Topic: Buy the DIP, and HODL! - page 338. (Read 123670 times)

Some are preoccupied with the fact that the Bitcoin price is falling after the ETF approval, but those who are experienced are buying as much as they can, considering this period can be their last dip. A holder sees every dip as an opportunity until he achieves his goal whereas an inexperienced investor is preoccupied with why the market is dumping.

The interesting thing is that no matter how the price of Bitcoin is, some investors can't afford to hold Bitcoin because of their negligence. Because they wait for another dip after getting one.

Those who follow DCA and accumulation bitcoin at the moment they can utilize the advantage of the dip Because they are growing their bitcoin portfolio by buying more bitcoins at low prices.

That is why it is good to have a little knowledge about bitcoin before you start accumulating it so that you will understand what you are investing your fund in. It usually takes time, like 4-5 years, before you will see a huge profit based on the fund you used to invest in bitcoin. That is why it is good to invest with what you can afford to lose so that it will allow you to take care of your financial challenges while you wait for your bitcoin investment to yield profit.

From my understanding,  he is suggesting that there will be more dips before the halving as Grayscale continues to sell their Bitcoin. I understand his points because if they continue to sell, it's possible they may trigger some form of panic across board and weak hands will start dumping massively.

I'm suspecting that this may be classical market manipulation that is being done now to collect Bitcoin from the hands of weak hands and ordinary people to the institutions. For the ETF not to cause a new ATH, it is looking like the big players are out to control the price to align with what they want.

Whatever be the case, I'm not bordered because lower prices favour me more because I'm still at the accumulation stage in my Bitcoin journey. So it will enable me to collect more Bitcoin even at lower prices.

You are not offering specifics.

We already have a dip.  So are you saying buy now or wait for more dip?


Are you mixing up emergency funds and reserve funds?  Because there should be no expectation to use emergency funds.. but there could be some expectations to use reserve funds, such as for buying on the dip if further dip were to end up happening.


Surely nothing is impossible and currently the 200-week moving average is getting close to $30,500, and so it is not impossible to touch upon the 200WMA again prior to the halvening... but yeah, I personally don't consider very high odds of going down that far, and surely even if we end up going below $35k, further dips might largely end up being quite temporary rather than lasting.. but who knows?  I am not going to proclaim to know how  long these kinds of dipping or consolidation matters are going to last, even though we seem to have a lot of ongoing indication of upward price pressures, in spite of some entities (or persons) moving around their BTC exposure or even maybe getting out of BTC, which also would seem like a dumb thing to do... even though we can see why an entity like the FTX bankruptcy trustee would be selling all of its GBTC which was around $1 billion worth, and maybe they would not be getting back into BTC with that value that they are putting on their bankruptcy books.

Anyone who has been in bitcoin for long and understand the potential in bitcoin, will know that this is the right moment to invest in bitcoin. While others are panicking you are seizing the opportunity but adding to your portfolio. For me this is actually one of those moments an investor need to buy with lump sum, as this opportunity are rare and it doesn't come everytime. With the Bitcoin halving almost at sight, come on guys bitcoin is at a give away price currently. As plebs what we do at this kind of situation is to buy and hodl.

Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?

Everyone has a different investment style but everyone should invest according to discipline. Investors who invest according to the discipline invest according to the discipline of the year reap the benefits of their investment year after year. We all should plan properly to invest. An investment plan is a structured approach based on which you can conduct a proper market analysis of your investment method. But no matter how good the investment plan is, it won't work properly if you don't follow it.
The condition of investing in the dollar cost averaging method is that it is a method of investing for the long term. In Dollar Cost Averaging method we start or can start investing in Bitcoin with very small amount of money. If we don't stick with this investment approach for a long time, we will not be successful. By using Dollar Cost Averaging method we can grow our investment gradually and those who understand investment well make their investment for long time. Also Bitcoin investment is not for short term I think Bitcoin investment is for long term.

For those of the investors that has two strategy of buying through Lump sum and DCA strategy perhaps this is actually the right moment to utilize the opportunity of Lump suming because Bitcoin has presented a very good opportunity and waiting for more dip before Lump sum could make them end up not buying again because for the Bitcoin price to have gotten to $46k+ and start dropping down to $39,720 there is every chance that the price make likely range between those zone and may not go more further down so perhaps expecting the price to drop more could be a very bad decision because Bitcoin made this similar movement when the price was still $25k and it was ranging to $27k and dropping back to $25k so most investors feels that the price will drop below $20k before they could start the Lump sum but they never get the opportunity to.

Perhaps it has presented another opportunity to Lump sum and most of the investors are still saying that there buying target is only when the price will get to $38k before they could start buying, however they forgot that there is every possibility that the price may not get to that point and perhaps with the way Bitcoin price movement behaves when is ready to peak it moves fast within hours so any investors who fails to utilize the opportunity now may likely regret it later on.

Drawing facts from all what you said, Discipline in the mind of a person is what authenticates and gives reference as a true Bitcoin lover that is willing to become a true Bitcoin holder.
Dcaing for a 4-6 years period especially when purchasing weekly, may look too easy to keep up but it takes only a disciplined mind to keep it going notwithstanding other factors that may hinder the accumulation process.

Rightly said, everything about Bitcoin is not of certainty but of pasts stats and mere predictions (some may not know the difference between assumption and prediction, we say prediction when there is a strong reckoned of much data that the possibility of not happening is lesser due to past occurrence and facts while assumption on the other is just saying stuffs out of guess due to the intention of wanting to see that happen) that may tend to occur and possibility of not happening as well. The stats are there to rely on, the adoption of Bitcoin is getting really good, its adoption in countries and most companies is evidence of a better future ahead. Those who bought right from time were in the same dilemma of which in years to come its adoption and price will skyrocket and yet all this happened and that's one start we rely on for the progress of Bitcoin accumulation.

Anyone thinking that there is any 100% certainty about Bitcoin price prediction is probably new to the business because the experienced people know that there is no such things as 100% certainty. We can use past data to guess the future and it could be right or wrong, this is what we are expected to bear in mind to be able to make informed decision and not act in a manner or take actions that may lead to regrets and tears.

Even though we do not know what the future will be for Bitcoin, it is our expectations that at some point in the future it will become more valuable than it is today, the reason we are buying and holding it while keeping open mind to various possibilities that might unfold. It is obvious that Bitcoin has become more popular, more accepted and looking more promising than it was in the past and these are indicators that it is worth owning.

The method of buying and how to many the bought Bitcoin is more important than knowing what the price will be tomorrow, next tomorrow and so on, hence the reason I chose to follow a method that will not require me bothering about the price of Bitcoin. As a long term investor, the price of Bitcoin should be the least thing to worry you at this point even though it feels good when you see the price rising and your portfolio in good profits.

Investing in bitcoin does have many rules that must be understood and implemented properly. So that investment continuity can run more smoothly and there are no obstacles in the way. One of these rules lies in the use of funds that will be used when investing in bitcoin. This point is very important for all bitcoin investors to implement. Especially for investors who intend to keep bitcoin for a long period of time. Because if the funds used to invest in bitcoin are basic needs funds, emergency funds, health funds, as you said, it will definitely end badly. Because basically money that has been invested in Bitcoin will be very easily disturbed. So in the end, long-term investment intentions are hampered. Although actually taking/selling bitcoin assets if necessary is not a bad thing. But the context we are talking about here is about better procedures for investing in bitcoin.

So the best solution in terms of capital that can be used when you want to invest in Bitcoin in the long term is.
Use the funds we have ourselves, don't force yourself and most importantly use cold funds. So the point is, don't get easily carried away by FOMO. Because when we see other people successful with bitcoin investment, we only see them when they are at the top. But sometimes we forget how this person can be successful with his bitcoin investment. Even basically Bitcoin investment looks simple, just buy and hold. But in reality it's not that easy.

You already gave the information out: "Buy the DIP, and HODL!". The selling have been happening since last year and it seems they are systematically doing it with the intention to not raise attention. They just increased the selling quantity by January 19th for reason I do not know.

 

It is possible that it is the Bitcoin ETF news that kept Bitcoin price on the rise prior to the approval even when they were selling. Now that the hype around the ETF has waned, it is obvious where the selling pressure is coming from. They have been a good reference for Bitcoin whales but it is looking like they have decided to start booking their profits.

This could be a blessing in disguise; a way of dropping the price pre-halving for those of us using the DCA method to get more Bitcoin for the same amount of dollar.

People largely view bitcoin more as an investment opportunity than even a currency in our present time, how many people use bitcoin for Day to day transactions today, very few because of the hight gas fees. Its true that only when people start to see bitcoin as an asset that they would be good holder, but they also have to know that bitcoin has the potential to give them good profits it they hold long, cause if you would be comparing bitcoin to other assets like gold, you would find out that bitcoin both beats  gold as a worth investment option than a good store of value considering the fact that bitcoin is still very volatile and the price changes could still be 10x dip and 10x up, making it more good as an investment than gold, while gold would remain within a price range for a while and does not have much volatility like bitcoin. Investors must know that bitcoin has the potential to give them good profits and its worth holding than playing around with like trading.


Yes historical bitcoin has favoured long term holders more than short term profit makers, and this is a fact that we all should know, long term holders have a more guarantee to make profit from their Investment in bitcoin than any other kind of investors. And DCA puts you as an investor in front, cause I mostly like to view it as the foundation where you can add other strategies and win properly.

Not being skeptical, sure discipline is required to hodl but your must station your mind in what you want first, believe that what you want as an investor matters a lot, if you know what you want, setting a strategy in other to achieve your goals wont be very difficult, severally it has been preached that for you to call yourself a successful investor, you must have a good investment plan that will make you resist the urge of wanting to withdraw your investment, don't be greedy because if you are, you must at a point want to withdraw from you investment, don't lavish funds that you set aside from special needs so that you wont think otherwise, hodling is the way to go and don't forget to keep increasing your coin as much as you can.

Discipline plays a vital role in anything that we are doing, especially on achieving a goal to be a successful investor in a long time bitcoin journey. This is because you will be on the roller coaster for 4-6yrs and above. If you are not discipline to be consistent in using DCA approach as a beginner on your bitcoin journey, you will not be able to build up your bitcoin portfolio to a great height, because you will invest  reluctantly.

What you said @Troytech is right but to only some certain investors which are the poor and average class that have more expenses to take care of, but discipline applies to all category of investors. Take example of a rich guy MrX, that has every resources to take advantage of having a significant amount of bitcoin in his portfolio, but because he is not discipline and feel he has everything because he is rich and chose to invest in bitcoin using DCA method but he hardly meet up with this because he lacks discipline. On the other hand MrY is not rich but have a means of income which after all calculations done, he can take care of his monthly expenses and emergency funds. He still could DCA regularly, and due to discipline, he was consistent with increasing his bitcoin portfolio for 15yrs. MrY will have more bitcoin than MrX, during the same duration of 15yrs. Sometimes, before you know it MrY bitcoin accumulation can bring him closer to the level of riches of MrX, because of compounding profit.

However, if a rich guy like MrX, let's say MrZ is disciplined in his bitcoin investment journey and invested on the same duration of 15yrs with MrY, he will have more bitcoin in his portfolio than MrY. This is because he will use his wealth to take advantage of investing aggressively in bitcoin using all three method of bitcoin accumulation strategy because other of his investment can serve as his emergency and reserve funds, so there is no cause for alarm.

Investors must realize that Bitcoin is not just a currency, it is an asset. When an investor is able to acquire a good sense about Bitcoin  then he can be a true Bitcoin holder. Buying low and selling at a small profit may give an investor a small profit, but long-term holders will reap significant gains. It does not guarantee but long term holders never lose. Investors be able to build an asset over the long term by doing DCA and it will also reduce the risk of an investors.

Bitcoin offers several advantages than fiat currencies and fiat have no ability to compete with bitcoin. One of the biggest disadvantages for a fiat is that it is controlled by the financial authority by which it will have limitation and restriction. There is no opportunity to use one's own money according to one's desire. Using fiat offers various restrictions such as choosing a third party to transfer your money and completing it within a specific time frame and long waiting times, which is not possible with Bitcoin. Bitcoin users are completely independent.

Maintaining a disciplined approach is crucial in the world of Bitcoin investments, but it's important to recognize that discipline alone may not always prevent individuals from tinkering with their investments. Life can throw unexpected challenges, especially those related to health, and even the most disciplined person might find themselves compelled to tap into their Bitcoin holdings if they lack alternative financial resources.

However, it's undeniable that discipline plays a significant role in sustaining a robust investment strategy. Even when faced with minor challenges, a person with strong discipline can resist the temptation to hastily liquidate their Bitcoin assets. For a truly serene and steady Bitcoin investment journey, it's advisable to cultivate diverse sources of income and maintain a substantial emergency fund. This dual approach not only provides financial stability but also empowers individuals to weather unforeseen circumstances without resorting to disrupting their long-term Bitcoin holdings.

People can have a cool, collected experience when investing in Bitcoin by creating a financial safety net and securing steady income streams. This will allow them to hang onto their assets for longer, which will ultimately lead to a more successful and long-lasting investment endeavor.

While we may well be aware of this, we can't always use the past to judge or anticipate the future and saying something as bold as 100% chance is as tho we are sure and can predict what would happen, over years now and under many circumstances bitcoin chart has behave in diverse manners that have shown unpredictability and as we may be hopefull about the halving event, we should also consider and prepare ourselves otherwise. If we become to bold about things and it doesn't go as planned expecially when you are expecting a bull and you invest all your funds since you are calculating a 100% chance and instead we have a continuous dip after the halving which may most likely or not happen, and then you are out of funds to take advantage of the dip because you must have invested all your funds with hope of a bear. Let's all try to be prepared for anything, since Grayscale started dumping, we really don't know what to expect and to remain uncertain is good for us, since we have the advantage to prepare for anything and can take advantage of any situation the market brings.

Of course Bitcoin is the best coin, in fact as the Matter of fact the growth of every other coins depends on the growth of Bitcoin because is a father to every other coins, but sometimes I wonder why after knowing how potential Bitcoin is and most investors will still look for an alternative through other coins when Bitcoin is the best and most reputable coin.


Of a truths Bitcoin is the best investment and can never be compared with any other coins but however to really see the potential of Bitcoin is only through holding because holding is the only determining fact to your success on Bitcoin investment, and also one of the things we should also understand in times of investment is that no matter how good the investment is there is always some risk that could be involved because lets not feel that after investing on Bitcoin the price will keep on growing, it doesn't work that way considering how volatile the market is, it could move to any direction anytime that's way the best way on Bitcoin investment is only through holding.

However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.