Topic: Buy the DIP, and HODL! - page 90. (Read 142010 times)

You really made me laugh so hard.
Actually, you are trying to put it in respect to a procrastinator who is always feeling that the price didn't DIP enough to buy and since the price has gotten this high, such people will still feel that now is not a DIP price to buy till maybe they see the price get to $1million that's when they will probably reflect back and see how foolish they have become for not buying the DIP when they got the opportunity to, but they kept feeling that the price was way too high for them to buy.
       Bitcoin is still in it's developing stages, so i see no reason why someone will feel that bitcoin is too expensive for them to buy and HODL. The reason why some persons feel that bitcoin is too high could be basically because they have short term target and feels that if the price falls that they will incur losses when they sell out of panic that is why a long term bitcoin investor don't care about the price point they bought because he surely knows that the price of bitcoin will increase in the long run more than the price he bought with.

I agree with what you just said. Regret is just a feeling of sadness and disappointment, but we can channel that pain into building our Bitcoin portfolio.  Whatever has happened in the past has been done, we can't change it, but we can change what may happen in the future if we take a good approach now. It is in our hands whether we will regret it later in the future or not.

As for me, I have zero regrets. The only thing I felt sad about was that I didn't know about Bitcoin earlier. If I had known about it, trust me my portfolio would be reading millions of dollars through mining and earning because I had a keen interest in technology at that time. Good thing i can afford to buy with my DCA now. What's more important now is the accumulation stage i am in. Later in the future we will all be happy and that feeling of regret will never be known to us again.

First and foremost I must welcome you to this forum and thread because I have not welcome you before now and find it necessary to use this opportunity to welcome you here, am much please to hear that you have taken it upon yourself to read through many good helpful writeup here that is capable of helping you to scale through in your Bitcoin journey and that's a good approach for a good learner, we all started one day and one thing that keep me going in Bitcoin investment is that it keeps shaming people that are skeptical about it's potentials and also the fact that it's very much futuristic in nature, am happy that you have learnt your lessons though in a hard way, be it as it may you got the story to tell about what your experience were in those bullshit called shitcoin and altcoin, atleast now you can stand fame to advise newbies like you that there is no road in those over hyped shitty things.

You really made a wise decision to chose Bitcoin after you were introduced to it, but my question is, how consistent are you in your DCAing, when you mentioned pattern of investing in Bitcoin, I already know that you know about DCA method and that's why I asked you this question.
My advise is simple, buddy for you to achieve a bulky and a satisfying Bitcoin portfolio in the future, you must be consistent in you accumulation process, use the amount you can afford consistently, continuously, slowly and steadily without looking at the price at anytime to keep accumulating Bitcoin and hodl for the future.
Your words are very convincing as a newbie, I encourage you to continue in this manner I believe you won't regret it in the future if you maintain the aforementioned approach in acquiring Bitcoin.

the very concept of looking at past Bitcoin price with a sense of regret of not buying earlier enough or a thought that if you had bought Bitcoin at the time it was at a certain price, you would have been in a certain percentage of profit is a mediocre way of reasoning because in the end, it's all imagination that doesn't translet to any change in the quantity of Bitcoin you now have in your portfolio.

If you've known Bitcoin at the time it's at $500 and even had the resource to buy it, chances are that if you're skeptical at the present that you wouldn't have brought even in that past. The past have gone and whatever decision you didn't make at the time should not feel ones mind in place of planning for what lies ahead of us in the future.

Instead of talking about past possibility that's already gone, it's best to concentrate on the present in anticipation of the future potentials of Bitcoin and how well we can be positioned ahead for it. We've seen a remarkable change in Bitcoin price from last week down to this point and that's relatively a small span of time if you're considering investing for the long term. In the future, the likelihood of Bitcoin going above $500k is eminent and because of that, it's only best to use this period to DCA upwards to that point instead of lamenting on what's already in the past.

I doubt that it is very realistic to look at the past, pick a price and then just assume that a person would just buy lump sum and sit on their BTC  until now.  

There are more realistic scenarios.

Also, I doubt it is even productive to compare yourself to someone else, unless maybe you might be comparing one version of yourself to another version of yourself.

But whatever, you do you... If you believe it gets you anywhere to be fantasizing about people who had been in bitcoin longer or maybe compare them to variations of people who did  not, and there are a lot of variations of knowledge that people had, and variations on their actions too (and failures to act).  .. Still seems a bit of a waste of time to me to be overly fantasizing about those various scenarios, unless you are wanting to make some kind of a meaningful  point that might relate to yourself and your own actions (or your currently planned actions).

I'm not thinking about four years. I wonder what is the current status of those who have held bitcoin since its inception? And those who had the opportunity to buy at a low price at the beginning but did not buy or sell, how are they regretting?

On July 6, 2013 there was an opportunity for a person to buy one Bitcoin at $67.81. Those who bought and held at that time are now at a profit of 134564.4% or 1,371.47x profit. And the regrets of those who have sold it today is needless to say. As of 2010 Bitcoin has rebounded from $0.05 to $93k which has pumped the value up almost 1,860,000x. That means if I invested in Bitcoin in 2010 I would have got a return of 1,860,000x the value. Will increase in future.

Looking at Bitcoin's past, it's possible to understand how regrettable it can be to not invest in Bitcoin. We should enter the investment very soon. That is why it is essential to have a source of income.

10x to 20x in 10 to 20 years sounds pretty bearish.


I largely agree with you, and sure the longer that you hold bitcoin, then the better for your finances, yet if you accumulate enough or more than enough bitcoin, there are ways to engage in reasonable withdrawal of your bitcoin, but yeah, i have no problem with the idea of spending your other money first, yet once you run out of other money, you can start to live off your bitcoin.

You are very much right on this, and the truth of the matter is that we are still in it early days, and due to it high potential, Bitcoin can still do like 10x to 20x of it current price in like 10 to 20 years time from now, so if you have much time in your life, I mean if you are young, not that too old, why not seize this golden opportunity now and invest in Bitcoin now that it's still very cheap?
Because though nothing is certain in this world, but am very much positive that Bitcoin can rise up to a million dollars in the future when more countries and people start adopting it, so now is the right time to start buying regardless of it current price.

Then lastly, as a Bitcoin investor it's best to only think long term, because I know that at some point temptation of taking profit might sets in, but if you truly believe in it and it ability to build a generational wealth for you on the longer run, then you just have to hold for a very long period of time, because it's only when you hold for that long you can reap the full dividend of your Bitcoin holdings.

This is very true, the price of Bitcoin now may not be same 10 years to come and that is why we need to start taking our investment journey very serious because the more committed you are today will determine how far you will go.
Don't think about how big the price is today, 10 years ago the price was very low and those that started accumulating then will never regret and those that started accumulating now will not regret Accumulating, in the future people will say Bitcoin was low in price in 2024 and that is because it will grow to a very high price.
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You don't even need to go out so far to see quite large differences in the BTC price, and you can merely go back 4 years and see that we were right around $19k then and right now we are right at about $91k as I type this post.. ..   which is about 4.75x higher prices right now as compared to 4 years ago.  It is quite possible that in 4 years that we might not be able to buy bitcoin for less than $100k ever again... but yeah, who knows?  There are no guarantees either, so each of us has to figure out how much emphasis we are going to give to BTC accumulation, and if we decide to do it, how aggressive we are going to be in our BTC accumulation practices.

Whether we invest or not, that is our choice - yet surely we have to have discretionary income to be able to invest into bitcoin.

A holder may panic at the volatility of Bitcoin and take any wrong decisions but there will be no human pressure when he accumulates Bitcoin by following DCA method. DCA holder of Bitcoin can insulate himself from the effect of volatility of Bitcoin which can be difficult for ordinary investors. This thread was opened in 2019 and those who have been following this thread's directions since then have emphasized bitcoin holdings today and everyone's portfolio is in a good position and will continue to improve. Those who are relatively large holders of Bitcoins are giving the most importance to field of DCA for accumulation in Bitcoins. Bitcoin will have bullish and bearish movements but those who follow DCA and regularly accumulate bitcoins will not deviate from their track under any circumstances.

This is very true, the price of Bitcoin now may not be same 10 years to come and that is why we need to start taking our investment journey very serious because the more committed you are today will determine how far you will go.
Don't think about how big the price is today, 10 years ago the price was very low and those that started accumulating then will never regret and those that started accumulating now will not regret Accumulating, in the future people will say Bitcoin was low in price in 2024 and that is because it will grow to a very high price.

If you read my post again, you will notice I didn't say investors should share their discretionary income every time they get paid, so stop saying things in the way they will look sweet only in your eyes. I only made that statement because some investors will still want to ignore the DCA strategy just to wait for the dip they are not certain will happen today or tomorrow. That strategy will be of a good help to them because they will still be accumulating consistently with the DCA strategy while they wait patiently for the dip.

You are right with all you wrote but the bolded text is what I will disagree with you, because I don't understand how DCA can solve financial instability when you need funds to always buy every week or monthly consistently for 4-10 years and above. DCA is not a job or the government that can make our finances stable, it's only a strategy that is used to accumulate bitcoin when you have a stable income and a discretionary income.

Anyone having financial instability/problem will not be able to invest in bitcoin because he does not have discretionary income and if he forces himself to invest, it means that he's gambling because he must sell his bitcoin at loss when his needs arises should incase bitcoin price dips below his entry point.

I don't think that that it's best to share your discretionary income into two parts all the time that you get paid and use only half to DCA, while you keep the other for buying at the dip. You should understand that nobody knows when the dip will come and what if it does not come, are you going to keep on piling up the money, you should know that holding too much fiat on you because you want to buy the dip is not good because bitcoin price might just keep on increasing and the money that you are suppose to use to increase your DCA amount is lying idle.

If you have set up your reserve funds, it's ok for buying at the dip, instead of keeping half of your discretionary income whenever you get paid.

I've got to know that some people really don't understand the act of Dcaing, I seen someone outside the forum who talked about DCA when price is lower and it just got me so confused cause he's mixing different concepts and there no such thing as doing the DCA when price drop, "buying the dip is buying the dip and DCA is DCA go make your research and do the right thing that just what I said to him instead stressing more and raise an argument". The DCA has proven to be one of the best strategy of Bitcoin investment cause not only that it helps recover losses overtime but it eases the pressure of waiting for the dip, like always monitoring the market to see if it would fall and take advantage of it, no no no you just have to choose how often you can keep buying be it weekly or monthly and stick to the plan, it's very interesting and effective. However while doing the DCA, one can still take advantage of the market when it falls very deeply and acquire lots of it and still continue with their normal investment plan, for instant someone doing the DCA with about 50k monthly or weekly in their the currency and experience a massive dip along the line can decide to buy with 200k or more according to their financial strength then continue with their 50k plan afterwards.

An investor should refrain from wasting time buying dips by attempting to initiate a long term DCA. Actually no one can predict the price of Bitcoin so you should be consistent by buying more even when the price is going up because if you continue to invest continuously you can go a long way towards having a decent portfolio. The DCA strategy is going to have a lot of potential for you in the long run as any amount deposit strategy is very easily available regardless of price.

Yes, it should be recognized that every investor exerts maximum effort to buy more bitcoins during price dips and DCA strategy can be very fruitful to coordinate with that effort. A tendency to buy more given the discretionary income during the dumping period considering the market conditions can positively affect your Bitcoin holding structure. Yes I agree with you that when prices fall further another portion of discretionary income can be picked up for purchase. You should be careful when aiming for consistency and considering strategy accordingly.

Since nobody can predict what will really happen in the future, waiting for a dip to happen before one can accumulate bitcoin is not a good strategy to adopt because you are not certain if it will happen today or tomorrow. The DCA strategy plays a big role in our bitcoin accumulation journey, and it doesn't only allow investors to buy bitcoin right away when their discretionary income is readily available, but it also allows investors to accumulate bitcoin even in a dip. But if any investor is much concerned about accumulating bitcoin in a dip, there are strategies he can combine together, which will allow him to consistently accumulate bitcoin with the DCA strategy and also buy the dip when it happens. If an investor has good discretionary income, he can divide his bitcoin investment money into two equal parts and use one part to accumulate bitcoin consistently with the DCA strategy and use the second part to accumulate bitcoin whenever a dip happens, which helps him take advantage of the market because he has reserved some funds that will help him buy the dip.

Perhaps considering the performance of bitcoin since 2009 when it was created till date it shows that everyday is a day of accumulation, every moment you have is an opportunity to grab more bitcoin to your portfolio as it's getting more expensive than you can ever wait for. DCA has solved the problem of timing, emotional diversity, and financial instability/problems. it's best we use every opportunity we have to buy and Hodl for bitcoin will always be a Green assets and a true definition of money with it's level of scarcity and other features.

Truth remains that the most expensive price you could buy today might be the cheapest price you could get it for a long time.

This is what many don't understand how powerful DCA/accumulation is. It doesn't matter if you're able to buy sums or not now but the willingness and psychological impact on it with any amount that you can spare in doing that action in the present time.

All they have to do is to zoom out the charts and there is only one way where Bitcoin is going, to the top.

They can think of any other better price that they can compare in today's price that there's always a better and more expensive price that's about to come.

$1k/BTC was expensive in the past as they say.

It went $10k/BTC still another expensive price.

And so on.... if they don't take any actions and will always have that reasoning, I bid my good luck to them and see them at the top when Bitcoin's price is more expensive as now.

Of course we keep buying throughout the week, dca does not look at expensive or cheap prices because every maturity is better done to buy bitcoin.
For me it doesn't matter whether the price is expensive or cheap because we target BTC to hold in the long term.

Consistent accumulation is better to apply because the level of consistency will overcome many obstacles that hinder us. Don't look at the price when executing because we have to look at the limited supply of bitcoin, therefore expensive prices are not a big problem to continue buying bitcoin.

The accumulation phase must continue to run as it should, our target is of course to hold in the long term, so if we delay buying, it's the same as we don't understand enough about investing for the long term.

was thinking we should create a new thread called, "buy the RIP, and HODL!"


We are entering that part of the cycle where as a DCA buyer your going to have that monkey on your shoulder saying "ooohhh, its expensive. I know i said I would ignore the price and buy, but damn its ripping"

Dont give in, your in your accumulation phase. Accumulate at all prices. Ignore the price and continue with your DCA, sometime in the future this purchase price will be lower than the ATL price of that cycle.

Here is an example to help

Mar 23 to Oct 23 we oscillated in that 22-30k range, then suddenly it jumped to 34k. Then over the next 8 weeks it landed it at ~44k.

If you had stopped accumulation at 30k because it was "too expensive" you would be out almost 26 weeks of DCA accumulation. Based on todays rang 85 to 93k you would have lost 200+% value increase

Dont stop stacking baby, your the one that drives me crazy :-)