Topic: Buy the DIP, and HODL! - page 67. (Read 89323 times)

Funny enough the DCA method is not only for when there is a dip, it's a method that allows you accumulate no matter the price range, There is no doubt about the fact that a dips allows you to buy or accumulator at cheap rate which is an advantage for most investors because they see it as an opportunity, but the DCA method encompasses all of that.

It is hard for investors not to always look at the price of their investment,  it is said that where your treasure lies, there will your heart be. So for me is a normal thing for most investors to regularly check on price fluctuation.

Basically the DCA is more advisable for anyone that on a salary payroll or your income comes in a specified interval but for anyone that have a lot of money that they have accumulated for long the DCA will not be necessary for them at an intensed DIP but the lump sum is what is needed at that particular time but in subsequent purchase of Bitcoin they can choose to apply the DCA so if the price dips further than this then it will be a very good advantage to buy huge and you can even decide to forget about the DCA yet and use any income you have to settle some real life projects and needs so that on know account will you touch your holdings then watch your investment in Bitcoin grow as time goes.

Your very right, ideas of early diversification usually sprout up from uncertainty or disbelief on the asset they are investing into and in this case bitcoin, many people might not even know what bitcoin is or even have a sence of worth for its Value or be able to differentiate it from a shitcoin and approach it likewise so there could be this snece of wanting to diversify into other asset to be safe incase bitcoin doesn't do well or to also use shitcoins as a recovery incase bitcoin doesn't do well.

The best way to fix this kind of mentality If for newbies to come to have a conviction on bitcoin themselves and the vest way is to get started accumulating bitcoin and get to understand how bitcoin works.
Why this is important is cause if theu remain prone to disbelief they would always be open to shity talks about bitcoin and to invest in bitcoin and also they would not not be able to have rest investing in bitcoin cause they would always want safety or even consider using ETF vehicles or if they can't afford diversification they start to panic under small news or keeping close eye on their investment and this could also hinder how much they can invest in bitcoin.

My fellow plebs, another indicator that might help give you more confidence in buying the DIP is the Bid/Ask Ratio. I personally haven't seen what the ratio currently is right now, but with the post-halving + post-ETF approval market conditions, the ratio would probably more positive than negative during this DIP.


I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.

It doesn't mean you spend only the amount you can afford to lose is you only spend small amounts on your investment. Remember each of us have different financial capabilities and what maybe big to to you is just small amount for other people. And also remember that even if those people will use small amount still they can increase their balances to grow more if they continue to accumulate on certain period of time. But what I can say here is don't spend all your money because you have a huge chance to get burned and always left something for emergency also for your other needs so everything you want to do will became smooth and you are stress free by doing those things. But if you feel comfortable with your plans then be it. Stick on what plans you set but don't expect that all people will follow you since everyone have different risk management and its important to consider such thing to avoid committing mistakes, since we can able to do some counteractions if there's something unexpected came since we have extra funds to spend compare if put all earlier which can possibly give us some bad effects on long run.

But what's important at the end of the day is we have the same goal on our investment. 

For an asset that had price way up above $73k in about a month ago in which, volatility is known to be a part of its natural occurrences and the idea that these prices are beaten from time to time, I think even nee investors with these ideas have little reason to worry about buying, especially when we find price fall below the $60k price index. While knowledge might affect most of our decision making, there is room to ask questions on the forum, even if you wouldn’t be directly asked to buy as, no one wants to be binned by an idea which could be altered by the supposed investor and then look for whom to lay blames on, you’ve got the forum for enquiry, looking up popular/unpopular used strategies and how users hedge against various situations.

This really should make buying Bitcoin much easier than buying some assets out there.

Note: Just a small piece of information I find to be inaccurate at Samlucky O. Bitcoin haven’t hit the $75k price yet. It’s ATH is around $73k. You can verify that and we could as well try to spread the right information, although $75k isn’t far off but, it’s none existent at this time.

This is a very important time to buy Bitcoin for those who are used to buying on the dip. Bitcoin is currently worth $57k+ around $60k. I see an opportunity to buy Bitcoin below $60k. Because, its value is constantly increasing. But it is also a great opportunity for those who deposit Bitcoins with DCA method, because the amount of Bitcoins purchased at $100 a few days ago can be purchased at $100 more than today. That means you will be able to accumulate more bitcoins during this time.

How will you be able to increase the quantity of your stack when your plan is to invest an amount you can afford to lose? It doesn't sound right that you're buying an asset like Bitcoin with the mindset that you might loose your investment in the process and giving you the idea that it's best you invest so small such that if you loose in the process it wouldn't affect you. That mentality is only going to hinder you from attempting to invest above 5% to 10% of your income and that in itself means you're just gambling and don't understand what's the prospect of Bitcoin. Investing into Bitcoin isn't gambling that's a 50/50 thing and that's why Bitcoin entosiast like micro strategy still buys the amount of Bitcoin they are currently buying. Do you think they are buying at such pace and with such amount because they want to loose as high high $13.6B worth of Bitcoin? Once you're talking about investing with the fear of a possible market collapse  then it goes to show you can't invest inti bitcoin for the long run and that any correction you see with look like a threat that will tend to give you the impression of pulling out your asset.

this period is obviously in line with the statement that Everytime is the best time to buy BTC and the DIP is even the better time to buy more. although $57k isn't all that DIP and for most people that are buying there BTC using the DCA methord, it doesn't make a big difference if the market is getting bullish or bearish since you've already set out an amount that will regularly go into your weekly or monthly DCA and would have to continue in your stacking regardless of the market trend but if the resource is available, correction like this presents a perfect opportunity to buy more. But you know that if the amount you're using for your weekly or monthly DCA isn't much, regardless of wether Bitcoin is at $57k or $80k, you aren't really on a big advantage that much since what's really a major factor that determines if you're in profit or that determines if buying at certain DIPs will put you in good profit is that you've bought more BTC at such time.

You have done quite the right thing by buying Bitcoin at that price after seeing the ATH range on Bitcoin this year. This means that you really make quite good decisions and carry them out quite seriously because when you consider Bitcoin it is a very important thing. Of course, it is quite common for you to take advantage of current opportunities which may still be underestimated by some people who don't really know about Bitcoin. Keep buying before Bitcoin returns to $60K this year because ATH on Bitcoin could happen twice this year.

I think what he mean is all of their money since its not really advisable to do since instead of you will be fine even if the market collapsed you will get panic on situation since all of your money is there and get afraid for certain possibilities that you have a chance to lose. Much advisable to invest only the amount you afford to lose since any situation will occur for sure will be tolerable to the investor since this is just the spare money used for investment and they can focus on their goals since there's nothing to worry about on some situations currently happening in the market.

Right now instead of getting panic on the dump people can continue to accumulate since their aim is for long term and not for short term trades. If they got afraid for sure they will be the loser in the long run.

Though it's actually true that the price of Bitcoin can drop even further, considering the market sentiment, but as an investor that we are, I don't really think it's necessary analysing the market before we start buying, because every time is an opportunity to invest in Bitcoin, and as an investor that is accumulating Bitcoin through the DCA accumulating strategy, you are actually going to be the most benefactor because at some point during the accumulate journey, you may buy the lowest part of the deep, and even decide to buy aggressively during that period that the price was very down, as long as it doesn't affect you in financing your your day to day activities, but for those that are waiting only to buy at the deep, they are definitely going to miss a whole lot of buying opportunities, because the kind of deep they may be waiting for may not come again, so it's best to buy now.

And lastly, as a long term investor that we are, it's actually pointless paying too much attention to the price of Bitcoin every now and then, though it's very difficult to do, the best way to hold is for you to focus more on accumulating Bitcoin and stop paying too much attention to your current stash of holding, so that you won't be tempted to temper with it at some point.

Yes your not far from the truth, same way I evaluate how most of the investor is nagging over the dip majority is short time investors because their main objective is to target the bull run coming soon in the first quarter, because anyone who is long time will not advice investor to buy as much as because if one invest all his money in buying why targeting to hold for Long time it will not work because many life challenges is unforseen there is a limit you need advice investor to buy even at the point of dip weather you have saved emergency fund one should not over invest because it will leads to inability to hold for Long time as you will be running out of cash within a short time below your investment period.

The best is to buy what you can afford at this moment and subsequent time you continue correction will not end only on this but will gradually occur untill ATH is attained , a well planned investor can find a way out to be a cumulating gradually instead of using the dip to spend all your money within a short time you sell of why your target is for Long time holding it's unwise planning.

I am not sure if you are saying that correctly... because sometimes for newbies diversification is a kind of security blanket of not really knowing what they are investing into, and so yeah, sure most people don't know, and even people who invest into bitcoin, sometimes do not really know, so even though some of us might say to stop fucking around with shitcoins, there can be a perception that the bitcoiners are biased and we are merely pumping our bags.. .. so there is some kind of need to build some kind of a conviction in regards to the asset in which we are investing, so frequently if there is doubt about bitcoin, then there is going to be receptivity to both the shitcoin talking points, but also shitcoiners will also frequently be pushing the benefits of diversifying just in case bitcoin does not work or that some of the shitcoins might perform better than bitcoin and/or various other talking points, which frequently will sound convincing to a newbie.. including the "need to have an open mind".


I agree.  It is better for people who are starting out with a relatively small amount to build one first before adding anything else, and there likely is no rush to add anything else, but there may be some need to balance cash amounts with the bitcoin amounts in order to figure out levels of aggressiveness in regards to how fast to attempt to accumulate a sizable bitcoin position... and yeah, some folks might not have options to establish a sizable position in less than 5 years and some of them might take closer to 10 years before they start to feel they start to need to diversify... but yeah, a person can become more informed about himself and his preferences to diversify while he is building his bitcoin investment.. and he might not know exactly in advance when he is going to start to feel needs to spread out his investments a bit more.


Sure.. There are going to be questions (or calculations) regarding how much he puts into the investment and then how much the investment grows (if at all).. so the amount of growth in the investment could also affect his decision in regards to how to treat it or whether to reallocate or to let it ride or even whether to put new cash into bitcoin versus perhaps identifying some other place to put new cash in order to feel more comfortable.


Sure you might be learning from reading, but if you are actually actively trying to put the DCA and other money management ideas into action including figuring out your own budget and making sure that you do not overly spend your discretionary income, then you are likely going to learn a lot more by putting these kinds of ideas into practice and seeing how it works for you, and surely some folks should be making sure that they start out with small amounts so that they realize that they are not going to have access to that invested money for 4-10 years or longer, and so as they get used to setting aside such money, then they might start to feel more comfortable to increase the amounts and it might not be as shocking if they have already gotten used to the idea of not dipping into their investment and just continuing to add to it, whether it is currently in profits or not.


Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).

Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.

This was my anticipation yesterday, i was triggered to invest yesterday when the price dip to $56k because to me that was the only time I could buy such dip again since btc has already hit the ATH of $75k and fall below $60k to about $56k I knowby the time it would reach the ATH again or above, my stash would have increased. Btc is so important that any slighted opportunity should not be left unused otherwise the next minute it becomes something of regret.

Bitcoin bounced back to $56500 today creating a substantial opportunity for Bitcoin investors. As Bitcoin broke the $60,000 line and dropped to the $56,000 line, Bitcoin may fall to $50,000, making it a good time to invest for Bitcoin investors. For those who invest using the Dollar Cost Averaging (DCA) method, this is considered a dip market enough to invest in.