All original investors will want to keep their bitcoins for a long time. That is why every investor should implement their plans, because investing must be planned. Although currently there is a massive dip in the Bitcoin market, as Bitcoin reached $70k, from where it has touched $64k.
This is the gap that is created and the most success is possible if you buy the dip according to this gap. So every investor needs to have a separate fund in his investment list to buy bitcoin dips, and continue to invest in regular DCA method with other funds.
Topic: Buy the DIP, and HODL! - page 136. (Read 130738 times)
But we can follow the market and make various predictions to understand the minimum price of Bitcoin can fall to USD so accordingly we can create many Dip positions and when the price of Bitcoin reaches that price we can buy Bitcoin according to our financial condition and ability to invest. And if we can hold them for long term then it will be very easy to make good amount of profit.
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term
I know the method you mentioned is a very profitable method. No one will discourage you from buying dip. To buy a dip you have to wait until the specified time and the specified dip position is reached. Because of this many times you may fail to buy dips and may discourage you from investing.
I can tell you a method as simple as dip buying method. That way you can buy more dips and you can get more profit if you hold it for a long period. Instead of waiting to buy the dip, you can buy small amounts of regular bitcoin as long as the price remains below the new ATH. As long as it doesn't make new ATH you keep your investment and commit to long term. For example, the current ATH of Bitcoin is around $73k, that is, until the price of Bitcoin does not cross $73k, you should consider the price of Bitcoin as a dip and keep buying. When the price crosses $73k and creates a new ATH, you should stop your investment and try to go long. As a result if you start this method now your average dip buying price will be between $65k-$67k. Bitcoin is predicted to be worth $120k or more by the end of this year or next year. If you think you won't buy this savings before the sale, you can (potentially) sell for $150k even if you want to sell after 4 years. Where your average purchase price was $67k and your selling price would be $150k+, your profit would be more than the purchase price. Thus if you target another ATH and trade using the same method then after 4-12 years you can get 3x-4x profit.
I generally prefer the DCA approach, thinking about such an approach in relevant words and discussing it with you. Please correct any mistakes in this procedure.
The DCA method is really good no doubt but we can't really say is the best and most profitable way to Bitcoin investment rather it can be seen as the best for those who uses that method of accumulating Bitcoin do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.
I would like to know th category of investors that you refer to as great investors.I’ll agree with you however not on the term that the DCA method to building a Bitcoin portfolio isn’t the best but, the idea that the best form of investing is subjective to individual investors. I’ll give you 2 instances but before that, let me remind you that, Bitcoin is very volatile and extremely difficult to predict on its price movement.
With that on your mind, let’s get to the instances
Whale investors don’t need no prediction on what price they might buy in at, although, a couple of them do look at the charts but, it’s not always necessarily the dip. They understand the concept of hodling and they eventually does hold, not minding what’s going on in the market because, they know it would rise.
Small and inexperienced investors often don’t know how to go about predicting the market and even when they get the hang of it, they tend to wait too long to invest because, you don’t get to nail the dip accurately and that could lead to loss opportunities.
DCA ensures you’re not making no mistakes or procrastination, you don’t get to predict the price and no opportunity is lost. All you need is patience and some other stream of income to support your hodling and add to your portfolio using DCA.
The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.
As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.
The DCA method is really good no doubt but we can't really say is the best and most profitable way to Bitcoin investment rather it can be seen as the best for those who uses that method of accumulating Bitcoin do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.
I agree with your sentiment here, the DCA accumulating strategy works mostly for someone that has the intention of holding for a very long period of time, because since you are buying in different price interval, you wouldn't reap the full dividend of it,, if you aren't a long term holder, so as we are still in the early days of Bitcoin, any buying price now will be very much ok, but in the future, when Bitcoin has already skyrocket to one million dollar, the DCA accumulating approach wouldn't be that idea again, so I urge all Bitcoineer to seize the opportunity now and utilitize the DCA accumulating strategy now that it's still effective.
It doesn’t matter the price of bitcoin DCA strategy will always be useful and effective for people because it is the only way people will get to invest what they can afford to lose and not go beyond their limits.
Because the Bitcoin market is known to be very volatile, it allows investors to use the DCA method to invest in the long term by buying Bitcoin regularly. This method will not work perfectly without being accompanied by financial, mental and patience readiness. The funds used should not be used for other needs in order to be ready to withstand shocks in the market, investors must also have a mentality that is ready to withstand emotional turmoil when the value of Bitcoin continues to fall and patience in investing is needed because the situation that occurs in the market is not always smooth as imagined.
Investors certainly do not want their money to just disappear, there are always efforts to find ways to keep the invested value intact and get profit from the investment. In investing you must be able to think realistically, never get caught up in market conditions and assume prices will continue to rise. Now that Bitcoin is starting to trade at a slightly higher price, you should be patient and wait for the price to drop, when you buy at a lower price, your money is not tied up too much if the price goes lower because you can activate the DCA strategy afterwards.
Using the DCA method to invest in the long term I think is not because the price of Bitcoin continues to move quickly or the price of Bitcoin is very volatile as you said, but more on people's choices or limited money to invest so that the DCA method is quite good to do buying slowly with the existing ability without disturbing other personal finances, so investment will be safer if using money that is not used in everyday life.Investors certainly do not want their money to just disappear, there are always efforts to find ways to keep the invested value intact and get profit from the investment. In investing you must be able to think realistically, never get caught up in market conditions and assume prices will continue to rise. Now that Bitcoin is starting to trade at a slightly higher price, you should be patient and wait for the price to drop, when you buy at a lower price, your money is not tied up too much if the price goes lower because you can activate the DCA strategy afterwards.
It all goes back to the initial planning, if to invest in Bitcoin for the future I don't think much consideration is needed but for a plan to take advantage of a certain amount requires a lot of calculations and market alliances.
Now we are talking about investing for the future and using the DCA method to collect it, I think it won't be difficult, do it and forget it until our future will benefit.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
You are correct technically since making purchases of Bitcoin during the bearish market can be giving more Bitcoin at a lesser amount of money but a newbie that is new in the space should not pay any attention to the market conditions before attenting to increase his or buying in order to decent his or her Bitcoin portfolio. However, it all boils down to how much of disposable income that is made available for investment irrespective of the market condition, yeah my point is that no one should be carried away by the influence of the bearish market and use the money that is meant for other important living expenses for investment which might be apparently out the initial plan. No one should be hesitant to decent portfolio by increasing buying Bitcoin during the bearish market without any proper planning and budgeting.
Is it truly now possible that we won't be seeing any large DIPs anymore after Trump's announcement of a Strategic Bitcoin Reserve? Because why would individuals and institutions sell their Bitcoin with the knowledge that there's a probable race between nations in Bitcoin accumulation. One nation like China WON'T allow itself to be behind the United States in participating in this technological marvel. Russia, because of Bitcoin's properties and in their current situation, will need to buy it as well, and better buy it while it's in five digits.
Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!
Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!
Oh gawd Wind_FURY. You are outrageous sometimes.
This sounds like your previous prediction (wasn't that in around early 2021? or did you say that in late 2021?) that bitcoin would never go below $50k again, and how did that play out?
it does not really matter too much whether you said that in early 2021 or in late 2021 because that kind of a statement was a bit too much, and not merely because you ended up being wrong, but because the contents of the statement was putting too much confidence in one BTC price direction and expressing yourself in absolutes... Yes, I know that you cannot help yourself, but still could you at least try a bit MOAR harder? Just for funzies?
I'm merely speaking in hypotheticals, ser. Because if Trump indeed creates a Bitcoin Strategic Fund, and considering the actual nature of Bitcoin - attributed to its design, do you actually believe that Russia and China will simply ignore that? Has Bitcoin no technical merit to become something much larger in the coming decade?
I don't know, but if Trump wins, and his Bitcoin Strategic Reserve actually causes other regions in the world to follow the United States in purchasing Bitcoin, it will not matter what I said in the past.
I think what @JayJuanGee is trying to say is that you shouldn't be certain about your assertions that "there's no need to wait for a DIP anymore" because even if Trump's Bitcoin strategy reserve influence the price of Bitcoin positively and also cause an increase in adoption all over the world since a lot of countries will want to follow the step of the United States but that doesn't mean the price of Bitcoin may not DIP anymore, remember there are many factors that attributes to the price of Bitcoin going up or down. Even if Bitcoin gains full adoption it doesn't mean the price cannot fall again at some time so we shouldn't be too confident that if Trump wins the upcoming United States election and Bitcoin strategic reserves becomes a reality that the price of Bitcoin will not DIP anymore. If you assumes that then possibly you are giving us the impression that Bitcoins price movements is dependent on political influence which is not true.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
But another factor to consider why some might still consider to wait further is that everything is just a mare speculation as nothing is certain that if Trump does create a Bitcoin Strategic Reserve in 2025, that price of bitcoin will go over $150k, that's why some people will still choose to wait further. But to be on a safer side one should always get as little as we can through the DCA so that if events go either ways we won't lose out totally.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
We all know Bitcoin is a volatile currency. Price dumping and pumping are familiar forms of Bitcoin. Selling savings as they are dumping prices can be considered a bad decision. Investors need to be advised to be bold before giving any advice. The lack of courage to fear dumping can lead to regrets and potential losses. So if you dump the price of Bitcoin, it will definitely pump again, try to hold it instead of selling it out of fear.
This is why new investors should adopt the DCA strategy to accumulate bitcoin in order for them to build their bitcoin portfolio continuously without stopping, because DCA gives them the chance of buying bitcoin when the price dips and pumps because all what they are doing is just to keep on buying so that they can reach their bitcoin target overtime. DCA is my favorite strategy and that is what I am using to buy weekly because it eliminate the fear in you since it is an amount that I don't need urgently that I am using to DCA and before I started my bitcoin journey, I am used to saving money from my monthly income.
perhaps I you don't really understand how it works let me explain it with an example, so let's take for instance years ago you invested when Bitcoin was $50k and it later fall to $26k there is no need to panic even if your investment depreciated in value but it will surely come back it normal price and even continue the uptrend movement, so truly there no need to be concerned about Bitcoin price because your investment is secured so long as you are holding, so try not to be thinking on that direction.
Thanks for explaining me about holdings so nicely. Your example was helpful for me.It seems to me that it is quite difficult for someone not to feel uncomfortable when his investments are in negative territory, and even more so in negative territory, can affect a person's psychology, even if he already has a lot.
I meant the same thing. I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
We all know Bitcoin is a volatile currency. Price dumping and pumping are familiar forms of Bitcoin. Selling savings as they are dumping prices can be considered a bad decision. Investors need to be advised to be bold before giving any advice. The lack of courage to fear dumping can lead to regrets and potential losses. So if you dump the price of Bitcoin, it will definitely pump again, try to hold it instead of selling it out of fear.
But we can follow the market and make various predictions to understand the minimum price of Bitcoin can fall to USD so accordingly we can create many Dip positions and when the price of Bitcoin reaches that price we can buy Bitcoin according to our financial condition and ability to invest. And if we can hold them for long term then it will be very easy to make good amount of profit.
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term
I know the method you mentioned is a very profitable method. No one will discourage you from buying dip. To buy a dip you have to wait until the specified time and the specified dip position is reached. Because of this many times you may fail to buy dips and may discourage you from investing.
I can tell you a method as simple as dip buying method. That way you can buy more dips and you can get more profit if you hold it for a long period. Instead of waiting to buy the dip, you can buy small amounts of regular bitcoin as long as the price remains below the new ATH. As long as it doesn't make new ATH you keep your investment and commit to long term. For example, the current ATH of Bitcoin is around $73k, that is, until the price of Bitcoin does not cross $73k, you should consider the price of Bitcoin as a dip and keep buying. When the price crosses $73k and creates a new ATH, you should stop your investment and try to go long. As a result if you start this method now your average dip buying price will be between $65k-$67k. Bitcoin is predicted to be worth $120k or more by the end of this year or next year. If you think you won't buy this savings before the sale, you can (potentially) sell for $150k even if you want to sell after 4 years. Where your average purchase price was $67k and your selling price would be $150k+, your profit would be more than the purchase price. Thus if you target another ATH and trade using the same method then after 4-12 years you can get 3x-4x profit.
I generally prefer the DCA approach, thinking about such an approach in relevant words and discussing it with you. Please correct any mistakes in this procedure.
This method is especially useful for those who cannot afford to buy a large amount of bitcoins at once but are willing to invest in bitcoins. Only they can invest in this method and buy bitcoins in small amounts and hold it according to their specific goals.
The DCA method is not only for those who want to buy Bitcoins but cannot buy them all at once due to lack of funds. The DCA method is for anyone who wants to invest in Bitcoin. Everyone knows that Bitcoin market is the most volatile market. If you are a true investor, you definitely don't want your money to be lost after investing. To catch up with what you said I would have had to go back another 8,9 months and invest when bitcoin was $35k,$36k. But now the price has reached $70k! Now what if someone invests a large sum of money at once, and 2 days later the price of Bitcoin drops to $40k? Have you thought about that? I think no investor can think like that.
Firstly, you need to calculate how much money that you have left after you have taken care of your monthly expenses and family needs, which you will not need for or or that you can save for long without a problem of spending it so that you can continue buying bitcoin with such amount. From that amount that is left, you can share it into two part and use one part to buy bitcoin every week or month continuously without skipping any week or month.
Next is for you to set up an emergency funds that will be a back up to your bitcoin investment that you are buying and building for a long period of time, so that whatever financial challenges that may come your way during investing, you can use your emergency funds to tackle if when a real emergency happens. That will make you not sell your bitcoin when it is not at your own will. The second part of your discretionary income can be used to build your emergency funds for 3-6 months and above and it is good that you build your emergency funds simultaneously with your bitcoin investment.
After your emergency funds is built up, you can channel that money for building a reserve funds to be a back up to your emergency funds. If you have your emergency funds, reserve funds and float in place, it is your choice to buy bitcoin aggressively so that you can buy more Bitcoin to cover up that time that you were using to build your emergency funds and reserve funds, so that you can accumulate more bitcoin.
But here now I have one problem I never want to stock them on any exchange and having this in my Electrum wallet has never been easy because this need good fees for withdrawing from exchange site hopefully I will do something about this as well because some time back I have nearly 1 bitcoin in cryptophia, but It's never came back into my pocket after this exchange disappear.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
What you said is not that bad, but I totally disagree with what you said, which is Bitcoin is absolutely risk free, which in my own opinion it's misleading, especially to someone new or a total novice, I know that due to the potential of Bitcoin, most times people forget their self and get carried away just as you are doing now, but I want you to take note to the fact that Bitcoin investment is as risky as every other investment out there, so don't think that once you invest in it, you are 100% sure that you will be successful.
DCA is a strategy that provides the opportunity to buy Bitcoin at different prices, given its volatile nature. By using this DCA method, instead of buying Bitcoin all at once and later seeing the price drop due to various factors, you can consistently invest over time. This approach helps to accumulate Bitcoin at various price levels, potentially leading to more profits in the long run.
Additionally, DCA prevents the risk of missing investment opportunities by avoiding the need to time the market. Waiting for the price of Bitcoin to drop before investing can cause people to miss out opportunity to invest, as the price may not decrease to the desired level they want but By regularly buying Bitcoin through the DCA method, investors can continuously acquire Bitcoin at different prices, rather than waiting for a perfect entry point that may never come.
DCA is the best way to accumulate bitcoins at different prices, this allows us to vary the price we buy over time and this is one of the most widely used investment examples because buying all at once feels like it would be hard for us because we don't have a lot of money to do that.Additionally, DCA prevents the risk of missing investment opportunities by avoiding the need to time the market. Waiting for the price of Bitcoin to drop before investing can cause people to miss out opportunity to invest, as the price may not decrease to the desired level they want but By regularly buying Bitcoin through the DCA method, investors can continuously acquire Bitcoin at different prices, rather than waiting for a perfect entry point that may never come.
Actually, even buying at once at a price of $66K then the price drops to $40K is nothing to worry about because you buy in a lump sum for the long term then bitcoin will definitely go up again so there is no need to worry about this.
That's DCA beginners and old investors still use it the same as the opportunities that we do, therefore this is just instead of waiting for uncertain prices unless they buy at any price no matter the bitcoin for a period of 5 years then it is clear that the benefits will be obtained later.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.
As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.
But we can follow the market and make various predictions to understand the minimum price of Bitcoin can fall to USD so accordingly we can create many Dip positions and when the price of Bitcoin reaches that price we can buy Bitcoin according to our financial condition and ability to invest. And if we can hold them for long term then it will be very easy to make good amount of profit.
No matter what strategy you use if you can't hold bitcoin long term. In that case Bitcoin will not give you a very good return. so your main focus in investing in Bitcoins should be to hold Bitcoins for the long term
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.
As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
Well, the market is unpredictable right from the beginning but if anything can influence the price of Bitcoin it really means that now is the perfect time to keep on accumulating Bitcoin aggressively because from this current price range, accumulating up to 0.01BTC (or more) right now would not be bad (depending on the investor actually). So that ones Bitcoin skyrocket to $150,000k there will be a lot of profits on our portfolio. However, it would be better if an investor take the advantage of the DIP, no matter how how much Bitcoin DIPs it's important to see that as an advantage to buy more, because no body knows if the next bear will be another ATH. There is no much risk on Bitcoin investment, the only thing I see as a small risk is just the fluctuations of the price, but I have believed that in as much as Bitcoin is concern, no matter how the price is low it will definitely increase again.
The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.
As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.
I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?
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