Topic: Buy the DIP, and HODL! - page 361. (Read 108501 times)

Perhaps if you are using DCA strategy I see no reason why we should focus on buying dip, I no that accumulating during dip is also one of the best time but with DCA strategy we don't need to wait for a dip to come before we could start investing on Bitcoin. However accumulating on dip is for mostly those that lump sum because they want to buy everything at a stretch so they consistently observed and watched the market to see if there is any dip for them to lump sum.

So I think it will be more better focusing on DCA strategy because if you plan on accumulating Bitcoin waiting for dip, you will have to wait tirelessly on the market and the possibility of the price dipping is not certain however making you to miss out the buying opportunities.

However your strategy of buying and selling if the price peak is a very wrong strategy because is more like a gambling strategy because the chances of making profits is very minute, so perhaps instead of chasing the Bitcoin price that could caused you emotional trauma or panicking seeing your investment going on a wrong direction perhaps you could save yourself those stress by only focusing on investing and holding.

And all your comments are great! Don't worry, there is still plenty of time and the market always provides opportunities for anyone if they really want to invest with BTC anytime and anywhere. All one has to do is set up an account by both traders, investors and the general public around the world. so they can start investing bitcoin .

Btw.. I also follow the development of discussions regarding DCA techniques and methods and this is seen as capable of producing modest returns later, even though Bitcoin is now selling for tens of times its price at the beginning of 2017.

Planning is main factors how to be success when investing in bitcoin but don't forget with another important way about hard decision keep accumulate and investing in bitcoin what ever condition of bitcoin although in lower price. Many investor have good road map or planning for investing in bitcoin but many of them afraid when getting moment bitcoin in lower price but not braveness for put their money in bitcoin. There are not important with how your planning have been schedule for long time but you not brave for accumulating bitcoin as how many possible.

Good planning, brave for taking action its most important if want to be success in bitcoin investment, based on my way although still not success yet but with 100$ accumulate every month seems promising for few years later to earn much profit with bitcoin investment.

I agree with you that investing in Bitcoin while learning is more suitable for people who are new to Bitcoin.  In that way, they have a feel of what it means to be invested in Bitcoin and how best they can chanel those knowledge into practical use. Learning never ends because everyday comes with new discoveries and innovations. So, it is always better to start investing in Bitcoin even if with the least amount we can afford to set aside for investment, while seeking wider knowledge. 

Experience in Bitcoin is not measured by how much of articles or journals of Bitcoin one have read buy how one have been able to navigate the turbulence and process of evolution of Bitcoin amidst the various negative news and fears.

That's true mate , lots of investors out there are making the mistake of actually holding shitcoins and as if that isn't bad enough, they  do hold these so called altcoins  for a long term investment which of course we all know the outcome of such projects If they go long term@DUMP.
 Bitcoin is the only coin that would be preferable and can survive a long term investment and it has proven that over the years. Buying and holding of Bitcoin is probably the best investment one can get there hands and since it's has proven it's stability in the market, there is no fear that Bitcoin will fucked you up but that's if their is proper management and planning because even to HODL Bitcoin for long term isn't that easy as it sounds. It requires thorough discipline because at the long run of your investment you might end up selling some part of your investment if you are not discipline with your investment in Bitcoin.

Buying on the dip is a great way for you to have a chance to make a profit in the future. And in this situation, timing is needed, or you should know how to feel or when to buy and sell.

There are many who do this technique and are still doing it today. Especially for beginners who know how to time a purchase, they will surely make a profit in the future. As long as you buy it, just hold it for a long time while studying it, and you're just getting to know it.

That's the simplicity of it, shitcoins doesn't cut it when it comes to holding of coins and everyone who is doubting should just try and track back at some of the most speculated big time altcoins that eventually turn out to shit project. If there is any coins in the crypto space that is worthy of holding it will be Bitcoin which has proven it self by sustaining it's value and maintain its reputation in the crypto space. As for holding of Bitcoin, like you said the long term investor are the real deals although short term holder are also there but most of them do tend to lose out their holding to that gamble related activities called trading because they do tend to trade their investment inorder to add up some value to it but at some or should I say most instance the trade system gets most of the coins. If it would advisable for any Bitcoin enthusiast, I would advise to go for long term investment and use the DCA strategy and back it up with the capability to actually buy the DIPs and HODL .

Pardon and do correct my use of the word crypto if not properly put in place

I agree with you, actually the main factors that determines every successful business is planning, however that's why they said "he who fails to plan, plans to fail", planing is very essential that without it a business could fail.

One of the major factor behind every investment failure is improper planning, because is not possible for someone to just wake up one morning and decided to invest on Bitcoin without putting something in consideration such as knowing the potential of your investment, having a diversified source in case others did not work, knowing the risk and how to avert it and most importantly always having a reserve funds.

or 4000 usd worth of doge turns into 1.4 million usd

which happen from 2019 to 2021

Pretty good points.
Because in this case, even though we have a good initial plan, of course we also have to continue to think in making the investments we make because of course there are experiences that we must make as an evaluation of our journey every week or every month.
Because in the end it will also be a good enough support to make our situation more optimal than before. the worst possibility will always exist and the experience we get as long as we are in the investment we do it will be a shame if it is let go by because however there will always be lessons learned, especially for compiling and improving what is lacking from our original plan to be more perfect than before.

Someone who is unfamiliar with bitcoin must of course have a companion in studying Bitcoin and he can also learn while investing in Bitcoin. Maybe for now there is enough education about Bitcoin that they can learn so that there is nothing that makes them have to turn away from Bitcoin. They can start with a smaller investment considering they are still in the learning stage and the best option is of course to do DCA regularly with a value of $10 for every purchase they make.

Yes, everyone has had quite bad experiences in their past, but they can improve on those experiences to learn from their mistakes. For that reason, I don't think there's anything wrong with giving advice about the correct investment method for them in preparing a long-term plan.

True, but you don't literally have to categorised it as short and long term, since you can accumulate daily to get to your desire investment plan amount.
I prefer you use the term accumulate to your desire investment amount, this makes simpler for everyone to get your point easily.
Sudden change of price does not affect short term and longer term investment but only traders. Also wondering someone who is HODLing bitcoin will now be affected by FUD, someone HODLing should have set an investment plan goal to achieve and not worry about FUD that leads to panic sell since bitcoin is not altcoin.

You are a Trader don't forget there are also something called long and short term traders

I agree that we shouldn’t waste your time on anything other than Bitcoin. I believe that even if he showed himself poorly in the moment with the Ordinals, his price will fly into the sky in any case, even if it takes many years. Even then, it will be ranked as the number one rare cryptocurrency. Therefore, my faith in him is strong.
I believe that the line between a trader and a holder is very thin. Yes, it lies in the frequency of transactions in the market. But if I can buy once a month with a pending order at the lows, and once a month sell at the highs (rarely too) - am I a holder or a trader?

First of all, let me be clear I am not here to buzz any shit coin and I am also the follower of HODLing strategy for years, as someone who gone through multiple cycles of bitcoin and I tried to suggest them to keep their goals realistic so then only it is possible for them to achieve their financial goal.

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Parting goals into long-term and short-term can also be applied to HODL, for example, let's take one year as short-term and 10 years as long-term and their goal is to accumulate 5BTC. It is important to have a goal of accumulating a certain amount for every year according to their risk tolerance then only it is possible for them to achieve their ultimate goal of accumulating 5BTC.

If they don't have any plan but only have the goal of accumulating 5BTC at the end of 10 years their goal may look out of their reach so set the tone gradually then only it is possible to reach great heights as a bitcoin retail investor.

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Sorry for the confusion though about not using Bitcoin.

this is the reality of so many persons as they try to think that bitcoin is just like any other cryptocurrencies. And I think it might be as a result of the ban on bitcoin by government of different countries and because of this, people would want to shift into other cryptocurrencies just to be on a safer side but with the so many coin on advertised on YouTube and sent as ads when you search for bitcoin and crypto related stuff, it is very possible that so many person might have invested in so many irrelevant coin and might even hodl it hoping for a good return in the years to come.

To be honest, the term "hodl" should only be used when talking about Bitcoin. I don't see a good reason why someone would want to hodl a bag of altcoins or rather shitcoins whether for the short or long term. In the end, it often results in having worthless assets. If someone decides to hodl Bitcoin, it's better to aim for the long term, as short-term hodling suggests trading, gambling, or using Bitcoin for quick profits, which can be risky. If someone wants to hodl, it's wiser to do so in the long term and accumulate Bitcoin using a strategy that suits them best.

Bitcoin hodling is divided into 2 which obviously is the long term hodling and short term hodling However I will classify Short term holders as traders and long term holders as the real holders as the long term holders represent the true image of Bitcoin enthusiasm as long term is what hodling really means. This does not apply to other shit coins as they can't be trusted like Bitcoin and therefore they can dip at any time leading to great loss trading with shit coins is still not advice.

There are people who still apply the principles of investing in bitcoins to every other cryptocurrency. It is a big mistake because due to the misunderstanding, so many people find themselves holding on to many useless cryptocurrency because they heard or read a certain advice to bitcoin investors to hold their coins as long as they can, so they think that it is applicable to cryptocurrency in general. These people are exerting energy to keep the wrong coin, and they will surely regret their actions when they learn their mistake.

I think that every crypto enthusiast will recognize themselves in your post at the beginning of their journey in the crypto industry. Nowadays, it makes little sense to constantly update the price of tokens, since in the current period it is rare to find such volatility as it was before.
When I came into the world of cryptocurrencies about 6 years ago, my first investment was in DCR (Decred), I bought these coins at night for 8 dollars. And when I woke up in the morning, they cost about 13 dollars! Therefore, it is not surprising that then I constantly updated the blockfolio - in a matter of hours my investment changed so much. Therefore, I think that everyone will understand why after this I, and many others, updated prices in their blockfolios.
But now, like many experienced investors, I invest looking months ahead (in my ONLY BTC investments), and I haven’t looked at the price chart so often on my smartphone for a long time.
Probably many people here have a similar path.

Yeah, but we are not talking about crypto here.  Fuck crypto.  We are talking about bitcoin in this thread, and quite a few of the long term principles fit with bitcoin, but if you try to apply the same principles to some vague bullshit ideas and who the hell knows what you are even talking about if you use the term "crypto?" 

If you meant to say "bitcoin" then why didn't you in order that we can at least know what you are posting about?   Are you posting about bitcoin or something else?  You did not use the word bitcoin at any one point in your post.


This is a fair clarification in terms of some kinds of investment principles and practices are going to be generally applicable across all forms of investing...   There still are needs to distinguish between timelines, which you seem to be pointing out... and so there might be some kinds of investments that people make that have very short timelines, and so the shorter the timeline, then maybe the distinction between investing and trading (even gambling) will become blurred if people are getting in and out of some of their investments because they consider them as short term plays.


The thread is a bitcoin thread. so that should be the focus, even though surely it is fair to sometimes make some comparisons and contrasts in order to make points or even to try to weigh differences, so long as we do not get too distracted into pumping shitcoins or speaking in such vagaries that some of us might not know what is being discussed, which is one of the problems of just throwing out nonsense terms like "crypto" in a thread like this.


The underlying theme of this thread is long term, so sure it might be fair to suggest that there might be better ways to make profits rather than just holding for the long-term, but then those kinds of deviations are likely going to cause us to deviate from the topic of the thread and devolve into ideas of trading and gambling, which seems to be a pretty damned slippery slope, and many of us already realize that trading and gambling is not really something that beginners (or even experienced investors) should be doing because besides taking us off topic, it is not easy to develop those kinds of more advance skills rather than focusing on more basic accumulation and holding skills.