Topic: Buy the DIP, and HODL! - page 134. (Read 130594 times)

DCA is a routine purchase that is made regularly and the DCA strategy is applied by all groups, so there is no amount that should be mentioned, for example small or large amounts, of course DCA does not look at that. If you regularly buy Bitcoin every week on a large scale that is also included in the DCA strategy and if someone buys every week with a smaller budget that is also included in the DCA strategy.

From here, of course, DCA does not look at the budget that must be spent to be able to implement DCA throughout the investment journey carried out by the investor.

Of course someone's budget can increase over time and it is unexpected or happens suddenly, I mean when someone gets an increase in income then of course he will buy bitcoin by increasing his budget or being more aggressive.

Although in a travel scheme for long-term investment, of course we can also use several other strategies because of the budget planning structure that we have set before we start investing in bitcoin.

Meanwhile, for the types of strategies for saving expenses in order to be able to reserve funds in the reserve fund category. It is certain that at each stage there will be an increase in the budget which they will execute, either more aggressively or in a lump sum.

Hmmm this is the first time am coming across someone saying that the DCA strategy is not for profit making because basically what is the essence why we are investing in Bitcoin for a long term if not for profit making? The DCA strategy is the best strategy in Bitcoin investments that anyone can think of because it gives you the freedom of buying Bitcoins no matter how small it is so far as you are buying it regularly without it affecting your other business of life that is why we are advised to use disposable amount to invest in Bitcoin. The reason why I said the DCA is the best strategy and for profit making is because of the enablement to buy Bitcoin without feeling pressured, someone can decides to do a lump sum and after investing he may discover that he needed money to attend to his other needs so he may sell part of the Bitcoin he already bought and for someone who wants to buy at a DIP price, he may end up not buying if the price didn't DIP but with the DCA you can buy without minding the price of bitcoin at that particular time.


Yes anyone can use the DCA but majority of people who used the DCA are people that want to start with a small amount, some rich investors also consider using the DCA but they're very few of them since they have the money to buy huge amount of Bitcoins at a go so they see the DCA strategy as a time consuming method since they will be investing the same amount at different intervals when they can just hit it once and watch their investments grow but that not withstanding, for someone who is still in the accumulating stage of his investments, the DCA is preferable to other methods of investing in Bitcoin

I disagree with you. The end goal of any investment is profit. So any investor who is using DCA strategy is allowed to expect profit after a successful investment. The reason for DCA as a strategy is to reduce risk and if followed accordingly there will be a point when profits can be guaranteed especially for the long term. However, the ultimate success for DCA strategy depends on several factors which may include on the performance of Bitcoin and the longer we hold investment.

DCA can be used by anyone both small investor and big investors. It's a strategy that was brought to reduce the risk that comes with the impact of market volatility. Man big investor still uses DCA as a good strategy, Jay is one person I know. No matter how wealthy an investor is the need to reduce risk in investment is something that is concerning in Bitcoin investment and if DCA could do that why would they want to adapt the DCA method. Having such a large portfolio doesn't seem easy as you would always want to check your investment from time to time or wont want to adopt the pattern of trading or some sort if strategy that may make you lose some portion of your Bitcoin. And that is why DCA is significant.

I barely understand what you mean in this context, there should have been no need contradicting yourself all along. If the DCA is used to accumulate Bitcoin, and we know Bitcoin as an investment which comes with good tidings  (profits) why then do you think DCA isn't for the profits. The DCA is a strategy, same with Lump sum and Buying Dips and whereas they all drive us into accumulating Bitcoin then which other do we say is for generating those profits.

Successively accumulating Bitcoin during intervals is beneficial to the investor because he gets to buy Bitcoin at different price level confidently without considering whether the market is at it's lowest DIP or not. Moreover, whether we DCA, Lump sum or choose to Buy Dips it all pressure on us that we must hold in other to make good profits, no strategy has a cut privileges of escaping holding.

I don't agree with you. DCA strategy is for investors to take profits and that should be uninterrupted for long term through regular investments (buy). This is an ideal method for people of any income where people can accumulate bitcoin regularly keeping in line with his income so there is no scope for confusion with DCA. DCA strategy is chosen by people for depositing bitcoins because depositing for a long time and taking it to a desired point so that he can get huge profit. Although he can also choose to keep holdings for future generations and valuable bitcoins alongside traditional assets. A Bitcoin depositor tends to keep depositing for a long time which can be at least 4-10 years or more. Continue with DCA strategy for long term to diversify your portfolio which is what your better return should come.

I have been storing mine off the exchange, but I`m buying small amounts regularly, so when it builds up above a certain amount I`ll be taking it off, I want just to minimise UTXOs.

for me I don't see anything like original investors in bitcoin investment. what I know of is that each investor has his plan either a short time or long time plan, depending on the amount of bitcoin they can be able to accumulate withing a specific period of time.  using the word "original Investors" makes it look as if there are fake investors. though some may not be that good to invest for longer period of time but doesn't make them appear as fake from the original or long time investors as you may think.

success is not measured in buying the dip by gap, surely if a person buys the dip simply because of the gap, it means you are indirectly saying you are trading and that is a form of gambling which is not advisable. buying and HODLing for long is more important than  checking the gap of bitcoin price either high or low
it is called discretion or reserved or floats

Not all investors that has a long term plan. some have short time plan which I have corrected @pokon6 from the above sentence.

I believe if you read this 9 principle individual factors that influence your decision by JJG you will understand the factors and things that you should consider before investing in oder not to invest and put yourself in a tight corner. investing require to have a set target of the amount of btc to accumulate. before starting you must know your financial strength. that is You must have other source income that will help you achieve your target, from your source of income you will divide it in a way that it will not affect you. by setting aside emergency fund, feeding, investment into btc and setting aside discretion fund to help you keep buying DCA every week and buying the dip so surely if you don have a well planned strategy you will surely not going to be able to invest consistently. you can look in the JJG 9 individual factor that affect your bitcoin decision to improve yourself.

The reason for DCA strategy is not for profit so don't be confused about that because I noticed that most people have been having a misconception about the purpose of DCA because I have also seen that most people think that DCA strategy guarantees a successful investment, actually DCA is just a normal strategy and utilizing it in terms of accumulating Bitcoin depends on individual or the investors also in terms of profits is actually depends how far you have accumulated on your investment that determines it because there are people who can use DCA strategy but could not still see any good return after holding because they failed to continue there investment.

Why do I get the feeling that you only see DCA strategy to be only use by people who only have smaller amounts of funds, on the contrary it can also be use by anybody including the rich because DCA strategy doesn't limit people from accumulating with a certain amount because you can accumulate using any amounts of money you can afford, so of course both the poor, rich and successful investors uses DCA, perhaps it seems you draw your conclusion through the several discussions that was talking about accumulating with a smaller amounts, actually those advice was only for those who barely have enough money or source of income but in the case of those that are wealthy they can possibly use any amounts whether big or small so long as they keep up there regular accumulation they are okay.

Your strategy seems great and feasible but if I understand you correctly, you will be buying in a centralized exchange and in this case, you cannot set and forget because doing that will me you will be holding your Bitcoin there. It is not safe to store your Bitcoin in centralized exchanges so even if you want to use limit orders to purchase your Bitcoin, you might need to login to withdraw it to a private wallet that you have the private keys. You might decide to check ones in a month to see if your orders have been filled or not for the DCA part, you might also need to buy using market execution and withdraw monthly to your private wallet. By the way, since you have a 10years plan, why not consider using a hardware wallet to store your coins? That is safer than wallets that are connected online.

Not sure the category he has in mind but he may be referring to whale investors or lump sum investors as great investors because of how much money they are capable on investing at once. The amount of money you invest doesn’t make a person great investor, every individual has different limits of how much they can invest at an instant which is not measured by the amount they earn. DCA strategy is very effective strategy utilized by various kinds of investors, yes most whale investors are not bothered about the price especially when they plan to hold for a long time. In addition to enabling investing with as little money as possible, the DCA strategy minimises opportunity loss by exposing you to a variety of market opportunities on a regular basis. It also lowers volatility risk, lessens emotional distress, and builds investor discipline.

These benefits are not limited to certain kinds of investors, both whale investors and small inexperienced investors are entitled to these benefits so you can see that DCA strategy can be effective for any kind of investor. Although every individual is entitled to choose an investment strategy that suits them better.

Wondeful for you! Thanks for the little insights given

Their is a saying that goes like this, that the best time to buy was in the past, and another best time to buy is today, so my guy, it doesn't matter the current price of Bitcoin right now, what is very much important is that you keeps on buying just to increase the stash of Bitcoin in your possession, though you might decide to buy aggressively if you encountered a dip, if you have the financial leverage to do so, but that doesn't change the fact that the DCA accumulating strategy is the best way to acquire Bitcoin, because due to the fact that you are buying daily, weekly or monthly, you might even buy the lowest part of the dip that someone using lump sum method might miss because he thought that the price of Bitcoin will dip further.

So  it's best to keep on buying,  because we are still in the early daily of Bitcoin, so buying it regardless of the current price is the best way to go about it, because I am quite positive that in the nearest future, the value of Bitcoin will be 5x to 10x of it current price due to it high potential.

well I have a bitcoin ticker that I keep an eye on during the day, and when I see a decent dip I used to buy, but now I just auto-buy whatever the price is high or low, it was just nice to catch a low last night that I would have missed if I did the old way.
I`ll still buy extra during dips, but I won`t worry about it if I miss a few, I have a reasonable sized bag at the moment that I`m happy with, so the pressure`s off now and my laddering-in days are over now, it`s just auto-DCA for me 

Sounds like a good course of action too, but it all depends on whether Katherine wants to do it that way. After all, if she puts the order, she wants that exact price. It would be nice to catch the price where you want it to be, but sometimes it does happen at night (not with Bitcoin that much, but, still).

You don't have to watch any chart when you are into bitcoin investment for long term. Anyone telling you to watch the chart is not giving you the right advise. All you have to do is keep buying your bitcoin from exchanges and withdraw to your non custodian wallet, it can be there for as many years as you want. Any strategy you decide to use is up to you the most important thing is that you are buying your bitcoin. But since you are in for the long term it would be more preferable to just use the DCA and stop stressing yourself trying to be awake at night to catch whatever price level you are targeting. It's fine that the auto buy worked for you last night when price got to the region you targeted, but what of other days when you won't be that lucky does it mean you will keep prolonging to execute your buy order? No wonder you are always awake at night to watch it. Bitcoin investment shouldn't be done in a manner that it will be like a burden to us. So my advice is this, you should buy at whatever price you meet bitcoin when your money is readily available, and avoid the stress of watching charts and keeping late night.

Good for you! It's a viable strat too, for those who don't have time (usually).

I`v Very recently decided to take the "lazy" path, up until now I`v been strategic DCAing, waiting for dips and buying, and it was fun for a couple of years, but now I`v just set up a regular Buy-order twice a month so I can pretty much just ignore it from now on, and only buy extra during dips if I feel like it.
I`m in it for a good 10 years from now anyway, so may as well just set-and-forget really, the thought of watching charts for the next 10 years really doesn`t appeal to me.
The really neat part was that I had an auto-buy last night and it was during the dip! I`d have had to stay awake all night to have caught it.

Because Trump is currently "pro-Bitcoin" and they will create pro-Bitcoin policies under his administration, then he probably hired some people from the Bitcoin community to be his advisors, no? I would assume that those "advisors" would "advise" that the United States Bitcoin National Stockpile will partly be seeded by purchasing Bitcoin from the market.


Oh gawd.    How can you go from one extreme to the other?  Surely you love exaggerations, and it seems to me that there would be quite a few of us getting quite worried about bitcoin if we were to go back below $30k for any meaningful time... and even going below $40k would end up having quite a bit of wide-spread worrying from current BTC hodlers.. though I am not sure if those kinds of prices might inspire a lot of buying, though one of the problems with suggesting BTC price moves in advance, sometimes we might need to have some better idea of the context for such downity BTC price moves, so if based on information that we currently have and maybe Gox Dumping and some potential USGovt dumping or other governments dumping then that might explain some downward price moves, and maybe we might see the ETF holders dumping at the same time, yet we might need to see those kinds of behaviors rather than speculating about them, since those kinds of dumping behaviors do not really seem to be taking place, so it becomes quite difficult to even speculate that BTC prices might go into the lower $50ks or even get into the $40ks which woudl be a prerequisite for their going below $40k and thereafter going below $30k.. which currently all of those seem to be quite pie in the sky ideas, even though we do see some folks talking about those kinds of potential BTC price levels... which I personally have my doubts about any of those lower price levels including even getting into the lower $50ks, even though that is more possible than the others since we are at least currently in the ballpark of 20%-ish from reaching such lower $50k levels... whether a spike in price or something sustainable that happens down to those levels, it still seems unlikely to me, even though within a realm of possibilities... yet at the same time, newbies to bitcoin should not be waiting for any of those kinds of prices before buying BTC, and even folks who have been in BTC for less than a whole cycle, they probably should be continuing to buy BTC regularly rather than waiting for down scenarios, yet each person has to figure out these kinds of matters based in part on how many BTC they have already accumulated in light of their own circumstances.