Topic: Buy the DIP, and HODL! - page 540. (Read 122897 times)

Of course, there have been all kinds of opportunities to buy BTC in the lower $30ks over the past year and a half.. but also uncertainties regarding whether the BTC price would dip more or not.

Anyone who is just getting into bitcoin over the past year and a half, and attempting to budget cashflow (and perhaps even lump sum savings amounts) in strategic ways might feel better to attempt to buy at various points along the way, which may well NOT end up being the bottom but the prices may well be relatively cheaper than other prices during the year.

Another dynamic that occurs is the uncertainties whether the various BTC price peaks are going to continue to run, so in the event that anyone getting into bitcoin might feel that s/he has not sufficiently stocked up on BTC and the BTC price keeps moving UPwardly, then those kinds of upwards price moves could end up causing such persons to stock up more BTC as the BTC price is moving up, start to believe that the BTC price might not come back down and then end up being underwater with his/her BTC investment because of such potentially BIGGER buys on the way up.

Of course, depending on how much cashflow/savings that any newbie into bitcoin might be bringing into investing in bitcoin, this could cause some uncertainties and even potentially feelings of underperformance of bitcoin as an investment.. which is not uncommon with any investment in the first years of investing into it, and surely bitcoin remains a kind of investment that has a lot of volatility, while at the same time, there have been a lot of people who have failed/refused to adequately prepare their investments for UP on an ongoing basis because they become too preoccupied with either previous dips or hoping for future dips that might not end up happening.

While in the middle of period of uncertainties, there are a lot of newbie investors into bitcoin who might not exactly disclose how they are investing into bitcoin and there might be some shame for their BTC investment portfolio being in the negative or not very far into profits, and personally, it seems to me that having some ongoing investment amount on an ongoing basis can help to lessen some of the emotions of the earlier years of investing into bitcoin, even if there might not be any way to completely remove emotions from the earliest years of building a BTC portfolio.. and furthermore, frequently guys want to present themselves as "ballers" so those kinds of inclinations can be problematic too in terms of both considering reasonable approaches towards investing in bitcoin and being able to act upon their own individual circumstances that might not have high levels of profits in the earlier years.. and actually could take 2-3 cycles (talking 4 years per cycle) to really start to feel that both the BTC investment portfolio is growing considerably and the profits are also feeling comfortable in terms of ongoing management of strategies to deal with that - which also might involve continuing to ongoingly invest into BTC even if the price per BTC might well continue to move up.. and BTC could end up becoming a large portion of the BTC investors wealth, so there will likely be needs to attempt to develop strategies and approaches to deal with those dynamics too (without screwing up too many of the preservation of wealth aspects of any portfolio management approach).... 

very lucky if someone here bought Bitcoin at the end of last January,

because the DIP price was right there at $33000 and it was also just a moment or panic sell,
look now the Bitcoin price has gone up again above $40000, there is a great chance to be able to return to the previous ATH, hopefully only 2022 can achieve it

Holy fuck!!!!!!

Hard to believe how dumb/gullible some folks can be - for sure Roger is a charismatic and believable kind of a personality.. but any amount of due diligence should have given some information regarding the absolute crap such a bitcoin imitator is.. and should not even have bitcoin in the name... part of the reason that folks should not be seriously referring to such piece of shit coin as anything other than bcash.. just to attempt to be clear that it is not bitcoin, even if it was a fork of bitcoin that went live in August 2017.

Does the honorable Elected Official actually know that he's receiving his salary in an altcoin, not actual Bitcoin? Roger Ver probably explained how Bitcoin and Bitoin Cash "bilaterally split", and citing Satoshi's whitepaper, Bitcoin Cash is the "real Bitcoin", because "peer to peer cash".

Elected Official, "YES YES THAT MAKES LOGICAL SENSE, I SHALL RECEIVE MY ENTIRE SALARY IN BITCOIN CASH".

This is how early we are. Buy the DIP, and?

How many more years must the Bitcoin network/protocol keep running before many nation-states discover that its true, underlying nature is to weaken and break old political strongholds? We as greedy self-serving plebs, how do we profit from this? Buy the DIP, and?

Simply to HODL.


It is never a thing that's easy to do ser, but buying the DIP during market discounts to get more Bitcoin and HODLing them is easier for plebs than active trading, especially if the market is in "hard mode". I believe 2022 and 2023 will be in hard mode.

What you are saying here seems to me to justify that each of us should make sure that we have a sufficient quantity of bitcoin in advance of any potential issue or crisis that might happen.... so we may well want to be careful about waiting too much to buy the dip.. because we want to make sure that we have a sufficient amount of enough of it.


First, we are not talking about selling our BTC in this here thread.. except the trolls, the shills, and those who fail/refuse to recognize and appreciate the long term value of bitcoin as an investment..

Second if your investment timeline is 4-10 years or longer, then you should not be giving too many shits about whether you might be profitable in the shorter term..

If you consider merely the past 18 months.. we have around a $10k starting point.. so we are currently around 4x up from there... and surely the longer that you go back, the more likely you are in profits, especially if you are buying regularly on dips.. or even just merely buying regularly without even considering if there had been a dip or not.  Personally, I think that the buying on dips is just a potential way to either buy a little more or to have a little lower costs, even though in the long term, it might not make a big difference.. so part of the point is that the longer you have been in bitcoin, then the more likely you are in profits and the more likely the BIGGER that your BTC stash has grown, so long as you have continued to stay focused on buying regularly and don't get caught up in short term ideas about selling or short term ideas about whether you might be in profits or not and other kinds of weak handed nonsense that fails/refuses to recognize that bitcoin is likely the best asymmetrically upside investment that we have in front of us and seemingly a vehicle that is facilitating the greatest wealth transfer in history so long as you might be able to recognize and appreciate such matter and focus upon buying and accumulating to the best of your abilities along the way.

Rat Poison Squared, Venereal Disease, this is an illustration that even the smartest investors in the legacy financial system can also be the stupidest people in the planet. They simply never made any effort to be educated to "get it".



It's early, DIPs are still for buying.

Patience not required, Bitcoin is not merely a financial hedge. It's a hedge in case politicians make bad decisions. Russia - Ukraine war is currently the best example, another one is Canada.

Buy Bitcoin, HODL it somewhere secure/safe, keep quiet about secured Bitcoin.

If you are going for a long term investment then yes buy the coin at lowest price and leave it for as many as as you can wait. Every month invest as much as you can and grow the capital. Just leave them for few years but never get tempted to sell them off at loss or at low profit. Patience it the key to success here. We can earn more profits if we hold the coins so.

have a 50 a day DCA for 3 months.


Today I grabbed 100 at 36 k and at 35 k

I would buy down to 1k at 1k drops at 100 a buy

and I will continue my 50 a day dca.

Is this clear enough?

that would be buys at 34k down to 1k = 3400 usd worth

and continue my 50 a day dca

and to repeat myself I think the drop to 34k+ was a reaction to the war really starting.

You seem to be avoiding the crux of my question to some extent, philip.

I am not really asking you to give up any more OPsec than you have already done to ask if you already have money that is earmarked and dedicated to such or not.

I do recognize and appreciate both the time and quantity (of down) element.. so surely the way that any of us might approach a matter such as the potential falling of the price of Bitcoin might have to do with both how fast it goes down and how far.

At any given point, we might already have buy orders outstanding or maybe even flagged amounts for various price points.....

I have mentioned several times that I have buy orders down to $20k.. so that has not changed recently... but sometimes there could be justification to change the amounts at each point in the ladder.. and then maybe even to change the increments or how far the buys go down.  

Let's say for example, you have already budgeted that every time that the BTC price goes down $1k, you will buy $300 worth of bitcoin.. but then your buy orders ONLY go down to $20k.. so then new events cause you to speculate that the BTC price could go down lower. .and maybe even that you want to be prepared for the BTC price going down to $1k.. just in case... therefore, either you increase your budget or maybe you do not have any extra cash that you can spare... so maybe you end up having to reduce your buy amounts to $100.. and then maybe once the BTC price goes below $10k for example, instead of buying $100 per each $1k increments, you change that to buying $50 for every $500 increments.

Of course, there are all kinds of ways to structure these kinds of matters, and after my own several years of practicing this matter, I have already figured out it is easier for me psychologically (and perhaps financially too) to keep my BTC buy orders outstanding with a kind of presumption that they are there in case the BTC price crashes down quickly.. but if I start to get close to filling all the buy orders because the BTC price moves down lower and longer than I had anticipated, then I may well have to readjust my orders and my strategy.. just in case and just to have insurance for just in case the BTC price goes down lower.

There have been a few times that I had gotten close to running out of cash.. and for me, the November/December 2018 correction down to $3,124 was a bit worse for me than the March 2020 correction down to $3,850.. and I am not really sure how to attribute my greater level of financial and psychological strength in the 2020 period as compared with the 2018 period, except probably to just recognize that I had fewer demands on the cash flow that I had dedicated to BTC in March 2020 as compared with the demands that I had on my cashflow in late 2018.. and sure another part could have been that the 2020 correction did end up playing out more like a bouncing/wick down event (like a flash crash, as you referred to) rather than the longer draw down and staying down that ended up playing out in 2018 into early 2019.  

Another way to think about the hypothetical could be that a person might have already dedicated $100 for every $1k price drop all the way down to the BTC price going down to $1k.. so that money is already dedicated.. but also to acknowledge that the current preparation is for a kind of "flash crash," while realizing if a "crash" down to $1k were to take 6 months or even up to 36 months to play out, then there would still be likely currently unclear amounts of available cashflow coming in during that time, and that at various points in the next 6 months to 36 months, there would likely be opportunities or even necessities to reassess the amount of cash that has been dedicated on the way down and to reformulate such dedicated cash to the extent that subsequent events (or cashflow reconsiderations) have caused some needs to reassess the amounts and the increments of the dedicated buy on the dip cash.

Maybe it is worth noting that I already recognize and appreciate that your actual current relationship with BTC is more in an accumulation phase than me.. and I consider myself to be more in a maintenance stage.. so sure maybe any of us could still be striving to take advantage of the dip, we still may well consider our own ways of budgeting our money (and psychology) in different ways depending upon where we perceive ourselves to be in terms of how much emphasis we might be giving to BTC accumulation versus BTC portfolio maintenance versus maybe being involved in ongoing liquidation (which if we were to be in a liquidation stage, we might temper our liquidation amounts during periods that we consider to be significant BTC dipping/correction periods).

I would buy down to 1k if needed. My belief is this is more like the flash crash at the beginning of covid.

You are free to believe what you want in terms of bitcoin's contribution to the space and the strength of it as a long term investment, and I believe that bitcoin's long term investment thesis is much stronger today than it was in 2013... so even if the upside price potential has been dampened by some already existing price appreciation, bitcoin likely is amongst the strongest of assets that anyone can invest into, if considering both the upside potential and the downside risk.....

Since bitcoin remains such a great asymmetric upside, there is likely no need to gamble big on it.. just merely invest somewhat aggressively within your budget and likely your investment will profit stupendously and if you are able to have a longer timeline then you are likely to be even better off.... Short term, it is not always clear about whether you will end up being profitable, but a 4-10 year or longer investment timeline would be a good way of thinking about the matter if you have that much ability to invest for at least that long.



Sure.  Each person needs to decide for himself/herself, and sometimes it can take a long time to learn bout something as intricate as bitcoin.  You can spend 10, 100, 1000 hours or more studying and investing time into learning about bitcoin, and there are not too many bitcoin naysayers who spent a lot of time studying it.. but there are quite a few naysayers who don't seem to understand what the fuck bitcoin is.


I don't see why there is any purpose to appreciate people who do dumb shit and gamble... even though there are people who do dumb shit, and they have a right to do dumb shit... no reason to praise them, even if they have rights to do whatever they like.


Don't get distracted with unit bias nonsense..  You can invest $10 per week into bitcoin if you like.. and sure you could measure your progress in satoshis rather than being worried about whether or not you have accumulated a whole bitcoin.  In other words, work with your own budget and don't dilute your own budget by buying a bunch of shit.. if you ave a limited budget, then maybe start out with $10 per week and work your way up to $100 per week or more.. and in the end, you do what you can to build your satoshis stash.. and if you keep building, you will likely be quite grateful that you did it.. especially 4-10 years or longer down the road.

Don't get distracted into bullshit projects, and surely don't get distracted into some stupid ass project merely because it is cheaper and you buy into all those distracting, deceptive bullshit talking points about getting rich quick or that they are the next bitcoin or that bitcoin is inadequate in various ways.. figure out bitcoin first, and then if you still want to invest part into shitcoin nonsense, then do that after you have already established your bitcoin strategy..... but hey, there have been years and years and years of people getting distracted into various shitcoins and then failing/refusing to adequately establish the bitcoin portion of their investment portfolio.. and if you only have $10 to $100  per week that you can invest, it does not make too much sense to allow your budget to get diluted into gambling nonsense... but if you happen to have $1,000 per week then you have more luxury to maybe shave off some of that to play around with shitcoins.. perhaps? perhaps? 

Each person has to decide.. how to apportion their investments, and if they are investing long term or if they are gambling with short term plays.. and if they are trying to do both, then they have to decide how much of their budget to allocate to each and if their budget is big enough to divide up or if they would be better off to build up their portfolio first before getting distracted into gambling that may not end up ever building up their portfolio.

I believe you’re right to say that “no one can be sure what Bitcoin will be”, but in deeply learning what Bitcoin is and what it can truly do, wouldn’t you say that it has an underlyng nature to break and weaken socio-political strongholds? We’ve seen institutions HODL it, let’s wait for nation-states. It cannot be avoided in my opinion.

Bitcoin to six digits. Buy the DIP, and HODL.

Investment patterns contain different ways, sometimes people believe bitcoin in the long term will be better, so they adopt the long term as a strategy, really no one can be sure what bitcoin will be in the long term, but hasn't bitcoin shown a fairly improved development from early appearance.
the problem of people investing anywhere is not my business, and it doesn't really matter what they want to do, right now I'm only interested in discussing bitcoin, because this coin has proven to be more stable than others, so try to think wisely to start a discussion with each other.
It's true that it's a waste of time investing in bullshit coins, but we should also appreciate the people who do that, because not everyone can afford to invest in bitcoin.

It’s hard to be wrong if we plebs always look for a discount, or a “sale”, when we purchase Bitcoin, clothes, shoes, or ANYTHING. Because every Dollar saved, is every Dollar earned. It’s ironic to post that phrase, but it has a point. Hahaha.

Let's say hypothetically the BTC price goes all the way down to $10k.  Have you already set a sufficient amount of cash away to ladder buy all the way down to $10k... or do you consider your budget based on how long it might take to get there, if it were to get there.

By the way, I believe that the odds of going below something like $23k would be pretty low.. even though it surely is possible to wick below that $23k price point.. .. right now the 200-week moving average is just crossing over $20k, and historically the BTC price has not touched the 200-week moving average very frequently.. and furthermore, usually it would not stay at or near the 200-week moving average for very long and also most of the time we would need to be in a bear market for the 200-week moving average to be even feasible.. and it is not clear that we have entered or that we are likely to enter into a bear market.. yet...   though of course, the Russian armed entrance into Ukraine has sure caused concern that such a set of affairs could trigger such a transition into a bear market..(beyond just a severe correction) for a certain amount of time.. yet to be determined...

Regarding if we happen to be in a correction of a bull market rather than a bear market, then usually the 100-week moving average would be the bottom, and currently the 100-week moving average is at $32k... .. so surely we are close to touching that now, and breaching it could cause further cascading of confidence in BTC and thus cause greater likelihood to break below and perhaps into the $20ks.

For sure, I would not proclaim to know where the bottom might be with any level of certainty.. and surely there can be some value for whales to shake out as many weak hands as possible (especially during times like this).. and our recent moves down seems to show that there well could be more weak hands that are available to be shaken out... 

The next 3 days (72 hours) are critical^tm....   

buy x only if you will buy x at 32k and 30k and 28k

i just got a piece and will ladder down to as low as it goes.

note this is in addition to the 50 a day dca that I have.

Lets hope that the  Russian /Ukrainian war ends quickly with few casualties.

God bless those in harms way.

Correct! Let's bear in mind that it's always too good to be true when it comes buying and holding.

And we need to make our own way when it comes analysing the graph instead of listening to those crap content creators in youtube because most of their information is to gain views only not for the safety of our investments.

Let's just be practical as well to prevent risky situation and in order to have a good return after all..