Topic: Buy the DIP, and HODL! - page 580. (Read 134196 times)

Thats slang really because very few people ever use gold as currency or asset.     Thats a point in its favor I guess that  its not overly popular, over played like the enforced FIAT standards have surely worn thin.

I've traded and held literal digital gold.  It was done centrally by a vault operator and sold online in very small amounts which appeals to the common pauper folk.   Micro gold isnt cheap but this was purely the market price split precisely quite nice I thought.  In the end it was a big problem because they didnt like I held too much, obviously I was thinking price would rise I had not sold much and that rise did occur after years.
  Its the usual never ending red tape nonsense and obviously they already had everything same as any bank account.  It is tax free in alot of places so I guess more closely watched.
   Took half a year I could do nothing and eventually they allow me own then sell my actual holdings, if I'd needed the cash to pay a medical bill or whatever meantime it'd have been useless but too bad tough luck thats how it works unfortunately.


It hasnt started is probably more accurate still.   I wont believe its at an end till the whole process of continual debt recycling and deficit spending as modern magic is shown as a trick not anything that works to the benefit of society or economies which have suffered its existence for so long.

Disingenuous would be saying that Bitcoin is 'digital gold', when it is obviously supposed to be a peer to peer electronic cash system.

I guess we are just built different.

Yes, because everyone want to be happy when the price increase higher in the market. Now that the price of Bitcoin is still low in the market, it will be favourable for anyone that wish to buy and hold for the price to increase higher, because the price is changing gradually in the market that is making people happy that the price will reach $100k before the end of this year 2022. No matter what you lost in the past, I believe you will definitely recover them when the price move to $70k before the  end of this month.

Definitely not over yet. CPI at 8.5% is a good number for the short term but for the long term, there are still many risks in play. China's covid lockdown is very unpredictable. I think if you got any of the cryptos for cheap from the crash, cashing out a part of it if it was green seems like a sensible choice.

Of course everyone hopes to buy when Dip and Hold then sells when it is a big profit, when the price of $ 50k in 2021 I think it is the price of Dip so many buy, have the opportunity to sell when the price is more than $ 65k but I'm too optimistic so that it continues Hold and the result is that I lost more than 50% my money.

CPI printed 8.5%, less than what economists, investors, and traders expected. BUT I believe it's not yet over. Food and Energy prices may have fallen, but Rent inflation is still high. September's CPI print will be revealing if inflation is truly subsiding. Wait for September's rent inflation.

Plus watch the Reverse Repo Facility, https://fred.stlouisfed.org/series/RRPONTSYD

If the money in there starts decreasing, that's more liquidity for the markets, and possibly Bitcoin.

this is a bullish sign for the short term, the CPI drops to 8.7% and that is good news,
it is clear that the stock and crypto market reactions are moving up, of course the correlation is SPX,
SPX goes up then Bitcoin will also go up, and remember, don't FOMO , Bitcoin target is at $30k.

The CPI is only a few hours away, and many expect 8.7% this time, lower than last month. In theory, if the CPI falls as expected, everything should turn out fine. Every stock market, and cryptocurrencies are standing still waiting for CPI to be announced, I hope there will be no surprises. CPI falls but the market won't rise, anything can happen. The market is unpredictable, let's wait and see the results.

And it's really taking some steam out of our current increased, as it went to $22k below, although it's fighting $23k as of the moment. Well I guess if these fudsters will be effective, then we might as well ride with then, hope that the price will go down below $20k so that we can buy in this dip.

So we will see how it will goes, if the Consumer Price Index announcement will have a massive effect on the price or will crypto market will just slept on it.

CPI print, or Consumer Price Index, will be announced later! If it shows that inflation has finally peaked and has started to decrease/slow down, then I believe it's probably YOUR opportunity to buy EVERY DIP, and HODL. There might be actual fudsters in the forum who truly want that Bitcoin will crash more below $20,000 again, but perhaps they just missed their golden opportunity. There might be some DIPs to $21,000 though.

Everyone is starting their topics, either asking or TELLING, that the "bottom is in", but is it truly in? Should I also change the title of the topic to "Buy EVERY DIP, and HODL"? I was confident that after the FOMC's announcement, the answer would be "YES". These are good DIPs to buy, and buy we should, but wait for the next CPI print if you want another confirmation. If inflation is slowing down, BUY EVERY DIP, or simply, BUY.

Obviously I will try my best without interfering with many other basic needs in my daily life. Investment will also be of no use if we do not care about a healthy quality of life even though in reality the property is a usufructuary right for the owner as long as he lives and after that it belongs to the heirs (children, wife, or anyone who has the right).

Emergency funds are of course my priority apart from having to meet my living needs and investments. I may have to use an emergency fund whenever I need it and as much as possible I avoid selling investment assets. I think I can manage that cash flow well so far because my monthly expenses are not that big even though the current inflation is really bad.

It's not too bad to think about how I should manage the cash inflows and outflows each month since I currently have a steady income in RL. Honestly it will be a little easier now than in the past because so far my investment is still untouched.


I'm not used to doing entries every week, but every 2 times a month more probably or every time I receive my monthly salary. So far I don't complain about why and why I have to change the lump sum or dip investment pattern, as long as I believe in buying it, I feel it is safe to buy it. DCA is definitely good, but I combinn it with lump sum too.

Yes, you are probably right and I totally understand what you are describing. Greed should be avoided even though we know bitcoin in the long run is the best. Our investment in bitcoin will not be 0 if it is a long term investment (unless we make a fatal mistake) and that is why bitcoin has become a safe investment asset even for beginners.

By the way, I had to cut a few paragraphs from your post because I can't respond to all of them. But it's good to get more knowledge in investment strategy implementation.

Yep.. managing cashflow including possibly increasing it and reducing expenses are both reasonable ways to be able to feel comfortable that whatever money is being injected into bitcoin investments is not going to be needed for living expenses, including maintaining some kind of an emergency reserve amount.

I am not opposed to the idea of loans when there is a determination to front load an additional investment into BTC, but at the same time, there is a need to be able to understand how much the loan costs and to be able to service that loan from proceeds outside of the investment into BTC, so whether the BTC price goes up or it goes down, there needs to be abilities to service the loan completely and to be able to completely pay off such loan by the time the end of the term comes.

Not everyone is going to make the same conclusion about whether a loan might be justifiable in terms of being able to possibly front load an investment such as BTC, so there is a bit of a gambling going on when using loan proceeds in that kind of a way.  One of the great things about bitcoin is that historically it has been such an asymmetric bet to the upside, which largely means that there is not a need to employ a lot of capital in order to have the potential to be able to profit stupendously. 

The evidence seems to support that it is quite likely that bitcoin is going to continue to be an ongoing great bet to the upside.  Accordingly loans and/or leverage are not necessarily needed in order to have potential to profit in decently good ways, and sometimes the use of loans and/or leverage can cause profitable situation to become less profitable or even to end up losing money on an otherwise profitable investment.

What makes many people reluctant in doing these is because of their economy and financial circumstances, the income coming in will not be enough in paying all bills needed to settle, needs arises before supplication and there is no room createe to settle all other budgets as planned, how could one bebabke to save up for an investment when the income is not good enough in meeting up all need and taking a loan for an investment wouldn't be advisible to take, in this circumstances, all that is needed is to double source of income and cut down cost and expenses so as to save up, nothing good comes easy.


Good advice to tryout, if something really work out for others then one can try same as well with the principles used as well as the approach, i know as well that going on a long time investment of 2 to 5 years will create a better tendencies to realising something tangible out of it all, the time and endurance works a long way in securing the asset's profitability with an investment on bitcoin provided that all things being equal and principles accurately adhered to.

Living within your means is a good kind of practice, and it may well allow you to live better at a later date, so long as you don't necessarily forget about quality of ingredients, too..   Frequently there can be ways to cut without necessarily choosing bad quality foods.. and of course, you will know better regarding what you consider to be feasible areas to cut and the areas that you spend your money.


For sure, I understand the variance, and frequently you can project ahead your anticipated cashflows and your expenses.. When I first left high school I projected ahead 6 months, but my cashflow and expenses got more complicated at various points in time, so in that regard, if you project ahead you will likely be able to better see some areas in which you might have tighter cashflow versus expenses and areas where you have greater surplus..

so then maintaining a cushion in your cashflow can also allow you to be able to better see that if one or more of your cashflow sources increased or if you incurred greater expenses, then how (and how long) would you still be able to continue to sustain yourself without having to draw from emergency funds and which emergency funds would you draw from first, and maybe even in those kinds of emergency periods (if they were to come) you would lessen or discontinue contributing towards your bitcoin investment and hopefully be able to resolve your matters prior to having to draw from your bitcoin investment, except at a time that is completely of your own choosing (and maybe even your own preplanning in terms of setting withdrawal parameters - and if we are in BTC accumulation phases it should be less likely that withdrawal parameters regarding your BTC would be triggered)..



You may have seen me elaborate the three categories of DCA, buying on dip and lump sum investing.. and they can somewhat overlap, but if you were to have a system already set up in which you have $120 every month in which you can dedicate to buying BTC (so $30 per week); however, you want to save for the possibility of the dip, then you could dedicate half for DCA and the other half for buying on dip ($15 per week for each). 

Accordingly you may well want to force yourself to buy every week with the $15 DCA portion no matter what, and maybe you just try to time your buy price within the week for the $15 DCA half.  And then the other half of $15 for buying on dips, you may set your dip parameters (like you mentioned), so if your dip parameters are not met, then your buying on dip reserves continue to build and build and build.. until either your dip parameters are met or you change your dip parameter... but yeah, if you set your dip parameters in terms of percentages they should fill sooner or later.. . .and you can even structure your dips too so that you just have money prepared for dips at various levels.. but part of the problem could be that they might not get filled..


Of course, there are different sizes of whales and also different sizes of fish too.., and there would not necessarily be any need to be a whale merely based on how a person entered into BTC.  So, if a persons starts investing and the first investment is bitcoin, then it may well take a while to establish a decently-sized investment portfolio.. little by little and building over the years... so yeah, I had spent right around 25 years investing prior to getting into bitcoin, but still does not mean that I had built my investment portfolio to a size that was without errors along the way.. so sometimes, the investment portfolio still might not be very large, even if I spent 25 years building it (with ups and downs along the way). 

So let's say, for example, I had built an investment portfolio of $10k, and if I choose to start to invest into bitcoin, then I might decided to dedicate 10% of that into bitcoin, and I might decide to reach that 10% over the next year... Those are decisions within my parameters, and I would be considering what to do based on an already existing investment portfolio.  Size of the investment portfolio might not matter too much; however, I have found it quite impractical to even be considering diversifying a portfolio until it reaches a certain size that causes the dividing it up to still seem meaningful, so thresholds for diversifying is going to vary between people, and in that regard, I see no problem with someone who is new to investing (and new to building their investing portfolio) to focus on bitcoin and cash first, and then once the investment portfolio gets to a certain size that is determined by you to be of a sufficient size to start diversifying, then at that point, the diversification might start.. one asset at a time. 


We should attempt to NOT be pressured by  the circumstances of others in terms of figuring out how much we want to invest, how we we want to invest - including how aggressive we might want to be in our bitcoin investment approach...

You are correct that time in the market could put similarly situated persons far apart based on when they got into bitcoin, but also so many mistakes can be made and even lack of aggressiveness can cause more aggressive (and better planning people) to accel way beyond their peers and also way beyond persons who may have started in advantageous positions.. so there can be some great equalizing affects through bitcoin.. so long as you do it well and do not over do it.. and end up getting yourself reckt because of greed or impatience.

yes I totally agree with you. Globally, the economy is not very good, many countries are in recession and even some countries have gone bankrupt, examples of Sri Lanka are rare.
With the wars going on in Ukraine and Russia getting hotter, and the issue of world war 3 reoccurring, I think it would be better to save money first, and avoid going into debt.

I think so too, it's a good percentage for me to keep. Either way, investing for me is the best idea to do even if I'm a little hungry for a while.

The percentage range I agree with is between 10%-30% (max) of my monthly income, it depends on how I have needs for the month. For example for this month, about 20% of my monthly income has been put in the basket as an investment, this will come in handy later.


Yes, there are variations in my buying stages and it may depend on how the market is. But for the most part, I prefer to wait a while before buying on a dip. -10% in the last 24 hours is one of the criteria I use the most for entry.

Yes, I realized that. Whether or not someone is proficient in this investment depends on previous investment experience, knowledge and also financial condition. While you are greater than me because of several things that support as I mentioned above. So it comes as no surprise to me that maybe you are actually a whale in bitcoin. Lol

Let me tell you, that $10 is my 10 days allowance in school and 5 days in college. So it must be hard to get me ahead of you. We're talking about two different financial situations here, so you're probably more likely to take advantage of a good opportunity based on your financial ability to invest than I am.

My business plan is still around 6 months away meaning the early 2023 will start I think that's a long time to wait how the worldwide recession has improved or not of course I'm also paying attention to what's happening in the economy right now so I won't rush hurry up.

You have never discouraged me, this is actually a good suggestion so that I can reconsider opening my business, and indeed during the recession success has been low but I hope for the better in the whole economy now and in the future.

It's none of my business, but I believe it would be better for you to postpone your plan in opening a business. The economies around the globe will go through a recession, and make it financially harder for you to maintain having a job and a business.

I'm not trying to discourage you, but opening a business during a recession will give you a lower probability of success. I believe it would be better to save all your capital until a more bullish situation emerges.

My assumption is at least $25 in DCA investment per month for the next 5 years plan and indeed this is not too aggressive because in 5 years only making $1500 is quite a bit but it's true what you said I will determine myself and adjust my finances to feel more stable which means I going to do more than $25 later, maybe $50/$100/$150 I'll put in the planned DCA.

At the moment I only have a fixed salary from my monthly work, while I have a plan in the next 6 months to open a business and of course my income will increase slightly, so I will add the allocation which was originally $25 to be slightly larger because it will adjust My income is from the results of the business that is opened.

I think that 5 years has been a long investment with 5 years of travel I will continue to experience market movements and learn a lot about bitcoin in it, in essence I must be able to manage good money management during this trip before leaving.