Topic: Buy the DIP, and HODL! - page 499. (Read 122984 times)

I always manage what cash flow I have and I will not plan in the short term as an experiment because for me the longer term will be better even though you have adjusted to the goals at the beginning, I always want a week for each accumulation but when there is a sudden need such as one that cannot be avoided so I put it on hold a few weeks then move on again once the cash flow situation is back to normal and most importantly HODL is the main goal in a few years or even longer.

Even though the market is down, there's no need to be too greedy, we've made notes every week for the accumulation of DCA and it's better not to miss it putting dollars into bitcoin is a little bigger and that's what I've wanted to achieve so far.

So every year, I want there to always be an increase in the accumulation.

Something is wrong with your strategy since you are just "hoping" that you can hold longer and longer and longer, and so you seem to be doing something wrong.. .like you are gambling.. and you are so nervous to lock in your profits in dollars because you are worried about a correction..

I get the sense that you might be overly investing.. and that is what is causing you to feel so nervous but I doubt that I know enough information.

A solution could be to merely shave off a small amount of your BTC stash at various increments on the way up.. that way you are hedging a bit better for down, yet one of the problems with shaving is then you might become nervous that you sold too much too soon if the BTC price keeps going up.

I think that the punchline should be that you should be able to set forth a plan.. and maybe you just have not invest less and just never sell.. until maybe you reach some kind of goal in which your B TC stash is worth 3-5x your income, then you might rethink your strategy at that time.. so concentrate on merely building and buying and just buying regularly and buying on dips, and then once the value of your BTC gets to a certain price threshold where it constitutes something like 3-5x your annual income (or 3-5x the amount that you need to live for a year), then at that point maybe reconsider if there might be something that you might want to change in your strategy.

Now if BTC is already 3-5X or more of your annual cash needs then maybe you need to set your BTC accumulation goal higher until you achieve that and recall that entry-level fuck you status is around 20-30x your annual cash needs, but there are varying ways to assess what 20-30x is, and you don't necessarily want to valuate BTC on the top price, and likely better to attempt to valuate BTC based on bottom prices, such as 200 week moving average or some other price (or way of valuating it) that you would consider to be a reasonably conservative bottom because no one should be considering themselves to be in entry level fuck you status and failing/refusing to account for the real world.. which includes that bitcoin has always been volatile and one of the most major guarantees of bitcoin price dynamics is that it will continue to be volatile, and not even really knowing for sure in which direction -= even though pretty damned decent odds of trending up, even though no guarantees of that, either.

Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time.

For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end.  .

I agree with you and yes in the current condition of the market a Hodler doesn't have to fear at all because our main goal is to Hodl for a long time so that we can live a happy life after retirement. I don't think that 6 digit is enough to accomplish that dream of complete financial freedom. I personally know a person who bought Bitcoin when its price was over $60k, and the guy is still Hodling it in the hope of huge gains after the halving, but the true hodlers doesn't even care about the halving because they just buy it in the dips and Hodl for decades to come.

I think someone who really wants to gain good returns from Bitcoin investment should Hodl it for more than a decade in current price range. And, even I personally know people who believe to Hodl their investment until they are over the age of 50. They are currently young and they are in age range of 28-31 years right now. So, it's more than two decades for them to reach that age, and I believe that they will be among the luckiest investors at that age. I'm sure that Bitcoin can grow very high in value after a decade or two and the ones who invest in it now could be very profitable after those decades.

It's no less than a inspiration that Satoshi himself is Hodling more than $1 million Bitcoin and I'm sure that the inventor of Bitcoin is already above 50 in age. But, I personally believe that one should only buy Bitcoin when the price is dipped, because that way an investor could accumulate more Bitcoin over time and the final exchange rate could make his/her life financially stable for rest of the life.

It's a investment that only intelligent people can understand and they are the ones who will be free from financial problem in old age. In young age it isn't hard to earn huge sums of money but as we age we might not have that much stamina and energy to work and earn, and that's why investing in young age is the best form of security for a peaceful, happy, and financially stable life in old age. 

To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.

It is you that is wrong @fzkto...and you are underestimating bitcoin potential just because the price is not pumping as you expected. The best way to invest in bitcoin is to buy at dip and hold for a very long time. Which this is the best time for that action,but I don't think that you understand it this way,if not you wouldn't be talking about shitcoins. Shitcoins are centralized and can easily by manipulated in price to 100x profit and after so many people have bought it,thinking the price will keep on pumping. Before you know it the next day that value can rundown to zero,which makes it highly risky to invest in them. Shitcoins will end up putting Frustration,disappointment and great loss to their investors. Shitcoin cannot be held for long which makes it useless and unsafe to invest in it. Investing in shitcoin is gambling,which the probability of making profit is slim and you will also be worried just like when you are trading. I can buy my bitcoin and keep it till the next 15yrs,it will add value and might be 10x or more the amount that I bought it,but can I but shitcoin and hold it for ten years no. I can't even hold it for 3 months or more before it will depreciate to zero level. Invest wisely mate and think more of the nearest future than thinking of only today. Shitcoin prize will never get to your target prize that you intend to sell. Only bitcoin is the future hope amongst other assets,physical or digital

Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example.

You see, @Odusko, there are certain level you will get into and will definitely needs more explanation on something and in this aspect, when considering the discussion of bitcoin holding on a broad length, we cannot overemphasize or neglect the little diversion into other cryptocurrencies as well, the main purpose of doing that is just to juxtaposed the fact that there's a difference that needs to be taught and you cannot make such expression without settings out practical examples, this is not when the whole idea or discussion has been shifted into something else, both when you diversify, you make use of more unique ways to buttress your point and come back to discussion.

If you are to also consider the bitcoin holders in respect to the current market price, the ongoing news, other cryptocurrencies and many more factors which could also cause a determinant to wether you continue holding or you release the asset and sell, a good example is to have a clear understanding that you're not expected to assume altcoins a good and profitable asset to invest or hodl, but bitcoin is the best instead because it will sure gives you rest, safe the stress, fear and gives you the profits required at the end of it all.

We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder.,
But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses.

Thank you sir your words are very helpful to me and they are very informative.
I have gotten few answers that was bothering me and I believe I won't disturb or stressing myself to get answers. Sometimes I am very happy having people like you around the forum who are willing to assist and educate any that comes across their way irrespective of their gender and region or religion 

We are not really talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.

For sure there are ways to accomplish individual objectives, and some folks might have trouble really figuring out the various possible investments even if they might end up accomplishing the first most important step which is to figure out how much of a budget that they actually have for investments.. whether they have any discretionary income (extra income after accounting for their expenses), and then if they do have discretionary income to figure out the extent to which they might make changes in their life (or even have some upcoming changes in their cashflow/employment status) that would contribute towards their considering their cashflow into the future - once they might have had assessed their past investments (if any).

So choosing assets to invest into is still only one part of the formula, and the likelihoods of getting stressed out over some of the current events (or dynamics in the macro dynamics) might partially indicate that the person is not having a lot of success in terms of figuring out his/her own finances and the creation of some kind of a road path in regards to personal finances will likely help with psychology and also likely help with choosing which assets to invest into, what proportions and maybe even various ways to make progress towards reaching staking level goals - depending on which assets are choosing and target levels that are chosen, too.


I am planning on making a response over in that thread soon.. maybe even today or tomorrow.. and I read through the first 3 pages.. so I am getting close to being able to respond.. .. and at the same time, there might be some things that you are asking me related to merit sources that I have no intention to really getting into any of the nitty gritty - and you likely can review various sources about merit sources, and even some of the threads in which theymos had introduced the addition of such merit source practice in January 2018. 

There are a lot of threads out there related to merits and merit sources... and this one is good to give you some numbers, comparisons of various members and even members sometimes making comments (or complaints) along the way.. of course, there is no need to read every single response inside those kinds of threads.. but sometimes you can still see that various discussions had taken place, and maybe even members complaining more in the earlier years.. but then maybe not complaining as much in recent times.. and maybe complaining about anyone who complains in recent times..  .... which I am not even suggesting that some of the current complaints might not be valid.. and I have even participated in some of those conversations without even wanting to necessarily repeat something that I might have posted about 1 or 2 years ago.. or maybe even my ideas have changed, or maybe I am not even wanting to discuss some things.. and then just telling the member to go back in history and to figure out some of those matters.. to the extent that the issues matter or if there might be a specific question that is tied into something that happened or why, then surely it could be a better frame for a question, rather than just generally asking about some kinds of things that might be answered by browsing through some of the threads related to the topic.


Yes.. there are some members who use those kinds of bots to notify them if their name had been mentioned in some forum post, or maybe if they are a bot, then they use themselves to notify themselves.  I deny receiving any such notice prior to yesterday, and if I had received notice prior to yesterday, I did not recognize it, appreciate it or understand it.. sufficiently enough to actually realize that I "should" "look into it"..     


People show off their wealth all of the time, and maybe sometimes it could come back to bite them in the ass.. yet I doubt that the mere fact that someone shows off his/her wealth is a bad thing, so there is a kind of nuance in the ways in which someone might show off their wealth and also ways in which they might show off more information than they need to show... so for example, some early bitcoiners might not have had realized that showing off their actual wallet address.. and that they might have 100 BTC in that address or even 1000 BTC in that address, and then if that address had publicly (or at least amongst a certain group of friends/associates) been connected to the identity of a certain person, then there surely could be some traceability regarding if those coins are still there, or if some of them had moved or maybe even to show some financial relations or ongoing holding of the coins that could contribute to some vulnerabilities in the future that had not been recognized or appreciated in the past.. because maybe in the past, those coins were ONLY worth a small amount of money, but then in the present the amount has become very large (and very life changing for a number of people who might not be good people.. and who might try to attack such coins either physically finding real world vulnerabilities or perhaps finding other vulnerabilities in terms of how the coins are held.. and maybe the more scary part could be having our physical security put into jeopardy - and maybe even the person who is attacking does not have good information and if some earlier adopter gets attacked they might not even be able to prove the attacker to be misinformed in regards to his/her beliefs regarding the number of coins that the OG bitcoiner currently has control over or abilities to access.

I guess you are very right on this because a man secrets is what keeps him afloat from others. I would not be having some certain amount of BTC and then disclosing it to my friends because I want to show a sign of wealth that would be stupidity and a sign of immaturity as well.

Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated.

But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term. 


I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots.

Being a genuine holder, you're not expected to show fear on what is going on especially with the circulating news for fear of missing out, if a bitcoiner truly understand the difference he stand betw him abd someone who had invested on other cryptocurrencies, fear of missing out through the influence of the news shouldn't be a foncer because it will definitely affect your hodl, some may through these sell out even when it's not yet time.

Some got carried away because they think the market is going bear and so could there asset go down completely to zero so they have to rush in haste and sell, being a bitcoin holder, you will have to learn and know how to react to aggressive news around the crypto network as well as being calm to hold on to your decision because those are nothing but sight attractions causing nothing but distractions on holders.

The attack we are talking on may come through the government, other competing cryptocurrencies, influencers, scammers and many other sources for their own interest just in other to ensure they cause a stir to the bitcoin network which apparently has nothing to do with the market price, because the demand and supply is what majorly justifies this, you can imagine how grateful those holding this year would become by next year when we have already experienced bullrun after which Halving has taken place.

In the middle of the confusion and the outrage caused by the SEC, a successful Bitcoin HODLer is also the person who judges the quality of his/her investment by the kind of enemies it makes, and Bitcoin has made some significant enemies out of those high-ranking bureaucrats who are working for the government.

I believe that success shouldn't only be measured through how much value Bitcoin has made for you. It should be measured by how much you want to support its ethos. As a mere HODLer, support = HODL.

I am not really opposed to anything that you are saying Dunamisx, and there could be some circumstances in which some folks might get lucky and lump sum buy BTC towards the bottom of a dip, and thereafter never really end up suffering from ever having their BTC stash to go into the negative, yet at the same time, I would think that the more common case would be to be continuing to buy into BTC, even if a relatively large lump sum investment might have strategically taken place in order to cause the investor to be in profits right from the start and to just continue to largely be in profits - even though also historically any one who suffers through dips that are 50% to 90% and sometimes lasting for years at a time can sometimes be shaken from his/her BTC accumulation (or even HODL) strategy, even if there had not been any intentions to do anything except to buy BTC for the long term.. and even the selling might have been considered to either be way into the future (such as 4-10 years or longer) or the selling might have been a thing that was not really considered to be any kind of core way of dealing with BTC maintenance in the years to come based on projections that there may well be better assets to sell and trade in (Gresham's law considerations - projected into the future).

I guess that I am just saying that it is not easy to generalize what might happen to people in terms of suggesting that they have to have some period of suffering in the years that they are earlier towards investing into bitcoin, even though I agree with you that suffering does seem to be a frequent occurrence, even with rich people who invest into bitcoin... even though also many times rich people have some easier ways in which they can hedge the various positions that they take (whether in bitcoin or otherwise), and poor people might not have hardly any other investments (besides bitcoin and cash), and they might have some difficulties to hedge their position while they are still in the earliest years of their building their BTC portfolio (and even sometimes hedging too much too early, could end up being a costly behavior for poor people to employ, relative to more well-off people).


It does seem that you are attempting to be realistic in terms of trying to figure out the various ways that individuals can experience dilemmas during their earliest stages of BTC accumulation and those earlier stages of BTC accumulation might even last for 10 years or longer, yet I am not even sure if I understand what you are saying that your strategies are since you say that you regularly DCA'ing but then at the same time, you acknowledge that there are lump sum investing methods too.. but then in regards to the subject matter of this thread, you are not really describing how you deal with the issue of buying on dips (beyond largely just continuing to DCA and not stopping).

Many of us have acknowledged that with DCA, you really do not need to stop, and you could merely just adjust your DCA size from time to time based on your own cashflow considerations, including that any additional lump sum amount of money that you might come across in your income or your yearly cashflow could also just be folded into a kind of DCA practice.  

Your forum registration has ONLY been a little bit less than a year, so it is difficult to project a long record.. I don't want to respond to you in a way that is not appropriate to your circumstances, but let's imagine that you had been into bitcoin for two years, and so in mid-2021, you started buying bitcoin, but you were new to bitcoin, so you did not want to become too aggressive, and so you started out at $10 per week, and then after a year or so, you decided to increase your weekly amount into bitcoin to $100 per week... so maybe once or twice a year you might get extra cashflow (let's say $1k bonuses or whatever twice per year..but you are not always sure if you will end up receiving them.. so you cannot spend them in advance) and then once you get each of the bonuses, you can decide whether to  buy BTC right away and just lump sum into it, or you can decide to put that amount into your DCA, and maybe spread it out for 10 weeks or for 26 weeks or whatever period of time that you would like to do.  

Another possibility would be to divide your bonus into three parts.  One part (such a third) is used to buy BTC right away, the second third is plugged into your DCA over whatever period you would like to apply it and the third part is set aside for buying on dips, if such BTC price dips happen....

It seems to me that the longer that any of us put these methods into account the better we likely will become in terms of deciding how to allocate our BTC buying/accumulating decisions, and we will also see how we might need to modify our approach as we start to see that our overall investment portfolio is getting larger and larger - whether our investment portfolio is in profits or not, we can see that through time, our investment portfolio (whether completely in BTC or having other assets) is growing and for sure we feel better if it is in profits, but the extent to which it is in profits might not be a BIG factor in terms of causing us to change our strategy beyond mostly attempting to make sure that we are managing our cashflow well and the extent to which we have sufficiently ensured that we are maintaining an emergency fund, and sure .. depending on the totality of the various other individual factors that we are considering, too.

You are correct SmartGold01 that you have the discretion to do whatever you want, including overly investing into something (such as bitcoin) and not having your shit sufficiently together and being forced to sell 3 months later or 1 year later or some other timeline in which you end up selling your bitcoin at a time that is other than your own choosing because you over invested and you gambled and you were using money that should have had been in some kind of emergency fund.. and bitcoin is not a good emergency fund.. even though the more that you are in profits, the more options that you would have to keep some value in bitcoin as an emergency fund.

Part of the rationale of not investing more than you can afford to lose would be that you do not have to sell any of your bitcoin at any time other than completely your own choosing and hopefully there can be a variety of options that could be arranged in which there are funds available that can be drawn upon and there are choices in regards to which funds might be drawn upon during periods in which it might seem that everything is dropping (except for dollars) and maybe some larger quantities of your value should have been in dollars rather than getting greedy in regards to holding too many bitcoin and having to sell at a time that is other than your completely own choosing.

PS... By the way SmartGold01.. when I glanced at your profile (after I had already drafted this above response), I had just noticed that you had created a thread from February with my name in it.. hahahahahahaha.. ..

Strange as it may seem, I had not realized that such thread existed.. and no one mentioned that thread to me..  Within the next day or two I will try to take a look at it..  

One of the tweets I found on Twitter where the whales bought BTC when the price of BTC was $195 in 2013 recently the wallet was active and what I can conclude is that maybe this is where we learn that investing in the long term requires patience and a strong mentality. The other side is that we are not affected by fud and are not affected by increases and decreases that occur in the near future.

In other words I think the benefits of holding in the long term is a great achievement that has no limits where from what I said earlier he bought btc for a sum of $279k and the current estimate is $54 million so he is one of the many long term holders long who have tasted success and none other than their persistence and belief in Bitcoin.

You can track it if you are interested ( https://twitter.com/lookonchain/status/1666679589421338626?t=eT5SSN1Lvmr5Fz0-9fICnQ&s=19  ( https://bitinfocharts.com/bitcoin/address/1E6nViR5Xv1wyNXg87SamvtLJ5TyXuksLC )

A successful bitcoin hodler is that person who can be flexible with the market price of bitcoin and come up with a different strategy which he will use to accumulate more bitcoin to his investment portfolio in the process of holding for a very long term,because he is prepared psychologically and financially, and has the understanding that some unforseen circumstances can be a barrier towards him accumulating even when he has reached the target quantity of bitcoin. He uses the three methods to accumulate more bitcoin to his investment portfolio,which is either buying at dip,DCA method or buys at lump because he understands what the size of his bitcoin portfolio will be like in the nearest future to come and stay strong on his focus,disregard of what he will pass through to achieve his goal.


This is because you lack the foresight to see the great benefits of holding bitcoin for a very long time,that is why you haven't started thinking of holding for long. Remember it is advisable to invest in long term so that if the market goes dip,you wouldn't panic and sell,whereby you make loss. This is like you are chasing shadows instead of targeting something big. Short term holding is like a heartbroken scheme,because always you keep on checking on the price. Due to lack of knowledge on the strategy to hold your bitcoin for long, you will end up not having the quantity of bitcoin that can make you a billionare in the next ten years. The price that you bought bitcoin this year might not be the same in ten years time due to bitcoin halving. However,we all have our different reason why we invest into bitcoin.

I didn't say that you have to spend all your Bitcoins of course but some, and you can also buy them back the same day so the exchange rate will be roughly fair but what I mean by that is that it would help the network grow but not only also adoption, because even merchants would be encouraged to accept if many people use it. Do you understand this concept?

I would strongly agree with your perspective that DCA is the best strategy for accumulating Bitcoin on significant dips. This approach helps to keep average buying cost at a reasonable level overtime. Attempting to trade Bitcoin with aim to increase quantity of Bitcoin often ends up in failure, as it is very challenging to accurately predict the market through technical indicators. Although technical analysis is a valuable tool to understand the sentiment of the market, but its accuracy to predict market is never 100%, as it is not a perfect science., it relies on historical data, and what happened in the past doesn't necessarily mean same will be repeated in future. It is crucial  to approach market predictions with caution to avoid any unfavorable outcome.