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Author Topic: Buy the DIP, and HODL!  (Read 77590 times)
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February 02, 2023, 08:45:41 PM
Merited by JayJuanGee (1)
 #1761

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
That's right, friends, identifying correctly that the situation is indeed going down is certainly not easy, because what we estimate may not be true because the situation is actually continuing to decline. of course there will be a psychic that will occur and this is not easy to be able to make self-confidence recover immediately if I experience this incident.

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February 03, 2023, 04:27:00 PM
 #1762

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
That's right, friends, identifying correctly that the situation is indeed going down is certainly not easy, because what we estimate may not be true because the situation is actually continuing to decline. of course there will be a psychic that will occur and this is not easy to be able to make self-confidence recover immediately if I experience this incident.

Well one of the things that seems to be going on right now (especially since the beginning of the year) is that the BTC price is going up by a lot of value on a regular basis; however, there can be folks who had been holding fiat in order to buy when the BTC price goes down, and then they are realizing that the BTC price might not go down, so then they may well choose a back up strategy to buy if the BTC price dips; however, since the beginning of the year, we have seen the BTC price to go up by nearly 43% from sub $17k to $24,258 - however the corrections have not even really gotten to anything approaching meaningful (greater than 8%)....  So some folks may be waiting for 15% or greater dips that might not happen, yet we do not know... and even if the BTC price goes up to $30k, then if we get a 20% dip, that still ONLY brings the BTC price back down to $24k.   

We have seen such dynamics many times in the past in which folks keep considering that the BTC price is going to meaningful dip, and then such "meaningful" dips do not end up happening... and yeah.. we never know because a "meaningful" dip could happen at any time, but then it might not, and part of the solution is to have had already have been prepared over the past 8 months or so, there have been a lot of opportunities to buy and to establish a position that prepares for UP... .. and of course, the dilemma might be BIGGER if you either did not sufficiently/adequately prepare or if you are coming into bitcoin in much more recent times and you are establishing your position.. sometimes if you are newer to bitcoin, completely relying on buying on dips might not work out very well so you have to consider the extent to which you might want to combine some lumpsum front loading and even DCA buying in order to supplement your strategy in such a way that you feel that you are prepared for a variety of scenarios, and not just betting on some scenario that may or may not end up happening.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 04, 2023, 09:04:03 AM
Merited by JayJuanGee (1), Franctoshi (1)
 #1763

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying dip does not necessarily mean one has to buy at the final bottom, if you are waiting for the final bottom you may not even get it and  you miss the opportunity of buying low. What matters is buying when the price is still low and affordable,  always waiting for the last bottom to buy is nothing but greed which many people ended up not getting the bottom.  Buy at the price you feel it is okay and fair for you to hodl. Everyone can't buy in the bottom  because we don't know which price is the bottom,  it is just better to buy at a low price and hodl for a longtime.

R


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February 05, 2023, 11:23:31 AM
 #1764

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying dip does not necessarily mean one has to buy at the final bottom, if you are waiting for the final bottom you may not even get it and  you miss the opportunity of buying low. What matters is buying when the price is still low and affordable,  always waiting for the last bottom to buy is nothing but greed which many people ended up not getting the bottom.  Buy at the price you feel it is okay and fair for you to hodl. Everyone can't buy in the bottom  because we don't know which price is the bottom,  it is just better to buy at a low price and hodl for a longtime.
People always want the lowest point price but we don't know how low is bitcoin?
Even though it's clear that the supply of bitcoins is very small if in a few years or decades then it will be more scarce if it's like this then people will continue to buy bitcoin regardless of the price for example $ 100k.
Right now maybe 0.01 BTC is worth $234 see sometime in the future maybe 0.01 will be 10x the current price so in the long term it is best to start from now without thinking of buying at bottom price.

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February 05, 2023, 06:00:14 PM
 #1765

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
Buying dip does not necessarily mean one has to buy at the final bottom, if you are waiting for the final bottom you may not even get it and  you miss the opportunity of buying low. What matters is buying when the price is still low and affordable,  always waiting for the last bottom to buy is nothing but greed which many people ended up not getting the bottom.  Buy at the price you feel it is okay and fair for you to hodl. Everyone can't buy in the bottom  because we don't know which price is the bottom,  it is just better to buy at a low price and hodl for a longtime.
People always want the lowest point price but we don't know how low is bitcoin?
Even though it's clear that the supply of bitcoins is very small if in a few years or decades then it will be more scarce if it's like this then people will continue to buy bitcoin regardless of the price for example $ 100k.
Right now maybe 0.01 BTC is worth $234 see sometime in the future maybe 0.01 will be 10x the current price so in the long term it is best to start from now without thinking of buying at bottom price.

Well, how do you do such a thing ajiz138?

If you got into bitcoin in the last 1, 2 or even 3 years, you may well still be in the negative, if you had been buying BTC on a regular basis during that time, and even  if you had attempted to buy on dips, it may not have changed the outcome very much between whether buying on dips is preferable to DCA.

Even though for sure, I am not completely opposed to the idea of buying on dips, I believe at best buying on dips supplements DCA'ing strategies rather than substitutes for DCA'ing strategies, so in that regard, I personally believe that a reliance on mostly DCA allows normies to be a wee bit more aggressive and assertive in their abilities to accumulate BTC and it also facilitates the abilities of normies to focus on the more important things - which is their own budgets rather than the BTC price.  The BTC price is likely quite a lot less important than figuring out your own fucking budget, even though so many newbies to bitcoin (and even newbies to investing) get distracted into concentrating so much on the actual short term price performance of the asset in which they are investing, and in this case we are referring to bitcoin, but the error of ways seems to apply to any asset.. and for sure, there is a need to figure out various fundamental aspects of the asset class because ultimately you should believe in the long term fundamentals of any asset class once you start to invest into it... but once you have gotten past the hurdles of mostly figuring out the fundamentals of the asset class, it seems to me that more important thing is to thereafter figure out your own budget and to figure out way that you can employ somewhat aggressive/assertive investing tactics without over doing it... and you do that by figuring out yourself and your finances and psychology.. and thereafter applying it to bitcoin with perhaps a set DCA and some supplemental buying on dips and perhaps lump sum investing too.... and of course, if you run out of money from time to time, there likely will be needs to just HODL through the low cashflow situations until either your cashflow improves or the price comes to your buying points.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 05, 2023, 09:02:02 PM
 #1766

People always want the lowest point price but we don't know how low is bitcoin?
Even though it's clear that the supply of bitcoins is very small if in a few years or decades then it will be more scarce if it's like this then people will continue to buy bitcoin regardless of the price for example $ 100k.
Right now maybe 0.01 BTC is worth $234 see sometime in the future maybe 0.01 will be 10x the current price so in the long term it is best to start from now without thinking of buying at bottom price.
There is no way to know the lowest point of BTC each year but we will only know it once the year has passed. This is why it's always better to buy by the time BTC drops a couple of times or even not in a couple of time but as long as the first few drops are big enough. We can already make good profits out of it once the price recovers.

There will be people who will keeps on buying because they are into longer terms and it's not necessary for them to buy in 1 whole so even if BTC is expensive (say $100k per piece) they will just buy it in fractions. The rest will just wait for a correction, a crash or a bear market to be able to buy at a discounted rate.

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February 06, 2023, 05:48:15 AM
Merited by JayJuanGee (1)
 #1767

I believe the newbies and other mere plebs like me whogo into the topic should listen to the teachings of JuanJayGee. I may not agree with all of his teachings, but it's just because of personal differences/preferences. Ask JuanJayGee if the current levels are good to buy Bitcoin blindly, and profit by selling two years later. His answer will be YES, and I definitely agree.

For the best traders, they know how to have good timing in their entries to have 5x leverage, then have 5x the profit, but only the best 10% of traders in the market can do it. How can we plebs beat them in their own game if they are better capitalized that us, more skilled than us, and they have an army of their bots trading against you.

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February 06, 2023, 10:55:13 AM
Merited by JayJuanGee (1)
 #1768

If you got into bitcoin in the last 1, 2 or even 3 years, you may well still be in the negative, if you had been buying BTC on a regular basis during that time, and even  if you had attempted to buy on dips, it may not have changed the outcome very much between whether buying on dips is preferable to DCA.

Even though for sure, I am not completely opposed to the idea of buying on dips, I believe at best buying on dips supplements DCA'ing strategies rather than substitutes for DCA'ing strategies, so in that regard, I personally believe that a reliance on mostly DCA allows normies to be a wee bit more aggressive and assertive in their abilities to accumulate BTC and it also facilitates the abilities of normies to focus on the more important things - which is their own budgets rather than the BTC price.  The BTC price is likely quite a lot less important than figuring out your own fucking budget, even though so many newbies to bitcoin (and even newbies to investing) get distracted into concentrating so much on the actual short term price performance of the asset in which they are investing, and in this case we are referring to bitcoin, but the error of ways seems to apply to any asset.. and for sure, there is a need to figure out various fundamental aspects of the asset class because ultimately you should believe in the long term fundamentals of any asset class once you start to invest into it... but once you have gotten past the hurdles of mostly figuring out the fundamentals of the asset class, it seems to me that more important thing is to thereafter figure out your own budget and to figure out way that you can employ somewhat aggressive/assertive investing tactics without over doing it... and you do that by figuring out yourself and your finances and psychology.. and thereafter applying it to bitcoin with perhaps a set DCA and some supplemental buying on dips and perhaps lump sum investing too.... and of course, if you run out of money from time to time, there likely will be needs to just HODL through the low cashflow situations until either your cashflow improves or the price comes to your buying points.

I entered in the last 1 year to buy bitcoin regularly until now and it hasn't changed anything, the results mean that it is still negative from what is generated from buying high and buying low, all of that varies from what I have done with my DCA like it so far.
So it's not for now to see the results of the profit because we will wait longer in the process by accumulating from DCA.

True, we don't think of it like that buying dips just to supplement the DCA only when I have more dollars then I do that but not for all depending on dips this is more difficult if you do it continuously and better with a simpler DCA we can start smaller with DCA than dips with big numbers because I know it won't be continuous with dips.

My ability is to continue to accumulate bitcoins with DCA and this has been adjusted according to my own income variations, this is normal for me there will be no pressure whatsoever I am not overly aggressive in this matter because we need a balance that has been done so far, the important thing is that I continue input DCA and when there is an opportunity to buy dips then I do that.

So both are just to complement in between DCA and Dips, my goal now is how to earn bitcoins in a way that can keep up with my budget.

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February 06, 2023, 03:07:18 PM
 #1769

    It's actually very easy to say that, and many people have said it here, but no one knows when the dip to buy is, there is no specific date, day, or time when, that's the problem, it's hard to distinguish the so-called right time to buy.

Maybe the best thing to do is save as much bitcoin as you can before everyone catches on and regrets not saving.



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February 06, 2023, 07:17:37 PM
 #1770

I believe the newbies and other mere plebs like me whogo into the topic should listen to the teachings of JuanJayGee. I may not agree with all of his teachings, but it's just because of personal differences/preferences. Ask JuanJayGee if the current levels are good to buy Bitcoin blindly, and profit by selling two years later. His answer will be YES, and I definitely agree.

For the best traders, they know how to have good timing in their entries to have 5x leverage, then have 5x the profit, but only the best 10% of traders in the market can do it. How can we plebs beat them in their own game if they are better capitalized that us, more skilled than us, and they have an army of their bots trading against you.

I don't really suggest selling except as a bitcoin management technique after you have already largely over accumulated and if you are in profits, so let's say for example, if you started considering investing into bitcoin about two years ago, so it was not really a good time to start your bitcoin investment plan and two years ago you had a $100k investment portfolio (non-BTC items.. such as index funds, bonds, and perhaps property), and you targeted to buy 15% in bitcoin.  So you took about a year or so to buy into bitcoin, and so last year when the BTC price dropped into the $30ks, you had reached your investment goal target of investing $15k into BTC. 

However, we know what happened from May 2022 until now, BTC prices kept dropping below $30k and then you decided to keep buying BTC, so maybe in the 8 months or so you continue to buy BTC until you had invested nearly $25k into BTC, so you went way above your investment allocation, so in those kinds of circumstances in which you end up being overinvested into bitcoin (beyond your initial authorization level of 15%), you could authorize yourself to sell some BTC along the way while you are in profits, even though it likely would be better to merely keep investing into bitcoin for 4-10 years or even to HODL through various periods into the future in order to increase likelihood that the BTC portfolio will be in profits and that future investments and also profits within the overall investment holdings will be able to start to compound upon itself.. yet each person has to decide for themselves regarding how to manage their investment portfolio, and for sure there are no guarantees of profits.. so a person who may well have exceeded his/her investment allocation targets of having more value into BTC than originally intended will have more flexibility to sell some of that BTC along the way than someone who had not. and especially if the BTC price ends up outperforming other assets that are held within the investment portfolio....

And, personally, I do not necessarily advocate to sell your winners, but surely there can be ways to manage your holdings in order that you might shave off relatively small portions of the profits as the BTC price is going up (if the BTC price goes up, and especially if the BTC price substantially outperforms other assets in the investment portfolio).

By the way, I believe that it is not a good idea to follow the suggestions of some investment advisors who argue that you should continue to reallocate back to your original authorization levels.. and I believe more in the idea of letting your winners ride, especially if they are outperforming your other investment assets that you are holding, yet of course, shaving some profits off along the way still can be helpful in managing some of the volatility and without devolving into gambling with your overall investment portfolio, but perhaps come up with some kind of a formula regarding how much BTC that you authorize yourself to sell as the price goes up (in the event that the BTC price goes up), so you could sell 1% for every time it goes up 10% or some other variation of that.

If you got into bitcoin in the last 1, 2 or even 3 years, you may well still be in the negative, if you had been buying BTC on a regular basis during that time, and even  if you had attempted to buy on dips, it may not have changed the outcome very much between whether buying on dips is preferable to DCA.

Even though for sure, I am not completely opposed to the idea of buying on dips, I believe at best buying on dips supplements DCA'ing strategies rather than substitutes for DCA'ing strategies, so in that regard, I personally believe that a reliance on mostly DCA allows normies to be a wee bit more aggressive and assertive in their abilities to accumulate BTC and it also facilitates the abilities of normies to focus on the more important things - which is their own budgets rather than the BTC price.  The BTC price is likely quite a lot less important than figuring out your own fucking budget, even though so many newbies to bitcoin (and even newbies to investing) get distracted into concentrating so much on the actual short term price performance of the asset in which they are investing, and in this case we are referring to bitcoin, but the error of ways seems to apply to any asset.. and for sure, there is a need to figure out various fundamental aspects of the asset class because ultimately you should believe in the long term fundamentals of any asset class once you start to invest into it... but once you have gotten past the hurdles of mostly figuring out the fundamentals of the asset class, it seems to me that more important thing is to thereafter figure out your own budget and to figure out way that you can employ somewhat aggressive/assertive investing tactics without over doing it... and you do that by figuring out yourself and your finances and psychology.. and thereafter applying it to bitcoin with perhaps a set DCA and some supplemental buying on dips and perhaps lump sum investing too.... and of course, if you run out of money from time to time, there likely will be needs to just HODL through the low cashflow situations until either your cashflow improves or the price comes to your buying points.
I entered in the last 1 year to buy bitcoin regularly until now and it hasn't changed anything, the results mean that it is still negative from what is generated from buying high and buying low, all of that varies from what I have done with my DCA like it so far.
So it's not for now to see the results of the profit because we will wait longer in the process by accumulating from DCA.

Yes.. it seems that anyone getting into bitcoin in the last 2-3 years might not be in profits, so sometimes it can make some differences to have some buying on dips that are mixed in with the DCA.

For me it was similar, it took a couple of years to start to feel like my BTC holdings were pretty solid, and even more than 3 years for my first purchases that I made in late 2013 to become profitable... by early 2017.. and surely, there are not even any guarantees about how long it might take and whether it will end up being profitable, even though many of us still consider bitcoin to be amongst the best (if not the best) place to build a decently solid long term investment portfolio.. yet in the end, each person is responsible for their own investment decisions regarding if they do it and how they do it... and some of those folks who had opportunities 4-10 years ago, are kicking themselves if they did not get in or if they ended up getting in later -- but yeah, even when there are periods of profits, there can be periods in which the BTC holdings are not in profits and are quite negative in terms of where they are at relative to other possible investments/assets/currencies.

True, we don't think of it like that buying dips just to supplement the DCA only when I have more dollars then I do that but not for all depending on dips this is more difficult if you do it continuously and better with a simpler DCA we can start smaller with DCA than dips with big numbers because I know it won't be continuous with dips.

It seems to be a lot easier to see the dips after you have already gone through them; however, while you are in the midst of the dipping, it is not easy to see either whether the dip is over or how far it will go or even if it is going to dip anymore.  Sometimes, even when folks are saying that there is going to be more dip, such "more dips" do not end up happening.

My ability is to continue to accumulate bitcoins with DCA and this has been adjusted according to my own income variations, this is normal for me there will be no pressure whatsoever I am not overly aggressive in this matter because we need a balance that has been done so far, the important thing is that I continue input DCA and when there is an opportunity to buy dips then I do that.

So both are just to complement in between DCA and Dips, my goal now is how to earn bitcoins in a way that can keep up with my budget.

Yep.. sometimes, if you can figure out ways to earn more income (whether in bitcoin or in other ways such as cash or even savings on some expenses), then you may well see that you had been able to generate quite a few extra sats with that money.  I recall some times in 2015 of having some kind of extra cashflow of a couple hundred dollars, and then I would buy bitcoin with it.. and at the time, it just seemed very risky.. but maybe if I bought $120 worth of bitcoin, then I ended up getting 0.5 BTC, and now that seems outrageously great, but at the time, there were feelings of uncertainty regarding if the BTC price was going to go back up or just stay stuck in the mid-$200s forever.

    It's actually very easy to say that, and many people have said it here, but no one knows when the dip to buy is, there is no specific date, day, or time when, that's the problem, it's hard to distinguish the so-called right time to buy.

Maybe the best thing to do is save as much bitcoin as you can before everyone catches on and regrets not saving.

It seems to me that many of us are already saying similar things that you are saying bettercrypto.. NOT everyone is going to agree about whether more dip is coming, and frequently I have asserted that if you just keep buying BTC on a regular basis, then it will be easier; however, I understand why someone who might have $400 extra a month, might not want to spend it all on bitcoin at current prices, so they might save a certain portion to buy on dips, while realizing that maybe more dip will come and maybe it won't, so there is a certain risk that any of us has to accept if we choose to not buy and to wait for dips that might not end up happening.  It is much easier for folks who have been in bitcoin for longer and who have been stacking sats for much longer, then those longer term persons might not be as worried about whether they have enough bitcoin at these prices or even at lower prices, but some folks who might have gotten into bitcoin in the past 2-3 years or even more recently than that might get more worried about whether they have stacked enough sats at these prices, and so it can take many years before anyone starts to feel comfortable with how many sats that s/he has stacked because sometimes the income to buy bitcoin might not be very high, so it can take several years to stack a sufficient quantity of sats away with whatever cashflow is available or can be saved without causing too much stress on other aspects of finances and/or psychology.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 07, 2023, 05:31:45 AM
 #1771

    It's actually very easy to say that, and many people have said it here, but no one knows when the dip to buy is, there is no specific date, day, or time when, that's the problem, it's hard to distinguish the so-called right time to buy.

Maybe the best thing to do is save as much bitcoin as you can before everyone catches on and regrets not saving.


In two years, will Bitcoin be higher than $50,000 in two years, or lower?

 Cool

I believe it's going to be higher. The right time to buy is the price lower than $50,000.


I believe the newbies and other mere plebs like me whogo into the topic should listen to the teachings of JuanJayGee. I may not agree with all of his teachings, but it's just because of personal differences/preferences. Ask JuanJayGee if the current levels are good to buy Bitcoin blindly, and profit by selling two years later. His answer will be YES, and I definitely agree.

For the best traders, they know how to have good timing in their entries to have 5x leverage, then have 5x the profit, but only the best 10% of traders in the market can do it. How can we plebs beat them in their own game if they are better capitalized that us, more skilled than us, and they have an army of their bots trading against you.


I don't really suggest selling


I know you always encourage HODLing. I was merely making a point that it's currently one of those "golden opportunities" that plebs like us can start blindly buying Bitcoin, then DCA if it goes lower/crashes, and be confident that in two years, you know you will have profit if you want to sell. Golden opportunties like these are infrequent, and everyone should take it if there's extra savings available.

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February 07, 2023, 09:46:51 PM
 #1772



Buy at 4.10
Sell at 4.45
Holding time for pumping= less than 5 hours
Today my trading profits $117

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.

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February 07, 2023, 10:39:18 PM
 #1773

I know you always encourage HODLing. I was merely making a point that it's currently one of those "golden opportunities" that plebs like us can start blindly buying Bitcoin, then DCA if it goes lower/crashes, and be confident that in two years, you know you will have profit if you want to sell. Golden opportunties like these are infrequent, and everyone should take it if there's extra savings available.
In the end it only becomes a matter of how strong we are in holding back, because regardless of anything and however the market conditions are, it is indeed a strong hand that will survive. It might be a little different if we let go when the conditions are favorable for us, but basically things like that aren't always going to be easy because we also always have conditions where the market isn't going well and panic hits so being mentally strong and trying to keep holding on is something really good.

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February 08, 2023, 09:31:50 AM
Merited by pooya87 (2), JayJuanGee (1)
 #1774



Buy at 4.10
Sell at 4.45
Holding time for pumping= less than 5 hours
Today my trading profits $117
LOL.

As per the title of this topic only to discuss bitcoin not shitcoin we are here talking more bitcoin about Buy Dips, DCA or HODL and many series associated with bitcoin, even if your daily profit is high enough I don't care about that.

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
Everyone also knows that trading buy low sell high, but as you said what happens when the shitcoin being bought isn't pumping anymore so have to wait a bit longer? It often happens that the token always never recovers more (in fact it tends to fall) it's better on bitcoin long wait it's much better than shitcoin.

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February 08, 2023, 11:56:22 AM
Merited by JayJuanGee (1)
 #1775

I know you always encourage HODLing. I was merely making a point that it's currently one of those "golden opportunities" that plebs like us can start blindly buying Bitcoin, then DCA if it goes lower/crashes, and be confident that in two years, you know you will have profit if you want to sell. Golden opportunties like these are infrequent, and everyone should take it if there's extra savings available.
In the end it only becomes a matter of how strong we are in holding back, because regardless of anything and however the market conditions are, it is indeed a strong hand that will survive. It might be a little different if we let go when the conditions are favorable for us, but basically things like that aren't always going to be easy because we also always have conditions where the market isn't going well and panic hits so being mentally strong and trying to keep holding on is something really good.


You want it to be a little easy? LEARN and EDUCATE yourself about Bitcoin. Its history, its philosophy, its ethos, and where its going as the next step in the evolution of money and finance. Once you truly learn and understand, then HODLing through the bearish cycles will be easier. Why? Because you know that it's, for better or worse, something the world needs or will need. It's simply Bitcoin's time, like the invention of the printing press, the telephone, the internet.

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February 08, 2023, 12:03:42 PM
Merited by JayJuanGee (1)
 #1776

The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.

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February 08, 2023, 06:34:24 PM
 #1777


Buy at 4.10
Sell at 4.45
Holding time for pumping= less than 5 hours
Today my trading profits $117

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.

Fuck shitcoins, as ajiz138 already mentioned. You are off topic in your shilling of that bullshit, and furthermore, as ajiz138 also suggested, the strategy of either buying on dips or DCAing does not apply to shitcoins because it is a different strategy involving needing to have to figure out when to get out.. that is a much different set of concerns than bitcoin including very short term concerns that likely involve considering if you might be aligned with a source of reliable pumper/dumper information or calculating the likelihood that you might get rug pulled.. which applies to all of the shitcoins whether the piece of shit that you referenced (PYR, whatever the fuck that is) or some more widely recognized and know scam smoke and mirrors premined (quantity of premine distribution unknown and obfuscated) bullshit shitcoin, such as Ethereum.. .

The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.

Exactly... there are a variety of these kinds of considerations that may even have some differing considerations depending on the extent to which you might have insider pump/dump information about such shitcoins or the extent to which you believe you have such "insider" information.. and sometimes even BIGtime players may end up getting rug pulled, perhaps the Mark Cuban example (to the extent that you can even believe that scammer) from a year or so ago, and you are not always going to know whether you are the patsy at the table or if you are the one within some kind of scam insider circle (believing that you are the shark)...

and for sure these kinds of matters are not even part of the discussion within this thread, except maybe just to point out the nature of them when they are brought up.. but within this thread we do not need to (or should not need to) go into any kinds of detail discussions regarding which shitcoin is less shitty than others or whether one shitcoin or another has better pumpamentals blah blah blah..  there are plenty of scammer threads out there (reddit/twitter/other forums), and there are even some threads (sections) within this forum that allows for discussion of various supposedly better or worse shitcoins or various ways to trade, gamble or to scheme/connive for bounties.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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February 09, 2023, 09:02:14 AM
 #1778

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
Your explanation about trading is not wrong, but why don't you just provide an example for Bitcoin without having to show other tokens here even though it is the result of your own trading that you are running. Because I don't think everyone will care about the token that you are trading, but when you give an explanation of trading with the example of Bitcoin, I think everyone who sees your explanation will definitely take the essence of what you are explaining.

So just explain about Bitcoin so that there is more attention that you can get even though you have not been able to move on from the token that is still profitable for you at this time. And rest assured that Bitcoin can always be better than any token with the trading concept that you already understand.
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February 09, 2023, 12:15:45 PM
Merited by JayJuanGee (1)
 #1779

The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.


Plus from the standpoint of plebs like us, who merely get lucky because we were just in the right place, during the right time, trading profits, and trading losses, usually add to negative, OR a smaller amount of profit compared to our own projections illustrated by our own imagination/fantasies. But if we plebs truly just "get lucky", then why not Buy the DIP during a bear market, and HODL to maximize the luck. Cool


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February 09, 2023, 02:53:09 PM
Merited by JayJuanGee (1)
 #1780

I shared a screenshot of a Short trading/Day Trading today. The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.
Your explanation about trading is not wrong, but why don't you just provide an example for Bitcoin without having to show other tokens here even though it is the result of your own trading that you are running. Because I don't think everyone will care about the token that you are trading, but when you give an explanation of trading with the example of Bitcoin, I think everyone who sees your explanation will definitely take the essence of what you are explaining.

So just explain about Bitcoin so that there is more attention that you can get even though you have not been able to move on from the token that is still profitable for you at this time. And rest assured that Bitcoin can always be better than any token with the trading concept that you already understand.
Still, shitcoin is more confusing than what is explained, this is very different from the concept of this thread, here, of course, how to explain bitcoin strategy for the long term, starting from HODL with its method, then there is also a DCA strategy with cash flow that you have to still be able to do and other types to last longer with bitcoin so basically it's not trading even though he will explain bitcoin later.

Obviously bitcoin will get more attention from everyone including investors because this is one of the assets regarding the future that is owned by them, we are here how to describe the concept of development and strategy I still continue to understand even though this is easy in other words - HODL, DCA , Dip, in the long term, from that point of view, there must be a way to do it right.

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