Topic: Buy the DIP, and HODL! - page 524. (Read 123703 times)

It's not that strange actually regardless of anything such a condition will obviously exist and even we can't let go of this condition.
Maintaining is something that must be cultivated from an early age because we really shouldn't be aware that conditions like this are only temporary.
When we know what FUD has always done, we must also have the same thoughts there because it is certain that when FUD arrives they will buy it, so why not use this momentum for our own benefit.
Buying is a must in the current condition, but on the other hand, don't let it go before it's time.

We are not talking about trading here.

What we are talking about may well be to consider if we already bought enough on the dip down to $15,479 and maybe considering whether or not that bottom might be in, and another thing might be concerns about whether to buy now (if we have any fiat left) or to wait to see if more dips might come.. Of course, there are no guarantees that we will get further dips, even though we also know that the BTC price never goes straight up without having corrections, but that does not necessarily mean that we should be waiting for a correction right now.

Hopefully most of us are already ahead of our current BTC price move in term of having had over two months (since about early November) in which the BTC price spent most of its time below $19k.. and then we had additionally, several months (since about mid May) that BTC prices were spending a vast majority of the time substantially below the 200-week moving average. 

Currently, we are just getting back to the 200-week moving average, which is currently at $24,617 and historically had served as a BTC price bottom, but may well present resistance until we get over it... Of course, no guarantees and of course, any of us could have dilemmas in regards to whether it is good to buy now or to wait for further dip in the event that further dips may or may not happen in the short term.

I'd say let them have their say, everything else i.e. others alt-coins can be dispelled as hype but not Bitcoin. Bitcoin is far from zero, its price will set at 1 before 5 zero in the near future.
If we see the percentage of holders of Bitcoin gradually increasing, and the need for cryptocurrency to create a decentralized economic system in the future, then Bitcoin will be the most used coin.
And with the increase in usage, the number of users will increase and eventually the price will increase due to the increase in demand when mining is finished. But since its price fluctuates through trading, there will always be volatilities about its price

Recently I come to know that most people saying trash about bitcoin, in their mind they really knows what Bitcoin is, how valuable it is to invest bitcoin . But they do this for their selfish interests, I feel sorry for those who fall for cheap talks about bitcoin and miss a good opportunity that comes with a good benefit.  Bitcoin billionaires they knows the secret of Hodling Bitcoin for the futures.

Of course, those institutional whales who are late to enter the market usually use FUD methods to influence everyone to sell their bitcoins, so that the market becomes turbulent again and they can enter deeper.
It looks like we will receive even bigger FUD in the middle of the road, prepare funds to buy when the decline maybe we have to be prepared and for now we have to hold on tight to our bitcoins because we don't know that the market might not be affected by such FUd.
Keep Hold Your BitcoinBTC

In my opinion, in every trade, everyone wants to get more profit. And the thing that influences it the most is related to psychology. Even though in theory a lot has been mastered, when it comes to the world of trading it is not entirely enough because everyone's psychology is of course different in making every decision.
In trading, there is actually no difference between the rich and the poor, because both have the same goal, namely to make profits, it's just that the psychology of the rich is certainly a little calmer when compared to the poor in dealing with situations that are detrimental to them.

https://www.youtube.com/watch?v=qdIooHrQeK8

Watch Jaime Dimon's face while he tells everyone that Bitcoin is a "hyped up fraud", a "pet rock" that's going to ZERO. DON'T BELIEVE A WORD HE SAYS! Because behind that face is the CEO of J.P. Morgan, the bank that's buying Bitcoin for its wealthy clients. They want the price to be LOW so they can front-run YOU, the plebs. Don't let them do it, don't sell your Bitcoin to the billionaires, YOU should front-run THEM.

Bitcoin is currently trading at $ 21,300, don't be too tempted by this increase, it is still small above the possibility because what we hope is that it has to be even greater to seek profits, still Buy / HODL even though this is in a positive market trend but I still believe this is still at the bottom and we must be ready to buy and buy again BTC.

I believe the 4 year cycle and now 2023 is getting closer to that goal, there are always differences in this but I think with the history of this cycle so we are closer.

Keep what you have, never throw it away.

It really cannot be compared because usually greedy people are much smarter in seeing opportunities, although sometimes they also forget about the risks that they already understand. And this is certainly different from stupid people who are always easier to be deceived by anyone in any case because they tend to easily believe what other people say.

Your own efforts in securing initial capital and trying to gain profits and wealth are absolutely not wrong to do because that is the ultimate goal of everyone in this world. Except for those who no longer care about the wealth in this world. But as long as people still feel they are poor, then that person will continue to seek wealth through the profits they can achieve and that is very reasonable in my opinion.

I agree that possibility of losing Bitcoin in trading can't be ruled out, no matter how expert & experienced trader you are, as markets have their own dynamics, and they often move in the direction which nobody would have predicted. Bitcoin is a precious asset, and we should continue increasing it by buying the dip and holding it with patinence, as patience is a virtue for Bitcoin HODLERS.

most of the big investors in the shocking rise in the price of bitcoin yesterday, they are selling for profit. because big investors usually have a large number of bitcoins and if the price increases by 7% it will be very profitable for big investors. so there's nothing wrong with them selling and buying again when prices start to dump.
 
the satisfaction of holding bitcoin until the price reaches the peak of ATH will be pleasure, satisfaction and happiness if you can be patient and wait. but everyone can't do that

Many longer term bitcoiners are more against the idea of trading bitcoin because it is likely the best of assets that are available, so why would fuck around with the possibility of having less of it by trying to trade it?  That hardly makes any sense, unless you happen to be some kind of an expert or maybe you are just playing the real large price swings so that you are not really trading very often.

There are a lot of shitcoins and other products that you can trade outside of bitcoin, if you believe that you have some kind of talent in that direction, and also we are not even talking about trading in this thread.. so if you at least cannot figure out what we are talking about in this thread and attempt to follow the topic, then you are off topic and should post your ideas in some other thread that deals with that topic (or is at least somewhat more receptive to such topic).

It is not easy to trade with the mindset of buying at low prices and selling at high prices, while in trading patterns there are many that must be applied, this is not easy enough to increase wealth in an instant, while we must be able to control greed and emotions in a trade, still the most The simple thing is to buy bitcoin and save it for a long time, but it's not greed but it increases the value of bitcoin in a slow way.

Basically, long-term investing is a way to accumulate wealth in the future, everyone already knows this method, but it's a long enough journey, not everyone can do it, even though it's easy to say.
I believe I can be strong with bitcoin to hold as long as I don't quit a real job that supports my life and me.



Never buy shitcoin it kills you.

There are many expert people who have given various suggestions.  But I'd say from my own experience hold half of Bitcoin assets for the long term at present.  And you trade with the other half of the assets.  Buy and if the price is higher than the purchase price you sell it thus increasing the wealth.
I have held assets myself so I advise everyone to hold assets for the long term because that is the opportunity.  The Bitcoin market will do well as the bull run continues to slowly increase in momentum.  Then this long-term investment of yours will turn into a mountain of wealth when you can claim to own some Bitcoins.

While many would call with having profit and still holding Bitcoin long-term that means greedy but I wouldn't. Because the person who made the mistake of buying a pizza with thousands bitcoins can justify not holding bitcoins from this position is the same thing. Many people advise to sell it if it is higher than the purchase price. But I would advise long term hold to actual holders who dream to Bitcoin. It doesn't matter if Bitcoin is bearish again. Holdings through various financial institutions where you have to hold for years for small gains but Bitcoin can and will multiply that with few years. So I would tell anyone who can able to hold it until he can happy with it.

Greed is an inherent human nature which has positive as well negative side. This powerful human emotion is like a double edged sword, it can be used to promote human performance in organizations. At the same time, it is also used to manipulate others.

When it comes to trading Bitcoin or any other asset, it is very important to control greed & fear emotions for avoiding impulsive trading.

Maximizing Bitcoin through trading activity is good idea, but only those traders succeed who are well skilled in technical analysis & risk/money management.
The best strategy to accumulate Bitcoin, that everybody can use comfortably, is dollar cost averaging (DCA), which makes it easier to deal with uncertain markets.

Who is talking ignorance and who is talking greed, are you diverting them?
Your thinking is indeed logical for a trader or close range trader, and it is true that it is important for a trader to take capital when he has the opportunity, and continue trading with the results obtained from the initial trade.
But the position is different from mine, of course, who save it for the next 5-10 years, the wealth and profit orientation that you describe are things that cannot be separated, but the way to get it is different, you do it by trading short distances and I am long term.

Greediness and foolishness are not same at all. For a trader, S/he should think carefully in every steps. I don't think there is any need to buy continuously where there is a chance to get capital back. I'm also holding Bitcoin and it doesn't prove that I'm also a greedy one but as a trader, I've already withdrawn my capital. Now I've Bitcoin more than what I bought at the first time. It's a continuous process to maximize wealth rather than profit maximization.

Greed does seems to be a discretionary thing in which each of us attempts to figure out how much of anything that we want to accumulate and/or to hoard and also the extent to which we want to spend and if we do spend where we choose to spend.

Bitcoin does allow for (and possibly facilitates) our abilities to determine how we might manage our wealth, once we are able to build it... One of the things that fiat inflation seems to do is to rob from savers and rob from folks who have fixed incomes and are no longer able to work to gain (or negotiate) their cashflows.   So it can be quite sad to see prices of some kinds of products and services doubling and that does have pretty strong effects on folks with fixed incomes and might even cause them to have a lot of insecurity regarding how they hold their value.. including that if they have cash, the whole system of inflation and robbing value incentivizes to spending as soon as possible, if there might not be a way to hold such value in a way that it preserves some reasonable amount of purchasing power.

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?).