Buy the DIP, and HODL!

[JayJuanGee]

[edited out]

I was a little confused, and I was a little lazy to re-read, and internalize. But I do believe that price speculation is more quickly priced in today, in the age of information technology, because simply, information is transmitted and received faster than ever before. There are more "knowns" than "unknowns" today in my opinion, and Bitcoin's price is efficient, on the value that it should be. It is real value, not mere speculation, although speculation is a small part of it. Because if it was merely speculation, then I believe Bitcoin would be valued at $500,000 by now. It would be Tulip Mania.

There are all kinds of theories out there that have some truth to them and explanatory aspects, so of course, I do not disagree with ideas in regards to efficiencies of markets to find various gravitation points whether it is gravitating based on speculation regarding future price or gravitating based on the knowledge of current users or future users.. there is going to be valid explanatory effects with these kinds of theories, and probably it is a bit fruitless to attempt to battle why either of us might lean more towards one theory or another - and I think that I adequately explained why I have some problems with such "priced in" theories to the extent that they are attempted to be espoused.

In regards to bitcoin, I still find the stock to flow, 4 year fractal and exponential s-curve adoption based on metcalfe principles and networking effects to be the most valid explanatory models for bitcoin, and sure throw some of that stupid-ass efficiency market dynamics principles here and there.. but you are likely to lead to a lot of dumbass conclusions if you do not prioritze the three models that I am suggesting and also attempt to ascribe way more maturity to bitcoin as an asset class than it deserves (which the efficiency market hypothesis seems to attempt to do - fallaciously, at that    ).

[globalpain]

it seems that now Bitcoin price is in a dip, a big correction is happening now,
that there is Fud about MTGOX, buy and hold, there is a possibility that it will go up again

[buwaytress]

There's no "always" in bitcoin.. unless you believe bitcoin is never going to get above $20k.. Then you may as well sell all your BTC now...

Envy the guy who "always" sells or goes all in on contracts then, if the 20k is never to be broken.

My only headache, which is a good one to have, is that, for how long more will I be able to "cheaply" accumulate? 21 club seemed tough enough when I first fancied a crack, and then BTC never saw 3-digit price not long after. My "worry" is we hit 6-digits values well before I'm ready.

[JayJuanGee]

it seems that now Bitcoin price is in a dip, a big correction is happening now,
that there is Fud about MTGOX, buy and hold, there is a possibility that it will go up again

I would hardly characterize 12% or 13% as a BIG correction.. (from a top of $19,918 to a low today of $17,640) (and that low was about 20 hours ago from the time of this post). Sure such a BIG dippening might happen, but there is nothing really unusual or BIG yet...  The BTC price is still floating around in no man's  land.. we have hardly left no man's land, yet (that is between $17,250 and $23,500), and it is dangerous to be betting on either down or sideways when we are in "no man's zone." 

In other words, we cannot even tell if this is the end of this modest dippening that some peeps believe to be "BIG" or if there is going to be more dippening. 

If you wait for more dip or sideways, and you do not buy at some point in order to prepare yourself for up, then you may well be regretting regretting such waitening at a later date..

Of course, the punchline remains that it is better to be prepared your finances and psychology for either up or down.. and of course, sideways is even less likely, even though it feels that we are in the midst of such sideways.

There's no "always" in bitcoin.. unless you believe bitcoin is never going to get above $20k.. Then you may as well sell all your BTC now...

Envy the guy who "always" sells or goes all in on contracts then, if the 20k is never to be broken.

My only headache, which is a good one to have, is that, for how long more will I be able to "cheaply" accumulate? 21 club seemed tough enough when I first fancied a crack, and then BTC never saw 3-digit price not long after. My "worry" is we hit 6-digits values well before I'm ready.

Well, your forum registration date is September 2016, and of course, soon thereafter, that was the end of 3 digits - even while none of us really knew at the time that early 2017 was the last that we would be seeing three digits.. around March or April 2017, I believe the charts show.

But you can really never know, either.

You only have the cashflow that you have or the ability to move around assets, and it can be quite risky to employ debt  - as seems to be the current Michael Saylor play.. which may end up paying off quite well, but it can be risky for smaller players who do not necessarily got their cashflow shit together.

Something like 21BTC might be a reasonable and fair target, but it may be overkill too, depending on your various finances whether we are considering cashflow, other investments and timeline.. Does not necessarily hurt to have goals, but each of us should still be tailoring the best that we can to our own situation in order that we don't get overinvested, either psychologically or financially - which has screwed up quite a few people who thought they were bitcoin bulls and then they overinvest.. which does not always work out well.

[Wind_FURY]

There's no "always" in bitcoin.. unless you believe bitcoin is never going to get above $20k.. Then you may as well sell all your BTC now...

Envy the guy who "always" sells or goes all in on contracts then, if the 20k is never to be broken.

My only headache, which is a good one to have, is that, for how long more will I be able to "cheaply" accumulate? 21 club seemed tough enough when I first fancied a crack, and then BTC never saw 3-digit price not long after. My "worry" is we hit 6-digits values well before I'm ready.

Never ever post anything, nor verbally tell anyone what price, and when exactly you bought Bitcoin and how much. Where Bitcoin is going during it's phase of price discovery, it's better to be safe than to be a target.

[buwaytress]

Well, your forum registration date is September 2016, and of course, soon thereafter, that was the end of 3 digits - even while none of us really knew at the time that early 2017 was the last that we would be seeing three digits.. around March or April 2017, I believe the charts show.

But you can really never know, either.

You only have the cashflow that you have or the ability to move around assets, and it can be quite risky to employ debt  - as seems to be the current Michael Saylor play.. which may end up paying off quite well, but it can be risky for smaller players who do not necessarily got their cashflow shit together.

Something like 21BTC might be a reasonable and fair target, but it may be overkill too, depending on your various finances whether we are considering cashflow, other investments and timeline.. Does not necessarily hurt to have goals, but each of us should still be tailoring the best that we can to our own situation in order that we don't get overinvested, either psychologically or financially - which has screwed up quite a few people who thought they were bitcoin bulls and then they overinvest.. which does not always work out well.

Indeed. I had an earlier account but forgot the pass or email, but it was when I registered this that I more or less bought into this experiment. I know it was a fancy idea even then... 21 Bitcoins to be 1 of 1 million people possible to have that same amount, even then the amount was beyond me, but had I known what would happen over the next few months, I might have tried "harder"

Debt is something I have a lot of experience with. Once bitten...

No regrets! Still here today and still enjoying myself.

[KTChampions]

I am believer that everything is priced in the market, and that the market is very efficient, but this person, who's responsible for the S2F model, wants me to believe different. Hahaha.

https://pbs.twimg.com/media/EojATEBWMAEjkoJ?format=png&name=large

Mid-7 digits.

What is the rationale for the red line? Has the money supply increased 100 or more times?

I believe it's based on facts, although the model doesn't explain why Bitcoin is priced at 5 digits instead of the 7-digit valuation in the chart.
~

Do you just believe it or have you checked some data?
It would be nice if the author was right (I think all bitcoin supporters would like this) but apparently he plotted the graph incorrectly or simply used the wrong data.

[tabas]

very lucky if you buy Bitcoin when the price of Bitcoin experiences dump 2020 occurs,
a very high increase occurred in this April-December, if this bullish trend still occurs,
then $ 20k might happen again, and Dip? I don't think there will be any more

Can't go back to those prices and the lesson is to buy if you see that the dump happens. We always get to hear something like this when the price of bitcoin gets up.
The action should be taken and buy accordingly to the market's status like if it's dumping and dropping then take that time to start buying. Don't waste that opportunity of buying.

[Wind_FURY]

I am believer that everything is priced in the market, and that the market is very efficient, but this person, who's responsible for the S2F model, wants me to believe different. Hahaha.

https://pbs.twimg.com/media/EojATEBWMAEjkoJ?format=png&name=large

Mid-7 digits.

What is the rationale for the red line? Has the money supply increased 100 or more times?

I believe it's based on facts, although the model doesn't explain why Bitcoin is priced at 5 digits instead of the 7-digit valuation in the chart.
~

Do you just believe it or have you checked some data?

The model for the red line is based on "FED + ECB balance sheets", or "money printing". I asked PlanB where he got the data. I will give you the links if he replies.

It would be nice if the author was right (I think all bitcoin supporters would like this) but apparently he plotted the graph incorrectly or simply used the wrong data.

It's just a model, and like other "forecasting models", they could be wrong from different reasons. For me I believe it's because it's priced in, not wrong data.

[mich]

Buying the Dip and hodling is some of the very best advice you can get from reading here. 

I just wish I followed this good advice when the time comes to push the button.   

Price of Bitcoin now is $17,787 and down 8% is last 7 days so now would be a good time to buy and hodl.

[onecall123]

when it has reached the DIP I am sure that, the bottom is happening,
and the price will recover, don't miss the DIP that is happening in bitcoin now,
you can regret it if you don't buy and hold bitcoin, the price has now fallen to $ 17600, of course this is a good opportunity.

Actually, this is Christmas sell off so this bearish could down bitcoin to $17600 or much more down. Its absolutely impossible to understand what's going to happen next, but surely everything will positive until good news comes our more and more. Indeed good buy in and HODL strong.

[JayJuanGee]

when it has reached the DIP I am sure that, the bottom is happening,
and the price will recover, don't miss the DIP that is happening in bitcoin now,
you can regret it if you don't buy and hold bitcoin, the price has now fallen to $ 17600, of course this is a good opportunity.

Actually, this is Christmas sell off so this bearish could down bitcoin to $17600 or much more down. Its absolutely impossible to understand what's going to happen next, but surely everything will positive until good news comes our more and more. Indeed good buy in and HODL strong.

Bitcoin is not controlled by holiday season bullshit, even though frequently that narrative is espoused as a kind of explanation of what is going on when honey badger gives no shits.

You will thank me later.. perhaps.. unless it goes down to $12k, then maybe you will not thank me.   

[KTChampions]

Do you just believe it or have you checked some data?

The model for the red line is based on "FED + ECB balance sheets", or "money printing". I asked PlanB where he got the data. I will give you the links if he replies.

Okay, thanks in advance. At the moment, this looks only like his forecast. And I can see that if the money is printed as shown on his chart, then the price of bitcoin can be even higher.  However, with such printing of money, any assets will soar in price tens and hundreds of times.

[CapGelatik]

when it has reached the DIP I am sure that, the bottom is happening,
and the price will recover, don't miss the DIP that is happening in bitcoin now,
you can regret it if you don't buy and hold bitcoin, the price has now fallen to $ 17600, of course this is a good opportunity.

Actually, this is Christmas sell off so this bearish could down bitcoin to $17600 or much more down. Its absolutely impossible to understand what's going to happen next, but surely everything will positive until good news comes our more and more. Indeed good buy in and HODL strong.

yes if it drops below $ 17500, then what you have to do is buy gradually,
because we don't know the next strong support yet, but now the Bitcoin price is still staying above $ 19k,
hopefully there won't be any major corrections.

[militiariko]

Investment is more than just buying every dip and hoping for the best. You always have to learn to keep your emotions out of your decision making skills. You need to first do your own research, identify quality platforms, projects, token; your research should let you be able to predict a certain price xx, that you will take profits after buying the dips.

Buying the dips is easy, how about taking profits? Put that into consideration.

[tabas]

Investment is more than just buying every dip and hoping for the best. You always have to learn to keep your emotions out of your decision making skills. You need to first do your own research, identify quality platforms, projects, token; your research should let you be able to predict a certain price xx, that you will take profits after buying the dips.

Projects and token? we're in bitcoin on this thread so basically you buy during the dip for bitcoin.\

Buying the dips is easy, how about taking profits? Put that into consideration.

It's also easy too when you're in profit then start selling. The purpose of holding is to make profit at higher prices and when you decide to do it, you've at least taken that into consideration already. When we say hold, you decide it to do for long term but you'll have time of selling it at the perfect time.

[cytpoway121]

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

Truth is, as long as it is bitcoin; you are allowed  to buy every dip and accumulate enough satoshi's ahead for the future; but while speculating and planning to do this; you also need to dyor and put into consideration the time to buy. Bitcoin is bullish long term and it is one reason why i keep getting bitcoin with my spares, no matter how little.

[Wind_FURY]

seems like there are no more DIP, because the Bitcoin price above $ 20k makes the peak of Bitcoin still unknown,
I myself am still waiting, whether to stop at $ 20700 or stop at $ 25000.

There are ALWAYS market dips, but not like the golden opportunity given to us priced below $10,000. Bitcoin is on a path of price discovery to a 6-digit valuation per coin. It might surge to $75,000, then crash down to $25,000 on 2022. That's your new dip. OR it might crash tomorrow to, $15,000, a golden opportunity in my opinion.

[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

Truth is, as long as it is bitcoin; you are allowed  to buy every dip and accumulate enough satoshi's ahead for the future; but while speculating and planning to do this; you also need to dyor and put into consideration the time to buy. Bitcoin is bullish long term and it is one reason why i keep getting bitcoin with my spares, no matter how little.

It seems that I mostly agree with you, cytpoway121, except you seem to have a kind of hesitancy or a desire to try to time the BTC market.

Sure, this thread seems to have a timing the market idea built into it, but if anyone overthinks the timing the market aspect (rather than just regularly buying at whatever the BTC price might be), then such person may well end up failing to stack enough sats when the BTC price ends up going UPpity rather than correcting, which largely seems to be the case in bitcoinlandia since about the beginning of September when BTC prices were at about $10k to present...   Sure we had a few decent corrections in there, but there may have been some wannabe bitcoin accumulators that were being too greedy and waiting for BIGGER dips, that so far have not happened.  Sure, it is possible that we will dip back down to sub $20k, but it is also possible that we will never again dip below $22k.. so there are a lot of possibilities, and in that regard, each bitcoin stacker wannabe person needs to consider just using some of his/her funds to just buy at whatever the BTC price might be.. and sure keeping some cash available in case the BTC price drops too.. and no matter what, if such person feels that s/he does not have enough BTC, there is going to be some dilemma-like feelings regarding how much is enough to buy at any point and how much to attempt to keep in reserves in the case that BTC prices drop.

when it has reached the DIP I am sure that, the bottom is happening,
and the price will recover, don't miss the DIP that is happening in bitcoin now,
you can regret it if you don't buy and hold bitcoin, the price has now fallen to $ 17600, of course this is a good opportunity.

Actually, this is Christmas sell off so this bearish could down bitcoin to $17600 or much more down. Its absolutely impossible to understand what's going to happen next, but surely everything will positive until good news comes our more and more. Indeed good buy in and HODL strong.

That was many thoughts about the price of Bitcoin, the moment the celebration came when the price of Bitcoin hit $19k made many think that with the sell off during the Christmas will surely bring down the Bitcoin price. There are so many "how i wish on the street of Bitcoin", this surprise caught us unaware, we hope to see more bullish after this celebration(Christmas).

Seems to be one of the main justifications that any kind of preparation in bitcoin should be both for down and up... I have frequently errored on the side of being prepared for UP way more than I am prepared for down, and many times I have been chided for such lopsided UPpity preparation efforts by suggesting that I am paying way too much for my BTC when I could (or could have) gotten sats cheaper.. blah blah blah.. which also seems to be one of the justification that causes some folks to sell some or all of their BTC out of hopes that they can buy more BTC at a cheaper price, which seems to be the wrong mindset in my own thinking and when BTC goes on a UPpity rampage (which it does from time to time, including having had largely done so since early September), then the ones laughing and in comfort are those who had been overly preparing for UP.. in spite of the other various theories about how to "properly" do bitcoin.

[exstasie]

There are ALWAYS market dips, but not like the golden opportunity given to us priced below $10,000. Bitcoin is on a path of price discovery to a 6-digit valuation per coin. It might surge to $75,000, then crash down to $25,000 on 2022. That's your new dip.

Sort of like a mini April 2013 move? That would be quite an emotional ride. Not quite what I'm expecting, but something to keep in mind!

OR it might crash tomorrow to, $15,000, a golden opportunity in my opinion.

Agreed, we can never know exactly when Bitcoin will shake the trees. But based on history we know it will eventually happen, and that the downside is limited. From $23.8K, I'd say the maximum downside is the $14K area. Buy the dip, if it happens.