Topic: Buy the DIP, and HODL! - page 536. (Read 135781 times)

Since I'm relating it to the age range, let me explain to you why to say it. And what you say is true, but emphasize that I do not discredit parents, so please understand more broadly that what I say is based on the surrounding environment and is stated here. So that when there is no match with your place or the people you know, it's natural. Regardless of old and young, of course I agree, but once again that parents in my area and your area must have a different level of understanding. Generally, parents are more focused on investing in assets that have a low level of risk. Given his old age, think about the benefits of retirement benefits, health insurance, and inheritance.

When referring to certain individuals, I don't think all parents have the same way of thinking or paradigm as the members you mentioned. Different backgrounds will show different results. You should consider this from the start when talking about individuals with their own investment goals. I'm not forbidding parents to invest in Bitcoin, but we also need to be responsible for the advice that will be given to parents who only look at it from a profit standpoint but are not prepared for losses. For example today Bitcoin touched $23K and are parents ready to see their portfolio shrink? then compare it with the stability of low-risk investment assets. whenever parents need funds to pay for health insurance they will not lose too much.

Again, compare it to young people who see a bearish market with a broad mind. They can find information quickly. There are 2 possibilities, namely selling or accumulation and Hodl. It depends on how you think, right?

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.

It is actually passion-driven. Some of my happiest days in the university was when I could transform polynomial equation and multi-dimensional matrix into computer programs which I can vary the input data to study the corresponding outputs. We applied this in our school work in modeling different engineering systems. It was fun and fulfilling but short-lived. Well, these were basic programing done with MatLab, Visual Basic and Excel. To make a career in programming, one needed to learn more advanced languages like Java, Python, C++ and more; this I could not do because I had to find a job to survive... that was the reality on ground. Besides, the funding for such adventure was not there as I am not fortunate to come from country where there systems grant students access to academic loans. Had I had any means of surviving for the interim then, I would have pursued a career in coding.

I have not actually jettisoned the idea entirely because the passion is still there. So, it is a matter of time before I start all over again.

Reason Behind this dump or small dump?

I was awake at the time when BTC crashes in just matter of minutes. (It was night here at that time). I was observing the market and began to think what the reason behind it would be. Then I slept and today I found one article posted on Coin telegraph website which covered 5 reasons that are not 100% accurate or confirmed reasons but it is what it is:

1. Elon's company SpaceX sold a lot of BTC (worth more than 350+ million dollars).
2. Fear of an increment in Interest rate.
3. Some Financial analysist says the bond yield was going up.
4. Devaluation of Chinese Yuan.
5. Some says, market was dumped by whales to enter into ETH, as just after the dump ETH ETF got approved.

To be honest I knew less but after reading such articles i can say i am improving day by day. Here is what I think, Fear of an increase in high interest rate and the yield bonds getting high are related to each other because in BTC there comes volatility but lending money to government do assure them returns at least plus the pressure of High interest rate also encouraged people to put money into government instead of BTC. Devaluation of Chinese yuan already affected the price of BTC once in past in 2015. (Already written in the article). Point is i quite not really understand if they are not adopting BTC like they banned it then how their currency could directly affect the BTC price because back in 2015 they did not ban BTC like they did it now.

Lastly, this ETH shit to buy more ETH they sold BTC. I am not buying this shit but let's say some people do not respect BTC or decentralization they respect money, and they are whales i think so it might be a reason too. Well, i can say one thing for sure that this is just a temporary thing, and we should not panic instead those who have fiat should take entries by doing DCA. Because in the long run BTC is there to stay. One more thing that really excites me back in 2020 the RSI of BTC was same as was today.

I am not seeing at the lowest RSI point (tbh i do not know what that mean is but i will learn about it too) the thing which i noticed is, back then after touching that RSI point BTC consistently went up to the new ATH does it mean now BTC will also go to that point.

Back to the title where this moment is right for anyone to accumulate Bitcoin, yes Buy BTC DIP and HODL. But don't forget that September can be said to be a month of blood, so stock up on fiat ammunition for DCA in the month to come. ATH is getting closer if you are a gambler then it is a challenge. Don't really care about the FUD issue because personally I don't want to know why Bitcoin fell this deep to $23K because when I know it always has an impact on the mentality of holding Bitcoin and remembering the value in the wallet. Accumulate and keep accumulating until you reach a certain target. 

actually depend on what altcoin you held in your wallet , Because there are some that gets pretty good growth , but we have no assurance on those specially shitcoins and memecoins . instead we must keep trusting bitcoin above every currency because of its safety that we already proven for many years now.
Perfect choice mate, never listed to shitcoin holder about diversification specially these days that we are nearing Halving?
lets put all eggs in single basket,.
lets care nothing about they concern because it is our money.

We are indeed preparing for the growth phase and indeed it is a recommendation for a phased buying moment or DCA at prices like this, everyone has a will at what price they need, even if they regret not waiting longer because of a bigger drop of a few hours or a few days afterwards.
There has always been a similarity in price movements in bitcoin in its cycle, including what you said in 2015-2017, but if you want to look more closely at prices that are more similar to what is on the bitcoin chart in 2019, you can see clearly that the bitcoin chart formation is more similar, because at that time bitcoin was during a prolonged sideway and had no direction bitcoin was declining again, if the 2019 movement occurs again, most likely we will experience a continue decline, the $22k level is the target.

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.

I think BTC is going to be fine Sir, Yes, the day's BTC dips down to a price of $25,166 and this still normal. My mind says, today's crypto market may be gearing up for a new growth phase and today's events may be similar to Current BTC Price Cycle Similar 2015 – 2017.

Absolutely, the ongoing correction in Bitcoin price appears to be direct response  to recent statement of FED regarding the potential for future interest rates hikes. However, this correction is likely to be short lived and doesn't reflect that market definitive shift towards sustained bearish sentiment. Although we can not predict anything with certainty when it comes to Bitcoin price, but most likely the extended bear phase commenced in the 1st quarter of 2021 has already reached a point of saturation. Hopefully, the floor price reached around $15,000 during that period will not be revisited.

Fuck crypto.

Who gives any shits about crypto?  especially in this thread.


You are both projecting and full of shit... No one here is talking about Forex trading, or trading in general, and I would not even assume that trading forex is generally giving regular people "capital" to be able to invest in bitcoin.

Another thing is that bitcoin buying and accumulating (including buying on dips and HODLing) is for everyone, including people without very much capital; however, there is some truth to any assertion that there is some needs for discretionary income since it likely is not very healthy for anyone to be attempting to invest with money that they either need in the short term, or that they might even need in the longer term if they have uncertainties with their cashflows in a less than 4 year timeline, then they might want to be careful when investing into anything that can be quite volatile, which includes bitcoin.


That does not really help too much, especially suggesting (to what seems to be a troll or a shill or even a disingenuine poster) that we are talking about BTC trading in this thread, even if there might be profitable ways to do it..


Oh?  That actually sounds like a good idea, if you are going to do something that you already want to do, and even if bitcoin gives you a further incentive to do it, there is nothing wrong with that, and surely you might be able to figure out some kind of a particular niche for yourself or if you do end up studying the coding, you may well even figure out some various angles that you had never thought about previously and potentially be able to share some of those learnings with forum members or even possibly find some angles to bitcoin that others had not seen (which surely is a higher aspirational level, but it does not hurt to have more people looking at various aspects of bitcoin's code whether it is on the first layer or some higher up layers or perhaps some applications that might need some more eyes upon their code).  


I imagine that you are responding specifically about my response to Odohu, and just to note that it is much better to not cite whole posts if you are ONLY responding to a portion of such post.

In regards to your actual response, sometimes we are not able to do exactly what we want in life so we have to figure out our various compromises or the various ways that we might feel that we are able to attempt to focus ourselves, and surely there are some people who are able to learn a lot of varying skills and specialties, but many people do need to attempt to focus on a narrow number of things, and surely even knowing some of our own limitations is a kind of skill in and of itself.. that maybe is never completely learned.. meaning that we are always needing to figure out how much that we are able to push ourselves into learning new things or if we might need to take some things off our own plates in order to attempt to be more effective at other things that we might have going on in our lives.


I am a little bothered by this mindset, even if you might end up being correct Dickiy....

There are no guarantees of great performance, even if we extend the timeline out longer... even though extending the timeline does seems to give us greater odds that our BTC holdings will be in profits (even accounting for inflation and/or depreciating value of various fiats, including but not limited to the dollar).

At minimum we would like our BTC to be able to outpace the performance of fiats and also other assets, but there is no guarantee of that either, even if we may well consider that there are a lot of good things ongoingly happening in bitcoin.

So if we are going to be aggressive in our bitcoin accumulation strategies merely because we think that we are going to be rich as fuck in 5-10 years, it could well be the case that we are deferring too much of our actual needs to live our lives and not to become overly confident in upside scenarios that are probabilities to happen rather than guaranteed to happen.


You seem lost Onyeeze.. especially since:
1) we are talking about bitcoin here, and you did not even use it one time in your post..
2) do you believe that bitcoin and crypto is the same thing, so you can just throw around that vague nonsense term, even assuming that you were talking about bitcoin when you blabbered out that gobble-dee-gook,
3) you mentioned buyng, selling and knowing when to do it.. .. and if you had looked aty the title of the thread, there is a focus, in this here thread about buying and HODLing.. not selling.. we are not talking about selling here..
and
4)  your questioning "what so difficult" seems to be quite out of place, when you don't even seem to have any clue about the topic of the thread, so you are having quite a few difficulties of your own. ..including pretentiousness to be asking "what's is difficult?"


You seem to be misusing language here.  A correction does not necessarily mean that the BTC price is transitioned into a "bearish" posture.

I otherwise agree with your point that this seems to be a kind of signature "buy the dip" moment.. .. even if you had alreadfy been buying all the way down from $28k-ish from yesterday... but yeah some folks do have a tendency to wait for BIGGER dips, and I am not going to proclaim to know when it will stop.. and perhaps that's why I have my systems already set up in which I had already been buying since right around $30k... in $500 increments.. and if we were to end up getting down to $22k-ish (that I don't want to happen).. then I might have to reconsider whether my already outstanding buy orders between $13k and $20k (that I also don't want to execute) are still adequately placed.

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.

I don't what is difficult for we to target when cryptocurrency is in bearish and buy and after buying you hold your coin and decide on when to sell, really whoever that mean cryptocurrency investment knows it target and they know when to buy and when to sell their coin, but some people don't know, buying any cryptocurrency and keep it for long to sell doesn't guarantee us profit because the price of can alternate to another, and it will not make profit for you, so it's good when holding your coin you suppose to have a particular plan of when to sell that you will not lose

Since we realized that government cannot help in the situation on ground with having our financial freedom back to us, the earlier the better we realized bitcoin as a means to have this rescue, if we make use of bitcoin, i think there's no need of struggling more towards having a financial challenge with government when we already have alternative with bitcoin, there's always a profitable achievement on every hodl we give on bitcoin investment aside the privacy advantage we stand to get, bitcoin has brought in many opportunities in diverse ways to the financial economy making it decentralized.

Whatever it is, it's never too late to start something if you really have the determination to do so, remember you are a little late here when others are already hoarding BTC but you are new to this. Therefore there is a term "talking is easier than doing it", I am a little encouraged by these words, and I will agree with myself not to stall anymore and will save more money and then save and exchange it for some BTC to hold according to the analysis target that I have set. It's okay, start from now and it's better to sacrifice everything from now on for a brighter future. Looking at the history of price movements in the past now I am very confident that in the next few years BTC will become very rare and we will get a lot of benefits when BTC rises beyond its highest price two years ago 2021.
So take advantage of all the opportunities that you can use to then collect some BTC and resist any temptation that comes telling you to sell it, it's too early, remember the next 5 or 10 years BTC will be amazing.

There is no doubt that for those of us who already trust bitcoin, we will continue to trust it and take actions to support our trust, in this case we make purchases. And I'm sure we all have found concepts and plans. But I just remind you here, because usually we forget about something, because we are too comfortable to do it. I'm going to remind you again, especially for myself, to stay on track with your plan, don't get off track. And also we must not forget something of our priorities to fulfill the necessities of life (primary).

We most certainly do, and that's also the reason many folk keep flocking to the accumulation of Bitcoin especially in this critical moment that where it is believe through past happening that Bitcoin will be having the potential to actually hit another ATH sometime in the near future which makes this particular period the ideal time for any Bitcoin lover to actually hoard as much Bitcoin he can get his on but that's of course you intend selling when BTC reaches ATH because am well certain some big time holder plans on even holding for more than this period but for me I will sell off a portion and be ready again to stockpile after the bull run but I think I won't necessarily wait that long since DCA is already my buying strategy at the moment.

Even fiat are used for illegal businesses. There have been a lot of documentary that global terrorism is funded with fiat via NGOs. So, how a technology is being used is not enough reason to forget the beautiful side of it.

You have highlighted insightful points regarding influence of governments and efforts of individuals in achieving financial prosperity. In the context of free market economy, the role of governments is to create conducive environment for investment, and to provide equal and fair opportunities for all citizens. Subsequently, it becomes the responsibility of each individual to define their log term goals, formulate plan and implement effective strategies to realize these ambitions.

Certainly, as Bitcoin enthusiasts, we have strong faith in Bitcoin's potential to transform lives of those who persistently strive to accumulate Bitcoins.

Answer to your query is not fixed but a variable one because if we look at the history events of Halving, we will see not every bull run starts just after the halving, some took 6 months, some Tooks 3 months and one bull run Tooks 13 months, i think. The difference of months i told here is not confirmed but you could confirm them by searching on the google search engine by writing these prompts or in any AI tool which could provide you up to date data.

"When did Bull run starts after halving of 2012, 2016, 2020" We can see halving took place in 2020 but ATH was set in 2021 which means the difference between these bulls run dates is huge and does not depend on each other.
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.

But again I tell you, using Bitcoin to buy Heroine from the dark markets is actually one of its greatest use cases to illustrate censorship-resistance - the network's main value proposition. That it can't be shut down even if it's being used for "bad use cases" shows that it works.