Topic: Buy the DIP, and HODL! - page 124. (Read 130397 times)

It is not compulsory to buy from the dip before you will be profitable because as long as you are on a long-term bitcoin investment journey using DCA regularly or lump sum will give you profit, because your profit is determined by the size of your bitcoin portfolio and how long that you have hodli.
I don't see how the knowledge of trading is important for an effective DCA when the DCA method is to just continue buying regularly weekly or monthly as along as you have your discretionary income ready to keep on buying without missing or skipping it. Trading is complex and any investor who is still in their accumulation stage don't need to know anything about trading apart from buying.

What will make you regular DCA more effective is your consistent and persistent ongoing DCA buying with the right amount from your discretionary income provided that the have in place your emergency funds and reserve funds so that when an emergency arises you don't sell part of your bitcoin. Increasing your discretionary income due to increase in your income and aggressive DCA buying without overdoing it will help you reach your bitcoin goal faster.

Patience, discipline, sacrifice, turning deaf hears to FUD and not waiting for the dip but continuous buying with focus of reaching your bitcoin target will be good for effective DCA. This is why new investors only needs to use DCA method to get started immediately to build and grow their bitcoin stash overtime.

Stop referring to bitcoin as cryptocurrency so that newbies or new investors in bitcoin will not see cryptocurrency as bitcoin. When you are talking about bitcoin investment, you need to be specific so that newbies or new investors in bitcoin will not be misled into investing in altcoins, thinking they are investing in bitcoin. There are so many threads in this forum that you can easily talk about cryptocurrency or altcoins, but as far as this thread is concerned, you should always refer to bitcoin as bitcoin so that we will not be distracted. We are all in this thread to share our ideas and experience in the bitcoin accumulation process and also learn from those who are more knowledgeable than us when it comes to bitcoin investment.

It is advisable to focus only on bitcoin market and avoid the urge of venturing into any other shitty assets in the name of investments. Bitcoin has no comparison, it is on a class of it's own. For the number if years that I have been in bitcoin investment I haven't seen bitcoin disappoint it's investors, even if there are temporary dips, it only lasts for certain duration and things goes back up. Therefore someone who is considering his financial future should focus on bitcoin, be it on learning or investment basis. So many scams are happening in the name of crypto currencies and it should be avoided. People should never be encouraged to go and learn anything about those shitty things.

If you are looking for learning about investing in Bitcoin, you can take advantage of more topics in this forum besides this one topic so that your understanding of how to invest in Bitcoin can continue to grow and make it easy for you to draw conclusions. In addition, you can also read on more websites for things like Bitcoin investment and also for the best methods that are still used by many Bitcoin investors today besides understanding the various opinions on topics like this.

And if you really know about Bitcoin and also about the history of Bitcoin itself, at least at this time you can also make a few decisions that at least are buying and holding it for the long term. But if you can't afford to buy in large quantities, you can use the method of buying in installments for a certain period of time by utilizing your own monthly income.

Well I would agreed on some point and also note that it's also very paramount and helpful that as an investor utilizing the dip as it is helpful but it's not a mandate so you can be increasing your portfolio and at the same time maybe up your stakes by buying big during a dip so that your investment keeps on striving big with atleast a slight advantage because everyone knows that the dip is probably the best time to buy Bitcoin to get better figures but most importantly continuation in what you doing is the most because waiting without buying until the dip comes is actually somewhat foolish so making a steady DCA and buying big when the Dip comes is also a welcomed idea well that's for those who are well prepared for their long term investment journey.

Buying on the dip can make an investor more profitable but dip hunting is completely unwise when it comes to investing in Bitcoin. Some investors are still looking for dips as Bitcoin hits its post-2021 low of $16k. If during that period the focus was on increasing the amount of Bitcoin by investing regularly rather than looking for dips then surely that investor could have profited. Because Bitcoin rose from that $16k to $73k. Controlling the temptation to buy from the dip is also a big task if the intention is to profit from Bitcoin. We should remember that Bitcoin will never return to the level it was in 2017. Therefore should avoid dip and start holding bitcoins at the point where one have the money to invest in the position.

It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.

Waiting for the dip only to buy Bitcoin comes with a lot of obvious disadvantages. For example, you may be targeting to buy the dip only and miss out actually buying Bitcoin if the level of dip you're expecting doesn't occur because you can't predict the extent of the volatility of the price of Bitcoin. You also subject yourself to unnecessary emotional stress while constantly checking for the dip or if your buy orders have executed.

You can also never predict the perfect dip as prices may continue to dip even after your dip has reached and you have purchased Bitcoin giving you significant loses as compared to the person who uses DCA strategy who continues to buy the new dip.
Also focusing on short term price fluctuations may give you short sight and deprive you of focusing on bitcoin's long-term growth and development potential.


While buying the dip is also a good accumulation strategy, employing only it is what I term foolish because a lot of opportunities can be missed and we all know that money comes and goes, it can even go into things of less importance if not used correctly, worse still if kept in the bank, it continues to depreciate, so why would you just keep the funds stagnant, gambling with the dip when you can put it into proper use by purchasing periodically as the discretionary funds presents itself.

It's also evident that when you've much money in your account, you tend to be lazier to hustling for more, but when you're aware that the funds have gone into something meaningful like DCA in Bitcoin and it's not coming out anytime soon, it gives you this motivation to hustle move to get more funds available for you to maintain your level of living.

Finally, DCA helps reduce the impact of volatility as you purchase regularly at fixed intervals over time, this helps also to relieve the investor the pressure of losing lots of money at the same time.

that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.

That's especially true currently now that the Bitcoin Spot ETF is open and available for institutions to enter/exit to and from Bitcoin positions. It may have changed the "cycles". Because if we were to base the current point of the cycle today from the last cycle, today would be a time during 2020 which were not testing the previous all time high.


That's true, but Bitcoin may still have more upside than most investments you could find in legacy markets.

In the Bitcoin market of investment, short term goal is usually for the week investors with FOMO or little dreamers who chases little profits and not being, aware, it becomes devastated that they are disappointed in that short while and they are blindfolded to take advantage by buying more and holde during when the market is Dipped.

Long term investors will always stand on the safe side enlarging their Bitcoins values in a gradual increase of the market, having enough to time to balance their emotions in eliminating of FOMO and then buying more and hodl while unpanick. There then they stand better chances to multiply their targets as a course of holding patiently as said, patient is virtue.

Thanks for the tips! With DCA, as I understood, the factor of the volatility of the market can be minimized a bit, and I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.

Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

Sure there has always been various levels of propaganda and even trying to convince folks that the top is in and there might be some needs to take profits, or to get distracted into shitcoins, yet since we are not really talking about those kinds of selling practices or trading or shitcoins directly, then we are focused on the topic of this thread which relates to our own accumulation of BTC through the years, and surely there are guys who might have had been accumulating bitcoin aggressively since the beginning of their involvement on the forum and there might be other guys who made mistakes along the way and maybe realized that they needed to be more focused on BTC accumulation.

Even if we go with your forum registration Taskford, we might consider there are a variety of places that you could have had gotten in the past 8.5-ish years, and even if you had been accumulating only $50 per week of bitcoin, you would have invested around $22k and you would have had accumulated more than 7 BTC, and so sometimes there can be questions what to do if you were to have that quantity of BTC, you might want to continue to focus on accumulating, or your might just choose to hold for a bit of time, and it can be difficult to answer the question for someone else, even though many times we can see that a certain amount of passage of time of continuous BTC accumulation could put someone into a position of rethinking his focus on BTC accumulation and potentially transitioning into other strategies that are not so BTC accumulation specific.

Also, even though I might suggest to get more focused on accumulation if you don't quite have enough BTC, I recognize that there could be scenarios in which some guys might start to either feel that they have enough or maybe instead of buying bitcoin every week and no matter what, they might start to just buy on dips, which works out as an o.k. strategy for a guy who already has a decent quantity of bitcoin, but might not work very well as a strategy for someone who is earlier in his BTC accumulation journey.


That does not sound right.

One of the things with bitcoin is to get started right away, so that expression does not seem right.


I have heard another expression:

"there's a time for everything"

but that is a different idea... and it comes from the bible and has to do with everything has its phase or season.. ..

>>>>"For everything there is a season, and a time for every matter under heaven: 2a time to be born, and a time to die; a time to plant, and a time to pluck up what is planted; 3a time to kill, and a time to heal; a time to break down, and a time to build up; 4a time to weep, and a time to laugh; a time to mourn, and a time to dance; 5a time to throw away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; 6a time to seek, and a time to lose; a time to keep, and a time to throw away; 7a time to tear, and a time to sew; a time to keep silence, and a time to speak; 8a time to love, and a time to hate; a time for war, and a time for peace" (Ecclesiastes 3:1-8)."<<<<

https://www.unity.org/bible-interpretations/ecclesiastes-31-8-everything-there-season-and-time-every-matter-under-1


but does not really seem to apply very well to the idea of investing into bitcoin unless you were wanting to say that in the beginning of bitcoin there is a time to accumulate it, and you accumulate your bitcoin until you reach your status of high enough accumulation where you are no longer accumulating it.

Due to the fact that most newbies in this space motive is to get rich quick through this space which lead to them lacking the ability to be patient. Just imagine someone coming out with a shit project ( shitcoins) hyping it that a day will come the coin  will surpass bitcoin blahblahblah , Due to such hype alot of folks will be lured to invest in it , without knowing that the true purpose of that shit project is to pump and dump ( without any hope of recovery) and those that invest on it will lose their hard earn cash .

I have head of stories like how someone invested a certain amount in a shitcoin and endup with massive loss and this kind of stuff is common in this space. Like the one I heard recently a guy bought a particular shitcoin worth $200 and the coin experience a massive drop in price and now the guy funds in his portfolio is around $50 just imagine , you can. Clearly see the waste of resources for instance he invest that same money in bitcoin that would have cover a nice quantities of bitcoin in his DCAing.


Well most of them easily forget that you have to build a nice bitcoin stashes before thinking of taken profit, because if you are still at the accumulating phase and you are taken profit each time you need some funds to cover a certain expenses, you will only endup Messing with your Bitcoin investment big time . Just as they say there's time for everything, so there's time to focus on accumulation which is now and there's time to start considering taken profit which when you have gotten to your accummulation goal.

Well  some motive I see from those bears who spread fud about the market is either they have bad agenda towards bitcoin since they want to promote something like their shitcoins created and we know this attack exist especially when there's a dump happening since those people use this scenario just to scare people and insert their motive to make it looks like their coin is more better than  bitcoin.

Other scenario is also there are people install fear to the minds of no coiner since they want to create massive sell offs since this will benefit them to the extent that once the market dump more they could buy more cheaper bitcoins and with that they can earn lots of money when bitcoin price recovers.

So I'm really looking forward that when situations like market dumping is happening lots of people would able to see that there's nothing to fear in this situation and people will look at it as opportunity. The also they could able to ignore anything negative they could read anywhere then focus to build wealth on bitcoin by accumulating more. Although we assume about the those things what really caught up my interest is to read the different sentiments of people when there's a bearish situation occur.

I don’t think we should be talking about selling or taking profit now, clearly we are still at the accumulation stage we need to keep buying and keep Hodling. We all should have a drafted investment plan which should be followed strictly no matter the circumstances we face, we have witnessed numerous dips but what makes us good investors is the ability to withstand any downturn and Hodl no matter what until you aim is achieved.

Trying to wait for the dip will make lots of investors to miss out on the opportunity to buy at low prices because some investors might be tempted to wait a little longer for more dips there by missing out on the chance if bitcoin eventually rise instead of more dips. Take your chances when you can for those that invest  at every dip and hodl but as for me i think DCA strategy is the strategy for me, that way there is no missing any opportunity.

I never claim to know, either, yet intuitively there always seems to be a motive from the bears to try to push the BTC price as low as they can and to keep it as low as they can for as long as they can, yet there are various times when they are not able to achieve their objectives, and the BTC price goes up and gets out of hand to such an extent that it has to get to some kind of a pausing place in order that the bears can resume their mission of pushing the BTC price down... Kind of a simplistic explanation, and surely we have forces on both sides... and some might refer to BTC price dynamics as a sign of a kind of underlying war or a battle.. and yeah, there is likely some truth to that, including that those of us who have been accumulating BTC or continue to hold and/or accumulate BTC are the beneficiaries of a wealth transfer battle that no coiners likely would prefer not to happen.. so there are likely some forces within the representation of no coiners who would rather get your coins rather than you benefiting from the ongoing wealth transfer that is happening from the no coiners to the coiners.