Topic: Buy the DIP, and HODL! - page 512. (Read 122897 times)

It is very relevant and I think it is also important to develop a personalized strategy that takes individual financial and psychological circumstances into account, rather than trying to pursue risky tactics. By investing with patience and discipline, anyone can potentially profit from Bitcoin without thinking too much about the short-term market fluctuations of Bitcoin's growth over time.

I mostly agree with what you said DaNNy001 - except when you consider that it is important to consider when you might "sell" then you likely do not understand bitcoin very well.. and also your use of the term "crypto" also shows that you may well not really understand what is bitcoin and maybe what bitcoin's value proposition is.... beyond merely considering it on a superficial "number goes up" kind of perspective.  Another thing when you focus on trying to figure out when to sell, you may well potentially end up either getting yourself into trouble by selling too much BTC too early.. or just formulating the wrong kind of mind-set in terms of how to think about bitcoin as an investment and how to attempt to deal with its likely ongoing volatility.. including perhaps being able to figure out how to continue to accumulate bitcoin, even if it is inevitably going to be volatile in the coming 4-10 years and even longer (further into the future).


I would also not get very worked up about "making big profits" but instead preparing the feel more comforts the more that the bitcoin that you have accumulated are in profits, and surely there are strategies to continue to invest into bitcoin for 4-10 years or longer and to really be able to be advantaged by both bitcoin being in profits, but also the likely compounding effects of being in bitcoin for several cycles, and of course there are no guarantees, and there are also some ways that any of us should be able to strategize and to employ our bitcoin accumulation and maintenance strategies in order to make sure we are able to profit from our involvement in bitcoin without getting too worked up about trying to trade bitcoin or to fuck around with those kinds of risky tactics.... while at the same time, each person has to figure out the path and strategy that is most comfortable in regards to his/her own personal financial and psychological circumstances.

The many opportunities that exist are sometimes often wasted because they are too worried about the fud circulating out there. Some of them have great belief and that is the characteristic of those who are successful in the end. Indeed we have seen a in the movement of btc when it reached $ 69k and a year after ATH BTC fell to a price of $16k now on such occasions there are still some people who have weak hands selling at $16k and if we look at this price even we compare of course BTC has turned things around from $16k up to a price of $28k as of today and its just lucky for those who HOLD.

My conclusion is that maybe it's never too late to buy BTC even though we will buy in small amounts but if it is done regularly every week then we will also have the hope of getting big profits when Big Pumps come or when new ATH is reached.

Just like you, I also miss those opportunity to buy when the price was significantly low not because there was no funds  but because of the lack of knowledge towards bitcoin or should I say I had a wrong perception of bitcoin, but its was not until the massive growth and awareness of bitcoin in NIGERIA and my locality to be specific that really got me curious toward the trend that is bitcoin and thanks to my curiousity, I have learnt a lot as from the time I was guided to this wonderful forum. But am still not all that regretful though because of the fact that the  price still went low to 16k last year after hitting its ATH in 2021 and I was lead to know and understand that instead of whining I should rather see it as a second chance and a golden oppurtinity to buy btc during last year dip and do what most successful crypto investors do which is to HODL till the prices goes up and significant enough to sell.

On a personal level, I am not against exchanges or the use of exchanges, and I believe that it is our rights to be able to use exchanges, and it is quite likely that various governments are overreaching in their various ways to prosecute and/or to attack exchanges.

At the same time, each of us has to be practical in terms of our living in the real world and how much that we might end up losing if we have too much of our money in places that are targeted by governments or they get shut down and/or we might not get our money back.

We also have to figure out in accordance with our jurisdiction (the area that we are) how much there might be attempts to punish bitcoiners, or maybe they say that they are ONLY targeting shitcoiners or scammers, but in recent times, there frequently is not very great clarity in terms of what is being stated as being lawful or unlawful and there are surely evolving aspects of the law in accordance with bitcoin, so we should be attempting to be careful in regards to how much that we might end up becoming a target or if there might be ways that we can engage in reasonable economic activities using bitcoin and also to preserve and prepare for our own futures using bitcoin.

I am not against the government and I am not against banks, yet there still can be issues in which different entities and even representatives within the various entities have differing opinions regarding what is acceptable and what is not acceptable, and some of them are wrong and uninformed, and others merely have differing perspectives.

Sometimes there might be abilities to move from one jurisdiction to another (which sometimes could be moving to another country), but for sure, not everyone is easily able to move and some people do not want to move to another country, yet there also sometimes could be locations within certain countries in which there is more bitcoin-friendliness or even more bitcoin related networking opportunities, so the options of what is available and how to fit those matters into our lives is not going to be the same for everyone.  If we live in a very hostile jurisdiction, then surely we may well want to choose whether we buy bitcoin or if we might try to be more secretive about buying bitcoin.. but still there could be some risks in some jurisdictions, but the mere fact that there are risks should not necessarily cause someone to completely forget about bitcoin since there may be some ways in which we are being lied to about bitcoin and about options in regards to bitcoin because some people are trying to dissuade us from acting within our own interest which is to make sure that we have a sufficient and adequate amount of bitcoin that fits our personal circumstances.  There are some folks who lie about this matter and say that we should not have or even want bitcoin because everything is fine with fiat systems, and most of us should be able to recognize and appreciate that such assertions about "no problems with fiat" are not true....

Also, there are some people who believe that they should convert completely to bitcoin, and I don't believe that is a good idea either, and there are likely needs to be able to operate in both the fiat and the bitcoin world while we are transitioning to bitcoin, and it could take 100 to 200 years to convert to bitcoin, so many of us might not even live to get to some place in which bitcoin is the complete standard, so there surely are going to be a lot of needs to continue to have exposure to various fiat systems for many years to come.... and personally, I believe that a lot of those guys who are engaging in behaviors to have "everything in bitcoin" are likely making themselves too much of a target.. but surely some people may well want to be targets.. and that is their choice..

I have been concerned for a while about what you mentioned when various exchanges were threatened with invasion. Luckily for me when the FTX exchange collapsed I had a plan a few days ago to put some money and buy some FTX tokens. But the collapse of FTX a few days later got me puzzled. I certainly would have lost a big amount.

There is lot of discussion and criticism about Bitcoin in my local area. Most of the transactions are done through the Binance P2P. One can easily buy bitcoins from there. I have also noticed that people who understand a little about Bitcoin still love to keep their money in the exchange. They still show no interest in other wallets. But there is a social awareness among them that they are very interested in Bitcoin. Some even save a small amount of bitcoins. I think it's really admirable that they have such a good idea about Bitcoin. When bitcoin roars again the number of rich people in my local area will increase ‍significantly.

Yep.. .it is interesting how each of us took different approaches to our BTC investment, and we defend the approach that we took, and so in that regard, there may well be some individual particulars (rather than objectivity) that causes us to attempt to justify that what we did as the better of the approaches for our own circumstances... so in that regard, we also recommend such approach to others - the approach that we had taken.

I am kind of thinking that any reasonable delay towards investing into bitcoin would have been backed up by having some reservations about the fundamental nature of the asset and/or perhaps not having enough finances to be able to begin sooner rather than later... and generally speaking with the vast majority of foundationally sound investments, it is better to have more time in the market rather than attempting to time the market.. even though of course, in retrospect, we can many times point to examples in which there had been a subsequent dip in the price of the asset in order to justify waiting rather than getting started in investing right away.

For example, sometimes we could look at an investment and we can see that it is in the midst of a "blow off" top, yet we still do not necessarily know how long the blow off top is going to continue and we also do not know whether the price is going to correct back down into the price that we currently see.. so in some sense in order to prepare for either direction, it could well be better to just get the fuck in rather than waiting around... and yeah, there may well not need to be any ball to the walls type of an approach, but still to get some stake in the game in order to be prepared for either price direction - especially since if you do not get in at all then you are ONLY prepared for one direction (which is down)...

And, so in regard towards assessing fundamentals, any of us could look at bitcoin and attempt to categorize it as merely the same or similar to other investments that are available, and surely that could well be and continue to be a mistake that many people make when they are looking at bitcoin and they are fucking around with inaccurate comparisons, so when the time comes to invest into it, they end up playing their investment card way too timidly because they have failed/refused to adequately research into figuring out what bitcoin is.

So yeah.. do what you want.. wait if you believe that is a better approach.. advise others to wait if you believe that is a better approach, and hopefully no one is going to blame you too much because you ended up spending way too many efforts timing a dip that may or may not come..

And, perhaps one of the main differences that I am attempting to emphasize on a regular basis is to make sure that you are prepared for either direction, and you do not get sufficiently/adequately prepared for up by waiting... but yeah, you can do what you want.. and wait.. and thereby have fun staying poor.

 


 



Yes.. there are a lot of ways to fuck up in bitcoin, but if you still end up mostly accumulating and holding, you still end up profiting, and surely there are many times in which I have seen people have failed/refused to invest aggressively enough and failed/refused to protect their stash enough.  I might even be a bit guilty of that myself (at least the second part) since I have lost some of my BTC towards keeping too much on exchanges, and sims attacks can be fairly brutal when they happen, even though there seems to be more awareness of sims attacks now as compared with the past, but the practice of sims attacking continues to take place a lot.. and probably is more prevalent now as compared with my early 2017 sims attack situation.


For sure, one of the problems that anyone can have is to figure out how to get bitcoin in their particular area or the various ways to get it, including potentially attempting to network with other bitcoiners who might be in their area.. and surely there are some areas in which there are not as many bitcoiners or there are not clear ways for bitcoiners to meet and to know each other in terms of having some ways to build a circular economy... so in that regard, if you new more bitcoiners as a newbie, then there could be ways to both learn directly from more experienced bitcoiners and also to perhaps even buy directly from someone you know or who you get to know in your local area.

There have always been some aspects of bitcoin that have been scary that might dissuade newbies from wanting to get involved in bitcoin and perhaps some of the more recent attacks on exchanges might cause people to worry about getting involved in bitcoin, even though maybe the better course of action still might be to get involved in bitcoin, but to figure out ways to self-store decent portions of whatever bitcoin that you end up buying.

So, yeah we are getting back to the various ways in which just getting started and getting involved is likely going to be the better of the teachers, even if many of us likely shared in our having a lot of misconceptions regarding what is bitcoin and the fact that we can buy small amounts at a time - so long as we can find someone or some entity willing to sell us bitcoin in such small increments.... and the longer that we are into bitcoin, the more we learn and likely the more that we could well end up being inspired to learn more.

Of course, people likely already have demands upon their time, so there is a certain amount of dedication that is needed when learning and getting involved in any new thing - so in that regard, there are needs for motivation to believe that it is important to learn about something like bitcoin, and frequently people might get overwhelmed because they think that it is too confusing, and so in that regard, frequently there are ways to attempt to just learn little by little and the more that we learn then the more that we are able to understand more complicated aspects of bitcoin, and there are a lot of us who have been in bitcoin for a very long time, but still we may only know certain parts of bitcoin or certain angles of bitcoin, so it is not easy to really get some comprehensive understandings of all areas of bitcoin - but we still do not need to know everything or to know all areas in order to get started buying bitcoin and to attempt to learn while investing, and even just figuring out ways to buy small amounts such as $100 per week or even $10 per week, while ongoingly setting aside some time to learn more about it at the same time while initially building a position that might be a pretty small position  and some people do not even have a lot of spare cash, so those people likely are better off by just investing small amounts as they are doing their initial learning about bitcoin.. and yeah, they may end up with regrets that they did not invest more earlier on, but that's just the way of the world.. not everything is fair, and if some of us recognize that there might be some important aspects of bitcoin that we might be missing, then we might end up getting motivated to spend more time learning about it rather than either waiting or just taking a long time to learn about it.

Just like you, I missed the dip in 2019. I don't deeply regret starting my Bitcoin investment late, but I do regret what the amount I would have invested in Bitcoin then has turned into in 2021. but due to my lack of knowledge about Bitcoin then, I started hearing about it in 2018 and 2019. But at the time, I didn't even know anything about blockchain technology; I didn't know where I could buy or sell  bitcoin because I wasn't aware of CEX, DEX, or anything like P2P. The worst thing that could happen to someone is when they are not informed or when they lack proper knowledge about something very useful. The worst of it then was that I never knew that I could buy BTC with $500–$680. All I thought was that for me to buy Bitcoin, I needed enough money that could cost 1 bitcoin. I was not aware that I could have just used the $600+ I had then to buy Bitcoin. In 2021, with BTC's new ATH, I had regrets about the 0.165 bitcoin I would have bought in January 2019 with just $600+, because the price of 1BTC was still $3,800+ then. I am not claiming to be a professional now, but with the little knowledge I have gained, I try to buy when I see an opportunity to, gladly using dollar cost averaging to accumulate gradually, no matter how small.

I would honestly rather be the person who had the opportunity to have learned, TRULY LEARNED, about Bitcoin during 2013 and bought with most of my savings just as I did during 2019. That would be for my main investment wallet placed in cold storage, never to be touched until "Bitcoin at six digits". Then I would DCA for small amounts placed in a hot wallet.

But that said, in a very long time frame, it wouldn't matter. We are not HODLing mainly because we could profit in fiat, although it's nice to see that our investment is positive.

You are likely not going to be able to completely correct your mistake of failing refusing to buy bitcoin in the upper $3ks in 2017, and likely it is not a good thing to engage in gambling and/or desperation kinds of measures to try to prove something like that to be able to "make up for your earlier mistake" which largely ends up being an oversight that lasted for several years.. perhaps 4 years before you started to reevaluate the situation, and even when you might have become more serious about bitcoin, many of us realize the old saying that time in the market is way more important than timing the market, and many of us have to go through a process of actually being in bitcoin for a while, riding the various BTC price waves, and really attempting to ongoingly practice our conviction, and surely not every person is going to practice their conviction in the same kind of ways, and some people take longer than others, and quite a few people panic along the way or get diverted into shitcoins into gambling practices or just bad overall practices that might not allow them to be their most aggressive self when it comes to BTC accumulation without going so far overboard as to end up overdoing their level of aggressiveness in such a way that it is neither no longer in line with their finances or their psychology...

so yeah, it takes time.. it takes time..

it also likely takes practice, it takes practice...

and probably it takes reevaluation and tweaking from time to time too.. a kind of ongoing studying of the space, but not so much studying that you lose sight of the prize, which has been king daddy bitcoin, continues to be king daddy bitcoin and there is no meaningful evidence to suggest that bitcoin's investment thesis is getting any weaker with the passage of time, even if its price happens to be higher now in contrast to various historical prices that it has had. and likely continues to be higher with the passage of time, even if there has been a lot of BTC price volatility along the way, and there is also no real evidence to show that BTC's volatility is going to go away anytime soon.. and perhaps not even for another decade or more.... which likely continues to justify that bitcoin continues to be a decently good investment vehicle with quite a few longer term upside especially for anyone who may well have an investment timeline of 4-10 years or longer.

I agree with you. If I talk about my past history I saw a big bearish trend in Bitcoin in 2017 which was a turning point for me but failed to capitalize on that time. I had no idea about Bitcoin at that time. As a result, I could not take any correct decision about it. $3868 seemed to me to be the biggest pessimism in Bitcoin at the time. But when I came back in 2021, my perception of Bitcoin changed. I then felt like I was one of the unlucky ones on earth who missed the opportunity to buy Bitcoin at $3868. The little bit of bitcoin I've learned to value today has always been universal to me. I now find it useful enough to control emotions. And now my highest focus is on how to correct my mistakes a little bit. At the level Bitcoin is at I may have had that opportunity come back to me when I couldn't buy. Because the probability is very high. If Bitcoin hits 1 million then my currently bought Bitcoins will be able to get me to that point. I am constantly trying to accumulate a very small amount of bitcoins on my holding.

Well, if we use your forum registration date as the time you got started in bitcoin, then surely there would have likely been quite the dilemma about what to do, when you are entering into an area in which there was a lot of disputes at that time, and also the BTC price had already run up to reach ATHs again at the beginning of the year, but there were also questions/concerns that the price was going to crash back below $500 before resuming up... so there were quite a few folks (whether newbies or not) who were either talked out of their coins or perhaps persuaded to wait... which in either case of selling at that time or waiting could have caused a certain amount of getting fucked by the then bad predominant advice.

So yeah your potentially earlier days into BTC in April 2017 could well have had provided an opportunity to get some BTC below the subsequent lowest BTC price points in 2018/2019/2020 (which would have been abilities to accumulate BTC at various price points between $1k and $3k and surely more fortunate to accumulate closer to $1k.. even though any of those prices between $1k and $3k feel pretty good right now) - even though frequently it can be hard to practically exercise such a practice to lump sum front load your investment into BTC because you may well have not had enough value available to inject into BTC and we really ONLY know from subsequent events that the BTC price did not drop back below $3,124 and surely even getting BTC below $4k after September 2017 was a pretty uncommon (infrequent) occurrence.

So in that regard, it was not always clear to know that sub $4k coins were not really going to be very easy to obtain after September 2017, and even in recent times, there had been thoughts that BTC prices were going to allow for BTC to be purchased below $4k.. yet by now, there are a lot of folks who now realize that the sub-$4k ship sailed long ago.. and any actually ability to get coins below sub $4k after September 2017 had been for ONLY short-periods of time and you better be ready, willing and able to act when such opportunities are presented to you.

There might be some truth in regards to sub-$20k having a similar kind of fate.. and so when we passed above $20k in December 2020, many of us might not have realized that the quantity of time to be able to purchase BTC below $20k was limited, and even our recent fortune to have quite a lot of opportunities to buy BTC below $20k between June 2022 and as recently as two weeks ago may well have been the end of an era... even though currently, I am not quite so confident to proclaim that the current local bottom of $15,479 is in (from November 2022), yet in 2 or 3 years, we might start to consider sub $20k prices for BTC as a similar kind of phenomena that we currently consider sub $4k BTC to be.. something that is hardly likely to happen (perhaps less than 1% odds.. which are "non-zero" odds, but not anything that any of us (who are trying to live in the real world with prudent and realistic approaches to our financial and psychological lives) should be putting any kind of serious preparations into pie in the sky events).


Exactly!  Part of the reason that I believe that it is better to mostly attempt to plan our BTC strategies around bottom price scenarios, including that I still believe that the 200-week moving average serves as a pretty strong and decent bottom indicator - even though in recent times, we spent nearly 9 months of mostly being below the 200-week moving average, which has so far been a pretty uncommon occurrence in BTC, but still way safer than planning around the top BTC prices, such as the top of the cycle that you had mentioned in late 2017/early 2018.

By the way, currently the 200-week moving average is right at about $25,427; however, when we first went below it in June 2022, it was around $22,200-ish.  https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/    So the 200-week moving average has continued to move up, but staying mostly below it for around 9 months has surely caused its upward slope to become more graduated in recent times.. but for me, it still seems to be a pretty decent ongoing bottom indicator.. even if BTC prices might still go below it again.. but still way safer in terms of financial and psychological health to plan around bottoms rather than tops.


For sure, there is going to be some individual variance in regards to what might be the better ways to attempt to deal with BTC's likely inevitable volatility - and one of the difficulties is that we know that BTC is going to be volatile even while at the same time, we cannot be completely sure which direction or how much.

So part of the problem that any newbie normie has when coming into bitcoin is to figure out how much cashflow (or capital) to initially allocate to bitcoin, and then how much to allocate on an ongoing basis, because even though most people have some abilities to figure out and calculate matters related to their own finances and psychology, there still are unknowns in regards to personal finances and psychology and then there is the additional unknown about how to treat bitcoin as compared to other investment opportunties, so in the end all of those various knowns and unknowns have to be combined in order to come up with a individually tailored strategy that allows for a certain level of comfort that is not completely vulnerable to the BTC price extremes that might come, so there can be some ways to calculate BTC's volatility in terms of projecting out various extremes and then therefore turn one of the unknowns into more of a known - even though it still can be difficult, even if any of us has already projected out what we are going to do and how we are going to go forward even if some extreme scenarios (even beyond our calculations) ends up playing out.

Some people proclaim that we need to be through one whole BTC price cycle in order to really start to become comfortable with BTC's price volatility and whatever might be our BTC accumulation/maintenance approach, but surely it is possible that some of us might need to go through a few of those cycles before becoming comfortable, even though being in profits likely helps to bring comfort, but at the same time, depending upon how old any of us might be, it can take a real long time to build up the principle in any investment, even if that investment has been largely doing better than expected (or maybe even better than other investment opportunties that seem to be available).


Hahahahaha  .. Yeah.  It is funny how even a small kind of an obstacle can keep any of us "in check" during some of the times in which we are feeling some inclinations to "take some off the table," and for sure, we can never know for sure if we made the right decision until much further down the road.. so many of us who have been in bitcoin for a while have had those kinds of moments of potential weakness.. and we can probably recognize and appreciate that those kinds of potential moments of weakness likely subside more and more the longer that we are in bitcoin because as any of us should be able to imagine that there are guys who have average costs of $1 per BTC, $10 per BTC,$100 per BTC, $1,000 per BTC, $10k per BTC, $30k per BTC, $40k per BTC, $60k per BTC, and perhaps some other variations, and many of us likely can imagine that the lower is our average cost per BTC, then the less likely that we are going to get worried about dips that come further down the road because they are likely not as significant... even if such dips might still bother us.

And the considerations of having regret and/or psychological pressures are not ONLY about the average cost per BTC, because there are some cases of guys who might have ONLY invested small amounts of value into bitcoin, and they have been worried about keeping their average price per BTC down.  Let's take the guy who bought 20 BTC in 2015 for around $300 per BTC, so he invested a total of $6k, versus the guy who might have bought BTC between 2013 and 2017 and ended up buying 200 BTC, but his costs per BTC were around $1k per BTC (3.33x higher BTC costs as compared with the one who lump summed into BTC in 2015), so he invested around $200k into BTC (about 33.3x more invested as compared with the one who lump summed into BTC in 2015). 

Which one would you rather be?  Are you concerned about how much cheaper your coins might end up being if you end up investing way less into bitcoin because you had been overly whimpy in your perspective and your BTC investment approach?  Part of my suggestion has been to DCA and continue to invest, even if continuing to invest might cause your average per BTC to go up and the amount that you invested to end up going up, yet at the same time, I understand that each of us has to come to our own conclusions regarding these kinds of matters, and we are not necessarily going to know or to recognize if our approach sufficiently paid off (with fewer regrets) than perhaps maybe something like 10, 20 or 30 years down the road, and then by then, we will not be able to go back and to change our approach.. and we can ONLY change our approach right now (that is if we need to change it)..

If we continue to attempt to learn along the way, we likely will not be able to fix all of our mistakes, but we will likely catch some of them earlier and be able to improve our approach, even though there are never really any guarantees in regards to which investments to make and then how much to allocate, and part of the mistakes that some people historically had made has been to fail/refuse to get off zero.. so even if they might not have had liked bitcoin as an investment they likely would have been better to put 1% into bitcoin rather than zero.. even though the more aggressive ones of 10% or more or even 25% or more may well have had a better risk adjusted outcome in terms of how bitcoin has ended up performing as compared to any other investments that they had made.

That's true, JJG. That's why I believe one of the things that helped me HODL, even through all of the strongest temptations and fear, is keeping my coins in cold storage through an old computer, offline. I panic during crashes and get tempted to sell. BUT starting to get my USB HD, and thinking about the process of signing the transaction, sending the transaction, removing my USB HD from my computer to the other computer, I stop myself.

It was probably just my mood.

Furthermore, if in doubt, meditate with this meme in your mind.

Correct, so I will give my self as another example. Although I heard bitcoin years ago, I was not that serious, until I join and enter in 2017. That what the year wherein we reach all time high, I was not here prior, so I said to myself this is good. And then the bear market started and most of the individuals that I might have been with that time frame could have quit their job and focus more on this market (because I remember such thread early 2018, around January when we are still in the euphoric stage, I don't know what happen to those individuals though). So if by chance I also quit my job and concentrate on trading, then it's going to be very difficult for me in 2018-2020. Luckily I didn't do that, and so we all know that 2018 was very tough for those first timers like me. But I did survived and learn a valuable lesson from it, that is, the bear market is the best time to accumulate and simply HODL on it. And so when the bear market strikes last year, the last 6 months of it I'm continuing to do DCA or shall we shall still buying as much as I can, save it and then wait for the next bull run. I know it's mentally though, but that is also a character that I developed in Bitcoin investment. You really need to focus and not to be emotional just because you see your porftolio jumping 10%-20% in a day and thinking to sell some. Wait for the right time to offload your stash to maximize your profits. So as you get t he experience, you level up and become a better investor. 

Sounds like a bot wrote that post.

Everyone and anyone should have "questions and concerns" about bitcoin, so the longer that anyone studies bitcoin, then the more likely s/he is able to understand it, and figure out the extent to which s/he wants to invest into it - including developing some strategies to accumulate bitcoin and then be able to maintain such bitcoin stash, which seems to be the premise of this thread.. Once we have already decided that it is a good idea to accumulate bitcoin and follow some kind of a bitcoin accumulation/maintenance strategy.

$28500 price of Bitcoin is definitely indicating its bullish movement and buying from this level can be a right decision. But if Bitcoin goes below $27000 there is possibility of some push back. As we saw a few days ago after hitting the $25000 price it turned lower again. However, the Bitcoin price is saving energy through a pullback before reaching new heights. This can be called a turning point.
Currently the Federal Reserve has raised rates by 25 bps despite the growing crisis in the banking sector which is positive for Bitcoin and I believe it will make a significant effect on btc movement.

there are still many who try to change the situation from bitcoin with the aim of wanting to control it but it is very difficult and impossible to do so. you are right, my friend, that even if There is want to make changes to bitcoin, is not be able to make it happen, even if force it, only able to ban it.

but it will not change the situation and nature of bitcoin and will still be able to run elsewhere and without any economic intervention and that politics.
everything will eventually stop by itself if it will still force its will on bitcoin, bitcoin will run with the existing mechanism as it is without anyone being able to impose its will.
routine things will happen and have become commonplace and are still being implemented, Buy the Dip and Hodl.

It's not easy to refrain from getting caught up with whatever the BTC price might be doing in the short-term. .and then once some seemingly extreme BTC price move happens, then get caught into a kind of thinking/believe that the short-term direction (momentum) is going to continue (and then suddenly the momentum reverses), and for sure the past several weeks have played out in see-sawing kinds of ways for bitcoin, and even if we look at the BTC price charts, there is nothing in the charts that really look very scary - except perhaps that bitcoin seems to be (at least temporarily) playing out the opposite of the various other calamities that are taking place in the overall market - and there seems to be a quite a bit of hostility being expressed towards bitcoin and maybe even some decently strong attack actions too.. but like you mention, honey badger does not seem to give too many shits, and truly if various governments (like the USA) become more and more hostile (and wanting to battle with bitcoin), then it is likely going to cause battles within the country but also likely cause some of the BTC price movements to get their initiatives from outside the USA locations, so surely there are some sayings within bitcoin that governments are not able to ban bitcoin, but instead they are able to ban themselves from bitcoin..


....and we have seen quite a few examples of governments banning themselves (and frequently certain fall out to their citizens) from bitcoin, but then they seem as if they end up having to flip-flop in terms of their banning and unbanning and then banning again and just showing that they are not really able to have as BIG of an effect on "controlling" bitcoin as they seem to be striving to accomplish - especially since BTC is an international phenomena and the word is getting out more and more that bitcoin has a potentiality (and even a likelihood) to be able to benefit everyone, and even though the "rich" can benefit too, the "rich" are likely going to have their wealth transferred away from them because they are spending too much time failing/refusing to recognize bitcoin and/or to appropriately allocate into bitcoin, which continues to create opportunities that are available to less well off (less financially rich) than other folks in the world to be able to advantage themselves by investing into bitcoin and even attempting to be prudent about their creating and following an ongoing investment into bitcoin that likely will pay off well over the longer period - even if there are continued battles and uncertainties in the shorter-term periods.

and for sure none of this UPpity is guaranteed.. but yeah we HODL and we accumulate BTC if we still have not gotten enough and especially if we are barely starting in bitcoin then we should be considering buying regularly and then maybe saving extra to buy on dips too.. and yes, none of us know how much further dips there are going to be or how much should be saved for the further dips, and that remains part of the justification to just buy regularly and be careful not to wait around too much, just in case dips do not happen and just in case such dips (if they do happen?) do not go as low as anticipated.

Neither economics nor politics can restrain Bitcoin. It wouldn't be a matter what comments or reports are given by the FED, SEC or any others organization. Bitcoin is not hostage to anyone. Bitcoin is unwavering in its goals.

Storms and winds will eventually cease but the fearless traveler will be the first to reach the destination.

"Buy the DIP, and HODL"