Topic: Buy the DIP, and HODL! - page 516. (Read 122897 times)

On the first point, buy the dip and sell is what traders often do. While in this thread someone must find a way and be consistent about his investment goals where to buy the dip and hold.

The simple thing is that the short term gains from a trade sometimes just won't be worth the risk, so the extra consideration is to buy and hold for the long term in hopes of getting a decent return. But it looks like you have understood how it works, so just implement it.

Believe it or not I had a new epiphany on this.
I didn't really understand what you meant before so I needed to digest and read many times about this because I didn't get the gist of what you meant but the more I read the more I understood what you meant.
So trying to make a new design for my plan and when compared to the previous one, even though there are some similarities when viewed from other perspectives, there are obvious differences, especially in terms of the long term.
When I talk about savings it's already true because regardless of anything it's already felt that even if it's not for the long term it continues to erode from the existing amount.
Saving is a bit good but it obviously won't change anything as long as we don't move and it's a different story when we invest because at least in this case there is more feedback that we get from there and it can also be more supportive and make my eyes open.

If you use the buy dip system, the profit will definitely be obtained but I think the goal is too simple if you have to stop and sell when the current price is still below so I think instead of having a pattern like this and regretting it when the price is high, it's better from now on not to have a lot of thoughts and just focus on the future.

Not all investors have the same time frame when it comes to sticking with their investments. Investment time frame tend to vary from investor to investor, but that shouldn't really matter as long as they're making a profit. Institutional investors may be different, they tend to get a longer time frame than personal investors.

Surviving 5 to 10 years in an investment asset that has a high risk of volatility like bitcoin probably would not be considered by all people hoping for profits between ATH. They will sell it and enjoy the profits all year round. But the principles of investors are the same, yes they tend to stay on longer time frames.

Newbies and plebs like us are worried more about price movement, than what they're buying they're money for. I too was once a newbie who believed that I could out-trade the price movements through a more active trading approach. It just made me emotionally stressed, and gave me temporary mental insanity. Currently not a newbie anymore, merely a pleb. What plebs like us should truly undertand is that, Bitcoin is a Schelling Point. Everyone who wants to invest in crypto are attracted towards Bitcoin, sooner or later.

It becomes speculation because bitcoin will be an interesting discussion when they want to know the movement but we will not see how accurate it is, about the bear market it is very natural because several factors cause the price of bitcoin to fall, for example with some FUD spread by some people, including several agencies, went bankrupt, so this triggered panic for those who were not strong.

I think an investor will not hold for a short time because the principle of an investor is a strong hand to hold bitcoin as long as possible, on the other hand the current price is still not high enough even though buying around $ 16,000 it is still too early to sell bitcoin assets, still be an investor as much as possible with the next 10 years he will definitely get everything.


This is not about trading buy low sell high, here is discussing various bitcoin accumulation strategies including cash flow management too, you can buy dip or with the DCA strategy so it's not a guarantee of a successful trader later.
This thread talks about how to hold bitcoins longer with a 5 to 10-year term.

Trending crypto market investing in Bitcoin can make some profit. And if you can get a good idea then definitely buy and hold Bitcoin. Buy bitcoins when the bitcoin market goes down and sell when the price goes up if you want to sell later. And thus you can become a successful trader in the future.

Bitcoin price is constantly being discussed and researched. Recently we have seen some light in a bearish market. While the global situation is quite bad, the effects of the economic recession have not yet subsided. At that time the bullish trend of Bitcoin naturally indicated its positive side. Bitcoin fell to $16,600 just as it was expected to be more bearish, but it has once again turn to bullish and  surged 40 percent. The macro backdrop also played a supportive role as the Federal Reserve cut its interest rate hikes this month. Currently, if an investor wants to hold Bitcoin for a short period of time, he will get the profit. But there is no need to take that kind of risks. Now if one plans to hold BTC for long term then he can reach his goal before the expected time.

Because I always have a long term view, you know my answer would always be yes, all DIPs from the current price are for buying. Plus if you're planning to put everything, don't buy with all of it in one bid. Buy with 25% of your capital, then wait for DIPs to buy more. I believe there's some probability that Bitcoin might drop back to $16,000 again this year because of Macro-Economic worries.

or maybe most of us don't value their family that much like what i do( not mentioning any name of course) but you are correct that we are being raised that family first before everything .

and also Family isn't a luck but it is built and that is what my parents keeps telling us and not that I have my own ? yes i educate my children about that.

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back to the topic , do you think that it would be the right position again to buy? will be receiving a quarterly bonus and planning to put everything in Bitcoin.

P.S . Just asking for your opinion to have extra idea  TIA .

No one knows what's a good financial/Bitcoin buying strategy for a person, except the person himself/herself. We merely  give suggestions, but it's the person who decides. I hope no one listened to many of my bad suggestions. It's very easy to be over-optimistic during the bull cycle.


It's good to have a good family. You're very VERY lucky. Your parents raised you, and your siblings, the right way. I believe many of us never had such luck.

thanks for the concern mate but now siblings and other family members are helping to keep our mother healthy meaning I am not the sole person that has obligation.
so yeah it is not best to take too much risk but this is what I choose to recover from my fast mistakes.
now I am currently holding a good chunks of Bitcoin and aiming to at least hold 2-5 bitcoin before the bull comes again.

I think after they have passed 2-3 years of course it would be better 5 years and so on.
I believe that I should be able to hold longer for bitcoins.

I know it's a good way to refer from 2017 how the consistency of buying BTC until now will pay off more, but at that time I couldn't because of erratic income so nothing was set aside for bitcoin in the past when the price was low.

But for now I'm not too aggressive in buying bitcoins because other needs are important to me so by setting aside a month it's not a lot to buy bitcoins but when there is additional income then I need to accumulate more bitcoins in that way but for every salary month I think it is quite difficult because other needs sometimes only fit the month's salary that is received.

At least I already have bitcoins that I bought some time ago and I saved them properly, there is also an additional accumulation of the results obtained maybe that is what makes the gain erratic.

Well.  This is the difficult part to assess, and so there are degrees in which any of us either might make mistakes in regards to over prudence or even selling at the wrong time versus not accumulating more BTC.

I recall that in 2014 I was mostly accumulating, even though in 2015 when BTC prices were in a better position, I was not able to accumulate as much due to cashflow issues, and surely there were some folks advising me to sell some BTC and cut my losses... So sometimes there can still be persistence to accumulate BTC with lower amounts, or what seems to be the better situation of NOT selling during that time, even if further accumulation was not possible...

These are judgement calls for sure in regards to where to spend from first, and how much investing could be afforded.. and let's say that bitterguy28 had been able to invest in 2016 and 2017 and was investing at $100 per week, but then the issue of cashflow comes along, and maybe the investment could continue but just get cut to $10 per week...

One funny (and maybe built) in difficulty with an investment like bitcoin is that it is it quite likely that cashflow issues will come at or near the bottom of the markets which tempt HODLers to sell.. and the ones who tend to do the best would likely be the ones who are able to HODL through those periods, and of course, if the sales had taken place in 2017 or perhaps early 2018, then it is not so bad to NOT be able to buy any BTC between 2018 and 2021.. but then by the time we got to 2021, the BTC prices were generally up (relatively speaking - and so far from what we can see) during that time and thereafter, until May/June 2022..

I am not going to claim to know the answers that would necessarily apply to various possible subtlties and abilities to engage in ongoing investing into BTC even if cashflows might be relatively tight because sometimes any of us could end up being in situations (and maybe for a long time) in which we are having difficulties with our cashflow and difficulties investing at times that likely would be better times to invest, and then we end up getting tempted into investing into something like BTC when the price are going up or had gone up for a while rather than when they are in the deepest of their trough, and part of our cashflow issue might have come from investing too much on the way up so we run out of cash when the BTC price comes down and when it ended up being (upon retrospect) at a better price point, relatively speaking.

It's very admirable that you gave everything to help your mother, but that's the disadvantage I was talking about in a post that was misinterpreted as "taking risks is ALWAYS bad". Under the right situation, it's actually good to take more risks, the highest risks IF you're young single, AND who has absolutely no other responsibilities but just to yourself.

I believe you should be more careful because you're responsible for your mother, and probably other siblings? Don't take too much risks.

Lol, maybe not only you but thousands of other people have also missed the same opportunity. But after that, you have to take every opportunity carefully. Plus, you shouldn't be forced to invest when you don't have a good budget, meaning you should only invest with an unused budget or long-term savings rather than a budget you still need to survive.

Just buy when you have the budget, buy and hold. But you have to be smart enough to save a budget during a difficult economic situation, and invest wisely and you have to manage it as best you can without disturbing one another's needs. Simply put, you shouldn't invest if you don't first think about your daily needs, fulfill them first and think about investing. Someone may say "let me be hungry today but I will be full tomorrow", that is not entirely accurate because the market never guarantees you a profit.

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery .

but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase .

Well, personally, I think that it is better to use some kind of an Excel spreadsheet to both show your historical building of your investment portfolio, and presumptively you have ONLY added bitcoin to it recently, and perhaps you did not have much of an investment portfolio prior to bitcoin.  I cannot remember your situation except maybe that you were asserting that you had real humble and modest amounts that you would be able to save on a regular basis.

If you think about it, there are better case scenarios in terms of how much you are able to save and also better case scenarios in terms of how your investments (BTC and perhaps other things) will perform... So you can project out worse case scenarios, medium (or more likely scenarios) and best case scenarios, and maybe the first few times that you project out all of your ideas it will be difficult and it will not make sense, but you can come back to it from time to time, and save your older versions and create new files that might branch into one direction or another while at the same time, even though you might look at both best case scenarios and worse case scenarios, you probably should be attempting to put most of your time into what you consider to be the more likely scenarios that you can also tweak from time to time because sometimes you might come across either facts or even ideas that cause your base case scenarios to be in need of corrections to make them more realistic in terms of actual facts rather than fantasies or wrong ideas.

I probably stated that when I was younger.. like when I just left home, I almost always made it a goal to save at least 10% of my income, and surely I had times in which my income was really low so 10% did not end up being very much, and then I had years that I was in college, so I had a lot of expenses, and it was a lot more difficult to save money... but anyhow, back then I did not have bitcoin, but later in life I got some better paid jobs that caused me to have an income that was way higher than what I was used to, so I was able to save way higher amounts (and kind of make up for the years that I had not been able to save as much).. In some ways I got lucky, but still I understand the idea that it is not unusual that it could take you 5-10 years or longer just to save up as much as your annual salary, and you figure that you would have to save 20% of your income to be able to get there in 5 years and 10% of your income if you were to get there in 10 years... so even if you are able to save 100% or 200% or more of your income, I doubt that your retirement plan would be to just spend the whole thing, but instead try to get to amounts in which the principle ends up being somewhere in the category of 25x the amount that you need to live on each year in order that you would merely be living off of the interest (so that is getting your principle to be 25x your annual income amount).. which is living off of something like 4% per year. Those are basic ideas about getting to a point in which you are able to live off of your investment as a kind of passive income without depleting the principle.

If you were to ONLY rely upon your saving your money and not really earning anything off of it, then likely the cost of living will continue to eat away (and deplete) your abilities to live off of interest on the amount that you are able to build up in your investment portfolio, so in some sense, the better performance of any of your investments in your portfolio, the the more likely that you would be able to reach your abilities to get to fuck you status.. which would be in the ballpark of around 25x the amount that you need to live annually. and many of us bitcoiners believe that bitcoin gives way better chances of being able to reach those kinds of numbers than various traditional investments.. None of this is easy, the obstacles are high, and part of the reason that some people resort to shitcoins or gambling and various kinds of strategies like that is because they consider that they are not able to reach the kinds of numbers  that they feel that they need to reach if they were to merely invest in bitcoin or in some other more traditional asset classes.. but personally, it seems to me that both the upside and the downside risk needs to be taken into account, and it seems to me that bitcoin continues to be one of the best asymmetric bets to the upside when accounting for all of the variables.. and at the same time, i tis true that each person has to come to their own decision-point in terms of if they believe bitcoin is a good asset in their investment portfolio and if so, then how aggressive should they be in regards to bitcoin accumulation and/or maintenance in order to hopefully get to fuck you status at some point more quickly (or even more possible) than they might be able to do with traditional investment options.

This is a fairly long-term experience and plan that I have not even thought about in that direction. and this can also be one of my other thoughts because it can be said that at this time I am still not exactly remembering my previous plans and seeing from the exposure of your experience and plans it is clear that I am still very far thinking ahead because I am still profit-oriented in this case.
Even so I will still rethink what I will do after this because it does give me other thoughts that are different from my original plan.

This definitely slapped me because even though I don't want to admit this, I still think about things like what you said.
Even though I don't always think about doubts, there is still one condition where I always think about and start to experience doubts that make me a little shaky even though I still survive until now.

What I can take in this case is to stay in a condition where we are still consistently maintaining and making our minds calm. which indeed in this case I did not do before because indeed my previous implication clearly lies in real sales and buying without thinking about conditions but on the other hand the concept is a little different from consistency.

This is another consideration that makes me have to start rethinking the system that I have in organizing and building my portfolio.

Usually when you have a business, you have to keep larger cash reserves on hand, and surely the amount of cash reserves that you will need to keep on hand will in part depend upon how reliable the cashflows of the business are..

A similar thing is true if you have family members that you need to support, the more complicated your finances, the more likely that you are going to need to keep extra levels of cash reserves available for various potential unexpected expenses.


When we are considering the possibility of cutting expenses, then surely we might want to think about whether some of our expenses have pure consumption values or if they might have a combination of consumption values and investment values or that sometimes some of our expenses might indirectly contribute towards increasing our cashflow, even though it might not be easy to measure which of the expenses are more needed or beneficial than others.... so of course, we should ONLY get caught up on one half of the ledger.. and we likely have to continue to consider both sides of the ledger.. .. and perhaps think about if we might work on some ways to increase our cashflows in order that we do not necessarily need to cut certain expenses.... Sometimes, we might end up getting so focused on one angle or another while not necessarily realizing that some of the benefits of our expenses are complicated and some of the ways that we might increase our cashflows might be within our reach, but also not very clear how to accomplish.  At the same time, there might surely be some "luxury" expenses (or even waste) that we regularly employ and we might have to exercise will power to cut those expenses, and maybe even a bit of internal discipline to be able to direct ourselves in regards to cutting some of those kinds of expenses when we acknowledge that they exist.

And that is the most important thing how we learn from the mistakes of the past it is included in the uncertainty in finance every month sometimes has to wait for salary to come again to start how to pile up bitcoin with a state of severe pressure.
It will almost not be smooth every month about any necessities but as much as possible we must be able to save so that we can become a better ownership in the BTC that has been bought so far, not about imposing but the principle of planting money at BTC is a must in the future that I am Believe as a more important asset.
Honestly, until now I am trying to be better in managing cash flows again even I study in various places how to manage good cash flows and not cause pressure because for me it is important a necessity where I have to know the procedures for managing it.

Until now, not only relying on monthly salaries, of course there must be more income as a reserve that is made for my bearings, for example in a small business that is still being carried out, sometimes in this case it cannot cover the operational costs that are carried out, this is something different where working in the office is still running while the small business is still being done even though it is different from the cash flow and expenses.

It is true that reducing expenses will make us a little more relieved because there is no bigger burden to bear each month and with the changes made, especially in management, it will be much more comfortable than thinking about our egos thinking about buying excessive goods.