Topic: Buy the DIP, and HODL! - page 552. (Read 122846 times)

It is really not easy to catch the dip levels and not to miss those chances. Because we don't know what price the dip is for a coin. We just want to make use of the chance when the coin price decreases at a high rate. For example, I guess many people bought Bitcoin when the price was at $30k. It was a good opportunity to accumulate after a big dump. Some people wanted to wait more and expected a bigger drop. But that didn't happen and they missed it.

Of course there is a bit of a riddle nonsense in your statement, but sure I get the point that there may well be very rich peeps taking money from the normies, but it still seems to me to largely be a myth in the sense that each of us, as individuals have a lot of power in this particular asset class, relatively speaking.

Probably Wallstreet and some of the traditional status quo rich are a bit irritated by the fact that no matter what they do, they are not going to be able to garner large portions of the bitcoin wealth, so yeah sure a lot of newbies are turning over their coins, but there are a lot of coins that are not moving and only 900 new coins are being mined per day..and the status quo rich can ONLY get those coins by paying market rate and the more they pay, the higher the BTC price goes.

Yes, of course they have their tricks to try to get coins from HODLers, but still plebs/newbies have a lot of advantages in this market both historically and even currently to continue to front run wall street and the traditional status quo. 

In spite of the rumors, the status quo rich are still not coming to bitcoin in droves, even though there are some of the status quo rich (perhaps the smarter ones?) who are attempting to gobble up as many BTC as they can, and they are not selling.. they are just buying and accumulating BTC.

Yes, I know that there are a lot of dumby plebs who do not realize their power in respect to this asset class, and they get confused in terms of recognizing and appreciating the difference between bitcoin and the various shitcoin products out there that are referred to in terms such as crypto.. what the fuck is that?  Well you see people using the term all the time, and if you get tricked away from stacking sats and building your bitcoin portfolio, you only have yourself to blame.

So again, whether you bought on this particular dip (which now had gone down to as low as $46,309 within the past 24 hours) then surely you are doing what you can in terms of getting some of your own stash that is going to likely continue to be harder and harder to build for normies in terms of high levels of BTC.. but even if it is hard to do, it still seems to be an aspiration that remains worth pursuing on a regular and ongoing basis... until you reach your BTC accumulation goals.

YES, because every seller always has a buyer in the open market, and I believe those buyers might be the billionaires taking more Bitcoins out of the plebs’ hands, and into their cold-storage again. Which could become a problem.

Of course, many of us longer term BTC HODLers are recognizing and appreciating that likely the BTC investment thesis is stronger in current times than it had been a few years back, so even if the UPside BTC price performance potential has been reduced by already happened bitcoin price movements, there remains some additional assurances regarding the downside potential (safety) too.

And, buy the dip also might be questions about how much of a dip is sufficient this time around, and so far we have had a dip of about 7% from $50,562 to $47,100 - is the dip over?  did anyone buy this particular dip?


Well if we go by your forum registration date osasshem, we can see that you may well have been involved in bitcoin for a whole 4-year cycle (maybe even close to 5 years).. so you have had the ability to experience both significant UP and DOWN periods in BTC's price.. and for anyone it can take a while to stock up to a sufficient position in BTC to feel sufficiently prepared for either UP or DOWN BTC price movements. 

The best thing to do during the deep season which are currently experiencing, buy the deep and hold for the next run. It's funny to say, when the hard time calls and you have to sell your little assets in other to move on with life, and seat back watching the bull run preparing to take off. 
One thing I know is the time is never too late, no matter the little fraction that can be purchased at the moment. Holders hold, it's the best option, cause the next bull run is planning for a take off.

But what I said was, “What is crazy is, Bitcoin at “6 digits” is might not actually be the moon”.


But think of it as how high Bitcoin has reached in current market value. An experimental protocol that started its development in someone’s “basement”. It’s INSANE that the “PONZI SCHEME” lasted this long, and will last for the next generation.

Of course, I would characterize this particular bullrun as starting from April 2019, but for sure there has been quite a few ups and downs along the way, and I would not proclaim that there was anything too special about last February, except that it was in the midst of a streak that is part of the longer bullrun... so in that sense, we had a UPpity streak in late 2020 to early 2021 for about 8 months that largely took us from a $10k-ish foundation and the $64,895 top.. so that is like a 6.5x price run that had ATH numbers every month between December 2020 and April 2021... January had a decent sized correction and February resumed the already existing short term trajectory.

In other words, 6 digits would hardly be any kind of crazy rise, whether we are measuring from our $30ks correction zone (a bit more than 3x) or measuring from our current prices $48,300-ish (a bit more than 2x). 

Yes, people likely currently think that 6 digits looks BIG, just like they thought 4 digits looked BIG in 2015 when we were stuck in the $200s for most of the year, and just like 5 digits also was seeming big in just recent times.

Now, we have spent a decent amount of time in 5 digits and not even in entry level 5 digits so we have had some pretty solid times in 5 digits already and creating aspects of Lindy effects that people just get more and more used to it.. same thing will likely be true of 6 digits.. people will get used to 6 digits and it will no longer become a BIG deal instead of a place in which bitcoin is likely to be for a while before moving up to 7 digits.. and sure it could take longer to pass through each of these higher zones because surely bitcoin cannot just keep doing 10x and 10x and 10x in the same ways as it did in the past, but since we are still likely in pretty damned early levels of adoption, support is likely to catch up to each of these levels and there are a decently large number of normies (should I more accurately refer to them as no coiners or precoiners?) who just remain of a very ignorant understanding of bitcoin.. mention bitcoin to some people who have heard of bitcoin and they just poo poo it, and surely some of those people are going to end up coming into bitcoin in the mid to upper 6 digits, or in the 7 digits or maybe some higher location.. but sooner or later bitcoin is going to become a thing that everyone ends up realizing that they are going to need some of it.. just to fit in, and just to have options in life.

So anyhow, seems to me that we can be referring to 6 digits as merely a place that we have not yet been, but not a place that should be very difficult to get to - even though it is not guaranteed it is just a place that is likely to be in our near future... and too bad more normies did not prepare themselves for such likely 6-digits situation in better ways than they are.. but whatever, peeps are going to get into BTC when they are ready, even if it is likely going to cost them a wee bit more to wait rather than starting some kind of more immediate getting-involved actions..

I believe no one is prepared for the insanity of the resurgence of the bull market. It will be more bullish than February. We say “Bitcoin-six-digits” like we truly believe in it, but seeing it in front of us might actually be unbelievable. What is crazy is, it might not actually be “the moon”. Buy the DIP, and?

The miners have been accumulating the coins that they have been mining. This means less new coins in circulation in the open market, more scarcity, and higher probability of a market surge.



Plus miners are also speculators. Bullish.

It's a good strategy but unless you are on the market 24/7, I don't think that it's the optimal thing to do. Yes you can't fight whales and learning to adopt is good but it's difficult to do that because by the time that you've heard of it, it's already too late. Buying the dip is risky too because you might buy at the wrong dip and end up going down a bad rabbit hole that makes.you lose focus and in time do rash decisions due to frustrations because the dips keep going lower, patience is the key to all of this.

Buying BTC at any price is likely a better strategy than adding the complication of trying to figure out if there happens to be a dip or not and whether such dip (if any) is sufficient.

In other words, I doubt that buying the dip is "the best" strategy as you asserted, but it is likely a good strategy that is a wee bit lower than the strategy of buying at any time.. such as the systems of DCA buying on a consistent and regular basis no matter what the price... at least until reaching BTC accumulation goals (and perhaps beyond reaching such earlier conceptualized BTC accumulation goals.. perhaps? perhaps?).

This is the truth in this platform where buy form dip and hold until your expected range. The main fact is buying at lowest price.  Here we can never survive by fighting Blue whales but we have to gather our knowledge and adopt with them. I just utter this  would be the best strategy.   

What about $10 per week is that affordable?  Many people can do $10 week, and some can do way the hell more without hardly putting any dent in their budget.   The more of a stake (aggressive approach) that anyone is able to do, then the more that they have decent chances for having a good payoff in the longer term (perhaps after a few more cycles), and of course, performance is not guaranteed even though historically bitcoin has been a very great place to put value and even though there is no real signs that bitcoin is losing its investment thesis... more likely the opposite is true.. bitcoin is increasing in its investment thesis with the passage of time and its more than 12.5 years of existence.


Huh?  Your first point is correct in that holding bitcoin is a good move, and especially a good move over a longer period of time (short-term, of course, there has been all kinds of volatility - which is likely to continue), but what the fuck are you talking about in terms of your second point, elisabetheva.  You can buy $10 of bitcoin if you want, so what causes you to conclude that bitcoin costs a lot.. satoshis are fractions of bitcoin.. same damned thing, just in smaller amounts..



There is no guarantee about the future price of bitcoin.


Surely it is good to have an investment plan into bitcoin that takes more time to play out in order to have higher chances of ensuring that your BTC holdings are in a place of profitability... but people are all over the place in terms of their investment timeline, so for sure there are no guarantees in the shorter term or the longer term for that matter, but like you mentioned, it does seem that the longer the time horizon the higher the likelihood that investing into bitcoin will be profitable.


Fuck shitcoins, including but not limited to that dumb-ass scam known as ethereum.

We are only talking about bitcoin in this thread.

This website is a compilation of charts, graphs, and diagrams that will SHOW YOU why we should be Buying the dip, and HODL, https://wtfhappenedin1971.com/

All the charts/graphs have a common subject-matter. The annual reduction of income of plebs, and the increase of our costs. If there was only an asset we can HODL as an “equalizer”.

Obviously we also have to think about finances, whether we can afford to be able to buy. because don't force what we can't afford, if you can use funds that are not used it's very good. so that when something goes wrong we are not directly affected. still be able to do activities that do not actually make it difficult for yourself.

holding bitcoin at any time you do is the best move, but we know that the price of bitcoin is so high that it requires a lot of funds. but there is a guarantee from bitcoin because whenever you buy it can be ascertained that the price that will occur in the future will be higher than when you bought it. because the nature of bitcoin always increases continuously after the halving that occurs. there is no need to be afraid and panic when you hold bitcoin, it is certain that you will profit in time.

Nope, just wait for the prices to go up in the long-term and you will see that it's all sweet, hodling bitcoin isn't going to sour if you don't panic and just hodl no matter what's happening in the short-term. No need for in depth decisions when it comes to this, just don't buy what you can't afford to lose and you're good to go.

Ah this I understand, but in this context, it's more about my use of English I think you'll find. I really hate repeating the same words over and over regarding Bitcoin & BTC (as becomes repetitive, slang reminders appreciated), and therefore swap these terms to include cryptocurrency or digital money etc, so as to use more diverse language. It's more about my occasional lack of ability to structure sentences that require re-referencing the subject more than anything else. You can read any alternative terms I use in that context as a reference to the Daddy, and nothing else when we talking about investing. Obviously, if we discuss trading, the context would be different. I can otherwise assure you regarding your deeper concern that I suggest alternatives to Bitcoin to newcomers regarding cryptocurrency investing, rest assured this isn't the case, as would be deeply irresponsible. Apart from those desperate to diversify, then I tell them the high risks and attempt to describe the strategy for stacking sats in this way.

For anyone who's interested and wants to know more generally (which are many), I only talk BTC and small percentage allocations, as well as make clear that everything else is a trade. Especially Ethereum, and therefore best avoided, unless you've got a good year or two of research, study, understanding technical analysis, risk/reward, as well as the concept of only ever trading against Bitcoin (otherwise you'll simply lose BTC value). The other reason why in face-to-face discussions I often reference cryptocurrency or cryptographic money is to reinforce the notion that Bitcoin is a currency that is cryptographic, as it helps to remind people from the onset that it is money as well as likely to more much more secure than traditional fiat, as an alternative.

To elaborate, here's of an example of meeting new people with a highly socialable dog when we get talking and they ask what I am doing for a living right now, and why using these terms "can" be useful imo:

Q) "What do you do for work / a living?" ==> "I trade crypto / cryptocurrency"
A) "What's crypto" ==> "Oh sorry, I mean cryptographic currency" ==> "You mean like Bitcoin?" ===> "Yes similar, but not Bitcoin, I trade other shit for Bitcoin" ...
B) "Oh like Bitcoin you mean?" ===> "Not quite, I trade other shit for Bitcoin. I don't trade Bitcoin for euros, that just seems dumb to me" ...

It's an intentionally misleading approach I know, but it's intended to initially reinforce the key aspects of Bitcoin's technology; money and cryptography combined. The immutual blockchain aspect imo is less relevant as most don't know what immutable means. Generally around 30-40% will want to know either a bit more or a lot more and ask the usual questions, as it's still rare to meet investors who have been in the same for a numbers of years (instead of just this year). The usual questions arise; why Bitcoin, what else should I invest in, and I therefore make it clear only BTC and the best strategy is buy and hold, nothing else, apart from arguably DCA. Many often question about Ethereum, and I confirm it's a great asset to trade due to liquidity and predictability, compared to other crypto, but otherwise a trade and nothing more. It can double against Bitcoin, as well as go to zero. Until proven otherwise, which has not happened clearly. Stick with the no.1 theory, stay the f**k away from deriv exchanges etc. Recently I learnt most newcomers are coming in with 10x leverage and losing all their money, which has become the most recent reason why others are skeptical about losing all their money these days 


As for the rest, I realise you're almost certainly right. I'm more used to meeting with other millennials, so had assumed my perception was unique to that generation, but likely it's more the difference betwen gen x and most other generations as opposed to gen x and millennials. I'll take your word for it that other generations are the same with their skepticism of investing, regardless of their age. It does seem that gen x are more debt-orientated though unless I'm mistaken, patronisingmore risk prone in general.

You're completely right Bitcoin never cares about average Joe or Elon or anyone/anything else. I do get that, I think it's something you've taught me to be honest over the years, and it'll go up whether the normies invest or not. It's more about my desire to help others who want to help themselves financially. Obviously if someone has no interest in investing, then I'm not going to waste my time trying to convince them to invest in BTC. That would just be pointless, arrogant and patronising. More often than not, I advise that someone doesn't invest if they have their savings ready and waiting to be used for property investment, or don't feel comfortable with the idea, or otherwise don't understand any of it what so ever. Even if I remind them that they also likely don't understand how the motor car works, electricity or SSL certiciates, but trust these innovations regardless. This is always a theory that opens some eyes, but it's a bit different talking about risking money than switching on a light bulb or making an online transaction I know.

You're completely right as well as that interested parties do not need to gain Bitcoin exposure at the moment. Most ask "is it really being adopted right now" and to this I always laugh out loud and say "hell no!". I remind them that Bitcoin is part of the innovators wave. Thus mainly only gamers, tech junkies, programmers, computer literate and the odd mathematician is invested "normie wise". Aside from institutions that begrudgingly are putting there small % in due to their financial advisors warning them it'd be irresponsible not to at this point, now it's made it to a trillion dollar asset class. But otherwise, without someone guiding them through it (which I've done enough times), most people don't stand a chance in buying Bitcoin. To people like "us" it's easy, we teach ourselves and learn to press the big green button. To others, it seems absurd sending money to the abyss. I remind them that the adoption comes from banks and money institutions, so they will still have the opportunity in the upcoming adoption wave by clicking an easy button in their bank account / paypal / otherwise that holds their value in Bitcoin rather than Euros, Dollars, Pounds, etc. Not a green button button, but likely an Orange one, without much need to do anything else but tick the T&C button.

And finally yes, normies need to analyse and asses their own financial situation and physiological circumstances (or barriers) these days it seems, it's not longer about the risks of Bitcoin anymore I don't believe. That was my general thesis 
Nice talking with you again and appreciate the opinions, has been a while 

It might not be for you, but I believe it would make them understand, and come to a realization that inflation is devaluing their savings from the moment when their Central Bank stopped using the Gold Standard. Bitcoin is the great equalizer that increases in fiat-value, it sucks fiat as long as more of it is printed. Inflation Medicine?

Buying the dip is mostly sweet but sometimes be also sour. One has to be taking necessary discretion and financial precautions needed ó be financially safe when making such decisions. Remember to always buy the dips just the sum you can afford to lose.

I am a little bit opposed (and annoyed) by your use of the word cryptocurrencies here, partly because it seems that such use of the term muddies the waters regarding what the fuck are we talking about, and it is NOT like I am really opposed to the conclusions that some people might make regarding a need to diversify out of bitcoin, but learn about what is bitcoin first and what differentiates bitcoin from those various other cryptocurrencies before screwing around with them, so in that regard, I am opposed (and annoyed) by ongoing perpetuation of ignorance that seems to exist when any of us employ the use of such an amorphous term when bitcoin really is the one making the longer term strong case for hedging against various dollar based legacy investments whether stocks, bonds, precious metals such as gold or silver, investment properties (including home) and perhaps some other ways that people might consider their money to be invested (such as in businesses).

Having attempted to clarify that, for sure many of us already recognize that there is a lack of conscious practice in terms of focusing on setting some money aside rather than spending it all and other ways of investing to attempt to leverage time now for the future perhaps when you might want to have had built up a nest egg, and really I have my doubts about your attempts to make generational categorization conclusions about problems that extend across generations - and sure there have been some changes in the way jobs are structured and also ongoing changes in the extent to which debt might have been used historically versus how it has changed and could be used in current times, and so if peeps (normies) are able to get access to credit (which is another world-wide distribution of disparities), then frequently there can be ways to use credit to leverage investments (not necessarily increasing consumption through it, which is a BIG mistake that many people make).

Another thing is that bitcoin gives no fucks about various deficiencies that normies might have in terms of identifying it as an investment opportunity that is staring them in the face, and sure if they fail/refuse to jump on board earlier then those who jump on board are going to experience way more of the largest wealth generation than they will - and even "we" or bitcoin does not need them.. bitcoin is going forward to gravitate a vast majority of value into it, whether less enlightened normies jump on board and figure it out or not. 

I really am not sure about what kind of potential alternative investment strategy you might be suggesting to potentially be within our grasps to try to edumacate the ignorant masses, dragonvslinux, but the school of hard knocks which is life may well teach them that if they do not get on board at earlier times in their life, they may well NOT completely lose opportunities to prosper from bitcoin's incentivizing more responsible monetary systems, but the upside of their investment (and the compounding effect) is likely NOT as great the longer that they wait.  So I am of the school of thought to use any fucking kind of investment strategy that you like, and sure I don't mind helping to attempt to get people to figure out their personal situations in order that they can attempt to better know their own personal situations so that they can figure out how much to invest and how to invest, and so many times once they get passed the hurdles of figuring out their own personal financial and psychological situation, then they are going to be further along to being able to better employ a variety of investment strategies, including DCA, lump sum investing, buying on dip and HODL strategies.

Please note that while I am typing this post, I am kind of coming to the conclusion that part of your point (besides some of your getting wrapped into analysis of generational distinctions), dragonvslinux, may well be that normies have to figure out their own personal financial and psychological circumstances before even being able to know how much that they are even capable of investing, and surely I cannot disagree with those kinds of points that suggest that peeps/normies are not going to be in any kind of position to be able to invest in hardly shit if they do not engage in some kind of decent amount of assessment of their personal circumstances, to the extent those may have been some of the points that you may have been suggesting.