Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Cryptoprincess101
on 25/06/2024, 13:49:16 UTC
[edited out]
Okay how about last five years that the price of Bitcoin in April 2019 when this thread was created was around $5000 so you can agree that someone who bought bitcoin then did bought at a dip price if we look at the price today so that is still the same thing that we are likely to experience in the future so as the price of Bitcoin keeps creating new ATH that is how previous buyers will continue to buy at a dip price and it continues inasmuch as the factors that leads to the pump in price of Bitcoin continue to exist, we are still buying at a dip even for an investor who is only practicing the DCA method.

Of course, no one is really going to know what BTC price dynamics are going to be into the future, but if we look at the context of the BTC price when this thread had been started, we will see that there was almost a whole year of downward BTC price movements (in the whole of 2018), yet starting in the beginning of April 2019, the BTC price had moved up a lot, and actually the BTC price ended up moving up for three months from April to June in a pretty BIG move from $4,200 to $13,880.. so the thread was started during a very interesting time in bitcoin's history.

We can have a lot of differing views about our own bitcoin accumulation strategies and/or how we think about bitcoin, yet some of these ways of thinking will also change with the passage of time, so yeah, we are never going to go back to the earlier times of this thread, so my own personal consideration that there should be no reason to change the name (title) of the thread).. because the time has already passed and if the thread is no longer applicable and/or interesting with its original topic, then the thread might be due to retire.... even though it seems buy the dip and hodl is a kind of evergreen theme.. even if DCA is also another (and perhaps superior) variation.. but it does not matter, since the ideas can still be batted around, and in this thread, we will likely continue to talk about buying the dip and hodl and also lump sum versus DCA.. as long as members are continuing to participate in the thread.
Yeah you are right, changing the name now is not adding any meaningful thing to this thread and to us following this thread if it he thinks the thread is no longer applicable or interesting ending it should be the best thing to do, however from my own view I think this thread is still interesting and has been helping people especially we the newbies and so leaving the former topic is the best thing to do in other to keep it going.
We can't stop discussing the dip, DCA and lump sum strategy in this thread as long as this thread is concern and so removing that dip in the Topic will cause a lot of damage and our discussion won't be broad anymore the topic will now limit us which is very wrong at this time.

Already this thread would have been locked before now but due to the fact that newbies bump into this thread almost on daily basis makes it so difficult to lock this thread because they can't be denied the knowledge they wish to know in this thread and for the fact that @ JayJuanGee is also open to responding to discussions in this thread also makes it more lively and interesting because if not that he has been very active in this thread, who knows it would have died a natural death just like some other threads did, let's just thank @ JayJuanGee for his devotion in attending to this thread even though some discussions may look like a repetition but since it is a very voluminous thread, not every one can easily get the information they needed to know from previous replies and if am not mistaken this is one of the oldest active thread in the Speculation section after the  Wall Observer BTC/USD - Bitcoin price movement tracking & discussion that was created by @infofront in April 2013.
                          And just like you said the discussions of various methods and strategies of investing in Bitcoin cannot really stop since majority of us are still accumulating Bitcoins. I think the heading of this thread should be a thing of debate anymore whether it is 'buy the DIP and HODL' or just buy Bitcoin and HODL as the most important thing is not only about following discussion here but also being practical about it as that is the only way we all can grow together is our Bitcoin investment journey.