Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Bitcoin, and HODL!
by
Wind_FURY
on 26/06/2024, 07:01:31 UTC
⭐ Merited by JayJuanGee (1)

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.


I believe it was,

Re: Buy every dip!
Re: Buy every dip, and HODL!
Re: Buy the DIP, and HODL!


Then the latest, Re: Buy Bitcoin, and HODL!

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)...  

You surely have argued quite convincingly in the past that there still could end up being times when buying the dip may well be better than DCA'ing, even though I continue to argue that buying the dip mostly becomes better when someone has already accumulated a decent amount of BTC (whether that be through lump sum, front-loading or just having a decent amount of time already in the market in which they might have accumulated a decent amount of BTC stash or even be in a position of over-accumulation compared to the rest of their finances and/or psychology).


OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured of it's merely a title?

¯\_(ツ)_/¯

Changed.