Topic: Buy the DIP, and HODL! - page 113. (Read 130153 times)

You are right when someone invest at the dump and then sooner or later the price rises the person will be on profit definitely and if the person sells the..., He or she will be seen as a trader because you buy and sell within a short period of time. You said the DCA investors don't take the temporary dumping of the market very serious, I disagree with you there's no investor that doesn't take dumping very serious unless they don't have enough funds to take advantage. Some investors who uses the DCA method always double there funds to accumulate more Bitcoin each time there is a dumping since DCA is a gradual process and will take a lot of time to accumulate enough..., And after the dumping they re-strategize to their normal way of DCAing ( using what they always use to accumulate) same thing applicable to other investors with different strategy of accumulating Bitcoin.

 I don't understand what you mean by thorough understanding, apart from knowing how to invest and how to manage your investment, when you have to invest and when not to invest because there a lot of people that don't know when to invest, what I mean is that there are people who have there strategy or method of investing and then sometimes they see it as compulsory to invest following there method and that is why they invest what they are  suppose to use for other things and later went back to touch their..., I don't think there's any other knowledge one need and if there's you should please let me know.

When the market is dumping, we have to treat this dumping as an investment opportunity. Because if the price of Bitcoin dumps and rises again and we can invest in Bitcoin during that dumping and if the price of Bitcoin pumps again after our investment, then we will already get profit. Basically those who invest in the DCA investment strategy do not take the temporary dumping of the market very seriously, rather they continue to invest in the market consistently. The biggest advantage of consistent investing is that there is no chance of missing the opportunity even if the market position goes down or goes up. Those who have a thorough understanding of investing and have an understanding of DCA investment strategy must adopt DCA strategy in their investments.

Yeah, I believe illiteracy is one of the main reasons people engage wrongly in their Bitcoin investment journey. Not only that this practice rids them of their emergency fund and increase the possibilities of preying on their investments when emergencies arise.

They can even record a significant loss at the time they prey on their investments within a short time and those immediate losses can discourage the new investor to continue accumulating. They might end up panic selling their investments and then join those calling Bitcoin a gamble or scam while it's their investments attitude that jeopardized the profitability of their Bitcoin investment.

The emotional implication of putting in all your money without backups can be exhilarating, especially if the market moves sharply lower than your purchase price, the investor would be obviously restless since he threw his whole livelihood into the investment. That's why it's better to use your discretionary income for your investment, do you can be at peace with price volatility and be able sustain your investment for a longer time while increasing your portfolio periodically using DCA and buying the dip where applicable.

Sometimes I wonder who gives these new investors the 100%  guarantee on their Bitcoin investments that makes them swiftly throw in all their eggs into one basket without recovery plans, it's good when you don't have just one investment entity, you can even diversify slightly to increase the security on your investments. While having good emergency funding to handle any that comes your way

Can't agree with you. It is important to have basic knowledge before starting investment. That is, if you have enough knowledge, you will be able to start investing. But the knowledge you mention doesn't seem to refer to elementary knowledge. After starting investment you need to acquire proper knowledge so that you do not mismanage your investment.


I don't think there is any need for the investor to test the market in the DCA method. Market monitoring is essential if you trade or gamble. Here you sound like a trader. When you plan to invest, buy when it makes sense. You don't need to monitor the market. If able to invest, buy and hold regularly without looking at the market.

The bitcoin is not going bearish... you need to learn how to talk.

The mere fact that there has been a correction does not mean that the BTC market has gone bearish.

If you DCA you might not give too many shits about BTC price moves, .. but if you are getting worked up about some kind of trading opportunity, then maybe you might want to pay attention to whether you might get some kind of a discount, but still seems like a lot of noise in terms of considering anyone who might be ongoingly accumulating bitcoin, especially if he might be in relatively early stages of BTC accumulation.

According to your forum registration, you have nearly 3 years of being registered on the forum, so if you were able to front-load your bitcoin investment, then maybe you can try to be strategic in regards to buying dips, otherwise, it seems difficult to presume that you would want to stop accumulating bitcoin.. even though you don't seem to know the difference between a correction and a bear market - even though you would have had entered bitcoin in a bear market, even though many of us did not realize that we were in a bear market until around May-ish of 2022.. ..so if you were paying attention, then you should realize that there is a difference between a correction and a bear market even though surely the bear market is a label that tends to be a lagging indicator by the time we actually would be able to know that we might transfer from our current bull market into a bear market, and by the way, it is not possible to be in both a bull market and a bear market at the same time.  That would be retarded... so hopefully you can appreciate the difference.


Most likely there is nothing wrong with anyone deciding to engage in a heavy lump sum investment of bitcoin at the very beginning, yet surely anyone who engages in a heavy lump sum in the beginning may well nee dto be prepared to follow up by either DCA and/or buying on the dip, especially if the BTC price runs against them, yet even if the BTC price runs against them, they likely would still end up o.k even if they don't do anything as long as they have a 4-10 year investment timeline, yet surely I personally would want to be prepared to continue to buy bitcoin if the BTC price goes lower than my original purchase price, yet these are surely discretionary determinations that are completely optional in terms of there not being any particular correct answer.  Many times, people do not have very many options to start out with large lum sum investing into bitcoin, so the more common situation would be that DCA would be the most practical of likely techniques for most people who are in their earliest stages of attempting to establish a BTC position, even if they also might be trying to heavily front load their BTC investments within a DCA kind of an approach.

Otherwise, I agree with your assertion, Dailyscript, that various forms of back up funds, emergency and otherwise can still be quite helpful to anyone, even if they might be attempting to approach bitcoin on a short term basis or even attempting to employ trading techniques, the emergency fund can still help to provide more options in case some emergencies might end up happening during the period that the person is trying to trade bitcoin or to play some kind of BTC price wave that might not end up playing out as expected.

If you are completely new to bitcoin investing then you must know and understand enough about bitcoin before investing in bitcoin and then you need to invest in bitcoin. You can get a lot of information about Bitcoin in the early stages on social media. But if you don't know how to invest by looking at social media investment, you may face losses. So you must invest with considerable amount of awareness when it comes to investing in Bitcoin. Many new investors lose patience very soon they are too hasty to invest due to which they face more losses so without losing patience we always have to invest with a long term plan and check the market if we can invest in this way then surely we can achieve bitcoin success which is  It will make us more interested in investing.

Then if surely there is such a person, I guess the person is insane/unreasonable or doesn't know the principles that guide investment strategy. And I will tell you that such a person will not do better in bitcoin investment. He will simply buy aggressively so quickly and sell his bitcoin holding. If you have such person as a friend I think you should inform him about the impending danger of buying agresively when they don't plan to follow the normal procedure which is buying bitcoin through DCA , buying the dip and lumps sum alongside having emergency fund and to strike a balance by having discretion to be able to buy regularly. If surely anyone does not follow this procedure then surely such person is bound to buy agresively and sell agresively.

To be a bit more realistic I think 1$ might not be feasible at certain times and it depends on what you would have to give away, like KYC data to an exchange. For those who want to keep it in a self-custodial wallet, 1$ investments would not be a great choice as fees would often times be a huge setback to someone trying to build a portfolio. If a good exchange is available, building a small bitcoin investment over time could be a good alternative. It's probably better if they keep some cash up to a minimum amount that makes the transaction be worth it and then buy some. 50$/100$ as you mentioned is a whole different story.

The parameters to determine the right amount of bitcoin that someone aims for could also vary over time. It depends on how the ecosystem develops and whether someone is able to improve their own financial situation, which would in turn lead to more potential investments into bitcoin.

I remember the times when faucets actually paid quite a lot. Back then nobody would have thought that using faucets would make any sense one fay. If someone constantly used those faucets from 10 years ago, it would have already paid off but I guess only a minority of people would have resisted selling those bitcoin when the first significant ATHs were reached. But once again the saying a penny saved is a penny got holds true here. Better start somewhere even if it seems to be negligible.

Why do you think we should wait until there is a bear market before we invest? Bitcoin investment shouldn’t be seasonal, you don’t have to wait until there is a bear market before you make an investment. If you have money, you can make your investment at any moment, just make use of the DCA strategy to accumulate your bitcoin. And whenever there is a dip in the market, if you have extra money with you at that particular time, you can just take advantage and increase your holding. But don’t wait until there is a dip before investing in bitcoin, because no matter how bitcoin dips, lots of people will keep on waiting for it to drop more and won’t invest.

Disregarding the importance of an emergency fund is very risky. Unexpected/life events may arise at any time irrespective of whether we choose to invest for long or short. Remember one thing is to invest and the other is to understand the importance of financial prudence and risk management when investing. Whether new or old investors it is wrong to invest all available funds into Bitcoin with the idea of lump summing or buying the dip without taking proper consideration on other financial necessaries like monthly needs, emergency funds and diversification in the long run. And again understanding the market cycle is beneficial yet it is not necessary to wait for a dip and price downturn before planning on starting or investing in Bitcoin. We may never get to the target price we hope for.

Well said. Which brings forth the necessity for proper orientation about Bitcoin also highlighting the risk and mental tenacity involved. I believe Social Media, fake gurus have pushed illusion of success, fantasies about Crypto space which isn't true to the masses which makes some persons take wrong steps.

In essence it advisable, we  manage our risks.

Emergency fund is not for short term holders but those who want to hold for long term. Short term holders are more or less traders hence they don't need to keep emergency funds because their approach does not require that. Emergency fund is setup to cover any unplanned things that the Bitcoin holder may face during the time he is holding. This will enable him protect his Bitcoin from sudden sell off so it is only those holding for long that are expected to setup the emergency fund.

This thread is actually focused on long term holders as can be seen from the caption. So all the suggestions and recommendations are directed towards long term holding. To better enjoy Bitcoin investment, we should endeavour to think long term. This way we would have ample time to build a Bitcoin portfolio that will grow into something significant and the risk is very minimal compare to those engaged in short term investment and trading that do incur losses when they can no longer wait, hence decide to sell when price refuses to move.

It is not advisable for anyone that don't have money to invest in bitcoin to wait till the bear season if he has the funds to invest in bitcoin right away because he is wasting the time that is he suppose to be using to build and grow his bitcoin investment gradually after missing the opportunity of starting earlier, because you don't know what will happen in future. For instance, instead of a no coiner that has worked out how much of his disposable income that he will use to start buying bitcoin now at 58k+ constantly for very long time to start waiting for the bear market that will come after the peak of the bull run next year.

It is better not to come up with ideas that will delay or deprive you from accumulating bitcoin right away as a no coiner so that you don't end up being a low coiner after 10 years and above and start regretting how dumb you were when you hand the opportunity to buy and increase your bitcoin investment overtime. The earlier the better for no coiners to start their bitcoin investment because bitcoin price and time waits for no one since you are investing for your future.

When you are going for short term hodling, do you still need this emergency money because we need to make newbies to understand why this emergency money is very important to BTC hodlers, but for short term hodling, I don't think this emergency money is important to them because they are hodling the BTC in a short period of time before they can sell to make money. Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell, which is the best season many people use to sell to accumulate profits from BTC investment, but as a newbies, don't invest all your money in BTC because you need to have the experience like the old investors before you can take such risk in the future.

You can invest in BTC, whenever you have the money and you will be happy to hodl BTC because if you miss this season bear run base on, you don't have the money to buy BTC, you can prepare yourself against next bear season which is what make many people to value BTC hodling than other cryptocurrencies.

There are lots of ways to accumulate bitcoin or start from scratch. Bitcoin has big plus that you can start with as low as 1$ and there is no upper limit also. But to me the key factor in Bitcoin investment is consistency, even if you are investing 50$/100$ per week make sure you do it with consistency. There might be times when someone will have extra cash and he can invest more at that time. Such strategy will help people with low cash in getting good amount of Bitcoin (or your desired number of Satoshis/Bitcoin) over a period of time. Our first and foremost target should be to get our desired number of Satoshis/Bitcoin and then we can adjust our investment accordingly.

Maybe you haven’t seen someone like that before, but it’s really happening. I have come across different people who are ready to invest all the money they have with them in bitcoin. Just because of what they hear about bitcoin from other people, they already think that if they invest in bitcoin, they will quickly be able to increase their money, and they don’t even know they can lose when they invest in bitcoin. Most of the people who do crazy things like this lack basic knowledge about bitcoin, most of them are new to crypto, and they just follow what they see on social media.

For sure you can start investing in bitcoin with small amount of money but that will be possible if you have just enough to meet your basic needs first before you take the bold step because if you don't, there is no way to hold bitcoin when you are hungry or your family are hungry. If you are a father, you cannot bear seeing your children crying for food and feel comfortable investing the little money you have into something else and holding such investment for a long term. This is why I think it is better to consider investing only when the funds is not supposed to be used urgently, that is you can sort yourself out without resorting to selling your bitcoin.

Indeed we have another opportunity to add more to out bitcoin holding because the price is very attractive now. There is no point waiting for further dips unless the play is to continue to buy all the way to anywhere the price might decide to turn from. In my observation, the most suitable way to go about buying bitcoin under the market condition is the DCA method. This is because you never can tell if the market will be willing to go lower from this point or if it will range in that zone and start moving high thereby making those waiting for further dips to miss the chance of entering.

I see the market as offering free money now to those who can see the opportunity therein. This is because the retracement have been long and by now their are already a lot of people who have secured their position and others still doing so now.

Using all your salary to invest in bitcoin is our gambling because how will you survive or take care of your monthly expenses or how will you be able to hodli you bitcoin investment and grow it for a long period of time. Whoever uses his full salary to invest in bitcoin will run at loss because with the way bitcoin price fluctuates, you might buy bitcoin and when you want to pay for your electric bill bitcoin price have dip, you sell with no options because paying your electric bill is very important. Infact, I will say that it is lack of seriousness with life that will make any dumb person use all his salary to invest in bitcoin.

If it is not part of your discretionary income and the right amount that will make you keep your DCA ongoing overtime, there is a high odds that you will sell part of your bitcoin when an emergency arises because you will be short of funds to take care of a real emergency when it arises. When you over invest aggressively with DCA, it is a bad practice because you will end up shooting yourself on your foot by selling what your were building faster because your were in a rush.

DCA is the best for new investors but it must be done with proper cash management and availability of emergency funds and reserve funds so that you will be able to hodli for long without any problem that will may you fall back to your bitcoin as the only option.

One can cut down his expenses in other to invest in bitcoin or look for a second means of income in which he can use the pay from the second job as his discretionary income to enable him invest in bitcoin if he is willing to invest.

The minimum emergency fund covers 3 months of needs, it would be better if you have 6 months of reserve funds then it will be safe when in an emergency.
Because indeed if the emergency fund is not prepared, the BTC will be sold partly to cover the needs, especially if it is sold at a loss, it is clear that your investment losses will not grow because it continues to be disturbed by your needs.

Investing must have a stable income, especially if there are other sources of income then it is better because it will cover all needs how many percent will be available for bitcoin investment.

If income is still small increase income opportunities first or hone skills that can make you make more money after that you are ripe in investing bitcoin with its adjustments.

We have been saying it continuously and it has happened again, now that the market is gong bearish for some investors to find it more suitable for their entry opportunity using any investment strategy or pattern like buying to hold for a long time investment or DCA at this time, the both are useful in having consideration towards, though we may also need to work more better on our strategies before investing, as sometime it also help along in achieving the best of the investment plan we have set as priority to do.