Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Odohu
on 21/03/2025, 14:50:16 UTC
You me or any investor who intentionally pretends to wait for the dip season is his not an long terms investor but just a gambler just as you have said waiting for the dip can indicate lack of commitment to consistent accumulation, relying on the prediction an waiting for the market downturn can lead to speculate and gambling rather than informed investing from long term investors sticking to consistent accumulation plan,regardless the market downturn helps you to be consistent and discipline.
I think you are being too emotional about this because I don't see how buying the dip amount to gambling. Do you even know what gambling is? Where is the risk of losing money in buying the dip that will make it the same as gambling? We I will give you a little history about my personal experience.

There was a time Bitcoin was stocked in a range popularly called "don't wake me up" then and the average price was around $26k. They we knew that there would be a major move but what was not clear was if there will be a dump before the major move or it will continue rising from that range so what many people did that time was to set buy orders at lower prices like $20k, $18k, $16k and so on base on individual choices. Lo and behold, the price dropped to below $18k towards $16k before it quickly reversed and started rising and got to $29k and upward. Those who succeeded in setting these limit orders were waiting for the dip and they got their orders filled. That is not gambling because assuming the price did not dump and continue to rise, they would have till used the same funds to buy, just that they will be buying a little higher which is not still a bad idea. I am not saying that you have to adopt this method, stick with the DCA method that is easy but don't call buying the dip gambling because even now there are people who have even kept like 10% of their investment money incase Bitcoin get to $74k. They are buying with the DCA method but that does not mean that when price drops they will not take advantage of it.
I think what he meant when he referred to buying the dip as gambling is waiting for the dip to happen before buying that's the major gamble, maybe he didn't state it clear to your understanding or you didn't understand him, buying the dip method is not wrong but what's wrong is waiting for the dip before one starts investing on Bitcoin, it's like gambling cause what if it goes the other way round and Bitcoin didn't dip as expected but pumped rather.
Perhaps I have a different understanding of what gambling is with respect to what you guys are saying. I understand gambling from the angle of the risk of losing money or taking unnecessary risk such as venturing into trading without being prepared or maybe you hear from friends that traders makes lots of money. These are the things I consider as gambling... the risk of losing your money is always there. You have not been able to convince me that using 10% of my investment funds to set buy limits at lower prices is gambling when I have 90% of the funds to use for the DCA method. I use hybrid system because I aim to make optimal use of every opportunity the market can offer to me and since I know that the price does not continue in one direction forever. So, setting limit orders at lower prices while continuing to DCA does not in anyway seem like gambling for me.

This is why i say people should understand the concept of what you are investing in first before investing in bitcoin, investing in bitcoin is a long term strategy not an problem solution solver used for financial crises that is why is it advisable before you start investing in bitcoin you need to be financial stabilable first in other to avoid exacerbating financial difficulties, when investing in bitcoin when have any financial crises the first thing that comes to your is to sell part of you accumulated assets which is not advisable to do.
One must not be very financially stable before investing in bitcoin. As long as you have a certain amount you can let go of  for some time ( which we always do) you can invest in bitcoin.
For a financially stable investor, you need to invest using the DCA strategy and always reserve a higher amount to buy during dips.( Buy more during dips -DCA + DIP). Don't always rush to sell, but selling a little fraction during boom and buying even more during dips is not a bad idea. Bitcoin is for the future and this future is not as far away as many think.
Your approach is mixed up and can and land someone in trouble if care is not taken. To invest in Bitcoin, you need to use only your discretionary income so that you will not feel any form of pressure to sell when you are not prepared to do that. Why will you be selling your Bitcoin when you see upward surge with the hope of buying back? That is not a perfect approach to me because you might end up entering into problem such as using the money for something else. I will always support buying and holing for long with no immediate plans to sell so that your mind will not be too fixed on selling.