Topic: Buy the DIP, and HODL! - page 564. (Read 122724 times)

You can do both.

You can buy regularly, and keep some fiat on reserve for buying dips, too.

In other words, you might not know when BTC prices are going top dip, and if you have a regular cashflow coming in, it may not be a bad thing to reach your buying accumulation targets.. Once you reach your accumulation target, you can likely be a lot more selective about when you buy or if you buy and how much of a dip you need before you buy.

So, each person should be assessing his/her own accumulation targets, and don't get too damned greedy.. just buy regularly.. and sure, if you have some extra and you see a dip, buy some more during that period.. but you could get really screwed up if you do not have enough BTC and you are waiting for dips in order to buy that might not happen.

Indeed, this is one of the best and oldest bitcoin buying strategies, buy every dip and keep HODLing! it is a very smart investment strategy done by a lot of traders and HODLers as well. If you are looking for profits in bitcoin you cannot just buy bitcoin all the time because sometimes the market is up and sometimes the market is down. so the best way to invest is by buying bitcoin when the market is down, that is what is called "buy the dip"! 

It's time to buy. I have been waiting for this. We won't get second chance to buy again. This dip is a boon in disguise. My funds are ready but I am in dilemma which alt should I buy?

Devolving? For having a shower thought about a small issue within the community that could be made bigger than it is? It will be a minor problem, made bigger, and the community will be split. It will be something like vi vs. emacs, or tabs vs. spaces. It might never end. Hahahaha.


For me, I don’t care, but for some people, they will care more than they should.

hahahahaha

You really seem to be devolving into a kind of glass half full kind of guy  in this matter, and perhaps it is not really that BIG of a topic - even though in the end you and I seem to be considering the potential BIGness of this topic from differing perspectives, too.

Sure, perhaps, there might be some aspects of the bitcoin community that are angling for units outside of bitcoins and satoshis, but really are they going to gain any traction and does it really matter?  Even now, after experiencing an additional 5-6x price increase since early September 2020, satoshis are becoming more and more manageable as a consideration to go make a $1 purchase, a $100 purchase, a $1,000 purchase, a $10k purchase or some higher value item, and surely using Satoshis does seem to put us into using positive value numbers rather than more frequently devolving into decimal places, but sure I am not opposed to the attempted use of some kind of unit in between satoshis and bitcoins, it is just a matter of which unit(s) might catch on and whether there is confusions about the reference - which surely would not be the case if a widespread number of peeps, venders, exchanges or whatever, started to use some kind of other unit, such as a bit (whatever the fuck that is?).. 

By the way, satoshis have likely already won the supposed sats versus bits debate that you suggest might be in existence and such a BIG ass deal.. and I am even having some difficulties recognizing the BIG deal that you are anticipating to become such a central dividing force in our imaginary upcoming future.        

I believe it will find itself to be in another controversial situation/drama within wallet developers, services, and users. It will be “the Sats vs. the Bits debate, which one should the community follow”? The community will be split again, in a smaller issue, but an underestimated problem.

The essence of the matter seems to be that I don't really know in terms of what it would take to have some kind of unit determinations become dominant.  It seems to be a kind of wait and see thing because none of the naming ideas can really be imposed but just a kind of factor of what a lot of people end up doing, just a kind of consensus that evolves.




I'm just saying that I don't know that the fuck a bit is.  but I know what a sat is and I know what a bitcoin is.  I don't know what the various other references are, but if the vast majority started using one thing or another besides satoshis are bitcoin, then I suppose that any of us can start to learn what they are.. so I doubt that it has to do with being against any of the names, but just being able to recognize that many or most people are using x, y or z, and then ending up knowing what that is referring to without any ambiguity, at all.

The supposed "unit debate" does not really seem to be controversial.,, as far as I have seen, so far.




Sure.. fair enough.. but does that get us anywhere except maybe just saying if things seem easy to do and then they kind of sink in and become wider in their spread of usage and then become a thing that people do... but at what point would they become mandatory in an open system?

Why is there no support of such from the community? Do we wait until Bitcoin-6 digits before we notice the need?


But for you personally, should it be Sats or Bits? I like both of them, but personally I like Bits. I believe thr Bitcoin community will have another governance problem/issue again that will be known as “The Unit Debate”. Haha.


I believe it’s also a UX issue. Bitcoin is not only about the protocol, it’s about User Experience as well.

No one can buy every dip and sometimes you should stop trying to find the dip price, Actually, you just need to buy and Hold, dip or not is doesn't matter but the most important is you join in the train. I have a lot of coins but if talk about investment i don't care the price is dip or not, I just buy it and hold it.

yeah!, DIP is a good opportunity for us to get high profit, why? because if the DIP is successfully touched and the Bitcoin price is sideways or goes up,
then the original DIP price will be a PUMP !, try to do it, buy Every Dip, and hold until everything is clear, the meaning is clear the direction of the market,
of course, stop loss must be put if you are trade, if invest i think its okay without stop lose.

That idea of unit bias has been batted around for as long as I have been into bitcoin, so it is not exactly an innovative idea.  I think Jimmy Song even had a BIP on it in 2017.. or was it 2016.. and surely there were people before him and even websites allowing for the selection of other units (fractions of a bitcoin)

 

Satoshis is probably going to win out because it is becoming popular, some of the other categorizations get a bit confusing in terms of which decimal point they are referring to.. but sure with anything, if one or more of them catch on, then that unit description could become widespread...

In some sense it does seem like BIG so fucking what to me depending on which problem that you are trying to solve, so sure some people are going to get confused into thinking that they need to buy a whole bitcoin or they think that bitcoin is overpriced and blah blah blah.. but in the end, those folks are pretty dumb ass fucks.. I kind of thought that for several weeks in my first studying bitcoin, so I am not even excluding myself from such camp of a person who is inclined to think in terms of the unit and to be a bit confused by the divisibility.  

Another issue is that our brains are wide-spread used to accounting in positive terms rather than in decimal places, which does seem to cause satoshis to make a decent amount of sense - and we also know that divisibility beyond the satoshi (into smaller units) is already taking place on lightning network, but I believe that in order to actually transact on the mainchain, those sub-satoshi units are not recognized, so they would have to be rounded up or down to a satoshi in order to settle on the mainchain.


I am glad to have some help responding to Wind_FURY's shower thoughts.. that's for sure.

I do agree that in your example, 130,000 is likely much easier to digest for a whole hell of a lot of people, besides mathematician nerds rather than 0.0013.... and it is probably more of a what "we" are used to kind of positive numbers thing rather than anything genetic about having difficulties with decimal places.

Not to step on JJG's toes but I think we need to start seeing more wallets / exchanges display mBTC or Satoshis for sure.
0.0013 BTC is something like 75 bucks.
It just looks awkward and difficult to remember the number of zeroes.

1.3 mBTC is better or even 130,000 Satoshi for example.
Especially once BTC starts hitting the $100K or $1million territory.

Another shower thought for you, JJG. There are many non-Bitcoiners, and some coiners who have been saying that Bitcoin has simply become too expensive for newcomers to buy. Isn’t becoming clear that wallet developers, and exchanges start removing “BTC” as the base unit and start to use something else?

Of course, I would not be claiming to be any kind of final arbiter in regards to what should be objectively deemed as "crazy-ass ideas."


Surely, much more reasonable when within about 60% of reaching it as compared to 10%.. so you are not going to get much if any battle from me on that point.


I suppose.. Personally, I am getting a feeling that I already said enough on that point for now.


Well, there are probably quite a few ways that some of these matters can play out, and surely having some ideas about your own dominant theories can be quite good for being able to see the world better and even to attempt to understand some of the seemingly confusing aspects, so long as you might not get too caught up upon that it needs to unravel in the way that you are considering and you are not ready, willing or able to tweak your ideas from time to time as needed based on facts that might be relevant to justify such tweakenings.

Debatable if they are currently “crazy ass ideas”. Bitcoin in a path to price discovery to a 6-digit valuation = not crazy anymore. Bitcoin as a World Reserve Currency = institutions are buying, wait for Central Banks/government to pass a bill to buy and HODL Bitcoin.

Plus I have a shower thought that United States might go through high inflation/hyperinflation because M2 Money Supply is very high, Velocity Of Money is very low = crazy ass idea.

Fair enough.

You gotta express those "crazy ass" ideas somewhere - otherwise no one will benefit (or suffer) from them.

 

As HODLers, yes, I know we should not be making “the why” a big problem that much. But what will I do during my time for coffee alone, with my shower thoughts if I don’t express them in the forum? Plus I know it provokes the trolls. Hahaha. Because it could be, or could become true.

hahahahaha

I am using those kinds of expressions just to harass you, and it seems like it is working..

 



Of course that could end up happening in the coming years, could take 50 years or more to develop or might never happen..

Doesn't it end up being a BIG so fucking what?  in terms of current considerations about where bitcoin happens to be and a lot of other stuff going on..?

Yeah sure, its not like I cannot see bitcoin going in that direction, but still it does not seem to be any kind of immediate concern - unless some kind of ideal circumstances occur in which confidence is lost in various other systems and all of a sudden there wide-spread confidence to put value into BTC... yeah, sure it could happen and it could happen quick and sure there are a lot macro circumstances suggesting that it could happen quick, but still seems to be like a big so fucking what.. if it happens it happens, and many of us BTC HODLers benefit a lot, but no way that we should be desperately relying on such a scenario to happen or even close to happening to be able to profit the fuck out of bitcoin (if we have not already) from its likely ongoing price trajectory that are in more probable scenarios rather than waiting for some kind of pie in the sky reserve status blah blah blah...

Regarding getting gold's market cap, that seems almost like a done deal already whether it happens this particular cycle or it takes one or two more cycles.. and didn't we suggest it is around 10x to 11x to reach gold parity (in terms of market cap), and depending on how you measure BTC's performance, we can already see that from a $5k-ish bouncing off point, BTC has already had 10x to 11x price appreciation in about the past year (accounting for the major dip in March 2020), but doing another 10x or 11x from here seems more than reachable in terms of reasonableness and prudence (even if it is not guaranteed to happen), it has pretty damned decent odds for anyone actually understanding in any kind of way what the fuck seems to be going on, currently and why BTC's price is continuing to rise in spite of it having had already risen a whole hell of a lot in the last year and even a whole hell of a lot in the previous years.  

There were a large number of smart people who were calling bitcoin a overinflated bubble at $3k to $6k blah blah blah.. and then they seem to not have any fucking clue about how to analyze bitcoin because there are still a decent amount of "too smart for their own good" peeps out there who have hardly any way of wrapping their dumbass heads around creating their own prudent and practical strategy around bitcoin, including ONLY needing to put 1% to 10% of their investible assets into bitcoin in order to be in a position to potentially profit from bitcoin, just in case it might happen to catch on.   hahahahahha  dumbasses...

And by the way, sure we can appreciate that there are a certain decent number of those previous categorized dumbasses who are actually coming around to bitcoin and starting to figure it out.. including realizing that they do not necessarily need to take a large position in bitcoin in order to profit stupendously, even though some of them (once they get it) have difficulties in restraining their lil selfies to a 1% to 10% position, and why the fuck should we care (as HODLers?)... we benefit from the fact that there are some peeps who are starting to "get it" even though there are still plenty who still do not "get it."


That's not really that "new."  Sure, so far, bitcoin has seemed to have had patters of repeating its peak periods within a kind of 4-year pattern that is almost eerily "on schedule".. like it is almost programmed (which could not really be the case that human behavior is actually locked in to having to comply with any kind of imposed timeline in terms of exponential s-curve adoption or whatever other dynamics are driving bitcoin's price - beyond a mere 4-year fractal pattern... so yeah, surely bitcoin price dynamics could blow outside of the four year fractal..  We have already discussed a couple of the recent BTC price rise patterns, 2013 and 2017.. so 2013 had two exponential periods that largely played out in a year and 2017 had one exponential period that drug out for nearly two years before climaxing.  So, sure I think that it could still be in the cards that 2021 could end up having two rather than one exponential periods that could then cause the price rise to drag out longer.. but who knows for sure until after the fact, even if we might be able to sense what might be happening while it is happening (but we are not sure about it), and so even if we might not be sure about what is happening or what might happen while we are in it, it remains decent to understand the realm of possibilities to be able to assign probability values to the various scenarios that might unravel in front of our eyes in order to be prepared both financially and psychologically for both upside and downside scenarios that might end up playing out... so in that regard, sure we might end up assigning higher values to one theory or another theory and then we end up being correct about the theory that we assigned the most probability, but still it does not hardly mean shit that we had happened to be correct because  none of it is guaranteed until it has already happened then it is guaranteed - even though some of us describe history in different ways too, even though it already happened to have happened.

I’m sorry my master. I was just thinking that Bitcoin will need to get a large portion of Gold’s market to be considered a practical World Reserve Currency, with enough market-depth to retain value, and be stable, or maintain lower volatility during crashes, and during bear market cycles.

I have a new shower thought. Bitcoin might see an extended bull market on 2022.

I don't mean to be combative, since we are becoming such good buddies, Wind_FURY - but why does it matter in regards to the level of liquidity of BTC NOT being up to $1trillion dollars yet?  It's like you are picking some marker that we have not yet reached and then creating a negative out of the situation to say that we have not reached that marker yet.. and makes me want to say.. who fucking cares?

I mean any kind of adoption takes time, so who the fuck thinks that bitcoin is going to get to world reserve currency status soon besides those pie in the sky thinkers who are outlining unrealistic expectations.

In other words, we have positive as fuck developments going on in bitcoin on an ongoing basis and maybe even moreso recently including, probably, being a bit ahead of schedule in terms of where bitcoin's price is at currently, and likely a wee bit much of institutional FOMOing into bitcoin (some of it outright and some of it likely behind the scenes), and so in that sense why pick out some places where bitcoin has not yet gotten and frame those failures to achieve as if they were bitcoin negatives..

Patience young padawan.. we are going to get there (at least it seems quite likely).

Patience.. it could take 50 years or more to get there, and it does not matter if it takes a long time because bitcoin continues to grown on an ongoing basis, in spite of its price volatility and in spite of a potential price crash that could come at any time now or such BTC price crash might wait until BTC price peaks in this cycle anywhere between $100k and $1.5million... and yeah some people are talking about bitcoin going into a supercycle in which its price does not crash blah blah blah, and that just seems like pie in the sky wishful thinking coming from peeps who are blinded by being in the midst of a cycle and witnessing so much ongoing bullish bitcoin news that seems to be disproportionate to bitcoin bullish news of previous cycles -even though theoretically such a thing as going into a supercycle is possible, yet in the end, bitcoin (and markets overall) no does not work like that, and the supercycle bullshit.. just like the immediately moving bitcoin into a world reserve currency status (or having to get to reserve currency status in order to be successful) are pie in the sky assessments that are likely putting way too many requirements on bitcoin in ways that are likely to lead to disappointment by having expectations that are way too high..

Having said all of that, sure some of those outrageous bull scenarios could end up happening way quicker than expected, including kinds of collapses of traditional systems that accelerate way more value to flow into bitcoin .. but I doubt that it is healthy to expect those scenarios as if they are inevitable or to suggest that bitcoin is not successful unless and until such scenarios play out blah blah blah.. when the fact of the matter remains that bitcoin is successful as fuck whether such scenarios play out or not, and bitcoin is even successful if it ends up stagnating between $10k and $100k for the next 10 years, but sure, maybe prepare for such outrageously bullish and bitcoin as global reserve currency scenarios, both psychologically and financially in case they do end up happening could be helpful - even while such scenarios should be appreciated as long-shot scenarios that should not really be included as if they are the most-likely scenarios, or they have to happen, when more likely scenarios (including where we are at currently) are still bullish and positive, in and of themselves.. without having to add additional pie in the sky expectations upon our lil fiend (aka bitcoin).