Re: Buy the DIP, and HODL!

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

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

When you said we will have a resistance before bitcoin price reaching 55k that one is quite sure because nobody predicts the future of bitcoin and we are not fully sure that as the price is increasing and so shall it be,

I am pretty much saying that I don't know where there is going to be resistance, but there are certain points where I suspect that there could end up being resistance before $55k (and potentially a decent-sized correction before surpassing such resistance at $55k), yet I am still don't have much certainty about whether such resistance will end up playing out and I don't really play around with changing the system that I already employ based on possible increased or decreases in my beliefs that there might be support and/or resistance at various short-term price points. I personally believe that my own system is largely price neutral, even though just like many other forum members I like to spout out in regards to various resistance and/or support points that may or may not exist or if I might believe that there is 60% chance of something rather than a 50% chance, which largely is not even necessarily saying much in terms of maybe it will happen and maybe not.. and at this moment, in regards to what I believe might happen, I am slightly leaning in this direction rather than in that direction.

Quote from: Onyeeze on November 15, 2023, 09:31:50 PM

its inappropriate and improper to say so, because the values of bitcoin can not constant it either goes up and down at every minute bitcoin is changing in digits, so that's why I said we should not wait until bitcoin fall drastically before we think of buying to hold so that we can make a profit why we can be waiting and the price continues to cling going up, so the bearish time is best time to buy and hold and bullish is also best time to buy and hold bitcoin, sometimes when bitcoin experience increase in the market it take it time to retrace, it like the value of bitcoin in 2010 and values of bitcoin 2023 its not same, so the values changes.

Well it seems that many of us who are in bitcoin believe that overall it remains quite likely that BTC prices are going to continue to go up whether we are talking about 1-2 years from now or 5 years from now or 10 years from now or whatever date into the future, but even the fact that mostly many of us believe that the BTC price is more likely than not to be going up, it still should not mean that we are completely unprepared for various kinds of scenarios in which our base case does not end up coming true. .The amount that you are prepared for UP versus DOWN likely has to do with your various factors, and surely if you are relatively early in your BTC accumulation journey then it may well take 4-10 years just for you to get to a position in which you feel that you have accumulated enough BTC and that you can transition into some other kind of a strategy.. such as BTC maintenance...l or maybe you have other ideas regarding what you would like to do with your BTC and/or whether you are going to want to continue to hold BTC or to sell it.. which I cannot imagine selling all of your BTC to be a good plan if you took 4-10 years to establish a position...

Quote from: aoluain on November 15, 2023, 10:55:49 PM

Quote from: JayJuanGee on November 15, 2023, 08:34:33 PM

Quote from: aoluain on November 15, 2023, 07:43:14 PM

Quote from: JayJuanGee on November 15, 2023, 04:28:45 PM

[edited out]

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

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

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

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

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

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

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

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

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

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

OMG you have an awful lot to say about me, a lot of presumptions and an awful lot of waffle.

"Bragging" - absolutely was not my intention and I apologise to all if it came across like
that. I was literally pointing out a live dip scenario.

We are in a public thread, so I am just responding to what I perceived to have had been important points in relation to your various posts... and yeah, I find it problematic for any member to be rationalizing away behaviors in which s/he may have had been hanging onto way too much cash during the couple of months between mid-August and mid-october that BTC prices were largely bouncing between the upper $24ks and the lower $27ks, and sure many of us likely make mistakes along the way, and I would think that you are not the ONLY member here who had likely hung onto way too much cash during those two months, and might even have some regrets regarding those choices, but surely each of us has to live with the choices that we made...

..and maybe I should be asking Wind_FURY to chime in to let us know how he feels about how vocal that he was being during that mid-august to mid-october period about waiting for BTC price dips that did not end up happening, and does he feel o.k. with his own position and BTC accumulation situation since the BTC price did not end up dipping lower at that point.. and our price moves and UPpity break out of more than 40% UPpity, it is seeming even more problematic to even be hoping for sub $30k BTC prices at this time.. .I am not saying that they won't happen, but sometimes each of us surely has to attempt to make sure that we really are sufficiently prepared for UP and not overly weighted for DOWN that now might be appearing a bit more ridiculous since those whole two months we were quite a bit below the 200-week moving average which should have had been more of enough of a bottom to have had been buying the dip during that time.