Topic: Buy the DIP, and HODL! - page 483. (Read 123809 times)

This condition can make someone a dilemma in buying bitcoin because they have tried at a certain price such as the example you mentioned at $25k but seeing a possible decline to maish far down sometimes we can have another assumption by being able to buy at a lower price such as $23k which makes the purchase order at $25k doubtful to do.
Things like this can make us actually lose both because there are still some possibilities to go up for example.
I often do stupid things like this because it is precisely with the greed that I have in my brain that I lose momentum and bitcoin has increased after the decline has occurred so for anticipation like this when I set to buy at a certain price for example for $25k when it has happened then I will stay at that number because we cannot determine with certainty the price that will be touched rather than I lose momentum to buy I prefer to buy at the destination I want to buy and re-plan for several other purchases at another time or day by looking back at the possibilities that will occur.

IMO in this case I think we also have to look at the conditions where anything can happen.
DCA is indeed one of the good strategies but when looking at the conditions of the decline that occurred then apart from DCA, We also have to see some momentum from the decline so that it can be used to buy more, for example, we are still consistent every week by buying $10 or $20 when there is a decline, it can also adjust because we will also certainly follow developments and see whether the progress of btc will go back up or down (even though it is only speculative) so in this case while we can do DCA, we will definitely DCA according to the consistency we did before but on the other hand we also have to prepare to catch if possible btc drops lower so that we can get something more.
Because DCA also we have to see the conditions whether something like this can still do DCA or not because if indeed the condition of bitcoin still does not change and even tends to be lower we will certainly have several options in buying dips.

I will not stop but I also have to be able to adjust to other needs, I am not too focused on Bitcoin I have a family and also bills that must be paid this is what must be fulfilled every month but somehow you have to be able to manage well by dividing finances to make it more stable.

This decline may have been bought at yesterday's price of $26K so now I have to raise money again waiting for the next bearish, if nothing then it will go into the weekly DCA category, of course who is not happy with their first 1 BTC? Stay persistent in the investment you believe in especially in the risk but I remain optimistic.

Now in this case, good planning will be seen, I mean for those who have prepared everything they will be ready and immediately buy when the correction occurs, like now. They don't have to think about what to do during the decline, because they will definitely buy back to take advantage of this downward momentum.
For people who are not prepared, they will definitely have a hard time when they want to add to their portfolio. I personally always prepare myself to buy during a downturn like this. And the results can be felt by myself, I just have to determine at what price I want to buy.

This is a comprehensive explanation that I appreciate so much. To be frank, my recent buy is my first time applying DCA and I can feel the advantages already. First, there is this calmness that comes with it, as much of the capital is not committed to the market per time.  Secondly, it enable me to be open minded and see the market from two perspectives either of which is to my advantage. This is a huge relief unlike buying at one level and begin to hope that price does not go deep beyond that level... DCA actually handles the psychological burden of this.

I actually felt good seeing that some portion of my last buys went into profits just within some hours of being filled and even if the market dips further, I still have pending orders to fill. Even though one cannot completely predict the market, I have come to the conclusion that we will not see so much surge in price just now... the market will have to throw some surprises so that there will be people who will miss out om the big move and regret. I'm glad I will not be among them.

I really cannot begrudge anyone who gets excited from being able to stack more sats upon BTC price dips, and you likely are able to imagine how the longer that you might be in bitcoin, then your stack of BTC starts to grow in such a way that you are mostly biased towards up in such ways that you do not really get very many benefits from the BTC price dipping. but you can still structure your BTC portfolio in such a way that you attempt to take some kind of advantages of the price dips in order that you don't completely miss out from such BTC price moves.

Your portfolio could also be on the margins of setting you up for life, but not really setting yourself up for life.

Let me try to illustrate with an example of someone who might be somewhere between where you and I are - in terms of how long that they had been in BTC, so we might imagine a kind of progress that takes place with the more time that you are in bitcoin and the more coins that you likely have been able to accumulate based on arguably having had employed a somewhat aggressive approach to BTC accumulation.

So let's use an example of someone who came into bitcoin right around the top of the 2017 price run-up, so such person first started buying BTC at $17k, and then the BTC price ended up correcting into the sub $10ks, and even spending quite a bit of time in the sub $10ks... so maybe over the past nearly 6 years, such person might have invested around $60k into bitcoin, and maybe acquired around 6 bitcoin..so averaging around $10k per BTC... so maybe this person had come to bitcoin with about $15k already saved up and able to invest into bitcoin, and had a cashflow in which s/he could dedicate around $150 per week towards ongoing BTC purchasing, and if such person has a similar kind of budget now, as what s/he had over the past 6 years, then maybe s/he is still putting somewhere in the ballpark of 1/2 of the available income into DCA (which would be $75 per week), and then letting the other $75 per week build up in such a way to be able to buy more BTC on dips.

At some point there are going to be feelings from such a BTC stacker that the marginal benefits of the dips are not as great as if the BTC price would just go up, so there are feelings that there is not as much benefits from dips - in part because such person had already been stacking sats for nearly 6 years... sure, each time the price dips, s/he could get more BTC, and perhaps at some point, s/he might decide to completely stop with the DCA (or to reduce the DCA to very small amounts) and then to mostly stick with allowing his/her fiat to build up and to use that built up money to buy BTC on dips - and maybe even the dips have to become sufficiently great to even inspire BTC purchases. 

In other words, the larger the BTC stash grows, the harder and harder it becomes to inject large amounts of value into it and even to cause the stack to grow more than a few percentage points... but when the stack is smaller, then surely it is likely easier to cause the BTC stack to grow to higher percentages with lower levels of capital injection.

DCA is profitable and one of the ways this can be proven is what we are seing in this current market, the dip is an investment opportunity for some potential investors while those that have already invested should hold and maintain that because this will soon pass by in a very short time from now.


Both individuals and institutions have seen bitcoin investment as an opportunity they can always take for an investment as long as they can have the required time frame for their investment to mature.

The price at which bitcoin is right now is opportunity to buy more and also for who missed the opportunity to buy when bitcoin was around this amount.  Honestly this is a good time to buy again to hodl because this opportunity can take a while to turn around again. Whenever opportunity comes like this people who can afford to buy should not look down at it because even if bitcoin goes down this period it won't be something too serious because it is not gonna stay down for a longtime.

Bitcoin is currently over 26k$ today, and most of us now buy it for sure, especially those who do DCA in Bitcoin because it's a big deal and opportunity and then just hold it again.

Having extra money in an industry like Bitcoin business is really a winner. But this is the only good way that bitcoin investors should do nothing else and wait only for the arrival of the bull run that those who have holdings of Bitcoin in their wallet addresses are looking forward to.

I understand you very well. My excitement is primarily because the adjustment made me to gain more Bitcoin than I would have had if I had bought at the market price then. Initially I was planning to market execut when price lingered so much around $29400. But adjusting the orders lower in anticipation of a little dip following that discussion made me gain as much as 11% of Bitcoin. This is the reason for my excitement.
Anyways, what matter most at this point is buying Bitcoin within the levels it is as that to me is a wise decision. Bitcoin is heavily under-priced at the moment so any entry point within the zone is fine.

Misused"? Who said it's "misused"? The participants in the transaction were merely using Bitcoin in a way that you don't approve of. And if the authorities should take some bold action against it, then it should first take bold action against the Banks because the most used currency for crime is? FIAT.



No, my intention was to show technically how and why Bitcoin could be used for anything, read this write up by StopAndDecrypt, https://medium.com/hackernoon/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b

I don't get a lot of pleasure from my buy orders getting filled, yet I usually consider them to be offsetting the negative news in which the BTC price ends up dropping and frequently dropping further than we really think that it will...

it is kind of like making lemonade out of lemons.. with the assumption that you did not want the lemons, but you will still try to get some kind of benefit out of them...

and like you said that if we end up setting these up correctly, we can achieve a bit more of a kind of emotional neutrality - even though I doubt that we can really completely achieve emotional neutrality but having preparations in place for a wide set of scenarios does seem to take off some of the severity of the bite.


For sure the buying on dips and DCA are not mutually exclusive techniques, even if sometimes guys mix up the ways that they are talking about them.

So if you have $100 per week that is available to you for buying BTC, then you could choose to ONLY buy $30 per week or maybe $50 per week, and then to let the other balance of that add up with the passage of time in order that you can use it for buying on dips, so sure any DCA strategy may well end up diluting the amount that you have available for buying on dips, but also the balancing works in the other direction too because you could end up overallocating to buying on dips and not DCA'ing or ONLY DCAing $10 per week and holding $90 for buying on dips,

but then if the dips do not end up coming, then you may well end up wishing that you would have allocated more towards DCA.  Each of us has to figure out our own balances in these regards, including if we might want to be extreme towards one of the practices at the exclusion of the other, and perhaps we end up regretting our choices later, if we end up striking a balance that we feel did not end up working out very well for our situation.

Well, the plans seem good, I won't say its stable on the 26K because, for a couple of days, we can experience a new tight range of 25 to 26 and I would like to say this can be a good opportunity who still haven't prepared themselves for the halving at least they should not let go this event. Also, i won't say this is a good strategy to follow the accumulation Because on regular accumulation you never wait for the dips like 6% 7% market drop there you need to follow DCA.

As if my Goal is 1BTC accumulation i cant afford 1 and once even I cant afford 25% of it, so there i will prepare my way to constantly accumulate all i can do for more progressive accumulation is i can buy more as if i was buying X$ a week and now market recently took a dip of 6% or 7% i will try to go for 2X or at least 1.5X of regular events.

After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k,  $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience. The recent dip in price have shown me the beauty of flexibility in the market as most of my orders have been filled at much lower prices than it would have been should I had market executed.  Even if no further dips, I'm good now and should there be more dip, I will maximize it as well.

Let the market do what it does...

Its seems good ideas with your planning keep accumulate to reach 1 Bitcoin assets in your portfolio and don't stop for buying back exactly right now another dip coming again. Last night my order have been filled with Bitcoin price around $25,800 and its the best chance for investing with bitcoin in dip price. Almost raise 1 Bitcoin in my portfolio by accumulate every day with not too bigger amount but I don't give u for spending few of my salary to invest in Bitcoin. Looks Bitcoin still on stable around $26,000 have good moment keep accumulate how many possible as our portfolio assets until expecting break out to higher price again one day later.

Today I read that there might be a trend reversal and bitcoin price might have reversed. I don't know if we can trust these words, but the uptrend has been up all this year, which is not insignificant, considering that the main growth usually happens after the halving. So it could happen that we see a drop before the halving, as it happened in 2020.

I agree with everything that you said Tony116 - yet surely, I think that it remains important to point out that there can be some difficulties in terms of some older people to actually begin to invest into BTC if they cannot have any kind of high confidence of an investment timeline of 4-10 years or longer, and surely, even if they are not able to commit to at least a 4 year investment timeline, that still might not preclude them from investing into bitcoin, but it surely might either affect the level of their abilities to be aggressive in their bitcoin investment but also the amounts that they might even allocate to bitcoin.

I do personally suggest that any newbie is within an acceptable bitcoin starting range if s/he considers a 1-25% allocation into bitcoin (in terms of measuring their overall quasi-liquid investment portfolio assets), and so for example if someone were to consider that 10% would be adequate for themselves to get started into bitcoin; however, if such person is older (maybe 70 or 80 years old?), then they may well have to consider a lower than 10% number - mainly based on the uncertainties within a 4 year timeline, including extreme volatility concerns.. and including that they might need some of their capital to be liquid in much shorter than 4 year timelines..  but still that same person could well still consider a smaller allocation, like 5% or even something lower than that - even though if all things were equal and if they had a longer timeline, they may well be able to justify 10% allocations into bitcoin,

so timeline can surely make a decently BIG difference in terms how anyone my look at their own practical abilities to even invest into bitcoin or how aggressive that they might be able to be, if they do choose to take some kind of a bitcoin stake.


This is a good point Dr.Bitcoin_Strange.  Sure, there may well be some advantages in terms of having some flexibilities in terms of where to place BTC buy orders, yet at the same time, we can get misled in terms to figuring out when the down correction is going to either stop or reverse... so time and time again, guys can end up getting way too greedy in terms of thinking that they can figure out a lower bottom and thereby failing to sufficiently/adequately prepare themselves for UP at any given price point, even if they might have ONLY executed a few buy orders between $25.6k (our current low) and $29k-ish (the starting point of our most recent downward breaking).


I agree with several of your points, yet I must mention that you surely do not need to cite the whole post, so it is usually better to ONLY cite the portion of the post that you are referring to (rather than the whole post).

Not setting orders when overnight bitcoin fell I bought at $26K it was already a low point and a good "buy the dip" IMO.
I waited for the dip price for a long time but this time due to the market going down, I made an entry at that price, it doesn't matter if you get a buy order at $25.5K but at the price you bought it is enough for me, even though it's not about short-term profits but I want to accumulate to reach 1 BTC a little more, the current hope is maybe 30% for the portfolio to touch 1 BTC.

Odohu I think Tony focuses on the point that niara said about a waste of time teaching the older one's bitcoin unless to advise them to invest. And I'm on Tony's side here. You see, our main goal is to make bitcoin widely accepted everywhere, so it becomes a strong and recognized thing globally. So, why would we leave out the older generation?

Now, talking about the technology behind bitcoin, it's important to teach older folks about it. This helps them tell the difference between real opportunities and fake schemes, which keeps their money safe. If they don't know how to use bitcoin wallets or apps, how can they invest? Plus, these wallets and apps are part of the whole bitcoin technology thing. Don't we want them to stay connected in a world that's going digital all the time?

I agree, holding on tight is the way to benefit in the future, especially when it's bitcoin (I wouldn't recommend it for all coins). Buying at the lowest price of course will always be the best price to buy, but will we really know when the lowest price is touched? in fact many people are still scared when the price of bitcoin touched tens of thousands some time ago.
Well in this case there must be a strategy used, and DCA is a strategy that is widely recommended, including myself doing it. The strategy is one of the answers to this problem.