Topic: Buy the DIP, and HODL! - page 394. (Read 137384 times)

Logically, if you want big profits then hold onto your Bitcoin. Yes, previously we discussed Grayscale and I don't care whether they want to sell BTC or hold it, but we have our own principles to continue accumulating Bitcoin. Let them sell or buy and that's their right because it's better that they sell everything so that other people have the opportunity to buy BTC at a cheap price. So far this thread has been mixed up with ridiculous things about them and that's no reason to think about what they will do.

Bitcoin is already standing quite strong and any big dump is not able to make Bitcoin go to Zero. So if you have a logical conclusion to accumulate btc in your portfolio then do it and just follow what you have planned. Many people are waiting for low prices so don't sell your BTC to them, hold on for a long time so you will see great success in the Bitcoin investment you have made.

Grayscale bought 635,236 BTC by September 14th 2022 at a price of $20,185, a classical case of Buy the DIP but in the words of @Wind_FURY, they were holding and not HODLing. Hence they started selling July last year when the price rose to $29,233, which is 45% profit, actually a nice profit for an investment that is less than a year. They continued the sell, even till this week and no one know their plans or target.


It might actually appear that they are booking nice profits from what we see so far but how well they can manage it is what will determine the end. The question is, will they be able to replenish their holding? Or they exceeded their BTC quantity objected and are selling part of the surplus to HODL the balance further? When will they stop selling and what is their plans for selling? Is their plans to sell and drop the price to buy again? These are questions that are not easy to answer as only time will allow us to know.

One thing that is certain is the fact that it takes a whale to move the market, a small investor cannot possibly go this route without being burnt unless perhaps he is well versed at technical analysis even when there is no guarantees that it will work out. Based on this, it is safer to HODL than to hold. The former seems to be long term target while later seems to be short term target which I supposed is what Grayscale is doing.

This is why you must have the believe in bitcoin before investing. Also having a bitcoin target and staying focus on your consistent and persistent accumulation through DCA weekly or monthly is very important as a newbie and you need to turn deaf hears on whatever anyone is saying against your passion of holding bitcoin. There are so many news that one will hear and so many discouragement during your accumulation stage, but let that not distract you from reaching your goal. If you also see bitcoin as a lifetime investment, and will be passed down to your children, this will even be better because you will not get carried away with FUDS.

One thing that I love in bitcoin, is that the more you are hodli and accumulating, the more you will begin to understand that if bitcoin dips, it will definitely bounce back due to your experience in market. I could remember that @JJG said that during his early days of accumulation, people made fun of him that he is wasting his time and money that bitcoin will crash. He even said that when bitcoin price got high in the bull run, someone I don't know how close the person is to him, though, told him to sell all and take profit but he refused and the person called him a fool, but look at it now he has grown his bitcoin portfolio to the maintenance stage now, who knows if he has reached the fuck you status.

Don't listen to any news or anybody when you are investing in bitcoin because a lot of people will discourage you from the media, friends and family but just stay focus and when you have grown your investment to your bitcoin target, you will see them as that fool that you were seeing you as in the beginning. It is your choice to decide if you will listen to fud or not.

Yes, we can also consider lost Bitcoin to be a big factor because experts are estimating at least 2.5 million of Bitcoin to be lost. It is difficult to predict any amount of lost Bitcoin but we have Satoshi's coins, we have so many stories from early Bitcoin people who have lost access to private key or are searching private keys in waste disposal areas like someone from England. He's searching his private key in a waste disposal factory.
Much Bitcoin is lost.

And it will only increase. Maybe not big amounts anymore but it can happen very fast to lose access to our coins.
Or when more people will have Bitcoin and send it, a small amount might be left at an address or forgotten, it can always happen.
Storing our private key safe is still very difficult because it happens frequently for people to lose it.

Lost Bitcoin will only increase and will reduce all circulating Bitcoin.

Yet an so curious to an extent on seing that some still believe the market is being manipulated, which means when we also buy or sell means we are manipulating the market, there needs to be an understanding that the more we keep buying and selling them the network will always keep being volatile and the way there's a change in both the demands and supplies will have an effect on the market price.

Another thing to have in consideration is the effect of this same buying and selling, when we hodl the coin without releasing them and this affects the market price, the  network itself will got to a stage or releasing more Bitcoin after halving to the market which will also make the balance between the supply and the demands rate for sufficient circulation until the entire coin is been mined and with this we keep seeing different market prices.

By under-employment I mean people whose salary is just enough for their basic needs and little savings but not enough to afford privileges like vacation, luxuries, even buying a house as they can only rent. Such people spend as much as 80% of their income on food, rent, school fees of children and normal healthcare but not serious surgeries. People at that stage easily resort to borrowing when they have serious emergencies which do not come always though. Unfortunately, majority of workers in my country fall into this category. Minimum wage in my country is about $30 with inflation at 29%, a country of 200 million people that have over 83 million people living below $2.5 per day. So my use of that word is a reflection of the realities on ground here.

Under this circumstances, the best an individual can do is inject max 10% of their income to Bitcoin while setting up emergency fund with the remaining 10% since 80% is already expected to be used for basic needs. These are just my estimations, there could be variations.    


Under-employed can still do $10 per week and still be fine with his needs. That one is under-employed does not mean he has no way of saving a little, just that such a person cannot do certain things that money can do because of financial limitations but nothing beats humble beginning. As a matter of fact, they even need the investment more if they have to remedy their situation.

Many investors still invested in Bitcoin when its price was below $40,000. Not everyone's thoughts are the same, so at this time, many people may not have thought about many things and invested, but those who have faith in the market must have invested even after the price of Bitcoin came below 40 thousand dollars. Some investors who didn't invest when Bitcoin was under $40K and invested when Bitcoin came back up to $41K or $420K may think that when the market was negative, they thought the market would just keep going down. But when the market started to be somewhat positive from the negative state, they again thought that since the market is becoming positive, from now on, the market will be more positive and the price of Bitcoin will increase. Those who invest thinking like this never actually invest with the intention of holding their investment for a long time, their objective is to invest and hold the investment for some time and sell the investment after a few days or at some profit. We can consider such behavior of investors in investment as trading. In trading it is like that those traders wait to buy coins and whenever they get a small opportunity they buy the coins and when the market is a bit positive and they make some money they sell again.

Those who invest for one week or two weeks are not really investing because investment is never short term. If an investor invests for a period of two weeks then he will understand the investment by investing in this short period of time. A week or two does not fall into investment. If a person buys bitcoins and after one to two weeks sells their bitcoins at some profit then we can consider that activity as trading. After investing we will not see a lot of change in that investment so there is nothing to get too excited immediately after investing. After investing one must be a patient person and have maximum patience. Whenever we can hold an investment for a long period of time, we will see a big change from that investment.  
After investing, if I read about the additional market and always see how many dollars I have profited or lost after investing, then it is never possible to hold the investment for a long time. If you want to keep the investment for a long time, first you have to stop seeing these excess profits and losses.

After investing in the market there will be bad news and good news and so on. There is a bad news coming in the market due to that bad news the market dumped a bit and the positive news came in the market due to which the price increased a little and due to the increase in the price I got some profit. We cannot sustain investment. Be it profit or loss our aim should be the same that we are holding the investment in long term plan and whatever the profit or loss we have to hold the investment for this long period. If retention is given utmost importance then temporary gains or losses will not adversely affect our investment retention.

Well, One thing is that when the market was below $40 thousand, many people didn't want to buy it and were a bit slow to invest in Bitcoin, many stopped investing but when Bitcoin is going back to the previous position and going to cross $42 thousand. then again people are buying that bitcoin. There are trading issues and it is not possible to say how the market will go up based on any news and when it will go up very fast but we have to understand that if we can invest slowly and if we can increase the amount of investment gradually then it is for us later. Good can bring an opportunity. Investing for one to two weeks in bitcoin investment is nothing but a complete fool, because investing for one to two weeks can lead to loss and gain, but the chance of loss remains one and the chance of gain is greater. . But if there is some bad news in between, then the price may drop again, then those who will be interested for one to two weeks will suffer losses. Therefore, I think you should wait for a long time if you want to invest in Bitcoin.



Remember that November 2021 is the all-time high price, we are waiting coming November to repeat this(but targeted $170k).

How can you use that to start a debate. Obviously, and logically, if the person is under-employed then his/her problem is not if/when/how to buy Bitcoin, but where and how to find his/her next job. Plus such a person would develop mental insanity with Bitcoin's volatility if all of his/her rent and shopping money is held Bitcoin. That person will be forced to sell.


I believe another critical stage is buying the DIPs of the bear market. It was there during 2019 and again during 2022. Currently if you are under-employed, it's probably better for you to save what you can and wait for a other cycle. OR you could get lucky and a Black Swan happens.

For that we need to be careful and if we think about using our emergency funds just to buy bitcoin we should assure for ourselves that we are ready for the consequences of the action we made and we have huge understanding about the market also how bitcoin move. Since if we risk all of that and think about its fine since we expect bitcoin will go up then we possible be fucked up with that and might everything we have might blow up.

That's why aside for long preparation and having a emergency fund set much really better if we are also aggressive learning a lot of information needed before investing on bitcoin so that we can save up ourselves to any negative possibilities and we would not easily get affected if there's fud scattering then here we are having a lot of bitcoin holdings since we provably lose with that if caught up by fuds spreaded by some people who want to destroy the patience of people trying to hold their coins for long time.

With those challenges its better if we could balance all important things needed to do so that we would not came to the point touching our emergency fund just to have money to invest on bitcoin again. We also know how to manage on our finances so our bitcoin investment will be smooth.

Things like this will happen with bitcoin prices because some people accumulate large amounts of bitcoin at a very low price. And when they dumped the bitcoin price, they always bought back more bitcoin. This has shown how important bitcoin is if someone is just thinking about how to reduce the price to have the opportunity to buy at a low price. If I were you, I would not be worried about what Grayscale did to the bitcoin price recently; it is not a new thing to bitcoin because we are seeing the volatile part now. You should use this opportunity as Grayscale is rebuying his bitcoin to buy bitcoin at a low price with the money kept for the dip before the bitcoin price starts its upward trend. Remember that whales have been manipulating the bitcoin price, but bitcoin always recovers to set an ATH of $69k. Don't allow this to ruin your bitcoin accumulation plan.

Maybe some investors think of investing in such a way that if they invest a fraction of the amount of money they have, the investment portion will be deducted from their total amount of money. Investing is a bit risky but investing is done with hope and expectation. I have investment means I have hope, seeing that I have investment I can expect to get something good in the future but the one who has no investment has no such hope. Like I worked at a place and I owe some money from there. I have hope that I will get money from that place but another person who has not done any work has no such expectation. Investing is not so hard to see, investing is very easy if you think about it. Before investing we look at the investment very hard and get worried about the investment due to which we cannot make proper decision about the investment. Investing should be seen as a normal activity. We need to be as safe in investing as we are in saving so we can invest properly.


Whatever work we do, if we enjoy it, we will be able to do it with great joy, no matter how difficult the task. If a cricketer is asked to become a doctor then he will not be able to become a doctor and if a surgeon is asked to become a cricketer then he will never be able to become a cricketer. If we were not interested in investing, we would not have invested or decided to invest. Since we have interest in investment, we have to enjoy this investment. To invest in such a way that it feels like investing is an art to us and we are a master of this art. Never take too much pressure, if necessary I will do less than I can, but still have interest in the investment.

DCA method has made our investment so easy that now we can invest any amount at any time. Since we have this simple strategy we only need to focus on retention and increase our investment amount with time opportunity only then we will gradually reach our target. The road to success is somewhat difficult but those who can cross that difficult road can achieve success. Just as we have to climb the ladder step by step but we can't climb from the bottom to the top, so investments have to be done consistently and regularly before we can reach the top of success.


Emergency fund means to use that fund in times of need. We have three months of funds but we will continue to invest these three months if we invest regularly for three months then this fund will remain intact for the next three months. These funds will be spent when we fail to make regular investments and when we do not have money to make regular investments. When we don't have money with us but we are forced to invest money from that fund. I created a three month emergency fund and out of these three months I was able to invest regularly for two months and one month I could not manage the money for investment but one month's money needed to be withdrawn from my fund. If one month's money is taken from the fund, two months' money is left over and next month of course I can manage the money and try to add back to the fund the amount of money spent from the fund. After spending money from outside the fund, if we add one month's money to the fund again, the fund is enriched again. If we use the fund in this way then the fund will never run out of money and we have to use the fund in this way.

I think the 3-month emergency fund is enough as long as we can maintain our cash flow so that your expenses and other sudden needs can be covered from the main cash flow, but when things are out of control in a tight sense then use the emergency fund as long as it can save you.

If the emergency fund is sufficient for 6 months then it is enough for them to be free in targeting aggressive investment levels and even if the emergency fund drops but it is still at the minimum limit, when the cash flow has stabilized, it may be possible to refill it again slowly so that the emergency fund returns all to hold for 6 months.

With those who use challenging investments, I think it needs to be felt because it will adjust in the future how the balance is more sensible including 30% of their total salary, I can only do it when the emergency fund is safe, say 6 months in the bag, then the level of aggression towards BTC must be done if it is not appropriate, the percentage will be lowered, if I am still able to continue because this depends on managing expenses and the percentage determined, the cash flow will be easy to manage.

How much an investor invests is entirely up to the investor.  The amount of money that the investor feels is right to invest, he will invest that amount of Bitcoin. Just because my financial situation is one and another investor's financial situation is different, my financial situation cannot be considered someone else's financial situation. If the investor invests in DCA method then regardless of the amount he invests he must invest consistently. If you invest consistently, even if you have to invest a relatively small amount of money, the investment amount will be strong enough at one time.  But as you said that if a person spends 10% of his income on his family, it is not the same for everyone. Someone may be living in the same society but his monthly income is less than others and he is getting more than 10%. The amount of money that is needed in the management of the family will be needed. Investment should not be left with any imperfection at all.  

The investor will consistently invest the amount of money that is left at the end of the month. Maybe the investor may think that what will happen if I invest this small amount of money regularly, those who think like this must make a long-term plan and calculate your investment. I hope that your idea about investment will change.

If you feel safe spending 10% of your income and investing the remaining 90%, you can invest 90% of your income. But no matter how you invest, be sure not to sell your investment after investing. The next generation will get Bitcoin if you can deliver Bitcoin to them properly. When a person thinks about his investments for the next generation, there is no doubt that his plans are long-term. Before your investment reaches the next generation, you should try to grow the investment. If you find that you are investing 50 percent of your income and after investing 50% you have to sell your investment when financial need arises then you can reduce your investment amount at that time. Because you don't need to invest so much money that you have to sell the investment later.  
Keep investing a fixed amount of income consistently so that you don't have to sell your investment later.

Everyone's income is not equal, different people earn different amounts every month, depending on their job position. Everyone is living according to their needs considering the location. If everyone can live according to their needs then everyone will be satisfied with the investment based on their income. If my income is less then naturally I will have less amount of money to invest. We may never take such a decision to invest that our income is low and there is some money left for household expenses at the end of the month but we are borrowing money from others to invest. In one month we borrow money to invest a large amount but in the next month we have to repay that loan and if we pay the loan in the next month but that person will not be in a position to invest in that month. Therefore, based on the income, that amount of money should be invested regularly, there is no need to invest more amount by borrowing from others or in any other way, as much as you can afford.

I agree with you that an investor with a very comfortable DCA should remain consistent. The investor should enjoy his investment and the investment should never be a pressure for that investor. As long as the investor enjoys the investment he can continue to invest well but since the investor feels investment pressure he will not have full focus on the investment. I think investing will be stressful for the investor when the investor tries to invest more money than he can afford. This should be given importance to the investor so that he does not take too much pressure but invests according to his comfort and if he enjoys his investment then he can implement his long term plan with his investment.

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

It is in the planning that the amount to be invested into be Bitcoin will be calculated. The planning is a critical stage because it covers the most important aspect of the investment process, enabling the investor to follow the best course of action.

There is nothing really wrong with allocating 30% of your income or even buying aggressively as long as you do have a good back up incase things go wrong or you run out of cash, DCA  doesn't have any fixed percentage to allocate and the intervals at which you buy is not fixed either, one can decide to allocate 50% of his salary to  weekly DCA  depending on how large the portion of bitcoin he aims to buy and the time interval he has chosen to achieve his goal as long as this person is comfortable doing it( by comfortable I mean a situation where by his emergency funds are in Check, his reserves are well defined and his cashflow and expenses have also been resolved or a situation where his allocations are small compared to his expense and income). And I believe the allocation a person decides to give to his DCA would differ for so many reasons.

1. How many bitcoin he plans on buying
2. The time at which he plans on achieving them
3. The size of his salary or income
4. If he has an already built reserve or emergency funds in savings before he started buying.

Given this senerios, a person X who earns about 10,000 dollars weekly and a person Y who earns about 7,000 dollars weekly both decide to get bitcoin and want to use it as a means to save up for retirement and X would retire in 5 years time while Y would retire in 3 years time. X has been a careless spender before and has really poor savings prior to the time he made this decision and Y despite earning lesser has a good cashflow management habit and has well built reserves in savings. X decides to allocate only 20% of his earnings to buying bitcoin because he aims at getting about 3 bitcoin or more and Y decides to allocate 60% of his earnings to bitcoin because he aims at getting about 7 bitcoin or more .  

Considering this factors are we going to say that Y is more aggressive than X, to me I would say no because they are both working as hard as they should to hit their target with the time they have and other factors like lifestyle could also affect this cause X despite earning higher could not allocate much to bitcoin cause he enjoys spending more and that 20% is what he calls comfortable and same with y. So they won't be anything like over allocation with respect to how much of your income you decide to invest as long as you are ready for accepting responsibility for your investment decision and you know you are okay doing so without been affected by it.



While it might be true, I also think an investor should be ready if things go wrong, cause given a case where he starts to invest and something unexpected happens at an early stage of investment, he might find himself in a difficult situation if his emergency funds and reserves are not well feed, what I prefer to advice is not to wait for your emergency funds to be ready to get all the cashflow done, just start but with very little and comfortable DCA that won't affect you at all like 5% and a minimal interval , then focus a bit more on building your emergency funds and reserves before you get more into DCA, this way if anything happens at an early stage dipping your hands I to your investment won't be an option cause you already have more savings than investment and you are well prepared this way.

I would think that 3 months of an emergency fund would be about the bare minimum to have if you are going to start to act boldly.. and even with ONLY 3 months of an emergency fund, you gotta be careful about ever dipping into such emergency fund except for strict emergencies.

If you have 6 months of an emergency fund and you know that you are never going to let your emergency fund dip below 3 months unless you are int he midst of a true emergency, then you can be a lot more bold because you might even float one of the months so that you are mostly between 4-6 months in your emergency fund.

I guess my point, is to be careful if you are starting to get a lot of BTC investment and if you are starting to use more adventurous times of investing, including getting  a 30% advance of your pay for 3 months or any of those kinds of things, even though it might work out, you seem to be playing with fire if you only have 3 months emergency and you also get a 3 month advance for 30% of your income... it may well end up working out, but it does not seem like a good balance especially if you might be in a position that you don't want to end up getting forced into selling any of your BTC at some inconvenient time, for example when it might be dipping extensively.

It will depend on what you can afford to put on your bitcoin investment and any amount is fine as long as you have BTC bought which can increase your holdings. They should not get ashamed if they can afford small percentage since this is how greatness starts since as long as we are consistent on the investment choices we do for sure it will grow continuously in future.

People need to remember that its not all about the sizes of their investment since it all matter on their will to invest on crypto plus how eager they up getting a lot of knowledge to use for their investment. Those strategies mentioned will surely help them to increase their investment sizes so now its all matter on how people gonna take effort since they are the one who can make their selves profitable. Also right now I'm into 35% - 50% of my funds goes to bitcoin investment and so far doing great and yet still bullish  and yet plan to add more in my portfolio to save up for long term purposes since we know that bitcoin always got good potential that's why I make sure that I'm not left behind on its future growth.

Most people don't know that they can also profit the way most people that bought bitcon at a very low price. For instance some individuals invested on bitcoin when it was still around the price range $1k and am pretty sure most of sold theirs already due to the great changes in price of bitcoin while some loses Theirs due to misplacements of their keys and all that. But just imagine the few that may have managed to hold some portion till now. Imagine the kind of profit they have accumulated all this while. So you can invest now and start accumulating more bitcoin, and keep your seed phrase save with caution. Like jayjuangee said  days back that Bitcoin is a life time investment, so bitcoin still have long way to go and still have alot of prices to beats and alot of new ATH to create. Bitcoin as the potential to hit  millions of  dollars. So doesn't matter either you using 10% or 5% of your earnings. As long you using cash you feel comfortable of holding for long...

Lol I must say you crack me up
Did you read my post?
I was against the idea of advising a person to invest 30% of their salary.
Did I even mention emergency fund?
How does emergency fund relate to investing what you can afford to
Do you think if you introduce BTC to an individual with barely any knowledge of it, they can really stand losses.?
it's official
Either you didn't read my reply or your level of understanding is like meme coins.
What's the difference between what odohu said and investing amount you can afford to.


oh trust me I do
Trading and shitcoins has done a number on me
2023 showed me the strength of Bitcoin and the belief is still beating.
I never said I wouldn't invest 30% of my salary in Bitcoin
Even all of it
If I my expenses would be covered
But this isn't applicable to everyone
I of 2022 believed the news that Bitcoin is dead
It's going to $10K
Now what's the price of Bitcoin?
If I don't believe in it's recovery and potential after I sold in loss last year January
Then I would be a Fool.

In a nutshell,  What am saying is, it's better to advice a person to invest with a money they can afford
Or an idle money.