Re: Buy the DIP, and HODL!

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My fellow plebs, it's very important that to those who are left among us to keep HODLing Bitcoin. Retail HODLers have been going down and it's going negative week on week, month on month, then later - YEAR ON YEAR. The institutions have definitely come and will be willing to take your Bitcoin away from you at ANY price. MAKE IT EXPENSIVE FOR THEM - HODL.

Holding and continuing to buy is likely a much better way forward in order to continue to reinforce the ongoing accumulation of bitcoin, especially no low coiners who are in their first cycle or two of BTC accumulation.

What are your shower thoughts for that graph, JJG? Retail accumulated a lot of coins and had higher combined holdings of Bitcoin from July, 2022 through Jaunary, 2024, then the institutions started accumulating and now have more holdings than the retail/pleb investors.

Will that institutional buying surge continue, or will we see another surge for retail buyers during the next cycle?

Your interpretation seems reasonable in terms of institutions seem to be coming into bitcoin BIGGEDLY in recent times, and surely each of us who knows about bitcoin likely needs to continue to accumulate bitcoin to the best of our abilities since we do not know the future and bitcoin prices could continue to go up and then if we wait until later, we may well have to pay more to get bitcoin. Accordingly, BIGGER players seem to be coming in and sucking up the bitcoin supply which seems to continue to cause upward pressures on the BTC prices.

We should always be trying to protect ourselves, which I have frequently attributed that to needs to be ongoingly persistently, consistently and perhaps even aggressively buying of bitcoin, whether the graph supports it or not.

We already know that in a zoomed out to the maximum view of the Bitcoin chart that it's only going up, knowing how the Federal Reserve and the world's Central Banks will NEVER stop printing money. 👀
- Because of that, I may need to go against my "pleb-nature" and set up another cold-storage wallet just for DCA. I wouldn't like to have the feeling "that I don't own enough Bitcoin". DCA would psychologically help me with that.
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In some sense, even if you had been whimpy in your bitcoin accumulation at various points along the way, you still likely have way overaccumulated as compared to folks who either refuse to get into bitcoin or perhaps similarly situated persons who ended up trading rather than accumulating and holding.

It's probably just greed, and a little feeling of FOMO when I read all of the bullish information being posted on X. Plus as a personal "rule", if I have more than six to seven months worth of monthly expenses saved, the rest I should invest. But everything I like, like Bitcoin and Gold, looks "expensive" now. The only strategy to do is DCA during the current market condition.

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I will agree with you that it takes a long time to really get to a point that you have enough BTC or more than enough BTC, and sometimes we erroneously come to the conclusion that we have enough bitcoin, when we do not.. .. and so in that regard, waiting for the dip can be dangerous, and if you figure out some reasonable way to do some DCA and also save for the dip (that might not come), then at least you would have had hedged.. There are likely still going to be a lot of folks similar to you who had failed/refused to act to accumulate bitcoin.. even going back to 2019... and of course, I criticize you for the period between 2016 and 2019, yet at the same time, we cannot turn back the clocks.. and we just have to figure out what we are going to do from here on out and either put some kind of plan in place that we consider to be reasonable or perhaps to tweak whatever plan we had in place and start to act upon such tweaked plan arrangements.

Only you are in a position to determine how much of a budget to allocate towards DCA and how much to allocate towards buying dips that might not end up happening.

It's not merely about "not having enough of Bitcoin". It's also because holding cash as savings would go down in value.

Having a lot of bitcoin takes a lot of time to achieve which we all know all of this scenarios, People who doesn’t have knowledge about bitcoin and people who don’t have interest in anything about bitcoin would prefer holding cash and having money in the bank because they’ll feel that bitcoin isn’t safe for them, sometimes you’ll have to understand that you can always have a lot of bitcoin in place and to accumulate a good number of bitcoins doesn’t just depend on having a discretionary income but just to have a stability and sustainable strategy to be able to accumulate and have a good number of bitcoin. I will agree that it might take along time to build and stack enough bitcoin which depends on our financial capabilities.

Sometimes we might want to think and conclude that we’ve a very good amount of bitcoin but equally we might also realize that we’ don’t have enough as we think considering what amount someone must have accumulated enough bitcoin in a short time interval, some folks it doesn’t take them a full circle to have enough bitcoin in their portfolio because they believe they can invest with lump sums and try to accumulate their bitcoin in a short while, and I also think that there are people who might not even accumulate enough bitcoin in one full circle because they might not be consistent with their accumulation or probably they must have been accumulating little by little and it will take like two circle to have enough bitcoin in their portfolio