Topic: Buy the DIP, and HODL! - page 103. (Read 144120 times)

I suppose the main thing is learning, and surely if you had been mostly focusing on accumulating since your forum registration date (in 2016), you would be in a good place right now, yet there are a lot of us who have made several mistakes along the way, and one of the main things is to try to be able to stay in the game and to not get completely knocked out of it.

It can be tempting to sell too much too soon without realizing that is what is happening, and so I continue to be a pretty BIG fan of incrementalism and figuring out ways to engage in incrementalism especially when it comes to selling BTC - yet I also have a bit of a philosophy that it is not even a good idea to start to think about thinking about selling your BTC until you are either sure that you have enough or that you have more than enough, and that can be a bit of a tricky kind of a measure to figure out how much is enough.

One of the frequent problem that guys have is to sell with an anticipation of buying back cheaper, and it seems to me if there is a structuring of sales in such a way that there is no expectation to buy back cheaper, then there is a realization that you cannot start to sell BTC until you are sure that you have enough or more than enough.. so then you would ONLY sell from the part of your stash that is "more than enough." No one is going to help you if you miscalculate whether you have enough or not, and you likely have come to realize that no one is going to save you if you end up selling too many of dee cornz too soon.

Whether or not you fail in Bitcoin investment depends on your risk tolerance level because Bitcoin prices are very variable and unpredictable, which can result in losses if the price continues to fall. It is highly recommended for Beginner Investors to start the DCA strategy when they are financially ready to make long-term investments, they also need to control their emotions in decision making when small corrections occur so as not to damage the initial goal.

Yes, DCA strategy is more effective and reliable because the risk level is lower than the direct buying strategy. When investors use the DCA strategy, they have indirectly spread the risk because when making a purchase, no one can ever guess for sure whether the price will go up or down. When making periodic purchases, investors can obtain Bitcoin at a low price or when the price is high, and when accumulated, they will eventually obtain the average price of Bitcoin.

Mostly don't look at threads like this because all they want to read are the threads that are about price increase of Bitcoin. It's okay, no pressure to them and everyone who's in here and there are happy with the strategies that we've built up in accumulation for ourselves. Those that have done DCA are probably enjoying lying on their beds now without nothing to worry about and are only waiting when they should sell if ever they plan to. But there's no need to think about it if you're for the long term. This is just one of the stops that we have to reach and soon, the world will be surprised and shocked by Bitcoin even more. The patient ones deserve their rewards because we've been into corrections and FUD and yet, everyone who sticked to BTC deserves a congratulations for surviving and reaching this point and even further.

I am one of those that have sold too early on 2021 but then, I've learned from that moment and happy to be with you guys, the moon and the golden hands club. 

You are right, I said it for myself, sorry if you misunderstood, I don't want to confuse your mind because you are investing with your money and you decide.

I just want to express DCA for beginners, while you already understand DCA and I don't want to invite you to buy together with the DCA method.

I do not deny, indeed many investors have their own way of accumulating bitcoin, they buy at their own comfort level.

I just want to tell you I am not inviting you, it's up to you to buy bitcoin in your own way. But I am comfortable with DCA and I understand the DCA strategy from Mr. JJG in this thread, I have been active in this thread for a long time, I know what I am saying. I do not want to mislead beginners with various other methods that they may not understand enough. Therefore you must be able to understand the whole point that I convey.

What I was talking about is wrong approach to Bitcoin investment and not wrong Bitcoin investment strategy, now about the wrong approach I was talking about there are some set of people who really don't have much money to buy enough Bitcoin when ever there's a dip but they keep waiting for a dip to happen and when it those they buy only small amount of Bitcoin and maybe they have waited for a very long time, this is a bad approach why not use the DCA strategy and stop waiting for a dip.
There is some set of people who invest more they are supposed to invest for example they only don't use there discretionary income they also use money meant for taxes and other and necessities to invest in Bitcoin which is also a wrong approach and may make you fail in your Bitcoin investment.
Some newbies who are still new in Bitcoin investment
with zero knowledge about Bitcoin investment decides to go into trading are will going to call it a good approach to Bitcoin investment certainly no, what they should be doing is accumulating and holding to avoid losing money.
There are a lot of wrong approach that may cause someone to fail in his or her Bitcoin investment journey.

Strategy in investing is not a criteria to anyone who is committed to his long term investment. There is nothing like the best strategy as long as long term goals is concerned. Each investor will invest according to how it suite his finance, risk management , and tolerance. As long as the intention is in long term, he can choose to DCA at some point and when he has huge funds that comes in more than regular funds he might decide to buy the dip and lump sum. Anyway it is not recommend that an investor to put in all his salary all at once into Bitcoin in the name of lump sum or buying on dips. These are little mistake beginners make when they want to start their investment. They love to go all in thinking they are far behind holding a good fraction of Bitcoin. However, its not also a good idea to procrastinate in buying Bitcoin because you are expecting a huge funds in the future which you might not be certain of or you are. The thing is that you can buy a little. There is always an entry point that will be more comfortable for us after we have evaluate our discretionary income.

Many have tried and failed, but what surprises me is that people keep investing on them and sometimes I wonder if it's greed or quest for quick money that makes them invest on those shitcoins, I see randomly making research on shitcoins that would make 20X or 100X during a bullrun and I makes me wonder why they can't cancel that energy into investing in a coin that's more safer and less riskier.
 Well, I've come to understand that some investors are not aware that Bitcoin have features that could help them recover lose, they feel has same risk factors as shitcoins and therefore tend to risk investing on those shitcoins cause of price, not knowing that the price of Bitcoin is not a barrier when it comes to investing on it.
 There are others who are impatient to embark on Bitcoin investment journey and would channel their energy to shitcoins to take quick profit, such people would learn the hard way, they might lucky to profit from investing on shitcoins on several occasions but on the longrun, they'll definitely regret threading that path, Bitcoin is the surest Cryptocurrency investment and best decision any investor would make.

well, if you want to be intentional about your Bitcoin investment, it's best you make use of a good strategy that has proven to have worked overtime and is still currently in use by investors that have the capacity of accumilating far more Bitcoin than you can ever accumulate.

Even though choosing to make use of any investment strategy can still work for you, it's good we know that doing critical analysis of the rest of the other strategy other than the DCA method gives an impression that you're trying to time the market before investing. Iether you're doing lump sum or you're attempting to buy the DIP or even selling to buy back, one thing is always certain, you're going to attempt buying at the best price so you can make more profit which is same as timing the market and we already know the effect of that in slowing down your investment plan.

DCA helps you experience all the different market condition and even if you're to invest for ten years, it helps you achieve such feet while doing other project because your DCA amount allows you to live your normal life while still investing. In terms of possibility of experiencing failure while attempting to use all the investment strategy, the one that helps you experience less potential loss still remains the DCA method.

It is high time for people to understand shitcoins are not investment because the outcome can not be predicted. Investment is what you are sure of the outcome, something that is reliable to invest and that's what bitcoin is. Investing in shitcoin is not healthy for anyone because you won't be able to have peace of mind because the investment is not certain what the result would be like. Bitcoin is the real investment because profits are always certain for investors who take their time to hodl bitcoin as longterm investment.
Shitcoin is never an investment it is just a risky game that should never be taking serious because their is no point taking what is not reliable as a serious investment.

Yeah what you said is true none of the strategy is wrong in accumulating bitcoin and investor just have to figure out the strategies that will best work for him as per his discretionary income .is either he is dcaing , lumpsum buying, buying the dips but selling and waiting is not one of the strategy in accumulating bitcoin.so for newbie investors with low discretionary which can't afford to start with lumpsum buying or waiting for a desire dip while missing market opportunities, they can start with dca strategy and they can combine all the strategy when an extra cash arises as they continue with there bitcoin accumulation through the dca strategy so instead of waiting and be missing opportunities morespecially for no coiner , with low income they can start with dca strategy but not that other strategy is wrong.so the main aim of any investor should be to focus on reaching there accumulation target and holding for a longer time and not the strategy used.

Of course new investors should read a few pages of posts in this thread. But if they read the first few pages of posts, it might be confusing for them because the thread originally started with the title "Buy Every Dip". However, from page 24 onward, this thread was changed to the title "Buy the Dip and Hodl", through this post

I don't think newbies need to read the thread extensively to participate in the thread, In the beginning they should just refer to this post that @JayJuanGee did a long time ago basically this post mentions the essence of dollar cost averaging investment method if he understands it well in the beginning.


https://bitcointalksearch.org/topic/m.55322413

As long as bitcoin investment is concerned, there is no wrong strategy for accumulating bitcoin for long-term profit. Even though you use the lump sum strategy, the DCA strategy, and buying the dip strategy, you will not fail in your bitcoin investment. The main reason why we always advise newbies to make use of the DCA strategy is that not every investor has enough money to lump sum, and buying the dip strategy will delay newbies accumulation journey because they are not certain if a dip will happen today or tomorrow, but with the DCA strategy they are open to consistently accumulate bitcoin either on a monthly or weekly basis even if bitcoin is increasing or decreasing, which will be more effective to them than buying the dip. The thing that can make you fail in your bitcoin investment is when you invest all your money in bitcoin and fail to make provisions for your emergency funds with the idea of getting rich soon.

I agree with you that there is no need to read the whole pages, that's for sure. But that doesn't mean that they shouldn't give a try in going through few pages to get the scope of what the thread is all about. I like the way @JayJuanGee responded to this earlier and I quote him in his words as follows. "I doubt that newbies need to extensively read the thread in order to participate in the thread, yet sure it helps that they at least read through some of the posts rather than just asking vague and basic questions that appear that they have done shit all besides saying that they "thought about the topic."
To me his words summarizes everything, so there is no point dragging this particular issue any further.

I think it will be better you speak for your self, DCA strategy is a nice strategy to accumulate Bitcoin because it enables investor to accumulate Bitcoin regularly weekly or monthly according to the investor cash flow but by saying we all doing DCA every week generalizes that everyone do DCA every week meanwhile there are investor who only focus on lump sum while there are some who only wait for Bitcoin to dip before accumulating which is not a good strategy for someone who just started accumulating Bitcoin while there are also people who accumulate through the DCA strategy and still lump sum when ever the cash is available to do so while there also investor who accumulate Bitcoin every month and not weekly due to the time they get there salary to do so that is for salary earners who earn monthly.

It doesn't need to be that far because looking at the almost 598 pages that have happened in this discussion, the scope is actually just simple where we just continue to compare and do some discussion of approaches to DCA, buy dip hodl and some discussions that sometimes go off topic so that in the end when beginners want to look for more information I think the conclusion is only limited to that where the DCA method and how the approach is done etc.
There is no need to read that far because this obviously takes time and most importantly in this case it would be better if in the end not only observing by reading alone because after all opinions are also important so for those beginners who really want to be in the scope and learn more about bitcoin and investing indeed this thread will be good enough to stop by but there is no need to read the whole thing because from the beginning until now the focus is only on the same scope.

Curious about those who relatively ignore the many helpful messages here, Especially buying on dips, which many of them don't care about this scheme, Well in the end we are approaching $100k. Congratulations to those who came early because they got a lot of opportunities to buy on dips because there have been many major corrections in the last two years.

But don't despair for those beginners because we are also still in the early stages of long-term investment planning, so we are all doing DCA every week. Keep this idea, because I believe when the United States starts buying bitcoin regularly then we will see a lot of scarcity that occurs.

Yes, that's my assumption, believe it or not you have seen a lot of real evidence that currently new dominance continues to emerge where many companies have bought bitcoin so it's not just individuals. For that I suggest never selling your btc to the United States or better yet never selling your btc to anyone. Hold on until we really reach our satisfaction. Bitcoin is the best asset right now, I see in the media that bitcoin has surpassed silver capitalization in the order of the largest and most affected assets today.

Exactly, sometimes some folks may be newbie in this forum but are not new to bitcoin while they are some that are here to be familiar with bitcoin so it on depends on the category you fall Under. But one thing is for sure is that no matter how long you have been into this space , there are alot of things you haven't learn yet .

Like me then , I wasn't new to this space when I came into this forum but still I didn't know how bitcoin work and the Potential of it but after spending much time here I began to see the potential and beauty of bitcoin, which made me to be big fan of it , and this thread actually help me to build these knowledge I have now concerning bitcoin investment, so if you are Infor a long run with bitcoin this is the right thread , and that's sir JayJuanGee usually take his time to break things down and also repeat some stuff so that most newbies can easily access it without having to take their time to start looking for those stuff. E.g 9 principle individual factors

If you are a newbie, then nobody knows you, so it might be helpful to show some proof of work and maybe provide a bit more explanation behind your post. 

Sure you can choose to not show proof of work and to not provide any context for you post. That's up to you, and yeah, you might not give any shits if other guys know you or not, but sometimes it can help to build some credibility rather than other members having to presume what you understand and do not understand about bitcoin or about the topic that you are jumping into, so if you engage in some explanation it can help you to present your post topic better and it can also help anyone who might respond to your post to better understand where you are coming from.

I feel bad whenever these influencers come out during the bull run and they all advertise shit coins to invest. Many are so hyped with the profits that they're making but they don't even know the whole story how these influencers got it there.

Never ever felt greedy with those shared post by those people that are advertising shit coins, they might pump for a while but then in the long run everyone who are just there to catch up are bound to lose their money.

Bitcoin isn't like that, so for those that have always thought that they'll make more with shitcoins, good luck because not everyone who gets into it gets out happily.

Well is not just being a newbie it depends on the individual because i have visited this thread so many times and i have dedicated most of time going through meritted post, reading them to draw some light from it    and some of your post summary  because i already know alot has been discussed so instead coming here to ask questions that may not be necessary i focus more on the reading to see if i can be able to flow with you guys.so is a matter of individuals difference and level of understanding and not being a newbie