Topic: Buy the DIP, and HODL! - page 102. (Read 122008 times)

For investors following DCA it should be important to accumulate bitcoins even if the price is pumping or dumping. You are regularly accumulating bitcoins that grow over time and timing sales only comes from trading and making extra profits that may not be safe for your holdings. Your goal should be to continue accumulating a cycle or two or more cycle.
Deciding to sell Bitcoin during a bullish period may bring you short-term profit but can lead to a long streak of buying at expected price dips later on. Because the current market conditions are only seeing upward trend in prices and you should continue to accumulate. For example if you have been running DCA for the past one year you are continuously accumulating bitcoins at different prices and your portfolio is showing an average price in combination of different prices which is relatively much lower than the current market so if you can continue to accumulate for another 3 years or 7 years But you can expect massive profits along with the growth of your stash.

Investing in the Dollar cost averaging (DCA) method does not require us to worry about the Bitcoin market pumping and dumping. Because if we continue our investment using this suggested strategy then we may be willing to buy and deposit bitcoins at that fixed price regardless of the price of bitcoins in the market. This method is especially useful for those who cannot afford to buy a large amount of bitcoins at once but are willing to invest in bitcoins. Only they can invest in this method and buy bitcoins in small amounts and hold it according to their specific goals.

The advantage of investing in the DCA method is that your average cost will remain the same every time you purchase bitcoins for investment. That is even if the market price of Bitcoin increases even if the price of Bitcoin in the market is low. Currently, most crypto investors are using DCA to grow their investment portfolio by buying and depositing small amounts of Bitcoin on a weekly, monthly or quarterly basis.

That's because you misunderstood it all which is okay. I wasn't talking about regular investors buying bitcoin only when the price dumps to pump again, so maybe you need to reread the comment to have a better grasp of it than seeing it in the way you want to see it fit. I had to differentiate between the two types of investors in the market, those who are quickly engulfed by the market FUD and news (Mt. Gox sales and the Germany government sales of their bitcoin) which affected bitcoin price to deep, with some investors panic selling as bitcoin price kept on dipping below $55k whereas the other sets of investors which is the category of Ricardo11 were taking the opportunity of the dip to continue buying and accumulation their bitcoin portfolio. And for me, that's how every long term planned investors should go with their DCA, buying at both dip-ish and non-dip-ish times without fears because their plan is long term and bitcoin will definitely do better in a long term.

It can never be assumed that once the value of Bitcoin falls, the value of Bitcoin will not rise from there. We all have enough knowledge about the Bitcoin market and we have been knowing about the Bitcoin market for quite some time so we only need to have a tendency to take risks. What we are always nervous about is that we don't trust to invest when the price goes up because then we might think that the market has gone up a lot and the market will dump a lot again from that uptick. Again when the market does a lot of dumping then we think that maybe the market has collapsed and the market will only go down from this situation periodically. We miss many investment opportunities because of these two ideas. But to prove ourselves as an investor, we must accept all these risks and invest. If we always hold back due to the fear of loss then the right time to invest will never come to us. We have to time our investment at the right time only then we will be successful in investing

Your advice is not acceptable to me, because regular investors never invest after seeing dumping and pumping in the market. Investing in the Bitcoin DCA method Those who follow the regular DCA method only invest, and when the portfolio grows, they will sell the bitcoins again after a long time. 
You notice that currently the most difficult phase is those who are buying and selling Bitcoin outside the DCA system, now is the opportunity to invest in Bitcoin for the long term. You see a poor investor can never buy bitcoins all at once, so buying small amounts of bitcoins over and over again with this DCA method will definitely build up a large portfolio.

Exactly, and this is where most persons get it wrong selling their Bitcoin because of the little profit they have earned and hoping to buy back at a cheaper price or rate that is more like throwing your bucket of water away because the sky looks like it will rain and what if it doesn't rain lol... though it actually do work for some people at times... That is to say it's very rare. What is the need of selling Bitcoin when someone knows he/she doesn't have enough of it, I know emergency is one of the factors that initiate this act..., We shouldn't allow this " Buy the Dip" to confuse us reason because Bitcoin will/may never Dip to where you expect it before you buy that is why it's advisable to use the DCA method instead of waiting for Bitcoin to Dip before buying, we should take advantage of every opportunity we have because it's definitely going to worth it with time and the tools we need to carry out this properly is patient and discipline.

They can actually prevent to install fear in their mind if they help their self to learn. Also those people experiencing that feeling or scenario is engaging on trading that's why if they don't want to experience getting to much issues on their bitcoin maybe they should stop doing some trades. Its because if they can't handle this so much and have less or little knowledge on taking decision for sure that they end up losing.

We provably didn't see the best thing yet for bitcoin and provably there's more to come for this year. Also hopefully those people who can't afford to trade would realize that holding is more better for them than taking risk in trading. The drop price would really be an opportunity for people who hold but for some traders this scenario cause them heavy panic which result to creating mistake and it will cost them a lot of money especially to those who trade all their hard earned money which also not advisable to do.

I doubt that we are talking about taking profits in this thread, since that seems to be a trading idea.. and we are largely focusing on best practices when it comes to both accumulation and investing.

Surely, once we reach a stage of over accumulation and sustainable withdrawal, that could be referred to as "taking profits" even though the term "taking profits" does not seem right, and it seems incorrect, also in the way that you are using it to suggest that you are selling your bitcoin in order to buy back cheaper.. which is also not really what we are talking about or doing here.. yet anyone can do what they want, yet when it comes to the topic of this thread, we are not talking about that way of managing our bitcoin holdings.  In other words, you do not tend to employ a strategy to sell bitcoin in order to accumulate more bitcoin, yet once you have over accumulated, then you have more abilities to sell BTC on the way up, but it is not for the purpose of buying cheaper, even if you might end up using some or all of the sales from any proceeds to buy bitcoin when the BTC price drops.. but you still gotta get there first.. so "taking profits" does not seem like a good way of describing what we are doing here or the long term investing and BTC accumulation topic that we are attempting to focus upon in this thread and part of the reason that this thread is so valuable is partly based on the various ways that many of us attempt to differentiate investment from trading and what kinds of philosophies and practices follow from being able to both understand the difference between investing and trading and to attempt to act in accordance with a investing approach to BTC rather than employing or mixing investing up with a trading approach to BTC..

Actually, if the initial concept and plan is to wait then it is indeed no problem for those who do it because they have their own way but for me personally it is too tiring because after all with the conditions that I have built from the initial planning waiting is the most recent option that I will choose in bitcoin adoption. Not that it's wrong but it doesn't suit me because from the beginning I have bought in a way that is more likely to lead to DCA.

Waiting in the end will only make you focus on the price you want to have which may never happen again so instead of bothering to wait for an uncertain duration of time just because I want the price to be below, I prefer to buy without the need to see the current conditions whether it is about an increase or a decrease because as long as I can buy then I will still do it.

We are just getting started with the rising price of bitcoin and às an optimistic fellow I see a possible new ATH in the month of August. Am guessing a lot of those who out of market fud panic sold their bitcoin when the price felll dip below $60k would be in regret by now that the price has bounced back at almost $70k. There are always two different sets of individuals in  turbulence time's in the market, those who see opportunity and those who see problem with the market. It's only those who see opportunity like you that continued with their DCA strategy accumulating more portfolio before the price would surge back high because the investment plan is one of a long term for the bull run.

When the price of bitcoin was dropping down many people thought that was the end of the bull market and the price of bitcoin is no more going to rise. I know some investors that do not understand the market well might have sold their bitcoin due to fear of losing out but the price of bitcoin is up again.  We haven't even entered the bull market properly because the price of bitcoin will surely increase more than what it is right now. If the price of bitcoin falls it does mean we are going into the bear the market,  the drop in price should be an opportunity for investors to buy more bitcoin and not to be in panic to sell bitcoin because of fear of losing out.

I understand your point but I think there is no need emphasizing on profits taking for now because I think is too early to talk about it because without consistent accumulation there would not be any much profits to expect in the future, so right now the best thing is to focus on how to accumulate enough Bitcoin on your portfolio because that's the only way you can hope for a profits in the future, however we should also understand that even if we set a target of 8 years and above in regards to getting profits, you shouldn't be surprised that the 8 years will come and there will not be any tangible profits because of inconsistency on your Bitcoin investment, perhaps that's why we should remove our mindset from anything profits now because what matters now is our investment portfolio on how we can regularly accumulate and improve it.

That was actually a good move you did then, though so many holders invested a lot during that time Bitcoin price was low and still continues with there normal DCA, actually I most say that it was a good way to accumulate and enhance your investment portfolio because is obvious from your statement that the amount you had accumulated during that time had seriously increased your portfolio, so actually you can imagine how far you would go in your Bitcoin investment in the next 7 years if you continue your weekly investment.

Trump in his speech will promise in the political campaign if he wins the United States will become the center of the bitcoin capital then it is clear that the adoption will be greater some large institutions will support it, the price can continue to strengthen and we can see how bitcoin is growing rapidly.

Just do the accumulation, if more bitcoins are owned then one day we can go to America for a vacation  :Djust by bringing bitcoins without fiat if it is true that there will be more adoption in the country, not only that goal by having a lot of bitcoins it can be your future to be a better life from bad finances, so keep accumulating.

You didn't put the dollar sign/symbol dude, remember is very necessary to put the sign/symbol because not everyone will understand what you are talking about especially those who are new here anyway It's a good thing that Bitcoin is about to break $70k again and it's going to be a sad news for those who were waiting for Bitcoin to dip before they invest and a good news to those who took advantage of it, I wish people will learn... You said you will continue DCAing untill you reach your goal right, so if I may ask will you stop if you have reached your goal because you sound like someone who is going to stop after you reached your goal. One thing I won't stop doing is accumulating and holding even if I have several investment outside crypto that is doing well I won't stop unless there's a negative vibe/ negative information about Bitcoin which there can never be...for now. If I ever have a target then it should be to keep accumulating and holding for as long as possible.

Inasmuch as I believe that we are still early in Bitcoin with respect to where it will be in the future, we have to appreciate the fact that we have come a long way that is filled with so much learning and growing. Bitcoin is getting close 15 yeas in existence and have come to be as a power technology in the world of finance and a wonderful opportunity for investment.
It is in the appreciation of where we are coming from and where we have reach that those who are opportune to invest in Bitcoin or learn about it can make better investment decision such as holding against all odds knowing that irrespective of what happens, bitcoin will always come out stronger and better.

Anyone who have this understanding will never have the mindset that the price of Bitcoin is too high because that is the mindset of people who want to make too much profit overnight which is why many tend to look for alternatives to bitcoin and end up being screwed.

That's this spirit mate compare to what's ahead in be bitcoin we are still at the early stage to keep accumulating. And keep the fire burning because bitcoin it's gaining more adoption each day . This bull run will be one of the best , and from day one it has been doing well, Bitcoin has been in bullish since last year and they are more ahead.

So we just got to keep accumulating as much as we can so that we won't miss out in this wonderful opportunity in investing in bitcoin, bitcoin has literally change alot of folks lives , those that Started holding bitcoin since 10 years till now can literally testify.

I knew this was going to happen someday, some people are receiving a lot of merit from this thread which is probably due to the quality of post they make here, the forum can be related to our real life activities where everyone have their own personal interests of things they engage in, so it is in the forum here. This is a forum where everyone can discuss and share ideas and if some ideas are not worthy enough it doesn’t mean they are invalid, a lot of people are learning every day from this thread and going through this thread you will notice only post JJG finds worthy enough receives merit regardless of their rank and it shouldn’t be mistaken for merit farming.

JJG’s consistent effort of sending merit to quality posts have helped to keep this thread active and alive and have encouraged quite a lot of members to improve their post quality. Investment is a continuous process as long as bitcoin is in existence and every day people will keep asking questions and new developments can also be made in which 20 quality posts will not be enough to clarify.

Taking profits is really a personal decision, you said there is no perfect time to take profits i don’t intend to argue it but profit can not be taken when the market is down or unstable, when there is a downward trend i don’t think an investor can think of taking profit.
Maximizing your bitcoin will equally maximize your returns when everything goes well but for those who are not so  concerned about their profits they are also more likely to suffer more loss when an unexpected downturn occurs so in as much as accumulation is important taking profits is also important as well to give purpose to your investment.

At the moment Bitcoin is worth $69,931.59, we are about to break 70K again. I'm very bullish on Bitcoin right now, I tried holding as much as I could when it was under 60K. I tried to grow my investment portfolio with my maximum. Anyway now that I have a decent portfolio, and I'm continuing my investment in DCA, And i will continue until I reach my goal. anyway I think Bitcoin will cross 70K in some time. And I reckon we'll see a bull very soon.

I think this is where we are before shifting from the point. There is no perfect time to take profits from your Bitcoin investment I think it's a personal decision but an investor holding for 8 years can take his investment as long the purpose is to do something useful with the process. What I have kept in mind is that there are people who invest to maximize profits while some invest to maximize the volume of Bitcoin they have. People who maximize profits when they reach a target are more propelled to sell than investors who want to see their Bitcoin holdings grow more and more.

The safer way is that if an investor has less Bitcoin in his portfolio, he/she should probably hold. Selling quickly should be the last thing that cross his mind, while an investor who owns more Bitcoin at least more than 1 BTC, he can choose to sell little based on the situation or the reason for taking profits. However, it all falls down to your investment goals as the genuine reason for taking profit.

Of course, no one expects our ideas to be carried out by other people in the investments they make. But as one goal we continue to provide narratives that are constructive and beneficial for long-term investment. Even though some of the delivery was a bit difficult to understand because it was hampered by bad language, it wasn't a big problem because everyone knew that we were just buying and hold on to long-term investment planning.

Everything is just for your own success in the future, people will be happy to see us building from zero bitcoin and now having bitcoin in our portfolio. If we want to change our fate then we have to focus on whatever we do.

Bitcoin is always a trending topic as thousands of companies have bought bitcoin and thousands of new people continue to join bitcoin. Bitcoin is a very valuable asset that we must have and if we waste the opportunity while we know about Bitcoin then that is a stupid mistake we are making.

Don't be too uncomfortable, don't give up quickly because of what people say because we invest with our own money and we bear everything, both risk and profit. Out there, on social media, we also have to be active in looking for information to increase our knowledge about bitcoin.