Topic: Buy the DIP, and HODL! - page 511. (Read 108084 times)

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

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

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

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

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

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

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

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


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

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

Bitcoin is actually very predictable. Satoshi might have invented the most predictable asset in the whole history of banking and finance, and technology.



If you’re not HODLing, and you’re scared to buy because the price is “too high”, then work, find a second job, and wait for the bear market, which might start during 2021 and end on 2024. Buy with everything you have during or after the next halving.

buying on dip and holding is a good strategy to earn but we need to have a big patience on this strategy, because the bull un is always unknown and we cannot predict on how many years we need to wait for the posible bullrun and if we dont have enough patience to wait, we can maybe loss our asset, it is easy to think that we can hold for a long term but that was not easy, because if we have a patience that last 3 to 4 years maybe we are now millionaires, look at the bitcoin price and imagine if you buy bitcoin last 2018 to year 2019.

I already buy many kinds of the coin in dip and prepare for the next bull run. I will buy as many as I can because I believe that this year is the final year of crypto before it dumps like before. Even if this year is not going as same as in 2017 keep holding it, will give guarantee profits in the future

You are talking in general about cryptocurrencies, be specific on which "good crypto" you're trying to say.

It's all about bitcoin.

HODLING it is the best choice ever that someone who's looking for a "good crypto" to invest.

These kind of decisions will vary on someones risk management on where neither they might have panic sell or their stop loss had been triggered but they do already
had in mind on to buyback when the price do  tend to hit on the possible bottom.Making out some gradual buys until they do able to cover up on how much they had
lost earlier when they sell out in loss.Its just a matter of strategy and a bit mix of some gambling in mind for you to utilize the possible situations that might really
be ending up to be on the positive side of things.

True but not all people have the guts to sell when the dump occurs, because mostly people think there’s more value if it’s in the holding asset and wait when it sky rockets again. Although there are a few risk takers who sells their coin when it reaches to a certain amount or stop loss and buy back again if it dumps hard so the next time it increase its value again, well it’s profit. But personally I prefer to HODL, and check my coins from time to time and do margin trading.

for me to hold when the dump occurs is a time-wasting action, because such a strategy only makes you lose your fiat asset estimate, I know your coins are still the same and don't decrease, but it's a shame if you don't stop lose and buy back at support prices next, because if you buy back then you get more coins or tokens that you will hold.

In that case we must hold a good cryptocurrency.  If the price of that cryptocurrency continues to fall, you still have to hold on.  Because even if the price of a strong cryptocurrency goes down, it will go up again.  All we need is strong morale.

Buying the dip and holding is what drives the price of cryptocurrencies but one has to be careful what to hold in order to avoid being dumped on. We saw how it ended for some people in 2017. They ended up being dumped on and most of them were unable to come out of it for so long.
So, when you want to hodl any coin, be sure you're doing it what you can afford to lose or hodl for a very long period of time.

Hal Finney on the Non-Fungible Token/CryptoArt movement. Real value investments, or shitcoin scams? I believe I might reach a price-limit when I have to use my coins more productively, than HODL after 6 digits.



Credit to Justin Trimble, https://twitter.com/justintrimble/status/1357098395110952964

Like former Ripple CTO Stephan Thomas? He only has to more two attempts left to guess his wallet password, or else all $240,000,000 is locked forever.


It will become scarier everytime Bitcoin surges to hit new ATH, especially when it reaches 6 digits. Hahaha.

Yeah. it is probably good to test your systems every once in a while, and even a relatively short period of time could cause some difficulties in remembering all of the details of whatever system that you use - and I have suffered the same fate - but so far believe that I have not lost any coins through confusing my own systems - at least not that I know about.   There surely have been quite a few people who have locked themselves out of some of their own coins by either inadvertence (in NOT taking the rememberance of their own systems seriously enough) or creating systems that were too complicated for their own ability to recover their coins at a later date.

Being your own bank is an awesome responsibility and scary too...

Surge baby SURGE! What’s causing it? Did Elon Musk do a Michael Saylor?


Because of my laziness of setting up another offline cold storage, it prevents me from touching those coins. But sometimes I do question myself if I have written the correct seed words in order. Hahaha.

I cannot really disagree with your overall point here, exstasie - even though early 2013 had  more than 70% drawback and it lasted more than 4 months. 

Of course, no two cycles are going to look alike - but they might have some similar kinds of dynamics including something likely suggest that we might not get back to $42k for a few months - even from here... and still be in decent shape for shooting past that current ATH of $42k.



That is probably a bit of an unfair belief in terms of if you allow it to skew your thinking.  It seems quite factual (even if NOT recognized by a lot of folks - even BTC HODLers) that bitcoin has been providing opportunities for quite a few retail and regular joes to be able to front-run the BIGGER players, and the vast majority of investments do not allow for that kind of ability to front-run the more sophisticated players.

So, yeah, I cannot really disagree with your assessment that a decent number of the regular joes are going to end up getting shaken out their hands by selling too many BTC too early... and not holding onto nearly enough of a quantity of BTC in order to make real differences in benefiting in the actual transfer of wealth that has been going on since the arrival of bitcoin.



Some of the ways of holding bitcoin are evolving and sure there are likely some better practices regarding how to hold bitcoin and maybe how to split them and various kinds of extra security measures..

Regarding the mere fact that bitcoin is going up so much in price does cause some folks to shave small amounts of bitcoin off along the way and perhaps that shaving off can help to make you less worried in case the price corrects longer and further than expected... but it may not do a whole hell of a lot  if you are continuing to have fears in regards to however you have been holding your coins.

Luck doesn't just happen, we just have to work towards it, but with the strength of the market demand and supply level, I expect the market to stuck in the price range you mentioned till early Q4 market before it will dump below and there's also a chance that will may not see the price going below $25K but people believe history always repeats itself in the crypto market and if it does market blood will make the market dip below $25K but it will depend on the major (institutions and whales) investor's decision.