Topic: Buy the DIP, and HODL! - page 468. (Read 108136 times)

one of the things that woke me up was the news about "Bitcoin is Dead", yes we all know that news like this has appeared every bearish season,
and indeed if we compare the current bearish season and the last bearish season it was more dire due to FTX, TerraLuna and several big companies like Alameda have also gone bankrupt,
of course this is not a small thing because they have a big influence on crypto, but CZ has also said that we are going to a better crypto world and of course there will be victims first to achieve this that.
Hopefully this time the news about dead bitcoin can be the bottom of the bitcoin price itself like in previous years.

News, memes, and actual data that might be giving plebs like us some indication that's IT'S THE BOTTOM, but continued to be ignored.

1. The same narrative during 2018 and 2019 again that, "Bitcoin/Crypto is dead".



2. Elon Musk starting to post memes about Bitcoin again. Is he buying?



3. Actual data that shows that 120,000 Bitcoin and 1,400,000 Ethereum were withdrawn from exchanges last week and in the custody of their actual owners.

Simplify, just use U.S. Dollars, Euros, Yen, Swiss Francs, . It doesn't change the fact that Bitcoin has already won the war in what is truly the Store of Value of all cryptocurrencies. Ethereum? Dogecoin? Other shitcoins? No, they have lost the war.

Plus it's time to pay attention. Be ready to deploy our "soldiers", savings, for the next "war", next bull market. Don't wait for the whales to front-run you. YOU front-run the whales!

The thing that is still difficult to get rid of at this point is to remove to value every good and service in dollars. Because that is still very much done by everyone in this world (including those who are not familiar with Bitcoin), and I personally also often value things in dollars so that the people I talk to can understand it more easily.

Even though everyone can value something with other currencies that they are familiar with and have also used in life, but it is always rare so that the valuation of goods through the dollar currency always occurs more dominantly in life. And for the parable of 1BTC = 1BTC I think it is better to replace it with 1BTC = ... (its own value) with a clearer understanding and easier for everyone to understand.

I don't have any problems with ideas regarding attempting to evaluate and valuate bitcoin in terms of dollars, whether we are talking about current value or future value - because largely I have difficulties understanding what is the meaning of 1 BTC = 1 BTC, even though a lot of smart people talk like that... but such a statement about 1 BTC being equal to 1 BTC  still does not mean much of anything to me.. except for removing us into abstraction, fantasy and detachment from the real world.

It seems to me that we do not necessarily need to devolve into such meaningless (and vacuous) statements such as 1 BTC = 1 BTC in order to attempt to figure out that BTC is the soundest of money that we should be attempting to accumulate.. and at the same time, the dollar is likely to remain quite dominant as a very widely liquid currency for many years to come - but still even having a parallel dollar system and a bitcoin system, hardly seems to justify that any of us should feel that we need to completely remove ourselves from the dollar system, because a lot of goods and services continue to be priced in dollars and will likely continue to be priced in dollars for many years to come - even though BTC is also likely to continue to gain a lot of value relative to the dollar as it already has historically - even though in shorter-term periods, BTC is almost certain to be inevitably volatile against the dollar... though with ongoing longer term likelihoods that the volatility will be towards the upside for bitcoin.

So in that regard, it seems blind and fantasy to fail/refuse to attempt to consider both the value of the dollar and the value of bitcoin and attempt to adequately and sufficiently allocate to be able to have both.. have enough dollars to cover short term expenses, and attempt to continue to accumulate BTC or at least to account for NOT selling too many of them too soon as it is likely good to continue to accumulate them.. but each of us also has to be careful NOT to overdo it.. and/or to over invest in bitcoin in such a way that we are forced to sell more bitcoin than we would like to sell at a time that is NOT of our own complete and voluntary choosing.

What we invest means that we have to understand, don't just look at the trending session, so I think it's wrong that someone invests in bitcoin, for example, but he doesn't understand what bitcoin is, so it's better not to invest, of course it will be risky.
Look at BTC = BTC, don't look at BTC = Dollar if you look at it like that then we will think it's a loss to see the state of BTC that is falling, especially for those who are not strong enough to see the current situation they must have panicked over the events in that 1 night, for me it's relaxing can even buy more DIP.

True, investors do that for long-term investment even DCA and HODL strategies are common in their investments but can maintain for a long time.
Well at least with us continuing to invest all the time we have the opportunity for bigger bitcoins depending on how many years we run it, indeed in bitcoin there is no guarantee in the future how big the bitcoin price will be but we have confidence in bitcoin which will be more big, we have a big community all over the world bitcoin is not controlled by anyone but with this we are optimistic because we have learned about bitcoin in the future.

I will agree with you that it is difficult to figure out where the bottom is when the BTC price is falling so rapidly, but that does not mean that it is "risky to buy the dip" and/or to "HODL" as you are proclaiming.

If you have little to no clue regarding what you are investing into, and you view assets merely in regards to their current (short term) dollar price, then maybe in those kinds of circumstances it may well be "risky" to buy BTC dips and/or HODL BTC.

Long term investors in bitcoin have done quite well with DCA, buy the dip and HODL strategies as their primary strategies, especially the longer that they have been in bitcoin, and there does not really seem to be any evidence that bitcoin is worse of a "long term" investment now as it had been historically, even though for sure there are some short-to-medium term set back in terms of the BTC price - which may well end up being opportunities, and of course, we might not really know until some time down the road regarding how BIG of an opportunity we have in front of us (to buy bitcoin) now.. since for sure there are no guarantees in bitcoin as an investment.. even though there are several of us who likely consider bitcoin's investment thesis to be way stronger now as compared to when it was priced way lower than it currently is priced.

So do your own research and figure out your own particulars in order to figure out how you are going to strategize and/or employ any of your bitcoin investment plans and/or if you believe that bitcoin should be part of your investment portfolio (and if so, how much and how should you go about accumulating it, if you believe that bitcoin should be part of your investment portfolio).

What are you doing right now, Uzairjutt275?  Do you have any bitcoin?  Did you sell recently?  If so, do you have a plan to buy back at some point?  If you do not have any bitcoin, do you have any plan to get any? and if so what would be the circumstances in which you plan to buy, and how?  Would you DCA? Buy on dips? Lump sum invest?  or you have some other lame-ass trading strategy in which you believe that you can figure out the BTC price in advance of it happening?

It is too risky to buy dip and HODL the cryptocurrency now a days because its price will be increase and decrease very hardly. Many investors get from profit but on another hand many investors loss their money at this marketing condition.

when the price went down a lot and they waited for it to go down more and when it started going up again they waited for it to go down again but the price just kept going up and never saw those numbers again.

There are times when a downturn takes a long time to recover, and I don't think it's a smart move to put your funds into highly speculative assets if you're short on cash and you can't take the risk. But in the case of bitcoin, buying a dip is, most of the time, a smart move given bitcoin's ability to bounce back no matter how steep the drop.

But again, one must still properly allocate funds for investments and other personal matters so as not to get caught in a difficult situation if the downturn continues and falls further.

In order to make a good profit from bitcoin, it is a must to move with the market rather than just focus on targeted growth.

Did anyone Buy the DIP, and HODL?

 

I'm probably biased, but I truly believe that Bitcoin has, won the war, and has become the only true Store of Value in the world of cryptocurrencies. It's also probably why I'm more understanding, and less condemning towards altcoin holders/traders. They may outperform Bitcoin in some parts of the bull cycle, but when the surge is over, they come back to the most secure/safest cryptocurrency to HODL.

If you refer to all the conversational posts in this thread of course the dominant answer is buy and hold. they don't care about the benefits but hold on while you're still alive. I feel pessimistic about this meaning. Some big investments do take time and have risks / benefits that are obtained in the period of investment made. the rest of the meaning of hold is when a loss comes then hold is an option and if a profit comes then a big opportunity is to sell and buy again.

I don't ignore any member, even though sometimes it might become tempting to do so in regards to a few members, yet for the most part, it takes very little time to scroll through any particular post.. and I tend to believe that even the most challenging of members to read, every once in a while even those members will post some information that is worthy of consideration.. and it does not take me much more than a fraction of a second or a few seconds at most to determine if I would like to spend any time considering their ideas (to the extent any ideas seem to exist).  So maybe we have similar perspectives regarding Franky1.. he can go from one extreme to another.. make some decent points, and then "horey sheit" how could anyone actually think that way?  hahahaha.. I hate to make any mental diagnosis regarding any particular forum member, but you are correct that sometimes the mental state will show through the writings... and sometimes it might not be a good idea to comment on such mental status... .. but hey we cannot necessarily be psychological experts, either, so sometimes I have been lectured for being too much of a meanie.. and sure, I understand that sometimes any of us might write "mean" posts without necessarily realizing the level of cruelty that might be perceived in our own writings, even if we are believing that we did not intend our writing to be particularly cruel.


I have found that some "lame" posters will sometimes get better with practice, and sure of course, there are some "lame" posters who seem to never really get better, and accordingly, they will post some basic (generalized) ideas or not even any ideas from themselves, over and over and over, and in that regard, we sometimes would end up concluding that these guys do not have any abilities to actually think for themselves.


It does seem that some members are either unable to back up what they are saying, or they just post vague generalizations that have little to no meaning, and there are a lot of threads that have that kind of vague and meaningless content, unless a more senior member comes into the thread to actually make some meaningful points on whatever vague-ass topic was being discussed.  

Part of the reason that I have such a passion to attack members who use the term "crypto" without context does not really have so much to my happening to be against "crypto" or against shitcoins, but I sometimes get overly annoyed with the use of that vague term, and sometimes such vague references (especially regarding that stupid-ass term, "crypto") will come from otherwise very smart people, and sometimes they will try to defend their use of the term by saying "everyone else uses it."  hahahahahaha  It becomes an easy way to identify that an otherwise seemingly smart person does not seem to know what the fuck they are talking about when they throw out such a term... .. and it's my belief that if such otherwise seemingly smart people are called out on their use of such term, the genuine ones will actually attempt to communicate more clearly rather than continuing to insist on using such term in a vague and/or meaningless way..  Many of us have even spotted billionaires and even supposed financial experts throwing around such vague term, which surely should raise some red flags, if we are trying to actually engage in critical thinking rather than just accepting vague-ass representations from otherwise seeming subject-matter "authorities."

Couldn't help reading your exchanges as I got tagged in nearby posts -- gotta say guys like franky and proudh have long been my favourite "anti-heroes". I do ignore many of the latter's posts, but at the very least, you can't accuse them of being unentertaining. I do enjoy seeing more kinds of forum posters but the majority seem to be just careless posting, beyond the point where it's casual discussion, into "better say nothing than say meaningless things".

What's funny to me though is that at least half of those who've posted in this thread agreeing with buy/hold, I found annoying, or disagreed with (in the reasoning to buy/hold). Least frank and proud actually have something meaningful to say in disagreeing

No, because if I wanted you to truly shut up, I would just click the ignore button, like what I do to all of the disinforming trolls/gaslighting charlatans. But EXCEPT franky1, he's a national treasure in the forum/community. A special kind of Gaslighting-Troll. He deserves the extra attention. This forum is probably therapeutic for him, and helps his mental-state. Hahaha!

I need time to make frequent visits to bookstores, because I have not yet come to that kind of knowledge of action. Hahaha... you're cool JayJuanGee.
What I want to say, I actually do not have writing skills, so it is difficult for me to have a longer discussion with anyone. I'm afraid that later in the discussion I will equate Bitcoin with Crypto. Is there a way?

I'm more comfortable with yearly than daily. As long as trading activities are carried out to meet needs, I support.

Yes.. it is pretty crazy that the forum has all kinds of folks, and sometimes Franky1 makes some decent points, and then other times, he just seems to get caught into delusional thinking - which is probably part of the reason that he had been banned from some Technical threads.. and sometimes, it seems to me that he knows what he is talking about but then it will be shown that he was just  employing technical mumbo jumbo and NOT really making any good points - so it ends up feeling like he is misleading when he employs some of those tactics.

I am not going to proclaim to be any kind of angel, either - because sometimes I will allow myself to get drug into some discussions that end up causing me to lose my patience and even to exaggerate in order to make a point that is intended to dismiss the other side rather than to engage in area in which I don't sufficiently feel comfortable.  And, also sometimes a response might not be necessary, but I will choose to respond (which will sometimes anger other members)


Are you trying to shut me up by saying nice things?  I am just a regular guy (pleb just like you)... hahahahaha 

I just write a lot.. .. and chime in to discuss various ideas.. just like you do... and hopefully each of us is learning along the way, too and maybe sometimes sharing some information, perspective, links to other ideas that are relatable to other forum members.

Regarding our current situation, we have been stuck substantially below the 200-week moving average (which is currently at $23,800 and was at about $22,200 when we entered into this zone) for about 4.5 months.. so we sometimes get challenged in terms of whether our old models still work, are we going to hang onto our old models, how are we going to prepare for either BTC price direction, and which price direction is more likely in terms of both distance that it might travel and how long it might take to get there.  Do we need to tweak our models and our plans, and will we be called hypocrites if we do change our plans (or our ideas in regards to preparing ourselves for either price direction)?


Buy moar has two words and 7 letters, and that could make us happy too, perhaps?.. and buying more is also an action item.


Well there are all kinds of levels of persons who have bitcoin assets, and surely there are a lot of folks who don't have any bitcoin assets and their asses remain scared in regards to whether to enter, how to enter, and might there not be some other better action (doing nothing).. hahahahaha

We frequently have folks who have no coins, who remain afraid to get in, and some of the newer coiners remain scared about what to do because they may well have just got into bitcoin in the last two years, and overall they are under-water, so even the HODL is not really making them feel good.. and they are worried about the "buy moar" approach.


There are likely some people who are struggling to make all their ends meet, and then if they might ONLY have $10 to $100 per month extra, then where do they put it?  How much should they have in cash, and how much in bitcoin?  Yes.. there can be ongoing work.. keeping your head down to generate more cash, and maybe to attempt to generate some more income and then instead of having $10 to $100 extra per month, then the guy/gal gets up to $50 to $250 extra per month, so then maybe at some point, some people might realize that they are going to be able to allocate some more towards buying bitcoin.  Perhaps?  perhaps?


What's this thing that you refer to as crypto?

I thought that we were talking about bitcoin, here..

Fuck crypto.  Let's clarify are we talking about bitcoin here or something else?

Those who think that a sideways market is boring; they will never make money in crypto. This is the consolidation phase of the market where big players accumulate their positions to gain maximum profit in the bull run. If we think in a way like whales, we will be thankful for the market to move to the lowest support level for us to take positions.

I just realized there is that thread, and you are leveraging Bitcoin in the right circumstances.

Exactly, that's what we have to put out of our minds about worries so we need to forget about Bitcoin after investing (in terms of price movements) and focus on Bitcoin but remember I don't like Altcoins that are invested in the long term so I always avoid Altcoins for the long term, except for short term trading sometimes it is often done.
And one more thing that makes us stressed is seeing a fluctuating market, so it must be removed and don't check prices often.

But fortunately my income does not depend on Crypto so I am more free to invest in Bitcoin not with Altcoins and from all that I have invested is that the calculations that have been done including entering the emergency fund and rental needs funds etc. must still be fulfilled, I think this is what keeps me firm on the Bitcoin investments that I keep doing.

You are right buwaytress. If we are easily influenced, then Bitcoin is not for us.

Bored. A word with five letters, but can cost us forever.
hold. Four letters that make us smile happily.

That's a picture for those of us who currently have Bitcoin assets.
I don't really care about the current Bitcoin price because the current Bitcoin market situation allows me to get some positives. The positive thing I get is that I don't have much time to spend looking at price charts.

I never called you those things, otherwise if you really are those things, I would have stood up for myself like I do with franky1. You are a Bitcoin OG, and a good one at that. You deserve all the respect.


I am starting to forget if I was even criticizing you very much, except your word choice.