Buy the DIP, and HODL!

[Gallar]

The reason why many people feels the price of bitcoin is too high to invest is because they want to make quick profit and they are never ready to hodl. if high price is a problem to you what stopped you to invest when bitcoin was at the low?. If you really want to invest bitcoin and to hodl,  and not having plans to make profit quick price will never be problem, you can invest at all time knowing with hodling you can get a better profit.

Even if you want to make quick profit, how much can you invest so soon to warrant a quick ROI? It's just a short sighted mindset that makes it look like waiting to buy at a low price is the only way that you can easily place yourself at a good profit from your investment.

~Snip

If there are people who think like this when buying bitcoin, I think that person is not an investor, but a trader. Because a true bitcoin investor will definitely not worry too much about the price when buying it. The point is that continuing to do DCA on bitcoin is something that continues to be done. Because basically bitcoin investors will definitely use cold money to invest. So they are not chasing quick profits when buying bitcoin. Because they know that investing is not a job but a way to prevent their assets from being hit by inflation, or to make their future better financially. So basically the point of investing in Bitcoin is not just chasing profits, but there are other things we can get in the future. Therefore, people who are chasing quick profits, or you could say a trader, only see bitcoin as an asset that can double their money. Even though in reality there are more important values ​​contained than just that. However, I personally still respect traders in Bitcoin, because after all, if it is related to Bitcoin, it means we are on the same frequency, even though it is a little different.

[SuperBitMan]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.

Of course, if an investor wants to make more profit on his Bitcoin investment, he must prolong his investment. If the investor buys bitcoins on a weekly/monthly basis, the longer he continues to invest, the more bitcoins he will accumulate in the investment portfolio. We came across a post on Bitcoin discussion board a few days ago that mentioned a man's 8 year long Bitcoin investment. The person was depositing bitcoins at $30 per day ie $210 per week. Thus he prolonged his investment for 8 years, he was able to achieve success by prolonging his investment.



UPDATE: BITCOIN DCA JOURNEY: https://x.com/regothetrader/status/1855234677491073122?t=B09ce6EPbbAV5JyyXrFINw&s=19

cryptoWODL you are very correct the only way to achieve huge success in Bitcoin investment is to be consistent in accumulation while hodling for a long period of time, it is also true that one can also achieve huge success by investing a huge amount of money on Bitcoin and get lucky that Bitcoin hit a very high price in just 1 to 2 years of his or her investment for example Mr A invested $2 million in Bitcoin when Bitcoin was $100k in 2025 and within 2025 to 2026 Bitcoin hits $200k such person has made a huge profit.
However when the person keeps accumulating and hodling for more years his profit will be more bigger, the more consistent and long hodling you are in Bitcoin investment the more successful you become.

[DeathAngel]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

[$crypto$]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

As a HODLer don't panic, with the downward trend it is better to buy again, the market will definitely recover.
Don't even worry for now because you know the bullish period is not over, we will find a new round in the next year which is coming soon.

The current price is still the best way to accumulate, let people say it's already high the important thing is that we continue to buy it.

[Samlucky O]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

You know one thing for sure is that bitcoin volatility is just like a rollercoaster ride, it not always a smooth ride. Also like the see saw. So we go through the hill and valley but yet we keep on riding, Provided its not gonna hurt us anyway. The current downside of bitcoin right now is not what to think of rather an avenue to buy more because bitcoin will still supersede $100k. history will still repeat itself as many people will still not buy now but keep on waiting for the best time forgotten that yesterday was the best time and today is another best time. Forgeting that a time will come when BTC1 will be $1m and today that was seen as being too late will surly be a memorable moment.

[Ojima-ojo]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

The time is for us to apply wisdom and control along side with patience, because bitcoin at this moment is offering a double opportunity, while some see this time at best time to buy bitcoin, others may be thinking of selling their bag load of bitcoin since the have failed to hit it when Bitcoin was at the peak of the market close to $100k and they thought it will get to $100k and beyond, but when that have not yet been achieved and the correction is here with bitcoin diving down to close to $80k price, to them their need to take the left over profits and without possible loses since the price haven't got to their bought price yet., To me those that seems to be at advantage are those that have enough cash flow and reserve fund's to buy at whatever price and willing to wait for at least 2-3 or even 5 years without having to look back at those bitcoin accumulated at this time, since for them 90k or less is somewhat a cheap price for bitcoin compared to what the price of bitcoin will be in the next 3 to 4 year coming.


Being calculative in the taking of advantage of bitcoin corrections and volatilities helps long term investors alot unlike the future and derivative traders that just gamble on the price, a long term bitcoin investor have less to worry in the time of correction in price since their bitcoin assets remain intact regardless of the price of bitcoin, but for a derivative future trader, at some point their asset can get liquidated even before their knowledge, most especially those on high leverage.

[ginsan]

As a HODLer don't panic, with the downward trend it is better to buy again, the market will definitely recover.
Don't even worry for now because you know the bullish period is not over, we will find a new round in the next year which is coming soon.

The current price is still the best way to accumulate, let people say it's already high the important thing is that we continue to buy it.

We are in the accumulation phase, of course, the correction that occurs is a good opportunity to buy in between the routine unexpired periods that we do with DCA. Regarding the price going up or down, it is quite natural, because in the market there are always sellers and buyers. As buyers, of course, our target is to continue buying every week and in every correction that occurs.

Market sentiment cannot be predicted precisely, because it can increase more significantly and there can be a sudden correction. As a holder, we can take advantage of many opportunities to continue buying bitcoin and holding it for the long term.

If you think about the price when executing it, it is the same as contradicting the DCA strategy. for that I think we don't look at the price when buying bitcoin, because our goal is to increase bitcoin ownership and we are still in the accumulation phase. Let people say whatever, but we remain in our plan to keep holding Bitcoin.

[Stablexcoin]

Even if you want to make quick profit, how much can you invest so soon to warrant a quick ROI? It's just a short sighted mindset that makes it look like waiting to buy at a low price is the only way that you can easily place yourself at a good profit from your investment.

If you've been investing from the start of the year till now, which other asset class has the potential of giving you the returns you should have gotten by now even if you bought the asset at a time it was even bearish? No one that has done DCA from the start of the year till now is not in a very good profit, this is just a single year consideration, what hapens if you're able to invest for the long run? For a volatile asset as Bitcoin, you can't be too accurate when it comes to timing the market and while you're hoping that it's going to get more DIP, you will eventually find out that it's getting more bullish and that you've wasted a whole bunch of time that you should have used in investing earlier. Good Profitability is one of the ultimate reasons for investing in Bitcoin and to get the best out of it, its best to have a long term plan which allows you the opportunity of investing more and putting you in a good profit.

I think you are referring to traders because they are the only ones who are always looking at the price of Bitcoin before they tend to buy. A Bitcoin investor would see every opportunity as a good entry point to invest without considering what the price is at the moment. There was a time were people were contemplating Bitcoin to be an asset for savings rather than investment. But it's clearer now to those who were still in doubt that no matter how speculative the asset has been it's worth investing for future returns. Anyone entering into Bitcoin right now should never have the intention of coming for short profits/gains. Gone are the days of quick returns, if anyone wants to succeed in Bitcoin now is either long-term or never. Of a truth, anyone who has been dcaing is on profit no matter what price they bought it when they started. Including those who start investing immediately after the halving. I can remember that period, some people were saying it was the wrong time to buy because Bitcoin had hit a new ATH. Bitcoin has proven them wrong though.

[Moreno233]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

In other words we Buy the DIP and HODL! In all honesty, I feel happy seeing the correction because I was thinking that all my entries would be above $100k but it is obvious I still have an opportunity to enter below $100k with my expected end of year pack from work. I been applying the DCA method but I feel my Bitcoin portfolio have not gotten to where I want it to be so I have to adjust my approach a little by adding some lump sum buys starting from end of this month when I'm expecting some bulk funds. This is the reason I'm a kind of excited that this dip occurred, although I seem to have forgotten that corrections will always happen in the market.

I understand my stand may appear pessimistic to some people who are anxious to see Bitcoin price cross $100k, these set of people being in the majority but I guess my stand is just my wish and person opinion and not necessarily what the market will do. Also it is normal for humans to have personal expectations that is favorable to his plans and targets so those that are feeling bad about the correction whereas I'm feeling excited, should bear with me. It is not fud from me because in the end, we all wants more Bitcoin to our portfolio.

[Cryptoprincess101]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

I just feel like there is a serious gamble going on in the market within the bigger investors, otherwise i see why the price couldn't reach $100k when it already got an ATH of $99,800. They know that if the price eventually gets to $100k, there will be a panic selling between short term investors and those that has marked $100k as their price targets before they sell, so i assume that is the reason for the corrections the market experienced and it is good that the correction came because it has helped ease tension a bit, as it would have been if the price had continually gotten to $100k when everyone thought it would. The correction has also helped some investors to acquire more amount of bitcoin at a lesser price while anticipating the price to hit $100k, so it's still all advantage for investors but more advantageous to long term investors.

[Negotiation]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

First, you can start investing in small amounts, such as 10% of your income per month. Then it will not be that difficult for you because you can invest in Bitcoin in small amounts consistently. If you can invest in this way for 2-5 years, you will be financially ahead of others.

[wmaurik]

We are in the accumulation phase, of course, the correction that occurs is a good opportunity to buy in between the routine unexpired periods that we do with DCA. Regarding the price going up or down, it is quite natural, because in the market there are always sellers and buyers. As buyers, of course, our target is to continue buying every week and in every correction that occurs.

Buyers will always see Bitcoin price corrections as a good enough opportunity even though without corrections they will also buy as much as they can, but because there has been a price correction like now, it is clear that this has become a bonus for them because basically they always set purchases to store them in the long term. And people who always make DCA purchase accumulations must be quite happy when they see price corrections like now because they also do not set sales in the near future even though they have bought at a price that is slightly higher than the current price.

[Abbatty]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

The price correction could be a problem for some people probably traders but it’s no problem for us hodler, we investors have seen worse and we can not concern ourselves with dumps because the target is always long term investment and a lot will definitely happen in a long time. Investors just need to keep investing and accumulating no matter the outcome and keep holding for a long time because bitcoin still has more in store for us.

As a HODLer don't panic, with the downward trend it is better to buy again, the market will definitely recover.
Don't even worry for now because you know the bullish period is not over, we will find a new round in the next year which is coming soon.

The current price is still the best way to accumulate, let people say it's already high the important thing is that we continue to buy it.

Market fluctuations can be intimidating, but with a well-executed DCA strategy, you can manage downward trends with ease. Instead of panicking, focus on consistently accumulating bitcoin and holding for long-term. This approach helps you ride out market volatility and make the most of your investments.

[Mayor of ogba]

We are in the accumulation phase, of course, the correction that occurs is a good opportunity to buy in between the routine unexpired periods that we do with DCA. Regarding the price going up or down, it is quite natural, because in the market there are always sellers and buyers. As buyers, of course, our target is to continue buying every week and in every correction that occurs.

Buyers will always see Bitcoin price corrections as a good enough opportunity even though without corrections they will also buy as much as they can, but because there has been a price correction like now, it is clear that this has become a bonus for them because basically they always set purchases to store them in the long term. And people who always make DCA purchase accumulations must be quite happy when they see price corrections like now because they also do not set sales in the near future even though they have bought at a price that is slightly higher than the current price.

You are correct; any investor who is accumulating bitcoin on a long-term basis will not be so worried when there is a price correction because he will see it as an opportunity to accumulate bitcoin at a low price if he has enough money left to do that. This is why the DCA strategy is a good strategy in accumulating bitcoin because if you don't have enough money left to buy the dip at the point a dip happens, the DCA strategy will allow you to do that because your DCA accumulation money might be readily available at the point when a dip happens and you use it right away to accumulate bitcoin, which will allow you to take advantage of the market.

[arwin100]

Trend is down short term after hitting $99,800. Nothing to be concerned about though, the price went up close to 40% in a very quick time. A little correction now is no problem & normal bull market occurrence. The price will stabilise & start to grind higher in a week or two. Thanksgiving period often dumps, no panic. We will be going up again soon.

Only those people trading their bitcoins would really got a problem with current situation occur on bitcoin.

But for those people who engage with long term this situation where bitcoin experiencing a short dump is somehow a great opportunity for them to accumulate since this is good opportunity to acquire a little bit more larger than they usually spend because price is experiencing a dip which provably a good recovery might happen soon.

To many good things to look forward in future and I guess this current dump happened cannot affect the decision of holders to continue their accumulating activities. And positive for it that bitcoin will go up again soon.

[Promocodeudo]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Many times we keep talking about this things but it still looks like some people don't understand this things, that's why we will keep saying it hence it will straighten up intending and existing investors that doesn't understand that waiting without investing because of price increase is very dangerous, though some persons will say I have heard about the dip as the best time to buy, it's very funny to hear those craps, as an investor who is ready to invest, why will the price of Bitcoin be an obstacle to you, although sometime this might as well be as reason of lack of understanding and information that exist among new folks in Bitcoin.

Buddy I have seen where you wrote that you have invested a few bucks in Bitcoin and as a matter of fact the profit turns out to be very good so why are now afraid? If it's the price, haven't you heard of DCA method, you don't need to occupy your mind with such stress called price, get back to business with DCA method because it allows you to invest with the little you can consistently without any form of panick stress, you said you don't have a versed knowledge on Bitcoin, but do really need such knowledge as you said to keep doing what's expected of you, you have started this journey already which means you already have a portfolio no matter how small, for me it will be better for you to continue with the little you can, but I must be sincere with you remove your mind from anything short term because it won't do you any good, what you need is to set a long term goal and work towards achieving it, the future should be your target, the price shouldn't be a problem because at all time you can buy Bitcoin with DCA method, the increase in Bitcoin price should be an encouragement to you that Bitcoin can do more than the price you are seeing now, if am to advise you, I will say keep doing the needful to avoid regret in the future.

[Dump3er]

[edited out]

My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.

You might be able to apply similar ideas to other assets and/or currencies, yet I have me doubts... . since bitcoin is likely the most sound money that has ever been put into existence, which causes potentialities that there could be a step up in its price at any time, and since we cannot know when the step up in price is going to come, then we have to make sure that we are erroring on the side of always being in and being really sparing with any amount of bitcoin that we might sell, especialy whil ew are in early to mid stages of our bitcoin accumulation journey.

-

There is one thing I would love to discuss with an open-minded excellent economist though. Money is good money when it preserves value, serves as a unit of account, is fungible and portable, which implies that it meets demand for high velocity. The last point is the interesting part here because bitcoin doesn't only preserve value, but due to its scarcity and all the other characteristics, it is very likely to go up in price.

For as long as bitcoin is a promising investment that increases in value instead of only preserving it, people will tend to hoard it instead of using it. Doesn't that mean that FIAT will be needed because psychologically people would at least tend to use their inflating FIAT to either buy bitcoin or, also very important, keep the economy thriving due to investment in other assets like real estate and consumption of goods and services. Low investment quotas or high saving quotas so to say, can have negative effects on an economy. I don't know if I have a logic error here at hand, but that's a question I could never find a satisfactory answer to yet. What is your thought on this?

The reason I bring up the idea that FIAT would still have a function is similar to what happens in casinos when people are supposed to buy chips. Those chips are easier to spend psychologically and it feels the same with bitcoin. Touching bitcoin is almost painful if you have to. FIAT not, I don't care if I have to pay something and I got FIAT, not an issue at all. But selling bitcoin feels bad. That is why I think FIAT might still have a certain function for a very long time. Hope this makes sense.

[Just Say]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.

You don't need to be very knowledgeable to invest in Bitcoin, just a little knowledge is enough. As per your statement you have already achieved that. You mentioned that you have invested in bitcoins and have been able to earn profits from it, so you have an understanding of bitcoin investing. You may also know that before investing in bitcoins you need a certain source of income that you can use to continue investing in bitcoins.

However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Give priority to your own opinion rather than depending on the opinion of others. Because you have to provide money to prolong your investment. So invest in such a way that your investment lasts till the next halving at least. Investments should always be prolonged and that is the main goal of a successful investor.

[avp2306]

You don't need to be very knowledgeable to invest in Bitcoin, just a little knowledge is enough. As per your statement you have already achieved that. You mentioned that you have invested in bitcoins and have been able to earn profits from it, so you have an understanding of bitcoin investing. You may also know that before investing in bitcoins you need a certain source of income that you can use to continue investing in bitcoins.

Some common misconceptions of other people since they think they need to be good first to know a lot before you can invest on bitcoin. This will just stop or delay their participation or even worse this might be the reason on why they cannot take action because they afraid to accumulate. But I guess at this point he into trading which is not advisable and been discourage to do here that's he say something about that also got afraid with good pumps gotten by bitcoin for past few days.

If they could just start right away then for sure they will be force to do more research after that since somehow its necessary once we start to invest or commit for long term we also need to learn some new knowledge on daily basis since this would help us to understand each situation happen and could provably increase our patience to successfully deal with this long term investment choice we made for bitcoin. For doubters for sure they cannot get anything for bitcoin, but for those who start their journey to hold their bitcoin for sure that they taking good decision that provably beneficial for them in future.

[SuperBitMan]

[edited out]

My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.

You might be able to apply similar ideas to other assets and/or currencies, yet I have me doubts... . since bitcoin is likely the most sound money that has ever been put into existence, which causes potentialities that there could be a step up in its price at any time, and since we cannot know when the step up in price is going to come, then we have to make sure that we are erroring on the side of always being in and being really sparing with any amount of bitcoin that we might sell, especialy whil ew are in early to mid stages of our bitcoin accumulation journey.

-

There is one thing I would love to discuss with an open-minded excellent economist though. Money is good money when it preserves value, serves as a unit of account, is fungible and portable, which implies that it meets demand for high velocity. The last point is the interesting part here because bitcoin doesn't only preserve value, but due to its scarcity and all the other characteristics, it is very likely to go up in price.

For as long as bitcoin is a promising investment that increases in value instead of only preserving it, people will tend to hoard it instead of using it. Doesn't that mean that FIAT will be needed because psychologically people would at least tend to use their inflating FIAT to either buy bitcoin or, also very important, keep the economy thriving due to investment in other assets like real estate and consumption of goods and services. Low investment quotas or high saving quotas so to say, can have negative effects on an economy. I don't know if I have a logic error here at hand, but that's a question I could never find a satisfactory answer to yet. What is your thought on this?

The reason I bring up the idea that FIAT would still have a function is similar to what happens in casinos when people are supposed to buy chips. Those chips are easier to spend psychologically and it feels the same with bitcoin. Touching bitcoin is almost painful if you have to. FIAT not, I don't care if I have to pay something and I got FIAT, not an issue at all. But selling bitcoin feels bad. That is why I think FIAT might still have a certain function for a very long time. Hope this makes sense.

You are correct, Bitcoin is an investment even though some countries has now legalize it as a legal tender and some supermarket now accept payment with Bitcoin even buying properties a lot of people prefer you pay them with Bitcoin, however a lot of people won't trade there Bitcoin just to buy things in a supermarket or buy car this is because Bitcoin has the tendency of growing to a more bigger money for them so they prefer paying with there fiat currency than there Bitcoin.
However there are some people who can see paying with Bitcoin as no much a big deal and that is those who has reached a fuck you stage where they have accumulated enough and can even decide to quit there job and live by there Bitcoin investment.
You can't expect someone who is still accumulating Bitcoin and has not Accumulated enough to start using his Bitcoin for basic payment, I know some people do it but such persons are not Bitcoin investors.