Topic: Buy the DIP, and HODL! - page 77. (Read 139081 times)

Accumulating bitcoin with the DCA strategy doesn't necessarily mean one has a shitty source of income; even the rich utilize the DCA strategy when they are investing in bitcoin for the long term. The main reason why most people adopt the DCA strategy is because it helps to control emotions.

Even though you are not concerned about accumulating bitcoin when a dip happens, there is nothing to be worried about because the DCA strategy gets you covered. Since the DCA strategy allows investors to accumulate bitcoin right away when their discretionary income is available without waiting for bitcoin to drop, it also allows investors to accumulate bitcoin even when there is a dip because their weekly or monthly discretionary income can be readily available when a dip happens.

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

Buddy am very happy that you retraced your step due to the information you got on this particular thread, some person don't read in between lines here, they concentrate mainly on what the topic is saying which may be deceitful without knowing the detailed discussion in the thread, though your previous loss may be as a result of lack of information, understanding or inability to understand that Bitcoin is a long-term investment that has to do with gradual process not a kind of quick money making venture though I wouldnt really blame you much it may be because of your mindset before you started, Bitcoin is not gambling stuff, it's also good that you have tasted that trading part and i believe as it stands now you can differentiate which is better between bitcoin investment in a long-term and trading which is seen as a short-term investment.
The best decision you have taken is distancing your self as you said from unrealistic goal that's capable of running your investment plans, you advised yourself wisely by taking the path that will secure your future as a bitcoiner, I somuch believe that you have started doing the needful by now and hope to see you at the top in the future.

Yes the thread is extremely needful and helpful at the same time and our mentor @JayjuanGee has been doing the best he could to always straighten out heads when we want to make mistakes in Bitcoin investment, as for the thread, It will definitely continue because many people are topping into Bitcoin investment and I believe such perons will be needing the advise of all that have undertood the concept of Bitcoin investment to enable them do the right thing.

There can be periods of time in which any of us might feel that our bitcoin holdings are stagnant and they are not making any progress, and surely there tends to be value in keeping on stacking and building your BTC portfolio during those times, and surely, even if there might have had been several mistakes to just keep ticking away at ways to make progress in regards to continuing to build your BTC stack until you get it to where you want it to be.

I don't have any exact techniques to stop guys from trading and/or wanting to gamble with their BTC, and during times like this guys may well end up selling large portions of their BTC stash, but then later never ever able to get to the quantity of BTC that they had held previously...and even though many folks might try to warn guys not to sell, there is no way to stop guys from doing dumb things.. and they end up with less BTC than they otherwise would have had or should have had.


Yep.. and it may even take a few cycles before you really start to feel that you have a decently large stash of BTC... so it can take patience, too, which includes not overly spending from your stash, once you do start to feel that you are justified in starting to spend from your BTC stash.


Generally, I recommend to not allow shitcoins and/or trading to constitute more than 10% of your bitcoin stash, and you are the one who has to figure out how to make sure that you limit your involvement in those kinds of behaviors or involvement in those kinds of projects.  The more BTC that you accumulate, then it probably becomes more logical how to manage it, so you should be putting your own systems into place, whether you might start to withdraw from your bitcoin or perhaps wait another cycle before starting to withdraw from your bitcoin.  Sometimes you have to be careful to not be withdrawing from your bitcoin too soon or in a way that overly depreciates its value.  The idea is that you want to your bitcoin to be growing faster than you spend it, and if you don't have enough income coming from your bitcoin, then probably you don't have enough bitcoin yet and you should be continuing to build your bitcoin rather than trying to live off of it.


I doubt that it is a good idea to be cash broke, since if any shortfalls in your cash come such as drying up of your income or increase in your expenses, you need to be able to cover all of those expenses from your cash so you never have to touch your BTC, except completely at a time of your own choosing, which may well be 4-10 years or longer down the road... and if you had problems in the past, then you may well need to be putting stronger systems in place to make sure that you are not going to be tempted to touch your bitcoin until many years down the road, perhaps 15 years or more.

Sometimes I really think the name of the thread should be Buy and HODL, but we cannot dictate since I guess this is been discuss and people still want to retain the original name of the thread. Although it doesn't give much an impact to what people look at or intention on this thread since many people still discuss about HODL and I think its still serve its purpose.

DCA is really newbie friendly strategy that's why instead if look forward to buy on dips just like what other people think and wait, best to execute DCA strategy then be consistent on their accumulation. For sure if they stay in this thread they can learn a lot since to many good pointers that can help people to determine the ideal methods and certain things to do to make everything works well for them.

Honestly there is no need giving or paying much attention to these things, so that we don't deviate from the original intent of this topic.
Let's try our best to see how we can limit our discussion on the purpose by which this thread was created for.

That's why I said we invest in bitcoin need an approach with seniors who were earlier involved in bitcoin, so that their history becomes an important guideline for us beginners to invest correctly without making mistakes again.

I got a lot of important input that has been explained by Mr. JJG in this thread, I always remember the important points as a guideline in the investments I make. I also don't want to compare other people's mistakes, even though each of us may have made mistakes but the awareness to fix them is an important point in the next investment.

Now the price of bitcoin is $92k almost reaching $100k. Whoever manages to Hold it is the one who succeeds. Of course, I agree with you that we must implement long-term investments, maybe in the next 20 years with a large target, the investment we make will be continued by our children or those who will enjoy the results.

I believe alot of folks made same mistake while some where not even into Bitcoin then. But the past is the past now alot of folks are already regretting because they have no stashes now , but look on the bright side you can't repeat such mistake again , because now you have fully seen the beauty and potential of bitcoin.

Like for me I have gotten to some good point in ma accumulation some point didn't believe I could reach such speed but I still have a long way to go though that's why I keep thriving. But my hardwork literally paying so is encouraging, that's why despite the recent increase in price I can't stop my DCAing even when there's dip I will still purchase it .

Before I came to know about this thread I used to focus on trading Bitcoin rather than holding but it brought me loss rather than profit. I was very upset. Because I was short of money at that time. But I was able to completely distance myself from Bitcoin trading when I realized that holding Bitcoins is needed. Moreover, I have also realized the suggestion of using DCA strategy for those who cannot afford to deposit bitcoins or whose financial situation is not so good. DCA is not only for an ordinary investor but anyone can hold bitcoins following this method. I also got a better idea about DCA through this thread. Many may only look for dips but what I realize is that as my accumulation increases I will be ahead of my expectations.

I believe this thread is 600 pages long and will be more. This thread is very helpful for getting success from Bitcoin. Those who will positively consider the suggestions in this thread I think will definitely be able to become profitable with Bitcoin.

The initial focus is still on hodl but for the buy dip, it is actually just an option that is discussed in this thread because after all, as time goes by, we can even see the development of discussions that every day have a lot of material such as good financial management in order to invest properly, investment strategies that include DCA or buy dip etc. So in this case, even though the thread with the title does lead to buy dip hodl, it does not mean that we are now not buying bitcoin even though we still prioritize hodl because in the end buy dip is only one of the options for us to buy bitcoin at this time.

What needs to be emphasized is that part of the investment and hodl which of course must be done so in this case I think whether it talks about buy dip or other strategies in collecting bitcoin already it will not be too big a problem but the challenge is clear how strong we survive because for prices like this sometimes it becomes a vulnerable situation for some people to release their assets.

That's positive to me. I get the idea that it's a matter that I have to take so that it pushes me more or gives me more encouragement to do better and be like each and everyone of you. Although I know that there's a huge gap and it's like me a cub following the leader and I am part of the group.   

I am even thinking of something great at my position but I just can't forget the bad decisions I've made in the past. But I know more people that did more bad than me so that's no reason for me not to be grateful with my status.

That's realization but what I can say of myself is that I won't trade off some of my BTC for personal stuff and pleasures only or even other short term things. Thanks for the wisdom, it's about managing now that's word. It's not only about decisions, accumulation but also that magic word you've said, how to manage it and it covers everything, selling, holding, emotions, buying, etc.

I am now following that. I do agree about going on with shitcoins and even though I hold some of them but they're not of greater part of my BTC holdings. And it's just like playing around with some spare that I can afford to lose although that's in my case. While there have been a lot of people driving others to invest into altcoins, I always prioritize telling mostly my friends if being asked what to invest on this market, as a starter it's always been the best with Bitcoin and that's no brainer. Even at these prices, I am one of those that keeps on accumulating even with the little that I have, I am cash broke.

Personally, I tend to believe that it is better to attempt to compare yourself to other versions of yourself rather than picking some other timeline, and surely many of us likely inevitably make several mistakes along the way, yet if we try to learn from our mistakes we are likely in a better position to tweak our practices to make our practices more solid, whether we are still accumulating bitcoin or maybe at some point we end up transitioning into more of a maintenance rather than accumulation state.  Surely I would not proclaim that transitioning from early accumulation to maintenance is a clear line since there can be levels within accumulation and also levels within maintenance.. and surely later we might be unclear whether to call our later stages liquidation or merely a form of maintenance that is done through a kind of sustainable withdrawal...so we never really plan to get out of bitcoin once we largely established our position we might transition into variations of our maintenance state.


I doubt that there is any right time for selling, especially for guys who consider bitcoin as a long term investment.  Sure there are ways that we can shave off part of bitcoin based on price and/or based on time, yet I doubt that it is really to think about your bitcoin as being something to sell rather than something to figure out ways to manage.

But, yeah of course, you are free to think about your bitcoin however you like and do with it whatever you like, even if you choose to do dumb stuff with it, such as trying to trade it... or selling it in order to buy some short term fiat pleasures... so you may need to continue to study bitcoin so that you can figure out some kind of plan that might not cause you to get completely out of bitcoin, absent that you are on your deathbed or some other contingency that might inspire to sell from principle rather than selling from profits... but yeah, there are a lot of guys who have difficulties figuring out how to value and to manage their BTC in order to make sure that they are more empowered by it rather than just merely considering short-term fiat gainz.


Hopefully you can figure out something that is reasonable and fits your situation, and of course, I have been trying to write on the topics of bitcoin investment ideas and sustainable withdrawal ideas, yet one of the things that I frequently need to emphasize is that guys should be focusing on accumulation through various ways of buying prior to getting into selling practices or trading or even getting involved in shitcoins.  So, I personally think that there can be quite a few ways to both buttress your knowledge and also to tailor your BTC approach so that you are more empowered by your BTC management practices rather than ending up with way fewer BTC than you otherwise would have had, and so sure I have n problem with the idea that your BTC is likely to shrink in quantity with the passage of time, once you enter into withdrawing (selling it), yet there are ways to manage that, and there are ways to continue to buy bitcoin so that you get your bitcoin number up without fucking around with selling which is like gambling and it is not going to really help you to get your bitcoin quantity up.. so from my point of view you gotta get your bitcoin quantity up prior to starting to even think about selling any of it beyond engaging in sell and replace practices.  And, yeah, I agree it can be difficult to figure out these kinds of ways of thinking about your bitcoin and bitcoin accumulation and management practices that compliment solid ways of thinking about your bitcoin.

I have accumulated but compared to you and the others who have been too early on accumulation, it's incomparable. But I can say that this is going to be a life changing thing if ever the right time of selling for me happens again. It is true that it is about learning, how many bull runs were there already that happened in my life and I've sold some amounts that truly are huge if the present value today will be on those sold Bitcoins that I have made before. But you're right about it, figuring it out and thinking if I have more than enough to sell is going to be hard. I'll make sure this time that I make the right decision.

Even though this thread title is about buying the dip and hold, that doesn't mean you should be focused on accumulating bitcoin in a dip, which will delay your bitcoin accumulation journey because you are not certain when a dip will happen. Since you are just starting to accumulate bitcoin newly, it will be better if you are more concerned with accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin right away whenever your discretionary income is readily available. The DCA strategy will allow you not to time the market to accumulate bitcoin when the price drops, which will be an advantage to you because you will be accumulating bitcoin even if the price is increasing or decreasing.

Surely I don't know the angle at which your point is focused on, Trump win and the impact of US election what is the difference? Even as politics may not have much effect or Total control on bitcoin growth, but somehow Trump's win increase the chance of bitcoin reaching new ATH. Bitcoin growth is determined by demand as supply as one of the factors of its growth, so There has been speculation souranding Trumps, that he will make bitcoin a federal reserve asset like gold. This has driven more people to invest in bitcoin after his win over Kamala Harris. So in which ever way many investors have started bitcoin adoption because of that speculation. So we can not totally say that Trump win has nothing to do with bitcoin growth. Many investors need a strong conviction to invest in bitcoin and when there role model says anything positive about bitcoin it increases the numbers of investors. If for example Elon Musk says anything positive about bitcoin or plans to invest in bitcoin, many people will adopt bitcoin so bitcoin grow act according to massive adoption of HODLers who buy and make it relatively scarce not like some traders who buy and sell too quickly.

So surely even as we instigate the propelling force behind bitcoin growth we shou be more concerned to accumulate more bitcoin to our portfolio and hope for better days ahead as any force propelling Bitcoin growth should be to our favour and not for agumentative propose.

This thread have indeed been very helpful to many people and me in particular. The knowledge I gained following this thread is the reason I now have a bitcoin portfolio that gives me joy whenever I look at it as it has become and important source of motivation and a source of hope for me when I look at how the future will look like. Before now I always get scared whenever I think about the future because the uncertainties were just too much. This is because conventional jobs are failing people at an alarming rate in my country due to inflation. With bitcoin investment, the future is looking so secured because bitcoin continue to get better as time goes unlike fiat that gets bad as time goes. We have a wonderful privilege to be invested in bitcoin and those still not investing should start asap not considering the current price because bitcoin have the potential of doing far better than we have seen.

Bitcoin would not help you recover loss because it is neither gambling nor ponzi scheme, your mess with shitcoins stays with you and the funds expended from stupid involvement with it has been lost forever. Bitcoin is a profitable investment on a long-term plan and getting involved with bitcoin with the motive of recovering loss is a trader activity and you might still be disappointed by its volatility. Bitcoin is different, you invest with your discretionary income, employ an accumulation strategy or more than one, have an accumulation target in mind and go on to the long term profitable investment journey in bitcoin.

Anybody relating bitcoin to shitcoins is merely fucking around, if you do your research on bitcoin history you would see its potential to the fullest. It haas a history of profitability by great margin and no shitcoin dares come close to that kind of proven record. Looking at the price of bitcoin before investing in it is a sign a trader and not an investor. A real bitcoin investor would not worry about momentary pricing since he is going for a long term, but jump right in wherever he meets it and starts accumulating bitcoin. Some people have gambled with the prices and succeeded; some regretted it too. There is no guarantee that you would be lucky waiting for a favorable price to start accumulating bitcoin. It is a good practice to Immediately start your DCA with bitcoin while saving some part of your discretionary income in anticipation of your favorable price if you so much believe in it, maybe if it comes you can lump sum, else you can increase your accumulation amounts and buy more bitcoin.

Why waste your time with unnecessarily fucking around with shitcoins when you got bitcoin? surely it is like choosing to be foolish when you can be wise. Fucking around with shitcoins can get you few good profits, but just like gambling you would enter a pump and dump scheme soonest and incur heavy losses and loose it all, even down to your capital. It is better you channel your energy into bitcoin with a long-term plan (4 -10 years or more) to secure your financial future.

This thread was first created on 17th April 2019, already this thread has passed almost four years and seven months and today reached 600 pages which is a unique milestone. Since this thread was created many inexperienced investors here have become experienced in their bitcoin investments. In particular the main content of this thread is to discuss the Dollar Cost Averaging method and how a newbie can start Bitcoin investing with little knowledge.
Not just buying dips and holding, the most important aspect here is to regularly buy bitcoins and hold them for long periods ie buy and hold bitcoins whenever there is an opportunity in the market. Increase investment related experience by being active in this thread.

Congratulations in advance to all investors and HODLers in this thread on Bitcoin price touching $100k (touching soon).

This thread is now on its 600 page

It has been nice gathering some good knowledge from this thread.

Bought the Dips and Hodl, and still hodling and will celebrate at 100kish price.

Y'all don't forget the concept of the thread be a hodler

The way how bitcoin move at the moment that six digit valuation is really possible to happen. Now I also congratulate those people who have long patience to wait for that event to happen and we are close to that figure to come.

There's no doubt that holders always gaining from bitcoin and we don't see any disappointment feeling as the positive growth still continue. Looking forward to hit another milestone next year and provably Bitcoin will became more huge especially when Trump successfully take over the position and create something that can help bitcoin to rise its popularity and demand.

Keep hodling  and more nice development to come for bitcoin in future that will provably benefits us holders.