Topic: Buy the DIP, and HODL! - page 355. (Read 123547 times)

A little correction, we are expecting the next halving around April, earliest March, won't take up to May before the next halving.

This is one spectacular fact about Bitcoin, it always gives room to everyone who chooses to DCA, a little correction and then a pump, that becomes the entry point of every investor.
We expect a new All Time High from Bitcoin surpassing the 100k price due to the influence of the halving and ETF approval not longer than the end of 2024 to the early of 2025. May not be too surprised if Bitcoin does not exceed the 100k price, something lesser is still considered an All Time High as long it surpassed the last ATH of $69k.

Likely said, no any need to delay longer than now from topping your Bitcoin portfolio, this might be the best opportunity to accumulate better securing huge profit, you never know if the bull will continue and may not touch low to this price again, so grab this opportunity from the correction.

You can find a nearest  support for your entry but as you've  said  now is the time  to take opportunity given by sellers or maybe the influencers  because  for sure we know its coming back up . The current  drop is just a price correction, any point of entry now will still give you profit even there a longer price correction.Besides, you are HODLing for long so there's  nothing  to worry about as a long term investor  so far you are current

Maybe you didn't see a success a year ago since bear market is happening at that time and we can see the price of bitcoin if not stable it drop drastically. And that is actually a perfect time to accumulate since we see a lot of lows and if we hold or do DCA strategy at current rate for sure a lot of people already earn their profits for accumulating when bitcoin is in bad shape. Now its really good to continue to do DCA since we still have more to come since market still have huge potential for another pump. Especially on halving season where we can assume that more great to come from so for sure those people will accumulate even at current rate will be lucky once bitcoin starting to get those big pumps. For now I'm thinking about load up my exchange wallet and try to find good position to take long and let see what will happen next if I can get a profit or we see a price correction.

The effect of the Bitcoin ETF approval has not fully supported Bitcoin price movements higher, today according to the data I saw at CMC Bitcoin experienced a correction of up to 6.6%. This correction further increases the enthusiasm of investors who use the DCA strategy, they can buy Bitcoin which is trading at a cheaper rate than before. Many investors expect this correction as a lead up to a jump higher, Bitcoin investors optimism is growing and they predict Bitcoin will soon reach a new all-time price.

2024 may be the most exciting momentum for investors, Bitcoin may rise to a price of $50,000 or reach $100,000. The approval of a Bitcoin ETF could bring in larger retail investors who previously didn't want to touch crypto as Bitcoin begins to be considered the mainstream of future investments. Apart from the effect of the Bitcoin ETF approval, the bitcoin halving which takes place every four years and the next period is expected to occur in May 2024 will also accelerate the price of Bitcoin to reach its all-time ATH.

I started investing about a year ago, and the DCA method of investing has made me successful. But I didn't see this success in the beginning, I can see the success now because the price of bitcoin is also increasing and I continued my regular DCA method now my bitcoin portfolio is very big. Full credit to the DCA method, my future bitcoins would not have been invested if I had not adopted the DCA method. When Bitcoin was 22k, I started taking investment risk in early 2023. But now I don't think of this risk as anything, the risk is now filled with joy.

I agree with you on this as someone who is new to Bitcoin investment should only focus on buying, firstly with lump sum and DCA. Waiting for dip is like not knowing what you are doing and I will see such newbie as someone who is not ready for Bitcoin investment. Waiting for dip without defining the level of dip you expect to see before buying is
Just a waste of time, because no matter the level of dip you see you won't be satisfied as your mind will keep telling you that there is still more dip coming that you have to wait and while waiting you might end up no buying again and still such investor won't have Bitcoin when he/she should have had it.

Why is the emphasis on risk? I have followed the discussion here and the focus is long term investment which is believe to be a low risk method. But your submission that has risk as the denominator is not definite and your opinion seem equivocal. What I'm saying is that for long term investment, the risk is minimal, hence risk should not be a factor of consideration during the buying process. It is expected that before even getting started, one would have decided that:

1. the investment is for long term
2. funds allocated to Bitcoin will not affect basic needs. Meaning that it can be kept in Bitcoin for as long as necessary without the need for panic sell

So long as the above are in well taken care of, the risk that many associate with Bitcoin are minimal. Ever since I started using the DCA method, I no longer worry about the risk that was ingrained in my head when I first started. I'm totally at peace and passionately adding to my portfolio base on my plans.

Bitcoin is a digital currency. which can be received directly from one person to another without any medium. There are three ways to earn bitcoins, the first way is you can buy bitcoins for long term investment, sell when its price increases several times and earn extra bitcoins as profit. The second way is to buy bitcoins and sell them on time. Selling Bitcoin whenever the price rises above your purchase price is called a short-term investment.The third way is to do mining. The mining method is the payment that is given in exchange for a work called earning bitcoins in the mining method. The job of the mining method is that you solve the Bitcoin algorithm on a computer, and in exchange for this work you can earn Bitcoins as a reward.

 who are old may know these things well. This post is for newbies. I am also new to crypto currency. I have collected this information and knowledge from some medium.https://www.bitcoin.com/get-started/what-is-bitcoin/#what-is-bitcoin

If there is any mistake in the writing, please let me know so that I can correct my mistake.

Indeed, I've always believed in DCA up to and over the halving, it usually get's a better price than averaging into the bear market from ATH. This then covers you in case there is consolidation between say $35K and $45K for the next 6 months, as opposed to a dip to $25K to $30K. Either way, 6 months prior to and after the havling are usually great times for dollar cost averaging.


Most people also thought this in 2020 (myself included), prior to a 60% correction. 2016 was very similar, people thought the bull market had already begun and the price was "UP ONLY", but instead there was a -40% correction and 6 months of consolidation before moving higher. NEVER be surprised to see such an aggressive dip when not in a "full-blown" bull market. Until $48.5K is reclaimed and passed on long-term time-frames, this move (from $15.5K to $49K) will forever be a dead cat bounce, just like in 2019 as well as 2016, as it's the expected retracement level from $69K to $15.5K (61.8%). The main difference is, after this expected retracement level, Bitcoin has never fallen lower than it's low the year before, even if it came close in 2020 due to a black swan event, so it's technically a dead cat bounce without bearish continuation basically. Even if full-blown bull markets, when price has reached a new ATH there are still dips of usually up to -35%, but otherwise more recently (2021) up to -50% now apparently. TL:DR: There are always dips.

The main purpose of investing in bitcoin is to make a compounding profit at the long run, and how can you achieve this, it is based on the size of you bitcoin portfolio and time line. A newbie that just started to accumulate bitcoin don't need to figure out any of the three bitcoin accumulation strategies because he is new to the bitcoin and has no bitcoin portfolio yet. All he needs to do is to stick and only use the DCA method to accumulate regularly and increase his bitcoin portfolio size to a significant amount. While he has reached like 50%, he can now chose what strategy is best to him because during his early period of accumulation, he has been studying and observing which strategy he will adopt later but he is still focus on his regular weekly DCA approach.

However, like you said, we have the right to choose whatever strategy that suits us but you should also know that as a newbie, when you chose the wrong strategy like waiting and buying at the dip, you have ruined your bitcoin investment goal because you will end up having little or no bitcoin due to your wrong decisions and plans. This is because buying at the dip is something no one can target. You might even be at the bottom line of the dip, and you will still be looking for more dip, and you will miss out. The three are good strategy but there it depends on the level that your bitcoin portfolio is that you can use them. DCA is superior either when you have reached your bitcoin target or not because of the regular buying at different price. Consistency is the best.

Buddy, you don't have to say what he wanted to hear. Respectively, are you posting intentionally for him? He understood that you misread his reply to @Wind_Fury perhaps you should read again and get better understanding in case of next time.

Although you are right about the choices of investment. Our investment equity is different, some persons have enough money to go into different Bitcoin investment strategy irrespective of their consistency in DCA since 70% of investors DCA. But few persons manage their risk by only dacing with the little money they earn from their monthly income. While some gamble as well with that little money they have. I believe any decision an investor made he is ready to take responsibly of the outcome.

The fear of making decision on investment is something that affect most Bitcoin investors and people who want to go into investment newly. They imagine making wrong decisions and that is why most of them prefer giving their finances to companies that allows Bitcoin investment just like the BlackRock Bitcoin ETF. So that they bother about making decisions or about making investment plans. These set of persons just wat to invest without bothering about the risk and procedures of growing the investment.

I'm sorry if I didn't say what you wanted to hear. There are different ways to invest in Bitcoin. Some people like to use DCA which is a safe and steady way to invest. Other people might choose different methods based on their own research and how much risk they're comfortable with. The best investment strategy is different for everyone and depends on what they like and what their situation is.
I bold the word can be because this is according to risk. If you ask  me I will also say that the best strategy is DCA but I was saying it for those who think differently who think according to their minds. Some of them are greedy some take higher risks.

It sounds like you are misreading what I said.. and that is on you,.  I stick by my original comments, which are largely responding to Wind_FURY's various somewhat seemingly ongoing and persistent (subtle and sometimes not) arguments against DCA and seeming attempts to suggest that there is some kind of objective best in regards to waiting and buying on dips or also dumbedly trying to suggest, as you seem to be doing Publictalk792 that whatever BTC accumulation choices are made are all relative and blah blah blah bullshit. 

We all know that the DCA is the best strategy. But Buying Bitcoin when its price is down can be a good strategy for both new and experienced investors. This means buy it when the market is not good and the price is down.By doing this people can get advantage of the up and down in the market and can get more Bitcoin for having money. But it is is also need some experience like which is the right dip to buy.
Basically different people have different minds of investing in Bitcoin. Some use DCA which is a simple and good way to invest.And some people have more money and have more ability to take risks. They can choose to make one big investment in once. The best strategy for someone will depend on their goals how much risk they can take.

Yes.  And some ways are better than other ways, and as you know we are not really talking about trading in this thread or even proposing it as a better way for anyone (absent those who build a specialty or who want to spend time in this kind of activity - maybe like a profession), so no need to confuse matters more by suggesting that we might be talking about those kinds of things trading things as if they were even comparable or something that most normal/regular guys should be considering in terms of the bitcoin accumulation journey.
 
The most basic thing that we are talking about in this thread are the various ways to accumulate bitcoin, and so we have some agreed-to presumptions that we are considering various ways to attempt to accumulate BTC in the ways that are best tailored for each person.  So if we are talking about DCA versus buying on dip versus lump sum buying, then I still am gong to suggest that DCA tends to be the best for the newbie until he gets to a certain stash size.  However, lump sum could be equally well, if someone has a lump sum to get started with a lump sum, and then if he is a newbie and has not reached his accumulation strategy, the he should supplement the lump sum with DCA and buying on dips. 

Where we likely disagree the most, is my assertion that buying on dips is likely ONLY going to become a superior strategy after the person had already accumulated BTC, whether he did that buy DCA and/or lump buying and/or by some other way.


It probably depends on what you are trying to achieve.   I am not arguing the attempt to achieve a strategy that is the most profitable, because that likely leads to gambling behaviors. I am mostly advocating that guys attempt to be as aggressive as they are able to be in their BTC accumulation approach without fucking up too much by engaging in gambling, and yeah, that is not easy to achieve because the devils of the details of the actual application can sometimes not be easy to apply, including the more importance that the emergency fund becomes the more aggressive that a guy ends up being, so sometimes guys will end up screwing up when they end up carrying out part of a best practice plan and not carrying out another part and they might claim they are doing one thing, but they might not be making sure that they are balancing out the various factors and end up causing themselves too many emotions or perhaps waiting for dips that don't end up happening, or other ways of either buying too many BTC or not buying enough.


I prefer action and getting started, and figuring out a strategy that works for you, and if you are new the best way to get started right away is to start DCAing and to figure out your various details in terms of the 9 factors that I frequently like to point out in terms of the areas of consideration that would be built during the time in which the earliest stages of BTC accumulation is followed, which would be DCA to start.


Yeah, but who gives any ratt's asses about you?

You have already had nearly 8 years to tailor and hone your BTC accumulation strategies, so I presume that during those nearly 8 years, you have already accumulated some BTC during that time..,. I am sure that I have already presented to you, several times, how a DCA strategy would look for you, so hopefully whatever you are doing is at least in the ballpark of the performance of a DCA strategy. 

I don't know why I have to keep repeating these kinds of points, which would be that once you have spent time accumulating BTC for a while (such as nearly 8 years) then you are going to be in a more free position to attempt to strategize your BTC accumulation in accordance with the BTC that you had already been accumulating.


Am I suggesting that there are not going to be corrections? It sounds like you are working on attributing arguments to me that I have not made.


Who gives any shits about various macro factors in trying to figure out what to do or what not to do? 

Hopefully, many of us are able to figure out our BTC accumulation strategies based on our own situations rather than getting worked up about some kind of macro factor influence on bitcoin that may or may not happen.

In other words, we know bitcoin is considerably volatile and we do not necessarily know in which direction especially for the short term, and hopefully we are attempting to prepare ourselves for either BTC price direction, including  extremes that might take place. 

Waiting for some kind of a macro-crash seems dumb, because there is a need to be prepared for up, and if you are not prepared for up, then you are ONLY preparing for one direction.  There are ways to prepare for either (or both) directions, believe it or not.  DCA allows us to prepare for either direction and not overly prepare for one, and to not neglect making sure we are buying regularly.

How is your waiting for $20k going from September/October?  Yeah, you are still waiting, and maybe this time you are waiting for $30k instead of $20k.

Maybe I should give an example, so guys do not conclude that I am unfairly picking on you? 

If you have been into bitcoin for nearly 8 years, then you may well have been accumulating ONLY $10 per week, which would be $520 per year and less than $4k invested into bitcoin.

So besides investing $10 per week in bitcoin, then maybe you have been accumulating cash since August 2023 since you were so busy waiting for further down, so since August maybe you have accumulated nearly $200, so you can use that to buy on the dip, rather than having had bought all along.


For sure, there are going to be times in which we are going to get stuck with smaller sized UTXOs; however, I believe that the most recent unexpected and persistent increase in BTC transaction fees should have had taught us that we need to b attempting to prepare ourselves in such ways that we do not end up overly complicating our own situation by creating a bunch of small UTXOs on private wallets that might become unspendable at certain periods of time in the future if we end up experiencing some of these persistently periods of high transaction fees.  There are certain folks who consider that our recently high transaction fee period was a kind of an attack, but it is still not really clear about how durable such attacks are, and or if there are going to be actors in the future who are going to be ready, willing and/or able to persist with such practices that contribute to long periods of persistently high BTC transaction fees.

The examples and suggestions that you say do look good and make sense, but on the other hand I don't think that Bitcoin investors are so stupid in using their money for several things. Including buying for long-term investment or buying to achieve short-term profits and the like, because from several well-known investors who have invested in Bitcoin very often, we can also take the example that they also often use their money very wisely in any case. So those who sometimes forget to make their Bitcoin accumulation comfortable are novice investors who are so excited to invest in Bitcoin that there are one or two things they accidentally forget.

You need to correct me then maybe if I'm wrong, Bitcoin DIP happens in every 4 years cycle? If so, then why wait to catch the DIP instead of also making use of the DCA approach. You still don't know the break point of the DIP before Bitcoin surge, you might miss out. Consider the option firstly by starting the Dcaing then during the DIP any point you consider fit you buy wholesomely to hold.
We are always left on our own free will to choose the strategy but in the process we get to choose one which will put us in a better profit despite not being a fan of it.

I'm surprised, expecting a DIP in this 2024, I do no think so. The market is currently recovering and I don't think we should expect anymore DIP. The DIP which we have been anticipating is now at this price for those who earlier missed buy at the $15k+, $20k+ and $30k+ as long we are still below the last ATH, I consider it a good DIP for many investors to come in.

I taught this thread is about buying the Dip and Hodl? So why would they regret it if their intentions were to buy bitcoin and hold it for so long? Only those who went in for the quick gains would be disappointed. Any investor who is reasonable enough knows he is buying more Bitcoin because of what the price will be at the end of the year or in the next five years. I believe so many people were smart enough to understand that Bitcoin will not follow the hype of the approval of the bitcoin ETF to move high. In a logical sense, we were expected to see an increase in the price of bitcoin to about $50,000 after the announcement. But bitcoin is not a shitcoin it maintains its pattern and would surpass that price at the right time. I am expecting that before the week ends, it will go up to $50,000.

I see this as something that will make an investor not accumulate his Bitcoin comfortably because the investor will be saving the fund that He/she is supposed to use and settle his financial challenges and use it to buy the Bitcoin dip. Instead, an investor can reduce the amount of money he/she wants to use in accumulating Bitcoin through the DCA strategy and save the remainder to use and buy the Bitcoin dip. For instance, if Johnson is supposed to invest $50 every week in Bitcoin, he can invest $40 and save the remaining $10 to use and buy the Bitcoin dip.

The market at this point require some level of flexibility to be able to navigate through because the uncertainty are just too much. Take for instance, many people jumped into the market with the hope that the ETF approval will make price to skyrocket. Unfortunately, those who did this are probably in tears because some of them will sell and take their losses while some will still be holding hoping things will turn around.

Because of things such as we have seen in the market lately, using the DCA method is surely the best practice because those using it might not be caught up in the funny market behavior. They would have already entered some of their positions when the price was still very low and will not panic when the ETF minor pump and huge dump happened.

Anyone still doubting the effectiveness of the DCA method is not helping himself. Buying the dip is good provided the intention is to hold for long. Some people who bought around $45,800 thinking that was the dip are already seeing price go lower and continue to go lower. That means what seemed like the dip is not actually the dip.