Topic: Buy the DIP, and HODL! - page 472. (Read 108130 times)

I wouldn't say an increase will occur after yesterday's drop to $18k from $20k and I also wouldn't say that the decline will continue until the price is below $18k.
One thing is for sure that Bitcoin is not the same as any other crypto and the market situation is bound to fluctuate.

We just need patience in dealing with situations like today because a rainbow will appear after a heavy rain.

For me maybe I've bought dips before and this will be kept as a closed note and start with DCA for the routine that is run with my commitment, I don't know what's going on in the market even I don't care how much you buy dips, but I want how much BTC has been obtained so far from DCA on the road and are we ready later if our high price has a lot of Bitcoin for us?

I know investing now is much better, but in my opinion it is difficult when finances are unstable whether with other basic needs being a living burden, but this DCA can still be run according to the specified allocation, now I have a little comfort where DCA is much more good for long term accumulation.

Each has their own way of when to buy bitcoin regardless of whether they see a market correction. No one forces them to buy when the price drops 5% in 24 hours because it is always possible to see more of a dips during the panic session. Accumulation + DCA is a great mix for anyone looking to become a holder in the long term, but start small and fit your budget. You can also still wait longer to buy, there is no obligation to buy if you can patiently wait longer.

Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.


Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.


Another good thing about DCA is that an overwhelming number of regular people do not have lump sums of money (whether by using debt or by using other assets that they might have) in which they are able to frontload their investment into bitcoin (or any other asset in which they might employ DCA), and in that regard DCA is amongst the most practical of methods to get a stake in BTC. 

If we are looking at an investment that might take 10 to 15 years to really build up a sizable position, then surely it may well be better to front load the investment but people are not necessarily able to do that.. so DCA remains amongst the best of the alternatives, even if they might try to be aggressive and to front load their investment into bitcoin in the beginning (such as their 1st 5 years or so), and then maybe don't invest as much after they have established a decent position.. but of course, these are not easy matters to decide, and for sure there is a need to figure out various personal concerns in order to attempt to size the amount that is invested and over what time period there might be higher levels of aggressiveness that may or may not relate to whether the BTC price dips or not but instead based on the extent to which extra cashflow might be available for investing into BTC versus whether there might be any needs to diversify into other assets (I am not referring to diversifying into shitcoins here)..

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.

Any work should be done with in proper time. Many of us are busy looking for a dip when the market stay in bull position, but that dip is never found. The whole cryptomarket is now at its highest dip for several years. We need to take maximum advantage of the dip market. All that needs to be done is to buy from here and hold for the long term.

There are various categories of BTC HODLers who might question their BTC conviction, so when I said that I cannot really disagree about buying the dip here or waiting for a possible further dip before buying, I am trying to respond to the fact that guys employ various kinds of strategies.  I have my own strategy that I employ that may or may not apply to other BTC HODLers - even though I believe that my strategy is largely in line with the ideas of this thread.. .even though I consider DCA to be a bit of a superior strategy for more newbie bitcoiners who are in the earlier stages of BTC accumulation, and once any of us have accumulated more BTC then there tends to be more discretionary options regarding how much more BTC to accumulate and how frequently to acculate and under what terms.



I agree with you that DCA is preferred because otherwise trying to time the BTC price might cause someone to stop DCAing and attempt to be strategizing with the price when they should just be ongoingly buying (especially at these prices).. but like I already mentioned, it does seem that the more BTC that any of us has already accumulated, then we will tend to have more options to attempt to strategize with buying on dips rather than just continuing to buy on a regular basis.

I would think that anyone who has been accumulating BTC with a relatively modest budget for less than 5 years would be pretty eager to continue to buy BTC at these prices, but it is very difficult to generalize.  Sometimes if BTC HODLers/accumulators had been more aggressive in their earlier times of BTC accumulation and if they were into BTC (and if they accumulated a decent amount of BTC) prior to October 2021, then they may well feel that they have already accumulated a lot of BTC at sub $10k BTC prices, so they might be less eager to be buying now, even if the BTC price has dipped around 75% from our November 2021 top.

What is certain is with DCA because buying Dip now is difficult if you reach for more declines or not, unless they have extra savings to buy it now but for me enough DCA is running it will continue to add more Bitcoin for us if we don't buy dips now.

Focus, buying dips wins is good but it doesn't have to put us under pressure, but with DCA I think slowly but surely.

Shouldn't this practice be carried out on a firm strategy?

Even if you agree or not, the fact is that further declines are still possible and vice versa, the price could rebound at any time when traders start to have the same mindset to buy on the downs. I think doubts can come to anyone when they really are not long term holders who have accumulated bitcoins every enough dip.

I remember bitcoin was trading below $18K this year, but it was only a short while before the price started breaking through resistance above it. The current $17.7K is good support not to touch anytime soon, but anything is always possible in the market.

Greetings ser, no we do not, but it's also a kind of personal preference on what DIP you place your bids and what is your comfort level. Personally, I'm very comfortable in buying the current DIP, it's so deep from where Bitcoin's price was during November. I believe it can't go another 80% lower from current price, that I'm protected from further mental insanity.



We the plebs should also gather together and form "Bitcoin Club", and the first rule of "Bitcoin Club" is,

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Yes

But is it better to buy the DIP during the bear market cycle even if it DIPs more, or to buy the peaks of the bull cycle? You see the difference? You say it's "hard to find the DIP", BUT during bull markets, many of those same people who said that it's "hard to find the DIP", also say that the people who actually bought the bear market DIPs, are "just lucky".

Well if you can appreciate that historically people might have had worked, invested and saved for 30 or more years with an expectation that if they continue to engage in good investing and saving strategies then, they would be able to have choices to either NOT work or to reduce their work levels.  They may have goals to reach some kind of a "fuck you status" in order that they can choose for themselves in their elder years without having to worry about finances, and if they can achieve such fuck you status prior to reaching retirement age then that can be a bonus.  Sometimes they are not even able to reach that status and they have to continue to work more hours and more years into the future than their preferences.

Bitcoin has the potential to help folks to be able to reach fuck you status and maybe even to reach it earlier as long as there is prudence, patience and persistency.  So yeah, 4 years would be really soon to start cashing out of BTC, even if a person may well profit from BTC in such short terms, but the ones who are able to hold onto their BTC longer have greater chances to benefit from the compounding aspects in which BTC value continues to compound onto itself.


You seem to be describing a practice that is the opposite of what I would recommend in terms of your seeming to want to worry about whether you should sell or not if the BTC price is going down.

I would suspect that it is a better practice to buy on the way down, and if you are worried to wait.. or to HODL.. but at the same time, you may buy on the way down, but the BTC price keeps going down so you do not really have a choice except to wait because you do not have enough money to keep buying unless the price stays low long enough for your cash flow to come in, and then maybe at that point, there would be a choice between just buying on an ongoing basis such as DCA or waiting for more dip.


Again, if you are suggesting that you have to wait until there is a sign that the BTC price is going back up before you buy, then you may well end up waiting too long and you do not receive the sign, but the bitcoin price starts to go up and you end up buying too late.

In any event, there are different approach es to these kinds of timing of the buying matters, and sometimes it is possible to beat the market, even though regular blind DCA may well end up performing just as well, if not better.


If you try to be too smart for your own good, you may well end up chasing the train with your suitcases, like these poor fellas.

Just believe that bitcoin will recover, maybe this year we will continue to feel a continuous bearish but if you have bought above the average of the current price better hold on because in time we will see an increase in the assets we have bought during the Dips.
Trust me the market cycle will not go down forever there will be time to recover so be a little patient for us as bitcoin holders as long as we buy at high prices from now on.

Granted we are in above average buying prices right now, for me no need to be frustrated and it's part of a bear market cycle that you mentioned, but stay relaxed we are going back 100% to a bullish run.

There's no need to be so frustrated at the bear market that there will be an end I believe it will all be bullish in due time.

A HODLers will stay calm on Rollercoster.   
https://twitter.com/naiivememe/status/1565240026191253504

I know many of you fellow HODLers, who probably have an average buying price that's higher than Bitcoin's current price, are very very frustrated right now. But it's the bear market part of the cycle, and there's nothing plebs like us can do to change it.

BUT there is ALWAYS a BULL MARKET after every bear market, and Bitcoin will surge again, and to six digits, https://twitter.com/btcmemecreator/status/1560993253754687488

If someone is buying with a dedication to profit, then he should always look at the drop in Bitcoin so he can earn more at a lower price. And it would also be great to take it into a long term investment or keep it while waiting for a big pump to hit the market. But for those who like to store Bitcoin as a long-term asset or as a collection of assets in Bitcoin, then obviously don't really look at the price issue if it's not for profit purposes. But very few people are like that because the average person who invests in Bitcoin is for profit with a very strong dedication of belief.

For beginners I think should be excluded in terms of readiness to take part in investments, they are completely dependent on conditions at the time of purchase, regardless of how bitcoin has performed in previous years. Because the ongoing trend sometimes reacts the same as the previous market reaction, which is why analysis and viewing quarters can provide insight into their investment journey, although in reality not all processes experience the same thing, at least when the trend is going down and the market react not as expected, then they can wait for the right time to release bitcoin.
If panic occurs at that time, then generally they will release it, resulting in losses that they cannot avoid, I personally started practicing this in investing, but specifically for bitcoin.

The most important thing is to stay calm under any circumstances, because panic is the closest to loss

To invest in bitcoin there is no need to wait for a low decline, because under any circumstances bitcoin can be bought, it's just that we need to wait for the time to pump up, from investments made at a certain price.
Regardless of market analysis and trends, I think bitcoin can be bought for now, if you look closely, the market quarter will be heading towards the green line in the next few weeks or months.