Quote from: EclipseXcrypto on Today at 03:33:40 PM

Quote from: mich on August 05, 2024, 07:43:49 AM

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings.

What you are proclaiming to be true, "crucial" and very important and blah blah blah.. is simply not true.

There is no need to get all worked up about dips, whether you are a beginner or otherwise.

Probably a couple of the most important things when it comes to bitcoin is both getting in the game and getting started, and secondly staying alive.

So frequently there is a need to just establish a position in bitcoin and figure out some way to continue to build that position rather than getting all worked up about whether the BTC price might be up or down or sideways or whatever.

Frequently, you will find me recommending that persons who are in BTC accumulating positions to be as aggressive as they can be without overdoing it, yet before anyone can really even start to employ some level of meaningful aggressiveness when it comes to their own BTC accumulation strategy, they have to make sure that they are considering and putting into practice strong cashflow management practices, and yeah surely there are some folks who newly come to bitcoin, and they already have strong cashflow management practices, so those kinds of folks would be in a position to jump into bitcoin in relatively aggressive ways right from the start of their bitcoin investment/accumulation journey, as compared with someone who might come to bitcoin without already relatively strong cashflow management practices.

Buying on the dip is a more advanced technique than DCA, and surely just because some technique is more advanced does not signify that it is better or even more appropriate for anyone to do... just like using leverage or margin to invest in bitcoin is a more advanced technique, but it also is something that an overwhelming majority of folks should not even attempt to do, since if you do not know what you are doing when it comes to leverage and/or margin, then you are engaging in gambling, which seems pretty dumb, especially with such a pristine asset like bitcoin, which truly there are a lot of people in the world who likely need to get into bitcoin and to get some kind of price exposure to bitcoin, for their own good... but yeah, we seem to have something like around 1% or less of the world's population who have any price exposure to bitcoin at all, whether owning directly or owning through some kind of third party custody arrangement.

Quote from: EclipseXcrypto on Today at 03:33:40 PM

It's very necessary reserving funds for market dips it can be a very nice move.

It is not necessary.

The most necessary is just getting your finances in order and starting to buy BTC regularly, and yeah, if you have the luxury of already having had bought a reasonably good amount of bitcoin and you have your cashflow management in pretty good order, then you can consider and potentially employ buying on dip techniques (and/or hold extra funds in reserve for such).

Quote from: EclipseXcrypto on Today at 03:33:40 PM

By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position, that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

This part of what you are saying is not really wrong, except you seem to be describing such buying BTC on the dip techniques as if they were either the preferred methods or as if they were the most basic methods for accumulating bitcoin, which for me seems to come off as misleading, especially for newbies, even if your intention might not have had been to mislead newbies. You just seem to be getting overly excited about BTC price dips, which surely it is not bad to attempt to see dips in a positive light, but from my perspective you seem to be taking the excitement for dips a bit too far and even seeming to exaggerate the supposed benefits of buying on the dip.

Quote from: Jewan420 on Today at 05:05:45 PM

Quote from: EclipseXcrypto on Today at 03:33:40 PM

Quote from: mich on August 05, 2024, 07:43:49 AM

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position, that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present.

Personally, I consider the term "bearish" to be misleading.

Sure we are in a correction period, yet we are still in a bull market, so to me it seems to be problematic to use terms such as "bearish" to attempt to describe or characterize either a correction or a consolidation period that is taking place within a bull market...

but, yeah, folks do it all the time.. .. they throw around bull and bear terms when they are merely talking about likely to be shorter term movements within the market.. and such sloppy use of terms seems to suggest that they either do not know what they are talking about or they might be attempting to mislead (and/or to exaggerate rather than attempting to be more accurate and/or factual in their description attempts).

Don't get me wrong. Since the labels of bear market and/or bull market tend to be lagging indicators, frequently we could enter into new market dynamics, yet not realize that we had already entered into new market dynamics until much later down the road.. so surely there are plenty of us (including yours truly) who keep presuming that we are in the earlier assessed market status (in this case a bull market), but then end up being wrong and realizing (at some later point) that the overall market had actually transitioned from bull to bear (rather than merely going through a correction within it).

Quote from: Jewan420 on Today at 05:05:45 PM

At this time we can do our best to be aggressive in investing.

Perhaps.

Our aggressiveness is not necessarily based on BTC price moves, but instead based on the solidness of our cash flow management practices. We need to make sure that we have solid cashflow management practices prior to our becoming more aggressive based on BTC price moves.

Quote from: Jewan420 on Today at 05:05:45 PM

We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor.

I doubt that we transition into "whale investors" merely because we might have had some extra cash reserves to buy more aggressively on the dip.

Surely years down the road, we might be able to see that we were able to stack more bitcoin in earlier years due to the level of our aggressiveness, and maybe we ended up stacking 20% more BTC than what we might have had done otherwise due to our level of aggressiveness, yet I doubt that being marginally aggressive versus being greatly aggressive is going to make very much differences in the whole scheme of things if we might be looking back at ourselves after 10 years or more investing into bitcoin.

Sure, there are likely differences between whimpy and aggressive investment styles, yet you (Jewan420) don't really seems to be attempting to make that kind of a differentiation, and if you are attempting to make a differentiation between whimpy and aggressive investors, from my perspective, you are not really doing it very well, since you seem to be exaggerating the benefits of buying on the dip in ways that might be interpreted as devolving into gambling practices rather than really be attempts at sound, sustainable and potentially reasonably aggressive bitcoin accumulation strategies.

Quote from: Jewan420 on Today at 05:05:45 PM

Because this time gives you the opportunity to be aggressive in investing,

I still have some troubles understanding how any of us (including but not limited to newbie bitcoin investors) are going to be particularly advantaged by meaningfully transitioning into a higher level of aggressive bitcoin accumulation during dips. Sure we might already have some systems in place to buy bitcoin on the dip, yet if we have already figured out the level of aggressiveness that we had been planning to employ, then I cannot really recognize and/or appreciate why any of us should employ some kind of a practice of "upping" our level of aggressiveness merely because some decently large BTC price dips had ended up coming into existence (whether such dips had ended up being a bit of a surprise or not, if we had already had systems set up then we may well execute those systems if our numbers are hit, yet it seems problematic to be considering possible ways to change whatever systems that we might have already had set up.. except maybe sometimes, there could be some minor tweaks that might be employed without taking away the idea of having some spontaneity in regards to experiencing some BTC price moves that might not have had been expected).

Quote from: Jewan420 on Today at 05:05:45 PM

if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

From my perspective, you seem to be coming way too overlyexcited about the significance, meaning and/or the potential benefits of BTC price dips.

1) there is no real "proper" way to treat situations like this.. and either guys had plans in place to deal with BTC price moves that went beyond there expectations in the dippity direction or they didn't.

2) Either guys had a reserve fund that had abilities to buy on the dip or they did not, and if they did have a plan that involved a reserve fund, then they should have ended up spending some, if not all, of the money in their reserve fund for this particular dip. It is not easy to overly generalize whether a reserve fund should exist, how much a reserve fund might have, how far it might go down for the buying of dips and/or what the increments of buying on dip orders might be set. I am not opposed to the idea of someone who had not had a reserve fund for buying the dip to become motivated to establish such a reserve fund for buying the dip, yet as I stated
in my above response to EclipseXcrypto, the establishment and maintaining of a reserve fund is not necessarily as basic and/or required as either you or he seem to be proclaiming such reserve funds to be, especially for newbies who may well be in a much better position to be focusing on both strengthening their various kinds of back up funds and employing regular DCA buys (perhaps weekly) rather than getting all worked up about whether or not some kind of a meaningful (and arguably exciting and/or world changing) BTC price dip had taken place. You and EclipseXcrypto seem to be just getting way the fuck too worked up about the supposed significance and/or supposed benefits of buying BTC on the dip.