Topic: Buy the DIP, and HODL! - page 431. (Read 108253 times)

If you are accumulating bitcoins on a daily basis, you are doing very well.You are right that Bitcoin is getting cheap at the moment and whoever invests here will make a good profit in future.If there is a tradition of saving money in your environment, then investing this saved money in Bitcoin is likely to bring the best result.Buying and holding Bitcoin at the current price is a good strategy because the bear season is not over yet.Surely you will be able to earn a good profit in the bull season from your strategy,and most importantly, your chosen coin for investment is very reliable and has potential.

Every investors should accumulate enough coins now, I am trying as much as possible to accumulate more BTC for the next halving period, we are all expecting it to be either April or may so is good to hold and accumulate more Bitcoins before that time.
I totally diagree with your opinion, those who know bitcoin knows the importance of Bitcoin before joining the community by investing on it, and again yes every investor need the ideas of other nvestor's so that the market will not be inactive that's why we have Bitcointalk, a place were we talk about bitcoin and it price speculations.

Your well thought plan to accumulate Bitcoin below $30,000 is a disciplined approach to take advantage of current lower prices of Bitcoin. This opportune moment presents the potential for favourable outcome in the long term. Moreover, this is the right time to buy and hold Bitcoin as halving event is only  eight months ahead, and many EFT applications are in process, in particular BlackRock ETF. These crucial events can potentially trigger significant buying activity in the market, and Bitcoin may surpass its next resistance level of approximately at $32,400.

I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.

Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,

I have no dauth that some investors don't really know the meaning of bitcoin and what crypto currency is all about, as bitcoin is the leading crypto in the market that's why investors are hoping in to make good profits in future, some investors don't know how Bitcoin works that why when they invest they just think that all of a sudden their investment will profit them in just a minute, if an investor can understand Bitcoin very well he will know that to profit big on Bitcoin he have to hold he's asset's for a long period of time so that he can accumulate enough coins before he sell.

Studying the market or following it up to get a potential dip so we can actually buy Bitcoin to add to our portfolio isn't a bad idea at all but I kinda feel having a target to the amount of Bitcoin you actually want to buy ahead of the next season is less stressful and caught all anxiousness one might inquire from following up the market on a daily basis, what I particularly mean is to actually just buy when the funds is available just like DCA  having it at the back of your mind that before X date you would have achieved your particular BTC targeted or even more depending on your purchase capabilities.

What people actually do, and what I believe that they should do (for their own good) may well be two different stories, as you suggested. 

There are really smart people who have hardly any clues about how to manage their own finances, and surely there are people who engage in mediocre management of their finances because for sure they have to get used to paying their monthly bills, and if they want to save money on overdraft fees and even exceeding their credit limit, then they should be trying to figure out ways to live within their means, and to manage their income in such a way that they have enough money that they do not suffer from penalties.. but surely people do end up paying a lot of penalties, and then just figure that is the cost of the way that they live when they sometimes want some things that they cannot afford right away.

Yes, we all know these kinds of people and there are likely more basic ways to improve their management of their finances, and there are likely more advanced ways to improve their management of their finances.

People who are more able to aggressively invest and even to aggressively invest into bitcoin (without devolving into gambling practices) likely have pretty good ideas about various aspects of their finances and their cashflow.. including having cushions within their budget too.

Even wealthy people may not manage their finances very well, but they also likely have either a greater income or just a lot more wealth to draw upon if they end up screwing things up... so maybe they keep an emergency fund that is like $100k that they can dip into whenever they are screwing up their monthly cashflows, and then they might have other sources in which they can replenish their $100k reserve fund in the event that their cash flows are not sufficiently covering their monthly expenses.

Even with myself, when I first started in bitcoin in late 2013, I was attempting to be quite meticulous with the various ways that I was buying and keeping track of matters, but after a few years of doing that, there were times in which I felt that I had a much greater financial (and therefore psychological) cushion to be able to not worry so much if I might be paying higher fees, so long as the amount of the various gains were covering the fees, then sure the gains might have had been less, but there were times that I just engaged in ballparking kinds of practices because I could still see that generally speaking, the gains were quite a bit greater than the fees, so then it was worth the behavior to pay high fees because the gains were greater.

So, I suppose part of my point is that a lot of people would likely be advantaged by figuring out their finances better, and maybe some folks who had been failing/refusing to invest into anything beyond maybe their personal residence and their 401k plan would be able to start to invest into other things, such as bitcoin, and the more that they get their shit together in terms of figuring out their various finances, the more aggressive investment tactics that they are going to be able to employ into bitcoin without necessarily devolving into gambling behaviors.

I hope that what most of us of do to accumulate bitcoin but this days the decline movement is very slow so we are still waiting for the decline to go further so we can buy more. Many bitcoiners do not or can not read the movement of bitcoin so they only rely on other analyst to supervise the market and buy bitcoin to their portfolio and as you as said, most of them only check the present moment of the market and once they see the slide decline in the price they would store their portfolio with a good amount of bitcoin against the next bull.

That would have been better but not everyone can analyze their portfolio so many of them ask their friends who is good in analysing portfolio to them, theirs is just to invest. Just like last year, a woman met me and said, I will open bitcoin wallet for her and buy bitcoin in the wallet with $3,000 then whenever bitcoin goes up I should sell it and give her the money and I told her that whenever she is ready she should come. Those people are not even interested to study the market know the amount in the portfolio. So if each person can analyze their portfolio by themselves then it will be easy for them. But it is not possible.

When it comes to analyzing our own finances, each of us should be attempting to understand how to analyze our own portfolios and to figure out how much allocations that we want to attempt to achieve in each of the various categories, including setting our goals and figuring out each of our individual particulars.

Surely, some people do consult with financial advisors in order to help them with their finances, and figuring out how to set each of the categories, and then how to aim towards achieving their various financial goals that would also include attempting to accommodate an appropriate level of psychological comfort too.  The psychology and the finances likely feed off of one another, because if the finances are set in more comfortable ways, then more psychological comfort should accompany that.


One of the most valuable things that any of us can bring to the table in regards to any conversation is various aspects of our personal experiences, and then to attempt to describe how some of those personal experiences might contribute towards our perspective, assessments and opinions, but we have to also recognize and appreciate that we might be wrong about some of the aspects of our assessments of facts, logic, conclusions and maybe even various opinions and analysis, but we might not be wrong about our personal experiences, even though sometimes the personal experiences might not be very relevant to any conversation unless you figure out ways to include them into the discussion (to the extent that you are even willing to give up OPsec or even to describe personal experiences in such a way that might not give up too many OPSec kinds of details).

Let's say that you own right around 1 BTC, and you are proud that you have been able to accumulated so much wealth that is held in BTC, yet you don't necessarily want anyone to know that you own right around 1 BTC, and you might bring up the topic of how you have been diligently building your BTC portfolio over the past 4 years, and you have made some mistakes along the way, but overall you are happy that you have been able to accumulate your BTC for an average price that is less than $20k per BTC, so you are feeling quite good about that, yet at the same time, you expect that you are still going to need to continue to focus on accumulating BTC for the next 10 years in order to either reach your accumulation goals and/or for BTC prices to continue to go up enough that you start to feel comfortable that your BTC accumulation levels might allow you to be able to discontinue working - if that might be a goal of yours... so maybe your goal is to try to double your current BTC holdings in the next 10-15 years, and even though you are not sure about it, you might be able to engage in some kinds of specific discussions without necessarily giving away too many of the specifics... but maybe talking in terms of strategies, or percentages... and maybe you could bring up some examples of dollar amounts or BTC amounts and perhaps use hypotheticals in order to attempt to make your points.. including that some of the hypothetical examples might kind of look like your own situation.. or they might be 1/10 smaller than your situation or maybe 10x larger than your situation. or some other multiple that you choose to employ.

You may or may not need to get into revealing details in order to be able to frame your story in such a way that outlines some of your goals and how they might relate to BTC or how they might relate to any discussion that is going on.


Sure the WO OP has some relevance, but also the WO OP might be misleading.. in terms of the WO thread and some of its history... including that the person who created the thread (AdamstgBit) had largely ended up losing his account in late 2016 or early 2017, but he did not try to get his account back because he was having a bit of a pissy-fit with theymos and even turned into a BIG blocker nutjob, so at one point in around early 2017, theymos shut down the thread, which caused a lot of forum members to get upset and to petition the forum/theymos to reopen the thread and so after a couple of weeks of the thread being closed we ended up electing a new thread owner, which is how InfoFont became the owner of the thread...

Sure there is some history in that thread that may or may not matter, and there were various reasons for wanting to shut down the thread, and even changes in some of the rules of the thread based on some of its historical context.. .including that even before the thread had shut down, it was already being treated as a kind of "almost anything goes - except pumping shitcoins" troll box of the forum..

Ok OK now things make some sense to me, you guys there know each other i means only those who are old poster and must have tagged each other too. Just like you said. I am really shocked to hear that members will also test you like to make me made, or emotional. I still don't get what it will bring on the table other than breaking all the extra confident that a newbie might be trying to show there like you said, be humble, never try to teach those who are already professors and try to learn things by sharing info and accepting mistakes.

i Totally get your point, in my opinions these things or points that your shared with me must be write in the first page of the thread which is shared by OP so that everyone could understand what exactly is going on there and how newbie could settle there. Well Thanks for the heads up.
If you are being helpful and then sometimes mean too then i think its a not a bad deal. I am ok with it. And if you are saying our discussions are off topic then thanks for that too i will try to post some useful content here like related to dip and hodl. Actually someone (you) giving some importance to my confusions too so i started to think i would get some good knowledge about this platform here as you are also old users of this platform. So thanks a lot for that.
No need to thanks dear, you already helped me a lot to settle and understand some things here. So i owe you.

Actually for some people selling some of their assets (bitcoin) and waiting at the bottom price might be possible but I think this cannot be recommended to everyone because obviously the risk is quite high when you sell some and hope to wait for the bottom price but bitcoin is difficult to predict like that what if it happens otherwise after selling bitcoin has increased.

I would prefer if you really want to wait not by selling your assets but looking for other alternatives in spending so that you can set aside for bitcoin.
It will be more worth it, apart from our safe portopolio on the other hand we can also still buy when bitcoin experiences a temporary decline and make our portopolio fatter.
That would be much better especially for those who do not really understand about analysis and only do based on the analysis and speculation of others.

Appreciate your prudent advice to exercise caution while making decision to sell Bitcoin during the  small rallies, specially when the intention is to time the market and predict the movements. Such actions can be very risky, potentially reducing the amount of Bitcoin held. It is crucial to continue holding Bitcoin during the period of market volatility and avoid making impulsive decisions. I firmly believe that exercising patience yields positive results ,when it comes to investment in Bitcoin.

You need to be careful about suggesting that people sell BTC at various price points - especially if you are suggesting that they would be "taking profits" by selling because there are a lot of people who have way too few bitcoin, and if they end up selling bitcoin too early and/or BTC price does not end up falling, the they may well end up screwing up and engaging in bad practices - including that this thread is not really about selling BTC to make profits, but instead investing in the long term, continuing to accumulate BTC, and perhaps down the road many more options could well be available due to a practice of primarily accumulating BTC over many years, even if there are UPs and downs along the way.  

We cannot necessarily know at which points most people are going to have had reached overly high levels of BTC accumulation that might make it prudent for them to shave off some BTC along the way, and maybe selling a low enough amount that they are not worried about if the BTC price never ends up dropping down so that they can buy BTC back from the proceeds of the BTC that they had sold...

Again, most people do not have enough BTC.. so it may well take a while before building up enough of a stash in which the BTC HODLer might be starting to fell that s/he owns too much BTC.

Another problematic area in which you are suggesting to sell around the time of the halvening, and sure maybe a BTC pump will come around the halvenings, but several times, it has taken several months before the supply constrains (that are a result of the halvening) are starting to be felt.. so for example in 2020, the halvening happened in May, and there was a bit of a prehalvening pump, and then there was a pump at the end of 2020, and then there was a pump in the beginning of 2021 and then there was a pump at the end of 2021.  So how are you going to know which pump and hopefully people do not sell too much too early, even though we know that many times there are folks who end up selling way too many BTC too soon.

Similar in 2012 and in 2016....there were several times in which the BTC price pumped quite a lot, but it kept pumping.. so some guys sold too much BTC too soon in each of those pumps, and then they end up having regrets about it. .including not knowing when to buy back and sometimes ending up buying back higher than their sell price.. and all kinds of weird things can happen when BTC HODLers sell way too many BTC too soon and speculate that they are going to be able to buy back cheaper but the BTC price ends up continuing to go up and they would have had been better off to not have had been fucking around with selling in the first place because they did not even have enough BTC in their investment portfolio.

It's a good time to buy the market is starting to drop to 28k$ but still holding on to 29k$ I was really hoping it was going to drop to around 20k$ or even lower again but its looking really difficult that its going to happen, It's surely going to be a huge mistake not accumulating Bitcoin at this point I mean everyone is already aware of the Market cycle and in my opinion, most of the people are going to be ready for the Bitcoin halving, but we are lucky that the hype of Bitcoin halving is still wasnt trigger, usually in my experience there are going to be a huge pump if the Bitcoin halving is near within a few months of the bitcoin halving, so that is also a good opportunity to sell some Bitcoin in my opinion if your planning to take some profit. It's really important to have liquid fiat money or saving at this point because that is the money that you could use to invest once that market price or you have money that you could use in case you have an emergency.

I did this mistake last bull run not accumulating a lot of Bitcoin or cryptocurrency I was a little late but still make some profit, so i just want to buy or accumulate more as soon as there is still time to do it.

Only naive people, lay people and people who don't understand standards equate bitcoin with shitcoin and this should be straightened out from the start and we may be able to tell the lay people but not the naive.

On the other hand, what I think now when we discuss about crypto then there will definitely be a sub discussion of bitcoin because bitcoin is one part of it but if we discuss about bitcoin then it is already specific as I said before so we cannot mix bitcoin with shitcoin.

That's the point, although maybe for some of us we might understand that but of course for most people it's going to be ambiguous in terms of terminology.
As for when talking about price speculation I won't say much considering I'm still enjoying this thing at its current price.
But only one thing is certain right now, sooner or later everything will change and all we have to do is wait and relax without thinking about fluctuations and buy if we have a purchase plan with the money we have.

Yes but those who embraced bitcoin know the important of bitcoin but just that they don't know how to use it but they know that bitcoin is a digital currency but don't know how to go about. So they need you and me to enlighten them. In my country the government used the Central Bank to ban the transaction of bitcoin in the banks but the purpose of bitcoin is utilized very well which is the p2p transaction. Even when the government banned bitcoin in their jurisdiction they can't ban the individuals to use bitcoin and that is where p2p transaction come to play. Yes businesses are adopting bitcoin in their payroll.

Bitcoin have gained ground no doubt but a good percentage of the world population are yet to embrace Bitcoin. Remember that government policies in some country slow down Bitcoin awareness and penetration.  So, I wouldn't say we are there yet as I still see Bitcoin as something that is making way into the mainstream.

Interestingly, a good number of businesses I know of are implementing Bitcoin payments and many are seriously considering same. As a matter of fact, I am also working on a project that will push this further in my locality and at a later date I will share details here for more suggestion and guidance.

You don't necessarily need to understand all of the posts, and since the thread is over 10 years old, sometimes members will bring up their memories of topics that had been discussed months earlier or even years earlier, and surely sometimes the reference might not be clear.  You could go back and read some older posts or just jump in at any post, and sometimes members might attack you for being a troll, a newbie to the thread, a shitcoin poster, but if you are posting about bitcoin and you are asking questions and trying to share information rather than trying to act like you know everything, then generally members will be more open and receptive to your posts. 

I know that sometimes when the BTC price is not moving very much or maybe if seemingly negative things are happening in bitcoin, then there could be some of the members who have stronger feelings about certain topics, too... 

I started posting in the thread in February 2014, and many times members would ignore my posts, so it sometimes can take a while for other members to get to know you, and sometimes some them like you and some of them hate you for some of the things that you post or maybe sometimes they have their own issues and/or pet peeves, or perhaps some of them might be trying to test you. .to make you mad and to see if you break or not.. .. getting too emotional in forum threads can be one of the ways to go crazy and to also lose arguments, to the extent that you even care about whether you win or lose any arguments that might be thrown in your direction.


Yeah, but I was not really talking about "finding threads"  I was mostly referring to following threads that you have already begun to follow or following threads that you might want to post into.

Finding threads seems to be a different topic, that I did not even touch upon, yet.


Yes... you could do that, but the forum has a watchlist feature, but sure, you might find ways to use bookmarks in a more effective ways than using the forum's watchlist feature.  For sure, your choice.


hahahaha.. I am not always helpful.. Sometimes I am mean, as some members point out to me from time to time... which reminds me that we can get into trouble if we are off topic in these kinds of threads, but the WO allows you to talk about nearly any topic, so long as you are not pumping shitcoins.


Thanks for providing that link.  I was having trouble locating that thread, and also yes, fillippone has quite a few good threads, but sometimes if some of his threads were started a few years ago, they might not be as active right now.

The first thing to know when you are coming to the cryptocurrency ecosystem is for you to understand what is BITCOIN because it is the king of all the cryptocurrencies in the space. What is Bitcoin when you have known this and also known other cryptocurrencies in the ecosystem such as Doge, Litecoin,  etc then you can be able to differentiate bitcoin with other cryptocurrencies and this is the first step to take as a forum user so that you can also tell other users who are not familiar in the cryptocurrency. I really appreciate JayJuanGee for his great explanations.

So far so good, shitcoins cannot spoiled the name of bitcoin again because bitcoin has gained ground in the world. And every corner of the world knows bitcoin even though they don't know the uses and usages bitcoin but they know bitcoin so it for you to tell them the differences if they want to know.

The Wo Cult hehe seems to be a interesting thread, i can tell for sure from your excitement about this thread, I will also try to participate in discussion there. But i tried to read some few did'nt made sense to me so i think i have to read 2 or 3 previous pages to understand what actually you all are talking about. Thanks for another thread where i could make some friends 
Everybody has there own ways to find threads, what i do is simply go to my profile and click on the latest post i made here on this thread and started to read some posts from there. Or i just bookmark them like i just did to WO thread. That's how i do it and i am not that active in other threads yet maybe because here i am getting some attention. You seems to be a good and helping member here.

ooh i forget to thanks you again for mentioning these bpip tools and extension tools, With your help i am able to know about ninja's tool and this bpip tools and i also looked for thread which you mentioned me in the last reply of where fillippone made a thread of getting notifications on hand watch. here it is -- how to be notified on a smartband of merits and mentions This thread was also easy to read and i am excited to do it but first i have to buy watch for that the one i have can not do this work. But again thanks for such helpful materials, i think if i dig into this fillippone profile i might find other helping threads too.