Topic: Buy the DIP, and HODL! - page 414. (Read 108284 times)

I don't know truly for certain how this particular theory about the price dropping before the bull run is but if it eventually plays out like the way you say it then that will truly be a perfect time to buy although I am planning to wait for that to happen but having that in mind is actually  not also a bad idea as I do buy Bitcoin on a daily basis.

Another thing to know about bullrun is that it does not occur in a one way direction like that, it might have pump up far enough and still begin to dump and continue with both process for a while before it suddenly pumps again very high, what makes it noticeable is the fact that in such period, the market becomes highly volatile then the market experiences more of bull than bear as the resistance against the bear market keep increasing during such period.

Market sentiment and holders' actions are the activities that always outplay before and after any bull market and the amount of buying and selling make up for the overall activities in the market that provide us the data to base our analysis of the market on,  so we have to expect whatever price directions be is fall of rise before the next anticipated bull market which we don't know when exactly that will happen,  but it is expected to come after the Bitcoin halves which is sometime around 2024.
The weak hands will sell off forcing the price to deep,  but more also those who already understand the market behaviour already know what action and direction to take in this situation as we approach the half-speculated date.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

I'll answer it for you but based on what I understand, so don't swallow it whole so you have to decide for yourself.

The first, is DCA or stands for Dollar Cost Averaging, which means saving regularly. Ideally you should have a stable income, if you work and get paid weekly or monthly then the percentage of Bitcoins should be taken into account. For example, if your monthly salary is $300, then 10% is used to buy Bitcoins, withdraw whatever you want to a cold wallet and remember, don't store your Bitcoins on centralized exchanges like Binance, KuCoin, Mexc, etc. According to your goals, you want to hold Bitcoin in the long term.

Second, if on the other hand your income isn't as stable as your friend's but you keep investing in Bitcoin, it's just that your buying patterns may be erratic depending on whether you have the money or not at the time. Is that bad? Of course not because basically being able to buy one is already a good decision whether you want DCA or not. Because the most important thing when buying is to make sure the bitcoin price is in a bearish trend or a red candle.


Third, here it seems like you already have pretty good basic knowledge about Bitcoin plus you already know what the risks are when investing. I think it's enough as the main foundation, it just needs to be executed in my opinion. Because you already know the risks and already have a steady income compared to your friends' conditions, you may be able to collect more Bitcoins more quickly.

Just a note for you, the idea behind DCA aims to educate investors to have disciplined habits in order to achieve bigger goals in the future. Hopefully this can help and strengthen your determination in investing, the pros and cons of the explanation above, please only take the positive side. I, you, and everyone are still learning so don't be shy to ask questions and keep reading more from reliable sources about investing so you don't lose money by mistake.

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

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Life of a crypto man has always been of regrets. Starting from Bitcoin mining to Bitcoin trading. Human being are insatiable, but I see that the short time investors are the ones that always lament about not buying earlier.

Buying the dip is the best option. No matter how the dip might look. Sometimes people always want the dip to fall below $20k before buying, but anytime Is a right time because the future is still bright according to btc analysis

Its interesting you ask for advice. During the previous bull cycle I was kicking myself for being too conservative DCAing and not just trusting my instincts about Bitcoin. Now, during this bear cycle, I'm thankful I was prudent and didn't go balls deep buying Bitcoin, so I still have plenty of water in the tub to DCA at these lower prices.

So basically, in my experience no matter what you do you'll have some regrets after the fact with the benefit of hindsight, but I think the safer more conservative route probably results in less extreme regret... So I'd say steady, sustainable DCA is the way to go.

Sorry if it disturbs your discussion, lately I often hear how almost every time I meet my friends talk about investing in Bitcoin in the DCA way, I am curious and finally know the general description of DCA, which is to allocate a certain amount of money to invest regularly as you said. Does DCA here have to be supported by stable finances? for example, having a steady income from work which can later be used to invest more regularly.
I say that because my friend's discussion with his financial condition was clearly inappropriate. I mean, their income is unstable but investing the DCA way.
What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.

Bitcoin's market high (ATH) position is usually reached in the years following the year in which Bitcoin's halving begins. If you look at past halving records you will get a clear idea on this. Bitcoin halving started on November 28, 2011 but the following year on November 28, 2012 Bitcoin ATH happened and the market grew by 8000%+. If you look at the above picture, you will see that the year Bitcoin halving started, the same day the Bitcoin market peaked on that day. Bitcoin's fourth halving will take place in 2024, and according to past records, Bitcoin's market maximum (ATH) is expected to be in 2025.

This always happens, will happen, always. It's like a known pattern for Bitcoin. I have been watching it for many years. Bitcoin would fall to it's lowest. And after the fall it would slowly start to increase again, it may stumble upon the road but it will surely increase & it's happening rights now. Even if the market crashes or Bitcoin get a big loss, it always comes back. That's why I believe in Holding. & off course it would be for long term.

Let's see by the end of 2023 what Bitcoin has to offer us.

Yes, of course, to get more profit from Bitcoin, you need to hold it for a long time. Those who are not confident in Bitcoin, when the price of Bitcoin drops a bit, they get worried and sell Bitcoin. But later it was seen that the price of Bitcoin increased again. Those who are confident in Bitcoin never sell even if the price of Bitcoin drops slightly, they hold Bitcoin for long time. So hold bitcoin for a long time to get the bull market. Expect to see a bull market in 2024-25.

Those who have enough faith in the market and hold their coins for the long term end up doing well. All crypto markets, including Bitcoin, have been bearish for a while now. Bitcoin market was hovering between $25K to $26K a few days ago but suddenly we saw a big change in the market. Within a short span of time, the price of Bitcoin reached $27.5K. Even after the market has come down a little bit, those investors who did not sell their coins but they were waiting for a good time, they got something good from the market at the moment and those who got excited and sold their coins at that time, but they could not catch the bull market. We hope that those who have held their investments till now will hold their investments for a longer period of time as we expect some better times in the market ahead. So if you want to achieve something good, you must hold your investment for a long time.

For sure it is not easy to strike a comfortable balance in between holding some cash for just in case the BTC price drops more and making sure that you buy a sufficient amount in order to be content with the price going up rather than down.  If the price goes up and then you start to panic and to buy some more, you likely did something wrong, but those kinds of things can end up happening to anyone, even those who might be buying regularly and buying on dips, and then if the price bounces 10% or even 40%, then they end up feeling a kind of dread/panic about not having had bought as much as they should have bought when the BTC prices were lower.

People are terrified right now, which is understandable. However, I will stand by my conviction that bitcoin will go up, and that these are the most favourable times to invest in it. DCA is a useful strategy for surviving in these circumstances without becoming upset.

Yes i am buying the dips!  And DCA is a useful strategy for surviving in these circumstances without being emotional

DCAing is my best options, Always better buying in these times than in ATH territory tho. I bought the dip last night and going to buy some more tonight. I know it ain't that much but I can't miss these bargain basement prices. At times every time I buy it dips a lot more. What I am just learning is to just buy much smaller amounts that way I am not losing as much as I was before, am not really bothered tho because am holding for long

Who gives any shits about what people may or may not be doing unless there is some kind of context for it.

For example:  In the context of the topic of this thread, what are you doing?  


Are you buying dips?  Are you DCA'ing?  Are you lump sum buying?  are you just waiting? or some combination of those?

Pray tell.

I know there have been a bunch of people saying the market conditions are changing. And we are closing in on a halving which historically indicates a bull market.

REGARDLESS of people saying that Bitcoin is on its way to a million in 12 months (it’s not). Buying is still a sound advice.

The bottom has past Bitcoin could not be touching 16-17k again possibly ever and Bitcoin has found support as high as the 28k level. Majority of BTC addresses are holding. Even with wars, fed rate increases, government policies, inflation, is doing extremely well. It doesn’t make sense for such a large back track now and people will continue to accumulate and hold waiting for the halving.

Your phrasing of this sounds weird because I had actually gotten my average price per BTC below $500, but the mistakes that I made along the way, had caused the average price per BTC to double... so it is like losing half of your stash, and if you had gotten 4.2 BTC for $2,100, so your average cost per BTC would have had been $500, but when you end up losing half of them, the total costs may well have stayed in the same ballpark, but the quantity of BTC ends up being 2.1 BTC rather than 4.2 BTC, and so therefore your average cost per BTC ends up being $1k per BTC rather than $500 per BTC due to mistakes that were made.


In the first few years after I got into bitcoin it seemed that quite a few guys wanted to try to get 100 BTC, but at some point a common BTC accumulation target became 21 BTC, and then it got down to 10 BTC, and then recently even 1 BTC was seeming unattainable by a lot of newbie normies, so many times many forum members were talking about setting BTC accumulation target levels that were manageable and symbolic, so that is where 0.21 BTC comes in, and my claims (admissions) of having more than 3x the amount that some newbie normies were trying to reach for their beginning BTC accumulation target levels.

It is already starting to make sense to start talking about these BTC accumulation level targets in terms of satoshis, whether the goal might start out to be 1million satoshis, and then maybe become 21 million satoshis and then maybe to shoot for higher levels after reaching those amounts and then considering bitcoin whales as those persons who have more than 1 billion satoshis.


Yes.  I have already created some variation of that kind of a table for myself.. and I am just considering how to post that information and to put in the hypothetical 21 BTC (and I am thinking about using January 2021 as the hypothetical start date.. even though  maybe it might be better to have it as more of a contemporary chart that can be built upon from a more recent point in history) and to discuss how to spend the BTC contained therein in a kind of sustainable manner based on movements actual BTC price relative to how the 200-week moving average changes.. .. and probably I would prefer to have a new thread.. .rather than putting that in my BTC investments ideas thread.    

Once I decide how to put it together and to post it, then maybe i could provide link here.. but it is going to be more able sustainable selling. which this thread is not talking about. .but it is likely that many of us participating in this thread are building up our BTC stash in order to be able to later be in a position that we can live off of our BTC in a somewhat passive way, even if the BTC accumulation level target points will likely be different for each of us and also it could take some members 10, 20, 30 or more years before they get there.. and maybe some members will want to get there way earlier than their quantity of BTC holdings would justify... but of course, individuals choose what to do and when to start, even if they might end up making mistakes with how they end up carrying out their plans.


Well, if you look at the BTC price chart from April to June 2019, you will likely see or realize that there were many bears who repeatedly got reckt when they kept shorting over and over and over, but the BTC price ended up going pretty much straight up around 3.5x from $4,200 to $13,880 and a lot of the then shorters got pretty damned reckt with their continued thoughts of identifying "shorting opportunities" that were presenting themselves but ended up not being as great of opportunities as they had appeared but instead a way to give away your bitcoin or whatever asset you were using to collateralize your then persistent shorting attempts.