Topic: Buy the DIP, and HODL! - page 527. (Read 108139 times)

People who buy bitcoin will be at a variety of stages in their life in terms of their asset accumulation, and there is no real argument about any other asset being better than bitcoin in terms of long term investment opportunities.

Of course, we know that past performance of bitcoin cannot ensure future results, but still there has been a lot of value in either dollar cost averaging and/or buying on dips.. Buying on dips is merely an attempt at a more advanced system of dollar cost averaging.

I personally would recommend that people striving to accumulate bitcoin do not fuck around with trading until they have already largely reached their various investment goals in more prudent ways.. Of course, if you happen to be a professional trader or you have some kind of solid system of trading, then that might be a particular practice that you employ, but trading surely should not be anything close to a recommendation for normies or the vast majority of people until they figure it out.. . in spite of the fact that trading is way easier in bitcoin than it might be in a lot of other asset classes, but the fact that it is way more available does not mean that it would be wise to do it unless either playing with a very small portion of BTC stash or having a decent amount of skills in that direction - whether professional or just skills that were learned by practicing with smaller amounts (and maybe working up.. if fitting)

Yes it is true that we always experience inflation and that is why it is better if we will put our money in some investments like golds and real estate if we want to increase its value.

 Buying the dips for me is not for everyone, all of us have different perspective on trading and holding. There are some people who want to hold their bitcoins for a long time but there are some who want to day trade it. Buying at dips is not working all the times and there is criteria for it.

I believe we won't see more then 13-15% decline in price in the next month and a half, if you look at price historically summer is always extremely slow and this is probably the best time to risk and flip some altcoins. Dominance is in decline last 3-4 weeks and it seems it will keep on going down so I presume best time to bu again would be September, but Covid should be kept in mind as many expect second wave in September so that could change the market significantly.

To be fair, I doubt that it is representative to measure bitcoin from it's earliest adoption phases, in which it had almost no value, even though the point of sound money still holds true for bitcoin... and of course, in bitcoin we are still likely in the earliest of stages of an exponential s-curve adoption phase, yet the more mature bitcoin becomes, the more likely we will be able to compare it to other more mature assets, and sure many of us have seemingly sound conjectures that bitcoin is going to continue to serve as a gravitational magnate for value.. absent some kind of major downfall in the technology or the exploitation of an attack vector that is NOT adequately appreciated or understood at this time.

In other words, still seems that bitcoin continues to serve a great asymmetric bet that continues to provide a lot of upside potential and maybe even no need to really gamble or leverage in order to personally profit stupendously from bitcoin merely by either starting to accumulate or just continuing to accumulate BTC to an extent that is personally reasonable and feasible and maybe NOT investing so much or too much that you may have to sell BTC that is not at a time of your own choosing.

In other words, even though bitcoin seems to continue as a very great asymmetric bet to the upside, there could be periods in which bitcoin prices are manipulated down and continue to stay down for unreasonable periods of time in order to attempt to shake as many HODLers out of their bitcoin as is possible, and in those circumstances, each of us has to be careful that we are not shaken out of some or all of our bitcoin at a time that is NOT of our own choosing.

You made a really very strong argument. One can only imagine how the government is deceiving us, especially considering that in my country over the past 10 years the national currency has fallen in price against the dollar by almost 3 times, and the minimum wage has grown by five times, while many officials have become millionaires, owners of yachts and beautiful Villas on the Cote d'Azur. But it’s even hard to imagine what People theoretically lost as an investor, given the scale of Bitcoin growth over the 10 years.

Before another surge, I want to share that, in only 10 years Bitcoin has risen to $9,000 from a mere $0.01, while our savings in fiat money continue to devalue every year because of inflation.

Buy the dip, and HODL.

There should be no returning to "your funds" in my opinion. Bitcoin WILL become the first world reserve cryptocurrency, with countries maintaining tax-payer-subsidized mining farms, and HODLing.

Crazy?

Very few people bought in at 20k, 10k sure and prices around there but it fell pretty fast from that ATH and I think the pricing we at now and last summer are probably more significant to conquering the top in that way.
  9200 is a possible buy at present or tracking 50 day average which forms the lows, just above is the 2 day average and I wouldnt be too positive until it breaks that quite short term measure; which should be easy to do. 

Being a hodler wont really be that easy and there are indeed some regrets that you havent able to sell out into that particular point but there are worthy times for you to sell
so that you would really end up on holding for too long or for years.

Unlucky for those people who do panic sell into those 3k levels and lucky for those people who bought and risk to buy into those cheap prices.I know it isnt really easy to consider
on having that entry since we wont know if the market would dip down even more.

Its a matter of risk and choice because we wont really earn something if we do just tend to watch every opportunity to pass by.

As far as i know there are only few on them made this stupid decision mate selling at $3k when they really know that volatility is always lurking around market and they may even wait for at least month or so before realizing that market already in recovery stage.

I never though of doing so though i have bought at $16k level and realized that i need to keep waiting if i want to get my funds back or even earn more.

I thought of selling last year when 14k$ value reached but denied myself and continue holding

Our fellow plebs who bought Bitcoin when it reached $20,000, and sold when it crashed to $3,000, will wish they never took that loss when Bitcoin reaches 6 digits.

These are the hardest things to guess for a speculator as you should be precise with the charts and your analysis should also be to the point and in-depth. Also market doesn't always go the way you want it to be, it is insidious just like everyone thought back in 2017 that if the price would reach $20k then it will explode and we could easily see $50k but actually the reverse happened and the end result was a low of $3k from all time high of $20k in the process.

Zoom out. What fluctuation?


Did you give the right advice? I believe you should be telling him that he should be buying MORE near the bottom.

200 weeks is a hell of a long time my dude   You aint wrong and explains at least part of the forum old guard and their stance to hold BTC regardless of fluctuation, I tried to give this advice in March but when everything is blinking red on the screen the words run shallow.   I got some merit for my advice but that person also sold near to the bottom pricing sadly.
   But within a shorter time frame then nearly 4 years!  we can go down, I think we'll loop a few times more this year for sure.   We'll have more loops in the price then a plate of spaghetti hoops soup in the end, not yet full bullish imo.   Spotting the dips is also good, the counter to that is also be taking profits on your peaks.

Open a chart, change to weekly, and draw a 200 Simple Moving Average line. Bitcoin has fallen, but has stayed long under that line in bullish or bearish sentiments.

Current lows are the 50 day average which was quickly catching up, its down through the weekly and even monthly averages and has definetly put Bitcoin into a negative phase but for this moment a recovery is possible occurrence.
  Reasoning being price fell to multi month range lows and is still within the bounds of a normal profit taking move.   Also main markets dropped today so particular significance to crypto might be low and this is just part of speculative moves with hot money.   A good trend downwards is not yet in play, its not possible to speculate exactly where the bottom of the dip is at present but its reasonable to watch form with that idea.   8770 and 8550 are possible footholds that I'll look for depending on sentiment going forward.

If there was only a self-sovereign, decentralized, and censorship-resistant "asset" invented that can be used as a safe-haven/store of value.

https://www.scmp.com/economy/global-economy/article/3088199/hong-kong-security-law-wealthy-chinese-fret-about-citys

You must continue your holding and that doesn't mean that you may skip buying at dips . If you are equipped with excess money for investment purposes then always be awaken to catch all possible lower prices. For this, you should not go all-at-once. When you buy for only 10% of available capital then you may get 10 different prices through out the year. Which means you might have got some bitcoins below $4k as well, for example.

At the same time, there are too many people who think that when they sell bitcoin the price is going up somehow and when they buy it it always goes down. Well, there is a reason for that, the market doesn't move depending on you, you move depending on the market and if you do buy at the very bottom, that is your own fault. Why buy out of nowhere on a regular day? Why would you want to spend any money on something that has premium price on it? You should wait until it crashes and anytime you buy before a huge crash, is a wrong time to buy.

what I did did buy when prices hit bottom, but there is no guarantee that prices continue to rise,
but it doesn't matter if you hold coins from big projects like XRP and ETH, your capital can return and even get a profit. HODL!

Then you are serving the two faces of the whalecumulators. They dump when you buy,



and pump when you sell,



They should serve YOU. Buy the dip, and HODL.