Topic: Buy the DIP, and HODL! - page 128. (Read 122049 times)

I have an advice that will truly gladden every man's heart if they are lucky enough to have it happen to them!

- Find a very rich girl to marry and love her like she's the only woman left in the world!

I believe if you could do that, you will probably have no problem looking for capital to deploy for your monthly DCA or Buy the DIP strategies.

She doesn't have to be beautiful, just rich is enough.

Capitalising on the market, during dips is a personal investment decision in bitcoin. An investor might choose to go with DCA strategy all throughout his/her long-term holding without buying during dips. Keeping it Consistly with a DCA it's what matters, the aim is to build a solid bitcoin portfolio.  Capitalizing on dips depends on an investor's financial power( reserve funds), preparation towards a dip. Not capitalising  during market dips doesn't mean your bitcoin accumulation will not grow if you are using a DCA strategy.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Many people ask questions in this section and many people answer them, but how many people are still investing according to DCA method but still unknown. I asked what it would take for me to invest consistently and another person answered me nicely but he never disclosed whether he had previous experience or was investing consistently so far. We must have experience in any subject before giving advice. If we don't have experience in that matter then if we give advice to others by hearing from others then that advice will be very wrong. So I think people who give investment advice are definitely investors.

Well there are certain advantages that comes with the DCA strategy which of course many investor have used and is effective. The DCA strategy offers the leverage for the investor to have a specific goal and also work towards that goal without the fear of always checking of there is a Dip in the market price value of Bitcoin although to some extent it's even good to know the market dips because that's when you actually stake up big time Bitcoin number since the price is low but even if you can't afford to get the Dip the constant buying of Bitcoin will just keep the investment moving smoothly but of course there are also certain things you must have put in place like the emergency funds, an actual good pay job, reserve funds and also the float funds to make your journey and effective and smooth one.

There is no need to wait for the right time to invest in the DCA method. If you invest in bitcoins using the dollar cost averaging method, you don't have to worry about bitcoin prices falling. You can start investing any amount at any time by adopting this balanced approach. People invest by adopting this method so that they can keep investing i.e. keep their investment moving whether it is small amount or big amount.

DCA is an investment strategy where an individual invests using this method by purchasing a fixed amount of Bitcoins at regular intervals. It could be $30, $50 even $100 or more. When the price of Bitcoin falls, investors can use this method to purchase more Bitcoins, which gives them an additional benefit.

Are you sure about this statement?. Assuming my DCA strategy is to allows purchase $40 worth of Bitcoin every 10th day of the month, and the price of Bitcoin went down to as low as $56K/BTC on the 1st day of the month, and I decide not to buy on that first day, but rather wait until my normal time(10th day) due to financial constraints(like salary delay which is a common thing), and other reasons. Does that actually mean I don't understand the knowledge behind dip, or I just don't want to capitalize on the dip?.

I think you need to understand that a strategy must be a strategy. It doesn't matter if your buying time comes when there is a dip or not. Buying the dip for those who uses DCA should be done if there is a spare change or additional funds that has nothing to do with your investment funds, except the dip falls within your strategic time of buying. Though, there is never a perfect time to buying Bitcoin, but if my DCA strategy agrees with buying Bitcoin every first Monday of the month, then it should be so, no matter the market value or price. I would be of course, delighted to buy any dip, if I have any additional funds lying around.

I am glad you are excited after having a shift in perspective and understanding of the dip. Truly information is key. Understanding DCA and taking a long-term view has paved the way for success for you, me, and so many investors here and in other places. I am certain that many do not capitalize on this dip opportunity and have chosen to remain in doubt about whether to buy now or wait a little for it to dip which is very wrong to do so. This is the time that knowledge truly pays only but a few will be able to understand.

In as much as it will be of great benefit for the dip to continue till next month i expect every investor to as well have in mind a realistic expectation, not an imaginary one. Bitcoi's volatility can work in both ways, even in the dip there can also be a very sharp increase in the price of Bitcoin. Let us maintain our DCA throughout all time.

Maybe the reason they go choked on their invest are "Their financial capacity is not really prepared for marriage life set up or They are immature to handle such situation and they are happy go lucky guy" that's why they choked up on their long term investment made with bitcoin.

If they make their selves became financial stable then everything will be sorted out according on what's best thing to do on this matter.

Also if the investor knows how to deal  related to their investments and separate their obligations to their family then everything would provably work out. The most important of all is to explain to your wife that you have this investment and you need to separate a desired amount since you are dealing with bitcoin for long term. For sure everything will be understandable and all will work out if proper discussions will be made.

It is true the marriage can chocked up at the moment but if the investors plan is to invest for a long term and still keep on accumulating more Bitcoin using that DCA strategy to accumulate Bitcoin and continue hodling there will definitely be a moment of joy in the family and both couples by the time Bitcoin price start going high because his Bitcoin investment has yeild out enough profit. Everything is about planning and what you want for your self.

I agree with what you said in this case because after all when we are in and investing in bitcoin actually a matter of status whether we are married or unmarried should not be a reference to whether we can be in bitcoin or not.

Investing in bitcoin depends on the readiness we have no matter if we are married or not because in the end as long as we are ready in the sense of being fully prepared with the planning, strategies that we will do and the consequences that we will get when investing then indeed everything will be fine and can invest in bitcoin comfortably.

Don't complicate yourself too much by making marriage the reason you can't be in bitcoin because I don't think it will be makesense and sounds just a classic excuse to cover up the fact that you are not ready to be in bitcoin.

I found out about bitcoin after I had a partner and until now I am still quite comfortable with the investments I make without hampering the basic needs of everyday life because I realize that it is precisely by the existence of bitcoin and I invest in it that I am more able to manage good finances and limit what I have to do with the expenses I face while preparing for the future so that I can achieve my own version of financial freedom.
 

I understand the angle you are talking about but it seems you are missing some things from the main points of the discussion because what we are actually trying to state or prove is that with a proper planning in Bitcoin investment there is no way marriage will be a barrier on your investment because before going into marriage I believe there are things that should be already in place such as finance and also an income generator, no matter how small it should be provided that is coming consistently.


Anybody that rely on his Bitcoin investment to feed his family after marriage is obviously not ready for the marriage because Bitcoin investment is not an investment you would venture and start expecting daily returns, so anybody that have such mindset in planning to married will actually get himself chocked up in the marriage.

Knowing the fact marriage is an everlasting agreement, the man is expected to take responsibility and at the other  hand bitcoin investment is also there. For example after marriage couple look forward to build a family so mere looking at the responsibility you’ll make every possible effort to find a good job and not depending on your investment, during times like this if an investor have a quality reserve funds I think the reserve funds should stand in the gap and sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

Of course, due to volatility, we can say it's risky, which means their are some people who makes profit, and definitely others who make loss. We can say it is related to economics, so there is no big deal. Every investor chooses their own level of risk they can manage. There are some investors who invest massively with the knowledge of the risk involve, while others like me and you who chooses to accumulate in continuous small amount, maybe due to financial constraints or other factors. But the most important thing to understand is that we all have our financial capabilities and the level of risk we can manage.


Am not sure if investing in the future should be the right word, but rather investing for the future. Every investor we see now are already doing this for the future, and not planning on doing it in the future when Bitcoin might have surpass $100K. So, every discussion that has been stated in this thread are practically ways of accumulating now, for future purposes.


The whole patience ideology is correct, but I think we might start seeing the need to enforce patience only when we anticipate too much on our investment. When there is too much anticipation towards investment, it becomes a disturbance that sometimes tempts us in tampering with our investment.

An ideal way to make investment, is simply to draft out our investment plans(be it long term from our discussions), and chosing the method (be it DCA or any other way). The long term plan should have a year limit (maybe 8years), depending on the individual, while the method (DCA) should have amount limit (maybe $40/per month).

When all these strategies are in place, there won't be any form of anticipation because a year limit (8years) has already been set, because I see no reason why someone would be anticipating for an investment that he/she would be taking profit from in the next 8years, when he/she is still in the first year of investment.

One other way to kill this anticipation, is to have other source of income like I mentioned in my last reply. With other source of income, you will be able to live a regular life, rather than anticipate too much for an investment that suppose to last 8years or more.


Before marriage seems to be a very good time, but who says you can't do that also after marriage?. Getting married comes with lots of responsibilities, but that shouldn't be an hindrance to one's investment life. Moreover, the person getting married will certainly give birth, which your investment can be helpful to the children just like most people do.

Of course you are right but in other words the reason I believe marriage or the preparation shouldn't affect the Bitcoin accumulation of an investor is that in preparing for marriage it takes a process and not just something they would start overnight and finished it immediately, so before then the investor should be able to figure out a way to keep a certain amount for his Bitcoin accumulation while he is still preparing for the marriage, though we know that in marriage there are a lot of things that involves money but it shouldn't affect his accumulation plan because before someone should venture into marriage he must have gotten some sources were income is coming on a regular basis.

Yea your words gladdens my heart the way you place them which is exactly true, the type of wife or the  choice's we make in marriage affect us either positively or negatively and no doubt about that. Marriage is another responsibility that may affect a man's accumulation process, and if not handled properly it will really affect him. Surely there was a time when a man was not married, and did better in there accumulation process and was unable to do it when the got married simply because they are new to the system of marriage and may be tempted to make their partner happy by spending much on them which may become problematic, because women easily get addicted to how you treat them from the beginning. One of the problem men face is that when they got married newly with a woman, they are too quick to spend much as a kind of showing love and affection and the woman may get accustomed to it and may be a problem when man want to adjust to make his accumulation process a better one. And by them the woman may think the man is not a good man because he chose to adjust. Though there are factor that affect a man accumulate process by the type of wife.
1 marrying a wrong partner who does care about your welfare but only what pleases her
2. Marrying an extravagant woman
3. Marrying a good woman but indirectly currupt her by over spending.

conclusion
My advice is that when you are newly married, don't over spend from the beginning of your marriage if you know you are a holder. Because it will definitely affect you. How it affects you has been explained above. When you start over spending from the beginning without a child, definitely when you both have a child or children you may not be able to accumulate any longer. But if you have learnt to adjust from the beginning even when you have children you will be deciplined to know how you can be able to accumulate without Given up or dip diving into your discretion. because the more you have more children the more difficult it is to accumulate expecially when your source of income may not be as big as you expect.

Bitcoin is definitely risky. Keeping that risk in mind, we have to invest in Bitcoin with caution. If we can invest carefully with a plan, we will definitely get a lot of profit from the investment, which will make us more interested in investing in the future. People who are new to investing in Bitcoin may not understand very well by making short term investments due to which they face a lot of losses due to making short term investments so we should always have a long term plan in Bitcoin. Many times it is seen that many investors can't control their patience so patience is very important when it comes to Bitcoin, we must not lose patience, we have to invest patiently. As you said that you can definitely save a lot of bitcoins before you get married but it is true because when you get married you will have a separate expense so you can definitely save a lot of bitcoins before marriage. But if you are bitcoin experienced then surely you can get substantial profit in bitcoin investment at any time if you can invest bitcoin at right time.

To get most of the benefits of sticking with DCA, buying dips is a relative boost that happens with regular bitcoin deposits. You can call this the beauty of dumping which may not happen again and again. There may be times ahead when you will not get the dips price as you got now. Your investment cannot be just for daily profit. You have to hold longer and run several rounds to get the reaction of gradually accumulating bitcoins. A few days of dumping trends can take the opportunity for small depositors to accumulate more bitcoins, giving them the opportunity to build more stacks. You should keep in mind that the market conditions will not always be in your favor and you should keep more holdings. Even though the price of Bitcoin is volatile, you should keep yourself steady in holding which will allow you to get high profits and be a successful Bitcoin holder in the future.

We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.

Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.

People who sold there Bitcoin when it was on dip really do not understand how the Bitcoin market works and are not investors any body coming into Bitcoin should have the mindset of a long term investment, involving one's self in a short term investment or becoming a Bitcoin trader is very risky, those who sold in the dip were obviously Bitcoin traders.

If anyone is joining Bitcoin investment I will advise you have two sources of income it helps a lot especially when you have a lot of responsibilities and please when you are still single be more aggressive in your Bitcoin accumulation so before you get married you would have accumulated a lot because marriage comes with a lot of responsibilities which may reduce your investment percentage on Bitcoin.
A lot of people that sold even on dip may be out of pressure from family responsibilities and that is why you should be careful the kind of partner you get married to some partners will make sure all your investment are being sold out just to keep up with there lavish lifestyle as an investor you need to marry someone that will support your dream and be able to cut down his or her expenses as not to run you down.
A friend of mine said one should marry what he or she is this means that marry your kind of person if you are the kind of person that always manage his or her expenses marry someone that also those same, check your partner very well before saying I do.
Without a peaceful home is impossible to hodl your Bitcoin investment for a long term and that is why you see some people selling at the dip instead of Accumulating more.