Topic: Buy the DIP, and HODL! - page 574. (Read 134607 times)

The main part of the formula that you need to accomplish first is to sufficiently and adequately prepare yourself for UP, which means buying BTC somewhat regularly, and if you can figure out dips to some degree then attempt to buy on dips.  If you are having trouble figuring out dips, then just buy regularly and do not preoccupy yourself very much with whether there is enough dip or not.

A great deal of the punchline themes of this thread is to help folks to figure out long term strategies to accumulate BTC and to attempt to tolerate some of the inevitable volatility by reserving some fiat to buy on dips...

Surely each of us do not necessarily agree regarding how to balance the matter of sufficiently and adequately buying enough BTC on a fairly regular basis to sufficiently and adequately prepare yourself for up.. and in that regard, you have to measure each of your variables and to figure out what is going to be the better of balances for you.

Individual considerations include but are not limited to cashflow, how much bitcoin we have already accumulated, our other investments, our view of bitcoin as compared with other investments, timeline, risk tolerance, and 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.  It is best to attempt to take care of the more basic aspects of these considerations before getting into more complicated considerations, and of course, it is up to you regarding how complicated you want to make your own strategy and whether you might consider yourself to be ready to go beyond the basics and your assessment regarding whether you believe you have sufficiently and adequately considered the basics from your perspective.

I really don't want to say it but I need the answer, you simply say Buy the Dip and sell High, to be honest, as far as I know, people who say that, they really don't know exactly and clearly the bottom price when bearish and the high price in ATH formation new. On average, those who do technical analysis and others don't know exactly where the DIP and HIGH are in a trend and only make approximations of speculation without giving a definite answer. If you have a way, please help me, maybe I will throw my old way of buying Bitcoins.

You are correct Ani1985 that in 2021 the BTC price went up to mid-to-upper $60ks on two occasions and several times when the BTC price dipped, there were recommendations to buy the dip, and even $50k was considered to be a decent-sized dip worthy of buying.

There were also some peeps, who shall remain unnamed, who strenuously proclaimed that "the BTC price will never go below $50k again"... hahahahaha  Can you imagine that?


I am not going to assert that I am exempt from accusations to proclaim that I bought too much BTC at too high of prices and that several times, I had to reallocate my budget in order to continue to have money to buy on the dip... so any of us can create what we believe to be a pretty decently solid plan to buy on the dip and to even attempt to structure such plan in order that we believe that we are preserving enough funds to be able to continue to buy BTC all the way down as the BTC prices are going down - yet when we really consider the matter, if we are attempting to prepare our BTC portfolio for both down and up, and if we are somewhat bullish about our belief that BTC prices will be going up in the future, bitcoin's outrageous price performance history shows us that there are going to be a number of times in which the BTC price drops way more than our expectations.. so we have to figure out strategies to attempt to deal with that... including to be both mentally and financially prepared that our BTC holdings might not be in profits for a decently long period of time.

So getting back to your final point.. which is your assertion that it is quite likely that each of us prefers that our BTC holdings are in profits in order that we have more options... so perhaps if we are in profits, we will not feel bad to sell a bit or maybe just to let the profits ride.  The compounding effects of profits can be quite strong if the profits are allowed to ride and to compound upon themselves over and over and over... and of course, at the same time, there is no guarantee that we will either be in profits or that our that we will be able to hold onto our BTC for a long enough period in which we are able to benefit from ongoing compounding effects.

To be able to succeed and get a large profit when we invest Bitcoin is Buy Dip and Sell High, when the price of rising in 2021 many said that the price of $ 50k is DIP because the price will continue to rise, unfortunately I also bought when rising and hold too Long so that it loses the opportunity to sell, now the price is around $ 17k and the time to buy again and forget the high prices ever, focus on the goal of profit.s

Dead? hahaha, I am very amused to hear that, I think the Bitcoin price pattern is just to kill crypto developers who cheat users which will take more victims and remind everyone to be careful of Centralize Exchange developers.

The media are only looking for "clicks" to make profits at certain events, they deliberately use controversial titles so that many people are interested in reading them, and that's how they seek to profit from an event that is sensitive to society.

I think the right time is now, why? because in terms of price $ -20k has become the bottom of the historical decline in bitcoin prices.
If looking for additional work first it will take time and the price of Bitcoin will return and you will definitely be left behind.
Starting from now is a good choice, even if the purchase is not big but at least we have reserved seats on the train that will leave soon.

Onchain data from GlassNode illustrates the truth that 66% of the TOTAL Bitcoins in circulation have stopped moving for the last 12 months. I believe it's the highest in the whole history of Bitcoin's existence?

Bitcoin in exchanges are also going down and DOWN since the crash of FTX.

Less Bitcoin in exchanges = less panic selling.

It's the "bear market", they FUD and have us the plebs sell our coins in panic, while they the whales want to front run everyone before the next bull cycle.

But I believe it's not working anymore. The plebs are smarter, the plebs are accumulating, the whole-coiner-pleb-count is rising/increasing. Buy the DIP, and HODL.

It's not only every bear cycle, but truly declaring "Bitcoin/Crypto is Dead" from mainstream media appears near bottom, or the very bottom of the bear cycle. Everyone should start paying attention, plebs like me can't be wrong all of the time. Hahaha.

If there's a "good season" for DCA, I believe it's the present. Start saving if you don't have the capital to deploy. Find a second job if you have the extra time.

one of the things that woke me up was the news about "Bitcoin is Dead", yes we all know that news like this has appeared every bearish season,
and indeed if we compare the current bearish season and the last bearish season it was more dire due to FTX, TerraLuna and several big companies like Alameda have also gone bankrupt,
of course this is not a small thing because they have a big influence on crypto, but CZ has also said that we are going to a better crypto world and of course there will be victims first to achieve this that.
Hopefully this time the news about dead bitcoin can be the bottom of the bitcoin price itself like in previous years.

News, memes, and actual data that might be giving plebs like us some indication that's IT'S THE BOTTOM, but continued to be ignored.

1. The same narrative during 2018 and 2019 again that, "Bitcoin/Crypto is dead".



2. Elon Musk starting to post memes about Bitcoin again. Is he buying?



3. Actual data that shows that 120,000 Bitcoin and 1,400,000 Ethereum were withdrawn from exchanges last week and in the custody of their actual owners.

Simplify, just use U.S. Dollars, Euros, Yen, Swiss Francs, . It doesn't change the fact that Bitcoin has already won the war in what is truly the Store of Value of all cryptocurrencies. Ethereum? Dogecoin? Other shitcoins? No, they have lost the war.

Plus it's time to pay attention. Be ready to deploy our "soldiers", savings, for the next "war", next bull market. Don't wait for the whales to front-run you. YOU front-run the whales!

The thing that is still difficult to get rid of at this point is to remove to value every good and service in dollars. Because that is still very much done by everyone in this world (including those who are not familiar with Bitcoin), and I personally also often value things in dollars so that the people I talk to can understand it more easily.

Even though everyone can value something with other currencies that they are familiar with and have also used in life, but it is always rare so that the valuation of goods through the dollar currency always occurs more dominantly in life. And for the parable of 1BTC = 1BTC I think it is better to replace it with 1BTC = ... (its own value) with a clearer understanding and easier for everyone to understand.

I don't have any problems with ideas regarding attempting to evaluate and valuate bitcoin in terms of dollars, whether we are talking about current value or future value - because largely I have difficulties understanding what is the meaning of 1 BTC = 1 BTC, even though a lot of smart people talk like that... but such a statement about 1 BTC being equal to 1 BTC  still does not mean much of anything to me.. except for removing us into abstraction, fantasy and detachment from the real world.

It seems to me that we do not necessarily need to devolve into such meaningless (and vacuous) statements such as 1 BTC = 1 BTC in order to attempt to figure out that BTC is the soundest of money that we should be attempting to accumulate.. and at the same time, the dollar is likely to remain quite dominant as a very widely liquid currency for many years to come - but still even having a parallel dollar system and a bitcoin system, hardly seems to justify that any of us should feel that we need to completely remove ourselves from the dollar system, because a lot of goods and services continue to be priced in dollars and will likely continue to be priced in dollars for many years to come - even though BTC is also likely to continue to gain a lot of value relative to the dollar as it already has historically - even though in shorter-term periods, BTC is almost certain to be inevitably volatile against the dollar... though with ongoing longer term likelihoods that the volatility will be towards the upside for bitcoin.

So in that regard, it seems blind and fantasy to fail/refuse to attempt to consider both the value of the dollar and the value of bitcoin and attempt to adequately and sufficiently allocate to be able to have both.. have enough dollars to cover short term expenses, and attempt to continue to accumulate BTC or at least to account for NOT selling too many of them too soon as it is likely good to continue to accumulate them.. but each of us also has to be careful NOT to overdo it.. and/or to over invest in bitcoin in such a way that we are forced to sell more bitcoin than we would like to sell at a time that is NOT of our own complete and voluntary choosing.

What we invest means that we have to understand, don't just look at the trending session, so I think it's wrong that someone invests in bitcoin, for example, but he doesn't understand what bitcoin is, so it's better not to invest, of course it will be risky.
Look at BTC = BTC, don't look at BTC = Dollar if you look at it like that then we will think it's a loss to see the state of BTC that is falling, especially for those who are not strong enough to see the current situation they must have panicked over the events in that 1 night, for me it's relaxing can even buy more DIP.

True, investors do that for long-term investment even DCA and HODL strategies are common in their investments but can maintain for a long time.
Well at least with us continuing to invest all the time we have the opportunity for bigger bitcoins depending on how many years we run it, indeed in bitcoin there is no guarantee in the future how big the bitcoin price will be but we have confidence in bitcoin which will be more big, we have a big community all over the world bitcoin is not controlled by anyone but with this we are optimistic because we have learned about bitcoin in the future.

I will agree with you that it is difficult to figure out where the bottom is when the BTC price is falling so rapidly, but that does not mean that it is "risky to buy the dip" and/or to "HODL" as you are proclaiming.

If you have little to no clue regarding what you are investing into, and you view assets merely in regards to their current (short term) dollar price, then maybe in those kinds of circumstances it may well be "risky" to buy BTC dips and/or HODL BTC.

Long term investors in bitcoin have done quite well with DCA, buy the dip and HODL strategies as their primary strategies, especially the longer that they have been in bitcoin, and there does not really seem to be any evidence that bitcoin is worse of a "long term" investment now as it had been historically, even though for sure there are some short-to-medium term set back in terms of the BTC price - which may well end up being opportunities, and of course, we might not really know until some time down the road regarding how BIG of an opportunity we have in front of us (to buy bitcoin) now.. since for sure there are no guarantees in bitcoin as an investment.. even though there are several of us who likely consider bitcoin's investment thesis to be way stronger now as compared to when it was priced way lower than it currently is priced.

So do your own research and figure out your own particulars in order to figure out how you are going to strategize and/or employ any of your bitcoin investment plans and/or if you believe that bitcoin should be part of your investment portfolio (and if so, how much and how should you go about accumulating it, if you believe that bitcoin should be part of your investment portfolio).

What are you doing right now, Uzairjutt275?  Do you have any bitcoin?  Did you sell recently?  If so, do you have a plan to buy back at some point?  If you do not have any bitcoin, do you have any plan to get any? and if so what would be the circumstances in which you plan to buy, and how?  Would you DCA? Buy on dips? Lump sum invest?  or you have some other lame-ass trading strategy in which you believe that you can figure out the BTC price in advance of it happening?

It is too risky to buy dip and HODL the cryptocurrency now a days because its price will be increase and decrease very hardly. Many investors get from profit but on another hand many investors loss their money at this marketing condition.

when the price went down a lot and they waited for it to go down more and when it started going up again they waited for it to go down again but the price just kept going up and never saw those numbers again.

There are times when a downturn takes a long time to recover, and I don't think it's a smart move to put your funds into highly speculative assets if you're short on cash and you can't take the risk. But in the case of bitcoin, buying a dip is, most of the time, a smart move given bitcoin's ability to bounce back no matter how steep the drop.

But again, one must still properly allocate funds for investments and other personal matters so as not to get caught in a difficult situation if the downturn continues and falls further.

In order to make a good profit from bitcoin, it is a must to move with the market rather than just focus on targeted growth.

Did anyone Buy the DIP, and HODL?

 

I'm probably biased, but I truly believe that Bitcoin has, won the war, and has become the only true Store of Value in the world of cryptocurrencies. It's also probably why I'm more understanding, and less condemning towards altcoin holders/traders. They may outperform Bitcoin in some parts of the bull cycle, but when the surge is over, they come back to the most secure/safest cryptocurrency to HODL.

If you refer to all the conversational posts in this thread of course the dominant answer is buy and hold. they don't care about the benefits but hold on while you're still alive. I feel pessimistic about this meaning. Some big investments do take time and have risks / benefits that are obtained in the period of investment made. the rest of the meaning of hold is when a loss comes then hold is an option and if a profit comes then a big opportunity is to sell and buy again.

I don't ignore any member, even though sometimes it might become tempting to do so in regards to a few members, yet for the most part, it takes very little time to scroll through any particular post.. and I tend to believe that even the most challenging of members to read, every once in a while even those members will post some information that is worthy of consideration.. and it does not take me much more than a fraction of a second or a few seconds at most to determine if I would like to spend any time considering their ideas (to the extent any ideas seem to exist).  So maybe we have similar perspectives regarding Franky1.. he can go from one extreme to another.. make some decent points, and then "horey sheit" how could anyone actually think that way?  hahahaha.. I hate to make any mental diagnosis regarding any particular forum member, but you are correct that sometimes the mental state will show through the writings... and sometimes it might not be a good idea to comment on such mental status... .. but hey we cannot necessarily be psychological experts, either, so sometimes I have been lectured for being too much of a meanie.. and sure, I understand that sometimes any of us might write "mean" posts without necessarily realizing the level of cruelty that might be perceived in our own writings, even if we are believing that we did not intend our writing to be particularly cruel.


I have found that some "lame" posters will sometimes get better with practice, and sure of course, there are some "lame" posters who seem to never really get better, and accordingly, they will post some basic (generalized) ideas or not even any ideas from themselves, over and over and over, and in that regard, we sometimes would end up concluding that these guys do not have any abilities to actually think for themselves.


It does seem that some members are either unable to back up what they are saying, or they just post vague generalizations that have little to no meaning, and there are a lot of threads that have that kind of vague and meaningless content, unless a more senior member comes into the thread to actually make some meaningful points on whatever vague-ass topic was being discussed.  

Part of the reason that I have such a passion to attack members who use the term "crypto" without context does not really have so much to my happening to be against "crypto" or against shitcoins, but I sometimes get overly annoyed with the use of that vague term, and sometimes such vague references (especially regarding that stupid-ass term, "crypto") will come from otherwise very smart people, and sometimes they will try to defend their use of the term by saying "everyone else uses it."  hahahahahaha  It becomes an easy way to identify that an otherwise seemingly smart person does not seem to know what the fuck they are talking about when they throw out such a term... .. and it's my belief that if such otherwise seemingly smart people are called out on their use of such term, the genuine ones will actually attempt to communicate more clearly rather than continuing to insist on using such term in a vague and/or meaningless way..  Many of us have even spotted billionaires and even supposed financial experts throwing around such vague term, which surely should raise some red flags, if we are trying to actually engage in critical thinking rather than just accepting vague-ass representations from otherwise seeming subject-matter "authorities."