Topic: Buy the DIP, and HODL! - page 502. (Read 123703 times)

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.

I like the point you're making about using money that we can ignore even though basically any money shouldn't be ignored because money is a very useful tool at this point in time. And as for a brighter future in terms of something, I think only a minority of people are not convinced that it's for the future of Bitcoin.

Because if you remember the basic concept of Buy the DIP, and HODL it is a concept where someone who basically doesn't really remember selling at a loss or selling at a low price in the short term. But such a concept is a concept that is more suitable for the long term after buying at a low price and holding it (despite the misfortune experienced by someone in his life so that he has to cash out his assets to solve certain problems)

Bitcoin gives everyone free hand and access to do whatever they thought of with their bitcoin, it's not a do or die affair whereby after buying you must hold till finite. Don't quote me wrongly but just try to get my point here, I may decides to buy bitcoin today and sells in the next two to three months after which I think the little increase or profits gain from it is okay by me.

Also remember that I may buy bitcoin and in few days interval urgency may come to me whereby I can decides to sell and settle the problems at hand but that doesn't mean I do not want to hold my bitcoin, but since there is no alternatives on how to get it sorted out I then decides to sell my bitcoin is not a bad decision I have taken so far.

But main problem here is, If I could be able to get them back at that cheap price which I sold because knowing too well that bitcoin price can't be as same when buy this year and next year. Being able to utilized the opportunity given to us at a plater of Gold is another great deal which many does not know that opportunities never waits for anyone.

As a fellow you have something good doing at hand and it happens that you just buy and sell without any reason is really bad because bitcoin is a Gem which is worth holding for long term.

Only do it with the amount of money that you could ignore for a long time, don't try it with your whole savings since we are not sure about the future.
I am not saying that it wouldn't be profitable but what if something unexpected came up when the price is still low and you badly needs the money, it would just force you to sell it even if you're going to take the loss.

While on this thread, I have really learned about the importance of holding Bitcoin for a long time. With discussion on how to hold our Bitcoin for a long time, I have also understood that there is nothing wrong with holding your Bitcoin for as long as you want, but a member of the quote above thinks it's very wrong to hold Bitcoin for a very long time. I think he is the one who is wrong in his thoughts, but what is your opinion about this? I just want to be clear. Responses are appreciated; please. Thanks.

Yea you are right,there are different method in which one can use to accumulate their coins not just DCA. It all boils down to the nature of your income during a given period of time. Buying at dip is always an opportunity for those who see the market as an opportunity for them to acquire more bitcoin when other investors are selling off due to panic,this strategy helps to buy large amount of bitcoin at a cheaper price. On the other hand buying at lump is for those investors who have plans to accumulate bitcoin when a huge amount of cash comes in and they invest it into bitcoin because they understand that bitcoin is a store of value and an asset to keep their funds away from depreciation,this practice is always done once in a while. The last set of investors are those who use the DCA method by accumulating their bitcoin gradually from their monthly income,a fraction of it is use to accumulate more bitcoin to their investment portfolio, due this strategy might not be regularly done due so some unforseen circumstances that can increase our emergency spending.

 I do accumulate my bitcoin in two of this methods but it depends on my present financial statues. I DCA every month and sometimes when I have a good cash inflow which I don't have plans for that huge sum of cash that came in,I immediately use it to buy bitcoin,so that my funds wouldn't be hit by inflation and I can also have a good significant amount of bitcoin in the next 8-10yrs because I use bitcoin as a store of value which I will benefit from in the long run. These are some secretes that some investors fails to understand and instead they will always be checking bitcoin price to see if it is pumping or dumping,all these will discourage them from the mindset of hodling for long and they will sell at the unexpected time. Either they will be carried away with the anxiety of the high price and sell off or they will panic and sell of when the price dips lower than what they bought.

Going by your points here, it is eminent that we take cognisance of what category of an investors we belong to, many people thinks that this is what they get into and must within a short period of time behold it result in their hands, but bitcoin investment is beyond that, when you buy the dip, hodl the coins, get secured and leave the asset to mature to an extent of being profitable whereby you experience a massive increase on your investment.

It usually take upto four years before such may occur since every halving takes place within this same stipulated interval, then comes the increase you least expect from your digital currency bitcoin which turn to a profitable investment or asset after your holdings, but hence if you can't endure this hodl for long the other alternative is to trade under a short term basis.

Normally, I think that someone who has gained education about financial management and investment dealings should know that during investment, you don't invest everything you have without realizing that there are times when some unforseen circumstances could arise and will require you to spend some cash, and at that moment, the person might be stranded because they forgot to prepare for an emergency.

Let me give you a little story. While I was growing up, I usually went to the farm with my grandmother, and any time we were going to the farm, she always went along with some money. When I noticed it, I asked her why she was always going to farm with money. I asked her if there was any shop at the farm where she could buy something with the money, and she said "No", but what she also said was that, " we should always prepare ourself for some unforseen incident that money can just solve." One day we went to the farm, and on our way back home, the fuel on the motorcycle ran out. We rolled the motorcycle to a nearby filling station close to the farm road, bought refiled the fuel tank of the motorcycle and drove back home.

Sorry for that creepy story, but the truth is that when you invest, you should also keep some money for your needs and maybe for any emergencies that can arise. One law of economics is that human needs are insatiable. So, always make your budgets and also save a little Fiat for emergencies; then you can invest the rest. By doing so, if you are investing in Bitcoin, you will not really be tempted to sell off your holdings in the short term. That's because even before any emergencies arise, you always have a backup.


Well, to clarify that, first, what is a store of value?


Bitcoin is an asset that can be saved and exchanged in the future without its value deteriorating, so I think that makes it serve an investment purpose too. Even with that, it doesn't mean that Bitcoin isn't still fulfilling the P2P purpose by fulfilling payments for online transactions.