Topic: Buy the DIP, and HODL! - page 111. (Read 135860 times)

This is one of the advices or let me say warning that i ditch out to newbies or those actually trying to accumulate more bitcoin. Waiting for a dip to me Carries same risk as at not even investing at this period of time. I tell other investors sometimes that the lowest price you can catch bitcoin again could be the current price you meet it that day, No one is certain of a dip coming through it is just speculation and some speculation are just like procrastination to me. So one need to actually find a way to DCA it could be monthly, weekly or even bi-weekly depending on one’s income the thing just don’t stop due to narrative shared that there could be an upcoming dip.


Just like the quoted post, if he had been DCAing continuously and hadn’t stopped he would have caught prices below $60k multiple times and could have helped in better proportion to his average, his current average from those four price is around $50k to $55k but multiple DCa since then would have also gotten him lower this price and most importantly more accumulations but it still depends on one’s income

The originator of the Benjamin Graham in 1949, he was an economist and investor and made as the Father of Value Investing Worldwide, of course we must thank him for this DCA strategy he decided and taught to many people.

I myself am quite excited with this DCA strategy because it makes me much better in investing in the long run, not much panic and more controlled in terms of emotions, also in finance, most importantly in this stratgi is you can buy at moderate prices down and can get a greater chance of the price of Dip.

Wikipedia Benjamin Graham

Apart from dumping and not pumping again, there are many risks that are related to investing in shitcoin. Also, one thing investors need to consider is peace of mind. Invest in a place a place where you will have peace of mind and you won’t be thinking of getting scammed because that is what happens to some shitcoin. Some of them disappear after getting some investors and already earned huge amount of money.

The best place to invest in is bitcoin, whether you like it or not. There is no reason or convincing you will tell me that will make me invest in any project apart from bitcoin. Because bitcoin is the best, if you look at where bitcoin is coming from the increase in value and how investors/people are making millions out of bitcoin, you will know that bitcoin is the safest cryptocurrency to invest in.

Been talking about DCA investment strategy for a long time. Once I used to talk about DCA investment and at that time people did not show much interest in this investment strategy but now by looking at the discussion of users it is clear that most of the investors here are now investing in DCA strategy. The DCA investment strategy has been an effective strategy since its inception. Credit must be given to the user or investor who first discussed the dollar cost averaging method of investing. He could have invested in this strategy alone without sharing it with everyone else but he didn't do that.  

Just as a teacher imparts his knowledge to students to help them succeed, so the investor imparts his own strategy to all investors to make it easier for investors to invest.

You are totally deviating from the discussion that led to the argument because the scared of a Christianity has nothing to do with Bitcoin investment, so in terms of being scared is very normal for those who just started Bitcoin even if there intentions is for holding because people are different so as there determination because there are new  holders who can often get scared during there early stages of Bitcoin do to the fact that they have not fully grasp the potential of Bitcoin but however as the time goes that's how they are seeing reasons why they can never be scared or have a doubt about Bitcoin.



In Bitcoin investment what guarantees your possibility of reching your milestone is being very consistent because even when using DCA nothing is certain for you on less you devoted your time for it because I have seen that from your record you have not been very consistent on your Bitcoin accumulation because I'm seeing from your table that from 2023 November till now you have only accumulated four months, however if we calculate from last year November till now we would be having 11 months which means that you have not been able to accumulate Bitcoin for 7 months which is not good for you considering the long way you still have before accumulating your target, so since you have not gone far you need to be more accurate on your targeted bases.

Whether beginners or not, the DCA method can be adopted by anyone who wants to reduce risk in their investment. It is not just beginners who are trying to mitigate risk alone. Those investors that have enough amount of Bitcoin and are holding for the long term mostly practice the DCA method. The reason is that they want to reach their accumulated target if they haven't without tampering or affecting the value of BTC they have accumulated so far.

You started buying in 2023 by now you must have susbstrainal amount of Bitcoin in your wallet. And I was wondering to ask why you stopped buying in April till date. Is it that you ran out of funds for a while and decided to hold? However, there is no harm to your portfolio as long as you have not tampered with your Bitcoin.

But then you don't have any structured plan or longevity of your investment to achieve your goal. Perhaps you don't have any goals but it is important that you set goals to your investment so that you will work towards it. Setting goals helps build a faster portfolio and maintain consistency. If you had set your goals in your investment you wouldn't have stopped accumulating. If it was low funds then you can reduce the percentage of what you do use to DCA every month. That is why it is called DCA its accumulating a certain percentage from you earnings weekly or monthly, it all depends on the investor.

I'm not a fan of diversifying in shitcoins against Bitcoin, it's a red flag for me especially with the knowledge that shitcoins can pump and dump my sorry ass anytime. I'm not cut out for such bad financial moves. Accumulation is better.

However, have you thought about diversifying in areas of competence to raise more steady capital and invest more in Bitcoin?. For example, you do agriculture too that possibly has a maturity period of 4 months, at maturity you remove a good part of your proceeds to support your accumulation journey and reinvest the capital for the positive cycle to continue. You can choose to use the proceeds to lumpsum, or to spread it out on your already existing DCA accumulation benchmark to increase your purchases over a period of time. I think such diversification in areas of competence can boost your accumulation journey instead of just focusing on it as a way to mitigate risks.

While will someone wait for something he or she don't know when it will happen, what if you wait and the dip happens but just a small margin from the price it was, what if you wait and along the line you used up the money because you are tired of waiting and think you can replace it when ever it happens and you couldn't replace at that point in time it happened.
Waiting for a dip will slow down your accumulation and before you know 3 years has gone and you have not Accumulated anything reasonable.
Remove this mindset of seeing Bitcoin as something you want to use to escape poverty because you will surely get tired of waiting for it, and that is why it is always advised to have a source of income before going into Bitcoin investment because Bitcoin investment is not a Ponzi scheme were you can just invest today and next week you start gaining from it, Bitcoin takes time to grow and when you have a source of income you will have the strength to exercise patience.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season. Rather than waiting for the market to go down, you should consistently buy and hold bitcoins. Before investing keep in mind that the dip is unpredictable and it is not certain when it will happen.

So it is better to buy bitcoins regularly instead of waiting for the dip. Continuously investing in DCA will create a favorable situation for you if the market dips. If you have spare funds saved at that moment then you can take full advantage of the dip season.

Depositing Bitcoins with the DCA method requires you to keep buying regularly and uninterruptedly, making it a valuable strategy for constant depositing regardless of price. The tendency to wait for price dips should be abandoned. Yes if you have excess fund flow then strategy of over-accumulation during dips should be applied as a successful investor tends to over-accumulate during every bearish period to take advantage of holding more. If you can consistently build a pile of valuable assets like Bitcoin and travel multiple circles, you can be considered a successful investor.

There will be a tendency to increase the abundance of wealth among people but not everyone can establish ownership of wealth. Those who can must have extraordinary criteria that make them successful. If you want to be among the successful bitcoineers, the DCA method recommends keeping a long term trend with the trend of accumulating bitcoins.

Sir, I invested for four months at the end of the month and held for 6 months.What I realized by doing this investment, my new ones are investing every week rather than investing at the end of the month and dca.I started buying from third week this month with dca method. I will definitely use your advice when buying bitcoins because your words are very important.

Have you been buying since November 2023 every month?  or did you stop at various points?  I see that you had a purchase at the end of November but you did not have one at the end of December.. and then what have you been doing since April? Have you been continuing to buy BTC every month?

I personally like the idea of buying BTC every week especially for newbies who are wanting to build up their BTC stash and then potentially trying to time the BTC buy for the dips during each week, yet for beginners, even for the first 4 years or so, it may not be that important in regards to the average cost of your BTC, even though everyone would prefer to buy on a dip if they are able to do so, yet it does not seem to be a good practice, especially for newbies, to be holding back and waiting for dips rather than just buy as frequently as they can, such  as on weekly basis, and then maybe even considering buying steadily for 4 years or more before changing buying strategies, unless you are able to front load your investment into BTC which could be done through DCA, buying on dips and/or lump sum investing, yet not everyone has abilities to lump sum invest, yet it can be a very useful way to get some value into bitcoin earlier on in your investment journey.

I recall that when I got into bitcoin in late 2013, I would have have had been able to lump sum into it, yet I already knew that I was getting into bitcoin after the price had run up fairly stupendously in the previous year around 100x between about $11 and $1,100.  So maybe there could have had been rationale to wait rather than to get started, yet I thought that it would be better to get started, so I established a 6 month budget with my initial authorization and largely divided the authorization amount into 26 parts to be able to invest weekly during the next 26 weeks, and to study bitcoin at the same time, and then after the first 26 weeks were coming close to an end, I authorized another 26 weeks with a similar budget as the first 26 weeks.   One of my advantages was that I was already having some money that was coming available to me from various aspect of my other investments that I had been doing over the prior 20-ish years, so I was able to come to bitcoin with money that I had already been building up for quite a long time.

Of course, if you can front load your investment then you likely will be able to build a decently good-sized BTC investment portfolio at a faster speed than if you might be just taking small amounts of money from your discretionary income to invest into bitcoin, yet many times new investors will take 30-40 years or more to build a decently good-sized investment portfolio in traditional investment systems, so if you are able to cut that amount of time down in half in terms of investing into bitcoin to 15-20 years or even less, then you should be able to be doing quite well.

So you have to figure out what your goals might be, and surely in this thread many of us are talking about long-term investment of 4-10 years or longer, so it would be a shame if you merely had been investing into bitcoin for only a few months and you did not continue to buy every month for the last 10-ish months.  A certain value comes from ongoingly buying BTC in consistent and persistent ways rather than taking breaks, especially in the earliest of years.

You are absolutely right. It is best for beginners to buy DCA method as it has very low risk.
I started buying Bitcoin DCA method from December 2023.

Market lowest Dip prices (Bitstamp USD$ prices on the daily chart)

22 /11/ 2023 $ 43,997.9
31 /01/ 2024 $ 42582.61
28 /02/ 2024 $ 62504.79
30 /03/ 2024 $ 69892.83

In my own DCA and purchase data, I bought corn at these prices on those dates at the end of each month:

22 /11/ 2023 $ 43,997.9 (DCA)
31 /01/ 2024 $ 42582.61 (DCA)
28 /02/ 2024 $ 62504.79 (DCA)
30 /03/ 2024 $ 69892.83 (DCA)

I have started and hold bitcoin investments,How did you all do dca or dip?

Where is the profit in sheetcoins? 
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

Lol unfortunately we humans
No matter how we trust in a thing we still get scared sometimes
Like when is it going to stop?
How much is it falling?
Even Christians do get scared despite their faiths in Christ.
So getting scared sometimes as an investor doesn't make you short term or a trader it means you human.
Now when you do sell because of the scare then we can say they in it for the short term.

I won't say losing hope per se but more like dissapointed that it could do better than this
But oh well the disappointment is just fleeting.

I doubt if people are/is actually loosing hope in Bitcoin because of it current movement because I know people who are craving to just know how Bitcoin works so that they can start investing. The people that can actually loose hope are those people that engage themselves in gambling and trading Bitcoin and hasn't make good profit which is not the best way to go about Bitcoin investment. Anyone that understands how Bitcoin works and knowing that the best way is to invest for long period can/will never loose hope.

In his responses, he mentioned a logical term physical assets, which i feel can be a carried opinion. Investing on something outside Bitcoin is not a wrong attribute that senses unbelieving thoughts about Bitcoin potentials but it's a coverage against the digital market, at a point we all need funds to identify with our hefty needs, and our Bitcoin as  a digital kind of investment may likely be in the wrong form to option for sell, our physical assets now has to be the solution instead of selling not when due.

Diversification on the general can not be wrong, it's a good move for every investor but a bit off when it comes to diversifying capital meant for Bitcoin down to shitcoin, then it can become a show to talk about. Every investors are left with as much option because they own the funds, we can't get biased by their own judgement, in little cases it favors them but still not recommendable because of the lower possibility of making profits from such investment.

You are wrong; no bitcoin investor who is accumulating bitcoin for long-term purposes and understands bitcoin will get scared anytime there's a dip; rather, the investor will see the bitcoin dip as an opportunity to accumulate more stash at a low price. If you see old bitcoin investors who are scared anytime there's a bitcoin dip, just know that those investors invest in bitcoin for the short-term profit, and they are scared anytime a bitcoin dip happens because it will delay them in taking their short-term profit from their bitcoin investment. We should always have a long-term mindset anytime we are investing in bitcoin so that anytime there's a dip, we will not panic but see it as an opportunity to increase the size of bitcoin.

There can be various stages in a new investor's bitcoin investment in which he might need to reassess his approach and determine the extent to which he might want to diversify beyond bitcoin and cash, and surely if he comes to bitcoin already with some other investments, he might choose to keep some of the other investments or he might choose to reallocate some or all of those other investments into bitcoin.  I would think that the more common path is to just stop or slow down investment in the other assets and to invest into bitcoin, yet there could be variations on how to handle such an already existing situation with other assets.

Yet even the person who just starts out with just cash and bitcoin, he could have various stages in which he wants to make sure that he is not overly balanced into bitcoin, so if he first builds up his emergency cash reserves to 3 months, then maybe he might also have around 3 months of expenses in his bitcoin investment too. .and then maybe he will continue to build up other forums of cash reserves and maybe he might build his bitcoin faster or maybe he might build his cash reserves faster or maybe he will try to build them up equally, and at a certain point, he is not going to feel so great to be building up so much cash, so maybe he will start to prioritize building up the bitcoin faster than his cash reserves, so then maybe he might consider that he needs to get his bitcoin holdings to be valued at somewhere between 10 years to 25 years of his expenses before he feels comfortable to consider himself at fuck you status, yet if he is ONLY at 1-2 years in which bitcoin reaches the value of his annual expenses, then he still might feel that he need to keep more value in cash, but he already has plenty of liquid cash in regards to various backup funds, so he might feel that he wants his cash to work for him, so he might consider putting some of that into properties, equities, bonds, commodities and/or cash equivalents .. and surely I am not even suggesting shitcoins even though some guys might put some value into something like shitcoin or even into business ventures (hopefully not money losers).   

So there can be various goals and/or threshold points to reassess the bitcoin investment and the extent to which to potentially have some of the value spread out.


People do get anxious and have expectations of getting rich quick, and they find reasons to be negative about bitcoin or to see various developments in bitcoin as negatives, whether it is blocksize and/or scaling considerations, considerations about mining attacks, considerations of KYC and AML type requirements, considerations of how governments might battle bitcoin, considerations of how various financial products (such as ETFs) might negatively influence decentralization, considerations that bitcoin had already gone up a lot so it is now a bubble, considerations of how shitcoins are stealing bitcoins market share because they supposedly have better privacy or scaleability of programability and/or some other negatives.

There are always going to be some reasons to consider that bitcoin's investment thesis is not as strong as it could be or should be, and so a lot of people have missed out on investing into bitcoin because they get caught up in fears and/or excuses not to act. 

I have no problem with guys believing some of the bullshit negative possible problems with bitcoin, yet I doubt that the various negative themes justify NOT investing into bitcoin, rather than justifying considerations to reduce position size.

Frequently, in the last 4 years or so, I have been suggesting that any beginner that they should invest 5% - 25% of the investment portfolio into bitcoin, and so if they have a lot of concerns, then they would invest on the lower end of the range and maybe even go below the range.  In the end each of us is responsible for our own decisions regarding both whether to invest into bitcoin and if we invest into bitcoin, then how much.  Choosing not to invest and/or choosing to invest whimpily into bitcoin are choices, and it seems that even the whimpy investor into bitcoin will have greater chances of being in a better place than the ones who choose not to invest, yet each cannot turn back the clock after 4-10 years or longer have passed and they made their choices on a daily (or weekly) basis regarding putting some value into bitcoin or not.

I don't like investing in shitcoins at all. All coins outside of Bitcoin are considered shitcoins. I totally agree with you, don't put all the eggs in the same basket if it's different. Similarly, diversifying the same portfolio is not a good choice. It can cause damage.

Every individual has freedom in investment. If a person wants to invest in SHITCOIN he can do so at his own risk. Although no one follows the rules of investing in Shitcoin, it would be wrong to call it an investment. Shitcoins are mostly traded, so you can keep a separate portfolio for Shitcoin and one for Bitcoin.