Topic: Buy the DIP, and HODL! - page 140. (Read 109337 times)

One of the beauty of investing in bitcoin is that one may decide to start with amount as low as $10, to start his Bitcoin accumulation journey, and as time goes on he or she may decide to increase the amount of their bitcoin accumulation depending on their cashflow at that time. One thing we should know is that we can start our Bitcoin accumulation with any amount, but still our profit we may endup making still depend on the number of Bitcoin stashes in our portfolio. That's why we have to be consistent with our accumulation and same time be aggressive, without over doing it.

Bitcoin is not like other coins , that may not bounce back whenever they experience a massive decrease in price. Though it may take time but Bitcoin always bounce back stronger, Like around 2022 Bitcoin experience a massive dip to the price range of $15k and it's started falling from the price range of $60k if am not mistaken (because is Kinda fuzzy now). Well then alot of folks sold their coins, and same time alot of folks also thought that Bitcoin may not recover back. But now look at Bitcoin has even created a new ATH and we all believe it ain't stopping there .

So there's no reason for one to be scared of investing in bitcoin (though there's no guarantees, but still worth it), or procastinating now . Because you may only endup not doing yah self any good .

You are right! Now is the season to invest in bitcoin and now is the time to buy at dips. I think most investors invest for profit so you can call this expectation greedy. However investors who were waiting for high quality dips especially new investors can now buy at their expected price. Dips season may not last long as the demand level is gradually increasing and future holders of a fraction of bitcoin may spend many more dollars.

My emphasis is in the part I bolded that talks about dca
Dca is strategy for accumulating Bitcoin and not an investment
I would like to say that the dca strategy does not requires any special or suitable techniques to accomplish it's purpose, it is a simple strategy that involves the practice of a systematic investing of equal amount of money at regular intervals irrespective of the price point and it can become more easier if purchases can be made by automatic by setting a buy order as it saves the stress of timing the market before making purchases of Bitcoin.

My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs.

> Aggressive approach.
> Source of income.
> Type of work.
> Planning.
> Suitable technique for making "DCA" investments.

Of course, all these factors need to be considered when starting to invest in Bitcoin. Because after all, all the factors above are very important foundations so that Bitcoin investment can run more smoothly and optimally. However, there are times when all of the factors above do not apply, in some people, or at certain times. For example, if we look at financial conditions, of course everyone in this world has different financial conditions, so of course an aggressive approach would not be recommended for people who have middle to lower financial conditions, because it would be too risky to do that.

Then regarding the source of income, this factor is very important for someone who wants to start investing in bitcoin. Because if you look at it from the positive side, having a source of income will definitely make it easier to manage money for your needs and also for investment assets such as bitcoin.
But in my opinion, only a handful of people can really allocate their money well and really meet all their needs, even though they have a source of income. So if that's the case, other factors are also hampered.

So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.

I don't know if there's some impression like that exist by doing such method since people didn't aim to gain for short term. Maybe there are different views on how to approach certain information or strategies they learned. But what's important is their goal and if they feel that they need to compete with other then maybe its better if they erase this thoughts since the most important thing that needed to take their attention is on how they could improve their selves regarding to learn on how those DCA method should perfectly done. Also how they could able to budget their funds so they may have good budget to spend for their hodl plans and also on how they should deal with certain situations that might disturb the hodl activities they do.

The journey of hodlers is not easy especially if you are a newbie since for sure there would be a lot of challenges you need to surpass but if you are experience investors for sure you provably enjoy all of things what you do and can give good advice to those people who plan to start their hodl journey.

That sums it up pretty well! The market is unknown and while there was a time when big players like Binance probably could manipulate the market if they wanted to (or did?), it's now a point where even the big players most likely have a harder time to really tell where it goes as the number of big players is growing. Unless they collude, it' more a question of tendency than price points. And as you said, nobody knew whether it would go down or up at at the 15-16k mark and yet you find all these gurus with their moving averages and what not to tell the world where BTC goes next. I have long, very long given up following anyone of these gurus. I can't even tell when I watched someone drawing lines the last time.

If anything, the only person or entity to know whether BTC goes tremendously down is the one sitting on at least 50k BTC and decides to dump. But that person won't let the world know, so no guru can know. You can twist any data points for so long such that any drawn line and any other indicator for that matter, makes sense somehow, at least somehow, and then propagate it as if it was genius analysis.

Yes that is the conclusion of the whole matter, your in tone of my point of argument, many deray from the point the objective of here is centered on how to accumulate BTC using the DCA strategy according to what you can afford and how your capacity may be no competition or comparison, neither is it in turn restricting any one one what ever strategy you want to join together with the DCA, the issue is if one examine it's self that is capable to use different strategies your free but whoever the strength don't reach should not copy whose strength reach because is not how far but how well.

Some people forget we are here to accumulate bitcoin, hold it until the expected year we want to sell it, and not to be in competition to see who will accumulate more bitcoin. Invest in bitcoin according to your income source. Don't take because of Mr. A is accumulating bitcoin with different strategies and wants to follow him; you have no idea what kind of plans he has put in place that allow him to do that. If you know your income source is not good, stick with the DCA strategy so that you will have enough money left to cover your living expenses. The journey of Hodler is not easy; you will always have money to cover your living expenses before you can succeed. We should be careful how we use our money to buy dip if our income source is not good. The goal is to accumulate bitcoin, hold it for the long term, and also live a comfortable life.

Building a decent-sized portfolio can take longer for middle- or lower-income people because of their large deficit in disposable income. Basically investing in BTC should encourage rather than discourage small or medium investors and deposit at least $10 if it can run and not have to withdraw midway. Maybe it will take them 10 years or more to reach a point - at least getting used to BTC investing. DCA is really difficult to manage due to the lack of consistency of expenses and excess cash supply compared to an individual's income, in addition to having a separate source of income in this case. But you may not have other options to increase your income or spend most of your day in your current job. I think in terms of investing, even if it's on a small scale or in small amounts, having the habit of accumulating your BTC by following the DCA method will allow your portfolio to grow over the years.

The dca has really made it more easier for a common man only if he understand how much of his discretional and disposable income after taken care of his personal needs and a provisional emergency funds before considering Bitcoin investment as he make purchases with as little as he can be doing comfortably either weekly or monthly, I would want to say that meeting up one personal needs can be of different standard, there are those who might have been spending on things that may not have been necessary than investment where they could have curtail expenses in way that it will not affect there living and as well invest in Bitcoin. It must not necessarily be improving their source of income, or finding a better job, or adding a part time job but also has a lot to do with proper planning and budgets, thou they are all good as it gives you an opportunity of being in a good position of maximizing opportunities of buying Bitcoin, however there are those who are very off about investment but only focus on satisfying their personal needs and spending on things that might not be necessary to the extend of buying liability instead of an asset all in the name of covering their cost of living.

If we talk about investing then yes of course as you said that having a good and reliable source of income is a good situation for an investor, because by having a qualified source of income then they will be able to balance all their money allocations evenly, such as to cover the cost of living and divide a portion for bitcoin accumulation every time they enter the allocation schedule in the DCA strategy they use. But yes basically it is quite easy to say but it is difficult to actually be in that situation especially for those investors who have a middle to lower financial situation that sometimes even to meet the cost of necessities is not enough. But I think it's a fact that all of that can be fixed if they're really serious about getting involved in the investment world, by any means improving their financial situation and maybe in a way like you said buddy by improving their source of income, whether it's finding a better job or adding a part-time job.

That's why they keep on saying that one should be aggressive without over doing it. Because dipping all yah cash into an investment without any proper plannings like having an emergency funds, is not encouraging at all . That's why sir JJG always emphasize on this that we should always have an emergency funds in form or fiat or usdt.  And we shouldn't over do it whenever we trying to be aggressive. So in order words if you have some good discretionary income. You can share it into percentage leaving some as emergency funds and the other for investing.

The thing is that when it comes to investing in Bitcoin one should have some nice stashes inorder to gain good profit from it.  Because not being able to stash good quantities of Bitcoin may lead to one not making good profit from his holdings.

You can invest aggressively when you have the funds to do that, the most important thing is that you don't over do it, if not it will affect you, and you will end up selling some part of your bitcoin to conver up some emergencies that will arise. Your emergency funds is good to be in a good position size because that is what will determine how aggressive you will be in buying regularly weekly or monthly.
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Like I said whomever that is doing this investment should be able to know that he has what would sustain him or her at the cost of investment, people are investment according to their risk levels and anyone who has chosen a best way that is suitable for him should carry on with his investment, in as much as he understood the situation and knows when to tackle risk and needs then what more bro? Like me I invest according to how I could accept my risk level I don't over investment where I have to put myself in a tight corner or having to start dipping hands in my previous investment is a really bad practice in my opinion and can never make a good investment.

He must set aside reservation or cushion fee that would be sufficiently enough to carry out their emergency needs without them having to go touch their investment to keep pushing their lives.

The one thing that always gets me in the variance of opinion, is general the BFTD person goes back in time a picks out a historical period that suits/backsup their  assertation that BFTD is better. Then assert what they would have done to get all the different dips. But in a future price pattern is hard to guess, and really know are you getting it at the correct dip price. When we hit the ATL this cycle, I remember alot of people were waiting for <12k when we are about 15-16k mark, and probably missed the boat. The dca'r would have got some really close to it for a bit. When the market started rising I would be fairly certain the dip buyers probably got in at a higher price some where in the >20k. I think this scenario plays out quite a bit more than people are willing to admit during all cycles, and price volatility in bitcoin.

For the experiment the future market is a complete unknown, for both the dca'r and the dip buyer. It creates a level playing field and simulates reality, I think the experiment would help show some of WCS(woulda,coulda,shoulda) side of dip buying that you dont really have privy too.

buying strategies only, no selling or trading just pure accumulation. I think the term is something could look at changing, I just put something down to start the conversation. Also the $ amount is completely arbitrary, you can slice and dice it anyway ya want. DIP buyer could load up everything into one buy right now if they truly believe the current price is the maximum dip in the next 12 months.  


Absolutely agree, there is so many different ways to approach your accumulation strategy. Lump sum, dip buying, dca etc they all ultimately help you get to your accumulation target. Its not so much about which one performs better, I'm just interested in a future unknown how well will dip WCS buys at.  Like i said above its too easy to go back into historical data and say oh yeah i definitely would have done that when in reality they probably didn't.

Yeah people could back out of the thread and stop doing it. Is there some other way could do it to make it easier to do, I'm all ears if you have any suggestions?

I disagree with you that those who have more than enough funds to invest in bitcoin but choose to invest only little are traders. It is just that they don't have the insight of what the power of bitcoin will be in future based on value, because if they know, they will happily invest aggressively instead of in a whimpy way. Those who invest whimpishly will always regret in the latter when bitcoin price hits a certain level.

Agresive Investment is not only putting all your fund in bitcoin without having reserved and emergency, sometimes investing %80 of your fund in bitcoin without considering the level of your discretionary and emergency fund can as well be seen as agresive or over doing. like as I explained above if you received $1300 and you invest $200 each every week, making a total of $800 per month left with $500, that is a bad agresive Investment and surely the person is over doing it. because your bitcoin Investment should be don in a manner that you will not over do it. It will definitely affect you or Put you in a tight corner. If you Invest $800 on bitcoin how much will you use for feeding and running family expenses? Or how much will you set aside for emergency and reserved? Surely if you over invest in Bitcoin, the $500 available amount you will not be enough for  emergency and reserved. Definitely it will affect your bitcoin HODLing. Though it depends on you and how you can be able to manage your family. If its you alone you can cope but if it's a large family I doubt if you can manage. The point of the matter is that don't over invest what you can not afford to lose that will make you to sell you bitcoin HODLing down the road because of not having a discretionary fund to back you up.
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You can invest aggressively when you have the funds to do that, the most important thing is that you don't over do it, if not it will affect you, and you will end up selling some part of your bitcoin to conver up some emergencies that will arise. Your emergency funds is good to be in a good position size because that is what will determine how aggressive you will be in buying regularly weekly or monthly.

Indeed, things like that do not need to be debated because after all as long as they are in bitcoin then of course it is a good thing but on the other hand the point of discussions like this is to look for several other options that can be done because in this case sometimes what we think is right can be a wrong thing and a little off the mark and with discussions like this of course we will find a new thing where when we are wrong then there will certainly be someone who reminds us because "above the sky there is a sky" so that when we already know and think what we are doing right there could be some things that must be corrected to make us With a discussion like this, of course, we will find a new thing where when we are wrong then surely there will be someone to remind us because "above the sky there is a sky" so that when we already know and think what we are doing is right there could be some things that must be improved to make us even better in bitcoin adoption, especially with some of the purchase schemes that are always discussed here.

But that does not mean it should be used as a debate because with differences in terms of opinion, we can indeed know which one is lacking from ourselves or we can also tell others who are a little wrong to do things that can benefit more in the end.

Before you are called a HODLer, it is assumed that you are already a rist taker who eventually keep investing and HODLing for a long term without thinking of either bearish and bull market. So Increasing your level of weekly investment by $200 surely depends on your level income or salary and there is no doubt about it because if you don't have enough income generation you wouldn't increase the level of you btc portfolio or increase the level of your discretionary. Though most people may have enough amount to invest more but chose to invest little as to avoid risk, but i doubt if those are truely HODLers ofcus such people are traders who looks for opportunities to buy at slight dip and sell the rips.

Agresive Investment is not only putting all your fund in bitcoin without having reserved and emergency, sometimes investing %80 of your fund in bitcoin without considering the level of your discretionary and emergency fund can as well be seen as agresive or over doing. like as I explained above if you received $1300 and you invest $200 each every week, making a total of $800 per month left with $500, that is a bad agresive Investment and surely the person is over doing it. because your bitcoin Investment should be don in a manner that you will not over do it. It will definitely affect you or Put you in a tight corner. If you Invest $800 on bitcoin how much will you use for feeding and running family expenses? Or how much will you set aside for emergency and reserved? Surely if you over invest in Bitcoin, the $500 available amount you will not be enough for  emergency and reserved. Definitely it will affect your bitcoin HODLing. Though it depends on you and how you can be able to manage your family. If its you alone you can cope but if it's a large family I doubt if you can manage. The point of the matter is that don't over invest what you can not afford to lose that will make you to sell you bitcoin HODLing down the road because of not having a discretionary fund to back you up.

Increasing the amount of our dca and buying the dip, both solely depends on how much of discretional and disposable income and investor have after taken care of his personal needs and provisional emergency funds, the major function of the emergency funds is to take care of unplanned expenses it serves as a safety net for unforseen circumstances while the reserve funds takes care of both plan and unplanned expenses, where an emergency funds is well intact and good enough, a reserve funds can as well be used to increase our dca and also buy the dip depending on how much of the available discretional and disposable income just to ensure that he is comfortablely accumulating his Bitcoin and at the same time taken good care of his personal needs.