Buy the DIP, and HODL!

[noormcs5]

It's never too late, but maybe they weren't buying on the low end. But what's the problem, I don't think there is because you and others can buy bitcoins anytime and at any price you want. As much as possible, that's just the best advice I have to share, but you have to be hold it and accept the risk for your investment to pay off in the long term.

$23K is not too late, the reason is we are still very far from bitcoin's previous ATH where currently bitcoin still maintains its decline at -66%.

It's true that it's never too late to buy bitcoin, we can buy according to our target, the most important thing is to buy regularly and hold it for the long term, regardless of bitcoin going up to $24K, don't say it's too late, it's still a relationship that's still cheap for me, because this price is still far from the previous ATH price.

I am now not going to wait for any momentum while there is still one I will bet on bitcoin by DCA every week it is much better for accumulating bitcoin quickly to keep growing.

I bought again at a price of $ 23,300 yesterday, the most important thing is to be strong to HODL.

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

[ajiz138]

You are correct that sometimes if you are just buying bitcoin regularly, you might not miss the extra money that you are putting into bitcoin, and after many years, the seemingly small amounts add up to a lot of value that you put in, and hopefully the value that you put in has either retained its value equal to other possible places that you could have invested it or even better if the value that you put in has gone up in value.. and going up in value has tended to be the case in bitcoin and seems that there are pretty decently high odds that the value will continue to go up in bitcoin.. so long as you are not overly anxious in regards to the timeline.

Another thing could be that you have a somewhat erratic cashflow, and you realize that you tend to have between $10 to $100 per week that you could invest into bitcoin, but some weeks the cashflow is very tight and other weeks you have some thing (goods or services) that you feel that you need to buy in a timely manner.. so you have discretion regarding whether to invest every single week.. and maybe while you continue to be somewhat focused on building the size of your BTC stash, you consciously make those kinds of allocation decisions on a weekly basis.. but as your stash gets larger and larger and larger  with the passage of time (hopefully), then you might decide that you only need (or want) to make those allocation decisions every two weeks or maybe once a month.

Indeed I sometimes never pass extra money into bitcoin I think that is considered unnecessary money that I need right so I put it in bitcoin it is much better than storing it in a place or in fiat, after many years this is of course there must be incremental start of my portfolio will be adding more regularly because it's a higher chance than the others I'd even be pretty optimistic on Bitcoin.
That's what I have to face with anxiety seeing the market go down, of course it will be a little nervous, but I try to hold it in.

This is still a consideration where when cash flow is uncertain I have to be prepared with a smaller allocation every week or maybe skip and place once a month, sometimes any costs we don't expect, for example buying needed goods, services , maintenance will also take more money, we don't expect it, so if that happens, for example, this week and the money for the allocation of bitcoins runs out, then I skip buying bitcoins in that month, but when there are problems with small fees, I always force myself to buy bitcoins, even if it's small with $10 the important thing is that the accumulation must continue at least once a month.

I don't disagree with any of this, but it is might be good to point out that someone who is new to investing might be in a very good position to allocate all of his/her investing to bitcoin, because s/he does not have any other investment.. and maybe s/he had been living with his/her parents, and just starting to work on building financial independence, so in that sense, when someone is starting to invest, there is not necessarily any need to diversify for the mere sake of diversification..    Fuck that nonsense.   There is nothing wrong with starting out with one investment (which could be bitcoin), and then working towards diversification once the one investment builds up in value..   Of course,  I am not suggesting 100% bitcoin, because there should always be an emergency fund and a contemplation of cashflow versus expenses in order to know how much can be invested into bitcoin, and bitcoin may well end up being the ONLY investment that someone starting into building his/her investment portfolio might have.

But beginners won't take this as a risk, maybe what they know is bullish, what the media or other people hear, but when they put all their money in bitcoin without longer learning, they will get caught up in their greed and difficulties, but that's how I understand it beginners who want to start investing in bitcoin must start small even if they don't have other assets but at least for the beginning they understand in their experience if everyone feels that they understand they can increase their value higher with the money they have.

I cannot disagree with any of this, yet I will still say that if you have a monthly paycheck, you are likely not buying all your monthly expenses for the whole month (especially something like food and transportation costs), even though you might have some expenses that are due on a monthly basis, so you can choose how much to allocate to BTC, and let's say that you have $2k per month coming in, and you have around $1k in known costs such as housing, food, transportation and entertainment, so you have a pretty decent idea about your budget and that you have an extra $1k that you can choose to invest.  Depending on where you are at in your bitcoin investment/allocation journey, you still might want to consider dividing whatever is your extra income into weekly parts... and yeah for sure you do not have to invest all of that right away, and maybe you divide some of it as DCA and some of it is held for buying on dips and some goes into replenish or build your cash emergency funds, and maybe you want to make sure that buy $50 per week of bitcoin no matter what, but you don't really want to spend the whole remainder of the $800, so you save that for buying on dips, other investments or even to make sure that you do not have extra expenses for the remainder of the month, but then once the new paycheck comes in, then you have an ability to have another $1k that is available, so any of the $800 from the earlier month could be spent towards the end of the month.. and my main point, is that you should feel that you have a lot of discretion, including the discretion to buy all of your BTC allowance with the whole $1k at the beginning of the month..

Maybe every expense we can manage and far in advance have determined how much for one month is allocated for our needs including what you mentioned, but from all of that there must be some left over and it will be included in bitcoin as their planning for long term investment and for example if they have discipline in their finances $1000 in one month it should be enough however it should be good enough.

But everyone is different, the same as myself here, there is still an allocation for bitcoins every week or every month, I myself prefer that every week it will process faster than monthly.
Once we can still manage a good budget and don't change our attitude in our lifestyle, we can do whatever we want, including investing in bitcoin every week.

[JayJuanGee]

You are correct that sometimes if you are just buying bitcoin regularly, you might not miss the extra money that you are putting into bitcoin, and after many years, the seemingly small amounts add up to a lot of value that you put in, and hopefully the value that you put in has either retained its value equal to other possible places that you could have invested it or even better if the value that you put in has gone up in value.. and going up in value has tended to be the case in bitcoin and seems that there are pretty decently high odds that the value will continue to go up in bitcoin.. so long as you are not overly anxious in regards to the timeline.

Another thing could be that you have a somewhat erratic cashflow, and you realize that you tend to have between $10 to $100 per week that you could invest into bitcoin, but some weeks the cashflow is very tight and other weeks you have some thing (goods or services) that you feel that you need to buy in a timely manner.. so you have discretion regarding whether to invest every single week.. and maybe while you continue to be somewhat focused on building the size of your BTC stash, you consciously make those kinds of allocation decisions on a weekly basis.. but as your stash gets larger and larger and larger  with the passage of time (hopefully), then you might decide that you only need (or want) to make those allocation decisions every two weeks or maybe once a month.

Indeed I sometimes never pass extra money into bitcoin I think that is considered unnecessary money that I need right so I put it in bitcoin it is much better than storing it in a place or in fiat, after many years this is of course there must be incremental start of my portfolio will be adding more regularly because it's a higher chance than the others I'd even be pretty optimistic on Bitcoin.
That's what I have to face with anxiety seeing the market go down, of course it will be a little nervous, but I try to hold it in.

This is still a consideration where when cash flow is uncertain I have to be prepared with a smaller allocation every week or maybe skip and place once a month, sometimes any costs we don't expect, for example buying needed goods, services , maintenance will also take more money, we don't expect it, so if that happens, for example, this week and the money for the allocation of bitcoins runs out, then I skip buying bitcoins in that month, but when there are problems with small fees, I always force myself to buy bitcoins, even if it's small with $10 the important thing is that the accumulation must continue at least once a month.

For sure, I am familiar with the idea that even within the month there could be enough "uncertainties" to cause you to have to withhold making any BTC purchases until the whole month is resolved and until your next paycheck comes in because you might not be confident that you have enough of a cushion in your cashflow reserves.  I do believe that as long as we are building our BTC holdings and also attempting to learn from our mistakes (or our stress points), then the longer that we are in bitcoin and the longer that we are striving to invest in bitcoin and to build our BTC holdings in an aggressive way, we should be able to get better and better at managing our cashflows in such a way that we lessen the stress of the "lack of reserves" in our monthly management... and sure there still might be some periods of stress and shortage, but maybe also there might be higher levels of reserves as we get more comfortable with the size of the BTC holdings that we may have had already built with the more time engaging in the practices of accumulating and building our BTC holdings.

I don't disagree with any of this, but it is might be good to point out that someone who is new to investing might be in a very good position to allocate all of his/her investing to bitcoin, because s/he does not have any other investment.. and maybe s/he had been living with his/her parents, and just starting to work on building financial independence, so in that sense, when someone is starting to invest, there is not necessarily any need to diversify for the mere sake of diversification..    Fuck that nonsense.   There is nothing wrong with starting out with one investment (which could be bitcoin), and then working towards diversification once the one investment builds up in value..   Of course,  I am not suggesting 100% bitcoin, because there should always be an emergency fund and a contemplation of cashflow versus expenses in order to know how much can be invested into bitcoin, and bitcoin may well end up being the ONLY investment that someone starting into building his/her investment portfolio might have.

But beginners won't take this as a risk, maybe what they know is bullish, what the media or other people hear, but when they put all their money in bitcoin without longer learning, they will get caught up in their greed and difficulties, but that's how I understand it beginners who want to start investing in bitcoin must start small even if they don't have other assets but at least for the beginning they understand in their experience if everyone feels that they understand they can increase their value higher with the money they have.

We cannot necessarily stop newbies from having to have find their own path and to figure out whether taking risks is going to pay off for them.  Some will get lucky and most will get burnt.. but in the end, we can ONLY attempt to help as much as we might know their circumstances and as much as they might be seeking some of our input.. but if they really are not listening to us, then they have to find their own way... we likely do not know the exact details of their circumstances (including the inner working of their psychology) as much as we might think that we do, unless maybe they are a family member, but even then, there is ONLY so much that we should be trying to control the choices that they choose to make for themselves in terms of strategies, allocations and risk management.

I cannot disagree with any of this, yet I will still say that if you have a monthly paycheck, you are likely not buying all your monthly expenses for the whole month (especially something like food and transportation costs), even though you might have some expenses that are due on a monthly basis, so you can choose how much to allocate to BTC, and let's say that you have $2k per month coming in, and you have around $1k in known costs such as housing, food, transportation and entertainment, so you have a pretty decent idea about your budget and that you have an extra $1k that you can choose to invest.  Depending on where you are at in your bitcoin investment/allocation journey, you still might want to consider dividing whatever is your extra income into weekly parts... and yeah for sure you do not have to invest all of that right away, and maybe you divide some of it as DCA and some of it is held for buying on dips and some goes into replenish or build your cash emergency funds, and maybe you want to make sure that buy $50 per week of bitcoin no matter what, but you don't really want to spend the whole remainder of the $800, so you save that for buying on dips, other investments or even to make sure that you do not have extra expenses for the remainder of the month, but then once the new paycheck comes in, then you have an ability to have another $1k that is available, so any of the $800 from the earlier month could be spent towards the end of the month.. and my main point, is that you should feel that you have a lot of discretion, including the discretion to buy all of your BTC allowance with the whole $1k at the beginning of the month..

Maybe every expense we can manage and far in advance have determined how much for one month is allocated for our needs including what you mentioned, but from all of that there must be some left over and it will be included in bitcoin as their planning for long term investment and for example if they have discipline in their finances $1000 in one month it should be enough however it should be good enough.

But everyone is different, the same as myself here, there is still an allocation for bitcoins every week or every month, I myself prefer that every week it will process faster than monthly.
Once we can still manage a good budget and don't change our attitude in our lifestyle, we can do whatever we want, including investing in bitcoin every week.

Of course, there might be ways that we can either increase our income or cut our expenses to make ourselves more happy to be able to buy more BTC; however, at the same time, there might well be limitations regarding how much energy and efforts that we might want to put into making such changes with some considerations that some of those kinds of changes might not really be sustainable.. even though they could be something that we are willing to do for a relatively short period of time just to potentially create some additional financial and/or psychological cushion.

[Ryu_Ar1]

Well, that could be true.
For now under $30k is my benchmark for doing DCA but it does not mean after $30k not buying.
Buying will still be done but in this case maybe I will pay more attention to conditions whether it's from some news or indeed the right momentum to see whether or not I buy there, of course, hopefully the right price in my opinion.
The difference may lie when the price before $30k I bought without seeing anything either in the chart or the increase and decrease that occurred but for after $30k I will obviously consider several aspects before buying it because it can be considered that it is a strategy that I have always prepared from the beginning.
When talking about "over did it" of course even though this is bitcoin which is definitely profitable but we don't need to do that. Even if it is possible but we don't need to risk everything on the investment made because this can be detrimental to yourself. As much as we can in setting aside some funds from the rest of our daily needs is clearly the best thing for this condition.

I don't disagree with anything that you are saying Ryu_Ar1, and maybe I do not know or understand enough about your own particular situation in order to know how you might be thinking about "overdoing it" as compared with my description of overdoing it.

Maybe we could use your forum registration date as a framing for when you got into bitcoin?  which is ONLY a bit more than a year... so depending on how long you have been in bitcoin, that can affect how you might consider overdoing or even how you might consider your own future investment into bitcoin based on how much you have already invested.. including that it is quite likely that a lot of newbies into bitcoin who might have started less than 2 or 3 years of investing into bitcoin might well still not be in profits, and perhaps something around $30k might be your own "break even" amount where you are no longer in the negative.  I am not sure, and I do have sympathy for anyone who might have had ONLY started investing in bitcoin in recent times, including less than 2 or 3 years and some of those people might be more in the negative than others, and likely not too many are in the black (or in profits).

Previously thank you for giving a little advice that is quite useful. Yep, in this condition I am still very young, especially in this case, I have only been involved in bitcoin for over a year, which before I was someone who could indeed be said to be against this.
Maybe this condition can still be said to be greedy in the condition you are referring to because indeed I am still trying to add to the portfolio that I have now because I have only been using this for a while.

So, in that sense, sometimes any of us who might have had gotten into bitcoin and still are in the negative (not in profits) might end up investing more than what we had originally planned and even causing ourselves more abilities to shave off some profits once our BTC holdings goes into profits... and surely it is not necessary to over invest into bitcoin, but when we talk about "over investment" there may well be a need to put such description into some kind of context in order to better understand that there are degrees in which overinvesting might be more rational and prudent as compared to other forms of overinvesting that might end up being gambling or putting way too much value into BTC in a kind of way that does not seem to be prudent.

Well, I will try to apply this and start to understand again what you mean in terms of excess because there's really nothing wrong with doing that as long as the conditions are getting better because sometimes things like this are what we can take especially when looking at my experience and clear condition much different.
Initially, my plan was to still buy, even though it was slightly reduced when the price exceeded $ 30k, but when it comes to something that is excessive, there are conditions where we have to look at several possibilities and there are other favorable situations, so it's not wrong to review what I'm planning.

[JayJuanGee]

[edited out]

Previously thank you for giving a little advice that is quite useful. Yep, in this condition I am still very young, especially in this case, I have only been involved in bitcoin for over a year, which before I was someone who could indeed be said to be against this.
Maybe this condition can still be said to be greedy in the condition you are referring to because indeed I am still trying to add to the portfolio that I have now because I have only been using this for a while.

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio.  And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings.  I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.

[edited out]

Well, I will try to apply this and start to understand again what you mean in terms of excess because there's really nothing wrong with doing that as long as the conditions are getting better because sometimes things like this are what we can take especially when looking at my experience and clear condition much different.
Initially, my plan was to still buy, even though it was slightly reduced when the price exceeded $ 30k, but when it comes to something that is excessive, there are conditions where we have to look at several possibilities and there are other favorable situations, so it's not wrong to review what I'm planning.

It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.

And, yeah there are no guarantees so sometimes we can have a lot of dilemmas along the way about whether to continue to invest, how much, whether to withdraw some, and some of those decisions can make very large differences down the road, even though they might seem like minor decisions at the time that we make them, and it becomes really tempting to pull out profits when we are up 100% or even 2x or 5x, but still that might end up serving as a kind of withdrawal of too much too soon and contribute to our becoming a bitter no coiner (or a bitter low coiner).. and yeah, each of us is responsible for his/her own decisions regarding how to manage these risks and whether we might be tempted into actions that might seem good in the short term but end up reducing our investment way more than the amount that we had benefitted at the time that we withdrew some or all of our investment.

So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.

[LDL]

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.



Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

[bangjoe]

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.



Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

I know how the market is currently unstable in the sense that anything can go down and fall even deeper, but still this is a good opportunity where we can buy bitcoin while it is still correcting but it is quite clear that this is an opportunity that must be taken advantage of as long as you believe in bitcoin.

When it goes up, it doesn't mean we have to sell at $25,000-$30,000. This is still too low, in my opinion, to take profits because this is an investment, not short-term trading until March.

From the word dips, it's clear to buy bottom holding until ATH again, it doesn't mean there is a choice when the pump comes you have to sell it too early to do if you hold bitcoin, what I understand is about a strategy of holding Bitcoin for as long as possible for the next 2-3 years future and not thinking about short-term gains.

[Wind_FURY]

I'm simply the SILVER LININGer. I accept DOWNity "because Golden Opportunities", and I UPity cheer "because HODLing".

Plus I never take anything personally. I'm merely making the point of my posts very clear. It's easy to misunderstand each other's viewpoint without actually talking in person, facing each other.

I'm trying to understand what you're trying to explain, and I think some people might agree with you, but of course not everyone agree with you. In addition, dip is not only there when it is bearish, but also when it is bullish. After all we are still in a deep downturn as bitcoin has so far been holding on to a 65% drop in price from its previous ATH.

Buying dip during bearish period may be more profitable than buying dip during bullish, and the two offer different odds of the amount of profit to be made. I could consider both, but tend to prioritize dips during bearish.

I'm merely illustrating that we should find Silver Linings, or positives, during those times when everything is negative, like the current market. BUT the lowest DIPs are found during bear markets, no?

The worst decision plebs like us can make is if we give up. The current bear market can't last forever, wait and see during the next halving.

[BobK71]

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.

Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

It is true that we see a large dip before each bull market. Maybe it is the best time for the dip. In recent times, Bitcoin has risen to $25,000, but due to lack of confidence, it is reduce again. From the last day the BTC has seen major collapse. This is basically happen for a report that US manufacturing is in recession. Generally I don't think this will refer any negativity for long time. Since the positive side of BTC is high, we can see any big positive movement soon. Definitely for those who are waiting for the dip it is a good opportunity.

[JayJuanGee]

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.

Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

I know how the market is currently unstable in the sense that anything can go down and fall even deeper, but still this is a good opportunity where we can buy bitcoin while it is still correcting but it is quite clear that this is an opportunity that must be taken advantage of as long as you believe in bitcoin.

When it goes up, it doesn't mean we have to sell at $25,000-$30,000. This is still too low, in my opinion, to take profits because this is an investment, not short-term trading until March.

From the word dips, it's clear to buy bottom holding until ATH again, it doesn't mean there is a choice when the pump comes you have to sell it too early to do if you hold bitcoin, what I understand is about a strategy of holding Bitcoin for as long as possible for the next 2-3 years future and not thinking about short-term gains.

Your description of "holding for the long term" is still pretty whimpy bangjoe..

Think 4-10 years or longer..

And also I am not even against any plans in whihc some bitcoin are shaved off at various points along the way.. such a strategy to sell relatively small amounts of BTC on the way up is still largely holding the BTC.. especially if you have been buying on dips and accumulating..

Let's say for example, you had been in bitcoin since about early 2017 (using your forum registration date as a guideline bangjoe), and so during the past 6 years, you had been attempting to accumulate bitcoin fairly regularly, persistently and aggressively within your budget, but really your budget only had allowed you around $400 per month to spare to buy bitcoin, so in that regard, mostly you had invested around $30k over the last 4 years, and you have accumulated around 4BTC.  You are feeling pretty good about the whole matter, and maybe you had been able to increase your BTC stash in the last 9 months or so by a hole coin.. rather than maybe you had been anticipating that you were ONLY going to be able to increase by a fraction of a coin, so in that regard, you feel that you have done pretty good with the BTC's price dippenings in the past 9 months or so. 

Accordingly, you could sell some BTC on the way up at various points, and maybe you would be more justified to sell some BTC if you had spent more than your budget (such as spending $800 to $1k per month rather than your usual $400 per month). 

I am suggesting that any of us can still be in lines with the ideas of this thread by selling some relatively small portions of our bTC on the way up at various price points or perhaps after certain amounts of time have passed.. but we need to be careful in terms of any propositions that suggest that it is a good idea to be fucking around with trying to sell large portions of our BTC holdings in order to buy back more at lower prices that seems to be out of the sentiment of the kinds of ideas that we have been trying to bat around in this thread and perhaps getting into topics of trading rather than ideas that concern the values of buying the dip and holding.. which largely are intended to accumulate bitcoin along the way without having to resort to selling on the way up..

Those who want to buy and hold bitcoin for long term, this is the best time.Sooner or later bitcoin will cross 25000$ and a bullish momentum may start which can lead the bitcoin prices all the way to 30K.

I don't understand why people keep on waiting for more lower prices when they know that bitcoin will reach new highs. DCA is another very good strategy when it comes to accumulation of bitcoin.

Various Unwanted Issues Cryptocurrency Markets Are Going On, An Opportunity Has Come For Those Who Haven't Invested In The Bitcoin Market So Far To Invest In Bitcoin. The Bitcoin market dropped from $23,300 to $2,1900, but experts are predicting that Bitcoin will rise to $25,000-$30,000 in March. If so then there will be potential profits for those who invest and hold on to this dip.

Buy the Dip
Hold until market pump
Sell the top pick
Make profits.

It is true that we see a large dip before each bull market. Maybe it is the best time for the dip. In recent times, Bitcoin has risen to $25,000, but due to lack of confidence, it is reduce again. From the last day the BTC has seen major collapse. This is basically happen for a report that US manufacturing is in recession. Generally I don't think this will refer any negativity for long time. Since the positive side of BTC is high, we can see any big positive movement soon. Definitely for those who are waiting for the dip it is a good opportunity.

I find it difficult to attempt to project that "this is the last dip before up," because there are frequently going to be a quite a few ups and downs along the way, and sure there could be patterns of long periods of UP before down happens, and also the long periods of UP might not end up playing out like they have played out in the past.  So from my perspective, in some ways we should always be attempting to prepare ourselves both financially and psychologically for a variety of scenarios, including scenarios that may well not end up playing out... but at the same time, we should be trying to be realistic at the same time, in terms of ongoingly and persistently continuing to buy bitcoin along the way.. especially if we might consider that we do not have a lot of bitcoin in terms of where we would like to be and also it still does seem that BTC prices are in considerable dip periods of staying below the 200 week moving average for such a long period of time.. and yeah, there is no guarantee that the 200-week moving average will continue to slope upwardly, either... even though throughout bitcoin's history, the 200 week moving average has sloped upwardly.  See here.

[ajiz138]

For sure, I am familiar with the idea that even within the month there could be enough "uncertainties" to cause you to have to withhold making any BTC purchases until the whole month is resolved and until your next paycheck comes in because you might not be confident that you have enough of a cushion in your cashflow reserves.  I do believe that as long as we are building our BTC holdings and also attempting to learn from our mistakes (or our stress points), then the longer that we are in bitcoin and the longer that we are striving to invest in bitcoin and to build our BTC holdings in an aggressive way, we should be able to get better and better at managing our cashflows in such a way that we lessen the stress of the "lack of reserves" in our monthly management... and sure there still might be some periods of stress and shortage, but maybe also there might be higher levels of reserves as we get more comfortable with the size of the BTC holdings that we may have had already built with the more time engaging in the practices of accumulating and building our BTC holdings.

And that is the most important thing how we learn from the mistakes of the past it is included in the uncertainty in finance every month sometimes has to wait for salary to come again to start how to pile up bitcoin with a state of severe pressure.
It will almost not be smooth every month about any necessities but as much as possible we must be able to save so that we can become a better ownership in the BTC that has been bought so far, not about imposing but the principle of planting money at BTC is a must in the future that I am Believe as a more important asset.
Honestly, until now I am trying to be better in managing cash flows again even I study in various places how to manage good cash flows and not cause pressure because for me it is important a necessity where I have to know the procedures for managing it.

Of course, there might be ways that we can either increase our income or cut our expenses to make ourselves more happy to be able to buy more BTC; however, at the same time, there might well be limitations regarding how much energy and efforts that we might want to put into making such changes with some considerations that some of those kinds of changes might not really be sustainable.. even though they could be something that we are willing to do for a relatively short period of time just to potentially create some additional financial and/or psychological cushion.

Until now, not only relying on monthly salaries, of course there must be more income as a reserve that is made for my bearings, for example in a small business that is still being carried out, sometimes in this case it cannot cover the operational costs that are carried out, this is something different where working in the office is still running while the small business is still being done even though it is different from the cash flow and expenses.

It is true that reducing expenses will make us a little more relieved because there is no bigger burden to bear each month and with the changes made, especially in management, it will be much more comfortable than thinking about our egos thinking about buying excessive goods.

[JayJuanGee]

[edited out]

Until now, not only relying on monthly salaries, of course there must be more income as a reserve that is made for my bearings, for example in a small business that is still being carried out, sometimes in this case it cannot cover the operational costs that are carried out, this is something different where working in the office is still running while the small business is still being done even though it is different from the cash flow and expenses.

Usually when you have a business, you have to keep larger cash reserves on hand, and surely the amount of cash reserves that you will need to keep on hand will in part depend upon how reliable the cashflows of the business are..

A similar thing is true if you have family members that you need to support, the more complicated your finances, the more likely that you are going to need to keep extra levels of cash reserves available for various potential unexpected expenses.

It is true that reducing expenses will make us a little more relieved because there is no bigger burden to bear each month and with the changes made, especially in management, it will be much more comfortable than thinking about our egos thinking about buying excessive goods.

When we are considering the possibility of cutting expenses, then surely we might want to think about whether some of our expenses have pure consumption values or if they might have a combination of consumption values and investment values or that sometimes some of our expenses might indirectly contribute towards increasing our cashflow, even though it might not be easy to measure which of the expenses are more needed or beneficial than others.... so of course, we should ONLY get caught up on one half of the ledger.. and we likely have to continue to consider both sides of the ledger.. .. and perhaps think about if we might work on some ways to increase our cashflows in order that we do not necessarily need to cut certain expenses.... Sometimes, we might end up getting so focused on one angle or another while not necessarily realizing that some of the benefits of our expenses are complicated and some of the ways that we might increase our cashflows might be within our reach, but also not very clear how to accomplish.  At the same time, there might surely be some "luxury" expenses (or even waste) that we regularly employ and we might have to exercise will power to cut those expenses, and maybe even a bit of internal discipline to be able to direct ourselves in regards to cutting some of those kinds of expenses when we acknowledge that they exist.

[Ryu_Ar1]

Snip-

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio.  And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings.  I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.

This is a fairly long-term experience and plan that I have not even thought about in that direction. and this can also be one of my other thoughts because it can be said that at this time I am still not exactly remembering my previous plans and seeing from the exposure of your experience and plans it is clear that I am still very far thinking ahead because I am still profit-oriented in this case.
Even so I will still rethink what I will do after this because it does give me other thoughts that are different from my original plan.

It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.

This definitely slapped me because even though I don't want to admit this, I still think about things like what you said.
Even though I don't always think about doubts, there is still one condition where I always think about and start to experience doubts that make me a little shaky even though I still survive until now.

So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.

What I can take in this case is to stay in a condition where we are still consistently maintaining and making our minds calm. which indeed in this case I did not do before because indeed my previous implication clearly lies in real sales and buying without thinking about conditions but on the other hand the concept is a little different from consistency.

This is another consideration that makes me have to start rethinking the system that I have in organizing and building my portfolio.

[JayJuanGee]

Snip-

It took me about a year (from late 2013 to late 2014) to establish my initial bitcoin position, and I had already been investing and building my investment portfolio for more than 20 years by the time I started to add bitcoin into my investment portfolio.  And, by the end of 2014, I thought that I largely had enough BTC, but I could not resist to continue to buy BTC for the next couple of years.. and sure my accumulation strategy and approach was a bit less aggressive/assertive in those next 2 years of 2015 and 2016, but still I spent time getting to a place (or continuing to try to get myself to a place in which I was more comfortable in terms of my bitcoin stash).. So perhaps there is always a kind of ongoing persistent and pestering element that we cannot really feel comfortable until our holdings are in profits.. and of course, the more that we end up being in profits, then the more options we start to feel that we have, so in that sense, we gain a lot of comfort and confidence merely by being in profits..

Another thing is that it seems to me, that if I had not started out with already having a long time (of more than 20 years) building my various investments, it probably would have taken me quite a bit of time to build my BTC holdings.  I cannot have confidence in terms of what kind of approach that I would have taken if I had been 20 years younger and just approaching investing in 2013.. so there is a bit of speculation there.. because of course, I had not known about bitcoin when I was first building my investment portfolio.

Another thing seems to be that bitcoin may well cut our times down in which we might have to invest in order to be able to achieve and appreciate large profits, but it likely still does not mean that we are going to be able to get rich in a few years.. rather than the normal 30 to 40 years that it would usually take and some folks do not even have high levels of success in their investments, even if they spend 30-40 years building their investment portfolios.

This is a fairly long-term experience and plan that I have not even thought about in that direction. and this can also be one of my other thoughts because it can be said that at this time I am still not exactly remembering my previous plans and seeing from the exposure of your experience and plans it is clear that I am still very far thinking ahead because I am still profit-oriented in this case.
Even so I will still rethink what I will do after this because it does give me other thoughts that are different from my original plan.

It seems to me that when you are building your investment portfolio, it is good to just keep chipping away at it.. because it could take a very long time before your investment portfolio starts to seem like it is a meaningful amount, and yeah, of course, sometimes we are going to have doubts along the way that could cause us to stop or to lessen the amount of our investment, and sometimes those doubts will cause some of us to withdraw portions from the investment (including profits), which may well not be good idea for the real exponential nature that seems to come from compounding effects.

This definitely slapped me because even though I don't want to admit this, I still think about things like what you said.
Even though I don't always think about doubts, there is still one condition where I always think about and start to experience doubts that make me a little shaky even though I still survive until now.

So similar kinds of mistakes can be made by selling too much too soon or to the contrary failure/refusal to sufficiently and adequately buy BTC on a regular basis in order to prepare for UP.. and sometimes the amount that we might buy BTC on a regular basis, might not even make that much of a difference to our regular life.. so whether that is $100 per week or $10 per week or some other amount that might be suitable to our situation and budget.

What I can take in this case is to stay in a condition where we are still consistently maintaining and making our minds calm. which indeed in this case I did not do before because indeed my previous implication clearly lies in real sales and buying without thinking about conditions but on the other hand the concept is a little different from consistency.

This is another consideration that makes me have to start rethinking the system that I have in organizing and building my portfolio.

Well, personally, I think that it is better to use some kind of an Excel spreadsheet to both show your historical building of your investment portfolio, and presumptively you have ONLY added bitcoin to it recently, and perhaps you did not have much of an investment portfolio prior to bitcoin.  I cannot remember your situation except maybe that you were asserting that you had real humble and modest amounts that you would be able to save on a regular basis.

If you think about it, there are better case scenarios in terms of how much you are able to save and also better case scenarios in terms of how your investments (BTC and perhaps other things) will perform... So you can project out worse case scenarios, medium (or more likely scenarios) and best case scenarios, and maybe the first few times that you project out all of your ideas it will be difficult and it will not make sense, but you can come back to it from time to time, and save your older versions and create new files that might branch into one direction or another while at the same time, even though you might look at both best case scenarios and worse case scenarios, you probably should be attempting to put most of your time into what you consider to be the more likely scenarios that you can also tweak from time to time because sometimes you might come across either facts or even ideas that cause your base case scenarios to be in need of corrections to make them more realistic in terms of actual facts rather than fantasies or wrong ideas.

I probably stated that when I was younger.. like when I just left home, I almost always made it a goal to save at least 10% of my income, and surely I had times in which my income was really low so 10% did not end up being very much, and then I had years that I was in college, so I had a lot of expenses, and it was a lot more difficult to save money... but anyhow, back then I did not have bitcoin, but later in life I got some better paid jobs that caused me to have an income that was way higher than what I was used to, so I was able to save way higher amounts (and kind of make up for the years that I had not been able to save as much).. In some ways I got lucky, but still I understand the idea that it is not unusual that it could take you 5-10 years or longer just to save up as much as your annual salary, and you figure that you would have to save 20% of your income to be able to get there in 5 years and 10% of your income if you were to get there in 10 years... so even if you are able to save 100% or 200% or more of your income, I doubt that your retirement plan would be to just spend the whole thing, but instead try to get to amounts in which the principle ends up being somewhere in the category of 25x the amount that you need to live on each year in order that you would merely be living off of the interest (so that is getting your principle to be 25x your annual income amount).. which is living off of something like 4% per year. Those are basic ideas about getting to a point in which you are able to live off of your investment as a kind of passive income without depleting the principle.

If you were to ONLY rely upon your saving your money and not really earning anything off of it, then likely the cost of living will continue to eat away (and deplete) your abilities to live off of interest on the amount that you are able to build up in your investment portfolio, so in some sense, the better performance of any of your investments in your portfolio, the the more likely that you would be able to reach your abilities to get to fuck you status.. which would be in the ballpark of around 25x the amount that you need to live annually. and many of us bitcoiners believe that bitcoin gives way better chances of being able to reach those kinds of numbers than various traditional investments.. None of this is easy, the obstacles are high, and part of the reason that some people resort to shitcoins or gambling and various kinds of strategies like that is because they consider that they are not able to reach the kinds of numbers  that they feel that they need to reach if they were to merely invest in bitcoin or in some other more traditional asset classes.. but personally, it seems to me that both the upside and the downside risk needs to be taken into account, and it seems to me that bitcoin continues to be one of the best asymmetric bets to the upside when accounting for all of the variables.. and at the same time, i tis true that each person has to come to their own decision-point in terms of if they believe bitcoin is a good asset in their investment portfolio and if so, then how aggressive should they be in regards to bitcoin accumulation and/or maintenance in order to hopefully get to fuck you status at some point more quickly (or even more possible) than they might be able to do with traditional investment options.

[bitterguy28]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery .

but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase .

[Falconer]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery.

Lol, maybe not only you but thousands of other people have also missed the same opportunity. But after that, you have to take every opportunity carefully. Plus, you shouldn't be forced to invest when you don't have a good budget, meaning you should only invest with an unused budget or long-term savings rather than a budget you still need to survive.

but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase

Just buy when you have the budget, buy and hold. But you have to be smart enough to save a budget during a difficult economic situation, and invest wisely and you have to manage it as best you can without disturbing one another's needs. Simply put, you shouldn't invest if you don't first think about your daily needs, fulfill them first and think about investing. Someone may say "let me be hungry today but I will be full tomorrow", that is not entirely accurate because the market never guarantees you a profit.

[Wind_FURY]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery .

but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase .

It's very admirable that you gave everything to help your mother, but that's the disadvantage I was talking about in a post that was misinterpreted as "taking risks is ALWAYS bad". Under the right situation, it's actually good to take more risks, the highest risks IF you're young single, AND who has absolutely no other responsibilities but just to yourself.

I believe you should be more careful because you're responsible for your mother, and probably other siblings? Don't take too much risks.

[JayJuanGee]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery .
but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase .

It's very admirable that you gave everything to help your mother, but that's the disadvantage I was talking about in a post that was misinterpreted as "taking risks is ALWAYS bad". Under the right situation, it's actually good to take more risks, the highest risks IF you're young single, AND who has absolutely no other responsibilities but just to yourself.

I believe you should be more careful because you're responsible for your mother, and probably other siblings? Don't take too much risks.

Well.  This is the difficult part to assess, and so there are degrees in which any of us either might make mistakes in regards to over prudence or even selling at the wrong time versus not accumulating more BTC.

I recall that in 2014 I was mostly accumulating, even though in 2015 when BTC prices were in a better position, I was not able to accumulate as much due to cashflow issues, and surely there were some folks advising me to sell some BTC and cut my losses... So sometimes there can still be persistence to accumulate BTC with lower amounts, or what seems to be the better situation of NOT selling during that time, even if further accumulation was not possible...

These are judgement calls for sure in regards to where to spend from first, and how much investing could be afforded.. and let's say that bitterguy28 had been able to invest in 2016 and 2017 and was investing at $100 per week, but then the issue of cashflow comes along, and maybe the investment could continue but just get cut to $10 per week...

One funny (and maybe built) in difficulty with an investment like bitcoin is that it is it quite likely that cashflow issues will come at or near the bottom of the markets which tempt HODLers to sell.. and the ones who tend to do the best would likely be the ones who are able to HODL through those periods, and of course, if the sales had taken place in 2017 or perhaps early 2018, then it is not so bad to NOT be able to buy any BTC between 2018 and 2021.. but then by the time we got to 2021, the BTC prices were generally up (relatively speaking - and so far from what we can see) during that time and thereafter, until May/June 2022..

I am not going to claim to know the answers that would necessarily apply to various possible subtlties and abilities to engage in ongoing investing into BTC even if cashflows might be relatively tight because sometimes any of us could end up being in situations (and maybe for a long time) in which we are having difficulties with our cashflow and difficulties investing at times that likely would be better times to invest, and then we end up getting tempted into investing into something like BTC when the price are going up or had gone up for a while rather than when they are in the deepest of their trough, and part of our cashflow issue might have come from investing too much on the way up so we run out of cash when the BTC price comes down and when it ended up being (upon retrospect) at a better price point, relatively speaking.

[bangjoe]

what I understand is about a strategy of holding Bitcoin for as long as possible for the next 2-3 years future and not thinking about short-term gains.

Your description of "holding for the long term" is still pretty whimpy bangjoe..

Think 4-10 years or longer..

And also I am not even against any plans in whihc some bitcoin are shaved off at various points along the way.. such a strategy to sell relatively small amounts of BTC on the way up is still largely holding the BTC.. especially if you have been buying on dips and accumulating..

Let's say for example, you had been in bitcoin since about early 2017 (using your forum registration date as a guideline bangjoe), and so during the past 6 years, you had been attempting to accumulate bitcoin fairly regularly, persistently and aggressively within your budget, but really your budget only had allowed you around $400 per month to spare to buy bitcoin, so in that regard, mostly you had invested around $30k over the last 4 years, and you have accumulated around 4BTC.  You are feeling pretty good about the whole matter, and maybe you had been able to increase your BTC stash in the last 9 months or so by a hole coin.. rather than maybe you had been anticipating that you were ONLY going to be able to increase by a fraction of a coin, so in that regard, you feel that you have done pretty good with the BTC's price dippenings in the past 9 months or so. 

Accordingly, you could sell some BTC on the way up at various points, and maybe you would be more justified to sell some BTC if you had spent more than your budget (such as spending $800 to $1k per month rather than your usual $400 per month). 

I am suggesting that any of us can still be in lines with the ideas of this thread by selling some relatively small portions of our bTC on the way up at various price points or perhaps after certain amounts of time have passed.. but we need to be careful in terms of any propositions that suggest that it is a good idea to be fucking around with trying to sell large portions of our BTC holdings in order to buy back more at lower prices that seems to be out of the sentiment of the kinds of ideas that we have been trying to bat around in this thread and perhaps getting into topics of trading rather than ideas that concern the values of buying the dip and holding.. which largely are intended to accumulate bitcoin along the way without having to resort to selling on the way up..

I think after they have passed 2-3 years of course it would be better 5 years and so on.
I believe that I should be able to hold longer for bitcoins.

I know it's a good way to refer from 2017 how the consistency of buying BTC until now will pay off more, but at that time I couldn't because of erratic income so nothing was set aside for bitcoin in the past when the price was low.

But for now I'm not too aggressive in buying bitcoins because other needs are important to me so by setting aside a month it's not a lot to buy bitcoins but when there is additional income then I need to accumulate more bitcoins in that way but for every salary month I think it is quite difficult because other needs sometimes only fit the month's salary that is received.

At least I already have bitcoins that I bought some time ago and I saved them properly, there is also an additional accumulation of the results obtained maybe that is what makes the gain erratic.

[bitterguy28]

You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

I missed the chance to accumulate more from 2018-2021 so yes I am failed in my expectation as there is a surgery that needs to be funded and sadly I have to full out almost every funds from my folio to sustain my mothers surgery .

but not now, as i have already established my financial capacity and yes back to track again and buying as long as I have a chance to purchase not totally in dip but whenever there is available funds in my hands , as i believe that we must not only accumulate when there is a dip instead everytime that we have a chance to purchase .

It's very admirable that you gave everything to help your mother, but that's the disadvantage I was talking about in a post that was misinterpreted as "taking risks is ALWAYS bad". Under the right situation, it's actually good to take more risks, the highest risks IF you're young single, AND who has absolutely no other responsibilities but just to yourself.

I believe you should be more careful because you're responsible for your mother, and probably other siblings? Don't take too much risks.

thanks for the concern mate but now siblings and other family members are helping to keep our mother healthy meaning I am not the sole person that has obligation.
so yeah it is not best to take too much risk but this is what I choose to recover from my fast mistakes.
now I am currently holding a good chunks of Bitcoin and aiming to at least hold 2-5 bitcoin before the bull comes again.