Topic: Buy the DIP, and HODL! - page 38. (Read 138749 times)

You may be confused by investing based on particular information. Bitcoin does not tempt you to the point of being completely immersed. If it is easy you can practice saving Bitcoin along your path, which may be financially suitable for retirement. Try to avoid getting bogged down in misinformation on the market and social media. Bitcoin is for you which is the DCA strategy. Within the limits of your expectations and assets Bitcoin savings in the DCAing method can be compared to the vastness of the sky. Through long-term savings which is to get decent holdings you have to practice yourself to save Bitcoin along your road.

It's better to take the risk now and invest in bitcoin than taking the risk of not getting started right away when you have your discretionary income ready. This is because whatever risk you take now to start buying and building your bitcoin at this current price is not a waste of time or resources since you are investing in the long-term, and your bitcoin size will be in a better position than waiting for nothing, just because you have some waiting idea.

An new investor or someone who is still accumulating bitcoin shouldn't think of selling when the price is high because he hasn't reached his bitcoin target an don't have more than enough Bitcoin in his possession, so that he doesn't destroy what he has started building for the future.

The sentiment of the market is traced back to Bitcoin itself - it's not hard to see where the crowd is cheering, in fact.
But the main thing to remember is that everybody is following their own agenda - be it pro or anti-Bitcoin and crypto figures.
So they may say all they want, but you truly need to get yourself the facts and theory that would enable you to operate yourself, just listening to the news that are arising here and there.

Investing in bitcoin with the idea of what people think or what people predict the price of bitcoin will be in a given period of time is not good, so that if it fails to achieve that predicted price, you will not get angry and be forced to sell your bitcoin at a loss just because it is not what you were told that happened. Bitcoin investment should be done at your own free will and what you believe bitcoin would achieve in the long run so that you will be responsible for your actions in investing in bitcoin, which will guide you to continue holding your bitcoin for a long time even though there is a dip.

Dump is there to buy the dip and move forward.
Bitcoin is there to instill hope into the market and be the bulwark of crypto.
These simple truths come and click to people once they've been for a while on the market and learned much from the space in general.
 
Downs are temporary, but Bitcoin's bright future is eternal.

Bitcoin is currently worth $95K, and at this price, buying Bitcoin is an ideal price. Those who research the future potential of Bitcoin know very well how valuable Bitcoin is going to be in the future, and they will not miss this current opportunity in any way. now, every investor should not be too worried about the temporary fluctuations of the market and take advantage of the opportunity. Because they how much more wait fot the dump, they will miss that more opportunities.

I don't disagree with what you have said but I will not support the idea of sounding compulsive when persuading someone to invest in Bitcoin because there is never a wrong time to buy Bitcoin. Bitcoin will be here today and tomorrow and there will be many new participants in the future as the price will continue to get better. So rather that compelling someone to buy Bitcoin now, we should spend more time educating them about the importance of getting involved and the right approach of investing in Bitcoin else some of them will buy now and expect profits the next day because of how we hype the profits of Bitcoin.

A process like the DCA method, which stand out as one of the best any new participant can adopt, does not have any form of compulsion in it rather it makes the investment process an ongoing one and also encourages the investor to think more of buying than expecting some quick returns. This is what we should be encouraging new investors to work with and not the other way round.

A person either goes for DCA or buys in lumps due to not searching for the average price.
Because he will hold till he still gets out with a good PNL.
But from a perspective of the stability of the investment - it's better to apply DCA than to use only the lumps to buy dips.
For each - there is a path to choose on the market 

Buying cheap is the target of all investors but Waiting for the perfect low price can be a time wasting strategy as prices may rebound before you buy. To avoid missing opportunities, consider adopting a Dollar-Cost Averaging (DCA) strategy. This approach allows you to accumulate assets consistently, regardless of price fluctuations, focusing on long-term investment goals.

There is no perfect time to buy so waiting for the right time to is a waste of time and you’re only risking to buy at a higher rate instead of buying at a more cheaper price. With time the value of bitcoin keep growing and so the best way to invest while not wasting time trying to time the market and know the perfect time to buy is to use the DCA strategy that way you have absolutely nothing to worry about other than sticking to your plan of buying at regular intervals.

I don't see anything misleading concerning his statement maybe you didn't read well to understand what he's saying, you both are on the same page cause his question State "so is it not cheap to buy now?" and not the other way round, stating that there's a possibility of Bitcoin rising by January alone should've made you understand that he aware that it's more cheaper to buy at this point. Anyways, it's very true that we're still at the early stages of Bitcoin therefore I don't think anyone should be scared or worried about the price or even want to wait for more downslide before buying, while waiting the person would definitely miss several opportunities, the market has given us the opportunity of buying more so it would be best to seize the opportunity now and even buy more if it the price decrease more, that's considered as more buying opportunity. If you notice, big institutions and top business tycoons are still buying so i wonder why individuals would be having second thoughts instead of seizing this buying opportunity the market has offered.

All you where saying was quite ok too me until you said this, so I just want to make a correction here, because it can be misleading if not corrected.
Bro it's very much true that Bitcoin value can go even further up by January, but it's still very cheap comparing to how much Bitcoin can go in the future, let's take a look at Bitcoin and it growth over the years, it shows that it hasn't even gotten close to it peak price, so if you acquire it now and it later went as high as a million dollar in the future, isn't it very cheap acquiring it at this current market price?
as long as you are a long term holder and you knows the true potential of Bitcoin, you will gladly buy it now knowing fully well that the price you are getting it now is extremely good comparing to what you might gain in the future.

So in essence of what am trying to say is that bro, now is the best time to buy Bitcoin because we are still in it early days, so I believe that any price you get it now is still very cheap comparing to the value it might skyrocket to in the nearest future.

You are wrong; I know everyone wishes to buy bitcoin at a low price, but that is not possible because nobody knows exactly when bitcoin prices will decrease, so the idea is to consistently accumulate bitcoin with our discretionary income in such a way it will not stop us from solving our daily expenses and hold it for 4-10 years or more because any investment that is not up to 4 years is a short-term investment, which is not advisable for anyone to adopt. Always waiting to buy the dip will only delay you from accumulating bitcoin consistently because you are not sure when it will happen, so I would prefer to accumulate bitcoin with the DCA strategy because it also gives you the opportunity to accumulate bitcoin in the dip, and you will not be worried about buying the dip because the DCA strategy has you covered.

I want to believe the name Newbie is affecting them and I want to also believe that to an extent they don't still understand the market or the potential of Bitcoin. Some newbie view or see Bitcoin as other cryptocurrency coin that once they dip or fall they won't go up or increase again and this is what is making some of them to be skeptical and indecisive and again some newbie are not interested in holding for years they are interested in investing and making profit the next day which is not what investment is all about I hope they wake up one day and see what Bitcoin holds in the future.

High selling trend looks like short-term trading and I am more reactive to long-term holdings. I expect I will have to continue depositing bitcoins as per the DCA strategy. If the price of Bitcoin goes into a dumping trend, it should not be alarmed because you have to believe that you have chosen the best investment and that Bitcoin has always resulted in bullish periods for price recovery. I agree with you that DCA is the best way to deposit bitcoins. But you should be regular every time for purchase regardless of price. You should expect to buy at sinking prices as this period helps reduce your UP and is the best opportunity to add bitcoin units. Depending on the market conditions you should tend to increase your holdings through lump sum buying and keep long term holdings. The price of Bitcoin will undoubtedly increase in the coming days and it may be more motivated to continue the phased accumulation and the skyrocketing price that is currently crossing the bearish. If you have demand for DCA with long term cycle then risk level is close to zero.

From your forum registration date you are supposed to know that waiting for dip before accumulating Bitcoin is not an investment method but gambling/trading strategy and this could also mislead who want to accumulate Bitcoin now not to because your have already told them not to because you believe that bitcoin price at $100k is high what will then advise them if bitcoin price is $500k I will tell you mate this should be an opportunity to start accumulating Bitcoin for it is now that those who are new into bitcoin investment should accumulate waiting for bitcoin to dip may probably kill your Bitcoin investment plans because you might be waiting while bitcoin keep going high, if the money to invest is available you can start with little amount using the DCA strategy where you can be accumulating Bitcoin gradually either weekly or monthly irrespective of Bitcoin price and hodl for long.

You can be waiting for bitcoin to dip while the money meant for investment can be taken away by unforeseen or unexpected issues so the best thing is to invest in bitcoin now since it is for a long time purpose then when the dip comes it will now give an opportunity to accumulate more Bitcoin since you will be buying at a lower price.

This is also a misleading statement you must really be a gambler because that is a gambling strategy always waiting for market dip before buying very wrong change that mindset if you want to grow your bitcoin portfolio.

Surely the the market dip differs, there are dip that are greater than each other and are rear to see. We may often see %-4 or %-5 and there are times the market may dip by %-11 %-15 or even %-20 so surely a person who bought bitcoin during this period of higher dip would have accumulated more stashes compared to a person who bought at lease dip of %-4. This is the example of some dips.




I could also remember some bitcoin crashes that happened some time ago which where a good time to buy the dip. 7 bitcoin crashes

You sound more like a trader than a long-term investor in bitcoin. As far as you are investing in bitcoin for the long term, there's nothing wrong as a newbie if you start accumulating bitcoin at $100k because you know if bitcoin decreases in price, the DCA strategy will give you the opportunity to still accumulate bitcoin at a low price. And someone who is new to bitcoin investment doesn't need to wait for any bitcoin dip to come before he or she can start investing in bitcoin. Since a new investor in bitcoin investment is a low coiner, it is better if he or she starts accumulating bitcoin with the DCA strategy on a weekly or monthly basis right away when his or her accumulation money is readily available, which will allow him or her to consistently accumulate bitcoin more than the investors waiting for a dip even if bitcoin is increasing or decreasing. For a newbie to wait for a dip is totally wrong since anyone is certain if a dip will happen today or tomorrow, and if care is not taken, the newbie might change his mind not to invest in bitcoin again in the process of waiting for the dip, so it is better to get the game started than to wait for a fucking dip you are not certain of happening. 

This buying at the dip is just an excuse for people especially if they feel unsure about what they are doing or just totally afraid to buy since they always think about they are buying at the top. Those feeling will result to something bad to them especially if they missed out certain good events happening, That's why instead of being so skeptical on each situation happen and regret why they didn't take any good action better for those people to start on their investment. Since for sure once they start they would do further more research to increase their knowledge which provably can help them became more better investor. People should know that there's nothing wrong if they buy at the top or dip especially if they plan to hold Bitcoin since the aim is to gather lots of volume after 4 - 10 years and not getting quick profit since they might not get the result they want if they aim for short term only.

But in the end, the ideal of being in bitcoin is for the long term so it really doesn't matter when you buy at $100k or even more when we already want to invest in bitcoin then we must be prepared with all the risks that occur including for the temporary decline that occurs because our goal is for the long term not for the short term.

Keep in mind that we are in an investment that could take even up to 5-10 years so that the results are maximized so that in the end the current price benchmark is not a problem as long as we can afford to buy even if it's still at $100k why not?

Indeed, we must also expect a lower price and that is considered ideal by some people by buying on the dip but that clearly must try to wait even maybe the possibility can happen or not so as long as we can buy regardless of the current price and decide for the long term then I think it doesn't matter when we buy at $100k because it could be that the price we consider expensive today in the future will be considered cheap for bitcoin.

The ideal is always to buy cheap and sell high, buy in the dip, but what do you expect it to go down like before? Without a doubt, the DCA method is the best. Even with the current market, the price of BTC, if I have the opportunity to buy, I would do it. The price doesn't matter to me, what matters is having BTC no matter what, even if I buy a little, If it goes down, the idea is to buy more in the dip. That's the idea. I respect everyone who is looking for or hoping to buy in the dip, but this year is already ending. It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.