Topic: Buy the DIP, and HODL! - page 334. (Read 123685 times)

The topic of this thread is built upon a presumption of long term investing, and we are not trading here or even selling for short term profits and/or expectations to buy back lower. 

if your investment plan is 4-10 years or longer, you are likely going to have better chances of experience compounding of your invested amount and also you will likely increase your options regarding what you might want to do with your bitcoin investment later down the road, especially if you both hold and invest more than one whole cycle... notice the thread topic also says nothing about selling, and that is on purpose (rather than an accident).


You guys seem to be getting all hot and bothered about keeping coins on exchanges, but also you should not be ignoring that if guys are making a lot of small purchases of BTC, they might need to consider allowing their BTC stash to build up to a certain amount prior to withdrawing them, and personally I recommend to not purposefully create UTXOs that are less than $500 to $1k, even if you might be able to currently transfer for reasonable fees, we also need to give ourselves more options in the future, so part of that is holding our own keys but another part is to make sure that we do not have UTXOs that might be too uneconomical to spend under certain high fee market conditions that might happen in the future that might even be worse than the fee situation in the last nearly 3 months.

When an investor invests in a long-term plan or thinking of investing, he will not worry much about the market. It will not matter to him how cheaply he can invest. The most important thing for an investor then is to implement a plan to hold his investment for a long time. There is definitely risk involved in investing but the investor decides to invest only when he is fully prepared to accept the risk. The investor must accept that he is investing and after investing he will not only continue to earn profits but he must also accept the fact that the market may go down after his investment resulting in loss of his investment. If the plan is long-term then the investor should use that opportunity when the market goes down. That is, if the market goes down after the investor invests, the investor has to invest even in that situation. As a result of investing in two situations, there will be a compromise in the price. As a result, if the market increases slightly after investing in the second stage, the investor will recover the temporary loss. An investor must pay attention to his investment retention in order to maintain his investment in depth. 

So that temporary dumping does not have any adverse effect on the investor's investment, the investor should refrain from monitoring the market frequently so that his attention is diverted and he can hold the investment for a long time.

A new investor who is going to invest for the first time but already has an understanding of long-term investment, if he invests relatively large amount of money, I do not see any problem. An investor who is the first to invest but does not want to invest without knowing a single bit of information about the investment. Maybe through this forum or some other medium he must have some knowledge about investment and based on that knowledge he is interested in investing. 

Everyone has their own investment strategy, in the beginning if an investor can start investing with enough money as he can afford and gradually increase his knowledge about investment, but investing more money in the beginning is not a bad decision for him. A new investor can start investing with the initial amount of money he has and after starting, he can think about how to increase his investment along with long-term planning of his investment. 

A new investor must be aware of the DCA method if he has decided to invest and if he is aware of the DCA method then he must later adopt the DCA strategy in increasing his investment.

Traders have small targets and are always satisfied with small profits. Traders who intend to sell their coins for a small amount of profit do not need to be very patient, but an investor who invests in a long-term plan must have high expectations and from that high expectation, he will try to be patient enough. A long-term investor has enough patience as well as enough faith in his investment and no matter how much the market is dumping he has faith that the market will return to normal again. A long-term investor has enough patience and has enough faith in his investment and has enough courage to go ahead with his investment is the characteristic of a long-term investor.

Markets are changing and will continue to change all the time. If you do enough research on the market, you can predict the next movement in the market, but you cannot say for sure which direction the market will go. But since we are long-term investors, we don't need to worry much about market movements. We have to continue investing with some risk of money and if a big opportunity comes in the middle of the series then we have to take advantage of that opportunity. The plan we invest in must be kept in mind so that we can execute this plan perfectly.

You are right to some extent but what you've just explained here is an irregular investment since you ain't too sure if the percentage you scrap out for handling other needs would be enough before you receive your next income, that's why it is advisable for an investor not to have one source of income so that you can make the whole analysis with your first income then a situation where by you may not be able to meet up your DCA due to some uncertainty then you can as well swap to your other income and continue your DCA .

This is the more reason why one needs thorough reasoning when trying to invest through DCA and most importantly having alternative source of income can actually help not to miss out the DCA because whatever that causes you not to meet up your DCA believe me your interest to continue would start diminishing and possibly push you to tamper with your holdings because it will actually look like a stress to you in the sense that it would look as if continuing your DCA would deprive you of some certain things though definitely anyone using DCA should just be prepared and be more disciplined about it if not there are times you would actually feel like not continuing due to one challenge or the other that's why an investor doesn't need emotions at all rather you go all hard in other to achieve your target(s)

In the case of such person as he explained where salary is low, I don't think that even using 100% of salary to cater for the first months need would help, cause at the end of the day the next month would come with equal problems or even lesser or more still, and he would end up using the next months income to still cater for his needs, or a little would be left and he would invest that one for the next month as you said.

But what about the upper month, and the next and till he continues to be in that state of low income, I think this would really affect him cause his investment would be mostly inconsistent and he might not even be able to succeed as an investor cause emergency might also occur and he would have to cater for those too, and if this inconsistency continuities it might also lead to him starting to procastinate and giving excuses which could cripple his determination and goal, what I think is best for such individual if they must invest is to remove an allocation of 10% to build up for emergency first or divide that 10% for both DCA and emergency funds, so at least they have started and they would now see the need for a salary raise to boost their investment and manage the rest 90% for needs and expenses,  such person must also have a high discipline more than another investor starting with higher capital and comfort  to manage his cashflow and chunk some unnecessary expense out to help himself.

Cause I think so far in this thread we have come to agree that cashflow would also play an important role in one's plan to accumulate bitcoin, either a person of this level would be okay to do poorly untill he can grow his income or should not bother investing, cause he would always be at a state of emergency.

 While I'm not saying a person with low income cannot invest, I'm just establishing the fact that it would be too difficult for him to endure cause his progress would be slow, and his holdings would always be at risk to poor emergency funds and low cashflow, which are two major important factors we need to accumulate bitcoin successfully.


Yeah it might be easy to say but not in actual reality, the monthly income budget we are talking about here is 30$ which is relatively low considering the cost of living , so I won't like to call I easy for many reasons, one being that this person has no comfort at all if we are to add that he might me living independent and taking acre of himself, okay let's assume he uses 15$ for feeding and 5$ for all his transportation, then he pays bills for another 5$, all he has left as extra cash would be 5$ to save and to cater for any emergency, then what goes to bitcoin.

The only way for this to happen successful is to suffer one side of the expense to fill in for bitcoin which could affect him also if emergency occurs, let's imagine that all his emergency would be at his level, meaning his highest emergency could be at 5$, so u think his first best move is to build up emergency funds or if he must invest invest little In DCA and use a higher allocation to build up emergency and he must go for a higher income if he really plans on achieving much bitcoin.


Yeah saving money in fait is a bad idea 💡, and is not reliable cause fait doesn't hold value much, its a leaking bucket, but in this guys case, his problem isn't store of value, its investing and only an income raise can really save him. I consider his state of living an emergency itself.



Yeah I do agree with you, cause at the end of the day it all boils down to our investment approach and knowledge we have, even low earner can succeed as long as he knows how to go about it. DCA has continued to be the best option for beginners cause it does not only offer safety and comfort but it also gives users a chance to get acquitted to bitcoin and an opportunity to learn more. In fact its the only totally flexible pattern I know for now cause everything is subject to change, you can decide to be aggressive or even Conservative based on what and how you feel about the Market, you can easily see opportunities and take advantage of them. So far with DCA it's been a very good experience, I must say.

As a general guideline, invest only funds you are willing and able to lose without experiencing significant financial hardship. This percentage will vary for each individual, as everyone's financial situation is unique. Some individuals may be comfortable allocating more funds to Bitcoin, while others may choose a smaller percentage.

By investing what you can afford to lose, you mitigate the risk of financial strain or negative consequences if the value of your Bitcoin investment declines. Prioritise essential expenses such as housing, food, utilities, healthcare, and debt repayment before considering any investments, including Bitcoin. Establishing a solid financial foundation with sufficient emergency savings and a budget that covers necessary living expenses is essential.

Determining your investment horizon is essential as it aligns with your investment strategy and goals. Short-term traders aim to capitalise on short-term price movements. At the same time, long-term investors often have a more patient approach, looking to benefit from the potential growth of Bitcoin over a more extended period.

However, attempting to time the market ideally can be challenging, market conditions can change rapidly and accurately predicting market movement can as well be difficult.
It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

I agree with you completely. The moment a target selling price is set, then it becomes trading because by that singular decision,  the investors is more focused on achieving that price target and not necessarily building a large Bitcoin reserve.

He will not hesitate to sell if that price is even achieve in a month from the point of investment. We cannot call this long term investment if it happens that he sold shortly after buying because he achieved the target selling price.

One thing is certain, anyone who is accumulating Bitcoin with the intention of selling at a price set from the beginning will surely get agitated when the price is not forthcoming. There will surely be a time he will become tired of waiting if the price refused to get to his target.

Therefore, instead of having a selling price in mind while buying Bitcoin,  it is better the focus be shifted to buying as much as is possibly convenient and holding on to it, making the buying process a continuous one to such a time one is comfortable to begin to liquidate in parts and gradually and not pulling out all the funds at once. I feel that this method us better for investors as it eliminates worries, anxiety and also the chances of running out of Bitcoin completely when the price continues to go higher.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

Essence of the point you are making doesn't seem to be there, I mean why should we measure other people's lives. Everyone has their own views on how they invest, especially for those who have known Bitcoin for a long time so they will be very comfortable continuing to hold Bitcoin in the long term. For those of us who may be a little late, of course we have to remain focused on the Bitcoin investments we have made and the approach we take is not the same even if they move with a DCA strategy or with instant purchases. But if they don't succeed in holding it in the long term, of course it won't be an achievement for them to achieve success with a large ROI.

Indeed, in terms of investment patterns, of course there are many options that we have discussed many times, but I still always remind you that if you are a beginner, start with a smaller amount and start your approach while learning about Bitcoin. Buy regularly to add to your motivation to continue accumulating Bitcoin throughout this year. Many think they are slow but this is not a reason to continue learning about Bitcoin while buying Bitcoin with DCA.

The range of $200k to $500k may well ONLY have in the ballpark of 15% odds of happening between now and late 2026, so any of us should be able to come to those kinds of conclusions in our own thinking, and sure maybe we could give some considerations to how others might assign their probabilities too, but in the end each of us are the ones who have to make our own conclusions regarding how we are going to invest into bitcoin and how much and other considerations regarding how to manage our holdings through potentially turbulent times. 

So our plans likely need to be both short term and long term, so we have to know how to deal with short term turbulence that may or may not end up affecting our long term holdings.


Even though your various bot responses are not incorrect, we are talking about bitcoin here.. not shitcoins.  Your use of the term cryptocurrency seems to imply that buying the dip, holding and/or DCA would apply to shitcoins, which is a questionable proposition at best.  Fuck shitcoins and fuck the uses of the term cryptocurrency if you actually mean bitcoin then why didn't you use the word bitcoin in your whole bot-generated post?

Not everyone who is accumulating bitcoin is living a comfortable life, but since they know how important it is to have bitcoin, they have adopted a strategy that will make them spend less of their money so that they can accumulate bitcoin. Anyone who is using 80% of his salary to feed will find it difficult to be consistent in accumulating bitcoin because he or she does not have enough money to take care of his financial challenges. And that person will easily sell his or her bitcoin quickly because he or she does not have enough money to keep an emergency fund that will take care of unexpected financial problems

However, this will always be a possibility, we are human beings who are never free from mistakes and "forgetting" is one of the things in us that we cannot completely avoid because we are reasonable and sentient beings, therefore your statement and idea makes sense to me in the context of telling the password/phrase to one of the trusted people in our lives such as a wife or another family member.

It's like an inheritance, because after all all living beings will inevitably meet their end without being able to know in the slightest when, to be honest I myself do this, I rewrite the phrase on many papers and put it in many places in my house, and besides that I also tell my wife about this along with telling her how to cash it in. However, prevention is always better than cure, as you said that what is worried is that it is very possible that one day we can forget the passwords we have and another thing is that death will not be able to know when it comes, and by preventing this way at least our families can enjoy the results of the accumulation of bitcoins that we have struggled and defended during our lifetime.

Reading this reply remembered me of something concerning those bitcoins that have lost due some circumstances like death or missing of security seed phrases. And phrases are not something you can  just go pressing for forgotten phrase like how we do in password whenever we forget or misplaced it. If I may ask would it be a bad idea to tell few people you trust (like your relatives) your security phrase incase of such scenero because to me it would have been better for the family members to have the BTC that are being saved in the wallet than the bitcoin to lost and forgotten, Without no one knowing about it.

OK, then in that situation, I truly hope that they could save enough to buy and HODL enough to make life-changing ROI, OR they learn enough about Bitcoin, the network, and its ethos, then simply hold/use it for what it is.

But practically speaking, it's very hard to have conviction to HODL, if the real world requires something from you, especially including your money saved in Bitcoin. It's also why the younger generation have the luxury of having more conviction. Because they have less responsibiities, it would be easier for them to keep large portions of their salaries without worrying for their needs in the real world.


Under-employed can still do $10 per week and still be fine with his needs. That one is under-employed does not mean he has no way of saving a little, just that such a person cannot do certain things that money can do because of financial limitations but nothing beats humble beginning. As a matter of fact, they even need the investment more if they have to remedy their situation.