Topic: Buy the DIP, and HODL! - page 125. (Read 122049 times)

Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

You must not wait for the market to go dip before buying bitcoin, any one waiting for the market to go dip it means the person doesn't understand how bitcoin works. If eventually the markets goes dip it is a good thing to buy and never to miss the opportunity but waiting for the market to go dip can be seen as greed, lack of understanding because you can't predict the market. It is possible when one buys the market can even than what you expected,  and the increase is a gain. When you buy bitcoin their will always be an increase, I don't see any reason to wait for the dip to occur to buy bitcoin. One thing I know for sure is that the dip is something that should never be miss when it occurs and should not be a reason why one is waiting for to invest in bitcoin first because it is unpredicted.

1. How well are you managing your finance?
2. What have you been buying most?
3. Has your spending increased?
4. Has your monthly/weekly income increased?
5. Is there a way you can increase your income?
6. Is there a way you can increase your investment funds?
7. Are you making progress at all in your accumulation?, etc.

By asking yourself these questions, you are already taking a break, inorder to restrategize, and make adjustments that will give you a healthy investment plan for the next phase(maybe the coming year, or months, or weeks). When these questions are asked, you should be able to identify the difference between your needs and wants, thereby cutting off your spending habits inorder to give room for more accumulation.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying?

We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

"Only buy something that you would be perfectly happy to hold if the market shut down for 10 years." Warren Buffett.

And that in a nutshell is what investing is about.

A great deal of all of those that consider themselves investors fail to meet its most minimum standards, with most of them being traders, aspiring traders or people that like to burn their money away, but whatever the case, it would be for the better if they stopped calling themselves investors, since many newbies read those kind of claims and mistakenly believe investing requires holding their bitcoin for a very short amount of time.

Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

Sure it might not be a bad idea to keep in mind some quantity of BTC that you would like to reach at various points in your bitcoin journey, yet for me, I tend to think about more concrete goals that I am able to reach that might involve ways to calculate your disposable income and then have amounts that you are able to invest within your disposable income in the coming 6 months to year, and surely even within the concept of disposable income, there are ways to be creative with that - which might involve something like making sure that you buy bitcoin every week (or some other period) no matter what, and surely there could be some ways that you might be able to incorporate buying the dip into your already existing accumulation system, yet lump sum buying largely relates to coming across extra money at various points in the year, and surely if you already have bitcoin buying systems and even bitcoin buying thinking in place, then you are likely in a much better position to incorporate lump sum buying with any extra cash that might end up coming in your direction.  One of the great things about receiving some kind of extra or surprise payment is that it can facilitate your being able to employ some BTC buying techniques that might have had previously been outside of your normal routine.. so guys who had previously been blowing their bonuses or buying stupid things with their bonuses, if you have a BTC buying plan in place, then receiving bonuses all of a sudden creates bitcoin investing opportunities for you that you had not previously considered as empowering.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

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On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor sometimes your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.

Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

Yeah ready understand not to get obsessed with goals one may or may not be able to reach, when I started my bitcoin journey at first my goal was to accumulate till I have gotten myself some good bitcoin stashes like 4 BTC , but as time goes the began to increase and the chances of me hitting that goal was reducing also , but still I continue to strive till bitcoin got to this point, so I have to make some adjustments because if I continue with my previous goal I may endup being discouraged because bitcoin price may keep increasing, so I have to set a goal that won't take much years to hit , like for example I can set my first to be 0.5 BTC and if by any chances I endup hitting it I will increase it to 1 BTC which is my goal for now and after hitting I may decide to push further by adding more stashes. May be at that time I will focus on using lump-summing and buying the dip method to purchase.

buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

You don't expect a newbie that does not understand how the system works not to be worried about the price of Bitcoin

My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.

I think that part of the point would be to attempt to structure your finances and psychology in such a way that "taking a break" would not be necessary, since you would try to prioritize bitcoin accumulation at least for a whole cycle and maybe for a couple of cycles depending on your situation.

Surely there are some financial and psychological circumstances that are so bad that you are not able to accumulate any BTC, such as not having any disposable income or worse, having negative disposable income in which your expenses are greater than your income... so in either of those situations, it is not easy and may even be impossible to invest into bitcoin if you had not first established sufficient quantities in your emergency funds and reserves...and yeah, as some of us have mentioned previously, it could take anywhere between a few months to a few years to really get your finances in a great place that you have both bitcoin investments and strong cash back ups that include sufficient/adequate emergency funds and reserves.

So, likely the beginning years of any investing, including but not limited to bitcoin, would be the earlier years in which you are both putting back up cash systems in place and establishing them to sufficient and/or adequate levels... while at the same time, we know that with any investing.. and perhaps especially bitcoin, time in the investment is very important, so getting into bitcoin early and establishing a bitcoin position is important to get started earlier rather than later, and some folks might not realize the importance of their needing to get in early until maybe time has passed and earlier opportunities are no longer available to them, which surely frequently happens and frequently happens at somewhat unexpected times.

Overall, I am not too excited about the idea of taking a pause in bitcoin investing, especially for any newbie, even though surely there could be circumstances that are so dire that investing into bitcoin should not be done since it is ending up devolving into gambling rather than investing, since bitcoin investing needs to come from disposable income and not from money that you might need for expenses in the short or medium term, whether that is in the coming weeks or months or even in the next 4-10 years or longer.. you have to be ready, willing and able to set any money aside for 4-10 years or not even to need that money (be willing to lose it) in order to really consider that money as an investment in something that may or may not end up paying off.. yet of course, many of us consider bitcoin to be amongst the best if not the best place to put extra money, even though we also realize that the money truly needs to be extra and not money that you actually need in the short to medium term.