Topic: Buy the DIP, and HODL! - page 470. (Read 136170 times)

To you the current market situation seems like a normal situation to invest but honestly to me every situation in Bitcoin seems good enough to invest. But we can't predict from which stage the Bitcoin market will go. Just as Bitcoin can move from lows to lows, Bitcoin prices can go from highs to highs. We cannot say anything about the Bitcoin market in advance but by researching the market and observing the market regularly, one can predict the market movement to some extent. 
Investing in Bitcoin and holding it deep is a very challenging thing for every investor but those who accept this challenge and hold their investment deep achieve success. 

Ever since my childhood, I have heard a saying from my mentors that if you are patient and focus fully on your goals then you are sure to succeed. I believe this saying and I think it applies to all cases. Like us it takes years to complete a particular course be it your medical course or engineering course. Completing these courses must take a certain amount of time, a student has to put in a lot of hard work, be patient and focus a lot only then he can complete these courses. If a student cannot withstand these pressures and focus on studies, he/she drops out prematurely and cannot achieve success there.

Investing and holding it deeply I think is like completing a certain course in real life. Just as the course is not complete if the education is left before a certain time, if we cannot hold the investment for a certain time, the investment remains incomplete, so we must have a tendency to hold it.

You are very correct I think BTC price was lesser as at the earliest 2016 when the price was either 354.91 or less. Those who applied the DCA would be pretty ok by now the goal of aquearing more might not be too necessary because late investors are striving to enven aquare at least 1 BTC in 2-3years where as tthe old investors have the coin and only expect it to climb the ATH.



Are you buying in dip to make profit in a short time or buying dip to accumulate more. Well it's up to you. But I think dip is an advantage for you to aquare more. no time is too late because you might think #35k is too high to be called dip probably tomorrow you regret why not buy at $35k as dip compeard to when the price might have been maybe #40 to $50 or so.

Of course you are right because as an investor we shouldn't allow speculation to influence our investment decisions but however if you must listen to it perhaps you should see it as a motivator that reminds you of the good opportunities offered by Bitcoin.

However in as much as we feel speculation is bad or it influences people decisions in times of investment but there are also people who are inspired to accumulate Bitcoin base on the informations they are hearing from several people so to them speculation is the best.

Bitcoin price is moving up gradually and if you know that you are interested for investing in bitcoin I believe this is the normal time we can invest in the bitcoin, so their no time we invest that is waste of time but the problem is to know when is dip so that you will make a profit in cryptocurrency investment, things I know of bitcoin is that we are not supposed to be believing in the speculation of bitcoin because speculation is one of the things that makes people to invest when they are not supposed to invest in bitcoin

Actually in this case when talking about investment it is a choice and indeed if we can do it then why not.
Regardless of whether or not fiat is safe at this time we must realize that fiat is the greatest power but investment can indeed be a necessity without leaving fiat because after all for everyday life fiat is still very much needed.
I will not leave fiat in this case because it is also impossible because fiat still has full power, especially to support life but for investment, especially in bitcoin, it is a different story. Do not merely when you are in bitcoin you forget and consider fiat bad because in the end when looking at the situation in everyday life fiat is still a primary factor if categorized as a necessity.

Therefore, we must have a careful strategy from the beginning so that in the future the needs we need and the ongoing investment (DCA) are not disturbed. 20 percent is not the initial benchmark because if in the end if we are not able to be consistent in the future, why force something that is difficult for us to guarantee so that initial management of finances and planning in investment must be decided carefully from the start.
If we set too much from the beginning, for example 30 percent or 20 percent but are not able to be consistent, it will also be not optimal so it needs further emphasis on whether we are able to invest with an amount of 30 or 20 percent for the long term or not. If in the end this is burdensome then reduce it so that you are able to be consistent but on the other hand you are also able to support the needs of the life you live.

A trader has more exposure to the crypto currency market than a regular holder would because of the frequency of interacting with the Blockchain for transactions.
A holder knows nothing more than to HoDL and if they are disciplined enough, can and should HoDL for a couple of years without paying heed to market trends of whale signals or halving in the least

A holder would buy the dip or buy otherwise because they believe more in the outcome than in the currency market situation.

This is why it is crucial to avoid believing everything the Bitcoin preachers say online (Blog site, YouTube, X and more). Most of those sayers are seeking attention and followers. Sometimes, their posts and articles can be misleading and may cause you to change your initial perspective of Bitcoin, which was correct. Consider the scenario, where Nicholas wrote an article stating that Bitcoin should be avoided, but after a few years, he changed his stance and started learning about Bitcoin. There is no point looking up to random individuals who haven't accomplished much in the Bitcoin world and say, "Oh yeah, that's my role model"? That's what some people do. No one knows what the future holds for Bitcoin, and once we realized that then we won't listen to the sayers and preachers anymore.


I totally agree with you, Salahmu. Simultaneously, waiting for the dip to occur, Bitcoin will continue to set new records, whether on the upside or the downside. It can be somewhat of a waste of time, especially for new investors. This is because, in the process of waiting for the dip, it requires luck to catch it, and a lot of time and energy will be dedicated to it. This efforts can be exacted in regular DCA and even you can wait for the dip why DCAing.

As a beginner who just start investing on Bitcoin I don't think looking for the right dip before investing on Bitcoin is the right decision because you could end up not investing on Bitcoin at all, but however one of the challenges of most beginners is that they always feel that price of Bitcoin has gone way beyond there reach, on the contrary it doesn't work that way because you could accumulate Bitcoin with any amount you feel is well suitable for you.

However a friend of mine had similar experience as you, however he was influenced by speculation about Bitcoin that it will drop from when it was $27k to $24 so he decided to wait for the dip so that he could start accumulating but little did be know that Bitcoin price movement can never be predicted so however instead of the price to dip it continues rising and now he began to imagine how much Bitcoin he would have accumulated by now if had utilized the opportunity then.

So perhaps during the time you were busy trying to identify the dip, if you had channel the energy on accumulating Bitcoin by now you would have a reason to smile while watching your investment.

I did not have the opportunity to engage in such accumulation of BTC, since due to personal reasons I had a break of several years (about 4), and I returned to the forum and to active accumulation less than a year ago. I agree with you that 50 percent may be too high a share for such an ethereal token that is added to the owners' accounts with the snap of a finger. 40 and even 30 are quite fair.


I love your positive attitude and your quality of looking for the good in things like this.


There is an axiom in my thinking, based on which the entire strategy is based. Bitcoin will always recover and come back at a high price. Therefore, everyone who bought it at any price must wait and sooner or later they will receive the benefit. They will definitely get it. Therefore, I am very happy when the order ladder is triggered when the price decreases and cheap BTC are bought. At such moments, I am sure that everything is being done correctly.

Don't know if I should be happy or not when the price of bitcoin has touched more than $35,000 now, not thinking too much about selling as well as watching the market movement, it will only become restless if it continues to stare at the chart screen.

When the money is available I want to keep pressing the buy, buy, buy button every week, no matter what the price is the accumulation of DCA is important to keep taking the average price of the dollar that is put into bitcoin, when you wait for a low price it is certain that it will be boring to wait for it I don't think there is a need to worry when the price of bitcoin continues to rise or for fear of missing out, but the important thing is that you have to keep pressing the buy button when the funds are available to buy bitcoin regardless of price.

Surely you are neither thinking very long term about bitcoin, and you also seem to have pretty low expectations regarding bitcoin's upside potential if you are selling much of your bitcoin for such low levels of profits, and yeah, we are not talking about selling here, and yeah, people can do whatever they like, but seems pretty low and it also seems that you will likely be regretting selling way too much too soon... but hey, whatever, do what you like.


I don't know what any of that means, because the article that he wrote was from 2011, and so maybe he was denying the whole of bitcoin since 2011.. but at the same time, supposedly he got a bitcoin/crypto course in 2016.. so yeah, nay sayers will sometimes have several touching points with bitcoin, including sometimes changing their minds and/or changing their chosen allocations..

For sure, it is likely that we can recognize and appreciate anyone who might have gotten involved in BTC 7 years ago would be sitting quite pretty right now, even if they might have done so in a DCA way rather than lump summing in.. ..  DCA'ing at $100 per week would have had resulted in $36.6k invested and around 6.35BTC; however since the BTC price was less than $1k in late 2016, lump summing would have gotten more than 36.6 BTC for the same amount spent.. So method of investing sometimes will depend upon whether funds are available.


Well you are likely too smart for yourself, since it is best to start investing in bitcoin as soon as you can, and then just invest for 4-10 years or longer, but you are free to do whatever you like, including sitting on the sidelines and watching everyone else get rich without you... including having fun staying poor.

Of course, there are no guarantees in bitcoin, so you may well just choose to watch it and wait for dips rather than actually doing something in terms of getting into it... In other words, your words and ideas don't mean hardly anything if you just sit on your hands.

There is an expression "time in the market is better than timing the market" which largely means that it is better to just get in and be persistent in your BTC accumulation, and then perhaps 4-10 years or longer down the road you can figure out if you are in a better place than you would have had been without investing into bitcoin. 

If you are capable, try to think longer term and take actions in that direction, including buying BTC weekly.. $100 per week, and if you cannot afford that much then adjust down to whatever you can afford, including $10 per week if that works for you.   There should be no needs to continue with than dumb little ideas about whether you believe the BTC price might go up or down in the near future... and while you are buying BTC on a weekly basis in the coming years, study bitcoin as an idea and continue to invest and maybe adjust your approach to bitcoin based on having had learned rather than dabbling with superficial ideas about what someone (who you don't know) on the internet might have or might not have had said.

Using 200 weekly moving average is an effective idea to measure the bottom of the price trends. In deed it is sound approach for long term investors. It also helps to filter out short term price volatility and provides more stable reference for assessing the overall trend, and long term moving can also help to identify sustained  upward or downward trends.

I find the chart helpful for attempting to plan ahead too.. and of course, you can click on the link to see a more full chart, and I had also thought about posting one of those charts with all of the dates rather than having gaps at various points along the way.

The chart might also tell you that you may well not need as many bitcoin as you might think that you need in terms of today's dollars, and if you remain persistent, you can continue to accumulate as many BTC as you are able to accumulate, and surely if you have a goal to accumulate 3 BTC in 10 years, then that might well be close to enough, but with the passage of time, 3 BTC might be enough in 12 years, even though there are no guarantees, and if you end up accumulating more in a shorter period of time, then you might not need to continue to work towards accumulating more.

Of course, I used $2 million as the entry-level fuck you status amount by presuming a western standard of living, and anyone could recreate the chart with their own fuck you status level, if that might be more or less than what I had used as the presumptive entry-level fuck you status.

I also used a trajectory of the 200-week moving average (which is largely the BTC price averaged out for 4 years), and it could end up being the case that the 200-week moving average does not move up at such a high rate as is projected in the chart, but the use of the 200-week moving average is an attempt to measure the bottom of the price rather than the top, so for people who are mostly continuing to hold their wealth in BTC, they might not want to get too much false optimism if the spot price fluctuates a lot and so there could be times in which some BTC are cashed out at prices that are much higher than the 200-week moving average, but if many of us might be considering holding quite a bit of our wealth in bitcoin, it is probably going to ongoingly important to try to figure out BTC price bottom measurements rather than top measurements.

It is very difficult to identify a dip. You may only encounter a drop in the price of Bitcoin within a certain range and start buying it. But that doesn't guarantee that the price will immediately increase because often, the price continues to decline. If you trade, you should anticipate this by dividing your buy order into several parts so that if there is a downturn, your buy order will be filled.

But if your goal is a long-term investment, you can buy every dip. But it is also not recommended because it will use up your capital for that day and you will not have any other capital for the next day. And it will depend on how you can adjust your capital in buying bitcoin.

My advice is for you to buy bitcoin using the DCA method. This DCA method has been proven to help small investors like us buy bitcoin regularly. You can determine when to buy bitcoin, weekly, biweekly, or monthly. You can also determine how much capital you use every time you buy bitcoin.

Waiting for the dip or timing the dip has brought regrets to investors who uses only this method and it has made not to be able to accumulate a good amount of bitcoin because it is hard to know what price is the minimal dip. Investors that don't have any problem when they are waiting to buy at the dip are those investors that have reached their bitcoin target or almost close to their bitcoin target, by then they can choose to slow down in their bitcoin accumulation and might see the regular DCA approach not necessary anymore. But a newbie who has just started his bitcoin journey or a low coiner shouldn't wait for the dip because he might end up missing out. It is better that your bitcoin investment keep increasing fradually than you are just waiting to buy once in a while wjich you are not too sure of the right time to buy.

As for Nicholas Jackson, who has every knowledge about bitcoin on his nose and could't take the opportunity to benefit from what he has learnt, is like some people in the forum who feel that it is better to know everything about bitcoin before investing, they might end up not having any satosho, because anyone that believes in bitcoin will buy even as he is learning so that he can have an experience of the market and the ups and downs of the market to become better by tomorrow. Nicholas Jackson missed the biggest opportunity of buying bitcoin and making profit from his investment because he failed to put down the theory that he learnt into practice. To me I see it as a wasted knowledge because he couldn't benefit from what he learnt.

This is why it is good to invest in bitcoin when you have known the basic knowledge of bitcoin and learn the rest knowledge along side as you are hodling and increasing your portfolio with DCA frequently. So that we don't see ourselves as someone that have all the knowledge of bitcoin but have nothing to show for it.

Fuck! shitcoins, it shouldn't be given any more attention. The temptation was trying to get them early for those sweet gains 100X, 200x, 500x or even 1000x, but unfortunately only for them to be a rug pool. Only 3% of day traders make profit from trading shitcoins. So we dont have to try it all, by trying to day trade shitcoins we have removed a fraction of money we would have use for Bitcoin.

Quite an unfortunate individual, Nicholas Jackson had the privilege of learning about Bitcoin earlier and even completed some Bitcoin related courses. Well, he did not invest or take part in the success stories of Bit coiners from seven years ago. I believe he has some doubts about Bitcoin. Knowing about Bitcoin technology is one thing, but believing in the technology is another. Only true believers are the ones who go the extra mile for Bitcoin. His disbelief caused him to halt his journey.

This is 100% correct. However, it is nearly impossible to predict the future. What I mean is that, while buying the dip is important, buying at a good value is also important. This means the focus should be primarily on the current price and the price you are speculating it to be in the future this drives you to DCA and accumulate more. Trying to time the market is not really necessary, especially when you are a Longterm investor.

I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.

Written by Nicholas Jackson.



Who like many of us, including me I tried "day-trading" shitcoins, that LEARNED THE HARD WAY.



I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important invention of this century.

 

Buy the DIP and HODL, especially those DIPs that make Bitcoin crash below the 200-Weekly SMA.

You talk like you definately know what you are saying. Bitcoin bullrun is never predicted in anywhere as much as I know. Even if, there is no guarantee of a certain amount of $40k. Bitcoin price is mearly base on absumption. Not prediction. So let us not build our trust on a false hope which might cause psycological or mental trauma when it didn't turn out the way we might have hoped.


Bitcoin is not stable, and predicting it's price will cause more problem to you when you don't get back in return what you expect. Even as many of us always talk about buy dip and hold, I also think some are mearly following the trend  but thinks of how to make profit in coming bullrun. And this is the reason see people are buying the dip and hold otherwise. And it's a wrong interpretation of the Dip and hold. Note: I am not referring to you but using this as an example to explain to others.

I am excited with current bitcoin price keep going up last several days and success raised above $35k, but its can't stoppable my main target keep accumulate in bitcoin despite many people mindset right now bitcoin on higher price. I worry with many people mindset exactly when bitcoin have lower price they are worrying for investing or keep accumulating and prefer waiting with another lower price, but their expectation was wrong with bitcoin success raise to higher and many of them have classic question "its late to invest in bitcoin today?"

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To be long term holding in bitcoin and keep accumulate as how many possible depend on your financial condition you must have long term target and how much profit from current bitcoin price to sell, for my self never sell my bitcoin daily day investment before raising more than 50% of current price I bought, keep hold it and accumulate every day during still not raise with my selling price target.