Topic: Buy the DIP, and HODL! - page 517. (Read 122897 times)

Your description of "holding for the long term" is still pretty whimpy bangjoe..

Think 4-10 years or longer..

And also I am not even against any plans in whihc some bitcoin are shaved off at various points along the way.. such a strategy to sell relatively small amounts of BTC on the way up is still largely holding the BTC.. especially if you have been buying on dips and accumulating..

Let's say for example, you had been in bitcoin since about early 2017 (using your forum registration date as a guideline bangjoe), and so during the past 6 years, you had been attempting to accumulate bitcoin fairly regularly, persistently and aggressively within your budget, but really your budget only had allowed you around $400 per month to spare to buy bitcoin, so in that regard, mostly you had invested around $30k over the last 4 years, and you have accumulated around 4BTC.  You are feeling pretty good about the whole matter, and maybe you had been able to increase your BTC stash in the last 9 months or so by a hole coin.. rather than maybe you had been anticipating that you were ONLY going to be able to increase by a fraction of a coin, so in that regard, you feel that you have done pretty good with the BTC's price dippenings in the past 9 months or so. 

Accordingly, you could sell some BTC on the way up at various points, and maybe you would be more justified to sell some BTC if you had spent more than your budget (such as spending $800 to $1k per month rather than your usual $400 per month). 

I am suggesting that any of us can still be in lines with the ideas of this thread by selling some relatively small portions of our bTC on the way up at various price points or perhaps after certain amounts of time have passed.. but we need to be careful in terms of any propositions that suggest that it is a good idea to be fucking around with trying to sell large portions of our BTC holdings in order to buy back more at lower prices that seems to be out of the sentiment of the kinds of ideas that we have been trying to bat around in this thread and perhaps getting into topics of trading rather than ideas that concern the values of buying the dip and holding.. which largely are intended to accumulate bitcoin along the way without having to resort to selling on the way up..


I find it difficult to attempt to project that "this is the last dip before up," because there are frequently going to be a quite a few ups and downs along the way, and sure there could be patterns of long periods of UP before down happens, and also the long periods of UP might not end up playing out like they have played out in the past.  So from my perspective, in some ways we should always be attempting to prepare ourselves both financially and psychologically for a variety of scenarios, including scenarios that may well not end up playing out... but at the same time, we should be trying to be realistic at the same time, in terms of ongoingly and persistently continuing to buy bitcoin along the way.. especially if we might consider that we do not have a lot of bitcoin in terms of where we would like to be and also it still does seem that BTC prices are in considerable dip periods of staying below the 200 week moving average for such a long period of time.. and yeah, there is no guarantee that the 200-week moving average will continue to slope upwardly, either... even though throughout bitcoin's history, the 200 week moving average has sloped upwardly.  See here.

It is true that we see a large dip before each bull market. Maybe it is the best time for the dip. In recent times, Bitcoin has risen to $25,000, but due to lack of confidence, it is reduce again. From the last day the BTC has seen major collapse. This is basically happen for a report that US manufacturing is in recession. Generally I don't think this will refer any negativity for long time. Since the positive side of BTC is high, we can see any big positive movement soon. Definitely for those who are waiting for the dip it is a good opportunity.

I'm merely illustrating that we should find Silver Linings, or positives, during those times when everything is negative, like the current market. BUT the lowest DIPs are found during bear markets, no?

The worst decision plebs like us can make is if we give up. The current bear market can't last forever, wait and see during the next halving.

I know how the market is currently unstable in the sense that anything can go down and fall even deeper, but still this is a good opportunity where we can buy bitcoin while it is still correcting but it is quite clear that this is an opportunity that must be taken advantage of as long as you believe in bitcoin.

When it goes up, it doesn't mean we have to sell at $25,000-$30,000. This is still too low, in my opinion, to take profits because this is an investment, not short-term trading until March.

From the word dips, it's clear to buy bottom holding until ATH again, it doesn't mean there is a choice when the pump comes you have to sell it too early to do if you hold bitcoin, what I understand is about a strategy of holding Bitcoin for as long as possible for the next 2-3 years future and not thinking about short-term gains.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.



Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio.  And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings.  I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.


It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.

And, yeah there are no guarantees so sometimes we can have a lot of dilemmas along the way about whether to continue to invest, how much, whether to withdraw some, and some of those decisions can make very large differences down the road, even though they might seem like minor decisions at the time that we make them, and it becomes really tempting to pull out profits when we are up 100% or even 2x or 5x, but still that might end up serving as a kind of withdrawal of too much too soon and contribute to our becoming a bitter no coiner (or a bitter low coiner).. and yeah, each of us is responsible for his/her own decisions regarding how to manage these risks and whether we might be tempted into actions that might seem good in the short term but end up reducing our investment way more than the amount that we had benefitted at the time that we withdrew some or all of our investment.

So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.

Previously thank you for giving a little advice that is quite useful. Yep, in this condition I am still very young, especially in this case, I have only been involved in bitcoin for over a year, which before I was someone who could indeed be said to be against this.
Maybe this condition can still be said to be greedy in the condition you are referring to because indeed I am still trying to add to the portfolio that I have now because I have only been using this for a while.

Well, I will try to apply this and start to understand again what you mean in terms of excess because there's really nothing wrong with doing that as long as the conditions are getting better because sometimes things like this are what we can take especially when looking at my experience and clear condition much different.
Initially, my plan was to still buy, even though it was slightly reduced when the price exceeded $ 30k, but when it comes to something that is excessive, there are conditions where we have to look at several possibilities and there are other favorable situations, so it's not wrong to review what I'm planning.

For sure, I am familiar with the idea that even within the month there could be enough "uncertainties" to cause you to have to withhold making any BTC purchases until the whole month is resolved and until your next paycheck comes in because you might not be confident that you have enough of a cushion in your cashflow reserves.  I do believe that as long as we are building our BTC holdings and also attempting to learn from our mistakes (or our stress points), then the longer that we are in bitcoin and the longer that we are striving to invest in bitcoin and to build our BTC holdings in an aggressive way, we should be able to get better and better at managing our cashflows in such a way that we lessen the stress of the "lack of reserves" in our monthly management... and sure there still might be some periods of stress and shortage, but maybe also there might be higher levels of reserves as we get more comfortable with the size of the BTC holdings that we may have had already built with the more time engaging in the practices of accumulating and building our BTC holdings.


We cannot necessarily stop newbies from having to have find their own path and to figure out whether taking risks is going to pay off for them.  Some will get lucky and most will get burnt.. but in the end, we can ONLY attempt to help as much as we might know their circumstances and as much as they might be seeking some of our input.. but if they really are not listening to us, then they have to find their own way... we likely do not know the exact details of their circumstances (including the inner working of their psychology) as much as we might think that we do, unless maybe they are a family member, but even then, there is ONLY so much that we should be trying to control the choices that they choose to make for themselves in terms of strategies, allocations and risk management.


Of course, there might be ways that we can either increase our income or cut our expenses to make ourselves more happy to be able to buy more BTC; however, at the same time, there might well be limitations regarding how much energy and efforts that we might want to put into making such changes with some considerations that some of those kinds of changes might not really be sustainable.. even though they could be something that we are willing to do for a relatively short period of time just to potentially create some additional financial and/or psychological cushion.

Indeed I sometimes never pass extra money into bitcoin I think that is considered unnecessary money that I need right so I put it in bitcoin it is much better than storing it in a place or in fiat, after many years this is of course there must be incremental start of my portfolio will be adding more regularly because it's a higher chance than the others I'd even be pretty optimistic on Bitcoin.
That's what I have to face with anxiety seeing the market go down, of course it will be a little nervous, but I try to hold it in.

This is still a consideration where when cash flow is uncertain I have to be prepared with a smaller allocation every week or maybe skip and place once a month, sometimes any costs we don't expect, for example buying needed goods, services , maintenance will also take more money, we don't expect it, so if that happens, for example, this week and the money for the allocation of bitcoins runs out, then I skip buying bitcoins in that month, but when there are problems with small fees, I always force myself to buy bitcoins, even if it's small with $10 the important thing is that the accumulation must continue at least once a month.

But beginners won't take this as a risk, maybe what they know is bullish, what the media or other people hear, but when they put all their money in bitcoin without longer learning, they will get caught up in their greed and difficulties, but that's how I understand it beginners who want to start investing in bitcoin must start small even if they don't have other assets but at least for the beginning they understand in their experience if everyone feels that they understand they can increase their value higher with the money they have.

Maybe every expense we can manage and far in advance have determined how much for one month is allocated for our needs including what you mentioned, but from all of that there must be some left over and it will be included in bitcoin as their planning for long term investment and for example if they have discipline in their finances $1000 in one month it should be enough however it should be good enough.

But everyone is different, the same as myself here, there is still an allocation for bitcoins every week or every month, I myself prefer that every week it will process faster than monthly.
Once we can still manage a good budget and don't change our attitude in our lifestyle, we can do whatever we want, including investing in bitcoin every week.

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

It's true that it's never too late to buy bitcoin, we can buy according to our target, the most important thing is to buy regularly and hold it for the long term, regardless of bitcoin going up to $24K, don't say it's too late, it's still a relationship that's still cheap for me, because this price is still far from the previous ATH price.

I am now not going to wait for any momentum while there is still one I will bet on bitcoin by DCA every week it is much better for accumulating bitcoin quickly to keep growing.

I bought again at a price of $ 23,300 yesterday, the most important thing is to be strong to HODL.

I'm trying to understand what you're trying to explain, and I think some people might agree with you, but of course not everyone agree with you. In addition, dip is not only there when it is bearish, but also when it is bullish. After all we are still in a deep downturn as bitcoin has so far been holding on to a 65% drop in price from its previous ATH.

Buying dip during bearish period may be more profitable than buying dip during bullish, and the two offer different odds of the amount of profit to be made. I could consider both, but tend to prioritize dips during bearish.

 

I'm simply the SILVER LININGer. I accept DOWNity "because Golden Opportunities", and I UPity cheer "because HODLing".

Plus I never take anything personally. I'm merely making the point of my posts very clear. It's easy to misunderstand each other's viewpoint without actually talking in person, facing each other.

About that thread, yes it's quite old and even I just found out about it. I wasn't even born then LOL.

I try to have a framework that I agree on sales, maybe something like 10%-20% on every goal that is hit. But of course, I wouldn't do it for under $70K. It will be interesting to wait for the next proof of ATH, I guess it will only be in a few years. But the idea remains the same, that's been said.

Personally, I like Risto's (user name rpietila) thread in regards to thinking about bitcoin selling (Sane and simple savings thread ), even though the thread was started more than 9 years ago, Risto turned out to be a bit of a scammer and a Monero pumper and also Risto is no longer with us (RIP).. but still in that thread (including the OP) there are some good framework ideas in regards to some ways to think about how to consider selling BTC.

True, I completely agree with your opinion.

I'll probably consider sale when I get the price up and give me a worth it return. But back to our own goal, if we want a higher return on our investment in bitcoin, then we don't have to sell all the eggs and we should have to patiently wait and hold. Also of course it's not mandatory to hold on any longer if there's something sensible in sight, I mean it's kind of a nice advantage that we might be bad to miss.

The idea at the moment is to hold and buy on dip, so we just need to maximize the chance while price are low. Of course there are many ways that we can think of, and they also think about and adapt it to their individual financial conditions.

Why you even have to be taking things so personally.. you DOWNity cheerer-er?

Of course, there are differences between various kinds of statements that could be made in regards to the bitcoin price and references to the possibility of the BTC price going down and perhaps even sometimes fine lines between various ways to make such statements, such as: 

0) I hope that the BTC price goes up, and I surely do not want it to go down.  I am not even going to think about or prepare for if the BTC price goes down.

1) if the BTC price is down, then I am going to take advantage of it, even though I don't like that the BTC price is going down,

2) well, since the BTC price is down, I am going to buy as much BTC while I can while the BTC price is down,

3) I am so glad that the BTC price is down and I hope it stays down for longer and longer so I can buy more and More and MOAR of dee cornz,

4) I sure hope that the BTC price goes down and stays down so that I can buy some more.  Really since I don't have hardly any coins, I hope that it goes down 90% more (even though it already went down 70%), so I can get started buying, and

5) I hope that the BTC price goes down so all of those BTC HODLers will learn a lesson.  I am not buying no matter what, but I still hope that the BTC price goes down.

Of course, you seem to be somewhere between 2 and 3, so I am not accusing you of being at the lower more extreme categories of 4 or 5 even though it may have sounded like I could have had been implying that you were at such more extreme levels.

By the way, you will likely notice that I added category 0 as a kind of after-thought, and each of these are sort of (on the spot) made up descriptions anyhow.

Hahaha. I'm definitely not cheering for down, I'm merely presenting a debate that the best Golden Opportunities to Buy the DIP and HODL are during bear markets. Because we can't control what happens next to the market, what we can do is look for the Silver Lining in each and every situation. The longer the bear market, the more time to find Golden Opportunities.

 

I don't disagree with anything that you are saying Ryu_Ar1, and maybe I do not know or understand enough about your own particular situation in order to know how you might be thinking about "overdoing it" as compared with my description of overdoing it.

Maybe we could use your forum registration date as a framing for when you got into bitcoin?  which is ONLY a bit more than a year... so depending on how long you have been in bitcoin, that can affect how you might consider overdoing or even how you might consider your own future investment into bitcoin based on how much you have already invested.. including that it is quite likely that a lot of newbies into bitcoin who might have started less than 2 or 3 years of investing into bitcoin might well still not be in profits, and perhaps something around $30k might be your own "break even" amount where you are no longer in the negative.  I am not sure, and I do have sympathy for anyone who might have had ONLY started investing in bitcoin in recent times, including less than 2 or 3 years and some of those people might be more in the negative than others, and likely not too many are in the black (or in profits).

So, in that sense, sometimes any of us who might have had gotten into bitcoin and still are in the negative (not in profits) might end up investing more than what we had originally planned and even causing ourselves more abilities to shave off some profits once our BTC holdings goes into profits... and surely it is not necessary to over invest into bitcoin, but when we talk about "over investment" there may well be a need to put such description into some kind of context in order to better understand that there are degrees in which overinvesting might be more rational and prudent as compared to other forms of overinvesting that might end up being gambling or putting way too much value into BTC in a kind of way that does not seem to be prudent.


That's true, we can look at what price someone might have entered, but we can also consider what were their goals, including their average cost per BTC.  You are on a similar timeline as Ryu_Ar1.. including that according to your forum registration date, you have ONLY been registered for a bit more than a year, so it is quite likely that if you entered into BTC in the last two to three years, and you have been buying BTC regularly, it could well be the case that your average cost per BTC is quite a bit higher than the current BTC price... and for sure, I have no problem to set forth some hypotheticals in order to discuss how much anyone might start out with and then consider cashflows and other kinds of assessments regarding setting goals that might end up progressing into a kind of overinvestment because of perceptions about BTC price and also considerations of how much BTC has been accumulated and including average costs per BTC.

For example, if someone comes to less than 2-3 years ago, such person might have come to bitcoin without any other investment, and started to invest $100 per week, so then there could be a question regarding whether to change such practices based on the totality of circumstances in that person's finances and psychology and also in terms perceptions of where the BTC price is and where it might go.

Maybe the situation is not different, if someone came to bitcoin less than 2-3 years ago, and if such person had invested a lump sum right away, then that is ONE thing, but many times it is difficult for normal people to invest a lump sump right away, even if they already have other investments, because people tend to be reluctant to take from their other investments in order to allocated to a new investment, so even if someone came to bitcoin less than 2-3 years ago, s/he might not have lump sum bought his/her bitcoin.. look at famous people like Michael Saylor with an average cost of BTC at $30k (even though he started in August 2020 and he even lump summed, but he continued to buy and caused his average cost per BTC to go up from $10k on his first purchase to the current average of $30k per BTC), and similar with Naibe Bukele.. with an average cost per BTC that is likely close to $40k.

Bitcoin is in dip at all time for some people because everyone started the journey in different time. Some enter at the price of 20$ while some enter the rate $60+. So from 60$+ above you can clearly see that everyone is on the bear market at all time. But it is good to purchase at this dip which is also a bull to some guys.