Topic: Buy the DIP, and HODL! - page 498. (Read 107500 times)

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Never answer when you didn't actually read everything that was being discussed in the thread just because you read the title. I think you need to read more before you answer and explain your opinion. Bitcoin is bitcoin, so don't generalize everything with other type of altcoin because in reality bitcoin is much safer as a long term investment asset that you may not get from altcoin.

Get that nonsense about shitcoins out of this bitcoin thread.  You can either make your own thread or take it to some shitcoin thread.



This thread is not about "some cryptos," it is about bitcoin.



Fuck that nonsense.. take it to some other thread if you believe that buying on dip and HODLing might apply to that nonsense..

Of course, it applies to bitcoin, but that other shit that you mention likely needs some further analysis including attempting to analyze details regarding each of those pump and dump scam smoke and mirrors centralized baloney pieces.


We are also not talking about shitcoins here, even if you might attempt to make some kind of claim that you are trying to relate your discussion to this thread because your goal is to accumulate more BTC.

There are threads about both trading shitcoins and also trading shitcoins to accumulate more BTC, but this ain't one of those threads.

Buy every DIP only applies to altcoins with good fundamentals, for example Ethereum and Binance,
if you buy Ethereum during DIP in 2018,2019,2020 of course all your purchases will get profit this year,
because 2021 Ethereum reaches a new all time high, which means the price touches a new chapter, and a new chart story,
accumulate again this year, maybe you will be lucky again

Ok.  I saw your thread.  I will look through it, and surely Carlton's first response seems quite valid, if there are already other threads out there, then the contents of such other threads (to the extent known or knowable) should be taken into account before starting a new thread..   

You know that sometimes OPs of new threads will list the various other threads that are out there at the time of the creation of the new thread, to the extent some of those other threads might be related.. and so you would thereby attempt to pre-emptorily rebutt any claims that you are bringing up topics that are either covered elsewhere or that you are NOT sufficiently accounting for the various arguments that are out there and easy to find.

Whether a member is OG or not, they are going to have difficult times arguing some points with vigor if they are not attempting to account for some of the previous discussions.  I surely do not tend to bring up topics that I have not looked into merely because they sound good, but then I don't tend to start new threads either.. I usually just participate in existing threads, so my discussions tend to be in context of issues that are coming up in already existing threads (even though sometimes I might deviate, like we seem to be doing here). 

Anyhow, I understand that there could be some changed circumstances that would justify raising an "old" topic, or maybe an "old" topic has not been sufficiently batted around, and maybe that is the case with BIP300.. The mere fact that it was presented at Bitcoin 2021 does seem to show that at least Sztorc considered the topic to be something of potential interest, and he got the Bitcoin Magazine conference sponsors to agree that his topic was worthy of one of the conference stages.

I do recall sidechains being discussed in bitcoin for quite a long time... some variations ever since I got into bitcoin, and the subject matter has not just been a Blockstream thingie, so for me, personally, I just have not been studying such topic or even considering the topic to have urgencies. Remember part of the reason that that goofball Vitalik ran off and did his own scam chain was because the developers were not very receptive to his ideas in terms of creating potential attack vectors and vulnerabilities on bitcoin, but sure I do not recall hearing anything about Vitalik proposing the matter as a sidechain, and many of us recognize that part of the motivation for any shitcoin, including likely Vitalik and the various other Ethereum twats was to actually want to print their own money rather than attempting to figure out ways to try to attach or peg or whatever their supposed "innovations" to bitcoin.

I am not sure about what you mean by a need to change POW in order to accomplish sidechains or pegging, and BIP 300 does not seem to be suggesting any kind of necessity for change of POW.. but hey, I don't claim to be even close to smart enough in technical senses about limitations of what can be done or should be done (is it worth it?).. but maybe there are some valid discussions out there?  I will at least look at the thread you started, and maybe there is a need to look at some other threads (or link them therein too) prior to keeping the thread going in the event that the topic might be covered somewhere else. 

Who wants to be called a drama queen anyhow?  Not this cat.  Any of us could be called (or labelled as) a drama queen if there seems to be a pattern of bringing up seemingly wishful-thinking topics.

I actually started another topic, showing that I was also “open-minded” and willing to listen to ideas for upgrades in Bitcoin, BUT obviously there were some people who don’t want me to be open-minded unless the upgrade was an upgrade of Bitcoin’s POW, which would be stupid to upgrade in the first place. Haha.

Plus wasn’t Blockstream’s original goal was to develop Bitcoin sidechains? You’re an OG, perhaps you could ask your other Bitcoin friends.

I did a quickie watch of Sztorc's 13-minute Bitcoin 2021 presentation, and in principle I do not have any problem with the idea of some kind of sidechain pegging like that, and so I do not recall hearing any major objections to those kinds of ideas.

Surely, some of the major problems that I have with a variety of shitcoins (maybe most of them) is that there seem to be tendencies to print their own coins which then leads to various scamming incentives and attempts to suggest their project(s) to be superior or equal to bitcoin or even to imply or exaggerate various problems with bitcoin, so if there are ways to peg many or most projects to bitcoin that surely would take away that angle of my personal objections, and otherwise I surely do not have problems with people having more options so if various kinds of shitcoins were pegged to bitcoin like that, then there would likely be more options and even creativity, and at that point we may likely need not refer to them as shitcoins or in those kinds of denigrating ways.  Perhaps?

Sometimes it may take me a while to form an opinion on something technical like a sidechain or a drive chain or a peg because I would likely have to rely on various descriptions from other technical people, and maybe hear some objections, if there are any, and see if I agree with the objections, or if there might be some balancing arguments or maybe even other ways to do the same thing but in better ways or possible ways around the objections (or possible compromises that can be reached)..

So I might not be a very good person to ask in terms of figuring out details of something like this, even though my impression at this point is that it does not sound like a bad idea.. and it seems to have been around for a few yers and even with some working testnet level code, too... and yeah, if we want to pursue this conversation, we might either need to take it to another thread or somehow relate it to this topic.

Those green boxes do not represent opportunities for buying. They actually represent where most of the bids are. But the whalecumulators are smart. They front run the everyone, buy Bitcoin up a little and cause everyone to FOMO.

Plus there’s something off-topic I want to ask an OG like you, JayJuanGee. What’s your opinion on Paul Sztorc’s Drivechain/BIP-300 proposal?

Fair enough Wind_FURY that we might be saying the same thing in terms of difficulties to know if we are going to either be able to have more buy opportunities in the lower $30ks and even in the sub $30ks, and so maybe part of the confusion comes from the chart that you linked that seems to show that there are going to be more sub $30k future opportunities - maybe even several months worth of sub $30k opportunities to buy.

Of course, none of us have any kind of certainty in knowing whether there is going to be more down before UP, and I would certainly prefer to be in a financial and psychological position that I am NOT part of any FOMO situation but instead it might be O.k. to watch from the outside.. It's not as if there is much that we can do, on personal levels, to stop FOMO situations from happening, but hopefully we can set ourselves in such ways that we do not become part of the FOMO participants (in other words, if we get ahead of our trades, we are prepared for either BTC price direction - and ultimately less emotional regarding quantity and quickness of price direction when the BIG moves do happen from time to time).

I’m confused. I was actually saying that those who bid around the $28,000 to $30,000 level might be bidding it too low/miss the opportunity, and those who bid it too low are the same people who FOMO when Bitcoin starts the surge. The market might again be in “pre-FOMO”.

What are you talking about Wind_FURY?

There was already a chance to buy the dip down to $30k, and it seems that such opportunity so far had been around 3 weeks.  You seem to be suggesting that such opportunity is NOT over and from the chart, it may well last for a couple more months.  What are the odds of such a scenario playing out?  I am surely not opposed for preparing for such a scenario, but hopefully peeps are prepared for UP as well, in case such scenario does not play out. 

Hopefully peeps got a decent amount on this last dip, and so then if another dip happens they can pick up some more, and if it does not happen, they are also ok both psychologically and financially based on how much they had already picked up.

We will see won't we?  Betting on down in a bull market has fucked a lot of folks in the past, and sure there is a possibility that we are not still in a bull market, but I doubt that the odds are high right now of NOT being in a bull market.  Don't get me wrong also, dipping again does not suggest that we are still not in a bull market, but betting on down in a bull market still remains a problematic approach to meaningfully and adequately preparing for UP.. which tends to be a problem with lots of folks not limited to fence sitters, bitcoin naysayers, no coiners and shitcoin pumpeners.

The market has signaled at the lowest price point after ATH, the first low was $28k and I am very sad to ignore the signal as doubts arise as if the price is going to drop further, hence the recent low of almost $30k makes me more optimistic that it's time to buy it and hold it for the long term.

I believe everyone is starting to realize that they should be buying the dip, with everyone’s bids too low, maybe placed at $28,000 to $30,000. It might be the same situation as September of last year, and that the market might be in “pre-FOMO”.



Credit to the person on Twitter, I forget his handle.

Yeah, it could be one of the best things to do in this market I think. We should see the dip as a big opportunity to accumulate even more. It is very important for especially HODLers. We may not have this chance again in the near future.

We're seeing a boring market right now, with BTC closing 4-hour candle below $35,000. The volume is also low, so there is not much buying/selling going on.
All we can do is watch the market and wait for a breakout. We may see new dips soon.


Well said.

Who gives any shits about Ethereum..?

This thread is about bitcoin.

Buying every dip is good but it depends what you should buy for hodling, there are many choices to buy in every dip but i think bitcoin is the best buy when its price is going dip and best to hodl for a long term to make big profits when its value goes high. And even etherium is the best buy and hodl for long term to gain more profits.

Credit to the person with the Twitter handle @888VELVET.



The current cycle is the time of countries/government institutions, business institutions, and the billionaires. Selling today would be selling to those institutions with hands stronger than you. We shouldn’t make it easy for them, let them bid it up to 6 digits!

I really like to comprehend alternate points of view. Many thought it wouldn’t fall below 50k, however It’s close to reach 30k resistance right now. The greatest of all time now in heavy sell pressure. I keep thinking about whether it's right time to buy however there is always room for bulls. Just thought more people are purchasing and the gains are getting bigger. Only those paper hands sold at a loss. That is your shortcoming.