Topic: Buy the DIP, and HODL! - page 106. (Read 130067 times)

There is yet no guarantee towards your believe hence Prioritizing  it can become very problematic if things didn't work out as expected, it is better we focus more on prioritizing sizing every opportunities that present itself if the money is readily available for investment, in as much as buying the dip offers buying more Bitcoin at a lesser amount of money compared with buying at it previous high, my point is that it is also possible that Bitcoin might not dip to your speculation by going higher. The truth is that you don't have to be expecting too much as the market can be very uncertain.

DCAing is one of the best ways to buy Bitcoin for long-term investment. Every investor thinks or plans repeatedly before investing that they will be able to profit from their investment by adopting a strategy. So to avoid this anxiety during investment one should gain experience about investment. Basically the main goal of every investor is to earn profit from the investment.

The $1,000 you mentioned might not have been high risk if you had invested in a few steps. It would be considered best for you if you invest some of your dollars in dip season and some amount every week or month using DCA strategy. Instead of doing that you bought $1000 worth of bitcoins at once but if you had used it to buy bitcoins during the dip season you might have made a profit instead of a loss. So the plan should be definite before investing, so that your investment does not suffer.

You might be right and still wrong at the same time  , you could wake up tomorrow morning to see it pushing towards 70Kish and might never dip to  the amount you mentioned but nevertheless it's  still hard to predict as there could be more Dip.
Not saying investor should force it but if there's any disposable fund for it then it can be considered to be used for buying apart from that ignoring will be better... for DCA investors there won't be much difference just as JJG mentioned and thus doesn't mean they cannot or shouldn't buy dip if they can without affecting their next buying.
Time like this could be full of opportunities and it's best seizing it if you can /you are capable

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

If you have extra funds or some cash comes in while the BTC price is dipping, then no problem, maybe buy a bit more BTC since it is dipping; however, for most people who are regularly DCA and probably even more specifically the DCAer who is ongoingly employing  BTC buys to build his stash in the early stages, it is not going to make very much difference whether he bought at $61k or $57k, so there is no need to get all excited about these various BTC price moves or to suggest that anyone who is not able to take advantage of buying on dips down to $57k (because he already used all his cash at $61k) is necessarily missing out on anything that is going to make any kind of material difference.

Sure, there can be a bit of a good feeling to be able to buy more BTC on the dip, yet I doubt it is as BIG of a deal as you are making it out to be or even suggesting that OP was correct in his own emphasis and excitement about buying the dip, again especially for newbies who should just be buying regularly and not getting too worked up about short-term BTC price movements as much as just continuing to buy BTC regularly and perhaps improving other aspects of his cashflow (and discretionary income) by increasing his income and/or by cutting his expenses.

I don't really agree with all you have said about the source of income determining what method should be convenient for an investor. That argument is weak and ignores a lot of variables such as personal preferences and others. As long as an investor have set aside some funds for investment, he has the liberty to chose the DCA method, buying the dips, or lump sum buying. At this point, the source of income is inconsequential. If in the example you gave the businessman's income increase from $20 to $200, he can still use the same funds to for the business but this time the quantity of goods will increase.

Are you among those saying that the DCA method is for low income earners? This statement have been refuted as it has been established that even some instituional investors and governments also use the DCA method to invest in Bitcoin.
You seem to be supporting the notion that

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

A new beginner should focus more on accumulating bitcoin using DCA method and it will be more easy for him if he has a good financial management because it will be easy for him to plan himself and also use the right amount from his discretionary income that will allow him buy bitcoin constantly and continuously for a very long period of time.

As time goes on when the investor knowledge on bitcoin has improved, if he has extra funds aside from his regular income he can lump sum immediately to increase his bitcoin stash, because it would not be a problem to him.

Well from my own view and end, I think making an investment should be easy as you have said and I believe if it's left for only me, I think DCA will be my focus and besides you can always make the purchase bigger especially when the funds is available and especially when there is a window of the price dipping and you have saved up cash somewhere then buying massive during that dip isn't a bad idea at all because you get bigger opportunity and I believe you know where am driving at.

I was about responding to that comment before I saw yours and it seems you already covered some of the things I would have said. However, I want to add a little for emphasis and to make sure new investors are not distracted into thinking that making the investment process complicated by adopting different strategies is a great thing to do... it is simply setting one up for confusion and possibly mistakes. When an investor becomes entangled in combining various strategies there is the possibility of mistakes and regrets. For instance, an investor using the DCA method will easily know how much funds is allocated into Bitcoin and how much to put into Bitcoin at certain times. But when lump sum purchase is added and also buying the dips, when Bitcoin drop rapidly, he might face the confusion of putting more money during the dip more than was budgeted for busying using that method. Rhe same could happen when price is surging and it is looking like price broke out and will never come back.

Investing in Bitcoin is supposed to be the easiest thing to do especially when the aim is to hold for several years. The bulk of the job is never in the method of buying the Bitcoin but how the purchased Bitcoin is managed to ensure its longevity.

People often think of investing in wrong kind of ways.. like you mentioned.. investing $500 within a year or even $5k over 5 years and then just sitting on the amount that was put in, when more likely there could be something like $500 per year (which is ONLY $10 per week) or maybe $5k per year, which would be $100 per week, and so maybe after several years, there might be a determination that enough money has been put into the bitcoin investment, so then there is no need to add more to the investment.

There is no way to stop anyone in terms of how to invest their money and when they determine how much is enough, especially when they are likely in a better position to have some money into bitcoin rather than if they had not put in any money into bitcoin.  So the one who is invested in bitcoin has already put themselves into a better place, and so decisions in regards to whether to be more aggressive or to be less whimpy are individual, and even the seemingly whimpy investor might not consider himself whimpy, especially when comparing himself to low coiners and no coiners who had not invested or who had invested even less into bitcoin than him, so making those determinations regarding how much is enough are going to be somewhat personal..

If any of us has a cash flow, then we can decide to keep adding, but then there might be some point to add the money to some other asset with the determination that there is enough bitcoin, or many times so many folks have difficulties determining the difference between investing and consuming, so they will choose to consume instead of invest, but then if the bitcoin investment size has gotten to a certain point, it might be a fairly decent size, yet the bitcoin portion might not be ready for cashing out.. so there could well be 4-10 years or longer between the time of putting the money in (accumulating) before there might be some desire to start to withdraw from the investment - whether the withdrawals might be price based and/or time based, it hardly makes any sense to me that the withdrawals would be all of it at once or even large portions at once, so there might be thoughts of the withdrawal process being long term just as the accumulation and maintenance period each were long term.... ..

and as we know, this thread is not so much about the next stages of our investment journey, but instead about how to build up our BTC holdings to get to those further stages and to have more options after having had spent years building up the BTC holdings...and most are going to need several years to build up rather than just throwing in some amount and sitting on it (even though surely there are some folks who invest in lump sums and then just sit on the investment, even though the trade offs for that style could well be regretful in terms of not being able to turn back the clock later down the road when we are better able to see what we did as compared to what we should have had done.

when we say long term, we should be able to state out what we mean by long term and extablish the reason why we're considering investing for the long term. We've used the term long term investment so much that a lot of people are begining to assume that once you've invested for the long term you're bent on being profitable with your investment. In reality, it's not how long one holds his Bitcoin that matters, for as long as you care, you can choose to HODL $500 worth of Bitcoin for 20 years and look at it as a long term holding and won't be half as profitable as one that holds $20k worth of Bitcoin in less than 5 years. While talking about long term investment it's best we also relate it to the essence of making the investment for the long term. If you're just investing for the long term and you're careless with how much you're able to accumulate within such timeframe, then your long term investment wouldn't make any difference.

Building a portfolio with a long term plan in mind gives you an opportunity to to build a resource that guarantees long term investment and when you have a good plan in place and follow it out to the latter, it's going to make a huge difference in terms of how much you're able to build your portfolio at such period of time.

There might be no effort in learning all of the strategies, I think what matters is experience because it is not all about knowing and understanding all these strategies it takes time for one to encounter several cycles and happenings around Bitcoin for them to implement part of the strategies they know into it. The reason why I am saying it is an experience that helps one know the level of knowledge they have. If they have not implemented all the strategies and it worked for them how would they be convinced that using several strategies helps a lot in Bitcoin investment?

Sure DCAing is one of the best method of purchasing bitcoin, but still one can still start their bitcoin investment with lump-summing ( that's when they have enough cash though). Because it will help to give them a nice head start in their bitcoin accummulating journey. Making them to have some nice amount of Bitcoin as they start their accumulation. So after the lump-summing purchasing they can then continue with DCAing . Inorder to balance other expenses and same time purchase at different price intervals , aslong you don't go all in with all yah cash ( including emergency). Because that's a poor method to start bitcoin accummulation, because you may endup selling it too early , just to keep up with your daily living or coverup some expenses as an emergency funds.

Don't mix things up for yourself and others
What will you define as an enough fund ?? It's just like saying accumulating a lot of funds to take on different strategies, is it? ..
BTW that's not my focus, my point is that your post might divert  the attention of newbies to other strategies, not bad actually if they know about them but they should know that the best strategy for now is just buying to increase their portfolio and the advisable  strategy of buying is DCA[they will have different price entries with this & might enhance their portfolio size within a short range with consistency].

Buddy you might be having some misconceptions about investment but investments are not "only" profitable in long term, short term investments too are profitable but you can't obviously look into that as an option in bitcoin because we consider with as wagering or gambling but which is more important to shitcoiners because they can't obviously hold those coins for long term.

Of course DCA has become the most powerful strategy in bitcoin investment because of it's benefit and how comfortable it is when it comes to time and resources management. but one must have to examine themselves to know what strategy would be best for them to adopt even though DCA would still my suggestion for any one but it's necessary to examine ones self before adopting any strategies.

You are correct that both cash management skills and employing the the various techniques (and even deciding) how to buy bitcoin should be within the ability of an overwhelming majority of normies to understand and to apply such techniques (because the techniques and the knowledge are fairly basic and within the grasp of an overwhelming majority of normal peeps.. maybe just the need for 11th grade math as Gregg Foss had liked to say), yet if normies are not practicing the employment of such skills and basic knowledge then they are liable to make a lot of mistakes and even costly mistakes. So in that regard, the likely need to build their way up to having various kinds of experiences and practice employing them.  Even people who are real smart can make various kinds of calculating mistakes in regards to how much disposable income that they have and projecting out their cashflow in light of their income and their expenses, and allowing for enough cushion so that they don't get into trouble, but still wanting to put their money to work, which they sometimes might not even leave enough of a cushion for their own potential mistakes, even if they might believe that they calculated everything perfectly..

but still a certain level of humbleness is needed in regards to our own knowledge, our abilities to apply our knowledge and not to rush into strategies that are bordering more on being greedy rather than being prudent or sufficiently aggressive without overdoing our level of aggressiveness.  So sometimes several weeks, months and years might need to play out before the newbie BTC investor starts to get comfortable with the various systems that he had set up and that he had allowed to play out. whether some of his buying of BTC might be within manual buy systems or some of it might be put into automatic buying systems.  I mentioned that I personally prefer the manual buying of BTC weekly, yet I can see how some automatic buying systems might be employed in useful, convenient and potentially powerful ways.

Each person is also going to have their own particulars and the lines upon which they might be too whimpy or too aggressive might not be known by anyone else, and they might not even know where there own lines are until they apply their various systems and let them run through a few extremely volatile periods and to perhaps to see how they continue to apply and run their systems under a variety of market conditions and even personal live circumstances whether physical things in their life (such as health and well being), financial and/or psychological, including potentially considering how some of their real life relationships might affect their time, energies and financial ablities to incorporate bitcoin into their daily life.

I do not think there is a lot of effort required to learn or understand how the several strategies operates, a person can still be a beginner while trying to accumulate Bitcoin get to understand how to efficiently deploy on all strategies and at the end get a better outcome. This is a process that one can expertise in his early stages of investment even as a beginner, no need to wait on becoming an expert before trying out other strategies.

It is primarily necessary as a beginner to always be open to learn and do more findings, instead of relying on person knowledge because at the moment the person knows less of what the market is talking about and is vulnerable to make mistakes. Everything comes with understanding the basics and investing by the terms, no call for expertise.

Unless an investor considers himself an expert (based on experience) in Bitcoin investment and if he has enough funds to invest that is when he can be able to use several strategies to invest in Bitcoin. A beginner in Bitcoin investment will only destroy his investment if he cannot maintain consistency in one strategy.

An investor who have met several cycles of Bitcoin might know how to make good use of several strategies to have a good Bitcoin portfolio. Using several strategies can help perform better based on several market conditions instead of relying on one strategy that works sometimes and other times it dont work.

If a new investor that his DCA is ongoing consistently, and he has $1000, he can chose to share it into three parts whereby he uses $300 to lump sum, $200 to buy at the dip and $500 to DCA with $50 for 10 weeks. The important thing is that your DCA should not stop but keep buying for a long period of time.

Tweaking from one strategy to the other will depend on the size of your bitcoin portfolio and how best you understand using those different strategies.