Topic: Buy the DIP, and HODL! - page 546. (Read 122884 times)

Not talking about crypto baloney here (aka shitcoins)...

Only talking about bitcoin, here.

Stay away from shitcoins unless you are gambling and/or watching closely for when to get out quickly.. in other words, the concepts of long-term investing does not apply to any shitcoins.. unless you want to justify why it might.. but surely not relevant here.. but in some other thread, perhaps.. .

Hey guys you already got dip because cryptocurrency market now on dip situation. All cryptocurrencies price now on red cancel situation on the trading chart 📈 indicator. So you can invest in this moment if you wish.

Those are fair questions, and obviously yes, it’s not easy, BUT what should you do? Be inefficient with your capital and buy at any price, OR try buying on DIPs? Plus even if you are wrong, ZOOM OUT. Any more DIPs after a DIP is an opportunity to buy more. Plus we are not merely buying to sell a few months, or few years. We buy to HODL.

I doubt that figuring out exactly where the dip is or how long the dip is going to last is as big of a deal as you are making it out to be, ranaprime.

One of the main things for any person to figure out when devising a plan to accumulate BTC is to figure out his/her financial and psychological situation, so in that regard, there can be an establishment of a budget, so some of the budget can be used to Dollar cost average, lump sum invest and buy on dips.

For sure there are going to be individual variations, and for sure we are not necessarily know how far any dip is going to be or how long the BTC price might be hovering within any particular price range. 

Another thing is that there have been a number of folks who have known about bitcoin for a long time, and likely people who have made it through full 4 year cycles can be pretty decently well off, so long as they took actions to accumulate BTC.. and not screwing around too much with various kinds of trading when accumulation and stacking of sats would have been amongst the most important of matters.

8 years ago, normal people with less than a $10k budget over a year or two could have accumulated 10 to 40 BTC without a whole hell of a lot of troubles, and even four years ago a $10k budget may have decently been able to allow a normal person with a $10k budget to get in the ballpark of 10 BTC in a year or so, but these days, a $10k budget might well ONLY get you 0.2BTC , and maybe those kinds of opportunities are not going to last for very long... it becomes more and more difficult for any normal person who might be able to gather a budget of somewhere in the $10k arena to be able to accumulate as many BTC as  s/he might have been able to gather 8 years ago or even 4 years ago, an I doubt that the BTC price momentum is going to turn down in any kind of meaningful way that does not suggest that normal people need to figure out how that they want to act in terms of accumulating BTC and maybe in the near future a $10k budget is going to be hard pressed to accumulate 10 million satoshis or maybe even 1 million satoshis will be difficult to accumulate... I am not sure what it will be like 4 years from now, but it seems to be that we have to be careful in our attempts to be overly strategic regarding our BTC accumulation and ongoing buying is good and surely can be supplemented with buying on dips too.. but if we run out of money, then sometimes we have to wait (or HODL) as OP suggests.

Getting dip is not so easy. where you find the dip? Where does it end? the last dip is possible? And if you do not get it can not be traded? You must be tired of searching for the answer to this question. Therefore, it is appropriate to trade by market analysis. The time when the price dumps in a large value is deep and then if someone buys then he will definitely be able to make a good profit.

I believe the bulls are quietly buying again, like what they were doing during June and July, then made Bitcoin quietly surge during August when everyone was doubting the market. Is it another situation that will make the plebs who didn’t buy the current dip FOMO during the next surge again?

Indeed, buying while it's dip and hold is without a doubt the most classic ways of all time, but the most crucial part after that move is to know when is the right time to sell and have the right mindset in-order to reap huge glorious profits. Yes, there's a lot of people doing that way but they end up selling their investments because they're being impatient or selling while the market is raw. The main concept is buying it at low price you can get and hold it for a year or two, and then sell your profits only (not the whole) because in that way you can earn profits again while holding for the next upcoming year. Always make sure to have the masterplan of all movements you wanna make, and be patient don't deviate from the plan.

Yes, indeed, if you look at the price of bitcoin, which is corrected very deeply, it is clear that there is an opportunity to be able to buy bitcoins so that they are held when bitcoins increase later, then the benefits to be taken are very large and the possibility will obviously always happen.

the nature of bitcoin is that it always increases every halving period, so if you buy bitcoin when it drops and has not increased at this time, it is certain that bitcoin will happen again and will create its newest ATH. so there is no need to be afraid to continue holding bitcoins until the time is right to sell them.

so it's true that this is the advantage of bitcoin compared to other coins, there is no need to hesitate to hold on to it all the time.

Buying the dip and HODLing is one of the oldest and the most effective ways of making profits with bitcoin. The bitcoin market is fluctuating due to number of reasons either FUD, FOMO, or Speculations. These are the major factors that causes market to move up and down, when the market is down is time to buy, also when the market is up is time to sell.

Right now is the right time to enter the market and buy bitcoin, especially now that the market is in a bearish condition and of course we should be able to take advantage of this to buy at a cheap price, I think even though the bitcoin price is currently declining, bitcoin fundamentals are strong Of course it will be able to trigger a refund of the bitcoin price on the market later, I personally have never had any doubts about buying and holding bitcoin for the long term because I firmly believe bitcoin is the safest asset now and for the future.

I am sure that frequently, you see me spouting out ideas about which way I might believe BTC prices to go in the short term, but I hardly even have any expectation that I am going to be right in terms of price predictions, so very often I assert that I don't really know or care which way the BTC price is going to go in the short term because my system buys on the way down and sells on the way up in such a way that I attempt to be neutral about the short term price movements, even while in the long term - 4 to 10 years or longer, I expect that Bitcoin prices will go up.. even if there is no guarantee, bitcoin still seems to be an asymmetric bet, so we don't even really need to know about which way the BTC price is going to go in the short term. 

Maybe you are saying something similar, I am not sure?  The thing is that you seem to have made determinations to stock up in the long run, and maybe in your case you are placing more emphasis on attempting to buy on dips than what I tend to want to do.. so in that regard, you are attempting to figure out how much of a dip of BTC price is enough and how long will it last in order for you to be able to buy at those lower dip prices, and I am asserting NOT to give too many shits about the dips but just to keep buying, and sure, I am not really saying to NOT buy if you believe that there might be a dip, but don't really get worked up about the extent to which you may or may not be able to figure out if the dip is enough or if it is lasting long enough...so in that regard, I am also not placing a lot of emphasis upon being correct about prices.. .. at least not in the short term... which would be less than 4 years (even though sure there are decently plausible theories about BTC 4-year cycles and also stock to flow is on a four year cycle, too).

No, for me it’s OK because I’m a mere pleb, and I’m not trying to be an influencer. Plus the remaining 10% is the most important, and what truly matters. In an investment standpoint, it was a deciding-factor if I HODL, or broke. Most of my savings went to Bitcoin during 2019.

Good luck if you believe that the BTC price is going down from here based on the ideas of what "people believe/fear".. blah blah blah."  Hopefully, you are not failing/refusing to buy on the dip or to sufficiently and adequately prepare for UP in case the further dip that you are expecting never happens.


Ok.  I will concede the point.. You are in a better position to know about the amount that you are wrong.. Must suck to be wrong so much.


Generally, speaking trading is not a good idea anyhow, so there seems to be a decent amount of smartness in merely making decisions not to trade.



To the extent that whale status is relevant to this discussion, we may well need to define terms.

In any event, I would suggest that a person does not need to be a whale in order to trade, and I have frequently denied that I am a trader in any kind of a traditional concept of the practice of trying to anticipate BTC price direction, and so in that respect, I surely consider BTC a kind of an asset in which it would be prudent to establish accumulation levels and then aim towards reaching those accumulation levels.. so thereafter, once you have achieved your accumulation levels (whatever that might be) then you have more options, which may or may not include the practice of trading.. but surely, I do not recommend BTC trading as a method to help in reaching accumulations, so in that respect, in more than my first 3 years in BTC (which would have been from late 2013 to early 2017), I had always considered replacing any BTC that I sold in a fairly quick manner.. (in other words, not trading at all).. and surely quite a bit of BTC's price rise in 2017 allowed me to have more options in my perspective in how to attempt to manage my BTC holdings.. which I had considered that I had gone from a kind of strict accumulation phase into more of a maintenance stage. .. so in that respect, the extent to which circumstances, views and practices about how to manage BTC holdings change may well depend upon upon how any of us may have gotten to whatever position that we ended up being in.. so in that regard, a certain amount of previous stacking of sats seems to have helped to allow for more options once the BTC price did move significantly up.. which surely was not guaranteed then and continues to NOT be guaranteed now.


Of course, there can be way more options for any normies who have life long experiences of building wealth - including that in the case that you describe some people had earned income from pensions that give them some flexibilities so long as maybe they have income in other ways to support their lifestyles.

For sure, if someone is very young and has not received any inheritance or some kind of a income from wealthy parents, then that person may well be in a position in which s/he has hardly any assets or investments, so the ONLY thing that s/he has to start with is a cashflow that might also be less than preferred.  I was in a similar position when young.. When I was young and even my first 20 years of living an adult life (let's say through my 20s and 30s), I had largely striven to save/invest at least 10% of my income - whatever level that it was.  In my case (and maybe is true with quite a few people), income has potential to grow quite considerably at various times depending upon what kinds of positions are achieved. and then there can be choices about whether to consume with the increased income or to increase investments, and sometimes both increased consumption and increased investment can be achieved if the income goes up substantially greater than previous levels... and sure no matter what there are going to be temptations in terms of what to invest in and in terms of what to consume.. but if you are able to build a decent-sized nest egg, then the same can be said about anyone's investment into BTC.  

Surely, I am not against any young person to begin investing by ONLY investing into BTC while building some kinds of decently sized investment, and surely if an employer offers a 401k plan there can be a lot of benefits in at least putting as much into such investment plan to receive the maximum matching from the employer, and surely not everyone has 401k plans, but nonetheless, through the years, it is quite likely that people are faced with investment decisions.. including the staying in a job had gotten some people pensions, and other people bounced around from one job to the next to the next and never did end up getting a pension.. so there are varying levels of preparation and luck... and sometimes if we fail/refuse to adequately prepare when we are young, we could end up running into decently bad situations when we are in our 40s, 50s and 60s in which we recognize that we hardly own shit and/or we hardly have any investment and therefore if we hardly have any investment, we are lacking in options as compared with some other people who may have had more luck and/or preparations.

I personally believe that it is likely much more difficult to get lucky if you do not make adequate preparations, and even when you make a lot of good, significant and meaningful preparations, that might not guarantee that you are going to end up being lucky..  Lots of lackings in guarantees in life that's for sure, and sure there are some spoiled rich kids who may well not deserve all of the fortunes that they have, yet we have to be careful in terms of making sure that we are attempting to assess matters in respect to our own situation(s) rather than getting caught up in worrying about what the situations of others may be or may have been - absent that there may still be ways that we can learn from a variety of others, whether they might be in better or worse circumstances than ourselves.


Your plan does not sound horrible.. even though I personally do not necessarily recommend selling large chunks (or any chunks) of BTC in order to expect to be able to buy back at lower prices.. even though I appreciate the concept and the desire to think through the matter regarding how much to sell (and when).

Actually, there is a good thread about considering how to possibly skim off profits (referred to as raking).. which might be helpful for some members who want to consider how to think through and plan to establish their own mindset in the direction of when to sell, how much to sell and why to sell.

(SSS) - A Sane and Simple bitcoin Savings plan

Of course, in the end, each of us needs to tailor our own BTC portfolio management strategies to our own financial and psychological situations.

in the last year, the price of bitcoin has been moving very wildly, i organize my finances into several portions so that i don't run out of money and buy a few bitcoins when the bitcoin price dips to add to my portfolio.  i will sell 25% of the btc i hold when the bitcoin price goes up high and i use the money to buy bitcoins again when it dips in the future.

No, I’m wrong 90% of the time, that’s why I HODL. If I was trading actively, I would either be, stressed and out of savings, or depressed and out of savings. I’m not a whale like you.

There were also some retirees I’ve met in small meet ups who have their monthly pensions to fund their Bitcoin buying spree.

It appears that bitcoin whales are planning to sell soon as BTC price action struggles around $47,000

According to the report, the Taker Buy Sell Ratio continues to be negative, which indicates a bearish market sentiment will prevail in the near future."

This rebound will not be enough to prevent further losses. According to the majority of the market, the downside will continue. Several weeks ago, the majority expected a parabolic run in December. Currently, the market sentiment is what matters most. Despite this, smaller investors have added to their position.

Fixed that for you.

 


 

The “rebound” usually happens weeks later, don’t be too impatient to buy the DIP right away, letting your emtotions take over. Wait for it to happen. I believe this current small rebound will stop, and Bitcoin will be DIPping soon again.

But I’m a mere pleb, and I’m wrong most of the time.

With the bitcoin market condition currently experiencing a very deep price correction, we can take advantage of the moment according to our risk profile to buy bitcoin at a lower price. Usually, after the correction that occurs in the Bitcoin price, the bitcoin price will stabilize first and then it will rise significantly later.

Right now bitcoin is testing the $47K price level and the price decline is almost around 3.82% on this day alone, in my opinion actually the decline that occurred today we should be able to take advantage of by buying bitcoin before the rebound occurs again later, in addition to bitcoin some prices Other cryptos are also having quite a sharp bearish like ethereum which is down almost 5.5% on this day alone, I think now is a good time to get into the market, buy and hold.