Topic: Buy the DIP, and HODL! - page 94. (Read 121959 times)

In situations like this, it is worth mentioning that we need a strong mentality when facing sudden market changes. Therefore, I always say to prepare yourself as best as possible before starting to invest in Bitcoin. This means that you have to be able to survive all the fud, drastic declines and also be able to fight the worries that surround your mind.

Yes, even though they are still new, I am sure they have a strong mentality to continue if their target is long term.
This is also where we need reserve funds to buy aggressively, price movements will be difficult to predict and no analysis is 100% correct, so trust your decision to continue buying.

Yes, even though we don't expect a decline to occur, the market can change in an instant. The point is, don't worry and continue buying gradually and also enter aggressively at lower prices.

Point one, I don't care about price for now.
Point two, my focus is only on doing routine DCA every week.

You are absolutely right no one is suppose to sell whether new or old investor being an old investor doesn't make one to be different or make one feel he/she can play with the market I don't mean to insult anyone but we should know that the market is no a respecter of person but I disagree if this, will be the last bearish at this ATH maybe you have forgotten that Bitcoin is volatile, it's variation is what we can't tell or imagine you maybe correct because all we do is predicting and guessing but this is not the time to be talking about last bearish or whatever rather this is the time to build a great portfolio if you have the money but I can't advise someone to go and borrow even if I trust this investment perhaps you should chill if you don't have what to... After all there's always another time  provided Bitcoin is in existence.

Right now in the market is a perfect time that reserved funds can be put to play by buying more to increase our accumulation because there is downturn in bitcoin price which we can buy at lower bitcoin Prices.

Panicking is part of the system but we should have it mind that it is not beneficial to us for the long run, maintaining a long-term perspective helps to keep our faith by believing in the bigger picture and focus on the objectives of our investment aims despite the market fluctuations.

Not only new investors, but all new and old investors should not sell during this dip in Bitcoin. While old investors are experienced in this matter, new investors panic at this time and exhaust their savings. My only advice to them is, you focus on regular savings rather than on price. If you think about buying without thinking about selling, this is the perfect time to buy. It is doubtful whether such a price will ever be found in the future. Maybe this is the last bearish at this ATH.

I understand very well, and I know they are some people who have accumulated for about 5 years now and still having issues in knowing if they have accumulated enough or not, people are different and you never can tell what someone will be going through unless they speak out, or are you saying old investors don't face challenges at some point.

It means that you don't understand what it takes to be an old investor who have a good experience in the market about the dips and was able to control their emotions long time ago and did not sell. It is new investors that have little knowledge of bitcoin that might want to sell at the dip because the price of bitcoin has gone below their entry point and that can lead to panic, but since they have made up their mind to invest and hodli for long with little amount, they can overcome their fear with their regular DCA buying non stop.

Old investors with 5-10 years bitcoin accumulation experience will never think of selling at the dip because he knows that it is not the right time to sell. Instead the old time investors are the ones that normally benefit more from the dip because their bitcoin portfolio have reached an actual size that they will prefer to wait for the dip in other for them to buy more Bitcoin at discount price so that it can have a significant increase on their portfolio. It is useless for an old investor to think of selling his bitcoin when he does not have more than enough and he is still accumulating.

What I was trying to say is that those who started Bitcoin investment newly should not be concern about any dip in Bitcoin it shouldn't stop them from accumulating consistently and that those who has accumulated for 5 to 10 years should be the one worried because of wanting to sell, because one won't sell in a dip since selling in a dip will be a lost.
The message I was trying to pass is that when there's a dip, people who started Bitcoin investment newly should continue there investment.

@SuperBitMan, the price of Bitcoin shouldn't be a problem for an old time investor that's invested for about 5 to 10 years cause they should've already been aware of volatility and have encountered several dips and upsurge so I don't think your first statement is clear enough, cause newbies are the ones who should be more worried about any slight dip giving that they're not very familiar with the market and would easily give up holding if there's no motivation from anyone. However, to any investor who falls under such category, here's a motivation for you, Microstrategy a multi billion company and one of the top holders of Bitcoin is thinking of acquiring more rather than selling, and they're considering using $2b of their shares to do that, my point is that if a big company is not frightened by the dip and see that as an opportunity to purchase more then every other investors thinking of long-term should learn and be motivated by that. Well I agree with your next statement that it's a wise decision for one to have a stable source of income before embarking on Bitcoin and the person mustn't be very wealthy to acquire bulk BTC but could embrace the DCA method and invest bit by bit depending on the strength of their income.

Getting worried about the price of Bitcoin should be for people who has been accumulating Bitcoin for 5 to 10 years and not people who just started, the reason why some people who just started Bitcoin investment always get tired very quick is because they are very much concern about the price of Bitcoin.
And I don't think knowing if you have accumulated enough is a problem, before starting your Bitcoin investment you should have a target, which are how much will I be investing on Bitcoin weekly or monthly, when will I become aggressive in my Bitcoin accumulation, what do I need to do to protect my Bitcoin so I won't dip hands into it and how many years will I accumulate and hold.
If you know all this I don't think you will have a problem in knowing if you have accumulated enough for yourself and mind you what will be enough for me may not be for you that's why you need to discover it yourself.

If you don't have a source of income I don't think is good to start Bitcoin investment, some people usually start and along the line they run out of cash, before starting a Bitcoin investment have a source of income without having a source of income you can't succeed in Bitcoin investment.
And I really don't like waiting for the dip before buying Bitcoin I think using the DCA strategy is more better, some people feels they could only accumulate more during the dip but the question is what if there's no dip for months.
For me I think being consistent with the DCA strategy and also having savings is the best, when you have savings you can use it to accumulate more when ever there's a dip.

I understand what betswift means you know when you are DCAing constantly you are opportune to buy bitcoin at various prices and someone that only use lump sum to buy bitcoin only without DCA will not enjoy that much from the volatile nature of bitcoin if he hodli for a very long time compared to that investor that is on DCA regularly, because if he has lump sum already, whenever bitcoin price dips below his entry point he is not in profit. But an investor that his DCA is ongoing constantly, whenever the price of bitcoin dips he will also buy at that period and that will make him worry less because he is also benefitting from the dip.

That is how DCA minimizes the volatile nature of bitcoin because when we want to access our portfolio if it is in profit, one needs to use 200MWA to get the average price of bitcoin in your portfolio and that is what DCA does to help you balance it because you will buy when the price is very high and at the bottom of the dip. Overall, it is good use DCA to build and grow your portfolio and if you have an unexpected funds, you lump sum immediately and hodli to help you achieve a fast growth of your portfolio.

You are actually sounding as if there is so much big deal about those who bought as Bitcoin price drops, it doesn't actually make any difference between those who are doing there DCA by buying at any price, funny enough if someone who is still new on Bitcoin investment sees your statement they will feel that there is no need to invest since they have missed a great opportunity to buy without knowing that is not something that should affect them, so you should know that whether dip or not it doesn't stop investors from there accumulation, however the only little advantage about the dip you are actually talking bout is just the quantity to be accumulated, for instance if the investor normal accumulation pattern is $20 or $30 weekly the amount they will get on Bitcoin now will be a little higher than when the price will be $75k, so that's the only difference but that's not something to be concerned about because even when there was no dip we were still doing our DCA so perhaps price dip should not be an issue.


DCA has nothing to do with minimizing the impact of volatility in the price of Bitcoin, so don't get it wrong because when we talk about volatility is the nature of Bitcoin and is also inevitable so long as the price is concerned, so we did not go into DCA because of minimizing it but instead we choose DCA because is a good method for long term holders to go through.

You joined the forum during 2014, and learned about Bitcoin before me. If you bought the DIP and HODLed and/or DCAed since 2014, then your average purchasing price would be very VERY low so mini-crashes going to $40,000 or back down to $20,000 would never cause you any panic.

But for those who have NOT started their accumulation process, START TODAY, and study everything about Bitcoin while accumulating.

Actually not everyone got panic in this situation since we able to see that bitcoin price slowly recovering this scenario give relief to people who know that this events really happen. Maybe those people who got panic are in trading, But usually those people who decide to hold their bitcoin somehow find a good opportunity to increase their holdings by buying bitcoins at bargain price.

But we can't really deny the fact that there are people crying for help because they are liquidated. This scenario is somehow a wake up call for people that trading is really risky option to do especially if they don't know how to handle well the situation currently occur. If they just decide to hold for sure this current dump will not give them much stress. But seems lots of them likes to play fire that's why some of them got burned when bearish condition occur.

You did repeat yourself a bit at the end of the post, but I agree. Some are fortunate because of the dip, some - are not so much. In the end, the situation is both good and bad for different people, but we should use it to our advantage as much as possible, going both in spot and futures, thinking about how it can be worked around.

it is true that this certainly makes some people panic like those who already have BTC assets. but the other side of this moment is definitely what those who want to buy BTC are waiting for because the price is surprising all those who know BTC. but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.


With the current price of BTC that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.



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Yeah, with it, we try to minimize the impact of volatility change, by dividing our funds into smaller sums, so I may agree with you. We shall see how much our portfolios will feel the impact of it, though

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path. 

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

Great words, I do think we are going to see some dips in the near future (because of the geopolitics, US news about the job market (we already felt that, but there can be more to it), and much more, the elections aren't done yet as well), and this should be seen as an opportunity, for all people involved. Spot will lead the way, in my opinion, and the red I am seeing now won't stop me and my course of action. It's our nature to panic when the ship starts shaking, however, those who are brave enough and go with the sea waves enjoy their place under the sun.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.

That's why it is good for us not to invest our whole money in bitcoin investments so that we will not be tempted to sell our bitcoin investments for short-term profit to sort out our financial needs. Since bitcoin is a long-term investment, we should invest in it with the money that we can afford to lose so that we will not find ourselves in difficult situations that will make us sell our bitcoin to survive.

Investors who intend to invest in bitcoin, because they see how other investors make good profits from bitcoin investments are not traders; they only have doubts about bitcoin investment, and for such people to invest in bitcoin, they need to see someone who succeeded in bitcoin investment to clear their doubts about bitcoin.