Topic: Buy the DIP, and HODL! - page 535. (Read 135792 times)

I understand you very well. My excitement is primarily because the adjustment made me to gain more Bitcoin than I would have had if I had bought at the market price then. Initially I was planning to market execut when price lingered so much around $29400. But adjusting the orders lower in anticipation of a little dip following that discussion made me gain as much as 11% of Bitcoin. This is the reason for my excitement.
Anyways, what matter most at this point is buying Bitcoin within the levels it is as that to me is a wise decision. Bitcoin is heavily under-priced at the moment so any entry point within the zone is fine.

Bitcoin is currently over 26k$ today, and most of us now buy it for sure, especially those who do DCA in Bitcoin because it's a big deal and opportunity and then just hold it again.

Having extra money in an industry like Bitcoin business is really a winner.

Bitcoin is currently over 26k$ today, and most of us now buy it for sure, especially those who do DCA in Bitcoin because it's a big deal and opportunity and then just hold it again.

I don't get a lot of pleasure from my buy orders getting filled, yet I usually consider them to be offsetting the negative news in which the BTC price ends up dropping and frequently dropping further than we really think that it will...

it is kind of like making lemonade out of lemons.. with the assumption that you did not want the lemons, but you will still try to get some kind of benefit out of them...

and like you said that if we end up setting these up correctly, we can achieve a bit more of a kind of emotional neutrality - even though I doubt that we can really completely achieve emotional neutrality but having preparations in place for a wide set of scenarios does seem to take off some of the severity of the bite.

But if BTC continues to be misused like this then authorities will take some bold actions against it

but i think your intentions are just to show that BTC could be used for anything, and those authorities still cannot do anything at all and i am agree with you.

After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k,  $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience. The recent dip in price have shown me the beauty of flexibility in the market as most of my orders have been filled at much lower prices than it would have been should I had market executed.  Even if no further dips, I'm good now and should there be more dip, I will maximize it as well.

Let the market do what it does...

Well, the plans seem good, I won't say its stable on the 26K because, for a couple of days, we can experience a new tight range of 25 to 26 and I would like to say this can be a good opportunity who still haven't prepared themselves for the halving at least they should not let go this event. Also, i won't say this is a good strategy to follow the accumulation Because on regular accumulation you never wait for the dips like 6% 7% market drop there you need to follow DCA.

As if my Goal is 1BTC accumulation i cant afford 1 and once even I cant afford 25% of it, so there i will prepare my way to constantly accumulate all i can do for more progressive accumulation is i can buy more as if i was buying X$ a week and now market recently took a dip of 6% or 7% i will try to go for 2X or at least 1.5X of regular events.

Its seems good ideas with your planning keep accumulate to reach 1 Bitcoin assets in your portfolio and don't stop for buying back exactly right now another dip coming again. Last night my order have been filled with Bitcoin price around $25,800 and its the best chance for investing with bitcoin in dip price. Almost raise 1 Bitcoin in my portfolio by accumulate every day with not too bigger amount but I don't give u for spending few of my salary to invest in Bitcoin. Looks Bitcoin still on stable around $26,000 have good moment keep accumulate how many possible as our portfolio assets until expecting break out to higher price again one day later.

This is a good point Dr.Bitcoin_Strange.  Sure, there may well be some advantages in terms of having some flexibilities in terms of where to place BTC buy orders, yet at the same time, we can get misled in terms to figuring out when the down correction is going to either stop or reverse... so time and time again, guys can end up getting way too greedy in terms of thinking that they can figure out a lower bottom and thereby failing to sufficiently/adequately prepare themselves for UP at any given price point, even if they might have ONLY executed a few buy orders between $25.6k (our current low) and $29k-ish (the starting point of our most recent downward breaking).

Not setting orders when overnight bitcoin fell I bought at $26K it was already a low point and a good "buy the dip" IMO.
I waited for the dip price for a long time but this time due to the market going down, I made an entry at that price, it doesn't matter if you get a buy order at $25.5K but at the price you bought it is enough for me, even though it's not about short-term profits but I want to accumulate to reach 1 BTC a little more, the current hope is maybe 30% for the portfolio to touch 1 BTC.

Not setting orders when overnight bitcoin fell I bought at $26K it was already a low point and a good "buy the dip" IMO.
I waited for the dip price for a long time but this time due to the market going down, I made an entry at that price, it doesn't matter if you get a buy order at $25.5K but at the price you bought it is enough for me, even though it's not about short-term profits but I want to accumulate to reach 1 BTC a little more, the current hope is maybe 30% for the portfolio to touch 1 BTC.

I disagree with this, bitcoin is for everyone, and we need to teach bitcoin to anyone who is interested in bitcoin. It's not fair and disrespectful when you ignore the elders and focus only on the younger ones.

I do not deny that young people will be the future of the country and they are more open to new things. But there are also many elderly people who are always eager to learn new things, and we should not ignore them, should not underestimate the elderly. The future of bitcoin, of the world belongs to the young but don't forget the elders who built this world, and maybe Satoshi is also one of the old generations that created bitcoin for our young generation.

If I remember correctly, on our forum there was also a bitcoiner named Jet Cash and he was over 80 years old. I guess he is the oldest investor we have, but his enthusiasm and faith in bitcoin is many times greater than the younger investors we have.  Bitcoin is for everyone, we should not discriminate and ignore anyone especially older people and poorer people, they have the right to know bitcoin.

You are meant to have set your buy orders while you wait for the dip to go down. One can wait to buy at a lower price, and the market can just begin to recover again. Some weeks ago, I was just giving an example of someone who expected to buy Bitcoin at $25k, but after their desired price was reached, they still decided to readjust the order so they could buy at $23k. It could happen that the price does not drop to the new expected level.

Although I usually set my buy order before hand, recently I have had no buy order. Just yesterday I saw how the Bitcoin price was behaving, and I decided to set an order to buy at $25,500. Surprisingly, to me, it got executed. Even if the price goes a bit low, at least I took advantage of what I consider a price dip yesterday.

Just being good with technology doesn't automatically mean you'll be good at trading or know what to do with things like bitcoin dips and holding onto it. In 2018, I started learning about designing user interfaces and experiences (UI/UX). Over the next few years, I got jobs where I created websites and mobile apps for different areas. This gave me a chance to work with people all around the world and learn about making products.

In 2021, I met a client who was into something called "web 3" and cryptocurrencies. I worked for them, designing apps and things related to crypto. One of the things I worked on is called "tatspace" and the "tataspace trader bot". This helped me learn about crypto and bitcoin. That's how I got interested in it. Slowly, I started buying some bitcoin with the money I earned from my work, and now I have a small collection of it.

What I'm trying to say is, if you're good with technology, it's a bonus if you're interested in bitcoin. While learning about bitcoin, you won't find the technical stuff too hard, and it won't take you a long time to get used to it and become good at it.

You are meant to have set your buy orders while you wait for the dip to go down. One can wait to buy at a lower price, and the market can just begin to recover again. Some weeks ago, I was just giving an example of someone who expected to buy Bitcoin at $25k, but after their desired price was reached, they still decided to readjust the order so they could buy at $23k. It could happen that the price does not drop to the new expected level.

Tony you might actually be misunderstanding us a little. We are not disputing the fact that Bitcoin is for everyone because almost all of us in this forum will be super excited seeing Bitcoin sit comfortably in the mainstream and being a legal tender in all jurisdiction of the world.This is our utmost aspiration. We were actually talking with respect to the technology behind Bitcoin. You will agree with me that understanding the technology behind Bitcoin will make one appreciate the entire concept as well as the role of Bitcoin in the future we crave. This understanding is easier for the computer age and the tech savvy guys.

The older guys understand and appreciate Bitcoin more from the angle of investment that is why most of those having a firm grip of Bitcoin holding are the older guys because they know how to build and sustain wealth and so far, Bitcoin have proven to be a good source for that. Besides, computer was not started by our generation... there were computer gurus then and I guess the founder and creator of Bitcoin is not that young. So the resonate we mean is in terms of ease of understanding.

Holdings is very important in an investor's life, because if we want to achieve anything good, we must hold the holdings. Holding is the key to achieving good things. But before that we must buy at the right time. And the right time to buy is at the Dip. We should all be buy the Dip and holding. If we can buy the Dip, keep holding all the time, we will be able to achieve the highest success of our life.

There's really no way that I can disagree with your assessment that you personally came into bitcoin from more of a techie kind of angle than the way that I ended up coming into bitcoin, and it seems that I pushed back a little harder on Odohu's assertion partially because he seemed to be assuming that the tech-minded folks had advantages in terms of their both getting into bitcoin early and that they would have more readily understood bitcoin in a better kind of way that gave them conviction to mostly HODL rather than overly selling too many coins too soon.



I would suggest not to get your expectations up too high.  Sure, it is good to consider upside scenarios, but we also should consider both downside and flat scenarios, and it seems to be an unhealthy perspective to consider $29k as if it was "overly suppressed" or some other kind of sentiment like that, even if there might be some truth to it.

Sure, we might be arguing somewhat about semantics because I am likely of a pretty similar conclusion to you in regards to the BTC price being low in light of historical context and in terms of the 200-week moving average, but that does not cause me to take for granted that the next likely step is UP rather than down or sideways.

So surely another way of framing any question regarding where we are at versus where we might be going is to attempt to put bitcoin in a kind of framework while still considering UP as one of the possible directions, but even if you might assign higher odds to up rather than down or sideways, that does not even mean that the higher odds will happen.

So let's say that you assign your odds as follows:  40% up  / 28%  down  and / 32% sideways.. so even if you assign the highest of odds to UPpity, you cannot assume those others to be zero or even lower than they actually are.

Sure, you might come up with different numbers than me.. and sure let's give it a timeframe of within the next year, so we should have both time and price... so what are you going to do?  Are you going to refuse to assign values to the other possible scenarios or just talk about them as if they are zero just because they are lower than what you believe to be the more likely scenario?  whether you are correct or not, that's likely even another question.


One of the ironies in the situation seems to be a bit of a surprise from some folks in regards to the number of BTC that Luke had when he was seeming to continuously pleading poverty, and I am not even suggesting that he was misleading anyone since he is a kind of well known developer who has contributed quite a bit... and so sure, maybe there going to be some seeming contradictions in some situations when some facts might come to be known that seem to conflict with other previously asserted (or maybe previously assumed) facts.


There are probably some forum threads on the topic.. it seems that I might even be following some of them.. .but I had not seen anything posted recently..

I did a quick google search on the topic, and if you are interested in more then at least this article will give you something to springboard off of..

https://decrypt.co/118231/bitcoin-core-dev-loses-at-least-3-6-million-btc-to-hack 

Some have blamed him for being too arrogant in terms of some of the more basic wallets would have likely given him better security than his own seemingly make-shift systems... and surely he is not being criticized in regards to his technical skills prowess, but there have been assertions that there is some value in terms of various open-source systems receiving more scrutiny than some systems that we might create for ourselves and then not be able to adequately see their vulnerabilities well enough in order to protect ourselves from such vulnerabilities.


Personally, I have doubts about any kind of rush to necessarily learn things that you might not have the time and/or energies to learn, and sure if you have some chances to learn more technical aspects of bitcoin, then surely there is nothing wrong with that.... but I would not necessarily conclude that it is healthy to get too focused on the trees and thereby end up losing sight of the forest - because their are a whole lot of angles to bitcoin and there are a whole lot of people who still can value greatly from bitcoin without learning how to code or whatever you might speculate to be some kind of a technical barrier and/or handicap that you might have.

Sometimes, I do look to some of the techies to help me to figure out some of the issues, and there frequently be people who have knowledge in one direction who will attempt to lord it over you, and there were several of us who ended up NOT buying into the various techie BIG blocker arguments in 2016/2017/2018 and still sometimes brought up more recently, so there can be value in terms of engaging in critical thinking and sometimes being able to identify when someone is trying to lord your lack of knowledge over you. and sure sometimes I am way out of my league when I make some posts in some of the more techie threads of the forum, and sure sometimes I will still attempt to read some of those threads because sometimes there still can be some useful information that I understand and some technical people do have better ways of framing matters than others and they are not necessarily trying to trick you.

Bitcoin crash, don't panic, we are still expecting a buy dip, I will try to enter at the current lowest price.

It's not a problem when the price returns to bearish, it's an opportunity to accumulate more bitcoins at a discount with this we still have time and continue to buy at the lowest price. Take advantage of the situation that exists only for Bitcoin to be a good choice.

But we have to realize that each cycle has its own story, even though the movements can be said to be similar.
For now I think it's better to split your monthly DCA funds in anticipation of regretting the continued decline in order to get the Dip price in this month.

Bitcoin crash, don't panic, we are still expecting a buy dip, I will try to enter at the current lowest price.

It's not a problem when the price returns to bearish, it's an opportunity to accumulate more bitcoins at a discount with this we still have time and continue to buy at the lowest price. Take advantage of the situation that exists only for Bitcoin to be a good choice.