Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Barikui1
on 26/06/2024, 06:59:44 UTC
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.

I stick with my original comments.  I see no reason to change the title...... at least taking out the buy the dip part of it, since that is a contrasting idea.  Your earliest edition was merely buy the dip, and then you added HODL. later.. yet I also don't see much difference between buy the dip and buy every dip.. and the inclusion of the idea of HODL .. does not interfere with the overall sentiment, since there surely can be reasons to just reverting to HODL (which is don't sell, and maybe even don't buy more since you are running out of money).. so sometimes HODL does come into play whether we are talking about the BTC price going up or down or sideways, there can be various reasons for HODL to be triggered... including sometimes loss of confidence during extended sideways periods.

Also, even though DCA has been talked about a lot in this thread and also lump sum versus DCA, I don't consider those to be conflicting ideas or even needing to be stated in the thread topic, which you had already gotten correct with your wanting to push the idea of buying the dip.. especially in the beginning, and there is nothing wrong with having that idea continue to be contained in the motivation of the topic since so many folks are still going to be weighing what they should do.. should they buy BTC right now or should they buy on the dip (that may or may not end up happening)...  
I was a bit confused when I want to check the buy the dip and hold thread, I discovered that the original name has changed, it took me some time to confirm that it's the actual thread. Sometimes before people should do something they should consider the effect of such before doing it. Apart from being confused of the original thread, the other one is that it can be misleeding by changing the content of the thread even if it looks almost thesame, but it can still be misleeding expecially when most places has the coment buy the dip and checking some place buy every dip and so on. I am also using this medium as a plead to wind fury that this thread has gone so far to be tampered with otherwise it will make people confused from the intended meaning which has started some months or years back. Let me show you the changes you have made in this thread over time@wind fury
Re: Buy every dip!
Re: Buy the DIP, and HODL!
Re: Buy every dip, and HODL!
Re: Buy Bitcoin, and HODL!

So you can take a look at it for yourself @wind fury, I just think you return this thread to buy the dip and HODl which has created a popularity and dominated in the forum and has captivated the minds of people here.

You are right @Samlucky O, continuous change of the heading in the OP wasn't necessary at all but however, sometimes a thread can be moving away from it's original contents in the OP or from the topic of discussion then the OP can decide to change the topic as times goes depending if users making replies are starting to digress from the initial topic of the OP but in this regard, the numerous editing of the OP are all in line with the discussions in this thread even though it wasn't necessary, hence there is no cause for an alam inasmuch as our discussions here is not deviated from each changes made by the Original poster therefore i move the motion that the debate of OP changing the topic of discussion should be put to an abrupt end so that it doesn't distract people from making further discussions on the purpose in which this thread was created. My humble opinion

@richbase you have made your point very clear which is quite understandable, but you also need to pay attention to what the op of this thread said in his statement earlier, he said that the reason he changed the topic of this thread to buy Bitcoin and hold was that, recently in this thread, it was made clear to him by we, the participants of this thread that the DCA accumulating strategy was way better than buying only the dip, so that's why he changed it to buy Bitcoin and hold.

But I really buy the idea of what @amicablecrypto said, he said that the dip needs to be part of the discussion, so it wouldn't be nice if it was taken out of the discussion entirely, and I also share the same sentiment with him, the floor of discussion should be open about buying the deep and buying through the DCA accumulating strategy, then it will be left for you as an individual to choose which one that suit you the most