Topic: Buy the DIP, and HODL! - page 466. (Read 108136 times)

That argument isn't wrong, but that doesn't mean bitcoin, going through bad things, won't suddenly bounce back. After all, the price of bitcoin is being manipulated, not following any rules, supply and demand do not determine the movement of bitcoin. Bitcoin investment is very simple, if the price is low, then buy and wait for the price to go up and then sell, there is no accurate price prediction model, don't wait but buy when the price is low.

I always liked that quote because I think its entirely relevant to the current situation and forthcoming.  We will have greater volatility basically, when they dismiss BTC as never facing hard money I see their point but its also true in the current situation that QE debt cannot withstand that hard money scenario and so it is never likely to occur willingly.  The 1980's peak interest rate scenario reflected in a long term chart such as ^TNX   10 year treasury yields or similar is not going to repeat right now, it would be terminal for entities outside of BTC.    What is far more likely to occur is contained in the foresight of that quote and knowledge of Thomas Jefferson, I dont know the full thought process but gigantic upheaval isnt a new dynamic.  What would happen is the poorest people, those who hold only cash will be crushed, banks or whatever modern equivalent with many assets will profit far more from the destruction of common currency and various negatives they could trade that landscape where as the common worker is likely to suffer most of all.

We wont get proper QT, we'll get a Richter scale extreme of giant peaks and dips far more likely.

I have been reading some posts that, "Bitcoin has never experienced a real Economic Crisis/Tightening", and that the bottom could be lower than expected. I accept that that argument has a point, BUT I will tell you what also has a point. If the Financial Tightening could make Bitcoin fall lower than unexpected, THEN Quantitative Easing could also make Bitcoin surge stronger and higher than expected. It might be the same surge as 2011 - 2013/2015 - 2017? Buy the DIP, and?

When talking to big investors, they don't care about the downside because they have a set buying time, whether it's weekly or monthly with a big budget. What El Salvador is doing is also long term because they know Bitcoin will continue to go up every 4 years and what was bought with $50K in the past can easily be profitable again. Since the time left to welcome ATH is still ideal, I think we need to be on the same page. Namely by setting aside a fraction of a percent each month. The amount you can afford because that is how long term investors and traders work.

I don't disagree with any of your points, yet largely DCA strategies should not be getting into trying to figure out where the BTC price is. and like you said should largely be employed based on working on establishing a position.. and surely once you establish your position, then you can rethink what you are doing, if you want to change your DCA variables or if you want to employ some other strategies.

Furthermore, your suggesting that there could be more down from here seems to be getting into ideas that attempt to combine buying on dip with DCA, and surely I have nothing against buying on dips... especially since this thread actually had been aiming to suggest that buying on dips is better than DCA.. which I don't exactly agree with that premise.. but still part of the push of this thread is to highlight attempts to buy on the dip and to de-emphasize the blindness of a DCA approach... .. and ultimately each person does need to consider the extent to which s/he wants to employ either technique or to attempt to combine them.. as it seems that many participants here strive to combine the strategies but do not necessarily clarify that they might be talking about buying on the dip rather than DCA when they are describing where the BTC price came from with possibly an objective to proclaim where the BTC price is at and to predict where the BTC price might go from here.

At present DCA only works if you ignore that the price is descending roughly inline with the 50 day average.  It might be too soon to buy without question except as a longterm strategy, anyone who hopes to buy only a few times  even a dozen should be waiting for stability and the start of a ramp in price.  DCA is fine but presently it should only be started if you can continue, this year and for a few after so really long term.  Dont over do it shorter term, be sure to last as will the larger swings of the market also.

Actually, DCA or Dollar Cost Averaging is part of a trading strategy on an ongoing basis with a certain time lag and with an amount that you can afford that aims to accumulate in the long term.
Indeed DCA is the best strategy for the current situation, it cannot be denied that there is no other way that is better than DCA, a few days ago I asked famous traders and even legends in my country, and almost all of them (99 %) said that DCA is the best strategy, especially for people who are still confused about the market and have small capital, DCA is the best choice strategy of all time.

#BuyBTCandHODL

Bitcoin also has some risks involved, but still like you said it's less compared to those altcoins out there. Combining Bitcoin and DCA if you want more "safer" choice of investment method and don't want to take hassle to learn every trading strategies and want to do it just for passive income. That is always DCA is coming in handy for those people and when the price drops, you will feel safer at least.

Various kinds of strategies are carried out by traders in investing in bitcoin. they see the good side to enter when the market falls. indeed the DCA strategy is the best where every actor will buy regularly and surely he will find the cheapest price moment in every purchase he makes. This method is really a must-have in scaling the investment value when he has the moment to enter each period, be it weekly or monthly.

On the one hand, the decline occurred due to the effect of negative news and there was concern among traders which made you have a moment to buy and hold in the long term.

Actually, our life outside has full of risks and so as here in the crypto world but the risk can depend on the people's knowledge and experience. When it comes to strategies, DCAing is great for those who invest in longer terms but as long as the coin that they invest are reputable coins such as bitcoin while for someone who only wants to try and make a profit asap, then they can wait for the bear moments or whenever there is a price correction. They can then sell by the time there is a recovery in the market.

Lastly, I don't think there are more risks in BTC but BTC is actually more safer than the those shitcoins and some altcoins, knowing that we already have a patience to hodl and does not panic or sell when its value drops.

HA.HA

We are talking about investing in bitcoin with the DCA method but don't know why it goes to altcoins, maybe it's a typo. lol


There is no risk free everything is risky especially shitcoin, but we still deserve to hold bitcoin rather than any other asset in crypto so it is clear what we are doing with the DCA strategy is the most ideal practice for now, what you said earlier is true you don't need to buy bitcoin all at once we still have a way with the most widely used DCA method even this will not burden us during the process of obtaining bitcoins.

Let's not talk about altcoins anymore it's not worth making a DCA because there is no weighing that gives altcoins it will recover they are a real downturn so it's not necessary for altcoins and I think altcoins are the ones with big risks whereas bitcoin has a 4 year cycle period.

2022 will be finished, I will continue DCA in early 2023 and beyond......

Basically everything we do is risk free but when I look at the current conditions I think to invest in Crypto and DCA in bitcoin of course this is a very good one regardless of what the conditions are instead of glancing at alt and shitcoin projects obviously bitcoin has a lot more risk better than that.
We must be aware that all actions will definitely have real risks and consequences, but on the other hand, if we are confident enough and able to overcome all the panic that there are risks, it will actually be worth the benefits we get, especially when we are here to prepare our old age to go smoothly. ok and while we can afford to buy bitcoin with the current bearish conditions why not.

Huh?

Why are you talking about altcoins?  What is the connection to BTC?  We are talking about BTC here.. not altcoins or shitcoins... so pray tell.. what is the connection to BTC that you are mentioning?    Is there a mistake or a typo in your post?

Yes absolutely, this can be a great opportunity for those investors who are yet to start investing. BTC is now $16800 which is a big dip for investors to hold. If you invest from here you can easily gain if the market rises. Each altcoin has gained between 75%-99& depending on its sector. If anyone is holding on to follow DCA method, i think 2024 will be one of remarkable years that will not happen naturally. But of course risk should be taken carefully before investing. It is worth investing as much as you can afford to lose.

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

There is always a risk, but the question is how sure are you that the price will be lower? Even many who predict prices will be lower are currently questionable and there is no guarantee that these predictions will actually come true. Buying regularly is one of the best ways to buy when the market is in an unstable situation. We can also do the DCA strategy, and I think this is the way that many investors are doing it now, and also the strategy that is being recommended a lot at times like now.

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

Ser! Bitcoin merely survive? I may be a little biased, but definitely the competition for which cryptocurrency holds the Standard as a Store of Value is already over. It's definitely ONLY Bitcoin, but if there's another cryptocurrency that would challenge and compete against Bitcoin, it only would be another coin issued through POW, not one of those POS consensus by commitee coins.

Do you know what is bitcoin?

You are making comparisons to .com and you are also seeming to be making an analysis of bitcoin by lump in all cryptocurrencies - and sure you are making some attempts at macro-comparisons and attempting to not really even attempt to address what bitcoin is.

Maybe you should attempt to figure out what bitcoin is and then try to describe here why you believe that bitcoin is merely just one subcomponent that is just following macro and/or technological stocks related space?

What about bitcoin in terms of sound money?  Have you considered what is going on in bitcoin from that angle?  Do you know the various ways of framing of money and then what happens to be going on in the world from that angle?

Do you recognize and appreciate what particular problem bitcoin claims to have solved.. and then attempting to analyzing bitcoins growth and various network effects that come from that angle of what problem that bitcoin attempts to address that involves the way that value is created and perceived and the difference between the dynamics of debt - versus bitcoin being a bearer instrument.. and sure of course, there are issues when any of us are allowing others to hold our keys when bitcoin happens to be a bearer instrument that we can hold.. if we learn how to do it and to perhaps create and follow systems to attempt to hold and maintain some, if not all of the value that we keep in bitcoin.  What other value bearing assets, instruments can you hold in the way that you can hold bitcoin, and what are the various trade-offs? 

From your seemingly superficial framing of the issues fzkto, I have my doubts if you even understand bitcoin since you do not seem to be accounting for some of the considerations that I mentioned above.

Similarly, cryptocurrencies can be compared to the less positive dotcoms event. The charts of many companies in 2000 looked like the current charts of various coins. As a matter of fact, Michael Saylor lost a huge fortune at the time. Honestly this fact alone scares me. If dotcoms history repeats itself, few projects will survive, but bitcoin will definitely be on that list.