Topic: Buy the DIP, and HODL! - page 81. (Read 129652 times)

Yeah dude, "To the moon" was first heard during the 2017 bull run. While no one can confirm if it actually started in the forum, let’s just assume it did since Bitcointalk is the most popular Bitcoin forum worldwide.

As for "HODL," it was posted by this guy GameKyuubi back in December 2013. I was surprised to find out that he was still active as of July 30, 2024, even though his last post was way back on January 10, 2020.

 🤔

I never thought about that.

Did the phrase "To the moon" and other such phrases also originate in the Bitcoin community? Because if it did, all of them shitcoin "communities" merely copied their culture from the Bitcoin community. Especially when shitcoin "HODLers" behave like a big crash on their "asset" does't affect them. Perhaps they haven't discovered the fact that it's Bitcoin's network effects, true HODLer mentality, and the fact that it's NOT a scam that's making its price come back to previously high levels AND then surges over it in EVERY cycle.

You seem to have taken this conversation to another level. But why would one want to go into a challenge with you when the main reason why we are having a conversation is to learn and grow? No one is perfect, we all have flaws that is why we learn and grow. If you feel your investment strategy works for you then stick to it. No one is against you for not following the DCA strategy or HODL. That doesn't stop other investors who wish to learn it and adapt it to stick to your ways.

Don't forget that Bitcoin investment is a person's race. I don't expect you to make opinions and conclusions for me and you don't expect me either to do the same for you. So why do you think Jayjuangee would want to go on a challenge with you? You don't even know the value of Bitcoin in his portfolio.

No, How long can you wait for a reasonable price and condition if it doesn't come any time soon? Perhaps you do not have any goal in your accumulation. You are just investing without any target in mind. Am not against what you do because it's your investment. Just so you know, and investment without a plan and goal cannot be accounted for. Its your choice of setting your goals or not, but there are several advantages of setting goals in bitcoin which i know for sure will help one accumulate enough Bitcoin in the end. Waiting for the best market condition is a wrong approach. Imagine waiting for Bitcoin at 45k and it took two years to get to 45k would you wait for it when your goals in in one year or two year period.

I don't think it is appropriate to classify bitcoin with altcoins together as cryptocurrency.  Since all altcoins are similar I think the best word that is best to describe it is cryptocurrency and let bitcoin be describe with the word bitcoin,  so that when we mention cryptocurrency we know we are talking altcoins.

 Let's give bitcoin some respect because of it uniqueness and not to categorise it among shitcoins all in the name of digital currency. Since the discussion is about bitcoin here it is better to be specific with the word bitcoin when making some point , and when we talk mention of cryptocurrency we know it is about the altcoin.

Yeah you are right, I see some people trying to bring altcoin discussion here and they do it in such a way it will sound like they are talking about Bitcoin, we should focus on why this thread was created which is accumulating Bitcoin and hodling.
However one can still tell people to focus on Bitcoin and never invest his or her money on shitcoins I think that is allowed since is still talking about Accumulating and hodling Bitcoin and then creating awareness about the scam in shitcoins and how they have destroyed some people's life's.
Also discussing about the different types of Bitcoin accumulation and things needed to start the journey is also allowed.

Let’s be clear....we’re in the Bitcoin thread, and our focus should be on Bitcoin. We use the term "Bitcoin enthusiast," not "crypto enthusiast" or any other label. Bitcoin is the only coin that stands strong for long-term investment. You can’t go wrong when you buy the dip and HODL....or even if you don’t wait for the dip....because Bitcoin will eventually rise over time. That’s its trend, and it’s almost its nature when you closely follow its movement.

When you say HODL, it’s about Bitcoin. Don’t be fooled by scammers trying to promote their altcoins, stealing the word "HODL," because those are purely scams.

Yes.. all altcoins are shitcoins, and they are also off topic in this thread (except to denigrate them) - otherwise we may well devolve into talking about which shitcoin happens to be less shitty, which is a mess...and keeps us away from the topic of the thread, which is complicated enough without having to argue about which shitcoins that various members (including you) consider to be less shitty than other shitcoins. 

So the basic definition is that bitcoin is not a shitcoin, yet anything that is not bitcoin and is building its own token is a shitcoin.  Hopefully that will help you, even though I get the sense that you want to continue to argue your off-topic diversions.

Nonetheless it is worth reiterating that in terms of the topic of this thread, it is better to just stick with bitcoin, and members would likely appreciate that you do not continue to argue about off-topic nonsense, even if there might be some possibility that you could possibly be correct about some altcoin actually not being a shitcoin.

It also seems that even if you had not meant to use the term "crypto", and you had slipped with the use of such term, you seem to be way too sympathetic to embracing shitcoins, and you may well not even understand the difference between bitcoin and shitcoins, that is why you used such term rather than sticking with the use of the term bitcoin, which happens to be the actual topic of this thread, and then now you are wanting to come back and defend shitcoins seems to be making your little slip-up seem to be intentional rather than accidental and/or innocent...

You should realize that using such term (crypto) in an ambiguous way is a kind of pumping of shitcoins to make them seem as if they are similar to bitcoin, which they are not... an overwhelming majority of shitcoins are either affinity scams on bitcoin or they are drafting off of bitcoin's momentum.


So what? That does not make shitcoins relevant to this thread. 

In this thread, we are talking about investing into bitcoin, which largely means accumulating bitcoin through various buying techniques, including that we are not talking about trading here either.  Trading involves selling, and there is no selling in the title of this here thread, and yeah sure we might have selling that comes later down the road of our investment into bitcoin, but this thread is not about further down the road but instead is about ways to accumulate bitcoin through ongoing, persistent and consistent buying, if possible,... which presumes more of an investment approach.. not trading or including fucking around with shitcoins.  Trading and investing are different, and yeah some guys cannot resist but to trade, so frequently I suggest, at least for the purposes of this thread that guys limit their trading to less than 10% of their bitcoin holdings, yet still that does not make trading as part of this thread.. or anything that we should be attempting to discuss here with anything beyond incidentally mentioning it, perhaps.


I think that you got these matters mixed up.... likely backwards. 

King daddy is not following shitcoins but is leading.  So the tail does not wag the dog.  The dog wags the tail, and which asset is the dog?  Guess? I will give you a hint.. .It's not some shitcoin, and yeah if you want to go pump your various shitcoins, there are plenty of other threads to pump them (or create your own thread about all the various shitcoins that you love and believe to be making bitcoin great).. but yeah, maybe you cannot resist continuing to pump shitcoins (or wanting to defend them) and at the same time you end up pushing off topic matters here?   


I am not competing with you, yet I did already set forth some DCA scenarios to suggest the the longer that guys had been DCAing the more likely that no trader in similar financial means would have had beaten the DCA investor.  Sure there are guys who might have been able to beat DCA, yet DCA has given pretty decently good returns to date, and there is nothing really showing that DCA is no longer going to be good for the portfolio or regular peeps.

I give less than two shits if whatever you have done beats my portfolio, which I have already described it several times as having costs of around $1k per BTC, so why would I need to do better than that?  Right now around 64x profits, and in the doldrums of 2022 a mere 16x in profits.  Do I need more profits according to you?


It seems to me that part of EarnOnVictor's problem is that he is spouting out that there is supposedly some better strategy than DCA, but he does not really particularize such strategy in a replicable way including figuring out how to show normies how to follow such a supposed superior strategy in terms of acquiring and/or maintaining their BTC position.

So largely EarnOnVictor seems to be just trolling the thread with bullshit ideas of a supposedly superior strategy, and he does not really describe generally applicable ways how investors are supposed to establish their bitcoin position by using such supposedly superior strategy... Maybe he needs his own thread to describe and promote his supposedly superior BTC accumulation strategy?

Bitcoin doesn't support any kind of deprivation when it comes to investment because is an open investment that disregards any form discrimination from any pattern of investment or accumulation, so no matter the financial capacity of anyone you can never be derived of your opportunity to invest on Bitcoin because there is nothing mandatory kind of thing that somebody must be able to invest a certain amount before they would be allowed, on the contrary that's not how it is on Bitcoin investment because is very easy and doesn't necessarily mean that everybody needs to be financial solvency before investing on Bitcoin, so actually even if you are a low income earners it doesn't prevent you from investing.

Is very wrong for people or rather starters to build this kind of fear in there mindset because it will certainly affect there conviction towards there Bitcoin investment because the moment an investors have the belief that they are not good enough or having the belief that Bitcoin investment is mainly for the rich it becomes a hindrance to there conviction.


I don't understand what you mean by early investors always requires pooling out there investment?, could you help and explain what you meant by that? Because I don't no were you get the idea or theory from because I believe that what you said is contrary to the principal of most of the early investors because you are obviously believing that they normally sell there investment and rebuy again, however I don't really believe on that theory because if I'm not mistaken there are several early investors  who are still holding there investment up till now with no plans of going against there principle now.


JayJuanGee is right because obviously since you don't acknowledge the DCA that has been very helpful to everyone you are certainly implying that People should follow your investment pattern instead since you believe that your strategy is better and smarter, actually there is nothing smart in advising someone into using a method that would possibly results them losing everything all because of trying to outsmart the market.

I disagree with you on Bitcoin making people lazy investor since Bitcoin is structured in such a way that an investor can buy and hodl for a long-term, if I may ask, is Bitcoin not a long-term asset? If yes is your answer then you should know that every investor that has been buying or bought and keep holding for a long-term is abiding by the rules and concept of Bitcoin being a future investment, don't forget that the reason why investors don't bother much once their holdings depreciate is because Bitcoin is a long-term investment and long-term investment benefits don't come immediately, it takes time to come.
When you say investment is not by force it is very funny to me because no one has ever said that investing in Bitcoin is by force as you said, the point people has been making here is straightening people mind in other to use favourable and efficient method to achieve their long-term goals in Bitcoin investment instead of going into something that's capable of ruining them financially if care is not taken.

If you see no harm in making use of DCA method why waiting to see if the market is diving into bearish or bullish side as you said when we already know that DCA method gives us the opportunity to buy at anytime repeatedly as much as we can afford, if you say people should wait until the dip season before they can apply the DCA mehod that's a wrong call and it's capable of misleading newbies towards Bitcoin investment, in as much we can't change people decision, I think it will also be nice to say things the way they ought to be.

It's not about following me, it's about being smart. They also have the choice to weigh their options, and perhaps try the two for a while to choose the most reasonable one through earning results and portfolio safety rather than blindly believing in buying! buying!! buying!!!.

Is it not better to wait to strike the market at a more reasonable price and condition? I see no need to be in a hurry to buy Bitcoin when patience is key in so many market conditions, even as we are carefully observing the right factors rather than disregarding them in the name of buying Bitcoin. We will pay for some desperate/aggressive behaviour in investing if care is not taken.

I can't but smile at this juncture, but for clarity, I handle investment and trading separately and I even have separate charts and theories for them. What I preach here is what works for me in the investing world and I look forward to a day that "You and I" will contest live on this where I vary my investment strategies and you use your common and static approach and see the better one.

This is an open challenge if you don't mind. Long Live Bitcoin!

I guess I may have used the wrong word when emphasizing things, but I’m definitely a Bitcoin holder and consider myself a crypto enthusiast because I’m into the overall success of crypto...which is largely driven by Bitcoin. While we favor Bitcoin over other cryptos, we can’t label all altcoins as "shit coins." I have to admit, without these coins, I wouldn’t be able to trade my Bitcoin or buy more when I decide to hold. I’m talking about exchanges like Binance, which is my favorite, and they have their own coin, BNB. We call Bitcoin the king, and I completely agree. But it wouldn’t be called the king without its "people," which are the other crypto coins (not shit coins).

HODL only works (and applies) to bitcoin.. not to shitcoins. .. so hopefully you are talking about shitcoin and merely just trying to sound smart when you use the term "crypto.".. which in the end makes it seem that you might not know what you are talking about if you either believe HODL applies to shitcoins, or if you believe that you can interchangeably use the term "crypto" within a bitcoin discussion to suggest that bitcoin is the same thing... or more likely the other way around in some kind of implicit suggestion that shitcoins are similar to bitcoin, which they are not.. at least not in the sense of HODL.. which you shouldn't do with shitcoins unless they are a very, very, very small size of your holdings, as compared with your bitcoin stash.


The reason that yours truly (and likely several others here) are suggesting to just buy blindly is because none of us have hardly any clue which direction the BTC price is going to go in the short and/or the medium term and we also have difficulties knowing if the BTC price is at a top, bottom or somewhere in between, so in that regard, we are much more likely to be better off to just buy BTC regularly, consistently and persistently rather than trying to be smarter than we are including  ending up employing waiting strategies that may or may not end up paying off... and also since bitcoin is amongst the best, if not the best of investments currently available, an overwhelming majority of us are likely going to be way better off to continue to accumulate it no matter the price rather than fuckign around trying to figure out which way the BTC price might or might not go..

Surely after several years investing into bitcoin and perhaps learning about bitcoin and perhaps even studying various bitcoin price charts, some of us might begin to become more comfortable to start to be able to deviate away from a more strict persistent and consistent DCA approach.


Are you suggesting to wait right now?


It seems to me that employing a waiting strategy is a form of being static.


We already went over this scenario.  Surely the ones who bought at $68k and then just sat around for 3 years, they would be flat, yet the person who continued buy would likely be around 85% profits (of course, depending on particulars in terms of when such person got in and also if they lump sum invested at the top, too). 


You are suggesting to wait from time to time rather than continuing to buy, which might mot be a very good idea for a newbie who needs to build his bitcoin stash.


You want them to follow you instead?  Then what?  They probably will spend a lot of time waiting rather than buying.


You probably are the one who does not know the power of persistence in investing rather than fucking around with either trading or trying to be smarter than the market.. which does not frequently play out as well as the investor.

What kind of a time line would you like to make in terms of whether you would have had been able to beat an DCA strategy in bitcoin... Anytime greater than 4 years, you are going to have a hard time beating that, and then you end up wasting a lot of time fucking around.. and scared like a little kitten in the corner.

Perhaps like this?




DCA works for a lot of people, including allowing them to be active to ongoingly be investing within their own financial and psychological means, while at the same time, they can study into bitcoin and figure out if they might want to deviate from such strategy.

In the other words, it is better to use DCA as a default means to ongoingly build a position rather than starting out fucking around trying to guess if the bTC price might be going up down or sideways.. when newbies (and even folks 4-6 years into bitcoin) are going to have little clues about that.  I mentioned before that I have been watching bitcoin charts for nearly 11 years, and I hardly have any clues about which way the bTC price might be going in the short to medium term, so why would a newbie be able to know more than me in that regard?


Actually you are correct that big companies and others who use investment managers would likely be better off just DCAing into BTC; however, some folks feel more comfortable using an investment advisor, and some companies are required to use an investment advisor based on custodial requirements, but those folks using investment advisors surely have not been beating bitcoin's performance in the past 6-12 years... especially any bitcoin investors who have been mostly erroring on the side of ongoingly buying BTC and holding (those not trying to trade and/or sell their BTC, except perhaps spend and replace). There are hardly any investment advisors who have been able to beat the performance of a BTC DCAer over the past 6 years or longer.

Although investment strategies have changed, However investments still require the same amount of money as before. If you have the necessary cash flow or fixed source of income before investing, you will be able to continue investing comfortably. But I don't think that DCA is a new strategy for investing because many investors have been successful by using this strategy since long time ago. We may have heard of MicroStrategy Company but they are already among the top Bitcoin holders by investing through DCA. They never hesitate to buy bitcoins if they have the necessary cash regardless of market conditions.

Same is the case with us, if we have cash we should not consider delaying buying bitcoins. By adopting this method now people of all professions can invest, they have the opportunity to invest in this method. It is possible to continue investing relentlessly with the money left over after meeting family expenses regardless of income expenditure.

In as much as I completely agree with you on this, but the  truth remains that buying the dip as to this regards requires certain level of preparedness so as not to use the money that is meant for your other living expenses to buy the dip, I must say that one who doesn't maximize buying the dip but only focus on dcaing which he or she finds comfort does mean such person or investor is a bad one, an investors will only make used of strategy or strategies that suits him or her and that doesn't make one better than the other, it is not a competition. However, I completely gat your point but your choice of words can be very problematic or misleading.

It seems that he misunderstood the meaning of DCA, he needs to be directed to a further level so that he can interpret this strategy correctly. DCA strategy is a straightforward investment method with very high efficiency, investors can divide a certain amount of investment into several different amounts instead of investing it all at once. DCA also offers convenience and investors can invest even with low capital in a certain amount during a specified period. Therefore, the reason many Bitcoin investors apply this strategy is because it is a safe long-term investment method.

Earlier investing usually required pooling some amount of money and after pooling a certain amount of money one could invest with that money but now the strategy of investing has completely changed. Earlier those who earn a lot of money monthly or weekly could invest properly but low income people were deprived of this investment. But now every professional person gets an opportunity to invest in DCA investment strategy. If a day laborer earns five to ten dollars a day and within this amount he can pay his family expenses and still have some money left over to invest in bitcoins. Again in this method there are many students who save tiffin money or tuition and continuously invest in Bitcoin. People who once invest in DCA investment strategy will always want to stick to this investment strategy.

After all, it's all about consideration when in the end we are in a slightly stagnant condition in terms of value or maybe you call it selling time when we can afford to buy why not, because the focus of DCA is certainly not on price benchmarks so in the end regardless of whether it is a smart way or a way that is considered aggressive by some people when we can do it then why not.

Because the benchmark from the beginning we are definitely long-term so when the market is considered bearish or bullish even for short-term measures as long as we are able to buy without any compulsion or intervention from anyone then we just have to buy it without the need to think further.
Not that this is also a reckless act in the end because after all we must have other considerations and our considerations are long-term so that the current price (decrease or increase that occurs in the short term) is not a reference because in the end when bitcoin is in a downward trend we still buy it again.

Instead of waiting too long and the money we will allocate is used for other needs, as long as we can buy where the allocation for bitcoin is already there and ready with all forms of risk that occurs, then why delay the purchase just because it is fixated on the market.

The focus should be changed because by looking at the conditions that occur for most cases in the end trading will only make it more difficult for you to get what is expected even though in the initial phase you may get profit but in the end defeat and liquidation when you cannot make predictions correctly can always happen at any time. So instead of doing more risky things like this it would be better for the focus of trading to be changed to investment in the long term and of course the focus that was originally on shitcoin must also be changed to bitcoin.

That is the most worth it for now, although it may sound as a suggestion that does not mean much but in the end we must have a commitment and priority scale so that we know which one we should do and which one we should stop.
Since the beginning we did not discuss shitcoin for reasons like this so why be forced to be in a condition that makes you uncomfortable just because you want instant.
Achieving financial freedom is not that instant, friend, because there will definitely be a process that we have to do, so start fixing your plans so that you don't regret it more when the losses continue to exist because you are too forced to be in shitcoin and trade in it.

Therefore, I don't want anyone to mix their ideas here, I mean don't let anyone say shitcoin anymore because the discussion could run far and could backfire on beginners. It's better to focus on buying bitcoin to increase our confidence in bitcoin. Bitcoin is far superior in all aspects to be used as a long-term investment.

I don't understand, how do I draw the conclusion you said. But I want to tell you that someone who has focused on investing in bitcoin will not let go of themselves to continue learning about Bitcoin. Moreover, they invest for the long term, of course every week they continue to buy bitcoin. It's not a job but this is a form of follow-up by buying regularly.

I hope you don't get caught up in shitcoin, forget about shitcoin because Bitcoin is number 1 which is the best to buy. Know that many of them have lost a lot in shitcoin, but they are silent, even unable to express it on social media. An argument that misleads many people, if they say that shitcoin can provide comfort for its holders when in fact it is not true.

So just stop it. Don't continue, I'm afraid many beginners will be trapped by what you say. It's better to discuss how far your strategy is in the investment that you have made.

Honestly, my view of you for now is that you are still mixing investment and trading too much so that you confuse yourself from what is happening.

You say as an investor but do trading which is 2 things that are actually different, when we talk about investing then indirectly we don't trade what we invest in so there is no such thing as an investor but trading with the same asset at the same time too.
In addition, our discussion from the beginning is actually talking about how we can invest well in bitcoin and many options are done such as referring to DCA or buy dip hold as stated in the title but this only focuses on bitcoin not other things. So it will not be too relevant when our discussion is about investing but the understanding is misinterpreted to trading because it is like two different paths.