Topic: Buy the DIP, and HODL! - page 100. (Read 121995 times)

What you said is not that bad, but I totally disagree with what you said, which is Bitcoin is absolutely risk free, which in my own opinion it's misleading, especially to someone new or a total novice, I know that due to the potential of Bitcoin, most times people forget their self and get carried away just as you are doing now, but I want you to take note to the fact that Bitcoin investment is as risky as every other investment out there, so don't think that once you invest in it, you are 100% sure that you will be successful.

DCA is the best way to accumulate bitcoins at different prices, this allows us to vary the price we buy over time and this is one of the most widely used investment examples because buying all at once feels like it would be hard for us because we don't have a lot of money to do that.

Actually, even buying at once at a price of $66K then the price drops to $40K is nothing to worry about because you buy in a lump sum for the long term then bitcoin will definitely go up again so there is no need to worry about this.

That's DCA beginners and old investors still use it the same as the opportunities that we do, therefore this is just instead of waiting for uncertain prices unless they buy at any price no matter the bitcoin for a period of 5 years then it is clear that the benefits will be obtained later.

Yes I totally agree with your opinion, Bitcoin is absolutely risk free in terms of holding. Because a few days ago Bitcoin did a dumping, many people may have sold their holding because they thought it was a high risk. But those who held and still bought,  they already got them back and because they invested more during that dumping, they got more returns. In that case it is understood that for them it was not a risk but it was an opportunity. Because Bitcoin has already recovered, and this happens all the time, we can definitely profit from Bitcoin if we can fully believe that no matter how much Bitcoin is dumping it will be pumping. Because Bitcoin has come this far today. And its current price is above 66K. Hopefully it will cross 70K again very soon.

These are now common suggestions heard everywhere. DCA is definitely a good strategy.

But we can follow the market and make various predictions to understand the minimum price of Bitcoin can fall to USD so accordingly we can create many Dip positions and when the price of Bitcoin reaches that price we can buy Bitcoin according to our financial condition and ability to invest. And if we can hold them for long term then it will be very easy to make good amount of profit.

No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term

Yes, price fluctuation is the nature of Bitcoin, Bitcoin has been a highly volatile coin since its inception. A look at Bitcoin's history shows how volatile it is, but no matter how much it fluctuates, from time to time Bitcoin shows a pump and breaks all-time highs. So fear not, no matter how much it dumps, in time it will definitely cross 120K with one pump. And at that time, those who panicked and sold holds during the dump will regret it. So believe in Bitcoin, and no matter how much the price goes down, you just keep buying and holding. Holding Bitcoin is risk free, and selling on fear is high risk. So hold without fear, there is no risk in holding, rather it will give you more profit.

Yes, DCA is the best and most profitable way to invest in Bitcoin. Always consider investing in DCA. If you are disciplined and invest regularly on a weekly basis, it will become more profitable for you. Make a plan for the long term, (at least 5 years). You have to decide that during these 5 years or more, you don't even think about selling your holdings, you just have to buy, no matter how much the price goes up or down, you have to buy regularly on a weekly or monthly basis, market pump? buy, market dump? Buy more and it requires you to have at least 2 sources of income, so that if one source of income is somehow lost, you can continue your investment with the other. And definitely keep some money in cash aside for emergencies. In short, regardless of the situation, you will continue investing and holding. Then you will see that after a long period of time you will get a much higher return than what you expected.

Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio.
However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.

Of course expecting a higher returns from your investment in the future totally depends on the size of your portfolio, which is why I always tell people who always talk about buying only when they see a price declined of Bitcoin before they invest to stop that method because for someone who has intend to hold for a long term it will be a very sad one if somebody was able to hold Bitcoin for years and when the time will come for harvest there investment portfolio will be too small to yield much profits, so perhaps this is actually the best time for people who depends on the price decline of Bitcoin to stop that method and start focusing on DCA investment because for me I consider those people who only wait for price decline to buy as a waste of time especially those who invest little amount of money because even with several years of investment they may not even have a good stash on there portfolio. Though don't misunderstand me because I'm not saying that buying at dip is totally wrong but in other words those who doesn't have much money should consider DCA instead of following those who only invest with a larger amounts at dip.

The good thing about it is that if eventually it happens the way they plan it to be it will actually increase the mass adoption of Bitcoin and those who never believed on Bitcoin will realize that the moment they need to change there narrative has come, so of course it will create more value in Bitcoin so like you said if truly those things will happen, being more consistent on investing on Bitcoin now would be advised.

Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.

As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.

I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?


That's alright, it doesn't truly affect my mood, especially not now. Perhaps if Bitcoin actually crashed back to $3,000 I would be very annoyed by the smallest comments. Haha.

The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.

The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.

Your narrative seems to be some kind of a way of complicating the true definition of the DCA strategy, in a simpler form the DCA strategy allows investors to make purchases of Bitcoin irrespective of price point at different intervals which could either be weekly or monthly based on your income flow and financial capacity. Additionally the DCA strategy encourages inexperienced investors to be in the market without much of the knowledge and learn more on their way up while already in the market with Bitcoin in their bag, another important thing about the dca that makes me happier is that it allows you to invest only the amount you are comfortable with (your disposable income after ensuring that you have taken care of whatever might have been considered to be your basic needs with a provisional emergency fund which is every important in life generally, the  DCA has nothing completely to do with trying to time the market condition before buying Bitcoin, the relevant of the dca strategy are too numerous the reason it dominates the thread of discussion and moreso consistency is should be a watch word for the dca strategy which anyone coming into Bitcoin investment should know since it takes fewer and fewer of Bitcoin in order to get up to a reasonable size of Bitcoin.

Using the DCA method to invest in the long term I think is not because the price of Bitcoin continues to move quickly or the price of Bitcoin is very volatile as you said, but more on people's choices or limited money to invest so that the DCA method is quite good to do buying slowly with the existing ability without disturbing other personal finances, so investment will be safer if using money that is not used in everyday life.

It all goes back to the initial planning, if to invest in Bitcoin for the future I don't think much consideration is needed but for a plan to take advantage of a certain amount requires a lot of calculations and market alliances.
Now we are talking about investing for the future and using the DCA method to collect it, I think it won't be difficult, do it and forget it until our future will benefit.

I think what @JayJuanGee is trying to say is that you shouldn't be certain about your assertions that "there's no need to wait for a DIP anymore" because even if Trump's Bitcoin strategy reserve influence the price of Bitcoin positively and also cause an increase in adoption all over the world since a lot of countries will want to follow the step of the United States but that doesn't mean the price of Bitcoin may not DIP anymore, remember there are many factors that attributes to the price of Bitcoin going up or down. Even if Bitcoin gains full adoption it doesn't mean the price cannot fall again at some time so we shouldn't be too confident that if Trump wins the upcoming United States election and Bitcoin strategic reserves becomes a reality that the price of Bitcoin will not DIP anymore. If you assumes that then possibly you are giving us the impression that Bitcoins price movements is dependent on political influence which is not true.

About your predictions in the past, @JayJuanGee has already made it clear that he just said it for funzies after all every one of us have made wrong predictions in the past since we only speculate the price of Bitcoin but we can never be certain.

I think, DCA is a good method many investors are using to accumulate Bitcoin in their portfolio, because they can use any amount of funds to purchase Bitcoin and hold for long term before they can sell to increase their capital that will make them to purchase more of Bitcoin in the future. I have tested Bitcoin and other cryptocurrencies investment, I came to discovered that Bitcoin investment is the best investment investors need to give serious attention to, because Bitcoin price makes other cryptocurrencies price to increase when there is a bullish season which is the season for investors to accumulate income from the market. Yes, I thought about that few days ago when the price of Bitcoin hit $70,000 which is the reason investors don't need to purchase Bitcoin now, because the price is too high for investors to purchase huge amount of Bitcoin, but if they can wait for the price to decrease back to $40,000 before they can purchase, I think it will allow them to achieve huge amount of Bitcoin.

I believe you actually in the right thread for wanting to get such knowledge about investing and investments on Bitcoin. One of the advice would be to continue visiting this thread, you can't learn all in one explanations or theory, it happens with time.

The DCA (Dollar Cost Averaging) is an investment procedure/strategy/approach mostly used independently or along side other strategies which involves the accumulating of Bitcoin at regular intervals, in respect to one's financial stand or just a likeable policy. The DCA approach seems a lot more convenient and profitable in this case because you get to buy between the lows and high without being worried. The DCA is always a long term process, so getting involved in it should signify the presence of consistency purchasing and being likely to keep holding without any unnecessary reasons to sell off, because DCA aims at creating a safe space of investing with the right amount and at the right moment without facing any financial issues, as everything would have been earlier sorted from the income and part kept as reserved funds and then the rest which is used on DCAing.

Because the Bitcoin market is known to be very volatile, it allows investors to use the DCA method to invest in the long term by buying Bitcoin regularly. This method will not work perfectly without being accompanied by financial, mental and patience readiness. The funds used should not be used for other needs in order to be ready to withstand shocks in the market, investors must also have a mentality that is ready to withstand emotional turmoil when the value of Bitcoin continues to fall and patience in investing is needed because the situation that occurs in the market is not always smooth as imagined.

Investors certainly do not want their money to just disappear, there are always efforts to find ways to keep the invested value intact and get profit from the investment. In investing you must be able to think realistically, never get caught up in market conditions and assume prices will continue to rise. Now that Bitcoin is starting to trade at a slightly higher price, you should be patient and wait for the price to drop, when you buy at a lower price, your money is not tied up too much if the price goes lower because you can activate the DCA strategy afterwards.

I'm merely speaking in hypotheticals, ser. Because if Trump indeed creates a Bitcoin Strategic Fund, and considering the actual nature of Bitcoin - attributed to its design, do you actually believe that Russia and China will simply ignore that? Has Bitcoin no technical merit to become something much larger in the coming decade?

I don't know, but if Trump wins, and his Bitcoin Strategic Reserve actually causes other regions in the world to follow the United States in purchasing Bitcoin, it will not matter what I said in the past.

In simple words, DCA is a strategy on how you invest in Bitcoin. It's how you accumulate like you buy everyday with $10 worth of Bitcoin or with any amount you're free to do it, anytime.

Whichever amount you invest but you have to do it consistently. And it's perfect for you as you've said that you can't invest huge amounts, so this is a good strategy for you.

It's like you keep on saving but on the other hand, you're buying Bitcoin at any amount you're willing to do it and do it continuously everytime you have extra money.

The method of investing in Bitcoin doesn't really matter whether DCA or not and they are both good options so it's left for an investor to choose which one is okay for him. I understand what you are actually saying but I don't think DCA mostly work for someone that wants to hold Bitcoin for a very long time because even short term investor and some traders use the DCA method. Buying Bitcoin now or DCAing will be very nice but i want you to understand that  even if Bitcoin hit one million dollars the DCA will still work just that the ratio is going to be very small depending how much you are DCAing sha... in other words there's no perfect time for buying or DCAing provided Bitcoin doesn't have limit it can go. If you say now is the perfect time to buy Bitcoin what about those who are not yet born or those people who will get to know about Bitcoin when it will be like $500k? Will you say they have missed the perfect time also? Just an assumption.