Topic: Buy the DIP, and HODL! - page 139. (Read 122129 times)

I totally agree that investing in bitcoin is long term process that needs patience and determination even when faced with financial challenges. Setting goals and targets is good thing and giving up on them due to temporary difficulties would be mistake. It is like building house you would not stop halfway through just because you are running low on funds. Similarly investors should not sell their bitcoin assets just because they do not have enough money to invest at particular time. Holding on to your investment is must as selling might mean missing out on potential future profits. This requires disciplined mindset and faith in investment and I strongly believe that selling should not be an option especially for experienced investors who understand bitcoin potential.

Fact is, alot of investors (beginners and intermediates) do not realize the fact that bitcoin has gone far beyond those dayse where it could turn their $50 investment into $5000 profit. Back in the early days of bitcoin it was almost very easy to turn you little stash into a reasonable amounts of bitcoins and even within a short period or time, this is the same impression which this calibers of investors still hold firm while venturing into bitcoin hence considering it a get-rich-quick-scheme which bitcoin was never but from the early days it rose gradually and made significant difference in life's of investors.

At the current stage and/or level where we are now in bitcoin with all the things that has been happening around bitcoin one must have a good amount and/or stash of bitcoin to get the expect profit and some times in bitcoin numbers doesn't matter without the proper understanding of time. You don't expect a good number of profit in a short period of time, bitcoin is best in a long term investment which I encourage most.

You have said right, but the bolded part I certainly do not agree with 4 years being a long period of time to consider long term investment, even in other investments 4 years is really not considered long term. So in bitcoin investment we should be considering a good number of years such as 10 years and/or above as a long term investment. From a proper examination, bitcoin bull run does not eve really happen just around the 4 years cycle, it takes months into the next year which might be another year completely making it more like a 5 years for one to get a good profit from just 4 years bitcoin cycle, So I strongly appreciate a more longer years than 4 years of Hodling.

You might want to read about this collision theory which is an assumption regarding the collision of different investment strategies. Fact is they are different things altogether, we can call it buying the dips while practicing DCA at the same time that is why I called it the collision theory of the three prominent bitcoin investment methods.  Since they are different things altogether, the fact is you have to understand that there are advantages in knowing the difference in order to potentially take advantage of the differences.

Just as I have said earlier for years target is good but it's only good when one has a good amount of bitcoin in their portfolio which is what you are pointing out, I get it! but I prefer to see a longer years hodling because 4 years is not really than a long term for me if compared to other investments which are more profitable in longer terms, so 10 years and/or above should be a more decent target for long term investment.

Bitcoin accumulation is a continuous journey, even when encountering financial challenges we should keep in our mind that holding for long is essential as we don’t want to miss the goal and target set. When it comes to target it’s important as it’s needed to be accomplish no matter the time and delay for example, anyone building a house must definitely finish the project so he can reap the benefit but, what if there’s no money at the moment to complete the project what do you think? Should the person sell or wait. I’m just setting an example why an investor needs to hold and not sell, although  buildings are different from bitcoin investment but I’m relating the thought with the mind of an investor. It’s not an easy journey starting bitcoin journey mostly an advanced investor so it’s not so simple selling as I don’t agree with the thought of selling because there’s no money to invest at the moment.

In regards to changing of DCA strategies base on BTC price movements, can someone attempt to increase his BTC purchase when there is a dip, and maintain the usual purchase when the price is high?. For example, assuming I am using the DCA strategy with a price of $20 per week, then the price of Bitcoin experienced a dip, and I decide to go extreme inorder to buy more of the dip by adding $10 extra. But when the price of Bitcoin moves higher, I continued with my usual amount of $20 per week. Could this be a way of changing the DCA strategy base on BTC price movements?.


That's just it. 4 years of hodling should be a portfolio with good holdings/amount. Planning on doing it for 4years, there should be a decent amount that would bring a decent reward after the 4years. But the longer we can hodl(holding>4) our portfolio and accumulate a decent amount, the better it becomes.

If an investor is not able to grow his investment then he will not get the desired result by holding Bitcoin. If someone invests $50 and dreams of getting $5,000 in the long run, it would certainly not be logical. So the investor must expect according to his accumulation. The sooner we are able to get our Bitcoin portfolio to an expected level, the sooner we can move forward with our dream. I'm not saying that bitcoin holdings can't be kept low but those who want to build a wealth by holding bitcoins must accumulate a decent amount of bitcoins. If I want to hold bitcoins for 4 years then I should increase my bitcoin holdings to a point within those 4 years.

I am not sure what purpose comes from arguing how DCA and HODL are different, and surely they are different things, yet they might be employed in complementary ways, but still depending on where a person is in his bitcoin accumulation journey, and also what might be happening with BTC prices.  Surely if someone already has a practice of buying regularly with DCA, then he might not care about price, and just be DCA buying within the constraints of his discretionary income, and maybe sometimes having fluctuation in his discretionary income that could end up affecting the amounts and/or the frequency of his BTC buys.

Maybe after several years of DCA buying a guy might start to move away from DCA or maybe employ DCA strategies that are based on BTC price movements, and surely it may or may not be a good idea to start to change DCA methods, yet at the same time, these are discretionary matters that involves a guy's own assessment of his aims and goals in terms of his BTC stash size and other kinds of factors that might persuade a guy that he might need to transition into other kinds of accumulation or maintenance strategies or maybe even transitioning into sustainable withdrawal strategies that could employ various mixtures of practices.. including both selling and buying.... but then sure in this thread, we are not necessarily assuming that a guy has gotten to the selling stage yet, so HODL seemed to have been an idea (practice) that might be employed once a guy might be buying on the dip, but he price keeps dipping, so maybe at some point when the guy runs out of money, the next logical thing would be to HODL rather than to sell.


You have to settle on your own goals lepbagong, because each of us is going to have differeing circumstances, including if we came into bitcoin with capital or if we might have started with minimal investments and then over time we might start to become more informed about our longer term goals after we spent several years accumulating BTC.

Take your own situation, for example, it is possible that you could have already been buying bitcoin for the past 7 years, and if you did, then your own goals would be affected partly by your past performance and/or where you are right now as compared with where you might want to get.

So for example, if you had been investing $50 per week into bitcoin for the past 7 years (since your forum registration), then you would have had invested around $18,300 so far and you would have accumulated about 1.65 BTC.  Sure you would be in a decently good place, especially compared with a no coiner, yet you still might feel as if you have not quite accumulated enough BTC in order to start to employ some kind of a sustainable withdrawal, so maybe you might consider some kind of an investment plan that takes into account how much you have already invested and also how many bitcoin you have accumulated so far.

I am not sure about what you are wanting to achieve with getting "maximum result," even though I personally tend to suggest that guys try to invest into bitcoin as aggressively as they can without over doing it.. but still there are even boundaries in terms of what might be considered aggressive, overly-aggressive, whimpy and/or over doing it and also various details regarding how well your finances (cashflow and psychology) might be in order prior to employ more aggressive BTC accumulation techniques. if that might have been what you were suggesting by the desire for "maximum results."


Surely guys have to do what they can, and yeah, many of us likely realize that it is better to start out with some kind of a bitcoin investment plan that involved consistent and persistent BTC accumulation for several years before we start to relax in terms fo the quantity of BTC that we have, and surely guys might come to differing conclusions in regards to how much is enough including that a guy might change his mind about his allocation level, so maybe he considers that he should have 5% of his investment portfolio in bitcoin, but then later he comes to some other conclusion that might shrink the level so then he might start to invest into other things in order to bring his BTC investment level down, even though maybe he never sells any BTC, the size of BTC allocation starts to become a smaller portion of his overall investment portfolio.. yet we likely realize that if the guy continues to hold bitcoin and does not sell bitcoin, then it is likely that his bitcoin will outperform his other investments and may well start to cause him to conclude that it might be better to retain higher allocations of his investment portfolio to bitcoin.

Every Bitcoin investor, I believe already have his budget planned out meanwhile hitting and surpassing it is not a problem compared to feeling a lot relaxed and deciding not to create a new budget. We might feel the need not to invest but dearly every satoshi we refuse to accumulate now will definitely secure a worthy price in the future and some will leave in regrets while those who had took the opportunity and invested will surely reap better.

The amount of Bitcoin in our portfolio, forever remains the same, what we invest is what we have  in there, only the price keeps fluctuating according to the volatile rate going on in the market.

I think Zackz5000 had interpreted the underlined concept in a wrong way, or should I say, he has choosing to process one part of the statement while omitting the other. The image above is a practical example. Instead of pushing for the hodl button, it's better to push for both hodl and buy more button, as it's a better way to accumulate and get a better result as long as the investment can last. And a major way to buying more is to use a continuous dca approach method which requires proper planning such as setting aside amounts for basic needs and neccessary amount to be used for the dca.

Any one ever considering having Bitcoin in his or her portfolio requires looking beyond today's healings, Bitcoin investment is a future investment such that one don't need to be much worried about the present condition, if it is about volatility, that is simply an inherent trait of Bitcoin that makes it more interesting, a long term Bitcoin investment shouldn't be that challenging during the bearish market just as you said since you will be investing from your disposable income after taken care of whatever might have been considered to be a basic needs with a provisional emergency funds inclusive. However, those that get much of the worries or challenges during the bearish market are those that bought for short term profit maximization while an idea long term investors takes advantage of the bearish market by accumulating more Bitcoin at a more cheaper price.

the opportunity to secure profit on bitcoin investment is higher if someone invests in a longer period of time, because bitcoin has a cycle and looking at its history that in every cycle bitcoin always prints a new ath, and if investors rely on this alone they can get profit if they can be patient and consistent to invest in bitcoin. although being a long-term investor is quite challenging, especially when bitcoin is experiencing a bearish market, but if someone trains their self-control and has the tenacity to be able to get profit in the future, they should not be affected by uncertain market conditions.

I think you are not getting the point @Bravut was trying to make on that aspect because if I understand him correctly he is trying to state the fact that is not advisable to ask an investor to only hold the little he had accumulated but that instead they should always continue on their investment, which is actually true because so many people especially the newbies on Bitcoin investment believes that even as little amount of Bitcoin they have on their portfolio is enough to fetch them a good profit in the future, which we no that is not actually possible because lets take for instance someone invested only $50 on Bitcoin and decided not to invest again hoping that in the future the $50 will worth huge profit, which is not possible because the profit will not be much compare to investors who are consistent.

If you are saying you can't advise someone to hodl onto their purchase Bitcoin it simple means you are telling or advising them to sell out their Bitcoin hodling for this can be a misleading information to new investors or those that don't understand the importance of hodling their Bitcoin. You can still hodl onto your Bitcoin if properly you don't have money to accumulate more Bitcoin at the present time that doesn't mean one should sell out his or her Bitcoin hodling that's why it is always good to have your discretionary income readily available so you won't sell out your Bitcoin hodling when there is no money to accumulate Bitcoin at that the present time you can still hodl your Bitcoin for a longer period of time probably 4 years and above.

To determine maximum results and how long you should continue to use this method when buying Bitcoin, this is when the amount of Bitcoin has been collected to the amount we want. Because every thing that is done certainly comes from desire, even though it must involve a strategy in carrying it out diligently for a long time so that the target for how long it will continue to be carried out is at the level of desire of each person who wants or is carrying out this thing. Because that is part of each person's goal in achieving maximum results through Bitcoin.

Yes, I totally agree to your sentiment bro, while we have the intention of holding, let's not forget to hold something tangible, something that will definitely worth it at the very end, that's why it's very much advisable to hold and accumulate a very good stash of Bitcoin, so that the reward will be worth waiting for, but if the Bitcoin in your possession isn't worth holding for a very long period of time then it pointless doing so.

So in essence is that if as a Bitcoin investor that's really want to invest and go on the journey of holding for a very long period of time, it's best to hold a very good stash of Bitcoin, so as the investment would be worth it, because that's what going to determine how profitable you are going to be on the longer run.

Maybe we have to admit that what you say is what should be done at this time, when the DCA scheme is a good thing to do in any situation and can still be used, because it does not affect situations that might occur but can still be done well and measurably.
Before reaching the end of the goal, this scheme can still be implemented even if the market situation is not good or is increasing. What is needed is the goal and how long we will end this scheme in order to get maximum results.

The focal point or logic should be that one don't need to sell his or her Bitcoin investment at the time or when you are supposed to be accumulating that is one most important thing that are always been discussed here the reason while holding dominates the thread, keep accumulating also sounds more like holding which aim is to have or realize a good size of Bitcoin up to a reasonable amount which is the determining factor that will put you in a good and substantial overall return of investment over a long period of time of about 4 to 10 years or more.

You seem to be mistaking the DCA method of buying bitcoin for a way of holding bitcoin.  The DCA is just a way of buying bitcoin in a regular fashion such that the amount invested is what the investor can inject into bitcoin consistently without feeling any financial pressures. Although the DCA method remove the pressure to sell your bitcoin, it is not all that is needed to hold bitcoin as holding is entirely a different thing of its own.

To hold bitcoin, the intention must be clear and the plan made before the investment is made. Some of those plans are setting aside funds for basic needs as well as that for emergency funds to take care of other needs that may arise that are not planned for. One can also setup reserve funds depending on his financial capacity just so that there is no pressure whatsoever that will make the investor sell the bitcoin being held.

Accumulating bitcoin with the DCA strategy allows you to accumulate bitcoin freely without waiting for the market to dip before you can accumulate bitcoin. With the DCA strategy, you can accumulate bitcoin anytime your money is readily available, and you can accumulate bitcoin even when the bitcoin price is increasing or decreasing, which will make you not be concerned with buying the dip because the DCA strategy has you covered. Controlling emotions is another reason why people accumulate bitcoin with the DCA strategy, so that their minds will not be troubled if the bitcoin price drops after they have accumulated bitcoin.

I don't think that the DCA strategy is only applicable to be used by those who have enough cash float as you may say it, despite not having enough cash flow one can still use the DCA strategy with out having much cash flow since it is a process that help you accumulate more Bitcoin in different price level which you can be accumulating every week or month, I believe one can still accumulate more Bitcoin with little cash flow since you are not buying everyday though one can choose to accumulate daily but can still accumulate Bitcoin weekly or monthly as the case may be.

And also there is nothing wrong been aggressive when accumulating Bitcoin because if you want to benefit more from your Bitcoin investment you need to be aggressive because it will help you accumulate more Bitcoin but you shouldn't over do it in a way that it will affect your personal life negatively, and can also be very risky when over do without having a good source of income that can help take care of your personal need when unexpected challenges may arise so you won't sell out your Bitcoin hodling In a short period of time.

Yes no doubt about these, it's a fact that is why is very good for long term holding DCA is not for people in haste even  when it can accommodate  all kind of investor, people without I strongly doubt any body who is having patient problem to do well in this even in other strategy Bitcoin investment generally need patient, if one have the mindset of holding for long time patient must be involved.
Buying  gradually before one kick start to be aggressive helps in the DCA it make you more relaxed but achieving the accumulating unexpected Bitcoin without stressed all one one need continuous accumulating and patient.