Topic: Buy the DIP, and HODL! - page 474. (Read 123847 times)

What I understand from experience is that someone who is new into bitcoin investment will say that he is holding for long term when he plans to hold for 1-2yrs. Another thing that I see about newbies is that because they are new in the market,they are eager to sell and make profits when bitcoin reaches their price target and they will think that it is the best way to make profit. Such people in this category because of this mindset of others,if bitcoin price didn't pump as they planned it but went in reverse direction,they would be able to continue holding for long and they will quick sell of because of panic and they didn't plan holding for a full circle. The fact remains that the longer you hodli and DCA on your bitcoin investment portfolio,the profit increases respectively with the number of circles.

On the other hand some new investors that just started their Bitcoin journey might tend to hold for two years due to their decisions on their target number of bitcoin but as time passes by and they have reached the given time,they might decide to further their accumulating time and number of bitcoin to a longer time. What I mean is that if one plans to accumulate 1BTC for 2yrs and getting to 2yrs,he decided to increase his BTC to 2BTC because his believe in Bitcoin have increased and also financial income,and continues with DCA for another two years and so on. But if you only accumulate for 2yrs and sell off and think that you have invested for a long term,you are wrong because you don't get it. You must complete a circle which is four years for you to have good experience of the market,so that you can take advantage of it in the next circle to accumulate more bitcoin. A time is coming that those investors that are use to a very long term investment,like 10-15yrs up will be the most wealthiest people because they took advantage of hodling alone.

Thank you for your input and I am now more confident in making decisions and the risks have also been carefully considered.

Sorry for the inconvenience I've caused for asking a question that has already been discussed many times. In the future I will try to read more. Thank you for the input you provided. Maybe there are many things that I can pick up plus points and have more confidence to invest in Bitcoin on a regular basis.

We have to identify some things clear from this discussion, some hold on many reasons which we can see part of them as for an investment asset to retain and maintain it value over a period of time, some to increase their holding capacity by making profits from it over time, lastly some prefer to hold in bitcoin because they realized the challenges with the fiat economy whereby inflation decrease the financial value of what they have and sees bitcoin as the perfect alternative, which means in whatsoever reason we decided to hold bitcoin over time, we should know the risk involved as JayJuanGee has highlighted, we are investing or holding base on our personal research and information we have about bitcoin investment and not because others are doing so, because along the way you could discover some challenges that may warrant you releasing anything you're holding onto, just as we have with this period on bear market.

Off cause nobody knows about Bitcoin price movement if will actually drops more than this but from the little I read about Bitcoin price movement when is a bit closer to the halving is that the price normally consolidate on some certain zone between A, B or C, so bringing it to the Bitcoin price movement now is just ranging within some certain price but not actually on a dip trend or uptrend, from my own view the market will not go dipper than the way it was.

So now is actually the right time to accumulate as many Bitcoin you can get because when it spike it moves massively heading to break the all-time high, so is good to have some amounts of Bitcoin on your portfolio before then.

Of course the fall usually happens when it's not expected. And it is good that you have the opportunity to buy bitcoins more often, it will definitely bring you profit in the future. But I think you should always have some money to be able to buy more coins because of a collapse. It doesn't happen often, but if you are able to take advantage of it, you will have better luck.

Investment less than 4 years is not a long time hold, not even up to a full circle which is 4 years, but people have different perspective of long time hold pending on there accumulating plans, for some persons there long time hold could just be 2 or 3 years holding while others believe long time hold is from 5 to 10 years but it all depends on the holders.

Jay, just like you said whatever thing anyone wish to do provided is working for them, because whatever interpretation they have on long time holding provided that they are meeting there target which is the most important even though the reason of this thread is for buying the dip and hold but at last everything boiled down to profit which is the major goal or the reason of accumulating.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

If we don't drown in this bear and bull we can focus on holding bitcoin. Then we will be relatively safe in any case. An investor needs to hold Bitcoin because we know that there are more than a thousand people in the crypto market who invest heavily in crypto. We can consider them as whales. And all these whales together control about 40 percent of the world's bitcoins. Since a large portion of Bitcoin is under their control, the market can be manipulated at any time. And to be free from such situation, the importance of long term holding is immense. Crypto market we know is risky platform but for those who buy bitcoin and hold long term it can be said to be risk free profitable investment.

It's just a process and it's definitely for preparation so that it's safe and not affected by a lot of analysis which in the end gets confused due to most of the suggestions, it's better if we focus on accumulating BTC, currently many people already understand the methods also simple methods. If we read and browse on the internet, the DCA method is highly recommended, that's almost the average I found. Yes. DCA is a real suggestion and will work if implemented by accumulating BTC until today.

Until the halving take place that's when Bitcoin movement will be certain if is up or down, even most investors are quite skeptical about the dip, so they are with the believe that Bitcoin will drop more than it current price during the halving.

One of the things I noticed about halving is that during when the time start getting closer to the halving the Bitcoin price maintain an upward consolidation and after the halving it triggers to massive upswing, we can see that Bitcoin price has been consolidating between $25k, $26k to $27k ranging to trigger after halving.

It seems to me that you are asking questions that have been answered various times in this thread, so it might be helpful to read through several of the posts in the past month or two, and if you need to refocus your question based on what you read, then come back with some more specific questions.

I am pretty sure that I had several times attempted to address the essence of the stable versus unstable finances in terms of DCA should be based on discretionary (meaning extra) money that you have available after you account for your various expenses, including your emergency expenses.

A person who has more unstable income and or expenses then has more difficulties DCA'ing , but they are still able to DCA so long as they make sure that they create a sufficient of enough reserve or cushion.  I gave some specific examples  in some recent posts that I made in this thread regarding and so it likely would be good to read back through them, but if there is a range of expenses that you have which might be between $800 to $1k per month, but your income varies between $400 and $2.5k per month with many of the months being around $1,200-$1,400, you likely need to keep at least enough reserves to cover the difference between the bare minimum that might come in and whatever are going to be your expenses, and sure some expenses can be deferred, too. 

Maybe a person in this here example that I just gave should try to keep at least $3,600 in his/her reserves prior to investing.  Since the difference between the minimum amount that s/he might make and the top of the expenses is $1k, so $3,600 would be enough to cover $6months worth of low income and high expenses.  If such person has not sufficiently created an adequate enough cashflow reserve, then DCA investing would be risky.. and maybe if s/he aspires to get to $100 per week investing into bitcoin, but if the reserves are not high enough and they are being buit, maybe such person ONLY invests $10 per week while the reserve is being built to a sufficiently high enough level that would be practical, and maybe the person believes that $1,800 rather than $3,600 is enough of a reserve, and that they are not gambling, and so that is their choice regarding how many chances they believe that they are able to get away with taking while still attempting to be somewhat prudent with their finance and trying to invest into BTC at the same time.


Fuck Crypto.. We are not talking about crypto in this thread.

If you were trying talk about something related to bitcoin, then why didn't you use the word bitcoin?  what does crypto have to do with this? unless you may well be confused about how to use language properly in a way that is sufficiently clear and not ambiguous?  Just because you heard smart people use that dumb word does not mean that you should use it without specifying what you are talking about, exactly.

I don't know truly for certain how this particular theory about the price dropping before the bull run is but if it eventually plays out like the way you say it then that will truly be a perfect time to buy although I am planning to wait for that to happen but having that in mind is actually  not also a bad idea as I do buy Bitcoin on a daily basis.

Another thing to know about bullrun is that it does not occur in a one way direction like that, it might have pump up far enough and still begin to dump and continue with both process for a while before it suddenly pumps again very high, what makes it noticeable is the fact that in such period, the market becomes highly volatile then the market experiences more of bull than bear as the resistance against the bear market keep increasing during such period.

Market sentiment and holders' actions are the activities that always outplay before and after any bull market and the amount of buying and selling make up for the overall activities in the market that provide us the data to base our analysis of the market on,  so we have to expect whatever price directions be is fall of rise before the next anticipated bull market which we don't know when exactly that will happen,  but it is expected to come after the Bitcoin halves which is sometime around 2024.
The weak hands will sell off forcing the price to deep,  but more also those who already understand the market behaviour already know what action and direction to take in this situation as we approach the half-speculated date.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

I'll answer it for you but based on what I understand, so don't swallow it whole so you have to decide for yourself.

The first, is DCA or stands for Dollar Cost Averaging, which means saving regularly. Ideally you should have a stable income, if you work and get paid weekly or monthly then the percentage of Bitcoins should be taken into account. For example, if your monthly salary is $300, then 10% is used to buy Bitcoins, withdraw whatever you want to a cold wallet and remember, don't store your Bitcoins on centralized exchanges like Binance, KuCoin, Mexc, etc. According to your goals, you want to hold Bitcoin in the long term.

Second, if on the other hand your income isn't as stable as your friend's but you keep investing in Bitcoin, it's just that your buying patterns may be erratic depending on whether you have the money or not at the time. Is that bad? Of course not because basically being able to buy one is already a good decision whether you want DCA or not. Because the most important thing when buying is to make sure the bitcoin price is in a bearish trend or a red candle.


Third, here it seems like you already have pretty good basic knowledge about Bitcoin plus you already know what the risks are when investing. I think it's enough as the main foundation, it just needs to be executed in my opinion. Because you already know the risks and already have a steady income compared to your friends' conditions, you may be able to collect more Bitcoins more quickly.

Just a note for you, the idea behind DCA aims to educate investors to have disciplined habits in order to achieve bigger goals in the future. Hopefully this can help and strengthen your determination in investing, the pros and cons of the explanation above, please only take the positive side. I, you, and everyone are still learning so don't be shy to ask questions and keep reading more from reliable sources about investing so you don't lose money by mistake.

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

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Life of a crypto man has always been of regrets. Starting from Bitcoin mining to Bitcoin trading. Human being are insatiable, but I see that the short time investors are the ones that always lament about not buying earlier.

Buying the dip is the best option. No matter how the dip might look. Sometimes people always want the dip to fall below $20k before buying, but anytime Is a right time because the future is still bright according to btc analysis