Topic: Buy the DIP, and HODL! - page 492. (Read 108002 times)

Buy the DIP, and HODL. If this currently ROTTEN financial system exists through as a multi-generational “arrangement” to make the rich richer, and the poor poorer, then something must exist as a multi-generational hedge as a fall back/back up.

Yes, this thread is focusing on buying and accumulating BTC and not upon selling, as your post is changing the theme.

Sure, you can do what you want in terms of your choice to sell your BTC and try to time the market.. and a lot of folks have turned into no coiners or way under stocked in BTC (including having way the hell fewer coins than they would have otherwise had) by screwing around with trying to time the market and getting it wrong.

Don't get me wrong, I am not against shaving off some profits on the way up, as long as you already have a lot of BTC, and you are not either screwing around with too much of your BTC stash, and you understand the risk that you may well NOT be able to buy back cheaper than you sold.. in the event that your goal happens to be to buy back cheaper than you sold.

If you invest in BTC for the long term such as 4-10 years or more, it is quite likely that you do not need to get too preoccupied with the ups and downs of the market.. but of course, if you are either a newbie to bitcoin or you are somewhat timid (or unsure about your BTC investment), you may well end up screwing around with trying to time the BTC market and trying to determine what is high or not high and end up with fewer BTC because of your ending up being wrong... and sometimes being wrong 1/10 times is enough to end up screwing you into having fewer BTC than if you had just focused on BTC accumulation in terms of buying rather than incorporating selling into your BTC accumulation strategies.

Yes all of us does not want to become empty handed. Yes buy low, sell high. Simple but difficult especially to beginners because the time to enter and exit the market is not easy to determine. Anyway, I have checked bitcoin price yesterday and I notice that the price is good and is high. For those who bought last bitcoin last month, and still holding right now, congratulations you already gain profit. I hope bitcoin price continue to go up high until the end of this year.

I believe it would depend on which billionaire who wants to sell before the end of the year, IF there’s such a HODLer-billionaire. Most of them came in during this current bull cycle, and they came to HODL, not BUY and SODL. If many plebs sell because they think the price will drop again, then the billionaires will bid them all out.

You seem to be under appreciating the Upward potentiality of this asset class, Rana590.. sure you might end up being correct, and there is another dip, but you better fucking be ready for UP and not just betting (and hopening) on a downity that may well not happen.

I am not saying that we will never be able to get BTC below $55k again but I am saying that we might never be able to get BTC below $55k again....ever.. and that lillie dippening that you are talking about at or near the end of the year may well happen, but it might come down from $300k to $80k.. so yeah, it is feeling like a BIG ASS dip, but there end up being a lot of opportunity costs for those who fail/refuse to sufficiently and adequately prepare themselves for UP because they are dreaming about lower BTC prices (from here) that never end up happening. 

You do what you want, but several times in the past, we have seen such high expectations for down... that end up in tears for those waiting for "another chance to fill their portfolio..blah blah blah."

Obviously it's a great move for Bitcoin but I think price will drop again before ending this year. There will be a chance again to fill our portfolio. I hope we'll be able to see a new ATH for Bitcoin at the beginning of next year.

People who bought the last dip are just enjoying their time now. Because the market is on a very big rise as Bitcoin price reached $55k today. Everything happened very suddenly. Bitcoin price went up to $55k from $52k in only five minutes according to Coinmarketcap. That is just insane. I hope that we are in a bull run and this increase can continue for a long time period.

Every once in a while I will find my cashflow to be a bit too much on the high side, so I will buy bitcoin with it, but really, I have not had any kind of regular BTC accumulation since about 2017 that goes beyond the systems that I have in place, which is buying on the way down and selling on the way up... so my system has been somewhat blind to any extra preferences that I have since the price has moved a lot (of UP) since early 2017 - even if we might consider the average price per BTC going from $1k-ish to $55k-ish... ... maybe we will get a tripling from here?  perhaps?  perhaps?  Anymore dips? perhaps?


Those of us who have been preparing for UP.. buy regular buying of BTC or buying on dips are not going to be feeling bad about BTC's current direction.. whether your thoughts (voodoo) have been contributing to such current price direction or not.

whether you say it or not? or whether you think it or not?

Short term is surely hard to know, even if many of us can appreciate that the trend is your friend.. and since late July we moved up from $29k-ish to $53k and then got a correction (probably a dip buying correction) down to $39k, and here we are returning to the $55k territories..

Not a bad place to be... had an opportunity to buy on the dip down to $39k, if anyone did it.

Because you will buy more of it?

LOOK! Merely thinking of saying it is making Bitcoin react in the way that I, and everyone else, do not like. It hears me, It reads my mind, I must not say it, or think of saying it.

Say it.

 

Bitcoin back to $50,000. Should I say it? Bitcoin hears me, and might either keep going in the same direction, OR humble me again and prove me stupid? But shower thought, what if I say Bitcoin will "crash down" again to $30,000?

I’m WRONG again! But being wrong in this current instance that I would like to be! But no more “experiments” from me, and no more preaching/annoying everyone to BTDaH. I don’t want to upset Bitcoin, it hears me. Enjoy the view!

You shouldn’t be too “sure” because we can only give probabilities, not absolutes. I have made the same mistakes before when I have said many times that “Bitcoin will never trade below $50,000 again”. Stupid me. Hahaha.

As an experiment, let me say, BITCOIN WILL NEVER EVER TRADE BELOW $40,000 AGAIN. Be ready to buy the dip.

Seeing the price trend since new ATH then I'm sure the price of bitcoin will not drop below $40k, if now the price of bitcoin is $42k then this is a price dip so buying immediately is the most appropriate thing, I'm sure before october the price of bitcoin will reach $45 so we can profit more than 10% in a week.

China FUD. If everyone bought the DIP since 2013 during every announcement of China’s threats towards Bitcoin, everyone would be rich. The Bitcoin OGs know, the billionaires know, and they are buying YOUR Bitcoin during every DIP.

FUD. China can BRRR-print Yuan without worrying about inflation because it has an annual trade surplus with the United States of $300 BILLION. Plus Chinese Policy Rates will obviously be lowered as early as October. There might be a “crash” in some sectors, but a controlled crash. BUY THE DIP AND?

The latest correction in price is as a result of a possible default in loan repayments
by Chinas second largest development company, Evergrande.

The stock exchanges are spooked which spills over into the Crypto markets. This
is a great time to buy but who knows if we have hit the bottom resulting from this news.



Quotes from the NYTimes google page so you dont have to register to view the article.

https://www.google.com/amp/s/www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.amp.html

Plus always zoom out, when in doubt.



There was someone who asked that what’s a good altcoin “investment” for short term during the current crash/dip. The replies were, shitcoins, and maybe NFTs. These are stupid short term investments during a dip because you might have less Bitcoin than you invested after conversion. Best SHORT TERM investment during the dip? ONLY IF NEEDED, United States Dollars. The conversion back will earn you more Bitcoin.

I don't know why but I'm not bothered or worried about the market decline that started on Sunday. I think it might most likely be because the overall market trend at the moment is bullish ~ I mean, El Salvador keeps buying more bitcoin and adding to their portfolio. Microstrategy isn't selling and most big traders I know aren't taking out their positions yet. Goes to show that everyone still believes that we aren't done yet in this cycle. At the moment, I'm just DCA-ing. First at $43K earlier today. I would buy if it goes any lower than this though.

If one has the capability to invest now then grab it, The current situation is an opportunity. Though, don't forget to DYOR before engaging in something. The market is a bit interesting now, one of the best times to play in and explore. A lot of opportunities have opened up, to be honest.

Despite the huge movement, please don't panic and just be patient. Just keep your ground, trust your data and somehow your instinct. HODL as much as you can for now, better day is ahead