Topic: Buy the DIP, and HODL! - page 121. (Read 130283 times)

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down. Excessive market review can be detrimental to the DCA strategy. Lured by the lure of higher profits, you may shy away from DCA. This would not be desirable at all.

I don't think it is that necessary to be following the Bitcoin price market all the time when someone is involved in using the DCA method,which means buying Bitcoin on a regular basis. If someone has set a plan to add a certain amount of Bitcoin to their wallet every week or every month, based on when the money is coming to them, they don't need to focus on the Bitcoin market price because that can be a distraction. If the market is dipping, someone might think about waiting for a bigger dip to buy in the following month or week. If someone is using the DCA method, checking the Bitcoin price all the time is not ideal, in my opinion.I have a friend who is using the DCA method for accumulating, but due to constantly checking the market, he tries to wait for a dip before buying. Instead of buying every month like before, he now sometimes buys after two months, trying to get a better dip.

Bitcoins is still giving new investors and low coiners the opportunity for them to buy at a cheap price because the little fluctuation in the dip price is an advantage for them to continue buying regularly stacking up their bags without looking back or waiting for no reason. One might not see this opportunity again since we are about to enter the bull run pump soonest and constant buying weekly or monthly with DCA is the way out from being a new investor and low coiner if only you can keep your DCA ongoing and hodli for a very long time.

Any new investor that wants to wait for more dip will end up limiting his chances of increasing his bitcoin portfolio overtime and might even buy at a price higher than this due to his own reluctance, and will regret in the future for not using this precious opportunity to start buying regularly and growing his bitcoin stash. A lot of early investors that were on the waiting train are regretting now that they didn't invest in time with DCA and build their bitcoin stash overtime

Bitcoin is back below $60K, not much different from the previous price of $60K but still this is our chance to buy, don't delay waiting below $50K which is uncertain I will do everything that opportunity and now this.

I regret 4 years ago when 2020 where at that time the price of bitcoin was again low, not long ago it exploded, then in 2022 it began to accumulate at a variation price and until now it wants to be maintained, now at $60K it is still an opportunity for us to continue to earn more because if it is above $100K we will regret blaming ourselves for the missed opportunity.

Yes of course, many investors apply DCA method in accumulating more Bitcoin in their portfolio, this method allows you to accumulate the little you can continuousy and also gives room for an investor to review his investment plan upward as the case may be, this method has clear the doubt of many investors that are having the mindset that Bitcoin is only meant for the wealthy and financially balanced individuals, with this method every one can invest even though is with as low as $1 as far the said amount can be sustained by the said investor, I will always recommend this investment strategy for any investor that feels that before anyone can invest in Bitcoin you must have acquired a lot of wealth, this method helps an investor not to think of borrowing in other to invest hence he can invest the amount that he is capable of maintaining continuously, as an investor that's using DCA method, you are at advantage of buying at all time instead of waiting for price dip.

The biggest breakthrough I made in my Bitcoin invest comes from the application of the DCA method. Among other things, it has made my bitcoin accumulation more systematic to suit my background which is science oriented with keen interest in system optimization. Prior to starting the implementation of the DCA method, I had problems in my decision making especially in the aspect of know my entry point and the amount of resources to commit to the market at each  of those key points. Due to the doubt and anxieties to characterized my decision making, I end up always making decision I will look back to as feel I would have done it another way which would have been better.

However, the DCA have eliminated these challenges because through it, I know when to buy, how much to buy and what to do after buying which is withdrawal to a safe place.

The DCA strategy is the most adopted strategy when it comes to investing in bitcoin, and it has proven to be effective because it has helped so many investors accumulate the quantity of bitcoin they want. Yes, the DCA strategy is the best strategy to use when accumulating bitcoin, and both old and new investors can use the DCA strategy to accumulate bitcoin. One of the good things about the DCA strategy is that it allows newbies or new investors in bitcoin who already have money to start accumulating bitcoin right away without waiting for any bitcoin dip to happen before they can accumulate bitcoin. The DCA strategy helps to control investors' emotions, and they can consistently accumulate bitcoin without hurting their feelings. For instance, if there is a dip in bitcoin, the DCA strategy will allow you to buy the dip, and if bitcoin is making an upward trend, you can still accumulate bitcoin with the DCA strategy, which gives you an upper hand over those investors who are buying bitcoin with a lump sum strategy or those investors waiting to buy bitcoin when there's a dip in bitcoin.

An investor can gain a lot of experience from past investment mistakes which gives him the mindset to hold for the long term. Although you said they don't remember past mistakes, I think they should learn from past mistakes and register a focus on increasing stashing over time so that they don't repeat past mistakes. One should have the mentality to grow their portfolio with Bitcoin and continue to accumulate it for the long term.By making investment decisions with the DCA strategy you should target to continue accumulating bitcoin for the long term to have a decent bitcoin portfolio.

Even though every price that one buys Bitcoin along ones phase of accumilation matters and goes on to reflect on the extent one profit if Bitcoin didn't go above 2 times to 3 times of the prices one buys his Bitcoin, if in the long run Bitcoin gets to say $300k to $500k, it wouldn't matter if you bought at $50k, $60k or even $100k At your accumilation phase. I'm sure that to some, $300k to $500k might seems unrealistic the same way $70k actually looked to earlier holders but if it does happen, buying at These range of prices we consider DIP or not DIP at this point wouldn't really matter at the time.

I understand the angle you're coming from and certainly, every opportunity that one has to buy at the DIP should be made use of judiciously but if it becomes an issue that one will get tempted to conclude that $60k is too much and wait to buy at $50k which might or might not happen as one expects, it's going to serve as a deterant to ones ability to doing DCA as planned out.

I believe not. If Bitcoin does surge to over a seven digit valuation, then each additional unit of Bitcoin that a user purchased at discounts would truly matter.


?

But why not 30 Bitcoins with an average price of $600.00, which is the actual point of the argument for looking for discounts? I believe that would definitely give more superior returns than if the average purchasing price is $2000, no?

It is indeed appropriate to do something like that because when more and more people are aware of building their own steps by buying Bitcoin and accumulating their portfolio from now on, of course in the future there will be more people who will do something like this in Bitcoin. Because people who continue to build their portfolio with Bitcoin and also no longer remember the past mistakes they have made, of course their own focus will also be more optimal so that there will never be a feeling of boredom in buying Bitcoin every week with the abilities they have.

Is actually very important for you to note that multiple investment at once when you are not financially balanced does not grow your portfolio but instead it will push you on the edge were you could be struggling on your investment and secondly I don't know how you were able to gather the theory that we should follow the Bitcoin market regularly, however if I may ask, of what benefits will it be for you if you are closely following the Bitcoin market?, actually you should know that watching the Bitcoin market dose not bring anything  positive on your Bitcoin investment but instead it can affect you in a way you will not expect, perhaps you have another motive of saying that but the little I understand about it is that there is no need in following the market.

In other words, it might not make too much difference if you bought bitcoin around $50k, $60k or $70k or maybe even $100k.. it is all going to seem cheap..

Just like today if I say that I bought at $500, $600, $700 or $1k, it all seems low.. and any of those prices work out quite well,  even though twice as many bitcoin could have had been bought at $500 as compared with $1k.. but there is ONLY so much that any of us can do in regards to our cashflow, and in the whole scheme of things we  cannot really know where the BTC price is going to go.. so in some sense, the just keep buying practices end up working themselves out in the long run, even though sometimes in the short run, we might question our strategies, yet there are a lot of folks who ended up accumulating way more bitcoin (even though they paid more for them),

so then in the end, the having of more bitcoin ended up being the main thing that makes a difference.. since would you rather have:

1) 5 bitcoin with an average price of $600  (total cost of $3,000) (maybe someone who made a few BTC purchases between 2014 and 2016 and was always proud of having a low cost per BTC),

or


2) 30 bitcoin with an average cost of $2k (total cost of $60k) (maybe someone with a fairly tight budget who started DCA buying bitcoin in 2014 with $10-$50 weekly, and continuing to buy bitcoin with DCA and over the years.. so investing with DCA over 10 years and having times of increasing to $100 to $200 weekly as his income went up and his cashflow management abilities got better).. so he got way more bitcoin for each dollar in the earliest of his BTC accumulating days.. but since his budget was never really that great - especially, in the earlier days, he had to always scramble to buy as many Bitcoin as he could afford within his discretionary income, and he continued to accumulate BTC during each week no matter the BTC price depending on his own cashflow that improved over the years but was never really great... and then now he is starting to feel that he has enough BTC ). ..

Frequently, in bitcoin's history, the consistent, persistent and ongoing accumulator of bitcoin ends up spending quite a bit more money (fiat) to buy his bitcoin and might even have multiple or magnitudes more costs  than the whimpy investor, but then in the end, the persistent BTC accumulator ends up with way more bitcoin, too... even though sometimes along the way, it might have hurt financially and psychologically.. and even he spent a decent amount of time in the negative or not really in profits and even worrying about if some kind of a BTC price bounce was going to come at some point.. or if maybe he was sometimes thinking that had put too much in the bitcoin.. .. but then in the above example.. there is some kind of reality that sometimes there might be a need to spend 20x more than another similarly situated person in order to really show commitment to investing into bitcoin, but then end up having way more options because of the persistence int he stacking of the sats (of course, there are needs to preserve the bitcoin holdings too and to learn about good ways to guard your bitcoin holdings in order to not lose them).


A newbie investor is lucky if he has a lump sum available to him so that he can decide what to do.

Let's say that the newbie has right around $6.8k that he can invest right now, and he knows that he has right around $100 per week that he can invest into the future.. such as the next 12 months... so that is a total of $12,000 for the year... with $6.8k available right away.

It is good to have the option to figure out how to invest that money, even though not all of it is available right away.

If the guy ONLY has the income and he does not have the extra $6.8k lump sum, then he has fewer options, and DCA seems to be amongst the best of choices.

Extra options can come at anytime during the year, and there are some people who know that they end up getting extra cashflows during the year, such as bonuses, and so if there are systems in place already about buying bitcoin, then there can be a fairly easier decision to invest the extra money when it comes in rather than not having a plan and perhaps just using the extra money for consumption... Having the option, and understanding the various ways to categorize money for BTC investing into DCA, buying on dips and/or lump sum also gives options as well as knowing about various ways to have back up funds for emergency funds, reserves and float.. Any new money (especially if it is discretionary - which means after expenses have been accounted for) can be plugged into any of those categories.

Lump sum method of investment is good but I feel its too wild for a beginner especially the one that hasn't really understood the market that well and the reason why I say this is because that new investor can easily be affected whenever he sees the price dip and especially when he used large sum of money to buy because he will be scared of the funds dropping so my advice for any new investor should be DCA method so atleast you will just have to do with continuity and with time get to understand although both methods are still effective but I guess it depends on the investor himself to fully understand how the Bitcoin market works.

And again you thinking about other people investment shows that you clearly need to do some study about investment on a general note, before ever starting an investment your own goal is what you should focus on and for Bitcoin investment what you need to do is just learn the basics and ofcourse have the general patience that Bitcoin investment won't make you rich overnight as it's a gradual process and patience and commitment is the key.

hahahah its really quit funny, the elephant talk got me laughing. though it's quit funny how something is obvious and nobody talks about it, as the elephant in the room story entails. but in this context we can say there are times people thinks that their narrative is quit different from other people's approach yet they all end up being confused, and the sake of this confusion is what led to buying weekly DCA, buying the dip + lump sum, to solve some emotional and confusion problem, yet they chose the hardway.  surely there are time people expect bitcoin to dip for them to accumulate more but that doesn't mean they will not continue with other approaches. bitcoin is volatile so it's better sometimes people just follow the right approach than figuring out a personal strategy that end up keeping such person in a confused manner because bitcoin might not continue to dip to a person favour, it's such an unrealistic expectancy.

Yeah it's totally a waste of time trying to figure out what shouldn't have been though of at the first place. yea it better to use that time to figure out what to do, probably being productive in some kind of ways, like acquiring more skill that one can be financially productive to increase our portfolio and shortens our time duration of investment , maybe an investing that would have lasted for 20years to accumulate 3 btc may have been reduced to 10 -15years with same 3btc so time is too important to be wrongly used.

 

One don't really need to be checking bitcoin market constantly, is like a waste of time especially as an longer-term investor. Instead one should focus on how to build is bitcoin stash in the best possible way he or she can . Because only those who are in for short-term profit are normally bothered about market price, we as an long-term investor is how to meet our accumulation goal and hold.


That's right , with DCAing and consistency one will be able to build a nice bitcoin Stashes for he or herself. And having good amount of money as already serve as an big advantages when it comes to Bitcoin accumulation . It will literally help to speed things up , but still those who are average can still grow their portfolio with consistency in their accumulation.


  that's damn right, even folks that should theirs 3 years ago, are already sick in their stomach now because of bitcoin recent surge that took place 2023 . So same thing going to happen as time goes on and alot of people we keep regretting especially those that should theirs too early, and those that missout due to the habit of procastinating. So in order not to be among such is better to start now and start taken action, by accumulating more bitcoin now

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

You should follow the Bitcoin market constantly, because if you are not constantly reflecting on the market, you will not be able to focus on investing properly. Especially when investing in DCA method, market research must be done, especially as regular investment will attract newcomers more. A new investor can participate in repeated investments to grow his portfolio only through the DCA strategy.

With this DCA strategy, both new and old investors can succeed in investing in Bitcoin by saving on the purchase price. A person who has a good amount of money to invest can surely grow his portfolio by investing in this Bitcoin.

As you think DCA investment strategy from your side is the most effective and correct investment strategy, so also from my side I think DCA investment strategy is the most effective investment strategy. Not just me but everyone who invests thinks the DCA investment strategy is an effective and a sound investment strategy in their own way. 

DCA investment strategy has made our investment approach much simpler. Those who have invested before and those who are investing now are themselves realizing the difference between investing in this strategy and the previous strategy. An investor can now start investing with a minimum amount of money but no one thought of doing this before. Previously, investors used to pool a certain amount of money and then invest it, but now instead of keeping a certain amount of money, investors invest that fixed amount continuously.

I got a complete understanding of this strategy through this section because I knew roughly about the DCA investment strategy earlier but got a detailed understanding of it in this section.

Of course, guys have to figure out what they are going to do within the three main methods, which is DCA, lump sum and buying on dips, and each of the techniques has its advantages and disadvantages depending on where a person might be in terms of how long he has been in bitcoin and what his goals might be.  Even in the very beginning a guy might start out with a lump sum amount that he could invest into bitcoin right away or he could separate the lump sum into the three buying categories of DCA, lump sum (buying right away) and buying on dip.  Some folks do not even have any lump sum amount they can start out with, and yet DCA can work very well for them to be able to buy bitcoin as their cash comes in and/or their expenses are calculated so they know how much extra they have which could result in their being able to buy BTC every single week., or however they structure their DCA purchase times  based on their own cashflow situation.

Sure a brand new person to bitcoin might not know whether he wants to be aggressive or whimpy in his investment style, and so if he makes sure that he is getting his finances in order int terms of back up funds, he can tailor the level of his aggressiveness in terms of his own finances and psychology.. which should include his consideration of his individual 9 factors.

By the way, DCA is meant to apply to something like bitcoin based on a level of confidence that any of us should be able to figure out that it will likely increase in price, even thought the price is likely to be volatile along the way, and I doubt that there is any shitcoin that can inspire such confidence, even though people do buy into shitcoins, yet more they are things to get in and out of rather than something to rely on in the long term, even though people also conclude them to be investments - and that is their choice, which seems kind of dumb and/or short sighted to allow any of the shitcoins to be more than 10% of your bitcoin holding, so hopefully you keep them to less than 10% if you cannot resist those kinds of temptations to gamble (and/or trade).