Topic: Buy the DIP, and HODL! - page 579. (Read 134203 times)

I understand the concern you feel about how to hesitate to place a buy or sell order. That's why I have a simple suggestion, one of which is to follow JayJuanGee post and try to see what he counts on the Bitcoin market especially. Because I'm pretty sure at a glance you can dispel a little doubt about buying or not. But keep in mind, if it's a reference, try to be wise in making decisions.

For example https://bitcointalksearch.org/topic/m.60772527

If you are really interested in buying cryptocurrency then you need to make a quick move from observing one or two dip. The current market is relatively dip. Although some are discussing further dips, if the market turns bullish from here it will be difficult to reach your target.

Of course everyone hopes to buy dip and sell when rising, many say that the current price is bottom, sometimes I hesitate to buy because the market is difficult to guess, we think the current price is Dip but it turns out that correction continues to occur.

For sure there are problems when employing various levels of gambling and the more leverage you add, the more risky it is.

One thing that recked a whole fuckload of people in this last dump had to do with their using services to try to get "yield" on their bitcoin, so when you try to be greedy with something like bitcoin, you can really end up getting bit badly, and since bitcoin is already designed to pump forever, and bitcoin is one of the greatest asymmetric best that has been available to a wide number of normies, then why mess up a good thing by being greedy... when just plain vanilla bitcoin is already such a great bet in and of itself.

I understand that part of the point that you are making, Wind_FURY has to do with newbies starting out with so little capital that they almost would be justified in employing gambling techniques in order at least get up to a larger sized built up portfolio, and I just consider that your odds of getting to a larger sized portfolio are better built with strong principles from the start rather than employing gambling techniques in the start, and in that regard, it is my viewpoint that you are in a much better position to gamble some of you investment portfolio (perhaps no more than 10%), as long as you have already built it up with reasonable and prudent practices, rather than fucking around with gambling with it.. and I just know so many folks with gambling mindsets and they can never get out of their gambling mindset, and for that reason, I still think that it is better to attempt more sound strategies and then later maybe gamble a bit with some of the holdings, but one thing that happens when guys build their portfolio based on prudence, they have decently good chances to not even want to be screwing around very much with gambling techniques.

I have always discouraged plebs like me from using leverage, but for people with some skill and the right temperament, leverage might be the right path to start especially if the market's lowest DIP has already been reached. If you have an extra $1,000 of savings you can take the risk and trade it on less than 5x of leverage. This is not financial advice, it's risky gambling advice.

Your dip going to be different o my dip so do with everyone else.

At least that whaat you can do to get the dip , not the standard dip that if you look at the chart it was the lowest price you could get during the bear season.
Hard indeed really hard to get that standard dip , bag as much as possible and consider it as the dip and moving on ... that's the best move you could do , otherwise it's gonna be an endless debate

Don't get me wrong.. I am a BIG advocate for DCA especially for anyone in their earlier stages of BTC accumulation, but I am even a BIGGER advocate for attempting to accustom your approach to your own particular personal circumstances, and surely anyone who figures out what are their BTC accumulation targets, then they become way more empowered to be flexible in their approach with their getting closer towards reaching their targets or even being on time (or ahead of schedule) in terms of their timeline to reach their BTC accumulation targets.

Therefore, even though I consider DCA to be the best "getting started" BTC accumulation strategy, buying on dips, lump sum buying and even HODL can end up supplementing such DCA strategies.

I also personally believe that if your budget is not very high, and therefore your extra amount of cashflow that you can invest into bitcoin is also not very high, it could take you 5-10 years before you are even able to move off of a strict BTC accumulation strategy, and at the same time if someone is somewhat trying to study their finances, they might surely feel that they are becoming much more empowered by employing DCA on a regular basis and even strategically tweaking within their DCA approach.. and such feelings of empowerment would thereby grow with the passage of time.. and maybe even if the amounts of dollars that were used to invest into BTC had not felt like very much after a certain amount of time, there may well be needs to study how to improve security and to get those accumulated coins into a kind of cold storage because no one should want to have their coins in any kind of vulnerable place such as on an exchange or somewhere in which security could be compromised or other kinds of ways that you could end up getting parted with the coins that you may well have spent so many years building up.

Never think that the price will go down or up but the word "buying DIP" is just an illusion that you don't know how low the DIP is, but if we have a future for bitcoin, make a purchase in any way, don't think about the lowest possible price, which is important in the market situation bear we can buy it.

Actually there is nothing different, we keep buying bitcoin but it's just that for now it's more below $25k, maybe other people take different actions like this but with what I said before DCA is the best strategy in my opinion under any circumstances because we have a plan and will not disturb our finances excessively so when the price continues to fall but we have set it every week and will not be greedy even though the price goes down because I already have a benchmark every week to be allocated in DCA.

But it would not be wrong to try your best and buy the DIPs during the bear cycle, because buying DIPs lowers your average price of your total Bitcoins purchased, and if your average price is low, the larger your profit during the bull cycle. Plus a lower average price is better for your sanity.


Many people say many things, but I believe in price history. Bitcoin has never stayed below its 200-week SMA for long, and the Pi Cycle Bottom has never been wrong before.

Yes, the BTC price might dip, or it might not dip, so what is your plan in order to deal with the situation?

The same was true last November, December and January when the BTC price dipped down to the lower $50ks and then dipped even below $50k.  

So people bought on the dip, but the price kept dipping, and are you saying that we are supposed to do anything different now as compared with what we had done back then?  

What if we run out of money?  or what if we hang onto money "just in case"?  How are we going to know?  Presumably if there is a cashflow that has been coming in since January of this year, then if we did not buy bitcoin, then the cash amount in reserves would have been continuing to build during that time.  Are you suggesting any method to figure out when to buy and how much of the fiat to use for such BTC purchase(s)?

DIP will be difficult to predict, especially in a bear market like now, many say $15k, some say $17k and some even say Bitcoin will dump to $10k,
to be honest I really don't believe it. I just believe Bitcoin is the future, and this bear market Bitcoin can indeed dump and pump again,
so make sure we have a good strategy to deal with situations like this.

We are not talking about selling in this thread.

Furthermore if you are in BTC accumulating mode, then selling is not a good tactic for BTC accumulation - even though there can be ways to employ selling for various risk management purposes.. but still that is also not the topic if this thread.

ATH last year was over 60k so 50k must not be considered as a dip but it can still be normal decline in the price or can also be a correction but when you say dip, it should mean a severe decline in the price but anyways, any decline (small or big) is still a buying opportunity that shouldn't be missed because we never know what if the decline won't continue and there will be an instant recovery or another ath/bull run?

Everything that is too much is bad and that is why you fail right there but that should serve as a lesson to you that next time you might need to sell once the value cross on your buying price. Sometimes it's better to earn small than not earning anything at all.

Just keep buying.. and if you are scared, then buy $10 per month rather than $1000 per week... We are talking about a matter that involves deciding how much to buy (in the even that you are scared) rather than whether to buy.

That is especially true if you bought at $50k, then you should be excited as fuck to buy at $23k or $24k if you had already been buying at $50k .. just figure out the proportions that make you comfortable rather than getting scared into inaction.


I don't know how many times it is needed to be repeated that we are not talking about shitcoins here.  The same principles of buying the dip does not necessarily apply to any of the shitcoins.. .. that's a separate analysis and none of us should be assuming that it is good to buy any shitcoin.. just because we are talking about the ideas of buying bitcoin on either the dips and/or on regular basis during these kinds of uncertain BTC price times..

right now it is very suitable to buy and invest long-term, but what if you have bought at a high price when the Bitcoin price is still at $50k?,
I hope that for all it is better to avoid long-term holding, because cryptocurrencies are very risky.

We truly are different. Bitcoin can be both Store of Value, and Medium of Exchange. OR it can be much more than we believe it is. It can be something that can weaken political strongholds. That's more than a form of Store of Value, or Medium of Exchange. Bitcoin could be no mere currency.

I'm talking about the actual Bitcoin, OK? BTC, not the forked shitcoin of a forked shitcoin called BSV.

I am also the one who bought some coins including bitcoin, and after buying it forget it. We'll wait when it goes up again, I believe in this way we will be able to get big profits because the price of the coin is now down or low, very suitable for long-term investments.

I also thought it was a really good idea, so I still make some purchases on coins that I like including buying Bitcoins. but some people are still afraid to buy and hold the coins they like and also don't want to be patient waiting for the next bullish season to come Because I personally am still very sure that the next bullish season will definitely come again although it is impossible to predict when that time will come.

What are you going to do then?  merely whine about the BTC price being lower than it used to be?

Do you believe that there could be some value in either DCA'ing, buying on the dip or some other variations of such actions at this point?

I do understand the idea of running out of money as the BTC price had been dipping, so if you bought on the dip down to $50k, then you might have run out of money, but that dip down to $50k was quite a few months ago.  Do you have any cashflow coming in?

Ultimately it is your choice about how much you want to invest into bitcoin and how to treat the BTC price actions, and part of the ideas that are being discussed in this thread do have to do with ongoingly accumulating bitcoin and what kinds of strategies that you might consider along the way.

Your forum registration date is April 2017, so surely you have had more than 5 years to employ a variety of strategies to accumulate BTC, and I would think that there have been decent chances for you to have a decent BTC position, merely with some kind of a DCA strategy.. so for example, if you had been DCA buying about $100 BTC per week for the past 5-ish years (since your forum registration date), then you would have spent around $27.8k but you would have about 3.5 BTC, so you would be decently in profits right now.  Of course, people make mistakes along the way, but 5 years investing in bitcoin, even using pretty conservative numbers, would likely put you in a decently good place.

There is no reason to believe that continuing with a DCA strategy and/or supplementing such strategy with buying on dips will not continue to serve as a decent strategy into the future, especially if you have a timeline of 5 years or longer from now.. but of course, if your timeline is shorter then it might be a bit more ambiguous regarding what are the likelihood of achieving decently good results from such investment plan.. and surely there are no guarantees either, even if shorter time horizons do seem to provide more ambiguity regarding what your past performance might have been between some time period in the past and today.. but going by your forum registration date, it seems that you have had pretty decent chances to have had performed fairly well if you had taken a prudent and reasonable BTC accumulation strategy that would have involved consistently investing into BTC.


This thread is not about cashing out or valuing your wealth in dollars.. .. so fuck off with that nonsense..

We are talking about long term accumulating BTC.. so hopefully you are able to figure out ways to accumulate BTC with a 4-10 year or even a longer time horizon involved rather than thinking about short-term nonsense involving getting in and out of BTC which surely seems to be a worse strategy than merely ongoingly accumulating BTC... until you reach a decent quantity of BTC rather that holding dollars or some other asset or currency that is likely even less valuable (over the long term) than something like BTC..


Even if you might have been joking (or sarcastic?).. it is not easy to treat you seriously, Zanab247 when you are coming out with nonsense like that.. $70k by the end of the month? or even by the end of next month?  you seem to be in fantasy landia.


You think that you know what the fuck you are talking about? 

I know that you are a smart guy, but Jeez... gotta wonder why you are spouting out dumb big blocker (BSV) talking points, and hopefully you are not so brainwashed to be investing in that crap, as compared with actual bitcoin (BTC.. have you heard of it?)  Have you heard about bitcoin's various value propositions that are not merely contained in some dumb and largely untrue slogan like the one you spouted out above.

By the way, bitcoin is currently quite capable of serving as peer to peer cash.. have you tried it, recently?


Well, your discussion of bitcoin as comparable to gold, and likely responding to sgbett's post, seems to highlight the point that bitcoin is likely around 1,000x better than gold in a variety of ways, even though BTC's price (reflected in market cap) is about 1/20th of the size of gold's market cap.   

Surely, relative to gold, overall bitcoin is going to quite easily match gold's market cap in the coming 4-10 years (and likely exceed it too), but it could take 100-200 or even more years for BTC to reach around 1,000x the market cap of gold.... quite likely a lot of battles and also some facts that we still do not really know.. and even developments that we don't really know because one thing about the future, is that it is not really known in advance, so we can merely attempt to make our best approximations about how to attempt to prepare for it based on information that we have now, and maybe even maintain enough flexibilities in our own finances and psychology in order to tweak and/or adapt our strategies based on new information that comes about..


This thread is not about altcoins.. fuck altcoins.. they are also known as shitcoins, if you had not heard that term previously.  #justsaying.. you will thank me later (perhaps?, if your ego does not get in the way      ).. 

buy the dip and hold is perfect at times like this, the price of Bitcoin is down -60% from ATH,
and altcoins have fallen more than -85% from ATH, of course this is a good opportunity for long-term hold,
because when the bullish season has started, then the profit you have will be very large, so just hold the altcoin you like