Topic: Buy the DIP, and HODL! - page 335. (Read 108583 times)

You are not to sell all your bitcoin because you want to take profit and fill that you have arrived. Instead, you should sell part of it, if you have reached your bitcoin target so that you can diversify into another investment like property, stock, bond. Why do you stress yourself to accumulate for a long period of time just because you want to sell all your investment. What if after selling all and you are holding fiat and the price of bitcoin didn't dip to the price that you expected ot means that you will only buy little amount of bitcoin and you should not forget that they more you are waiting for bitcoin price to dip, your fiat currency is depreciating. Why do you want to start from the scratch again by starting as a newbie that just started his bitcoin journey. It means that you didn't realize the potential of bitcoin during your period of accumulation and the compound interest is what makes it more of a better investment than any other investment.

How long do you think that it will take you to build up your new butcoin portfolio that you just started, it might take even double of the years that you used to build the first one because one thing I guess that you have not considered is that for every circle bitcoin dip price is always higher than the new circle and the amount that you used to buy lets say 0.003btc in the first circle will be higher than the amount that you will use to buy 0,003btc in the second circle. There is what id called a maintenance stage as explained by JJG, if you have reached your bitcoin target, you can start maintaining your bitcoin investmnet by limiting buying regularly and buy once a while either by lump sum or you buy at the dip. Umagine that you accumulate 1btc for 10yrs based on your regular DCA approach and you sold off all of it after ten years because you feel that you have reached your bitcoin target, and you fo back to square one and start accumulating again to reach 1btc again. It means that your bitcoin portfolio is not increasing more than one level and wouldn't get tired of accumulating over and over again, mate I must tell you that a time will cime that you will never be able to continue with your accumulation because we don't know some unforeseen challenges that we befall on you and you will also be getting old and this shows that you will never reach that fuck you status that you don't need to work for anyone again but only depending on your bitcoin investment to take care of you in your entire life.

investments should be there for as long as we are leaving so that when we are old and can no longer work, our investment will take care of us and out children. A successful investor don't start deom the scratch if not you will never be successful. If you have reaced your bitcoin target, you can sell like 20% of it and keep 80%, so that as time passes by your compounding profit will also be increasing, than you starting all over again like a newbie. This means that you have nothing to show that you are an OG investor in bitcoin and you will gave little profit like all those beginners.

This is where you got it wrong because bitcoin is not stock, so you don't use the stock market to judge bitcoin.  There is a high probability that bitcoin future will be brighter than been dull. It is because no one can predict the future that should also make you not think that selling all your bitcoin and start all over again to invest is the best instead of to keep on hodli and maintaining your bitcoin portfolio by buying once in a while and diversify to other investment. Growth is what matters a lot and not the opposite. There are some mistakes that when you have made it, you will regret it throughout your lifetime because they cannot be corrected.

You have a point because that has been the challenges most investors normally face because most of them always feel that selling there Bitcoin on a bull Run will give them some sorts of advantage to achieve two things at a time by selling there Bitcoin with the plans of buying back immediately if the price drops down without knowing that it could sometimes be the worst mistake they will ever do because the chances of the price dropping down from the level they sell there Bitcoin may not really be possible were as it could lead them to miss a great opportunity they should have utilized.

So irrespective of the profits an investor should have made on a bull Run shouldn't influence there judgement in times of risking it  because is not worth it, so holding should always be taking note of.

I was having this mindset before, thinking that it was never a good practice to sell Bitcoin. But when I join this discussion, I realized there were actually people that sold around the peak of 2021 bull run and started building back their portfolio during the following bear market even up this moment many of them are still buying. How they got such information about the market cycle and how they developed such level of discipline to follow it is what one need to study. The key point is that, there should be a way of selling that will not harm the entire portfolio especially when you sell not because you want to use the money for other things or waste it away but because you are being strategic and poised to maximizing profits.

On a second thought, selling does not harm Bitcoin all the time because without buying and selling, what is the use of Bitcoin? Indeed, it is through selling and buying that liquidity is created so we should not demonize selling. Just that one should be be able to plan the selling in such a way that it align with your visions and your motivation for investing in Bitcoin in the first place.

I don't agree to your assertion that it's not ideal to take off profits within the bull run like what's the essence of investing? Isn't it to make profits? So in a situation whereby an investor have achieved his major aim of investing which is to make profits so after selling off his bitcoins the next for him to do is to pause investing for sometime until the price begins to dip then he can start buying and holdling again till he aquires a reasonable amount or better still he apply the DCA till the price skyrockets again so that's what an experienced investor does.

In trading, making profits is not guaranteed all the time so accumulating for a very long period like 10 years as you stated may not really be an obtainable idea as the future is unpredictable no one knows how the fate of the coin might turn out due to some uncertainty that surrounds the stock coin market. Making accumulation for a very long period of time might even lead to losses because in the quest of hoping that the price will skyrocket then it suddenly starts dipping so it's really not ideal to accumulate for too long as no one can speculate or predict what it's future holds.

I only believe in investing in Bitcoin, if I have a Bitcoin investment I don't feel the need to insure it because the longer I hold the Bitcoin investment the more likely it is that I will get a much higher return than I would by holding the money in insurance. I don't really think anything else by investing in Bitcoin because investing in Bitcoin and its long time hold definitely gives an investor everything. While I don't agree with you about having to insure, your point that we can increase our investment if we want to is 100% true. As we hold our investments for a long time, we should think that our investment amount never decreases but that we can increase the amount of investment. 

Investing in Bitcoin is a reliable investment platform so we don't have to worry by investing in this platform. Investing is easy but investment is hard to hold but those who invest in Bitcoin can hold it for long time through hundreds of challenges but they will have the last laugh. Those who have investments must hold your investment and those who are thinking of investing afresh, decide to invest now and plan to hold that investment for a long time.

Basically Bitcoin needs plan. And in my point of view anyone has Bitcoin or he is buying with DCA method so I think he should never sell all the Bitcoins at once. He always hold some amount of Bitcoins. And if anyone will believe on Bitcoin and will Hold for 4-10 years or even more so definitely Bitcoin will give benifits of his/her believing.

And selling too much earlier is also the personal decision of anyone. But in my point of view if anyone will sell all Bitcoins to soon so he has less knowledge and he needs to learn more about Bitcoin. And definitely he will regret on his decision if he will sell Bitcoin to soon.

And Accumulation and selling are two opposite words. If anyone thought that he will accumulate Bitcoin and he selling so definitely he is not accumulating.

There is no need to stress ourselves looking for shitcoins that are less shitty because investing in shitcoins is like saving your Bitcoin in a centralized exchange where you don't have access to the private key and you can lose your Bitcoin anytime with a cock and bull story. The best thing to do is to stay away from investing our money in shitcoins so that we will not lose our money, you can use the money you intend to invest in shitcoins and accumulate more Bitcoin and hold for the long term.

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

Selling and taking profit during the bull run is not ideal because after selling, you might not be able to buy back at the price that you bought before and this will make you have less bitcoin that the initial amount that you had before selling. Meaning that you don't have a bitcoin target and you are not focus on accumulating bitcoin on a long term investment. Another reason why this strategy is not the best is that you will miss out the compounding interest that your bitcoin investment will accumulate for you if you only keep on accumulating till 10yrs time or more. Try and see your bitcoin investment as your life savings and not for profit alone because nobody knows if at the long run it is your bitcoin investment will be the one to take your to the next level in future because there is high possibility that bitcoin price might keep on increasing with timeline. It is better to save for the future than saving to sell and take profit and buy back again. All bitcoin sold can not be bought back easily because of the change in price towards the upside. It is also a bad idea to sell all your bitcoin investment and hold fiat. What is things didn't work out as you planned it after selling, that is when you will regret your action.

Talking about prices, of course prices will fall unexpectedly and prices will rise unexpectedly. So in investing you need a lot of precise judgment to take advantage of the multilevel accumulation point when you have the opportunity to do so. I have studied the Lump Sum strategy, buy and hold and also act aggressively when the market situation turns red. As for all of that, in fact you have to be able to divide the funds you have into several stages to be able to take advantage of the market situation. Long term planning does require patience, sometimes we can buy aggressively or we can buy with DCA.

In that context, I believe people will accumulate Bitcoin when the market is down and they will buy aggressively at that time.  That's quite a good thing if you have a bigger budget. But as beginners, maybe we will start investing with varying levels of our financial strength to our goals in 1 year or 2 years. Patience is the key and playing buying and selling and buying and holding tactics is up to each individual.

Your perception or view of investment is actually not encouraging because following the explanation you made there is every chance of losing even the small funds you had in mind to invest on Bitcoin because is actually obvious that any investor who intend to accumulate Bitcoin through the profits they made from there trading is obviously a bad plan.

Perhaps what makes you feel that there is every possibility that you are going to make a profits from future trading? Or perhaps you seem not to realize the risk involve on trading and the chance of blowing away all the money you have worked so hard for to accumulate Bitcoin, so I would advise you to focus on accumulation of Bitcoin only and if perhaps you feel you don't have enough funds you can as well reduce the accumulation amounts to suite your financial state and with time you will accumulate a lot.

Inasmuch as bitcoin is concerned at this particular time, there is no need waiting for it to dip before buying and hodling. At this time what a good investor can to is to keeping buying bitcoin now irrespective of the fluctuations in the price of stocks in the market as bitcoin price may not dip lesser than this till the bull run begins. This is more reason why the DCA method is applicable at this material time as it will help an investor to be investing the same amount at difference period not withstanding the state of the price at that particular time.

Often times the problems we encounter while investing is impatient and fear of losing if peradventure the price of bitcoin dips after we've bought bitcoin and again due to this fear most time make investors to sell off their bitcoin earlier than it ought to have stayed. Investing in bitcoin requires patient to wait for a very long time before the investment can be matured for trading so in situation where an investor isn't patient enough to monitor the activities of stocks in the market it might actually lead to incurring losses.

Yes... selling depends on your personal goals, and really if people invest into bitcoin for the long term, such as 4-10 years or even longer, then they can still be advantaged by having value in bitcoin, even if they are not selling it and even if they are going through various drastic ups and downs along the way... So a fairly BIG question might be how much BTC are you trying to accumulate, and if you reach your target and you sell it all, then you weren't really wanting to accumulate bitcoin, but instead you were wanting to accumulate dollars.. so are you in a better place if you sell out of bitcoin and get into dollars, or would you be more likely to be better off if you either completely stay in bitcoin and maybe just sell small amounts from time to time to the extent that you might no longer be in an accumulation mode.   

Some of those selling strategies are going to become more clear as you accumulate BTC, but people do frequently get distracted and they sell too much BTC too soon, and then they have to rethink their whole perspective including that they might have ended up psyching themselves out of having a BTC buying and/or HODLing strategy rather than devolving into trading and gambling kinds of thinking about their stash.


Yeah but what good does it do you if the BTC price goes up to $55k and ONLY ends up retracing back down to $42k?

Sure, your retracement scenarios might play out, but if you are a newbie to investing, you may well be overly prepared for DOWNity, and hardly at all prepared for UPpity.  In that case, you are likely being too smart for your own good... even if you might end up being correct... but then if you are not, then what?

We have witnessed these kinds of BTC UPpity price moves several times in BTC's history, and surely it does not mean that they are guaranteed, just like you are not guaranteed a retracement that is going to be significantly large enough to put you in a place that you should have had been in August and September when BTC spent around 2 months between the upper $24ks and the lower $27ks and people were waiting for further down, and we have not had much retracements since early October, especially for those too greedy in term of their retracement expectations.


We don't have that in bitcoin.

Have you heard of bitcoin?

It is called scarcity.


Yes.. I know that if there are more willing sellers than willing buyers then the price is going to go down, yet that is not really telling us anything to presume that there are more willing sellers in these price zones, when the opposite may well could be the case.  Yeah, none of us really know, and that is why JJG suggest to always prepare for either direction, but to always make sure that you are more prepared for UP than you are for down since we are investing into bitcoin for a reason. .which is that it is amongst the best of assets available for normies around the world to invest into, if not the best.


I doubt anyone is saying that there won't be retracements, but they might not happen at points that you expect.

Sometimes bitcoin goes into punishment mode, and that really sucks for guys who either shorted bitcoin or did not get enough coins.

But you have to live with your own choices in regards to how much you are prepared for either price direction... of course the third option is that we could go flat from here, but that would be pretty rare.. .. but there can be some periods of sticking at the top for a while prior to the retracement, but sometimes the retracement does not come until much later, and then the retracement, even though technically correct, does not really benefit those who should have been buying all along and/or probably should not have shorted.


Well if your forum account says that you have ONLY been here for 2 months, would you like to give us a longer history regarding your BTC accumulation.

On my own personal level I was accumulating bitcoin about three months prior to my forum registration, and I was referred to the forum (specifically to the WO thread) by someone in another bitcoin-related thread in another forum... so I started in bitcoin in late 2013, but I had already had about 20 years in vesting in other kinds of things, so I kind of had a specific agenda, including that I wanted to diversify some aspects of my then holdings away from the dollar.. and so that is part of why bitcoin seemed to make sense for me to establish an investment budget for bitcoin for 6 months, and then at the end of the first 6 months, I extended an investment budget for another 6 months, so maybe I had a year in bitcoin that I was engaged in mostly accumulating BTC and also studying the space and forming my opinions and even tweaking some of my strategies (and my thinking) at various points along the way..


right now we are right around 30% above the 200-week moving average, so it is not really seeming to be any kind of meaningful/significant top in terms of attempting to measure BTC value in terms of bitcoin itself rather than getting caught up in potentially irrelevant and/or meaningless technical analysis of bitcoin as if it were a mature asset, when it is not, and from the chart you can see that we are currently at $28,988 which and that we have tended to be quite a bit above the 200-week moving average rather than close to it or even below it (which the last year and a half) might have given you some perverted ideas about where bitcoin is at in terms of its historical tops and bottoms...and also if you don't really understand what bitcoin is or if you might happen to believe that it is some kind of a mature asset class or that it is like other assets. blah blah blah.. you might not get it.


No problem.

Hopefully you already have enough BTC so that it does not matter to you either way, even if we go up to $55k without a 5% to 10% dip... I personally have no clue if the BTC price will dip or not but my own holdings are prepared for either direction.  if the price goes up I sell and if it goes down I buy.. but if you don't have enough BTC, then you should skip the selling part and only do the buying part, and also don't be concerned about which way the price is going, just buy regularly, and sure maybe hold some extra to buy on dips, but the main thing should be ongoing buying until getting to some kind of a stage that your BTC holdings tell you that you can modify your strategy, and sure if you have been buying for several years and/or you lump summed into bitcoin in the last year and a half, then maybe you already have enough BTC, but from the contents of you posts, it seems that you probably missed out on buying enough in August/September when BTC prices were between $24k and $27k and you have missed the last two months waiting for dips that have not happened, yet.. and now we are above $38k.. so maybe you might get a dip to $39k after the price goes above $42k? or sure, maybe it will dip from here?  I am not going to claim to know much of anything, but I would not be putting too much stock into a buying on dip strategy if I was already in a position of not having enough BTC.. which seems to be your situation.


It should be pretty obvious that we are not talking about those kinds of trading, leveraging and futures topics in this thread.  Sure once you have the basics you can add more sophisticated techniques in order that you can lose everything that you worked to gain over the years.  Another thing, just keep those fucking arounds with trading, leverage, futures, shitcoins and other kinds of gambling less than 10% of you bitcoin holdings.. and don't be sloppy with it.. don't be injecting new money into your degenerate gambling after you lose the whole 10% and then take another 10%.. you probably need to have systems in place to punish yourself and to earn back your  losses prior to being authorizing yourself to employ such tools in the future.. but of course that's up to you how you want to do those things, but it should be clear that those strategies are not on topic in this thread.

You are going about it the wrong way. Don't buy through futures trading, just buy from any of the exchanges and hold in a wallet you control the private keys or seed phrase. Future trade uses leverage which can burn your account should there be any major retracement.

Imagine the ETF get rejected again by January and the market dumps, you will be burnt if you use leverage and a reasonable lot size because since you are presumably buying to hold for long via leverage trading, you will go all in.

Don't also forget that with futures trading, you do not really own a Bitcoin, because everything is in dollar value, although you have the choice of converting to Bitcoin at the expiration of the contract.

Like I said, avoid future trading and buy real Bitcoin from exchange, transfer it to your wallet and hold. There is no need of being confused because it is a simple method. Don't let the greed of getting X10 of your capital lead you into taking uninformed risk.

If what i use here as a technique is good by me alone as from what i can see and it all works for me the better, i only invest using DCA, this helps me getting my portfolio pilling up till i see that I've gotten enough that is so close to the last all time high of $69,000 then i many decided to wait and hold onto the ones I've Invested, waiting for the bullrun to come and i make my profits then also reinvested.

sure! I have noticed this quite much in this forum that most persons make statement that will  sink well with others and not for the purpose of either emphasizing there assertion or conviction on the said matter. This has lead them to passing wrong information to people that might misunderstand them. I have noticed people making general statement about bitcoin even when they don't even have the proper knowledge regarding it and will even make blind argument that is not aimed at getting themselves informed but is totally centered at proving a self acclaimed point.

Well there is a saying that using one stone to kill two birds is not always possible or advisable because if your plans of accumulating Bitcoin through future trading I most say that you are not really ready to accumulate Bitcoin because the possibility of making profits from your future trading is not certain because of the risk involved and also if I may ask what if you lose all the money through the future trading what will now become your Bitcoin accumulation plans?.

One of the reasons why most people failed on there investment is a poor planing because most people always see the possible profits that might come out from a certain investment without considering the risk or rather challenges that might be resulted from there.

So actually I would just advise you focus on accumulation of Bitcoin and remove any mindset of putting your money on future trading by using the profits realize from there to boost your accumulation of Bitcoin because it could affect your investment seriously.

If I understand what you mean, trading is not the best way to accumulate bitcoin but rather you should use the DCA approach because this gives you the opportunity to buy bitcoin frequently no matter what the price of bitcoin is at that moment. This is the only strategy that helps you to increase your bitcoin portfolio gradually. What you need to do is to make your calculations on how much that you will use to buy bitcoin weekly or monthly based on your income and you should make sure that the amount that you are using to buy regularly wouldn't affect your monthly expenses. You should also set aside emergency funds and reserve funds to help you comb whatever expenses thatay occur during your accumulation period so that you don't go and sell the bitcoin that you have accumulated when it is not from your will.

Have a bitcoin target and work towards that goal with commitment, patience and discipline because you are on a long term bitcoin accumulation journey. If you are privilege to have extra cash, you can keep it so that you can use that money to buy bitcoin at the dip, and if peradventure, you have a good amount of extra funds that you don't need, you can share it into three fractions, one for your regular DCA, the second for lump sum purchase and the last part for buying at the dip.

Don't think of trading because it is very risky and it can lead you to a great loss because trading is something professional and not for everybody. It is very easy to make loss in trading than making profits and only 10% of traders are those that are getting profit fr trading. Don't waste your time and resources on what needs some technical skills and market analysis because it is difficult to know which side the market will move to. It is easy to buy bitcoin weekly because no much skill is needed than just to know how to buy and transfer to your self custody wallet. So many newbies have thought that they can use trading to increase their bitcoin portfolio but they ended up in disappointment, loss and regrets. Traders are only after small profit in a short time and most times they make wrong decisions on the market movement and a lot of them have changed from trading to investing with DCA approach because they have realize their mistake and learnt a hard lesson from trading.

People think trading is that easy but it is not and traders are not investors because an investment is not something that you gamble with, but rather something that you sacrifice for to benefit from it in many years to come. DCA reduces risk and helps to accumulate bitcoin in advance as long as you are investing for long let's say maybe from 4-10yrs and above depending on your bitcoin target.

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

What is Dollar Cost Averaging?

BTC Dollar Cost Averaging (DCA) is a popular investment strategy that is often used in the world of cryptocurrency. BTC DCA involves investing a fixed amount of money into BTC (Bitcoin) on a regular basis, regardless of the current market price. This strategy can help investors to smooth out the potential ups and downs of the market and reduce the risk of buying at the wrong time.

Here's an example of how BTC DCA works: let's say that you want to invest $500 in Bitcoin. Instead of buying $500 worth of Bitcoin all at once, you could use the BTC DCA strategy to buy $100 worth of Bitcoin every week for five weeks. This means that you would be buying Bitcoin at different prices each week, depending on how the market is moving. If the price of Bitcoin goes up during those five weeks, you will be buying less Bitcoin each week. But if the price of Bitcoin goes down, you will be buying more Bitcoin each week.

The main advantage of using the BTC DCA strategy is that it can help to reduce the risk of buying at the wrong time. By investing a fixed amount of money on a regular basis, you can avoid the potential pitfalls of trying to time the market or making emotional decisions about when to buy. This can help to ensure that you are consistently buying into the market, rather than making large, one-time purchases that could be affected by market fluctuations.

Additionally, BTC DCA can help to reduce the average cost of your investment over time. By buying at different prices, you can potentially average out the cost of your investment and end up with a lower overall price than if you had bought all at once. This can help to maximize your returns in the long term.

Overall, the BTC DCA strategy is a popular and effective way to invest in Bitcoin. It can help to reduce risk and improve your chances of success in the volatile world of cryptocurrency.

Source: https://dcacryptocalculator.com/bitcoin

Here is an interesting fact about buying bitcoins. Here you can find all information on how to invest in DCA method.