Buy the DIP, and HODL!

[JayJuanGee]

[edited out]

It’s OK JuanJayGee, I know who I am. I’m only human, making many mistakes, and who gets very excited easily on Bitcoin’s every surge.

hahahaha

Don't worry.  I am not trying to fix you.. that might be a lost cause.. hahahahaha

But am I truly wrong in believing that the Bitcoin market’s current actions want it to go back, and be like it was the final week January again? Another surge, and Bitcoin would back to the path of reaching a price with 6 digits. Plus when I started the topic only few believed me, when I said that Bitcoin would be a World Reserve Currency, few also believed, but we currently see the actions of some countries’ politicians point to it becoming real.

Nothing wrong with having bullish ideas, so long as you do not get too worked up in believing that you have high levels of certainty of short-term BTC price movements,

I’m the stupid one, and repeatedly say it in the forum, nor have I believed that I have high levels of accuracy, BUT I might currently be right. The stupid one can be right too. Hahaha.

Is there some reason that you want to be right?

I am just thinking that it does not matter very much.... and maybe that is some of the battle that I have with the underlying premise of this thread.... because from my perspective the main ideas in investing in something (such as bitcoin) that is really highly volatile is to attempt to prepare for a variety of scenarios, including extreme scenarios, and there is almost no way to be right, so if you do happen to be right, it is likely a kind of luck and therefore a so fucking what... so I am having some troubles in regards to either being right or wanting to be right about something that is dependent upon a whole hell of a lot of variables.. .

Sure, of course, many of us are investing into bitcoin because we recognize and appreciate the fundamental values and/or upside scenarios in regards to where bitcoin is going or might go, but even if there is a strong thesis for bitcoin's long term investment thesis, we can also appreciate that in the short term, the asset can be manipulated all over the place, so it becomes very difficult to really know the short term with any level of certainty.. so if you happen to get some kind of short term prediction right... so what?

Are you short term trading?  or just buying on dips so asserting that the dip is in and anyone who has not already bought the dip, better buy.. so sure, there might be some value in that.. I suppose.

and for sure the world reserve currency question has been contemplated since the beginning of bitcoin, so you are hardly saying anything new if you are wanting to proclaim that you made various strong assertions about bitcoin in April 2019, when you created this thread.

I have never heard anyone say it with strong convictions among the infuencial members of Bitcointalk.

Oh gawd.  What about Hal Finney in 209.?   there are all kinds of examples if you are not just selectively making your claims that you are the first person to figure it out in 2019.. I am not going to waste my time to research the fucking 1,000s of peeps in bitcoin who said the same thing way before you... get a grip  Wind_FURY

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

Perhaps I am way more interested in guys figuring out their investment strategies rather than making BIG baller claims and assigning high levels of certainty to such claims. 

Don’t take the fun out of it, ser. I like to be the stupid one.

There is nothing wrong with trying to have fun and humor.. but having a goal of wanting to be stupid seems a bit weird... but again.. do what you like.

[Wind_FURY]

[edited out]

It’s OK JuanJayGee, I know who I am. I’m only human, making many mistakes, and who gets very excited easily on Bitcoin’s every surge.

hahahaha

Don't worry.  I am not trying to fix you.. that might be a lost cause.. hahahahaha

But am I truly wrong in believing that the Bitcoin market’s current actions want it to go back, and be like it was the final week January again? Another surge, and Bitcoin would back to the path of reaching a price with 6 digits. Plus when I started the topic only few believed me, when I said that Bitcoin would be a World Reserve Currency, few also believed, but we currently see the actions of some countries’ politicians point to it becoming real.

Nothing wrong with having bullish ideas, so long as you do not get too worked up in believing that you have high levels of certainty of short-term BTC price movements,

I’m the stupid one, and repeatedly say it in the forum, nor have I believed that I have high levels of accuracy, BUT I might currently be right. The stupid one can be right too. Hahaha.

Is there some reason that you want to be right?

I am just thinking that it does not matter very much.... and maybe that is some of the battle that I have with the underlying premise of this thread.... because from my perspective the main ideas in investing in something (such as bitcoin) that is really highly volatile is to attempt to prepare for a variety of scenarios, including extreme scenarios, and there is almost no way to be right, so if you do happen to be right, it is likely a kind of luck and therefore a so fucking what... so I am having some troubles in regards to either being right or wanting to be right about something that is dependent upon a whole hell of a lot of variables.. .

Sure, of course, many of us are investing into bitcoin because we recognize and appreciate the fundamental values and/or upside scenarios in regards to where bitcoin is going or might go, but even if there is a strong thesis for bitcoin's long term investment thesis, we can also appreciate that in the short term, the asset can be manipulated all over the place, so it becomes very difficult to really know the short term with any level of certainty.. so if you happen to get some kind of short term prediction right... so what?

Are you short term trading?  or just buying on dips so asserting that the dip is in and anyone who has not already bought the dip, better buy.. so sure, there might be some value in that.. I suppose.

No, it doesn’t matter to me, but it does make me feel happy if I’m right. Anyone would. Are you annoyed? You sound annoyed. Does it matter to you?

and for sure the world reserve currency question has been contemplated since the beginning of bitcoin, so you are hardly saying anything new if you are wanting to proclaim that you made various strong assertions about bitcoin in April 2019, when you created this thread.

I have never heard anyone say it with strong convictions among the infuencial members of Bitcointalk.

Oh gawd.  What about Hal Finney in 209.?   there are all kinds of examples if you are not just selectively making your claims that you are the first person to figure it out in 2019.. I am not going to waste my time to research the fucking 1,000s of peeps in bitcoin who said the same thing way before you... get a grip  Wind_FURY

Did I claim to be the first? I always claim to be the stupid one, remember? But I can claim that I am one of the people who truly believed it enough with conviction, looking stupid or not.

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Perhaps I am way more interested in guys figuring out their investment strategies rather than making BIG baller claims and assigning high levels of certainty to such claims. 

Don’t take the fun out of it, ser. I like to be the stupid one.

There is nothing wrong with trying to have fun and humor.. but having a goal of wanting to be stupid seems a bit weird... but again.. do what you like.

 

[JayJuanGee]

[edited out]

It’s OK JuanJayGee, I know who I am. I’m only human, making many mistakes, and who gets very excited easily on Bitcoin’s every surge.

hahahaha

Don't worry.  I am not trying to fix you.. that might be a lost cause.. hahahahaha

But am I truly wrong in believing that the Bitcoin market’s current actions want it to go back, and be like it was the final week January again? Another surge, and Bitcoin would back to the path of reaching a price with 6 digits. Plus when I started the topic only few believed me, when I said that Bitcoin would be a World Reserve Currency, few also believed, but we currently see the actions of some countries’ politicians point to it becoming real.

Nothing wrong with having bullish ideas, so long as you do not get too worked up in believing that you have high levels of certainty of short-term BTC price movements,

I’m the stupid one, and repeatedly say it in the forum, nor have I believed that I have high levels of accuracy, BUT I might currently be right. The stupid one can be right too. Hahaha.

Is there some reason that you want to be right?

I am just thinking that it does not matter very much.... and maybe that is some of the battle that I have with the underlying premise of this thread.... because from my perspective the main ideas in investing in something (such as bitcoin) that is really highly volatile is to attempt to prepare for a variety of scenarios, including extreme scenarios, and there is almost no way to be right, so if you do happen to be right, it is likely a kind of luck and therefore a so fucking what... so I am having some troubles in regards to either being right or wanting to be right about something that is dependent upon a whole hell of a lot of variables.. .

Sure, of course, many of us are investing into bitcoin because we recognize and appreciate the fundamental values and/or upside scenarios in regards to where bitcoin is going or might go, but even if there is a strong thesis for bitcoin's long term investment thesis, we can also appreciate that in the short term, the asset can be manipulated all over the place, so it becomes very difficult to really know the short term with any level of certainty.. so if you happen to get some kind of short term prediction right... so what?

Are you short term trading?  or just buying on dips so asserting that the dip is in and anyone who has not already bought the dip, better buy.. so sure, there might be some value in that.. I suppose.

No, it doesn’t matter to me, but it does make me feel happy if I’m right. Anyone would. Are you annoyed? You sound annoyed. Does it matter to you?

I doubt that I am annoyed as much as you are considering my annoyance to be important.

I already made my point, so I am not sure what my annoyance, if any, has to do with the matter.

and for sure the world reserve currency question has been contemplated since the beginning of bitcoin, so you are hardly saying anything new if you are wanting to proclaim that you made various strong assertions about bitcoin in April 2019, when you created this thread.

I have never heard anyone say it with strong convictions among the infuencial members of Bitcointalk.

Oh gawd.  What about Hal Finney in 209.?   there are all kinds of examples if you are not just selectively making your claims that you are the first person to figure it out in 2019.. I am not going to waste my time to research the fucking 1,000s of peeps in bitcoin who said the same thing way before you... get a grip  Wind_FURY

Did I claim to be the first? I always claim to be the stupid one, remember? But I can claim that I am one of the people who truly believed it enough with conviction, looking stupid or not.

Just might be a different way of thinking about matters and if there is some need for recognition or credit...

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies, and some of us invest into bitcoin because we believe that its sound money aspects are going to continue to cause value to gravitate into it and for bitcoin to increase in value greater than other assets, relatively speaking...and sure at some point, governments around the world might start to recognize bitcoin as their unit of account or their transactional currency.

So, sure it does seem inevitable that value will continue to gravitate into bitcoin in such a way that it becomes more and more the base for everything else.. and whether there is a gradual then suddenly timeline that can be placed upon it, is not something that I give many shits in exploring.. bitcoin has already provided me a lot of value.. and it has performed quite a bit beyond the more bullish of expectations.. but it is still on a trajectory that takes time.. even though it is progressing quite well with the passage of time.

By the way, let's see how El Salvador works out, and if there are other countries wanting to imitate it, so there is the legal tender matter, but there is also the matter of governments holding Bitcoin in their reserves.. so El Salvador is a kind of beginning, but I still doubt that 20 years would be a sufficient time for the contagion of bitcoin to spread to be classified as a world reserve currency.  We will see.. we will see.

Perhaps I am way more interested in guys figuring out their investment strategies rather than making BIG baller claims and assigning high levels of certainty to such claims. 

Don’t take the fun out of it, ser. I like to be the stupid one.

There is nothing wrong with trying to have fun and humor.. but having a goal of wanting to be stupid seems a bit weird... but again.. do what you like.

 

And remember arguing for the mere sake of it can be problematic... but you do you.

[Wind_FURY]

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies,

That’s true, but it can also be helpful to research about Bitcoin and it’s effect on Macroeconomics, and know the theories why it might have a great impact on the behavior, and the current structure of the world’s economy as whole.

and some of us invest into bitcoin because we believe that its sound money aspects are going to continue to cause value to gravitate into it and for bitcoin to increase in value greater than other assets, relatively speaking...and sure at some point, governments around the world might start to recognize bitcoin as their unit of account or their transactional currency.

Any country might, like El Salvador, or can, but I believe Bitcoin has not reached a level of liquidity to maintain stability to be an accepted unit of account, or transactional currency. But as a Reserve Currency for governments to hold in significant quantities? More possible.

So, sure it does seem inevitable that value will continue to gravitate into bitcoin in such a way that it becomes more and more the base for everything else.. and whether there is a gradual then suddenly timeline that can be placed upon it, is not something that I give many shits in exploring.. bitcoin has already provided me a lot of value.. and it has performed quite a bit beyond the more bullish of expectations.. but it is still on a trajectory that takes time.. even though it is progressing quite well with the passage of time.

By the way, let's see how El Salvador works out, and if there are other countries wanting to imitate it, so there is the legal tender matter, but there is also the matter of governments holding Bitcoin in their reserves.. so El Salvador is a kind of beginning, but I still doubt that 20 years would be a sufficient time for the contagion of bitcoin to spread to be classified as a world reserve currency.  We will see.. we will see.

Front run the government, buy the dip and HODL.

[JayJuanGee]

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies,

That’s true, but it can also be helpful to research about Bitcoin and it’s effect on Macroeconomics, and know the theories why it might have a great impact on the behavior, and the current structure of the world’s economy as whole.

Nothing wrong with studying, but if this thread happens to be about buying the dip and HODLing, do you believe that bitcoin becoming the world reserve currency (if and when it does) has very much to do with the subject area of the thread which seems to me would be that anyone who is investing into bitcoin within the premise and guidelines of this thread would be considering that bitcoin's fundamentals are strong, to justify investing into it.. sure bitcoin becoming a world reserve currency can be part of that thesis to motivate investing, but I doubt that anyone should have to have bitcoin come even close to world reserve status in order to profit stupendously beyond a lot of other options currently available.

In other words, seems to NOT be any kind of necessary or immediate condition and seems to be beyond the original topic and not even that necessary to fold into the topic in order to discuss reasons for buying on dip and HODLing.. and I believe that lump sum investing and DCAing are a lot closer and better topics... because seems to me that there is already a kind of assumption in this thread regarding long term prospects of bitcoin and so getting to world reserve status is a kind of a matter of degree rather than a matter of already assumed BTC price direction....

and some of us invest into bitcoin because we believe that its sound money aspects are going to continue to cause value to gravitate into it and for bitcoin to increase in value greater than other assets, relatively speaking...and sure at some point, governments around the world might start to recognize bitcoin as their unit of account or their transactional currency.

Any country might, like El Salvador, or can, but I believe Bitcoin has not reached a level of liquidity to maintain stability to be an accepted unit of account, or transactional currency. But as a Reserve Currency for governments to hold in significant quantities? More possible.

Yes.. seems inevitable that a variety of these kinds of things are going to happen with BIGGER and BIGGER players getting more involved in bitcoin in various ways.

So, sure it does seem inevitable that value will continue to gravitate into bitcoin in such a way that it becomes more and more the base for everything else.. and whether there is a gradual then suddenly timeline that can be placed upon it, is not something that I give many shits in exploring.. bitcoin has already provided me a lot of value.. and it has performed quite a bit beyond the more bullish of expectations.. but it is still on a trajectory that takes time.. even though it is progressing quite well with the passage of time.

By the way, let's see how El Salvador works out, and if there are other countries wanting to imitate it, so there is the legal tender matter, but there is also the matter of governments holding Bitcoin in their reserves.. so El Salvador is a kind of beginning, but I still doubt that 20 years would be a sufficient time for the contagion of bitcoin to spread to be classified as a world reserve currency.  We will see.. we will see.

Front run the government, buy the dip and HODL.

And lump sum invest and DCA as well... jajajajajaja

 

[Wind_FURY]

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies,

That’s true, but it can also be helpful to research about Bitcoin and it’s effect on Macroeconomics, and know the theories why it might have a great impact on the behavior, and the current structure of the world’s economy as whole.

Nothing wrong with studying, but if this thread happens to be about buying the dip and HODLing, do you believe that bitcoin becoming the world reserve currency (if and when it does) has very much to do with the subject area of the thread which seems to me would be that anyone who is investing into bitcoin within the premise and guidelines of this thread would be considering that bitcoin's fundamentals are strong, to justify investing into it..

OF COURSE. Anything can be discussed in the topic. Bitcoin and Macroeconomics, HODL-style investing strategy + DCA, Technical Analysis, Bitcoin and politics, technical development topics, ANYTHING. Don’t limit the discussion on only one thing. It’s good to learn from various discussions/debates.

sure bitcoin becoming a world reserve currency can be part of that thesis to motivate investing, but I doubt that anyone should have to have bitcoin come even close to world reserve status in order to profit stupendously beyond a lot of other options currently available.

In other words, seems to NOT be any kind of necessary or immediate condition and seems to be beyond the original topic and not even that necessary to fold into the topic in order to discuss reasons for buying on dip and HODLing.. and I believe that lump sum investing and DCAing are a lot closer and better topics... because seems to me that there is already a kind of assumption in this thread regarding long term prospects of bitcoin and so getting to world reserve status is a kind of a matter of degree rather than a matter of already assumed BTC price direction....

I respect your opinion, but I encourage more discussions to learn different reasons to Buy the DIP, and HODL.

[JayJuanGee]

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies,

That’s true, but it can also be helpful to research about Bitcoin and it’s effect on Macroeconomics, and know the theories why it might have a great impact on the behavior, and the current structure of the world’s economy as whole.

Nothing wrong with studying, but if this thread happens to be about buying the dip and HODLing, do you believe that bitcoin becoming the world reserve currency (if and when it does) has very much to do with the subject area of the thread which seems to me would be that anyone who is investing into bitcoin within the premise and guidelines of this thread would be considering that bitcoin's fundamentals are strong, to justify investing into it..

OF COURSE. Anything can be discussed in the topic. Bitcoin and Macroeconomics, HODL-style investing strategy + DCA, Technical Analysis, Bitcoin and politics, technical development topics, ANYTHING. Don’t limit the discussion on only one thing. It’s good to learn from various discussions/debates.

sure bitcoin becoming a world reserve currency can be part of that thesis to motivate investing, but I doubt that anyone should have to have bitcoin come even close to world reserve status in order to profit stupendously beyond a lot of other options currently available.

In other words, seems to NOT be any kind of necessary or immediate condition and seems to be beyond the original topic and not even that necessary to fold into the topic in order to discuss reasons for buying on dip and HODLing.. and I believe that lump sum investing and DCAing are a lot closer and better topics... because seems to me that there is already a kind of assumption in this thread regarding long term prospects of bitcoin and so getting to world reserve status is a kind of a matter of degree rather than a matter of already assumed BTC price direction....

I respect your opinion, but I encourage more discussions to learn different reasons to Buy the DIP, and HODL.

We have covered this before.  There are forum rules about deviation from thread topics.  Does not matter if you are the OP or not, and of course small amounts of deviation will be tolerated, otherwise it is a new thread... if you change the topic of the thread as we go along, probably a lot of members would get frustrated with that, including yours truly.  Try to have some respect for the thread topic, including members who come to the topic expecting what was in the description (and perhaps the opening post, too)...

[Wind_FURY]

It might be because they didn’t want to look stupid. It doesn’t matter who said it first, or who last said it, the Honey Badger don’t care.

You probably need to research more.. but still like you said, it does not matter very much, unless some peeps are trying to act like they first came up with some idea or frameworks.. but hey whatever, do what you like..

I admit I do. I have so much to learn. Which brings me to a question, just out of curiousity of knowing the thoughts of Bitcoin OGs like you. When, do you believe, will Bitcoin be a World Reserve Currency? Within 20 years?

Value is going to continue to gravitate into bitcoin, yet 20 years seems too soon....

Bitcoin is successful whether or not it ever becomes a world reserve currency.. and the personal investment thesis into bitcoin remains strong.. so sure, you can contemplate more macro ideas, that's fine, but this thread is about personal investment strategies,

That’s true, but it can also be helpful to research about Bitcoin and it’s effect on Macroeconomics, and know the theories why it might have a great impact on the behavior, and the current structure of the world’s economy as whole.

Nothing wrong with studying, but if this thread happens to be about buying the dip and HODLing, do you believe that bitcoin becoming the world reserve currency (if and when it does) has very much to do with the subject area of the thread which seems to me would be that anyone who is investing into bitcoin within the premise and guidelines of this thread would be considering that bitcoin's fundamentals are strong, to justify investing into it..

OF COURSE. Anything can be discussed in the topic. Bitcoin and Macroeconomics, HODL-style investing strategy + DCA, Technical Analysis, Bitcoin and politics, technical development topics, ANYTHING. Don’t limit the discussion on only one thing. It’s good to learn from various discussions/debates.

sure bitcoin becoming a world reserve currency can be part of that thesis to motivate investing, but I doubt that anyone should have to have bitcoin come even close to world reserve status in order to profit stupendously beyond a lot of other options currently available.

In other words, seems to NOT be any kind of necessary or immediate condition and seems to be beyond the original topic and not even that necessary to fold into the topic in order to discuss reasons for buying on dip and HODLing.. and I believe that lump sum investing and DCAing are a lot closer and better topics... because seems to me that there is already a kind of assumption in this thread regarding long term prospects of bitcoin and so getting to world reserve status is a kind of a matter of degree rather than a matter of already assumed BTC price direction....

I respect your opinion, but I encourage more discussions to learn different reasons to Buy the DIP, and HODL.

We have covered this before.  There are forum rules about deviation from thread topics.  Does not matter if you are the OP or not, and of course small amounts of deviation will be tolerated, otherwise it is a new thread... if you change the topic of the thread as we go along, probably a lot of members would get frustrated with that, including yours truly.  Try to have some respect for the thread topic, including members who come to the topic expecting what was in the description (and perhaps the opening post, too)...

It’s debatable whether discussing about the macroeconomics of Bitcoin, or the politics, or if someone shared his/her own technical/fundamental analysis or his/her own variation of HODL-style investment strategy, is “off-topic” because all that can be encouraging for the philosophy of Buy the DIP and HODL.

You, ser, are nitpicking.

[Wind_FURY]

I believe that we should give it 2 more days of red daily candles before everyone starts asking if the recent surge is just a “bull trap”, and other posts again will say that it’s a bear market. Plus witness those trolls who went silent during the surge to re-emerge, then bump their FUD topics.

[JayJuanGee]

I believe that we should give it 2 more days of red daily candles before everyone starts asking if the recent surge is just a “bull trap”, and other posts again will say that it’s a bear market. Plus witness those trolls who went silent during the surge to re-emerge, then bump their FUD topics.

Not sure about what you are talking about.

If you are referring to daily candles, then we have 4 daily green candles and 1 daily red candle.  So far, and if you zoom out, we had 10 daily greens, then 4 daily reds, 4 daily greens, and 1 red, so far.

We are in the midst of a second daily red candle.. but our current daily candle is not even half way done yet.  It opened at $43,836, and the current price is bouncing right around $400 below the opening pricel 

To me the current BTC price action seems hardly anything of significance, thus hardly any significance should be implied to be coming from what anyone might say, in terms of short-term BTC price movement that still seems to be quite a bit at the top of a tentative price range that still seems to be pushing UPpity.. at least so far.

By the way, I will concede that our local high of $45,355 (around 25 hours ago) is still NOT quite enough to allow us to have a lot of confidence that the bottom (or $28,600) is "in" for this correction cycle... but surely getting close to a point to be able to raise the confidence that the bottom is in.. including that we still are likely in a bull market.. so hopefully no one is trying to suggest behaviors (especially in a thread like this) of anything much more sophisticated than buying the dip and HODLing.. even though I do understand that some folks (including yours truly) do like to shave some profits off as the price is going up in order to be able to use that money to buy more on the dip, if there is any more significant dip from here ($43,547 as I type this post), so in that regard, we should maintain in mind that in the past three weeks we have come up a bit over 50% from $49,296 to $45,355 from yesterday, so there should NOT be too much of any kind of surprise to have some pause in the UP from here, even though such pause in the up from here is not a necessary condition in order for the BTC price to just continue on its UPwards path.

[Wind_FURY]

I believe that we should give it 2 more days of red daily candles before everyone starts asking if the recent surge is just a “bull trap”, and other posts again will say that it’s a bear market. Plus witness those trolls who went silent during the surge to re-emerge, then bump their FUD topics.

Not sure about what you are talking about.

If you are referring to daily candles, then we have 4 daily green candles and 1 daily red candle.  So far, and if you zoom out, we had 10 daily greens, then 4 daily reds, 4 daily greens, and 1 red, so far.

We are in the midst of a second daily red candle.. but our current daily candle is not even half way done yet.  It opened at $43,836, and the current price is bouncing right around $400 below the opening pricel 

Read the post again. I’m not talking about what happened “so far”, I’m talking about giving it 2 more days of red daily candles before the trolls re-emerge, and the bears mistake their winter for spring.

To me the current BTC price action seems hardly anything of significance, thus hardly any significance should be implied to be coming from what anyone might say, in terms of short-term BTC price movement that still seems to be quite a bit at the top of a tentative price range that still seems to be pushing UPpity.. at least so far.

By the way, I will concede that our local high of $45,355 (around 25 hours ago) is still NOT quite enough to allow us to have a lot of confidence that the bottom (or $28,600) is "in" for this correction cycle... but surely getting close to a point to be able to raise the confidence that the bottom is in..

Then what price point would give you more confidence that the bottom is in? $50,000?

[JayJuanGee]

I believe that we should give it 2 more days of red daily candles before everyone starts asking if the recent surge is just a “bull trap”, and other posts again will say that it’s a bear market. Plus witness those trolls who went silent during the surge to re-emerge, then bump their FUD topics.

Not sure about what you are talking about.

If you are referring to daily candles, then we have 4 daily green candles and 1 daily red candle.  So far, and if you zoom out, we had 10 daily greens, then 4 daily reds, 4 daily greens, and 1 red, so far.

We are in the midst of a second daily red candle.. but our current daily candle is not even half way done yet.  It opened at $43,836, and the current price is bouncing right around $400 below the opening pricel  

Read the post again. I’m not talking about what happened “so far”, I’m talking about giving it 2 more days of red daily candles before the trolls re-emerge, and the bears mistake their winter for spring.

No need for me to reread what I already read (before typing my previous post).

To me the current BTC price action seems hardly anything of significance, thus hardly any significance should be implied to be coming from what anyone might say, in terms of short-term BTC price movement that still seems to be quite a bit at the top of a tentative price range that still seems to be pushing UPpity.. at least so far.

By the way, I will concede that our local high of $45,355 (around 25 hours ago) is still NOT quite enough to allow us to have a lot of confidence that the bottom (or $28,600) is "in" for this correction cycle... but surely getting close to a point to be able to raise the confidence that the bottom is in..

Then what price point would give you more confidence that the bottom is in? $50,000?

Sure, a minor difference, but I had been saying that supra $46k would help me to feel greater levels of confidence about the bottom being in.. so sure, the further that we are from the bottom the greater the confidence, and it is good to be nearly getting above that $46k mark.. in order to attempt to perform some further assessment.

Tentatively, let's assume that the $46k is crossed in the coming hours or day or two at most, then instead of having a 55/45 level of confidence that the bottom is in, my confidence would jump all the way up to about 63/37.. so yeah, it is just incremental increases in confidence... at least, that's how I attempt to consider these kinds of price direction anticipation matters.

By the way, there is not really much difference between $46k and $53k, as far as I can see... but hey take these price movements with a grain of salt.... they have not happened until they happen, but there should not be too much resistance between $46k and $53k, presuming that we get above $46k at some point, soon.. seeing $45,900 as I type this post...

[Kusman]

Actually it is not like "You don't have another choice.". Yes, it is always much better to buy from the dip price. But it is not easy to know what the dip is also. For example, Bitcoin price was $29k not a long time ago. And many people were thinking that this fall would continue until even a level between $10k and $20k. But it wasn't the case. It was the dip and people who bought then are really lucky now.

[JayJuanGee]

Actually it is not like "You don't have another choice.". Yes, it is always much better to buy from the dip price. But it is not easy to know what the dip is also. For example, Bitcoin price was $29k not a long time ago. And many people were thinking that this fall would continue until even a level between $10k and $20k. But it wasn't the case. It was the dip and people who bought then are really lucky now.

Well if you are in a BTC accumulation phase of your investment, then it seems better to have a system in which you are attempting to cover a variety of scenarios, including to buy on dip, to be able to buy on more dip, and to just buy regularly whether there is any dip or not, so in times, like this when the BTC price is going up, at least on paper you are likely to be seeing your BTC holdings to be in profits.... so sure, some luck, but also some payoff from consistent behavior.

Some folks do not want to be buying in frequent manners, and they are trying to lump sum invest and to time BIGGER dips, and I agree sometimes those kinds of buyers are going to end UP not sufficiently preparing themselves for UP because they are waiting too long and waiting for too low of BTC price dips that do not end up happening, and surely this time around we have seen a quite a few folks calling for more DOWN BTC price movements, even after we had already visited sub $30k BTC price territories a few times (which was already well over 50% - up to 56% - correction from our mid-April $64,895 top). 

Each person does need to determine how to attempt to prepare and to follow through with his/her BTC accumulations strategies and carrying out.  I personally consider buying on dips to be a more advanced strategy that should supplement the more basic and preferable DCA technique or to be employed after already having had sufficiently accumulated enough BTC.

Like I mentioned our current, teetering around and above $46k does lend quite a bit higher likelihood that the bottom of $28,600 is already in, but does not mean that we will not have dips or that a less than likely scenario would end up playing out in which $28,600 ends up getting tested and/or breached... further more seems to be better to be preparing ourselves based on more likely rather than less likely scenarios, so at this point the price dynamics and pressures do seem to be ongoingly UP, but does not mean that we still might not get some price dips along the way.. but even getting down to $28,600 would be getting into a 40% price correction, so perhaps getting dips in the 10% to 15% arena, while we seem to be going UP would be amongst the higher of outcomes to buy some more BTC on dips in case it happens.

[jakdanyel]

Buying the dip is always the best choice, I agree. I think that people who buy the dip only are the ones who make the most profit compared to the other type of investors. But they make that much profit in a long term of course. HODLers can lose and make lots of money on this road. But in the end, they will reach their goal as long as they are patient and don't panic-sell in this period.

[Wind_FURY]

Actually it is not like "You don't have another choice.". Yes, it is always much better to buy from the dip price. But it is not easy to know what the dip is also.

It will be easier, and you would become less fearful if you zoom out. The “crash” from $64,000 to $29,000 would merely be a correction in Bitcoin’s path to 6 digits from that perspective.

For example, Bitcoin price was $29k not a long time ago. And many people were thinking that this fall would continue until even a level between $10k and $20k. But it wasn't the case. It was the dip and people who bought then are really lucky now.

The “many people” didn’t zoom out, and they might have never considered Bitcoin as a multi-generational protocol. Bitcoin has NOT reached the moon in my opinion.

[Spack17]

This is my motto actually. Buying the dip is always good. I think that noone can deny that. If you are lucky and able to buy the dip, you should never panic sell. HODLing means that we should wait for a long time. By saying "a long time", I mean that this time period can change for every person. It's about at what price you are thinking of selling.

[Wawa2013]

This is my motto actually. Buying the dip is always good. I think that noone can deny that. If you are lucky and able to buy the dip, you should never panic sell. HODLing means that we should wait for a long time. By saying "a long time", I mean that this time period can change for every person. It's about at what price you are thinking of selling.

Buying the dip is great, but not everyone can have the courage to buy coins when they are at a low price. Most people have a fear that the price of
coins will fall even further, that's not a lot of investors in my opinion who buy coins at deep prices. Then regarding HODL, this is also everyone has
a different timeframe, because everyone's selling target is definitely different. HODling will be successful, if investors are able to patiently wait for
the coins to reach the specified target. But it's not easy to do, because most people end up selling their coins before reaching the target.
So it's no wonder the number of people who fail to invest in crypto is still more than people who succeed in getting big profits from crypto investments.

[JayJuanGee]

This is my motto actually. Buying the dip is always good. I think that noone can deny that.

Yes.. people can deny it.

The best strategy is DCA,  and buying the dip is a good supplement to DCA.. but it is not as good as DCA... So when in doubt and you are not sure about what strategy to follow, DCA is the best  Hands down.

If you are lucky and able to buy the dip, you should never panic sell.

If you are already in a mindset of trying to time the market, you are likely setting ur lil selfie for panic selling and emotion.

HODLing means that we should wait for a long time. By saying "a long time", I mean that this time period can change for every person.

I think HODL means more than one you are describing it to be.

It's about at what price you are thinking of selling.

If your are thinking about short term baloney then sure.. maybe you will get a payoff and maybe you will sell too much too soon.

I f you are a long term investor, you don't need to place any kind of high priority on trying to figure out when you are going to sell, but you can still develop various strategies that may account for some selling. even while not getting too worked up about it.

This is my motto actually. Buying the dip is always good. I think that noone can deny that. If you are lucky and able to buy the dip, you should never panic sell. HODLing means that we should wait for a long time. By saying "a long time", I mean that this time period can change for every person. It's about at what price you are thinking of selling.

Buying the dip is great, but not everyone can have the courage to buy coins when they are at a low price. Most people have a fear that the price of coins will fall even further, that's not a lot of investors in my opinion who buy coins at deep prices.

Fair enough.. buy the dip and HODL have problematic aspects by themselves, but they are not bad if they supplement other strategies, including the best strategy, which is DCA.

Then regarding HODL, this is also everyone has a different timeframe, because everyone's selling target is definitely different. HODling will be successful, if investors are able to patiently wait for the coins to reach the specified target.

There are many situations in which a HODL position may well come into play.  One of the scenarios is running out of money after buying the dip, and another is not selling too much too soon.

Sure there are other scenarios in which HODL is a good strategy, also... and you are correct, Wawa2013, there is a decent amount of individualized tailoring that might cause HODL to play out differently for different people and to be an acceptable strategy.. and sometimes there is no perfect strategy, just good strategies that attempt to be mostly individually tailored, if possible.

But it's not easy to do, because most people end up selling their coins before reaching the target.

All or nothing thinking is dangerous too, and frequently some kind of incrementalism will be better because it is likely better to never sell all of your BTC and also it is likely better to never run out of fiat to buy, either.

So it's no wonder the number of people who fail to invest in crypto is still more than people who succeed in getting big profits from crypto investments.

This thread is about bitcoin, so whatever the fuck you are suggesting about "crypto" likely does not apply, so maybe you should revise your above sentence in terms of talking about bitcoin rather than muddying your point with likely nonsense and vague ideas that are likely lacking in a large number of assessments about fundamentals and also speaking vaguely would have a lot of variation in terms of assessing any of the bullshit out there that might fall into such a broad and nonspecific category, besides bitcoin in terms of potentially having any fundamental value that would cause some shitcoin or whatever you are referring to to be a long term rather than an in and out investment...

In this thread, we are already presuming bitcoin to have long-term fundamental values, and therefore that presumption of long-term fundamental value is built into the idea of HODL, also.  

It would stray this thread way into off-topicness if you are wanting to bring any other piece of shit coin (aka altcoin) (aka crypto that is not bitcoin) into consideration/discussion in this here thread.

[Victorycoin]

Dip buying is much better buying and holding is the trader's own opinion, but traders earn more if they buy and hold at a lower price there is no fear of a long-term hold even if the market is dip, traders are not disappointed because there is a golden opportunity to buy it in the crypto market. Once prices rise it changes the lives of traders.