Re: Buy the DIP, and HODL!

Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool

However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.

Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?

If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%.

Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design.

No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase
Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months.

I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last.

that's actually a smart move, using 30% of your advance salary to take more advantage of the dip. Because now most people might have sold theirs due to fear. But as you guys said already this best time to keep your DCAing going. Though bitcoin price has fallen by Around 20% since SEC approved the launch of several spot Bitcoin ETFs in the U.S.
Back then most people believe that if ETF approval was approved bitcoin would experience a great surge in price. Yeah and it's did but in a short time. Bitcoin rise to the price range of $48K after the ETF approval. But I didn't put much hope concerning the ETF approval affecting the bitcoin price (rise). All I actually put my Mind on is the upcoming 4th bitcoin halving which is going to take place this year. But still bitcoin experiencing a dip is a good opportunity to buy the dip and hodl.

I don't think is nice encouraging someone to invest on Bitcoin using his 30% of salary to invest on Bitcoin because there is every possibility that the investor could ran into trouble if the reserve fund is not enough to sustain him till he receives his next salary, so perhaps in as much as is advisable to take advantage of the Bitcoin price right now but shouldn't get overwhelmed by investing aggressively because is better to invest with the money we can easily afford without being tampered than investing with all the money we have and within a short while you end up selling it do to the lact of money to take care of other needs, however is only those that have structured one of there portfolio for Lump suming I could easily advise to take advantage of the market because they have already taken all the measures before now.

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise, if someone can use 70% of his earning for both emergency and other stuffs, even though such percentage have the 100% in his custody it won't still be okay for him or her, to me such person should divide his earning into 3 and it should be equal, then he should make use of one part to invest and the process should be continuous, it is better to take calculated risk, when it comes to bitcoin investment we should plan with the resources that we have within our reach but it should worth it, lets always go for long term and plan on the sustenance measures.