Topic: Buy the DIP, and HODL! - page 101. (Read 129983 times)

courage to invest for how long without understanding what they are investing on.
Many know how low risk DCA is but how many go through it.
We engaged in DCA because we understood the potential of the project
No prior knowledge or having just a surface knowledge would make the newbie prone to blog shenanigans.
Many would even sell in loss rather than buying the dip.
DCA comes from understanding the future of a project.





we humans first before been investor
We sometimes question our decision and facts even when it's looking at us right at the eyes.
A friend bought Bitcoin at $62K and sold around $58K despite my warning
To get the newly listed Dogs
Cut story short he has realised that 5% in bitcoin is 30% in shitcoins.
What am trying to say is
DCA should be done based on personal capacity both financially or emotionally
Buy based on a price and amount you comfortable with but make sure it's not a once or twice accumulation but continuous
Either based on time,Dips or spare/idle funds at hand (personally use this)  
Yes you can stash in dips doesn't mean you should go all in during a dip.

Dollar Cost Averaging method invests as much as you can afford i.e. you can start with a small amount even if you don't have a huge amount of cash. Investing does not mean investing all the money you have. One thing is true that we need a certain source of income or funds before investing. Whenever you have a fixed source of income, you can easily meet your needs with the money you earn from it and continue your investments comfortably with the reserve money.

Moreover, reserved funds play an important role in investment. Because if you have enough funds for investment then no matter what happens in the market you will be able to keep your investment active by buying bitcoins regularly.

Good consistency and determination towards something will arise when someone is really focused and sure about what he will accumulate in every week and even in every month without caring about market conditions because the target and goal are clear enough (DCA in the long term). Everyone does need to have a good plan for whatever they want to do and must also have the desire to make it happen over time because collecting Bitcoin slowly always requires time and more consistent focus from ourselves individually.

Right. You need to stand on your two legs in order to go into the DCA method first It's not a formula to become a millionaire in a month or so - anybody who has such "signals" or plans won't be able to achieve them, usually.
It's about consistency and determination to accumulate no matter where the market goes.

The important point of DCAing is that you have a permanent method of depositing bitcoin in any price trend where you can do it regularly and uninterrupted. The price of Bitcoin keeps on rising and it tends to dips for occasional corrections which can accumulate more Bitcoins for the same amount of dollars. Basically you shouldn't try to follow the DCA method just in expectation of dips, you should have the intention of stashing Bitcoin for the long term. When you get the expected bearish then you should be an attempt to make a single buy to accumulate more stacks in a shorter period of time.

A new investor doesn't need to explain much about investing if an experienced investor tells him about DCA investing at the beginning. 

A new investor's biggest fear before investing is how they will invest and whether they will lose all their money after investing. It can be seen that many investors are afraid to invest but if we tell them about DCA investment and the low risk in this investment strategy then they will have the courage to invest. So far most of the investors who have adopted the DCA strategy have found this strategy to be an acceptable strategy for investing. Everyone from a new investor to an experienced investor and from a wealthy investor to a middle class investor now finds DCA investment strategy as the best for investing.

It’s advisable no one should go all in at once when investing rather use what’s available. No one can actually brag about their income being able to sustain them till whenever because anything can happen at anytime, there’s a saying don’t put all your eggs in one basket and it’s similar as when an investor try to put everything in bitcoin without considering a backup fund. Sometimes when people mention aggressive buying it’s either they have the sufficient money to buy aggressively from their discretionary income and still save some reserve funds or else the investor need to reduce the level of aggressive buying. Let’s note that our investment will take so much time and we don’t want to be in any stranded situation to an extend of using our investment that’s why it’s advisable we use discretionary income (money we can afford to lose).


It is believed that bitcoin will do more of an uptrend movement than downward movements in the coming years. Let's say 10 to 20 years from now, so investors who invested in bitcoin now and successfully hold their bitcoin till then, sand a better chances of making fortunes from their investments.  If by chances an investor kicks the bucket as you have said, your bitcoin investment can be of benefit to your children. Your children and grandchildren will be glad that you made sacrifice for them by securing their financial future with your bitcoin investment.

Huge portions is not a mandatory and that's very true, thus I don't think using the DCA approach to buying the DIP could meet up sometimes (you can't predict how long a Dip could last)...not saying it's not good but if you can get a Dip while DCAing then do it or you can just let it be with just your DCA entry luckily you might even get a more Dip entry. Instead of that approach then maybe splitting available funds for the Dip can be done, you don't necessarily need to wait for a particular  interval to get it just buy as the Dip gets deeper (the current market is a good example)

Even if someone have a steady source of income, it is never advisable to put all your available funds in bitcoin. Rather a fraction of your disposable income is expected to be invested in bitcoin. Often times many investors makes this mistake. Because they have a source of income which they believe will last for long, they tend to be more aggressive with their bitcoin investment. I know there could be several reasons that might make an investor decide to be aggressive with their investments, but no matter how aggressive one might tend to be, never invest all of your available funds in bitcoin, simply because you have a source of income. It is a wrong approach, because anything can happen at any given time. As much as you are building up your bitcoin portfolio, you also need to be stacking up cash reserves.

It is believed that bitcoin will do more of an uptrend movement than downward movements in the coming years. Let's say 10 to 20 years from now, so investors who invested in bitcoin now and successfully hold their bitcoin till then, sand a better chances of making fortunes from their investments.  If by chances an investor kicks the bucket as you have said, your bitcoin investment can be of benefit to your children. Your children and grandchildren will be glad that you made sacrifice for them by securing their financial future with your bitcoin investment.

There will always be problems to solve in the life of a Man, that's why it is advisable to plan our finances ahead of time, and know the portion meant to be used and solve problems. That's why the DCA method is there, it gives investors the flexibility to solve their problems and still invest in bitcoin. DCA method is not that capital intensive, as it makes room for investors, irrespective of your financial capacity investors can do it with as little as they can. It is not a good idea to miss out on bitcoin because we are solving problems and problems don't end. $5 invested weekly through DCA is something. It is better than someone who keeps procastinating to a later date, without taking action.

Agree with your idea, most likely those who have achieved great success in investing in their old assets will easily understand the concept of how they continue their positive trend into their new investment (Bitcoin). One of the advantages they have is their experience in managing their financial management for investing and for their living needs. From here, of course, their steps to invest will be neatly arranged with the strategy that will be implemented, there may even be more aggressive steps if their level of focus grows along with the investment in bitcoin.

I am amazed by your investment journey, maybe it will be a fairly useful description for us. One of them is to stabilize the level of purchases on a more routine scale compared to our journey in previous investments. For me, maybe I will also consider saving on living expenses in order to be able to buy more bitcoins with the previous stages. Of course, I really need that adjustment to increase ownership when I get better opportunities. Another important concept that I focus on is considering the decision to include a larger budget if one day I get a lot of income from my place of work, maybe it's a severance pay or other bonuses. I want to dedicate this investment to my children when they grow up (that's why I consider if the 10 year stage is reached I will make a decision to continue to the next year or 11 years.

You took advantage of a great opportunity at that time, aren't you a very lucky person. Even I admit of course in 2013 not many people in this world made big investments in bitcoin. You made an investment that changed your life for the better and I really want to do it and this is what I have processed in accumulating bitcoin every week.

Reserved funds are primarily the back bone of every investment, most especially this on Bitcoin investment while DCAing, anyone who ignores the essence of keeping aside this funds will be face with an irreversible later challenge which poses a threat to the investor. The DIP is an important part of the market, taking advantage of it is a considerable option but doing excessively(aggressively) can puncture the availability of those funds when highly required to solve critical expenses.

It is also not mandatory to purchase huge portions of Bitcoin at every DIP, since DCA approach can aswell be done during the DIP and is said to be the safest as is not by chance imposing a threat to daily expenses since it is done according to budget in respect to what we have in our reserved funds.

I get your point, but if one actually have some nice amount of money he or she can use to go all in like a form of lump-summing to give their accumulation some nice boost , they can actually go for it without them overdoing it like using their emergency funds. Reserve funds is not all about going all in though , one can choose to spread his reserves funds when. Purchasing, incase there's a further dip .

For instance I have $50 as a reserve funds I can choose to break into $10 , So bitcoin price was around $65k then dip to $62k , i can just purchase $10 worth of bitcoin , leaving me with $40 then I Will purchase again if any dip occurs with $10 from the remaining funds till the $50 eventually runs out.

I think you are having a wrong interpretation about this reserved funds because it's not only when there's Dip one will use it to accumulate more Bitcoin NO it can also be use for other obligations outside Bitcoin investment. Secondly, it's not just about having a reserved funds but rather how well can you be able to make good use of it.  and investing aggressively is putting oneself into a mess because once you got carried away by a Dip, you are spoiling your investment unknowingly.

That is why we have the DCA method which you don't need to struggle or force yourself investing bitcoin with all the money you have. One of the most important thing about investing bitcoin is for you to have a steady source of income which you can depend on, then after you might have settle your needs and and keep a little reserve for yourself, you can also think of accumulating any amount of Bitcoin that you can afford with DCA method of investing.

Using the DCA method to invest bitcoin you shouldn't be struggling to invest bitcoin because it is not a must that you must invest a particular amount of Bitcoin in a fixed time, it is something that can be done whenever the money is available.

Well, we can monitor our investment as it goes, and try to determine if there might be some reason that we might want to change our approach to the investment, so I am not even saying that there are not a lot of uncertainties, since anything regarding the future has a lot of uncertainties in it.

At the same time, we can recognize bitcoin as a good investment when we start, and we invest according to what we know when we get started with our investment into bitcoin, yet I doubt that very many of us would spend years and years studying bitcoin or even knowing it very well prior to getting stared investing into it, so we may well start out with a tentative premise that bitcoin is a decently good place to put value as compared with other places that we might want to put our value, yet as we continue to invest into bitcoin then hopefully we continue to study it, and thereby try to figure out if anything material in regards to our investment thesis is becoming stronger or weaker or if we might need to change our BTC accumulation approach, presuming that it may well take a while to get through our accumulation stages.

Even with our not knowing the future, surely there are a lot of decently good upside scenarios for bitcoin, so surely some variation of the upside scenarios have good odds of playing out during  our time investing into bitcoin, whether that be 4-10 year or longer or some other kind of a longer term plan to stay into bitcoin and to reassess at various points down the road.



Sure, each of us who wants to invest, should be making some kind of an assessment of our choice to invest in bitcoin as compared with other places that we might put our value.  If we came to bitcoin and we already had various investments, then we can choose whether to sell any of our existing investments once we had chosen to invest into bitcoin, or if we might just add bitcoin on as an investment and to also keep our traditional investments.

If any of us might come to bitcoin without hardly any other investments besides perhaps a month or so of cash savings and maybe some other token investments, then we may well have to choose whether we want to just invest into bitcoin and buttressing our cash reserves or if we want to include other kinds of investments. Personally, I believe that that there is no need to start with more than just bitcoin and cash, yet I don't maintain the position that remaining in ONLY bitcoin and cash would be sufficiently comfortable, so guys surely have to figure out the extent to which they might add other kinds of investments into their investment portfolio besides just bitcoin and cash.. and if so when to do it and how to do it, and I am not claiming to know how to answer those kinds of questions for anyone else, even though some comfort can come to spread out to merely bitcoin and cash, especially once a bitcoin stash might start to grow to sizes of more than a year of expenses.. and I am not even sure of the exact threshold since some guys might want to diversify his investment after merely getting 50% of his annual expenses in bitcoin, and some guys might not mind keeping some relatively higher level of his total investment portfolio only in bitcoin and cash.

Part of balance of any investment, including bitcoin is that if the investment ends up having a real great outcome (meaning upwards price appreciation) we do not need to invest high portion of our wealth into it in order to be able to end up still being able to profit stupendously from it. That is part of the greatness of having such an asymmetric bet, since some folks invested aggressively and some folks invested whimpily, and as long as they mostly remained invested, through the years they ended up profiting stupendously... so we have similar choices from the present and no guarantees of future performance while at the same time realizing that each of us are able to choose our own level of aggressiveness or whimpiness in regards to our bitcoin and the future will play out however it might and we might see down the road the degree to which our bitcoin allocation decisions ended up profiting for us.. perhaps at least as good as other places we could have had invested, or perhaps outperforming our other possible investment choices.


Of course, there are always going to be opportunities to invest into bitcoin, yet it seems better to be buying bitcoin sooner rather than later, yet sure, each person has to make those kinds of choices for themselves, including but not limited to making trade-offs in regards to their spending to day versus investing versus spending in the future, and surely folks have differing timelines for which they need to account.

Delaying investing bitcoin or accumulating bitcoin has consequences, and each person can make those choices, and part of the reason that we ONLY have less than 1% of the world's population investing into bitcoin should help for guys to understand that we are still early to bitcoin, even though some people consider that as a sign that they can wait to accumulate, to be there seems to be some value in getting started sooner rather than later in terms of BTC accumulation, even if you might ONLY be able to currently start investing with $10 per week rather than $100 per week, and surely some times normal peeps have competing obligations for their money, including their own training, skills and money earning and building experiences.


I doubt that we can really say what others should do, since sometimes there can additional costs to sell out of one investment and then to put that into bitcoin, yet someone who has a fairly decent already existing portfolio may well be in a better place to invest more aggressively into bitcoin, since they already have their whole traditional investments, whether they had been investing 10-20 years or some other amount, some person who already has other investments is in a way better place to come out somewhat aggressively in terms of their bitcoin allocation strategy - even though they still might not want to incur the costs of lump summing into bitcoin (if they have to sell some of their other assets), so it still might take them a whole year or two just to get their BTC allocation from zero and up to 10-15% of their total investment portfolio.

When I got into bitcoin in late 2013, I already had an investment portfolio that I had considered to be sufficiently strong enough to be able to support me if my other various investments and income had dried up. .so I considered it to be more or less at entry-level fuck you status, even though I was not really living off of it.... so at the same time, when I started buying bitcoin in late 2013 and through 2014, I thought that I was being somewhat aggressive in my BTC accumulation, yet in the beginning 6 months and then extension of another 6 months of my plan, I allocated to bitcoin based on a budget that I had given myself for the 6 months and divided it by 26 (for the amount that I could buy each week), and then extended  another 6 months, so yeah, I was not sure exactly what my target was except for spending the budget that I had allocated for myself for each fo the 6 months periods, yet by the time we were getting close to the end of 2014 (so that would have had been a full year), I had somehow figured out that I had reached around 10% of my overall investment portfolio had been invested into bitcoin, so in that sense, I had concluded that I had largely accumulated enough.. and furthermore, I remember batting around some ideas about whether I might want to transfer some value from my 401k into buying bitcoin (which even though tempting, I ended up deciding against it based on my assessment that I largely had enough investment into BTC, and it took me a year to get there (which was 10%)).. .

Yet part of my problem was that I continued to invest into bitccoin through 2015 and 2016, and I ended up over accumulating (which largely ended up being around 13.5%-ish in late 2015).. which ended up NOT being a bad thing for me personally.. .but still a little bit of a decision to continue to buy bitcoin through 2015 and into 2016 even though in late 2014, I had largely assessed that I had already gotten enough.

Of course sir, I have to think wisely about what I have planned. As an investment that I am so focused on Bitcoin, of course I will direct all my thoughts so that the sustainability of this investment can successfully achieve the target. Indeed, if we count the years, of course 10 years is quite long, but if we live it, maybe it won't feel long because the level of consistency accumulates unconsciously, we have passed week after week.

The initial steps are indeed quite difficult, especially since some of them have to change their investment patterns in a new direction, I mean maybe person A is a rich person who has a lot of money and he only invests in gold and of course they need time to reverse their investment routine to Bitcoin. I even think they need a lot of guidance if they are quite new to Bitcoin. They have to think about planning and arranging many strategies before they are ready to start investing in Bitcoin.

Of course, if we look at the variability of profits in each investment, it will certainly be different because some start at $10, or they start at $50 or they have a lot of money starting at $1000 per execution every week. But that's not a big deal because whatever their profit is, they have definitely changed the direction of their lives when they reach the peak of their purchase or the final stage or the execution stage in 10 years of achieving their investment target in bitcoin. I think we are just grateful for everything we get even in the profits we see at some point in the future.

I think that could be true or rather they want to equalize their portfolio position with someone who invested in bitcoin earlier. But for me, of course I don't think in that direction because I started with a smaller level of execution, of course I won't target to pursue the same status as people's current ownership. I just made it a motivation to increase my enthusiasm to continue accumulating Bitcoin.

That's right sir, I continue to hold old investments and also continue to accumulate new investments in Bitcoin. Yes, the multiple profits may be seen when I reach target in investing in bitcoin. But with other people I certainly have no opinion if they want to switch their old investments to bitcoin because that's quite difficult to say. If they do that, it could be an amazing thing, right?

Regrets has already happened to those who had the opportunity to invest in Bitcoin at it's earliest days, seeing Bitcoin at what it is today surely they must regret ever not utilizing the such opportunity and that is exactly what is going to happen to as many who are yet to recognize the potency that Bitcoin holds now that they have the opportunity knocking at their door steps, Bitcoin is a moving training even though it can be slow the most important thing is that it is moving and i don't give a fuck about those who are belittling, refusing and failing to see the brighter light that Bitcoin has brought as one of the best if not the best digital asset class.