Quote from: Justbillywitt on November 29, 2023, 04:25:09 PM

Quote from: JayJuanGee on November 28, 2023, 07:18:49 PM

Quote from: Publictalk792 on November 28, 2023, 06:25:01 AM

Quote from: JayJuanGee on November 28, 2023, 12:55:21 AM

Fair enough, but if you are fairly new to bitcoin (as your forum registration date is not even two months), then it can take years and years and years to build your bitcoin position and/or to get your bitcoin stake to a high enough status that you might be able to become less focused on BTC accumulation.

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

Buying on dips can surely supplement a DCA strategy, and buying on dips becomes even better of a strategy the loinger that you have been in bitcoin, such if you have been in bitcoin for a whole cycle or a cycle and a half.. Then maybe at some point you might convert to ONLY buying on dips, but in the beginning many folks do not have enough bitcoin, and surely I cannot tell you how much you need.. and sometimes if you are new to bitcoin, you don't realize how many that you need.

Also, if you are just planning on selling after the price doubles or triples, then sure you may well be thinking about your approach to BTC differently as compared with a lot of the members participating in this thread.

I understand what you want to say about how long it could take to get a lot of Bitcoin and how much important to start buying it EARLIER not later.It is true buying and keep Bitcoin over time can be a good strategy especially if you plan to keep it for many years.

Buy the Bitcoin when go down can also be a GOOD STRATEGY. But when you are just starting and don't have a lot of Bitcoin it is better to focus on buying it REGULARLY instead of waiting for the price to go down.

When we should sell Bitcoin depend on what we want to ACHIEVE and how much risk we can take easily. Some people want to sell it when the price go up like doubles or triples. But Mostly "Hold" tight because they think Bitcoin is the name HODL(or think the word HODL unique for Bitcoin). That is important for everyone to think about their own strategy when it comes to Bitcoin.

Yes... selling depends on your personal goals, and really if people invest into bitcoin for the long term, such as 4-10 years or even longer, then they can still be advantaged by having value in bitcoin, even if they are not selling it and even if they are going through various drastic ups and downs along the way... So a fairly BIG question might be how much BTC are you trying to accumulate, and if you reach your target and you sell it all, then you weren't really wanting to accumulate bitcoin, but instead you were wanting to accumulate dollars.. so are you in a better place if you sell out of bitcoin and get into dollars, or would you be more likely to be better off if you either completely stay in bitcoin and maybe just sell small amounts from time to time to the extent that you might no longer be in an accumulation mode.

Some of those selling strategies are going to become more clear as you accumulate BTC, but people do frequently get distracted and they sell too much BTC too soon, and then they have to rethink their whole perspective including that they might have ended up psyching themselves out of having a BTC buying and/or HODLing strategy rather than devolving into trading and gambling kinds of thinking about their stash.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Quote

What if there is no retracement to $39k? and the price of Bitcoin keeps on gaining, you might miss out on accumulating your Bitcoin because you are waiting for a retracement. I could suggest if you have enough money divide it into three parts that you will use to buy the Bitcoin dip, buy when the Bitcoin price is at peaks, and buy Bitcoin with the DCA strategy, instead of waiting for the Bitcoin price retracement and miss out on holding a Bitcoin. Just as @JayJuanGee mentioned to you if you are staying in BTC for 4-10 years it might end up doing you good because the BTC price will be above your buying price in those years.

You can't say ''what if there is no retracement'', because surely there will always be retracement.

Yeah but what good does it do you if the BTC price goes up to $55k and ONLY ends up retracing back down to $42k?

Sure, your retracement scenarios might play out, but if you are a newbie to investing, you may well be overly prepared for DOWNity, and hardly at all prepared for UPpity. In that case, you are likely being too smart for your own good... even if you might end up being correct... but then if you are not, then what?

We have witnessed these kinds of BTC UPpity price moves several times in BTC's history, and surely it does not mean that they are guaranteed, just like you are not guaranteed a retracement that is going to be significantly large enough to put you in a place that you should have had been in August and September when BTC spent around 2 months between the upper $24ks and the lower $27ks and people were waiting for further down, and we have not had much retracements since early October, especially for those too greedy in term of their retracement expectations.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Following the law of economics when supply exceeds demand there is bound to be retracement.

We don't have that in bitcoin.

Have you heard of bitcoin?

It is called scarcity.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Because there more willing sellers than willing buyers and even @JayJuanGee knows this.

Yes.. I know that if there are more willing sellers than willing buyers then the price is going to go down, yet that is not really telling us anything to presume that there are more willing sellers in these price zones, when the opposite may well could be the case. Yeah, none of us really know, and that is why JJG suggest to always prepare for either direction, but to always make sure that you are more prepared for UP than you are for down since we are investing into bitcoin for a reason. .which is that it is amongst the best of assets available for normies around the world to invest into, if not the best.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Bitcoin is not a stablecoin and saying what if there is no retracement doesn't go well.

I doubt anyone is saying that there won't be retracements, but they might not happen at points that you expect.

Sometimes bitcoin goes into punishment mode, and that really sucks for guys who either shorted bitcoin or did not get enough coins.

But you have to live with your own choices in regards to how much you are prepared for either price direction... of course the third option is that we could go flat from here, but that would be pretty rare.. .. but there can be some periods of sticking at the top for a while prior to the retracement, but sometimes the retracement does not come until much later, and then the retracement, even though technically correct, does not really benefit those who should have been buying all along and/or probably should not have shorted.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Yes DCA strategy is very good and I'm not disputing that fact, but what I am saying is I don't accumulate bitcoin due to FOMO because of the knowledge I have gathered on bitcoin investment even though my forum accounts says otherwise.

Well if your forum account says that you have ONLY been here for 2 months, would you like to give us a longer history regarding your BTC accumulation.

On my own personal level I was accumulating bitcoin about three months prior to my forum registration, and I was referred to the forum (specifically to the WO thread) by someone in another bitcoin-related thread in another forum... so I started in bitcoin in late 2013, but I had already had about 20 years in vesting in other kinds of things, so I kind of had a specific agenda, including that I wanted to diversify some aspects of my then holdings away from the dollar.. and so that is part of why bitcoin seemed to make sense for me to establish an investment budget for bitcoin for 6 months, and then at the end of the first 6 months, I extended an investment budget for another 6 months, so maybe I had a year in bitcoin that I was engaged in mostly accumulating BTC and also studying the space and forming my opinions and even tweaking some of my strategies (and my thinking) at various points along the way..

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

Yes I am into bitcoin as as a long term hodler and I am not disputing the fact that we are yet to see the full potentials in bitcoin investment. So since am going to be around and holding for a long term what's the rush of always buying the top.

right now we are right around 30% above the 200-week moving average, so it is not really seeming to be any kind of meaningful/significant top in terms of attempting to measure BTC value in terms of bitcoin itself rather than getting caught up in potentially irrelevant and/or meaningless technical analysis of bitcoin as if it were a mature asset, when it is not, and from the chart you can see that we are currently at $28,988 which and that we have tended to be quite a bit above the 200-week moving average rather than close to it or even below it (which the last year and a half) might have given you some perverted ideas about where bitcoin is at in terms of its historical tops and bottoms...and also if you don't really understand what bitcoin is or if you might happen to believe that it is some kind of a mature asset class or that it is like other assets. blah blah blah.. you might not get it.

Quote from: Justbillywitt on November 28, 2023, 06:25:18 AM

I feel more comfortable buying when there is a 5 to 10% dip in price from high of the week or month.

No problem.

Hopefully you already have enough BTC so that it does not matter to you either way, even if we go up to $55k without a 5% to 10% dip... I personally have no clue if the BTC price will dip or not but my own holdings are prepared for either direction. if the price goes up I sell and if it goes down I buy.. but if you don't have enough BTC, then you should skip the selling part and only do the buying part, and also don't be concerned about which way the price is going, just buy regularly, and sure maybe hold some extra to buy on dips, but the main thing should be ongoing buying until getting to some kind of a stage that your BTC holdings tell you that you can modify your strategy, and sure if you have been buying for several years and/or you lump summed into bitcoin in the last year and a half, then maybe you already have enough BTC, but from the contents of you posts, it seems that you probably missed out on buying enough in August/September when BTC prices were between $24k and $27k and you have missed the last two months waiting for dips that have not happened, yet.. and now we are above $38k.. so maybe you might get a dip to $39k after the price goes above $42k? or sure, maybe it will dip from here? I am not going to claim to know much of anything, but I would not be putting too much stock into a buying on dip strategy if I was already in a position of not having enough BTC.. which seems to be your situation.

Quote from: armanda90 on November 28, 2023, 12:46:43 PM

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

It should be pretty obvious that we are not talking about those kinds of trading, leveraging and futures topics in this thread. Sure once you have the basics you can add more sophisticated techniques in order that you can lose everything that you worked to gain over the years. Another thing, just keep those fucking arounds with trading, leverage, futures, shitcoins and other kinds of gambling less than 10% of you bitcoin holdings.. and don't be sloppy with it.. don't be injecting new money into your degenerate gambling after you lose the whole 10% and then take another 10%.. you probably need to have systems in place to punish yourself and to earn back your losses prior to being authorizing yourself to employ such tools in the future.. but of course that's up to you how you want to do those things, but it should be clear that those strategies are not on topic in this thread.

I have learned so much from you and others who has contributed. I must say I have a great respect for you. It is only a man that is not willing to grow that will not take correction when he/she is going the wrong way. Clearly from your explanations I have now realized that my approach in my bitcoin accumulation was wrong and I have to make adjustment towards and make use of DCA while I continue my bitcoin accumulation.

Mate, there is nothing wrong with taking a correction because it is through correction that growth comes. We are all here in the Buy the Dip and HODL thread to guide each other in the best strategy to use and accumulate our Bitcoin. I have learned from this thread and also put it into practice and I discovered that accumulating Bitcoin through the DCA strategy is the best to use in accumulating Bitcoin because DCA helps to control the volatile part of Bitcoin, and also gives you the energy to keep on accumulating your Bitcoin anytime there is enough money to buy Bitcoin. For Instance, if you have accumulated Bitcoin worth $200, and there is a dip in the price of Bitcoin, you could only be in a $5 loss because you bought your Bitcoin at different prices through DCA the strategy, this is one of the good parts of the DCA strategy.