Topic: Buy the DIP, and HODL! - page 519. (Read 122897 times)

We can never know if the BTC price might dip below $20k (or even below $16k/$17k) again.  For sure, there can appear to be similarities, and if some of us did not buy when the BTC price was below $20k many times and for extended periods of time in the last 6-7 months of 2022, we might have had lost our opportunties to buy below $20k.. but then again.. none of us know... so we just have to do our best in terms of making sure that we are sufficiently prepare and we buy on dips and do not get to greedy.. and also, if we are not even sure if it is going to dip more, then just buy here and attempt to allocate how much we buy so that we are prepared in case it dips more but also to be sufficiently satisfied that we got enough and that we have done as good as we can expect to do (given our certain level of ignorance and not really knowing with any confidence) if the BTC price does not dip anymore.

Of course, those techniques of buying regularly and buying on dips have paid of tremendously in the past, but there is no guarantee that they will continue to pay off, so each of us is responsible for our own level of allocation and being sufficiently aggressive/assertive with our BTC allocation that we are going to feel that we are prepared for UP.. while at the same time, being able to accept the consequences in the event that the UP case does not end up happening.

Some people might have an overall investment portfolio in which they believe that 1% to 5% allocation to bitcoin is sufficient, and others might conclude that 5% to 15% is sufficient, others might consider 15% to 25% as sufficiently allocated to bitcoin.  And surely I am largely OK that newbies to bitcoin might determine anything between 1% and 25% as their target allocation, but I am even more accepting of the idea that individuals figure out their own situations sufficiently in order to know if some kind of target within 1% to 25% towards bitcoin is sufficiently aggressive and assertive or if some other allocation might be more fitting to their own psychological and financial circumstances....   

One of the reasons that DCA buying into BTC works, so well is that any of us can employ some kind of DCA strategy into bitcoin and including following such a DCA strategy for a decently long time while we also try to research into and to figure out our own circumstances in such a way that we are psychologically and financially comfortable.. which is not an easy process, wether you are new to bitcoin, new to investing or even if you have been in bitcoin and/or investing for a decently long period of time.. sometimes, it can take some time to figure out the extent to which an y of us is psychologically and financially comfortable and even tweak our systems based on our ongoing learning about bitcoin and learning about ourselves.

Yes, we have seen that from the start of the year, bitcoin began to slowly increase from its downturn.
gathering bit by bit with the DCA strategy and or buying when the dips happen in this cycle is the right decision so as not to be left behind and regret like I was in 2017 and in 2021 there I didn't really look at bitcoin rounds or cycles.
the case is almost the same, that was in 2019 where there was a decline, but in principle it is the same in a bearish condition and technically speaking we doubt where it will go, so for long-term investors this is the right time to do DCA.

If we observe the graph chart of bitcoin, we will not see that its price has dropped continuously, even if it falls, it also recovers the increase little by little as time goes on.

      That's why I pay attention to the majority of the community today here in this forum, they are aware to save bitcoin little by little because of the upcoming bitcoin halving after 1 year from now, it's good to save like this instead of regretting the late, right?

"In trading strategy". We're mere plebs. "Trading" will make us more susceptible to mistakes, and it might make us have less Bitcoins in our wallets instead of having more if we simply Buy the DIP, and HODL. Don't actively "trade" with your Bitcoins. You might see your own blockchain transactions, and see all of your stupid risks taken and get mad at yourself for taking them.

I DONT care that it is an alt. But I do care that you are ignoring the tax consequences of that sale.

So are you in a no tax country?

You left it out.

I am USA based that sale could cost me 33% tax about 117 means 39 in tax.

Whatever you are saying is pretty vague summonerrk in terms of what you mean by bottom, and if you had not noticed we are not fucking around with trying to figure out the top or various tops (or trading or shitcoins or tokens).. that is not the topic of this thread...

So focus, ur selfie.

Tell us what you mean by bottom.  We had more than 2 months in which the BTC price went below $20k and stayed below $20k, but then returned above $20k by early to mid-January.. so we had about a month above $20k with our recent dip down from nearly mid-$24k to mid-$21ks (about 12% in the latest dip), so I would imagine that some of the people reading this thread or otherwise involved in bitcoin or bitcoin accumulation would have been buying some BTC at prices below $20k, and perhaps others would have been holding because either they run out of money or perhaps they were waiting for lower prices, and the lowest that we had during the end of 2022 was down to mid $15ks.. and so there could have been some folks buying in this lates 12% dip too.. but we cannot really know, unless you happen to have some theory that you would like to share, summonerrk?

Another way to frame the idea of a bottom is the 200-week moving average, and surely we went below the 200-week moving average around mid-June 2022, so it is not like there was some "wow, I should buy moment" because the "wow I should buy" BTC price dynamic of being below the 200-week moving average has lasted for more than 8 months, so guys could have run out of money from that ongoing "opportunity" too... and maybe even question themselves about whether it is an "opportunity" or not...and how much they consider the last 8 months as an opportunity might also relate to aspects of their own personal circumstances, including how many BTC that they might have already accumulated in prior times and at what prices.  There are other individual factors that can be considered too, such as cashflow, other investments and some other possible considerations.

In each trading strategy there are certain segments that correspond to their own: the bottom of the price and the highest point of the token value. Ideally, you need to simultaneously judge by several time periods. It depends on the periods themselves what is the bottom and what is the top point for you. I am looking at the market chart in the period of a year and five years. I think these are great ranges to set the bottom and top.

Although there's a higher probability for an unskilled pleb in trading like me can get lucky of buying the lowest DIP during the peak/near the peak of the bear cycle, than any other market cycle. We should start asking ourselves, "Is it the peak of the bear market"? The answer depends where you find it. It's perhaps in macro-economic fundamentals, and if true, then I believe we might find another DIP = Golden Opportunity. Central Banks may have stopped tightening too early. If inflation is "HOT" again, what will they do?

No one can exactly predict the bottom, between buying the dips and DCAing both are very good method for someone who wants to accumulate some BTC on the run should start with, Even If you're someone that is timing to buy the bottom, the best method you can adopt is by buying every single dip opportunity in the market, by dividing whatever money your coming to invest into fractions,

 let's say for example your investing a thousand dollars ($1000) into Bitcoin, you can choose to be buying every dip with $50 dollars, I believe with this method you might be able to capture the Bottom, than sitting on the sideline and waiting for the bottom. because the market is not gonna tell you, hey! I'm bottoming out today. Therefore we can apply any or both methods DCAing and buying the dips, hence we will miss out waiting on the sideline.

Sure posting about bitcoin would be more on topic than mentioning a shitcoin or various shitcoins, but this thread is not about trading.. but instead attempting to explore the various ways to accumulate bitcoin without getting into trading, as salad daging also said in his post.

Sure, it is not easy to completely suggest that trading bitcoin might not be relevant to attempt to discuss within this thread because somewhat reasonable arguments could be made that it is better to trade BTC rather than to merely accumulate BTC through buying on dip and related buying techniques.

Still, shitcoin is more confusing than what is explained, this is very different from the concept of this thread, here, of course, how to explain bitcoin strategy for the long term, starting from HODL with its method, then there is also a DCA strategy with cash flow that you have to still be able to do and other types to last longer with bitcoin so basically it's not trading even though he will explain bitcoin later.

Obviously bitcoin will get more attention from everyone including investors because this is one of the assets regarding the future that is owned by them, we are here how to describe the concept of development and strategy I still continue to understand even though this is easy in other words - HODL, DCA , Dip, in the long term, from that point of view, there must be a way to do it right.

Plus from the standpoint of plebs like us, who merely get lucky because we were just in the right place, during the right time, trading profits, and trading losses, usually add to negative, OR a smaller amount of profit compared to our own projections illustrated by our own imagination/fantasies. But if we plebs truly just "get lucky", then why not Buy the DIP during a bear market, and HODL to maximize the luck.

Your explanation about trading is not wrong, but why don't you just provide an example for Bitcoin without having to show other tokens here even though it is the result of your own trading that you are running. Because I don't think everyone will care about the token that you are trading, but when you give an explanation of trading with the example of Bitcoin, I think everyone who sees your explanation will definitely take the essence of what you are explaining.

So just explain about Bitcoin so that there is more attention that you can get even though you have not been able to move on from the token that is still profitable for you at this time. And rest assured that Bitcoin can always be better than any token with the trading concept that you already understand.

Fuck shitcoins, as ajiz138 already mentioned. You are off topic in your shilling of that bullshit, and furthermore, as ajiz138 also suggested, the strategy of either buying on dips or DCAing does not apply to shitcoins because it is a different strategy involving needing to have to figure out when to get out.. that is a much different set of concerns than bitcoin including very short term concerns that likely involve considering if you might be aligned with a source of reliable pumper/dumper information or calculating the likelihood that you might get rug pulled.. which applies to all of the shitcoins whether the piece of shit that you referenced (PYR, whatever the fuck that is) or some more widely recognized and know scam smoke and mirrors premined (quantity of premine distribution unknown and obfuscated) bullshit shitcoin, such as Ethereum.. .


Exactly... there are a variety of these kinds of considerations that may even have some differing considerations depending on the extent to which you might have insider pump/dump information about such shitcoins or the extent to which you believe you have such "insider" information.. and sometimes even BIGtime players may end up getting rug pulled, perhaps the Mark Cuban example (to the extent that you can even believe that scammer) from a year or so ago, and you are not always going to know whether you are the patsy at the table or if you are the one within some kind of scam insider circle (believing that you are the shark)...

and for sure these kinds of matters are not even part of the discussion within this thread, except maybe just to point out the nature of them when they are brought up.. but within this thread we do not need to (or should not need to) go into any kinds of detail discussions regarding which shitcoin is less shitty than others or whether one shitcoin or another has better pumpamentals blah blah blah..  there are plenty of scammer threads out there (reddit/twitter/other forums), and there are even some threads (sections) within this forum that allows for discussion of various supposedly better or worse shitcoins or various ways to trade, gamble or to scheme/connive for bounties.

That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.

You want it to be a little easy? LEARN and EDUCATE yourself about Bitcoin. Its history, its philosophy, its ethos, and where its going as the next step in the evolution of money and finance. Once you truly learn and understand, then HODLing through the bearish cycles will be easier. Why? Because you know that it's, for better or worse, something the world needs or will need. It's simply Bitcoin's time, like the invention of the printing press, the telephone, the internet.

LOL.

As per the title of this topic only to discuss bitcoin not shitcoin we are here talking more bitcoin about Buy Dips, DCA or HODL and many series associated with bitcoin, even if your daily profit is high enough I don't care about that.

Everyone also knows that trading buy low sell high, but as you said what happens when the shitcoin being bought isn't pumping anymore so have to wait a bit longer? It often happens that the token always never recovers more (in fact it tends to fall) it's better on bitcoin long wait it's much better than shitcoin.

In the end it only becomes a matter of how strong we are in holding back, because regardless of anything and however the market conditions are, it is indeed a strong hand that will survive. It might be a little different if we let go when the conditions are favorable for us, but basically things like that aren't always going to be easy because we also always have conditions where the market isn't going well and panic hits so being mentally strong and trying to keep holding on is something really good.

Buy at 4.10
Sell at 4.45
Holding time for pumping= less than 5 hours
Today my trading profits $117

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.

In two years, will Bitcoin be higher than $50,000 in two years, or lower?

 

I believe it's going to be higher. The right time to buy is the price lower than $50,000.


I know you always encourage HODLing. I was merely making a point that it's currently one of those "golden opportunities" that plebs like us can start blindly buying Bitcoin, then DCA if it goes lower/crashes, and be confident that in two years, you know you will have profit if you want to sell. Golden opportunties like these are infrequent, and everyone should take it if there's extra savings available.