Topic: Buy the DIP, and HODL! - page 412. (Read 123343 times)

I agree that its still early in the -bull run- to buy now and look to the future to make profits if
thats the goal but after the surge up to todays market price of over $37,000 I would say that
there are a good few people holding out now for "the Dip" because inevitably it will happen eventhough
the sentiment ATM is that it could rise further . . . abd keep going!

Personally, I have FIAT now but I'm holding out for the "correction" - so yea I'm waiting for the
"Buy the Dip, and HODL" moment.

Considering the current market price compared with the Lowest low of this run which is around 15K and the Highest high which we are now, we haven't even crossed the quarter region to its next ATH.

So anyone who wants to buy Bitcoin for the long term still has time to buy at the discounted price but the price can move either way in short term and its always been the case so focusing on its long-term pattern will give better clarity for anyone who looks at what price to invest/buy bitcoin.

Perhaps most investors are looking for an easy way they could invest and be making money on a regular basis, so however seeing Altcoins as the only alternative of reaching to there goals, and most of the investors normally prefers altcoins because they uses a strategy of following some crypto influencials to know when they would give a call to purchase a particular altcoins so that they could buy and sell immediately, which is a very bad investment plan because an investor could easily be cut off by the market price and lose almost everything.

I don't know why most investors seem not to be bothered about the likely challenges and the risk of putting there money on altcoins because the earlier they realize themselves the better for them because on a daily basis that's how most altcoins investors are becoming victims, because I even had the experience when I started investment, so I was encouraged by a friend to invest on altcoin and did, so up till now i have not realized my capital and the altcoin has been dumped, so that's were I learnt my lesson so I can never invest my money on altcoin.

I don't really like the idea of flip-flopping back and forth from we are in a bear market or we are in a bull market, and so sure, you may be correct Odohu that the bull market has not been confirmed yet, but I doubt that you are correct that we are not in a bull market.   Almost always there are corrections along the way, but that does not take us out of the bull market, unless maybe we go back to test the bottom such as $15,479 or maybe even getting below $20k or something like that.

Sure, you are free to talk about these markets as if they are flip flopping, but I doubt it brings vary much clarity to frame them in that kind of way. 

So if we look at our current situation, we had a low of $15,479 in November 2022, and so the BTC price has been moving up ever since then with several corrections along the way, and yeah, the mere fact that we went from the most recent local low of $24,920 in early September to our current high of $37,978, it does seem to appear that we could have some pretty severe corrections from here that could even go back down to the local low and maybe even lower, but surely a decent amount of space has been created between the two, and perhaps it will be difficult to get back down to that September low of $24,920, and maybe getting back below $30k might also be difficult, even though we surely are not very far away from $30k.. but even having had said all of that, sometimes in bitcoin's historical price performance, it does not go back to those previous prices, so if we end up getting more UP before down, then it could contribute to some difficulties in getting back to those kinds of lower prices such as either below $30k or below or touching upon the 200-week moving average which currently is at $28,622.

Yes, we know that the BTC price can go either way, and the BTC price is especially vulnerable to a deep correction when it has gone up quite a bit in a short period of time, but I doubt that means that we would be flip flopping from bear to bull and then back to bear.. when maybe we might be getting caught into semantics a bit in terms of trying to describe where we are at and what is the current trend.

It is quite exciting seeing some gains in the market but I think it is too early to conclude that we are in a bullish market. There still chances of this being a bull trap. A lot of theories have been postulated as to why the market is rising, some believe it is rumors of Bitcoin ETF approval while some believe it is as a result of Ordinals, that is NFTs on the Bitcoin Network. If the former is true and Bitcoin ETF did not see the light of day at least for now, the market might dropped drastically even though we don't know the extent to which the drop will be but surely the market will respond accordingly. This will confirm that we are really still far from being in a bull market as many things are still hanging in the balance. As we approach Q1 of 2024, a lot of things will become clear.

Nevertheless, the wise thing to do now is to continue to collect Bitcoin with whatever method you are using because the bull market will eventually come even though we are not certain when it will happen. In line with the topic of the thread, "Buy the DIP, and HODL"

You are correct Litzki1990 in pointing out how so many members seem to get caught up in wrong ideas about the various ways that rich people are advantaged over poor people, and sure, rich people likely have more disposable income, but it surely does not mean that the rich people are going to end up taking advantage of opportunities to invest into bitcoin, and it could well end up happening that many poor people are able to surpass the advantages of rich people merely because they both know about bitcoin and they consistently invest into bitcoin.

With bitcoin knowledge and action have the potential to contribute towards the advancement of many poor people, and surely any poor people can figure out ways to make sure that they have disposable income by either increasing their income and/or cutting their expenses, then surely the first 4-10 years might be somewhat painful because they might start out by only being able to invest $10 per week, but maybe they figure out ways to increase that investment amount to $100 per week or perhaps more.. and even if they are not able to increase their ongoing investment amount by very much, if they figure out ways to be persistent, consistent and prudent with their bitcoin approach, they may well start to perceive concrete advantages that they have built from their actively involving themselves in bitcoin investing.. and of course, it is not guaranteed, and of course, they may well need to learn a variety of ways of protecting their bitcoin investment along the way, such as getting some kinds of private wallets and learning how to use them and how to protect their bitcoin.

The rich person could well be have greater opportunities because s/he has potential for greater disposable income, but the richer person still has to recognize bitcoin as a place to consistently put his/her value in order to be advantaged by it, and some times rich people are too blinded by their own situations to see the value of bitcoin or to see value outside of fiat systems... so the mere fact that they are richer does not necessarily automatically give them long term advantages if they fail/refuse  to recognize bitcoin as a place to put value and to actually act responsibly in regards to that knowledge by consistently, persistently and prudently accumulating bitcoin.


It seems to me that sure it is better to buy the dip when possible, but if you don't have any bitcoin or ONLY a small amount of bitcoin, you may well end up buying BTC at times in which the BTC price is going up and there still are decisions whether to buy or to wait, because sometimes when the BTC price ends up going up it might not dip back to previous prices, even if it is in the process of making new ATHs.  Is this time different?   We cannot be sure.  Here are some examples:

1) The early 2013 ATH of $263 did end up getting surpassed in around September 2013, and then when BTC prices dipped in 2014, did end up getting breached again in late 2014 and even stayed around and below it through quite a bit of 2015, but after October 2015, sub $300 BTC prices were never experienced again.

2) The late 2013 ATH of $1,163 did end up getting surpassed in around December 2016, and then did end up getting breached again in early 2016, but after March 2017 sub $3,000 BTC prices were never experienced again.

3) The late 2017 ATH of $19,666 did end up getting surpassed in around December 2020, and then did end up getting breached again in June 2022, and so far after January 2023, the $19,666 has not been materially breached even though it was very shortly touched upon in March 2023.   It does seem pretty doubtful that $19,666 will be breached again, but surely not guaranteed.

4) We will have to see about our current ATH of $69k.  Will have to see when (and if) it is surpassed and then if it is going to be breached again and if so for how long, yet at the same time, we should question any tactic that expects that the BTC price has to drop back below the previous ATH after the previous ATH ends up getting surpassed again.. Maybe my examples are contributing to a potential change in my considerations regarding how likely BTC prices might end up dipping back down to (or below) $69k once (and if) it gets surpassed.  I surely don't like the idea of waiting because we cannot necessarily know where the BTC price is going to go, yet maybe at some point in the future, it might become more advisable and prudent to wait rather than buy - once the BTC price surpasses certain UPpity levels including when (and if) it starts making new ATHs.

The Bitcoin market is bullish now so after you invest in Bitcoin the price of Bitcoin may have increased a bit for which you think you may have made a profit as you invested but this profit is temporary. I think you are planning to hold your investment for short term rather than long term. An investor who invests in a long-term plan does not care much about small changes in the market because his plan is to deeply hold his investment. 

If you were asked to find the difference between a long drive and a short drive, you would surely be able to find the difference between a long drive and a short drive. When we go for a long drive, our car or bike takes more fuel, we have to wait longer and we have to go through more challenges in the long drive than in the short drive. More fuel, longer wait after all these but we can reach our desired destination. But this is not the case with short drives, short drives have limited destinations and not much fun. 

Investments are like long drives and short drives. Just as investing for the long drive gives us a different kind of peace of mind, holding our investments for a longer period of time also gives us a lot of upside from our investments. We should hold the investment deeply even if it is to get something good from the investment.

Bullshit mate. You cannot really know anything about altcoins they are more unpredictable compared to Bitcoin. It will be a total waste of your time, trying to studying more about a coin that will not yield you any profit. If you want to study or know more about Bitcoin, it will be a much better choice for you. At least you have this certainty that you are investing your money and time in something that will yield you profit on the long run.

Investors who struggle to make wise decisions often experience frequent losses. I recall a specific instance when Dogecoin reached its alltime high due to influential figures like Elon Musk and some large investors. Many people bought in, expecting higher profits. However, today, Dogecoin's value is less than a dollar. Those who hastily invested are likely regretting it, holding onto coins with little to no value. If they had chosen to invest wisely in Bitcoin at that time, their profits would likely be much higher now. It's important for all of us to make wise decisions when it comes to investing.

The question is how do you know when the price is low? Ok... Maybe a certain price below the last ATH right? But any price below the last ATH is certainly experiencing a dip so any point in time is good for buying.
Still from what you said, talking about the discounted level when do  you predict Bitcoin will experience a dip for you to enter the market. I should believe doing the DCA is good and better because their is every conviction that you must make profits from every funds you invest in Bitcoin , ones your initiative is for the long term and buying very bountiful when you see the Dip.

Investing in Bitcoin is much safer and less risky than alt coins.The topic of Bitcoin is not relatively new. Because of this, Bitcoin is often considered an emergency investment.

In my opinion, investing in Bitcoin now has the potential to yield huge returns in the near future. Needless to say, there is a lot of profit potential in a short period of time. But you need to have the ability to wait in time.
So I say to those who want to invest in altcoins, don't just focus on altcoins, it's better to invest in bitcoins when the bitcoin pump starts, because in this case, the profit is more. And investing in Bitcoin is already very safe because no matter how much Bitcoin gets dumped, it recovers very quickly. And now Bitcoin is in a long dump from ATH so now is the time for Bitcoin to pump again. So I think investing in Bitcoin now can be very profitable in the future.

You are right in your place I think people investing in alt coins instead of Bitcoin are fooling themselves.Speaking as an investor I have invested in many alt coins before with no success.
But currently I am investing in altcoins in small amount that is on ENG token that's why its market value is almost bullish now.But I am currently more interested in investing in Bitcoin because I made a good profit in a short period of time investing in Bitcoin which I have done the most important work of my life.
People who are interested or want to invest should not only invest in alt coins but also invest in Bitcoin.

If we expect good things by investing in the wrong places, it will be like cleaning a mirror with dirt on our face. Investing in the wrong place means making a mistake in the beginning, and how can those who make such mistakes in the beginning expect anything good from the investment.  

ALT coin is never a perfect coin to invest and I think it would be a wrong decision for an investor if he decides to hold the investment in such coin for a long time. If an investor is planning to invest and if his plan is long term then he should accept Bitcoin for investment without thinking anything. Bitcoin offers an investor as much financial security as any other coin in the market, but not as much. Holding the investment is the next thing but the first and foremost thing for an investor is to invest in the right coin.  

One thing I always don't understand is why some investors invest in other coins instead of Bitcoin. Where other coins in the market are directly dependent on Bitcoin, it makes no sense to keep Bitcoin and invest in other coins.  
I have always put Bitcoin first in my long-term investment plan since the beginning.  

A long time ago I started my first investment and I have been able to hold my investment till now. The amount of investment that I started with in the beginning has increased today and my investment amount will increase more in the coming days which means that I can definitely hold my investment for a long time.

Those who invest in ALT coins to get rich in a short period of time should remember to never be in a hurry to change their position. Maybe he will invest in ALT coins to get rich for a short time but if he never gets any return on his money then he will become a poorer person instead of a rich person.

In as much as every investors is entitled to his decision on investment shouldn't give them the mindset of believing that altcoins is good for investment, come to even think of it which investors will clearly see how good, potential and profitable Bitcoin is and they would ignore it to go for altcoins which there potentials are unknown.

Sometimes most of the failure on investment is as a result of bad investment decisions because in times investment only profits making should not be considered perhaps aside from profits the legibility and potential should also be considered because is better making a little profits but consistently than making a huge profits at a time and lose everything tomorrow.

I don't believe that you need to have a lot of money to keep your investment for a long time. I believe that financial support is not a big thing, but the big thing is the mentality of keeping your investment for a long time. If there was a certain amount of money mentioned in terms of making your own investment and keeping that investment for a long time, then I would have given importance to having more financial support, but since there is no fixed level in the case of investment, any investor can keep his investment for a long time. 

You have made a right point here that an easy thing for investors like us is to gradually increase the investment amount as per our financial condition after starting investment, I think it is a very good idea. If we can increase our investment amount every week or every month and continue this growth trend then in the long run our investment amount will be seen much higher.

I see two positive aspects in holding investments in long-term plans every week or every month, one is that an investor continues his investment trend and also an investor can control spending his extra money every week or every month.

I think from my side I can say if man has intention he can definitely invest and he can definitely keep his investment for long time. Deeply holding your investments requires only a mindset of holding. One who has the mindset to hold his investment for a long time will surely hold his investment deeply.

Many investors still prefer alts instead of Bitcoin because of the possibility to gain huge in a short period (especially if you invest on the current hype like meme coins) that's what they thought. But not realizing that investing solely to Bitcoin is way safer and less risky. It might take time to gain but at least it's much wiser compared to investing in altcoins.

Therefore, buy Bitcoin and keep holding because it's the best choice.

Everyone can invest using Bitcoin to be able to get a profit from the investment they make and also if we choose to buy it in stages it would be better for us to use the method as you said. We can make a note when we make a purchase and buy it regularly of course. we will achieve the targets we want from the investments we make.

Yes you are right, if we invest in crypto of course we will choose Bitcoin as the investment we choose because it is very leveraged that we can get profits from Bitcoin if we can collect it with the strategy we choose, choosing altcoins to invest of course we have to really know well about the altcoin that we choose because it is very difficult to make a profit.

It is a bit crazy and ridiculous that you are talking in terms of buying a whole bitcoin, when the overwhelming majority of the world's population and those who are able to get into bitcoin are not going to be able to buy a whole bitcoin at one time, and so you are talking about real minority (and even elite kinds of scenarios), and even people who might decide to invest $10k in bitcoin might well not do it in one lump sum.. but instead spread the buys out over a week or two. 

Yeah, there are some folks who have that amount of capital, or even 100s of thousands of dollars in their investment portfolio, and they may well be willing to allocate the quantity of a whole bitcoin at once, but still seems like a pretty small minority of people and likely NOT the kinds of people coming to this thread as newbie bitcoiners...

Sure you have some decent points, but you are still framing the whole hypothetical in kind of dumb-ass ways. .including a kind of presumption that there is a necessity of getting a whole coin or a whole coin at once.  Yeah, some people are dumb like that (and maybe quite a few people who do not know about bitcoin are thinking in those kinds of terms) , but there is no need to be enforcing those kinds of dumb ideas, even if a lot of people think about them and even don't really realize the power of the satoshi... which likely just means ongoingly cheaper sats for those of us who better understand ideas of divisibility.


If you have a system in place that both provides you comfort but also that you have various plans for a variety of scenarios, then surely you are likely to be more prepared when those scenarios play out and even sometimes more prepared when the BTC price might go beyond some of your anticipated scenarios. which does happen from time to time, and so we likely do not need to necessarily agree upon the various ways to structure the plan in order to recognize and appreciate the various problematic natures to attempt to play the shorter waves which is selling on the way up and expecting to be able to buy back.  Surely, I am not personally against the idea of selling on the way up, but I think that it is quite problematic if any of us are selling on the way up and expecting to be able to buy back.. that just does not seem like a good mindset and/or a good framework, even though many normies do get sucked into trying to play the market in those kinds of directions and likely an overwhelming majority of the ones playing those kinds fo games would have had been much better off to just focus upon various ongoing buying techniques and/or buying on the way down techniques..

but at the same time, any of us might be able to recognize and appreciate that some people might have goals in which they do want to cash out some BTC at various points in time, and hopefully they do not end up having regrets in terms of selling too much too soon.. which surely does end up happening quite frequently in bitcoin's history, and really there is no reason to speculate that these kind of tendencies to sell too much too soon are not going to continue to take place.

No, my point in this is that we don't have to hate fiat and not be in it because we still need it for our daily needs and indeed until now I still have a dependency on fiat (to support my daily life) so there is no need to feel that fiat is a mistake and btc is right because at the end of the day their concepts are opposite but it's not a search about the truth because I think both are right but their functions are different for me.
Bitcoin I use as an investment tool for my future but fiat I use to support today's needs. As long as both are still useful then I will continue to use both so there is no concept of wrong and right between bitcoin and fiat and they are also made not to blame each other.


This is a good point and I like the addition that you gave and thank you for this because I will probably add this also as a strategy that I do for my support when investing because what you said makes a lot of sense and I can still do it.
Because indeed I still feel for now rather than we force trying to buy too high but instead it interferes with other needs it will actually make ourselves not be optimal and will actually mess up the initial plan so it doesn't matter if the DCA is lowered a little like 10-20 percent but it can guarantee you are able to do it well rather than forcing the will with 30 percent as a benchmark but instead it ruins the scheme that you will make for the future.

You are correct but perhaps having a note to take down the date which you intend to regularly accumulate may not really be necessary because so long as investment on Bitcoin is concerned there is every tendency that the possibility of always meeting up with your weekly accumulation process may be hampered based on other urgent needs, so in that case as a good investor you should be able adjust your investment levels the way it will suit your accumulation at that moment.

So perhaps in that scenario if your accumulation patterns are on weekly basis you could adjust it by making it two weeks instead of weekly in other to sorts out the urgent needs and before you could go back to the normal weekly accumulation.

I know that what gives you the courage and confidence not to worry about your crypto investment is that you invested in bitcoin, not an altcoin. If you have invested in altcoin, you will know that altcoin investments are not good to be held for so long in bad market conditions without making haste to sell them off asap because of loss of profits.

Needless to this, it is good that many crypto investors have known that the best investment one could have is bitcoin. Having it as a long-term investment plan gives them profits. Whether the price of bitcoin declines badly in price, it will surely increase back in price with time. It is all about them being able to hodl it safely in their portfolio and not on exchange. Every other price decrease in bitcoin will be a thing of the past once the bull run kicks in

Mate what are you waiting for that you have not started your bitcoin journey? Are you waiting to have big finds before you will invest in bitcoin. NO, you can invest with any amount of money for as low as the amount you can afford to buy as long as that will not affect your monthly expenses. Don't let this opportunity pass you buy because you will regret that you didn't start now when the time comes. Bitcoin price is still at the favorable time for newbies to buy and set aside a certain amount that they can use to DCA regularly to increase their bitcoin portfolio, since you have just few sats in your bitcoin portfolio. As you can see that bitcoin price is going high and we are also expecting the halving so it is better you start now that waiting because nobody knows the next price that we will see. Procastination is a delay to success and not an excusing for missing out this great opportunity. It is only if you don't believe in bitcoin that you will have a meaningless reason for not investing now. If you don't have a job because it is needful to invest in bitcoin, get a job and if your income is little that you cannot invest from it, then look for another means of income. Who knows if your bitcoin investment will be a game changer for you in future.

A newbie should not only invest now and hodli but to also thinking of how they can make plans on how much they will be using to buy bitcoin regularly, maybe weekly, monthly, or quarterly through DCA because you are a low coiner, so that in 4-10yrs time they will be able to have a goof amount of bitcoin in their portfolio. This is because investment should keep on growing in size and in value to show that there is progress in that investment. If your bitcoin portfolio is stagnant, it means that you will not benefit from it that much even though bitcoin price hits 100k. This is because the profit from your bitcoin investment will be directly proportional to the size of your bitcoin portfolio with timeline and vice versa.

I don't see bitcoin price speculation as a problem for a newbie who has set a long term goal for himself and has a bitcoin target that he needs to reach. This is because the basic knowledge of bitcoin says invest in a long term goal to lower the risk of short term and be safe from worries of bitcoin price fluctuation. It is only a newbie that has the plan to invest in a short term that can get himself distracted with bitcoin price speculation and get himself stuck at the middle and either ends up missing out of using DCA strategy to increase his bitcoin or will make wrong decisions that will cost him a lot. DCA has solved the problem of price speculations and discouragementt and fears if you are in a long term investment