Topic: Buy the DIP, and HODL! - page 561. (Read 135368 times)

No one can predict about Bitcoin bearish and bullish trend. As per the situation expecting a dip at $16k is not the right decision at the moment.
Bitcoin has been trending bullish over the past few months with occasional price corrections. Many may be expecting a big dip in the price of Bitcoin, which I think is meaning less. Because when the market stood at $16K, some people made various negative comments for it to go to $12K or $10K. But those investors' dreams did not come true. If they want to buy bitcoin, they need to buy bitcoin with $28000 at the moment and maybe more money need to spend next week.

Not crypto but Bitcoin.

$16k is DIP ? That's still a long way off I think a price above that even if we have good cash flow to buy for example the current price is a good time, but waiting for a drop to $16K is still very difficult and it's unlikely we will see that price again because of bitcoin has experienced a period of considerable upswing during the early years until now.

If you can't afford DIP then do DCA for you.

The Kingdom of Bhutan has been mining Bitcoin for several years "at a relatively low cost by using green energy", https://www.nobsbitcoin.com/the-kingdom-of-bhutan-has-been-mining-bitcoin-for-years/

Doesn't that sound like philipma1957's mining operation? I believe there might be more of hybrid, slightly-independent mining farms around different parts of the world that are operating with relatively less dependence on their national power grid. That's real decentralization.

Knowing these kinds of things happening in Bitcoin Land makes me more confident about HODLing.

this is a DIP for crypto currency prices,
it has been proven if we look at the Bitcoin chart then you will understand that Bitcoin lasts a long time not to fall from $ 15k,
and it is proven that Bitcoin can survive above it, maybe indeed $ 16k is a DIP and if you want to buy then this is the right time.

As long as bitcoin is below its old ATH and our goal is to sell only when it hits new ATH or $100k as everyone is expecting, we can buy bitcoins whenever there is money. Now is also a good time or bitcoin hit $40k still the perfect time to buy bitcoin its never too late to invest in bitcoin.

Bitcoin is still unpredictable in the short term so I don't think your prediction will happen. No one knows if it will increase or decrease in the coming days, but we can do DCA, and accumulate now rather than wait for it to fall further.

It is still uncertain whether it is a bullish or bearish sign considering that currently Bitcoin's position is sideways and various possibilities can occur. Now investors are waiting for US inflation data to be able to determine their trading steps. If the data that will be shown later is slightly negative it will probably be the reason The FED can increase their interest rates more aggressively and that will have an impact on the price of Bitcoin. Right now we can only wait and see how the economic situation will go in the future and stay focused on HOLD.

If we look at the Bitcoin chart from February 2023, the price of Bitcoin was $22000 and gradually Bitcoin started to rise from that price. At that moment for those who missed the opportunity to buy from that dip, the current time can also be considered as a great opportunity again. Bitcoin was trading at $29300 for a long time and the current Bitcoin price is $28,528. A big bullish movement is expected as Bitcoin price is fixed at a certain level. Bitcoin shows bearish trend before every bullish movement. In the last 24 hours, the price of Bitcoin has decreased about 2.2 percent. According to the current position it is a dip buying opportunity for new investors as well as more profitable for those who use DCA.

I have my reservations. Look at the pattern between January 15 and March 10, then compare it with the pattern between March 18 and today. I believe we might find Bitcoin drop below $25,000 again for a short amount of time before a strong surge above $30,000. But it's merely a guess, just DCA + Buy the DIP bigger on significant price corrections.

You are absolutely correct about the psychological trouble you made mention of. Yes, about that. I have learned my lesson on Doge Coin and one other altcoin I can't remember the name again. I traded those coins around 2021, and just a few days or even hours later, those two coins were becoming too volatile. Either the price was gaining by about +30% or losing by the same percent, so I purchased when the price became so low, and when it spiked so high, I rushed and sold all my holdings, hoping to buy back if the price fell. I waited, and the price refused to drop, so I rushed and bought again, thinking it would keep going green and I would still make more profit, but after I bought, that was when the market began to crash. I just felt worse during that period, psychological I was troubled 😕,  but that's just the newbie cringe. I have learned those lessons with Altcoin, so I forbid that I repeat such a mistake with Bitcoin.

Well what if a green candle comes prior to a red candle?.. even something like $40k or $55k prior to some kind of potentially severe crashening.

In other words, suggesting that down before up is highly-likely is ONLY half of the formula, and in regards, to the 2019 pattern, we are not in 2019, so the dynamics are different - which does not necessarily rule out more UP before DOWN..

Even if you look at the 2019 upwards price movement, the BTC price moved up right around 3.5x between April and June (From about $4,200 to $13,880) - and then pretty much gave up most of that gain for a short time prior to moving back up.. (but of course there was the lil March 2020 blip in there, too)... so in one sense the amount of UP in 2019 had caused the BTC price to come within about 30% of its December 2017 ATH of $19,666.... and so if some kind of similar principle were to apply to the amount of UP (or retracement of the earlier price growth), then we can see that 30% of $69k brings us right around $50k.. and even with all of that, it likely is a fools errand to expect too much preciseness in any kinds of price patterns - while at the same time recognizing that price dynamics in bitcoin are still not so different from 2019 in order to appreciate that those kinds of price moves (or that degree of price movement) is not really completely removed from the realm of reasonable and/or plausible scenarios..

......even while at the same time being careful in regards to how likely we believe any of that to be in terms of overly assigning that the BTC price might move in one direction or another merely because you feel as if it might move in a certain direction.. and hopefully at the same time (on a personal level) to have yourself financially and psychologically prepared for either outcome... and how you do that has been beaten to death in these here parts... which means that you have ONLY have yourself to blame if you overly prepare in one direction and then some variation of the opposite ends up happening.

By the way, bitcoin prices do not even need to reach new ATH in the next year or two in order to continue to profit from the likely ongoing asymmetric bet nature of bitcoin, and surely we do not have any guarantees about where BTC prices will go or how long it might take for BTC prices to get to some level in which we are feeling that we are profiting relatively on a personal basis.. and likely at minimum, a lot of us merely want to be able to have investments in which our odds are pretty decent that the value that we invest will hold its value and even better if the value that we invest can slightly out perform other kinds of investment opportunities that might be available to us.

Where are we going to put our value?  There are no guarantees in any place, so then it seems to remain a question of how much to put in which of the various places that are options available to us.  The more wealth that we are able to build, then the more likely that we are going to have more options, yet ever since the invention/discovery of bitcoin, there has been price performance that has beaten other options - even though of course, no guarantees that such ongoing outperformance is going to continue, while at the same time, there is no real evidence that bitcoin has become a less preferable (rather than a more preferable) investment in the past 14 years.. and even in the past 2-4 years... likely more obvious to some folks since March of 2020 that various aspects of Bitcoin's investment thesis has been growing stronger rather than either staying the same or getting any weaker.

I realized about the pattern you are talking about especially after I analyzed the charts and compared it between the previous halves and the next halves. I am under the impression that a similar pattern is possible, but it will most likely be broken if a red candle finally forms in April. I analyzed monthly TF, but I have doubts about deeper dip between May to July. If indeed a correction is still very likely, I don't think $20k will break.

Buy dip and DCA is the best advice right now, of course as bitcoin has found new support since the $31k touched. I still expect May to be a recovery month for the bitcoin price, so $27k should be the support to hold on to.

There's another significant DIP that's probably coming soon. Although the probability might be low, the pattern almost follows the same one that happened during 2019. How significant the DIP will actually be will be answered in a few months by the market. DCA, Buy the DIP - pick your weapon, both strategies are acceptable for the long term HODL.

The current condition of the market is going through a slight downtrend. Some investors may panicking around this current picture of the market. Those who believe in Bitcoin or who are Bitcoin holders they consider this picture as an opportunity. Maybe the market could go a little deeper but I'm focused on using DCA instead of looking it's negative sides.

I will continue to buy bitcoins according to my ability and plan to set my mind with strong determination than before. I plan to increase my portfolio further based on the current situation and look forward to turning the current negative market trend into an opportunity.

Yes, it is an opportunity though not so attractive as it was in November-22, with the price having dropped more than $3000 during the last week and currently trading at around $27,700. It appears as market may continue to experience sideways movement, and Bitcoin price may remain within a relatively low range for sometime until a break-up or break-downs occurs which usually happens after a period of sideways movement. Every significant dip should be considered an opportunity to accumulate Bitcoins for long term holding.

Of course, there are no strict rules in regards to how to manage the accumulation stages of your BTC journey nor how to manage your maintenance of your BTC portfolio once you get from an early accumulation stage to a later accumulation stage and then into more of a maintenance stage.

You are running more risk to be mixing up buying and selling when you are in the earliest stages of BTC accumulation, and the more BTC that you accumulate, then the more likely that you are going to have options, including having a lot more options when your BTC is in greater levels of profits - so of course, you thereby would need to figure out the extent you believe that it may be good to sell some of your BTC on the way up.. and what might be those various trigger points.. and are you selling in order to accumulate more BTC or are you selling in order to off-set some of the seeming risks that come from seeming market frothiness..

There are a lot of examples in BTC's history in which previous bitcoiners become bitter about bitcoin because they sell too much BTC too soon, so sometimes selling too much BTC too soon can have a lot of negative psychological effects, especially if the BTC price ends up moving against you and then you might end up having way too few BTC in order to take advantage of even higher prices.

Of course, this thread is not even really about how to employ any kinds of selling strategies, and so part of my objection in terms of getting too much into those kinds of discussions regarding how to manage your possible selling of BTC on the way up.. is because this thread is largely about a different angle in terms of how to accumulate bitcoin and potentially how to get yourself to a financial and psychological stage that later you might feel that you have more options, including possibly selling some of your stash.. but it seems somewhat unfair to the topic of this thread to be exploring those options in very much detail..

Even though a thread called (SSS) - A Sane and Simple bitcoin Savings plan has not been active in several years, I do think that the various talking points in the thread provides a lot of good insights regarding how to consider selling on the way up .. and perhaps both what kinds of price thresholds and conditions to set for oneself and also considering whether buying back would be part of your purpose or merely just shaving off some profits along the way (which already presumes that you have more than enough BTC already in you investment portfolio), and even the starter of that thread rpietila (RIP) admitted that at one point, he sold way too many BTC on the way up in 2013, when he sold a decent amount of BTC at something like $600.. even though the BTC price did end up coming back down... and of course, rieptila's average cost per BTC was likely around $10 per BTC and maybe even lower than that, but surely depended upon how much he might have screwed up along the way.. and surely rpietila ended up being a bit of a scammer.. even though he had some good ideas too.. in spite his scamming tendencies (again RIP to rptiela)... by the way, Rptiela was also a bit too much of a gold/silver bug for my liking - since that seems to be his financial professional roots prior to getting into bitcoin, so he did seem to know quite a bit about sound money ideas and also spoke about allocations in terms of having BTC, gold and silver.. which may be a bit too specialized for my own thinking, and even though he did seem to recognize that BTC was better than gold (as a kind of gold substitute), he really got distracted into a lot of shitcoins, too... he was even a kind of scammer and shitcoiner before shitcoins were even a thing.. you can look at some of his past posts in regards to his always seeming to be selling.. hahahahaha.. again RIP to that nutjob.

Unless you did not read me correctly, I made it clear that DCA is what I will do until the price dips more. Even if a golden opportunity to buy comes, it may not really be a golden opportunity. But I said I would DCA until the golden opportunity came, and I would still make use of the opportunity and buy more. If I am earning up to $800 a month, then buying $200 of Bitcoin or more every month should not be a big deal for me. Perhaps I don't have intention to sell sooner.

Also, I see that halving is coming up next year, but I am certain I may not even see a very tempting price to sell my holding, unless, as some people would advise, "it's good to sell some portion and take profit first." I don't know what @JJG has to say about that.

@JJG, sir, Is it good to sell a fraction of one's holdings when the market is too bullish and offers a very tempting price like $100k?

Personally, I like the idea of DCA'ing at least once a week - especially for anyone who is in early BTC accumulation mode, and surely the amount that you DCA is a personal determination but also depends on how early in the BTC accumulation mode that you are, and the closer that you get to reaching BTC allocation target level, then the more freedom that you will have to be loosey goosey in regards to the amount of your weekly DCA - which may well also include how much value that you hold aside for possible dip amounts... and none of these are all or nothing matters, because if you do all of this in the better kind of a way, you are never going to run out of fiat and you are never going to completely buy the max of the dip.. because combining DCA and buying the dip should not cause you to end up completely going "all in" even if sometimes, you may well NOT have very much fiat in reserves, but still it is quite likely that you are always going to strive to have some fiat in reserves, even when the BTC price ends up going back up and NOT dipping back down...

Part of the satisfaction should be getting to a point in which you do not give any fucks about whether the BTC price dips or not.. because you have enough (or even more than enough).. but until you get to that status (which could take several years), you likely will continue to feel some discomfort in regards to how you are striking your balances of DCA and buying on dip.. and having feelings that maybe you are leaving too many dollars on the table or even feeling that maybe you bought too much and you do not have enough when the BTC price continues to dip after it had already dipped.. 


This thread is not addressing selling and/or trading...   So go somewhere else with that nonsense.. the emphasis here should be both accumulating BTC and figuring out various strategies to ongoingly figure out how to get enough BTC so that you feel that you have enough or more than enough.. which is a BIG enough feat in itself.


You are mixing the concepts in the way that you are describing the matter.

DCA does not give any shits about the BTC price... so you can buy no matter the BTC price and keep buying until you reach a certain level of satisfaction in which you are content with your level of BTC accumulation.

Buying on dips pays attention to the dips and the amount of the dip and tries to take advantage of such dips.. so buying on dips can supplement DCA, but it is not the same thing.... .. sure you can say, that you buy more when it dips or you add to your DCA when it dips.. which in itself means that you are employing a kind of hybrid of DCA rather than referring to pure DCA, which again does not give any shits about dip or no dip but instead just ongoing and continuous BTC accumulation at regular intervals no matter the price and perhaps until you reach certain other goals that you have whether that is to accumulate enough BTC that it constitutes 25% of your investment portfolio or some other goal that you might have, such as you are going to keep accumulating until you reach fuck you status...  .. which reminds me that a few days ago (on April 17), I updated my chart that attempts to prognosticate entry-level fuck-you status.

Of course we will take advantage of this opportunity to buy when we get a downward moment like what is happening now.  where the golden opportunity that can be maximized is to buy at a low price and sell at a high price.

DCA is still our mainstay during a market situation like this, we enter in stages to get the lowest price this week. We will not waste a step like this, as the saying goes, when you have drawn a conclusion, it is a wise decision that you have made.

Being stuck on a decline will make your DCA chaotic if you are in a bull run situation or when you don't find a decline in a month or so that you should do DCA once a month, I think it will really disturb your consistency.
The $25k price is a downside target this time but I think it's quite difficult for bitcoin to break, there will be a price reversal at $26k because that is the strongest support, If you still have your DCA budget today maybe you need to buy a few percent of bitcoin your total funds this month, if you only wait for the price of $ 25K you will wait for the next cycle.

Some people like to buy at the very top, when they see such an opportunity to take advantage of they will rather overthink the whole process and keep imagine to buy at the bottom.
They are probably waiting for 25k btc because a little bird told them so  , only the smart and wise will dca anytime btc dips.