Topic: Buy the DIP, and HODL! - page 543. (Read 135640 times)

Actually for some people selling some of their assets (bitcoin) and waiting at the bottom price might be possible but I think this cannot be recommended to everyone because obviously the risk is quite high when you sell some and hope to wait for the bottom price but bitcoin is difficult to predict like that what if it happens otherwise after selling bitcoin has increased.

I would prefer if you really want to wait not by selling your assets but looking for other alternatives in spending so that you can set aside for bitcoin.
It will be more worth it, apart from our safe portopolio on the other hand we can also still buy when bitcoin experiences a temporary decline and make our portopolio fatter.
That would be much better especially for those who do not really understand about analysis and only do based on the analysis and speculation of others.

Appreciate your prudent advice to exercise caution while making decision to sell Bitcoin during the  small rallies, specially when the intention is to time the market and predict the movements. Such actions can be very risky, potentially reducing the amount of Bitcoin held. It is crucial to continue holding Bitcoin during the period of market volatility and avoid making impulsive decisions. I firmly believe that exercising patience yields positive results ,when it comes to investment in Bitcoin.

You need to be careful about suggesting that people sell BTC at various price points - especially if you are suggesting that they would be "taking profits" by selling because there are a lot of people who have way too few bitcoin, and if they end up selling bitcoin too early and/or BTC price does not end up falling, the they may well end up screwing up and engaging in bad practices - including that this thread is not really about selling BTC to make profits, but instead investing in the long term, continuing to accumulate BTC, and perhaps down the road many more options could well be available due to a practice of primarily accumulating BTC over many years, even if there are UPs and downs along the way.  

We cannot necessarily know at which points most people are going to have had reached overly high levels of BTC accumulation that might make it prudent for them to shave off some BTC along the way, and maybe selling a low enough amount that they are not worried about if the BTC price never ends up dropping down so that they can buy BTC back from the proceeds of the BTC that they had sold...

Again, most people do not have enough BTC.. so it may well take a while before building up enough of a stash in which the BTC HODLer might be starting to fell that s/he owns too much BTC.

Another problematic area in which you are suggesting to sell around the time of the halvening, and sure maybe a BTC pump will come around the halvenings, but several times, it has taken several months before the supply constrains (that are a result of the halvening) are starting to be felt.. so for example in 2020, the halvening happened in May, and there was a bit of a prehalvening pump, and then there was a pump at the end of 2020, and then there was a pump in the beginning of 2021 and then there was a pump at the end of 2021.  So how are you going to know which pump and hopefully people do not sell too much too early, even though we know that many times there are folks who end up selling way too many BTC too soon.

Similar in 2012 and in 2016....there were several times in which the BTC price pumped quite a lot, but it kept pumping.. so some guys sold too much BTC too soon in each of those pumps, and then they end up having regrets about it. .including not knowing when to buy back and sometimes ending up buying back higher than their sell price.. and all kinds of weird things can happen when BTC HODLers sell way too many BTC too soon and speculate that they are going to be able to buy back cheaper but the BTC price ends up continuing to go up and they would have had been better off to not have had been fucking around with selling in the first place because they did not even have enough BTC in their investment portfolio.

It's a good time to buy the market is starting to drop to 28k$ but still holding on to 29k$ I was really hoping it was going to drop to around 20k$ or even lower again but its looking really difficult that its going to happen, It's surely going to be a huge mistake not accumulating Bitcoin at this point I mean everyone is already aware of the Market cycle and in my opinion, most of the people are going to be ready for the Bitcoin halving, but we are lucky that the hype of Bitcoin halving is still wasnt trigger, usually in my experience there are going to be a huge pump if the Bitcoin halving is near within a few months of the bitcoin halving, so that is also a good opportunity to sell some Bitcoin in my opinion if your planning to take some profit. It's really important to have liquid fiat money or saving at this point because that is the money that you could use to invest once that market price or you have money that you could use in case you have an emergency.

I did this mistake last bull run not accumulating a lot of Bitcoin or cryptocurrency I was a little late but still make some profit, so i just want to buy or accumulate more as soon as there is still time to do it.

Only naive people, lay people and people who don't understand standards equate bitcoin with shitcoin and this should be straightened out from the start and we may be able to tell the lay people but not the naive.

On the other hand, what I think now when we discuss about crypto then there will definitely be a sub discussion of bitcoin because bitcoin is one part of it but if we discuss about bitcoin then it is already specific as I said before so we cannot mix bitcoin with shitcoin.

That's the point, although maybe for some of us we might understand that but of course for most people it's going to be ambiguous in terms of terminology.
As for when talking about price speculation I won't say much considering I'm still enjoying this thing at its current price.
But only one thing is certain right now, sooner or later everything will change and all we have to do is wait and relax without thinking about fluctuations and buy if we have a purchase plan with the money we have.

Yes but those who embraced bitcoin know the important of bitcoin but just that they don't know how to use it but they know that bitcoin is a digital currency but don't know how to go about. So they need you and me to enlighten them. In my country the government used the Central Bank to ban the transaction of bitcoin in the banks but the purpose of bitcoin is utilized very well which is the p2p transaction. Even when the government banned bitcoin in their jurisdiction they can't ban the individuals to use bitcoin and that is where p2p transaction come to play. Yes businesses are adopting bitcoin in their payroll.

Bitcoin have gained ground no doubt but a good percentage of the world population are yet to embrace Bitcoin. Remember that government policies in some country slow down Bitcoin awareness and penetration.  So, I wouldn't say we are there yet as I still see Bitcoin as something that is making way into the mainstream.

Interestingly, a good number of businesses I know of are implementing Bitcoin payments and many are seriously considering same. As a matter of fact, I am also working on a project that will push this further in my locality and at a later date I will share details here for more suggestion and guidance.

You don't necessarily need to understand all of the posts, and since the thread is over 10 years old, sometimes members will bring up their memories of topics that had been discussed months earlier or even years earlier, and surely sometimes the reference might not be clear.  You could go back and read some older posts or just jump in at any post, and sometimes members might attack you for being a troll, a newbie to the thread, a shitcoin poster, but if you are posting about bitcoin and you are asking questions and trying to share information rather than trying to act like you know everything, then generally members will be more open and receptive to your posts. 

I know that sometimes when the BTC price is not moving very much or maybe if seemingly negative things are happening in bitcoin, then there could be some of the members who have stronger feelings about certain topics, too... 

I started posting in the thread in February 2014, and many times members would ignore my posts, so it sometimes can take a while for other members to get to know you, and sometimes some them like you and some of them hate you for some of the things that you post or maybe sometimes they have their own issues and/or pet peeves, or perhaps some of them might be trying to test you. .to make you mad and to see if you break or not.. .. getting too emotional in forum threads can be one of the ways to go crazy and to also lose arguments, to the extent that you even care about whether you win or lose any arguments that might be thrown in your direction.


Yeah, but I was not really talking about "finding threads"  I was mostly referring to following threads that you have already begun to follow or following threads that you might want to post into.

Finding threads seems to be a different topic, that I did not even touch upon, yet.


Yes... you could do that, but the forum has a watchlist feature, but sure, you might find ways to use bookmarks in a more effective ways than using the forum's watchlist feature.  For sure, your choice.


hahahaha.. I am not always helpful.. Sometimes I am mean, as some members point out to me from time to time... which reminds me that we can get into trouble if we are off topic in these kinds of threads, but the WO allows you to talk about nearly any topic, so long as you are not pumping shitcoins.


Thanks for providing that link.  I was having trouble locating that thread, and also yes, fillippone has quite a few good threads, but sometimes if some of his threads were started a few years ago, they might not be as active right now.

The first thing to know when you are coming to the cryptocurrency ecosystem is for you to understand what is BITCOIN because it is the king of all the cryptocurrencies in the space. What is Bitcoin when you have known this and also known other cryptocurrencies in the ecosystem such as Doge, Litecoin,  etc then you can be able to differentiate bitcoin with other cryptocurrencies and this is the first step to take as a forum user so that you can also tell other users who are not familiar in the cryptocurrency. I really appreciate JayJuanGee for his great explanations.

So far so good, shitcoins cannot spoiled the name of bitcoin again because bitcoin has gained ground in the world. And every corner of the world knows bitcoin even though they don't know the uses and usages bitcoin but they know bitcoin so it for you to tell them the differences if they want to know.

The Wo Cult hehe seems to be a interesting thread, i can tell for sure from your excitement about this thread, I will also try to participate in discussion there. But i tried to read some few did'nt made sense to me so i think i have to read 2 or 3 previous pages to understand what actually you all are talking about. Thanks for another thread where i could make some friends 
Everybody has there own ways to find threads, what i do is simply go to my profile and click on the latest post i made here on this thread and started to read some posts from there. Or i just bookmark them like i just did to WO thread. That's how i do it and i am not that active in other threads yet maybe because here i am getting some attention. You seems to be a good and helping member here.

ooh i forget to thanks you again for mentioning these bpip tools and extension tools, With your help i am able to know about ninja's tool and this bpip tools and i also looked for thread which you mentioned me in the last reply of where fillippone made a thread of getting notifications on hand watch. here it is -- how to be notified on a smartband of merits and mentions This thread was also easy to read and i am excited to do it but first i have to buy watch for that the one i have can not do this work. But again thanks for such helpful materials, i think if i dig into this fillippone profile i might find other helping threads too.

I am not sure if I am saying that.

I am saying that shitcoins are frequently engaging in affinity scams, but they surely have rights to exist and none of us can stop them.  Also, you have rights to invest in whatever you want, whether it is actually investing or gambling.

However, I am also saying that if you are talking about bitcoin and shitcoins as if they are the same thing or similar things, you likely do not sufficiently know what bitcoin is, and also if you are talking about shitcoins in certain bitcoin threads on the forum, then you may well be either off topic or you are being vague in regards to what you are talking about... especially if you use vague an undefined terms such as "crypto" or "crypto currencies."


One of the main dynamics of an affinity scam may well be to attempt to profit from the efforts of the thing of value (here that is bitcoin) by either making it seems that you are similar to the thing of value, or that the thing of value has various defects that your shitcoin may well fix or address.


That happens too, and they likely are ONLY damaging themselves because they ended up getting clouded by bad experiences, and then falsely thinking that bitcoin is sufficiently similar (in their head) that they fail/refuse to either research into it or to invest into it.

psychologically it does make sense, just like it makes sense that some folks who sold too much of their bitcoin too soon, and then they are waiting for the BTC price to drop (and the BTC price does not end up dropping to their preference and/or expectations), then those people frequently become bitter about bitcoin largely because they had failed/refused to sufficiently understand bitcoin and/or they failed/refused to take a more reasonable and/or prudent investment approach into bitcoin, including that some people (or many people) end up getting screwed by their bitcoin exposure because they fail/refuse to take their own keys into custody (and it is not easy to manage your own bitcoin keys either... so surely it is understandable how some normies end up getting screwed in a variety of ways.. not ONLY because they got involved in shitcoins or they failed to learn about how to hold their own keys and to exercise such self-custody).


Yes... At the risk of being overly dogmatic... If we clarify what we are talking about, then it is not so bad to use some of the words that tend to be thrown around in various misleading and ambiguous ways, and crypto and crypto currencies are not the ONLY vague terms that are thrown around in terms of lacking clarity in regards to talking about bitcoin or some related project.. or maybe sometimes it is not even related bitcoin, but the use of the vague term might cause some people to wrongly presume that the thing being described is somehow related to bitcoin... which sure everything is likely related to bitcoin, but it still does not necessarily mean that we should be throwing out vague, meaningless and/or misleading terms when we are talking about bitcoin.


No there is nothing out there stopping BTC from going above $30k soon. .or maybe it won't?  

Who knows?  and how much does it (or should it) matter in terms of short-term?  

How can we know whether bitcoin will go up or that bitcoin will go down in the short term?  I doubt that we know.

Nonetheless, each of us continuously has some personal choices in regards to our own bitcoin stashes.  

Do we have enough bitcoin?  are we already sufficiently prepared for UP?

If not do we, buy more right now?  that is if we have any more money to buy BTC, or do we need to generate money in order to be able to buy more BTC at these prices?  Yes, money does not necessarily grown on trees, and frequently it takes time for normies to generate money through their labor or maybe other ways that they might have available to them.

Another possibility is to wait for a further dip?  that may or may not happen.  

Have we made plans for any possible dips from here?  What are the conditions in which we would buy more BTC and have we set aside money in case the BTC price drops more from here?

If not, are we prepare for up.. or just with the passage of time, regularly revisiting these kinds of questions, to the extent to which we might not already have an ongoing BTC buying plan in place that we are already following and tweaking the plan and the employment of such plan from time to time.


Whoops!!!  I misspoke, because I meant to say forum member, and I accidentally used the term WO member---

WO = is the "Wall Observer" thread, but I did not specifically mean to refer to that thread.. so maybe subconsciously I had written that reference as if I were writing inside of that thread.

Sure, there are some regular participants of the WO thread, who ONLY go to that thread in the forum, and there are some special rules to that thread, including that it is kind of treated as the forum's troll box... which is just a kind of like a "live chat" thread without exactly being that.. because these days, the thread does not receive enough posts to be an actual live troll box, and sure, all of the posts in the thread are kept to the extent that members do not delete their posts.

My first couple of years in the forum, I did not really venture outside of that thread, so my first posts of the forum were in that thread, and I kind of felt as if it was the ONLY thread that I could keep up with... but in the past few years, I have been increasingly going to other forum threads, too.

Anyone can participate in the WO thread. It surely is the forums longest thread, but not all forum members participate in the thread.. and probably any topic can be discussed there, so long as it is not getting into shitcoin pumping.. so it is generally a probitcoin thread. and maybe would be good to have more forum members participating in that thread (as long as they are not trying to pump shitcoins), even though a quite a few of the regular and longer term forum members do periodically go to that thread, even if they might not participate regularly in that thread.  There are some forum members who purposefully stay away from the WO thread, and sometimes will refer to that thread as a kind of cult.. hahahahahahaha.. whatever.. Peeps can believe whatever they like.


What I do is I keep one of my browser tabs opened to the watchlist, and then whenever I come back to the forum after a few hours or after a day or so, I will click refresh on that watch tab, and it will show me all of the lists that I am watching that have had new posts in the past 12 or so hours.  It does not necessarily show all of the new posts, so I will have to click on edit watchlist and then look at all of the threads that I am watching and to go through some of them to see if there had been any posts in that thread since the last time that I read my watchlist threads.

I do tend to put all of the threads that I have posted in on my watchlist and I will sometimes put other threads on my watchlist too because either I want to read them or I might want to post in them some day.. or perhaps refer back to the ones that I am watching.   I do tend to find it a bit easier to find threads that I am interested in that way, and there are ONLY a few kinds of forum threads that I always keep an open tab on my browser 1) WO thread (and maybe one or two other threads that I am wanting to keep active), 2) watchlist thread, 3) any thread that I need to read (or respond to.. such as I am not caught up), 4) my own merits thread (which allows me to keep tabs (updates) on recent merits sent and recent merits received), and 5) I generally keep BPIP open and run the BPIP Chrome/Firefox browser extension (which does have a link to the Ninja page.. which I might click on that Ninja link page from time to time).  

Generally speaking, that's currently my own system of trying to watch various forum threads.


I don't really use the tool specifically, except like I mentioned above, there is a BPIP chrome extension that also includes a Ninja link next to each members name.. and maybe I am using the various resources that are connected to the TryNinja resources from time to time.


You might be correct in many, if not most of your assessments of bitcoin's current price actions EarnOnVictor, yet it seems that you may well be placing too much weight into some of the technical analysis tools that likely fail in terms of their sufficiently/adequately accounting for bitcoin's not being a mature asset class, and in fact fail to sufficiently/adequately account for the various network effects and Metcalfe principles that contribute towards the likely ongoing UPpity BTC price pressures in terms of a kind of exponential s-curve adoption, so hopefully, you EarnOnVictor are sufficiently prepared to include those kinds of exponential s-curve adoption  dynamics into your own preparations, and not becoming overly smug in terms of possible lackenings in your own UPpity preparations (financially and/or psychologically)... even though, sure you might be right that the exponential component might end up playing out in relatively modest ways... perhaps? perhaps?

Now that it is clear, we must resist every attempt to categorise Bitcoin and the other shitcoins as cryptocurrncy. That is one way we will combat the scams and stop people from spoiling the good image of Bitcoin.
Bitcoin is an asset you will buy and you will not be worried about the team pulling the rog on you. So, it will be unfair drag Bitcoin along this line.

As far as I am concerned also, this is typically about Bitcoin, so everyone should stick their view to it to avoid irrelevance. Besides, Bitcoin has been well overestimated this year, particularly at the time that the market hit its first ATH of the year, that was when I knew it might not move above $35-37K this year and it has not disappointed me, not even for the fact that it was threatening to move more bullishly at that time of my first speculation. This is because there have not been so significant bullish movements before halving in the BTC's 4-year cycles, I don't believe this is the first time such a narrative would change. And as a matter of fact, much bearish impact might be felt before the strong bull run slated for 2024, which is why I know that BTC will comfortably be below $37K by the end of this year but might reach more than $150k in 2024-2025.

Now directly to your question about 30K, that is what we call a psychological level in the trading term and it often has its barriers even though the level is not the professional level that has stronger barriers now as I see now, it's just an approximation. The level that has the stronger resistance is $31450, and I also implore traders to watch out for $32,000 which is also psychological. And if you would agree with me, BTC has been so sluggish in movement immediately it crosses $30,000 upwards, and the only logical explanation for it is that there is a lack of willingness to buy further at that level (drop in demand/increase in supply). I'm afraid it might sustain this till the end of 2023.

It's a clear attempt to confuse readers with the term cryptocurrency when we actually talking about bitcoin, and at that to avoid the misconceptions we have to clearly spell out what we mean when we mention crypto/ cryptocurrency for the avoidance of any misinterpretation and misconceptions we need to constantly separate bitcoin in a discussion from shitcoins and the only time we can overly mentioned crypto is when discussing about those shitcoins,/altcoins not tagging bitcoin along with such discussions.

Buying the DIP& HODL is only practicable when we dealing with bitcoin and on this thread the discussion is about bitcoin and at that we must attempt to avoid the use of crypto in this discussion to avoid any further misconceptions.

What is WO members, is this some kind of group. I also hit watch button on this thread but first it took me a while to find my watchlist (like how can i access it) then even i find the watchlist option which was right in front of my face, i opened it and this thread didn't showed there. Like it is not showing in the watchlist even i have click on the watch option. But thanks for the heads up, i will dig more into this matter.
This TryNinja tool is a best i think, from what i have observed by just reading the OP post, i think this tool will be handier than the watchlist option. Thanks a lot dear for helping me here. I think this Ninja's tool will do the work fine.

What you say is also specific enough that it makes me have to agree because in fact it is clear that the term crypto is so broad that it does not only include Bitcoin, but also includes others as you mentioned. And if everyone refers to the reference sources that are in this topic, it is more directed to the discussion of Bitcoin so that it would be very correct if each of us mentioned Bitcoin directly without linking other cryptocurrencies into this. By the way, for now Bitcoin is still under $30K, is there anything out there that makes it difficult for Bitcoin to move past $30K this month?

Unfortunately, many people don't realize it and think that bitcoin is the same as shitcoin or altcoin, this term exists because basically all shitcoin projects use cryptography technology itself which makes bitcoin one of the many cryptocurrencies that take advantage of bitcoin's popularity for the benefit of its developers. , It is also fueled by the many influencers and marketing from shitcoin projects who level their ranks with bitcoin with a lot of their bullshit.
The mention of Crypto itself is not a problem, but this is today a misnomer and makes bitcoin will take the brunt of the relatively failed shitcoin, making bitcoin receive bad screams too in a nutshell.
This is irrelevant today if bitcoin=crypto or crypto=bitcoin, bitcoin=bitcoin and not crypto which contains a lot of shitcoin.
I honestly don't care about mentioning it because the most important thing is accumulating bitcoins, but it seems a lot of people are getting lost with the brand of crypto itself.

I love how you spend time to elaborate and explain things...sincerely, I have learnt a lot from you this few days. One thing I realized from your explanation is that there should be a clear distinction between Bitcoin and the numerous shitcoins, because regarding all as one means the scams that is prevalent with shitcoins can spoil the name and image of Bitcoin. This is true because the promoters of these shitcoins uses the gains and profits people make in Bitcoin to promote whatever they are doing.

In addition, I have seen someone blatantly reject the idea of buying Bitcoin because of a terrible experience with shitcoins. Probably he was asked to invest in "cryptocurrency". Conversely, no one will stop using Paypal because they hard a bad experience with PerfectMoney because Paypal is Paypal and same for PerfectMoney. So, being specific like you said is very necessary and I really agree with you.

Actually, something like that is not wrong but the way it is said cryptocurrency for now actually refers to the mass (many) so it will sound ambiguous and not specific if you say crypto in reference to bitcoin.
It would be better if the pronunciation is more specific to "bitcoin" if it is talking about bitcoin because crypto is broad in scope and this certainly includes bitcoin and altcoins including shitcoin.
It is also not wrong to say crypto because it is true but the scope becomes wider if you say crypto in contrast to bitcoin which is already specific.

Many times my objections to the term "crypto" or "cryptocurrencies" is because it is being used in ambiguous and amorphous ways, and if how can the reader know what the fuck you are talking about unless you specify or there is some kind of context.  If you are actually talking about bitcoin, then use the word bitcoin, and if you are talking about bitcoin and other stuff, then maybe it is better to make it clear that you are talking about bitcoin and other stuff, and your clarifications regarding what you are talking about may well assist you in terms of your making yourself more clear about what you are saying.

On the other hand, we also see the term "crypto" and/or "cryptocurrencies" being used in ways that are sloppy or even seeming to purposeful attempts to mislead, or maybe to attempt to make it appear that someone has more knowledge about what they are talking about than they do.   

I doubt that it matters very much about the extent to which satoshi may or may not have used the word crypto, but I do know that several times, he mentioned that he expected that there were going to be a decent number of projects and/or coins that would be imitating bitcoin, and sure Satoshi was not even around for very long and/or active in the bitcoin community very long - It was right around 2 years that he was known to be active, so he might have had been able to refer to some specific events that had not yet happened in bitcoin or in relation to bitcoin.

By the way, even though so many folks seem to want to appeal to various authorities, including that satoshi should be an authority over any particular topic,  yet part of the problem with that appeal to authority is likely a pretty BIG part of the rationale for satoshi leaving (if we might presume that s/he/it did not die).  So even though it should not (and does not) matter what satoshi thinks, people still do attempt to go back to some of his various words in order to get validation for interpretations regarding his vision and/or intentions. which are not necessarily bad things to do if there might be some weighing between possible competing courses of action.. to then try to go back to some of the ideas regarding.. what was the purpose of bitcoin, and does any kind of particular use case contradict how bitcoin was designed or which version (course forward) fits better with how bitcoin was designed.


Frequently shitcoins are affinity scams, and so if you know what that is, or you understand the idea, an affinity scam tries to get close to the original in order to either appear like the original or to attempt to assert it is better than the original. or maybe even confuse people in regards to the affinity scamming project as compared with bitcoin, and sometimes the original (bitcoin) will get criticized through a variety of the affinity scams talking points, if you are so gullible to either follow such nonsense or to try to grapple with such nonsense, so frequently, you might attempt to distance yourself by asserting that you are not even going to pay attention to any of the BTC wannabes unless they might start to appear to be at least 10x better than bitcoin, and almost none of the shitcoin projects are able to accomplish such...and it is your choice whether you spend your time, energies, mental power and/or money to get involved in the various shitcoins... and sure when we are talking about that crap in this thread and in other threads, we are frequently distracting from the main topic too...so there are other places in the forum that are receptive to various kinds of shitcoin and shitcoin project discussions - including folks who want to trade such shitcoin projects to make more bitcoin.. and even those are likely wastes of time, energies and money, but members are free to do whatever they like and to invest their time, energies and money however they like.. including whether they go BIG into various distracting projects or if they try to modify (or dilute) their approach.. or diversify (which also may well not be necessary, needed or even profitable to get trapped into thinking that diversification into shitcoins is a "positive thing.").