Topic: Buy the DIP, and HODL! - page 519. (Read 108124 times)

Less and less miner sell-pressure, because of Gray Scale's quarterly increase of whole purchases.



Have we seen the last of the dips/crashes below $10,000? I believe, "Buy every dip, and HODL", will become, "Buy NOW, and HODL".

The future of Bitcoin is still a secret, but the mass adoption is clear for Bitcoin and cryptocurrencies,
this is what makes me excited for a long-term HODL bitcoin, just like you,
2021-2023 might be the price of bitcoin to be the highest, hope can be true

Holding Bitcoin for a long time will not disappoint if we sell it when the selling price has increased. From year to year, the price of bitcoin has been getting higher since its inception in 2011, we know the price was still $31 and now we are waiting for the ATH price of bitcoin, whether it’s 2021, 2022, or 2023, who knows.

what coin are you talking about ? you better say a name because there are coins that are growing non stop like btc but there are those that already stop pumping or in short they have died already .

for the majority of crypto , saying that they start to rise now sounds bad because its like your only after on the price increase but you dont appreciate thier down side

. a true crypto believer wont think of that but they should buy and hold without questioning the coin or invest on any condition .

Happened yesterday too (or day before, can't recall well) on futures. People saw stocks being bought up at bargain prices, and they saw how Bitcoin's been correlating well, so they piled on the orders on Bitcoin futures too. And then believing that they were embarking on some kind of misled strategy.

It's okay to do that too, but important to recognise when we're acting on sentiment and emotion and not confused that this leads to a sell, for profit or loss, not for delayed gratification.

This is how new people start. Price is rising now it looks good, so let's buy more now. So called FOMO.

You should have a plan and then follow it, learn more first before acting based on emotions like this.

Read this topic in entirety and check what @Wind_FURY and @JayJuanGee are talking about, it is a chance to learn. I lurk this topic religiously and don't write, simply because I believe I have much less to write about here then I have to read about.

And just to add something, to be clear, by no means am I a measure of an kind, form or shape of anything.

Price is already starting to rise. We shouldn't sell now because price will hit a big amount very soon. So, we should buy more and hold for future profit.

This post was made years before I started buying Bitcoin, but to post something like this before 2017, he must be a crazy sonofabitch. I say that with respect and endearment.

Hal Finny,



"What dip"?

Sure, that is a fair interpretation, and you likely realize that I don't agree with that way of thinking or that approach to investing - even though of course, there are a decent number of people who think and invest like that. 

Even though I tend to advocate for some variation of my approach, I don't necessarily expect people are going to agree, and surely in the end, as long as they are accounting for a the various factors of their own circumstances, then hopefully they will learn along the way and tweak along the way, if they believe that they need to adjust their approach.


Sure.  You and I have been back and forth about this quite a bit, and I frequently proclaim that it is difficult as fuck for even expert studiers of the space and BTC price dynamics to recognize these kinds of factors, so the vast majority of folks are likely not really going to know if they are buying into selling momentum, big dips or small dips or whatever is going on.. even if they might develop hunches around such dynamics.

A vast majority of time, it seems better to establish some kind of system that allows for both buying regularly and maybe structuring various dip points that are largely comfortable and can be tweaked from time to time based on the variety of personal circumstances.



I am not saying that, either.. .but with bitcoin, you should also NOT be getting too worked up about having had bought BTC all the way from $19,666 to $11k and some of your purchased BTC happen to be in the red... In the end, who fucking cares?  You cannot necessarily know.. and after a decent amount of time investing in BTC on a regular basis, it still remains quite likely that you should be in profits with the longer passage of time... and likely in a better position than if fucking around with trying to time matters and just getting stressed out about it. 

So, ultimately a combination of both could be helpful if the person has enough cashflow.  So yeah, having $100 per week (as I mentioned in my earlier post) that is able to be invested into BTC is a decently sized cashflow that could allow for some flexibility in using some amounts to buy regularly (such as half) and the other amounts to attempt to be strategic about those buy price points.

Some people might not have $100 per week, and they might have only $10 per week.  They could still attempt to do the same thing by dividing half and half, but they may have to figure out some other method of maybe buying once a month rather than once a week.. and surely the smaller amounts allow for lower amounts of value to work with in regards to being able to lump sum invest parts of their cashflow, too.

Of course, if someone has higher amounts of cash, even $250 per week or higher amounts, then they are going to have more options, and frequently those higher cashflow folks may have better ideas about how to manage their investment, than someone who may be struggling a bit more with lower cashflows and likely getting more enticed into taking gambling approaches rather than exercising more prudent investment and portfolio management strategies that I tend to argue that dollar cost averaging tends to better facilitate more prudence rather than by trying to time the market through gambling techniques that may or may not be prudent depending on how much of a cashflow that is available to such hypothetical investor(s).


We can agree to disagree, no?  I think that in regards to bitcoin (our lil buddy) the efficiency can work itself out with a long enough investment strategy that largely just mostly engages in DCA strategies that attempt to accumulate and focus on accumulating BTC on a regular and ongoing basis.. and sure short-term it might not seem that such system has been being very efficient, but if someone ends up engaging in a longer term investment approach to BTC such as 7 years or longer, the numbers will likely start to work themselves out in favorable ways - even though with any investment, including BTC, there are no guarantees.. so in that regard, prudence in the amount may help to alleviate feelings of anxiety in regards to whether the investment in BTC is performing well or not in the shorter term.

Again, see the linked website regarding DCA into BTC over the past  7 years with a $10 per week approach that compares gold and equities.  You can adjust the timeframes and/or amounts to see how historical BTC price performance would have varied in comparison to gold and equities.


If someone has a $10k investment portfolio with $1k invested into BTC and $9k invested in various other assets, then maybe they do not need to worry very much because they have a meaningful stake in BTC.. whether it is enough to make a difference or not might be another story.. But, sure, they are already in and if they just let the market ride itself out then if they continue to buy $10 per week or whatever, may not really make a BIG difference.

If someone has zero invested BTC, then they decide to wait, that is on them.   I do not suggest waiting.  I suggest getting the fuck into bitcoin with some reasonable amount that is comfortable for the person that is 1% to 10% of their investment portfolio and then sure they can tweak according to their circumstances.  Invest for 4 years or longer, and if your time line is shorter than 4 years, then you might need to reconsider whether to invest in BTC at all or merely to adjust some of the numbers to fit your shorter time horizon which involves more gambling tendencies - and I am not in the business of recommending gambling approaches to BTC investing... but hey, that is just me.. attempting to presume a 4 year or longer investment timeline and to work from there.. and if people cannot do that, then maybe they should not be listening to what I have to say... or they can attempt to tweak what I say to their personal circumstances... adjusting various parts to attempt to make it work for their personal circumstances and that surely involved figuring out cashflow, other investments, view of bitcoin compared with other investments, risk tolerance, timeline, and time, skills and abilities to plan, learn along the way, tweak their strategies including reallocating and deciding whether or not to include trading within their portfolio management and investment approach... 

What he is saying, in my opinion, has less to do with waiting for lower prices and more to do with waiting for ideal momentum. It's not that "the dip might go deeper so you should always wait to buy lower." It's more that it's prudent to buy into weak selling momentum (indicating accumulation and expected bullish reversal) rather than simply buying at random, or buying early into a crash where you can reasonably expect lower prices in the short term.

I don't think DCA implies you shouldn't put any thought whatsoever into entries. I think both investors and traders (and everyone in between) should make some effort to avoid drawdowns. Drawdowns, especially ones that are deep and long term, can lead to bad emotional decisions and capitulation. It's also just not a very efficient use of a capital.

If you see another bubble and pop like December 2017, does it make sense to immediately buy into the market? Of course not. Your money is better off elsewhere, likely for a couple years. That doesn't mean a 5-year investment timeline won't work out just fine in terms of achieving positive ROI. But it may not be the best plan either.

Anyone getting in BTC would likely be well served by treating it as at least a 4 year investment, and even better if they have a longer investment time horizon, such as 10 to 20 years.

One of the best ways to make any investment is to employ dollar cost averaging techniques, and even if a person might be front loading the investment because they want to get at a certain target investment portfolio, such as having bitcoin serve as 1% of the value of the portfolio 10% or some other target accumulation amount.

So whoever is investing and attempting to reach target positions is mostly aiming at accumulating over a period of time, and of course, if they can buy some of their BTC at a lower price 10%, 20% or 50% lower, then they can accumulate more BTC, but with BTC we cannot be assured that any such dips are going to take place from whatever price point we happen to be at.

So, buying on dips can account for accumulating a bit more BTC over time, but sometimes, it is better just to make sure to get in and stop trying to worry whether you got 1 BTC for your $11k or you were able to get 1.3BTC because the price dropped 30%.

Another thing is that a person might come to BTC and they may or may not have any lump sums that they can necessarily sit on.

Therefore, if you know that you are earning a certain amount of money, but maybe you only have $100 per week extra that you might be able to spend on BTC.  You may decide to invest $50 every week on BTC no matter what, and then let the other $50 accumulate until you are comfortable buying on dips. 

After 6 months, maybe you have an extra $1,300 that has accumulated because you are waiting for dips that have not happened, and maybe you have to consider whether your reserves of cash are growing too big, or whether you are willing to continue to allow that fiat to accumulate and not to be invested in BTC at the current prices (or otherwise tweak you buying price points - quanties of buys or incremental buy spreads). 

There are ways to strategize and to plan out these kinds of BTC price points and amounts in ways that are comfortable for you and your particular situation and just to allocate that value to just buy at certain price points that you have decided in advance, if the BTC price were to reach those various dip price points.  Each of us have to establish those price points for ourselves, and my personal philosophy is to structure my reserve fiat so that I am able to keep buying if the BTC price keeps going down (so that I do not tend to run out of money, and if I do run out of money then I just HODL.. or wait for more cashflow to come in), so I have to project and budget how many dollars that I have to buy at various price points, and if more cash comes in, then I will divide that new cash up into portions that I buy some BTC right away and other portions that I plug into my reserves that are used to buy more BTC at various price points that I have already pre-established, and since I have come across new cash, I can either increase the amounts of BTC that I buy at each price point, or I can choose to dedicate some of that new money towards buying lower, in case that the BTC price goes to those lower prices.   

When I set my low buy points, I also have to feel comfortable enough that the BTC price may NOT necessarily go down to those price points and I need to feel comfortable with not necessarily filling those orders... and part of the way of feeling comfortable is to feel comfortable with the amount of BTC that I have been regularly accumulating and the longer that I have been accumulating the more comfortable I become with the whole BTC accumulation matter, presuming that with the longer passage of time, my BTC has increasingly built up and hopefully moved into decent amounts of overall profits (and likely the longer in, the more likely that the profits are greater - not guaranteed, of course, but has historically been the case).

Funny how many times that various posters such as Windfury and I repeat that this thread is not about buying shitcoins and it is not about attempting to time the market.

When in doubt buy bitcoin, whether it dips or NOT and of course, it is better to attempt to buy on dips, but just buying BTC on a regular basis remains better than waiting attempting to time the market and not buying enough BTC in order to feel comfortably prepared for UP.

We do all have that the same target or goal on to know on when to exit and when to get it but meaning of on determining the precise time? No one can tell and thats why its always a challenge
 for us to deal with this market due to its behavior when it comes to volatility or moving prices but somehow due to experience and knowledge we do able to create various strategies and ways
on how to deal with it.Even though it wont be precise but somehow it is much better option rather than doing blind entries or exits at all. Buy every dip isnt really suggested for alts.
I would rather consider this move in Btc and top ranking alts rather than going into the below ground.

I discovered that you need to really study a coin daily as in constantly be watching its price so you get the opportunity and determine the right time to get in and exit point. In this game, I mean buy-sell you always have an exit strategy. One day you could be up but the next following day you may hit bottom. In crypto arena trend is the key!

at this time it is very difficult to predict correctly, because it has been several months that the increase and decrease occurred very quickly and in a matter of days. so it is the right short-term investment to make and accelerate properly, when it goes down quickly buys and when it goes up sells it right away.
but the end of the year is approaching, usually it will recover steadily and will move for a long time so that long-term investment is very precise, because the predicted increase will occur in the next year.

I continue to wait for the moment when market correct a bit as this gives us an opportunity to keep buying more for less price rather than other way round which people are doing and this helps me to see some of them quickly when it rises to book short term if I require money or else it is an good long term investment for me.

Shitcoins are scams, comparable to the Tulip Mania, not Bitcoin. Bitcoin will be a decentralized protocol that will be online for multiple generations. The design-decisions made by the Core developers will make it so.

Few understand this. The community has been tricked that speed/1,000,000 transactions per second is the path to success for a decentralized protocol, but trolls will never educate you of the costs.

This thread is not referring to "crypto" generally, so it would be erroneous to presume that buying dips applies to any shitcoins because you need to be able to have confidence that the various shitcoins are going to go up at some point, and the mere fact that they went down does not mean that they are going to go up, even if bitcoin goes up.

In other words, buying on dips only applies to bitcoin.. fuck that other shit.. and fuck the mindset of believing than shitcoins (altcoins as you refer to them) have any kind of parallel to bitcoin, even if they are wanting to suck off the tit of bitcoin for as long as they can.

Exactly what I've been experienced since 2017. Imagine how many people are as yet holding from 2017, the majority of the alt coins from 2017 either don't exist any longer or they are down 90% or 99% so because they have a bad strategy. Everything will go up again things just apply to altcoins with use case.

We have to get familiar with the market so we realize that when to purchase and sell. Overall, Its called market cycles and corrections after a push.

Some of the people who are reading the topic are posting that they don't know which dips to buy. This is NOT investment advice, I'm only an ordinary pleb, BUT