Topic: Buy the DIP, and HODL! - page 447. (Read 123961 times)

I think something, that is very wise, if we have BTC whatever, we should do it, no matter how much it goes down, if it goes down it is always an opportunity to have more satoshis, let's not see it as if we were losing money, every time Bitcoin goes down if we don't have money to buy , it is Recommended to buy, I don't see Bitcoin as a failure or losing money, I always see it as winning , when looking at the chart the trend is always bullish, it is not downward like there are other actions , or other currencies.

BTC is the opportunity, there is no other option, with bitcoin you can have the luxury of now, with fiat money you save and if it falls you will lose the value of the money , with bitcoin our money is valued.

If we could change everyone's way of thinking , I think BTC would be more valuable than any investment.

A very good article that is from July 28, but I find it interesting:


Source: https://www.fool.com/investing/2023/07/28/bitcoin-buy-the-dip/

They talk about what has happened since the $69k price was there, quite an adventure.

This is not something new because they (the government/people in power) are unlikely to blame themselves for what they do to the banking system or fiat because according to them, they are the ones who are right and have the power so it would be very unlikely that they blame themselves.
Whatever it is I will just read and regardless of what is said it will not really affect me because when they have such beliefs and try to blame bitcoin then I also have the belief that I believe in bitcoin
What they think is right is not necessarily what we think is right and vice versa so when in bitcoin it is enough to stay confident and do as it has always been done by doing an investment strategy according to what we did before.

If investors think more potential in Bitcoin and hold more then of course the price will increase due to the holding. First we need to be aware of why we should choose Bitcoin as a holding. In this regard bitcoin circulation, maximum supply and demand are the most important factors. Not certainly but we can make a prediction that Bitcoin price will surpass it's previous ATH. Which is not possible with any altcoins. Temporarily, many people try to make money by investing in altcoins and making a plan like gambling. There some will gain while others will lose their money. Some will do this consciously and many will do this type of mistake because they don't know. I would like to say  those unconscious investors that if they had better understood the benefits of holding in Bitcoin, they would not have gone down such a wrong way. If investors are more aware they will try to collect more coins. If everyone tries to hold, demand will increase and ultimately the price of Bitcoin will increase. Today the total marketcap in the cryptomarket is 1.13 trillion where 545 billion in Bitcoin so I can never compare bitcoin with any other coins in the crypto market especially holding purpose.

The statement that Bitcoin will crash if the stocks and commodity market crashes was a personal opinion of one or few persons. There were many counter opinions and some even cited the market crash due to covid19 that did not affect Bitcoin, instead coincided with the 2020 halving that lead to the bull run of 2020/2021.


I don't see any logic in talking ill of Bitcoin if you are holding or invested in Bitcoin. On the contrary,  people who are tired of holding will be saying nice things so that price will rise for them to sell. They are invested in Bitcoin to make profits so they will not fud when they are still holding.

Recently there have been several reports of more whales getting involved in Bitcoin and that's a good sign. I have the strong believe that low prices of Bitcoin will soon be over because next year is halving so those huge buys coming in might just be people preparing towards next year's big news.

Trading and investing in bitcoins are two different things, and both have different scopes. I don't want to discuss much in detail between the two but for your information, DCA works even better in investing as compared to trading.

I will just let you know one thing, if you trade crypto and bitcoin, you may earn daily, weekly or monthly earnings but it can only be the kitchen money which you will make with trading (if you have less capital). However, you can become a millionaire if you're an investor in Bitcoin and you have the tendency to hold Bitcoin for years.

Do you believe it can be possible?

It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets. and how Bitcoin is no exceptional will crash. I know we are in a bear market in which multiple geo-political/ economical events are highly fueling the fire in dropping the price of Bitcoin. Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin because its obvious that this factors have their advantages as well, the price of Bitcoin which is low, now good to buy even more at least a lot of average persons who has keen interest will be able to afford and accumulate some good amount at this period. Even a lot of people are holding risky altcoins that may never recover from the crash and they still believe it will go up, tell me why should we lack confident in Bitcoin because of mere economic factor which has been there from the start of life.

It is obvious you need to revisit your notes on the DCA strategy to avoid mixing things up. DCA strategy have no connection with day trading and is more focused on buying at regular interval. It can be monthly buying, weekly or even daily buy... but it is concerned with accumulation in such a way that it will be done regularly, in a manner that it will not put one under financial stress.

Holding Bitcoin has its own strategy that depends on personal conviction, target and other factors. While some people are holding to profit from the next bull run, there are people that will hold Bitcoin and even pass it on to their heirs... I happen to be one of those. I have resolved that Bitcoin will be one of the treasure and legacy I will hand over to my heirs and I know there are also others like that.

I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.


Oh gosh, you really can be a goofball sometimes with your fairly lame attempts at applying logical fallacies.

Whatever I might have had said, it is quite likely that I am not attacking you, but instead attacking your arguments.. and sure. .throw in a bit of flare, here and there for funzies and call you a goofball. hahahaha.

I suppose ultimately my already used words speak for themselves in the sense that I was somewhat attacking you in terms of your seeming attempts to act and/or present yourself as if you have some kind of a great grasp on macro factors and therefore presuming that bitcoin's price performance is also going to need to be correlated to things that might happen in the macro-world, even if we presume the things that you say to happen in the macro world were to play out as you already "objectively" and "unbiasedly" described, which is also far from a given, even if like you said, you are merely describing what you believe to be "greater likelihoods" blah blah blah.

The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.

You are trying so hard to distract yourself and others from the direction of our discussion here. Even though I wouldn't want to engage you in the argument of Cardano being shitcoin or not, the temptation is high before you make us derail from our discussion here. Before now, did you believe that Luna will fail? Did you imagine that FTT that was competing with BNB will fail?
Trust me, if you focus more on Bitcoin, the chances of losing your funds will be very minimal unless perhaps through hacks or selling under pressure.

Well just like you said is totally depend on individual mindset knowing what may work for them and what may not work for them, if diversifying your $1000 to different strategy that would help you in other not lose out completely if the market tends to work otherwise is good for you that's fine, but however the risk is likely to become much because the chances of getting it right all the time in trading may not be certain were as if anything happens on the trading capital it also affect your back up plans which is accumulating using DCA strategy and also affecting your psychology by losing interest on accumulating Bitcoin, But for me since I'm not good in trading and avoiding mental stress of what trading could course on me so DCA is well suitable for me and also it will enables me to accumulate as little as I can afford on a weekly basis.

Cardano will probably is not the next Bitcoin because there are better options there but Cardano is not a shit coin. Shit coins are coins like Dogecoin, ShibaInu, Internet Computer (ICP) coin, etc...

What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.

What method are you referring to? DCA has nothing to do with trading whereas DCA only focuses on accumulation regardless of price, traders are obviously different and they just want to be fast whereas the focus of this thread is how DCA strategy and its management over time.

You don't need to be disappointed if you believe the price will be $100K, what will be disappointed is too focused on thinking about price speculation while you ignore the more important accumulation just to say that, if you feel you still have time before the halving arrives then do the DCA strategy now even if it is still a little longer, but that time should be used to accumulate as much as possible and the longer the better.

Maybe you got @gunhell16 wrong, but I don't, I do this in trading myself. The DCA approach is a general term in investment but traders are buying a similar idea as well in their trading. As in investments where you divide your funds into equal parts for subsequent investment periodically and at different prices to hold for long-term. A similar approach is being employed in trading as well and could be encapsulated in the money and risk management trading context.

In trading, one could have $1000 and decide to divide it into 10 equal parts ($100 each) instead of risking the whole money at once, which is a very good idea to me. I do this often and it's a great idea to be more conservative, calculative, planning and consistent in my trading approach as the market is dynamic, no one knows the trade and the portion that will be most profitable, which is why this idea is wise. Except that DCA is more popular in Investment/HODLing.

DCA is a huge name in investments, but whether it's in Bitcoin investment or trading, what is important is for the person to know what he or she is doing because some people are doing it wrongly and still saying they DCA Bitcoin. You can call it whatever you like or even pretend that it doesn't exist, so long as the person applying it does it rightly and is consistent with it, then the deed is done as it has served its purpose.

I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

the way to go about any investment platform is to not get carried away with its prospect and hope of massive returns thereby making investment that if the worst situation happens you won't be able to bear the loss. Risk is a very vital part of part of Bitcoin and having the right strategy to managing such risk makes a whole lot of difference.

That's true mate, but that's life for you, because only the risk takers are the ones who actually live outside the line of normal standards when it comes to success and wealth. Bitcoin investment is, risky, no doubt, but it's the kind of  risk that is worth involving, because if you truly understand and plan yourself very well in your journey of holding Bitcoin, then you will probably know that Bitcoin investment is the right risk for anyone to involve themselves. The world today is full of people who are actually striving to make it one way or the other and some go as far as being impatient and actually investing in shitcoins that will guarantee them profits in a short time, which to me is not bad, as it's has work for some, but I would rather risk on Bitcoin investment and wait patiently for it grow than investing in altcoins that can drain up in no time. Both types of investment are risky, but one of them is actually a foolish risk because of the tendency for everything to go wrong, which for me is a risk not worth trying at all.

You do not have to buy a whole bitcoin.  You can buy 1 satoshi... so bitcoin is not necessarily going to become too expensive to buy, even though people who got in earlier are going to have advantages in terms of how much their BTC cost as compared with people who are buying later.. so that is merely one of the advantages of acting earlier rather than waiting around and seeing what happens.


We are not talking about trading in this thread, and the overwhelming majority (maybe even more than 80% of people) do not even need to try to trade bitcoin.  They are likely going to be much better off to employ various strategies that mostly focus on ways to buy BTC, even if they employ a variety of means of buying BTC that involves DCA, buying on dip, lump sum buying and even HODLing from time to time when they run out of money to buy. 

Anyone who is knew to bitcoin or even several years into bitcoin and who are largely accumulating bitcoin should not be considering selling bitcoin as a means to either accumulate bitcoin or to be using selling as a means to attempt to buy more bitcoin. It is not a good accumulation strategy for more than 80% of people.

This is another proof that as time progresses, it becomes more and more demanding getting Bitcoin. Who will imagine that there was a time people were getting as much as 1BTC free! Then it was even easy to accumulate Bitcoin unlike now. In the future, we might even look back to today as the time it was cheaper to buy, this is a possibility and the reason we should endeavor to avoid another regrets in coming years.


Unfortunately, mining is not a cheap to start and sustain. In addition to the cost of hardware, there is cost of electricity, logistics, land/rent (depending on the size of the mining farm) and other costs that may arise in the course of installation. Furthermore, competition in that industry have increased, necessitating the use of expensive and latest equipment to remain profitable. This means that mining is not a risk-free option for those that do not trust Bitcoin.

Besides, will you spend money to mine what you do not trust? Anyone who can mine Bitcoin really trust that his business will yield profits.