Topic: Buy the DIP, and HODL! - page 503. (Read 123703 times)

DCA does not require analysis or buying techniques because we do it in stages over the long term. This is because all investment techniques in the long term only require strong financial support and do not reflect failure at any stage in the investment pattern. Now, with strong assumptions, we can maximize if the investment opportunities that we run will end successfully based on strong beliefs until we find the success that we are targeting in the next 10 or 5 years.

So in this case I think someone who has a relatively large income will benefit more in the current situation, namely buying sooner before they do it with DCA, but if they have relatively small income of course they only make purchases in stages with DCA, And no aggressive upgrades they will do.

I think if you are targeting a long term investment then there is no need to bother doing market analysis because we are not going to sell the invested Bitcoins in the near future, meaning in the long term is to do an annual HODL and we are ready to do that.
We are here talking about a financial management strategy that is included in bitcoin, both DCA and lump sum, as the best method, but we see how our financial flow is and it must be done well without any pressure at the end of the month.

If you have a large enough monthly income then what percentage do you have to do to buy bitcoin, if there is more additional money then you can do a lump sum, the most important thing is that your needs are fulfilled Bitcoin investment is still running even though the DCA is put in small.

Thanks for the good elaboration. Most traders don't know this as they are blinded by the profits they make anytime they make a gain in the market and one thing I have known about trading is that, it is very easy to forget your the loses they enquire seeing that some times they have profits, but the truth is that no traders even the so called experts make steady earning without acquiring loses but they just feel not to count on the loses and just focus on the profits they make, but the certainty of getting this profits always is very small and at the long run of your steady trading you might hit a very bad day which is a possibility and it might drain your portfolio by some huge margin which is the risk that is involved when trading. But buying on a steady pace whether big amount or small just keeps the risk of loss at the very minimal stage and it only increases your portfolio either by a big margin or small but the fact there is that you are actually heading toward somewhere in your investments. Bitcoin has already proven its efficiency over the years thats why many bitcoiners see it as an amazing investment platform if only one is able to hodl despite all hardship and situation that might face you during your investment plan. I will also believe satoshi never intended for bitcoin to be first used as an investment means but thats the nature of something good it always have other means to prove and add to its worth and thats why its just best when it comes to building a profitable portfolio in bitcoin if only one can just BUY THE DIP AND HODL and forget about the little earning and huge loses you can get from trading your BTC, it will be all good sometimes in the future.

For sure each of us is going to assign probabilities to both price direction and even the degree to which the price might go down or up and how long it might stay there in differing kinds of ways, and the punchline likely has to do more with the extent to which we are individually tailoring our approach to our own various circumstances and where we might be at in our bitcoin journey, whether in an accumulation phase, a maintenance phase, a liquidation phase or some phase that overlaps with those ways of framing our own personal priorities... .so in that regard, view of price is only one of the aspects and the extent to which some people even believe that their view of price (or price direction or BTC price direction as compared to other assets) is an important part, then surely some people might act upon their figuring out of those kinds of matters more than others might not give as much emphasis to such things (such as perceptions of short term price direction).


Sure.. there can be combinations of DCA, buying on dips and lump sum buying.. and some times we might run out of money in order to buy more, so we might then decide that it is best to HODL.. or maybe we try to learn from our experiences.  I think that it tends to be a mistake to either sell on the way down or to sell out of hopes that the BTC price will go down or to have felt that mistakes had been made in terms of running out of money in terms of preparations to be able to buy on the way down, so hopefully people learn from these kinds of likely mistakes, even though surely people have differing views in regards to how they believe that they want to achieve their objectives, even if they are in early BTC accumulation stages of their BTC strategy.


Of course bitcoin price dynamics is always a kind of moving target, and sometimes there may be patterns, and likely figuring out which parts to pay attention remains important too.. and yeah, I am not so much into trying to figure out the nitty gritty of short-term BTC price movements, and this thread does not seem to be like that, even though there is a kind of problem that comes when guys/gals are trying to figure out the dip.. rather than just buying BTC regularly.. so there may well come a kind of devolution in thinking that there are needs to figure out how much of a dip is going to come or maybe even failing to really assign values to just money that is allocated.. and surely if the budget is not very big.. then there are senses that every dollar counts and there is not enough dollars to spread in order to continue to buy all the way down, so there are needs to be strategic in terms of buys, so I can understand those kinds of inclinations that people have that likely lead to errors, emotionalism and perhaps even doing the wrong thing in a variety of ways (including that they might be overly invested and not holding enough fiat in reserves.. so that they can both buy BTC regularly and also buy on dips at various strategic points that they themselves determine in advance and perhaps adjust from time to time.. without necessarily getting too greedy along the way).


Perhaps.  how do you know?  just because people say that, or you have come to those conclusions yourself?  How are you evaluating bitcoin?  are you ONLY looking at charts and treating it as a mature asset class, or do you include it in terms of a paradigm shifting phenomenon that is in early stages of adoption that is likely to be on an s-curve an explosive at times that are not necessarily known in advance?  You can use whatever frameworks that you like in terms of fucking around with trading rather than merely ongoingly stacking (and perhaps holding some in reserves for dips)..

and don't get me wrong, I have money prepared to buy on dips all the way down to $10k-ish.. though I hope and expect that it won't even go into the lower $20ks.. but I thought that in early 2022 too and I had to adjust my money in order to account for my possibly running out of cash.. .. so I feel that it can be quite difficult to build up a way to both mentally and financially prepare yourself.. including that i had done a large portion of my BTC accumulation in 2014 - even though I could not resist to continue to accumulate all the way into early 2017.. even though it just can become kind of complicated to deal with any of our BTC portfolios in the earlier days, and likely we start to feel more comfortable the longer that we are in and the longer that we are able to build it up in such a way that it ends up being in a profitable status down the road.. .. and in a lot of senses, I don't think that any of us should be rushing to try to get to a comfortable state.. especially guys/gals who are in their earlier BTC accumulation stages.. and even realizing that it could take them 4-10 years before they even start to come close to being comfortable in their BTC stash and the balancing of their dealing with BTC volatility that is likely to continue in the coming years..  likely even 10-20 or more years into the future... to the extent that any of us will still be alive at various longer term points in time down the road.


It seems to me that each of us should always be preparing ourselves financially and psychologically for BTC price moves in either direction (including somewhat flat and/or range-bound BTC price moves). 

if you are only preparing for one direction, then you are likely to get fucked.  I have seen it plenty of times in the past, and I have no doubts that such unpredictability is going to continue in bitcoin for quite a bit of time to come into the future, and many of us likely already realize that one of the most inevitable things about bitcoin is its volatility, but we do not necessarily know in which direction... so good luck if you are ONLY preparing for one direction, you are likely going to need it... maybe you end up getting your preparation right this time, but seems like gambling to me if you are treating your bitcoin in such a way that is likely to bite you in the ass if you continue with those kinds of practices, but hey.. do what you like... You are completely in charge of your own financial and psychological preparations... but you are not going to get me to agree with your tactic that seems to be largely preparing for downity.. even during seemingly dire times like these.


I don't know what PW is.

But I get your point.. and yes, guys engage in technical analysis all the time in terms of figuring out how much BTC to buy at what points and also how much fiat to save, just in case the price might dip lower.


Sure.. nothing wrong with those ideas... and hopefully each of us is also prepared for UP, just in case UP ends up "surprisingly" ends up happening... whether the technical indicators say that it should (or can) happen or not.


This thread is not about trading...

Sure, guys can do technical analysis or they can do fundamental analysis.. or they can do some kind of an assessment of themselves and their circumstances.. and views on bitcoin is only one part of the various aspects to be taken into account, so getting too caught up upon technical analysis might not be a good idea..  especially since the vast majority of traders do not end up doing better than someone who employs a more solid strategy to just buy BTC regularly.. and also frequently the trader twats end up getting involved in shitcoins.. so there's a lot of complication in terms of getting too distracted, especially since it is quite likely that more than 99% of the world's population does not have any bitcoin or has small amounts of bitcoin, so better to get off zero and work on stacking bitcoin prior to getting too distracted into nonsensical timing considerations.. especially more advanced approaches that most people are not able to do that involve selling.. not a good idea when it comes to one of the best (if not the best) investment asset that has ever existed that is widely available to every person on the planet.. referring to bitcoin here, homie.


I would not say that DCA is the "only" method, since there is lump sum investing and there is buying on dips (the topic of this thread), even though DCA is amongst the best of methods to get started right away.. and hopefully, people who get started in bitcoin as soon as possible will end up tailoring their BTC accumulation approach to their own situation.. which may well mean to start out with DCA.. and then to figure out various goals that they have that are personally tailored.. that might take years to play out with various tweaks and adjustments along the way.. that hopefully relate to ongoing learning. and perhaps not devolving into those kinds of desperation and/or gambling strategies that you had referred to in your post Sim_card.

So it's best to target your investment over a long range and with this we think ranking at least a little time for you not to need to fill in every time, market analysis habits people use when they determine when to buy, and in the gaps in investment time they analyze to do additional if there is a good opportunity, because they invest long term already determine the final target.

I guess right, Without understanding the technical aspects, it becomes difficult to predict the results. Yes. using technical analysis will gain insight into optimal buying and selling points. But, what's interesting is that you know, sometimes the luck factor always comes for those who aren't too serious in trading, on the other hand, those who are too focused usually have a lot of obstacles. in navigating its investment landscape. weird too.

Trading is done regularly and one can easily run at loss base on the volatile nature of bitcoin. Those bitcoin traders will find it difficult to accumulate to their investment portfolio to a high level,compare to someone who is accumulating and holding. From my own perspective traders are more vulnerable to loss and might find it difficult to be able to hold their bitcoin for long because they see bitcoin a business more than seeing it as an asset that one can have a good profit from it when you holdi for a very long time. Trading has a lot of disadvantages that can make one lose his bitcoin if he has less knowledge on it or did not have a good trading strategy. If some traders with good strategy can't make profit everyday,trading is about making profit or loss,but bitcoin steady accumulation through DCA and holding for long is a sure guarantee for that investor that he must make huge profit depending on how long that he can hold on to his Investment. All the profit a trader has made in 10yrs put together will not be up to the profit that someone who is holding and accumulating for 10yes,this shows that traders are only after little profit and they don't target making huge profit because they are after daily profit. The more you keeping accumulating and holding,the more opportunity that you have to make higher profit in the long term. Trading is like stress and chasing shadows because it is like gambling where you hope of making profit is 50-50, but holding for long and using DCA method is the only way that your bitcoin investment portfolio can attain a great height and value.

If you just have faith without you analyzing it technically, of course the success you will get is luck,
it can even be said to be an investment bet because you don't know how it will go,
but if we analyze technically, of course we know when we buy and when we sell.

Yes. I also agree that volatility is unavoidable and attacks on Bitcoin in these 2 days are likely to be of short term duration even though we know the Bitcoin ecosystem is very complex, with both positive and negative elements affecting its price although It is difficult to determine the exact probability of price movement in certain period of time. Establishing a regular buying strategy, identifying buying opportunities during a downturn, and allocating funds for further potential downturns I think is exactly what you meant and If those downturns don't happen again we need to reassess and adjust.

In November 2022, Bitcoin bottomed out at $15,479. However, today the situation has changed and the correlation may be different. In evaluating the opportunities for the current price movement, it should be noted that there is a lot of resistance awaiting Bitcoin between 26.9k to 27.1k. Therefore, it is not advisable to expect a sudden price increase outside this range. As long as Bitcoin stays above the May low (preferably above the PW Low), expect Bitcoin to move slowly towards resistance, possibly experiencing some resistance.

However, if no bad news is issued, there is a possibility for the price to increase towards the 28-29k region and I think, The key is to remain flexible and adapt to the ever-changing market dynamics.

For sure, it can take a long time to build up your investment portfolio to a level in which you start to feel comfortable with the size.. maybe it starts to reach 1 or 2 years of your annual salary (or the amount that you need to live for one or two years), and then you may well start to feel the value of being conservative and building over the many years that it took you to get there.. perhaps it took you more than 10 years and maybe even close to 15 or 20 years to get to the level of having 1-2 years of living expenses in your investment portfolio... and sometimes as you get your investment portfolio larger, then it may well start to compound on itself in greater ways.. and surely the power of bitcoin has good potential to help any of us with the compounding effects of our investment and it is not as likely to happen if we are pissing around with trading rather than ongoingly building.. and for me to be somewhat repetitive, building also likely does not really happen (and you end up working against yourself sometimes) when you are pissing around with trading, especially with an asset like bitcoin that already has a decently large amount of great upward potential and even explosive upward potential that you might end up missing out on if you are too busy trying to figure out when such upward explosions might happen (and you end up getting it wrong and not having money in bitcoin when it explosively goes up and refuses to come back down to its previous price levels)..

You made a valid point that, for Bitcoin investors, it is very important to understand that this market is very volatile and like other markets it also goes through bull and bear cycles and it is very challenging to predict the duration of these cycles . The other significant factor is our belief in potential of Bitcoin to thrive overtime. This belief greatly influences the success of our investment in the long term.

To theorize is very important in any investment one wants to go in because it is through the theory that you will follow to set up your goals and how your goals can be achieved. If you theorize without practical,then you haven't started yet because you need to display the theory in practical so that one can have experience of that which you think is the right way to go or steps to practice. Sometimes,when we theorize and put it into practice we see it that they way we thought or have it in mind wouldn't be easy to achieve because there are some obstacles that we are bond to face which we didnt put into consideration due to our lack of experience ...that will make our theory not to perfectly work out. Bitcoin investment is easily said than done,you might have the psychological and financial preparation to embark to your bitcoin journey to hold and accumulate for 10years but along the line,you might be faced with wrong some obstacle which might make you not be able to hold for this long or to accumulate the exact amount to planned to accumulate at first.

 But as time goes on,you will see it that you will begin to understand some challenges that can prevent you to achieve this goal and you will begin to come up with another strategy which you can use to overcome that problem,and before you know it,you will overcome it. We might have the best theory on how to increase our bitcoin investment 2x the normal size as planned but you might end up not being able to achieve this because of some wrong decisions that you made during your bitcoin journey and some circumstances that surrounds bitcoin might make you feel reluctant,discouraged and panic because you are trapped in the middle of it. Experience is best gotten from practical and not theory. However,both of them are important for one to move on with his bitcoin journey. For example bitcoin price has dip to 25k+, so many people will panic and sell all,some will panic and sell some fractions of their and some persons will understand that this is how the life cycle of bitcoin is because he has the practical experience and he uses the opportunity to accumulate more. While some other persons will stop accumulating and look at how the market will move but they are still holding.

There are really Bitcoiners who bought Bitcoin at $40k and some even above that, but most of them are still holding despite the fact that the market is still bearish. So, if you think you are at a loss because of the market, remember that there are also a lot of Bitcoiners who may have bought at a higher price than you did. Bitcoin investment is mostly long-term and not just what you will buy this month and expect to make profit the next month. If you want to make a profit in Bitcoin, then you should be ready to hold until the price becomes bullish again, because as long as you hold onto your Bitcoin and never sell it at a cheap price, you have not lost anything.

"Dumbass trading plan", I think that will really clear him on the actually issue that is discussed here , I mean its not so hard to miss @Buy the DIP, and HODL!. Bitcoin is volatile no doubt but thats why its all fun and profitable and also a perfect means for an investment plan and more preferably a long term investment. Over the years bitcoin has proven its efficiency when compared to other altcoins who always tend to disappoint after their planned pump rise by major market influencers that deceive folks that are impatient to actually hodl their bitcoin and so diverse to other means to get the profits more quicker which I know is probably more risky.

Holding for a short term and trading have been one of these means but everyone or maybe I think its ways too risky and prefer to hodl my BTC till the markets looks favourable for me to sell off and that would probably be during another ATH but only time knows when and with knowing this, the curiosity to sell actually dies down too. So trading my coins for some cheap profits is totally off the question for me but I don't about any other bitcoin enthusiast but I will definitely prefer to Buy the DIP, and HODL!.

This is what I term as discounting because, while the weak hand is panic selling a holder will continue to buy the deep and discounted price, imagine buying a few bucks when Bitcoin touched 25k, by now you will be on a good percentage of profits by now.

So ultimately only the steel hand and long-term holder are the real potential top gainers and this also include quite a lot of financial and statistical brain work to be able to know when tocatcht the edge and how to minimize the overall risks.

You are lost rojan.

We are not talking about trading in this thread...

good luck with your dumbass trading plan, and go talk about it somewhere else, in some other thread that would be on your short-term profit trading topic (to the extent any of that is even a good plan).

Yes I think now is the right time to buy our bitcoins. I had previously bought bitcoins at a high price and now I am thinking of buying again with some money. Because now I can buy these bitcoins at a much lower price than what I bought them before.  I will sell after the month after the price increases. Then I can make a lot of money. It is the right time. Whoever can use this time can make money by investing.

Why are we talking about Binance and its CEO's attack by the SEC? Here comes another lawsuit again by the same SEC against Coinbase, which has received a warning from the SEC before now. It's no longer news that the SEC is after the big names, and as such, most people are panic selling out of fear of what might come next. Since the price already dumped over the Binance Sue, I don't think that Coinbase will have any great impact on the market again.

People might be seeing this as a bad time for Bitcoin, but those who turn everything into an opportunity will utilize it as an opportunity and take advantage of the entire situation. Those who have money will buy more and store it, not minding what the price will be tomorrow.

Certainly when missing it again there will be a feeling of regret for not making a purchase at the moment of Bitcoin before bouncing back to $ 26K- $ 27 and higher, I am enough to admit that the panic/fear must be in a case like this, even though I am accustomed to market conditions Like this in Bitcoin.
The thing I did was the DCA fund this month was divided into two, before I bought Bitcoin when in the price range of $ 25,540.22 I felt lucky because it seemed to be Bitcoin to bounce back to $ 26K, and then I prepared the rest of the DCA funds if there was another dumping in Bitcoin this month, I think Stratgi like this is effective enough to do DCA when FUD which might have a rather long effect, even if there is no continuation of dumping, the last week of June became my DCA fund option.

Keep accumulating BTC, I think smart people will not miss a rare moment like this.

Yup, things like this always repeat themselves and indeed the condition of the SEC beating for Binance will definitely have an impact on all aspects and that includes bitcoin fluctuations but on the other hand I quite agree with what you said in this case, many are still waiting and according to the title listed now this can also be a good momentum of course because with this we can still buy bitcoin at a cheaper price.
The concept is still the same as before with buy on the dip or indeed if possible with DCA.