Topic: Buy the DIP, and HODL! - page 397. (Read 137384 times)

You already gave the information out: "Buy the DIP, and HODL!". The selling have been happening since last year and it seems they are systematically doing it with the intention to not raise attention. They just increased the selling quantity by January 19th for reason I do not know.

 

It is possible that it is the Bitcoin ETF news that kept Bitcoin price on the rise prior to the approval even when they were selling. Now that the hype around the ETF has waned, it is obvious where the selling pressure is coming from. They have been a good reference for Bitcoin whales but it is looking like they have decided to start booking their profits.

This could be a blessing in disguise; a way of dropping the price pre-halving for those of us using the DCA method to get more Bitcoin for the same amount of dollar.

People largely view bitcoin more as an investment opportunity than even a currency in our present time, how many people use bitcoin for Day to day transactions today, very few because of the hight gas fees. Its true that only when people start to see bitcoin as an asset that they would be good holder, but they also have to know that bitcoin has the potential to give them good profits it they hold long, cause if you would be comparing bitcoin to other assets like gold, you would find out that bitcoin both beats  gold as a worth investment option than a good store of value considering the fact that bitcoin is still very volatile and the price changes could still be 10x dip and 10x up, making it more good as an investment than gold, while gold would remain within a price range for a while and does not have much volatility like bitcoin. Investors must know that bitcoin has the potential to give them good profits and its worth holding than playing around with like trading.


Yes historical bitcoin has favoured long term holders more than short term profit makers, and this is a fact that we all should know, long term holders have a more guarantee to make profit from their Investment in bitcoin than any other kind of investors. And DCA puts you as an investor in front, cause I mostly like to view it as the foundation where you can add other strategies and win properly.

Not being skeptical, sure discipline is required to hodl but your must station your mind in what you want first, believe that what you want as an investor matters a lot, if you know what you want, setting a strategy in other to achieve your goals wont be very difficult, severally it has been preached that for you to call yourself a successful investor, you must have a good investment plan that will make you resist the urge of wanting to withdraw your investment, don't be greedy because if you are, you must at a point want to withdraw from you investment, don't lavish funds that you set aside from special needs so that you wont think otherwise, hodling is the way to go and don't forget to keep increasing your coin as much as you can.

Discipline plays a vital role in anything that we are doing, especially on achieving a goal to be a successful investor in a long time bitcoin journey. This is because you will be on the roller coaster for 4-6yrs and above. If you are not discipline to be consistent in using DCA approach as a beginner on your bitcoin journey, you will not be able to build up your bitcoin portfolio to a great height, because you will invest  reluctantly.

What you said @Troytech is right but to only some certain investors which are the poor and average class that have more expenses to take care of, but discipline applies to all category of investors. Take example of a rich guy MrX, that has every resources to take advantage of having a significant amount of bitcoin in his portfolio, but because he is not discipline and feel he has everything because he is rich and chose to invest in bitcoin using DCA method but he hardly meet up with this because he lacks discipline. On the other hand MrY is not rich but have a means of income which after all calculations done, he can take care of his monthly expenses and emergency funds. He still could DCA regularly, and due to discipline, he was consistent with increasing his bitcoin portfolio for 15yrs. MrY will have more bitcoin than MrX, during the same duration of 15yrs. Sometimes, before you know it MrY bitcoin accumulation can bring him closer to the level of riches of MrX, because of compounding profit.

However, if a rich guy like MrX, let's say MrZ is disciplined in his bitcoin investment journey and invested on the same duration of 15yrs with MrY, he will have more bitcoin in his portfolio than MrY. This is because he will use his wealth to take advantage of investing aggressively in bitcoin using all three method of bitcoin accumulation strategy because other of his investment can serve as his emergency and reserve funds, so there is no cause for alarm.

Investors must realize that Bitcoin is not just a currency, it is an asset. When an investor is able to acquire a good sense about Bitcoin  then he can be a true Bitcoin holder. Buying low and selling at a small profit may give an investor a small profit, but long-term holders will reap significant gains. It does not guarantee but long term holders never lose. Investors be able to build an asset over the long term by doing DCA and it will also reduce the risk of an investors.

Bitcoin offers several advantages than fiat currencies and fiat have no ability to compete with bitcoin. One of the biggest disadvantages for a fiat is that it is controlled by the financial authority by which it will have limitation and restriction. There is no opportunity to use one's own money according to one's desire. Using fiat offers various restrictions such as choosing a third party to transfer your money and completing it within a specific time frame and long waiting times, which is not possible with Bitcoin. Bitcoin users are completely independent.

Maintaining a disciplined approach is crucial in the world of Bitcoin investments, but it's important to recognize that discipline alone may not always prevent individuals from tinkering with their investments. Life can throw unexpected challenges, especially those related to health, and even the most disciplined person might find themselves compelled to tap into their Bitcoin holdings if they lack alternative financial resources.

However, it's undeniable that discipline plays a significant role in sustaining a robust investment strategy. Even when faced with minor challenges, a person with strong discipline can resist the temptation to hastily liquidate their Bitcoin assets. For a truly serene and steady Bitcoin investment journey, it's advisable to cultivate diverse sources of income and maintain a substantial emergency fund. This dual approach not only provides financial stability but also empowers individuals to weather unforeseen circumstances without resorting to disrupting their long-term Bitcoin holdings.

People can have a cool, collected experience when investing in Bitcoin by creating a financial safety net and securing steady income streams. This will allow them to hang onto their assets for longer, which will ultimately lead to a more successful and long-lasting investment endeavor.

While we may well be aware of this, we can't always use the past to judge or anticipate the future and saying something as bold as 100% chance is as tho we are sure and can predict what would happen, over years now and under many circumstances bitcoin chart has behave in diverse manners that have shown unpredictability and as we may be hopefull about the halving event, we should also consider and prepare ourselves otherwise. If we become to bold about things and it doesn't go as planned expecially when you are expecting a bull and you invest all your funds since you are calculating a 100% chance and instead we have a continuous dip after the halving which may most likely or not happen, and then you are out of funds to take advantage of the dip because you must have invested all your funds with hope of a bear. Let's all try to be prepared for anything, since Grayscale started dumping, we really don't know what to expect and to remain uncertain is good for us, since we have the advantage to prepare for anything and can take advantage of any situation the market brings.

Of course Bitcoin is the best coin, in fact as the Matter of fact the growth of every other coins depends on the growth of Bitcoin because is a father to every other coins, but sometimes I wonder why after knowing how potential Bitcoin is and most investors will still look for an alternative through other coins when Bitcoin is the best and most reputable coin.


Of a truths Bitcoin is the best investment and can never be compared with any other coins but however to really see the potential of Bitcoin is only through holding because holding is the only determining fact to your success on Bitcoin investment, and also one of the things we should also understand in times of investment is that no matter how good the investment is there is always some risk that could be involved because lets not feel that after investing on Bitcoin the price will keep on growing, it doesn't work that way considering how volatile the market is, it could move to any direction anytime that's way the best way on Bitcoin investment is only through holding.

However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.

"The handwriting is already in the wall" for everyone to know and understand that Bitcoin is an asset that is worth buying and holdling for a long term as that's the only way bitcoin investors can experience an immense gain in acquiring bitcoins in their individual portfolios but it requires patience and consistency in buying bitcoin using the DCA before an investor can experience a milestone achievement.

To hell with fiat as our major objective is to accumulate reasonable amount of Bitcoins in our portfolios and end the use of fiat as fiat has been the major cause of inflation and moreover the aim of Bitcoin introduction was in other to have a direct peer to peer transaction with another without a third party being involved before transactions can be performed (decentralization), third parties being involved has made transactions uneasy for people and they also set out limit of which one can perform in a single transaction but with Bitcoin you have the privilege to perform as many transactions you want without any limit or being deprived of how you wish to go about your money.

Yeah bro it's definitely buy the dip and hold, many folks have really hight expectations for a bull run and if this continues to happen we might end up with a bear market even if just for a few months or might not even happen, by now we all know that bitcoin has continued to tell us that it's unpredictable, things like 4 year theory and many other historical event can't be used to make much predictions again.

But in other not to speak as tho we are sure of a pre-halving dip, let's just be ready for anything, no need to wait for the dip, keep DCA going, and keep that emergency funds in Check cause it would really come in handy soon.



Yes discipline is good as an investor, but just decipline alone won't stop you from tampering with you'd investment, especially in cases where difficult situation arise, St at times you add left with no choice than to tamper with your holdings, so as much as character is good, having a solid foundation for your investment is also good, like having a good emergency funds built up and also planning out various senerios out so you wont end up I  panic from over expectations and sell your asset. And having multiple sources of income doesn't guarantee that you would DCA properly, cause if your expense are as high as your income you won't t still  be able to allocate any part of your income to bitcoin since a large chunk is going to expense and you won't even be able to save up your emergency funds. So instead of getting multiple jobs it's good to find means to chunk down your expenses and know your numbers properly, this way even with one income source you are well prepared to Carry on with your investment.

Sure Bitcoin does all this stuffs you mentioned here but that's when you understand it, before anyone should be fully involved in bitcoin, the foundation should be sound, you don't just make silly decision, just like people think that the investment is about go get rich quick, yea, bitcoin offers several opportunities, I think why Satoshi Nakamoto created this digital wealth is because of perceived ingenuity found in the financial institutions where banks and microfinance facility keep deducting unnecessary and unforeseen charges, and much inflation that's surrounding the existence of fiat, he decided to create this hundred in one coin called Bitcoin to solve financial and mathematical problems to an extent, though bitcoin can not do without fiat for now unless it is made handy but bitcoin value is nothing to compare with any fiat anywhere in the world, I think all you said is nice but Bitcoin is doing more than that.

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.

Bitcoin has always been the best coin, even if you are not holding your bitcoin for the long term. Bitcoin allows you to have total control over your money, and no third party will decide how you will carry out your transaction in bitcoin. If you save your money in bitcoin, it will protect you against inflation, and your money will have good purchasing power when you convert some of your bitcoin to fiat. With bitcoin, you can send money to anyone in a simple way even though there is no bank in that place. Nothing like bitcoin.

Everyone has their own strategies for investing and holding investments for a long time. Everyone's strategy for investing and holding the investment for a long time is not the same. One strategy may seem difficult to one, that strategy may be easy to another, but all of us who are investors should adopt our own strategy in holding the investment. There are two difficult steps in investing, firstly investing in the first step and holding that investment for a long time. Just like going to a new place or joining a new job, the first day is a bit difficult for us and we feel nervous, the first step of investing is a bit difficult. We think we should wait more till the first phase investment now is not the right time but after investing the first phase all the fears and apprehensions inside our mind go away.  

Secondly, it is difficult to hold the investment for a long time because after investing, various challenges will come and many times one's mind will say that the investment should be sold.

There are many investors whose only source of income is their job and if they have no alternative source of income or additional source of income beyond their job salary then how would they invest. You may mean to invest the amount of money that is left every month from the portion of income that a person earns every month. Yes, it is certainly true that an investor should invest the amount of money left over after spending, but the remaining amount or some amount must be kept by the investor as expenses and then the remaining money should be invested. Because if the money is not available for one month, after a few days the investor will sell the investment again for his own expenses, so it is better to keep some money aside in advance instead of selling the investment later. If the investor invests in this strategy and wants to hold it for a long period of time, he can definitely hold the investment for a long time in this strategy.

DCA investment strategy has made investing much easier for an investor. In this way the investor gets the opportunity to invest as per his wish very easily. But the investor should keep in mind that he is investing for a long time so he should focus only on how to grow the investment and not on selling the investment. Even if the investment is relatively low, there will be no problem when the investor continues to sell the investment.

You are asked to create additional funds in advance so that you do not have to interfere with the investment after the investment. Just as you are investing regularly, try to build up an additional fund regularly. Besides investing, when you have extra funds, you can meet your needs from those extra funds. You may ask me how low income people manage their investments as well as build an extra fund of their own. If you ask me such a question, then I will tell you that people's expenses depend on their income, that is, their needs and their needs depend on their position. If the income is less then he will invest less amount and save less amount, hopefully he will be satisfied with this and he will be able to meet his needs from the additional fund he will create.

I don't have any alternative plan in terms of investment but I just want to do the right thing with the plan I have. Multiple plans may cause problems for me but if I have only one plan I will definitely try to do it properly. My plan is to invest and maintain a consistency of investment as well as hold that investment for a long time, hopefully I won't need multiple plans.

In other to be determined to succeed as an investor it requires discipline because if you are not disciplined then you can't really hodl for a long term because sometimes there might arise some circumstances whereby you are left with no choice than to tamper with your holdings maybe simply because you don't have an alternative funds that can sort issues at any challenging time and as a long term investor who is determined to accumulate as many bitcoin in your portfolio you ought to make sure that your income doesn't only generate from one source such that in a situation whereby the basic income you used for DCA doesn't come as regular as before, you can easily switch over to your other source of income to continue the DCA pending when your normal source of income reinvigorates.

Having diverse source of income will help never to miss out at any intervals during your DCA because you're already sure that if plan A doesn't work out then plan B will actually work out and this are good qualities of an investor who wish to hodl for a longer period of time and before you know it you have already acquired enough Bitcoin in your portfolio afterwhich you can decide to sell some part of your coin at a higher price.

On know account should any Bitcoin investor liquidate the quantity of Bitcoin he is hodling while using DCA because it will lead to non achievements of hodling for a long time in the sense that the amount that has been liquidated will affect the DCA and moreover, may not be replaced anymore therefore the quest to acquire more Bitcoins in ones portfolio may be conquered.

When it comes to investing, if you are always just waiting for the opportunity, then sometimes you have to make the opportunity your own.  We always notice price changes but these changes are only at the will of an investor but we should not worry at all. It is understood by all that the lower the purchase, the higher the chance of profit, but always the market will not only go lower. 

Bitcoin is one of the most popular currencies and it has the highest value and popularity compared to other coins, so it is natural to invest in this coin usually at a higher price. If we are always waiting for the price to drop so much then when will we invest. 
When it comes to long-term investment in Bitcoin, investing at every level of value is the right decision for the investor. 

DCA method is discussed so that investors can invest at every level of value and DCA method is considered as a very effective method for investing. If the investor is serious about investing then he can invest in Bitcoin through DCA method besides forming a reserve fund.  Reserve fund can be used by the investor at the time when the investor does not have money to invest. If there is a reserve fund, the investment will be stronger and the investment can be continued with certainty and consistency.

You are advised to invest as much as you can to avoid having to sell your investment unexpectedly or against your will. You can save some money along with the investment thinking that it might be necessary so that if you need extra money you don't have to sell your investment but you can use your savings to meet that need. After investing, forget that you have this amount of money because whenever you think that I have an investment that will support me in case of danger, you will never be able to hold your investment for a long time. If you invest less then no one will tell you why you invested less so divide the remaining money into two parts one part you invest and another part you save. If you invest in this way, I believe you will be able to keep the investment as per your plan and if there is an additional demand for money, you will be able to meet that demand from your savings.

Choosing the right coin is very important when it comes to long-term investment. Since planning is done for a long period of time, investing in any common coin for this long period of time has the potential of losing money, so it is not foolproof at all. Since there is Bitcoin to invest in, we don't need to look at any other coin. We should put our full trust and faith in Bitcoin as a long-term investment. By long-term investment, the coins that exist outside of Bitcoin may be fine for short-term investment or trading, but if you invest for a long-term purpose, it is definitely a good decision to invest in Bitcoin. The price of Bitcoin has come down to around $10,000. It is definitely a great opportunity for investors. Although one can always invest in Bitcoin in a long-term plan, since the price has come down a lot, investing with a relatively large amount of money at this time has a slightly higher chance of profit. Those who want to start investing can start investing now if they want and can gradually maintain their investment consistency as per DCA method.

Our aim should be how to make our investment long-term, for long-term holding we are given ideas about different strategies. We will usually invest long-term so no bitcoins will be withdrawn from here (the original hold bitcoins) but deposited.

We have to make our investment decisions with external sources of income. If you are dependent on the original holding then your holding will not be long-term by any means. Here's why your holdings can be sold in the pursuit of scarcity (these discussions are important if you adopt the DCA strategy, you can get rid of all these hassles, and your investment will be long-term).

Those who have a physical source of income will be able to participate in the investment with additional money. Investing in the DCA approach helps to absorb all types of risk. Never think of selling holdings as it can ruin you. Avoid selling holdings and benefits.

While it is very good to be optimistic about your expectations in investing in bitcoin, as a newbie it is also good to have in mind that anything can happen out their and the market remains unpredictable, yes we are expecting a bull run but its also possible (even not with the facts that are available to us like the halving theory and all that) that things could take side turn and the market goes bearish and if you are overly expecting to make profits out of this bull run as an early investor it could cause you to lose hope or even become sluggish with your investment. What I'll advice is that you plan out and be ready for everything that could happen on the Market, have a set of different senerios planned out for every possibility that could happen for example based on how optimistic you are sounding your best case senerio would be for the market to go bullish and maybe give a desired price that you have In mind and a normal case if the market decides to remains flat with no much movement and a worst case if things go full bearish and against your expectations.

One thing beign preached here is readiness, we must be ready for anything since we can't full beat our hands on our chest and say that this would happen our that would happen. Your major aim now should not even be where or how the price turn out(unless you have already been an investor for a while and not really a newbie, but for the sake of this forum and ranking system I'll advice you as I see) but to continue with your DCA and build your portfolio to a certain level and your aim for profit would be after holding and investing for like 1-4 years, this would help you keep your eyes on the right direction and so you dont end up losing track along the line In your investment. Try to also build your reserves in case of emergency or even if the Market goes against you.

Stay safe, invest with the right mindset.

I'm not really clear on what your trying to say here, but if your referring to dip buys, then you must understand that waiting for this dips could be a real problem expecially when its your only strategy and this could cause to miss out a lot of opportunities that you could use to buy more asset through DCA and more over you might spend months without even investing or taking any step cause you would be wondering which dip is the final dip, I've seen people wait for a dip that would never come and end up losing all the time they could have taken advantage of to start buying. And from what your saying it seems you're most likely a short term investor since you made mention of exiting the Market safely.

With respect to this, I hope you understand that the price of asset could consolidate around a point for months and at times lasts up to six months of fluctuations with making much move upwards, just like after bitcoin hits its ATH  if 68k if I'm not mistaken and dropped down to around 20k last year and it's starting to give us a little upward movement this year and has just dropped about 10k, so if you only buy on dips and maybe after bitcoin reaches its ATH you buy around 35k price you would still be waiting for that profit up till now, if you haven't lost hope already and sold at a loss and since you are a short term trader, you mostly likely won't have the patience.

But if you had rather given a DCA approach you would have accumulated a lot and be even more prepared for any bull run coming and you would have built quite the portfolio or stash by now.

Your 100% right bro.This forum has taught me so many things about hodling bitcoin for long term investment, including the DCA strategy to follow as an investor.Bitcoin is the best cyptrocurrency in terms of long term investment other than shitcoins,some investors that have the aim of making quick money invest on shitcoin and end up with regret,the reasons are
1.Shitcoin or memecoin has lot of report about scam cases.Many investors who invest on shitcoins end up being scammed by internet fraudsters.
2.Shitcoin aren't best for long term investment,so investor who invest their money on shitcoins bear the risk of loss because many shitcoin come into the cyptro space and are nowhere to be found.

Now is the best time for investors to buy the dip and hodl it with the expectation of the next bull run market when the price of bitcoin will be high.