Topic: Buy the DIP, and HODL! - page 367. (Read 123506 times)

Agree with you that only Bitcoin is worth holding for the long term. I don't believe their talk on social media where they make shitcoins their target to get a fast roi but in the end they lose their money when the carpet pull is done. Be wise in investing because making money is very difficult in the current era and of course 1 coin and that's Bitcoin which is worth buying and holding for decades to come.

There have been many cases that happened to those who bought shitcoins but they really didn't realize how to correct their mistakes. As we have seen, Bitcoin has a good trend in its price movements and that is an opportunity for us to continue accumulating Bitcoin at low prices. Advising them sometimes doesn't mean much but I always say stay away from shitcoins because everyone has made mistakes and that's a meaningful experience that can change someone's thinking.

What you are saying is not so obvious.

And it is always the case that the BTC price might go up, might go down and might go sideways, so sure there is nothing wrong with the idea of being as aggressive as you are able to be, but it seems to me that a person should still strive as best as he can to prepare for any price direction that can come. DCA can do that, but also lump sum might also be a good idea for those who have lump sum available, but if they lump sum everything they have then they are not really preparing for down.. but at the same time, if they have their emergency fund in place and they have a cashflow, they could lump sum in and still be able to buy regularly at whatever the price happens to be, in the event the price goes down after the dip.

There are a lot of folks who have had months and even years of down in the value of their BTC portfolio as compared to how much they paid for their BTC, and so far, these matters have always worked out in a few years at most for those who had ONLY been buying and not engaging other tools, but sometimes if they lump sum at higher prices, it could take longer to get out of the negative if the BTC price were to move against them.

In any event, there is not likely any one answer regarding what aggressive means in practice and how to apply such aggressiveness, exactly.

Yes, we have seen right around 2.5 months of the BTC price going up without any significant or meaningful corrections and we have the sense that the BTC price will not correct more than 10% at this time, but we do not know. .and we also don't know if the BTC price might double and then never come back down (which also is not a likely scenario but it is a possibility).

Myself I just learnt that word "the waiting camp" today from @JayJuanGee. Not only that these set of people are waiting for their perfect entering price, they also engage in drawing several lines and making meaningless predictions about price movement, sometimes it goes their way but the shocking thing is that they won't still buy instead they will start drawing another lines. At the end of the day you will find out that they have miss out the chance of buying Bitcoin and may also end up deceiving people who listens to them from buying Bitcoin. It is better to act now than to keep waiting.
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If you waited for 2 months and now you are buying, then you still have to be careful regarding how you do it. 

Of course, if you have been buying for the last 6-12 months, you are feeling pretty smart right now, and even if you have been buying for the last two to three years, you are still feeling smart as long as you continued to buy through the whole times.

The ONLY ones who might be feeling like dummies right now are those who made lump sum buys at various points in 2021 when BTC prices were higher than now, and they are just waiting for the BTC price to return to those prices so they can get out of the red.. however those who continued to buy have brought down their average cost per BTC to quite a bit lower than what their entry price would have had been, and sure maybe some of those folks are regretting that they did not bring down their cost per BTC more by having had been more aggressive, but now it is seeming too late since the price is returning higher.. at least for those people, but at the same time, they don't really have a choice.  Each of us can ONLY decide what to do based on today, and we cannot rewind the clock to do what we should have had done at earler times.

If anyone getting into bitcoin today has an investment timeline of 4-10 years or longer, then surely those people should be getting in and getting started rather than waiting.. . and the ones who wait may also be similar to altcoin pumpers or bitcoin naysayers or no coiners or low coiners, but each of the categories of kinds of people is in a slightly different camp regarding why he is failing/refusing to sufficiently/adequately buy bitcoin... and the really scared ones might just want to start with $10 per week rather than starting with $100 per week, yet one of the problems of under-investing is that if the BTC price goes shooting up, then they could end up causing themselves regret because they had been so whimpy in their investment and they convert into FOMOing into bitcoin at higher prices because they failed/refused to sufficiently/adequately prepare for up when they should have had been (when the prices were lower.. or just on an ongoing basis for years and years and years, and then after a while they might see the benefits down the road. .but the benefits may well not end up happening in any kind of immediate timeline.. except maybe some people investing in the last 3-4 months might be feeling some immediate pay outs, and even those who started a year ago, they likely feel ongoing payouts because the price went up a lot in the last year, just short of 3x.. so far).

So some people do end up getting lucky but not necessarily realizing that they were lucky that the price went up, but sometimes they do not accumulate enough coins because sometimes they get lazy (in their BTC accumulation) when the BTC price is going up.

When I reconsidered my entire journey as an investor, I realized that I was tired of looking for new coins, listening to the advice of “professionals” and at the same time losing money every time on unsuccessful investments, then I decided not to chase an insane increase in my deposit, but simply invest in Bitcoin.
And only into him.
Oh, friends, how much criticism I have heard addressed to me!
“Everyone multiply deposits by 100 times until your Bitcoin makes x 2.” And a lot of similar things.
BUT all this was at a price of 28k.
What is our price now?
And where are these advisers?
They shut up now.

And I want to add that I really like investing in Bitcoin because I am always calm, because I know that various altcoins will die, and Bitcoin is the last immortal stronghold.

We need to cultivate the habit of investing and carefully handling the money that we have invested in bitcoin. They say the habit is formed after three times, and that's how I learned to save and invest. I am not rich, and I think the amounts of my first monthly investments would make you smile, but nevertheless I am now also in business, and recently I managed to replenish my wallet so that I do not believe looking at my Trust Wallet.
You are right, you cannot sell at the first growth of any token in a long time, and of course bitcoin. Today he pleasantly surprised us all, as he has in recent weeks, and this is great, because now is the time of miracles. And friends, I want to tell you that I am proud of myself that I am not investing in strange altcoins, but in the first and main crypto coin - BTC.

Speaking the whole truth, this is the quote that called my attention, if you don't have any bitcoin at all, then you are not prepared for it up.

However, that's correct. I agree with that because that's absolutely correct, and it is the same as one can not call him or her self-investor, if he or she has not invested anything in Bitcoin.

I have seen some threads (discussions) whereby someone sold his or her house, phones, wife's jewelry and lots more just because they want to invest in Bitcoin. Although I am not in support of selling things to invest in Bitcoin, because if anyone should always sell things to invest in Bitcoin, that means the person will have to sell everything he or she has and even if they get big profits from Bitcoin the future and finally use the profits to buy some kind of things he or she might need, the person will still sell them to invest in Bitcoin again. So working and getting paid is the best way one can get money that he or she can use to invest in Bitcoin and not selling properties.

This is the problem that some people have instead of getting started, they keep on waiting for the price to come down to their own price which they have in mind, as if it is possible to know the best price of bitcoin. I think such people are not serious with getting started because if they believe in bitcoin and want to benefit from it, they will know the value and see getting started immediately as an advantage for them to buy if they have the funds already.

Such people must regret it with time as they will be regretting later that they were remorse of buying now, just the way some investors who knew about bitcoin earlier are still regretting now that they couldn't buy bitcoin when it was $100. Waiting for when you think is cool for you to get started because of the current price is a big waste of time because who knows what will be the price of bitcoin tomorrow and if it wouldn't come down to their expected price, so it means that they wouldn't invest and the will miss out the opportunity of investing now and make profit in the later. It is better to invest now and continue growing your investment gradually with constant DCA, than just keeping the money in fiat because some unforseen challenges might occur and you will end up spending the funds for investment to solve that problem.

If you have already invested, and intend to hold for long term, you must have made preparations to make sure that there is available reserve funds to take care of any challenges but because you didn't invest, you will not have any plan to grow your investment so the funds on you can be spent anyhow base on whatever challenges that comes your way. It is better to get started with little than not investing and keeping fiat in the bank because it will depreciate and bitcoin is not just an asset but also a store of value.

Myself I just learnt that word "the waiting camp" today from @JayJuanGee. Not only that these set of people are waiting for their perfect entering price, they also engage in drawing several lines and making meaningless predictions about price movement, sometimes it goes their way but the shocking thing is that they won't still buy instead they will start drawing another lines. At the end of the day you will find out that they have miss out the chance of buying Bitcoin and may also end up deceiving people who listens to them from buying Bitcoin. It is better to act now than to keep waiting.

I think now is the right time for anyone to buy Bitcoin. Though the increase might look as though you are already late in accumulating Bitcoin. But the major truth is, after some months or weeks this same price would be seen as the dip. So it's either you buy now or regret not buying now in the future.procastination for years has been the greatest enemy of success, those who procrastinate always end up not achieving anything in their life because, the time they should have taken steps to becoming great, they neglected it for ignorance sake.

The only wey you'll know we are at the dip right now, is after buying some coins and watch your profit increase after some months or years. Based on the exposure I have in Bitcoin, I now see yesterday and todays price as the dip, while tomorrow and the future to come will be the best time to reap from our investment we made. So if anyone would have this same mind set, I don't think using the DCA , or any other strategy would be any problem for that person anymore. Becoming aggressive in your holding wouldn't be a problem to your emotions even when the price goes sideways because, the price to come will always be greater than the former.

I'm just learning about that new word today "waiting camp" indeed. They are not far from the fearful, the skeptics,  the perfectionists that want to enter at the perfect price if such thing as perfect price exist. Price of Bitcoin will continue to go up and down because that is how the market is designed to worm based on demand and supply.

Instead of spending so much time on the sideline waiting when the funds are available, why not simply adopting the DCA method by buying some while keeping part of the funds for future buy, in this case one is not only waiting for the supposed perfect price but already doing something now and maximising the opportunities the market offers now. The disadvantages of not being proactive in respect of Bitcoin accumulation is just too many.

For sure, so many people get very caught up in the idea of feeling that they need to buy at the bottom or that if a correction comes then they are going to look silly, but when it comes to bitcoin, if you don't have any bitcoin at all, then you are not prepared for up, and also if you have an investment portfolio of $10k-12k, and you have a job that pays you around $1k per month, so you have one whole year's expenses/income in your investment portfolio, then you also have abilities to prepare for UP, but you choose not to... so it just seems strange that some of these folks might not at least get 1% into bitcoin, which in this case would ONLY be $100 to $120, and sometimes if they cannot muster the amount up right way, then just buy $40-60 right now, allocate the rest for buying on dips, and then start buying $10-$20 per week... and at least that is something.. and yeah it takes some time to get all of this set up and to get used to it, but if you have no bitcoin (or if you are way under-allocated in bitcoin), then you are not sufficiently/adequately prepared for up... even though you are supposedly prepared for down that may or may not end up happening.


Yep.. it does seem obvious. .that maybe some amount has to be put in right away, and so if you have $1,200 that you have already authorized to buy BTC over the next 6 months (based on cash in hand and expected cashflow), then maybe you buy $400 to $600 right away and the rest is DCA and/or buying on dip, with also an emphasis in DCA because if you are a no coiner or underallocated to BTC, then you should at least be buying regularly in order to be better prepared for UP.


Your use of the term "risk" is strange in this context... as if the way that people invest with retirment funds needs to fall into a different category.

Sure, retirement funds might have some special treatments by law, but it does not necessarily mean that they are "risking them" more because bitcoin becomes an option.

Another thing is you seem to be presenting bitcoin as if it were a shitcoin, which it is not.

Sure it is risky

sure it is volatile

but it is probably less risky than it is volatile, and the volatility tends to be towards the upside, especially if we look 4-10 years or longer, which perhaps a retirement fund might also have such an investment timeline, whether you are considering your own bitcoin as a retirement fund or if you are investing into a special category of funds that are treated differently as retirement.. because they cannot be withdrawn without penalty and because they receive special tax treatment, perhaps some forms of deferred taxation.


People have to protect themselves and learn how to sort good information from bad information in critical thinking kinds of ways, and it can take a quite a bit of time (and practice) to learn how to employ good critical thinking skills... and then also to be able to act in the right way after having had developed good critical thinking skills... so then thinking is coupled with various forms of action.


Happy that you have passed over 8 years of being registered in the forum, and hopefully, you did not get too distracted over the years because even for you, a mere $50 per week into bitcoin since late 2015 would have resulted in around $20k invested, with about 8.6 BTC, and surely even if you took a more modest approach (or if you screwed up here and there along the way), something around that would be a decent place to be.

You have take your time to understand the concept of bitcoin and also adopt the strategy that will give you the freedom to take care of your financial challenges when you are investing in bitcoin. You will not be disappointed in investing in bitcoin, bitcoin gives you the freedom to be in charge of your money and you can send money to your brothers/sisters abroad with bitcoin at a lower fee. What you just need now, is patience to be able to hold your bitcoin to the estimated year you mentioned. By that time bitcoin will be above $100k and you will be in good profit if you can hold till that time.

They don't have bitcoin because its their choice for not having any since maybe they are lacking with knowledge and understanding that's why they didn't came to the point to know more deeper in this industry since if they provably know how big the potential of bitcoin for sure those people will be more eager to know certain information about bitcoin. But sadly we can't blame them since bitcoin yet is not widely introduce by their local media outlets that's why it slip on their knowledge and focus on things that they are familiar on.

For some people got interest about it especially those retirees trying to participate and risk their retirement funds I think they see the potential to earn there. And can't blame those people because they just see the opportunity to earn while they are home and they are maximizing their time for knowing it but hopefully they found those right people to teach them so that they will not put in bad position and instead of earning they will be turn as scam victim.



Yes we are at great advantage especially those people caught up bitcoin while the price of it is so cheap way back early 2015 onwards for sure there's changes on their life especially if they go this far. That's why we are the living proof that bitcoin can change life and we just need to have guts also funding's to use for accumulation for certain period of time.

The decision you took was very correct. Especially regarding the loan you wanted to take, but was ultimately cancelled. Because investing in bitcoin with borrowed money is very risky. Whether it's borrowing from family or from the bank, everything is very risky. Because investments like Bitcoin can be said to have to start with very cold money. So, it is better to invest with the money you have, even with a small nominal amount, rather than investing with large amounts of money but the money is the result of loans, aka hot money.

Because we never know what Bitcoin will be like in the future. Even if you look at the current analysis, Bitcoin does have enormous potential to continue to experience growth. However, it would be very wise if we as bitcoin investors invest very carefully and reduce the risks.

So I totally agree with the decision you made in your bitcoin investment. Even if you invest a not too large amount every week (DCA). However, the money you use is really cold money that you can invest in a relaxed manner and you can prepare for the worst possibility (money will decrease/loss). And by consistently doing DCA every week, you will definitely enjoy the results in the future. So don't ever think that you are investing in Bitcoin with a small amount. Because as the saying goes, little by little over time it will become a hill. So you have to remain consistent, friend.

Those who move at the pace of a tortoise in investing should still move at the pace of a hare in investing and should move at the pace of a tortoise in holding investments. If there is enough money to invest then the faster the investor invests the better but if he has no money to invest then it is a different matter. 

That's why I mentioned the tortoise and the hare because if we take the slow approach of the tortoise when it comes to holding investments, we can hold our investments for a long time. This is why I gave the example of rabbit speed in investing because over thinking can change your opinion and if you have cash for a long time it can be spent on different needs. Our thinking in investing should be such that our investment is planned for the long term, so the more we delay in investing, the later we will be behind in investing.

Yes there are many people in the world who have enough money but they don't have investment in Bitcoin. There are also many people who have a relatively small amount of money but still invest in Bitcoin regularly. Some people don't know about bitcoin and don't know about investment so they can't invest even though they have enough money and some people have idea about bitcoin investment but they can't invest only because of money. But what I think is different for those who have no idea about investment and those who don't know about it but those who have idea about investment even if they don't have enough money they somehow manage money and invest in Bitcoin. 

Investing in Bitcoin requires a lot of money but it is not like that. When an investor has that amount of money he can invest as he wants based on his money. A rich person's investment and a poor person's investment are the same only the amount of their investment is different. An employee can invest more amount of money weekly or monthly than a day laborer, but the amount of money that the day laborer will invest is the maximum on his part, that is, we should respect these two investors and these two investors are investing in the hope of getting something good in the future.

What's the point of waiting too long to regret investing later. Those who think too much about the market and those who think too much before investing regret not being able to invest later. There is no point in regretting the wrong decision later, the decision should be taken in such a way that you will not regret it later.

One funny thing about the waiting camp is that they will always end up regretting and they are always saying how I wished I opted in. Even while they are saying this they are still waiting without taking action immediately. For me provided the money for investment is available I don't see the reason to keep waiting for any dip, funny enough the current price now might just happen to be the dip of the week or possibly the month.

There are a lot of people in the world who don't have any bitcoin, and there are some people who have bitcoin who realize that they don't have enough.  Furthermore, there is a class of institutional investor and even retirement fund holder who is going to want to get some exposure to bitcoin, once they realize that it is being offered in their retirement fund.. and some of the people and institutions did not previously have easy ways to get into bitcoin, and some of them are realizing that they are going to want to get into bitcoin.. or at least some price exposure.

Those of us who have already been buying bitcoin are advantaged by already being in bitcoin, even if some of us might feel that we don't really have any (or enough) money to buy more bitcoin.. except as our cashflow comes in, whether weekly monthly or some other period.


Surely there is no timeline to get into bitcoin, but sometimes we will witness periods in bitcoin in which we realize that we would have been much better off to get into bitcoin and to establish a sufficient and meaningful stake, rather than diddly daddling around and believing that we have to know more about bitcoin or make other unnecessary preparations, rather than just getting started as soon as possible.

So, yeah, you can make your choices to wait or even to under invest or to wait for dips that may or may not end up happening.  Bitcoin is not always guaranteed to dip, even though we know dips happen, but sometimes such dips do not happen until after the BTC price has gone up stupendously, so then when the BTC price finally dips, it is not necessarily dipping lower than previous prices.

Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.

It totally depends on an investor how much money the investor can invest in DCA method. It is ok for you to invest $200 in DCA method but for someone else the amount may be more and for some investors the amount may be less. There is no fixed investment amount so every investor gets the opportunity to invest as per his wish and according to his ability. I have already cleared the point that an investor should invest the amount of money that he does not have to sell the investment later to meet his needs.
That is, if you are the sole earner in your family, you must know how much money you spend every month or week. The remaining money should be invested in Bitcoins, keeping the amount of money that will be spent every month and keeping some money aside for other needs. The remaining money beyond the expenses is asked to be kept aside because people may need money at any time or any kind of accident may happen and investors are asked to invest in this way so that the temporary financial crisis can be overcome with extra money at that moment. Bitcoin price has currently touched the highest in the last year and according to Bitcoin price this year.

Bitcoin price today touched around $45.5K. That is, the price of Bitcoin is now at its highest level, but investors have not stopped investing now because the market may rise further. When Bitcoin touched $40k for the first time last year, it was the highest price Bitcoin had ever touched and investors poured in at that time as well. Now past $45K investors will still invest and in the future if the price of bitcoin increases further investors will invest and even if the price goes down investors will invest. 

Regardless of how much the value of Bitcoin goes up or down, investors need to understand that their plans are long-term.

There is no time that is late for Bitcoin so being new to Bitcoin does not mean you have to be so aggressive without planning your finances. Remember there is no deadline to beat in Bitcoin investing, so it is best we go about it at our own pace in a fashion that is conducive to our finances as well as our needs.

Buying the dips is not a bad strategy even when executed with bulk funds but doing it as though you want to catch up on something at the expense of planning might be problematic in the long run. This might also make holding for long a kind of challenging. Maybe you are focusing on buying enough Bitcoin before the halving. Well, if the finances are there there I don't see a problem buying aggressively but care must be taken not to buy in a way one can hold without selling under panic.

An investor can invest aggressively and still not get affected, especially when he didn't over do it i.e he invested aggressively and still have his emergency funds and every other important needs available. It is just like I decide to invest $100 into bitcoin with ease and it will be as if I am not putting in money into somewhere. I can decide to increase my regular DCA amount to $200, but with this, I have to trim my expenses so that it wouldn't affect my monthly expenses and I will still have reserve funds for other purposes instead of me still investing with $100 because I want to be buying other things that are not necessarily needed.

If you just started your bitcoin journey, investing aggressively is good as long as it wouldn't affect you so that you can use a short period of time to have a significant amount of bitcoin. It is when you over do it, that is you invested with almost all your weekly income, forgetting that you will need funds for some financial needs that is when you will end up destroying your goal because when you are short of funds, and an emergency arise, you will be forced to sell your bitcoin at a price of is not of your will.

I frequently have a bit of a dilemma in terms of understanding how anyone with a very low income might buy $10 per week, and maybe there are limitations regarding how to purchase with individuals who might not want to transact in such low amounts, and surely those kinds of small amounts are not very practical with individuals unless maybe using the lightning network or some other way to get low transaction fees. but how does he make money to sell the bitcoin to the one wanting to buy it..

and then if the buyer is using some kind of third party custodian, such as an exchange, it could be problematic to send $10 and then to buy, and so maybe sometimes there might be $40 sent for the month, and then just every week, $10 worth of bitcoin is bought, or there could be some kind of cushion and the buys could be done manually or automatic, but there may well be a cushion in the account.. and then determining how many BTC to accumulate (or the dollar value) prior to moving them to a private wallet, whether that is $500 to $1k which is my current recommended amount, or some other amount, and of course, someone who is poor or just starting out in bitcoin may have some concerns about how to secure his coins on a hardware wallet or some other way of doing it, whether electrum  or blue wallet or some other way, and securing his back up too.


You seem to be making several assumptions that I am not making.

I am not using the term "aggressive" to describe all personality characteristics (or traits) of any particular person, but only in the context of how much a person might end up using all of his discretionary/disposable income to buy bitcoin. 

A person who uses 51% to 100% of his discretionary income to buy bitcoin might be considered on the side of relative aggressiveness (compared to the person on the other side), and of course there are degrees within how aggressive a person might be being and there are particulars about a budget that might justify various kinds of financial behaviors in relation to the maintenance, use and or augmentation of an emergency fund. 

So on the other side of the spectrum, a person who uses 1% to 50% of his discretionary income to buy bitcoin might be consider on the side of relative whimpiness, and yeah maybe we might say that a person who invests 25% to 50% is not being whimpy, but instead is being practical, and sure I could possibly concede to that kind of characterization of my chosen numbers, and I am just using 50% as the dividing line in order to make a point that these ideas are somewhat relative.

The mere fact that we might be using the words aggressive and whimpy in connection to someone's behavior in regards to buying bitcoin, it does not necessarily mean that the person is either aggressive or whimpy in any other way.. it is merely an attempt at a descriptor in which people have to apply their own particulars to be able to determine on which side they might fall and then even how far on one side or the other they might fall, and someone who is investing 20% of his discretionary income into bitcoin might describe his style as aggressive relative to his alternative self who would have had chosen to only invest 5% to 10%, so there are degrees, and we might not all agree about whether an approach is aggressive or whimpy or about whether it has gone too far in one direction or another or not.


It seems that I agree on this point.  Action is important, and frequently it is not good to be waiting around trying to figure out some kind of ideal entry point, especially for longer term investors, which goes back to the trite saying that: "time in the market is better timing the market."


I probably ONLY partially agree about this.

I do agree that trading adds some needs for some extra skills and maybe some extra time dedication, yet there could be some kinds of things that investors need to do and think about that traders do not need to think about, and even though I think that the investment approach is way better, including something like bitcoin, I some times can recognize and appreciate how people from poorer locations can get sucked into trading and shitcoins, especially if they have really difficult times earning very much money, so they could end up being able to figure out some systems in which they actually are able to earn more money based on trading and getting involved in shitcoins, but it is not something that anyone should think that he is able to do without a certain amount of additional preparations as compared with an investing approach... as you suggested.