Topic: Buy the DIP, and HODL! - page 60. (Read 121857 times)

Yeah Bitcoin wil be adopted by many countries all over the world. recently On Aug 15 Dubai court recognized bitcoin assets as a valid means of salary payment, Dubai has adopted it as a means of salary for worker here. El Salvador use bitcoin as their legal tender also. and this will increase as time goes on and many more will adopt bitcoin. just that most people are not fully aware about what bitcoin is, and most  people are due to wrong speculation. and most countries have not taken a bold step to make it their legal tender. But I believe as bold step have started from this two countries I believe more countries will emulate.

Although Bitcoin may be the best choice but that doesn't mean fiat system will totally be eliminated. Both are very important. Bitcoin was not created to eliminate fiat system, but to be use as an alternative to fiat or banking system, or as a way of proving decentralization to be real/true. and how important it will function in terms of being fast, reliable and effective through online payment system and a great store of value.

Of course It is best not to involve your own precious capital in risky investments. You should definitely choose Bitcoin if you are interested in investing as it has a very promising return on investment capital. Before investing in bitcoins you can choose a particular period of time irrespective of the value like 4-10 years and during this period the bitcoins must be deposited at regular intervals and it can be weekly or monthly. For long-term Bitcoin deposits, you should have a backup fund to keep your investment safe.

You must be smart when it comes to investing or else you cannot keep pace with today's world. Investing in Bitcoin right now can be a smart investment if you have a stack and can hold it for a long time as the price of Bitcoin will soon enter a bullish period.

I agree with you a hundred percent, trading involves looking for opportunities to enter into the market and make profits with some strategies and that is the same with waiting for the dip only to purchase Bitcoin, especially for a newbie in Bitcoin or someone who is presumingly in his accommodation journey. He would lose out on precious time and opportunities to accumulate a decent amount before the dip eventually comes by, if it actually comes within the span of time he waits.

The dip is an added advantage to those who are already in their accommodation journey and have more discretionary income available to them. It is not bad for example, I'm DCAing $100 weekly consistently and I've another $2k or more kept aside expecting the dip, when the dip eventually comes by, I already have a very decent amount accumulated and I have another added advantage to purchase more at much lower prices, thereby boosting my portfolio. You can see for yourself that I've gained on two sides. The dip is an advantage that investors benefit from and not an accumulation strategy that we all should fold our hands and wait for, thereby neglecting the powerful impact of the slow and steady process that DCA presents us.

Shitcoin is something that needs to be ignored and there is no need to put hope in it let alone be interested in it and I also agree with what you said even though I won't immediately say someone who chooses Shitcoin is stupid because maybe he still doesn't know about Bitcoin so he is really wrong with his choice. Now all investors must be smart when they want to choose an investment and as is already clear at this time, of course Bitcoin is an asset that is quite worthy to be owned by every investor.

I don't think fiat will immediately disappear from the face of the earth except only about how to use it and also its value in everyone's life. And for Bitcoin I also have the idea that over time it will continue to become more well-known because its holders continue to increase significantly. So the potential for adoption by most countries in the world can also be possible considering the growth of users in Bitcoin itself which is already increasing at this time.

Waiting for dips everytime can be really frustrating and i see it like a waste of time because as you keep waiting you are just wasting time that you might have used to accumulate and when the dips is followed by other dips it becomes problematic.  Purchasing the dip can actually be confusing for some people, particularly in situations where things don't go as planned and they encounter multiple dips. In these situations, they may become anxious and sell their bitcoin to make a cheaper purchase, which is already a poor business decision.

Occasionally, people spend all of their available funds at one dip and lose out on subsequent declines, which can easily result in a loss on their investment and make it simpler for them to decide to sell when things aren't going well. This isn't the case with the DCA method, instead, it help solve a lot of issues. The only thing you need to worry about is staying disciplined and sticking to your investment plan, which calls for periodic accumulation and long-term holding. DCA adopters still have the chance to purchase bitcoin during the dips if they can afford it.

You are very correct and I completely agree with you, I usually say that anyone coming into the Bitcoin without having his or her personal conviction and decision regarding to Bitcoin by not being decisive rather they rely on it just because it is what every one else seems to be talking about or doing can never make an informed decisions because they can easily be moved to attend to so much public opinions such that he or she can become very confused as to what will be the best for him, anyone ever considering Bitcoin should as well think patient, consistency as to achieve a good size of Bitcoin up to reasonable amount and hold for as long comfortably 4 to 10 years or more.


I don't know what could be your definition of investing huge amount of money at once regarding to DCA strategy, don't be in a hurry to forget that their are different level of players in the  market I mean investors with different financial levels such that the amount one may consider to huge might not be huge for the other person hence their no point trying to suggest that one should not come in terms with the DCA with a huge amount at once, what is most important is the cash flow and understanding the level of his disposable income and how much comfortable he can be with the invested amount without negatively affecting his or other living expenses of which an emergency fund is inclusive.

It is true that investing in the Dollar cost Averaging (DCA)method is open to everyone and even if you invest using this method you will have the opportunity to buy Bitcoins in any market condition. Down market conditions are uncomfortable for every investor but with DCA you don't have to worry about market dips. But even though this is a recommended strategy for all of us, everyone needs to secure the reserved funds before investing in this method. Since we plan to invest in this method for a long period of time, we need to ensure that the investment continues comfortably for a long period of time.
 
No matter how much money we have, why should we invest it all together? Instead of investing the entire amount of bitcoins at once, we can invest in several steps that may be convenient for us. Maybe such an investment method or a few steps investment method @JJG has already mentioned earlier. Keep some amount of the invested money to buy dips, do regular DCA with some amount and keep the remaining amount to meet your family needs so that there is no hindrance to continue investing for a long time. So it is very important to keep the reserve fund before investing because in any market situation the reserve fund helps you to create opportunity to buy Bitcoin.

Yes.  Your ongoing mistake is you continue to fail/refuse to be specific.  You are almost always describing some fantasy in which it might be nice to maintain some dry powder for buying BTC dips, since you are claiming that kind of a waiting for dips strategy to be more advantageous for guys who are poor, blah blah blah.  Historically, part of your justification for waiting has been that poor people need the advantage of getting more sats for the amount of little money that they have, so they cannot afford to be buying more expensive BTC and getting fewer BTC for their fiat.. as if they can figure out when dips might happen.  

I doubt that any poor people are advantaged by such a strategy of waiting for dips rather than regularly buying and not trying to guess if the BTC price is high or low or whatever, and absent some special circumstances that maybe you might describe to be present for such poor persons.

In other words, it seems to me that as soon as such poor people figure out that they are authorizing the amount to be put into BTC they should buy right away or budget it for each week until their next authorization rather than saving it for a dip that may or may not end up happening..

You do realize that I gave you a specific example of a hypothetical person who had already been buying BTC for 3.5 years, and I described his budget (more or less), and in that regard you could attempt to grapple with the reality of actual specific facts rather than maintaining vague assertions about "it all depends on the person blah blah blah".. well I described you the person and the financial circumstances of such person.. and you are free to even change some of the facts within reasonable parameters if you might be trying to make some kind of a point regarding how the guy might be advantaged by some kind of a waiting strategy rather than continuing to buy $100 per week as he had been doing and seems to be in his budget, and it seems to me that DCA is a pretty fucking good way to be making progress and taking action every week no matter what the BTC price (yeah sure, he might manually structure his buys to try to buy dips within the week, yet every week he is most likely best off to just buy BTC with his $100 and without fail), as compared to waiting around for possible longer term dips that may or may not come, even for this particular hypothetical guy who had started investing in BTC more or less during a bullish year.. and close to the 2021 top.

Give it to me.  Describe some parameters in which it might be preferable for such a guy to fuck around with waiting top buy BTC rather than regularly investing and buying BTC every week and not matter what the BTC price in the next 4 years or so.. go on tell me for the next 4 years what the guy should be doing that might be better than buying every week with his $100 budget.

No one made a "justification" on whether an individual should buy the DIP, or DCA, or both. Or whether an investment strategy is better than another investment strategy. Simply, merely choose the path that makes YOU comfortable in your investments.

Would that be a mistake?

¯\_(ツ)_/¯

There is nothing wrong if an investor has a huge of money and decided to invest it on Bitcoin at once if he knows it won't affect his daily living or leading to selling his Bitcoin due to lack of money to take care of personal activities because he is going to reap the benefits in the future, to goal is to stack enough Bitcoin and hodl for long.

If an investor has huge amount and decide to invest it in Bitcoin in such a way that it won't affect his personal life or his Bitcoin investment fine that will help him to have enough Bitcoin.

Where it is wrong is when an investor invest huge amount money into Bitcoin that will later affect his personal living or lead to selling out his Bitcoin hodling.

DCA investment strategy is the right strategy for every market condition. Common people get very disappointed when the market dumps after investing but it is completely different for those who invest in DCA investment strategy. Because if the market dumps after investing, then the investors get a chance to make a profit and at that time they invest with more money. Investing in this strategy usually doesn't involve much risk so I think one should invest in DCA investment strategy without investing huge amount of money at once.

Well you don't actually need to invest all your money in Bitcoin before you can have enough, you can just keep the DCAing burning till you get to the point of having enough Bitcoin. Because going all in , sounded more like gambling. Because most people that didn't plan well and just go all in with their money into Bitcoin, usually sell or withdraw their Bitcoin too early , due to the fact that they went all in with their funds and inside that funds their emergency funds also inside,so they won't be able to balance things , so they will eventually take their Bitcoin as a substitute to their emergency funds.


That's right, beside one can still use their DCAing as form of buying the dip aslong they keep accumulating, because if you ain't ready for the dip then you ain't ready for the increase in prices when the time comes. So to be in a safer side is to have good Bitcoin stashes in your portfolio.

It's certain that the market will experience a downturn at some point. While waiting for this dip, the best strategy for potential investors is to use Dollar-Cost Averaging (DCA). Don't let the fear of a market dip stop you from accumulating your share of Bitcoin. Remember, a market dip is an opportunity to buy more at a lower price. So, as long as you're prepared to take advantage of the dip, you'll be in a good position as an investor. So for the mean time, you continue the DCA so you can ride along the train when theres a bull.

I'm not investing all of my money in bitcoins I'm investing some of my income in bitcoins because I have a small business that earns money from it I'm investing some of it in bitcoins instead of keeping it in the bank. I use the money I earn from my business for my needs. I don't keep money in the bank because everyone knows that the condition of my Bangladesh is not good. Most of my country's banks are bankrupt and many banks are on the verge of bankruptcy. I have kept money at home instead of keeping money in banks when political leaders have bankrupted many banks by borrowing billions of rupees from each bank. Currently, with the change of government, the country has regained some democracy and people are slowly regaining the freedom they had lost. But if the country is normal, of course we will keep money in our bank, but for my emergency needs, I must keep my local money with me so that I can use it immediately if necessary.

How would you presume that I missed whatever point you were attempting to make without much clarity in regards to what kind of person you are talking about, and your further attempts at clarifying are also not very helpful because they are vague and they still seem to emphasize vague and even seemingly dumb strategies that involve waiting for the dip.

There are a lot of ways that people can start out in bitcoin and surely their particulars circumstances will make differences, including if they had already been buying BTC, whether they bought bitcoin on the dip or they bought bitcoin at some other time.

I think part of the justification for not to be changing the name of the thread is that you cannot get "buying the dip" out of your head as if it were subliminally a preferred way of establishing a stake in bitcoin, and surely I have no problem with buying dips or incorporating buying the dip into some of the BTC accumulation strategies, especially if buying dips does not end up involving way more waiting for dips (which is not a great strategy) rather than actually buying BTC on a regular basis (which is likely a better strategy for most people).. so surely part of the dilemma that anyone has is to figure out the extent to which he is going to be content if the BTC price ends up going up rather than going down, and if the BTC price ends up going up, has he come to a comfortable point in his BTC stacking journey that he is not regretting for not having had bought more at the lower prices, and so if someone is sitting around and allowing fiat to stack up because he is waiting for a dip, then he likely is not employing good BTC accumulation practices, financially or psychologically... even if you want to suggest vague notions that people can do whatever  they want, and most people when left to do whatever they want, end up not doing anything.. .which ends up damaging them in the end, even if they were doing what they wanted to do.  So investment in bitcoin is likely more of an active an proactive kind of behavior rather than a waiting around strategy, even if you seem to continue to enjoy to promote your buying on the dip waiting strategy.


Of course, each of us is tailoring our approach to our own circumstances, and anyone who is brand new to bitcoin may well take some time to build up a bitcoin stack, so there should be a certain value that comes from ongoingly building, perhaps for a whole cycle before employing waiting approaches to the investment.  How much extra disposable income is available and how much BTC has been bought might end up affecting the extent to which some holding back of fiat might be practical for any particular person.  Some folks might not even know their own circumstances well enough, yet surely the longer that they had been stacking BTC then maybe the more likely that they might start to feel comfortable that they have enough BTC and waiting might be a better practice.  

We might even need some specific example to really flesh out these kinds of points rather than speaking in generalities, and maybe we can describe some hypothetical person who might have had gotten involved in bitcoin in early-to-mid 2021.

So maybe we can say such person is in his late 20s in early 2021, and has an income that varies between $2k to $3.3k per month (maybe averaging around $2,400 per month and so $28,800-ish per year), and maybe his expenses are anywhere between $1,600 and $2,500 per month (averaging around $1,900 per month and around $22,800 per year) so there is some variance in the guy's discretionary income, and maybe by early 2021, he had saved around $12k (some of it invested, some of it in various back up cash funds).  

And, so the guy learned about bitcoin while the BTC price was going up in early  2021, and he read quite a bit about a large level of confidence that BTC was going up to at least $100k and maybe even $200k in 2021, and even though he was considering investing into bitcoin for 4-10 years or longer, he also considered that it would be nice to start out building his BTC investment stash from some kind of a dip rather than starting when the BTC price was going up, so he had considered that when he was starting to buy the dip in April/May 2021, he bought $5k worth of BTC at $50k (which would be 0.1 BTC) so then he also decided that he was going to continue to DCA buy BTC at $100 per week, and maybe buy some more dips later down the road, so he ended up budgeting right around $100 per week, so since May 1, 2021, he had invested right around $17,600 through DCA which resulted in an additional 0.5298 BTC, so his total BTC stash right now is 0.6298 BTC (spot price valued at $36,636 - 200-WMA valued at $24,539) that he had purchased for right around $22,600.  

So maybe in our hypothetical we might want to say that our guy bought dips rather than buying DCA, yet it is really difficult to figure out how that would have had been done with any kind of knowledge when the dips were going to be, yet even with mostly a DCA strategy, he still is not in a bad place after right around 3.5 years investing into bitcoin.

So whether measuring the value of his BTC holdings from spot price or from the 200-WMA, the hypothetical guy is in profits, yet he still might not consider his BTC stash to be even close to enough for his own personal goals, since maybe tentatively he would like to get to having 10 years of his expenses to be covered by his savings/investment into BTC, and with current expenses around $1,900 per month, he considers his annual expenses are around $23k, so he would like to get to at minimum of around $230k in regards to the 200-WMA valuation of his stash.... and he also expects that the amount that he is going to need will likely go up too, so he may well be aiming at getting to somewhere between $500k and $1million in terms of the valuation of his BTC stash in the 200-WMA. So maybe currently he is around 1/10th of the way towards reaching his goal, but more likely he is ONLY around 1/20th of the way to reach his goal, which is also not a bad place to be after ONLY investing in BTC for 3.5 years, so he remains optimistic about continuing to invest in BTC for the next 4-10 years or longer..and with the rate that he is going, he still considers that his ongoing investing into bitcoin may well still take him another 10-15 years to reach his goals, yet still partly depending on how BTC prices do during his ongoing BTC accumulation process too.

Yet should this hypothetical guy continue to buy BTC through DCA methods as he has been doing and/or buying on dips or some other ways to go forward?  

How is he going to know if he is being disadvantaged if he continues to buy and the BTC price is going up?  

How is he going to know if the BTC price is going to dip or not?

Sure, we can even proclaim that this hypothetical guy will sometimes get extra bonuses of cashflow from work 2-3 times per year that might be anywhere between $2k and $4k... yet one of the ONLY ways to continue to know that he is making progress in building his BTC stash to greater amounts is likely through ongoing, persistent and consistent buying, and maybe he might need to continue to DCA through another whole cycle or two before he might start to feel comfortable that he is starting to get close to his goals or that he can move away from DCAing.. and surely his getting close to his goals is also partially dependent upon what the BTC price does during the next couple of cycles, and historically, the 200-WMA has continued to go up more than 20% per year, which means the stash of bitcoin that he had already accumulated goes up, yet it is also like that his purchasing price per BTC is still going to continue to go up, too, so there an be a bit of confidence in those kinds of metrics (such as the 200-WMA), even though bitcoin price is not guaranteed to continue to go up, so the guy ONLY has his own circumstances to balance out in terms of how much he might want to continue to DCA versus if there might be some other tactics that he might be able to try to do such as buying the dip, and surely maybe the guy has already made considerable efforts towards trying to increase his income and to cut his expenses, yet he also might have limitations in regards to how much he is ready, willing and able to do based on his own particular financial and psychological circumstances.

Do you have some kind of suggestion regarding what this kind of a guy should be doing in regards to DCA versus buying on the dip, and recommendations that he should be fucking around trying to figure out when there might be dips or not? or maybe he should just keep buying regularly for at least another cycle or two before he starts to feel like he might fuck around with trying to figure out dips?  Yeah, it is easy to see historical dips, but seeing dips going forward is likely not as easy of a task as you might believe it to be, especially when we are dealing with the reality of real people rather than just talking about vaguenesses in regards to dips might or might not end up happening.


First off you are misquoting me, and Wind_FURY had made the statement "If you are holding back money and not investing......"

Second, he seems to be wrong about that, as you pointed out.


You are correct that the investor who is ongoingly buying BTC is way less likely to FOMO, and yeah sure there are different levels of aggressiveness, so if someone might have had been overly whimpy in his DCA strategy and holding back a lot of money, then he might get nervous if the BTC price goes shooting up and he had been holding money to buy on dips that did not end up happening.


It is more likely that a person who is ongoing investing with DCA is going to be interacting with his BTC portfolio more, yet surely there are investors who might drop the ball, get lazy and attempt to be overly strategic with their DCA and then end up screwing up by failing to buy at the bottom and then overly buying when the BTC prices are going up.. so yeah, it is likely better to just try to be more consistent when possible with the DCA, even though surely some people do get some satisfaction by trying to be somewhat strategic and it might not hurt matters too much if they don't end up over doing their strategies and then getting it wrong and then failing to DCA in a way that is more consistent with their income rather than fucking around trying to figure out if the BTC price is up or down or sideways.   Maybe after one or two cycles of ongoing BTC accumulation they might start to get into a better position to be tweaking their DCA approach, yet surely there is a lot of variance in how tweaking might be employed in reasonable ways that don't devolve into gambling rather than continuing to emphasize investing and building of the BTC stack through non-gambling ways..


It seems to me that any of us should be able to structure our BTC investment in ways that we do not necessarily need to have a lot of "balls" to hold it, since historically, bitcoin has been amongst the best of investments (and really probably the best investment), yet at the same time, there is no real evidence that bitcoin's investment thesis is getting weaker, even if the upside potential might be getting smaller, but bitcoin continues with a strong investment thesis, so we merely have to figure out a position size in bitcoin that is comfortable for our own circumstances, and if bitcoin remains a good investment into the future, there is no need to even take super aggressive buying stances in order to still be able to have very decently good likelihood of profiting from bitcoin into the future.

I think so too, slowly many investors will realize how stupid they are to choose shitcoin in their portfolio. It won't take long for shitcoin to die because they won't have any idea to attract us into them.

I think bitcoin is number 1 to be used as an investment for old age, bitcoin will be adopted by many countries in the next 10 years. Fiat will disappear and bitcoin will dominate it. For beginners, don't be afraid to invest in bitcoin because bitcoin is the best choice compared to other assets.

Quite right, I admit that those of us who are not yet satisfied with our BTC ownership will continue to buy it regularly. Well, for those who want to wait to buy at dips, but if it goes hand in hand with DCA, of course it's better. Maybe some people want to accumulate bitcoin faster than their desired target, they will move more aggressively to buy when they get a large injection of funds from their income. Reaching an earlier point of satisfaction will certainly be better because they can set the latest strategy in investing in the following year.

At the end of this year, of course, many of those who started investing at the beginning of this year will reach their milestone of success in achieving one year of their investment in bitcoin. Yes, I think they will be more enthusiastic to continue buying bitcoin to achieve the targets they apply. Apart from that, always press the buy button when it matures every week, always do it routinely, slowly our bitcoin ownership will increase in the portfolio, of course it will make us more enthusiastic to buy and hold.

Well, one more thing I got a good tweet about the good performance of bitcoin price movements after halving.



source

So what I want to say is, keep buying, because the decision is in your hands, manage the investment that we make as best as possible.

Let's be honest
A person who's only concerned about the dip should be considered a trader
An investor doesn't just wait for the dip
They have a target and a plan in making their investment.
Pick a project(Bitcoin) you trust with a great future and accumulate rather than waiting for dip to sell the top.
Yes once the dip comes buy not because is a dip but an opportunity to get cheaper especially if you have the spare funds. 

A person that chase the dip would get anxious if they buy the dip and more dips comes popping some might choose to quickly sell to buy cheaper especially when bloggers start posting what they know nothing about.
Alas after selling it might be too late.
Wishing for a dip, doesn't mean it would come
Try to DCA smartly. Especially if you a nocoiner or haven't accumulated enough.

Base on your registration date it shows that you have spend alot time with Bitcoin, so the chances of you having a nice Amount of Bitcoin is high because of the time you have spend in Bitcoin. What am trying to say is that if you have gotten to your accummulation goal already you can then decide to focus on the dip alone (as one choice to keep adding some extra bitcoin stashes in their portfolio) after gotten to their accumulation goal without any stress.

But for those that are new or haven't gotten enough coin yet , they can actually focus in waiting for the dip always before accumulating. It Will only slow down their rate of accumulating, leading them not having enough coin , because they won't accumulate until there's dip in market and with such method one can even endup missing out while waiting for the dip .

I think when it comes to investments, your personality has nothing to do with your pattern of involvement, it's your financial strength that determines the strategy you employ on your investment journey. In Bitcoin investment, you have to plan properly with the finances available to you in order to get the most out of your accumulation journey, if left for your personality alone, what of when you've mood swings? You can decide you're not investing anymore because you don't feel like and the stingy guy would not want to lose his money, but hedge depreciating fiat because of his personality, maybe the gambler who would throw in lots of money into Bitcoin, only to liquidate good investments when he's broke.

You need to properly learn about investment patterns and follow accordingly in order to make the best out of your investments and get profitable too. It's never about you, but about understanding the investment you're venturing into and using calculated actions to get maximum dividends from your investment and in Bitcoin investment, there's DCA for periodic purchase, buying the dip and lump summing when you've lots of discretionary funds available.