Topic: Buy the DIP, and HODL! - page 117. (Read 122049 times)

I don't think If our  previous conversation was about piramid quote, thought my quote might come with some quote but the original information has it link. The one we where talking about is the type of quote without reference link which is almost impossible to locate or know where the exact word was used. But looking at this quote you will know the exact person I am quoting. There is no big deal sometimes we might chose to cut it and sometimes we might chose to combine it to make it look more interesting except the quote is getting to 5,6,7 to 10 quote altogether is a bad one.

In as much as I couldn't understand or interpret the message you are trying to pass across due to grammatical structure, I still think there are some information that you talked about that are not correct in anyway.



I was quite disappointed after reading this first part of the post, because it seems some people don't even know what DCA means since the introduction of this thread.
Of course, I can't dispute the fact that DCA method is an easy strategy to pratice, especially as a new investor, but the question is do you even know what DCA means and how it is done ?.  Well let me give you a brief explanation:
DCA also known as Dollar Cost Averaging( in full), is a strategy that allows investors to invest same amount of money at regular interval. Which means an investor might choose to invest $70-$100, let's say every first monday of the month. This investment should be made regardless of the market condition and price of Bitcoin.

So by saying we can" invest with the amount of money we have" is misleading.

And also, by saying " we don't need to manage enough money to invest" should be thoroughly reviewed and corrected as well, because I see no reason why we shouldn't manage. Managing our income even helps us better in identifying a specific amount that can be maintained (for dca purposes) over a long period of investment term. If you can't manage your funds, then sorry, you might be tempted to slash what you've agreed to be your DCA investment funds.

Like I have always pointed out, there must be proper planning. You must know your strength and how much you can genuinely invest at regular interval, and not you investing just what you have(calling it a DCA strategy).


Your information is somewhat confusing. You are unable to distinguish between who is making the dump and pump, to the investor you are talking about. Morever, I personally don't use the word pump and dump for Bitcoin, but use them for shitcoins.


This is clearly what you think, but trust me when I say that some investors, especially those who buy massively don't use this strategy. And that doesn't mean that they are not aware of this strategy, because it's totally their choice to choose which strategy to opt for. But the reason why we encourage the dca strategy on this thread is to help new investors accumulate with ease and with less risk, morever, I use this strategy as well. These are my opinion.

Many people should have accumulated some amount of Bitcoin by now if they have followed this DCA strategy of accumulating Bitcoin. However, due to waiting for the price of Bitcoin to drop lower, they still haven't started investing in Bitcoin because the price has not come down to the level they have in mind. Surprisingly, those who even started recently using the DCA method of accumulating Bitcoin, some of them are even in profit now as the price of Bitcoin keeps increasing.

So, I think it will be better for anyone interested in investing in Bitcoin to start at accumulating at any price using the DCA method of accumulating. Whether it should be monthly or weekly, this method will help them get Bitcoin at different price levels. It is very hard to predict the Bitcoin market. Many have tried timing the Bitcoin market, but they have failed. The truth about accumulating Bitcoin at different prices is that you need to hold for a long period of time before thinking of taking profits.

yes, I am a beginner who uses the DCA strategy to accumulate bitcoin which I am targeting for long-term investment, here I use the DCA strategy instead of other strategies because this strategy is easy to implement, and for me DCA provides a solution to investors like me who only rely on my monthly salary to be able to feel the benefits of investing in bitcoin, I just think simply, I allocate part of my monthly salary to invest in bitcoin, the same as me saving my money for the future that I plan, I don't really look at market developments, this will slow down my investing due to panic and that can mess with my thinking.

dca investment strategy has made our investment so easy that now we don't need to manage enough money to invest with that money but we have the opportunity to invest with the amount of money we have at any time of the market. What else can an investor get from this? One of the major advantages of DCA investment is that in this investment strategy, the investor is invested at almost every price point in the market so that when there is a lot of dumping in the market, the investor invests and when there is excess pumping in the market, the investor invests.  

By investing in two phases of the market, investors have the potential to make a profit even if they over-dump and over-pump. I think investors who know about DCA investment strategy will definitely not want to invest in any other investment method.

This made me remember when I was debating with a friend about whether to DCA or Lump sum and which is the best strategy. We couldn't come to any agreement because both have several advantages which means they are both good strategies but it depends on the investor to make a pick to use for Bitcoin investment. I agree that we should consider our allocation in Bitcoin and whether the risk tolerance is suitable to continue using the strategy we are using. And it is not a criterion that we should stick to one strategy till the end. It is allowed to make necessary changes to a different strategy when we are not comfortable with the previous one.

Having high or better average returns is not the point of DCA. The point is instead to reduce the risk of a large loss and/or reduce the variance of the portfolio. It is important to assess how well it accomplishes that objective when we compare it to a lump sum. DCA is not the only way to accomplish a good portfolio. If we can live with the x% possibility of it being the best strategy then we can as well believe that the Lump sum can yield good results when pratised accordingly. What is important at the end of the day is that we adjust our portfolio to suit our level of risk tolerance.

You're making the same pyramid style while quoting. And I believe Jay has corrected you on this as it makes it difficult for one to find what you are referring to.

I believe this thread will be useful for you - [TIPS] to avoid pyramid quotes (for Newbies)

Waiting for prices to fall will slow down our investment, for long-term investors it is not recommended to use this strategy, therefore the DCA strategy is very useful for those of us who want to invest long-term. buying regularly weekly or monthly from the money we allocate for our investment needs is the best solution. It is not right to wait for prices and yes I agree we cannot wait for prices to fall, we cannot predict the rise and fall of prices. There is no right time to buy when prices are falling except certain times such as bearish. The right thing is to continue buying and not be influenced by the market, because the main goal is for the long-term investment that we set. holding for a long period of time will give us benefits. The most important thing is that we have to be patient and buy with money that is really for our investment needs and does not interfere with our spending.

your highlights is very explicit concerning the historical analysis of bitcoin but its very doubtful for a 450% price increase and bitcoin setting a new ATH of $330,000 per coin in this year 2024. Saying so or comparing with such analysis, simply suggest that the price is determined or manipulated. How is that so possible, especially when we are still waiting for bitcoin to reach 100k which is still not certain and realistic rather than 3× of it. Common mate such a high percentage 450% is not worth having the thought of it to be realistic in this 2024.

Buying bitcoin with either of the strategy (DCA,  buying the dip, lump-sum) that aligns with our investment aims and according to our financial power with a perspective to HODL for long period will definitely be profitable and successful.

The idea that Bitcoin has an occurrence cycle or a pattern that Bitcoin will go up because it has gone up in the past has blinded so may person to make ideal instead of realistic decisions in their investment. I presume that you are trying to give us an actual theory of why Bitcoin will maintain its value and grow over time, but you have to be realistic in doing so.

I think the value of an asset concerning time should be measured based on the quantity of the asset you have accumulated so far.

$65k = 1BTC (Longevity for one year period, perhaps value increases to 70K then profit should be 5k)

$20 = 0.00031 BTC (Longevity for one year period, perhaps value increases to 70k then profit is less than 5$)

We can be having little portion of Bitcoin or invest little and be expecting a good profit after Hodling. What should be focused on is accumulation. Every strategy that will make us have enough of Bitcoin.


You're wrong here and you are giving yourself unrealistic things that were not promised by Bitcoin, and you are mistaken about everything in general. Buying the dip can be appealing but it is not a guaranteed strategy. Bitcoin is known for volatility so you should understand it. The price can go up x% and go down X% overnight for any reason. There is no guarantee that a dip you buy will be the lowest point before the next bull run. As an investor always be prepared that the uncertainty is high, and Bitcoin can go both directions. Which is the main reason why it is advisable that we should DCA and while doing that we can keep some cash for dips if it happens.

You are correct they are just like gamblers in the Bitcoin market who sees Bitcoin investment as a get rich quick investment who's aim is to make profit in Bitcoin investment in short hour. While those investors that know the true potentials of Bitcoin will see the dip in Bitcoin as an opportunity to accumulate more Bitcoin and HODL for long using any of the Bitcoin accumulating strategy to accumulate more Bitcoin.

yea truely lump sum is another easy way of investment strategy that allows you to invest once at ago and never stress up to regularly buy bitcoin through DCA. though that doesn't mean that some folks will not preferably chose other strategy against lump sum too like buying the dip, because I know  that not everyone will like to combine the 3 investment approach all together. some may chose DCA while some will chose lump sum, and some will only like buying the dip. so each person will chose the investment approach that is easy for him and which it is not a must that everyone will follow all approach, but for a better investment goal all investment approach is needed for a better acculturation process.  why I chose DCA as top priority is because regular buying of Bitcoin through DCA is like getting addicted to invest and saving from unnecessary expenses. you always recite it as a poem in your head to invest all the time, it gives you that impression and constant zeal to always buy regularly Instead of wasting some money for fun on weekly or monthly basis. because there some persons who recieve a huge amount in a contract or some business deal and invest in lump-sum for interval of 4-10 years and stop investment. where as they have a well paying job that gives them a regular payment every week or month which could have been used for regular DCA and buying the dip but they think that they have money in bitcoin which they have a 4-10 years plan, and may spend some money recklessly because they didn't deciplined themselves for regular DCA. I can say that DCA is another way of self deciplined that allow you to make judiciously use of your money without spending it any how and indirectly creating wealth for the future or for our children

Those people who get that tendency to be emotional caused by the smallest negative price movement of Bitcoin are those people who want to take profit in fiat. HODLers are in a different mental state. They WANT those DIPs, whether they're buying the DIP are doing DCA. It's simply another opportunity to buy more units in Bitcoin.

Plus if you're a HODLer you should actually have a good understanding of the basic technical side of Bitcoin. It helps not to panic because you know Bitcoin has massive potential value, although sometimes there might be some anxiety. We are still humans.

You talking about ATH, I see no errors there but talking about when a new Bitcoin investor should buy Bitcoin, I think for the person to wait for the dip is not a good idea. Waiting for the dip only proves that you are skeptical about Bitcoin price, which means you are thinking that Bitcoin will continue to increase and you won't be able to buy Bitcoin at a high price, as a Bitcoin investor you are supposed to withness the up and down of the price of Bitcoin, and not only the success, but you should be rest assured that you will never sell in loss because you are going for a long term.
If you want invest don't wait for the dip because DCA doesn't say one should wait for the dip before he or she start investing on Bitcoin. And again, if you are applying DCA method on your investment buying Bitcoin weekly is the best way to to use DCA method, if you are being paid $100 a month you can decide to invest $40 on Bitcoin which means you will be investing $10 per week and with time if you get to be promoted and salaries are doubled you can also increase the amount you are DCAing with (depending on how much you are paid).

Yes you are right, we should not wait for dip market to invest, we should continue investing in DCA method for long term. Now if someone waits for the price of bitcoin to fall, then it may happen that the price of bitcoin may rise instead of falling, then he will not be able to invest. So before investing in Bitcoin we need to decide to hold the investment for long term. It is true that if one invests in Bitcoin and holds it for a long period of time, he will surely profit. Keep investing at any time in any situation and hold for long term.

People always want to hear good things about a particular investment but fail to ask the necessary questions about such investment, individuals don't bother to know the durability and the reliability of the said investment, I think most times I feel that people are misled based of their mindset, someone is been convinced because of what he or she believe, our mindset sometimes makes us to believe what people tell us, I think before we believe in anything called investment, no matter who is putting us through, our question should always be the disadvantages of such investment because many people tell imdiviafuals what they are already expecting to hear and they fall cheaply for it because of their curiosity.
With my little experience, no matter how shitcoins rise, this will always happen once Bitcoin price is high, so anyone wanting to invest in shitcoin should first of all understand that Bitcoin controls the price of other coins so atleast with this understanding, an investors choice of investment is made easy.

The dip is one the characteristics of Bitcoin which is also a great opportunity and advantage for every investors to accumulate enough Bitcoin as much as possible and hodl for the future it is an opportunity regardless of any strategies an investor chooses to accumulate Bitcoin with, for me I still use my DCA strategy to accumulate Bitcoin and the dip has been an opportunity for me to accumulate more and more Bitcoin.

It was definitely an opportunity during the downturn that investors should BUY as the German government's uncontrollable actions left us with more bitcoin due to DIP buying.

Although not sure if this drop will happen again in the future just that we already feel satisfied buying last week with more because the discounted price will not come twice in the near future so investors who take advantage of the opportunity are pretty good.

If Mt.Gox has transferred its assets to an unknown wallet, let's say this is the start of the price distribution back down, we are ready to carry bags to fill bitcoin again that's how we accumulate more bitcoin with the news of the existing panic.

while it's not improper to be bullish with your investment and to make comparison between past and current Bitcoin circle, I feel you're rather being too ideal and less realistic as though Bitcoin prices are predetermined or as if they are manipulated and that we
 are 100% certain to witness similar or same figures for all the circles. From what's obviously playing out at the moment, I can't agree with you that we might be seeing as much as $330k just this year. We've obviously seen a gradual but consistent bull run even before the halving up to a $73k value and surely hope that it goes to $100k in no time but that's never a reason to talk about numbers as though it's just all about calling numbers without paying attention to the details that makes those numbers realistic.

Accumilating with the DCA method is what helps you not to be too fixed on numbers and become too expectant that Bitcoin will all of a sudden fly from $65k to $330k which is almost 5x it cute value.


I don't know why I find this statement a bit manipulative and I feel it might presurise an average investor that comes across it to believe that investing in Bitcoin is an ideal process where you just keep your money and leave it for a number of years and bum, it goes all high to the sky.

Your charts is very explanatory and also in as much as buying at dip is okay but you should Also understand that buying at dip doesn't guarantee your success on the Bitcoin investment but on the contrary what makes you to become successful in your Bitcoin investment in the future that you will see yourself to be sufficient in Bitcoin investment is consistent accumulation but I realized that numerous of people believe that everything ends when they buys the dip without having the idea that continues accumulation determines what there achievement will be in the future.


Over expectation is one of the things that is seriously affecting most people towards investing on Bitcoin without realizing they are making a serious mistake because I could remember very well during the time Bitcoin price was still at $56k and some persons were not still satisfied to start investing on Bitcoin but instead they were still expecting more dip and before they no the price has bounce back.


Of course that's exactly what so many people failed to understand because Bitcoin investment should be something of joy and passion as you continue investing and not something someone would venture into start panicking of the price going sideways, so actually there is no joy compare to the joy we are having through holding because with all the so many negative talk about Bitcoin price it doesn't affect me because I'm seeing Bitcoin on different angle they are looking at it so I will always continue my accumulation.

I agree with you Airtelbuzz is like As-Soon-As does not understand what he is saying and he is contradicting himself because it is only DCA method that can be used to buy regularly weekly or monthly and that gives you the opportunity to buy bitcoin in all price level.

The dip comes like a thief in the night when we don't expect it to happen like what we saw recently when everyone thinks that bitcoin price will pump but instead it was the opposite and that is why there is no need as a new investor to think of buying at the dip because it is not for new investors or low coiner to think of since it will be a distraction to them from staying focus to build and grow their bitcoin portfolio.

DCA method is the best and just keep it persistent and consistent not pausing for any reason. One thing that baffles me is that new investors always talk about the dip as if they can predict the price of bitcoin when no one knows the next move of the market. The question to ask yourself as a new investor or an investor who only have little bitcoin is what if he dip does not come. Buying at the dip is for investors who have acquired a certain level of bitcoin and it is only when they buy at the dip that there bitcoin portfolio will increase significantly.

As-Soon-As is thinking of trading and not long-term investment if not he will not mention making profit in the next bull run because an investor is only to keep on investing and not thinking about short-term profits because the profits of a long-term investment is the highest and that is where our goal should be focus on.