Buy the DIP, and HODL!

[Sim_card]

that is why we always advice that bitcoin investors should set at least a 5 years investment plans so that at least with in that time, bitcoin price should have move above a significant amount that is way ahead and above your bought price.

That is a bit confusing.  You seem to be suggesting that "we" suggest at least 5 years so that there are decently good chances that we will be in profits at that time so that presumptively we are going to be able to sell... You are not necessarily wrong, but you still are coming off as being in a long term trade rather than an investment, maybe merely because you are caught upon the idea of the need to buy the dip.. so I just get the sense that you have a long term trading mentality rather than really considering bitcoin as investing... even though you are using the term "investing" into bitcoin.

I thought as much also, you know some people thinks that investing in Bitcoin is just about taking profits alone, sure we still hope to take profits from our investments but our main targets is for a long interval of time because making investments in Bitcoin is like keeping an asset that will stand for long term future growth and also to sustain our beliefs in the existence of Bitcoin that is why our focus on Bitcoin is mainly for a long term purposes. Some people feels that basically because they bought Bitcoin at a DIP price that they can eventually sell off when the price is high but that is a very wrong investment mentality. Above all, we should remove long term trading mentality while making investments in Bitcoin because it hinders our growth as Bitcoin investors. The idea of buying Bitcoin at a DIP price and selling when the price is high is far off from the purpose of owning Bitcoin as all those practices are mainly the strategies of a trader rather than an investor.

You, me and all of us invest in the hope that we will get a profit from this investment at some point. Even if you invest with the expectation of profit, everyone has a different investment strategy. Those who are true investors will take the risk of money and wait enough time and sell their investment when they get enough profit on their investment. But there is a class of investors who start investing only after seeing the profits of others, but they don't want to see how much challenge and how much patience that investor has taken in pursuit of profits. We have to invest with the expectation of profit, but the investment cannot be sold within a few days after investing.

~cut out~

Having that mentality of taking profits at some point in your investments in Bitcoin will only leave you into being emotional especially when a DIP is happening, that is why it is not good to be too focused about the profits you can get from your investments because having that mentality will only lead you to the feelings of selling when you have realized some profits that is why we should not care much about the profits we gonna get during our accumulating stages until we build a portfolio that we will be proud of and since our goal is focused on long term definitely the profits will be achieved but let's not always focus on profits because it can stand as a distraction and can even make you to consider selling even when your investments is not matured enough.

Talking about investors who tend to invest after seeing the profits of others, they are traders in my own opinion since what enticed them to invest was the idea of taking profits but a real Bitcoin investor don't think about making profits yet at the early stage of their investments all they do is buy and Hodl.

Whoever is taking profit when he is still in his accumulation stage will only wreck his bitcoin size because no one knows for how long that you need to invest with DCA and hodli for long term before you will see good profits. Imagine a new investor that decided to accumulate bitcoin with DCA at 55k price and when bitcoin price reached the new ATH which was $73k and took profit because he saw little growth in his bitcoin stash. Now that bitcoin price has dip drastically, he will be at double loss because his original amount that he invested in bitcoin will have decreased due to this dip, and the profit he took will make it decrease more than assuming he didn't take profit at $73k.

The market is unpredictable and that is why a new investor should not put profit taking in his mind at all when investing a me buying regularly with DCA to keep building his bitcoin stash because taking profit is the most risky thing to do. It is good that before thinking of profit you have over accumulated more than enough bitcoin that taking little profit from your bitcoin stash will not even affect the generated profit from your overall bitcoin portfolio.

Thinking of selling at the early stage means that you want to turn into a trader, which is not good for an assest like bitcoin with high volatility and that seems like you are gambling instead of investing. One thing that makes me to hate selling part of your investment when you see a little profit is that you will still want to sell again depriving yourself from reaching your bitcoin target quick that is why a new investor must avoid whatever that will make him think of selling during his accumulation phase.

Fuck crypto and shitcoins. We are not talking about shitcoins here, and for sure HODL or HOLD does not apply to shitcoins.. Out of the various crypto that you might be trying to suggest bitcoin to be within such category.

My bad...thanks for the head up. Hodl is only for bitcoin and I believe that word is used so that new investors will understand that bitcoin price can increase in value more when you keep it for a very long period of time. It is an indirect word that tells people not to sell their bitcoin.

[Cryptoprincess101]

It’s been a bloody Monday so far.
You go to your charts and all you would find is how all the coins are bleeding and Bitcoin has dumped to a price of $49.8k as at the time of this comment. Volatility is everything in Bitcoin and this dip beats many expectations for the month of August. I guess no one saw Bitcoin at this point.

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

I don't think you should be concerned about others sentiment because even though the price has gotten a huge DIP so far, some people will still be waiting for more further DIP or will be dreaming of a massive dump before they can buy and they will keep on exaggerating before they know it the price will recover again and they end up not still buying at the DIP price they have been waiting for. Those who will buy Bitcoin despite the entry price will still buy whether there's a DIP or not so don't be too concerned about those procrastinators in the name of waiting for a DIP price to buy.
        Anyone who is panicking now that a DIP is happening does not even understand the reason why they have Bitcoin because it's either they lack courage or they are hoping for the price to skyrocket so that they can sell. Why monitoring or viewing your portfolio when you already know that corrections are meant to happen in the price of Bitcoin. The earlier we develop a strong confidence in the ability of Bitcoin to survive despite all criticisms and hateful words from the enemies of Bitcoin, the better for us all. I don't see the reason why anyone should panic about the decline in the price of Bitcoin. It is a normal phenomenon.
        For anyone with reserved funds, this is the opportunity to buy more at a DIP price and relax, no cause for an alarm.

[Justbillywitt]

It’s been a bloody Monday so far.
You go to your charts and all you would find is how all the coins are bleeding and Bitcoin has dumped to a price of $49.8k as at the time of this comment. Volatility is everything in Bitcoin and this dip beats many expectations for the month of August. I guess no one saw Bitcoin at this point.

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

You know that's the one of the problems that's associated with waiting for the dip, when the dip finally comes, people who has been waiting for it still get terrified to enter the market, as they are still believe that there is still some more coming. That's why most of the time they end up buying nothing. That's why having a dip percentage ahead of time is encouraged, so that the moment it happens you buy immediately and still set another level so that if it dips further to that level you buy again, to avoid missing out. There is total fear in the market right now, but to many it is an opportunity.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

This is where DCA strategy comes in very handy, and that's why it always the most preferred by investors. for people who has been utilizing DCA strategy very well their portfolio won't be as bad as those people who has solely relied on the other methods at this time. At times like this we should not focus on looking at our portfolio, for people who are not psychologically and emotionally strong. This situation will mostly bother investors who are into bitcoin investment for the short term.

[$crypto$]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

[Salahmu]

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Is not everybody that's currently panicking through the sudden drop of Bitcoin price, though you can be right in some extent because the only people that would so much experience the panic you are referring to are the short term holders or those traders who has already gone long during the time Bitcoin price was a bit higher but for the future holders panic is not on there agenda because long term holding is like investment that opens the eyes of everybody who wants to hold to know about the market challenges such as price dropping or dip, so that when the time comes they would never be scared or having a doubt about there investment, so actually holders already knows that dip is inevitable in Bitcoin investment so instead of panicking they would always see a possibility, so the only time people will stop there panic is only if they will reason or see from the direction of holders they would no that Bitcoin dip does not present any challenge on there investment.

I do invest with a budget of 10% of my income so that in the 1.5 years that I have passed there have been no obstacles that have disturbed my finances in terms of my daily living needs.

And hopefully there will be no mistakes I will make. I plan to make this investment an investment for my children when they grow up.

Is a good idea because Bitcoin investment is one of the best way to set a good starting plan for the future of our children, though I no that each person has there investment target but I think this idea needs to be given a thought especially those who have children because if they did not think about it now there could come a time when they would realized the importance and by then they may not be financially strong to carry out that plan again.

[Ryu_Ar1]

If a person has USDT reserves and has invested regularly, they definitely have the best opportunity to buy dips. Because they may not want to buy dips as a result of regular investment, invest regularly and buy dips quickly must be sustainable.

I don't understand why we are making reserves in USDT because in the end it won't affect anything especially USDT is a stable coin so why keep a long time in something like this? If indeed we still have reserves it is quite reasonable from fiat because after all this may be a preparation from us in planning for some needs including for investment but to save in USDT I think it is not necessary because it will only waste time especially we have prioritized to be in bitcoin so we don't need USDT as a reserve.

Because I bought double dip and I am accumulating balance to buy more. Because this bitcoin dip will not last long, it will end very quickly. So those who haven't bought bitcoin dip yet can quickly collect bitcoins to grow your holdings.

As long as I invest in bitcoin I just heard the term double dip buddy. and I searched and this is all I found


https://www.merriam-webster.com/dictionary/double-dip
If indeed what you mean is in, then I think it is also a thing that cannot be categorized for investment in bitcoin because after all in simple terms it is a condition where we will receive two incomes from the same source and it will not exist in bitcoin because the focus is only investing and we will not get any other benefits other than the results of the investment we do nothing else.

[Churchillvv]

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

Subjectively, not everyone would be panicking because some are already waiting for this time to come especially those good at analysis, following patterns and professional advise such as the informations we gather hear most peoplw wouldn't be panicking during this temporary down trend of bitcoin. If anyone should be panicking apart from short term investors it should be shitcoiners who believes some kind of scam coins.

[edited out]

[Edited out]

Fuck investopedia.  They are wrong about the meaning of HODL.   Furthermore, if you are believing that HODL applies to shitcoins in the same way as bitcoin, then you don't seems to be sufficiently understanding of the difference between bitcoin and shitcoins...

Perhaps not everyone understands the fact that bitcoin it a paradigm which is absolutely not of the same category with shitcoins. Every one holding shitcoins are just gamblers trying out some kind of odds hoping it goes in there favour but bitcoin is certainly not anything relating to that which is a very big identifier or differential point to not in categorising bitcoin and shitcoins.

Additionally we can not make definitions for anyone so it's up to every individual to decided whatsoever they want regarding bitcoin and shitcoins.

[Odohu]

I don't think you should be concerned about others sentiment because even though the price has gotten a huge DIP so far, some people will still be waiting for more further DIP or will be dreaming of a massive dump before they can buy and they will keep on exaggerating before they know it the price will recover again and they end up not still buying at the DIP price they have been waiting for. Those who will buy Bitcoin despite the entry price will still buy whether there's a DIP or not so don't be too concerned about those procrastinators in the name of waiting for a DIP price to buy.

Even though we don't know how far the market will dip, I think anyone serious with buying the dips should have had majority of his orders filled by now that market moved from $70k few days ago to $50k today which is a price differential of about $20k, representing 28.6% drop in price. If this is not dip to anyone, maybe the person is expecting a bear season before he consider that a dip. What the market is doing now is correction and for an asset like Bitcoin that is very volatile, over 20% drop in price is a huge retracement and a good opportunity to take buy positions. It is possible the price will go lower than this or and it is possible it will not but the main point is that anyone buying the dips out to have taken some good positions by now, keeping just a small fraction of his fiat should the market go lower.
 

Anyone who is panicking now that a DIP is happening does not even understand the reason why they have Bitcoin because it's either they lack courage or they are hoping for the price to skyrocket so that they can sell. Why monitoring or viewing your portfolio when you already know that corrections are meant to happen in the price of Bitcoin. The earlier we develop a strong confidence in the ability of Bitcoin to survive despite all criticisms and hateful words from the enemies of Bitcoin, the better for us all. I don't see the reason why anyone should panic about the decline in the price of Bitcoin. It is a normal phenomenon.

Most of the lessons from this thread is how not to panic especially in a time like this because it is nothing new. Consequently, when we see this market condition, instead of panic, it should be a time to make smart decision that produces more Bitcoin to the collection at very discounted prices. Besides, it is also at the core of our discussion here that provisions should be made for a time like this so that we will never have any reason to fret or feel any urge to sell when we do not plan to do that. The present market condition is rather a good opportunity for more investments and not a time to panic.

[Mayor of ogba]

that is why we always advice that bitcoin investors should set at least a 5 years investment plans so that at least with in that time, bitcoin price should have move above a significant amount that is way ahead and above your bought price.

That is a bit confusing.  You seem to be suggesting that "we" suggest at least 5 years so that there are decently good chances that we will be in profits at that time so that presumptively we are going to be able to sell... You are not necessarily wrong, but you still are coming off as being in a long term trade rather than an investment, maybe merely because you are caught upon the idea of the need to buy the dip.. so I just get the sense that you have a long term trading mentality rather than really considering bitcoin as investing... even though you are using the term "investing" into bitcoin.

I thought as much also, you know some people thinks that investing in Bitcoin is just about taking profits alone, sure we still hope to take profits from our investments but our main targets is for a long interval of time because making investments in Bitcoin is like keeping an asset that will stand for long term future growth and also to sustain our beliefs in the existence of Bitcoin that is why our focus on Bitcoin is mainly for a long term purposes. Some people feels that basically because they bought Bitcoin at a DIP price that they can eventually sell off when the price is high but that is a very wrong investment mentality. Above all, we should remove long term trading mentality while making investments in Bitcoin because it hinders our growth as Bitcoin investors. The idea of buying Bitcoin at a DIP price and selling when the price is high is far off from the purpose of owning Bitcoin as all those practices are mainly the strategies of a trader rather than an investor.

You, me and all of us invest in the hope that we will get a profit from this investment at some point. Even if you invest with the expectation of profit, everyone has a different investment strategy. Those who are true investors will take the risk of money and wait enough time and sell their investment when they get enough profit on their investment. But there is a class of investors who start investing only after seeing the profits of others, but they don't want to see how much challenge and how much patience that investor has taken in pursuit of profits. We have to invest with the expectation of profit, but the investment cannot be sold within a few days after investing.

~cut out~

Having that mentality of taking profits at some point in your investments in Bitcoin will only leave you into being emotional especially when a DIP is happening, that is why it is not good to be too focused about the profits you can get from your investments because having that mentality will only lead you to the feelings of selling when you have realized some profits that is why we should not care much about the profits we gonna get during our accumulating stages until we build a portfolio that we will be proud of and since our goal is focused on long term definitely the profits will be achieved but let's not always focus on profits because it can stand as a distraction and can even make you to consider selling even when your investments is not matured enough.

Talking about investors who tend to invest after seeing the profits of others, they are traders in my own opinion since what enticed them to invest was the idea of taking profits but a real Bitcoin investor don't think about making profits yet at the early stage of their investments all they do is buy and Hodl.

That's why it is good for us not to invest our whole money in bitcoin investments so that we will not be tempted to sell our bitcoin investments for short-term profit to sort out our financial needs. Since bitcoin is a long-term investment, we should invest in it with the money that we can afford to lose so that we will not find ourselves in difficult situations that will make us sell our bitcoin to survive.

Investors who intend to invest in bitcoin, because they see how other investors make good profits from bitcoin investments are not traders; they only have doubts about bitcoin investment, and for such people to invest in bitcoin, they need to see someone who succeeded in bitcoin investment to clear their doubts about bitcoin.

[JayJuanGee]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.

[betswift]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Great words, I do think we are going to see some dips in the near future (because of the geopolitics, US news about the job market (we already felt that, but there can be more to it), and much more, the elections aren't done yet as well), and this should be seen as an opportunity, for all people involved. Spot will lead the way, in my opinion, and the red I am seeing now won't stop me and my course of action. It's our nature to panic when the ship starts shaking, however, those who are brave enough and go with the sea waves enjoy their place under the sun.

[Popkon6]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Great words, I do think we are going to see some dips in the near future (because of the geopolitics, US news about the job market (we already felt that, but there can be more to it), and much more, the elections aren't done yet as well), and this should be seen as an opportunity, for all people involved. Spot will lead the way, in my opinion, and the red I am seeing now won't stop me and my course of action. It's our nature to panic when the ship starts shaking, however, those who are brave enough and go with the sea waves enjoy their place under the sun.

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path. 

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

[betswift]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Great words, I do think we are going to see some dips in the near future (because of the geopolitics, US news about the job market (we already felt that, but there can be more to it), and much more, the elections aren't done yet as well), and this should be seen as an opportunity, for all people involved. Spot will lead the way, in my opinion, and the red I am seeing now won't stop me and my course of action. It's our nature to panic when the ship starts shaking, however, those who are brave enough and go with the sea waves enjoy their place under the sun.

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path. 

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

Yeah, with it, we try to minimize the impact of volatility change, by dividing our funds into smaller sums, so I may agree with you. We shall see how much our portfolios will feel the impact of it, though

[KeenanEl19]

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

it is true that this certainly makes some people panic like those who already have BTC assets. but the other side of this moment is definitely what those who want to buy BTC are waiting for because the price is surprising all those who know BTC. but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.


With the current price of BTC that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.



coinmarketcap

[betswift]

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

it is true that this certainly makes some people panic like those who already have BTC assets. but the other side of this moment is definitely what those who want to buy BTC are waiting for because the price is surprising all those who know BTC. but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.


With the current price of BTC that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.



coinmarketcap

You did repeat yourself a bit at the end of the post, but I agree. Some are fortunate because of the dip, some - are not so much. In the end, the situation is both good and bad for different people, but we should use it to our advantage as much as possible, going both in spot and futures, thinking about how it can be worked around.

[avp2306]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Actually not everyone got panic in this situation since we able to see that bitcoin price slowly recovering this scenario give relief to people who know that this events really happen. Maybe those people who got panic are in trading, But usually those people who decide to hold their bitcoin somehow find a good opportunity to increase their holdings by buying bitcoins at bargain price.

But we can't really deny the fact that there are people crying for help because they are liquidated. This scenario is somehow a wake up call for people that trading is really risky option to do especially if they don't know how to handle well the situation currently occur. If they just decide to hold for sure this current dump will not give them much stress. But seems lots of them likes to play fire that's why some of them got burned when bearish condition occur.

[Wind_FURY]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

Actually not everyone got panic in this situation since we able to see that bitcoin price slowly recovering this scenario give relief to people who know that this events really happen. Maybe those people who got panic are in trading, But usually those people who decide to hold their bitcoin somehow find a good opportunity to increase their holdings by buying bitcoins at bargain price.

But we can't really deny the fact that there are people crying for help because they are liquidated. This scenario is somehow a wake up call for people that trading is really risky option to do especially if they don't know how to handle well the situation currently occur. If they just decide to hold for sure this current dump will not give them much stress. But seems lots of them likes to play fire that's why some of them got burned when bearish condition occur.

You joined the forum during 2014, and learned about Bitcoin before me. If you bought the DIP and HODLed and/or DCAed since 2014, then your average purchasing price would be very VERY low so mini-crashes going to $40,000 or back down to $20,000 would never cause you any panic.

But for those who have NOT started their accumulation process, START TODAY, and study everything about Bitcoin while accumulating.

[Roseline492]

with the current BTC price that has started to rise again, it is fortunate for those who have bought yesterday at a low price, but no one knows what the future will be like because it might go back down but I don't think that will happen.

You are actually sounding as if there is so much big deal about those who bought as Bitcoin price drops, it doesn't actually make any difference between those who are doing there DCA by buying at any price, funny enough if someone who is still new on Bitcoin investment sees your statement they will feel that there is no need to invest since they have missed a great opportunity to buy without knowing that is not something that should affect them, so you should know that whether dip or not it doesn't stop investors from there accumulation, however the only little advantage about the dip you are actually talking bout is just the quantity to be accumulated, for instance if the investor normal accumulation pattern is $20 or $30 weekly the amount they will get on Bitcoin now will be a little higher than when the price will be $75k, so that's the only difference but that's not something to be concerned about because even when there was no dip we were still doing our DCA so perhaps price dip should not be an issue.

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path. 

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

Yeah, with it, we try to minimize the impact of volatility change, by dividing our funds into smaller sums, so I may agree with you. We shall see how much our portfolios will feel the impact of it, though

DCA has nothing to do with minimizing the impact of volatility in the price of Bitcoin, so don't get it wrong because when we talk about volatility is the nature of Bitcoin and is also inevitable so long as the price is concerned, so we did not go into DCA because of minimizing it but instead we choose DCA because is a good method for long term holders to go through.

[Sim_card]

Our most positive point is that there is a peak bull market in 2025 which we can currently experience, before reaching this bull market there will be a lot of shaking which is happening now. So the DCA method plays a different role to keep yourself on the right path.  

Because there have been several dumpings this season and the dumping at the beginning of August may be the last dumping in the Bitcoin market. Because we only invest for the long term, the more we invest in the DCA method, the more portfolio we can grow. Because many people cannot buy bitcoins together due to financial problems, DCA method is most convenient for them.

Yeah, with it, we try to minimize the impact of volatility change, by dividing our funds into smaller sums, so I may agree with you. We shall see how much our portfolios will feel the impact of it, though

DCA has nothing to do with minimizing the impact of volatility in the price of Bitcoin, so don't get it wrong because when we talk about volatility is the nature of Bitcoin and is also inevitable so long as the price is concerned, so we did not go into DCA because of minimizing it but instead we choose DCA because is a good method for long term holders to go through.

I understand what betswift means you know when you are DCAing constantly you are opportune to buy bitcoin at various prices and someone that only use lump sum to buy bitcoin only without DCA will not enjoy that much from the volatile nature of bitcoin if he hodli for a very long time compared to that investor that is on DCA regularly, because if he has lump sum already, whenever bitcoin price dips below his entry point he is not in profit. But an investor that his DCA is ongoing constantly, whenever the price of bitcoin dips he will also buy at that period and that will make him worry less because he is also benefitting from the dip.

That is how DCA minimizes the volatile nature of bitcoin because when we want to access our portfolio if it is in profit, one needs to use 200MWA to get the average price of bitcoin in your portfolio and that is what DCA does to help you balance it because you will buy when the price is very high and at the bottom of the dip. Overall, it is good use DCA to build and grow your portfolio and if you have an unexpected funds, you lump sum immediately and hodli to help you achieve a fast growth of your portfolio.

[SuperBitMan]

Now I'm curious to know the sentiments of other people waiting for the dip if they are really accumulating at this situation. Fear towards more dumps provably spreading and if we could see lots of statements saying that they wanna buy more because they already see a perfect opportunity which they are waiting.

Some got panic in this situation since we can't deny that this current dump can really bother us especially if we look our portfolio.

So what's best for now is to continue their accumulation and just ignore the panic done by lots of people. If they can accumulate that's good since for sure that those dump is just temporary and they might struggle to see bitcoin touch at $50k level again if bitcoin price recover.

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.

Getting worried about the price of Bitcoin should be for people who has been accumulating Bitcoin for 5 to 10 years and not people who just started, the reason why some people who just started Bitcoin investment always get tired very quick is because they are very much concern about the price of Bitcoin.
And I don't think knowing if you have accumulated enough is a problem, before starting your Bitcoin investment you should have a target, which are how much will I be investing on Bitcoin weekly or monthly, when will I become aggressive in my Bitcoin accumulation, what do I need to do to protect my Bitcoin so I won't dip hands into it and how many years will I accumulate and hold.
If you know all this I don't think you will have a problem in knowing if you have accumulated enough for yourself and mind you what will be enough for me may not be for you that's why you need to discover it yourself.

If you don't have a source of income I don't think is good to start Bitcoin investment, some people usually start and along the line they run out of cash, before starting a Bitcoin investment have a source of income without having a source of income you can't succeed in Bitcoin investment.
And I really don't like waiting for the dip before buying Bitcoin I think using the DCA strategy is more better, some people feels they could only accumulate more during the dip but the question is what if there's no dip for months.
For me I think being consistent with the DCA strategy and also having savings is the best, when you have savings you can use it to accumulate more when ever there's a dip.