Topic: Buy the DIP, and HODL! - page 461. (Read 108155 times)

You (Wind_FURY) seem to be making a different point than indah rezqi, and maybe you are making a kind of argument about semantics in regards to 1) how to define what is "more than you can afford to lose" and 2) what kinds of measures can be taken (sacrifices made) in order to be more aggressive/assertive in regards to "buying the dip" and also saving on expenses.

My own definition of "more than you can accord to lose" would involve entering into some kind of an arrangement in which you have failed/refused to sufficiently cover your expenses or ending up having to sell some bitcoin at a later date because you over-did it... or maybe there is some other asset that you had not wanted to have to sell, but you are forced into such selling because you had bought to much bitcoin and had not sufficiently prepared.

By definition if you plan to move in with your parents or you choose to ONLY eat Ramen soup for the next year, then you are choosing in advance to take such measures; however, on the other hand if you end up getting forced to move in with your parents because you "over did it" or you have to sacrifice your diet because you "over did it" then those are not planned in advance.

Sure, there are several things that people might be "willing to allow" as their "back up plan" in case shit hits the fan.. and their investment moves against them, but by definition, personally, I would not consider those to be acceptable (even though others are going to be willing to make such sacrifices).. So, sure, there may well be some definitional quibbling going on here, and also sometimes life choices regarding how prudent (and preparing for the future) that anyone might be willing to be could end up with quite differing consequences, and some people might not end up homeless because of how much they chose to gamble, but they may well end up having a way less comfortable life later on in life because they over did their levels of aggressiveness and/or lack of preparedness at earlier times in life.

We can also rationalize where we got in life, such as if we are having to struggle with dead end jobs in our 50s, 60s and even into our 70s, while maybe some others start out in similar places and with similar resources, but pretty much have a life of relaxation in their 50s, 60s and 70s...

So there are ways to describe your situation in ways in which you had been wiling to live with the consequences (and even say "no regrets"), yet there are also ways to sufficiently prepare so that you are not taking those kinds of excessive risks.. which brings us back to definitional quibblings in regards to what seems to be excessive risks, and at one point in time, we do not necessarily know the consequences of our excessive risks.. which kind of gets me back to points that I made in my other post (and you responded to it)... hahahahaha.  All points (and all threads) are related.  Go figure.  


So fucking what?

What are you personally doing in regards to your supposedly positive views about bitcoin besides merely trolling one-liner bullshit platitudes about how bitcoin is a great investment.  

What are you adding to the conversation?  

Tell us about yourself and your own BTC accumulation practices.

Go on.  Give us something concrete to work with and about yourself (by the way, there is no need to give up any OPsec in order to describe these kinds of matters in regards to your relationship with bitcoin).  When did you first hear about bitcoin?  Have you ever bought any?  Do you think that the ONLY way to get involved in bitcoin is to get involved in bounty seeking programs or shitcoins or from your own point of view and practices/plans are there possibly other ways to get into bitcoin?  

Yes, This "Golden Opportunities" Bitcoin (BTC) has just taken everyone into the next bull market. The displacement from the accumulation zone mentioned in previous reports was the result of more than two months of accumulation by some whales. This is why I am also very confident about the future of bitcoin.

If you're single, with a stable job/a second job, with no other responsibilities for anyone else but yourself, then it could be considered that you can risk more than what you're willing to lose, especially when the current situation of the market is presenting us those "Golden Opportunities". It's also probably good to move back in with your parents temporarily to save more fiat to buy Bitcoin.

 

Long-term projections for bitcoin investing are very reasonable, but always set an amount you can afford to lose. Bitcoin is the best alternative to consider no matter what budget we have, but one shouldn't 100% go for it without considering about the risks. Bitcoin's long-term performance as an investment asset is to be expected to be good and work as we expect, but since the government is its main enemy we really have to recognize that they have the ability to prohibit us from investing or trading in the future.

Those are just some of the risks I think, but still bitcoin is the best investment choice compared to many other assets out there.

Yes, you could describe your investment target in terms of a timeline such as 4-10 years or longer, or you could choose certain price points that you would sell, such as you would sell certain portions of the BTC that you accumulated at various price points.

You could choose to invest large amounts that might even be 1% to 25% of your total investment portfolio (that is if you have an investment portfolio), and that would likely be a long-term oriented approach.

You could also decide to authorize yourself a certain budget (such as $1k or something), and then you have entry and exit points, and surely some of us longer term bitcoin investors consider the short term investors and traders to potentially be missing out on the possibilities of long term and life changing value.. and so it could take a while to convince regular people to consider bitcoin in terms of really having long term and life changing value potential - which is also probably part of the explanation that likely less than 1% of the total worlds population is invested into bitcoin, and even though we have hoarders and gamblers in bitcoin ,there are also a lot of folks who are already in bitcoin, but since they are a wee bit of a scaredy cat about bitcoin they are likely underinvested because they really have not studied bitcoin enough or come around to figuring out bitcoin's value proposition and/or figuring out some ways in which to strategize a long term investment approach that they are comfortable to employ in light of their own personal financial and psychological circumstances.

If you figure out some kind of a long-term bitcoin strategy, and even if you ONLY buy small amounts over the next 4-10 years, such as $100 per week or maybe even a smaller amount if you cannot afford $100 per week, like $10 per week, then perhaps if you are able to secure your bitcoin, you will end up seeing that your bitcoin performed quite well compared to anything else that you had invested in.. even if you might consider something like allowing the whole matter to play out for 20 years.. that is if you were to have such a potentially long investment timeline.

Because we don't know whether bitcoin can go down again or not, it is a dilemma if we wait for a decline to that point and at any time, if that doesn't happen, it will be a regret because we didn't buy it now. However, in this case greed can indeed dominate our minds, therefore it is important to control greed properly so that it does not interfere with the plans made in investing.

Of course, always buying during a downturn will not always be profitable, but in this case I need to underline if the strategy is carried out by short-term investors because they will always sell their bitcoins at the end of their investing session and take some for necessities even in a loss , but if for long-term investors such potential losses are not visible, let alone in a situation like now where bitcoin is far from its ATH.

We can never know if the BTC price might dip below $20k (or even below $16k/$17k) again.  For sure, there can appear to be similarities, and if some of us did not buy when the BTC price was below $20k many times and for extended periods of time in the last 6-7 months of 2022, we might have had lost our opportunties to buy below $20k.. but then again.. none of us know... so we just have to do our best in terms of making sure that we are sufficiently prepare and we buy on dips and do not get to greedy.. and also, if we are not even sure if it is going to dip more, then just buy here and attempt to allocate how much we buy so that we are prepared in case it dips more but also to be sufficiently satisfied that we got enough and that we have done as good as we can expect to do (given our certain level of ignorance and not really knowing with any confidence) if the BTC price does not dip anymore.

Of course, those techniques of buying regularly and buying on dips have paid of tremendously in the past, but there is no guarantee that they will continue to pay off, so each of us is responsible for our own level of allocation and being sufficiently aggressive/assertive with our BTC allocation that we are going to feel that we are prepared for UP.. while at the same time, being able to accept the consequences in the event that the UP case does not end up happening.

Some people might have an overall investment portfolio in which they believe that 1% to 5% allocation to bitcoin is sufficient, and others might conclude that 5% to 15% is sufficient, others might consider 15% to 25% as sufficiently allocated to bitcoin.  And surely I am largely OK that newbies to bitcoin might determine anything between 1% and 25% as their target allocation, but I am even more accepting of the idea that individuals figure out their own situations sufficiently in order to know if some kind of target within 1% to 25% towards bitcoin is sufficiently aggressive and assertive or if some other allocation might be more fitting to their own psychological and financial circumstances....   

One of the reasons that DCA buying into BTC works, so well is that any of us can employ some kind of DCA strategy into bitcoin and including following such a DCA strategy for a decently long time while we also try to research into and to figure out our own circumstances in such a way that we are psychologically and financially comfortable.. which is not an easy process, wether you are new to bitcoin, new to investing or even if you have been in bitcoin and/or investing for a decently long period of time.. sometimes, it can take some time to figure out the extent to which an y of us is psychologically and financially comfortable and even tweak our systems based on our ongoing learning about bitcoin and learning about ourselves.

Yes, we have seen that from the start of the year, bitcoin began to slowly increase from its downturn.
gathering bit by bit with the DCA strategy and or buying when the dips happen in this cycle is the right decision so as not to be left behind and regret like I was in 2017 and in 2021 there I didn't really look at bitcoin rounds or cycles.
the case is almost the same, that was in 2019 where there was a decline, but in principle it is the same in a bearish condition and technically speaking we doubt where it will go, so for long-term investors this is the right time to do DCA.

If we observe the graph chart of bitcoin, we will not see that its price has dropped continuously, even if it falls, it also recovers the increase little by little as time goes on.

      That's why I pay attention to the majority of the community today here in this forum, they are aware to save bitcoin little by little because of the upcoming bitcoin halving after 1 year from now, it's good to save like this instead of regretting the late, right?

"In trading strategy". We're mere plebs. "Trading" will make us more susceptible to mistakes, and it might make us have less Bitcoins in our wallets instead of having more if we simply Buy the DIP, and HODL. Don't actively "trade" with your Bitcoins. You might see your own blockchain transactions, and see all of your stupid risks taken and get mad at yourself for taking them.

I DONT care that it is an alt. But I do care that you are ignoring the tax consequences of that sale.

So are you in a no tax country?

You left it out.

I am USA based that sale could cost me 33% tax about 117 means 39 in tax.

Whatever you are saying is pretty vague summonerrk in terms of what you mean by bottom, and if you had not noticed we are not fucking around with trying to figure out the top or various tops (or trading or shitcoins or tokens).. that is not the topic of this thread...

So focus, ur selfie.

Tell us what you mean by bottom.  We had more than 2 months in which the BTC price went below $20k and stayed below $20k, but then returned above $20k by early to mid-January.. so we had about a month above $20k with our recent dip down from nearly mid-$24k to mid-$21ks (about 12% in the latest dip), so I would imagine that some of the people reading this thread or otherwise involved in bitcoin or bitcoin accumulation would have been buying some BTC at prices below $20k, and perhaps others would have been holding because either they run out of money or perhaps they were waiting for lower prices, and the lowest that we had during the end of 2022 was down to mid $15ks.. and so there could have been some folks buying in this lates 12% dip too.. but we cannot really know, unless you happen to have some theory that you would like to share, summonerrk?

Another way to frame the idea of a bottom is the 200-week moving average, and surely we went below the 200-week moving average around mid-June 2022, so it is not like there was some "wow, I should buy moment" because the "wow I should buy" BTC price dynamic of being below the 200-week moving average has lasted for more than 8 months, so guys could have run out of money from that ongoing "opportunity" too... and maybe even question themselves about whether it is an "opportunity" or not...and how much they consider the last 8 months as an opportunity might also relate to aspects of their own personal circumstances, including how many BTC that they might have already accumulated in prior times and at what prices.  There are other individual factors that can be considered too, such as cashflow, other investments and some other possible considerations.

In each trading strategy there are certain segments that correspond to their own: the bottom of the price and the highest point of the token value. Ideally, you need to simultaneously judge by several time periods. It depends on the periods themselves what is the bottom and what is the top point for you. I am looking at the market chart in the period of a year and five years. I think these are great ranges to set the bottom and top.

Although there's a higher probability for an unskilled pleb in trading like me can get lucky of buying the lowest DIP during the peak/near the peak of the bear cycle, than any other market cycle. We should start asking ourselves, "Is it the peak of the bear market"? The answer depends where you find it. It's perhaps in macro-economic fundamentals, and if true, then I believe we might find another DIP = Golden Opportunity. Central Banks may have stopped tightening too early. If inflation is "HOT" again, what will they do?

No one can exactly predict the bottom, between buying the dips and DCAing both are very good method for someone who wants to accumulate some BTC on the run should start with, Even If you're someone that is timing to buy the bottom, the best method you can adopt is by buying every single dip opportunity in the market, by dividing whatever money your coming to invest into fractions,

 let's say for example your investing a thousand dollars ($1000) into Bitcoin, you can choose to be buying every dip with $50 dollars, I believe with this method you might be able to capture the Bottom, than sitting on the sideline and waiting for the bottom. because the market is not gonna tell you, hey! I'm bottoming out today. Therefore we can apply any or both methods DCAing and buying the dips, hence we will miss out waiting on the sideline.

Sure posting about bitcoin would be more on topic than mentioning a shitcoin or various shitcoins, but this thread is not about trading.. but instead attempting to explore the various ways to accumulate bitcoin without getting into trading, as salad daging also said in his post.

Sure, it is not easy to completely suggest that trading bitcoin might not be relevant to attempt to discuss within this thread because somewhat reasonable arguments could be made that it is better to trade BTC rather than to merely accumulate BTC through buying on dip and related buying techniques.

Still, shitcoin is more confusing than what is explained, this is very different from the concept of this thread, here, of course, how to explain bitcoin strategy for the long term, starting from HODL with its method, then there is also a DCA strategy with cash flow that you have to still be able to do and other types to last longer with bitcoin so basically it's not trading even though he will explain bitcoin later.

Obviously bitcoin will get more attention from everyone including investors because this is one of the assets regarding the future that is owned by them, we are here how to describe the concept of development and strategy I still continue to understand even though this is easy in other words - HODL, DCA , Dip, in the long term, from that point of view, there must be a way to do it right.

Plus from the standpoint of plebs like us, who merely get lucky because we were just in the right place, during the right time, trading profits, and trading losses, usually add to negative, OR a smaller amount of profit compared to our own projections illustrated by our own imagination/fantasies. But if we plebs truly just "get lucky", then why not Buy the DIP during a bear market, and HODL to maximize the luck.

Your explanation about trading is not wrong, but why don't you just provide an example for Bitcoin without having to show other tokens here even though it is the result of your own trading that you are running. Because I don't think everyone will care about the token that you are trading, but when you give an explanation of trading with the example of Bitcoin, I think everyone who sees your explanation will definitely take the essence of what you are explaining.

So just explain about Bitcoin so that there is more attention that you can get even though you have not been able to move on from the token that is still profitable for you at this time. And rest assured that Bitcoin can always be better than any token with the trading concept that you already understand.

Fuck shitcoins, as ajiz138 already mentioned. You are off topic in your shilling of that bullshit, and furthermore, as ajiz138 also suggested, the strategy of either buying on dips or DCAing does not apply to shitcoins because it is a different strategy involving needing to have to figure out when to get out.. that is a much different set of concerns than bitcoin including very short term concerns that likely involve considering if you might be aligned with a source of reliable pumper/dumper information or calculating the likelihood that you might get rug pulled.. which applies to all of the shitcoins whether the piece of shit that you referenced (PYR, whatever the fuck that is) or some more widely recognized and know scam smoke and mirrors premined (quantity of premine distribution unknown and obfuscated) bullshit shitcoin, such as Ethereum.. .


Exactly... there are a variety of these kinds of considerations that may even have some differing considerations depending on the extent to which you might have insider pump/dump information about such shitcoins or the extent to which you believe you have such "insider" information.. and sometimes even BIGtime players may end up getting rug pulled, perhaps the Mark Cuban example (to the extent that you can even believe that scammer) from a year or so ago, and you are not always going to know whether you are the patsy at the table or if you are the one within some kind of scam insider circle (believing that you are the shark)...

and for sure these kinds of matters are not even part of the discussion within this thread, except maybe just to point out the nature of them when they are brought up.. but within this thread we do not need to (or should not need to) go into any kinds of detail discussions regarding which shitcoin is less shitty than others or whether one shitcoin or another has better pumpamentals blah blah blah..  there are plenty of scammer threads out there (reddit/twitter/other forums), and there are even some threads (sections) within this forum that allows for discussion of various supposedly better or worse shitcoins or various ways to trade, gamble or to scheme/connive for bounties.