Topic: Buy the DIP, and HODL! - page 42. (Read 138767 times)

No,  I disagree on your statement I made bold  here, buying and selling of Bitcoin has nothing to do with gambling, those sets of people buying and selling of their Bitcoin holdings for minimal gains are trader, though you are actually right on the aspect that they are missing out on the bigger picture, because they way Bitcoin is wired, it's more beneficial to hold longer than to be buying and selling for minimal gains that can't impact their financial status or changes their financial history forever .
So timing the market thinking you can buy low and sell high is a complete waste of time because you will surely miss a whole lot of buying opportunities along the line just you have rightfully said, while missing out on something big that can change your life for ever on the longer run.

Those who don't have money to invest will not really regret it later but those who had enough money to invest at one time and those who knew about investing but missed the opportunity to invest at that time definitely didn't invest at one time. You will regret it. We believe the investment journey is very simple. Just buy bitcoins with some amount of money and after some time sell that investment and it will make us profit but investment is not like that. Those who invest in long-term plans actually know how challenging it is to hold on to investments.

You said in your first statement that when the price of Bitcoin comes to a low, some amount of Bitcoin can be bought and held in the DCA investment method. I would like to ask you a question about how we know when the price of Bitcoin may be relatively low. Or when the price of bitcoin is at its lowest, we can buy bitcoins at that level. If the price could be fixed then no one would lose money by investing and everyone would gain a lot of money.  

Bitcoin price has touched $20k to $100k and we have seen many changes in the market due to this price gap.
Now naturally I can say that when the price of bitcoin was 20k dollars we waited for the market to come to 15k dollars and when the market came a little below 20k dollars we still didn't invest. From that stage the market has now touched $100K and now we expect the market to come below $100K.  

Here I want to make one thing clear that you can't just sit back and wait for the market to come down because the market can reach any level at any time. All we can do is invest money consistently with risk so that we don't regret that we missed an investment opportunity.

At the current level of the Bitcoin market, most investors feel that the market will dump a lot from this level, which is why many investors are currently refraining from investing. This is the first time that Bitcoin has ever touched $100K and the market seems to be in this position for a long time. But if anyone has doubts about this price of the market and if it seems that the market will be relatively dumping from here then I would like to tell them that you can wait for some time. But those who believe in consistent investment those who invest in DCA investment method can maintain the consistency of investment with relatively less amount if they want. Because we don't know whether the market will dump from here, but there is a possibility of pumping as much as there is a possibility of dumping the market from here.

Dips are for buys

Don't know where we are going but still trying to wash of the hands that are weak in the market so don't be that week hand buy and become stronger 💪.

I guess this is our last cheap for 2024.

This thread title still remains buy the dips and Hodl..... where is the dips???  now is the dips

The present market condition is another another opportunity for those of us who understand the market to take advantage of while the rest of the public have been thrown into panic mode with the media adding to their pain. About 10% drop in price from the ATH is a massive opportunity for us to gain if we start buying at the current price and gets back to where it came from, which will eventually happen because I still believe we have not even gotten to the peak of this market cycle.

Both those buy the DIP and those using the DCA method or hybrid method will find this correction interesting to collect more Bitcoin. I'm particularly excited seeing this correction because I was afraid I will never have to buy Bitcoin below $100k. Lets get to work and see what the future holds for all of us. Good luck Bitcoiners.

Surely those people who push the sell button to keep there  money in a more stable coin are not bitcoin investors but rather gamblers who thinks they are smart, or seeing their strategy as being smarter than others but are missing out.  Selling and waiting to buy more when it's dips is not a good one because surely there are times when you sell bitcoin and keep it on a stable coin and expect bitcoin to dip more to accumulate, and bitcoin will increase  drastically leaving your fund in a stable state,  then you will need to buy bitcoin again when it is above the price you sold initialy.  For example a person who sold his bitcoin today  @97k due to panic of not falling below $95k may be waiting for more dip, and unexpectedly bitcoin will recover to $107k or may create a new ATH of $110 then such person will need to buy bitcoin at high price of $110k as a result of his ignorance or trying to be way smater than others. So we should try as much as possible to buy more bitcoin in each dip from our discretionary income instead of selling our holding to buy when it's dip. I know this is not your idea but an assumption if some people,  but just want to use it as a point of contact to pass it as a message to others who may not be familiar to it.

As at this time, bitcoin is about 97.8k. this shows the flexible and almost negligible pattern of Dip experienced by bitcoin lately since hitting 100k. Waiting to buy with DCA is one of the reasons many investors never get to accumulate more bitcoin over time. Some panic investors as you mentioned had already sold at 95k and are already regretting in less than 12 hours still within the Dip. A continuous accumulation of bitcoin helps an investor to avoid watching the Market price always which can lead someone to panic sell.

It did go to as low as $95,587.68 according to Coinmarketcap, but I would say that it's not that big of a dip, and we all know that if there is a negative news, there will be speculators that are going to push the sell button. Maybe they panic or just want to hedge their Bitcoin and put it to stable coins to stop the bleeding and then comeback when the price is making a good recovery.

And if you have to think about it, another best time to enter isn't it? prices is way below that 6 digits and we have heard people saying that it's too expensive. But then didn't go and buy when the price is like <$60,000 a couple of months ago. But now, with the FOMO, just a minor dip and they are going and wanting to scoop some, LOL.

Definitely. The key to sustaining a good withdrawal strategy has always been and will always be to first of all achieve a state of over accumulation or to first reach the fuck you status, because this is the only way that one can ensure that one’s withdrawals wouldn’t compromise their long term plan or the growth of their investment.

It’s very important and essential for investors to constantly access their overaccumulation status before thinking about implementing a withdrawal strategy, especially when considering a strategy as aggressive as 10% per annum. If an investor have checked the status of his stash and have discovered that he hasn’t reach a fuck your status or a somewhat assuring level of overaccumulation, then it’ll be more prudent and advisable to lower the withdrawal rate to lower percentage, enabling their portfolio to grow some more.

There’s still every possibility of potentially increasing their withdrawal rates in time to come, maybe after they’ve ran another assessment on their portfolio and discovers they’ve become more comfortable with their overaccumulation or have reached a fuck you status. When it comes to Bitcoin accumulation, every investor should know too well as to prioritize long term goals over the short term, thus this flexible approach can potentially help the investor to strike a balance on how they intend to manage their need for liquidity as well as focusing on their portfolio’s long term growth too.

Its normal to check the price since there are so many sites give us a glimpsed on what is the current figure of Bitcoin. Because somehow we could still get some update on the price of Bitcoin since we are regularly accumulating. For sure we could see the current value of Bitcoin on exchange. The only problem there if they are unstable and easily get panic when they see a dump. But this emotion only occur with newbies so maybe people need to erase this in their mind and just think about it that they can always take advantage with the dump happening.

For example right now we see the current value at $97k as of this writing instead of getting afraid for situation and dump their Bitcoins they could take advantage on current things happening and accumulate at that price level. There's huge chance that Bitcoin would recover and cross again at $100k+ again. If they won't take any action for sure that they provably regret not to buy when this current figure show up.

Bitcoin investment and applying DCA is really easy, we don't need other complex matters just to make this to happen. Its our patience and guts to start so that we can make everything work out according to our set plans.

That's right sir, we have to know when this should be planned and when it will be done. For that I myself consider that btc ownership is still far from my target so that accumulation continues as usual. There is no fear at all because there is no satisfaction in myself so that routine purchases must continue for the next few years.

If you look at BTC from year to year, of course the price changes and that makes planning every year change, meaning that every year scarcity will occur, the holder will win, that's what I often hear, so we want to be winners in the future so we prioritize continuing to buy and hold it.

I think you are also a winner, because you have held bitcoin for a long time, are you satisfied or do you routinely continue to buy btc.

So what do you think. Seeing the enthusiasm of the US people if the changes to the Constitution under Trump's leadership will be better. I mean are they US citizens no longer afraid to invest in bitcoin. I once read in an article on X that they are US citizens afraid to invest because of the pressure that covers their minds. Is that right or wrong.

I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.

There's no problem watching the price , the only when there's problem is when you're checking the price on a regular basis which shows that your emotions are been put to the test,  and one thing you have to know as an long-term investor, is that there's no right time to buy bitcoin, aslong you have the discretionary to invest and the basic knowledge on how to go about it , your literally good to go , investing in Bitcoin is not as complex as are most people paint it to be, is just all about discipline and principles.

I don't agree with your first two  line of sentence, saying this is one of the thing that makes investors commit mistakes in their journey @focusing on the price always is a wrong statement rather you would have said that it is one of the thing that makes some investors not to do well in their investment and not investors because you are generalizing it, not all investors are been moved or carried away by what the market present at a particular or given point in time.

However, checking market or monitoring the market can be tempting especially to a newbie that doesn't understand how the market move or works though checking or monitoring the market is not  bad but one shouldn't check with the intention to see profit immediately because some investors, after investing they are always checking the market to see if they are on profit or if there investment is making progress this kind of investors are the ones that can easily spoil their investment because of the intention they have.

I think that this kind of a strategy, including withdrawing up to 10% of your BTC stash per year should be able to work for anyone, and the main thing that has to be assessed is to have reached a status of overaccummulation by 10% or more before beginning such a seemingly high rate of withdrawal, and if the person had not reached such overaccumulation status, yet if he still wants to begin a sustainable withdrawal approach to his BTC, then perhaps if he is not at a level of comfortable overaccumulation, then he would start out with a lower withdrawal rate to allow his BTC to continue to gain in value and perhaps to increase his withdrawal rate as he becomes more comfortable with his overaccumulation level to be able to then withdraw more aggressively, including as much as 10% per year.


Loans can have various kinds of terms, and they can be tough calculations in terms of whether a person's income can support the loan.  Many folks are not able to get 4-5 year loans and they are stuck with loans that are 2 years duration or less..... yet for sure in bitcoin it becomes better if we were to be able to get loans for more than 4 years. 

If a person has an income of $2k per month, and expenses of around $1,200 to $1,500, such person might not be able to buy more than $100 of bitcoin per week without potentially running into jeopardy in regards to the limits of his discretionary income. 

Getting a loan could front load the bitcoin investment, but it still might be questionable how much of a front loading that a person might want to do.  At the rate of investing $100 per week, the investment amount would be around $10k per year, and so if such guy was able to get a loan for $10k, then that would be nearly 2 years of front loading the investment.

We would still need to look at the terms of the loan, and maybe to be sure that the loan is able to be paid off, the guy uses the loan to buy bitcoin, yet at the same time to save the amount of money that he would have had otherwise invested into bitcoin in order to be able to pay off the loan at the end of the term.. so if the loan was two years, then he could save the amount that he would have otherwise invested into bitcoin, since he had already invested the $10k from the loan into bitcoin. 

Maybe the loan has an origination fee of 1% ($100) and also maybe the loan has something like 6% annual interest rate, so then if the loan only has a 2-year timeline, perhaps minimum monthly payments of 1%, then if the person is making the minimal payments then after two years, nearly $9k will still be owed on the loan.. so after 2 years, the guy might have to make sure that he has an extra $9k so that he would not have to cash out of the BTC that he had bought.

Even if the loan had a 4-year term, there would still be nearly $8k owed on the loan at the end of the 4 years (that is if minimum payments were being made.... so with a 6% annual interest rate, then 0.5% interest would assess each month, and if the minimum payments are 1% then only double of the interest is being paid, so the principle of the loan is coming down very slowly). 

Anyone getting a loan would want their investment to perform better than the interest rate on the loan in order to justify getting the loan rather than just buying bitcoin every week with their income and not having to pay the interest on the loan, so it is not totally unjustified to get a loan if you can figure the interest rate of the loan, but surely there could be needs for separate funds and more challenges to build up the funds if the loan term is shorter and if the person might have uncertainties in his cashflows.

Some many Bitcoin enthusiast are probably waiting on the price to slash back to maybe $50k or below which is possible and also not possible as no one can tell but this type of mentality only gets you nowhere and also the reason I feel most persons are waiting on the price to dip before they start buying is because they actually don't know or plan on holding their Bitcoin for long term purposes because if they understand the truth about Bitcoin then starting now is probably the best thing you are doing for yourself although the idea of long term must be installed at the back of your head.

When you start your investment now and continue buying no matter the price change you will find out you might have stashed up a lot of Bitcoin in your portfolio after consistent DCA buying and also when that particular Dip comes during the bear season you might double up your money used in buying to get better value as the price is down but one thing is certain if you consistent and that's growth in portfolio no matter the price difference because after holding that coins for long, Bitcoin is still going to go up even up $500k someday so just consistently buy and hold and when the dip comes you even buy more and more.

That's one of the things that makes investor commit mistakes in their journey @focusing on the price always. The effect of steady price watch can cost you errors of bad decision because you would be fluctuating when it comes to staging the right price to buy but if you have a steady flow chart of buying no matter the price then even the big dip that would come after the bull won't scared you infact that would even be a better opportunity to buy more but the fixed thought that covers all the motive is when you are fixated on not selling your coin anytime soon.

You can only identify the dip when it comes because the price of bitcoin will reduce in value just as it has dip to $98k+ currently, as I am typing this post. You cannot know when the dip will come because nobody can predict the price movement of bitcoin making it impossible to identify the next dip.

Trying to identify dips, shouldn't be your concern or priority but to keep your bitcoin buying regularly without interruption, and how to increse your income so that you can also increase your DCA amount to faster growth of your bitcoin investment. Those that are waiting for the dip, bitcoin has given them another opportunity to buy bitcoin now that the price is 98k+

This is just  another  perfect way to say it ...
It seems most late investors are focusing more on the price and chart instead of increasing their stash  within the short range and privilege  time they have before it increases once again, not saying  investors can't buy when  it's getting higher ( all entry is fine  so far it's long term holding) but it's not getting cheaper , there's no reason to focus on price especially when it's dipping.

Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper ...

First advice for you is to read my post carefully. I may have mentioned that if one has a fixed source of income, he can invest with loans without any problem. Since he has a fixed source of income, if any person invest with loan they don't have to worry about selling their investment later to repay the loan. It means that suddenly we need more financial than necessary for very important work due to which we spend all our monthly earnings.

So at that time we cannot buy bitcoins for investment. At that time if we borrow some money to buy regular investment then maybe our investment will not stop. Since we have a fixed source of income, we can repay the loan later with the money we earn from that source of income.

I'll include that link in the OP, to remind everyone that we are not here because we're "trading", or merely "gambling" in Bitcoin for profits in fiat. WE were here because we want to be participants in an invention that's becoming this generation's Tour De Force, just like the invention of the printing press, the telephone, air travel, the internet, and many more that changed history.

Plus plebs front-running the billionaires and the government feels like, Victory.