Topic: Buy the DIP, and HODL! - page 523. (Read 122897 times)

That's a scheme that people always run in implementing bitcoin investment in the long term and that's why BUY/HOLD is a word we often hear.

This hope is realistic, because bitcoin is a fairly promising asset and bitcoin can maintain the value of the investment we make, it's time to collect bitcoin slowly and adjust to a certain pattern to take advantage of the capital we have. For me, it's too pushy so I don't have spare money for other purposes, that's also not a solution in investing.

And yes. We must prepare a solid foundation in building a house and a direct connection with investment is in a position of strength in holding the bitcoins that we have. That's why we need a strategy in implementing investments and we are required to be consistent with what we are doing, so that the final results we receive will be maximized.

And I am also willing to agree with this, because indeed the investment is carried out in stages and adjusted, but what is more important is to do it consistently in collecting it.

Otherwise, a single piece of bitcoin would not be able to carry humans like JayJuanGee said.

Yes... 0.1 BTC should be a very reachable goal.. even for a brand new bitcoiner.

Surely over the years many of us have proclaimed that it should be a goal to try to attain as many bitcoin as you are able to without overly extending yourself or to put yourself into stress.

So I recall that in the 2013 to 2016 time frame, a common goal seemed to be to attempt to try to accumulate something like 100 or more bitcoins.

It seems that the 2017 to 2020 time frame, a common goal was to attempt to try to accumulate something like 21 or more bitcoins.

Maybe the 2021 to 2024 time frame, a common goal will be to attempt to try to accumulate more than 1 bitcoins... and of course, some people might not be able to reach more than 1 bitcoin in their accumulation, so they accumulate as much as they can, and even the actual accumulation of 0.1 BTC will provide a lot of prosperity in the future, and surely if any of us has amounts of bitcoin that are between 0.1 BTC and 1 BTC, then the amounts above 0.1BTC may well end up being cushion.. or perhaps being a USD millionaire in terms of bitcoin might not be enough in 5-10 years, and therefore it is better to have a cushion and if we are able to accumulate more than 0.5 BTC, then we may well end up having more than 5 million in USD value in terms of our bitcoin holdings, and perhaps that might be sufficiently and adequately enough for a lot of us to live a quite great life down the road.. 5-10 years down the road or maybe our targeted timeline might be further out than 10 years?

YES

Assume that what is Bold is omitted, BUY/HODL is what people often say to keep their BITCOIN from being sold.

The common man is waiting for the halving and after that event will make bitcoin to ATH again and in 2021 what about ATH bitcoin to $69k? For the next $100k we expect something bigger than before, and yes we should be able to accumulate as many bitcoins as possible from now on!
ATH is definitely happening again!

We have to learn from that basis, however the foundation is a strong prisoner so that the position of the house remains firm, even then the word "heap" in bitcoin reminds me to stay in a strong position after we buy.

Remember a piece of bitcoin will make the value bigger.
I agree with this word.

Say it's true 😁!!!

From the start I often said that investment plans need to be matured strategy, this serves to get the certainty step to do enough HOLD and I think strategy placement is very important every step of the investment that we do.

Given this is a speculative asset and needing to understand cyclical conditions to get involved in it, many mistakes people make by cutting losses are due to panic and not knowing bitcoin's phase of correction.

If you are someone who is a big believer in bitcoin then there is no need to identify a dips but all you need to think about is how to enter the market and collect some bitcoins in case of a dips.

There is a conditioning in this phase I think, where the price of bitcoin tends to stay around $ 16K in the past few weeks and that's why I assume bitcoin is in a sideways phase. Opportunities to buy are actually very open during conditions like this, because bitcoin will experience a gradual recovery for the next few months.

If this assumption is correct and the linkage of the bitcoin cycle goes according to it, then the opportunity to gain profits in collecting bitcoin at this time will provide maximum results and even if the cycle shifts we can still hold on and wait for the recovery to arrive.

We have big dreams about the bitcoin journey, not because of the amount of investment we have, but because our previous involvement has provided a big picture regarding future investments that are more relevant.

Psychological and financial preparation is a readiness that we have set when investing in bitcoin and I think almost all forms of investment involve these two points. Mathematically, we have been involved in any conditions in bitcoin, this is what makes us mature in responding to ongoing market conditions.

Buy and HOLD Bitcoin, we're going to the moon!!!

Enter into a state of strategy right???

Does Buy and HOLD fall into two syllables, if and we put that aside 😁

And I often listen to halvings when people are mining. But another important point is to collect as many bitcoins as possible and wait for the next ATH.

The words heaps remind me of building the foundation of a house and that's why the foundation is the most important part of building a house.

THE RELATIONSHIP is

If we manage to hoard bitcoins, then the biggest opportunity will be Billionaires

The syllables are only reinforcement but we must be able to plan well in 2023.

January - December is a long time to be able to take advantage of the plan to hoard as much bitcoin as possible this year you don't need to worry about bitcoin recovering this year but what is clear is that after the bitcoin halving there are always good plans for ATH again, think about buying and HOLD, when there is capital I lump-sump again.

It was even recorded that in 2022 I did a lump-sump of 16x , ohh I will focus on this in 2023.



If the picture says stacking bitcoins under $1 million, then my biggest achievement is piling up bitcoins under as low a price as possible!!!

I agree with everything you say fzkto, and sure anything is possible, even for BTC prices to drop "by half" from here ($7k to $8k)... but you also should be considering where we are at, too... and how the prices are so low historically that it should seem a bit crazy to be giving very much weight to the price falling by half.. even though it is possible and even though anything is possible.

By the way, no coiners and low coiners frequently have those kinds of dreams and/or talking points about the BTC price dropping further when it is at the bottom, and then they end up inadequately preparing for UP.. which ends up contributing to both their bitterness and their experiencing ongoing inabilities to becoming a coiner rather than sometimes just staying a bitter nocoiner.  hahahahaha We have seen a lot of those folks... so I have no problem in terms of making sure that we are psychologically and financially prepared for down and even extreme down, but we better be prepared for UP, too...   Some people have difficulties figuring out how it is even possible to prepare for either direction (and both directions) at the same time... and it is possible.. what's your balance?  what's your balance?  Each of us should be able to figure out those balancing points, even though it is likely not easy, but with practice, there are ways to make the practice of assessing and employing balancing points easier and easier.

So far, it is not clear that the market is entering a sideways phase. But I agree with you that now is a good opportunity to buy cheap bitcoin. Even if the price falls even lower, for example by half, it will be an even better opportunity to buy more bitcoins. It's still a year and a half away from halving. Until that time, you need to accumulate as many coins as possible.

It's actually three syllables.

But that's not important. What's very important is currently to have an investment plan from January to December of 2023, and be sure that you have enough Bitcoin HODLed before the next halving. It's also not important what kind of investment strategy we plebs want to use, what's important is PLEBS BUY and front-run the billionaires before the next bull cycle. DCA, Buy the DIP, Buy on Strength, WHATEVER! JUST BUY AND DO NOT BUY THIS GUY!




Big believer, or not, as a pleb like me, if you want good profit you should, Buy the DIP, and HODL.

Buy and HOLD...!!!
Two syllables that we often hear in investment advice in bitcoin, scientifically people think so because bitcoin is the best investment at the moment, besides that bitcoin is also the best asset in the long term for us to save. We also have to pay attention to a few things, buy when there is a decline and don't panic when the market experiences a fairly severe correction, the current bitcoin period is entering a sideway cycle, meaning that the resistance point is still there.

If you are someone who is a big believer in bitcoin then there is no need to identify a dips but all you need to think about is how to enter the market and collect some bitcoins in case of a dips.

Well it's not supposed to do DCA all the time but there is a time to buy with a little bigger capital after I thought this was still an opportunity while it was still bearish, but at the end of 2023 I got a bonus in a company and closed the book in my business of course that's all It has been calculated and I did a lump-sum on January 1st around $ 1,500 but for DCA it can still be considered moving forward I don't this is more chaotic because the capital is spent on a lump-sum of around 50% but it's all good enough after I saw the record in 2022.

I think in 2023 we will not miss continuous buying because this is still in a fairly long bearish phase, even though there has been much speculation that recovery will still be quite difficult in my view and indeed the target this year is not to release bitcoin.

Of course, there is no problem with front loading your buys into bitcoin based on the speculation that BTC price has bottomed, so buying on dips and lump sum investing include those kinds of calculations.

It also makes a difference if you have already gotten a decent sized bitcoin stash (in accordance with your own circumstances) or if you are still pretty new to bitcoin and you are establishing your initial bitcoin investment stash.

Let's take an example of a person who might have something like a $50k total investment portfolio, and s/he has an income of $40k per year, so maybe this hypothetical person has been investing several years already, and at this time, she has $6k in cash, and $6k in extra income that will be coming in over that next 6 months to be invested.  S/he can decide to invest all of the $6k and s/he can even invest the cashflow before it comes in, and so in that regard, there are always going to be degrees in which anyone might want to front run their investment into bitcoin or if s/he we wants to divide into the three categories of lump sum investing (buying right away) or buying on dips and DCA over the next 6 months or whatever target period of time that might be considered.

Another consideration might be what is the allocation that is wanted to be made towards bitcoin?  would it be somewhere between 1% ($500) and 25% ($12,500) or would it be some other amount?  Has such hypothetical person already achieved his/her target allocation into bitcoin or does s/he want to work towards reaching such target allocation over the next several months or even stretching out the goal of reaching the target allocation over the coming year or two.  Maybe such person can project that s/he has $6k in cash, expects $6k investment cash over the next 12 months.. but then maybe there could be similar amounts of new cash that is expected over the whole year, or there might be some uncertainties regarding cashflow and won't really know until after the cashflow comes in but the extra cashflow is likely to between $500 to $2k per month.. and so in that sense, s/he might have to project with the more conservative amount of $500 extra cashflow per month, and if more cash comes in, then at that point, that money could be invested into bitcoin or at least plugged into the cash available for investing into bitcoin.

So, by the end of the year, the investment portfolio could be projected as ending up being anywhere between $62k ($50k + $12k) and $74k ($50k + $24k) - and then of course, portions of the investment portfolio can increase or decrease in size depending on price performance of the various asset allocations within the investment portfolio.

It seems to me that expectation of price performance of bitcoin or any other asset class that is held or is being considered for investment is ONLY a part of the considerations

Most of us probably said it already, but the level of difficulty will vary. DCA is just one strategy that you can apply both in the short and long term, but if you believe now is the right time to buy everything then what's wrong with doing it.

After all, it's not mandatory to do DCA all the time if in fact you have seen the bearish cycle is over where the bullish cycle has started. I don't care how much DCA I have done, but if the market has been looking bullish then I think I just need to spend all my capital in one buy ''lump sum". But for now, you can still consider DCA considering that the market is still in a bearish state, at least it's safe to spend 50% of your capital on every dip.

Buying at a low price and selling at a high price is a very common part of trading, it's not wrong to do something like that now because the price of Bitcoin itself has not increased. And that's not all that can be done now, but buying Bitcoin and then keeping it as a future investment is also very suitable now. I don't think that Bitcoin is being manipulated by a group of people now even though the price is still low, but basically Bitcoin is still good to buy and use in terms of investing or trading.

Yes, that's right, DCA is the most appropriate strategy for my current investment strategy. for me the DCA method is indeed the coolest for long term investment, and the capital is only patient. while waiting for the right moment to take advantage.

That argument isn't wrong, but that doesn't mean bitcoin, going through bad things, won't suddenly bounce back. After all, the price of bitcoin is being manipulated, not following any rules, supply and demand do not determine the movement of bitcoin. Bitcoin investment is very simple, if the price is low, then buy and wait for the price to go up and then sell, there is no accurate price prediction model, don't wait but buy when the price is low.

I always liked that quote because I think its entirely relevant to the current situation and forthcoming.  We will have greater volatility basically, when they dismiss BTC as never facing hard money I see their point but its also true in the current situation that QE debt cannot withstand that hard money scenario and so it is never likely to occur willingly.  The 1980's peak interest rate scenario reflected in a long term chart such as ^TNX   10 year treasury yields or similar is not going to repeat right now, it would be terminal for entities outside of BTC.    What is far more likely to occur is contained in the foresight of that quote and knowledge of Thomas Jefferson, I dont know the full thought process but gigantic upheaval isnt a new dynamic.  What would happen is the poorest people, those who hold only cash will be crushed, banks or whatever modern equivalent with many assets will profit far more from the destruction of common currency and various negatives they could trade that landscape where as the common worker is likely to suffer most of all.

We wont get proper QT, we'll get a Richter scale extreme of giant peaks and dips far more likely.

I have been reading some posts that, "Bitcoin has never experienced a real Economic Crisis/Tightening", and that the bottom could be lower than expected. I accept that that argument has a point, BUT I will tell you what also has a point. If the Financial Tightening could make Bitcoin fall lower than unexpected, THEN Quantitative Easing could also make Bitcoin surge stronger and higher than expected. It might be the same surge as 2011 - 2013/2015 - 2017? Buy the DIP, and?

When talking to big investors, they don't care about the downside because they have a set buying time, whether it's weekly or monthly with a big budget. What El Salvador is doing is also long term because they know Bitcoin will continue to go up every 4 years and what was bought with $50K in the past can easily be profitable again. Since the time left to welcome ATH is still ideal, I think we need to be on the same page. Namely by setting aside a fraction of a percent each month. The amount you can afford because that is how long term investors and traders work.

I don't disagree with any of your points, yet largely DCA strategies should not be getting into trying to figure out where the BTC price is. and like you said should largely be employed based on working on establishing a position.. and surely once you establish your position, then you can rethink what you are doing, if you want to change your DCA variables or if you want to employ some other strategies.

Furthermore, your suggesting that there could be more down from here seems to be getting into ideas that attempt to combine buying on dip with DCA, and surely I have nothing against buying on dips... especially since this thread actually had been aiming to suggest that buying on dips is better than DCA.. which I don't exactly agree with that premise.. but still part of the push of this thread is to highlight attempts to buy on the dip and to de-emphasize the blindness of a DCA approach... .. and ultimately each person does need to consider the extent to which s/he wants to employ either technique or to attempt to combine them.. as it seems that many participants here strive to combine the strategies but do not necessarily clarify that they might be talking about buying on the dip rather than DCA when they are describing where the BTC price came from with possibly an objective to proclaim where the BTC price is at and to predict where the BTC price might go from here.

At present DCA only works if you ignore that the price is descending roughly inline with the 50 day average.  It might be too soon to buy without question except as a longterm strategy, anyone who hopes to buy only a few times  even a dozen should be waiting for stability and the start of a ramp in price.  DCA is fine but presently it should only be started if you can continue, this year and for a few after so really long term.  Dont over do it shorter term, be sure to last as will the larger swings of the market also.