Topic: Buy the DIP, and HODL! - page 529. (Read 122897 times)

Why complicate things like that? If you have doubts about the current price then wait for it to go down again, but if the price goes up you don't regret it a second time so make sure whether you are going to buy for long term HODL or not.
Buying the right price is difficult but we think from ATH $69k it has dropped 70% from the current price isn't that already the lowest, what do you want to wait for what you think is trusting?
At least many will say that the current price is the right one to buy. So think again.

If you believe in cycles, but it comes back to you.

Pretend you are in 2025, zooming out Bitcoin's chart to the maximum. You can't pretend that? OK, you are in 2022, zooming out Bitcoin's chart to the maximum. Look where are 2019, and 2015. I believe that's what it will be like, but it will be more like 2015 because the next bull cycle WILL be like 2015 - 2017's surge. After the crash/recession/reset, there will be a FRESH, MASSIVE QE to revive the economy. Maximum bearishness will cause maximum bullishness.

Today is also still very good to make a purchase because the price of Bitcoin has not increased that much and is still in the range of $ 20K, where the price is also not much different from the price a few days ago and you can immediately prepare money if you want to buy Bitcoin at a price of $ 20 K before Bitcoin was at a higher price level when the bear market started to end. Although the prediction for the end of the bear market is not this year.

How about today? Is this the right time to buy? Is it possible that the price of Bitcoin will drop even further so that we can buy at the right price. The bull market has ended, and is now in a bear market. Of course we are difficult to predict when the bear market will end.

The FED does appear to be gaining traction again, but many are still hoping not to plan a rate hike as traders don't like it.


Source: https://twitter.com/lisaabramowicz1/status/1577220174045773824

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The month of October is becoming a trend with the words Octobull, Uptober and many other types of words, of course, all of that has something to do with bitcoin holders expecting something more valuable.

Me: Whatever happens the strategy must keep going, never be tempted, never think about the news out there, focus on buying your Bitcoins on a regular basis, in essence bitcoin will still recover.

If paying attention to the news is endless, I myself focus more on future goals.

 

The Federal Reserve, and all of the other Central Banks around the globe CANNOT tighten forever. The Bank of England "made a hard pivot" to QE to bring forth liquidity to their bond market to save its pension funds from losing money. If they didn't do it, pensions would be LOST.

Will the FED also pivot? Will it be UPTOBER?



Buy the DIP, and?

If it was buying real Bitcoins to HODL, and not trading futures contracts with leverage, then definitely there's nothing to be worried about. It's just the bear part of the market cycle. During the bull part of the cycle, the same people who didn't buy and merely looked at the DIP, WILL wish that they bought the DIP. The market is giving us plebs a gift, another Golden Opportunity.

It's a whale trying to hoard more BTC on daily purchases its even crazier the millions of dollars they spend just on DCA, really brave in accumulating Bitcoin.
If we get a whale with hundreds of BTC then we consistently keep it on the weekly we buy the BTC, it doesn't matter if we only buy 0.00xxxBTC but in the long run we can feel how this is going well, so I will also be in the DCA strategy.

Maybe it's a whale purse - 3FpYfDGJSdkMAvZvCrwPHDqdmGqUkTsJys

it is clear that all strategies must be carried out where indeed the bear market will continue to occur in a tempo that may not be very well predicted. although there may be some who are still brave with short-term trading speculation because they see movements that occur very quickly and are constant at a price of around $18K- $25K that bitcoin keeps making over and over again.

Of course, a market like this is clear for long-term investors to be highly anticipated by continuing to increase the coffers they have, because they can be sure and are very sure that if the halving period has passed, it is certain that a bull market will occur, it is not impossible that ATH will be renewed and very significant will occur. so be patient with time, it is clearly very necessary although it is unavoidable that funds are also needed so that everything can be achieved with the situation later.

Futures trading is too risky when the market conditions are weak make sure it is much safer to HODL Bitcoin than that way but it is good advice not to fall into big risks especially futures trading.

DCA is a good way to accumulate bitcoin long term I see this prospect is quite good this is still the right choice in a bear market, so don't panic let alone sell your BTC, look at this data people are brave enough to buy Bitcoin worth $ 2 - $ 8 million every day in implementing their DCA.

Stay DCA and HODL.


https://twitter.com/Capital15C/status/1565873035504226305

Did you BUY the DIP my dear fellow plebs? Congratulations if you did buy, because there were many people who probably SOLD the DIP expecting Bitcoin to crash lower, probably to "$12,000", https://twitter.com/eliant_capital/status/1567202636302098432

 

I'm not claiming that that was the last, and the lowest DIP of the current bear market cycle because NO ONE knows, but it's personally more mentally relaxing to buy the DIP of $19,000 than if I bought Bitcoin at $39,000.

DCA is good  option in this bear market. I recommend everyone to stay away from Future Trading because market condition is too bad. Btc is looking very weak and we can see a big red line in some days. It's best time to buy BTC and hold For long time. This is opportunity for long term investors. It may be last dip for us.

I mean the difference between buying dips and DCA.
If I rely on dips to earn BTC maybe this situation is not good for me because I have to spend more dollars on each decline but I have closed this note and never continued again after I thought about it for a long time, then starting with DCA this looks more stable and the situation with me is quite safe so I take this conclusion to balance the good position for me.
This means that DCA is still continuing, but my buying dips has stopped.

I'm not going to calculate the BTC accumulation stage because it's still too early for me because what I'm getting now isn't even one year old so a little BTC has been collected so I don't know how big this accumulation is but I'll calculate it after the next 2-5 years to Regarding the average price obtained, each individual has a different way of looking at them but I'm sure the result will be the same for finding profits in the future.

Now that's what I don't want to happen, at first DCA was favored but they have changed the strategy structure due to the price going down and trying to buy more to leave DCA I didn't do it for me to stick to the main strategy with DCA being the main priority and it's the same getting bitcoins regularly to buy now for me is the same but don't leave what has been done before.

Maybe many people have been tempted by the current price and changed direction to buy and even add from their savings because they think this is the lowest dips but really we don't know how low it is, what if it's even lower?
All of this requires a mature strategy and arrangement, not just looking at the movement, which in fact is not necessarily the right one.

As it is in me because I have accumulated btc relatively simply and will not be too aggressive, I only focus on initial practice and it is unlikely that this will be destroyed because of the aggressiveness of wanting to have btc with all its capital.

Think about the future, do it calmly. My principle.

If you are worried that your budget does not allow you to buy as much BTC as you have been buying with your DCA strategy, then you might need to rethink your situation and determine if you might be in a better position to cut back on the amount of your DCA.  Of course, there is always a risk that you end up cutting back on your regular DCA amount and then you regret such decision once the BTC price goes up (if the BTC price ends up going up at some point).

You are really the ONLY one who can find the balance that works for you, and reaching such balance is not always easy for people who might be in relatively early stages of BTC accumulation.  I am pretty sure that I was somewhat nervous in regards to my BTC accumulation levels for the first 3.5 years of my investing into BTC between late 2013 and early 2017, and it seems that some time in early 2017, I started to feel more comfortable, which likely largely had a lot to do with my BTC moving from negative (losses) to being in profit levels.. So surely when in sufficient profits, there can frequently develop more comforts, but still, depending on individual circumstances, it could well take way longer for others to reach such comfort levels because when I came to BTC, I already had a decently sized amount of my overall investment portfolio that I could allocate to BTC.. and some other people might come to bitcoin and it could take them much longer than me in order to reach comfort levels.. it could take some people longer than 10 years to reach comfort levels.. and we don't even know that either since there are no guarantees and we do not know the future of BTC's price performance, even though many people continue to believe that bitcoin remains amongst the best of asymmetric bets to the upside.. but of course, that upside is not guaranteed, either.

I wouldn't say an increase will occur after yesterday's drop to $18k from $20k and I also wouldn't say that the decline will continue until the price is below $18k.
One thing is for sure that Bitcoin is not the same as any other crypto and the market situation is bound to fluctuate.

We just need patience in dealing with situations like today because a rainbow will appear after a heavy rain.

For me maybe I've bought dips before and this will be kept as a closed note and start with DCA for the routine that is run with my commitment, I don't know what's going on in the market even I don't care how much you buy dips, but I want how much BTC has been obtained so far from DCA on the road and are we ready later if our high price has a lot of Bitcoin for us?

I know investing now is much better, but in my opinion it is difficult when finances are unstable whether with other basic needs being a living burden, but this DCA can still be run according to the specified allocation, now I have a little comfort where DCA is much more good for long term accumulation.

Each has their own way of when to buy bitcoin regardless of whether they see a market correction. No one forces them to buy when the price drops 5% in 24 hours because it is always possible to see more of a dips during the panic session. Accumulation + DCA is a great mix for anyone looking to become a holder in the long term, but start small and fit your budget. You can also still wait longer to buy, there is no obligation to buy if you can patiently wait longer.

Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.


Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.


Another good thing about DCA is that an overwhelming number of regular people do not have lump sums of money (whether by using debt or by using other assets that they might have) in which they are able to frontload their investment into bitcoin (or any other asset in which they might employ DCA), and in that regard DCA is amongst the most practical of methods to get a stake in BTC. 

If we are looking at an investment that might take 10 to 15 years to really build up a sizable position, then surely it may well be better to front load the investment but people are not necessarily able to do that.. so DCA remains amongst the best of the alternatives, even if they might try to be aggressive and to front load their investment into bitcoin in the beginning (such as their 1st 5 years or so), and then maybe don't invest as much after they have established a decent position.. but of course, these are not easy matters to decide, and for sure there is a need to figure out various personal concerns in order to attempt to size the amount that is invested and over what time period there might be higher levels of aggressiveness that may or may not relate to whether the BTC price dips or not but instead based on the extent to which extra cashflow might be available for investing into BTC versus whether there might be any needs to diversify into other assets (I am not referring to diversifying into shitcoins here)..

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.