Topic: Buy the DIP, and HODL! - page 552. (Read 135530 times)

Your description of DCA is a wee bit strange Dr.Bitcoin_Strange.... .. especially since you are describing so much about changing your DCA based on the BTC price and that is not really what DCA is.. and you are describing buying on the dip.. and sure, there is not really any problem to employ both DCA and buying on the dip as you describe, but they are a bit different concepts in terms of how to strategize aspects of your BTC accumulation.

DCA really is something that you would employ once you have come to the conclusion that you believe overall the BTC price is going up in the long term.. so that you believe there is enough fundamental value in BTC that its price is going to be higher at the point down the road when you start to cash out.. so that you cannot really be sure that the price will be higher but that overall you believe that the BTC price is trajectoring upward enough that DCA'ing will be profitable .. so in that sense you largely establish a regular budget to buy BTC - perhaps based on your extra cashflow, and if you have changes in your cashflow then you may end up having changes in your DCA amount.. I have frequently suggested buying weekly for guys/gals in their early BTC accumulation stages, but surely there might be reasons that the buys might not be structured as frequently.

Of course you can have part of your budget that is set aside or reserved for buying on dips and so you might even stop and start DCA based on BTC prices, but that really is not DCA.. that is buying on dips and maybe using DCA within that kind of a practice..., and maybe my main point is to make sure to note that a more pure DCA strategy is largely based on the budget (cashflow and expenses) of the BTC buyer and not on the changes in the BTC price.. .. and maybe if someone is really early in their bitcoin journey, they would be more strict on making sure that they are buying BTC regularly, and sure they can try to time their buys at the lowest price in the week (or the month if they are making their buys monthly), and something like that still might be considered DCA, but if we are completely changing the amounts that we buy based on the price, that sounds more like buying on dips and maybe even a bit more of a luxury that comes after having had already accumulated a decent amount of BTC already that it might not really matter so much whether DCA buys are made regularly.

Many of us likely realize that the more BTC that we accumulate, then the less we might feel emotional about the BTC price going up and the possibility of our missing out because our own accumulation of BTC has already largely prepared us for UP, and so part of the trick for any lowcoiner or no coiner is to get to a stage in which s/he at least has enough of a BTC stash that s/he is already feeling financially and psychologically prepared for up, even if s/he might have had wanted to have more BTC, at least there is enough BTC in the stash that there are good feelings about the BTC price going up.

So perhaps part of the justification of just following strict DCA and not even thinking about the dip would be for a very new person to bitcoin who hardly has stacked any bitcoin, and sure if they already have money (or other assets/investments), then they might consider a lump sum front loading into bitcoin in order to establish some kind of a sufficient stake in order to take away those kinds of feelings that deal with not feeling as if they do not have enough BTC in terms of being prepared for up.... but some folks get into BTC and they do not have hardly any other investments or assets or if they do have other assets, they do not necessarily want to draw upon those other assets/investments, so in those cases they might want to be more strict in their following a DCA strategy that has to do with their cashflow and maybe even wanting to be somewhat aggressive in their DCA amount until they feel that they have enough BTC to be prepared for up.

And, not everyone is going to feel that they want to be aggressive in their BTC accumulation, so those folks also might just get started with DCAing into BTC with a strict amount, but their amount might end up being a relatively low amount because they are still feeling hesitations in regards to whether they believe BTC is a good investment, and some of those more BTC hesitant people could take a decent amount of time before starting to feel that they might want to be more aggressive in their BTC accumulation approach including using DCA, buying on dips and/or front loading lump sum investing into it.


This thread is not about whether or how much shitcoins to diversify into and whether or not it is a good idea to even think about that crap... since we are talking about bitcoin here. Yeah.. people might get into shitcoins, but why distract us with that nonsense here?

Focus.

Focus.

By the way, since we are attempting to figure out dips in BTC price in this thread, then sometimes shitcoins can be relevant to the extent that they drag down the BTC price or they might drag down the BTC price.. and so yeah, we are trying to weigh our timing of BTC buys to the extent that we believe that buying on dip is something that we want to do.. which can supplement a DCA strategy.. or even replace a DCA strategy if the person has already accumulated a lot of BTC and met various accumulation goals (so buying on dips can come into play for both new investors and also for longer term BTC HODLers).

The next halving will eleven to twelve months from now, and that doesn't point to when Bitcoin's new ATH will be. I usually accumulates slowly, then surges for several months and reaches its new ATH the year after the halving. I think if you want to set your new record for holding, make it not less than two years.

It's also very good that Bitcoin is not crashing as much after FUD and bad news. It's probably the actual time for buying every dip?

Shitcoins often offer good opportunities at certain moments in the market, but Shitcoins are not a good choice long term although it may make sense to choose them at certain times. Because taking advantage of the moment to seek profits in the short term is indeed feasible because the benefits can be enjoyed immediately, but for those who have maximized themselves on Bitcoin it also makes a lot of sense in my opinion because currently Bitcoin is still good to buy using their respective strategies.

Because remembering that there will also be better moments next year so this year can still be used to buy as much as you can, especially for Bitcoin. Personally, I also look at Bitcoin more often for now and buy it when the price starts to fall, although I also buy other coins at the same time because the price decline that occurs in Bitcoin also often provokes the price of other coins to decrease, so I can use them simultaneously.

But this isn't a big deal, man, and it shouldn't be to any Bitcoiner if the person truly knows more about Bitcoin before going into it. The thing to do (possibly for me; I don't know what others think) is just look back at the price history of Bitcoin and note the great price crash of Bitcoin, then they will relize that it has even crashed by -99% in 2011, but yet it recovered big time.

 
Every bitcoiner can use the DCA at any time they want, but it depends on the investor and how much they are investing. For instance, if the Bitcoin price drops to $20,000, I could just let go of DCA and buy up at once any amount I wish to buy because I am satisfied with the price dip, but perhaps, let's say, if it's trading at $40k, I can decide to do DCA because I am hoping that if I buy with DCA, there will be a chance that the price will go below $40k. Upon that, there are people that will still do DCA even if the price has dipped more. It might not go below that again, but some will still be waiting to DCA hoping that it will dip more, and after the price sees a big uptrend, that's when they start to regret why they did not just buy up at the point it was very low.

If one sees bitcoin as his own necessity,just the way we need food to survive,this might give a better understanding on how one can be able to hold for a very long time. What I mean is that when you take bitcoin to become part of your life,you will know that you have to keep your coins with you till old age no matter what significant circumstances that befall bitcoin price,you wouldn't bother because you have seen it that it is part of your life.

Long term bitcoin journey is just like you are building a house from the foundation to finishing. You start by buying a land after that you dig the foundation and block is been laid gradually,sometimes when you are short of cash inflow,you stop building for a while and keep on saving little funds to that when you put it together it can become a reasonable amount to continue to building project,sometimes when you have a huge amount of money,you remove a large part in the building as so on gradually your building is getting higher to roofing. You might end up building a bungalow or if you have the plan of building a bungalow,and getting to roofing,you observe that from your cash inflow you can build a story building. You will just ignore your initial plan of building a bungalow and go on to build a story building. After you have finished the building,you pack in and whatever gets bad in the building,you will amend it and when it is looking old,you can renovate it.

There is a time in your bitcoin journey that you might be have some financial challenges in your cash inflow that you won't be able to accumulate more bitcoin to your investment portfolio and there will also be a time that you will use DCA method,the important thing is that make it your priority. The punchline is that you keep on spending till you pass on,to put shelter on your head. This is how to invest on bitcoin should be seen so that you can see it as part of your life,because in future to come bitcoin will be the shelter on your head when bitcoin price hits a huge amount. So let's see bitcoin accumulating and holding for long that we are building for our future to come and don't panic or sell in whatever price bitcoin is.

I always manage what cash flow I have and I will not plan in the short term as an experiment because for me the longer term will be better even though you have adjusted to the goals at the beginning, I always want a week for each accumulation but when there is a sudden need such as one that cannot be avoided so I put it on hold a few weeks then move on again once the cash flow situation is back to normal and most importantly HODL is the main goal in a few years or even longer.

Even though the market is down, there's no need to be too greedy, we've made notes every week for the accumulation of DCA and it's better not to miss it putting dollars into bitcoin is a little bigger and that's what I've wanted to achieve so far.

So every year, I want there to always be an increase in the accumulation.

Something is wrong with your strategy since you are just "hoping" that you can hold longer and longer and longer, and so you seem to be doing something wrong.. .like you are gambling.. and you are so nervous to lock in your profits in dollars because you are worried about a correction..

I get the sense that you might be overly investing.. and that is what is causing you to feel so nervous but I doubt that I know enough information.

A solution could be to merely shave off a small amount of your BTC stash at various increments on the way up.. that way you are hedging a bit better for down, yet one of the problems with shaving is then you might become nervous that you sold too much too soon if the BTC price keeps going up.

I think that the punchline should be that you should be able to set forth a plan.. and maybe you just have not invest less and just never sell.. until maybe you reach some kind of goal in which your B TC stash is worth 3-5x your income, then you might rethink your strategy at that time.. so concentrate on merely building and buying and just buying regularly and buying on dips, and then once the value of your BTC gets to a certain price threshold where it constitutes something like 3-5x your annual income (or 3-5x the amount that you need to live for a year), then at that point maybe reconsider if there might be something that you might want to change in your strategy.

Now if BTC is already 3-5X or more of your annual cash needs then maybe you need to set your BTC accumulation goal higher until you achieve that and recall that entry-level fuck you status is around 20-30x your annual cash needs, but there are varying ways to assess what 20-30x is, and you don't necessarily want to valuate BTC on the top price, and likely better to attempt to valuate BTC based on bottom prices, such as 200 week moving average or some other price (or way of valuating it) that you would consider to be a reasonably conservative bottom because no one should be considering themselves to be in entry level fuck you status and failing/refusing to account for the real world.. which includes that bitcoin has always been volatile and one of the most major guarantees of bitcoin price dynamics is that it will continue to be volatile, and not even really knowing for sure in which direction -= even though pretty damned decent odds of trending up, even though no guarantees of that, either.

Good strategy, I guess we have to sort of re-invent everything on how we are going to see our Bitcoin and why we are holding it for a very long time. Not just for this testy market moments, but perhaps the end game of Bitcoin to us, because we will feel and be affected mentality, so we need to be strong and think outside of the box on how we are going to HODL for a long time.

For me, just take it slow in the beginning, I might set a personal record to hold, let's say short term is 10 weeks. And if I can brutally manage that then I go for 26 weeks, at least half a year and see how it goes to me. Then why not go for 52 weeks? If I can do 26 then maybe another half a week can be done? And that's how I started though. Now if ever I see the market down, I'm not emotionally affected and just like what others do, just continue to accumulate sats in whatever manner we can and we will be good in the end.  .

I agree with you and yes in the current condition of the market a Hodler doesn't have to fear at all because our main goal is to Hodl for a long time so that we can live a happy life after retirement. I don't think that 6 digit is enough to accomplish that dream of complete financial freedom. I personally know a person who bought Bitcoin when its price was over $60k, and the guy is still Hodling it in the hope of huge gains after the halving, but the true hodlers doesn't even care about the halving because they just buy it in the dips and Hodl for decades to come.

I think someone who really wants to gain good returns from Bitcoin investment should Hodl it for more than a decade in current price range. And, even I personally know people who believe to Hodl their investment until they are over the age of 50. They are currently young and they are in age range of 28-31 years right now. So, it's more than two decades for them to reach that age, and I believe that they will be among the luckiest investors at that age. I'm sure that Bitcoin can grow very high in value after a decade or two and the ones who invest in it now could be very profitable after those decades.

It's no less than a inspiration that Satoshi himself is Hodling more than $1 million Bitcoin and I'm sure that the inventor of Bitcoin is already above 50 in age. But, I personally believe that one should only buy Bitcoin when the price is dipped, because that way an investor could accumulate more Bitcoin over time and the final exchange rate could make his/her life financially stable for rest of the life.

It's a investment that only intelligent people can understand and they are the ones who will be free from financial problem in old age. In young age it isn't hard to earn huge sums of money but as we age we might not have that much stamina and energy to work and earn, and that's why investing in young age is the best form of security for a peaceful, happy, and financially stable life in old age. 

To convince myself to keep HODLing during "testy" market moments is to keep telling myself that the Bitcoins I HODL in cold storage is a kind of time deposit placed in a secret Swiss banking account that cannot be touched until the right moment. That moment is when it's trading in a six digit price valuation+. That's why I don't have the same complaints when fees surge, because as a "secret Swiss banking account", you don't use it to pay for coffee transactions. I believe many of you don't want to be like the Bitcoin Pizza Guy. That was probably the worst trading decision of his life.

It is you that is wrong @fzkto...and you are underestimating bitcoin potential just because the price is not pumping as you expected. The best way to invest in bitcoin is to buy at dip and hold for a very long time. Which this is the best time for that action,but I don't think that you understand it this way,if not you wouldn't be talking about shitcoins. Shitcoins are centralized and can easily by manipulated in price to 100x profit and after so many people have bought it,thinking the price will keep on pumping. Before you know it the next day that value can rundown to zero,which makes it highly risky to invest in them. Shitcoins will end up putting Frustration,disappointment and great loss to their investors. Shitcoin cannot be held for long which makes it useless and unsafe to invest in it. Investing in shitcoin is gambling,which the probability of making profit is slim and you will also be worried just like when you are trading. I can buy my bitcoin and keep it till the next 15yrs,it will add value and might be 10x or more the amount that I bought it,but can I but shitcoin and hold it for ten years no. I can't even hold it for 3 months or more before it will depreciate to zero level. Invest wisely mate and think more of the nearest future than thinking of only today. Shitcoin prize will never get to your target prize that you intend to sell. Only bitcoin is the future hope amongst other assets,physical or digital

Wrong reasoning. If you are solely a bitcoin maximalist, then it is understandable why you say that. But if you listen to common sense, there are very good opportunities right now to buy shitcoins bags and wait for the price you are willing to sell at. There haven't been prices like that since 2020, and it's silly to give up the profits you can get in a year or a year and a half for example.

You see, @Odusko, there are certain level you will get into and will definitely needs more explanation on something and in this aspect, when considering the discussion of bitcoin holding on a broad length, we cannot overemphasize or neglect the little diversion into other cryptocurrencies as well, the main purpose of doing that is just to juxtaposed the fact that there's a difference that needs to be taught and you cannot make such expression without settings out practical examples, this is not when the whole idea or discussion has been shifted into something else, both when you diversify, you make use of more unique ways to buttress your point and come back to discussion.

If you are to also consider the bitcoin holders in respect to the current market price, the ongoing news, other cryptocurrencies and many more factors which could also cause a determinant to wether you continue holding or you release the asset and sell, a good example is to have a clear understanding that you're not expected to assume altcoins a good and profitable asset to invest or hodl, but bitcoin is the best instead because it will sure gives you rest, safe the stress, fear and gives you the profits required at the end of it all.

We can not keep mentioning shitcoin or crypto in our discussions since we are strictly limiting our discussion to bitcoin only as our primary asset and single portfolio, there is no future in shitcoin so we must not waste our time analyzing the market and possible outcome, bitcoin holders know this better and are futuristic in they approach in the accumulation process whenever the market touched a discounted price ro hodle for the future gain and that can not be said with altcoin since their market is highly manipulative because of the over-involvement of their developers who will constantly manipulate the market just to cashout their own gains and eventually drain out the coin liquidity then possible exit scam on the holder.,
But Bitcoin on the other hand has a sustainable market price and no matter what comes the Bitcoin value remains intact unless you want to DCA at the wrong time because when it comes to Bitcoin, the entry price vs the exit price determines what the holder will walk away with be it gain or loses.

Thank you sir your words are very helpful to me and they are very informative.
I have gotten few answers that was bothering me and I believe I won't disturb or stressing myself to get answers. Sometimes I am very happy having people like you around the forum who are willing to assist and educate any that comes across their way irrespective of their gender and region or religion 

We are not really talking about shitcoins here or the extent to which it might be prudent at all to include them in your investment portfolio, but surely each person does need to figure out those kinds of allocation matters - including the extent to which they might get involved in shitcoins - especially if they might already know about bitcoin and they are attempting to decide how much to get involved (or invest into) bitcoin.

For sure there are ways to accomplish individual objectives, and some folks might have trouble really figuring out the various possible investments even if they might end up accomplishing the first most important step which is to figure out how much of a budget that they actually have for investments.. whether they have any discretionary income (extra income after accounting for their expenses), and then if they do have discretionary income to figure out the extent to which they might make changes in their life (or even have some upcoming changes in their cashflow/employment status) that would contribute towards their considering their cashflow into the future - once they might have had assessed their past investments (if any).

So choosing assets to invest into is still only one part of the formula, and the likelihoods of getting stressed out over some of the current events (or dynamics in the macro dynamics) might partially indicate that the person is not having a lot of success in terms of figuring out his/her own finances and the creation of some kind of a road path in regards to personal finances will likely help with psychology and also likely help with choosing which assets to invest into, what proportions and maybe even various ways to make progress towards reaching staking level goals - depending on which assets are choosing and target levels that are chosen, too.


I am planning on making a response over in that thread soon.. maybe even today or tomorrow.. and I read through the first 3 pages.. so I am getting close to being able to respond.. .. and at the same time, there might be some things that you are asking me related to merit sources that I have no intention to really getting into any of the nitty gritty - and you likely can review various sources about merit sources, and even some of the threads in which theymos had introduced the addition of such merit source practice in January 2018. 

There are a lot of threads out there related to merits and merit sources... and this one is good to give you some numbers, comparisons of various members and even members sometimes making comments (or complaints) along the way.. of course, there is no need to read every single response inside those kinds of threads.. but sometimes you can still see that various discussions had taken place, and maybe even members complaining more in the earlier years.. but then maybe not complaining as much in recent times.. and maybe complaining about anyone who complains in recent times..  .... which I am not even suggesting that some of the current complaints might not be valid.. and I have even participated in some of those conversations without even wanting to necessarily repeat something that I might have posted about 1 or 2 years ago.. or maybe even my ideas have changed, or maybe I am not even wanting to discuss some things.. and then just telling the member to go back in history and to figure out some of those matters.. to the extent that the issues matter or if there might be a specific question that is tied into something that happened or why, then surely it could be a better frame for a question, rather than just generally asking about some kinds of things that might be answered by browsing through some of the threads related to the topic.


Yes.. there are some members who use those kinds of bots to notify them if their name had been mentioned in some forum post, or maybe if they are a bot, then they use themselves to notify themselves.  I deny receiving any such notice prior to yesterday, and if I had received notice prior to yesterday, I did not recognize it, appreciate it or understand it.. sufficiently enough to actually realize that I "should" "look into it"..     


People show off their wealth all of the time, and maybe sometimes it could come back to bite them in the ass.. yet I doubt that the mere fact that someone shows off his/her wealth is a bad thing, so there is a kind of nuance in the ways in which someone might show off their wealth and also ways in which they might show off more information than they need to show... so for example, some early bitcoiners might not have had realized that showing off their actual wallet address.. and that they might have 100 BTC in that address or even 1000 BTC in that address, and then if that address had publicly (or at least amongst a certain group of friends/associates) been connected to the identity of a certain person, then there surely could be some traceability regarding if those coins are still there, or if some of them had moved or maybe even to show some financial relations or ongoing holding of the coins that could contribute to some vulnerabilities in the future that had not been recognized or appreciated in the past.. because maybe in the past, those coins were ONLY worth a small amount of money, but then in the present the amount has become very large (and very life changing for a number of people who might not be good people.. and who might try to attack such coins either physically finding real world vulnerabilities or perhaps finding other vulnerabilities in terms of how the coins are held.. and maybe the more scary part could be having our physical security put into jeopardy - and maybe even the person who is attacking does not have good information and if some earlier adopter gets attacked they might not even be able to prove the attacker to be misinformed in regards to his/her beliefs regarding the number of coins that the OG bitcoiner currently has control over or abilities to access.

I guess you are very right on this because a man secrets is what keeps him afloat from others. I would not be having some certain amount of BTC and then disclosing it to my friends because I want to show a sign of wealth that would be stupidity and a sign of immaturity as well.

Any investment which investor is selling out of proportion to me it seems to be a misplacement of priority, such opportunity may never happened it's good to always have a spare cash at hand and not investing with all they have for any emergence purpose. Planning very carefully sometime always protects our investment, because we won't deliberately go alter whatever assets we had accumulated.

But that notwithstanding, Everyone invested according their capacity also have the power and ability to sell at any given time without undermining what form and kind of currency they are actually holding be it bitcoin or altcoin, anyone who is holding bitcoin understands the potentials of it would never let it go in just a little blown of an air of hardship or problems that may likely arise. Drafting investment is a long benefits to the investors also help securing long lasting profitability which is more overly for long term investment rather than go for a package of short term. 


I never knew you had no idea about it, was actually thinking Expert as you people always used a notification bots maybe if anyone mentioned your name you get notified by the bots.

Being a genuine holder, you're not expected to show fear on what is going on especially with the circulating news for fear of missing out, if a bitcoiner truly understand the difference he stand betw him abd someone who had invested on other cryptocurrencies, fear of missing out through the influence of the news shouldn't be a foncer because it will definitely affect your hodl, some may through these sell out even when it's not yet time.

Some got carried away because they think the market is going bear and so could there asset go down completely to zero so they have to rush in haste and sell, being a bitcoin holder, you will have to learn and know how to react to aggressive news around the crypto network as well as being calm to hold on to your decision because those are nothing but sight attractions causing nothing but distractions on holders.

The attack we are talking on may come through the government, other competing cryptocurrencies, influencers, scammers and many other sources for their own interest just in other to ensure they cause a stir to the bitcoin network which apparently has nothing to do with the market price, because the demand and supply is what majorly justifies this, you can imagine how grateful those holding this year would become by next year when we have already experienced bullrun after which Halving has taken place.

In the middle of the confusion and the outrage caused by the SEC, a successful Bitcoin HODLer is also the person who judges the quality of his/her investment by the kind of enemies it makes, and Bitcoin has made some significant enemies out of those high-ranking bureaucrats who are working for the government.

I believe that success shouldn't only be measured through how much value Bitcoin has made for you. It should be measured by how much you want to support its ethos. As a mere HODLer, support = HODL.