Topic: Buy the DIP, and HODL! - page 431. (Read 123271 times)

Yes, this is not the first time this year that Bitcoin has risen to $30k. This recent rise in Bitcoin should not make anyone mess up his DCA strategy of accumulating Bitcoin by buying the entire amount of Bitcoin he wants to accumulate at once because he thinks the price of Bitcoin will not reduce before his DCA strategy is complete. Keep up with your DCA strategy in accumulating Bitcoin because you can see the sign that Bitcoin is a solid asset and there is still enough time before the bull market kickstarts.

Yes, maybe that's true, as time goes by, Bitcoins will become increasingly rare, the reason could be none other than because the owner died. I remember when Mircea Popescu died in 2021, He had 1 million BTC in his wallet. But if he hadn't given access to his family, maybe BTC would have disappeared from circulation because no one could access it if they didn't know the initial phrase. It is very likely that in the next 50 years many of us will have died and we will have to provide information that we have Bitcoin in our wallet so that it can be accessed by our family or our wives.

We also have to tell our children or our wives about the long-term investment we make in Bitcoin so they can take it when we are no longer around. No one knows what will happen to us in the future. Therefore, I am sure that many BTC will be lost, which will make BTC increasingly scarce in the years to come.

We no that the privacy of our phrases is very important but however deciding not to show it to our wife is not ideal because so far life is concern nothing is certain anything can happen to someone, and what if perhaps something happen to the person how would the family get hold of the account.

So we can keep our private phrase away from our family members but not to our wife but however you can plan it in a way you can only show her the place where you store it but will not allow her to get access to it yet, so with this way your phrases will be well stored and perhaps if something happen your wife will be able to make use of it.

Anyone who is still looking at price this time may probably be a skeptic or unwilling to invest in Bitcoin. I agree with philipma1957 in his analysis below, of what is playing out in the market and what to expect. This should be a pointer that the best thing to do now is to buy more.
I will keep applying my DCA without paying any attention to price because no entry is bad now because the price of Bitcoinis still very low.

I would think that if forum members are buying BTC for the long run, they likely are not going to be creating too many changes in their plan merely based on BTC price moves that are only within about 10% of (or less than) the 200-week moving average - which 200 WMA is just around $28,200.  Sure they may also consider their own costs per BTC, and even consider if they want to make plans regarding how much in profits would their bitcoin need to become in order for them to consider starting to shave off some of their BTC or have they even gotten to that kind of higher stage of shaving off some profits when so many newbie members are likely still in their earlier BTC accumulation stages - which might could well mean that they don't really change anything unless they get to more advanced stages that might involve lessening how much BTC they accumulate when the BTC prices are going up.  There should not be any kind of an universal answer... but surely it can take people 1-2 or even more BTC cycles to really get to a place where they believe that they have enough BTC or even more than enough BTC that they can start to shave off some profits or to otherwise change their BTC accumulation strategies in meaningful ways that transitions into more of a maintenance stage.


That is part of the risk of giving too much information too early or even making sure that the information that is given after death is sufficiently clear that the loved ones would be able to access their coins.. but then maybe having enough trust in the loved ones not attempting to access the information prior to the authorization (which would be upon death or some other circumstances in which the bitcoin HODLer had communicated to be applicable).


Sure the longer that bitcoin is around, the more and more longer term bitcoiners are going to be dying off, and they are already dying off in the 15 years that bitcoin has been in existence.. so the greater the adoption and the longer that bitcoin is around the more and more examples are going to exist in regards to bitcoiners are dying off with their bitcoin and sometimes family members are not going to end up knowing that they had bitcoin that ended up not getting passed on to anyone (except to all bitcoin hodlers in a form of a reverse tax.. which is the increasing of BTC's scarcity).

Yes 30k is just the beginning, bitcoin has way more to go. Still price of Bitcoin is ideal for DCA and we must gather as many Bitcoin as we can before the real bull run start.
I am not in rush, so I will better go on with HODLing.


Those who are using DCA for accumulation of Bitcoin are not affected by small ups and downs. We saw Bitcoin price floating going up to 30k and then dropping. We dont know whether Bitcoin will be able to break 30k this time or not. So its best to keep accumulating Bitcoin in DCA manner and don't get distracted with 30k price. 

Yeah actually mate the strategy should always be to keep accumulating because you cannot quit accumulating just because you saw the Bitcoin price ranging between $30k and you feel the price has gone way more than the price you normally wish to buy, but perhaps seeing the Bitcoin price $30k should have been a motivation to keep accumulating because it has become a crystal clear that Bitcoin price has beginning to peak up and the possibility of dropping back to the previous dip may not be possible, and since it has been given this positive moves shows that the possibility of the price to continue growing is possible so the best way is to keep accumulating using the normal DCA strategy to slowly accumulating consistently.

But however if you feel you have enough capital to Lump sum is also your decision to make so if you feel using lump sum will not affect your financial state you can go ahead.

We are at 30K and not at 300K that you start off thinking some other strategy:

For me, I will keep on DCA till we reach the All time High, After that i may not DCA but start to take profit slowly. But remember that 30,000$ price is not a price where one should think of taking profit. No doubt if you have been buying in previous months and weeks, you may be at a loss but why to sell at these prices which are still cheap for bitcoin, makes no sense.

If you do not have any urgent need for money, better keep holding.

I don't know but I think with times to come this issue of people actually dying with their holding and Bitcoin will be reduced to a certain level because of the speculated amount of massive adoption and awareness that Bitcoin would have 10-20 years from now.

Bitcoin is something that is growing everyday and the awareness is also increasing and also is different technology and apps that's back it's usage and storage, although am not sure since it's a personal thought but I believe a time will come that a solution to this issue of people dying with holding will be of minimal number although currently now there is a fair share of people that have already fall victim of this.

Since Bitcoin is all about privacy it will be wrong to give out your seed phrase  to your family or even your spouse especially when you are holding and chasing a particular  target but i feel if the person, that's your wife  or child is already exposed to the technology then it will make the whole scene different because it will be easier to actually set some up some way for them to actually inherit your holding when you are no more .

Do you know what most people who are holding bitcoin are doing or will most probably do? All of them know that they will transfer their private keys to their loved ones when they are near to death but no one will let the keys be transferred ahead of time. Since the death time of everyone is unknown, there may be many who die because of an accident or on the spot death and they would not even get the time to give the private keys to their remaining.

Since bitcoin is very new and only the first generation is using it, so we do not come across such cases but after more than 10 to 20 years, a lot of bitcoins will be lost as the current holders of bitcoin wouldn't be alive and they have not transferred the wealth to their near and dear ones.

There is no doubt that this thread is helping many of us about how to gather Bitcoin. At least now we are fully aware of the consequences of buying Lump sum. The best way is to gather slowly and that can be done using DCA technique.

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Obviously @jay nothing can be done and should be done at this point other than sharing the knowledge. Most people will suffer this as a result of not getting the right information or neglecting instructions. In either way round there must still be those who their investment will be considered as lost Bitcoin but I hope before then this knowledge should be widely spread let it be they suffer as a result of neglegence and not ignorance.

.Yeah, that's true and it's actually one of the few things that is inevitable, whether we like it or not , a certain number of Bitcoin owners are actually going to end up leaving this world with their key remaining unknown to anyone, even their love one, but I feel this is supposed to be a matter of who's going fall under this category, well I know for sure after all this exposure to this much knowledge, I will definitely find a way to let my love ones or even my spouse know about the my holdings or if that's too wild, I think setting up a means of which they can actually get hold of my key and Bitcoin when mr.death eventually comes knocking.



We, as humans living in the world today, are about survival and I think everyone actually strives just to keep to the comfort of themselves and their loved ones financially, so a small fraction of people actually conditioning themselves every now and then to save money is to develop themselves so that they will have a better life for themselve and their family, so leaving the world without actually making plans for your Bitcoin holdings is kind of bizarre I would say, but that's from a personal opinion though but there still the fact still remains that nobody actually plans for anything to happen to them or their Bitcoin.

What are you going to do about it?  Bitcoin is a new kind of an asset class, and a lot of people are going to die with their keys, either due to their neglect, or their not knowing or even their inadequate instructions to heirs.

At the same time, in bitcoin there are options to hold your keys yourselves or to keep them with third parties, so being able to hold your keys yourself can be quite powerful for both yourself and for passing your coins to others whether during your life time or after your death.

I am not going to argue with you about what should be done, because those kinds of arguments hardly make any sense, and people are going to do what they will with the power of bitcoin, and some people will profit stupendously, and others will end up making mistakes that they had not realized to be as BIG of mistakes as they ended up being, and one of those mistakes may well end up being not having adequate systems in place to pass bitcoins along after some kind of a brain damage (or similar incapacity) and/or death.

@Jay you just saying the truth even if it get bitters. I should believe that any Bitcoin accumulated as an investment should have a second owner, generally investments are to be willed out and Bitcoin can not be an exception. Imagine all this years of growing and accumulating Bitcoin then eventually something bad happens, all your efforts is now considered as wastes.
Most persons never knew about this, we keep learning everyday and I believe this thread has taught me a lot

Of course each of us should be attempting to balance both our assets (surely including bitcoin) that we accumulate while we are living with how we might either pass them onto others if we die prematurely or alternatively how to potentially figure out how to build our wealth while we are living and to put some systems into place in order that we are able to get advantages from our wealth while still living

...and surely people are going to employ various different systems and balance their priorities in different kinds of ways, and surely some people run out of their wealth too soon and others maybe do not end up enjoying the wealth while living - whether they end up passing such wealth down might be another potential complication - even while dying with your bitcoins would not necessarily be the end of the world for the bitcoin community generally ends up profiting from lost bitcoins.. kind of the opposite dynamics of the fiat system in which monetary supply tends to devolve into various statuses of degeneracy that robs from people who hold their value in it.

I think JJG is just suggesting what is best to do in terms of guiding us on our Bitcoin journey to make it easy. if somebody want to come along, welcome. If don't want to use the free style of investing, that's no problem for him.


I see there is a lot of confusion and even fear about what Bitcoin will do to Bitcoin. That's right, it can be seen from JJG's dedication, how he describes the steps of trading Bitcoin for profit and he really tells everything, without hiding information or pretending.

This is true for sure. And this group of people will continually regret not participating in acquiring Bitcoin at all because they refused to understand Bitcoin. I don't consider myself to be particularly smart, and most people will agree with me that nobody is accurate in predicting the price of Bitcoin. Without pride we decided to understand how Bitcoin works and discuss it here to gain more knowledge about our little and modest investments. Let those who believe they are wise for not investing in Bitcoin give themselves credit, but when, after all our efforts and holding for a long time, Bitcoin makes us happy, they should not regret it because I won't feel any pity for them.

One thing that will hurt me the most is that I will be considered lucky after everything. I'm literally spending a percentage of my income on Bitcoin while my friends sit and watch, and drink beers. I guess not everyone is willing to invest, no matter how much they earn, especially in Bitcoin. Most people just find Bitcoin quite difficult to learn. The concept of Bitcoin is not hard to understand. Using Bitcoin is not that difficult either. As long as you devote your time to learning, you will definitely know what others know. JJG took his time to explain things more clearly and in detail for everyone here because he has more experience, as well as other experienced members here. I never knew much about DCA until I stumbled upon this thread. Now, I am enjoying my accumulation while learning more ways to accumulate safely.

Honestly this thread has really been of a great help to us especially on my Bitcoin investment journey, however just like they said information is power before I came here I had no good strategy on accumulating Bitcoin and I had no knowledge about DCA and the only strategy that comes to my mind then is Lump sum and it affected my Bitcoin accumulation because I used all I had that time to buy Bitcoin and later on I ran out of funds and it affected me seriously then.

But coming here became a game changer for me and I was able to learn different strategies I never new existed, so this thread is like a school of thought were we can learn different accumulatimg strategy from each other but however all thanks to @Jay who has been really of a great help to everyone here through his wonderful ideas that will guide us on our Bitcoin journey.

I agree with you on this because when Bitcoin dipped to $16k on January 01, 2023, some people were waiting for the price of Bitcoin to dip even more, but Bitcoin has shown everyone that it can withstand the test of time. So, people have no choice but to adopt Bitcoin and buy it at any opportunity they see, and hodl. I believe this coming bull run many people will regret not buying Bitcoin when they have had the opportunity to do so. Already Bitcoin is getting set to do another marvelous thing again.