Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 13/09/2024, 05:59:06 UTC
[edited out]
Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.
Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy,

But you may have missed the point, ser. Because those people who would be more comfortable in buying the DIP would have already bought the DIP.
How would you presume that I missed whatever point you were attempting to make without much clarity in regards to what kind of person you are talking about, and your further attempts at clarifying are also not very helpful because they are vague and they still seem to emphasize vague and even seemingly dumb strategies that involve waiting for the dip.

There are a lot of ways that people can start out in bitcoin and surely their particulars circumstances will make differences, including if they had already been buying BTC, whether they bought bitcoin on the dip or they bought bitcoin at some other time.

I think part of the justification for not to be changing the name of the thread is that you cannot get "buying the dip" out of your head as if it were subliminally a preferred way of establishing a stake in bitcoin, and surely I have no problem with buying dips or incorporating buying the dip into some of the BTC accumulation strategies, especially if buying dips does not end up involving way more waiting for dips (which is not a great strategy) rather than actually buying BTC on a regular basis (which is likely a better strategy for most people).. so surely part of the dilemma that anyone has is to figure out the extent to which he is going to be content if the BTC price ends up going up rather than going down, and if the BTC price ends up going up, has he come to a comfortable point in his BTC stacking journey that he is not regretting for not having had bought more at the lower prices, and so if someone is sitting around and allowing fiat to stack up because he is waiting for a dip, then he likely is not employing good BTC accumulation practices, financially or psychologically... even if you want to suggest vague notions that people can do whatever  they want, and most people when left to do whatever they want, end up not doing anything.. .which ends up damaging them in the end, even if they were doing what they wanted to do.  So investment in bitcoin is likely more of an active an proactive kind of behavior rather than a waiting around strategy, even if you seem to continue to enjoy to promote your buying on the dip waiting strategy.
No one made a "justification" on whether an individual should buy the DIP, or DCA, or both. Or whether an investment strategy is better than another investment strategy. Simply, merely choose the path that makes YOU comfortable in your investments.

Would that be a mistake?
¯\_(ツ)_/¯

You are almost always describing some fantasy in which it might be nice to have some dry powder for buying BTC dips, since you are claiming that kind of a strategy to be more advantageous for guys who are poor, blah blah blah.  Part of your justification has historically been that poor people need the advantage of getting more sats for the amount of little money that they have, so they cannot afford to be buying more expensive BTC and getting fewer BTC for their fiat.   

I doubt that any poor people are advantaged by such a strategy rather than regularly buying and not trying to guess if the BTC price is high or low or whatever, and absent some special circumstances that maybe you might describe to be present, as soon as such poor people figure out that they are authorizing the amount to be put into BTC they should buy right away or budget it for each week until their next authorization rather than saving it for a dip that may or may not end up happening..

Furthermore, I gave you a specific example of a hypothetical person who had already been buying BTC for 3.5 years, and I described his budget (more or less), and in that regard you could attempt to grapple with the reality of actual specific facts rather than maintaining vague assertions about "it all depends on the person blah blah blah".. well I described you the person and the financial circumstances of such person.. and you are free to even change some of the facts within reasonable parameters if you might be trying to make some kind of a point regarding how the guy might be advantaged by some kind of a waiting strategy rather than continuing to buy $100 per week as he had been doing and seems to be in his budget, and it seems to me that DCA is a pretty fucking good way to be making progress and taking action every week no matter what the BTC price (yeah sure, he might manually structure his buys to try to buy dips within the week, yet every week he is most likely best off to just buy BTC with his $100 and without fail), as compared to waiting around for possible longer term dips that may or may not come, even for this particular hypothetical guy who had started investing in BTC more or less during a bullish year.. and close to the 2021 top.

Give it to me.  Describe some parameters in which it might be preferable for such a guy to fuck around with waiting top buy BTC rather than regularly investing and buying BTC every week and not matter what the BTC price in the next 4 years or so.. go on tell me for the next 4 years what the guy should be doing that might be better than buying every week with his $100 budget.