Topic: Buy the DIP, and HODL! - page 78. (Read 139149 times)

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.

I am not sure if the price of Bitcoin has increased due to the election of Donald Trump as President, but the price of Bitcoin has reached ATH many times during the Democrat President Biden and has continued to increase in value. The price continues to increase a lot due to the impact of the US election, which instills hope among investors and can see a buying trend in the expectation of further price increase. Whether it is institutional investment or individual investment, you can carry out the process of depositing Bitcoin in the DCA method regardless of the price, as you should invest yourself as a beginner and advise others and get holdings by depositing in the long term.

The tendency to deposit in any situation, whether the price of Bitcoin increases or decreases, should be in coordination with your strong financial system, such as if you have sufficient discretionary income, you can DCA a part of it and it is recommended to keep a backup fund in place to protect your long-term investment. You should focus on building a large holding in the beginning to get high profits and tend to deposit Bitcoin every week or every month.

NINETY THOUSAND UNITED STATES DOLLARS.

  👀

We KNEW, and we were CONFIDENT that Bitcoin will surge to a SIX DIGIT VALUATION per Bitcoin sooner or later. BUT seeing and actually experiencing it, that it's going to happen SOON is still very UNBELIEVABLE.

Congratulations to the HODLers.

There has been a lot of curiosity among investors about Bitcoin in the Focusing on Donald Trump . Bitcoin is continuously rising and those who have held it so far are hoping to make a high profit. Bitcoin is not just being bought by big companies, now various trading companies are competing for the preference and investment in Bitcoin. This is not limited to individuals, since curiosity about Bitcoin investment has started from individuals to various high circles, so why wait, buy and hold. I think Bitcoin should be invested in the long term because the way it has started to rise, it is expected to cross $100k in a very short time. It is estimated that in 2025, the global environmental situation will be in a good phase, so Bitcoin can reach $200k.

I suppose the main thing is learning, and surely if you had been mostly focusing on accumulating since your forum registration date (in 2016), you would be in a good place right now, yet there are a lot of us who have made several mistakes along the way, and one of the main things is to try to be able to stay in the game and to not get completely knocked out of it.

It can be tempting to sell too much too soon without realizing that is what is happening, and so I continue to be a pretty BIG fan of incrementalism and figuring out ways to engage in incrementalism especially when it comes to selling BTC - yet I also have a bit of a philosophy that it is not even a good idea to start to think about thinking about selling your BTC until you are either sure that you have enough or that you have more than enough, and that can be a bit of a tricky kind of a measure to figure out how much is enough.

One of the frequent problem that guys have is to sell with an anticipation of buying back cheaper, and it seems to me if there is a structuring of sales in such a way that there is no expectation to buy back cheaper, then there is a realization that you cannot start to sell BTC until you are sure that you have enough or more than enough.. so then you would ONLY sell from the part of your stash that is "more than enough." No one is going to help you if you miscalculate whether you have enough or not, and you likely have come to realize that no one is going to save you if you end up selling too many of dee cornz too soon.

Whether or not you fail in Bitcoin investment depends on your risk tolerance level because Bitcoin prices are very variable and unpredictable, which can result in losses if the price continues to fall. It is highly recommended for Beginner Investors to start the DCA strategy when they are financially ready to make long-term investments, they also need to control their emotions in decision making when small corrections occur so as not to damage the initial goal.

Yes, DCA strategy is more effective and reliable because the risk level is lower than the direct buying strategy. When investors use the DCA strategy, they have indirectly spread the risk because when making a purchase, no one can ever guess for sure whether the price will go up or down. When making periodic purchases, investors can obtain Bitcoin at a low price or when the price is high, and when accumulated, they will eventually obtain the average price of Bitcoin.

Mostly don't look at threads like this because all they want to read are the threads that are about price increase of Bitcoin. It's okay, no pressure to them and everyone who's in here and there are happy with the strategies that we've built up in accumulation for ourselves. Those that have done DCA are probably enjoying lying on their beds now without nothing to worry about and are only waiting when they should sell if ever they plan to. But there's no need to think about it if you're for the long term. This is just one of the stops that we have to reach and soon, the world will be surprised and shocked by Bitcoin even more. The patient ones deserve their rewards because we've been into corrections and FUD and yet, everyone who sticked to BTC deserves a congratulations for surviving and reaching this point and even further.

I am one of those that have sold too early on 2021 but then, I've learned from that moment and happy to be with you guys, the moon and the golden hands club. 

You are right, I said it for myself, sorry if you misunderstood, I don't want to confuse your mind because you are investing with your money and you decide.

I just want to express DCA for beginners, while you already understand DCA and I don't want to invite you to buy together with the DCA method.

I do not deny, indeed many investors have their own way of accumulating bitcoin, they buy at their own comfort level.

I just want to tell you I am not inviting you, it's up to you to buy bitcoin in your own way. But I am comfortable with DCA and I understand the DCA strategy from Mr. JJG in this thread, I have been active in this thread for a long time, I know what I am saying. I do not want to mislead beginners with various other methods that they may not understand enough. Therefore you must be able to understand the whole point that I convey.

What I was talking about is wrong approach to Bitcoin investment and not wrong Bitcoin investment strategy, now about the wrong approach I was talking about there are some set of people who really don't have much money to buy enough Bitcoin when ever there's a dip but they keep waiting for a dip to happen and when it those they buy only small amount of Bitcoin and maybe they have waited for a very long time, this is a bad approach why not use the DCA strategy and stop waiting for a dip.
There is some set of people who invest more they are supposed to invest for example they only don't use there discretionary income they also use money meant for taxes and other and necessities to invest in Bitcoin which is also a wrong approach and may make you fail in your Bitcoin investment.
Some newbies who are still new in Bitcoin investment
with zero knowledge about Bitcoin investment decides to go into trading are will going to call it a good approach to Bitcoin investment certainly no, what they should be doing is accumulating and holding to avoid losing money.
There are a lot of wrong approach that may cause someone to fail in his or her Bitcoin investment journey.

Strategy in investing is not a criteria to anyone who is committed to his long term investment. There is nothing like the best strategy as long as long term goals is concerned. Each investor will invest according to how it suite his finance, risk management , and tolerance. As long as the intention is in long term, he can choose to DCA at some point and when he has huge funds that comes in more than regular funds he might decide to buy the dip and lump sum. Anyway it is not recommend that an investor to put in all his salary all at once into Bitcoin in the name of lump sum or buying on dips. These are little mistake beginners make when they want to start their investment. They love to go all in thinking they are far behind holding a good fraction of Bitcoin. However, its not also a good idea to procrastinate in buying Bitcoin because you are expecting a huge funds in the future which you might not be certain of or you are. The thing is that you can buy a little. There is always an entry point that will be more comfortable for us after we have evaluate our discretionary income.

Many have tried and failed, but what surprises me is that people keep investing on them and sometimes I wonder if it's greed or quest for quick money that makes them invest on those shitcoins, I see randomly making research on shitcoins that would make 20X or 100X during a bullrun and I makes me wonder why they can't cancel that energy into investing in a coin that's more safer and less riskier.
 Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose, they feel has same risk factors as shitcoins and therefore tend to risk investing on those shitcoins cause of price, not knowing that the price of Bitcoin is not a barrier when it comes to investing on it.
 There are others who are impatient to embark on Bitcoin investment journey and would channel their energy to shitcoins to take quick profit, such people would learn the hard way, they might lucky to profit from investing on shitcoins on several occasions but on the longrun, they'll definitely regret threading that path, Bitcoin is the surest Cryptocurrency investment and best decision any investor would make.

well, if you want to be intentional about your Bitcoin investment, it's best you make use of a good strategy that has proven to have worked overtime and is still currently in use by investors that have the capacity of accumilating far more Bitcoin than you can ever accumulate.

Even though choosing to make use of any investment strategy can still work for you, it's good we know that doing critical analysis of the rest of the other strategy other than the DCA method gives an impression that you're trying to time the market before investing. Iether you're doing lump sum or you're attempting to buy the DIP or even selling to buy back, one thing is always certain, you're going to attempt buying at the best price so you can make more profit which is same as timing the market and we already know the effect of that in slowing down your investment plan.

DCA helps you experience all the different market condition and even if you're to invest for ten years, it helps you achieve such feet while doing other project because your DCA amount allows you to live your normal life while still investing. In terms of possibility of experiencing failure while attempting to use all the investment strategy, the one that helps you experience less potential loss still remains the DCA method.

It is high time for people to understand shitcoins are not investment because the outcome can not be predicted. Investment is what you are sure of the outcome, something that is reliable to invest and that's what bitcoin is. Investing in shitcoin is not healthy for anyone because you won't be able to have peace of mind because the investment is not certain what the result would be like. Bitcoin is the real investment because profits are always certain for investors who take their time to hodl bitcoin as longterm investment.
Shitcoin is never an investment it is just a risky game that should never be taking serious because their is no point taking what is not reliable as a serious investment.

Yeah what you said is true none of the strategy is wrong in accumulating bitcoin and investor just have to figure out the strategies that will best work for him as per his discretionary income .is either he is dcaing , lumpsum buying, buying the dips but selling and waiting is not one of the strategy in accumulating bitcoin.so for newbie investors with low discretionary which can't afford to start with lumpsum buying or waiting for a desire dip while missing market opportunities, they can start with dca strategy and they can combine all the strategy when an extra cash arises as they continue with there bitcoin accumulation through the dca strategy so instead of waiting and be missing opportunities morespecially for no coiner , with low income they can start with dca strategy but not that other strategy is wrong.so the main aim of any investor should be to focus on reaching there accumulation target and holding for a longer time and not the strategy used.

Of course new investors should read a few pages of posts in this thread. But if they read the first few pages of posts, it might be confusing for them because the thread originally started with the title "Buy Every Dip". However, from page 24 onward, this thread was changed to the title "Buy the Dip and Hodl", through this post

I don't think newbies need to read the thread extensively to participate in the thread, In the beginning they should just refer to this post that @JayJuanGee did a long time ago basically this post mentions the essence of dollar cost averaging investment method if he understands it well in the beginning.


https://bitcointalksearch.org/topic/m.55322413

As long as bitcoin investment is concerned, there is no wrong strategy for accumulating bitcoin for long-term profit. Even though you use the lump sum strategy, the DCA strategy, and buying the dip strategy, you will not fail in your bitcoin investment. The main reason why we always advise newbies to make use of the DCA strategy is that not every investor has enough money to lump sum, and buying the dip strategy will delay newbies accumulation journey because they are not certain if a dip will happen today or tomorrow, but with the DCA strategy they are open to consistently accumulate bitcoin either on a monthly or weekly basis even if bitcoin is increasing or decreasing, which will be more effective to them than buying the dip. The thing that can make you fail in your bitcoin investment is when you invest all your money in bitcoin and fail to make provisions for your emergency funds with the idea of getting rich soon.