Buy the DIP, and HODL!

[dragonvslinux]

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

Most people are too scared to actually buy the dip (at least near the bottom) and that's the real problem.

Indeed, this seems to be the biggest issue! Too many people also wanting to buy "the bottom", as opposed to buying near the bottom... At least for those who have substantial positions from lower prices, averaging in further to raise overall average price isn't looking too off-putting right now. Looks better here than from $12K in summer imo, when it seemed that prices could go lower than $10K. Now I'm not really expecting much lower than $12K for pull-back, somewhere between $12-14K would do for me personally.

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[TitanGEL]

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

As for the retracements, I'm anticipating that the price may have rejections at the $13,850 and consolidate in that level. For me it is the ideal pullback for the bitcoin because in that area there is confluence with support and also 50% Fibonacci retracement level where it can add conviction where the price may stay above that area. The current red candle is still good for me as long as the price will not break to the new support. If the current candle manages to hold in the new support level at $15,800, then I'm expecting that there will be price surge again. I think other people prediction is not attainable because they are expecting to see pullbacks lower than $10,000. Right now, for me it is not possible because the demand is now huge.

[Wind_FURY]

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

Most people are too scared to actually buy the dip (at least near the bottom) and that's the real problem.

Indeed, this seems to be the biggest issue! Too many people also wanting to buy "the bottom", as opposed to buying near the bottom... At least for those who have substantial positions from lower prices, averaging in further to raise overall average price isn't looking too off-putting right now. Looks better here than from $12K in summer imo, when it seemed that prices could go lower than $10K. Now I'm not really expecting much lower than $12K for pull-back, somewhere between $12-14K would do for me personally.

From a psychological standpoint, I tell myself that any dip below $10,000 was "a buy". I didn't care if it was $5,000, $7,000, or $9,000. It obviously worked for me.

Although I'm not buying anymore, but if I was, it would be "any dip below $15,000 IS A BUY".

Pleb-style.

[Wind_FURY]

2019 to 2020, "he" was the annoying pleb who kept telling everyone to "Buy the dip, and HODL" during the bear phase.

2022 to 2023, "he" will be the annoying pleb who kept telling everyone "I told you so" during the 6-digit phase.

[ningrum]

This is the right strategy, because dip will always have good things going forward,
especially if you bought Bitcoin when dip came at $ 5000, and now you have got 100% more profit from Bitcoin,
HOLD is not a terrible word.

[JayJuanGee]

This is the right strategy, because dip will always have good things going forward,
especially if you bought Bitcoin when dip came at $ 5000, and now you have got 100% more profit from Bitcoin,
HOLD is not a terrible word.

If you are just getting into bitcoin, then you likely are not going to get any more opportunities to buy at $5k, and even 4 digits is appearing to be very slim odds.

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

Of course, there is value to buying on dips, as OP asserted, but there is also value in making sure that you are adequately "in" BTC too, and you are adequately prepared for UP in case UP happens..  because dips may or may not happen from whatever BTC price point that we are at.. whether we are referring to $18,4xx BTC (the current price) or anticipating some future price point in which we might be figuring out our cashflow and how we may be wanting to strategize our entry into BTC, especially if we do not have any or we feel that we don't have nearly enough BTC to be prepared for possible UP..

[exstasie]

2019 to 2020, "he" was the annoying pleb who kept telling everyone to "Buy the dip, and HODL" during the bear phase.

2022 to 2023, "he" will be the annoying pleb who kept telling everyone "I told you so" during the 6-digit phase.

Don't be that guy. Just gracefully disappear with your riches, and go live it up on a beach somewhere. A few guys I knew from late 2013 went that route.

The actual plebs will figure it all out in their own time. They don't call us early adopters for nothing.

[Wind_FURY]

This is the right strategy, because dip will always have good things going forward,
especially if you bought Bitcoin when dip came at $ 5000, and now you have got 100% more profit from Bitcoin,
HOLD is not a terrible word.

If you are just getting into bitcoin, then you likely are not going to get any more opportunities to buy at $5k, and even 4 digits is appearing to be very slim odds.

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

I worry that some newbies might be discouraged by the "high price", and then buy one of the other "Bitcoins". I believe the trolls will be more aggressive in their disinformation/gaslighting campaign again.

[ololajulo]

People have been expecting the dip for over 4 months but didnt come as they expect but I expect a dump from this pump. Maybe the pump will go on into the December festivity. The last cycle showed 4 or more correction before the parabolic. My concern is the depth of dump and time of recovery, The time of recovery will not be long because I feel the sentiment of FOMO must be maintain throughout the year to sustain fund going into the space for the parabolic.

[JRoa]

People have been expecting the dip for over 4 months but didnt come as they expect but I expect a dump from this pump. Maybe the pump will go on into the December festivity. The last cycle showed 4 or more correction before the parabolic. My concern is the depth of dump and time of recovery, The time of recovery will not be long because I feel the sentiment of FOMO must be maintain throughout the year to sustain fund going into the space for the parabolic.

waiting for DIP will make you in vain, correction will indeed occur but not a massive correction,
this is a healthy correction, and Bitcoin is already above $ 19k, of course Fomo will come and bring it up to $ 20k,
if you don't accumulate it you will regret.

It's a long stride and your need money to accumulate but if the money is not enough, try another strategy. These are not investment you can take profit tomorrow, so you might wait months like we have waited and nobody will like to regret in the season of generational wealth.

Acquiring or accumulation phase takes time especially if you have huge fund, you cannot just buy and use all of your funds in just 1 execution because that kind of risk management is not good or I can say not ideal . There is tranche buying in trading and we can do it accumulation phase, right now the bitcoin is currently trending and the accumulation phase already finished last months.

[dragonvslinux]

This thread is still great, but also still waiting 6 weeks for a dip to buy, in order to continue hodling. Sometimes, dollar cost averaging is a needs must, when lack of tasty dip.

[wheelz1200]

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, https://twitter.com/misir_mahmudov/status/1118243131584065537

Agreed.  People who thought we'd top at $15k and sold off everything are hurting.  Do you buy back in or wait.  You could be top buying or possibly miss the "big run".  Never sell off all the bitcoin you have in hopes of buying back in cheaper.  Not worth the risk

[JayJuanGee]

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, https://twitter.com/misir_mahmudov/status/1118243131584065537

Agreed.  People who thought we'd top at $15k and sold off everything are hurting.  Do you buy back in or wait. 

That seems to be exactly the point that Wind_FURY was making... There is no recommendation in this thread to sell... . buy the dip and HODL does not mean sell.. so you seem to be asking the wrong person in the wrong thread, wheelz1200, when you are asking about the very thing that is being recommended as NOT doing.

You could be top buying or possibly miss the "big run". 

No one seems to give too many shits if you are top buying either.. especially if you HODL for a long enough term, 4 years or more than historically your BTC would have always ended up being profitable.

Sure, each of us should be attempting to buy on dips, but like dragon mentioned, sometimes you just buy at whatever price, especially if you have cash coming in and you wait and wait and the BTC price does not dip.

It is way better to be in bitcoin for a very long time so that you really do not have to feel worried about whether you may have bought some of your coins at higher prices than what you could have otherwise bought, and after a while (hopefully) you will have accumulated enough coins in order that intuitively you start to get a kind of feel for what is a "good enough" or BIG enough" dip to acquire a wee bit more.

Never sell off all the bitcoin you have in hopes of buying back in cheaper.  Not worth the risk

Yes... you seem to have answered your own question... so if you sell too much too soon, then you are back to figuring out what to do, nearly as if you were a beginner bitcoin accumulator... starting over.

[philipma1957]

People have been expecting the dip for over 4 months but didnt come as they expect but I expect a dump from this pump. Maybe the pump will go on into the December festivity. The last cycle showed 4 or more correction before the parabolic. My concern is the depth of dump and time of recovery, The time of recovery will not be long because I feel the sentiment of FOMO must be maintain throughout the year to sustain fund going into the space for the parabolic.

waiting for DIP will make you in vain, correction will indeed occur but not a massive correction,
this is a healthy correction, and Bitcoin is already above $ 19k, of course Fomo will come and bring it up to $ 20k,
if you don't accumulate it you will regret.

17.9 and down down down.


So buy the dip!

[lepbagong]

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

indeed there will be no decline below the price you say and the possibility of it happening is very small. but the decline is only in the range of $ 1K- $ 2K each time there is an increase and then falls back. behavior that has been done several times and continuously, so it is like a short-term investment. with the current price towards the end of the year I predict that bitcoin will go down and do not give the opportunity to increase again with the surprises it often makes. next year is bitcoin to make improvements, we are waiting for the moment.

[exstasie]

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

The market just tagged $16.2K. Like I always say, Bitcoin tends to go further in both directions than most people expect.

Good call so far by philipma1957. Let's see if it plays out:

I would say this thread marks a long correction to under 15k and we don't ever hit the 20k.

If this resembles past BTC bull market corrections, $11K-$13K could still be on the table. I wouldn't bet on seeing $10K or below again though.

[JayJuanGee]

Question is when will the dip actually happen? Many expected it from around $14K including myself, many are hoping from very recent $16.5K top, but could be anywhere between $17.5-20K by the looks of it. The only problem with only buying dips, is that right now there hasn't been one since $12K.

indeed there will be no decline below the price you say and the possibility of it happening is very small. but the decline is only in the range of $ 1K- $ 2K each time there is an increase and then falls back. behavior that has been done several times and continuously, so it is like a short-term investment. with the current price towards the end of the year I predict that bitcoin will go down and do not give the opportunity to increase again with the surprises it often makes. next year is bitcoin to make improvements, we are waiting for the moment.

Historically, we have seen this many many many times in bitcoin price dynamics and even during bull markets in which we might have almost no correction for very extended periods, and normies start to believe (or wrongly conjecture) that the BTC price is ONLY inclined for UPpity.. and then at some point BBBBBAAAAAMMMMM!!!!!

- a 30%, 40% or more correction.... Such correction does not necessarily remove us from the bullmarket or the bull trend, but it sure the fuck shakes out some weak hands.. and it also causes a change in momentum that bearwhales (or just BIG traders) are going to take advantage of such situation to push the BTC price down as far as they can and to keep it down as long as they can...  the amount that they can push it down and the duration of how long they can keep it down is going to vary each time and is quite likely unknowable with any kind of meaningful precision in advance - even though the better traders will be able to get some kind of meaningful gauge of it and be able to profit from it without knowing for sure but attempting to be cautious regarding how they trade it... and maybe even take their profits way before the bottom is reached.. but locks in the profits.

Normies may well not be able to have any kind of clue about how to carry out these kinds of trading matters, so we either buy the dip if we have money or we HODL if we have no money to buy... we do not sell and attempt to figure out the momentum because we are more likely to screw ourselves into having fewer BTC than we started with.. because it can be quite difficult to profit from such situation beyond just buying the dip and HODL.. or DCA at certain points, too.

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

The market just tagged $16.2K. Like I always say, Bitcoin tends to go further in both directions than most people expect.

You are preaching to the choir.  If you did not have any BTC when the price was $19,490, you better start fucking buying or figure out some reasonable way to get some stake into BTC rather than waiting around for a dip that might not happen.  Just because this particular dip ended up happening, does not mean that the dip was inevitable at that particular price point.. blah blah blah.. even though many of us, including yours truly, had pretty decent ideas that a dip was imminent... but we have been thinking that since about $13,880, too... So there is that angle that we cannot really know, and quite a few folks who might well be quite pissed off because they found out about BTC a few months ago (let's say sometime in September) when the BTC price was rising from $10k to $12k but they were waiting for a dip, and the dip did not happen.. so they end up feeling like they are fucked.. yet, they can still figure out plans to DCA, buy on dips and HODL in order to get their stake in bitcoin without trying to time the market with any kind of precision.. but instead to get started rather than waiting around or theorizing too much about how much of a dip that they feel they need before they "go all in" blah blah blah.   

If this resembles past BTC bull market corrections, $11K-$13K could still be on the table. I wouldn't bet on seeing $10K or below again though.

I mostly agree with you on these points, exstasie.

[Wind_FURY]

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

The market just tagged $16.2K. Like I always say, Bitcoin tends to go further in both directions than most people expect.

Good call so far by philipma1957. Let's see if it plays out:

I would say this thread marks a long correction to under 15k and we don't ever hit the 20k.

If this resembles past BTC bull market corrections, $11K-$13K could still be on the table. I wouldn't bet on seeing $10K or below again though.

I wouldn't bet on that as well, BUT if some of our fellow plebs didn't buy/get in, then they should be PRAYING for another golden opportunity of seeing $10,000 or below again. As a Christmas gift?

[JayJuanGee]

Furthermore, if you are just getting into BTC, you might well consider that you might not even be able to get BTC below $18k... - even if the odds are way higher to be able to get BTC below $18k than they are to get BTC in the 4 digits or lower.. but if you are just getting into BTC you don't necessarily want to be greedy and to wait for dips that may not happen.

The market just tagged $16.2K. Like I always say, Bitcoin tends to go further in both directions than most people expect.

Good call so far by philipma1957. Let's see if it plays out:

I would say this thread marks a long correction to under 15k and we don't ever hit the 20k.

If this resembles past BTC bull market corrections, $11K-$13K could still be on the table. I wouldn't bet on seeing $10K or below again though.

I wouldn't bet on that as well, BUT if some of our fellow plebs didn't buy/get in, then they should be PRAYING for another golden opportunity of seeing $10,000 or below again. As a Christmas gift?

Your point, here, is a bit ambiguous, Wind_FURY.  Are you making fun of the fence-sitters? 

I surely like to make fun of the fence sitters.. its a kind of internally deranged joy that I get, from time to time.

[STT]

I don't mind lower prices for that reason, its also how we move over a wider amount of time.   Just selling today only would be pretty bullish, its the markets reaction to this initial sell that matters more then this action currently.    We most definitely had a good strong bullish trend up there, that specific channel up has likely been negated now but doesn't mean there isnt a chance price action develops and consolidates into further bullish action.    I need time really to consider, I'm not going to stand in the way currently; more like watching it progress over this and next week but so far its not a big deal.  I always cycle through the time frames because it helps put focused market moves into a wider context and we are only taking back some of the vast gains that occurred recently.
  The market always wants to shake out weak hands, we traded upwards too fast at the end and that was at least 1 count to weaken its longevity and might also be this weaker main market volume over national holidays was another factor.    I still reckon 2021 is a bigger move then this year, if that is still to be the case then its better we pull back rather then over extend.