I will start investing according to everyone's idea and make my investment long term.
edited
Topic: Buy the DIP, and HODL! - page 148. (Read 109337 times)
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.
We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;
1.)It doesn't require much knowledge to start
2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.
We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.
This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.
I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
All he needs is to know how much his discretionary income will be in order for him to use that amount to invest in bitcoin using DCA to buy regularly and persistently weekly or monthly, sothat he can hodli and build his bitcoin stash overtime. If he has his emergency funds and reserve funds in place, then he is good to go.
I will start investing according to everyone's idea and make my investment long term.
Dont invest based on someone's advice invest when you have a goal in mind and find a suitable strategy that would help you achieve that goal. The mistakes newbies do when investing is because they listen to others opinions and suggestions that does not suits their financial level or investment target thereby they end up encountering issues along the way and some quickly sell of their investment since they cant cope or continue again. This thread contains so much information's and discussion on investment but ins as much as you give ears to these ideas and opinions always make your own conclusion and convictions before jumping into your investment. Goodluck on the ride!I doubt that we should be measuring our BTC investment in short time frames, and surely if we measure in 4 year or longer time frames, then we likely are going to be doing quite well, even right now.
Let me take a couple of shorter time frames and let's see where we might be, even if we started investing $100 per week in BTC at various high price points in 2021.
Example 1: Started buying $100 per week at the beginning of the year right before the first 2021 price peak. We would have had invested $17,500, and we would have about 0.5386 BTC (currently worth about $33,833) (so nearly 100% in profits... or nearly doubled in value.
Example 2: Starting in October 2021 - right before the second peak in the BTC price. The guy buying $100 per week would have had invested $13,600, and we would have about 0.4489 BTC (currently worth about $28,218) (so a little more than 100% in profits... or more than doubled in value.
Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..
Let's try another example (Example 3) of a person who has been buying $100 per week for the last 4 years, so that would take us back to May 2020... He would have had invested $20,900 and accumulated 0.8405 BTC (currently worth about $52,909) (so about 150% in profits...
Let's try another example (Example 4) of a person who has been buying $100 per week the last 7 years, so that would take us back to May 2017.. back before the 2017 run up... He would have had invested $36,600 and accumulated 3.689 BTC (currently worth about $232,300) (so about 535% in profits...
So there is a kind of tendency that the longer that you invest, then the more likely you are going have created more options for yourself, as long as you mostly accumulate and protect your stash from getting taken from you... maybe privately storing it.
We can likely see it in our BTC portfolio with the passage of time, so no one would have to tell us; however, surely in the first 4 years or so, it might not be so clear regarding the amount of profits, so sometimes it can take a while to see that the bitcoin investment had given more options by investing into it as compared to not having had invested into it (or perhaps choosing to invest your money in other places).
I haven’t had the opportunity to hold Bitcoin for a year since I only just joined started building my portfolio this year but, am not looking to hold for a short time, nope, not by any chance.Let me take a couple of shorter time frames and let's see where we might be, even if we started investing $100 per week in BTC at various high price points in 2021.
Example 1: Started buying $100 per week at the beginning of the year right before the first 2021 price peak. We would have had invested $17,500, and we would have about 0.5386 BTC (currently worth about $33,833) (so nearly 100% in profits... or nearly doubled in value.
Example 2: Starting in October 2021 - right before the second peak in the BTC price. The guy buying $100 per week would have had invested $13,600, and we would have about 0.4489 BTC (currently worth about $28,218) (so a little more than 100% in profits... or more than doubled in value.
Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..
Let's try another example (Example 3) of a person who has been buying $100 per week for the last 4 years, so that would take us back to May 2020... He would have had invested $20,900 and accumulated 0.8405 BTC (currently worth about $52,909) (so about 150% in profits...
Let's try another example (Example 4) of a person who has been buying $100 per week the last 7 years, so that would take us back to May 2017.. back before the 2017 run up... He would have had invested $36,600 and accumulated 3.689 BTC (currently worth about $232,300) (so about 535% in profits...
So there is a kind of tendency that the longer that you invest, then the more likely you are going have created more options for yourself, as long as you mostly accumulate and protect your stash from getting taken from you... maybe privately storing it.
We can likely see it in our BTC portfolio with the passage of time, so no one would have to tell us; however, surely in the first 4 years or so, it might not be so clear regarding the amount of profits, so sometimes it can take a while to see that the bitcoin investment had given more options by investing into it as compared to not having had invested into it (or perhaps choosing to invest your money in other places).
Available testimonials on various levels (both the negative and positive) have proven that, Bitcoin shouldn’t even have a timing to it and I’ll tell you why am saying that.
Those who bought Bitcoin back then in 2010 through 2014 and later got to sell it. Even though they might have sold on profit and have reasons to be happy about the price they sold, some of those guys still gets to look at the price on the chart today and wish they had held on. It even gets worst for those who used it to pay for some product or service and later come to realize just how many of those product the said amount could buy in recent times.
Hence, having to sell in today would still have that same effect as per those who sold in the time past when the future year becomes a prevailing reality.
One thing is for sure though, situations do push people to doing that which they would have hoped to avoid but, never sell because you feel you’ve hold enough and should be taking profit. Also, accumulations shouldn’t stop, i think it should be a save guarding your future approach towards it and you don’t do that at once, you continue to buy through your existence. Let your buying enrich your portfolio and let the market price appreciate your efforts in Bitcoin price.
I will start investing according to everyone's idea and make my investment long term.
Dont invest based on someone's advice invest when you have a goal in mind and find a suitable strategy that would help you achieve that goal. The mistakes newbies do when investing is because they listen to others opinions and suggestions that does not suits their financial level or investment target thereby they end up encountering issues along the way and some quickly sell of their investment since they cant cope or continue again. This thread contains so much information's and discussion on investment but ins as much as you give ears to these ideas and opinions always make your own conclusion and convictions before jumping into your investment. Goodluck on the ride!
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.
Allot of discussion here if one pay attention don't need any new topic again relating to how to invest when Dip and hold for Long term, many analysis and benefits of buying in dip and hold for long term is already in the topic all you need is to read .
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
First of all I want to make sure that you don't invest as everyone else thinks because why invest according to other people's idea when you have to take the entire financial risk in investing. All you can do is try to learn from what other members have discussed about investing or what other members have advised you about investing. Through others you can learn about investment or get education about investment but you have to have your own strategy in investment and you have to make your own merits from your own strategy and then invest.
I am an investor and I invest in my own strategy, if you want to invest in my strategy, you may not succeed in investing in my strategy. Everyone has their own strategy and everyone should invest in their own strategy. If you follow others directly in investing, you may not understand whether you are investing in the right way or you are investing in the wrong way. When it comes to investing, I would suggest you to keep learning about investments along with planning investments and keep trying to learn about investments. When you have enough understanding about investing then you can apply investing practically.
Investing means just buying a coin and holding it, but not like that, investment requires proper planning. Like in which coin you will invest, for how long you will invest and how long you will hold your investment after investing but all this should be planned before investing. If you can invest with a proper plan and invest in the right coin in the right way and if you are patient enough to hold your investment for a long time then surely you will be successful in investing. But before these you need to know about investment, understand the application of investment and accept the risk.
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.
We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;
1.)It doesn't require much knowledge to start
2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.
We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.
This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.
I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.
We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;
1.)It doesn't require much knowledge to start
2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.
We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.
This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.
I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
@As -Soon-As, I could say that it is a wrong choice of words or intention to approach investment in terms other options, you don't just follow the crowd or Make investment in terms of what people seems to talking about or doing, it cuts across having your own personal conviction which will allow you make that informed decisions according to your personal situation, every investor must tailor down his or her investment plan to suits him or her not because it seems to be a general opinion , you must understand your psychology, your financial situation, investment goals and objectives that will be personal to you not based on people opinion.
I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
It's not really about getting of proof of someone who is using the DCA but the question is are you accumulating? Seeing other people's proofs without making a step to have your own portfolio is a total waste of energy and time. It has oftenly been discussed about the need to DCA as a beginner and someone who gets your income at regular intervals so you can accumulate at every time your income comes into your DCA and by so doing you will get a whole lot of stashes in your portfolio. Why making Bitcoin investment also consider applying the best investment practices to acquaint you with the proper knowledge needed to guide you all through your investment processes.
The image shows how difficult it is to make a bold step because of too many obstacles that will arise but at last you will reach the peak of your investment because Patience and perseverance is the step to owning a mouthwatering portfolio.
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.
We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;
1.)It doesn't require much knowledge to start
2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.
We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.
This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.
I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.
Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!
I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term. Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.
We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;
1.)It doesn't require much knowledge to start
2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.
We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.
This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.
My fellow plebs, another indicator that might help give you more confidence in buying the DIP is the Bid/Ask Ratio. I personally haven't seen what the ratio currently is right now, but with the post-halving + post-ETF approval market conditions, the ratio would probably more positive than negative during this DIP. 
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
I think this will make some newbies to mess up their bitcoin accumulation plan because they might use the money they kept for their emergencies to buy the dip in other to accumulate more bitcoin at a low price and if there is any emergency they will not have money left to solve their emergency. Even though bitcoin is in a dip, newbies should stick with accumulating bitcoin with the DCA strategy so that they can accumulate bitcoin without trying to buy aggressively, which they didn't plan for. The DCA strategy is also good for accumulating bitcoin because it will also help newbies accumulate bitcoin when bitcoin is in a dip, and they will not be concerned about buying the bitcoin dip. With the DCA strategy newbies will not want to time the market in other to buy bitcoin at a dip, they can accumulate bitcoin even when it is increasing and decreasing and it also controls their emotions.OK, the DIP is coming and it's NOW the time for YOU to PAY ATTENTION. For those who employ a DCA strategy, it's probably a good decision to start making your purchases bigger. For those who employ a Buy the DIP strategy, start placing your bids NOW. Currently, the 200-Weekly Simple Moving Average is at $34,200. Will it touch that line again? Probably not, but near that line has always been a good buying opportunity.
¯\_(ツ)_/¯
¯\_(ツ)_/¯
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
If they don't have community like this to discuss any bitcoin investment discussion then provably they would messes everything they do on their investment. That's why research is important and for sure if they are resourceful to find reliable information they will be redirected here. So glad we can see a lot of people talking about their methods used and experience also have veterans sharing their insights to help people understand what's really best thing to do since they can learn a lot which can help them to became successful on their long term bitcoin investment.
The DCA strategy is really a good option to use and it need to execute well that's the reason its important for newbies to know more about it so they could able to do this strategy well without getting bothered by anything since for sure a long way on their accumulation their are fuds will destroy their focus that's why they need to get equipped with knowledge so everything is good to them and they can earn harvest the best result and experience on this journey.
My fellow plebs, another indicator that might help give you more confidence in buying the DIP is the Bid/Ask Ratio. I personally haven't seen what the ratio currently is right now, but with the post-halving + post-ETF approval market conditions, the ratio would probably more positive than negative during this DIP.
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
I think this will make some newbies to mess up their bitcoin accumulation plan because they might use the money they kept for their emergencies to buy the dip in other to accumulate more bitcoin at a low price and if there is any emergency they will not have money left to solve their emergency. Even though bitcoin is in a dip, newbies should stick with accumulating bitcoin with the DCA strategy so that they can accumulate bitcoin without trying to buy aggressively, which they didn't plan for. The DCA strategy is also good for accumulating bitcoin because it will also help newbies accumulate bitcoin when bitcoin is in a dip, and they will not be concerned about buying the bitcoin dip. With the DCA strategy newbies will not want to time the market in other to buy bitcoin at a dip, they can accumulate bitcoin even when it is increasing and decreasing and it also controls their emotions. OK, the DIP is coming and it's NOW the time for YOU to PAY ATTENTION. For those who employ a DCA strategy, it's probably a good decision to start making your purchases bigger. For those who employ a Buy the DIP strategy, start placing your bids NOW. Currently, the 200-Weekly Simple Moving Average is at $34,200. Will it touch that line again? Probably not, but near that line has always been a good buying opportunity.
¯\_(ツ)_/¯
¯\_(ツ)_/¯
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
At the end of the year we may not be satisfied with our holdings as the DCA strategy implies consistent short buying. In this case, you can buy a bit more than the series when you realize that its price has entered a bear cycle if you have a floating cash supply. Recommend you to do more research on these marketing strategies. Again after some time when the market rises in the bull cycle, continue with regular DCA and you can get the benefit of over-accumulation in earlier DIP and the average price will fall.
If the goal is still the same as the target of buying on Dip and holding for the long term, I don't think anyone needs to spend any more time doing research related to marketing. Because the only weakness when we see the Dip price is when we don't have much money to buy, even though our desire to buy is very big when we see the price has started to Dip.
And now the price of Bitcoin has recovered and is heading towards $65K so that people who did not hesitate to buy Bitcoin when it was below $60K have once again experienced victory due to the surge in Bitcoin prices which started to occur again at the beginning of this month. This can be a valuable example for everyone that price corrections only occur briefly, but the next price increase in Bitcoin is always more likely to occur in the near future.
The facts remain that any investor with the objective of long time holding don't panic when there is a dip just as it occurred in few days ago but see it as great opportunity to accumulates as much as he/she can because after bull run may find it difficult to accumulate as per what the dip can offer.
One investor after see the drop was so worried as how the market is going down that his emotion can't hold , because of our individual difference I see that what make most person not to practice long term holding is not just because of emergency fund but emotion when ever the market is experiencing a dip many feel they can run into loss as the BTC is volatile and rush to sell off their BTC , my advice is we should build up our emotion though is not possible to take away emotional feeling on investment but one can control it by believing on what you are into and stand to the end.
Honestly, investment shouldn't be done attaching emotions to it especially when it is a long term, yeah it is expected that you build your psychology sufficiently/adequately enough in order to make an informed decisions. However, I believe Bitcoin has the potential of appreciating it's value over time surely, the price may fluctuate an uncertain but it has still shown that it has the ability to recover with it's potential of appreciating and growing it's value over time. Generally, the market can be very uncertain but yet we might need to consider what we believe to have possibilities as that is what Will give us the mindset to focus more on what can be achieved rather than thinking about limitations.
Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..
Checking From your analysis, I see a slight difference in price from the first and second. The first person who did his DCA at the beginning or early 2021 peak and late october 2021 peak, there is a slight different. Showing that time intervals of investment really matters to every investor. If the investor who invested at the late october peak 2021 baught when the first person baugh he could also have made him self alot of profit but now you can see there different clearly $17500 and $13600.
The first guy has 0.5386 BTC and the second guy has 0.4489 BTC. and sometimes we still cannot change the facts and/or the prices in which we end up accumulating BTC, and there may well be cases in which we acquire a bunch of BTC, and then the price goes down, and then we see some later entrants who are able to buy more BTC than we have for lower prices.. so yeah, we cannot necessarily avoid some of those kinds of situations, and we just need to do our best in terms of building our own stack so we feel as if we are prepared the potential of UP and also for down too.definitely, but It depends on when you bought your coin. like those who baught btc at the rate of $100 each, will never face the challenge of buying at higher price and it dips and another person bought cheaper than the first person. I think people who actually accumulated alot that never regret the ups and downs market fluctuations are those early adopters who accumulated less than $100. because even if btc surly reaches $75k and dip down to $20k, they are still at advantage. so I presume early adopters should be classified as those who bought below $100.
That's the main thing I want to know that what to do in the period when spot price goes below 200-WMA. It's good time to accumulate Bitcoins rather to sell. If you see past price of Bitcoins then in the long run spot price always recovers no matter how much down it goes.
You still have to attempt to budget, since there is no guarantee that the BTC price is going to end up coming back.
This is something one has to believe that Bitcoin price will recover no matter how much it goes down. Recently when Bitcoin price drops below 20k there were speculations that Bitcoin will go below 10k. But those who have believe in Bitcoin were saying it's the last time we are seeing Bitcoin below 20k. So it depends what you feel about Bitcoin. I have a strong feeling that Bitcoin price will go above with time. Though it may drop to some unexpected low's.
Sure, the odds might be low that the BTC price might not ever recover, but the odds are not zero, so you have to temper your own investment into bitcoin and to balance your cashflow, and if you were already convinced about bitcoin, you might not have any extra money when the BTC price ended up dipping below the 200-WMA because you had already been investing aggressive and/or overly aggressive prior to the BTC price even dropping below the 200-WMA, so part of the reason that it is difficult to know is partly based on your own situation, and if you had been accumulating all along then why would you have extra dollars merely because the BTC price happens to be down.
Having said that I am fully convinced about Bitcoin, I don't have huge money to go for lump sum investment rather I will go for DCA and if I see price of Bitcoin going down 200-WMA then I will take that opportunity to go aggressive. It's a kind of ideal situation that price of Bitcoin is down below 200-WMA and you have cash to buy bitcoin
So based on past price of Bitcoin we must not get worry even if price of Bitcoin is going below 200-WMA.
You should be able to have some confidence, but it still remains up to you regarding how much conviction that you have and no one is going to save you if you end up estimating wrong in terms of how you choose to balance your own cashflows. You are also going to be the one who is going to have to suffer if you make the wrong balancing choices.
It's my money so I am the one who will enjoy the profit or bear loss. I am convinced that my money is going in right direction.
There are many folks around who are investing in ETFs but I am one of few who is least interested in this ETF stuff.
There are some folks, institutions and/or governments who would have never been ready, wiling and/or able to invest into bitcoin directly, so the ETF provides an onramp to bitcoin that had not previously been available to certain kinds of investors to get exposure to bitcoin.
I guess part of the point (and we don't really seem to disagree) is that the more organized you are and the more experienced you are with the balancing of your finances and psychology, then the more aggressive that you can afford to be in terms of your bitcoin accumulation, and sure some kinds of behaviors might border upon being overly aggressive, but at the same time, if we are trying to be realistic, there may be some ways that BTC buys are preset or they might be manually made, so that if paychecks are coming in each two weeks or some thing like that, then there can be ways to balance out if too much aggressiveness might have happened the previous pay period and yeah, there is a balance in regards to being either whimpy or aggressive, sometimes you might not realize that you had gone too far in one direction or another until later down the road and/or it is too late and maybe either you see that you BTC could have performed better if you had not been so whimpy or that you run out of money and you are forced to sell some bitcoin at a time that is not of your own choosing because you ended up investing into bitcoin too aggressively.
I think one of the reasons why people usually fail to strike a balance between whimpy and aggressive Bitcoin accumulation is often lack of experience and organization.Because this two are key factors when drawing the line of Accumulating Bitcoin, the more one understands his financial status and the risk involved it will help determine how aggressive one should be in Bitcoin Accumulation.
Experience from previous investment will help one understand the risk and the benefits in investment and that will be a guild when venturing into a new investment.
There are potential risks associated with Bitcoin investment, such as high volatility and risk of losing money.
If someone fails to notice all this risks but always putting focus on the benefits of Accumulating Bitcoin it will lead to investing over aggressively.
Is very nice and good to be optimistic about bitcoin potential for profitability but if not controlled can lead to being too aggressive so is very important to balance the aggressiveness in order to make good investment.
About automating investment I think it will be helpful when trying to maintain a consistent bitcoin accumulation strategy and also help in preventing one from making mistakes that we jeopardize his investment.
Jump to: