Buy the DIP, and HODL!

[JayJuanGee]

And if small focus on one thing then they can continue to take home more profits and that is to limit bitcoin purchases when the market is bullish during the DCAing and double buying when the price is bearish. Although Bitcoin's exchange rate tends to rise like a push-up. By this time Looking forward to the bull run again.

You have ONLY been registered on the forum for a bit more than a month and you already have enough BTC to be fucking around in terms of trying to figure out if BTC is in a bull market or a bear market?

How have you gotten to be so smart so quickly?

Some (supposedly smart) traders (gamblers/influencers) have been letting you know the tricks (secrets) of how to play BTC upcoming price waves?

Investing should not necessarily mean profit.

You will get some sort of return from the investment, may be dividends or may be learning. Not everyone succeeds in investing all the time, some succeed and some fail and learn from failure and move towards success.

But one should not invest in a situation where he has no source of income and is totally dependent on his investment.

You might be correct in everything that you are asserting Jewan420, yet you seem to be referring to trading rather than to investing.

Code:

70k pre-halving 2024

85k - 100k after 2024 halving

Maybe a new cycle bear around 45k low and 250kk at the top in 10 10-year journey.

Dont forget when I said this when it happens, although Jayjuangee made some readjustment

My adjustments were based on other points - including that I though that you were being a bit ridiculous with your numbers... but hey, you can do what you like.  I would not want it to appear that I agree with either your numbers of your approach that seems to be inclined to try to play the upcoming wave to your advantage which may or may not end up working out for you.

There is also the concept of front-loading that could fit within a kind of style for those three as well, and there is also aggressive versus whimpy which surely fall upon a sliding scale in which we might not all agree regarding which is which.

But we both have concent on DCA, Buy the dip and lump sum?
Honestly I don't have idea about these two concepts, they are new to me.

Which two concepts?

I mentioned front-loading.

And also

I mentioned whimpy versus aggressive.

I doubt that I need to explain any of those concepts any further than I already did.  What is to explain?  Maybe you can explain the extent of your understanding about how these kinds of concepts might apply to investing in bitcoin and then we may well end up having something to work with.

Yeah.. too bad about the delay... . and I have decent confidence that bitmover is going to figure out some reasonable path forward... I have gotten into using the tool almost daily, too.. especially if I am responding to posts in which some of various topics could come up related to valuation of holdings and/or even considering where BTC prices are now as compared to where they had been historically.

I too have a look at this site daily or at least once every two day. I am new to this tool and still learning it by trying different values. It's a good thing to train your withdrawal strategy.

You are not at the stage of withdrawing, are you?  In this thread we talk about accumulation.  That withdrawal strategy tool presumes that either you have overly accumulated or that you might have a budget of BTC in which you are placing within the tool, such as if you set up a business or a trust fund with a certain quantity of BTC and they could use the tool as a budgeting/spending guide.

[1715341339]

1715341339

[1715341339]

1715341339

[1715341339]

1715341339

[1715341339]

1715341339

[OgNasty]

Are we considering $66K a dip now?

[adultcrypto]

Are we considering $66K a dip now?

It is already looking like a dip considering the realities on ground.  Firstly, Bitcoin has shown obvious reluctance to go below $60k and have been hovering around $70k, this should be an indication that price lingering around the high of 2021 is just a case of resistance turn into support. I don't want to sound so much like a trader but it is what it is.

Secondly, Bitcoin halving is just around the corner and Bitcoin remaining around the 2021 high, it will be a kind of unusual to expect price to dip so hard. Therefore,  $66k is indeed a dip that anyone should consider buying at lump sum while we wait to see what the halving is bringing to the table.

[Pi-network314159]

Are we considering $66K a dip now?

I see $66k as dip, because dip simply means just dropping from high to low price .but looking the new ATH created by bitcoin which was about $75k and the dip of about $62k you would see that btc price has never dip below that for long now.  that is to say $66k is considered dip. So any body that want to buy at $66k should buy as dip because Btc may never go back to below $66k because we are expecting it to go above $100k. A time will also come when $70k will be considered dip. So as Bitcoin is increasing so do other previous ATH becomes dip.

[Troytech]

That tends to be one of the additional problems when traders are failing/refusing to sufficiently/adequately account for a certain kind of exponential upwards price pressure that exist in bitcoin, so they frequently will either consider the price dynamics of bitcoin as if it were a kind of mature asset or that bitcoin is correlated with mature assets or that everything that goes up must come down and other kinds of insufficient frameworks to consider BTC's price dynamics and potentials that end up costing them a lot of money for not sufficiently/adequately account for such, even when they might have had been successful in their execution of trades for many repeated times, it might ONLY take one or two wrong calls to either completely or mostly wipe them out of both their previous profits and then potentially sufficiently reduce their principle too.

IMO this is a clear reason why anyone who wants to accumulate bitcoin for long term should stay away from any scheme that has something to do with selling and if you look at the risk involved and we were to give a possibility of the outcome that buying back would be possible then we could  be stuck there because there are too many uncertainties involved and no-one can really tell if that risk even has a 0% possibility of happening( my reason beign that just as you said they forget that bitcoin is still an early asset and has more possibility of going even higher and never returning to old prices and even so bitcoinis a very unpredictable asset), then at this point it is more like a gamble and why would anyone who really has good plans to buy more bitcoin consider this as part of his strategy.

Besides if you really wanted to accumulate more bitcoin then you should be more concerned with looking for means to increase our finances to be able able to buy more bitcoin( this could include having multiple income streams or finding ways to move some value we have in other asset to bitcoin just like the last example you gave where the guy has a non taxable event and is able to move up to 12k into bitcoin) which clearly has less risk(would possible pay out better)involved in it than selling to buy back unless anyone who wants to do this would be ready to accept the reality that he bitcoin price might never come back low again and he can end up buying back at an even higher rate than he sold, so this should be one of the senerios in his possible outcome and then if he still wants to proceed with the gamble, it's clearly his choice.

[I_Anime]

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin. From this point of view your profit is appearing small but on a large scale you are deprived of big profit. In this case colored bubbles (small investors who are satisfied with little) maintain their activity in the market. Similarly, large investors tend to have a large size of  buy the dips in the long term to see the ocean waves.

that's more of trading not investing or long-term holding. Trading mostly deal with buy when the price is low (bearish ) and sell when is high (bullish) which those not match with the topic here. When comes to investing or holding for long-term, we don't bother ourselves with timing the Market instead we buy at different price interval using DCA method while we hold for long , and set aside a funds (reserved funds) we can use to buy the dip whenever there's any without it affecting our normal DCA accummulation, and also make use of the other strategies when its convenience. And we keep accummulating and hodl till we are gotten to point if having enough bitcoin in our portfolio (our accumulation goal). Then we can think of taking profit from it whenever is convenience forus , like when there's surge in market prices.

[Justbillywitt]

Are we considering $66K a dip now?

Considering how far bitcoin has come and may obstacles that bitcoin has overcome to get to this point, I won't consider $66k as a dip. The price is a good one for me. Let's not be too greedy in our quest to make more money and forget how well bitcoin has done. For me $66k is a good price and it is not a dip. Bitcoin can't be making new high every day. Anyone calling $66k a dip probably joined bitcoin investment early last month. 15 years ago many of us couldn't believe that bitcoin would ever get to this price, but today some people are calling $66k a dip. We should control our greed and celebrate bitcoin current price, even as we get ready for the full blown bullrun. I know a day will come when some folks here will consider bitcoin at $100k a dip. What an era to be alive.

[michellee]

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

[Hewlet]

Investing should not necessarily mean profit.

You will get some sort of return from the investment, may be dividends or may be learning. Not everyone succeeds in investing all the time, some succeed and some fail and learn from failure and move towards success.

But one should not invest in a situation where he has no source of income and is totally dependent on his investment.


You might be correct in everything that you are asserting Jewan420, yet you seem to be referring to trading rather than to investing.

Yes I mean both traders and investors. But I never support trading. I always like investing in business or investing in other companies.

maybe I should help you get some narrative right.  the reason why you're talking about some people making profit and others making losses in their investment is that you're yet to understand the difference between investing and trading and maybe it's possible that you've been involved in trading to the point it has made you see buying Bitcoin as a 50/50 scenario that can either give you profit or not.

If you're holding on to your Bitcoin, losses is always not a possible factor, it's always the ability to accumulating more and having the patient to holding your accumulation that's the problem. If you've set out the right plan In place and you are able to accumulate more Bitcoin for a given period of time, you will certainly make profit. That's far different from trading that's more of a gambling adventure that eats you up and gives your an average loss at the end of your trading.

Maybe I should also correct that assumption that it's not everyone that succeed in his investment, if you have that kind of mentality, it's going to disturb your ability to managing whatever circumstances that comes your way while holding on to your bitcoin.  Apart from those that might have been impatient with thier Bitcoin investments and probably sold thier holding when they should be accumulating more, it's  never been unprofitable investing into Bitcoin. And always try to narrow your opinion to Bitcoin investments and not comparing it to any other form of investment that might have yielded loss in the process.

[Tmoonz]

Are we considering $66K a dip now?

Considering how far bitcoin has come and may obstacles that bitcoin has overcome to get to this point, I won't consider $66k as a dip. The price is a good one for me. Let's not be too greedy in our quest to make more money and forget how well bitcoin has done. For me $66k is a good price and it is not a dip. Bitcoin can't be making new high every day. Anyone calling $66k a dip probably joined bitcoin investment early last month. 15 years ago many of us couldn't believe that bitcoin would ever get to this price, but today some people are calling $66k a dip. We should control our greed and celebrate bitcoin current price, even as we get ready for the full blown bullrun. I know a day will come when some folks here will consider bitcoin at $100k a dip. What an era to be alive.

It wouldn't be necessary making any form of arguments as regards to whether we are considering $66k a dip now or not. However a dip is considered to be a decline  in price after moving upward to a certain degree, for in instance,  if Bitcoin has made $75k at ATH and now seeing it at $66k that is $75k -$66k =$9k decline has occur which makes it an opportunity for those that where prepared for a certain range of dip to buy more Bitcoin at a price lower than the highest it has created. Hence Bitcoin at $66k should be considered a dip and as an opportunity of buying more Bitcoin and hodl for as long as possible of about 5 to 10 years or more.

[Barikui1]

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

It's actually true that the price of of Bitcoin can deep further considering the fact that it's in a downward trend even on the longer timeframe, but the thing that makes me have a doubt if it's going to go down further is that, the price of Bitcoin now is in a very strong supply and demand zone, which I really don't think it, it can break this his present support level, but as an investor that we are, I really don't think it's necessary to be looking at that if we really want to invest in Bitcoin, so I sees it am opportunity to buy aggressively according to my financial strength through the DCA method am been using to accumulate it, but as a long term thinker that I am, looking at the price chart is not necessary for now, because that price doesn't reflect the actual potential of Bitcoin price in the future.

[Roseline492]

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

In as much as I would love to agree with you but I doubt if it will happen because those words are just based on assumptions and not fact and besides in as much as most people feels that they  can interpret or predict the movement of Bitcoin price doesn't mean that the price will go exactly the way they had predicted because this was a similar case of Bitcoin months ago when the price was consolidating on a zone between $26k to $28k then and there was so many predictions, targets and speculation that the price will likely drop more dipper but at the end reversal was the case and people end up missing opportunity they would have use and accumulate Bitcoin, so right now in terms of investing we shouldn't consider more dip before buying because Bitcoin has already presented a good buying opportunity now, so waiting for more dip is like depriving oneself of buying Bitcoin.

[Mayor of ogba]

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

[Tmoonz]

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin.

At first I will say that I don't think we are discussing much about selling here  but investing and your expression gave an insight of a trading strategy rather than investing making it off topic, buying low and selling high is more like gambling than investing. However when you sell at the time of bullish and planning to buy back when in bearish might make you waiting for too long before entering the market and you may buy higher than your selling point, attempting to time the market can be very wrong approach because Bitcoin may go up and never return back to your speculated bearish season and you may completely missed out of the market.

[Barikui1]

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

I am very sure about it, that people actually knows the danger attached to investing in alt and shit coin, but they mostly let greed for bigger profit becloud their sense of reasoning, you will hear something like this from a motivational speaker that if you can invest in a coin that the price is 0.00000002, if the price gets to 1 dollar, you are f**king rich, which is very much unlikely, and once the price of that coin collapse just as this, forget it, your investment is gone, and the most sad thing is that most of this newbies will never learn.

 But with Bitcoin, even though their may be a sudden collapse in price just as this, it will always recover, because it has proven itself over and over again since it existence that it can rally back, so to me, what is very important is continuity, and Bitcoin gives me that,  so their is no point getting greedy and risking my hard earned money on any alt or shit coin.

[teamsherry]

That tends to be one of the additional problems when traders are failing/refusing to sufficiently/adequately account for a certain kind of exponential upwards price pressure that exist in bitcoin, so they frequently will either consider the price dynamics of bitcoin as if it were a kind of mature asset or that bitcoin is correlated with mature assets or that everything that goes up must come down and other kinds of insufficient frameworks to consider BTC's price dynamics and potentials that end up costing them a lot of money for not sufficiently/adequately account for such, even when they might have had been successful in their execution of trades for many repeated times, it might ONLY take one or two wrong calls to either completely or mostly wipe them out of both their previous profits and then potentially sufficiently reduce their principle too.

IMO this is a clear reason why anyone who wants to accumulate bitcoin for long term should stay away from any scheme that has something to do with selling and if you look at the risk involved and we were to give a possibility of the outcome that buying back would be possible then we could  be stuck there because there are too many uncertainties involved and no-one can really tell if that risk even has a 0% possibility of happening( my reason beign that just as you said they forget that bitcoin is still an early asset and has more possibility of going even higher and never returning to old prices and even so bitcoinis a very unpredictable asset), then at this point it is more like a gamble and why would anyone who really has good plans to buy more bitcoin consider this as part of his strategy.

Besides if you really wanted to accumulate more bitcoin then you should be more concerned with looking for means to increase our finances to be able able to buy more bitcoin( this could include having multiple income streams or finding ways to move some value we have in other asset to bitcoin just like the last example you gave where the guy has a non taxable event and is able to move up to 12k into bitcoin) which clearly has less risk(would possible pay out better)involved in it than selling to buy back unless anyone who wants to do this would be ready to accept the reality that he bitcoin price might never come back low again and he can end up buying back at an even higher rate than he sold, so this should be one of the senerios in his possible outcome and then if he still wants to proceed with the gamble, it's clearly his choice.

I do agree with you on this, another disadvantage of engaging in this kind of practices too early is the risk of getting stuck in such ways and can potentially wreak your mindset and slow down your accumulation process even more than you had intended when you felt that buying back would give you more advantage to acquire more bitcoin, and eventually you end up selling and bitcoin continues to rise and never goes low again , you are either left with two options to quit or to buy back higher and I believe that so many people that sold off to much of their bitcoin too early are in much regret right now.

I wonder if we could put this in a fair hypothetical to further explain this possibility properly.

[I_Anime]

I saw this on X, formally known as Twitter, and I decided to share it here so that some people can see the reason why JayJuanGee keeps saying we should not invest in altcoins and shitcoins.

This Is the result of dealing with shitcoins, just look at the amount the guy invested in a shitcoin with no use or any purpose just in the name of making massive percentage of profits, mennn that's just greedddd. Just imagine investing such amount in Bitcoin it would definitely give a good head start in your Bitcoin accumulating. And the funny thing is that alot of folks won't learn from this , until experience lock in their door and give them a taste of it. So you better learn from others than letting experience to teach the damn hard way you can see that the guy have learned the hard way . Alot folks at there spreading false speculation concerning shitcoins, luring people in invest in some crazy shitcoins, which is so wrong that you have to be careful with kind of information that comes your way expecially in this space , and you can see the dip the shitcoin undergo. The funny thing is that the chances of this coin ever thinking of recovering is pretty low. So try all means to stay away from such investments to prevent such scenario From happening to you .

[laijsica]

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

You're right .... US spot-Bitcoin ETFs have been trending lower this week. Bitcoin is down 10% as of Tuesday morning from its peak in mid-March.  Apparently the price may have this downward trend until the halving. The amount of digital assets around the world continues to decline at a significant rate. Although I wouldn't compare bitcoin to any other currency. But it doesn't seem like the price of bitcoin will drop as much as you said. But golden opportunities have arisen for small investors like us. During this fall period we can increase the level of DCAing to double the rate which in the long term can increase the profit like buying dips and cycle growth rates.

[Moreno233]

You may sell your BTC during the bullish period of, which may be a sign of good business. Now you bought again at the time of low market, here you stayed with Bitcoin and increased the profit margin.

I know people who engaged in this practice and at first it looked like good business and easy money but as time progresses, they usually come back to face reality which is that they have ran out of Bitcoin or have their Bitcoin portfolio depleted with no way of accounting for the profits made. This happens in two ways, the first of it is that when they buy during bear market and sell during bull market, some usually keep this money in their bank or in stable coins and every now and then they will always see a need and will use part of the money to meet such needs. This will continue until the money is seriously diminished. The other way this happen is that they shift their profits from Bitcoin to shit coins with the believe that after the bull season comes the altcoins season. The end of with stories most of the time and I see this as similar to gambling.

There is a high probability that someone who buy and sell across seasons might encounter problem which can have serious impact on his overall portfolio. Instead of this pattern, holding across seasons is better, because those that have been holding since 2013 are heavily in profits now, and same can be said of those that have been holding since 2017 and so on. Bitcoin always gets better with time.

[Marvelockg]

Are we considering $66K a dip now?

I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.

The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.

When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.

You're right .... US spot-Bitcoin ETFs have been trending lower this week. Bitcoin is down 10% as of Tuesday morning from its peak in mid-March.  Apparently the price may have this downward trend until the halving. The amount of digital assets around the world continues to decline at a significant rate. Although I wouldn't compare bitcoin to any other currency. But it doesn't seem like the price of bitcoin will drop as much as you said. But golden opportunities have arisen for small investors like us. During this fall period we can increase the level of DCAing to double the rate which in the long term can increase the profit like buying dips and cycle growth rates.

you know we can't always jump into conclusions whenever bitcoin goes dip a bit at a particular week and then change our opinion when it suddenly goes high again.  It's been regularly reiterated that you only know that you're in a dip or bull market after the season has past and then the price of Bitcoin iether goes high or comes down. What was looked at in the past as an ATH would later become  a seriously dip and that has been how the system worked till we have the current ATH that will in the future become a dip. Know that event will always play out to either increase or decrease the value of Bitcoin every week and we've seen how Bitcoin has looked a bit stable from the range of $68k to $70k for almost a week after which we are anticipating a serious surge that will probably lead us to $100k or above. The issue is that when you spend all your time looking at what particular price is a DIP or which isn't, you're indirectly putting yourself in an unnecessary pressure and you're looking like some that's in search of quick gains and not some one that's ready to HOLD long enough.

These analysis are all speculation that may or may not happen out the same way we assume it will and exception of people that might have reached their accumulation goal and have excess reserve that can go into buying during special dips, it's never too necessary to look at $66k as a dip or not. What you're after is that you are able to buy up as much as you can and not get into the thought of slowing down on your accumulation because you want the market to go further dip than it current price. It was just few weeks ago that we saw a new ATH but it doesn't make any serious difference to someone that still has a long way to go in his stacking and has probably two or more to comtine stacking and is never thinking on selling anytime soon. The goal is to continue buying in line with our DCA routine and maybe increase our the amount we will use in buying during special dips but overly being concerned about which particular price is a dip or not wouldn't make any difference at all.