Topic: Buy the DIP, and HODL! - page 522. (Read 122897 times)

You may need to look at the title of this thread Buy the DIP, and HOLD, I think that's enough to make you understand that the discussion here is about buying Bitcoin advice and holding it for the long term.

I think it is the right of each person to take advantage or not in certain market situations. I think people who keep their bitcoins for the long term cannot be interpreted as greedy, because basically everyone has different goals and intentions in purchasing Bitcoins as to save their money's worth, security for old age and others. This depends on each target in buying bitcoin and we only share their mindset and views, the rest is your own personal decision.
I personally hold bitcoin for my future, not to eat tomorrow (am I a greedy person?).

Well let him be with all his doubts at this time because this will only make us lose if we are really affected by something like this.
Keep our minds healthy no matter what happens because selling at a loss is not something that has to be done especially with the current conditions.
btw I have pretty good pictures for the depiction which I think is pretty good at the moment.



Isn't that back to self-choice.
In the end it is us who decide whether we are still able to be here or not. Many people always suggest buying and investing with cold money, which means that the money is not used for a certain period of time so that we are more comfortable without thinking about future conditions.
As for in the end, you are not too able to hold it, so let it go with a note, don't when you are bearish and in a loss situation, because what are you releasing your bitcoins for when you are experiencing a loss. wouldn't it just be a waste of your holding up to this day if in the end it is sold for a loss.

I do encourage people who is financially buoyant to purchase Bitcoin when the price is low. So therefore during the time of bitcoin increment someone who invested with small amount will have a substantial profit via the investment. But many people does not invest in Bitcoin when it happens to experience a bearish market. Bitcoin investors happened to make profit during the period of having or experiencing a bearish market. So in summary it's good to purchase Bitcoin during the dip and save for long term investment against bullish market or season.

I think in this condition suggestions are still suggestions and we don't have to arrange for other people to do that but can still suggest.
As for what they do, whether they actually buy or not is their business, the most important thing is that we have already told you that buying bitcoins and holding them at the moment is a good condition.
Even if they do in the end they will sell with a smaller profit in the end it returns to themselves but for advice in this case do it for the long term so that we get better results of course.

Though this thread is not about trading but the statement of this thread encourage people for buying and holding Bitcoin. But in real life (everyone situation/condition), is it really possible for everyone? I don't think so and in my opinion, it is good decision to close entry after getting a enough ROI. Price of Bitcoin isn't below $10 that we will buy a lot of Bitcoin and hold for many days. Greedy people don't think about market condition and they want huge profit at a time. We know that "for a greedy man even his tomb is too small".

So Wind_FURY, I imagine that you picked up BTC at sub $24k and then you picked up more at sub $20k and then you picked up more BTC at sub $17k, and so now, you are wanting to hold onto some of your cash, just in case we have more dip opportunities later in the year.

I don't really have any problem with that mindset for someone like you who has already been stacking since 2016.. and there may be BIGGER dilemmas for folks who started stacking after November 2020-ish.. so they have not had as many opportunties to stack, and likely the BTC price is still way below their average cost per BTC, that is if they have been stacking for the last 2 years or perhaps a bit longer than that.

I am not going to proclaim to know any kind of exact answer, but there could be some ways to attempt to both prepare for the dip, but also prepare in case no significant dip actually ends up happening... even with our latest UPpity BTC price move, we are still around 13% below the 200-week moving average... which are historically low prices in terms of that particular indicator.. and yeah, macro circumstances has issues, but there might be questions regarding the price performance of BTC relative to various macro factors.. and we could continue to either get sideways or even trickling upwards while macro circumstances might continue to flounder, and I have never been too much of a fan for claims that BTC is correlated to macrofactors, even though surely liquidity issues overall do have effects on BTC prices, but not necessarily completely in ways that might be expected if you are taking into account the view of mainstream gurus who likely do not really appreciate various aspects of BTC.. and also think that BTC can be controlled.. which may well end up blowing up on them at various points, even if it ends up that bitcoin moves sideways rather than UP (or down).

I'm not very sure about this post, but I believe we might be starting to be in the part of the bear cycle when it's time to BUY EVERY DIP, and HODL. Although, I'm not very confident because of Macro Economic considerations, like Deflation, which could be coming between the start of the second half of 2023 and the end of 2023. But whatever path you decide to take in your current Bitcoin journey, DON'T BE HIM!



 

Of course, people have the right to fuck around with trading, but this thread is not about trading, and I doubt that it is a great idea to implement any kind of meaningful shaving off of profits until BTC HODLers are sufficiently in profits.. such as multiples of times in profits.. so if you have a pretty low cost basis, you have quite a bit of flexibility to do whatever you want, including selling small amounts of BTC at any price if you want... However, at the same time, even with our 27% or so bounce up from $16,500-ish to $21k-ish, with prices currently bouncing around in the middle of the $20,xxx we are still in the ballpark of 17% below the 200-week moving average ((which is at about $24,500-ish), and the 200-week moving average is an ongoing historical bottom range that we have rarely gone below in bitcoin's history.

Sure anything can happen, so people have to figure out how they feel about their own level of exposure and how much they are financially and psychologically prepared for either price direction.

So yeah I agree continue to buy here.. but yeah I tend to recommend buying on the way down rather than on the way up.. so if anyone is in profits and feel that they want to shave a bit of profits as the price goes up, perhaps they would ONLY be shaving less than 1% for every 10% of the price.. and I don't even recommend those kinds of sales when we are at these levels, but I know sometimes people have over exposed themselves, so they do need to figure out ways to make sure that they continue to be prepared for either price direction. 

The main points of this thread is buy and hold if you run out of money, and so I would suggest any sales to be very small.. and only to the extent absolutely necessary or that generally portfolios are in profits... I do not recommend sales as a way to buy more bitcoin, but I do recommend sales as insurance and/or self preservation when profits are already great and/or that someone has overexposed themselves...

Looks like those who bought Bitcoin at under $16k can already smile tonight. The boredom of seeing the price of Bitcoin filled with blood every day is now starting to flourish in the greenery of the market.
I think that's how important it is to buy at the bottom and HODL, but this is still the beginning of an increase, there are still many issues circulating among analysts, they say that we haven't reached the bottom point yet, therefore DCA is still highly recommended to be careful.

If you want to take profit tonight feel free, but I think it's better to keep holding on and keep accumulating until a new ATH is created to get a higher sense of satisfaction and profit.

Of course, I agree with this part, and it seems to me that if I had not invested in bitcoin, and if I were currently new to bitcoin, even if I were to try to be as aggressive as I would be able to be (without being overly aggressive or gambling), the most that I probably accumulate (even if I were to be lucky) would be around 5% of my current bitcoin holdings.  It would just be impossible to achieve much more than that.

So in that regard anyone who tries to be aggressive in accumulating bitcoin today will not be able to catch up to the similarly situated aggressive person from 8 years ago.. and the same is likely to be true for the future person in 8 years having almost no chance in hell to reach an equally aggressive person from today.

No guarantees but that seems to be the ongoing likely direction.


I am not really opposed to your describing investing into bitcoin as "diversifying" into bitcoin, and I suppose the idea of "diversifying" into bitcoin would largely apply to someone who has already decently established a good sized investment portfolio and is in a position to consider adding some other assets.

I understand also that there are various stages in which someone might either be new to investing or even down the road of investing into some other assets, such as building a 401k portfolio through work or maybe considering payments into property as a kind of investment, and either re-routing investments or taking away from one investment in order to add bitcoin into the mix might be difficult for some of these people who have the other options but ONLY have so much cashflow that they are able to work with.

In my own history, I would frequently try to invest at least 10% of my income into something.. anything, and I had periods in which I was investing close to 40% of my income - yet I can still appreciate that sometimes it can be difficult to add any new assets to an already existing plan in which allocations of money going into those investments has already been established.

Sometimes if  people are new to investing, they might feel that they are having some troubles deciding which investments might be available to them including that they might not even have a 401k as an option and they might consider that they have to build up to a certain amount of value before they are even able to invest into property.. so for those kinds of people spending several years investing into bitcoin may work out well for them, and they might end up ONLY having bitcoin as their only investment (besides maintaining and perhaps building some cash as emergency funds and to cover fluctuating ongoing monthly expenses and maybe even projecting out having reserves for 6 months or longer).

So, I guess my point about whether there is diversification going on or not will likely vary depending on how long anyone newly coming into bitcoin or considering coming into bitcoin would consider their approach towards investing into it.

Set a grid range 1-21.000.000 pr. USD and harvest the fee's.

You mingle the numbers till it makes sense. Full grid on.

There is always an increase in the price of every Bearis cycle every 4 years which makes it more difficult for people to collect Bitcoin because the prices are increasing as well as the lowest point, even in a Bearish state, as you said the target for collecting Bitcoin is decreasing (100-21-3) This target shows the proof.
I think we should not be oriented towards owning hundreds of BTC, owning 0.5 Bitcoins as you said is most likely to become a millionaire in the future.

Our words may sound like Bitcoin sellers but who am I for bitcoin, without us Bitcoin will fly by itself. Basically, we're just trying to share what we've been through with Bitcoin and say that diversifying investments in bitcoin is highly recommended, especially if it's in Hodl for the long term because historical evidence shows that more and more people are adopting bitcoin and the price is getting higher.

If you already have a BTC wallet, then that's enough even though it's only a piece of BTC but with future investments you have to be able to balance it and with $10 per week or according to the needs that are qualified they are good because we have started to think about the cash flow that must meet our needs while it is more important for the journey of life.

That's how aggressive they are with the BTC they put in, $10/$ 15 is normal, anyone might be able to put it in BTC but if it's over $ 100 it's really hard, however the needs won't match our investment expectations, I know this is better for accumulate bitcoins but there will be more suffering if more dollars are put into bitcoin with that we have to be reasonable and calculate in detail even if it is $10/$ 15 but it still goes on weekly it is certain that bitcoins will accumulate even though the time period is long.
I don't want to weigh it down but as long as $10/$15 there are no distractions it's definitely better.

I personally do not recommend loans, while investments will not produce faster, but loans will generate greater interest if not paid, so obviously I personally avoid this because I don't want to mix investments with loans.
I avoid things like this.

All decisions are up to each individual, I do not mean to force people to get involved in investing, but I just want to make it clear that right now bitcoin is the best investment ever. Pushing and forcing have different meanings, I just want to engage in the sense of pushing.

If there are a thousand reasons people don't know bitcoin in depth. That is a classic reason and irrelevant to existing technological developments, only three people don't want to be involved in bitcoin investment?

• Refused to accept bitcoins (hated it)

• Do not have the capital to run

• There is no technology as a support where he lives

For the rest, there is no other reason that can be accepted by common sense, because everyone has realized that bitcoin is an investment that is able to maintain value in the long term.

Even if your intentions are quite good in this regard, I don't think it's necessary to force it to encourage many people to enter into this matter, especially if the conditions seem to be forced, I don't think it's very good in the end.
It would be great if more people were in bitcoin because of course it could lead to more adoption and conditions would be better than before but I don't think the interest in bitcoin can be forced by anyone. Because in my opinion this condition must be based on self-will so that when it happens they will explore more and find out the ins and outs of this both from the conditions and the consequences they will get later.

I just want to encourage many people to put the money they have in promising investments, rather than using money only to meet prestige needs. Bitcoin has shown us all, that at the moment it is the best investment capable of keeping value in the future, there is a bullish trend on the way this year, given the approaching four-year cycle.

Keep buying and holding until the time comes for a suitable return, as bitcoin is approaching the halving and will be in a recovery phase.

The accumulation of buying bitcoins by holding reserve money is very important to adjust, you have to set up funds for health, children's education and other needs that are roughly needed. The percentage that can be invested is 70% in bitcoin and 30% is held to meet the needs I mentioned above, so that when there is an urgent need we don't need to sell bitcoin.

The bitcoin cycle is real because we have seen this on its way and that's why we need reserve money to hold, because when there is an urgent need and market conditions are bearish, we don't need to sell bitcoins to cover the need.

Yeah, but if you were to be brand new to bitcoin, and you have figured out that you have a cashflow in which you can ONLY afford to invest $10 per week into bitcoin, you should not be rushing (or front loading) your investment into BTC in such a way that you are going to end up fucking yourself because you have over-invested into bitcoin and failed/refused to adequately cover your living expenses.  That would be called gambling rather than investing.

Yes, I have no problem with anyone (including investing newbies) trying to be as aggressive as we can afford to be and maybe even stretching our budgets to buy $15 per week when we might be more comfortable with $10 per week, but at the same time, stretching to spend $100 per week may well be unreasonable for anyone who has already figured out that the most aggressive that s/he can afford to be is $15 per week.. and that even $15 per week may well be "pushing it" but determined to be a reasonable level of "overly" aggressiveness.

Each person has to attempt to figure out his/her own situation and to figure out if there are ways that s/he can reasonably and prudently increase cashflow or reduce expenses or even if s/he believes that it might be prudent to take out a loan or whatever s/he believes is reasonably within his/her means in order to balance investing in bitcoin while making sure that s/he is not devolving his/her strategies into taking too many risks and/or devolving into gambling.


That sounds right, and also sometimes any of us might employ a bitcoin accumulation strategy that involves making reassessments once a quarter or however frequently that we might believe is necessary in order that we might feel that we are being adequately and sufficiently aggressive without being overly aggressive.

Sometimes when we are in early stages of establishing and building an investment portfolio, there might be needs to engage in a lot more monitoring of our progress and repetitive analyzing to make sure that we have figured out our comfort level, and maybe after a few years we are able to relax a lot more because we start to see that our hard work from prior years is starting to pay off... even though we realize that there are not any guarantees and we realize that it can take a while before we get into a comfortable position.. including that sometimes it could take 10-15 years before we start to feel comfortable, and other people are able to establish systems in which they start to be comfortable in a much shorter time-period.. maybe even in less than a year, they start to feel that they are comfortably on the right track and they can relax some of their earlier levels of "intensity."

0.1 BTC = $ 1690 is still quite low for the current price of bitcoin but for new investors this is clearly still affordable for them to have in the next few years (5-10 years) maybe the value is not $ 1690 anymore even higher to be priced at market, I feel the time is right to own 0.1 BTC now!

Our goal is definitely the same as having as much BTC as possible, it's just that if you already have 0.1 BTC, don't stress because you buy due to pressure again, what is clear is that with an asset of 0.1 BTC, it will be better if you can accumulate it again in stages.

But still, an emergency fund must be there when we need it, so we don't need to sell bitcoins that have been purchased so far, so it's a shame if you have bad luck like that, it doesn't matter if you encourage investment as much as possible, but don't sacrifice all the money for bitcoin while emergency funds are left alone, this is important in my opinion because after all, over the course of many years we will definitely need urgent funds that will never know when to need them, so it doesn't interfere with assets in bitcoin, so I really don't recommend forcing it because of ambition have a lot of bitcoins.

We already know that bitcoin has a long cycle, it is very likely that it will go from bearish to the next bullish trend and halving is a factor that many are waiting for because moments like this they consider as the start of bullish coming even though we cannot say for sure, but I am optimistic that I believe it .

The market trend will definitely turn bullish in the future, historical factors have proven it that after the 2018 crypto market there was a lowest decline phase and then May 2019 turned bullish until it reached a new ATH, so the market cycle is believed to be repeated again this year, so take advantage this moment to increase investment from reserve fund for high profit in bullish moment, I will increase fund allocation for investment and must have more btc at price below $20k.

It's fine if you want to encourage investment rather than spending a lot of money on something you don't really need just out of prestige.
I can truly say this because it is clear that investing is a way that can be leveraged to generate profits in the future. At this time, we all really expect this market trend to change from bearish to bullish, halving is one of the supporting factors but of course other things also play a role.

Again, Buy & Hold - there is a good hope for a bright future.