Topic: Buy the DIP, and HODL! - page 562. (Read 135339 times)

that's right, I've been waiting for moments like this. for a long time holding bitcoin and several types of tokens and hopefully this investment will bear sweet fruit.

Absolutely! I always have my eyes open for a good opportunity to buy the dip and HODL. It's like hunting for treasure, except the treasure is Bitcoin, and the map is the market charts. I'm excited to see what this opportunity holds and ready to pounce when the time is right.

Let's get this crypto party started!

To all who like to Buy the DIP, and DCA. There's another Golden Opportunity coming, although it might not be as golden as low prices of November, but a good opportunity nonetheless.

 

ARE YOU READY?

Just a reminder we are in a 10% dip, if ya have any extra powder this is good time as any to supplement your dca

Bitcoin happens to be the most suitable investment for small-scale starters who are looking to grow the profit in the long term with their relatively low percentage investment amount, take for example someone who wants to accumulate a total of 14k worth of bitcoin in a 2 years time frame with an annual income of 50k this the 14k may some up to 7% of his total annual income and it will take consistency for the investor to be able to follow through with the investment plans since there may be some unforeseen situation that could limit his purchasing power in the long run, but it requires a lot of efforts and calculation to be able to set out such an amount to build up your portfolio and since Bitcoin is an unpredictable asset that has a volatile market value it becomes hard for those working against it market to take investors by surprise to put out efforts that could truncate the efforts of the investor who. is looking to solely depend on bitcoin to cash in on it long term potential and possibility.
But above every other asset Bitcoin should be placed at its highest priority rate, since Bitcoin is the most visible investment for newbies or start-ups who are looking to build multiple wealth streams within the next couple of years to come.

Well, I think not everyone has good knowledge of how to invest effectively and grow sustainable wealth, even when they are not working. Bitcoin is one of the best investment options to be considered when one is trying to venture into investing their income. Although we are full of speculation with the Bitcoin price, just as you have said, I just think people should not carry all their eggs in one basket. It's always good to invest in different assets; for example, landed properties are a good investment, but the thing is that some people just think they need to only invest in one asset and do not know that they should have different investments so that if one fails or does not yield the desired results, they will still have one to depend on.

Some years ago, I lost my money to an investment scheme that promised to pay me a 20% monthly return on my investment, but they crashed out and I couldn't get my money back. There was this elderly man who invested all his entire life savings and those of his wife into the same investment scheme I did, and according to him, the money was about $20,000, but all was gone. I learned the lesson of not investing only in one asset from that man's experience. My money was not much to invest in other thing at that moment if not I would not have invested all my money with that company, my plans was to save up from the monthly profit I will receiving and use it to invest in other assets, but was unlucky.

Also, often times, people forget to use the DCA strategy to invest in bitcoin.

Well each person is going to have a different basket of options that are available to him her based on his her situation.

If a person has a total current investment portfolio of $12k, and an income of $24k per year, s/he might estimate that if s/he is able to invest 10% per year, then it will take him/her an additional 5 years in order to double his/her investment portfolio from $12k to $24k.. and therefore have a years worth of value in his/her investment portfolio.. .so then the question might be how to allocate that investment portfolio, because some folks believe that you need to get your investment portfolio up into the 20x to 30x arena (of your annual income) in order to get to fuck you status or some kind of an ability to stop working.

So then if it takes 10 years, just to build your investment portfolio to 1 year of income, then there are some needs to figure out how to allocate in order to build faster, or maybe to increase your income or to increase the percentage that you are able to invest.

Bitcoin may well have more flexibility to invest, and of course, each person wants to be careful that s/he is continuing to build the total amount of his/her investment portfolio (and taking advantage of compounding) rather than losing principle along the way, and then not really being able to reach something like a 20x to 30x goal.... and sure maybe any of us can profit from not getting to those 20x to 30x levels, and it is possible to still prosper with less.. but if a goal is to be able to stop working and to still be comfortable, then it may well be good to consider how much it takes to get to those kinds of goals and how to allocate in order to attempt to balance the risk and the reward, which also likely means that there are allocations to various assets (and I am not referring to investing in shitcoins.. but sometimes property, stocks, businesses, commodities, forms of cash).

It is great to see that you have developed good financial values that can help to navigate through the journey of world of  Bitcoin investment. You are absolutely right that it is very important to develop ability to resist temptation of selling too soon and getting too greedy is crucial for Bitcoin investor. Over reliance on anticipated profits and lack of knowledge can lead to wrong decision, so it is important to continuously educate oneself about financial market and to be aware of risks involved. Additionally, accurate financial  approach that can provide extra liquidity to sustain you through long  term journey of Bitcoin is equally important.

Yes, I totally agree with you, man, there is no guarantee institution that bitcoin will give the highest price again and there is no guarantee that indeed you will be rich if you continue to invest in bitcoin into the future and that is only based on speculation from the results we analyze so that it creates a belief that bitcoin will give the next highest price, I myself went through it and studied it long enough so that subconsciously I have faith in the price of bitcoin that will continue to increase towards the future from what bitcoin has ever touched in the previous cycle, and the only guarantor in my opinion is your beliefs about bitcoins that you made yourself for yourself.
In a general view it is like an asymmetrical bet, as well as the possibilities of shamanic sentences to its customers and the mindset if you shelter you will become rich if you have a lot of property for rent but still be destroyed if a natural disaster destroys your property, that is I think it depends on the beliefs and views of each.

Usually, traders will always take advantage of the momentum of this correction to buy more Bitcoin because their goal is to take more significant profits, but I, as an ordinary person, also try to buy Bitcoin during today's correction and not for me to sell again in the near future. But I bought it because I'm starting to like Bitcoin and I will keep it for a long time, because some people who love Bitcoin will definitely not sell it in the near future even though they already know that this correction is only temporary.

In this month the price increase is still much stronger than the correction, because the current price after correction is also not too far from $ 30K to $ 31K and this might be an indication that the correction will not be strong enough this month, I also hope this correction not very strong on Bitcoin although I'm buying at this point not to experience direct gains on Bitcoin.

Our DCA can be further increased considering that the current price is getting corrected due to today's decline but this opportunity is good for anyone who can buy faster but if you are still using the DCA strategy, stay calm and it must be according to your portion, how much should you be able to afford at this time. we can buy slowly and we don't think about quick profits.

Even though the volatility is still quite strong we don't know with the correction that will occur whether this will be sustainable or just a moment but fundamentally it will still be enough with a reversal at the price of $ 30K later, we still have a long way to go to see bitcoin grow more just hold on to what you have while it builds many years with bitcoin.

I'm not thinking about gains this year, bitcoin will be worth a lot more in the next few years, just HODL.

involvement in Bitcoin is quite fun buddy, indeed the current market conditions are not stable enough after Btc ran fast from $20k to a price of $31k of course we will see the market reaction to the decline, Well today the market is back in the red where Btc has corrected to a price of $29k which makes the balance of the market situation in the Bearish category which we can use to buy in this declining condition.

it is likely that we will not correct more strongly given the volatility of the bitcoin market is quite strong and it will be as soon as possible that we see a more rapid reversal. buying at a time of decline is a wise enough thing to hold back until we really see the profits coming our way.

I don't disagree with anything that you are saying Odusko, yet each of us also has to attempt to be more concrete in terms of what factors we are considering to be relevant in terms of something like our cashflow, and each of us will be considering matters much differently if we have a strong cashflow that might be keeping up with the cost of living and maybe even that we are in our earning parts of our lives and our cashflow might be increasing each year relative to the cost of living versus if our cashflow might be flat or even losing value relative to the cost of living.

So it is not ONLY cashflow that we have to individualistically consider.  With particularization we also should be attempting to consider how much bitcoin we have already accumulated, our other investments, our view of bitcoin as compared with other investments, our timeline, risk tolerance, and our time, skills, goals (investment/lifestyle targets) and our abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

And, it is not even any kind of an easy task to get through each of these, and even if we might get through each of them, in regards to how many BTC we have already accumulated, we may well need to consider if we might consider ourselves to be in a BTC accumulation stage or a maintenance stage or even in a liquidation stage.. or maybe we are kind of moving between one stage of our bitcoin journey to another - somewhat based on how various other macro-factors might play out or even as a trade-off in terms of considering the other factors that we need to consider, and a change in one of the factors may well end up changing other factors.. but still it would likely be a good idea to know about how to consider each of the factors, even if we might not be sure how to approach each of them or if from time to time we might need to reconsider one or more of the factors or not.

The most important characteristics a bitcoin investor should strive to develop is the ability to resist the temptation of selling off too soon and also getting too greedy at some point, blinds their sense of judgments, in managing a proper cash flow there is need for the investor to develop an accurate financial management approach that always provides an extra liquidity that could sustain them through the long term journey since most of the crisis arising from Bitcoin long term investment is as result of the investor's inability to take his financial burden off their Bitcoin assets and also over-reliance on the anticipated profits on their Bitcoin investments and their inability to build the right financial knowledge that could sustain and guide their financial actions since we are in a volatile market like Bitcoin whose future outcome is always unpredictable so there is a need to an in depth understanding of the financial market as an investor in other to know when to ride on a dip or take a look at other asset that could possibly perform on the same line with Bitcoin or competitively.
I am not a financial expert yet but i have build some financial values that help me navigate through, as a newbie in financial analysis and this have helped me greatly to make the right financial decisions when it comes to Bitcoin selling vs buying - holding vs selling off to cash in on profits and in all this, i understand the place for (RIGHT TIME) because, acting at the right time is what differentiates a nobs from a pro in financial actions.

I think that there is something wrong with your picture Sayeds56.  It's like you are being too optimistic in regards to how "little" BTC price appreciation is needed before the bitcoin price (market) starts to become less manipulatable and therefore more "stable," and you are speculating that a mere 10x price increase from today's prices would be enough to contribute towards more BTC price stability.

It's not like I consider you to be wrong in substance, but mostly wrong in degree, since I do agree with you that the larger that bitcoin becomes the more "stable" and "less volatile" that it is going to become, yet I would consider increases in BTC's market cap to gradually contribute to the lessening of the likely inevitable volatility and we are going to likely need around 200x to 1,000x or more price increase from here before the volatility starts to subside in any kind of material and/or meaningful way, and yeah sure of course, every increase in BTC's market cap ends up requiring way more capital in order to manipulate it, yet I still think that the number of players and the back and forth battles and the attempts to manipulate just continues to go up because as the BTC price goes up and the market cap goes up and then number of players and the size of players continues to go up, they all kind of off-set each other and we continue to experience volatility and battles and the players just get BIGGER and BIGGER and the battles some times might get worse, but still some players are going to be less injured in the process and some will be more injured in the process and some of the players will find out that they should have been on one side of the battle or the other or that they may have had made mistakes along the way in terms of how they entered into the battle (whether they realized that they were entering a battle or not).

So I am tentatively thinking that when BTC's market cap gets between $100 trillion and $1 quadrillion.. then that will be the area in which there likely is going to be more stability and more acceptance of bitcoin.. and surely I don't disagree with you that along the way, there are going to continue to be lessening of volatility.. but I doubt that the volatility will just gradually decrease and even stop at such a rate that you seem to be presuming with a mere 10x increase in the BTC price from here.. and it seems that we are going to likely need at least another 20x increase in BTC price and market cap beyond your $5 trillion target area in order to just start to substantially and materially start to feel some confidence that the level of the battles are going down and some stability is coming into the BTC space.

Now how long that it takes for all of this to play out.. is not necessarily easy to figure out..

It seems that we should be able to achieve another 10x from here pretty easily, such as within this cycle or the next cycle.. and then to get another 10x to 100x after the coming 10x, could take another 20 to 200 years.  Who knows?  It is difficult to try to predict the various legs of the ups and downs along the way.. so many of us appreciate that we have ups and downs along the way, and sometimes if we might expect upward movement from here, such as 5x to 10x in this cycle, and we could end up getting down instead or maybe we end up getting 200x instead of 5x to 10x, so there are quite a few variations, and it becomes difficult to predict more than one or two legs out, without first presuming what the first leg is, and then if that leg happens, then we have these various other "leg possibilities" that come from the mere fact that the first leg ended up playing out like (x ) rather than playing out like (-x) or rather than playing out like some other variation of (~x) that we had not anticipated.


yeah, but we are not talking about trading in this thread.   fuck trading.


I agree with all of this part, except for your inference that there is some kind of "guarantee" that the BTC price will go higher.

There are no guarantees that the BTC price will go higher, even though bitcoin remains a great asymmetric bet to the upside, perhaps amongst the best of asymmetric bets for a lot of normies who might not otherwise be able to invest because barriers to entry are difficult.

And, I am not even suggesting that barriers to entry into BTC are not high also, but the barriers to entry into BTC tend to be in regards to the person learning about it and acting upon such knowledge. and in a similar regard, I would assert that there tends to be a lot of barriers in terms of being able to invest in other kinds of assets (and if you are able to invest fractions of amounts or very small amounts at a time, even though some assets (investment opportunties) are coming more and more available to normies that had not previously been available.. but don't get distracted into shitcoins merely because they are available.. it is not worth it.. and also some other kinds of traditional investments are becoming easier to invest into also, because they are losing some of their monopoly from the past and they are forced into becoming "easier to invest into" in order to continue to attract capital.. but many of us likely realize that a lot of that value is going to flow into bitcoin, even though it could take several decades for people to recognize the superior inevitability of bitcoin based on its sound money characteristics that is not shared by any other asset class.. even though some assets (including shitcoins might have short term pumpamentals - or better short term price appreciation as compared with BTC and some of that might just end up being bullshit.. and rugpulls... but some might be based on solid contributions that might be happening with some investment opportunities that might come available.. but then there still would likely be needs to consider the extent to which it may well be better to just invest into bitcoin rather than investing into potential complications that may or may not outperform merely investing into bitcoin.) 

It seems that the longer that any of us have been buying BTC, then the more likely the better off that we are, and it seems quite likely that this kind of trend is going to continue with bitcoin (even if it is not guaranteed), and furthermore, even if a newbie to bitcoin is just finding out about bitcoin or maybe only recently found out about bitcoin in a shorter period of time, if such person continues to invest 4-10 years or more into bitcoin, the chances are quite good that s/he will be better off for having had invested into bitcoin rather than investing into other kinds of assets, and even though sure there are no guarantees either.. but bitcoin still seems to be amongst the best of current bets (asymmetric to the upside) that are currently available if not the very best of bets that are currently available... again.. no guarantees..

It is indeed very good in buying bitcoins especially for those who trade both whales and anchovies, but some people including me who don't have much time to further analyze either technically charts or sentiments of news speculation I think it will make me worse at searching opportunity to buy bitcoin, especially me, who intends to hold it for a long time, sometimes I don't care about the volatility and market opportunities in a particular month because the calculation is based on the previous high price, for example last year $ 69k and the next cycle will definitely be higher the highest price, so when the price is in the zone like now which is still below 50% of the previous highest price DCA I continue to buy bitcoin, because in my opinion the opportunity exists when the price of bitcoin is still far from the previous ATH.

I completely agree with your suggestion that it is always beneficial to get involved in Bitcoin even if someone misses out the opportunity to buy at major dip.
I think the volatility of Bitcoin will persist until marketcap of Bitcoin reaches to a more substantial level, such as 5 trillion or higher, as on this level it will become difficult for whales to speculate the market. Despite current volatility, these fluctuations present good opportunities to get entry at lower prices whenever such an opportunity arises.

I would suggest that even if many folks do not buy bitcoin on the dip and they end up coming into bitcoin much later, they will still likely do o.k. to get involved in bitcoin rather than continuing to stubbornly resist bitcoin, so there remains quite a bit of advantage to get into bitcoin sooner rather than later and to work out various psychological difficulties that come with bitcoin's ongoing volatility that is likely not going to start, and also just continuing to learn about bitcoin along the way, and surely even very rich folks learn about bitcoin and can be humbled by bitcoin at various times..and it can take a while to build a stash that causes someone to become more psychologically stable and to begin to believe that s/he has enough bitcoin.. and perhaps even the Michael Saylor (MSTR) example shows that buying a lot and buying more than others might not feel like enough for some folks.  Others come in at various high prices and then they might buy a lot of BTC with average costs per BTC that are way above the BTC price for significant periods of time prior to starting to getting back into profits and feeling more comfortable to have more options when in profits as compared to not being in profits.. even though ongoing buying of BTC while not in profits will likely bring down the average cost per BTC.

I have similarity with you in this concern. I strongly believe in Bitcoin. I still buy bitcoin and if the price of bitcoin drops drastically tomorrow my interest in Bitcoin will not decrease. Though i won't find that dip anymore. But I have always taken the DCA technique for my bitcoin holding. I suspect that those who talk negatively about bitcoin are either trying to find the bitcoin from the dip or they just don't know about bitcoin. Whatever the SEC or the Fed says that won't stop me from holding Bitcoin. World leaders are now worried about Bitcoin. Many of them are regretting why they didn't collect bitcoins from the dip. So even if the price of Bitcoin rise up, I find a dip. I will continue with my strategy until I collect bitcoins according to my expectation.

Because they treat Bitcoin as a, what legacy finance investors would call it, "gambling token". But that kind of perception will not last forever. Bitcoin has the properties to break down political strong holds, it's not merely "P2P Cash" like many people would like you to believe. In fact, Hillary Clinton has warned that Bitcoin could destabilize nations.

 

She's learning.