CageMabok
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July 04, 2024, 09:55:32 AM |
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Some weeks ago when I visited this thread it was named buy bitcoin and hodl but now it's back to buy the dips and hodl, what exactly is going on?
is there a confusion on what to consider the thread. I certainly prefer buy the dips and hodl.
It's just a change in the title which can be said to not have a big impact on the discussion, but if you are someone who prefers buying on Dip and Hodl, of course you can visit this thread every time you enter this forum. Because now I see that Bitcoin is experiencing a price decline that is slightly worse than previous months, so you can prepare yourself to buy on the Dip and hold it until you find a more appropriate time when you want to release it again into the market. Because I was also preparing myself to be able to buy on the Dip again when I saw the price drop today.
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KeenanEl19
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July 04, 2024, 10:20:09 AM |
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Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.
To be honest, using the DCA strategy doesn't guarantee that it will be successful with certainty, because of course that's not all in investing, there are still other things that must be taken into account, not just strategy alone. Now if we implement the DCA strategy but there are other problems that occur suddenly that can affect what is being carried out. People who invest using the DCA strategy may be keeping their finances stable, because they cannot afford to invest large amounts at once and they are using the DCA strategy, but of course they also have to pay attention to other things that should not be ignored because they need to be remembered. Whatever strategy we use does not guarantee that it will definitely make us successful. If something happens along the way, it can affect us even though we try to avoid it, but no one knows when the bad luck will come.
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Mayor of ogba
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July 04, 2024, 10:34:12 AM |
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Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.
Success can be achieved in any bitcoin-accumulating strategy, and not only in the DCA strategy. Every investor just needs to make the right plan when accumulating bitcoin to achieve success in bitcoin investment. The reason why the DCA strategy is mostly used to accumulate bitcoin rather than a lump sum buy is because the DCA strategy allows investors who don't have a good income source to buy the dip to accumulate bitcoin during the dip, and it also controls their emotions. Even though they buy bitcoin at a high price, they are not worried because they know if the price drops, they will still accumulate bitcoin, which will be an added advantage for them. From what bitcoin has achieved this year, there's a big possibility that its price will reach six digits. Next year, so many people will regret not starting to accumulate bitcoin this year because of how expensive it will become. After we have accumulated the quantity of bitcoin we want, success can be guaranteed by how long we hold our bitcoin investment because the bitcoin price will not remain like this; it will keep on increasing.
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JiiBs
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July 04, 2024, 01:02:37 PM |
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Some weeks ago when I visited this thread it was named buy bitcoin and hodl but now it's back to buy the dips and hodl, what exactly is going on?
is there a confusion on what to consider the thread. I certainly prefer buy the dips and hodl.
It's just a change in the title which can be said to not have a big impact on the discussion, but if you are someone who prefers buying on Dip and Hodl, of course you can visit this thread every time you enter this forum. Because now I see that Bitcoin is experiencing a price decline that is slightly worse than previous months, so you can prepare yourself to buy on the Dip and hold it until you find a more appropriate time when you want to release it again into the market. Because I was also preparing myself to be able to buy on the Dip again when I saw the price drop today. A change in the title doesn’t affect the discussion alright but, it could be miss leading as a few users including myself often looks for this thread in order to keep up with the discussion as close as we could and participate just as much and should it come by a different title, having to find an adjust would pose a different challenge. I was greatly surprised on the direction Bitcoin took as at yesterday and even more so today when I looked at the charts. Just on Tuesday, it showed a bullish formation on the rise and as at today, it’s dipped even below $58k and now at $67k. This kind of breaks the hearts of those whom might have been expecting a price appreciation, waiting to take profit but, For someone who have got a long term plan on investment and looking to buy, the red candles is a go green. I think this calls for a rethink for short term investors to look towards a more distant long term plan and pitch their tent.
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avp2306
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July 04, 2024, 01:11:02 PM |
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Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.
To be honest, using the DCA strategy doesn't guarantee that it will be successful with certainty, because of course that's not all in investing, there are still other things that must be taken into account, not just strategy alone. Now if we implement the DCA strategy but there are other problems that occur suddenly that can affect what is being carried out. People who invest using the DCA strategy may be keeping their finances stable, because they cannot afford to invest large amounts at once and they are using the DCA strategy, but of course they also have to pay attention to other things that should not be ignored because they need to be remembered. Whatever strategy we use does not guarantee that it will definitely make us successful. If something happens along the way, it can affect us even though we try to avoid it, but no one knows when the bad luck will come. It maybe doesn't give any guarantee result to other people but at least they have a program to follow which can help their accumulation process to come smooth. Also the problem is not on the strategy but rather to the person who do it. Since if they understand how everything works with the method they are using and they are well prepared financially then anything bad movements to the market will not scare them. But if they easily got panic on the situation especially right now when they see the dump then sold their bitcoins then we maybe can say that they failed for using that strategy because they either doesn't understand what they are doing very well or they are out of budget then got afraid to lose more money because they can't afford to see more dump to happen since it will affect their overall funds. If they enter this type of investment they should be prepared and have stable income source since this would settle everything and they would hold bitcoin for long years without getting any fear about market volatility.
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Rabata
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July 04, 2024, 01:33:49 PM |
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That's why young people who are still single should set their priorities right before getting married. They should attain certain level of financial stability before getting married. If you allow yourself to be forced into marriage without adequate planning, you might be forced to sell off your bitcoin holding which you bought as a young and single person.
Yes, if a person plans to hold bitcoins or starting DCA during the time he is single, he can definitely benefit in the long run. Every person should make a prior plan to manage their life, especially from the financial point of view. One can accumulate as much bitcoins while being single but that may be difficult when one is married. Moreover, those who want to be economically successful should focus on their financial side according to prior planning. I think singles or those who focus on bitcoin savings before marriage can be financially independent in the long run. Although Bitcoin does not guarantee profits but in the long run Bitcoin holders never lose.
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Marvelockg
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July 04, 2024, 01:48:52 PM |
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Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.
To be honest, using the DCA strategy doesn't guarantee that it will be successful with certainty, because of course that's not all in investing, there are still other things that must be taken into account, not just strategy alone. Now if we implement the DCA strategy but there are other problems that occur suddenly that can affect what is being carried out. People who invest using the DCA strategy may be keeping their finances stable, because they cannot afford to invest large amounts at once and they are using the DCA strategy, but of course they also have to pay attention to other things that should not be ignored because they need to be remembered. Whatever strategy we use does not guarantee that it will definitely make us successful. If something happens along the way, it can affect us even though we try to avoid it, but no one knows when the bad luck will come. while @Hallroom's opinion that it's only those that buy Bitcoin during the DIP that will eventually become successful is totally wrong, it does appear that you're mixing a whole lot of things up while you're attempting to refute his claim. Note that investing using the DCA method doesn't mean that if you have the means and ability to DCA with a huge amount that you shouldn't. As a matter of perspective, MR Jame can decide to do his DCA with $40k per month and might have what it takes to DCA consecutively up to 4 years nonstop while Mr Jack might look at buying $40k worth of Bitcoin as a lump purchase and for others, the same $40k might be thier accumilation goal they expect to archive for a timeframe of 4 years. What I'm saying in essence is that, regardless of the strategy you choose to adopt while you're buying your Bitcoin, you will certainly meet some level of limitations and resistance and iether you buy using the DCA methord or buy during the DIP or combine the two strategies or even have your own strategies, you're certainly going to meet some level of Resistance and like you're enviseeing something happening along the way, it's something that can happen with any strategy you choose to work with. The fact that some uncertainties might come up along the way is the main reason why you've got to make good plans for your emergency funds such that regardless of the methord of accumilating Bitcoin that works well with your case, you can easily sort out those issues with your set out emergency funds and continue your accumilation journey. The reason why the DCA methord is preferred by most people as the surest methord that yields succes for majority of people including those that are still new to the investment system is because buying your Bitcoin with the DCA methord will give you ease and comfort and will allow you to buy your Bitcoin at your own pace without going too aggressive or being too concerned about the price of Bitcoin. It also allows you to buy Bitcoin at your regular DCA time while ceasing certain DIPs to add up to your DCA. In the end, regardless of the complications that's associated with all the methods of accumilating Bitcoin, it's just best to find which method works well for you and stick with it while keeping your emergency funds and the source of your income intact.
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wmaurik
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July 04, 2024, 01:57:19 PM |
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Yes, if a person plans to hold bitcoins or starting DCA during the time he is single, he can definitely benefit in the long run. Every person should make a prior plan to manage their life, especially from the financial point of view. One can accumulate as much bitcoins while being single but that may be difficult when one is married. Moreover, those who want to be economically successful should focus on their financial side according to prior planning. I think singles or those who focus on bitcoin savings before marriage can be financially independent in the long run. Although Bitcoin does not guarantee profits but in the long run Bitcoin holders never lose.
Long-term Bitcoin holders never lose as long as they don't release Bitcoin at the wrong time or are patient enough when they see price drops in the market. Because if we look at a more distant time, of course there are still profits that can be taken by Bitcoin holders whose duration is not just one or two years. However, to hold Bitcoin more consistently and buy it gradually every month, of course this will not work the same for married people and unmarried people, especially if the person is a woman who already has children. This means that a married person will always be hampered by larger monthly expenses because he has to support his own family with the income he earns. So even if he can buy Bitcoin by setting aside a little money, it won't be easy enough for him and sometimes the amount won't be that much. Because those who are not married will find it much easier to plan their own decisions when they want to buy Bitcoin with a much larger amount of allocated funds because they only think about small expenses for themselves.
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WhoYouCantKill
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July 04, 2024, 02:11:06 PM |
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Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
I completely agree many people invest in Bitcoin with intention of holding onto it for long term but mostly they are forced to sell due to financial constraints or lack of proper planning. It is really important to have a solid investment plan and s table source of income before investing in Bitcoin. Setting specific goal and sticking to it is very important so we do not end up selling our investment prematurely. It is important to be realistic about our financial situation and only invest what we can afford to hold onto for long term. By doing this we can avoid pressure of selling during market fluctuations and achieve our investment goals. But do we need to have a stable income before investing in bitcoin? I think as long as we have the income and flexibility to handle life's incidents, we can invest in bitcoin. Because not everyone can have a high-paying job or stable income. In addition, our purpose of investing in bitcoin is because we want a better, more stable life, and if we are stable, do we still need bitcoin? Therefore, if we have to wait until we have a stable income to start investing in bitcoin, it may be too late or we will never invest in bitcoin. I agree with what everyone says, we need to plan carefully and use cold money so that our investments are not interrupted, but I wouldn't wait until I have a stable income to start invest. In addition, the future is unpredictable and sometimes major incidents happen beyond our imagination so just planning is not enough, we need to be more flexible to deal with it if a big bad thing happens. I agree with you CryptoBuds that you do not need stable income to invest into bitcoin, but you do need discretionary income, which means that your income exceeds your expenses.. whether you get your income from work or from investments, savings and/or assets. Sure, you could have periods in which your income does not exceed your expenses, and so that might be your various kinds of excess funds that you have or investments or savings.. but in the end, if you do not have discretionary income, you would not be able to invest because you would be gambling with money that you need.. If someone has a lot of savings, investments and/or assets, those can be used as income sources, but if you don't have other income sources, then those savings, investments and assets need to be able to generate a form of discretionary income that covers your expenses... .. and yeah there could be some exceptions in the short term, but in the long term by definition to invest you need discretionary income otherwise you are gambling, and frequently many of us who are familiar with bitcoin will suggest a 4-10 year or longer timeline in order for the investment to count as investing rather than trading or gambling... which people can do what they like, yet bitcoin seems to be amongst the best if not the best of investments, so it would seem a bit odd to either trade it or gamble with it unless you were limiting the amount of your bitcoin holdings that you would use for such trading/gambling purposes, such as less than 10%. or some other amount you have deemed to be reasonable based on your various financial and psychological circumstances. You have raised quite relevant concerns regarding investments, especially with regard to Bitcoin. In fact, the qualitative analysis shows that attaining and maintaining financial buffer as well as having discretionary income is critical for sustainable investing. Without the latter one, a person might be gambling or trading where the stakes are higher. The differences between investing, trading and gambling are very important. Investing is generally a process of buy and hold strategy (4-10 years or more) is given to the assets so that they can grow and endure market volatility. On the other hand, trading as well as gambling are characterized by smaller time horizons and greater volatility. You’ve proposed to use not more than 10% of Bitcoin amount or budget for trading/gambling, which is very good. This approach enables people to combine a portfolio with the right amount of aggression if this is what he/she wants. For a Bitcoin to be accepted as an appreciable investment avenue, one cannot deny that there exist markers that depict it as a worthy investment requirement which once invested, an investor can afford to wait long-term to gain large returns. Your focus on budgeting, systematic risks, and wise investment strategies is very pertinent for anyone who wants to start investing, especially in the unpredictable investment opportunities like the Bitcoins.
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Zackz5000
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July 04, 2024, 02:34:40 PM Last edit: July 04, 2024, 02:45:02 PM by Zackz5000 |
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-cut- Patience is very important in investing in Bitcoin. Many times it is seen that many big investors lose patience, so if we can invest without losing patience, surely we can change our fortune through this investment. This bitcoin investment has changed many people's fortunes so if we can invest bitcoins properly then surely our fortunes can change.
Patience is the key in investing in bitcoin and beginners who want to get profit from bitcoin need to be patient in their investment. There are many examples of how investors who are patient in their investment get high profit after several years of holding bitcoin in their wallet, and this can be an example for beginners so that they can follow how these people can be patient and consistent in their investment and get profit from it. Even when the market is bearish, if they are patient and able to see how bitcoin will be worth in the future, then they will not be affected and rush to sell the bitcoin they hold, instead they prefer to accumulate or DCA to get more bitcoin in their hands, because they understand that patient and not selling is the right thing to do at that time. Many times it is seen that many big investors also lose patience so we should not lose patience if we can hold bitcoin with long-term planning without losing disaster, surely we can achieve a lot of success through this bitcoin investment. Many times we are in a hurry to invest in bitcoin so if we check the market without rushing and check the market and invest at the right time then we can change our life with this investment. Bitcoin investment has changed the fortune of many people so we should not be careless in Bitcoin investment we should always join our mind in Bitcoin investment so that we can get enough profit from this investment. There are many investors who invest too hastily without knowing about bitcoin market and they end up losing more than profit so I would say to them before investing in bitcoin you must gain enough knowledge about bitcoin market then you have to invest. Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible. There is no strategy you will adopt when accumulating Bitcoin without been successful only if you keep on accumulating more Bitcoin and hodl for a longer period of time, you can adopt the DCA strategy without hodling your Bitcoin for long and still become unsuccessful. What matters here is how much quantity of Bitcoin you were able to accumulate and hodl for longer period of time between the range if 4-10 years and above you can be successful in an method you wish to accumulate Bitcoin with be it lump sum strategy or buy the dip strategy or DCA strategy what mater is how much Bitcoin and how long you were able to hodl onto with besides always waiting for the dip before accumulating Bitcoin is not a good strategy of accumulating Bitcoin.
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Wind_FURY (OP)
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July 04, 2024, 02:38:24 PM Merited by JayJuanGee (1) |
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Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake. investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses. That's what actually happened with many older plebs, because their life-conditions prompted them to sell their Bitcoin on times when they need money. I wouldn't even blame the older plebs/early investors for behaving that way, then knowledge wasn't this much. They didn't have access to the kind of information and materials we have now. It was more like a gamble to them back then. Lots of them were in doubt about the ability of bitcoin to actually rise above certain amount, that's why when they ran into financial difficulties and emergencies, their first thoughts were to sell bitcoin, because what you placed less value in is what you will think of to sell. Of all your belongings, why didn't they think of selling other things. It clearly shows the value level. Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL. Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?
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Zackz5000
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July 04, 2024, 03:01:10 PM Last edit: July 04, 2024, 03:12:56 PM by Zackz5000 |
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Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake. investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses. That's what actually happened with many older plebs, because their life-conditions prompted them to sell their Bitcoin on times when they need money. I wouldn't even blame the older plebs/early investors for behaving that way, then knowledge wasn't this much. They didn't have access to the kind of information and materials we have now. It was more like a gamble to them back then. Lots of them were in doubt about the ability of bitcoin to actually rise above certain amount, that's why when they ran into financial difficulties and emergencies, their first thoughts were to sell bitcoin, because what you placed less value in is what you will think of to sell. Of all your belongings, why didn't they think of selling other things. It clearly shows the value level. Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL. Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?Yes at the moment those that wait for the dip before accumulating Bitcoin is exited now because Bitcoin is at the dip but I don't see such method as a good one because Bitcoin is a volatile asset it simple means that they won't buy Bitcoin when the price is high which will make them not to have enough Bitcoin in their stack because they always wait for the dip before accumulating Bitcoin. For those using the DCA strategy they are in a better advantage because the method helps them accumulate more Bitcoin in different price level either weekly or monthly and I believe that now that Bitcoin is at dip they are very much excited because they are accumulating Bitcoin at low price with the mindset of hodling for long.
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Reincarnated Sat
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July 04, 2024, 03:40:31 PM |
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Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake. investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses. That's what actually happened with many older plebs, because their life-conditions prompted them to sell their Bitcoin on times when they need money. I wouldn't even blame the older plebs/early investors for behaving that way, then knowledge wasn't this much. They didn't have access to the kind of information and materials we have now. It was more like a gamble to them back then. Lots of them were in doubt about the ability of bitcoin to actually rise above certain amount, that's why when they ran into financial difficulties and emergencies, their first thoughts were to sell bitcoin, because what you placed less value in is what you will think of to sell. Of all your belongings, why didn't they think of selling other things. It clearly shows the value level. Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL. Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?Yes at the moment those that wait for the dip before accumulating Bitcoin is exited now because Bitcoin is at the dip but I don't see such method as a good one because Bitcoin is a volatile asset it simple means that they won't buy Bitcoin when the price is high which will make them not to have enough Bitcoin in their stack because they always wait for the dip before accumulating Bitcoin. For those using the DCA strategy they are in a better advantage because the method helps them accumulate more Bitcoin in different price level either weekly or monthly and I believe that now that Bitcoin is at dip they are very much excited because they are accumulating Bitcoin at low price with the mindset of hodling for long. You are very correct, i started this join of Bitcoin accumulation with my friend and he has been waiting for a dip to happen why I was busy accumulating using the DCA strategy, he called me this morning telling me about the dip and he will start accumulating now and I told him this his strategy will lead to him not accumulating much. Waiting for a dip is not right what if there's no dip or if it takes long for a dip to happen, the only way I will encourage waiting for a dip is when you want to use the opportunity to do a lump sum apart from that waiting for a dip is not advisable. This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked.
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Aanuoluwatofunmi
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July 04, 2024, 04:44:56 PM |
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We should never forget about one thing concerning bitcoin being a volatile currency, it may appear bearish today and that doesn't depict we are in the dip as what we have to first consider is the season for the market and not about the move on the market price volatility, because you could realized another new thing from what we started the day with by seeing the market rising and pumping fast after the said bear, bitcoin is so interesting in such a way that we cant predict it or the way of its moves sometimes, not even by our speculations or the experience we have from reading the market chart performance that determines the state of it equilibrium with price, this is mostly on the influence of its demand and supply.
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Justbillywitt
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July 04, 2024, 04:57:52 PM |
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Some weeks ago when I visited this thread it was named buy bitcoin and hodl but now it's back to buy the dips and hodl, what exactly is going on?
is there a confusion on what to consider the thread. I certainly prefer buy the dips and hodl.
It's just a change in the title which can be said to not have a big impact on the discussion, but if you are someone who prefers buying on Dip and Hodl, of course you can visit this thread every time you enter this forum. Because now I see that Bitcoin is experiencing a price decline that is slightly worse than previous months, so you can prepare yourself to buy on the Dip and hold it until you find a more appropriate time when you want to release it again into the market. Because I was also preparing myself to be able to buy on the Dip again when I saw the price drop today. A change in the title doesn’t affect the discussion alright but, it could be miss leading as a few users including myself often looks for this thread in order to keep up with the discussion as close as we could and participate just as much and should it come by a different title, having to find an adjust would pose a different challenge. I was greatly surprised on the direction Bitcoin took as at yesterday and even more so today when I looked at the charts. Just on Tuesday, it showed a bullish formation on the rise and as at today, it’s dipped even below $58k and now at $67k. This kind of breaks the hearts of those whom might have been expecting a price appreciation, waiting to take profit but, For someone who have got a long term plan on investment and looking to buy, the red candles is a go green. I think this calls for a rethink for short term investors to look towards a more distant long term plan and pitch their tent. I don't think anyone who has been a dedicated follower of this thread is actually concerned about the bearish market condition. Infact it is a perfect time to execute one of the buying strategies that's often discussed in this thread. Looks at the name of this thread and relate it to the current market condition and you will understand that we have been equipped for moment like this. We don't care about those people that their heart is broken right now, according to what you said above. It is not our problem. We shouldn't focus more on other people's problem. Our major concern should be making the most out of this opportunity that present itself, because opportunities like this don't come very often.
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Sim_card
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 04, 2024, 06:02:33 PM Merited by JayJuanGee (1) |
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Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake. investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses. That's what actually happened with many older plebs, because their life-conditions prompted them to sell their Bitcoin on times when they need money. I wouldn't even blame the older plebs/early investors for behaving that way, then knowledge wasn't this much. They didn't have access to the kind of information and materials we have now. It was more like a gamble to them back then. Lots of them were in doubt about the ability of bitcoin to actually rise above certain amount, that's why when they ran into financial difficulties and emergencies, their first thoughts were to sell bitcoin, because what you placed less value in is what you will think of to sell. Of all your belongings, why didn't they think of selling other things. It clearly shows the value level. Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL. Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?Yes at the moment those that wait for the dip before accumulating Bitcoin is exited now because Bitcoin is at the dip but I don't see such method as a good one because Bitcoin is a volatile asset it simple means that they won't buy Bitcoin when the price is high which will make them not to have enough Bitcoin in their stack because they always wait for the dip before accumulating Bitcoin. For those using the DCA strategy they are in a better advantage because the method helps them accumulate more Bitcoin in different price level either weekly or monthly and I believe that now that Bitcoin is at dip they are very much excited because they are accumulating Bitcoin at low price with the mindset of hodling for long. You are very correct, i started this join of Bitcoin accumulation with my friend and he has been waiting for a dip to happen why I was busy accumulating using the DCA strategy, he called me this morning telling me about the dip and he will start accumulating now and I told him this his strategy will lead to him not accumulating much. Waiting for a dip is not right what if there's no dip or if it takes long for a dip to happen, the only way I will encourage waiting for a dip is when you want to use the opportunity to do a lump sum apart from that waiting for a dip is not advisable. This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked. There should be no reason to encourage waiting for the dip even if you want to lump sum because what if the dip did not come in a long period of time. You will keep you funds in fiat instead starting your Bitcoin investment journey with regular DCA method and start building it gradually. Someone that starts right away with DCA method already have a bitcoin investment even though it is little, amd he is better of than who has a big amount of money in fiat waiting for the dip to buy with all his money. Some financial challenges might arise that he will be forced to used part of the money to solve. Buying at the dip is good if you are lucky to have an unexpected funds from somewhere and you buy right away with the money and you are still on your regular DCA without stopping. A new beginner should not stress himself that much to start planning for the dip because it might slow down his accumulation process. New beginners should only focus more on how they can continue using DCA method to accumulate bitcoin persistent and consistent in order for them to reach their goal faster. If the dip comes, you will benefit from it because you are always buying. Bitcoin price has dip but I am still doing my normal DCA buying and I am also benefiting from the dip. DCA method is a win win method.
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SOKO-DEKE
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July 04, 2024, 06:36:31 PM Merited by JayJuanGee (1) |
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This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked.
Many people who seek to buy Bitcoin at a dip are typically short-term investors. They constantly look for opportunities to purchase Bitcoin at a lower price and sell when its price rises slightly. This strategy is their primary method for making a profit. However, the reality is that these individuals often struggle in the market because the price of Bitcoin may not drop as they expect. Even when they manage to buy Bitcoin at what they believe to be a low price, the price might not increase as they hope. As a result, it can take a significant amount of time for their plan to work out, and even then, the profits may not be substantial. For those who are prepared to hold their Bitcoin investment over a long-term period, it is highly advisable not to wait for a price dip. The Bitcoin market is notoriously difficult to predict, and someone might keep waiting for a price drop that never occurs. Instead of waiting for the perfect dip, a better strategy for accumulating Bitcoin is to buy whenever you have available funds. Another effective method is to use the Dollar Cost Averaging (DCA) strategy, where you invest a fixed amount of money into Bitcoin on a regular schedule, such as monthly or weekly. This approach helps mitigate the risks associated with trying to time the market and allows for consistent accumulation over time.
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Felicity_Tide
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July 04, 2024, 08:58:02 PM |
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Many people who seek to buy Bitcoin at a dip are typically short-term investors. They constantly look for opportunities to purchase Bitcoin at a lower price and sell when its price rises slightly. This strategy is their primary method for making a profit.
Since their aim is to buy the dip, and sell when the price is slightly above the buying price, shouldn't we call such individual a trader?, rather than a short-term investor?. Because from own point of view, a short term investor might decide to buy the dip, or even make use of the DCA approach, but won't do the investment for long, as he/she might want to capitalize on a very good opportunity such as a price that is convincing enough to take profits. While a trader on the other hand might just want to capitalize on every slight price increase, just as you've mentioned. However, the reality is that these individuals often struggle in the market because the price of Bitcoin may not drop as they expect. Even when they manage to buy Bitcoin at what they believe to be a low price, the price might not increase as they hope. As a result, it can take a significant amount of time for their plan to work out, and even then, the profits may not be substantial.
This is just the major problem, Time wasting. Having the mindset to buy the dip is clearly a way of wasting time, as most people hopes that the value of the dollar doesn't depreciate, but the image below is an example that says otherwise. It is advisable to buy Bitcoin the moment you have the funds. Though buying the dip is very profitable, but we must understand that it is time wasting as the dollar value does not appreciate much, but rather go the opposite way.
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████████████████████ BitList ████████████████████ Real-Time Data Tracking Curated by The Community │││││││││││││ List #kycfree Websites │││││││││││││
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Taskford
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July 04, 2024, 10:45:47 PM Last edit: July 05, 2024, 10:02:47 PM by Taskford Merited by JayJuanGee (1) |
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This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked.
Many people who seek to buy Bitcoin at a dip are typically short-term investors. They constantly look for opportunities to purchase Bitcoin at a lower price and sell when its price rises slightly. This strategy is their primary method for making a profit. However, the reality is that these individuals often struggle in the market because the price of Bitcoin may not drop as they expect. Even when they manage to buy Bitcoin at what they believe to be a low price, the price might not increase as they hope. As a result, it can take a significant amount of time for their plan to work out, and even then, the profits may not be substantial. For those who are prepared to hold their Bitcoin investment over a long-term period, it is highly advisable not to wait for a price dip. The Bitcoin market is notoriously difficult to predict, and someone might keep waiting for a price drop that never occurs. Instead of waiting for the perfect dip, a better strategy for accumulating Bitcoin is to buy whenever you have available funds. Another effective method is to use the Dollar Cost Averaging (DCA) strategy, where you invest a fixed amount of money into Bitcoin on a regular schedule, such as monthly or weekly. This approach helps mitigate the risks associated with trying to time the market and allows for consistent accumulation over time. Which is not actually advisable to do if they are going to invest on bitcoin, since instead of finding opportunities on bitcoin by doing short term they might encounter a stressful situation in it. We can make this current fall of bitcoin as basis where it dumps at $57k which that situation give a massive scare for those people who do short term. If those investors will just think about long term and put in their minds that short term will never be their option for sure that they will never get bothered for any dumps and they provably just shove off those negative sentiments of people then continue those usual things what they do since they have already a target set on their minds. Also instead of waiting for perfect dip which I think doesn't exist maybe they should continue to execute their DCA strat since for sure they can get more better from it rather than trying their luck to earn on questionable conditions.
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Stablexcoin
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We should never forget about one thing concerning bitcoin being a volatile currency, it may appear bearish today and that doesn't depict we are in the dip as what we have to first consider is the season for the market and not about the move on the market price volatility, because you could realized another new thing from what we started the day with by seeing the market rising and pumping fast after the said bear, bitcoin is so interesting in such a way that we cant predict it or the way of its moves sometimes, not even by our speculations or the experience we have from reading the market chart performance that determines the state of it equilibrium with price, this is mostly on the influence of its demand and supply.
A good investor will consider what he has acquired so far in his portfolio rather than considering whether we are in the dip. Time is a dangerous factor that affects investment yet people do not know. The more we keep procrastinating, timing the market respecting the dip to come, or looking for the best time to buy. The more Bitcoin continues to take is movement gradually till we notice that we haven't bought any at all. If we feel we are experienced enough why do we speculate? Both the whales and the plebs can be affected if they do not mange their investment properly. Bitcoin is no obedient or follower of anyone. Whether we are rich or poor it doesn't mater. The wrong approach to an investment will surely fall. This is why everyone no matter the financial status must know these things regarding Bitcoin investment in other to keep their investment ongoing wihotu risking it to loss.
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