Topic: Buy the DIP, and HODL! - page 439. (Read 136511 times)

That's right sir, we are in an uncertain situation between bearish and bullish because the movements that have occurred have changed so quickly if you look at it in the last two days. I agree with you it may take a few more months to see a real bull market. By looking at the price of bitcoin at the previous ATH of $69k of course at today's price we are still below the highest price which is good enough to buy bitcoin gradually.

I think some people have a different opinion because they refer to the bitcoin spot etf which is believed to be approved so they say we have entered the bullish season. Even though that's not true, I think the increase in volume really confirms that bullishness will actually occur next year. Happy to see prices continue to rise and also being able to hold on in this rising situation will be enough motivation to be able to hold longer.

So yeah, let's take the person with some level of cashflow and expenses, and sometimes the cashflow might vary, so they can try to account for variance in terms of keeping and emergency fund and/or just preparing in advance for how much they might be able to spend on BTC and/or any other investment that they are considering each month.   So if their monthly income is $2,400, yet by the time the calculate all of their expenses, they see that their extra cashflow is ONLY around $120 to $400 per month, so there are going to be some months where they are able to invest $100 per week into bitcoin and there are other months that they are able to invest only $30 per week into bitcoin, and so if they are averaging around $240 per month invested into bitcoin, then that would be 10% of their income going into bitcoin, and frequently it is difficult for people to save/invest more than 10% of their salary into bitcoin and/or anything else, but if they are seriously wanting to be aggressive in their BTC investment they might be able to figure out ways to have more discretionary income to be able to invest more, yet at the same time, they also might question if they might want to diversify into other assets (and I am not necessarily referring to shitcoins), but there still can questions about how effective it would be to diversify any investment prior to really building up the investment size, and even if we take an example of someone who is consistently investing 10% of his/her income into bitcoin or anything else, it is still going to take around 10 years, to build up to the size of 1 years income and/or expenses, so if some one is wanting to get to having between 20 and 30 years of income saved up (invested), then there could be some expectations that the investment grows, whether it is over 10 years time, or maybe it takes 20-30 years to get to a point in which it might be getting large enough to serve as a passive income within that size of a value that is 20-30 years of income/expenses.


I still think that whether we are in a bear market or a bull market might not be known until several months after we convert over from one to the other, so there is a bit of a lagging indication regarding where we might be, and people like to switch their tunes based on corrections or even temporary price runs, when the overall trend might be more difficult to really figure out until we are kind of far enough that we can say that "the top is in" or "the bottom is in."

And, with our current bottom of $15,479 in November 2022, it might have taken a bit of time to start to get confidence that "the bottom is in," and you can recall that we toyed with $28k to $32k for several times, before finally breaking through $32k in mid-October, but still at the same time, we might have already gotten confidence that "the bottom was in" by the time we had already started to spend quite a bit of time in the mid-to-upper $20ks and even the last time that we had BTC prices go below $20k was for a short correction in early March 2023.. so after that time the BTC price never really got below $24,500.. so we might have started to feel confidence that the $15,479 bottom of November 2022 was in, ven though we still got a dipping of the BTC price below $25k as late as mid-September 2023... so sometimes we cannot really be sure whether we are in a bear market or a bullmarket even though we start to have confidence that the bear market was over, which seems to be more clear to be attempting to describe those kind of uncertainties rather than flip flopping by saying that we are in a bull and then a bear and then a bull and then a bear .. all within less than a calendar year, and i have never really seen it to be convincing in bitcoin regarding when we might be able to call that a bull market or a bear market is in place... which largely just attempt to reflect on larger trends rather than re-describing where we are at based on smaller movements within the seemingly larger trends.  

I am also not very excited when folks say that bitcoin has been in a bull market since it started, and even though that is technically true, it tends to gloss over what seems to be a so far historical pattern of a couple years up, then a couple years down or sideways and then a couple years up and then repeat repeat repeat..  

I keep regressing on what you said, of course a decline in price of - 2% to - 8% is good enough to accumulate Bitcoin. I would speak on my own understanding, it depends on the price at which the price drops, we should be able to differentiate when Bitcoin is being volatile and when experiencing a dip. So we can know when to apply our strategies, for maximum profits.

Who on earth would want to set a budget of such a little amount, those who invest this little are those who always wait to buy the  DIP but those Dcaing will need to invest large amount cause they keep buying at different prices, bit by bit base on the budget they have in mind.

Investing in Bitcoin and a strategy if you follow the DCA method you can definitely hold for the long term properly. Usually in DIP case, many people directly earn and BUY Bitcoin. But many people spend their income at home, using the extra money they don't spend and investing weekly or monthly bitcoins following the DCA method. I myself invest 5% to 10% of my income every 15 days ($15-$20). I just started investing recently. I use a solid wallet for long-term investments.

If there is a feeling of unsatisfaction with the amount used in investing, that feeling of unsatisfaction and hunger for more should be used in search of more ways to make more money so as to be able to have more to be able to invest in bitcoins with. The unsatisfaction should not make you disrupt the allocations in your budget and make reductions where you should not, just to have more for bitcoins. Only comfortable holders can keep bitcoins for as long as possible.

Buying every dip between -2% to -8% is a good choice if you want to accumulate. Of course, it's still a good idea to do DCA rather than all at once - but the best option of course depends on the amount of budget you have. If you have $50 in your account and at that time the price of bitcoin falls by -7% - then don't do DCA, but buy it lump sum.

There's no point buying with DCA if you have a low budget - say $50, I mean the bitcoins you get won't be significant. So consider decisions wisely and be wise in making decisions even if you are not good at analyzing.

Take advantage of the opportunity if the market changes quickly like what happened in the past two days when from $44k it fell to $41k. Enter gradually at every price that you think will be touched because the market is difficult to predict because it may rise suddenly and fall suddenly. I'm not good at reading charts, so I don't care about prices when accumulating Bitcoin because with DCA we will get a price that is cheaper than our planned target.

Why wait for the news because it will make you regret it later because if you expect something to happen with the news then it will disappoint you. Just enjoy every dips in buying and Holding for assets for your old age. Arrange your investment planning as best as possible and hopefully we can hold the BTC that we have purchased through DCA for long term.

The best thing you can do for a newbie is to advice them to use the DCA method. I know the amount of anxiety, time wastage and money it cost me when I was glued to the screen monitoring Bitcoin price when I started my journey of Bitcoin. The DCA method eliminates all these because the moment you start using the DCA method, you subconsciously know you are in for a long ride. The anxiety and eager to see your assets in profits will be gone. Any newbie who adopt this method of investing will truly do very well in managing the portfolio. 

Do you think that $41,000 is the bottom of the retracement? What if price continue dropping down to $38,000 and more down to $36,000? There is always this difficulty associated with buying the dip which is knowing what the real bottom is. Only way buying the dip makes sense if the target is for long term investment. The retracement can continue all through the festive period because it is expected that many people will sell their Bitcoin to enjoy the holidays. Therefore, anyone in a hurry to buy the dip, on a $3,000 correction, for fast profits might have to wait throughout the festive season. It is also possible that the correction will not be deeper than expected.

Considering how emotional determining the dips can be, using the DCA method together with it can offer more efficient way of handling the Bitcoin accumulation process.

You are correct sir

From the market direction it has proven and broken all indications that we are no longer in bear or having to say from Odohu that we are going to witnessed any dip currently, even though there will be, it could just be a market correct which I know won't go below $29k if at all it would go... This is not possible even though we can say that BTC is highly volatile but that doesn't mean that is a flip flop, there could be a little sideways movements but this won't entirely affect or effects the entire direction of bitcoin price to start dipping down in a way to go against its principle as they said " That we have the Bull and Bear season" Which we are currently on the bull run compared to where the price was right in the beginning of this year or do I say last year yet the market didn't disobey its principle.

It can be tempting for the price but there isn't a way the price would go against how its designed and configured, even though there are any kind of news that may hit the market so hard but that doesn't mean it would instantaneously changes its direction to bear sign or having to go below $29k although any thing is possible over here but with the fate and believe I have so far in bitcoin progression and the history never seized to repeat itself.

I don't know why the need to stress oneself is compulsory because I believe before ever anyone would think of an investment, proper assessment of your income flow needs to be checked as not everyone is an high earner that can easily save up a portion of their earnings that's why it's important to secure at least more than one job or have multiple income flow because without this aspect of thought one can be tempted to touch or sell their investment bit by bit to meet up with life struggles.

The DCA method can be helpful and also the notion to always buy on dips because that would be an advantage for them as one can get a good amount of Bitcoin secure but the issue will be that this needs to be done consistently.

Also their is fact that not all investors actually get to achieve their way because of the lack of planning even the one's that has lots of cash to cover up their DCA plans as commitment to the plan is also another that people actually miss out on the important window to stack up some coins when they have the chance to buy the dip.

No I didn't say I will let someone do anything for me. We were talking about screen monitoring for some newbies who are just new into Bitcoin investment. Someone said it's not good for newbies to be monitoring price movement as it might make them sell their Bitcoin once their is a price dip, either for consolidation or just a dip. We were talking about why some investors and others monitor the price of Bitcoin, that it could be for different purposes.

Are your really waiting for someone to help you do what you would have sat down for and have a finished work on, many of these charts you're seeing members posting were extracted by themselves from the price chart for them to talk about, this is why we must learn to do things on ourselves and also make our own personal research about the bitcoin network and the market price speculations, even content creators could be wrong sometimes about their assumptions, we need to learn how to do our own research for he benefits of our own good.

I understand that some people don't have a choice when it come to investing a large amount of money at once. If someone has  fix income and not have much extra money... they may not be able to save a lot for buy investments when the prices are low. In these cases they may have to keep investing a little bit of money regularly. But it is important to think about ways to make more money or spend less so they can save more for investing. It's about finding the right balance between regular investing and taking advantage of good opportunities in the market. And this is only Bitcoin where they can believe in.

You are right JJG, the regular DCA is the only option for people that don't have extra cash to lump sum or that didn't prepare for the price of bitcoin to go down to this price. Another thing is that if you have the funds to lump sum now and you will not DCA according to Fausto Arta, it is better to share the money into three parts, use one part to lump sum, use the second part to buy at the dip and use the last part for your regular DCA, so that your bitcoin portfolio will keep on growing rather than you lump sum with all the funds. This is because if you lump sum alone, what if bitcoin price dips below the price that you lump sum on, that might cause regrets of your action and since you are on a long term bitcoin accumulation journey is is good to buy with DCA for consistency increase in portfolio.

Sure, bitcoin has been a rollercoaster ride over the last 10 years, yet being able to stay in bitcoin or any other investment for the long-term, there is a need to make sure to adjust position size, and if you are a brand new investor (and your only investment is bitcoin - besides cash that you might have), then you might have to take different measures as compared with someone who might come into bitcoin after already having several other investments, so then bitcoin just gets added into the mix of an already existing investment portfolio.   


Many times, I have already said various things that I had done and what I am doing, so I am not really sure how much that would matter to how  you might decide what you might do, since you still have to figure out your own bitcoin investment amount and your various BTC accumulation strategies in accordance with your own situation.

If you are thinking that you want to get to a certain level of investment into bitcoin because you want to be able to live off of bitcoin, then it can take a long time to get to that point, and you cannot necessarily rush matters, except maybe if you had concluded that bitcoin is a good investment, then maybe you decide that you want to be aggressive in terms of your own bitcoin investment approach, and there is nothing wrong with being aggressive, as long as you do not overdo it... so you want to stay in the game and continue to build.. even if sometimes it might seem that the building process is slow...

Many people take 30-40 years or more to build their investment for their ability to retire and/or to get to fuck you status, and surely a lot of people do not even make it to a point in which they are able to retire early... so if you are able to cut down the time that you get to fuck you status from 30-40 years and down to 15-20 years, then you have likely done quite well with such an accomplishment, or even if you still end up taking 30-40 years to get to fuck you status, you may also rest assured to having had been able to get to such status, because it is quite an uphill climb to even be able to get to such a status.. and I doubt that any of us can rush getting to such a status, even if we might have some of the possible and potential advantages of both knowing about bitcoin and planning to actually act upon such knowledge.. rather than merely talking about it or wishing it.. .. because making progress takes action and persistence.. and sometimes it may well be difficult to measure the extent to which progress is happening or not.


You can have a combination of investments, and surely kids cost quite a bit of money but they could also be considered as a kind of investment, and the extent to which you have money in the bank or you have other kinds of investments will have to do with your situation, and surely I doubt that it would be a good approach to completely avoid and/or ignore banks, even if you might develop an investment approach that prioritizes your allocation to bitcoin.. but you still might be in a different position in your first few years investing into bitcoin as compared to where you might be after a whole one or two cycles investing into bitcoin (considering each cycle as 4-ish years).


That sounds pretty short term to be thinking that an increase in price causes long term investors to consider to sell versus merely being happy that their investment is going up in value (so they get reassurance from the BTC price going up), but if they have an investment timeline of 4-10 years or more, then why would they get inclined to sell merely because the BTC price is going up?  Are you presuming that they have already overly accumulated BTC , and if so how much do they have that they are starting to consider selling BTC rather than just continuing to accumulate and feel good about increased prices because their past investments are  appreciating in value?


Some people do not have any choice regarding lump sum.   If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

even though the price of the coin is now decreasing, the current price is still far from its lowest price, so if you want to buy in dip, you have to wait even longer, because soon there will also be a 4-year halving event, the price of the coin will go up not down.
but I think buying now is no problem, because halving will cause the coin price to rise high

Since the price of bitcoin has down from $44,000 to $41,000, so I think a buy on dip strategy is worth considering now. I don't think such a correction will last long, especially since the halving and ETF have been the reason for the big rally. Personally, DCA isn't really needed right now, lump sum seems to be the best option.

We can also say that only a newbie would notice a decline in the price of bitcoin and become anxious about losing their investment. However, for someone who believes in bitcoin, an increase or decrease in price won't stop them from viewing their wallet at any time they feel like because they understand that any price they see will benefit them in some way.

A price decrease will allow them to accumulate more bitcoin. An increase will allow them to decide whether to sell their bitcoin holdings for a profit or not.

I am amazed at those of you who are able to hold Bitcoin for a long period of time. Have you encountered any major obstacles such as worrying that the price will go to zero in the time you have spent on your bitcoin investment?  So far you have made quite a big profit in the Bitcoin you bought in 2013 and my question is whether you will use Bitcoin as an asset for your retirement in the future. I want to invest as well as possible in bitcoin by waiting for cheaper prices to accumulate bitcoin.
Of course, the target time for investing in Bitcoin can be a lifetime or some of them can use Bitcoin as an asset for their children when they have children. I think someone who understands the times will invest their money in bitcoin rather than saving it in the bank.

Even though I agree that there are likely advantages to learn from people with more experience, we still need to be careful in regards to both understanding the source of our information and also to make sure that we are coordinating the information that we learn with our own experiences and knowledge of our own situation in order that we attempt to make the right decisions for ourself.

And, if we have doubts about what to do there are ways to hedge our risk with position size.. that we can adjust in accordance with our learning.  

A lot of our learning should relate to knowing ourself and figuring out our own cashflow situation, but of course there are other areas of learning too, such as the ones that I listed in my 9 areas to consider and to build.  I am a bit bothered by the idea of "professional economist" - whether you are referring to some kind of a consultant who knows about investing, but many of the folks that we understand to be current professional portfolio advisors do not tend to advise about bitcoin because there is hardly no way that they can charge fees with bitcoin, even though in the future, there are more and more products that allow them to take a fee.. whether the bitcoin spot ETF that is likely to be approved and maybe some other bitcoin related product that might be available, but still there are a lot of disadvantages to holding those kinds of products as compared with directly holding bitcoin.

I doubt any of those kinds of biases are going to go away when it comes to consulting with professional investment advisors, even though surely there may be some of them who are able to still help you without directing you towards products in which they get a cut.


When I first got into bitcoin in late 2013, I was not really sure about a 1-2 year investment into bitcoin minimum.. but with the passage of time, it seems that the investment case for bitcoin in the long term is even greater, so I doubt that 3-4 years is a long term investment, and if you are planning on cashing out for "sweet gains," then you are surely only thinking in terms of short-term dollar gains rather than planning for a possible lifetime in which you might always own bitcoin absent some kind of notice that you might not be living very long and then decide to cash out  more of your bitcoin within that kind of a context.

Sure one of the problems with older people who might be 65 years or beyond, they might start to feel that they are not really able to sacrifice a lot of liquidity, so they might be worried about their abilities to invest in the long term, and surely a person who is younger with health conditions might have similar difficulties in terms of his/her investment time horizon.    No one can tell you what is your investment time horizon, or what you believe might be a better investment than bitcoin to put your "sweet gains" rather than merely letting your bitcoin investment ride and letting the gains roll over into the potential of more gains when your BTC investment compounds and compounds and compounds.. and yeah, there are no guarantees, and probably the lack of guarantees causes you to feel that there might be some advantage to realize your supposed "sweet gains" rather than merely allowing them to roll over until you reach a higher stage of actually knowing what might be the reason that many longer term bitcoin holders have way more wealth related options as compared to those who are not able to hold through even a whole cycle.