Topic: Buy the DIP, and HODL! - page 606. (Read 131290 times)

Down is not a necessary condition in order for more up to happen, so hopefully you, Shasha80, and any other predictors of down before up are actually prepared for up in case down does not happen first.

You may well thank me later.

 

That sounds more like trading (gambling) than investment (long-term commitment to a worthy project).

Taking profits? In what? Fiat? LOL

You think fiat is a worthy project in which to make a long-term investment?

I'll take my profits in Bitcoin, thank you.

Enjoy staying poor.

The increase in the price of Bitcoin which reached $ 23,000 is beyond my predictions, as many big investors have started investing in Bitcoin.
That's why the price of Bitcoin continues to rise, but the current price is too high in my opinion. In a few days, there should be a deep correction.
According to my analysis, Bitcoin will probably drop to a price of $ 18,000 - $ 19,000. If my prediction is correct Bitcoin will be corrected, then
the opportunity to buy more Bitcoin.

It would be VERY limited. The institutionals didn't come in for "mere" 100% gains. They have made Bitcoin as part of their company's treasury assets. From there, for better or worse, I believe nations would HODL it as part of their basket of FOREX reserves.

Sort of like a mini April 2013 move? That would be quite an emotional ride. Not quite what I'm expecting, but something to keep in mind!


Agreed, we can never know exactly when Bitcoin will shake the trees. But based on history we know it will eventually happen, and that the downside is limited. From $23.8K, I'd say the maximum downside is the $14K area. Buy the dip, if it happens.

It seems that I mostly agree with you, cytpoway121, except you seem to have a kind of hesitancy or a desire to try to time the BTC market.

Sure, this thread seems to have a timing the market idea built into it, but if anyone overthinks the timing the market aspect (rather than just regularly buying at whatever the BTC price might be), then such person may well end up failing to stack enough sats when the BTC price ends up going UPpity rather than correcting, which largely seems to be the case in bitcoinlandia since about the beginning of September when BTC prices were at about $10k to present...   Sure we had a few decent corrections in there, but there may have been some wannabe bitcoin accumulators that were being too greedy and waiting for BIGGER dips, that so far have not happened.  Sure, it is possible that we will dip back down to sub $20k, but it is also possible that we will never again dip below $22k.. so there are a lot of possibilities, and in that regard, each bitcoin stacker wannabe person needs to consider just using some of his/her funds to just buy at whatever the BTC price might be.. and sure keeping some cash available in case the BTC price drops too.. and no matter what, if such person feels that s/he does not have enough BTC, there is going to be some dilemma-like feelings regarding how much is enough to buy at any point and how much to attempt to keep in reserves in the case that BTC prices drop.


Seems to be one of the main justifications that any kind of preparation in bitcoin should be both for down and up... I have frequently errored on the side of being prepared for UP way more than I am prepared for down, and many times I have been chided for such lopsided UPpity preparation efforts by suggesting that I am paying way too much for my BTC when I could (or could have) gotten sats cheaper.. blah blah blah.. which also seems to be one of the justification that causes some folks to sell some or all of their BTC out of hopes that they can buy more BTC at a cheaper price, which seems to be the wrong mindset in my own thinking and when BTC goes on a UPpity rampage (which it does from time to time, including having had largely done so since early September), then the ones laughing and in comfort are those who had been overly preparing for UP.. in spite of the other various theories about how to "properly" do bitcoin.

There are ALWAYS market dips, but not like the golden opportunity given to us priced below $10,000. Bitcoin is on a path of price discovery to a 6-digit valuation per coin. It might surge to $75,000, then crash down to $25,000 on 2022. That's your new dip. OR it might crash tomorrow to, $15,000, a golden opportunity in my opinion.

Truth is, as long as it is bitcoin; you are allowed  to buy every dip and accumulate enough satoshi's ahead for the future; but while speculating and planning to do this; you also need to dyor and put into consideration the time to buy. Bitcoin is bullish long term and it is one reason why i keep getting bitcoin with my spares, no matter how little.

Projects and token? we're in bitcoin on this thread so basically you buy during the dip for bitcoin.\
It's also easy too when you're in profit then start selling. The purpose of holding is to make profit at higher prices and when you decide to do it, you've at least taken that into consideration already. When we say hold, you decide it to do for long term but you'll have time of selling it at the perfect time.

Investment is more than just buying every dip and hoping for the best. You always have to learn to keep your emotions out of your decision making skills. You need to first do your own research, identify quality platforms, projects, token; your research should let you be able to predict a certain price xx, that you will take profits after buying the dips.

Buying the dips is easy, how about taking profits? Put that into consideration.

yes if it drops below $ 17500, then what you have to do is buy gradually,
because we don't know the next strong support yet, but now the Bitcoin price is still staying above $ 19k,
hopefully there won't be any major corrections.

Okay, thanks in advance. At the moment, this looks only like his forecast. And I can see that if the money is printed as shown on his chart, then the price of bitcoin can be even higher.  However, with such printing of money, any assets will soar in price tens and hundreds of times.

Bitcoin is not controlled by holiday season bullshit, even though frequently that narrative is espoused as a kind of explanation of what is going on when honey badger gives no shits.

You will thank me later.. perhaps.. unless it goes down to $12k, then maybe you will not thank me.   

Actually, this is Christmas sell off so this bearish could down bitcoin to $17600 or much more down. Its absolutely impossible to understand what's going to happen next, but surely everything will positive until good news comes our more and more. Indeed good buy in and HODL strong.

Buying the Dip and hodling is some of the very best advice you can get from reading here. 

I just wish I followed this good advice when the time comes to push the button.   

Price of Bitcoin now is $17,787 and down 8% is last 7 days so now would be a good time to buy and hodl.

The model for the red line is based on "FED + ECB balance sheets", or "money printing". I asked PlanB where he got the data. I will give you the links if he replies.


It's just a model, and like other "forecasting models", they could be wrong from different reasons. For me I believe it's because it's priced in, not wrong data.

Can't go back to those prices and the lesson is to buy if you see that the dump happens. We always get to hear something like this when the price of bitcoin gets up.
The action should be taken and buy accordingly to the market's status like if it's dumping and dropping then take that time to start buying. Don't waste that opportunity of buying.

Do you just believe it or have you checked some data?
It would be nice if the author was right (I think all bitcoin supporters would like this) but apparently he plotted the graph incorrectly or simply used the wrong data.

Indeed. I had an earlier account but forgot the pass or email, but it was when I registered this that I more or less bought into this experiment. I know it was a fancy idea even then... 21 Bitcoins to be 1 of 1 million people possible to have that same amount, even then the amount was beyond me, but had I known what would happen over the next few months, I might have tried "harder"

Debt is something I have a lot of experience with. Once bitten...

No regrets! Still here today and still enjoying myself.

Never ever post anything, nor verbally tell anyone what price, and when exactly you bought Bitcoin and how much. Where Bitcoin is going during it's phase of price discovery, it's better to be safe than to be a target.