Topic: Buy the DIP, and HODL! - page 499. (Read 105287 times)

It’s in the newspaper, it must be “real”.

But, he’s right. Bitcoin IS a Ponzi, but a natural-occuring Ponzi, LIKE GOLD, it relies on the market for price discovery. It’s not the same as a deliberate Ponzi scheme, like Bernie Madoff’s SCAMS.

Another dip? Don’t make it easy for another billionaire to get that thing that they want most from you. Your Bitcoin.

HODL.

Yep...

BTC has been seeming to float at the top of the range for a considerable amount of time, so buying the dip may have been noticed and acted upon in January with a $42k to $30k-ish dip.. but in the whole scheme of things, we have not been experiencing very many BIG and noticeable dips since about early September 2020.. and sure there were a few, but not many.. and with recent times in late January and early February, we continue to be largely floating at the top of the range and pushing UPpity here and there along the way.. which also makes it difficult for those who are waiting to buy on a dip to actually end up assuring that they might not lose out by waiting too much and NOT merely buying a bit of BTC every week (or whatever their cashflow situation) along the way.

Dip at the 2 day average was bought today and right now its regained above the 12hr average which is how the fastest gains occur over various periods.



still very bullish, hard to critique a price where the pullback is only to the 2 day average and it took a while to go that far.

Did anyone see this?

https://modernconsensus.com/adblock/crypto-critic-nouriel-roubini-microstrategy-ceo-michael-saylor-a-coke-addict/


How many years should Bitcoin as a network/protocol run, before nocoiners accept it as it truly is becoming a part of society as a household name, and the economy as a hedge against Central Banks/Fed?

HOW MANY MORE YEARS?

The recommendations in this thread do not apply to shitcoins.

We are talking about bitcoin in this thread. 

In other words, fuck all the shitcoins (and that is every coin except bitcoin including ethereum and various other shitcoins that you might hold in high esteem and believe that they have some kind of value that does not hinge upon bitcoin's performance and security features).  You can contemplate your gambling investment strategies in regards to those coins in other threads.


Fuck ethereum.  These recommendations do not apply to such shitcoin.  Am I repeating myself?   

 



You seem to be juxtaposing a vague concept that you refer to as "cryptocurrencies"...

Focus ur lil selfie...

Focus....


Nothing wrong with both buying and selling, but with bitcoin you need to keep in mind a few concepts when you are selling any of them.  First concept is whether you have reached your accumulation goals, so in that regard, selling bitcoin should serve as a kind of maintenance and insurance strategy, rather than a strategy to accumulate more bitcoin (even though tangentially it can work to accumulate some more bitcoin but it still does not tend to be very good in the category of striving to reach accumulation goals). 

Second, which does largely relate to the first, so maybe I am ONLY making one point, here, the amount of bitcoin that you sell should be decently small, and your BTC holdings should already be in profits when you sell.  So you sell on the way up, not on the way down, and you sell only a small part that you know for sure is in profits.  In my case, I had gone through my own situation and analyzed it quite a bit, but I had decided to sell ONLY in the ballpark of 1% of the value of my holdings for every 10% BTC goes up in value and that is after my BTC had been in considerable profits (something line more than 100% profits), and through the years, I have tweaked that sell percentage and I believe that I am currently selling much less than 1% for every 10% rise in BTC price, and I also use the proceeds to buy back BTC (like you mentioned) so if the BTC price goes shooting up or even if it has periods of correction, my quantity of BTC sold overall does end up being quite less than 1% for every 10% rise, and it is probably less than .5% these days..

I have not calculated out the exact formula recently.. but it is almost as if such formula does not really apply to my current situation since I am in something like 50x or greater profits (maybe even more), so such formula was more of a beginning framework for me when my BTC portfolio was in less profits and my BTC portfolio also involved what I considered to be "over-investing" in the sense that the amount that I had invested had exceeded my target accumulation which was meant to be 10% of my overall investment holdings, so considered to be "over-investing" from my perspective..   In any event, BTC's valuations have gone up so much that my "over-investing" of more than 10% had resulted in BTC price appreciation that caused BTC to be proportioned greater than 90% of the value of all my other investments, which also would suggest considerable amounts of liberty in ability to sell decently sized amounts of BTC without preoccupation about not having enough - which provides lots of liberties - even though after a considerable amount of thoughts regarding the matter (largely in early 2017), I do not subscribe to some of the traditional bullshit theories about forcing yourself to reallocate your investment portfolio on a regular basis to keep your holdings of whatever investment assets proportion to your initial allocation percentages, and so my practice has been more about letting my winner ride (which is bitcoin in this case), which is also an acknowledgement that the other portions of my investments that had previously constituted a bit less than 90% of my overall holdings remain in a state of being that they could continue to support me and my lifestyle even though now those holdings are ONLY worth less than 10% of my overall investments when we include the value of my BTC holdings into the mix.

So, I guess my overall point remains that there could be a variety of ways to consider how to invest into BTC based on which phase you are personally in regarding how much BTC you want to accumulate and then if you had reached your accumulation target how you plan to maintain your BTC in respect to your other investments and surely also there could be liquidation considerations that evolve too and maybe there might not be emphasis in liquidation stages unless there are reasons to consider that your timeline (life of otherwise) might be shrinking to 5 years or less.

Sure, we might have some wee bit differing ways of framing these matters, and nothing wrong with that.  I can see that you may well change your emphasis a bit with people in regards to anticipating which way the price might go and if you have some sentiments regarding if the BTC price is currently at a bottom or a top, yet in my thinking that would not negate the formula to divide such BTC accumulation conceptualizations into three parts, even though it may well (and probably should) affect the deployment of those portions or might even cause some reallocations in the proportions regarding the three parts which to remind everyone (all readers) are: 1) buying right away, 2) DCA buying and 3) buying on dips.


Sure.. people seem really reluctant, and there is ONLY so much that you can do in terms of evangelizing or however else you would like to frame your interaction approach.  And, sure I can understand how you may well come off with stronger recommendations during periods in which you believe there is a BTC dip versus when there has been a decent amount of BTC price appreciation.. and I know that I do a bit of the same in terms of a bit more or a bit less emphasis.. but I believe in the end, I am not really changing a whole hell of a lot because I do largely continue to tell people to get in and to devise a plan no matter the BTC price.. and sure they are responsible for how to tailor their plan, but if they are making long term plans that are a minimum of 4 years and likely a bit longer such as 10 to 20 years, then they should be able to account for likely interim volatility, including major BTC price corrections that may well take place along the way. 

I do have some problems when I am talking to more elderly folks who might not even feel comfortable with a four year minimum investment timeline.. but I do not stop from recommending BTC to them, but instead assert that the ideal is having at least a 4 year investment timeline and hopefully longer, and if they know that they are going to want to or be needing to withdraw value from BTC in a shorter period of time, then I surely am a lot more inclined to suggesting smaller investment amounts to them rather than what they might otherwise attempt to accomplish if their investment timeline was 4 years or longer.

Another thing is that I am not failing/refusing to account for possibilities that BTC might go to zero or some mediocre value in the interim, but those conceptualizations would largely go towards supporting any investment thesis that suggests not investing more than you can afford to lose which would include having a mental and financial framework in which such investor(s) is (are) willing to ride the investment down to zero in the event that such an occurrence would unfold in the coming years (which does seem a lot smaller in recent times as compared to when I started buying bitcoin in late 2013).   


Don't get me wrong, I am not against chiding people from time to time who have been informed about bitcoin and failed/refused to act... but I am somewhat against suggesting that people who might unwittingly start buying BTC at the top of a cycle might not be able to retain and maintain and even adjust investment plans in such a framework that I suggest and to be BIG boys and girls in terms of having and employing a decent buy, accumulate and HODL strategy during such ongoing BTC price dippening cycles that may well extend way beyond expectations... but such accumulations of BTC during such times have historically proven to play out quite profitable in the longer term for almost every single bitcoiner who has not fucked around with trading but has employed relatively prudent strategies that emphasize BTC accumulation, stacking and HODLing.... so yeah, past performance is no kind of guarantee of future results, but whatever, bitcoin still remains a strong ass investment class with strong fundamentals which continues to deserve serious consideration including investing into it in something in the range that starts in the 1% to 10% arena and perhaps outside of that range for folks who study bitcoin dynamics and their own situation in a way to determine that it would be prudent for them to invest outside of that range.

You can just hodl Bitcoin and other stable coins like Ethereum, finding a good new coin to hodl is very difficult and a lot of analysis is needed to make sure that you are not on the losing side, too bad that you lost a lot of your coins because of them being unpopular to the market. I wish that you would win back everything you lost back then.

How can you be so sure? does anyone expect everything that happens in this market? and why use 2019 when the most deepest drop is happen in 2020 when the Pandemic strikes the world?

Buy Everything ? How come you be so sure that everything will Come out high? never release this advise because this only prove 1 thing that you don't know what you are saying.

- Buy only what you think and research is better.

- Buy only When you have the funds that you can afford to lose.


These are the method you must understand and learn.

Yes I totally agree, however, before coming to the holding part, one should do research and find coins that are worth holding, as a lot of coins that I held on the last bullrun are now obsolete.   

That is still reckless tactic in my opinion and buying every dip and hodling is still a better tactic, many didn't expect the prices to crash at 2018 but it did happen, buy the price at every down turn to make sure that you aren't losing a lot of money when a big dip ever happens. The problem is that we don't know what is in store for the future so all we can do is right now is to risk a little but be full of caution on what you are doing. You can hodl but you don't need to buy at every price point, if you want to profit big, you need to wait for a big increase in the prices which could take years or in best case months.

I’m not patronizing, or making fun, or anything like that. I am simply scared to tell close friends, and family to buy during the current market cycle. I WAS forcing them, almost, to buy when Bitcoin was $5,000, $10,000, $15,000. But what did they do?

If I am patronizing, I believe they deserve some of it. They missed a golden opportunity, which they have known because someone, me, was nagging them.

If compare the price since this thread is created, i think we never ever going back to the 2019 price, so I think no more deep price like 2019. The most appropriate course of action for now is to buy everything and don't be scare about peak price, you will see another peak if you HOLD it

Something went wrong with my written response, so I am writing it again.  Shit.

Surely we have to consider that many of us are getting our cashflows in fiat, so that fiat is going to be stacking up if we do not develop a comprehensive plan, and surely some folks might well be satisfied with merely allowing the fiat to build up and to wait for dips that may or may not happen.  So I am not even suggesting that buying on dips is not a good strategy, but it is not a good one for everyone and it might not be sufficiently specifically tailored.. and in that regard, the three pronged (perhaps more than three) approach is my recommendation.  Schedule some for 1) buying right way, 2) dca, 3) buying on dips and 4) perhaps figuring out how to employ money that has been generated by selling on the way up to the extent that such money exists and your strategy involves that kind of money, too.

So not only are peeps going to be in a different place in regards to whether they have reached their BTC accumulation goals they are also going to be in different places to the extent that they are still generating fiat that they might want to allocate to BTC accumulation.. and to divide that new cash into various categories in terms of strategizing their BTC accumulation methodologies.

My conceptualization of the strategy can work for anyone and is even including a bit of emphasis on those who consider themselves to be BTC accumulators.  I am not even suggesting the strategy would be as good for someone who might be in a BTC stash maintenance stage or a liquidation stage - even though there can still be some useful tips for any stage that a BTC accumulator/holder might be in, but I am moreso considering the accumulators and the persons who might be new to BTC in terms of needing to make sure that they are also comfortable with whatever stake that they might have made in BTC based on their circumstances.


No need to be patronizing..

Any of the fucks can develop a strategy, whether they are quasi-retarded or not.  Sure, the more retarded, the more difficult to focus on strategies that do not devolve into gambling, but of course, any people have capacities to develop strategies or to improve on their own strategies based on current circumstances.


Yes... of course, there are people who do not think through their plans enough, the value their wealth in dollars and sure there are lots of problems, but the mere fact that there are a lot of people with various weaknesses does not mean that they should not be attempting to solidify their BTC strategies in such ways to cause themselves to be in much more likely better places and to restrain themselves from various extremes...

I am a bit of a who cares if some people do dumb things.. I don't have problems making fun of them... if such making fun is warranted.


Sure personal responsibility is important psychologically and financially.. but I still believe that my framework helps to hone those various skills rather than waiting for fucking dips that might not happen.

most people in the world are living on a salary, which means every week or month they receive some money so the only logical strategy of investing in bitcoin should be to deduct the expenses from that money then decide how much of the leftover they want to invest in bitcoin.
in other words most people don't have a predefined target for how much BTC they want to buy, they have to buy it every week. which is where these short term dips come in.

That migh work for crazy HODLers like us, but for the other side of me, that’s a pleb, and combine the plebness with being a Bitcoin newbie, I believe they don’t have the right psychological “hardness” to buy the dip during a 20% price crash. I believe many would them would sell. Paper hands, then blame the market for the loss. Newbies should be buying in the right kind of conditions.

Dips ain't gonna happen anytime soon. 50k is the next psychological barrier after that I expect some shaky days with some good dips. JJG you are right though, for those who have kept buying through the most difficult times it is only time to sit back and enjoy.
I still buy some tiny amount every month to unload useless euros.

seems to me to be all a matter of proportion.. and surely if you have not reached your accumulation goal then buying $100 per week might be good.  Saving $100 per week to buy on dips might be good as a supplement.. each person should figure out their proportions, but if they are just getting into bitcoin, they have to start somewhere, which likely means buying some now... buying regularly and buying on dips... and maybe some other individually tailored variations.....

Those of us who already have a established a decent BTC stash can sit back and say, just wait for the dip, and yeah, works well for us, but such dip might not come... not saying either way, but there have been a lot of peeps left out of bitcoin because they failed/refused to establish some kind of a regular buying strategy.. and were to damned busy waiting for dips that ended up NOT happening.

For plebs like me, I believe buying no matter what the price currently is very hard from a psychological standpoint. It might not be as hard during $3,000 to $20,000, with $20,000 starting to be a little hard, but buying during new ATH? That’s an outcome for buying high, and selling low during panic-crashes, especially or newbies. I would currently not tell friends and family to buy now. BUT, I might tell some who can take a loss to use Elon Musk as their guide, and leave. Hahaha.

You seem to be a bit mixed up in your head, rhodelmabanal, about the various principles.

Sure, no one is going to know the BTC price exactly, but you still should be attempting to devise  personal BTC buying, accumulation and HODLing strategy that attempt to do your best in accumulating BTC.. and sure, not investing more than you can afford to lose in the event that the BTC price ends up going down in the long term rather than UPpity.

I personally doubt that people should devising plans to become richie  in one or two bitcoin cycles because then they are likely engaging in way more gambling than necessary or that they really can afford.  But sure, two or three cycles which would be 8-12 years could well put a lot of people in a decent position in terms of the value of their bitcoin holdings and also so long as they continue to invest and to be putting some kind of meaningful stake into bitcoin, whether that be 1% to 10% of their savings or maybe even a more aggressive approach.  Individuals need to tailor their investment strategies and approaches to their own circumstances.


Part of the reason that I suggest a three pronged approach, rather than something more limited is to allow for a certain amount of inabilities to predict what is a dip.. so in that regard, one of the prongs that I suggest contains continued buying no matter what the price.  Of course, individuals have to decide how to budget and to allocate the proportions of their various prongs of their strategy and in my case, there remain three conceptual areas of framing such concepts.  One is DCA, another is buying on dips and a third is buying right away with what you have.  These categories tend to be divided into three, so if you were to all of a sudden get an extra $1,200 that you would be able to invest, then you would buy right away with 1/3 ($400), plug 1/3 ($400) into DCA and plug 1/3 ($400) into buying on dips...

Sure there are some devils in the details, but that remains the overall framework that I recommend as a way to divide the differing budgeted strategy amounts..... and of course, the longer that anyone employs whatever strategy that s/he is employing, then s/he should be learning along the way and tailoring the strategies to his/her own situation and accumulation goals, cashflow and other personal circumstances such as other investments, views of bitcoin as compared with other investments, risk tolerance, timeline, and time, ability and skills to learn, plan, tweak and reallocate from time to time (which might include trading too).