Topic: Buy the DIP, and HODL! - page 142. (Read 122145 times)

I don't understand were you are pointing at; I grab the point of the market in sideways and not good for investing now because of uncertainties.... I disagree the market has always been an uncertain market of which we all invest, accumulate in a probability game.
You talking about DCAing to accumulate and the market not good for investing now, Is there any difference between both? Because I know accumulating, DCAing is investing approach done by Retailers, small investor like me and you aside Big firms...Is not same money that is used?

As I would always say "waiting solves nothing or shades neither avert any uncertainty in the market". What will be will be, there is no right time for investing in Bitcoin, and investor simply needs to take a calculated risk and beware that anything can happen because it might Dip more or Pump same time of which no-one knows in essence all ends in probability and not waiting because of sideways movement, whatever.

Actually I don't know your own definition of dip but for me I don't think the Bitcoin price is dipping but instead I believe is only going through some consolidation process which is normal on every market, I know that the price of Bitcoin has been on this way for some time now but still I don't consider it to be dip, however sometimes I feel somehow whenever people have the mindset that buying the dip will give them good profit because it actually sounds like the person interest is on trading, though I'm not disputing the fact that there could be some certain advantages buying the dip but it shouldn't be obvious that the main reason for it is because of profit because  what you must know is that with or without buying any dip you will still be profitable in the future if you are consistent on investing on Bitcoin and not relying on dip for profits.

Now is not the right time to invest your money in Bitcoin, because currently the market is in a sideway position and most investors are just waiting. It's better to hold and see how the market develops because currently there is a lot of market uncertainty and at any time the market can drop. But if it's just DCA, that's not a problem, you can accumulate it from now on and hold it for the next few months.

For people thinking to start with their hodl journey then anytime is best to accumulate, but for people doubting then say that they wait for the dump then the time they are waiting for has arrive. If they still doubt to accumulate because they got afraid in ongoing situation then I guess nothing will happen to them and for sure that in future they regret their decision again for skipping the perfect chance to accumulate when the time they are waiting for occur.

Crypto winter is not yet confirm as we see bitcoin still surviving and stays at $65k and people should not afraid on that situation since we are aiming for long term and not those short term happenings. But if that time would really came then its time for us to accumulate some discounted coins while that situation happen.

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.

This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.

Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.

In fact depending on your path to Bitcoin investment, the more Bitcoins you accumulate the better your future will serve. But the most important thing in Bitcoin investment is depositing Bitcoin repeatedly in DCA method.  Whenever you deposit bitcoins with DCA method you will start getting success instantly. This is the maximum effort if you can buy the dip in Bitcoin buying, of course you are most likely to buy the dip by means of the DCA method.


But it is most important to plan your investment for the future. But most of all you need planning to save the investment. Because if planned properly the investment will continue to progress into the future, but I like the DCA method the most when buying bitcoins on a weekly basis. Because whenever you can buy bitcoins weekly you can instantly buy bitcoins in the deep market frequently.

Yes all what your saying is correct about human nature , I don't argue about natural feeling when ever investment is going down because expectations of every investor is that their  investment should be going higher but this can only affects those that never know the market and how Bitcoin investment work from the beginning or those I called spy investor in my way of defining the category of investor their Target is always to quickly take profit as in form of trading, but those who have future focus on the investment don't look at the swing of the market or investment but focus  most on long term results and this kind of investor don't panic in any condition the Bitcoin is going through because they know it's just a temporary thing but those I called spy investor always panic because their investment is short term without a base of future focus. There is no doubt that those that complain most when little shift occur in Bitcoin is moreless short or trader in the system a real Bitcoin investor with long holding and accumulating hardly complain much or even have a rethink because he knows that such swing will always happens as normal thing and it has nothing to change in the investment as much as long term is concerned.

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.

I have tried reading down your write up it still got me confused maybe you wanted to quote some one else which I don't know. But talking about buying Bitcoin at favourable and unfotable price which I believe you wanted to say unfavorable that it is not professional if I get you right I believe that is what you mean, but I want to tell you that with your DCA strategy you can buy Bitcoin at different price level without checking if the price is favorable or not which shouldn't be your concern, as long as your discretionary income is intact you can accumulate more Bitcoin at different price level either weekly or monthly with your DCA strategy and hodl for a longer period of time 4-10 years as the case may be.

I think the essence for DCA investing bitcoin is for one to be a able to afford a fixed amount to invest in bitcoin but when one is investing with the fund that can't be afford to lose that means the person is going contrary which can end up as a bad investment because of the volatility of the market. The DCA method has made investment to be very easy for everyone and for people to invest without fear of losing and for one to be able to have a reserved fund that can be use for emergency .

It is out of greed people invest with the money they can't afford to lose because they want to make quick money and huge profit, people make this mistake because of lack of understanding.  Someone who truly understands bitcoin and the market will never use all the money they have to invest bitcoin because it is a wrong investment plan that will result to nothing.

That  is the importance of a DCA strategy,  whether the conditions of the market are favourable or unfavourable  DCA  helps you to keep accumulating  bitcoin regardless of market performance. DCA helps investors stay focused in their long-term goals acumulating asset (bitcoin) consistently and efficiently despite market conditions.
This question where also asked from the inception of bitcoin 10-12 years ago, there where many who doubted the potential of Bitcoin just as you're asking, and they failed to capitalise on the  opportunities bitcoin presented at that time, so many have testified of their regret. When we look at the pace at which bitcoin grew over the period , commanding good amount and competing with so many other assets (e.g real estate, land, gold and silver ....etc) that where in existence many years ago before its birth  it shows that bitcoin  has the potential and grow for many years to come. It's essential we keep an open mind in bitcoin while accumulating to build a good portfolio rather than ask questions that can bring uncertainties to bitcoin investment.

what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market. that's why the key to DCA investment is how someone can be consistent and invest some of their money that they are ready to invest and let it grow in their wallet.

One relatable human behaviour is about always wanting more, in every aspect of our lives, most especially when it comes to the point of financial achievement, it is noticed that no matter the money already made, we still strive to make more, same goes to Bitcoin. First, it is a matter of ones decision, let the mind be willing then it becomes a habit of consistently wanting to go beyond our estimate or target budget. Since it is something done with an open mind, then many investors will not see it as a big deal to generate another budget after completing one already.

I agree with you on stance that Bitcoin Accumulation and how far one goes is personal targets and subject to individuality. 
I disagree that Country of residence will in anyway affect a decision that an investor already have made concerning Bitcoin Accumulation relating it to amount present ($$). There are still youth in the aforementioned countries that live and can comfortably invest $1000. I doubt that it would hinder them rather you can context it in terms of probably Job opportunities that pay such sum, skill set and means not the country of Residence. There are still others in UK or the so called developed countries that cannot afford such amount,... Having talked about Individuality it would be necessary to relate it that way because of really any investor wanna scale up he will do anything within his power to keep up and not being limited because of country blah blah.

If it is based on present market condition, you are very correct because $10 DCA will rarely yield anything significant but that does not mean that a low income earner cannot take that path rather than doing nothing or waiting to have big amount of money before investing in Bitcoin. As long as $10 investment can be made regularly without any challenge that might force the investor to sell his coins, I think it is a good choice for a start while the investor work more on scaling this by seeking additional sources of income.

This still bring us back to what you said which is individual targets and personal ambition. Age is a factor like you said and I also think that country of residence is an important factor. Someone living in the UK might have different Bitcoin target from someone living in Bangladesh or a country like Niger Republic the reason being that $10 might mean something very big for someone living in Niger Republic or Bangladesh whereas the same amount can barely afford a breakfast for someone in the UK and also less than the average pay per hour some someone in the same country. In other words, the ease of making $1,000 dollar in the UK is far less than that in a country like Nigeria where $1,000 is like dream amount of an average young person. Under this condition, someone in the UK might set a target of accumulating 1BTC in two years whereas someone in Nigeria might work for the rest of his life without being able to save 1BTC. So setting Bitcoin goals for both scenarios will be totally different.

There is definitely a point of satisfaction in whatever we are doing in life and bitcoin investment is not exceptional. There is a point you will get to in the course of your investment and you will feel that wow, I have accumulated this amount of bitcoin, I think I'm satisfied with what I have so far. At this point that's when you think of diversification. I think that's what @Zack5000 meant when he used the word satisfied. If you have gotten to this level, you can channel the extra money that's coming your way into construction, Transportation or any other business you deem fit.
Not that you are satisfied with making money rather you want to get into other forms of investments. Let take Elon musk as an example, he invested in bitcoin, Tesla, X (Formerly known as Twitter) internet service (Star link) he has positioned himself very well and profits are coming from different angles.

Judging by what you are saying that one shouldn't be satisfied with bitcoin investment, Elon musk should have sold off his other assets and only focus in bitcoin investment. So it's not wrong for someone to say he/she has gotten to a point where they feels satisfied with their bitcoin portfolio and seek other avenues to diversify their investments. Even in economics portfolio diversification is very important, so don't be confused when you hear people say they are satisfied with their bitcoin portfolio. It doesn't mean they are tired of making money.

You provably not feel that especially if you planned already that some parts of your earnings will go to bitcoin investment. Also I cannot call it a temporary lose since your money is just their setting down on your wallet. So for not having any doubts much better to check your decisions first if you are really ready to invest on bitcoin for long term so that there will be no other distraction and you can focus your accumulation. You cannot do the DCA well if you are been bothered or not been satisfied so we need to focus on our investment and think more positive outcome from it. Also don't invest your hard earned money especially if you can't afford to lose it just use the extra one so to avoid getting much affected on the market movement since we know market is so volatile that's why we need to prepare our emotions for this scene.

This depends on individuals otherwise whatever amount we had accumulated might not serve us in our life-time therefore we can be touched to accumulate more, although we might stop at some point because comparing to the previous year when buying bitcoin at cheaper rate and with the current rate that investor might feels pleased to keep accumulating anymore.
I think you are correct because the price differences could discourage him to stop accumulation instead focused on his holding and and job, sometimes he might decides to run a physical business where he wouldn't touched his investment rather focused on running business.