Topic: Buy the DIP, and HODL! - page 90. (Read 121959 times)

We are not talking about shitcoins in this thread, and surely I would not recommend anyone to be fucking around with shitcoins and/or considering that shitcoins are the same as bitcoin, since even the term cryptocurrency lacks specifics regarding what to invest into.. so it seems quite problematic and misleading that it is even a good idea to think about shitcoins or to compare shitcoins to bitcoin in a bitcoin thread like this.

Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market and also the only way to guarantee the safety of your funds but to make that a reality, its important to employ an effective strategy because its not just about Buying Bitcoin, it takes more than just that. For instance, the commonly adopted market timing approaches such as buying in the dips can be dangerous to investors, especially the beginners, just as you've rightly pointed out. Instead, take a buy and HODL strategy where you can find yourself holding Bitcoin for several years without selling to enjoy the benefit of its increasing value on the market. Thus, this strategy enables you to concentrate on the asset’s prospect and not the direction of its short-term performance. Also, one must take time and learn more about Bitcoin and the cryptocurrency market, and then know what they want to achieve financially and never invest a dime they can’t afford to lose.

I had been proposing bets that the spot price would not go below 20% above the 200WMA until after 2025, yet surely we have been getting pretty close to those numbers in recent times.  Even though I am willing to bet, I know that I could end up being wrong, so I would not be betting very much or even beyond 50/50 odds.. .. but yeah, when folks are proclaiming super low BTC price dips, they tend to back off of their assertions when you ask them to bet on their prognostication of such seemingly extreme dip numbers.

We know that there is an idea of cycles and what kind of a market we are in, too, but even the ideas of cycles could disappear, and we might not be in a bull market, even though it seems that we are, potentially until 2025-ish.. .

Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).

Surely all of us who are buying or holding onto our BTC hope that we are on the correct side of matters, yet there are no guarantees, even though historically the buyers and holders have been disproportionately more correct than those who had failed/refused to take a sufficient/adequate bitcoin position.  Bitcoin's investment thesis does not seem any weaker, and there seem to be a lot of ways that its investment thesis is way stronger than it had been historically, even if the upside potential (in terms of percentage moves) is not as great as it had been in earlier times.


The best time to accumulate bitcoin was yesterday, and since you cannot go back in time, the second best time to accumulate bitcoin is today.  

So, get started, if you have not yet gotten started (not referring to you specifically SuperBitMan).


It is probably a bit of a fallacy to think that you need to employ different strategies based on a perception of being late to bitcoin.  Sure, you can realize your mistakes and choose to be more aggressive in your bitcoin accumulation than what you would have otherwise had done, yet at the same time, you still need to work within the parameters of where you are at rather than where you wished you would have had been.

Let's say that 4 years ago (mid-2020-ish), someone found out about bitcoin, and they had an investment portfolio of $100k, so they knew that if they had been smart at the time, they would have had invested 10% ($10k-$12k) and it might have had taken them 1 year to establish their 10%-ish position. .. So if they go back and the calculate their amounts, they see that $230 per week from June 2020 for one year would have gotten them to nearly 0.7 BTC with only right around $12k invested.

Since they did not take such action, they are now thinking that they have to make up for their failure/refusal to adequately accumulate BTC.  How are they going to accomplish such additional aggressiveness in their BTC accumulation strategy without overdoing it?  They can still invest $230 per week and they can even carry out their DCAing for more than a whole year.. so if they are trying to get up to 0.7 BTC or maybe they are trying to get up to a whole BTC since they can see that they could have had 0.7 BTC with merely a years worth of aggressive accumulation between mid 2020 and mid 2021, but maybe they feel that they have to accumulate more?  I doubt that being more aggressive on the dips would be an appropriate solution - since if they are holding back money to buy on the dips, then that likely means that they are not being as aggressive as they can with their DCA amounts... Sure there might be a formula that allows aggressiveness in regards to both, yet I still will assert that there are trade offs if you are suggesting the solution is to be more aggressive on the dips, then you are choosing to be less aggressive with your DCAs.

Even if we go by your forum registration date, and maybe we even presume that you had gotten started accumulating bitcoin for the past year (a little prior to your forum registration date), we would see that with the same $230 per week, by now you would have had accumulated close to 0.28 BTC, so you would still be nearly 0.42 BTC short of reaching 0.7 BTC and still 0.72 BTC away from becoming a whole coiner.  So, the extent to which you consider that letting off of the aggressiveness of your regular DCA and/or holding some of that money for buying the dip would be personal choices that might not end up making much of a difference in terms of causing you to accumulate more BTC than you would by pursuing a more strict and perhaps somewhat aggressive DCA strategy.  The ways that you change your aggressiveness can have tradeoffs that may or may not make a lot of sense, even though surely there can be ways that you might feel psychologically better with some strategies as opposed to other strategies, even if the difference between such strategies might not be very much materially different from one another.. since at the time that we do any action (to buy BTC or whatever), we have no real idea which way the BTC price is going to go, even though after the fact we can look back and say, I should have done this or that or another thing.. which seems to be a bit of a problematic way of assessing what realistically you should have done (and/or would have done).

You both can be correct but basically it comes from personal objectives,  how the person sees the market and on how he/she decides to flow with the market. One can over prioritize his investment and still be able/willing to hold for the long term and it also can go the other way round but on the case of prioritizing, now mostly the new investors would believe due to some hearings  that Bitcoin is the absolute root to financial freedom, (not saying it can't be) which makes them vulnerable to invest more than they should and causes certain tragics on how they get to survive.

Seeing a safe opening to invest aggressively should not be neglected, it can be seized and made to advantage but to be done against our stability.

There's no specific time or period to invest in bitcoin. If anyone is interested in investing in bitcoin, and if that person has already kept the funds somewhere to start his bitcoin investment, the person can start right away to accumulate bitcoin with the DCA strategy. Trying to invest in bitcoin only during the dips is not a good strategy to adopt; it will delay your accumulation process, and you might miss out on holding bitcoin if the bitcoin price fails to dip to the price you want to buy. For the sake of those who are new to bitcoin or who are just starting their bitcoin investment, your comment is misleading because they will believe the best time to invest in bitcoin is during the dip.

You were alone on that, as far as I know some of us were buried in that thought for some period of time as newbies growing up and learning as a part in a whole in the bitcoin ecosystem. The dip doesn't mean much for an investor that plans to invest accumulatively and hold for long, the dip only serves as a leverage for more profit to the investor whenever he buys at the dip but that doesn't mean that as an accumulator through the DCA strategy he has to wait for only when the market price dip before buying, you just have to buy now the then as the funds avail itself.

Through this thread discussions a lot of us has been able to gaining more and more correct knowledge with regard to how to accumulate bitcoin and hodl which has really been helpful in discarding the former ideas we before now thought were all proper.

I don't agree with your assessment that buying more bitcoin when the opportunity presents itself (DIP) will lead to withdrawal tendency in the bullish trend. That's a pure lie, unless you never had the plan to hold your bitcoin for long term that's only when you will think about doing that. There is no sense in seeing an opportunity to buy more bitcoin at a reduced price and you  let it slide because you don't want to be tempted to sell when the green candles return. To me it is not a smart move, because an ideal investor will make good use of the opportunity and get more bitcoin because it will benefit him at the end of his holding period. If you decipline yourself very well you will not be tempted to sell your bitcoin investment.

Moreover aggressive buying is not a bad thing, some people buy aggressively when they see the opportunity to meet up with certain amount of bitcoin holding they have set up for themselves. It also depends on when an investor started his accumulation journey, those who started late will tend to buy more aggressively too when such opportunity comes up, in order to meet up with some reasonable amount of bitcoin stash in their portfolio.

You know, before I use to think the best time to invest in Bitcoin is the Dip but while I was growing I realized that I was wrong and that it can only be best time for those who uses that strategy but that strategy is nothing to compared with the DCA method which is termed the best strategy in accumulating Bitcoin because one can accumulate regardless of the price or market movement and after accumulating it is advise to hold for some period of time. A wise person is someone who reads, Check himself if he's doing well or not in his investment and if he's not then, he will re-strategize and do what is needful and at the end of the day, he will see himself doing absolutely fine which is what every investor wants though it can be ard sometimes but it's always good and it may not be in Bitcoin investment but other investment or business.

The dip is just an opportunity to accumulate more with less price or account an not the best time to accumulate, if you say is the best time to accumulate that means one has to wait till the dip before one can start accumulation and the difference in amount may be very small.
There's no best time to accumulate Bitcoin as long as you have the knowledge about Bitcoin and how to invest you can start, there's no best time in Bitcoin accumulation.
This statement is one reason some people always wait for a dip to happen before they can start accumulating they feel the dip is the best time to accumulate Bitcoin.
Waiting for the dip or thinking the dip is the best time for accumulation will only slow you down in your accumulation journey and before you know it years has passed without you having a good number of Bitcoin.
If you want to go far in your Bitcoin accumulation then stop thinking about dip being best time for accumulation.

🤔

I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.

We all understand that having an emergency funds and source of income is very important but have you ever ask yourself sometimes that what if somebody does not have a steady source of income will the person invest or not? So perhaps when we throw more emphasis on having a source of income we should also understand that there people who are less privileges but believe so much on Bitcoin investment so perhaps as long as the person is getting a little funds they should be able to start there investment because sometimes fear of uncertainty is always a problem were somebody will feel that since they did not have a steady source of income they will not invest so that they will not have a problem on the process, so perhaps on less the person doesn't have any means at all to start if not there is nothing wrong in starting because there are people who started investing on Bitcoin when they had no steady means but as time goes by they were able to get a job and other source of income and they continue to enhance there investment.

I'm actually a little lame with the statement that the best time to buy is when the price is falling.
Looking from the situation of buying when it goes down is very good but in the end waiting for a decline is necessary and it is not short because of some considerations even though it is going down sometimes we expect more things with a decline to be further that in the end we do not buy and momentum is just missed.
I think in this case the best time for us to buy is when we are ready to buy without any element of coercion and of course we are ready with all conditions including losses so that we are more comfortable in making purchases because we already understand the risks we will have after buying.

Not that buying when it goes down is the wrong situation because after all it is a good thing and sometimes it has to be done especially when the target is long-term then it is clear that buying when it goes down and continuing to hodl until our goals in financial freedom are achieved is clearly a good thing but I don't feel this is the best purchase because there are still many loopholes including the war of thought when prices go down but we don't want to buy because we expect more decline it can be a loophole in this case. and when there are still many loopholes in my opinion it is not the best purchase.

Of course. It is important for an investor to have a reliable source of alternative income to manage his investment for long term as well as a floating cash system to meet his urgent needs. Another thing you should focus on is not to over prioritize investments because if you over focus, your normal life may cause some disturbance such as aggressive buying tendency in bearish times and withdrawal tendency in bullish times. You should keep your normal buying trend regardless of the price of Bitcoin so that its stack will grow periodically. The more you try to focus your investments, the more likely you are to lose your long term perspective. It also recommends managing investments down the road alongside your normal lifestyle to keep your long-term Bitcoin accumulation going.

The bitcoin market is for the wise and smart investors, investors that make good use of any opportunity that comes their way when other investors are scared of losing and selling during a dip, the smart ones immediately buy from them and add to their portfolio. In cryptocurrency, the value of a token continuers the decrease as more people sell off the token, as you sell more of your bitcoin as the market dips, you’re making it for other investors to get it at a more lower price to buy more. Having a knowledge on bitcoin is one part and applying the knowledge in markets uncertainties is another thing you should also be good at, because you’ll always not see the opportunity and will always blame it on someone, or the market, or bitcoin just to help compensate for your losses which is not appropriate and could have been avoided earlier by applying the right approach to it.


Coming to a point where you’ll want to use the dip to buy bitcoin or use the DCA method to buy bitcoin is not something you should be contemplating on which to go for. They are both good methods of accumulating bitcoin and both have their advantage and disadvantages over each other. You should always look at the advantageous aspect of each when wanting to use any of the methods to accumulate more bitcoin. DCA should be a method you’ve already employed and have been using from the time you decide to start investing in bitcoin. Overtime, when the dip arises, you can now take advantage of that to buy more when you have maybe some reserve funds to get more of the bitcoin during the dip. The dip comes in handy and sometimes one may not have the resources needed to buy at dip, so trying to balance them up is now left for you without inconveniencing yourself.

Well I feel even before making the move to accumulate or save up bitcoin the investor must have set aside means to which he or she will be getting funds for their daily consumption purpose and also maybe even set aside emergency funds to tackle many other things but if he hasn't then that's just going to cause some kind of inconvenience in the future but when all these other ways to taught off then easy holding of your Bitcoin will be very possible and it would even help your savings a lot because it growth would be a lot faster than the case of you actually tempering with your Bitcoin occasionally.

It marvels me why should people think investing bitcoin in short term will give the kind of profit they wish. Even the physical investment we go into their is never no investment that generates good amount of profit in a short time for investors but always want to earn profit from Bitcoin quick. If we can invest more more in our investment and wait for it to yield profits,  their is also needs to invest more in bitcoin like DCA method of investment for long-term to make profit. And it is one thing to understand that bitcoin investment is more profitable when it is longterm,  this is what needs to be considered when planning to invest in bitcoin and expecting profit. Bitcoin investment is very profitable when investors have made up their nind to go for longterm and to always take advantage of the dip or to buy more whenever is able to afford it.

Planning to buy during the dip puts you in the wrong mindset, especially for newbies or anyone who has not sufficiently and/or adequately prepared for up, and the ONLY way to prepare for up is by buying bitcoin.

Another thing if you focus so much upon whether or not you might be able to do a 3x in profits in a short period of time, then you surely do not have an investor's mindset, you have a trader's mindset.

Why should an investor give more than one ratt's ass of concern whether his BTC holdings happen to be 2x or 3x or 10x in profits in the short term, unless he is planning to sell and/or he concluded that he has enough BTC or more than enough?

Surely one of the difficulties of BTC prices shooting up quickly in a short period of time distracts investors into a temptation of wanting to be a trader.. so yeah, such great price moves can be difficult for investors to deal with, especially if they already have assessed that they don't quite have enough BTC, yet.

Hopefully guys are not making mistakes and getting distracted by BTC price moves, yet we still know that each guy has to make the assessments regarding his BTC portfolio size and how much he wants to grow it prior to getting out of accumulation stage.. and I have frequently considered that with such a great investment like BTC, no one should be really planning to go from accumulation stage to some kind of a selling stage, unless they don't know what they have, so there would likely be an intermediary stage that ends up having quite a bit of holding prior to maybe getting to a stage that starting to sell some BTC might become acceptable within the BTC portfolio maintenance plan.

In terms of investors selling there Bitcoin holding I really don't encourage that idea but however if an investor must sell, it should only be in a case or in a point were the amount of Bitcoin they have accumulated is big enough that even if they decided to call it an arriving point of there Bitcoin investment it will be okay, so perhaps that's why even if most people have that mindset of selling it should be when they have gotten to there accumulated targets, then they can decide if they want to sell a little part of it or not, though if the investor has other means of survival I think holding all the investment will be better because as time goes by that's how your investment is appreciating.

The best time to invest in bitcoin as a new investor is immediately your have the money to invest whether the price of bitcoin is at the dip or not. This is because the dip is unpredictable and might not come at our own expected time, in the sense that we might not be ready when the dip will come. So getting started immediately with DCA after you have figured out how much of your discretionary income that will enable you to buy continuously overtime. It is better to start with little amount and know that you have started your bitcoin investment journey than waiting for the dip, because bitcoin price waits for no one.

There is power in DCA accumulation strategy because no matter how little you start with as a new investor, as long as you are persistent and consistent with it for 4-10 years and above, you will be surprised at how much bitcoin you have accumulated when you check your portfolio. Life itself is a gradual process and there is nothing that is done at rush when it comes to nature. Same applies with bitcoin investment, gradual growth of your portfolio by regular buying for long will make you not feel the burden of investing, and before you know it, you have acquired a significant amount of bitcoin in a very long period of time.

Those that are waiting for the dip, as a new beginner into bitcoin investment are looking for easy way to accumulate more bitcoin with little amount of money which the probability of that happening is 50-50. But with DCA, you have the opportunity to take average of the market at different prices to increase your bitcoin portfolio.

Of course, the best time to invest is during the dip. You have to make a long term plan, and stick to that plan, you keep investing some part of your income regularly, and that investment must be from an income that you will never need, That is, you cannot depend on that invested money in any emergency. Don't panic and keep holding, and keep investing and holding until the real bull run happens. You will see that your ROI will be the minimum more than 3X after the original bull run.