Buy the DIP, and HODL!

[JayJuanGee]

HODL does not mean "hold on for dear life"

That was some no coiner gambler who came up with that characterization of HODL in order to wrongly imply some level of gambling and/or panic/stress that a HODLer needs to have."<<<<<<<

I wonder where they got the idea from that holding means "hold on for dear life" I mean how did dey arrive at this conclusion, though we know bitcoin is more of long term holding but how can someone hold bitcoin without having a plan from the start or along his/her accumulation journey, they say " if you fail to plan you plan you to fail" so a holder without a goal to achieve with his/her bitcoin by the end of their accumulation journey is either making investment for their children/next of kin, that is if they have his mnemonic phrase and private key or they are just making investment  to keep the system running if anything happens to them.

so the person is feeling pretty good about having had accumulated a whole bitcoin in three years, but feeling pretty bad because s/he had invested way more than expected into bitcoin as compared to the rest of his her investment portfolio

I don't think over accumulating bitcoin even after setting an accumulation target should make the person feel pretty bad because, having such a great bitcoin portfolio is the dream of many investors,

Hahahahaha   You are fighting with the hypothetical.  I was attempting to describe the rationale of a person who had gone through three years of investing and maybe even invested twice as much as he told his spouse that he was going to invest, so for whatever reason, he is feeling bad because he was so obsessed with reaching a 1 BTC target that he ended up neglecting other things in life.. This is a fictional situation that I create, and sure I am trying to be somewhat real in the creation of the scenario, so I doubt that it is a good idea to fight with something that I kind of made up to try to put someone into such an overaccumulation position/dilemma while also trying to make it relate to current BTC price performance and/or facts about the current BTC market.

both new and old, it should be consider a privilege because your having 1 complete original coin. Slowing down would be the worst option, why would any one reduce their bitcoin accumulation for any shitcoin?

I was not saying that this hypothetical guy got into shitcoins, but instead I said that the guy stopped buying BTC every week and he ended up accumulating $2,100 in the last month and a half .. and so yeah, maybe it was a bit rash to sotp buying BTC, and maybe I could have come up with some other kind of circumstance in which the guy no longer had the cashflow or something like that, but I do think that sometimes guys will get themselves into situations in which they feel that they need to stop DCA, and maybe the better solution could have had been to cut his DCA in half, which is something that I mentioned that the guy would be considering in comparison to some of his other available options, that I also mentioned his current thinking on the topic of taking a break between $24k and $60k... at least for now. .and having had also considered a potential 6 month break, but maybe he could resolve the matter after a mere 2.5 months. .which is where such hypothetical person is at currently... 2.5 months of taking a DCA break and allowing cash to accumulate.

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[BigBos]

The questions about the rise and fall nature of the decentralized digital currencies have raised a lot of eyebrows to interested people who want to venture into Bitcoin but do not have enough information at hand. Sometimes it is not just about searching online because you may not necessarily have the in depth or hands-on information you're looking for. So, therefore, it is key that we enlighten ourselves more about what it takes to patronize the digital currency and by extention invest in it.

DCA remains the best option for long-term growth investors who have meager resources at hand but are always ready to take advantage of the market trend. It is like an investment plan options that have been roled out to a potential investor who's knocking on the door for investment.

Don't know if this example helps but it's a case of whether he or she is an angel investor who's putting in their own funds with the expectations of making profits by taking advantage of the market, he can use the DCA approach OR if the investor is a venture capitalist who's investing more money into the coin, then the investor will want to wait for the Lump Sum to make profits.

Actually, when talking about this, especially for DCA, I don't think it's necessary to say digital currency because in the end, the most suitable thing to associate with DCA is only bitcoin, not for others because you have to realize that digital currency has a lot of scope and not just for cryptocurrencies and even cryptocurrencies have a large scope because there are so many sub there such as bitcoin or shitcoin, especially in our current discussion, it has also led to one point "bitcoin" so discussing digital currency and combining it with DCA is too far in my opinion because the scope is too big.
On the other hand I will not question the strategy whether it is DCA or indeed a lump sum because everyone has their own strategy when buying bitcoin but if it is with minimal financial conditions then the suggestion is to stay in DCA not with others especially Lump sum because however when you wait for the price that you think is suitable it takes a long time especially waiting for bitcoin to crash again when the situation is not possible then it would be better to do DCA comfortably.

[Fauderz]

HODL does not mean "hold on for dear life"

That was some no coiner gambler who came up with that characterization of HODL in order to wrongly imply some level of gambling and/or panic/stress that a HODLer needs to have."<<<<<<<

I wonder where they got the idea from that holding means "hold on for dear life" I mean how did dey arrive at this conclusion, though we know bitcoin is more of long term holding but how can someone hold bitcoin without having a plan from the start or along his/her accumulation journey, they say " if you fail to plan you plan you to fail" so a holder without a goal to achieve with his/her bitcoin by the end of their accumulation journey is either making investment for their children/next of kin, that is if they have his mnemonic phrase and private key or they are just making investment  to keep the system running if anything happens to them.

There seems to be a mistake in this because seeing from the situation the view that I got actually for the hodl problem is clear that it is only for the determinant of the target we want to achieve not as a whole to stay in bitcoin forever because we must realize that this is an investment and we expect profit so there must be a target that we want to achieve such as the time period or the profit we want to get so there is a need for hodl for that.
In addition, actually when talking about strategy, of course there must be a mature strategy from the start because if in the end you take the wrong step when taking a strategy at the beginning you are in bitcoin then you may not be optimal in terms of the results we want to achieve. I will take an example here. Suppose we want to do DCA but the nominal that we set to do DCA at the beginning is too imposing because it does not match your economic situation (greater than your income) then indeed it will not be optimal because the DCA that you do can be stopped halfway because the nominal that you determine to do DCA is greater than income and actually hampers your economy.

[pinggoki]

That can't work all the time although it's the best ever, sometimes the price of bitcoin just continues to go up and you have the funds to buy, DCA can help you in that so you don't end up having to wait for months or years and that money stagnating from inflation. We can't predict the market so it's for the best that we adapt our strategies or just make more money in our jobs and save more extra money so we always have money when the price of bitcoin is low.

If you look at market conditions and the surrounding environment with income levels that are still the same as usual, I still want to run DCA rather than saving money in a place that in the end will not produce anything. Apart from that, there is no guarantee that money saved for months to buy something will last without being used, unless there is other income to support it when we need money quickly. So DCA is still powerful enough to be used to buy Bitcoin if someone still really wants to collect Bitcoin in that way from now on.

I clearly said in my post that I support and I recommend doing DCA so what are you on to quoting it and being defensive about DCA? Well, there's a guarantee that your money saved for months will last because I said that we should just make more money in our jobs which should've implied that you will be able to comfortably save money without any worries that you're going to spend it quickly.

[Popkon6]

HODL does not mean "hold on for dear life"

That was some no coiner gambler who came up with that characterization of HODL in order to wrongly imply some level of gambling and/or panic/stress that a HODLer needs to have."<<<<<<<

I wonder where they got the idea from that holding means "hold on for dear life" I mean how did dey arrive at this conclusion, though we know bitcoin is more of long term holding but how can someone hold bitcoin without having a plan from the start or along his/her accumulation journey, they say " if you fail to plan you plan you to fail" so a holder without a goal to achieve with his/her bitcoin by the end of their accumulation journey is either making investment for their children/next of kin, that is if they have his mnemonic phrase and private key or they are just making investment  to keep the system running if anything happens to them.

Lol, so you are not investing, people invest for long term to get success in investment and build good life. If I hold 1 Bitcoin then of course it will be held for the future. The plan is that we hold Bitcoin by investing in the DCA method. Without a purpose in life you will never reach your destination. So it is better to hold Bitcoin for the future by targeting the DCA method.

[aoluain]

Personally, I have FIAT now but I'm holding out for the "correction" - so yea I'm waiting for the
"Buy the Dip, and HODL" moment.

You've already had a million and one opportunity to buy during correction, so why wait now? You think next correction would be any different from correction we had before? Come one man, dont be so greedy. Take some of your holding and make a test purchase. You wont lose much, and would have tested the market. Who knows, maybe today is the best time to jump in and you would thank me in half a year.

Ah dont worry what FIAT remains is only after what Bitcoin I have bought! I have been buying
Bitcoin regularly, Last price point when I bought was at $33250 but I'm holding off with a few
purchases until as I said we get a correction.

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

[Odohu]

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

$1.7k drop in price is not what I consider a major dip for a volatile asset like Bitcoin, however, any price below the ATH is still a good entry point for me. The problem with buying the dip is that at the point we are now, it is not clear if price will drop further or continue to uptrend that it has been on for weeks now. For those who buy the dip and hope to profit on the short term, they might enter and price drop further thereby putting them in a situation of anxiety and worry.

To be clear, even though I don't consider this recent drop as the dip, I still consider the price a good entry point because, to me, buying anywhere below the ATH is still perfect entry for me. I think my view also agree with the caption of the thread because every point at this moment is a dip, hence we can buy as much as we can at this moment.

I actually have been using the DCA method for some months now and so far, it has been a wonderful journey with my portfolio in net profit because majority of my holdings were bought below $30k.

[BABY SHOES]

Of course, sometimes we want to try to speak in terms of specific numbers, such as $100 per week or maybe $10 per week in order to give some level of concreteness to our discussions, and many normies are going to fit within a range in which they are able to afford somewhere between $10 and $100 per week, but if we really start to get into cash management, we might also need to get into discussing reasonable targets, and frequently it seems to me that something like 10% is a fairly reasonable starting point to discuss as a target for someone to save/invest... but of course, it is best that we establish that even the 10% is not going to end up jeopardize anyone on terms of their being able to make sure that they cover their ongoing monthly expenses, account for irregularities that they might have in their cashflow, and even the importance of maintaining some kind of an emergency fund, especially if they are going to end up getting aggressive with their investing/savings amount.

I think it is important that we talk about certain numbers in DCA accumulation, whether it is from small to large, say $100 per week, but this has become concrete where we can determine the level of our spending on Bitcoin and with high cash flow management for a month from the salary we get. .

My initial starting point is starting from a small percentage or you could say 10% for bitcoin spending which is still reasonable with that salary still a lot in hand because only 10% is spent on bitcoin, as time goes by the aggressive level must increase if we feel we can do it. If you manage your expenses every month and sort out what you need, this will save you a little, so 30% of your salary level is still reasonable -- let's say I'm now $50 per week plus the $40 signature campaign, that's almost $100 to be more precise ($90), This means that the level of accumulation is now greater, we can even afford $100 per week if we can utilize our skill situation in the forum and can even add to the accumulation of bitcoins every week.

The important thing is that we can control our monthly expenses, even with a level of 30% plus added from other sources added to BTC, this aggressive level will not empty the pockets of our monthly salary.

[Ryu_Ar1]

Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.

Talking about approach I believe the phrase "HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it.

Actually in something like this I still think differently from what hodl said what you can afford to lose because I don't hold back to lose even though maybe in this case the intention of some people is that when we hold back and invest we must also be prepared to lose because bitcoin is still at risk. But in my opinion, such a notion sounds like investing in bitcoin seems to be gambling because it assumes that when the worst happens then we will lose the investment we have but keep in mind that this is an investment and even if there is a worst case scenario where bitcoin has decreased we also do not lose anything (in the bitcoin investment we do) if we do not sell it even though in terms of value it may shrink but we will never lose as long as we do not let go. Therefore, I do not really agree with the phrase "hodl what you can afford to lose" because I hold not to lose but I invest and still hold bitcoin until now because I believe they will have better progress.
In addition, assumptions like this also contradict the strategy that I do because I am in bitcoin with good intentions and a strategy that until now I think is right so what am I preparing to lose even though the risk of crashing bitcoin is still there but that does not mean we lose the bitcoin we have.

[Furious 7]

There must be a good strategy in this case even though the goal may be very good to do but when the method only makes ourselves difficult in the end this can hinder the pace of DCA done.
$100 per week will indeed provide greater benefits because what we invest is very large but on the other hand it goes back to the initial problem of whether we can do it consistently for a long period of time? If in the end you can do that and with the support of the benefits you have from the salary you receive every month to be able to invest $100 / week and be able to cover other needs for daily life, it is indeed very good but if we have a modest income and investing $100 / week is draining your cash I don't think it's worth it even though your desire to get 1 btc is very good but in the end when impulsive methods like this are done, this will destroy your desire to get 1 btc because of your difficulty in managing your finances because you are too pushing yourself for the goals you want to achieve.
Keep in mind this is an investment for the long term so when you force from the start with a big start then when you have problems in the purchase made because it is too burdensome then this is precisely what becomes a problem so that the investment that is carried out does not go well.

Of course, sometimes we want to try to speak in terms of specific numbers, such as $100 per week or maybe $10 per week in order to give some level of concreteness to our discussions, and many normies are going to fit within a range in which they are able to afford somewhere between $10 and $100 per week, but if we really start to get into cash management, we might also need to get into discussing reasonable targets, and frequently it seems to me that something like 10% is a fairly reasonable starting point to discuss as a target for someone to save/invest... but of course, it is best that we establish that even the 10% is not going to end up jeopardize anyone on terms of their being able to make sure that they cover their ongoing monthly expenses, account for irregularities that they might have in their cashflow, and even the importance of maintaining some kind of an emergency fund, especially if they are going to end up getting aggressive with their investing/savings amount.

This is the point because after all we don't need to jeopardize ourselves and force to invest a large amount at the starting point because after all it is better to start little by little but there is no need to interfere and jeopardize other needs so that we can invest but not feel burdened by the additional expenses made especially this is also for the future (not for a week or 2 weeks) so we need to see whether our cash flow will be disrupted or not as an initial level in investing.
Indeed, in this case it is not prohibited if we want to do it with a bigger one but we must be aware of the risks that must be faced when trying to set something big from the start then it will be very difficult for us to catch up with what has happened especially if we are not in a good cash flow in terms of finance so that things like that actually make you comfortable and actually become a demand. so instead of that happening it would be better to do it at a point where we are still very comfortable and indeed 10 percent is a condition that could be ideal to do if you want to invest especially if DCA is the main choice of strategy carried out.

[Roseline492]

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

$1.7k drop in price is not what I consider a major dip for a volatile asset like Bitcoin, however, any price below the ATH is still a good entry point for me. The problem with buying the dip is that at the point we are now, it is not clear if price will drop further or continue to uptrend that it has been on for weeks now. For those who buy the dip and hope to profit on the short term, they might enter and price drop further thereby putting them in a situation of anxiety and worry.

Of course $1.7k fall of a Bitcoin price is never to be considered as a bearish market because irrespective of how potential Bitcoin is it can never move straight without the ranging or consolidating for a while on particular zone so perhaps most people feel if the Bitcoin price moves uptrend and later drops down a bit and consolidating means that Bitcoin is dipping, it doesn't work that way.

But however the price movement of Bitcoin is yet unknown because we don't know if the next moves is uptrend or downtrend but what is important right now is being able to be part of Bitcoin now is good because even if it drops it will not affect your investment because it must surely comes up and if it moves uptrend you are also at an advantage so let's keep accumulating.

[Ruttoshi]

The important thing is that we can control our monthly expenses, even with a level of 30% plus added from other sources added to BTC, this aggressive level will not empty the pockets of our monthly salary.

This depends on the individual and their monthly income and how they can manage their finance. If 30% is cool for you, it might not be cool for others because it is better that you are consistent with your bitcoin accumulation weekly or monthly rather than buying aggressively and stop along the way as beginners because the plan to move slow and steady without making decisions that will end up obstructing our bitcoin goal. I think the 10% is a good start for beginners and some beginners might nor even have up to 10%. Such people can start with 5%, as it is better to get started with the amount that you can avoid than to sit down and wait for no reason.

Another thing that you fail to understand is that one need to have funds in reserve and for emergency so that you don't end up going back to sell from your bitcoin when you are short of fiat. This is why I think that 30% is wat too aggressive. If I were you I might increase it to 15% or 20%, because you can only buy $50 worth of bitcoin weekly like you said. The signature campaign reward will not be consistent and they is no need to put ot as an added percentage because what happens when you don't have a signature campaign pay for one months. Just like what will happen this week, you will be kicked oit from your campaign due to shortage of funds to continue the campaign and all Full Members will be dropped. Do you know how long that you will stay without a signature campaign pay ? Only hope to buy with what you can afford weekly and if there is extra addition let it be a plus to your bitcoin portfolio.

Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.

Talking about approach I believe the phrase "HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it.

Actually in something like this I still think differently from what hodl said what you can afford to lose because I don't hold back to lose even though maybe in this case the intention of some people is that when we hold back and invest we must also be prepared to lose because bitcoin is still at risk. But in my opinion, such a notion sounds like investing in bitcoin seems to be gambling because it assumes that when the worst happens then we will lose the investment we have but keep in mind that this is an investment and even if there is a worst case scenario where bitcoin has decreased we also do not lose anything (in the bitcoin investment we do) if we do not sell it even though in terms of value it may shrink but we will never lose as long as we do not let go. Therefore, I do not really agree with the phrase "hodl what you can afford to lose" because I hold not to lose but I invest and still hold bitcoin until now because I believe they will have better progress.
In addition, assumptions like this also contradict the strategy that I do because I am in bitcoin with good intentions and a strategy that until now I think is right so what am I preparing to lose even though the risk of crashing bitcoin is still there but that does not mean we lose the bitcoin we have.

Agreed because no matter how high or how dip bitcoin price is 1btc = 1btc. So there is nothing to lose when you are in a long term investment, instead you will have a high chance of making profit.

[JayJuanGee]

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

In the whole scheme of things, there is not much of a difference between $35,500 and $37,200-ish.  It is not even quite 5%, and surely it might not be worth the risk to be fucking around with those kinds of waiting, especially if you are still low on BTC.

And surely ONLY a month ago we had bitcoin in the upper $26ks and the lower $27ks, so if you had been regularly stacking, then there should not have had been much cash build up in one month unless you might have had been unduly sitting on cash because you were overly waiting on dips lower than $25k or whatever reason that you might not have had been buying a month ago.

Another thing is that you have been a forum member for more than 6.5 years, so surely you might well have the luxury to be fucking around with waiting for dips if you have largely already been stacking for 6.5 years.  So even a relatively aggressive and consistent stacking of $100 per week since your forum registration date would have caused you to spend $35k, and you would have had stacked 4.3672 BTC (which would be nearly $159k.. which is more than 3.5x in profits).. .. and surely anyone who might have been stacking longer might be able to reach a stage in which they might set themselves up for various buying on the dips, but sometimes there still might be needs to continue to buy regularly, especially if you might still feel that you do not have enough BTC to be waiting for BTC price dips that may or may not end up happening.

Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.

Talking about approach I believe the phrase "HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it.

Actually in something like this I still think differently from what hodl said what you can afford to lose because I don't hold back to lose even though maybe in this case the intention of some people is that when we hold back and invest we must also be prepared to lose because bitcoin is still at risk. But in my opinion, such a notion sounds like investing in bitcoin seems to be gambling because it assumes that when the worst happens then we will lose the investment we have but keep in mind that this is an investment and even if there is a worst case scenario where bitcoin has decreased we also do not lose anything (in the bitcoin investment we do) if we do not sell it even though in terms of value it may shrink but we will never lose as long as we do not let go. Therefore, I do not really agree with the phrase "hodl what you can afford to lose" because I hold not to lose but I invest and still hold bitcoin until now because I believe they will have better progress.

You can believe whatever you like Ryu_Ar1, but to me, you sound somewhat mixed up, including that you don't seem to know the difference between gambling and investing and also the mere fact that you might be prepared to lose your whole investment (such as in bitcoin), that does not cause the BTC investment to become gambling merely because there is a possibility that BTC will go to zero.

If you choose to ignore the possibility that BTC could go to zero, then you are the one who may well be gambling because you are refusing to account for an actual fact that exists even in bitcoin and even if the odds of bitcoin going to zero or even close to zero (such as going back to $1k or less) might well be quite low.

So then the more important question becomes how to deal with the possibility that your investment could go down, and that has to do with investing techniques, and perhaps pulling some value out of your investment from time to time once your investment has reached a certain size, and if you don't employ leverage in bitcoin, then the most that you could lose is 100% of your investment, but the reason that bitcoin is considered such a great asymmetric bet to the upside is because there are still pretty decent arguments for it to go up more than 1,000x from here, even though it could take 100-200 years to accomplish such... but even the shorter time frames, 10-100x may well reasonably considered to be within the investment lifetimes of many of us forum members, including that it is possible even within 4-10 years to be getting BTC price appreciations of 10x to 100x, even though the higher end of the range may well take a bit longer than 10years maybe even 20 to 30 years, so it is not easy to even figure out both the possible upside scenarios and the timeline, but still we should not ONLY be considering upside scenarios, and so in some sense, we have to consider that at any point it is possible for whatever value amount is our BTC and do we want to keep our value in bitcoin because it may well go down from here rather than up, as we had anticipated.

In addition, assumptions like this also contradict the strategy that I do because I am in bitcoin with good intentions and a strategy that until now I think is right so what am I preparing to lose even though the risk of crashing bitcoin is still there but that does not mean we lose the bitcoin we have.

It does make a difference if your 1 BTC is worth $36k or $1k or less, no?  .. so is it going to make you feel good to have 1 BTC or even several BTC if your total holdings are more than 90% in the red and you cannot conceive any scenario to get the value up within the timeline that you might need the money... so then at that point, there may be a question about whether you truly are willing to ride your investment to zero and did you already get enough out of your investment or did you invest such an amount into bitcoin that you were prepared for possible scenarios that bitcoin prices might go down rather than up and you are not able to get anything out of your investment amounts because you were still not at the point of having had built up enough bitcoin that you had felt comfortable to extract any value from it..

and another thing is that if your BTC is not in profits, then it would likely not be a good idea to extract value from it, so any time that any of us wants to extract some value, it would be better that we have systems set up to only be extracting profits, and we should not be wanting to sell at a loss, and maybe anything at a loss we should be willing to ride it down to zero, especially if it never ends up returning to profits.. .

so then another question might be how much we are able to continue to invest into bitcoin if its prices were spiraling down and if it went below $1k would we still be wiling to buy bitcoin. .which will also likely partially depend upon the reasons why it might end up spiraling down in price rather than going up.. and if that might be temporary or a permanent downward spiral.

I don't claim that these are easy questions for any of us, because I surely have imagined situations in which I am continuing to buy on the way down and running out of money and the price keeps going down and I keep buying BTC with whatever I can muster up. .and it is not an easy situation to imagine at what point might any of us consider that we should not be buying anymore BTC because we have bought enough and if it is going to go back up, we just have to wait it out and if it does not, then we just ride it to zero, or near zero. 

Those dilemmas and contemplations of possible happenings in bitcoin do not sound like gambling to me, but instead those kinds of dilemmas/contemplations sound like attempting to grapple with scenarios in which a potential investment did not work out as expected, and surely something like that could happen to bitcoin, even though it seems less likely now than it did in late 2013 when I first got into bitcoin.

what is important right now is being able to be part of Bitcoin now is good because even if it drops it will not affect your investment because it must surely comes up and if it moves uptrend you are also at an advantage so let's keep accumulating.

What you are saying is not true.  The mere fact that bitcoin prices went down does not mean that they are going to come back up.  In fact it is possible that they never come back up, so you should not be putting yourself into thinking that it is inevitable that BTC prices are going up from here, or even from any point that you might buy a BTC price dip.

Sure, if you buy a dip, you have bought lower than what prices had previously been, but that mere fact does not guarantee that BTC prices are going to go back to the earlier higher price.

[aoluain]

So here we are today presented with the theme of the thread which I was holding out
for, a perfect "buy the dip" time. The market is $35500 down from ~$37200. This is
what I have been waiting for.

And if it dips further I'll buy again at a further discount. Some people will say there isnt
a whole pile of difference between the two in $1000 but if accumulation is the goal and DCA
practiced all the little savings add up to something worthwhile.

In the whole scheme of things, there is not much of a difference between $35,500 and $37,200-ish.  It is not even quite 5%, and surely it might not be worth the risk to be fucking around with those kinds of waiting, especially if you are still low on BTC.

And surely ONLY a month ago we had bitcoin in the upper $26ks and the lower $27ks, so if you had been regularly stacking, then there should not have had been much cash build up in one month unless you might have had been unduly sitting on cash because you were overly waiting on dips lower than $25k or whatever reason that you might not have had been buying a month ago.

Another thing is that you have been a forum member for more than 6.5 years, so surely you might well have the luxury to be fucking around with waiting for dips if you have largely already been stacking for 6.5 years.  So even a relatively aggressive and consistent stacking of $100 per week since your forum registration date would have caused you to spend $35k, and you would have had stacked 4.3672 BTC (which would be nearly $159k.. which is more than 3.5x in profits).. .. and surely anyone who might have been stacking longer might be able to reach a stage in which they might set themselves up for various buying on the dips, but sometimes there still might be needs to continue to buy regularly, especially if you might still feel that you do not have enough BTC to be waiting for BTC price dips that may or may not end up happening.

So as of now Bitcoins market price is back up to $37,518.

if I'm not mistaken we just experienced a "dip" and this thread if I'm not mistaken
is all about the "dip", I'm not going to read through the 204 pages to find out if a dip is
conditional or has to be over a certain percentage. This is a perfect example of what
the thread title is about.

"no, no its ok I dont want that 4.6% discount, I'll purchase at the higher price, thanks
all the same"
.

[Onyeeze]

The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing,  so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin,  sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin

[JayJuanGee]

[edited out]

So as of now Bitcoins market price is back up to $37,518.

if I'm not mistaken we just experienced a "dip" and this thread if I'm not mistaken
is all about the "dip", I'm not going to read through the 204 pages to find out if a dip is
conditional or has to be over a certain percentage. This is a perfect example of what
the thread title is about.

"no, no its ok I dont want that 4.6% discount, I'll purchase at the higher price, thanks
all the same"

Yes, you can rationalize your behavior all that you like, in order to make it seem that you were right about how you were playing this, even reflected in your posts that said that you were waiting for a dip in the lower $30ks... also especially when I was probably correct in my speculating that you had likely been holding onto too much cash during the two months (between mid-August and mid-October) that BTC prices were between the upper $24ks and then lower $27ks, and so now you are trying to act like you are playing your cards correctly merely because you happened to have caught a 4.6% dip and you likely would have been able to pick up more cornz between mid-August and mid-October when the BTC prices were between the upper $24ks and then lower $27ks...

You can read the ideas of this thread however you like..

We are likely talking about a variety of ideas within this thread including that some of the concepts of the thread of waiting for the dip might not be correct for those folks who are too busy waiting for dips rather than making sure that they are prepared for either price direction (psychologically and financially), and surely if you are too busy waiting for dips you might not be sufficiently and/or adequately prepared for UP.. and that is for you to decide those kinds of balances.

I doubt that any of us are not going to be able to judge those kinds of specifics in regards to other members... We do not have details about other members.. only about our own situations and maybe going by what other members are saying that they are doing or thinking about doing.

Each member has to figure out those kinds of balancing of when to buy and how much to buy matters for themselves, even if they might have had been sitting on too much cash and then buying BTC at higher prices (that technically happens to be a wee-widdo dip). 

By the way, I bought some on this dip too.. but it is hardly even really worth mentioning.. since I am more in a kind of maintenance stage rather than a BTC accumulation stage, since I had already been overly stocked in BTC since about 2015 or so.. depending on how matters might be measured..   

Since you have been registered on the forum for more than 6.5 years, it could be that you are in a similar stage of your BTC journey as me, but I have my doubts.. especially based on the way that you had been describing your wait for a dip and then you end up bragging about a mostly meaningless dip.. so hopefully you are more adequately prepared for UP now, just in case we might not get any more dips for a while.. not saying that I know, but I am saying that it is good to figure out systems in which you are prepared for either direction, even if you have some beliefs that it might go in one direction or another and you may or may not end up being correct.

[rachael9385]

The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing,  so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin,  sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin

I would like that say that there is no need to wait for Bitcoin to drop before buy the little we can, because we don't really have in mind when Bitcoin will skyrocket above what we are expecting, I do believe that with the help of the DCA method 1 Bitcoin is still equal to 1 Bitcoin, so why wait?
Buying every dip is good, this few weeks Bitcoin has been above $34k and it's going up, so am just trying to say accumulating and holding ate the best options to take.
I do agree that every time is perfect to purchase Bitcoin both during the bullish season is perfect to click on the buy button, those who have the mind to manage risk can buy at the bull season.

[JayJuanGee]

The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing,  so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin,  sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin

I am not sure if bitcoin price dynamics can exactly be boiled down in the ways that you are attempting to describe because sometimes there is both retail purchasing and there can also be manipulation, and sometimes we can start to develop false senses that the BTC price is going to continue to go up (forever or whatever without a correction), and then all of a sudden, we end up getting a 30% correction.. so it is not necessarily easy to tell which way the BTC price is going to go in the short-term even though sometimes we can end up getting a bit elated about the fact that the BTC price keeps going up, causing our wealth to increase if we already have bitcoin, and also causing pain for the bitcoin naysayers, the bears, the shorters, the no coiners, the low coiners, the fence-sitters, the shitcoin pumpeners and perhaps a few other categories that I am leaving out... we cannot always determine when the UPPity is going to stop.. and sure it could stop right now, it could wait until $40k-ish, it could wait until somewhere between $50-$55k or maybe it could even go higher before it meaningfully corrects.. but at the same time, I have some difficulties imagining that we would not have resistance at some point before $55k, but I am not going to hold my breath in either direction..   If you look at a chart from early to mid 2019, you will see that we had 3.5x in 3months, and I doubt that the current market is any weaker than that market, even if a 3.5x in 3 months might have less than a 15% chance of happening, even if we use $27.5k from a few weeks ago as our tentative starting point.

[Samlucky O]

The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing,  so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin,  sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin

I am not sure if bitcoin price dynamics can exactly be boiled down in the ways that you are attempting to describe because sometimes there is both retail purchasing and there can also be manipulation, and sometimes we can start to develop false senses that the BTC price is going to continue to go up (forever or whatever without a correction), and then all of a sudden, we end up getting a 30% correction.. so it is not necessarily easy to tell which way the BTC price is going to go in the short-term even though sometimes we can end up getting a bit elated about the fact that the BTC price keeps going up, causing our wealth to increase if we already have bitcoin, and also causing pain for the bitcoin naysayers, the bears, the shorters, the no coiners, the low coiners, the fence-sitters, the shitcoin pumpeners and perhaps a few other categories that I am leaving out... we cannot always determine when the UPPity is going to stop.. and sure it could stop right now, it could wait until $40k-ish, it could wait until somewhere between $50-$55k or maybe it could even go higher before it meaningfully corrects.. but at the same time, I have some difficulties imagining that we would not have resistance at some point before $55k, but I am not going to hold my breath in either direction..   If you look at a chart from early to mid 2019, you will see that we had 3.5x in 3months, and I doubt that the current market is any weaker than that market, even if a 3.5x in 3 months might have less than a 15% chance of happening, even if we use $27.5k from a few weeks ago as our tentative starting point.

It's unfortunate that people have started loosing hope on bitcoin price. Whether will soar higher or lower. I don't doubt anybody judgment on bitcoin. Thought is as a result of absumption but it could be true anyway because bitcoin is unpredictable. But in my own understanding I think bitcoin has all the necessary criteria or has the capability to continue soaring higher. Market capitalization of about $1.2trilion market dominance of about %50 or above. and the more people buy and hold, the more they create scacity of bitcoin. making it to become more expensive. With this little explanation I think bitcoin has the potential to grow as predicted.

Not In any way referring to you @jjg but @onyeze

[Onyeeze]

The more we waiting for the time bitcoin will fall and we buy to hold the more bitcoin price is increasing,  so bitcoin price have it way and I understand that the price of bitcoin should not make someone who wants to invest in bitcoin not to invest in bitcoin because the more bitcoin rise up the more people who wants to invest lose courage to invest in bitcoin,  sometimes I began to think if bitcoin price will continue to be increasing because if bitcoin increased now its people who invested in it before now will be beneficiary to it, let me summarise this, their is no time you invest in bitcoin that's not a perfect time but some of the investors don't know like that, both dip and when bitcoin increased is also a perfect to invest in bitcoin

I am not sure if bitcoin price dynamics can exactly be boiled down in the ways that you are attempting to describe because sometimes there is both retail purchasing and there can also be manipulation, and sometimes we can start to develop false senses that the BTC price is going to continue to go up (forever or whatever without a correction), and then all of a sudden, we end up getting a 30% correction.. so it is not necessarily easy to tell which way the BTC price is going to go in the short-term even though sometimes we can end up getting a bit elated about the fact that the BTC price keeps going up, causing our wealth to increase if we already have bitcoin, and also causing pain for the bitcoin naysayers, the bears, the shorters, the no coiners, the low coiners, the fence-sitters, the shitcoin pumpeners and perhaps a few other categories that I am leaving out... we cannot always determine when the UPPity is going to stop.. and sure it could stop right now, it could wait until $40k-ish, it could wait until somewhere between $50-$55k or maybe it could even go higher before it meaningfully corrects.. but at the same time, I have some difficulties imagining that we would not have resistance at some point before $55k, but I am not going to hold my breath in either direction..   If you look at a chart from early to mid 2019, you will see that we had 3.5x in 3months, and I doubt that the current market is any weaker than that market, even if a 3.5x in 3 months might have less than a 15% chance of happening, even if we use $27.5k from a few weeks ago as our tentative starting point.

When you said we will have a resistance before bitcoin price reaching 55k that one is quite sure because nobody predicts the future of bitcoin and we are not fully sure that as the price is increasing and so shall it be, its inappropriate and improper to say so, because the values of bitcoin can not constant it either goes up and down at every minute bitcoin is changing in digits,  so that's why I said we should not wait until bitcoin fall drastically before we think of buying to hold so that we can make a  profit why we can be waiting and the price continues to cling going up, so the bearish time is best time to buy and hold and bullish is also best time to buy and hold bitcoin,  sometimes when bitcoin experience increase in the market it take it time to retrace, it like the value of bitcoin in 2010 and values of bitcoin 2023 its not same, so the values changes.