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Author Topic: Buy the DIP, and HODL!  (Read 170489 times)
fikrett
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Today at 01:24:22 PM
Merited by JayJuanGee (1)
 #16921

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle.

Joke apart, this is a theoretical logic giving an approach that if we can't reach out target in an expected short time, pulling back of getting all hope lost isn't going to be a helpful option rather, we can actually get queued by assembling them little by little and while hold on the Dcaing strategy firmly, we could reach the target in the long term and then those who exited as a course of impatient or felt intimidated by the whales will regret it after learning the worth of your portfolio was as result of your persistence buying at any giving market entries targeted to buying at the Dip and Hodl time after time until you're satisfied before you can decide to exit.

To have no regrets in the future, we need to do what we can now - no matter how little our steps may seem.

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Today at 02:54:09 PM
 #16922

Waiting for a drop is never the right approach. This will make you miss out on buying. You think that if Bitcoin reaches $90,000, I will buy. If it doesn't, then you have missed out on buying. You can continue to buy consistently using the DCA method, so you can buy at all levels. If you want, you can set aside some money to buy aggressively.

If you are going to hodl long enough - you can buy anytime, and be in profit.

I don't know if as many as possible were able to identify the trend of double top and double bottom and how this has been shown recently on the market performance if we are close on the chart, we would have seen this coming and know the kind of position to take as regarding investment, but for the time being now, we should expect more of the market pump and its more likely that we get to all time high this month or sooner.

If someone to be following bitcoin chart pattern up and down it will be hard to invest in Bitcoin and hold it for a long period of time. This is because chart analysis will always try to mislead someone, causing them to time the market rather than consistently buying Bitcoin. Procrastinating while following the chart can prevent someone from making an investment.Even if someone invests in Bitcoin for the short term, they might sell when the price increases, only to try timing the market again to buy at a lower price. That pattern is more suited for traders, and constantly trying to time the market can lead to losing everything someone may have.

The best way to be a great investor is not by timing the market but by buying Bitcoin consistently over time. Using a dollar-cost averaging (DCA) strategy, where you buy weekly or monthly, allows you to accumulate Bitcoin at different price levels.The truth about Bitcoin is that it is very hard to predict. Those who claim to predict it are often just guessing, and nobody truly knows what will happen. Any accurate prediction is more a matter of luck than expertise.


Most people who spend their time in watching the price of bitcoin market when it deepens and when it goes up are people who are probably more interested in trading, because they will always want to grab the opportunity of selling when there is a profit in there short term investment.
 

Trading is stressing and risky,the time a trader spend in monitoring the market to see if there's any slight opportunity for him to sell his Bitcoin for little profits can be stressing to the brain. Why should he pass through all this stress and risks so much when he can just invest for the long term and have peace of mind. Investing in the long term saves him from unnecessary emotional stress when there's a future decline in the price of bitcoin. Since he is now on a long term plan,his main focus will be shifted from monitoring the market to accumulating more bitcoin as much he can.  Using DCA strategy will even help him to accumulate more Bitcoin with ease,at a steadily  pace and within his financial limits while Hodling for the longer term. Basically, Hodl for the longer term will gives him better profits in the future than what he gets from selling in a short term for cheap gains.
Of course, an investor should always ignore the market price and focus only on accumulating Bitcoin, price volatility will never end, but the dumping of Bitcoin's price due to this volatility is also not permanent. The market price of Bitcoin is always temporarily dumped due to volatility, but it certainly has long-term value. So if an investor is unnecessarily worried about volatility and disrupts his holdings, then this is definitely his failure, and he will definitely regret it a lot. A real Bitcoin investor never panics, those who really know Bitcoin always think only of buying, no matter the price. And if you want to get real financial success from Bitcoin, you have to invest in this way for the long term, with always ignoring the market price.

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Today at 03:29:43 PM
 #16923

~snip

 - To start the new week, please check the MACD for the weekly chart. I believe that our 100 Spartans in the Push Ups until 100,000 topic will finally get their rest.

HODL


Certainly a good news for the Spartans and hodlers, but a bad one for those waiting to buy the dip. It's definitely going to be an interesting ride. MACD is literally at the bottom, and climbing to the top. A possible break of structure would give us a new ATH. We're just getting started... Continue buying... Keep Hodling.



If such a pattern can lead to a good position in the Bitcoin market, it will definitely be good news for holders. However, it may be bad news for those who are still waiting to buy from the dip, but whether it will be possible is still in doubt. Since we can currently see that the market has entered a lot of highs, there may also be volatility, which may be a temporary market dumping, which may be good for those who are waiting to buy from the dip. And if the market does not move downwards, it will definitely run to form a new ATH. However, it may be good for every investor to continue buying for a long time, those who plan to keep holding should continue buying. If the market starts moving upwards, it will reach a good position, in which case it will be a good initiative to continue buying.

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Donneski
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Today at 04:05:56 PM
 #16924

It is obvious that a lot of you are mistaken aggressive investing for something else because it does not mean that you should ignore other important things such as using only discretionary income, setting aside emergency funds and other minor details. Let me give example to make the explanation easier. Assuming someone have been able to work out his discretionary income might decide to invest as high as 70% of it by cutting down on unnecessary spending and channeling everything to Bitcoin. This shows the level of passion and commitment on the side of such investor. Others in his situation may not want to go above 50% of their funds to be invested into Bitcoin.


If a new investor decides to invest 70% of their income initially, they may be alarmed by small market declines. If a new investor invests 70% initially, they may become very anxious. They should invest small amounts so that they are less likely to get emotional about their investments. It is very difficult to determine how to maintain their psychological balance.
It's basically a wrong approach and strategy to be investing more than 15% of your income because when your basic needs is not properly taken care of, your might be compelled to temper with your holdings if their is no solid emergency  or back up fund's in place to Carter for that pressing financial needs that arises at that particular time.
Anyone that decided to invest 70% of his net income is actually crazy in my own opinion because it will be just a matter of time before he dip his hands into his holdings, because even though he doesn't have responsibilities, 30% of his income is way too small to Carter for his basic needs very well till his next paycheck arrives, so in my own opinion, investing 70% of your income weekly or monthly is just too much for an investor not to temper with his holdings on the longer run.

To be honest, I completely agree with your opinion. A lot of Bitcoiners often get carried away with the “stack as much as possible” mentality while forgetting that real life does not pause for anyone just because you're stacking sats. If you're putting 70% of your income into investments without taking care of your primary needs first, you're setting yourself up for financial disaster down the line.

The truth is if you can not comfortably foot your basic needs like rent, food, transport, and still have little savings for emergency stuffs, you very likely to to be left with no other option but to dip into your holdings. And when that moment comes, it usually doesn’t coincide with a market top, it does happen during a dip or crash. If that happens, you'll not just be forced to sell, you'll be selling at the wrongest possible time just to meet your basic needs.

Many traders does underestimate the importance of balance. It’s actually  not weak or “not committed enough” to only invest 10–15% if that’s what your financial strength can comfortably carry. That’s actually being smart with your trading/investment decisions. It helps keep your mind at ease while you enjoy a stable lifestyle and most importantly, it keeps you in the game long term.

People who invest out of excitement instead of being logical and strategic in most cases end up with less than those who pace themselves wisely and that's because consistency beats intensity.

So yeah, I totally concur that investing is key, but it’s not wise to build on a weak foundation. While you're trying to invest for the future, try and handle your basic responsibilities first before you can start investing your assets so that when dip happens, you'll have the financial strength to make the best out of it  instead putting yourself in a financial chokehold. That’s how you actually hold long term.




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Today at 04:34:08 PM
Merited by JayJuanGee (1)
 #16925


This would be possible if the person is earning way higher than $60k per year or luckily Bitcoin price drops down to $50k or they would have to increase the yearly intervals they have set to accumulate the 4.5 Bitcoin.

I am not going to presume that the bitcoin price is going to drop... sure it might, but we should not be making our plans based on things that are out of our control.. Yet, each of us should be able to figure out how much of our income that we can put into bitcoin and then therefore how much bitcoin we might speculate that we are able to accumulate through our various accumulation strategies.

If we are new to something, we also might need to be more measured in terms of working our way up to a certain budget, and so hopefully we are not making large mistakes in our ways of calculating how much bitcoin that we might be able to buy or even that we are not making mistakes in regards to other aspects of our cashflow management and various back up funds that we also might need to build and/or maintain.
You are right, sir, I believe that it's more better to invest flexibly than getting oneself in a bad depressive state for the sake of meeting up. Like you mentioned, there are some people that can invest aggressively and still the able to catch up with their pattern of successfully handling the investment and keep it consistent but some persons can not.

Price drop should not be a limiting problem for why the person should not invest but even if the price drops, it's just an advantage to accumulate more than what was expected.
It is obvious that a lot of you are mistaken aggressive investing for something else because it does not mean that you should ignore other important things such as using only discretionary income, setting aside emergency funds and other minor details. Let me give example to make the explanation easier. Assuming someone have been able to work out his discretionary income might decide to invest as high as 70% of it by cutting down on unnecessary spending and channeling everything to Bitcoin. This shows the level of passion and commitment on the side of such investor. Others in his situation may not want to go above 50% of their funds to be invested into Bitcoin.
Most people misunderstand what it means to be agreesive and also over aggressiveness, Taking care of our expenses is very important but if after taking care of expenses then we can decide to accumulate consistently, in as much that investing in Bitcoin doesn’t stop us having fun and enjoying ourselves, but a good practice of being wise in investment, if we should invest 70% of our discretionary income in accumulating I think it would not be a massive strategy for newbies who want to continue accumulating.

Just as we have different source of income and different income structure, it’s best we invest as much as we can possible afford and control our portfolio, as well as building our portfolio and accumulating with any available discretionary funds that we have available.
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Today at 05:32:19 PM
 #16926

By looking at this chart presented here shows that Bitcoin sentiment is bullish, by looking at this last bullish engulfing candle sticks, it shows that their are a lot of buyers in the market, so who are those folks that are saying that it's too expensive to be buying now?
Those buyers in the market do they think they don't know what they are doing?
It's only myopic people that will be seeing it that way as expensive because Bitcoin is seriously on the rise, and I see it setting a new all time high in the nearest future, that's why their should be no wasting time for those that hasn't started accumulating it yet, the better they seize this opportunity or regret later.

Another thing is that Bitcoin is always more expensive than altcoins, and this is always a case where newbie traders enter the crypto world and buy altcoins thinking that Bitcoin is too expensive. They have the mindset that since the altcoins' prices are lower, investments in them will be more profitable.

Time has taught us that those who have invested in Bitcoin BTC are more profitable in the long term and short term and those who were holding bags of altcoins are only regretting it.

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Today at 05:46:30 PM
 #16927

Waiting for a drop is never the right approach. This will make you miss out on buying. You think that if Bitcoin reaches $90,000, I will buy. If it doesn't, then you have missed out on buying. You can continue to buy consistently using the DCA method, so you can buy at all levels. If you want, you can set aside some money to buy aggressively.
If you are going to hodl long enough - you can buy anytime, and be in profit.
I don't know if as many as possible were able to identify the trend of double top and double bottom and how this has been shown recently on the market performance if we are close on the chart, we would have seen this coming and know the kind of position to take as regarding investment, e high this month or sooner.
Trying to identify or know when will be the double bottom or double top will add no additional bitcoin to your bitcoin portfolio if you are not buying consistently amd persistently with DCA method overtime. This is one of the reason why I love the DCA strategy because it does not make you end up in regret for not buying cheap or for been a low coiner.

A new investor who has zero knowledge about reading charts will definitely benefits from buying at ghe double bottom if he buys with DCA weekly, regularly, consistently and persistently to keep is bitcoin accumulation ongoing for 4-10 years and above. It's when you feel that you are smarter to buy cheaper is when you will miss out from all the opportunities in the market.

Chart is not useful for a brand new investor who is on a long term journey and is only concerned to be buying and buying till he reaches his bitcoin target. Your priority is for you to keep adding to your bitcoin for the future.

A new investor, and perhaps even a person who has been buying bitcoin for 2-4 years would not be advantaged by trying to read the charts, whether he knows how to read the charts or not.  Perhaps even the newbie guy who knows how to read charts is more dangerous than the one who does not know how to read charts, since both should be buying bitcoin regularly, persistently, consistently, ongoingly and maybe even aggressively.  If the newbie is reading charts, then he likely is not focusing on buying bitcoin including that he likely falls outside of even any possibility to invest into bitcoin aggressively since he is too busy waiting and strategizing rather than ongoingly buying bitcoin.

This would be possible if the person is earning way higher than $60k per year or luckily Bitcoin price drops down to $50k or they would have to increase the yearly intervals they have set to accumulate the 4.5 Bitcoin.
I am not going to presume that the bitcoin price is going to drop... sure it might, but we should not be making our plans based on things that are out of our control.. Yet, each of us should be able to figure out how much of our income that we can put into bitcoin and then therefore how much bitcoin we might speculate that we are able to accumulate through our various accumulation strategies.

If we are new to something, we also might need to be more measured in terms of working our way up to a certain budget, and so hopefully we are not making large mistakes in our ways of calculating how much bitcoin that we might be able to buy or even that we are not making mistakes in regards to other aspects of our cashflow management and various back up funds that we also might need to build and/or maintain.
You are right, sir, I believe that it's more better to invest flexibly than getting oneself in a bad depressive state for the sake of meeting up. Like you mentioned, there are some people that can invest aggressively and still the able to catch up with their pattern of successfully handling the investment and keep it consistent but some persons can not.

Price drop should not be a limiting problem for why the person should not invest but even if the price drops, it's just an advantage to accumulate more than what was expected.

There is always a trade-off for any guys that are holding back value to buy dips.  The ONLY way that any guy is able to potentially buy more aggressively on dips is based on his having had held back value.. whether it is holding back 10%, 30%, 50% or some other amount, and so ultimately each guy has to figure out how much to balance the buying of bitcoin regularly and the holding back value for the abilityt to be able to buy dips, and it seems that newbies should be concentrating more on the ongoing buying rather than holding back of value, even though, sure, it might feel good to buy dips, but dips also might not end up happening, so if the BTC price goes up, it feels good to have already bought decent amounts of BTC with whatever value that the person has.

I think that if they are going to decide to invest, they'll only realize that sooner and they'd heavily going to be after it when we're on the next cycle or hopefully, before it.
Some people might come to realize earlier rather than later, yet it seems to be very common that even people who hear about bitcoin, they either fail to act or if they investigate into the matter, they end up getting distracted by shitcoins or trying to trade bitcoin, which are both mistaken ways to approach bitcoin.
That is so true. I've known a lot of people personally that I've talked to them about Bitcoin and even friends outside the circle and just did some casual talks.

All they talk about were the memecoins, well, that's them and I understand where they're coming from with all the same excuses about Bitcoin being expensive as they say.

People are going to continue to be distracted by unit bias, and that works to their disadvantage to the extent that they cannot see the value of bitcoin, besides the unit value.  Buying satoshis could help (or at least thinking in terms of satoshis).  Also learning about market cap could help, even though several shitcoin's manipulate their market cap, yet bitcoin's market cap should be compared with monetary supply and/or gold and/or bitgger companies rather than being compared with shitcoins.. and then getting distracted into believing that shitcoins either have any value or that shitcoins are a meaningful comparison point.

It is obvious that a lot of you are mistaken aggressive investing for something else because it does not mean that you should ignore other important things such as using only discretionary income, setting aside emergency funds and other minor details. Let me give example to make the explanation easier. Assuming someone have been able to work out his discretionary income might decide to invest as high as 70% of it by cutting down on unnecessary spending and channeling everything to Bitcoin. This shows the level of passion and commitment on the side of such investor. Others in his situation may not want to go above 50% of their funds to be invested into Bitcoin.
You can invest whatever is left over from your discretionary income and after deducting your personal expenses, and I would advise beginners to invest 5% to 25% of their income.

If a new investor decides to invest 70% of their income initially, they may be alarmed by small market declines. If a new investor invests 70% initially, they may become very anxious. They should invest small amounts so that they are less likely to get emotional about their investments. It is very difficult to determine how to maintain their psychological balance.

You seem to be mixed up Gost ms.  Odohu was talking about investing 50% or 70% of discretionary income as examples of aggressiveness, and discretionary income already accounts for expenses... it is the amount that is left over after accounting for expenses.

When you mentioned investing 5% to 25% of your income, you are talking about income prior to accounting for expenses.

There is nothing wrong with talking about various ways to measure what we are doing as long as we do not mix up the concepts and then start to include a lot of confusing information in regards to trying to figure out the reference points.

[edited out]

They deserve the rest. But because, currently, they're probably addicted to the pain, and they also probably feel they can do it longer - they will take the path to "the impossible". The path to Push Ups Until $1,000,000 United States Freedom Dollars PER Bitcoin. Cool

But with nation-states and business institutions desire to HODL Bitcoin, it might not be that impossible anymore, no?

Of course, it is difficult to know when $1 million per coin is going to happen, and that is ONLY a 10x from here.. so it is really not that BIG of a leap to reach $1 million per BTC, as you suggested with the fact that Bigger and BIGGER players are getting into bitcoin.

It could happen this cycle.. meaning within the next 6 to 18 months or it could take a bit longer to happen, such as 2-6 more years.

I would be quite surprised if $1 million per BTC were to take more than 6 years to happen... even though we surely know that there are quite a few different possibilities in bitcoin, including that less likely scenarios could end up playing out (and sometimes do end up playing out), even though we probably should be setting up our own preparations in regards to our own situations in regards to the more likely rather than less likely scenarios... even though we should attempt to be financially and psychologically prepared for a variety of scenarios, even extreme scenarios in either price direction.

1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Today at 09:02:17 PM
 #16928

Another thing is that Bitcoin is always more expensive than altcoins, and this is always a case where newbie traders enter the crypto world and buy altcoins thinking that Bitcoin is too expensive. They have the mindset that since the altcoins' prices are lower, investments in them will be more profitable.

Time has taught us that those who have invested in Bitcoin BTC are more profitable in the long term and short term and those who were holding bags of altcoins are only regretting it.

And I think this is why people who make attempts to try things out tend to make better progress than those who believe that applying common reasoning alone is enough. From a logical point of view, a person who chooses to rely solely on reasoning would find everything right with what you shared in the first paragraph and might frown at what you suggested in the second. That's simply because they haven’t taken the time to truly understand the basic concept behind why Bitcoin is great. Even a simple reasoning will tell someone that a gradual accumulation is possible, but I guess that part won't ring much in their ears.

It’s a very simple logic that requires both questioning and testing, which all falls under research.
1. Where should I put my money, in a place where there is more demand or less?.
2. Should I invest in an asset that performs tremendously well or in a so called asset that acts as compensation?.
3. Who is talking about this asset, big players including the government, or just some random person I don’t know?.
4. What’s the growth rate of the asset I’m investing in?.

If new Investors can find answers to these questions at an early stage, shitcoins won't even come across their minds.

These are the little things people can literally ask even before doing anything, but instead, they choose to rely on reasoning, without proper research and questioning.

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Today at 09:33:51 PM
 #16929

Buying on dips has always been a dream for many investors, they always hope to be able to do it when dips occur. I see how proud investors are if they find an opportunity to enter at a cheap price, but I think many investors prefer DCA to accumulate bitcoin.
The reason is because many large companies continue to accumulate Bitcoin at the current price, they continue to buy while those who are afraid will continue to be left behind.

With the increase in the price of bitcoin this week we have seen a significant surge in buying demand, I think all investors are aware that waiting is a waste of time and opportunity for that they continue to advance with accumulation at the current price.

Lucky for those who have planted strong beliefs until now because holders are winners and they are strong investors in any situation like saylor and several others.
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