Topic: Buy the DIP, and HODL! - page 69. (Read 139033 times)

Yes i totally agree with you that Bitcoin investors do not need received rewards by selling their BTC.
But can only receive rewards by appreciation wealth and continue growing up on Bitcoin accumulating.

OK, but if we put price-points and technical analysis aside and consider Trump's Bitcoin Strategic Reserve/possibly starting other nation-states to do the same, Chad Saylor's bids/also possibly starting other companies to do the same, and BlackRock/other institutions' spot ETF bids during the current cycle - Shouldn't THAT be enough to make us believe that "never going below $100,000 again" is very possible? Or it's not enough?

The reason why some people are always tempted to start selling there Bitcoin as soon as there's an increase in the price of Bitcoin is because they are broke or there's an emergency, if one has a good source of income and a strong emergency, reserves and float funds the temptation to sell when there's a dip will be low.
No long term hodler will just stay without any financial issues and start selling his or her Bitcoin when there's an increase, people that always those that are traders.
If a Long term hodler has no issue that needs financial strength I don't think he or she will be tempted to sell.

This is why the DCA technique is very appropriate to use when investing or raising money in bitcoin. The reason is that in each cycle, bitcoin will continue to experience price increases that exceed the price in the previous cycle. So if someone says that buying Bitcoin must wait until the price drops first, I think this is an incorrect assumption. Because if you have studied the bitcoin cycle well, I think buying bitcoin at any time will not be a problem. Because the price of bitcoin will continue to rise even though there will definitely be a correction first. So if already know this, I think people who are going to invest in bitcoin will no longer have any doubts about buying it.

This is why I always remind people that change is constant, someone might be on the wrong path but when they figure out the truth you'll see them change into something better, Michael Saylor who was once a big criticis in the past but he's now one of biggest holders of Bitcoin, maybe back then he didn't understand the concept of Bitcoin and even related it to gambling, just like most of us who thought it was a scam and ponzi schemes but he saw the potential and embraced it. I bet lots of us here fall under that category but gave in to change. I see people doubting Trumps recent love for Bitcoin and date back to when he was a Bitcoin critics, some even said he only claims to love the coin cause of his political campaign. Well, anyone can think whatever they like but one thing is certain which is change and I'll always remind them that. No sensible person would still continue to hate Bitcoin after they've watched it grow from the price it was in 2013 till this point, it worth jumping into and it's turned into a big asset class therefore lots of investors and business men who hated it would definitely develope love for it out of the bloom.

Since bitcoin price is high now, I know some investors, mostly newbies, who are accumulating bitcoin for the long term will be tempted to cash in their bitcoin holdings now or when bitcoin will achieve the $100k mark with the idea of buying back when it dumps, but I want to use the picture below my post to warn everyone investors who are having such thoughts to remove it from their minds and look at what bitcoin price will be in the next 5 years, and let's continue to hold our bitcoin investment for at least 5-10 years. It is clear that Greg Schoen sold his bitcoin to sort out his daily expenses because the 1700 bitcoins were worth only $510 at that time, so let's always use the money that we will not need for 4-10 years to invest in bitcoin so that we will not sell our bitcoin investment to sort out our daily expenses and end up regretting it in the future like Greg Schoen did.

What happen is good character development changes happen and I can say on other point that Michael Saylor is so smart to take action first before those institutional investors follow since he is the one who can provably harvest all of his accumulation effort done for so many years.

Saylor's actions is one of prime example that if they didn't change their perspective and remain skeptical nothing will happen to them.

Now we see Trump chance his stance towards bitcoin and now he became friendly to bitcoin since provably they see that bitcoin is really good especially on business matters. Holders always win and always good to take action early since if they doubt about bitcoin and continue to be a skeptical dude in the scene for sure there would be more regrets will come to this guy especially that bitcoin awareness also the adoption continues to grow.

The goal is to hold for a long period and keep accumulating more so i wasn’t implying that people reap rewards by selling their bitcoins but rather seeing the price of bitcoin going higher in such way is also a reward for investors as it will help motivate us more to keep hodling to witness a even higher price. Selling will only make you to lose out and buying back might be a little difficult as the price keeps rising because bitcoin is a continuous train that is moving for a long time so selling is not an option.

A lot of people failed to realize this if not by now we would have more rich people around us but Better late than never some realized earlier and invested while there are still people yet to realize. it doesn’t really matter when you realize what you missed out on because it’s not too late to invest and join. Bitcoin might have achieved some milestone this year but no one knows what he will achieve in coming years although the sooner you realize and invest in it the better.

You are right about my answer being wrong and that was because I was using old market cap of 11.5 to 12trilion of Gold and using current bitcoin cap and failed to figure out that the new Market cap was already stated by @wind Fury in his comment to be 17trillion for gold  and 1.9trilion for bitcoin Cap. Padon me, I later realise my mistake but with that being said I already stated that it was an example and of course you can make your own calculations to get the right answer since the formula has been provided. I already stated that the calculation could give approximately the figure expected. meaning it may not be exactly but you can formulate your own table or mathematics to get your own results provided you know what you are doing.  In conclusion, for the mathematical error to be corrected,  I will say bitcoin will growth by 10x and above  to make bitcoin cap complete with gold.


Well If you check from my last comment you will see that we are saying almost thesame thing. Surely bitcoin is performing pretty well compeard to gold checking from the origination of gold vs bitcoin. Although I would not love to be repeating this compearisn as it is adding nothing instead it is becoming repetitive. This was my reply




I guess this is the image of Michael Saylors speach during 2013. But I think he realised his mistake and did the right thing and became a top investor and a role model to many new bitcoin investors. That is actually the type of people we need.

Even Micheal Saylor was once a critics of Bitcoin. Saylor tweeted in 2013, "Bitcoin  days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling." Today his company is biggest holder of Bitcoin and has 1% of total Bitcoin supply. There are countless such stories. I think it's good that people like Saylor quickly changed there mind about Bitcoin and are not getting benefits from Bitcoin. People who embraced Bitcoin in it's early days are now it's biggest beneficiary and those who refused to accept it are now regretting there decision.   

Since you have already searched numerous times and all the answers you got was a no don't you think there is something telling you that you should search no further because you have already gotten yourself into the right investment which is Bitcoin, so actually for me I think is a waste of resources and time to be looking for another investment like Bitcoin when you have not even completed all your investment on Bitcoin so actually what you are doing is like trying to get hold of so many investment but will not be able to accomplish any of them, so I would say that you should stop searching and do the needful on your Bitcoin investment, however I believe you no there is no other investment like Bitcoin so the belief of another investment like Bitcoin exists is like saying that there is a road through the wall.

I have tried to verify this several times but I have failed every time. Is there any asset like Bitcoin where I can buy and hold as much as I can afford? After some searching my answer is "No". I will not say I have tried my best, my search is still on. I have seen some assets where there is a lower limit, but I do not see any lower limit when it comes to buying Bitcoin. The lower limit of Bitcoin may not be zero, but it is within the reach of an investor. You can even buy Bitcoin in small amounts repeatedly without any complications.

But when you look at other assets, you will see lower limits for purchase. Such as: precious metals, commodities, real estate, etc. You will need a good amount of capital to invest in these assets. But with Bitcoin, you can set the capital according to your ability and you can buy and increase the size of your stash depending on your income, which may not be possible with any other asset.

You don't need to have elaborate knowledge about bitcoin before you start investing, Perhaps, since you said you have plans to invest in bitcoin in the future simply means that you are still not yet ready to invest and this is why we talk about people who do procrastinate about time they want to start investing which often lead them to either becoming a nocoiner or a low coiner. If you have a reliable source of income, there is no need to feel the price is too high now because even as we are expecting the price of bitcoin to fall after this bullish trends, you never can tell because things that will cause the price to skyrocket further may come up in that future you are waiting for whereby instead of us to experience a DIP, the price starts increasing more than the price you could have bought with now.

However, it is up to you to decide whether to invest now or wait for the future you want to, which you don't know how long because it can take the price even some years before it becomes bearish and by that time, you might have used up the money you wanted to use and invest in other things. Do not be pressured to invest, make sure you have put in place every necessary measures that will help you while making investment in bitcoin and also do your research very well to figure out if investing now will be better than waiting for the DIP before buying. Good luck to you

Just like you said, it's obvious you don't understand it or have a good idea about Bitcoin and yes it is true that you have missed a lot for nothing investing in Bitcoin before now but that doesn't mean you can't invest again. You said you want to invest for long term but with what you just said about profit I guess you would've sell your Bitcoin if you have invested in Bitcoin and that's a short term investment in other words trading. Secondly waiting for a dump is not the best idea or a strategy per say because it may not dump to the entering point you are waiting for perhaps you should start buying little by little using the dollar cost average ( DCA) strategy if actually you want to invest and don't want to miss another opportunity.
NOTE: don't always wait for dump or Dip rather invest little by little and at same time prepare in case there's Dip.

If you had realized something like this earlier or in the previous few years, I think you could have become the next rich person through Bitcoin investment because in this year alone Bitcoin has been able to print two ATHs and has almost touched the price of $100K this month. So that at least can give a pretty clear picture that Bitcoin is an asset that there is no need to hesitate to hold after buying at any price. And now you can still buy Bitcoin even though the price itself has increased and is quite different from previous months.

Clearly with the way Bitcoin is rallying there's no doubt that anytime from now we'll see it's price hit $100k, and it's not a mere speculation, I believe that it'll happen soonest. This is the bull run and any analyst that is speculating next year before the $100k mark, is probably just being modest because deep down within they know that it's almost happening. Presently Bitcoin is $98,445 so where's any doubts coming from that the millennium price will drag any further before we experience it, so let nobody kill the vibe here. Anyways negative vibes can spread from doubters but it can't change what we're about to experience soon.

I'm very optimistic bro, and I can't wait to tell a couple of friends that thought Bitcoin was a big joke that "I told you so", would love to see their faces when $100k happens. You'd wonder why I'm so perticular about Bitcoin reaching $100k, it's because at the beginning of this year I was telling some friends to buy Bitcoin that I believe that it's price will reach $100k this year, and they all laughed at me, telling me that it won't happen, so I'm looking forward to proving them wrong.

Without meaning to sound boastful, I no longer think, now I know that Bitcoin is the best long term investment asset for me, a store of value that will always give me ROI at every bull run. I have phobia for being broke and not being able to accumulating Bitcoin .

When it comes to bitcoin, investors don't need to reap rewards by selling their BTC as you seem to be implying, although they could reap rewards by appreciating that their wealth has gone up and likely to continue to go up by their choice to ongoingly hold the bitcoin they already accumulated..


Bitcoin is already a superior asset (money) as compared with gold.  About 1,000x superior.  It just might take a while (perhaps 50-200 years) for that to be reflected in the respective market prices.


I never claim to know these kinds of things... because frequently if there are a lot of sales walls at a certain price point, such as $100k, then once the price goes above it, then it could go 15% to 25% or more before it takes a break.

But the 200-WMA is still at $41k, but if the BTC spot price moves up faster then the 200-WMA moves up faster too... so the 200-WMA is usually considered the bottom price, so on bull runs (or bullish periods), the BTC price does not tend to drop within 25% of the 200-WMA, absent some unusual dip situations, and even in the bear market the 200-WMA is not usually breached, but it still can be sometimes.

I had loosely made a prediction that the BTC spot price would not get within 25% of the 200-WMA prior to the end of 2025, and that the BTC ATH price will be higher in 2025 than it is in 2024.   I don't really claim to know specifics beyond that....

Sure maybe we could proclaim that if the BTC spot price goes above $400k (this cycle or whatever), then it becomes much more difficult for it to return to sub-$100k, because $100k would be a 75% correction from $400k.

I know that the numbers seem outrageous, but I would not be prepared to say that the BTC price will never go below a certain point, unless there is some cushion or we might be working with measuring from the 200-WMA or some other parameters, then I might be willing to bet on it once a sufficient enough cushion has been established.

We do have a lot of upward momentum right now, so we likely could proclaim that something like $55k will never be breached again... at least with a certain level of confidence that we might be willing to bet on it.. and perhaps giving some kind of a 1 year or 2 year timeline for the bet.

Agree with you and @JayJuanGee.

If we look at the past of Bitcoin, we can see that even though the price of Bitcoin has been going down, it has been going up again. It has crossed its highest limit again and again in a few years. 

I personally think that even if the price of Bitcoin goes down, it will return to its previous place in a few months.

You don't need much knowledge to start up your bitcoin investment; the basic idea that you have in bitcoin is very much okay for you to start up your bitcoin investment, but you can still learn about bitcoin as you are in your accumulation journey so that it will allow you to have a clear picture of what bitcoin is all about, which will make you be all in on bitcoin and hold it for the long term. As a newbie who wants to start his bitcoin investment, what should be your concern is your finances to know if you will have a discretionary income that will allow you to comfortably invest in bitcoin in just a way that it will not stop you from sorting out your daily expenses, which might get you of the game, partially or permanently. Since you are investing in bitcoin for the long term, there's no need for you to look at the price of bitcoin or try to time the market to buy bitcoin when it dumps because it will delay you from accumulating bitcoin because you are not certain if it will happen today or tomorrow, and there's no better time to invest in bitcoin than when your discretionary income is readily available and you use it right away to invest in bitcoin. Any time you are very much ready to start your bitcoin investment, you can use the DCA strategy to accumulate bitcoin either on a weekly or monthly basis, which will allow you to accumulate bitcoin anytime your discretionary income is readily available because it will allow you to accumulate bitcoin even though the price is increasing or decreasing, which will allow you to take advantage of the market and be more consistent in accumulating bitcoin than someone who is trying to wait for the dip to buy bitcoin.

Your superb and intelligent opinion/shower-thought is needed,

Will the current cycle be the cycle that we see Bitcoin surge above the $100,000 price-point, AND that it will "never" crash below that price-point again?

  🤔

Or do we wait for another bull cycle to happen?