Topic: Buy the DIP, and HODL! - page 528. (Read 122897 times)

Well everyone will always be different in doing what they want with Bitcoin, there will be many things each individual with Bitcoin that I hold myself as a HODLer wants to expect something greater in value in the future so doing it long term is our hope and definitely if one day in my country Bitcoin is legally enforced what I hold so far is useful for other things, for example; shopping, paying employees, buying food, paying rent or buying electronic goods can happen because I believe the adoption of Bitcoin in the future will increase so we can take advantage of bitcoin not only because of profit but other ways that are easier to use in any transaction.
Basically want the asset to be higher, but if both can apply maybe that's the real benefit of Bitcoin in the future.

There is always hope for the future let this be the difference between others, while we focus on collecting Bitcoin now while it's cheap, maybe that's what I always say at the beginning and at the end we can use what we want.

All uses in Bitcoin have been felt by many people, including gambling with Bitcoin, it is increasing more sharply, spending is often used for other purposes, trading is often done every day by people, the goal is for daily profits so the goal in HODLing in Bitcoin has many variations, not just holding it but more other desired goals or more ideals,

I never said you, or anyone else, is "wrong". I was merely point out an opinion that whether we are HODLing for long-term, trading, spending, or gambling through Bitcoin, we are already participating in the utilization of a censorship-resistant cryptocurrency, whose underlying nature, or one of them, is to weaken political strongholds. The more of us who participate in Bitcoin, whatever the goals, will be worse for them and their goals.

Well?  Fair enough if you have a different way of articulating what you are doing and what are your goals in respect to why you are somewhat focused on building your bitcoin stash and not buying and selling and trading your bitcoin stash - rather than having a bitcoin accumulation approach.  

I do believe that building bitcoin is about building wealth and about investing and about figuring out what is going to be your allocation in order to help yourself in the future in order that you are likely to have more options in terms of financial vehicles that you are holding and able to view.

We do not just get to some magical future, because bitcoin has already historically added a whole hell of a lot of value and options to people who have been able to figure out ways to use it to empower themselves.

Sure it is true that bitcoin has some limits in terms of ways that it might be liquid and some of the interfaces in exchanging it are still difficult, and subject to possible controls that are not caused by bitcoin, but likely instead a part of the uncertainties of the transition process and the various ways that controls might be attempted to be asserted over bitcoin.

People can have differing views about why they are in bitcoin presently and what they believe the future value of bitcoin will be for themselves for others and/or on a societal level, so I will take back any assertion that I might have made on behalf of the thread's purpose if you believe that I might have stated it wrong in regards to what people might perceive themselves to be building when they are building their bitcoin stash .. and I think the main point that I was attempting to rebutt in my earlier post was in regard to those ideas of BTC portfolio management that perceive buying low and selling high which may not even be about BTC but instead about trying to build dollar wealth, and you do seem to believe that you are building your bitcoin stash for differing purposes than the ways that I had expressed them, and I would not even proclaim that you are wrong because bitcoin can involve a wide variety of motives at the same time that include building wealth, and hedging and building options and responding to the various problems that exist in current fiat systems.

I would think that folks who are not focusing on always holding some bitcoin, and even trading large portions of their bitcoin stash in order to accumulate more bitcoin or more cash, may also be viewing their approach to bitcoin differently and may even have good chances of holding a wide variety of reasons why they are trading their bitcoin and perhaps even some ambivalence regarding which assets they want to try to hold and accumulate and the reasons that they are doing it.. are those reasons short term or long term and where are they holding their shorter term value and their long term value can have a lot of variance between individuals, too.

It's not only about "building wealth" anymore when it's about Bitcoin. It's about adopting a new technology that gives us some power back, to be as sovereign individuals. The financial system has been used against us that HODLing is not about "investment" anymore. It's about freedom, revolt, and through cryptography, it's the leveling of the playing-field. The Cypherpunk Movement would never have existed if the cabal that rules over us are benevolent.

I am with you on this, the season of the major sell on Bitcoin is over as 2022 is concerned, focuses are being shifted to the bullish trend. Bitcoin had suffered enough since 2021, it might now be the time it starts buying without looking down for long as it seems bottomed already for the year at $17625.00 (June low). More buyers are now seen at lower prices, which might be a very good sign of recovery in full strength. Therefore, BUY and HODL at current levels is a good investment.

We are not talking about selling here..

We are talking about establishing yourself in a good long term position and to keep on building.. Many folks might take 30 to 40 years or longer to build their wealth and their investment portfolio, and some of them never even reach a solid investment portfolio, even after 30-40 years of building.

It seems to that bitcoin has the potential to put people into a lot better position 30-to 40 years down the road, and possibly even a lot less than that, and how long it takes to reach a comfortable status is going to have a lot of individual variation.. and selling at the old ATH is not necessarily a good strategy to the extent that it is even relevant to this topic at all.  Personally, I am not opposed to shaving off small amounts of BTC on the way up as the BTC price rises and as a kind of insurance in case the BTC price falls, but if we start to talk about selling large portion of our BTC as a strategy to buy back lower, then it seems to me that we are getting way off of the underlying building of your BTC portfolio ideas of this thread.  Don't get greedy, and don't try to do too many things at once, and don't deviate too far from the topic of this thread with ideas of selling anything substantial in your stash in any kind of premature status... which already has been a common practice in bitcoin, even though bitcoin is only just approaching 14 years in age.

Not only do you have to be smart in holding Bitcoin and other important assets in current conditions. But you also have to be patient in facing every condition that is currently happening, because maybe the bearish condition like now will be a little longer so it obviously requires patience to wait for the bullish to come and must be bigger. Because it would be great if they had bought more Bitcoin in the $18K - $20K price range, then sold it when the price was already at $75K which is also ATH for Bitcoin.

You're right, many investors collect Bitcoin at the lowest price so they increase their Bitcoin portfolio all the time for future assets, because if we refer to the lowest price then we certainly don't lose the moment to buy at the current price because the bullish phase in the future will increase the market price very quickly. Be a smart holder to increase the number of Bitcoins in the portfolio gradually, and our biggest hope for the next ATH is that $100k will be achieved in the future.

That's right... Better to do this than staring at a computer screen anxiously watching prices drop if they really are a not trader, better be a HODLer who keeps looking for opportunities at discounted prices like today and they make a purchase and don't have to look at the price too high long time on the computer screen even I said it would be boring.

My way is simple to become a HODLer, there is a golden opportunity to buy Bitcoin and HODL, there is another opportunity to buy again and HODL again.
Until my Bitcoins a lot.


https://twitter.com/sunnydecree/status/1578669796593651718
And don't be sorry, as it says in the picture, smart people will buy now not when prices are high.

Here I understand being a HODLer.

You are unclear in what you are suggesting Crazy_Bitcoin because risk management does not only have to do with being in or out, but it also can be practiced through position size and various ways to employ entry and exit points.   

There are problems with a lot of traditional asset classes possessing some of the same historical contagions of the irresponsible current debt cycle, and if you consider bitcoin to have the same kinds of corruptions and/or contagions, then you might not sufficiently understand its likely longer term lack of correlations, which seems to be a decent thing to own some of it.. and you do not even necessarily need to take a large position in order to have bitcoin included in your investment portfolio as a hedge.

So what does your investment portfolio look like currently?  you have some stocks maybe even some indexes, some property, some cash-related products and some precious metals... and it's up to you if you think bitcoin has any place in there and it is also up to you concerning how much to put in, if any, and how you might consider entering by DCA, lump sum and/or buying on dips.

Do you have the answers?  Would your approach be different if you were early 20s, mid 30s, early 50s or late 70s?  Even if there might be some commonalities, there might be some differences that depend on where someone is at too.. because age is not the only factor in terms of cashflow skills and other investments and how they might have performed versus how they are predicted to perform in the future.. which we don't completely know the future beyond making some estimations based on what we consider to be probabilistic factors to attempt to figure out.

BTC performed well on a risk-adjusted basis.
I can pick a stock that outperforms the S&P but if the Risk far outweighs the Reward then you're just gambling.

I wish you good luck in your "adaption" ser. I'm merely a pleb who is looking for golden opportunities to buy more Bitcoin at "discounts" during DIP cycles, THEN HODL them like it's my second savings account. I'm happy, and I don't need to stare at a computer screen all day pretending to be a "trader". But you do you, I'm happy to  Buy the DIP, and HODL.


That might be true, or might become true someday, but I believe during 2032 the same people will say "HODLing in 2032 is not the same as HODLing in 2022", no?

the right time is right now when the market is bad or bear market and people start to panic in trading and investing, and that's where the price will drop,
when it drops then it's time to BUY and HODL!, for the long term it is highly recommended because we are already heading towards bullish season,
but we will have to see in 2023 whether Bitcoin can hold above $30k or not.

In order to try to be topical, you seem to be attempting to suggest that it is better to trade and perhaps value your wealth in dollars rather than valuing your wealth in the accumulation of BTC ... and sure maybe you might concede that if the dollar value of your BTC has gotten higher, then you are in a better position from holding BTC during such period in which the BTC has gone up in dollar value.

Sure any of us can try our hand at trading BTC and also trying to build our trading skills, yet it seems that establishing some kind of an ongoing BTC accumulation strategy is going to continue to be the better (and preferred) strategy, just as it has been historically in relation to BTC.

We know the expression that past performance does not guarantee future results, yet it appears that the case for investing into BTC continues to grow stronger rather than weakening in any kind of meaningful or significant way.  

I personally believe that the use of selling BTC as a strategy to accumulate BTC is way less of a solid strategy than figuring out ways to accumulate through ongoing buying, whether DCA and/or buying on dips, and once any of us gets to a certain level of BTC accumulation (and perhaps even over accumulation) then we might be able to figure out some strategies to sell BTC on the way up and to be able to use or to have that cash available in case the BTC price dips.... nonetheless, selling in order to buy back lower comes with quite a few risks, including either that there is luck involved or there are some solid abilities to be able to figure out BTC price direction movements and then perhaps developing some strategies to deal with risks of selling too much BTC too soon if the price moves up when you had anticipated that it would correct within a timeline that would be sufficiently convenient for you to buy back the BTC that you sold (plus additional BTC) and it does not correct within such anticipated timeline.

I am not completely against the employment of trading techniques for guys/gals who have such skills or are able to develop such skills - but it is far from any kind of guaranteed or better way forward, as you (Woodie) seem to suggest trading to be.


Fuck crypto Woodie.  Do you even know the topic of this thread?  We are not talking about crypto, here.  We are talking about bitcoin.  Do you know the difference?  Do you know what is bitcoin?  Maybe you are so damned caught up upon trading that you do not even given any shits about what asset you are trading, and that seems to be a topic of another thread.  This thread is about bitcoin..

In order to attempt to be on topic, maybe reconsider your so far posts in this thread in light of bitcoin rather than crypto and then come back to thinking about what are you going to do if you are ONLY talking about how to accumulate bitcoin...

I am not even suggesting that you would not be able to accumulate bitcoin through other means (besides dollars), but when you get into shitcoins and various other means to accumulate bitcoin, then you are likely getting a bit off topic, so either the topic that already exists in another thread or should exist in another thread.


Of course, if you are able to stick to discussing dollars and bitcoin, then you would not be going as much astray in your desire to lecture or your expectation that it would have been better to trade than to just stay in BTC as an investment. 

Sure, retrospectively we could look back at BTC's price moves of 2021 and 2022 and see that we could have been advantaged if we had known the price moves in advance, and if we had been willing to trade on knowing that information in advance.  Part of the problem is that we do not necessarily know BTC's price direction in advance, so your "I told you so" angle comes off as a bit too pretentious in terms of your desire to advocate for trading strategies rather than accumulation and hold strategies that would de-emphasize trading as a bitcoin investment strategy or as a means to manage wealth (in the event that you might not be into the idea of "investing").


I understand that some guys want to attempt to maximize the ability to buy BTC at as low of a price as they believe that the price will go, and likely they will end up causing themselves more stresses in going through those kinds of attempts to predict the bottom exercises and may well end up buying way less BTC than they should have because they were spending too much time and hesitating too much to buy on a regular basis.

Frequently the newbie BTC accumulator can spend more time to figure out his/her cashflow in order to figure out a range of what kind of budget is possible and then to just divide that budget up in order to make regular purchases at any price and then other purchases that are intended for various dips (without getting too worried about if the buying is at the exact greatest dip).

Generally, I agree with you about buying during bear season, and perhaps even trying to buy more during bear season, yet frequently it can be difficult to figure out the extent to which any of us might want to hold back buying when the BTC price goes up because we are anticipating a future dip that may or may not end up happening.  From my way of thinking, it seems way more important to figure out your own particulars related to cashflow and your BTC accumulation goals rather than to be playing around too much in regards to the BTC price (whether we are in a bear market, bull market or if the price might correct to levels in which you would make a larger purchase).  

Of course, you are likely going to develop a lot more knowledge regarding your BTC position and also comfort in regards to understanding how many more options that you begin to have as your BTC stash grows and as your BTC stash gets further into profits.  Of course, the growth and the level of profits is going to vary a lot from person to person, and sometimes it could take a large number of years to start to get into sufficient profits in order that you start to feel that you have more and more options.  In other words, I would suggest that it would not be very fruitful to be considering strategizing your BTC buys with a large amount of attention until after you have already built up your BTC stash, then maybe at that point you would be better informed in regards to how much you believe strategizing your BTC buys might advantage you.  

The knife can cut both ways in terms of buying on a regular basis and then figuring out that you could have bought at lower prices if you had waited, and on the other hand, when you build up a sufficient size of BTC, and you are in profits, you sometimes might start to feel that you can become more brave in the ways that you strategize your BTC purchases or you might end up just reverting to default regular buys and consider that it is better to just buy BTC regular rather than trying to figure out if you might save a few dollars here or there when your stash has become way more valuable rather than the seemingly small relative sizes of your regular additions to it.

Yes, buying Bitcoin in the bottom in the market is very difficult to some people, because the movement you think you have purchased in the lower bottom, then you will beginning to see the price decreasing more that will make you to feel bad of purchasing at that particular price. I think, buy low is more favourable in the bear season, because it will help you to make a passive profits in the future when the price move higher in the market.

LOL I like your sense of humor but am not going to regret or swallow my word's because adaption is the name of the game and to survive these crypto waves one has to think like a trader to buy when market enters into a bullish state and to sell at a premium when markets are in a bearish state.... We have to be opportunists at the end of the day because you real intention is to make a profit. Bitcoin is not a collectors item which will always appreciate with time unfortunately so Hodlin in 2022 is not the same as it was 10years ago!

Read your own post again after three years, OK? The current price, and the DIPs from the current price are the BEST opportunities to buy that have been given to everyone during this part of the cycle. It's THE SAME opportunity. Don't tell us we were merely just lucky in 2025. NO, because we paid attention when it was THE right time to pay attention.

Am starting to think this hodling process is easier done if you have a small stake to grow, the whales with deep pockets will continously buy and sell coins to realize any small profits at any given opportunity which is the smart way of investing if you ask me... Buying the dip now and throwing the key away to your stash will just bring headaches and should be discouraged, times have changed and we need to adapt with the new game!

DCA and HODL are the best ways for you to store Bitcoin for a long period of time, percentage yourself to Bitcoin I'm sure if this has been started then you will never lose large amounts, there is still a good accumulation of the average value purchased.

How long have you been running this strategy? DCA or HODL or both combined?

I expect something confident for me especially when there is a lot of support from other people.

Saying over 3 years with DCA and HODL never losing money, that's cool.


https://twitter.com/btc/status/1578090472513339410

A very deep drop in the price of Bitcoin today compared to 2021, indeed a sign that we should now start buying as much Bitcoin as possible for us
to hold in the long term. If in doubt and too afraid to buy Bitcoin now, I'm sure we will regret it later. We should learn from the bear market that
occurred in 2018, which many people regretted when they thought Bitcoin would go to zero. In fact, Bitcoin managed to reach a price above $60k
in 2021. Because indeed the impact of the Bitcoin halving that occurred in 2020 was enormous, that's what makes after the Bitcoin halving
the price of Bitcoin skyrocketed in 2021. Therefore, for now, let us not regret a second time and repeat the mistakes we made in 2018. After all,
buying Bitcoin is a safe step to do, because it is very likely that Bitcoin prices will recover and reach new ATH. Do your own research and analysis,
then we will find the answer that the current price is the best time to buy Bitcoin.