Topic: Buy the DIP, and HODL! - page 517. (Read 108124 times)

indeed there will be no decline below the price you say and the possibility of it happening is very small. but the decline is only in the range of $ 1K- $ 2K each time there is an increase and then falls back. behavior that has been done several times and continuously, so it is like a short-term investment. with the current price towards the end of the year I predict that bitcoin will go down and do not give the opportunity to increase again with the surprises it often makes. next year is bitcoin to make improvements, we are waiting for the moment.

17.9 and down down down.


So buy the dip!

That seems to be exactly the point that Wind_FURY was making... There is no recommendation in this thread to sell... . buy the dip and HODL does not mean sell.. so you seem to be asking the wrong person in the wrong thread, wheelz1200, when you are asking about the very thing that is being recommended as NOT doing.


No one seems to give too many shits if you are top buying either.. especially if you HODL for a long enough term, 4 years or more than historically your BTC would have always ended up being profitable.

Sure, each of us should be attempting to buy on dips, but like dragon mentioned, sometimes you just buy at whatever price, especially if you have cash coming in and you wait and wait and the BTC price does not dip.

It is way better to be in bitcoin for a very long time so that you really do not have to feel worried about whether you may have bought some of your coins at higher prices than what you could have otherwise bought, and after a while (hopefully) you will have accumulated enough coins in order that intuitively you start to get a kind of feel for what is a "good enough" or BIG enough" dip to acquire a wee bit more.


Yes... you seem to have answered your own question... so if you sell too much too soon, then you are back to figuring out what to do, nearly as if you were a beginner bitcoin accumulator... starting over.

Agreed.  People who thought we'd top at $15k and sold off everything are hurting.  Do you buy back in or wait.  You could be top buying or possibly miss the "big run".  Never sell off all the bitcoin you have in hopes of buying back in cheaper.  Not worth the risk

This thread is still great, but also still waiting 6 weeks for a dip to buy, in order to continue hodling. Sometimes, dollar cost averaging is a needs must, when lack of tasty dip.

Acquiring or accumulation phase takes time especially if you have huge fund, you cannot just buy and use all of your funds in just 1 execution because that kind of risk management is not good or I can say not ideal . There is tranche buying in trading and we can do it accumulation phase, right now the bitcoin is currently trending and the accumulation phase already finished last months.

People have been expecting the dip for over 4 months but didnt come as they expect but I expect a dump from this pump. Maybe the pump will go on into the December festivity. The last cycle showed 4 or more correction before the parabolic. My concern is the depth of dump and time of recovery, The time of recovery will not be long because I feel the sentiment of FOMO must be maintain throughout the year to sustain fund going into the space for the parabolic.

I worry that some newbies might be discouraged by the "high price", and then buy one of the other "Bitcoins". I believe the trolls will be more aggressive in their disinformation/gaslighting campaign again.

Don't be that guy. Just gracefully disappear with your riches, and go live it up on a beach somewhere. A few guys I knew from late 2013 went that route.

The actual plebs will figure it all out in their own time. They don't call us early adopters for nothing.

If you are just getting into bitcoin, then you likely are not going to get any more opportunities to buy at $5k, and even 4 digits is appearing to be very slim odds.

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

Of course, there is value to buying on dips, as OP asserted, but there is also value in making sure that you are adequately "in" BTC too, and you are adequately prepared for UP in case UP happens..  because dips may or may not happen from whatever BTC price point that we are at.. whether we are referring to $18,4xx BTC (the current price) or anticipating some future price point in which we might be figuring out our cashflow and how we may be wanting to strategize our entry into BTC, especially if we do not have any or we feel that we don't have nearly enough BTC to be prepared for possible UP..

This is the right strategy, because dip will always have good things going forward,
especially if you bought Bitcoin when dip came at $ 5000, and now you have got 100% more profit from Bitcoin,
HOLD is not a terrible word.

2019 to 2020, "he" was the annoying pleb who kept telling everyone to "Buy the dip, and HODL" during the bear phase.

2022 to 2023, "he" will be the annoying pleb who kept telling everyone "I told you so" during the 6-digit phase.

From a psychological standpoint, I tell myself that any dip below $10,000 was "a buy". I didn't care if it was $5,000, $7,000, or $9,000. It obviously worked for me.

Although I'm not buying anymore, but if I was, it would be "any dip below $15,000 IS A BUY".

Pleb-style.

As for the retracements, I'm anticipating that the price may have rejections at the $13,850 and consolidate in that level. For me it is the ideal pullback for the bitcoin because in that area there is confluence with support and also 50% Fibonacci retracement level where it can add conviction where the price may stay above that area. The current red candle is still good for me as long as the price will not break to the new support. If the current candle manages to hold in the new support level at $15,800, then I'm expecting that there will be price surge again. I think other people prediction is not attainable because they are expecting to see pullbacks lower than $10,000. Right now, for me it is not possible because the demand is now huge.

Indeed, this seems to be the biggest issue! Too many people also wanting to buy "the bottom", as opposed to buying near the bottom... At least for those who have substantial positions from lower prices, averaging in further to raise overall average price isn't looking too off-putting right now. Looks better here than from $12K in summer imo, when it seemed that prices could go lower than $10K. Now I'm not really expecting much lower than $12K for pull-back, somewhere between $12-14K would do for me personally.

Most people are too scared to actually buy the dip (at least near the bottom) and that's the real problem.

A standard BTC pullback from $20K (~35%) gives $13K. A more extreme pullback (~42%) gives $11.5K. If $16.5K somehow holds (doesn't look too toppy to me yet) then technically $10K is still on the table, although probably not very likely.

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

$20,000 my old friend,

Please wait, your friendly pleb is waiting for another dip again before we meet again on Christmas day.

Sincerely, Pleb.

without the Fomo crypto space is not something that interesting anymore,
we know that investors and traders like in the crypto world because high volatility makes it easy for us to get more profit from stock players,
yes, one of which is the Fomo strategy, but remember don't take more risks a lot when Fomo comes

Don't laugh at them or ridicule them, you should actually thank them, because they are part of the reason why there's FOMO.