Topic: Buy the DIP, and HODL! - page 51. (Read 129385 times)

Truly unreasonable to the fact that they only look at those negative things happen, but they didn't even try to look what bitcoin achieve for its existence. People always think negative to things that they don't understand that's why its somehow expected the way how they talk about bitcoin especially that their knowledge is so narrow about this coin. But for many times that bitcoin gain positive exposure and good milestone also adaption acquired for sure that those doubting minds will be converted to curious one to try what they have missed out on bitcoin and actually we see slowly shift of attention since those people I see saying bitcoin is scam are now participating on some bitcoin gaining activities.

That's why to lucky for us people who know and understand bitcoin so well since for longest time we are gaining something from bitcoin and our continues belief that bitcoin would bring more profits in future. So continue to buy and hodl since for sure that there are more to get from it and ignore those people who spread negative thoughts about bitcoin.

Actually, if you routinely buy $100 per week for 5 years, the total value invested is $24k. I don't know why the site adds up to $26k in total invested value for 5 years.

Previously, Mr. JJG has provided a table about the DCA strategy in 5 years, but yes, every year where the investor increases the value of his investment to levels, for example, $100 is purchased routinely every week until it reaches 1 year. And in the following year the investor increases the execution per week and so on.

Sometimes it takes accurate planning to reach a more aggressive level than the previous year. I think it's very easy to do if we get increased income in the following year.

Every year the price of btc will be different, it could be that early next year it will be $100k but our investment does not increase, of course that is a factor that must be considered early, if you are able to allocate more, of course that is better.

The 5-year period is the ideal target to apply in investing in bitcoin.  We can consider many new programs in the next investment, for example, large profits will make us set a more aggressive strategy in the next 5 years with an increase in purchases that can reach $150 per week. That is the ladder to reach a wise level in dividing 10 years into two choices with more varied purchase levels.

If you look at the history of bitcoin prices after being owned, you should not regret not buying at a price of $ 48-50k because bitcoin will continue to rise before reaching its highest price after the halving occurs, this can be seen from the patterns that occurred in the previous halving.

That is why it is important for all of us to study bitcoin in detail so that we are more confident in the development of bitcoin for the future and of course buying bitcoin is never too late and there is no need to regret not collecting when the price is cheap, therefore it is highly recommended for all of us if we want to invest in bitcoin for the long term using the dca strategy, because this strategy is the key to achieving financial freedom.

In the past few days, bitcoin has slowly started to strengthen, even in our predictions it will soon reach a price of $ 100k so don't regret it, and it would be nice if we made that regret a lesson so that the regret is not repeated because we did not immediately collect bitcoin.

Then, those people are highly unreasonable, you do not call something a word that it doesn't show any attributes of, they are just haters and self-deceivers. Bitcoin is a currency, no doubt about that and before they say ill of it, they should first learn to investigate what it is. But it never surprised me with the various names people call Bitcoin today, it's also the fault of many people who abuses Bitcoin, they are the true enemies of the coin. Such people use the name of Bitcoin for all sorts of illegalities and Ponzi activities is surely one of them.

We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price.
In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.


100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures. 


I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.

Most who invested earlier are already receiving X2 or even more of what they had accumulated, we have gone too far to retrace back to any price, for the remaining month in the Q4 of this year, we should only expect the price to keep going up till we exceed an ATH. 

I doubt for Bitcoin ability to fall below $50,000, sooner or before we hit back the DIP, the bull run is just beginning and more time to spend in this season adding up profits to our portfolio.

Indeed, in the end it will be a good thing if in the end someone can maintain consistency to make such a large investment and reduce their living needs but in the end the question that will arise is whether it can be done for a long time? Even though being in bitcoin is ultimately a very good thing but in some conditions we also have to think about ourselves and the living needs we have to do because even though I still agree with what you said that a person's standard of living is a personal determination but in other conditions we also cannot make the initial situation as aggressive as it is (by doing at 35 percent for investment in the condition of our monthly income which is only $120 according to the context of the initial example) because indeed for the worst possibility we will not be able to survive for a long time with the situation that will occur in the future where the economic level and needs are increasing.
It is important in the end that instead of forcing 35 percent from the start, it will be more worth it to do it in conditions that we can minimize like 20 percent or 25 percent, which is still quite worth it with an income of $120 per month.

I couldn't agree more with you, because in order to invest in bitcoins it has to be done according to the rules as it has been in the past. Because the price of bitcoin is the price it is now and it will increase in the future, I think if your plan is several years into the future you should invest in the present as in the past.
  Because your future depends on your investment, there is no reason to be restless. As the market dips over time, it gives you the opportunity to buy more bitcoins, because if you invest at a price now, it is less likely to return to that price later. Because if you invest every week according to the DCA method then keep doing it and you will progress as per your plan.

There is no need to regret not accumulating Bitcoin when the price was $48-50k the current Bitcoin price we are seeing now will actually be a dip in the future because Bitcoin price will definitely hit $100 and more. It is important as an investor to make use of any solid opportunity in the Bitcoin market because in time coming what we see as Bitcoin ATH now will be seen as dip in the future, the current price of Bitcoin should be seen as an opportunity to still accumulate more Bitcoin if the fund is available so that there won't be any thing to regret in time coming we could still accumulate as little as we can using the DCA strategy.

Actually what @Wind_FUry said is true that lots of people especially those who engage with traditional investment think that Bitcoin is just a Ponzi scheme. This is what they believe because they don't know how bitcoin works. But for sure those skeptical people lessen over the years especially when bitcoin gather much attention and got serious attention towards possible adaption especially if Trump would win as President this election.

I don't see much people now talk about bitcoin and maybe those who hate it before realize that bitcoin is a big deal that they missed for many years. Also feel bad for people still skeptical about it since they missed something good opportunity that can provably change their lives.

A few months ago many investors looked for more dips and they missed the opportunity to buy at their desired price and see the current price is very close to crossing the ATH which can definitely be instructive for investors who missed the event. As a bitcoin depositor you should not look for dips you just run DCA regularly with discretionary income and for a long time. You can assume its duration is 4 to 10 years.

A steady Bitcoin savings can yield decent holdings for an investor and the potential for higher profits with long-term holdings compared to short-term profits. The thread here is made to emphasize holding more than profit so every investor should tend to build a large holding by buying regularly.

It's tough to say for sure , the market (Bitcoin) is really volatile and it might seems Bitcoin has established a strong base. The future holds so many possibilities and who knows we might just be on the edge of greater heights.

Investors  should always take advantage of every moments that arise because those moments when you think prices are too high might turn out to be opportunities you wish you had seized and also Those dips can really feel like missed opportunities, especially when you look back and see how much the price has changed. The market is uncertain it can change rapidly and what seems like a peak today could be a stepping stone to even higher prices in the future.

Those who were hesitating to buy during the dip at $48k - $50k few months ago might be regretting now. It just shows how unpredictable the market can be, who would have thought that seeing Bitcoin below $50k again would seem like a distant possibility. Regardless of what bitcoin price may be, our steady accumulation puts our investments on the right direction because the future holds so many possibilities of which bitcoin holds a lot of potential

A Ponzi scheme? Bitcoin is far from it and should never be considered such by any reasonable person.

Being used to fiat is not a valid reason for anyone to play idiocy on a fact. Does Bitcoin pay A and deny payment to B? Or it uses the money of A to pay B etc, just like a Ponzi scheme? Certainly not. Bitcoin is a currency, but in the form of a decentralised crypto network, that's the only difference it has with fiat currencies. If the government allows it to have full rights and potential, it will help the people more than the fiat currency.

The situation really looks like you won't be able to see Bitcoin at 50k unless a "black swan" happens. But I'm sure everything will be fine. It's very funny how we discussed in early October how likely it was that it would become another green UPtober, and now Bitcoin is a few hundred dollars away from the old ATH (it seems like Binance has recorded a maximum of 73.777).
Lets continue to accumulate according to DCA. And someone can say that now is the maximum of price, but soon it will be the minimum, we have 100k ahead.

I believe for those people, they could still continue to buy every small DIP/discount now that it's becoming VERY obvious that Bitcoin is back to surging to ATH after another ATH.

JayJuanGee, is this the actual moment where we could truly say that Bitcoin will NEVER crash below $50,000 again?
But I'm not going to say it out of avoiding any "superstitious events".


That's probably going to be $300,000 per Bitcoin this cycle, and that's not my most bullish prediction.

I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.

With the help of DCA method an investor can expect to reduce investment risk as well as a huge stack and portfolio growth with alternative income over time. Some small investors may suffer from FOMO during price surges which may hold them back from holding more Bitcoins Every investor should make a habit of depositing Bitcoins at regular intervals regardless of the price.

Have you noticed how much of his plan there is no way that person can go outside of his plan?  Because if you plan to hold Bitcoin for 10 or 15 years in the future, it's definitely better to go ahead with the plan. Because if you start holding through Bitcoin DCA method in few years your holding will increase several times. So the more you get hooked on the Bitcoin DCA method, the more likely you are to profit and the heavier the portfolio will be. If you average 10% to 12% on the price of Bitcoin every year then you can definitely keep your good investment. This is why holding through the DCA method is the easiest and because the past Bitcoin price growth and future plans will definitely attract you to invest.

The concept of naturally-occuring ponzi seems to be a perversion of ideas and perhaps not even understanding what is a ponzi scheme, which seems to require centralized entities by nature in order to technically fit into the concept of ponzi scheme in which there seems to be some concealment that the new money is used to pay off the old money and there is no value to the underlying asset/investment.

If we stick with bitcoin, there are network effects that exist, so the longer that we are into bitcoin the more likely that we can advantage from that, and we can sell for way higher prices to newer entrants, yet those are still market forces dictating prices and there are a variety of ways that we can buy and/or sell so our buys/sells are not going through any entity that is manipulating BTC prices.

I don't know what you mean by gold being a natural ponzi, and I doubt it even matters to much in the relevancy of this thread.  Over the years gold has been the most sound of money, yet even gold ended up getting perverted by paper gold, and then gold is hard to move, so bitcoin ends up being different from gold in that it is easy to move, yet we have normies entering into bitcoin contracts in which they are agreeing to not be able to withdraw their bitcoin directly.. such as the proliferation of ETFs, which could create some paper bitcoin dynamics to the extent the third parties might not be required (or enforced) to be having the bitcoin that they claim to have.


Sure, we might proclaim that it is difficult for BTC prices to 10x from our current price, yet there may well be guys who had bitcoin in 2022, and there were periods in which the BTC price was below $20k, so going up 10x from $20k is around $200k.  Another thing is that we might continuing to add to the value of our BTC, and even your example actually showed $21.4k invested over 5 years, and so the quantity of BTC accumulated would have had been 0.6663, which has a 200 WMA value of about $27k, but has a BTC spot price value of nearly $49k, and yeah, we like to go by the spot price value since that would be the price we would get if we sold right away or if a hacker took our coins how much he would be able to receive for our stash.

When we are assessing the value of our BTC stash and considering how we might hold our coins, we might also need to consider that they may well be changing in value, and they may well be worth way more than the value we put in, and also we might become even more nervous if (when) our coins become way more valuable than any other assets that we own and perhaps way greater than all of our other assets put together.. which is making us more nervous about how to protect our coins or what security measures to take or maybe even questioning whether we might feel some need to diversify out of our BTC investment with nervousness of having so much value within one asset class.

I woudl not suggest that the answers and/or the balancing are easy, but it can be good to account for a variety of scenarios including considering how changes in price (likely or less likely) could also affect the value of our BTC holdings.


Sure there are balancing of tradeoffs, yet sometimes the benefits will out weigh the costs, so we cannot treat all balancings as if they were equal or "damned if you do" and "damned if you don't" kind of thinking, since there probably are preferred courses, of action for people based on their particulars, even though I am not going to know your details and you are not going to know mine unless we share some of the particulars.


Some hackers (or attackers) are going to be more blind than others, so we cannot necessarily know in advance regarding how much information a hacker might have and how far the hacker might have been able to see within our transactions and/or our wallet prior to attacking, so if they know how much is at stake, then they might be inspired to hack or not hack based on that information.., and if they know the level of the security, or if they know something would be relatively easy to break into, then they might not know how much is in the wallet, yet once they are in, then they would just take whatever is in the wallet, yet prior to breaking in they might not know if the amount is going to be $5 or $50k.

Surely some of our security might be to keep some funds separate and with higher level of security and potentially more hoops to jump through before being able to access those funds, and then we might have medium level and then more hot wallets.  So we might have 3 or more levels of wallets and/or funds.  We also might not share information regarding how much we have in each of our funds, yet sometimes if we are interacting with another person, there may be some abilities to see our transactions, so we might want to make sure that we are spending from UTXOs that don't overly expose our wallet sizes.

Maybe I have 20 or more different addresses that are in 6 or more wallets that might be something like this:

Wallet 1) has 6 addresses with varying amount of between 0.15 BTC and 0.5 BTC in each of the addresses (perhaps a cold wallet with higher security)

Wallet 2) has 6 different addresses with varying amounts with between 0.001 BTC and 0.1 BTC  (perhaps medium security wallets)

Wallet 3 & 4 ) has 4 different addresses with custodial and non custodial  amounts between 0.002 BTC and .02 BTC  (quasi-hot wallets)

Wallet 5 & 6) has 4 lightning addresses with custodial and non custodial amounts between 0.0001 BTC and .01 BTC  (quasi-hot wallets)

I think that security is going to be different with each of the classes of wallets, and if the person is transacting with a stranger, he might move from one wallet to another or he might already have an address that he has determined to be adequate for the transaction with the stranger.  Of course, if he is buying a big ticket item, then that might be different from a low ticket item, and if he is spending most if not all of the BTC in the address, then the person might not know about his other addresses, only the one that he chose to use... so he might not want to use one of his cold wallets if he is buying a low ticket item since then the person engaged int he transaction might be able to see how much BTC was in his spending wallet and how much change he received.


I know that guys were batting around long term versus short term investing, and surely if we are considering ourselves to be investors, then at minimum we would be investing, and the shortest that we might invest would be 4-10 years, so 4-10 years might be short term investing and greater than 10 years would be long term investing.

So yeah, if there are ideas about whether or not you are in profits, and you have not even gotten through a whole cycle, then you are likely trading rather than investing, and bitcoin seems more like a long term investment rather than a trade, and the only reasons that guys might be able to do short term investing rather than long term investing is based on health and/or age considerations.. so there should be no compelling motivation to just get out of the investment based on profits that might come in less than a cycle... so surely there could be guys who have average cost per BTC that are decently below $30k and who have ONLY been in BTC for 2-3 years, and maybe they are contemplating taking profits because they are 2x or 2.5x up on their investment (their trade), and surely those seem like short-sighted decisions, even though surely guys are tempted to engage in such short term plays.. and hopefully they don't end up regretting selling too much too soon and also failing/refusing to sufficiently and/or adequately continue to build their BTC stash size.


Yep.  You describe a somewhat common error in which newbies make such mistake to discontinue or to lighten their DCA amounts, and there surely are risks in going down that path, including that they end up failing/refusing to sufficiently and adequately stack enough sats.. and they may also end up fomo buying at way higher prices, especially if the BTC price goes up and fails/refuses to come back down as they may well were anticipating it to do, and they ONLY have themselves to blame for such a gambling mindset that tries to outsmart the BTC price.. .. and then they end up with way fewer BTC than they should have or could have had.

Investors will not be afraid to buy because every day thousands of new investors continue to buy bitcoin. This is where we must learn that those who are weak-handed will be left behind because they choose to sell and that is a big mistake. Investors will continue to buy bitcoin, as long as they have usdt in their portfolio of course they will change it to bitcoin.

Although the price of bitcoin is rising, it is not a reason to be afraid to buy bitcoin because we have to buy bitcoin as a basis for our long-term planning. Every week the price of bitcoin changes and we buy every week so the entry level will vary with the dca strategy.

Yes, according to my estimate, the investment period with DCA must be targeted, for example 5 years, after that we will continue to accumulate more aggressively with a lump sum. I think I will do so if I reach the last accumulation with a 5-year investment target with the following year switching to a lump sum.

For some cases this can be true but in other conditions in fact even though our old people also cannot assume that when we have been in bitcoin for a long time we become more knowledgeable in the end because still in this case learning or doing some discussions is also a benchmark apart from the experience we have considering that not a few people who have even been in bitcoin for a long time they still have complicated and even confused situations so that they cannot distinguish between investment or trading so that in this case even though beginners may have less experience but when talking about learning then everything will be the same so that in the discussion it is not intended to patronize but just sharing in terms of experience only.

On the other hand I think that even though there are a lot of new people they also cannot be said to be unprepared because regardless of new or old of course the benchmark is the plan and goal so that it is the initial preparation in any aspect including in bitcoin.