My Buy-The-Dip Checklist
Bitcoin price dips are inevitable, and folks who bought high invariably end up selling low. In this post, I walk through how Check the HODLer takes advantage of these opportunities to stack sats.
G’day Folks,
It may not feel like it right now, but it has been 5-months since the Bitcoin price traded more than -20% below its all-time-high.
The deepest correction we have had since mid-Sept-2024 was in late-Jan-2025 where we managed to tag -17%…which lasted for a few hours, before a rally kicked in and set a new ATH of $109k a week later.
Sentiment on the timeline is about as bearish as I have seen it for a while, and if I was to wager the cause…it probably isn’t because people hold too much Bitcoin…
The altcoin apocalypse continues to wreak havoc on the average crypto-punter’s portfolio, and it seriously shows.
To my eye, this bull market has been incredibly stable and resilient, and the drawdown profile tells a better story than I could in a thousand words. If we index the price to the FTX low, we’re also in the same spot we were before breaking the ATH of the last two cycles.
Folks who are bearish, either got rekt in alts, or have far too greedy expectations (likely both, as these two are often related).
With this in mind, it has been quite a while since we have run through the toolkit, checklist, and framework Check the HODLer uses for stacking sats. This means we’re long overdue for a refresher, so today’s post will cover the following topics:
A big picture assessment of the bull cycle so far.
How fearful the average short-term holder is right now.
Whether we have any signs of a local capitulation.
My checklist and tools I use to personally stack sats when the time is right.
To paraphrase Warren Buffett, ‘I prefer to buy my corn when there’s blood in the streets. I’m not greedy, I just don’t own enough'.
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