The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.
¯\_(ツ)_/¯
If in doubt, then always zoom out. Sit on your hands/don't panic.
still struggling with topic name change, still feels wrong
True dat. Me too.
It seems to me that there was no reason to change the title of a thread like this that had been running for more than 5 years and had "buy the dip in the title" from the start.
I personally believe that "buy the dip" is not as good of a technique as DCA (especially for beginners), but buy the dip is still both a valid talking point, a valid practice, it can be especially employed during situations of lump sum buying and front-loading of an investment, and buy the dip is something that a lot of those in their BTC accumulating stages will weigh and question what they should be doing and whether or not to wait for dips before buying.. and in the last two weeks, there surely has been some decently sized dips that could be taken advantage of.. even though none of us are really going to know how deep the dips are going to go or how long the dips are going to end up lasting.
The original title was "Buy
EVERY DIP, and HODL". That was during 2019 when it was absolutely obvious that it was safe to buy all DIPs with everything that you had - leave just enough money in the bank account for bill payments of course. I changed it to "Buy the DIP, and HODL" - because DIPs were not the 2019 DIPs, then to simply "Buy Bitcoin, and HODL" because I was convinced by you, and other posters, that DCA is a good buying strategy to have mixed in with buy the DIP.
Plus it's merely a title, it's not that important compared to the things we learn from each other in the topic.
for the fact that we've gotten used to the main topic of buying the DIP and HODL, it would have been a better option to leave the title of the thread that way considering the fact that it gives us the ability to talk about buying of Bitcoin using different strategies and under different circumstances. That the title is buy the DIP doesn't necessarily mean that we're waiting for the DIP before buying. As long as we're buying for the long term using the DCA methord and we're hoping to be profitable in the long run, it directly means that whatever price we're currently buying is the DIP price.
The thread was relevant at the time it was created when most of us had not joined in the discussion and up till now it's still useful and the discussions are still applicable to the strategies we're currently using and in the next four years or even ten years to come, we will still talk about buying the DIP and HODL or buying Bitcoin and HODL. It's not as though this current name is out of place or isn't passing almost the same message. As long as the context still remain intact and that we can still talk about the main idea which is to
Buy and HODL, this thread would still stand as a perfect reference point for anyone that's looking for best strategy to go about buying Bitcoin.
I prefer the topic in this manner it's more suitable to discuss, the shift in the topic narrows down from a specific tactic to a more general approach in bitcoin investment, buying bitcoin and hodl is more straight forward on buying Bitcoin specifically (rather than other cryptocurrencies). "Buy the Dip and HODL" generally refers to the strategy of purchasing bitcoin in its price dips or declines, and then holding onto it for the long term. On the other hand, "Buy Bitcoin" encompasses all the strategies for acquiring Bitcoin, while So Buy Bitcoin is like the big umbrella term covering all methods of acquiring Bitcoin e.g DCA, buy during dip, lump sum/ front-loading while Buy the Dip is a more targeted approach within that umbrella, emphasizing the strategy of buying during price dips specifically. Most time in our discussion we do refer to other strategies also it's better that the topic changes from Buy the Dip and HODL to Buy Bitcoin and HODL that makes sense, It's great to have a broader umbrella topic that can encompass all the different strategies for buying Bitcoin. This way we can dive into various approaches and tactics within Bitcoin investments. It provides a more comprehensive view of the strategies available for acquiring and holding onto Bitcoin for long-term growth.