Topic: Buy the DIP, and HODL! - page 475. (Read 108121 times)

We are not talking about selling in this thread.

Furthermore if you are in BTC accumulating mode, then selling is not a good tactic for BTC accumulation - even though there can be ways to employ selling for various risk management purposes.. but still that is also not the topic if this thread.

ATH last year was over 60k so 50k must not be considered as a dip but it can still be normal decline in the price or can also be a correction but when you say dip, it should mean a severe decline in the price but anyways, any decline (small or big) is still a buying opportunity that shouldn't be missed because we never know what if the decline won't continue and there will be an instant recovery or another ath/bull run?

Everything that is too much is bad and that is why you fail right there but that should serve as a lesson to you that next time you might need to sell once the value cross on your buying price. Sometimes it's better to earn small than not earning anything at all.

Just keep buying.. and if you are scared, then buy $10 per month rather than $1000 per week... We are talking about a matter that involves deciding how much to buy (in the even that you are scared) rather than whether to buy.

That is especially true if you bought at $50k, then you should be excited as fuck to buy at $23k or $24k if you had already been buying at $50k .. just figure out the proportions that make you comfortable rather than getting scared into inaction.


I don't know how many times it is needed to be repeated that we are not talking about shitcoins here.  The same principles of buying the dip does not necessarily apply to any of the shitcoins.. .. that's a separate analysis and none of us should be assuming that it is good to buy any shitcoin.. just because we are talking about the ideas of buying bitcoin on either the dips and/or on regular basis during these kinds of uncertain BTC price times..

right now it is very suitable to buy and invest long-term, but what if you have bought at a high price when the Bitcoin price is still at $50k?,
I hope that for all it is better to avoid long-term holding, because cryptocurrencies are very risky.

We truly are different. Bitcoin can be both Store of Value, and Medium of Exchange. OR it can be much more than we believe it is. It can be something that can weaken political strongholds. That's more than a form of Store of Value, or Medium of Exchange. Bitcoin could be no mere currency.

I'm talking about the actual Bitcoin, OK? BTC, not the forked shitcoin of a forked shitcoin called BSV.

I am also the one who bought some coins including bitcoin, and after buying it forget it. We'll wait when it goes up again, I believe in this way we will be able to get big profits because the price of the coin is now down or low, very suitable for long-term investments.

I also thought it was a really good idea, so I still make some purchases on coins that I like including buying Bitcoins. but some people are still afraid to buy and hold the coins they like and also don't want to be patient waiting for the next bullish season to come Because I personally am still very sure that the next bullish season will definitely come again although it is impossible to predict when that time will come.

What are you going to do then?  merely whine about the BTC price being lower than it used to be?

Do you believe that there could be some value in either DCA'ing, buying on the dip or some other variations of such actions at this point?

I do understand the idea of running out of money as the BTC price had been dipping, so if you bought on the dip down to $50k, then you might have run out of money, but that dip down to $50k was quite a few months ago.  Do you have any cashflow coming in?

Ultimately it is your choice about how much you want to invest into bitcoin and how to treat the BTC price actions, and part of the ideas that are being discussed in this thread do have to do with ongoingly accumulating bitcoin and what kinds of strategies that you might consider along the way.

Your forum registration date is April 2017, so surely you have had more than 5 years to employ a variety of strategies to accumulate BTC, and I would think that there have been decent chances for you to have a decent BTC position, merely with some kind of a DCA strategy.. so for example, if you had been DCA buying about $100 BTC per week for the past 5-ish years (since your forum registration date), then you would have spent around $27.8k but you would have about 3.5 BTC, so you would be decently in profits right now.  Of course, people make mistakes along the way, but 5 years investing in bitcoin, even using pretty conservative numbers, would likely put you in a decently good place.

There is no reason to believe that continuing with a DCA strategy and/or supplementing such strategy with buying on dips will not continue to serve as a decent strategy into the future, especially if you have a timeline of 5 years or longer from now.. but of course, if your timeline is shorter then it might be a bit more ambiguous regarding what are the likelihood of achieving decently good results from such investment plan.. and surely there are no guarantees either, even if shorter time horizons do seem to provide more ambiguity regarding what your past performance might have been between some time period in the past and today.. but going by your forum registration date, it seems that you have had pretty decent chances to have had performed fairly well if you had taken a prudent and reasonable BTC accumulation strategy that would have involved consistently investing into BTC.


This thread is not about cashing out or valuing your wealth in dollars.. .. so fuck off with that nonsense..

We are talking about long term accumulating BTC.. so hopefully you are able to figure out ways to accumulate BTC with a 4-10 year or even a longer time horizon involved rather than thinking about short-term nonsense involving getting in and out of BTC which surely seems to be a worse strategy than merely ongoingly accumulating BTC... until you reach a decent quantity of BTC rather that holding dollars or some other asset or currency that is likely even less valuable (over the long term) than something like BTC..


Even if you might have been joking (or sarcastic?).. it is not easy to treat you seriously, Zanab247 when you are coming out with nonsense like that.. $70k by the end of the month? or even by the end of next month?  you seem to be in fantasy landia.


You think that you know what the fuck you are talking about? 

I know that you are a smart guy, but Jeez... gotta wonder why you are spouting out dumb big blocker (BSV) talking points, and hopefully you are not so brainwashed to be investing in that crap, as compared with actual bitcoin (BTC.. have you heard of it?)  Have you heard about bitcoin's various value propositions that are not merely contained in some dumb and largely untrue slogan like the one you spouted out above.

By the way, bitcoin is currently quite capable of serving as peer to peer cash.. have you tried it, recently?


Well, your discussion of bitcoin as comparable to gold, and likely responding to sgbett's post, seems to highlight the point that bitcoin is likely around 1,000x better than gold in a variety of ways, even though BTC's price (reflected in market cap) is about 1/20th of the size of gold's market cap.   

Surely, relative to gold, overall bitcoin is going to quite easily match gold's market cap in the coming 4-10 years (and likely exceed it too), but it could take 100-200 or even more years for BTC to reach around 1,000x the market cap of gold.... quite likely a lot of battles and also some facts that we still do not really know.. and even developments that we don't really know because one thing about the future, is that it is not really known in advance, so we can merely attempt to make our best approximations about how to attempt to prepare for it based on information that we have now, and maybe even maintain enough flexibilities in our own finances and psychology in order to tweak and/or adapt our strategies based on new information that comes about..


This thread is not about altcoins.. fuck altcoins.. they are also known as shitcoins, if you had not heard that term previously.  #justsaying.. you will thank me later (perhaps?, if your ego does not get in the way      ).. 

buy the dip and hold is perfect at times like this, the price of Bitcoin is down -60% from ATH,
and altcoins have fallen more than -85% from ATH, of course this is a good opportunity for long-term hold,
because when the bullish season has started, then the profit you have will be very large, so just hold the altcoin you like

Thats slang really because very few people ever use gold as currency or asset.     Thats a point in its favor I guess that  its not overly popular, over played like the enforced FIAT standards have surely worn thin.

I've traded and held literal digital gold.  It was done centrally by a vault operator and sold online in very small amounts which appeals to the common pauper folk.   Micro gold isnt cheap but this was purely the market price split precisely quite nice I thought.  In the end it was a big problem because they didnt like I held too much, obviously I was thinking price would rise I had not sold much and that rise did occur after years.
  Its the usual never ending red tape nonsense and obviously they already had everything same as any bank account.  It is tax free in alot of places so I guess more closely watched.
   Took half a year I could do nothing and eventually they allow me own then sell my actual holdings, if I'd needed the cash to pay a medical bill or whatever meantime it'd have been useless but too bad tough luck thats how it works unfortunately.


It hasnt started is probably more accurate still.   I wont believe its at an end till the whole process of continual debt recycling and deficit spending as modern magic is shown as a trick not anything that works to the benefit of society or economies which have suffered its existence for so long.

Disingenuous would be saying that Bitcoin is 'digital gold', when it is obviously supposed to be a peer to peer electronic cash system.

I guess we are just built different.

Yes, because everyone want to be happy when the price increase higher in the market. Now that the price of Bitcoin is still low in the market, it will be favourable for anyone that wish to buy and hold for the price to increase higher, because the price is changing gradually in the market that is making people happy that the price will reach $100k before the end of this year 2022. No matter what you lost in the past, I believe you will definitely recover them when the price move to $70k before the  end of this month.

Definitely not over yet. CPI at 8.5% is a good number for the short term but for the long term, there are still many risks in play. China's covid lockdown is very unpredictable. I think if you got any of the cryptos for cheap from the crash, cashing out a part of it if it was green seems like a sensible choice.

Of course everyone hopes to buy when Dip and Hold then sells when it is a big profit, when the price of $ 50k in 2021 I think it is the price of Dip so many buy, have the opportunity to sell when the price is more than $ 65k but I'm too optimistic so that it continues Hold and the result is that I lost more than 50% my money.

CPI printed 8.5%, less than what economists, investors, and traders expected. BUT I believe it's not yet over. Food and Energy prices may have fallen, but Rent inflation is still high. September's CPI print will be revealing if inflation is truly subsiding. Wait for September's rent inflation.

Plus watch the Reverse Repo Facility, https://fred.stlouisfed.org/series/RRPONTSYD

If the money in there starts decreasing, that's more liquidity for the markets, and possibly Bitcoin.

this is a bullish sign for the short term, the CPI drops to 8.7% and that is good news,
it is clear that the stock and crypto market reactions are moving up, of course the correlation is SPX,
SPX goes up then Bitcoin will also go up, and remember, don't FOMO , Bitcoin target is at $30k.

The CPI is only a few hours away, and many expect 8.7% this time, lower than last month. In theory, if the CPI falls as expected, everything should turn out fine. Every stock market, and cryptocurrencies are standing still waiting for CPI to be announced, I hope there will be no surprises. CPI falls but the market won't rise, anything can happen. The market is unpredictable, let's wait and see the results.

And it's really taking some steam out of our current increased, as it went to $22k below, although it's fighting $23k as of the moment. Well I guess if these fudsters will be effective, then we might as well ride with then, hope that the price will go down below $20k so that we can buy in this dip.

So we will see how it will goes, if the Consumer Price Index announcement will have a massive effect on the price or will crypto market will just slept on it.

CPI print, or Consumer Price Index, will be announced later! If it shows that inflation has finally peaked and has started to decrease/slow down, then I believe it's probably YOUR opportunity to buy EVERY DIP, and HODL. There might be actual fudsters in the forum who truly want that Bitcoin will crash more below $20,000 again, but perhaps they just missed their golden opportunity. There might be some DIPs to $21,000 though.

Everyone is starting their topics, either asking or TELLING, that the "bottom is in", but is it truly in? Should I also change the title of the topic to "Buy EVERY DIP, and HODL"? I was confident that after the FOMC's announcement, the answer would be "YES". These are good DIPs to buy, and buy we should, but wait for the next CPI print if you want another confirmation. If inflation is slowing down, BUY EVERY DIP, or simply, BUY.