Topic: Buy the DIP, and HODL! - page 357. (Read 123547 times)

I am a lerner in this thread. I am following this thread regularly and trying to learn all information related to Bitcoin. According to your information, if I buy some $0 bitcoins now and hold them long-term, how much profit can I get after 4-5 years? Can you give an idea?

I perfectly agree with you, the dip principle is apparently on assumption which requires thorough analysis following market trends and indicators. You can buy and sell all the time while making DYOR your watch word because price flauntuations and timing can be challenging even for experience investors.

Bitcoin is not a crop, Bitcoin is a digital asset that gives you total control over your money and no third party can decide when you can make use of your Bitcoin, and you can also send money to your friends at ease with Bitcoin.
Your strategy is only for the people who want to hold Bitcoin for the short term and this strategy will make you not get a good profit from your Bitcoin investment, and you can still miss out on Bitcoin because you will be waiting for the price of Bitcoin to drop, so you can rebuy but Bitcoin price keep make an upward trend. I will advise you to use the DCA strategy in accumulating your Bitcoin, the DCA strategy will also control the volatility part of Bitcoin on your Bitcoin investment. For instance, if you want to buy $100 worth of Bitcoin, you can divide the $100 into 10 places and use it to buy Bitcoin weekly until you accumulate the $100 worth of Bitcoin you want to hold.

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

If they sell when certain price fall happen even if this is low percentage I guess they are not well experience trader and they just trade its because they think its easy for them to gain profit. Maybe they should not buy bitcoin at that state since they could lose their money especially if they can't relax their selves on some movements happening in the market since everything there is normal.

They need to learn first and experience certain things since if they could able to get a lot of knowledge by trading bitcoin for sure they can cover up each scenario will happen to the market and even if there's a dump happened and they have holdings for sure they would think about accumulating and increase the size of their portfolio.

If they want to became a trader they should learn how to discipline their selves and learn how to create their own strategy base on the analysis we do since all of this will be rewarding if we can achieve our target goals thru the efforts we made there. So before acquiring do some good analysis first since this could help us build more better portfolio and have a chance to gain a profits.

I agree with you that here is a place where we guide ourselves on the strategies we can use to accumulate Bitcoin with our present financial capability. Someone can sell his Bitcoin because he/she is new to Bitcoin investment, and lacks the patience to hold his Bitcoin for the long term if he/she sees some profit from his Bitcoin investment.

People who know about Bitcoin are increasing their bitcoin portfolio. I am a lerner to this thread. I've been following this thread regularly.

I am a small businessman. I have often heard discussions about Bitcoin in various places but did not dare to buy Bitcoin because the price of Bitcoin is too high which I cannot afford to buy at once. I came to know about Bitcoin last year when the price of Bitcoin was around $21000 but despite my strong desire I could not purchase Bitcoin because I did not have enough money.

But when I came across this thread I was glad to know one thing. I understand that a small amount of money regularly used to invest in bitcoins and how can i increased my bitcoin portfolio.
 
This is a great opportunity for me. I will be able to grow my bitcoin portfolio regularly by keeping small amounts of money in bitcoins. By doing this, one hand my business will not have any problem and the other hand my bitcoin investment will also increase. I want to invest for long term. As my investment volume will be low in that case I think nothing to lose.

Yes even if @JayJuanGee has made his own analysis, it is proper that any investor should take out time and check if what the other person dropped is suitable for him or her. You have heard JayJuanGee saying several times that the DCA investment method is the best approach, but other users thinks otherwise by saying other methods suits them. JayJuanGee will only share what he thinks is right for him, which I think is an NFA for any one who decides to follow what he shares.

Getting started as soon as possible should be the only thing that one should be thinking to do next, but the interesting part is that not every one wants to get involved into Bitcoin because of the misconceptions that they have.
However, it is true that not everyone has a fear on Bitcoin that Bitcoin will crash and their money will be all gone and not come back again.
Although, one thing that I believe for sure is that as long as Bitcoin is fluctuating, it will drop and it will still skyrocket again, so what I am trying to say is that, even if Bitcoin drop now it will still rise again and as Bitcoin is dropping, it is also given some others who are yet to because an investor a chance to buy as much as they can and hold it for dear life.
Transaction fees can sometimes be the problem for some investors that are skeptical, but as for me I will likely say that it will be good for one to not think about the transaction fees and keep on investing every now and then as long as the money to invest is coming.

Is only a premature seller who sells his or her bitcoin when their is fall in price, bitcoin has a way it works, that's why one needs to understand it before investing in it, if you are lucky as a person who owns an investment in bitcoin,to experience price fall, I think this particular period should be your time to purchase more because the price bum again in a twinkle of an eye.

As a bitcoin investor, build your mindset towards acquiring more of this coin irrespective of what you hear from different media or people around, because this coin has come to stay, the only experience this coin can have is the reduction in it's price but in terms of value and transaction aspect nothing will happen to it, the foundation is so strong and reliable, my advice remains let's continue acquiring as much as we can.

Before @JayJuanGee gives such analysis according you it has make an inquiry concerning bitcoin, but it's proper for someone to make a proper investigation before bitcoin investment, unlike people doesn't care to extract information before investment and its one of the things that makes people to lose in any of their investment, a long-term investment is different from short term investment and its same research analysis that will determine the one someone will choose, the primary thing that concerns investment and also make you to understand tye risk is a research, when you want buy bitcoin you will find out the situation of the market price first before you buy, some buy when the price is high and sell when it's low, that is a misconception and miscalculation, when you analysis well you will buy and sell highers

This place is just a plan and a goal to implement to get enough opportunity to invest in Bitcoin long term. The advice you want to give is not correct Bitcoin is doomed if you try to sell it at this time. (Whoever thinks of selling bitcoins now lives in a fool's paradise) Selling bitcoins is not possible at all. You learn to accept and aim longer. Accumulate small amounts of bitcoins for a long period of time which will help you reach your goals later on.

Blaming someone can't make anything better so its just a waste of time.

Technical analysis is not really important for long-term investors in my opinion but these basic charts can give you an idea how much the price will grow so there is no harm in learning about the weekly average growth or whatever is suggested but as you said its your decision to make and invest only if you believe the bitcoin is going to become the future.

Whatever your investment journey, you should not blame other people, because as an investor you are not taught to be spoiled in looking for information so you only have to wait for advice from other people on this matter. Everyone must actually have the ability to educate themselves in any matter, including in terms of investment, so that any decision regarding their investment is an absolute matter that is born from their own mind and heart without having anything to do with other people.

DYOR must be understood by every investor quite well, because in the crypto market everyone walks with their own decisions even though they are always involved in discussions that attract the attention of many people so that all investors can also find more advice through any forums and groups. But in the end everyone must have the final decision on what they want to do with their investment, including determining when to sell and when to buy back under certain conditions.

Whatever that is shared in this place by anyone is mainly  for educational purposes and  references. It shouldn't be relied on or be taken as a financial advice. When to buy or sell your Bitcoin is strictly your call and yours alone. It is always advisable to DYOR before making any investment decision. This is very important so that if your investment goes either ways you will know it was your call and not have to blame someone else.

There is definitely a need to plan every task before doing it. If a sudden decision is taken without planning then there is a high chance of making a mistake. If we have decided to go on a tour somewhere, we definitely plan it before taking that decision. How much money we can spend, where we can start our journey and where our destination is, how long we will stay there are planned in advance. Such decisions cannot be taken suddenly without planning. We also need to plan properly for long-term investments. We need to plan how to invest, how much to invest, when to start investing, whether to invest in DCA method or any other method. When we can plan and invest for a long period of time, we are more likely to succeed in that investment.

The DCA method certainly has the advantage of randomly buying bitcoins. Let's say you plan to invest in DCA method for a certain week or a certain month, but if you get a large amount of money before the certain week or a certain month, why don't you invest that money in Bitcoin? Even if you are not investing in Bitcoin at the time, I will definitely invest in Bitcoin. I have complete freedom in investing, I invest when I want and when I have money. Most investors think that after seeing a few positive candles in the market, they wait for some negative candles. This is a wrong approach for long term investing as you are already investing with DCA method there is no need to invest based on candles like this.  Generally in the case of trading you need to have a good knowledge of candles, but in the case of investing, even if you don't have that much knowledge about candles, it will work.
You will definitely need money as you go through life, accept that you may need money in the future and then invest. In short term plan or long term plan you are never advised to invest your entire money rather investment is said to invest as much as you can afford. Income should be invested with such amount that if financial problems arise later one does not have to sell one's investment to solve financial problems. That is, what I mean is that it is not necessary to invest all the remaining money, a part of the remaining money should be saved for the future so that in case of future danger or financial crisis, the saved money can be used to overcome that danger or financial crisis.

That's very correct, same pattern doesn't necessarily mean same results and just like you said it's like a guide to actually make a thorough decision on your own. The accuracy of these pattern not repeating itself is always there and that's what makes it unpredictable although sometimes it aid but there is no certainty if it's gonna happen again so one shouldn't be completely reliant and think that whenever you see these signs there is certainty to take or make decisions base on past records sometimes and I mean most times you would be surprised what the outcome will yield.

This is enough reason why I keep trying to convince people into having even the slight knowledge about Bitcoin not referring to the technical aspects of it but first considering first on how to buy and also when to sell Bitcoin, like what strategy to apply, is it by DCA, Buying in lump sum or by buying the DIP choosing which is best to accumulate more efficiently. Also knowing where to hold Bitcoin after buying from the exchanges, having the knowledge of holding huge amounts of Bitcoin In an exchange is risky and should be transferred into any of the hardware wallets.
Mr @JayJuanGee dropped a tool here which may or may not be that efficient enough to calculate based on the 200 - Week moving average on when to buy and also when to sell.
Lastly, knowing that Bitcoin investment is usually for a longer term and patience is needed even when the market falls in bearishness, this is understanding how volatile Bitcoin can be.

I guess this a proper definition of a short term investors , a little drop gives a fear of not making profit or enough profit as expected to when they will be opting out or maybe the noobs who invested as a result of trend out there, they are only after short term profits  as their name implies  so, they easily get carried away by their  emotions when the price drops below their entry point.

Anybody who sells his Bitcoin because there is a drop in Bitcoin price doesn't have any knowledge about Bitcoin. That person only invested in Bitcoin because he/she saw a testimony where Bitcoin has made some people rich, and the person thinks that such a thing will happen if he/she buys Bitcoin and holds for a short term. By the time the person accumulates his Bitcoin, with the aim of getting rich soon and when this doesn't happen he/she will likely sell off his Bitcoin even though he/she is at a loss because what he/she was expecting from his Bitcoin investment did not happen.