Topic: Buy the DIP, and HODL! - page 89. (Read 121959 times)

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.

Waiting for the dip only to buy Bitcoin comes with a lot of obvious disadvantages. For example, you may be targeting to buy the dip only and miss out actually buying Bitcoin if the level of dip you're expecting doesn't occur because you can't predict the extent of the volatility of the price of Bitcoin. You also subject yourself to unnecessary emotional stress while constantly checking for the dip or if your buy orders have executed.

You can also never predict the perfect dip as prices may continue to dip even after your dip has reached and you have purchased Bitcoin giving you significant loses as compared to the person who uses DCA strategy who continues to buy the new dip.
Also focusing on short term price fluctuations may give you short sight and deprive you of focusing on bitcoin's long-term growth and development potential.


While buying the dip is also a good accumulation strategy, employing only it is what I term foolish because a lot of opportunities can be missed and we all know that money comes and goes, it can even go into things of less importance if not used correctly, worse still if kept in the bank, it continues to depreciate, so why would you just keep the funds stagnant, gambling with the dip when you can put it into proper use by purchasing periodically as the discretionary funds presents itself.

It's also evident that when you've much money in your account, you tend to be lazier to hustling for more, but when you're aware that the funds have gone into something meaningful like DCA in Bitcoin and it's not coming out anytime soon, it gives you this motivation to hustle move to get more funds available for you to maintain your level of living.

Finally, DCA helps reduce the impact of volatility as you purchase regularly at fixed intervals over time, this helps also to relieve the investor the pressure of losing lots of money at the same time.

that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.

That's especially true currently now that the Bitcoin Spot ETF is open and available for institutions to enter/exit to and from Bitcoin positions. It may have changed the "cycles". Because if we were to base the current point of the cycle today from the last cycle, today would be a time during 2020 which were not testing the previous all time high.


That's true, but Bitcoin may still have more upside than most investments you could find in legacy markets.

In the Bitcoin market of investment, short term goal is usually for the week investors with FOMO or little dreamers who chases little profits and not being, aware, it becomes devastated that they are disappointed in that short while and they are blindfolded to take advantage by buying more and holde during when the market is Dipped.

Long term investors will always stand on the safe side enlarging their Bitcoins values in a gradual increase of the market, having enough to time to balance their emotions in eliminating of FOMO and then buying more and hodl while unpanick. There then they stand better chances to multiply their targets as a course of holding patiently as said, patient is virtue.

Thanks for the tips! With DCA, as I understood, the factor of the volatility of the market can be minimized a bit, and I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.

Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

Sure there has always been various levels of propaganda and even trying to convince folks that the top is in and there might be some needs to take profits, or to get distracted into shitcoins, yet since we are not really talking about those kinds of selling practices or trading or shitcoins directly, then we are focused on the topic of this thread which relates to our own accumulation of BTC through the years, and surely there are guys who might have had been accumulating bitcoin aggressively since the beginning of their involvement on the forum and there might be other guys who made mistakes along the way and maybe realized that they needed to be more focused on BTC accumulation.

Even if we go with your forum registration Taskford, we might consider there are a variety of places that you could have had gotten in the past 8.5-ish years, and even if you had been accumulating only $50 per week of bitcoin, you would have invested around $22k and you would have had accumulated more than 7 BTC, and so sometimes there can be questions what to do if you were to have that quantity of BTC, you might want to continue to focus on accumulating, or your might just choose to hold for a bit of time, and it can be difficult to answer the question for someone else, even though many times we can see that a certain amount of passage of time of continuous BTC accumulation could put someone into a position of rethinking his focus on BTC accumulation and potentially transitioning into other strategies that are not so BTC accumulation specific.

Also, even though I might suggest to get more focused on accumulation if you don't quite have enough BTC, I recognize that there could be scenarios in which some guys might start to either feel that they have enough or maybe instead of buying bitcoin every week and no matter what, they might start to just buy on dips, which works out as an o.k. strategy for a guy who already has a decent quantity of bitcoin, but might not work very well as a strategy for someone who is earlier in his BTC accumulation journey.


That does not sound right.

One of the things with bitcoin is to get started right away, so that expression does not seem right.


I have heard another expression:

"there's a time for everything"

but that is a different idea... and it comes from the bible and has to do with everything has its phase or season.. ..

>>>>"For everything there is a season, and a time for every matter under heaven: 2a time to be born, and a time to die; a time to plant, and a time to pluck up what is planted; 3a time to kill, and a time to heal; a time to break down, and a time to build up; 4a time to weep, and a time to laugh; a time to mourn, and a time to dance; 5a time to throw away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; 6a time to seek, and a time to lose; a time to keep, and a time to throw away; 7a time to tear, and a time to sew; a time to keep silence, and a time to speak; 8a time to love, and a time to hate; a time for war, and a time for peace" (Ecclesiastes 3:1-8)."<<<<

https://www.unity.org/bible-interpretations/ecclesiastes-31-8-everything-there-season-and-time-every-matter-under-1


but does not really seem to apply very well to the idea of investing into bitcoin unless you were wanting to say that in the beginning of bitcoin there is a time to accumulate it, and you accumulate your bitcoin until you reach your status of high enough accumulation where you are no longer accumulating it.

Due to the fact that most newbies in this space motive is to get rich quick through this space which lead to them lacking the ability to be patient. Just imagine someone coming out with a shit project ( shitcoins) hyping it that a day will come the coin  will surpass bitcoin blahblahblah , Due to such hype alot of folks will be lured to invest in it , without knowing that the true purpose of that shit project is to pump and dump ( without any hope of recovery) and those that invest on it will lose their hard earn cash .

I have head of stories like how someone invested a certain amount in a shitcoin and endup with massive loss and this kind of stuff is common in this space. Like the one I heard recently a guy bought a particular shitcoin worth $200 and the coin experience a massive drop in price and now the guy funds in his portfolio is around $50 just imagine , you can. Clearly see the waste of resources for instance he invest that same money in bitcoin that would have cover a nice quantities of bitcoin in his DCAing.


Well most of them easily forget that you have to build a nice bitcoin stashes before thinking of taken profit, because if you are still at the accumulating phase and you are taken profit each time you need some funds to cover a certain expenses, you will only endup Messing with your Bitcoin investment big time . Just as they say there's time for everything, so there's time to focus on accumulation which is now and there's time to start considering taken profit which when you have gotten to your accummulation goal.

Well  some motive I see from those bears who spread fud about the market is either they have bad agenda towards bitcoin since they want to promote something like their shitcoins created and we know this attack exist especially when there's a dump happening since those people use this scenario just to scare people and insert their motive to make it looks like their coin is more better than  bitcoin.

Other scenario is also there are people install fear to the minds of no coiner since they want to create massive sell offs since this will benefit them to the extent that once the market dump more they could buy more cheaper bitcoins and with that they can earn lots of money when bitcoin price recovers.

So I'm really looking forward that when situations like market dumping is happening lots of people would able to see that there's nothing to fear in this situation and people will look at it as opportunity. The also they could able to ignore anything negative they could read anywhere then focus to build wealth on bitcoin by accumulating more. Although we assume about the those things what really caught up my interest is to read the different sentiments of people when there's a bearish situation occur.

I don’t think we should be talking about selling or taking profit now, clearly we are still at the accumulation stage we need to keep buying and keep Hodling. We all should have a drafted investment plan which should be followed strictly no matter the circumstances we face, we have witnessed numerous dips but what makes us good investors is the ability to withstand any downturn and Hodl no matter what until you aim is achieved.

Trying to wait for the dip will make lots of investors to miss out on the opportunity to buy at low prices because some investors might be tempted to wait a little longer for more dips there by missing out on the chance if bitcoin eventually rise instead of more dips. Take your chances when you can for those that invest  at every dip and hodl but as for me i think DCA strategy is the strategy for me, that way there is no missing any opportunity.

I never claim to know, either, yet intuitively there always seems to be a motive from the bears to try to push the BTC price as low as they can and to keep it as low as they can for as long as they can, yet there are various times when they are not able to achieve their objectives, and the BTC price goes up and gets out of hand to such an extent that it has to get to some kind of a pausing place in order that the bears can resume their mission of pushing the BTC price down... Kind of a simplistic explanation, and surely we have forces on both sides... and some might refer to BTC price dynamics as a sign of a kind of underlying war or a battle.. and yeah, there is likely some truth to that, including that those of us who have been accumulating BTC or continue to hold and/or accumulate BTC are the beneficiaries of a wealth transfer battle that no coiners likely would prefer not to happen.. so there are likely some forces within the representation of no coiners who would rather get your coins rather than you benefiting from the ongoing wealth transfer that is happening from the no coiners to the coiners.

Discussions of shitcoins in this thread may seem out of place but it is good such is mentioned so that clarifications can be made. Recall that a lot of people have been using crypto to describe even Bitcoin together with the various shitcoins, if these clarifications are not made, some people might think that buying the dip and HODL will apply to shitcoins too without knowing that shitcoins should be avoided because they do not grow in value with time but die with time.

Those of us that have invested in shitcoins before and learnt the hard way knows that the founders of those shitcoins uses fancy words too in marketing their garbage. So the discussions of shitcoin have further add direction to the general discussion here and through that many people have learnt, from the experience of others, that shitcoins should be avoided and the various approaches being discussed here such as the DCA method and buying the dips do not apply to shitcoins.

Although, that wasn't really my message from the post but it's fine you addressed that incase any other person or users sees it that way, it was just my view toward the short crash mentioned by wind fury you know, just some thoughts that some folks might actually be doing that(still a speculation) but nevertheless it's worth mentioning ..
i think this is just a sub probably those trapped in the FUD along the way but's still hard to determine what's happening below the $60k (in my view)...

You are still off topic in regards to this thread if you talking about selling and buying back BTC as a way to make profits... or maybe buying bitcoin at lower prices and then sell them on the way up in order to make dollar profits (which may or may not be a great place to hold value).  Getting bogged down into talking about making dollar profits would also be off topic for this thread.. especially if we were to be referring to dollar profits in regards to short-term considerations versus the kinds of profits that might end up being part of our BTC holdings 4-10 years or longer down the road when we might transition out of our BTC accumulation stage and get to some point in which we are considering withdrawing some BTC in terms of price based or time based withdrawal methods, which is also largely getting ahead of the main BTC accumulation ideas of this thread.

We are talking about ways to accumulate BTC with a presumption of holding the BTC for the longer term and potentially being powered by our decision and practices to accumulate bitcoin, so if you are thinking that selling BTC and buying back cheaper is a solid practice for accumulating bitcoin, then you are talking about topics outside of the topic of this thread.

Of course there are two angles to Wind_FURY's above questions.  First is why are people selling below $60k?  and then the Second seems to be asking how low the BTC price is going to go in order for any of us to potentially take advantage of buying BTC at lower prices.

Surely guys here employ a variety of techniques to accumulate bitcoin without necessarily resorting to selling, yet there still can be some relevancy in terms of asking why already BTC holders are selling their BTC, even while we realize that basically there are always going to be sellers for any buyers, and the ONLY way that the BTC price ultimately goes up is that there are more buyers than sellers - so surely some folks might be selling from time to time who already reached their BTC accumulation goals, and others might be selling to attempt to get the BTC price to go lower, and surely many of us can also be skeptical in regards to whether there might be ways for exchanges to allow to sell coins that do not exist, which is also known as rehypothecation or fractional reserve banking in which sometimes exchanges (or other third parties) do not have as many bitcoin as they are claiming to have, which can also be problematic for BTC price movements by suppressing the BTC price by more than it should otherwise be suppressed.  That is another reason to NOT keep so many of your BTC on exchanges if you might need to withdraw some (or all) of your BTC from time to time to both make sure that you are able to, but also sometimes it is better to just keep your holdings under your own control.. and even better if we were able to develop systems (and a kind of culture and practice) to be able to transact directly rather than going through third parties for our BTC transactions.

What i feel about this is that i think there are some groups making profit off the selling and buying points can't be an individual actually but the major reverse stays on 69K+ (i might be wrong on this but  this is what i'm thinking because it more obvious that there's something going on at that region.... Nothing more for me actually the Dip has always been an opportunity and there're millions with same mind set even though the minors might be trapped with FUD(since the sell is on the wrong hands) but that does not really matter more people will keep buying the Dip.

Exactly that's just offtopic . Those who are still playing with shitcoins due to the aim of trying to get rich quick will soon understand the reason why we always recommend bitcoin, I know most of you will be like, " There are shitcoins that are still good" , Nahh is better to invest in bitcoin and be in more safer side don't going around finding shitcoins to play with. And yeah shitcoins ain't like bitcoin so you can't compare it is comparing , batman and flash when it comes to race .

Overall not relevant when talking about shitcoins in a thread that is more focused on bitcoin, this will be ambiguous for some new people who come with not so good knowledge. The relevance of investment can be seen in the level of strength of the coin we want to invest in. This is based on market observations and it is certain that people will see bitcoin as a source they can trust to protect the value of the money they have. He still considers DCA to be a good strategy that can be applied by anyone, although buying the dip is also a good move when someone understands the pattern.

Comparing shitcoins with bitcoins is a big mistake and maybe people don't know the basic differences between the two. That's why it's important to have knowledge so that someone can distinguish which potential coins are worth investing in. Investments cannot be carried out without understanding the patterns and most beginners misunderstand the steps required to carry out investments correctly.

Absolutely correct and the earlier everyone understands the difference while contributing to discussions on this thread the better for us all, because cryptocurrency is an ambiguous words which could mean not just bitcoin alone but shitcoins altogether whereas the trajectory of the discussion on how to buy the dip and hodl by maximizing the DCA strategy is strictly on bitcoin. I think staying on course this was will help even newbies getting into this thread for the very first time to know specifically without getting confused or misled. Shitcoins ain't bitcoin and there's no logical comparison about that.