Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 08/12/2021, 10:22:06 UTC

But I’m a mere pleb, and I’m wrong most a decent amount of the time. Cool

Fixed that for you.

 Wink Wink


 Cheesy Cheesy Cheesy


No, I’m wrong 90% of the time, that’s why I HODL.

Ok.  I will concede the point.. You are in a better position to know about the amount that you are wrong.. Must suck to be wrong so much.

No, for me it’s OK because I’m a mere pleb, and I’m not trying to be an influencer. Plus the remaining 10% is the most important, and what truly matters. In an investment standpoint, it was a deciding-factor if I HODL, or broke. Most of my savings went to Bitcoin during 2019.

I am sure that frequently, you see me spouting out ideas about which way I might believe BTC prices to go in the short term, but I hardly even have any expectation that I am going to be right in terms of price predictions, so very often I assert that I don't really know or care which way the BTC price is going to go in the short term because my system buys on the way down and sells on the way up in such a way that I attempt to be neutral about the short term price movements, even while in the long term - 4 to 10 years or longer, I expect that Bitcoin prices will go up.. even if there is no guarantee, bitcoin still seems to be an asymmetric bet, so we don't even really need to know about which way the BTC price is going to go in the short term. 

Maybe you are saying something similar, I am not sure?  The thing is that you seem to have made determinations to stock up in the long run, and maybe in your case you are placing more emphasis on attempting to buy on dips than what I tend to want to do.. so in that regard, you are attempting to figure out how much of a dip of BTC price is enough and how long will it last in order for you to be able to buy at those lower dip prices, and I am asserting NOT to give too many shits about the dips but just to keep buying, and sure, I am not really saying to NOT buy if you believe that there might be a dip, but don't really get worked up about the extent to which you may or may not be able to figure out if the dip is enough or if it is lasting long enough...so in that regard, I am also not placing a lot of emphasis upon being correct about prices.. .. at least not in the short term... which would be less than 4 years (even though sure there are decently plausible theories about BTC 4-year cycles and also stock to flow is on a four year cycle, too).