Re: Buy the DIP, and HODL!

People with misunderstanding, these are different things altogether, the difference is like indulging in an activity that does not guarantee a 100% assurance of making money through it, though I see people that trade as though they are into it to make fast money, to me there is no short cut in bitcoin investment profit, most times when you think that you want to outsmart the market, you will end up being outshined by what ever tricks you use, bitcoin investment is meant for people with the spirit of perseverance and patience that's why hodling was introduced, why bitcoin has not collapse is because of the holding system, the premature sellers were bridged with this process, the future and continues existence of bitcoin depends on the hodlers that's why hodling will never go into extinction, people with long term holding mindset always smile whenever the time is ripped.

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far? Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

If someone is afraid of the dip, how will you see profitability in bitcoin. If you have been in the crypto for long, you will understand that dip is one of the most interesting time in the market. Dip gives you the opportunity to gather more and position yourself. Yes I know everyone loves to see the green candles, than the red candles, the beauty of the market as an investor is when you see the dip as an opportunity instead of seeing the fear that others are seeing. Remember if you don't buy the dip you can't sell the top. Those who are scared of the dip are newbies. Without dip there won't be much profitability in bitcoin investment.

It's obvious you are emphasizing too much on waiting for a dip before starting to accumulate but I put it to you that if you have that mindset of always waiting for a dip then you might keep waiting and may end up not accumulating again because you will feel that the price has gotten to a level where you can't afford it and you will still be feeling that you might buy and afterwards it starts dipping so in a nutshell, there is no perfect time to wait for a dip before starting to acquire bitcoins and people who actually expect a dip before they can start buying are the short term investors that all they want is to buy at a dip price and immediately the price increases they sell off their coin. These set of investors are more or less impatient and interested in short term profits rather than making long term investments that would be more profitable and risk free and gives more comfortability to ones assets.

Buying the dip is not bad, as the thread conveys buying the dip and hodl. But if an investor mistakenly missed the dip, then waiting for the next dip is not a good strategy; instead, he should dca. If he continues to wait for the dip, there are two things involved: he may end up missing the dip at the end or successfully target the dip and buy. Still, there is a high tendency that one may miss the dip. I think these people, always waiting for the dip, are underestimating the power of dcaeing consistently; if not, I don't see any reason why they will prefer to wait when they can buy some percentage regularly and risk-free. The good thing is that a wise investor can dca some percentage, and whenever he has more from his income, he can keep some percentage for buying if it eventually dips. By so doing, he won't complain if he misses the dip because his crypto is doing great, as he acquired much through dca.

I agree with you on this, waiting for the dip is what is unwise here, cause buying the dip is good and would help accumulate more bitcoin and for a cheap price. But waiting for the dip as your only strategy is fucked up for many reasons and one of them to me is how would you know the dip and having to monitor the Market and chart all the time is not reasonable, from my opinion I think most persons that priotise only buying the dip are actually short term investors, else why would they be bothered about buying the dip.
As DCA investor and long term holders we don't have to worry about buying the dip cause we are always accumulating bitcoin no matter the price and if the dip comes we would also be one of the first to take advantage of it, cause instead of wondering where the last dip would be, rather we would DCA IN and end buying at all those profitable intervals.