Topic: Buy the DIP, and HODL! - page 527. (Read 122897 times)

A good strategy if we can buy dip and sell high, the problem is of course whether the current price has been dip or there is still an opportunity to dip again, and in my opinion the simple thing I do is to immediately buy even though it is more expensive than yesterday then hold so that we has the opportunity to profit when market rising.

If we fixate on price movements that are still stuck in the circle of $19K - $20K or $20K - $19K, it will make us bored and very easily influenced by the situation. This is what we need to get rid of, even this we need to convey to those who are still weak so that they can be as strong as us.
We are still very confident in Bitcoin. It is our belief in Bitcoin that sets us apart from those who are still undecided.

I don't think so.


Well I am glad that you don't consider yourself a victim, even though you seemed to have been playing the victim card, as I already sufficiently elaborated in respect to that point.


Yes.  I believe that you were playing such Victim card for the reasons that I already stated.


Your point was distracted in so far it was attempting to get caught upon advantages of longer term users, and seeming to imagine as if longer time Bitcoiners might not be able to relate to some of the potential trials and tribulations of newbies or new entrants into BTC.


Seems like it; however, on the bright side, if you actually are still learning, then that would be a positive angle, for sure.

We all make mistakes, and some of us attempt to learn from our mistakes and some of us will be more successful in learning from our mistakes than others.  I am not trying to position myself as if I might not have difficulties learning some things, too.


Whether you read my response or not is up to you. Whether others read my posts or not is up to them. I write up to the level that I feel that I would like to respond to what I perceive to be the topic and the response points in accordance with my own discretion regarding what I would like to say.  Last time I checked we were posting in a public thread.

Relax ser, you're almost having the same reactions as franky1.

Believe me, no one is playing the "Victim Card" because there's obviously no victim. You're the one who believes that. I'm merely making my own point, and if it deserves to be ridiculed, then it's OK. I learn the hard way. Plus there's no need for it to be written in paragraphs and paragraphs of long rants that no one will waste their time to read.

I guess, this is the best opportunity people can use to buy bitcoin in this bear market and hold with bold mind of making profits in the future, because there is a great reward for those that will exercise patience with the current price situation. There are many signs some investors have seen to believe that next year 2023 will be a better year for all investors that took their time to invested in Bitcoin because Bitcoin still remain the king among other cryptocurrencies, which will be very easy for those that invested in bitcoin to earn well from their investment when the price move higher in the crypto market.

There is no need to play the Victim card, and relatively speaking, even for you - of around 6.5 years registered on the forum, you are starting to accumulate enough time that even a relatively modest investment amount over that amount of time, such as $10 per week would have gotten you to more than 1 BTC of accumulation with a total of $3,360 invested.  Of course, if you had been able to be more aggressive, such as $100, you would have had 10x the amount invested with $33,600 and around 10 BTC accumulated...

Of course, people (including newbies to bitcoin) need to start from where they are at and to be as aggressive as they can in their accumulation strategies without becoming too aggressive that s/he ends up panicking at various points along the way.

You don't exactly have my strategy correct, to the extent that my strategy is relevant, and for some reason you have a tendency to ignore information pieces, even when they are presented to you..... and I already stated that I have only admitted to having more than 0.63 BTC, and I tried to ask you what whale status is to you, exactly?  Another problem with your attempt to focus so much on the individual, rather than the idea would be that you have tendencies to attribute a kind of "talking your book," and you should realize by now that my own way of framing matters has to do with describing strategies that depend upon what stage a BTC accumulator/HODLer might be in... accumulation stage, maintenance stage or liquidation stage.

If a person is in BTC accumulation stage, then s/he would likely be accumulating at any price and also combining strategies of DCA, buying the dip and lump sum buying.

So, instead of getting caught upon what my particular circumstances might be (that seems way too distracted), focus on your own circumstances to figure out where you are at?  Are you in accumulation mode, maintenance mode or liquidation mode... and for sure, since we still seem to be so early in bitcoin's adoption, it seems that there are way more people who are going to be in BTC accumulation stage rather than either maintenance or liquidation stages. 

Do you believe that there is something wrong with my perspective or that I am talking my book or that my comments are not necessary if I have a tendency to be aiming more of my comments at newbies who are in BTC accumulation stages?  rather than directing my comments at longer term folks who may have entered into maintenance and/or liquidation stages?  Is there a conflict of interest?  Is that what you are trying to suggest Wind_FURY?

How much value might we presume to be a target BTC accumulation level for any particular member may well have to do with which part of the world that they live and how much they believe that they need to either make it to fuck you status or to be on the road to fuck you status, but overall even if the actual BTC accumulation (or even dollar equivalent) is figured out, all of the individual factors would also need to be accounted in terms of figuring out the goals, how to get to the goals and maybe even how to maintain staying within the goal target area once arrived within parameters that are close to the goals, within the goals or exceed the goals.

Individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

It can take a long time to figure out each of the subcategories within the individual considerations, yet no one has to figure them all out before getting started investing in bitcoin.. and accordingly any person could start by investing small or investing something that they believe is reasonable and prudent - and continue to study their own circumstances, and perhaps tweak their investing strategy from time to time along the way.

Does this help you to understand or perhaps to focus ur lil selfie MOAR better Wind_FURY?  Or do you feel compelled to continue to focus on how my situation is supposedly different or supposedly better than everyone else's?  Remember yourself.. nearly 6.5 years.. a decent amount of time in bitcoinlandia... and cannot continue to be calling yourself a newbie or proclaiming newbie victimhood, right?  You have had nearly 6.5 years of opportunities to plan, put plans into place and to tweak your plans from time to time as you (within your complete discretion) deem appropriate, reasonable, relevant and even prudent to your own circumstances.  Regrets?  Any?  If so, what you going to do about it now? Play victim card or take responsibility for your own situation and compare ur lil selfie to yourself, no?

But you are, it would obviously be very impossible for a HODLer who has started DCAing since 2014 to not be a Legendary-Whale-Investor. Plus it's OK to ridicule me, because you as HODLer who buys Bitcoin monthly at any price since 2014 or before that, optimism should have a new definition.

I am not even attempting to ridicule you.

I was pointing out an issue in terms of your way of phrasing the issue of your claiming to be the most optimistic of HODLers.. and surely the evidence does not support that statement, and that's why it would have been better for you to frame your claim in terms of your opinion or your feeling.. like I mentioned.

Regarding my alleged legendary whale investor status, there's no evidence to support that claim either.

Yes, i use various hypotheticals in order to describe goals and BTC accumulation strategies, and sure I have had the forum legendary title for several years (even prior to the merit system), but that still would not be accurate to hone in on my supposedly having "whale investor" status, and maybe defining a whale as having more than 0.63 BTC, then I would be guilty of making such BTC portfolio size admission in the past.

Ser, I believe your ego, and probably a biased attitude towards your fellow HODLers, is affecting your mood. I was merely making a point that even the most optimistic of HODLers will have doubts in their investment thesis, especially during the lows of the bear markets.

But, I'm a mere pleb, and the stupid one in the forum at that, and you're the "Legendary Whale-Investor". If you ridicule me, that's OK.

Patience is still being tested with the movement of bitcoin $20k- $19k constantly going back and forth.
Any FUD will not raise my doubts about Bitcoin in fact I am excited to remain a true Hodler. 
I'm still trying to keep it up even though there are always thoughts about my investment in Bitcoin. So I forgot about that.

Bitcoin is still stuck at this price. LOL


https://twitter.com/giorgos_anasmd/status/1584607400237338625/photo/1

Oh gawd..  

How do you know?

and why would it even matter?

And I question if it is even true.. look at your post history.. Mr. most optimisitc... are you trying to be funny?  

For example, here's a my rendition of a representative post from you.  "I am going to whine.. but I am going to whine optimistically."    hahahahahaha

Can your posts be used to measure whether you are actually optimistic, or do we need to figure out how you "really feel" through some other means?

Let's say that there were a way to measure optimism, and then we estimate that there are 3 million forum members, but only 50% are optimistic and only 15% are HODLers, but then you want to proclaim that you are amongst the most optimistic of the ones who are optimistic.. so by your measures, you end up in the top 100k of members within your described category.. or whatever?  Makes little sense to me, difficult to quantify exactly, and hardly even relevant within that way of framing it, no?

Maybe I am just quibbling about your wording.. and if you had just said.. I consider myself to be amongst the most optimistic of HODLers rather than making a factual statement then I would not have been as likely to quibble because you would have just been making a statement regarding how you view yourself rather than an actual factual statement... Sure I could have still quibbled.. but there would have been less room for such quibbling...  #justsaying

Your above-linked twitter meme seems to be a reasonable (or might we say optimistic?) way to consider BTC price dynamic matters.

Is your patience being tested by Bitcoin's price movement? Are the current FUD starting to put doubts in your mind? I'm one of the most optimisic HODLers in the forum, but I'll admit that the doubts are sometimes there, causing me to question my investment-thesis.

I'm merely a pleb, and as a pleb, I believe we should ZOOM OUT, when in doubt, https://twitter.com/btcmemecreator/status/1584395072921292800

The ease, or difficulty of "the right timing" would depend in your time preference. The HODL requires very low time preference, which then gives the investor a large margin for error in his/her bids. The shorter and shorter time frame you go, your time preference also go higher and higher, which then causes the investor a smaller and smaller margin for error.

I believe the best path in finding "the right timing" for plebs like us is simply to zoom out and buy during the lows of the bear market.

Your way of describing bitcoin's investment thesis is a bit strange, Aanuoluwatofunmi.

With any investment, there are risks that they could go to zero or that they could stay stagnant in terms of their price for many more years than any of us would be wanting to tolerate - so in that regard, we always need to consider downside risks for any investment, including investing into bitcoin.

Sure shitcoins have additional risks, including that there seem to be none that have anything close to bitcoin's fundamentals, but perhaps a majority of the shitcoins try to place themselves as bitcoin equivalents, bitcoin superior or suggesting that they have some kind of monetary value or investment thesis that rivals bitcoin in some kind of way.

The subject of comparing shitcoins to bitcoin is outside of this thread, and also your suggestion that someone who gets into bitcoin needs to "understand how to trade" or how to "sell" bitcoin with the "right timing" seems to deviate considerably from points attempting to be discussed in this thread.

I will agree that there is some tension within points of views that are being discussed in this thread in regards to how much value and practice that individual should be attempting to place on timing their buys as compared with some kind of ongoing and regular buying strategy - depending on their own assessment how much bitcoin they believe that they should accumulate based on their own circumstances.

I will also agree with your overall assessment, Aanuoluwatofunmi, that bitcoin is a unique asset class that differs from any other asset class that we have previously had within our options, and it also provides investment options (and maybe even incentivizes other investment services) that had not previously been available, including that anyone can invest into it, even with very small amounts on a regular basis - even though surely the availability of ways to buy bitcoin is going to vary from location to location - especially since we are still in early bitcoin adoption stages.. so there are still a lot of folks who have difficulties getting bitcoin exposure and become somewhat more hesitant to even learn about bitcoin because there still are likely perceptions about limitations and challenges in regards to on-ramps and off-ramps for a good number of people - who also might not want to spend a lot of time learning or investigating what they might be able to easily buy (once they figure out how to do it).

In dealing with bitcoin, the risk does not outweigh the reward as you've thought, this is bitcoin we are talking about and not altcoin, the least you could loose is the volatile changes in price which has nothing to do with loosing your entire fund, you could also realise profit is the trends surges, but before you could engage with bitcoin investment you must ensure you understand how to trade, buy and sell on a right timing, bitcoin is not like other investment platforms, it's a currency and asset.

You did not use the word bitcoin at one point in your post.

Hopefully when you are using that dumbass term "crypto" you know what you are talking about and you are not using it when talking to people in the real world.. Using the word bitcoin is a lot better in order that people know what the fuck you are talking about.  Are you talking about bitcoin or something else?  If you are talking about bitcoin, then use the word bitcoin.  If you are talking about something else, then specify what do you mean.  Do you think that there is some other shitcoins that are needed to be lumped in with bitcoin as if they were the same thing?  Is there something that someone would buy that is called "crypto"?

That's such a dumb, vague and lame term (referring to "crypto").. if you had not noticed.. apparently not. you used it.  Are you using that term to sound smart?  because everyone else uses that vague ass and nearly meaningless term?  By the way, if you use the term crypto and you put it in context in respect to bitcoin or whatever else you might be referring to, then it is not so much of an offensive term.

By the way, in this thread we are talking about bitcoin.  Just so you know.


That's true.. there can be quite a bit of individual variance, including how matters are described.  When I suggest what things that individuals need to assess in their own finances, even if we could agree on the categories of things to consider, it is quite likely that we are going to have to apply them differently based on our own circumstances, and sometimes the different applications will be great and sometimes it might be slight based on a mere small difference in personal circumstances.

Just as a reminder for everyone, I consider the personal factors to be weight to be mostly these ones:  cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

I'm very sure we 100% AGREE in the mentality/philosophy of the HODL. Our differences are in the "how" to accumulate, and probably also in the "why" we should be accumulating Bitcoin. They are both minor points/differences, but I'm very happy that we do both are aboard in the same ship, ser. I've always noticed that if you ask 5 different people "What is Bitcoin?", they could give you five different answers.

A lot of newbies need to learn to Buy the Dip and HODL and not panic sell. Many people that are new into crypto are just too consumed with their anxiety and not grounded enough in their beliefs.

I’ve been in the crypto space for while now and I’ve seen plenty of crashes and corrections over the years and I think that has built a lot of confidence in me.

I feel when you really begin to understand how valuable the technology is , you stop looking so much at your wallet and relax into the long hold strategy. You could never get me to let go of my coins because I know what they’ll be worth in the years to come.

I might be repeating myself and even quibbling with minor points - because ultimately, each of us will need to figure out which aspects of bitcoin motivate us into establishing a strategy that involves some form of accumulation rather than merely getting in and out in order to get more fiat (in the short term).

So probably we mostly agree, even if we are phrasing some of the matters differently - because I have largely gotten to a point that I have difficulty appreciating that I would sell large portions of the bitcoin that I hold, so even if I perceive that we might be at a top, maybe I might shave some off, but I am likely going to just ride out the volatility - yet the fact of the matter is that if my own conditions change, then I might start to consider that selling larger portions of it might be feasible.. under certain conditions.. perhaps?  perhaps?  I am not really there now...

Bitcoin acts in opposition to no one, if a regime is so negative to its own people they have no freedom or ability to prosper then perhaps Bitcoin is seen as an enemy to that ongoing oppression.   Bitcoin providing some utility to the poorest most isolated people this is an entirely neutral bias, we just have extremely negative situations for people in some countries that can resemble mass imprisonment.   Unsurprisingly a military dictatorship does not serve the people, whatever words of equality are spoken its not true for those without military command.