Topic: Buy the DIP, and HODL! - page 6. (Read 128848 times)

Are you referring to $crypto$'s post from earlier today?


The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle?  The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations.

With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value.

 I doubt the that the USA adoption of bitcoin or any other government savings of bitcoin is required for bitcoin to go above $100k and never return to $100k again.  We should not expect that bitcoin needs government in order to save it or to make it more likely to go up without as many or as large of downward corrections.



Hopefully no one is deciding to hold any more than 10% of their value in Gold as compared to what they hold in bitcoin.  Even 10% into the shiny dinosaur rock is likely too much, buy hey guys can do whatever they like.  Even dumb things.

Don't forget that bitcoin is a digital currency and is decentralized making it more easier to use to as payment gateway for goods and services compared to gold because it goes beyond borders without intermediary. With your internet and exchange app, you can buy bitcoin easily and keep it in your self custody wallet. Bitcoin is used as an investment.

If someone is also ignorant of gold, he wouldn't still buy. Bitcoin is the new generation investment and that's why people who don't like tech choose to be ignorant of it, and they forget that we are in a technology era.

You are contradicting yourself in the above quote. You said bitcoin is for everyone but uneducated and you are still saying bitcoin is beyond the reach of uneducated person.

No one is forcing anyone to invest in bitcoin but only an advice for them to take the advantage now that bitcoin is still growing to invest and make use of the opportunity that it is offering. Bitcoin investment is by choice because it's your money and no one will force you to do whatever you don't want to do. If you don't invest now that you have the money, you will end up regretting in future.

I agree, if we have to flow according to historical analysis from the market, before we call it a DIP we have to fall half way past the current ATH. According to @Baofeng speculating on range $150K - $180K as what we expect for next year ATH, regardless i won't call nothing that isn't lesser than $100K a complete DIP, the price has to drop between $40K and $60K before investors can fully recognize a total DIP for the bear season.

Once the next DIP happens we will certainly touch below $100K but my concern, if the US finally passes the deal on making reserves for the next four years it will certainly have an impact in what we get as the DIP, a complete tone of 200,00 Bitcoin in a year is a big buy that is supposed to affect the market even if all won't be purchased at once. This could only be the scenerio were Bitcoin won't go below $100K in the next bear run.

I don't put them in a competitive arena, both are useful depending on actual purpose. If you need a stable store of value then Gold is the guy then if you want to make profits while holding as a store of value and many more knowing it comes with due patience of holding through cycles following it's volatile nature then Bitcoin is prefered. People don't compete Gold against Bitcoin with the idea of literacy or not both can have access to both Bitcoin and Gold without losing any of their portfolio, one thing is having a common sense of security and you will be fine. The only competition between Bitcoin and Gold is based on Market Cap which we all know Gold is way above in figures but that does not makes it better than Bitcoin either, know what you need and go for it.

I absolutely do not agree with Bitcoin competing with gold. Although Bitcoin and gold are similar in terms of investment, they are completely different. You can never replace Bitcoin with gold and you cannot replace gold with Bitcoin. As a valuable asset, Bitcoin will definitely surpass gold and Bitcoin will be more valuable than gold. But, can Bitcoin be as popular as gold? Gold is an asset that can be used and purchased by people from all walks of life. But can a person who is ignorant about technology enter Bitcoin? Or will Bitcoin be as easy for him as gold? Bitcoin is popular and easily purchased by everyone, educated, uneducated, rich, poor.
On the other hand, since Bitcoin is digital, it is beyond the reach of an uneducated person and Bitcoin investment is not suitable for a poor person. Bitcoin can definitely be put ahead in terms of high returns on investment in terms of valuable assets. We investors should definitely focus more on investing instead of comparing Bitcoin to gold so that Bitcoin goes beyond the reach of all other assets in terms of valuable assets and everyone is forced to promote Bitcoin.

I think we're spending too much time comparing Bitcoin to gold, gold has run it's own cause and Bitcoin is currently on its own journey. We investors just need keep doing our part, accumulating Bitcoin and spreading the awareness across to the uninformed persons and hope most big companies and the government of other countries recognize Bitcoin and create favourable grounds for it's propagation.

In due time, gold would certainly have no other option than to bow to Bitcoin which is the king of investment opportunities and hedge against inflation.

Personally I think that the BTC price would have to get supra $250k before we might start to consider that sub $100k might never be touched again.

Sure, I don't really know, so I am speculating too, yet historically we have seen quite a large number of BTC price dips that were 50% or more, and the actual bears have been more than 70%... Accordingly, I have trouble imagining those kinds of 50% + dips completely going away, and 50% of $150k to $180k is $75k-$90k.

Another aspect relates to how far and how fast the BTC price goes up, so generally if the top comes really fast and with a lot of upward movement, then it becomes easier to retrace all of those gains.  Some folks consider it to be better for us to be spending a bit of time around $100k in order to both allow buy support to catch up which may well help to make it more difficult to crash down with so much intensity, if such a future 30% + crash ends up happening in the interim.

Bitcoin price cannot be predicted and your guess may not match but we should prepare our investment horizons and regularly accumulate Bitcoin. Investors may be a little confused by the title of the current thread (Buy the dip and hold), but it is clear that Bitcoin is a volatile asset and the possibility of getting dips with each purchase is getting brighter (DCA Strategy). In a little more explanation that the increasing history of Bitcoin price which happened yesterday, is becoming the past today and is getting ups by holding up and down regularly every weekly/monthly. Sinking price is considered at the beginning or in the middle or every moment of the period. Saving Bitcoin for boys should be continued from the moment when he has a floating cash of discretionary income and is determined to continue for the long term.

The guys were looking for more dips two months ago when the price of Bitcoin was hovering around $70k. When investing, you have a psychological tendency and a demand for buying more downside, but if you wait a moment for Bitcoin, you may be deprived of that desired dips price. Every investor should engage himself in his own strategy and focus on accumulating Bitcoin regularly and continuously. Since the demand for dips price is an ongoing process and you should keep yourself immersed in different prices through the DCA method.

You're are very correct in this, every intending and existing investor need to have somewhere money is coming to hom from, though it may not be very huge but it has to be steady to enable you divide it into segments to invest some continuously and keep some for personal use, for any investor to invest freely without any form panic such investor should first consider the amount available at his disposal whether monthly or weekly to enable him or her share the funds into segments, the one for Bitcoin investment goes in for it others are being kept for reseve to serve once the arises, why many people fail in continuing their Bitcoin journey is because they fail to follow the right step, your income determines the amount you should invest in Bitcoin unless your got some funds suddenly and you've checked very well that the amount available will be used in things you don't neccessarily need, then you can decide to buy in lump sum hence you never wanted to useless the money but on a general note, an investor is meant to have altleast a financial earning that will Carter for his personal stuffs and still invest without any pressure to avoid stoping his or her investment journey halfway.

May I surely remind you that bitcoin doesn't come to erase every other assets but came as an alternative to centralized system. Though Michael saylor speech or approach to US suggesting they sell their gold to buy bitcoin is a good idea, but you saying gold is not valuable is misleading. Because If Mr A Choses bitcoin as his asset doesnt  mean Mr B will also adopt bitcoin as his asset. Gold and bitcoin are all important and unique in their functions but we can not use because of the value of bitcoin and sell all our gold or other assets. Now If everyone wants to sell gold to buy bitcoin who will then buy the gold?  Definitely people who find it valuable will still  buy it.  Let us not make it look like we need to sell everything we have to buy bitcoin including selling our houses,  clothes,  cars, business and many more.  And mind you, it is said that we should invest in bitcoin with the amount we can comfortably spend with or discretion without overdoing it and this does not in any way talks about selling things we have for bitcoin.  Surely selling some some gold or or other asset to buy bitcoin is good but let it no be a priority.

Yeah, that is possible, and if I'm not mistaken, every bull run, Bicoin goes up against those top companies in the world as far as market value, so it's understandable. But we all know that when the bear market comes, we will surely be affected. However, what if the price goes to $150k-$180k, will the lowest low for the next bear market will be around the price that we have right now?

If that happens and so maybe we are still in amongst those companies even if we are in the deepest of the next bear market.

So that could be another thought, 

Indeed we are fortunate already that we already take part of new revolutionary things where the asset we have h8as already prove many things and it break records over records then now it already surpass Saudi Aramco which is a strong asset in global market.  Reference is here for people to read https://www.coingabbar.com/de/crypto-currency-news/bitcoin-surpasses-saudi-aramco-in-market-cap-next-target-amazon

6 remaining asset to dethrone and we can see Bitcoin to place at top one so lets just see if this incident will happen in future. If Bitcoin would able to do this that means all holder is so lucky since they can possible get huge return for their deciding to hold their Bitcoin for long term.

After $100k has been reached now for sure $200k is the new record and for sure all Bitcoin holders love to see that.

The price of bitcoin can't be predicted and waiting for the dip to buy bitcoin is not the best. Those who always wait for the dip to buy bitcoin normally have certain price of what they think the price of bitcoin will fall to and waiting for the price the market will be going a differently from what they want and they end up not buying. You don't wait for the dip, you only grab it when you have opportunity or come across it. You don't have to wait for the dip to invest in bitcoin because waiting is not necessary,  you just have to invest now and hodl and make good profit in the future. 

Some people feels when they wait to buy bitcoin in the dip is more profitable but the time wasted would have been a time to buy bitcoin which value  would have been achieved in all these times.

Very good, to invest in Bitcoin every day you definitely need to have a fixed source of income. We can keep a remaining part of our daily income for investing in Bitcoin, which will reduce the suffering of investing, and how to increase daily income will lead us to find more sources of income. Since not all people are considered equal, some earn more and some earn less, so I think more income or less income is not the main thing. Patience and humanistic thinking are important for investing in Bitcoin in the long term. People with low income have more unwanted work due to their low qualifications, so they cannot join the investment field due to time and financial problems despite their desire. It is necessary to create their freedom by removing this unwanted responsibility from the lower ones by the superior officer, so that they can also use a part of their earned income and use their time and remaining money for investing in Bitcoin. Maybe their salary is daily, weekly or monthly.

Exactly, the starting point is the main thing in this bitcoin investment. There are people who has the money to start but they do not understand or will i say they do not know the worth of bitcoin or perhaps what bitcoin is going to look like in years to come that is why they have not started but the earlier they realize this the better for them. there are also people who understand and know the potentials of bitcoin but circumstance has made them look like they do not..., you are absolutely right when you said bitcoin is not a competition because the reason why some investors today sell their coin when it is not yet due for... or why some people panic is because they take this investment as a competition, they try to hold more than their friends, brothers, sisters etc and at the end of the day they end up not even having a piece of it and some investors put themselves into unnecessary pressure because of this which means lack of understanding and selfishness.

We are already lucky to be in a time like this where Bitcoin is still developing and growing, Bitcoin will surely dethrone gold and will also become the most valuable asset in total market value, if we check the history of Bitcoin growth and it widely adoption by many institution, people and nations it very clear that Bitcoin is that asset that you just talked about and yes we are lucky indeed.



https://twitter.com/saylor/status/1865473610942464056?t=_F0ighUMNaq60ZDXlCIWKA&s=19

This is a very nice advise and other countries and individual should adopt it, no body is talking about Gold as an investment opportunity anymore because Bitcoin has taken that position so no need holding an asset that is no more valuable if you have gold sell it and use the money to purchase Bitcoin and hodl.
I don't even see Google, Microsoft, Apple, Amazon, and NVDIA as a debate with Bitcoin because Bitcoin will surpass them all, the growth is massive.

We are very fortunate to have assets like bitcoin that continue to soar in price, I know gold still dominates the total market value now, but bitcoin will own it in the future.

Ordinary people will not understand this and they think more in other directions than bitcoin, but you know bitcoin will soon surpass Google, Microsoft, Apple, Amazon, and NVDIA in terms of market value.

Bitcoin to $200K some other assets above will be displaced, we are optimistic that bitcoin will go even higher, so keep buying and then HODL.

Since ancient times, the value and demand of the metal called gold has been very high and it has existed in modern times as well. The Federal Reserve of a country largely depends on the gold or dollar deposits and it may be fair if we imagine Bitcoin alongside it for the future. There is a high possibility in the coming times where Bitcoin adoption and Bitcoin role in the financial planning of various countries are recommended. The newly elected US President has announced that he will make America the capital of Bitcoin. Trump's announcement is expected to increase the importance of Bitcoin in other countries including America in the future.

You can see the main difference between Bitcoin and gold:



https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/

Shower thought.

What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?

It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA.

Buy the DIP, and HODL