Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Salahmu
on 17/03/2024, 18:41:19 UTC
⭐ Merited by JayJuanGee (1)
[edited out]..Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).
I highlighted a paragraph out, I've not been mixing strategies, I've been buying but I always thought we have been in the bear Market and I have also expressed myself in terms if us beign in the bear market but right now I feel my perspective of what a bear market or bull market is shattered, so I think it would be fair if I could explain more about it.

I already explained and probably overly explained, and so you need to think in longer timelines.  In essence, we have been in a bull market since November 2022, and I give little shits about what others say about the various corrections along the way.  The market does not change back and forth.

on the other hand, we could fairly assess that we might not have had realized that we were in a bull market until either mid-2023 or even as late as October 2023, but surely at some point, we would have or should have realized that we were in a bull market rather than a bear market since November 2022.

Bull market is that the price is generally trending up (even if there may well be short or long periods of corrections in between).

In other words, you cannot be flipping back and forth, and clearly even if we were in a correction in December 2023.. who gives any shits.. we were still obviously already in a bull market, even if there was a correction.

People frequently get confused by the short-term and/or overly obsess about the short term.. and especially if you already stated that you are planning to invest for a whole cycle, then there seems to be almost no reason to be getting worked up about various short term moves. 

Of course, any of us still wants to try to minimize his cost per BTC, but there is ONLY so much that we are able to do about those kinds of things, especially if we are new to bitcoin and still building our stash...

As I already mentioned, if you have been buying since December (or even in the past 16 months) the value of your holdings are generally in profits, and I am not even proclaiming that you are not faced with any dilemma, since when BTC is in this kind of bull market, there may well be a lot of advantages to front loading and investing as much as possible earlier rather than stringing out purchases, but at the same time, if you are new to bitcoin (and/or investing), you may well not have much if any choice based on how much (or the lack) that you have in your own finances to be able to dedicate to BTC purchases.

In other words, there are some advantages, towards buying when the BTC price is going down rather than when it is going up.. but you cannot really affect those kinds of situations
.  You have to play with the cards that you have, and figure out what you are going to do and how you are going to deal with the current dynamics as well as future dynamics that are not really known very well until after they happen.

Of course like I already mentioned on my previous post there is an advantage of buying when the Bitcoin price is lower but we shouldn't draw all our focus or target on buying Bitcoin only when the price is going down because the probability of Bitcoin dipping the way they expected may not be certain, however if they most go for dip it will surely depend on there investment portfolio if they wish to still utilize the opportunity if Bitcoin is going down, perhaps they could channel some of there funds on Lump sum while they continue investing on the normal price of the Bitcoin.

However in terms of short-term investment I agree with you that most people normally get confused or couldn't distinguish between short-term and long term investment because one of the things I realized is that most people or rather investors feels that holding Bitcoin for six or seven months is a long term holding without knowing that they are only doing there normally trading because like you said a long term holding could be refer as holding Bitcoin for ten or more than ten years.