Re: Buy the DIP, and HODL!

Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.

You might be mischaracterizing a bit my own BTC accumulation journey, since I did not particularly go out to buy and/or accumulate bitcoin in a bear market, and none of us is likely going to know whether we are in a bear market or not or which way the BTC price is going to go for the short to medium term.

So any kind of suggestion that it is best to determine and/or figure out if we are in a bear market prior to engaging in BTC accumulation and/or aggressive BTC accumulation seems to be quite misleading - and it could cause newbies to wait rather than getting started ASAP..

If you don't have any BTC, then what are you going to do wait for lower prices from here? Or if the BTC price does not go down from here, then you are going to wait for after it goes up and then when it comes back down, but to where is it going to come back down?

I cannot see how waiting could be a strategy for anyone who might have assessed that he does not have any coins or that he does not have enough coins.

Sure, some folks might come to a wrong assessment that they do not need any BTC, and sure they can do what they like, but they are likely going to end up buying later and at higher prices, so again, why wait?

There are some folks who are worried about price dips coming, and perhaps those kinds of folks will feel better if they hold some funds aside for buying on dips, but even that seems like a questionable strategy for anyone who either does not have any coins or does not have very many coins.

This reminds me of one of the brothers who always said "just wait until the price goes down" that statement never came true until now, do you know how many years he regretted it? well for 4 years he complained and regretted why he didn't make a purchase since Bitcoin was still at the bottom. The view about waiting is often misinterpreted, just because the price is now high and then in the end you still have to wait? to hell with waiting if you don't have a plan for when to get in. I mean I'm not encouraging my brother to be aggressive, but at least there is a plan in place to start putting in money.

As said in this post, investment with determination will produce results. No matter how long Bitcoin has never disappointed us once in every 4 years. It is proven that I released 70% of my ownership at ATH this year and for me it was the right decision. Investing in Bitcoin with consistent methods and principles can educate us in the future to understand every process, the rise and fall of prices, know when to enter to buy, etc.

Common thing suggested that they should wait for dip to buy. But these people failed to realize that they missing some of their chance to accumulate when they are ready since if they entertain that idea to acquire only when there's a dump happening then for sure that huge instances that they will fail since they might get afraid of the dump and might doubt to take some action. That's why its better for investor not to think about the dip but rather focus to accumulate at what figure it is. We are talking about long term here and not short term goals that's why they should ignore those bad suggestion but rather they focus on other good things that can help them earn more money so that they can add up on their investment and maximize their potential volume then earn some good profits for it in future.

That's why its important to consider positive things that can help us generate good result. That's we should erase the other thoughts that can create disturbance and focus only on the goals we set since this could give us more fulfilling result especially if we already see some good profits as the result of the efforts and trust we made for bitcoin. Its good to see that you already secure your profit since that is really the main purpose of that. What's important is to plan the next action and start to accumulate back again.