Quote from: ejikeme24 on Today at 06:46:48 AM

Quote from: JayJuanGee on Today at 05:20:03 AM

Quote from: Wind_FURY on Today at 04:46:37 AM

As I check Bitcoin's price and see that it has surged to another ALL TIME HIGH, I feel both happy and SAD.
Why?
Because the more it surges higher and higher from here, the higher possibility that we may never have the opportunity to buy Bitcoin below $100,000 again.

My next major Bitcoin purchase will be below $100,000 IF we are lucky to see it there again.

You should have regrets for waiting rather than buying, yet of course, when to wait and when to buy are personal choices.. and hopefully you were not sitting on too much cash waiting for a dip that did not end up happening.

Surely everyone is entitled to decide when to buy and when not to buy, is a personal choice since we weren't the one providing the money for them, but talking about purchasing when the value will drop to $100,000 are you sure if this will happen any time soon? Probably, probably, but I still doubt it if the value will fall below $100,000 anytime soon. Except you will have to exercise patient until this happens, I wonder how long you will keep expecting this to come...I just pray you don't end up regretting.

Yes. Wind_FURY has been frequently preaching this idea of waiting for dips, which many times seems to have had negative consequences for him, even though he refuses to admit it.

Sometimes waiting for a dip does end up working out quite well, but many times guys put themselves into a wrong mindset when they may well could have had made much greater progress towards reaching their BTC accumulation goals by having had regularly, persistently, consistently ongoingly and perhaps even aggressively been stacking bitcoin.

So, yeah of course, each of us has to decide our own balances and go through the consequences of our actions and/or our inactions.

For sure sometimes the BTC price ends up dipping great amounts, such as 30% to 60% or more, and frequently during those times we wished that we had more cash to buy, and we might even regret some of our buys at higher prices, yet each of us still has to figure out what kind of a balance that we are going to make, and surely there are some guys who set a regular weekly buy schedule and they might hold some amount (maybe 20% of that amount) that they hold on the side for buying dips, so that buying dip amount might grow and grow and grow in terms of what criteria (such as how much dip) might be needed before some or all of the funds would come available for buying such dips.

Each of us has to answer and balance these kinds of pros and cons for ourselves and be willing to live with the outcomes of such actions/inactions.

Quote from: ginsan on Today at 06:52:28 AM

We had plenty of time, say since 2015 if they were earlier, or since 2017 when the Bitcoin hype was all over the world. We had plenty of time to buy Bitcoin for half a decade and accumulate it at a low price. But what did we do then?

While most of us bought Bitcoin at that time, most of us also made mistakes. Mistakes are the best teachers, and we shouldn't repeat the same mistakes.

Now that Bitcoin is trading at its highest price, who wouldn't be happy? Certainly, all holders are happy and hope the price continues to rise to $150,000.

As long as we mostly errored on the side of ongoing buying and holding and not selling bitcoin, then we likely are in a good place today. Mistakes are made, and some mistakes are BIGGER than others..... so hopefully no matter our levels of mistakes we had come to realize some decently good BTC accumulating practices and stuck with them until perhaps we might get to overaccumualtion status or close to being at such status... then we might consider changing our BTC accumulation approach.

Quote from: G_Besar on Today at 11:40:56 AM

If good conditions like this continue until the end of the year, Bitcoin will certainly make more ATHs every month.

Bitcoin prices are not guaranteed to go up.

Quote from: Sticky Bomb on Today at 03:36:42 PM

Quote from: danadc on Today at 03:17:27 PM

Waiting for the BTCprice to fall to invest isn't bad, it's good to buy when it's cheap, but BTC keeps rising, Can you imagine it reaching $200k? I know it's a long way off, but BTC always surprises, I recommend buying gradually, using the DCA method, regardless of the price, but rather consistently.

Waiting for dip explicitly before buying is bad for someone still very early into his accumulation journey since he doesn't have a decent portfolio, he should show more dedication and seriousness by purchasing consistently, with commitment and even aggressively as is within his means. You can save funds separately to buy the dip when it presents itself and it shouldn't prevent your regular buys.

Let's imagine that bear season is next year or more, the investor relaxes and waits until then before buying Bitcoin while he has discretionary income? It's a big mistake and he would end up wasting a lot of time that he would've used to accumulate some good stashes of Bitcoin for himself and most times those wait times brings about negative energies and perceptions which might see the person end up not even investing at all, then when BTC gets very expensive, he starts regretting that he missed out because of procrastination.

Part of the problem in waiting for dips is that we never can really know if the price is going to dip or not, and surely there are benefits from buying bitcoin at lower prices since we end up getting more sats for the same quantity of dollars (fiat), so if we keep stacking and stacking and stacking, we can feel some benefits from any of the BTC that we bought at lower prices, yet we still have difficulties to know if the BTC price will go lower so we may well be better off to just keep buying regularly and making progress towards ongoingly building up the size of our BTC stash.

Let's say that every week we are buying $100 in bitcoin, and we are saving $20 on the side in case there might be a dip... So we might have some criteria for buying the dip in terms of how much of a dip and how much we will buy, but if our dip size does not happen after 3 months, then we may well have 12 weeks worth of dip money - ie $240 stacked up and waiting for a dip.

We could choose to modify some of our dip rules, and surely we have options by having that extra money building up, so we are not necessarily prejudiced by having the dip fund building up, so long as we are also regularly buying, and let's say all of a sudden we receive an extra $2.5k payment (like a bonus or we did some side work that generated the extra income), and so then all of a sudden we have an extra $2,500, which is equivalent to half a year of our DCA amount. So perhaps we can decide to buy right away with some of it.. perhaps 1/3 $733, add to our DCA with 1/3 $733, and maybe we decide to put the remaining 1/3 $733 in our "buy on dip fund".. so we have systems in place that we are following and we can adjust what we are doing from time to time and we can allow our BTC stack size and our existing practices to help to influence us regarding what to do and how to prioritize what we do within our own psychological preferences.