Author

Topic: Buy the DIP, and HODL! - page 594. (Read 132352 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
July 27, 2021, 12:38:43 PM
It is not always a good strategy for buying any project token we first Definitely look for roadmap of the project if it CONVENIENT then we definately should buy it buy looking at the RESISTANCE of that token there are many great example from the past like BTC when it is launched people shown the ROADMAP, they believe in the idea and hold the token now we can clearly see the result
If you are looking for all the above step then you can definitely follow the rule for DIP and HODL

There seems to be a bit of gobble-dee-gook in your description regarding how to assess the value of an asset and if it may well have long term prospects.  Let's stick with bitcoin rather than talking about any other asset or token or whatever because this thread is not regarding talking about various shit projects, and likely there is a bit of an assumption here that bitcoin's fundamentals are actually good.  We need not go through that assessment either, but we still might try to consider whether we are in a dip or not or if the price is going to dip more.  Of course, there is a feeling of getting more value if buying on dips, but also if your investment time horizon is long enough, whether you bought on dips or not might not have made as much of a difference as the mere fact of buying and NOT really hesitating to buy on a regular basis until you meet your investment goals - and even your investment goals might be changing if you happen to be a young person and you have a long time horizon to invest before you start to draw upon the investment.

So for example, if you investment timeline is anywhere between 20 and 30 years, you might do some lump sum investments into BTC, just to get started, then you might set up some regular small amount of regular DCA and you might set aside some value as well to prepare to buy on dips.  If the BTC price goes from $38k to $380k in your investment timeline, it might not have mattered very much if you bought some of your early BTC at $38k or $45k.. and furthermore, if you feel like you do not have enough invested, you may well have been buying small amounts of BTC for that whole time and some of your BTC buys might have been as high as $380k...

So in the end, if you end up going from 0 BTC to perhaps having 4 or 5 BTC, you might still feel good about the ongoing persistence that you had over time to just continue to accumulate... or maybe at some point, you reach 10 BTC, and you feel that you really ONLY need to accumulate 4-5BTC to feel comfortable, so you feel like you have twice as many BTC as you need, so at some point you might either stop accumulating or start to sell some of the excessively accumulated BTC.

Will that be the last time we witness Bitcoin crash below $30,000 in our life-time? YES, OUR LIFE-TIME, specifically if you’re 20 to 30 years old. I truly believe that we haven’t seen anything really phenomenal in terms of Bitcoin’s market performance as an asset.
the price of bitcoin has been able to reach its highest price a few months ago and in my opinion it really becomes a phenomenon, how not? At that time, many predicted that the price of bitcoin would not be able to reach the price of $50K, but when many institutional investors began to switch to bitcoin and made the price of bitcoin able to reach $64K which is the highest price so far, and even if now the price of bitcoin is back down to $30K of course it's not a surprise to us because something similar happened in 2018 and I'm sure if the cycle repeats itself and the possibility of bitcoin price breaking a new record is certainly still very possible at any time.

I doubt that we are in a 2018-like situation right now (remember that 2018 was a down year.. the whole year)..

Seems to me that it is more likely that we are still in the middle of a 2017-like situation.. (perhaps a 2013-like situation) which signifies that the top (so far $64,895) has not yet been reached for this particular cycle.. but where the top would be might be another question.  

Will the top be just a small portion higher, and unable to get above $100k or might we have a top that goes above $100k and so high as $200k to $300k, and sure there are possibilities of going higher too in this particular cycle.

Of course, there are no guarantees regarding where we are at exactly, which implies that we cannot be sure either regarding the direction that we might be going from here, and so people are going to come to varying conclusions regarding what they should do regarding their own strategies based on their assessment of where they believe we might be at.
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
July 27, 2021, 11:02:18 AM
Will that be the last time we witness Bitcoin crash below $30,000 in our life-time? YES, OUR LIFE-TIME, specifically if you’re 20 to 30 years old. I truly believe that we haven’t seen anything really phenomenal in terms of Bitcoin’s market performance as an asset.
the price of bitcoin has been able to reach its highest price a few months ago and in my opinion it really becomes a phenomenon, how not? At that time, many predicted that the price of bitcoin would not be able to reach the price of $50K, but when many institutional investors began to switch to bitcoin and made the price of bitcoin able to reach $64K which is the highest price so far, and even if now the price of bitcoin is back down to $30K of course it's not a surprise to us because something similar happened in 2018 and I'm sure if the cycle repeats itself and the possibility of bitcoin price breaking a new record is certainly still very possible at any time.
jr. member
Activity: 1134
Merit: 2
I WANTED EVERYONE TO BE HAPPY IN LIFE
July 27, 2021, 10:21:51 AM
It is not always a good strategy for buying any project token we first Definitely look for roadmap of the project if it CONVENIENT then we definately should buy it buy looking at the RESISTANCE of that token there are many great example from the past like BTC when it is launched people shown the ROADMAP, they believe in the idea and hold the token now we can clearly see the result
If you are looking for all the above step then you can definitely follow the rule for DIP and HODL
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
July 26, 2021, 11:53:16 AM
Will that be the last time we witness Bitcoin crash below $30,000 in our life-time? YES, OUR LIFE-TIME, specifically if you’re 20 to 30 years old. I truly believe that we haven’t seen anything really phenomenal in terms of Bitcoin’s market performance as an asset.

Frequently, people speak in generations.. which is 20-30 years rather than "in our lifetimes" because of the need to account for various age differences.. but surely, if someone is in his/her 20-30s, he might consider a life time of 40-60 years remaining...

Seems to me that we need to consider whether sub-$30k is ever going to be reached again in shorter timelines, so I would feel a lot more comfortable considering that the "bottom is in" once the BTC price goes above $46k.... and even then we would have to see where the cycle goes from there and whether $64,895 ends up getting breached or higher price points such as $100k or getting into the $200-$300k or getting in the $300-$600k range or the most bullish of scenarios that would be supra $600k for this cycle.

In other words, I am not prepared to assert that the bottom is in until we go above $46k... even if the $5k price spike does feel pretty good, and you will rarely find me complaining about the creation of UPpity cushion.. furthermore, these times are demonstrating why it was important to have been continuing to buy BTC during the dip, which so far has lasted a bit more than 2 months... whether it is over or not, or this is a fake out or not, only time will tell, so in that regard the next week or two might give us some clues whether we can break above $46k or no?
legendary
Activity: 2898
Merit: 1823
July 26, 2021, 06:32:06 AM
Will that be the last time we witness Bitcoin crash below $30,000 in our life-time? YES, OUR LIFE-TIME, specifically if you’re 20 to 30 years old. I truly believe that we haven’t seen anything really phenomenal in terms of Bitcoin’s market performance as an asset.
legendary
Activity: 2898
Merit: 1823
July 22, 2021, 02:27:14 AM
The “mini-crash” caused you to sell your Bitcoins to the billionares? Look at this pattern. The markets are cyclical. There are currently new players in the market who might be from the stock market. They might be moving money from cryptocurrencies to stocks, then might be going back to cryptocurrencies again.



Great, can I share this macro picture with my friends, i mean some of my personal media.  I'm learning how to run a hedge fund and move it around properly.  So we can either advance to 92k or to another square cycle that outperforms at the top.

Sometimes, we need to believe in well-founded predictions. thank man!


It’s not mine. I forgot to mention, credit to Twitter account @CryptoKaleo for that chart. But I believe yes, you can share it, but always give the credit to the creator. You can also see the link of the chart directly linked to his Twitter post. Plus you can also share your own charts and analysis in the thread!
member
Activity: 364
Merit: 10
July 21, 2021, 11:12:01 AM
The “mini-crash” caused you to sell your Bitcoins to the billionares? Look at this pattern. The markets are cyclical. There are currently new players in the market who might be from the stock market. They might be moving money from cryptocurrencies to stocks, then might be going back to cryptocurrencies again.


Great, can I share this macro picture with my friends, i mean some of my personal media.  I'm learning how to run a hedge fund and move it around properly.  So we can either advance to 92k or to another square cycle that outperforms at the top.
Sometimes, we need to believe in well-founded predictions. thank man!
sr. member
Activity: 1358
Merit: 253
July 21, 2021, 09:49:03 AM
Yeah, it's one of the most logical things to do in this market. We just buy the amount we want when we get a really good chance and start HODLing. But I don't mean that we should HODL forever. We should set some goals for us and sell some amount of our profits when we reach them.

Bitcoin's performance is unquestionable, when the market dips then this is the best opportunity to buy and hold because sooner or later the price will skyrocket again. the key to success in bitcoin investing is buy, hold and then be patient.
legendary
Activity: 2898
Merit: 1823
July 21, 2021, 07:00:33 AM
The “mini-crash” caused you to sell your Bitcoins to the billionares? Look at this pattern. The markets are cyclical. There are currently new players in the market who might be from the stock market. They might be moving money from cryptocurrencies to stocks, then might be going back to cryptocurrencies again.

legendary
Activity: 2898
Merit: 1823
July 20, 2021, 05:47:33 AM
If in doubt, zoom out. This chart forecast/prediction, I believe, might be more unbiased, and sound than many of my own uneducated “predictions”, https://www.tradingview.com/chart/BTCUSD/dxcbmM4S-Bitcoin-BULLISH-MAY-2022-1-BTC-180-000/

Take the current crash as another golden opportunity. Buying the DIP is better than buying the TOP.
sr. member
Activity: 994
Merit: 441
July 19, 2021, 07:08:29 PM
Every trading and investment planning, but dip and hold for high or trade at high.if we can  buy dip with good amount and reservation it for longer periods then we could possibly profits from the investment.
member
Activity: 532
Merit: 18
July 17, 2021, 06:21:39 AM
Yeah, it's one of the most logical things to do in this market. We just buy the amount we want when we get a really good chance and start HODLing. But I don't mean that we should HODL forever. We should set some goals for us and sell some amount of our profits when we reach them.
legendary
Activity: 2898
Merit: 1823
July 17, 2021, 06:13:26 AM
I believe, because of COVID-19’s mutation/new variants, that we will be living in one of the most extra-ordinary times in human history, which many of us can’t, or simply won’t comprehend. Society might not go back to “normal” anymore.

We are in a turning point when human civilization is starting to radically shift into a more restrictive environment. If there is an “asset” for censorship-resistance, OWN as much as you can.
legendary
Activity: 2898
Merit: 1823
July 15, 2021, 12:36:24 AM
~
Long-term holders should have sold Bitcoin when the price was above $50000 or $60000,
of course holders would also know when to sell it, or maybe 50% of the assets they have sold,
and that's a strategy that we should follow, if a DIP does occur. we have to do accumulation,
otherwise it is something to regret.
Depending on how long they have been hodling or how much they were hodling at that time then probably they can consider selling at that point look at me, I have sold at around the 40k point and then the prices pumped to 60k and I don't have a lot of money to buy back so I just have to save accumulate again. If I didn't have that need back then to sell, I would've probably got more profit but prioritize things that needs to be finished first.

hodlers don't have to do anything, least of which selling their bitcoins! that is absurd to suggest otherwise just because price was above an arbitrary number.

there are a lot of people who don't trust exchanges so they will never deposit anything there. that means when there is a short term panic sell they also don't participate. instead they hold and enjoy their profit in long term.


Understandable why many investors panic. Being subject to real emotions, especially if someone bid with all their capital on an arbitrary number called $60,000.

The first rule to HODL-type, and DCA investing is to be right on the first entry, not because for reasons of more profits/gains, but for reasons of maintaining your SANITY.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
July 14, 2021, 07:29:17 AM
~
Long-term holders should have sold Bitcoin when the price was above $50000 or $60000,
of course holders would also know when to sell it, or maybe 50% of the assets they have sold,
and that's a strategy that we should follow, if a DIP does occur. we have to do accumulation,
otherwise it is something to regret.
Depending on how long they have been hodling or how much they were hodling at that time then probably they can consider selling at that point look at me, I have sold at around the 40k point and then the prices pumped to 60k and I don't have a lot of money to buy back so I just have to save accumulate again. If I didn't have that need back then to sell, I would've probably got more profit but prioritize things that needs to be finished first.

hodlers don't have to do anything, least of which selling their bitcoins! that is absurd to suggest otherwise just because price was above an arbitrary number.
there are a lot of people who don't trust exchanges so they will never deposit anything there. that means when there is a short term panic sell they also don't participate. instead they hold and enjoy their profit in long term.

for example we had a drop from $6k to $3k and those who were hodling are enjoying the 10x profit now that price is $30k regardless of the rest.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
July 14, 2021, 02:52:34 AM
~
Long-term holders should have sold Bitcoin when the price was above $50000 or $60000,
of course holders would also know when to sell it, or maybe 50% of the assets they have sold,
and that's a strategy that we should follow, if a DIP does occur. we have to do accumulation,
otherwise it is something to regret.
Depending on how long they have been hodling or how much they were hodling at that time then probably they can consider selling at that point look at me, I have sold at around the 40k point and then the prices pumped to 60k and I don't have a lot of money to buy back so I just have to save accumulate again. If I didn't have that need back then to sell, I would've probably got more profit but prioritize things that needs to be finished first.
legendary
Activity: 2898
Merit: 1823
July 14, 2021, 01:09:25 AM
In the next Bitcoin price surge going to six digits, I believe we can be confident that there will NEVER be any FUD coming from China to disrupt the bullishness of the market. Cool



RIP CHINA FUD.

Buy the DIP, and HODL!
legendary
Activity: 2898
Merit: 1823
July 13, 2021, 04:39:37 AM
Quote

“ To avoid serious social and political discontent, leading to unrest and ultimately sociopolitical breakdown, the authorities will have to burst the bitcoin bubble before its macroeconomic importance becomes much greater. The similarity with bank runs is rather clear. If none of, say, the ten biggest providers of liquidity to Lehman Brothers had withdrawn their funding, in all probability no-one else would have done so. If those ten withdrew their funding, in all probability everyone would do the same. Similarly, as the ratio of “illusory-wealth-to-potential-income” in the economy gets bigger and bigger, the temptation for someone to jump ship and be the first to use their assets to acquire real resources becomes greater and greater.”

“ The longer that central banks wait before taking action to prevent a swelling of cryptocurrency bubbles, the more difficult they will make their task. Bank of England governor Andrew Bailey has warned bitcoin “investors” that they risk losing all of their money. But if the bubble first gets much bigger, its bursting will have significant macroeconomic effects, as spending financed by borrowing against bitcoin “wealth” vanishes. Worse, devastating losses will be inflicted on speculators, among whom will be more and more ordinary households. The fact that they have been warned will not prevent potentially seismic reactions.

Central banks and regulators thus now have an unenviable choice. Presumably, they will not want to be blamed by crypto “investors” for a burst bubble. So they may hope that it subsides of its own accord, then regulate it out of existence. But if the bubble keeps growing, they must grasp the nettle and inflict losses now, or face a future sharp-elbowed scramble to convert crypto holdings into goods and services, which will produce hyperinflation and destroy society.”


https://moneyweek.com/investments/alternative-finance/bitcoin-crypto/603510/how-a-bubble-in-bitcoin-could-lead-to

Bernard Conolly, the writer of this FUDticle, judges and blames the players/speculators of the market, and not the rule makers/THE FED to be held responsible if hyperinflation happens. This is Anti-Bitcoin propaganda, and FUD disguised as an objective opinion.

They truly feel the threat.

Buy the DIP, and? Cool
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
July 09, 2021, 10:09:58 AM
Watch John Bogle’s advice in how to invest in stocks and equities, https://www.youtube.com/watch?v=doKsy4itiRE

John Bogle was a HODLer-type, and was the founder of The Vanguard Group.

It’s obviously very applicable in Bitcoin’s HODL-style investing, and he also addressed and encourged a dollar-cost-averaging strategy. BUT, he also said that an investor should “get in right in the first place”. Is the current market the right time to enter? I believe it’s an opportunity, but leave yourself more capital to average down because no one gets it in right unless you’re very lucky.

Of course, there is a lot of luck in investing in anything, but persistent investing creates some of the luck in terms of if the investment ends up going up in the long run.   So, in some sense, if you do not have a lot of money to start with it is going to either take a long time or a lot of BTC price appreciation for you to either feel the effect or to become rich off of it, yet at the same time, you should be attempting to work with what you got rather than engaging in overly leveraging kinds of behaviors - and in that regard, bitcoin seems to continue to be one of the best investments out there in terms of considering both downside and upside risk and both downside and upside potential.

So a convincing definition of luck is where preparation meets opportunity.. so yeah, the idea of DCA investing is good, with a wee bit of front loading of the investment (if you can) combined with some levels of preparations to be able to buy on the dip, if the BTC price dips from here or if it ends up dipping at latter dates (presuming that it already went up and then dips at that point).


Do you believe that, “right now”, would be a good idea to front load the investment? For example if you had $10,000 available, would you use all that $10,000 in one trade, then DCA with 10% of your monthly salary?

Let’s assume that $10,000 is 10% of said person’s total networth.

Ok.  sure, if we are assuming that the person does not own any bitcoin, then it would be fine to get in, and even though 100% front loading (in terms of a lump sum) is recommended by some folks, I tend to want to divide that initial sum into 3 parts in order to account for trepidations that people might get in the event that the BTC price drops, then they have some of that money for buying on dips and DCA'ing... so the default position would be to divide the $10k into three and to go from there in terms of figuring out how to employ each of the three aspects.

So yeah, if there is also more cashflow coming in on a regular basis in the future, there could be an attempt to put 10% of the investment money (not 10% of the total income) into bitcoin because expenses need to be made and some assessment needs to be made about other investments too, and how to allocate... so yeah, by the time a person figures out their whole budget and how much money that they might have left that is available for investment, then it might be difficult to figure out how much to allocate into bitcoin. 

So for example, if we project that a person might have $3k of money coming in, but $2k is necessary for various expenses, so there is only $1k left for various investments (and than might even be a lot to be assuming that anyone is able to feel comfortable spending 33% of the cashflow on various investments), then from that there might be some decisions about how much of that to use for DCA into bitcoin, and other investments (for example maybe they have some kind of 401k with matching funds and there might be a decent incentive to at least put the maximum matching component into that)...


So individuals do tend to need to assess what is reasonable to be putting away and making sure that they have various kinds of funds that would be available for emergency withdraw, and some folks consider bitcoin as part of their emergency fund (especially because bitcoin tends to be pretty damned liquid, relatively speaking), which surely seems like a bad practice in my thinking.. because it is a form of being over-invested (because you should not be putting yourself into any kind of position to have to withdraw from any of your investments - especially bitcoin of a time that is not of your own choosing and we have seen that bitcoin has been very good as a very long term investment - at least so far).. so there should be some cash bonds of cash account that might earn low interest that would be drawn from in the event of an emergency and then during the emergency there might NOT be any ability to continue to invest into bitcoin until the various cash and emergency funds are replenished or on the way to being replenished, first.  I understand that hardly anyone creates several months of cash - or liquid funds - (maybe even 6 months or more) to be able to draw from, even though that is a best practice to stop them from playing roulette with their investment money and overinvesting... but many people (probably a vast majority of the population) have few clues about how to invest anyhow, because the ONLY assets of value that they may end up having would be their property, home (if they have one) and a 401k (if they have such option through their employer), and then they have hardly any fucking clue about how to have some kind of investment (and especially the temptation of having extra cash) while trying to build enough restraining themselves power to NOT be tempted into tapping into such reserve funds before it even reaches a level to be able to have other money to actually "invest."

Yes some of us here might be the exception to the rule and have learned how to actually invest, but we are likely a minority and many people have troubles relating to such concepts because they put their own spin on it, which tends to be treating their investments as forms of gambling.
legendary
Activity: 2310
Merit: 1422
July 09, 2021, 07:17:58 AM
This is yet another big window of opportunity to build a long-term positioning via decent accumulation. I have less and less fiat money available every month to accumulate bitcoin but I always try to get $50 in every month. I quit cigarettes for good about 4 months ago and I already feel the difference in terms of health and, even better, in terms of savings!
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