Topic: Buy the DIP, and HODL! - page 120. (Read 130276 times)

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But why? I was merely making a point that a lower average entry price for the same amount of capital used will be holding more units in Bitcoin compared to the person who bought Bitcoin later, and therefore would make a better Return On Investment.

OK, to make a more practical example, the total cost is $60,000 for Investor A who bought Bitcoin with an average price of $2,000 vs. Investor B who bought Bitcoin with the same amount of capital but with an average price of $1,700.

That 5.2941 units in Bitcoin would definitely make a very big difference if Bitcoin surges over six digits, no?

I agree with you new bitcoin investors should have patient and they should not make rush into things. Make decisions rapidly can lead to losses but take your time and wait for better entry can bring success. It is important to have some plan and wait for right time to invest. Patient is key when investing which always helps newbie and it helps us to avoid making mistakes. Learning about bitcoin and about market is also good because it help us to make good decisions and reduce risk of losing money. With patient and having knowledge about bitcoin new investors can do well in bitcoin investing.

Those who are new to investing in bitcoins have other important things to do besides checking the value of bitcoins, for those who are new to bitcoins it is very important to invest patiently. Many times it is seen that new investors are too hasty to invest and due to hasty investment they may end up in losses rather than profits. We should always have a long-term plan before making new investments. If we have a long-term plan and wait patiently to see what the market wants, we will surely achieve enough success through investment that will make us more interested in investing. Many times we lose patience so we should not lose patience. Patience is very important in investing. If we can invest with patience then we will be very successful in Bitcoin investment. The most important thing in Bitcoin investment is that we should first gain enough awareness about Bitcoin market. If we know enough about Bitcoin market, we will invest Bitcoin more carefully.

Target price has nothing to do with selling off your bitcoin, they are two different things in your accumulation process. People sell off due to panic and not because they don’t have a targeted price for their bitcoin savings. You may have a target price or might have even reached the targeted price but would be tempted to see when there’s a huge crash in the market. Those moments of crash (dip) are meant for you to add more bitcoin to your savings in order to reach your target if not reached yet or learn to be patient throughout the period of the dip and not forced to sell at loss.


Your friend was a scalper and not a long term investor of bitcoin as you called him. Bitcoin price is not that volatile like other coins that you’ll immediately want to sell when there’s a little profit from it. Your friend is always selling when there’s a profit on the investment, that means he invested to get the small profits, then leave the market. If he had been selling when there’s a fall in the market, I would have said he’s trying to get over his emotions and he’s panicking to sell as he’s scared of losing his money as a newbie who’s yet to perfect well how the market work and how he can use the market downturn to his advantage always as a supposed long term investor he wants to be or calling himself already.

Newbies to Bitcoin investing should always keep an eye on the market, because the more information about the price of Bitcoin in the market, the more attracted new investors are to investing. Now generally in terms of investment newbies can invest the most because the bitcoin market is dumping now so regular investment following DCA method will definitely lead to success. 

But the price of bitcoin is going down so bye should not panic and invest more. Bitcoin investment should be done in such a way that it is possible to be sufficiently self-sustaining by making regular investments. And while new and old investors are definitely having the most success doing this DCA method, this strategy is the single best strategy for investing in Bitcoin.

Of course, in the next 10 to 20 years, many people will look back and bite their fingers, blaming themselves for not taking the risk and investing in Bitcoin when the price was still below $60k. At this point, many individuals will regret not purchasing Bitcoin last year when the price was around $25k, and others who did will wonder why they didn't accumulate more when the price was still lower. It's better for those who want to invest in Bitcoin to do so while they still have the opportunity because they will regret their actions later.


You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.

It is impossible to know when bitcoin price will dip and how long the dip will last or the bottomine of the dip because no one can predict bitcoin price movement,talkmore of timming the price of bitcoin when it will dip because I see it as a waste of time and stress in which you are putting upon yourself as a new investor and this is why most traders run at loss. If a new investor wants to wait for the dip, he will end up having very little quantity of bitcoin of overtime, and this is why it is important for a new investor to start buying immediately he has the money to get started because that is the best time for him to buy and not when the price of bitcoin decreases.

It seems that you are more of a trader than a long term investor because you are saying that if the price of bitcoin decreases that it will lead to massive profit when I know that it is not possible for that to happen because it is the amount of bitcoin that you have in your portfolio and how long that you have hodli is what will determine your profit and that is why brand new investors only need to focus on DCA method to buy bitcoin regularly, persistenty and continuously for 4-10 years and above in order for them to acquire a significant amount of bitcoin overtime so that they can make good profit in future, and not waiting or timming the dip that you don't know if it will come or not.

concentration of bitcoin investors lies on the price, about 80% of investors consider the future price of bitcoin before they invest on it, I know that whenever the price of bitcoin decreases in value many investors utilize the opportunity knowing that the possibility of the price getting increased is that high, and that's why you can see Bitcoin investors targeting the price of bitcoin to decrease so that they can use the opportunity they use such opportunity to make profit massively, the beat time to accumulate bitcoin is when the value or the price decreases

Your focus is on collecting Bitcoins then keep going. Don't think about things that aren't important because that will make you stressed. focus on your goal to increase btc holdings in your portfolio. It's true that DCA is good enough to continue to use throughout your investment journey.

We have to see that bitcoin supply is limited and potential new investors continue to join bitcoin, so don't delay purchasing every time your DCA matures.

Fomo on bitcoin is better than Fomo on unclear news. What this means is that our Fomo only focuses on our planned purchases and we shouldn't skip them.

Whatever it is, I agree with your opinion because you have shown how enthusiastic you are in managing your investments for the long term and especially that we continue to strive to achieve a level of satisfaction with BTC ownership.

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits. A well knowledge investor will understand that lump summing works perfectly during DIP because it will definitely pay huge when the price of Bitcoin begins to kickoff but then how long should he wait on the DIP, more reason why the DCA strategy becomes the most suitable and relevant way of accumulating, the DCA creates those perfect opportunities with ease and likely when the financial strength is ready.

NO. The DCA method does not require you to check the bitcoin price all the time. As an investor who is using the DCA method to invest in bitcoin, you can continue investing until the time you want to stop. If you say you must check the market all the time, that means there is a certain price that you want the bitcoin price to reach, and you will stop investing. If you want to invest, just have a long-term investment plan and continue doing that using the DCA method, as it is the best method of bitcoin investment. After a long time of waiting, you will gain enough profit from the investment. 


This is another season/opportunity to increase my investment in Bitcoin. Because the market is now low, I don’t is right  time to consider exiting. As an investor, the smartest thing you can do right now is invest as much as possible to build up your bitcoin holdings.

After this period, you can decide whether setting your target  is simply investing rather than leaving the market. However, given the current market conditions, I would rather make a long-term investment plan  than a short-term one because I want to earn a good profit, and because I purchased it at a cheap price, I will wait a long time until the market has risen significantly before selling.

Imagine trading Bitcoin this year with the way the market have behaved, the number of times such trader would have taken a loss would have been countless. The real winner this year are not those trading Bitcoin for short term gains but those accumulating for long term HODL. Since I am using mostly the DCA method and also combining buying the dips, I have been enjoying the process so far because the market have given me the opportunity to meet most of my target in terms of the quantity of Bitcoin I want to achieve for myself. Assuming the price rose drastically after the ETF and halving without offering the compressions and retracements we have seen, it would have been difficult for me to meet my Bitcoin quantity target.

I chose to work on the quantity of Bitcoin I want to get and not the dollar value because this way I will not be worried about the price, no chance to FOMO or whatever. The goal is just to collect as much Bitcoin as I can get when the time for the DCA reaches or buy more when there is reasonable retracement in the market.

It depends on the level of the beginners financial strength. A wealthy beginner in Bitcoin investment can choose to lump sum if he can afford it. However, it can be risky to beginners who cannot afford it as if they try to put all they have in the investment they are exposes to risk especially since there knowledge is still growing. Dont forget that an investor may have good knowledge of investment and still make wrong decision making at the end. Its not because they do not implement their knowledge so well but in way they tend to listen to opinions from other investors and such opinions are favorable to those who gave them because it suits their risk tolerance and accumulation goals. Any decision we are making must suit out investment goals and risk tolerance if not even our knowledge wont help us at the end of the day.

This aspect caught my attention, if you are investing, then its very important that one should have a target time for the entry as well as the exit, because you cant just jump into investing without considering for the perfect timing suitable for you, that is why some will first ask if they are to go for long or short before knowing their entry point for investing on bitcoin, though this also have to do with the market season, as just with what we are having now, we can see how volatile the market is everyday rotating round $50,000 and $60,000 and this is for us to sit and speculate well in other to know what decision to arrived at with the way of the market performance before starting, then we will have an idea of either going for a long or short time investment.

The DCA method of investment have made bitcoin very easy to invest. Some people have the mindset of before investing bitcoin that they must have fine amount of money to buy bitcoin to invest but the DCA method of investing have made it very easy for investors to accumulate amount of Bitcoin that they can afford to invest in.  Some people believes when bitcoin goes dip(low price) that's only when they can buy bitcoin to invest and this understanding have made so many people to miss opportunity of accumulating bitcoin.  DCA method is a very good one to apply in getting enough bitcoin, after sometime you will be so surprised that you were able to accumulate such amount of Bitcoin. 

We have the DCA method to prove a point to those who think bitcoin is too expensive to invest and they can only invest it when the price go dip which is wrong. With the DCA their is no perfect time to invest bitcoin and their is no specific amount to invest in bitcoin. Dca method is for those who can afford fraction of bitcoin and with time all that have been accumulated becomes big which will be bring good profit with time.

Yeah past mistakes put together are what will call experience, no investors that has been investing for long now we say he or she has not made mistakes in the past, we learn from our mistakes and that of others to become better.
There are a lot of long term investors that don't have a targeted price they want to reach with Bitcoin and there are some that has such price tag which they want to reach with Bitcoin and for me I think having a target price will give you more sense of belonging and since you have that focus you will not be tempted to sell off your bitcoin.
I have a friend who is into Long term Bitcoin investment when ever he holds his Bitcoin and Bitcoin hit a certain price he was always tempted to sell little and he will, that was how it was for him until he decided to have a price target which he wants to reach with Bitcoin and that was how the temptation to sell when ever there was an increase in Bitcoin price stopped.
So I think having a price target with Bitcoin will help you hold your Bitcoin very well without the feeling of selling, it will increase your patience level.

That's really nice to hear , there's two things when it comes to learning one putting what you have learned to use . Or learning without it showing any effect in your lives. Well alot of people learned but they don't know how to put that they have learned to work inorder to develop themselves. Which is not encouraging at all , because at the end that knowledge may go to waste.

That's why is not all about learning alone , but also how to put those knowledge to use there are alot of folks at there that know about DCAing but they can't put it to good use in building a better investment (bitcoin) for themselves . Instead they just keep accumulating knowledges without having any bitcoin stashes in their portfolio. Because all this knowledge we keep learning from this forum will surely help us to secure a smooth investment for ourselves.

You are correct.  When you really consider how aggressive that you are able to be in regards to your DCA amounts, then it forces you to really figure out what is your disposable income so that you don't end up spending beyond your disposable income.. so there are a lot of ramifications that come in regards to your cashflow management and the extent to which you have various backup funds and how you categorize those back up funds... which like you said, has considerable abilities to bleed into other areas of your life.. since you likely are forced to really think about whether you have extra money for DCA or not.. and even considering the application of such DCA every week will force you to consider if you have enough money every week or maybe there are some weeks that you have to skip your DCA, but if you really get your finances, together, then you might realize that you can structure your various cashflow systems in order that you buy at least a little bit of BTC every week, so you will have some weeks that you buy more and other weeks that you buy less, and after you do that for several months, even 3-6 months or longer, you start to become more and more in touch with what kinds of cash cushions that you have in place (and whether they are enough.. to get you from week to week, but also from paycheck to paycheck and beyond).

I don't know who have observed this, but DCAing for a while now consistently has helped me beyond just accumulating Bitcoin, it's now like a lifestyle and I'm beginning to notice some new level of increased  consistency and resilience in my job execution which brings about various degrees of success to my career and personal life.

It has also increased my financial intelligence and increased my money management skills. I see myself planning very well before spending since I know very well that I must increase my holdings every week.

Most good habits we form has a way of helping us become better in life and I think DCA strategy is one of that has made me more financial literate and made me a more disciplined person generally.

I'm not quitting soon, Whatever helps me grow personally, I don't mind getting addicted to it since it's benefits are great, so I'm going to be DCAing for a very long time.

We can agree to disagree, and you can choose to place whatever level of additional stress upon yourself as you like.

Personally, I think that it is way better to try not to overthink matters of how many additional BTC you might be able to get if your average BTC purchase price were lower, since largely it is not going to likely matter as much as you think that it does, and whatever, you are free to your own perspective... including if you saying that you are o.k. with following the ideas of DCA, yet at the same time, you are holding back a whole bunch of fiat because you are hopeing for BTC prices to drop lower.

All that extra fiat you were holding back in September and October 2023 did not fare too well when the BTC price went from $25k to $40k or $50k and you were still waiting for lower $20ks or even sub $20ks that did not end up playing out.

Yeah, you can rationalize all that you like regarding the value that came from your failure/refusal to spend your money at that time... and in the end, you are the one who has to make the judgement and to live with your decision, since none of us are going to be very concerned if you could have had bought an additional 0.001BTC or not.  You have to be happy with your stash and your stacking techniques...and whether you whine about and second guess yourself about you could have had more blah blah blah.


Fuck off with that nonsense of screwing around with the hypothetical.

I am trying to give you a somewhat realistic example that highlights the difference between someone who might have had taken a somewhat whimpy approach as compared with another person who took a more aggressive approach.

sure, there can be all kinds of variations of in between, and even the guy that I am claiming to be aggressive, I already say right with the hypothetical that he was being as aggressive as he could have had been through the last 10 years, but you still want to describe some circumstances in which the guy has an ability to be even more aggressive than I described.


No. The guy was not able to buy 30 BTC in 2014 or 2015 or 2016 at $600 per coin... .. he dollar cost over the years within his means, and I even described that in the beginning of his investment into bitcoin, he was ONLY able to buy $10 to $20 per week worth of bitcoin, but he continued to be as aggressive as he could with his BTC buys over the years within his means..

You want to fantasize him into having some other kind of circumstances in which he would have had been able to buy $18k worth of bitcoin in his early years, and he did not have $18k.. and in fact he only had $10 or $20 per week in those early years and he was scraping to do what he could to buy bitcoin.  Did you not realize that there are people who do not have any kind of savings at all?  They are barely scraping by, and it could be arguable in regards to whether they have any discretionary income at all, so they almost have to force themselves into a situation of having discretionary income by increasing their income and/or cutting their expenses to struggle to even figure out a way to have $10 or $20 that they can use to buy bitcoin, and you are all of a sudden wanting to proclaim some imaginary scenario that all of a sudden they are going to have $18k extra that they can invest into bitcoin, when they are barely getting by?