Topic: Buy the DIP, and HODL! - page 485. (Read 136073 times)

It can only be Bitcoin and nothing else, Bitcoin will always remain my first choice of investment because this is the kind of price movement you will see from a potential coin.

This Bitcoin current price chart explains why we shouldn't focus on knowing if the price will dip first before we start accumulating because there is every possibility of the price not getting to the level you targeted so however even with the current price is not too late to start accumulating so keep hitting the buy button while you can.

Source:  https://m.investing.com/crypto/bitcoin/chart

Preparing for Bitcoin price movement is actually what I normally do, irrespective of my accumulation using DCA strategy I always make sure to have an extra diversification in such a way that I prepared myself by structuring most of my funds that if the Bitcoin market dips down I buy a certain amount and if increase i reduced by continuing my normal DCA.

So actually is a new strategy I started using now and is working for me, I utilize the opportunity when Bitcoin was at that consolidation zone of $27k to $28k when I checked my portfolio the funds I had could sustain me even if buying on Lump sum so I took advantage of the dip by buying a good amount of Bitcoin, and now considering the level of price of Bitcoin it was a good entry for me and since the price has gone up I have reduced my level of accumulation to my usual DCA strategy.

I agree with you because I have also been looking at past data of Bitcoin and taking note of how much Bitcoin I would have gotten using the same amount of money under various market conditions. Generally, any method of buying Bitcoin in a bullish market is good for those who want to see quick profits but not the best for those who want to hold for long because if peradventure bear market comes, price might fall below their entry point, putting then in huge negative and at this point it takes a great deal of courage, trust and faith in Bitcoin to hold a huge bag in negative throughout the bear market.

On the contrary, during consolidation or bear market, one can accumulate decent amount of Bitcoin at very low prices in such a way that any significant rise in price will easily put the entire portfolio in profits.

There seems to be good flexibility in your approach. To a large extent, this seems like buying the dip that many combine with the DCA method. It is actually a wonderful approach as it enable one take advantage of the discounted price.

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing, apart from that i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear.  However, it must still be emphasized, in order to prevent you from selling Bitcoin which you intend for long-term investment, you must have a stable income that supports your finances every month... surely we will all smile with our portfolio if we remain disciplined in implementing effective strategies in investing bitcoin.

I don't know about that. Once you get to a certain accumulation level you have way more options regarding how to manage and maintain your BTC holdings.  I frequently suggest to only sell small portions of BTC and to expect that the BTC price might never come back down below the price that you sold them.

Selling seems to be problematic when you are either thinking of it as a way to get more bitcoin and/or if you are still in your BTC accumulation phase, then you should consider spend and replace for any times that you do choose to spend (or sell) your bitcoin.

So one of my personal beefs has to do with members promoting trading (which is selling) BTC as if it were a way to accumulate more BTC than what would be possible by using various kinds of ongoing and/or regular buying tactics...or even tactics to increase your income in order that you have more disposable income in which you could choose to sell BTC.

I am also not against anyone doing whatever they like or taking whatever chances that they like, but when they are trying to proclaim that their way is the best without describing some of the potential trade-offs and the risks, then that especially becomes problematic when employing selling tactics in ways in which to attempt to accumulate more BTC.

I heard the first rules of bitcoin differently.. to  be something like 1) always talk about bitcoin, 2) never talk about your own bitcoin... but being in a forum like this, we do tend to talk about our own bitcoin, even though we might also attempt to be coy in the ways that we talk about our own bitcoin which are other ways to consider various hypotheticals and/or the situations of friends as talking points.


Personally, I can never really imagine selling more than a few percentage of my BTC stash at a time, especially in the earlier stages of BTC accumulation, even though it could be profitable to sell high and buy back lower, especially if you are able to figure out some kind of a system to be able to accomplish it without screwing up your overall BTC accumulation mindset.

Once you have a lot more bearings on both the size of your BTC stash and various aspects regarding how many you might need, then it is likely that you should be able to get away with selling certain amounts of your BTC stash at certain price points. but surely when you choose the amount of the BTC that you choose to sell, you have to be prepared for possibilities that the BTC price will continue to go up higher than your sell point and might not come back below your sell point.


It seems good to always be prepared for either price direction, so how much you choose to be prepared and how well you have your preparations set up in terms of how much BTC that you might buy at certain BTC price dip levels or how much you are just going to buy BTC no matter what is the price, or maybe you have your buys set up in a range and then you don't do anything in another range, but if you have ongoing cashflow coming in, then you should attempt to account for that and even account for how much extra cash coming in would trigger you to have to change some of your already existing  ideas (plans) in regards to whether and if so, how you are structuring your buys.

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

First rule of bitcoin, you never sell your bitcoin.

I remember I have bitcoin bought under 10k and when bull run started I see them at around 22k. Bitcoin later went up and touched 67k. When I sold my bitcoin I was happy that I have got double profit but later I regret selling all my Bitcoins.
I have learned from my previous mistakes and I do agree that there is no need to get excited after seeing 30k. 30k is the price we have seen so many times this year and we are not sure whether Bitcoin can cross 30k this time.


If you see price of Bitcoin then over the period it has gone up. In other words you are deemed to get success if you are a long term investor. I always say that invest as much as you can easily without putting yourself into too much stress. Also we must be happy the way we are investing, those who have big will definitely invest big. There is no reason to compare yourself with anyone.

To me am only sighting the incidence of bitcoin spot ETF as a kind of distractions because bitcoin is currently at $30,600 and none of the spot ETF application had been approved yet, the thing we should know is that each time there's a bull or bear market, people will always find something to attach for why it happened such way, all we can do now is to ensure that our bitcoin accumulation portfolio is well positioned towards the next bullrun if we have the ability to wait and hodl till that time comes in.

It is difficult to really have any kind of level of confidence regarding knowing that any of us have time to accumulate more BTC at prices that we had been able to accumulate bitcoin in the past 18 months or so... and people will sometimes start to get nervous when the BTC price is gravitating upwardly, which tends to show that those of us who had been continuing to buy and not delaying are likely in a much better place right now as compared to those who had been waiting too much upon dips and/or failing to act (meaning buy).

Sometimes bitcoin goes into a kind of punishing mode and just continues to go up without really having any meaningful dips, so that when we are thinking about this thread, we might be thinking to buy on the dip, but even that can sometimes be difficult if the BTC price ends up continuing to go up without any meaningful dips.

Of course there is potential resistance in the $31-$32k area, and personally I did not really consider that area to be too significant, even though the BTC price had gotten stuck there, and whether there is any resistance at various price points between $35k and $50k is yet to be seen, too.


Whether we suggest that the rich people (institutions) are buying all of the bitcoin or if we might have some other reason(s) about why the BTC price is going up, historically, there have been several instances in which the BTC price moved upwardly out of an historical range that it had been, but then thereafter, never did return to that previous price range, and people who had been delaying in their buying of BTC, or waiting for lower BTC prices prior to buying, ended up looking foolish in retrospect.  So yeah, we have had right around 18 months to be buying BTC below $35k... so how much longer is it going to last?  We cannot be sure.  Are there going to be further dips below $30k?  We cannot be sure.


You can ONLY invest as much as your budget will allow.. so whether are attempting to invest in a kind of aggressive way, or you are being more whimpy and waiting to see how bitcoin performs is surely up to you, and it seems to me that historically those who had chosen to be a bit more aggressive in their earlier years (without going over board) had tended to feel better about the performance that they witnessed later on, so maybe in 4-8 year, you are not going to be able to buy bitcoin (or satoshis) for even close to the same amount that you can currently buy them.. but yeah, if you do not have very much extra money, then there is ONLY so much that you can do in terms of aggressiveness without ending up putting yourself into a dangerous place (financially and psychologically).


Don't worry about being behind people who started before you and people who have more financial resources than you. It is likely inevitable that these conditions are going to exist.

There are plenty of people whom you are ahead of who are of similar economic status as you and who are failing/refusing to recognize bitcoin and/or invest, and there are likely plenty of people who are of much more affluent economic status than you , but your investing into bitcoin is likely going to end up surpassing a lot of them.. sure it is not guaranteed, but it still likely is a good place to be considering to put a decent amount of your discretionary income.

Agree with you this makes perfect sense and will probably be one of the problems of every bitcoin holder, we know that we will not live forever in the world, while something in the future is always unpredictable, one of which anyone will never know when they will die, while on the other hand they have promised themselves that one day they have to transfer the key to someone special in their life such as their own wife. Basically the facts that will happen will not always match what we plan, okay maybe they plan that they have to give the key near the time of death, but it will not always be like that, maybe you think that you will die while in the hospital in the treatment phase and at that time you will whisper your bitcoin secret key to your wife, this plan looks very neat. On the other hand, you will never know under what circumstances you will die, it is possible and very likely that you will die in an accident or any circumstances that do not allow you to get time to share the secret key with others, this makes perfect sense.

As you said "Many bitcoins will be lost because the holder is no longer alive" And in my opinion one of the alternatives that can be done is that I will give the secret key to my wife from now on, no problem and I have indeed said a very important short message to her, none other than this as an action to minimize things that cannot be avoided such as death. I will write the private key on a piece of paper and keep it in the most secure place along with telling my wife that if one day I die then open the box, it is an inheritance from me for our children someday.

That's a good plan mate, having a knowledge is one of most important factors that needs to be considered in everything we do including our investment because knowledge gives us the ability and understanding to no what we are investing on and the possibility of getting a return in the future.

So is actually a nice plan you have there because you no and believe on the potential of Bitcoin that's why you are accumulating for long time holding and also with the knowledge you have on Bitcoin no news can influence your accumulating decision, so trust me choosing Bitcoin for investment is the best decision to make.

Currently there is a lot of discussion about the bull market and ETF. I personally don't want to waste time on whether that bull market or ETF is approved or not. After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA. I know I'm behind them but I don't want to be left behind in the long run. Those who dream big about bitcoin must consider its long-term investment.

I am not after the price of bitcoin currently and I don't care what price bitcoin is now. This is because I am new into bitcoin investement, which I jusr started this year, so I intend to hodli for long. I would only continue accumulate with my regular DCA method, even in the next bell run, I don't plan of selling since I want to understand how bitcoin value increases with timeline.

Since by the next bull run, my investment portfolio will still be very small compared to my target. I want to have an insight of bitcoin price after the bull run, when I still have my bitcoin and continue accumulating till 2029, that will be the next bull after 2025 bull run to see how the difference in price from this next bull run with that of 2029, so that I can talk by experience, and not talking due to small profits and a short timeline. This is why when I see people that starts talking of profit now, I don't listen to them and I don't even check the price of bitcoin. It is only when I am buying that I do see the price. I am happy to have known about the DCA strategy and also applying it.

Indeed, assets management including Bitcoin is a complex and personnel matter, and different people approach it differently based on their financial circumstances, goals and values. While it is essential to have a well defined plan for wealth accumulation to achieve financial stability, but it is equally important to enjoy our life with whatever resources we posses. When it comes to investment in Bitcoin, while big institutions like BlackRock, Micro strategy and many mores, showing great interest in Bitcoin ETFs, which is a big deal for Bitcoin's future. Therefore, it is a good idea for us to accumulate Bitcoins as much as we can without sacrificing our essential expenses. There is a concern that once these institutions obtain regulatory approvals, the current price of Bitcoin may become a distant memory in our life time.

exactly what i'm doing, keep DCA ing because we can't get wrong with the current price for entry because lets be honest.
current price is only fraction of its all time high and I'm pretty sure that reaching all time high again would be possible within the upcoming bullruns that I think even if bitcoin recovers a bit even go to half of its all time high.
its still pretty good profit that we're getting,really can't go wrong with investing right now.
even though there still unclear whether the bullrun really gonna be coming this year or next year, whats essential is to know that DCA ing also requires patience to wait until the price
finally goes up and then we can make some profit off it, otherwise we will fail in our strategy.

Yes, this is not the first time this year that Bitcoin has risen to $30k. This recent rise in Bitcoin should not make anyone mess up his DCA strategy of accumulating Bitcoin by buying the entire amount of Bitcoin he wants to accumulate at once because he thinks the price of Bitcoin will not reduce before his DCA strategy is complete. Keep up with your DCA strategy in accumulating Bitcoin because you can see the sign that Bitcoin is a solid asset and there is still enough time before the bull market kickstarts.

Yes, maybe that's true, as time goes by, Bitcoins will become increasingly rare, the reason could be none other than because the owner died. I remember when Mircea Popescu died in 2021, He had 1 million BTC in his wallet. But if he hadn't given access to his family, maybe BTC would have disappeared from circulation because no one could access it if they didn't know the initial phrase. It is very likely that in the next 50 years many of us will have died and we will have to provide information that we have Bitcoin in our wallet so that it can be accessed by our family or our wives.

We also have to tell our children or our wives about the long-term investment we make in Bitcoin so they can take it when we are no longer around. No one knows what will happen to us in the future. Therefore, I am sure that many BTC will be lost, which will make BTC increasingly scarce in the years to come.

We no that the privacy of our phrases is very important but however deciding not to show it to our wife is not ideal because so far life is concern nothing is certain anything can happen to someone, and what if perhaps something happen to the person how would the family get hold of the account.

So we can keep our private phrase away from our family members but not to our wife but however you can plan it in a way you can only show her the place where you store it but will not allow her to get access to it yet, so with this way your phrases will be well stored and perhaps if something happen your wife will be able to make use of it.

Anyone who is still looking at price this time may probably be a skeptic or unwilling to invest in Bitcoin. I agree with philipma1957 in his analysis below, of what is playing out in the market and what to expect. This should be a pointer that the best thing to do now is to buy more.
I will keep applying my DCA without paying any attention to price because no entry is bad now because the price of Bitcoinis still very low.

I would think that if forum members are buying BTC for the long run, they likely are not going to be creating too many changes in their plan merely based on BTC price moves that are only within about 10% of (or less than) the 200-week moving average - which 200 WMA is just around $28,200.  Sure they may also consider their own costs per BTC, and even consider if they want to make plans regarding how much in profits would their bitcoin need to become in order for them to consider starting to shave off some of their BTC or have they even gotten to that kind of higher stage of shaving off some profits when so many newbie members are likely still in their earlier BTC accumulation stages - which might could well mean that they don't really change anything unless they get to more advanced stages that might involve lessening how much BTC they accumulate when the BTC prices are going up.  There should not be any kind of an universal answer... but surely it can take people 1-2 or even more BTC cycles to really get to a place where they believe that they have enough BTC or even more than enough BTC that they can start to shave off some profits or to otherwise change their BTC accumulation strategies in meaningful ways that transitions into more of a maintenance stage.


That is part of the risk of giving too much information too early or even making sure that the information that is given after death is sufficiently clear that the loved ones would be able to access their coins.. but then maybe having enough trust in the loved ones not attempting to access the information prior to the authorization (which would be upon death or some other circumstances in which the bitcoin HODLer had communicated to be applicable).


Sure the longer that bitcoin is around, the more and more longer term bitcoiners are going to be dying off, and they are already dying off in the 15 years that bitcoin has been in existence.. so the greater the adoption and the longer that bitcoin is around the more and more examples are going to exist in regards to bitcoiners are dying off with their bitcoin and sometimes family members are not going to end up knowing that they had bitcoin that ended up not getting passed on to anyone (except to all bitcoin hodlers in a form of a reverse tax.. which is the increasing of BTC's scarcity).