Buy the DIP, and HODL!

[JayJuanGee]

Just for clarification, I do believe that people can do whatever they like, but I also think that bitcoin's investment thesis has gotten stronger in the past few years, and also remember that I am just some random person on the internet who has views about bitcoin so you do have to come to your own conclusions in regards to assessing the ongoing strength of bitcoin's investment thesis (and if it has strength).

Just remembering those words as a long-term investment, and of course I myself have concluded that it is my secret when to take that profit, basically 4-10 is the reference for long-term investment that's all.

I won't depend on anyone else, that would be good advice in my opinion.

Well if you can appreciate that historically people might have had worked, invested and saved for 30 or more years with an expectation that if they continue to engage in good investing and saving strategies then, they would be able to have choices to either NOT work or to reduce their work levels.  They may have goals to reach some kind of a "fuck you status" in order that they can choose for themselves in their elder years without having to worry about finances, and if they can achieve such fuck you status prior to reaching retirement age then that can be a bonus.  Sometimes they are not even able to reach that status and they have to continue to work more hours and more years into the future than their preferences.

Bitcoin has the potential to help folks to be able to reach fuck you status and maybe even to reach it earlier as long as there is prudence, patience and persistency.  So yeah, 4 years would be really soon to start cashing out of BTC, even if a person may well profit from BTC in such short terms, but the ones who are able to hold onto their BTC longer have greater chances to benefit from the compounding aspects in which BTC value continues to compound onto itself.

I think that I agree with you about this point, which seems to be that ultimately, the upside potential for bitcoin means that any newbie does not necessarily need to invest a lot into BTC in order to have the potential to still gain a lot from having had invested into BTC.

However, at the same time, there still can be some advantage in terms of engaging in a strategy that is sufficiently aggressive and not overly whimpy nor overly aggressive, and of course, where and how to draw those kinds of lines regarding how much is aggressive is enough and not too much is going to be discretionary and some people may realize that they had not been aggressive enough or that they might get into a situation in which they realize that they were too aggressive.

For beginners I think should be excluded in terms of readiness to take part in investments, they are completely dependent on conditions at the time of purchase, regardless of how bitcoin has performed in previous years. Because the ongoing trend sometimes reacts the same as the previous market reaction, which is why analysis and viewing quarters can provide insight into their investment journey, although in reality not all processes experience the same thing, at least when the trend is going down and the market react not as expected, then they can wait for the right time to release bitcoin.
If panic occurs at that time, then generally they will release it, resulting in losses that they cannot avoid, I personally started practicing this in investing, but specifically for bitcoin.

The most important thing is to stay calm under any circumstances, because panic is the closest to loss

You seem to be describing a practice that is the opposite of what I would recommend in terms of your seeming to want to worry about whether you should sell or not if the BTC price is going down.

I would suspect that it is a better practice to buy on the way down, and if you are worried to wait.. or to HODL.. but at the same time, you may buy on the way down, but the BTC price keeps going down so you do not really have a choice except to wait because you do not have enough money to keep buying unless the price stays low long enough for your cash flow to come in, and then maybe at that point, there would be a choice between just buying on an ongoing basis such as DCA or waiting for more dip.

But it is foolish to expect always more dip. Holding from a reliable dip greatly reduces the risk.

To invest in bitcoin there is no need to wait for a low decline, because under any circumstances bitcoin can be bought, it's just that we need to wait for the time to pump up, from investments made at a certain price.
Regardless of market analysis and trends, I think bitcoin can be bought for now, if you look closely, the market quarter will be heading towards the green line in the next few weeks or months.

Again, if you are suggesting that you have to wait until there is a sign that the BTC price is going back up before you buy, then you may well end up waiting too long and you do not receive the sign, but the bitcoin price starts to go up and you end up buying too late.

In any event, there are different approach es to these kinds of timing of the buying matters, and sometimes it is possible to beat the market, even though regular blind DCA may well end up performing just as well, if not better.

DIP is hard to find. At least it's hard to predict. You say it's here and it falls further. You ask if you should buy it and it's gone before you do. Those who can find it are really lucky. I see it as around 13 thousand dollars in bitcoin. At least I will make my purchases gradually from here.

If you try to be too smart for your own good, you may well end up chasing the train with your suitcases, like these poor fellas.

[1714709109]

1714709109

[Wind_FURY]

DIP is hard to find. At least it's hard to predict. You say it's here and it falls further. You ask if you should buy it and it's gone before you do. Those who can find it are really lucky. I see it as around 13 thousand dollars in bitcoin. At least I will make my purchases gradually from here.

But is it better to buy the DIP during the bear market cycle even if it DIPs more, or to buy the peaks of the bull cycle? You see the difference? You say it's "hard to find the DIP", BUT during bull markets, many of those same people who said that it's "hard to find the DIP", also say that the people who actually bought the bear market DIPs, are "just lucky".

[sgbett]

That's disingenuous. You are using the term bitcoin to refer to BSV when that is not true. 

Disingenuous would be saying that Bitcoin is 'digital gold', when it is obviously supposed to be a peer to peer electronic cash system.

I guess we are just built different.

You think that you know what the fuck you are talking about? 

Yes

[Wind_FURY]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

[JayJuanGee]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

[Wind_FURY]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

Greetings ser, no we do not, but it's also a kind of personal preference on what DIP you place your bids and what is your comfort level. Personally, I'm very comfortable in buying the current DIP, it's so deep from where Bitcoin's price was during November. I believe it can't go another 80% lower from current price, that I'm protected from further mental insanity.



We the plebs should also gather together and form "Bitcoin Club", and the first rule of "Bitcoin Club" is,

[imamusma]

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

Even if you agree or not, the fact is that further declines are still possible and vice versa, the price could rebound at any time when traders start to have the same mindset to buy on the downs. I think doubts can come to anyone when they really are not long term holders who have accumulated bitcoins every enough dip.

I remember bitcoin was trading below $18K this year, but it was only a short while before the price started breaking through resistance above it. The current $17.7K is good support not to touch anytime soon, but anything is always possible in the market.

[salad daging]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

What is certain is with DCA because buying Dip now is difficult if you reach for more declines or not, unless they have extra savings to buy it now but for me enough DCA is running it will continue to add more Bitcoin for us if we don't buy dips now.

Focus, buying dips wins is good but it doesn't have to put us under pressure, but with DCA I think slowly but surely.

Shouldn't this practice be carried out on a firm strategy?

[JayJuanGee]

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

Even if you agree or not, the fact is that further declines are still possible and vice versa, the price could rebound at any time when traders start to have the same mindset to buy on the downs. I think doubts can come to anyone when they really are not long term holders who have accumulated bitcoins every enough dip.

I remember bitcoin was trading below $18K this year, but it was only a short while before the price started breaking through resistance above it. The current $17.7K is good support not to touch anytime soon, but anything is always possible in the market.

There are various categories of BTC HODLers who might question their BTC conviction, so when I said that I cannot really disagree about buying the dip here or waiting for a possible further dip before buying, I am trying to respond to the fact that guys employ various kinds of strategies.  I have my own strategy that I employ that may or may not apply to other BTC HODLers - even though I believe that my strategy is largely in line with the ideas of this thread.. .even though I consider DCA to be a bit of a superior strategy for more newbie bitcoiners who are in the earlier stages of BTC accumulation, and once any of us have accumulated more BTC then there tends to be more discretionary options regarding how much more BTC to accumulate and how frequently to acculate and under what terms.

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

What is certain is with DCA because buying Dip now is difficult if you reach for more declines or not, unless they have extra savings to buy it now but for me enough DCA is running it will continue to add more Bitcoin for us if we don't buy dips now.

Focus, buying dips wins is good but it doesn't have to put us under pressure, but with DCA I think slowly but surely.

Shouldn't this practice be carried out on a firm strategy?

I agree with you that DCA is preferred because otherwise trying to time the BTC price might cause someone to stop DCAing and attempt to be strategizing with the price when they should just be ongoingly buying (especially at these prices).. but like I already mentioned, it does seem that the more BTC that any of us has already accumulated, then we will tend to have more options to attempt to strategize with buying on dips rather than just continuing to buy on a regular basis.

I would think that anyone who has been accumulating BTC with a relatively modest budget for less than 5 years would be pretty eager to continue to buy BTC at these prices, but it is very difficult to generalize.  Sometimes if BTC HODLers/accumulators had been more aggressive in their earlier times of BTC accumulation and if they were into BTC (and if they accumulated a decent amount of BTC) prior to October 2021, then they may well feel that they have already accumulated a lot of BTC at sub $10k BTC prices, so they might be less eager to be buying now, even if the BTC price has dipped around 75% from our November 2021 top.

[BobK71]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Any work should be done with in proper time. Many of us are busy looking for a dip when the market stay in bull position, but that dip is never found. The whole cryptomarket is now at its highest dip for several years. We need to take maximum advantage of the dip market. All that needs to be done is to buy from here and hold for the long term.

[bitzizzix]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

What is certain is with DCA because buying Dip now is difficult if you reach for more declines or not, unless they have extra savings to buy it now but for me enough DCA is running it will continue to add more Bitcoin for us if we don't buy dips now.

Focus, buying dips wins is good but it doesn't have to put us under pressure, but with DCA I think slowly but surely.

Shouldn't this practice be carried out on a firm strategy?

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.

[JayJuanGee]

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Any work should be done with in proper time. Many of us are busy looking for a dip when the market stay in bull position, but that dip is never found. The whole cryptomarket is now at its highest dip for several years. We need to take maximum advantage of the dip market. All that needs to be done is to buy from here and hold for the long term.

Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Any work should be done with in proper time. Many of us are busy looking for a dip when the market stay in bull position, but that dip is never found. The whole cryptomarket is now at its highest dip for several years. We need to take maximum advantage of the dip market. All that needs to be done is to buy from here and hold for the long term.

Fuck shitcoins.  We are not talking about "the whole cryptomarket" (whatever you mean by that?) here.

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.

Greeting fellow pleb.  

I cannot really disagree in regards to buying on the dip in this price territory since we seem to not know if there is going to be more dip or not..

What is certain is with DCA because buying Dip now is difficult if you reach for more declines or not, unless they have extra savings to buy it now but for me enough DCA is running it will continue to add more Bitcoin for us if we don't buy dips now.

Focus, buying dips wins is good but it doesn't have to put us under pressure, but with DCA I think slowly but surely.

Shouldn't this practice be carried out on a firm strategy?

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.

Another good thing about DCA is that an overwhelming number of regular people do not have lump sums of money (whether by using debt or by using other assets that they might have) in which they are able to frontload their investment into bitcoin (or any other asset in which they might employ DCA), and in that regard DCA is amongst the most practical of methods to get a stake in BTC. 

If we are looking at an investment that might take 10 to 15 years to really build up a sizable position, then surely it may well be better to front load the investment but people are not necessarily able to do that.. so DCA remains amongst the best of the alternatives, even if they might try to be aggressive and to front load their investment into bitcoin in the beginning (such as their 1st 5 years or so), and then maybe don't invest as much after they have established a decent position.. but of course, these are not easy matters to decide, and for sure there is a need to figure out various personal concerns in order to attempt to size the amount that is invested and over what time period there might be higher levels of aggressiveness that may or may not relate to whether the BTC price dips or not but instead based on the extent to which extra cashflow might be available for investing into BTC versus whether there might be any needs to diversify into other assets (I am not referring to diversifying into shitcoins here)..

[Falconer]

I remember bitcoin was trading below $18K this year, but it was only a short while before the price started breaking through resistance above it. The current $17.7K is good support not to touch anytime soon, but anything is always possible in the market.

Each has their own way of when to buy bitcoin regardless of whether they see a market correction. No one forces them to buy when the price drops 5% in 24 hours because it is always possible to see more of a dips during the panic session. Accumulation + DCA is a great mix for anyone looking to become a holder in the long term, but start small and fit your budget. You can also still wait longer to buy, there is no obligation to buy if you can patiently wait longer.

[ajiz138]

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.

For me maybe I've bought dips before and this will be kept as a closed note and start with DCA for the routine that is run with my commitment, I don't know what's going on in the market even I don't care how much you buy dips, but I want how much BTC has been obtained so far from DCA on the road and are we ready later if our high price has a lot of Bitcoin for us?

I know investing now is much better, but in my opinion it is difficult when finances are unstable whether with other basic needs being a living burden, but this DCA can still be run according to the specified allocation, now I have a little comfort where DCA is much more good for long term accumulation.

[yudi09]

Even if you agree or not, the fact is that further declines are still possible and vice versa, the price could rebound at any time when traders start to have the same mindset to buy on the downs. I think doubts can come to anyone when they really are not long term holders who have accumulated bitcoins every enough dip.

I remember bitcoin was trading below $18K this year, but it was only a short while before the price started breaking through resistance above it. The current $17.7K is good support not to touch anytime soon, but anything is always possible in the market.

I wouldn't say an increase will occur after yesterday's drop to $18k from $20k and I also wouldn't say that the decline will continue until the price is below $18k.
One thing is for sure that Bitcoin is not the same as any other crypto and the market situation is bound to fluctuate.

We just need patience in dealing with situations like today because a rainbow will appear after a heavy rain.

[JayJuanGee]

You're a DCA because you can't predict whether the price you buy is high or low a month or a year from now.
And if you invest everything at once, you may get a fantastic price, or you may get the worst price because the market is not easy to predict.
and DCA reduces your short term risk, so you can benefit from long term results in a more predictable way, and I am also a fan of DCA which is the best method and also safe in the long term.

For me maybe I've bought dips before and this will be kept as a closed note and start with DCA for the routine that is run with my commitment, I don't know what's going on in the market even I don't care how much you buy dips, but I want how much BTC has been obtained so far from DCA on the road and are we ready later if our high price has a lot of Bitcoin for us?

I know investing now is much better, but in my opinion it is difficult when finances are unstable whether with other basic needs being a living burden, but this DCA can still be run according to the specified allocation, now I have a little comfort where DCA is much more good for long term accumulation.

If you are worried that your budget does not allow you to buy as much BTC as you have been buying with your DCA strategy, then you might need to rethink your situation and determine if you might be in a better position to cut back on the amount of your DCA.  Of course, there is always a risk that you end up cutting back on your regular DCA amount and then you regret such decision once the BTC price goes up (if the BTC price ends up going up at some point).

You are really the ONLY one who can find the balance that works for you, and reaching such balance is not always easy for people who might be in relatively early stages of BTC accumulation.  I am pretty sure that I was somewhat nervous in regards to my BTC accumulation levels for the first 3.5 years of my investing into BTC between late 2013 and early 2017, and it seems that some time in early 2017, I started to feel more comfortable, which likely largely had a lot to do with my BTC moving from negative (losses) to being in profit levels.. So surely when in sufficient profits, there can frequently develop more comforts, but still, depending on individual circumstances, it could well take way longer for others to reach such comfort levels because when I came to BTC, I already had a decently sized amount of my overall investment portfolio that I could allocate to BTC.. and some other people might come to bitcoin and it could take them much longer than me in order to reach comfort levels.. it could take some people longer than 10 years to reach comfort levels.. and we don't even know that either since there are no guarantees and we do not know the future of BTC's price performance, even though many people continue to believe that bitcoin remains amongst the best of asymmetric bets to the upside.. but of course, that upside is not guaranteed, either.

[salad daging]

I agree with you that DCA is preferred because otherwise trying to time the BTC price might cause someone to stop DCAing and attempt to be strategizing with the price when they should just be ongoingly buying (especially at these prices).. but like I already mentioned, it does seem that the more BTC that any of us has already accumulated, then we will tend to have more options to attempt to strategize with buying on dips rather than just continuing to buy on a regular basis.

I would think that anyone who has been accumulating BTC with a relatively modest budget for less than 5 years would be pretty eager to continue to buy BTC at these prices, but it is very difficult to generalize.  Sometimes if BTC HODLers/accumulators had been more aggressive in their earlier times of BTC accumulation and if they were into BTC (and if they accumulated a decent amount of BTC) prior to October 2021, then they may well feel that they have already accumulated a lot of BTC at sub $10k BTC prices, so they might be less eager to be buying now, even if the BTC price has dipped around 75% from our November 2021 top.

Now that's what I don't want to happen, at first DCA was favored but they have changed the strategy structure due to the price going down and trying to buy more to leave DCA I didn't do it for me to stick to the main strategy with DCA being the main priority and it's the same getting bitcoins regularly to buy now for me is the same but don't leave what has been done before.

Maybe many people have been tempted by the current price and changed direction to buy and even add from their savings because they think this is the lowest dips but really we don't know how low it is, what if it's even lower?
All of this requires a mature strategy and arrangement, not just looking at the movement, which in fact is not necessarily the right one.

As it is in me because I have accumulated btc relatively simply and will not be too aggressive, I only focus on initial practice and it is unlikely that this will be destroyed because of the aggressiveness of wanting to have btc with all its capital.

Think about the future, do it calmly. My principle.

[ajiz138]

For me maybe I've bought dips before and this will be kept as a closed note and start with DCA for the routine that is run with my commitment, I don't know what's going on in the market even I don't care how much you buy dips, but I want how much BTC has been obtained so far from DCA on the road and are we ready later if our high price has a lot of Bitcoin for us?

I know investing now is much better, but in my opinion it is difficult when finances are unstable whether with other basic needs being a living burden, but this DCA can still be run according to the specified allocation, now I have a little comfort where DCA is much more good for long term accumulation.

If you are worried that your budget does not allow you to buy as much BTC as you have been buying with your DCA strategy, then you might need to rethink your situation and determine if you might be in a better position to cut back on the amount of your DCA.  Of course, there is always a risk that you end up cutting back on your regular DCA amount and then you regret such decision once the BTC price goes up (if the BTC price ends up going up at some point).

You are really the ONLY one who can find the balance that works for you, and reaching such balance is not always easy for people who might be in relatively early stages of BTC accumulation.  I am pretty sure that I was somewhat nervous in regards to my BTC accumulation levels for the first 3.5 years of my investing into BTC between late 2013 and early 2017, and it seems that some time in early 2017, I started to feel more comfortable, which likely largely had a lot to do with my BTC moving from negative (losses) to being in profit levels.. So surely when in sufficient profits, there can frequently develop more comforts, but still, depending on individual circumstances, it could well take way longer for others to reach such comfort levels because when I came to BTC, I already had a decently sized amount of my overall investment portfolio that I could allocate to BTC.. and some other people might come to bitcoin and it could take them much longer than me in order to reach comfort levels.. it could take some people longer than 10 years to reach comfort levels.. and we don't even know that either since there are no guarantees and we do not know the future of BTC's price performance, even though many people continue to believe that bitcoin remains amongst the best of asymmetric bets to the upside.. but of course, that upside is not guaranteed, either.

I mean the difference between buying dips and DCA.
If I rely on dips to earn BTC maybe this situation is not good for me because I have to spend more dollars on each decline but I have closed this note and never continued again after I thought about it for a long time, then starting with DCA this looks more stable and the situation with me is quite safe so I take this conclusion to balance the good position for me.
This means that DCA is still continuing, but my buying dips has stopped.

I'm not going to calculate the BTC accumulation stage because it's still too early for me because what I'm getting now isn't even one year old so a little BTC has been collected so I don't know how big this accumulation is but I'll calculate it after the next 2-5 years to Regarding the average price obtained, each individual has a different way of looking at them but I'm sure the result will be the same for finding profits in the future.

[AnonBitCoiner]

DCA is good  option in this bear market. I recommend everyone to stay away from Future Trading because market condition is too bad. Btc is looking very weak and we can see a big red line in some days. It's best time to buy BTC and hold For long time. This is opportunity for long term investors. It may be last dip for us.

[Wind_FURY]

Did you BUY the DIP my dear fellow plebs? Congratulations if you did buy, because there were many people who probably SOLD the DIP expecting Bitcoin to crash lower, probably to "$12,000", https://twitter.com/eliant_capital/status/1567202636302098432

 

I'm not claiming that that was the last, and the lowest DIP of the current bear market cycle because NO ONE knows, but it's personally more mentally relaxing to buy the DIP of $19,000 than if I bought Bitcoin at $39,000.

It's probably another Golden Opportunity to buy Bitcoin if you have some extra savings that you can use for a long term HODL. In two years, I believe we would see Bitcoin double from its current price. Place your bids, it's a good day to buy the DIP. This is not financial advice, merely a suggestion from a fellow pleb.