Buy the DIP, and HODL! - page 150. | Bitcointalksearch.org

Bravut

member

Activity: 224

Merit: 42

Quote from: Popkon6 on June 12, 2024, 10:30:54 AM

Quote from: Lidger on June 12, 2024, 06:07:22 AM

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.

Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

Usually the DCA method will be based on your income, because if you invest regularly. Then you can invest weekly or monthly. Estimated average monthly expenses in your household are $100, and $170 if you are salaried. Then you can invest part of your expenses here and meet the basic needs, with the rest of the money you can invest.
In this case, it is most important that you use an emergency fund, because people can get sick at any time. That is why you must use emergency fund so that your investment does not get lost.

Emergency funds cannot be used in all situations, as the name applies it is used during severe and emergency situations, our emergency funds is not taking the duty of reserve funds. Emergency funds only help the investor avoid real life uncertainties like; Job loss, Death of family member,etc and enable continual accumulation.
Emergency, Discretionary funds are needed by investor as he invests in Bitcoin, DCAing or lump sum is choice of which the investor chooses from the one he can keep up with and be consistent.

Popkon6

sr. member

Activity: 784

Merit: 372

Quote from: Lidger on June 12, 2024, 06:07:22 AM

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.

Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

Usually the DCA method will be based on your income, because if you invest regularly. Then you can invest weekly or monthly. Estimated average monthly expenses in your household are $100, and $170 if you are salaried. Then you can invest part of your expenses here and meet the basic needs, with the rest of the money you can invest.
In this case, it is most important that you use an emergency fund, because people can get sick at any time. That is why you must use emergency fund so that your investment does not get lost.

Quote from: Wind_FURY on June 12, 2024, 09:31:22 AM

Congratulations to the DIP buyers who bought more units in Bitcoin yesterday, and to the investors who like to do DCA. Yesterday was a good day for buying if it was in your purchase schedule. Cool

Those who did the dip yesterday will certainly have the most success, but the most important thing is whether the DCA list was yesterday. The person who put it on the list has certainly succeeded, but the Bitcoin market is more than likely going to start a bull run in a few days. This year is almost over as the peak bull run in 2025 is waiting for the market to begin.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Congratulations to the DIP buyers who bought more units in Bitcoin yesterday, and to the investors who like to do DCA. Yesterday was a good day for buying if it was in your purchase schedule. Cool

Currently it's FOMO! Bitcoin will probably surge to a new ATH within the next two weeks, especially if CPI print is lower and Powell is dovish.

Mayor of ogba

sr. member

Activity: 476

Merit: 316

Get $2100 deposit bonuses & 60 FS

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

Quote from: Lidger on June 11, 2024, 11:29:59 AM

Quote from: boty on June 11, 2024, 12:07:25 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

That is why everyone is advised to always carry out their research to find out things that would help them in life, and if not for this thread, you wouldn't have known that bitcoin is good for long-term holding. It is always important for any new investor in bitcoin to know that bitcoin is not a short-term investment so that the investor will know the money he or she will use to start his or her bitcoin investment. Only those investors who are into bitcoin investments for short-term profit will sell their bitcoin investments when they see a small profit. No investor who is into bitcoin investment for the long term will want to sell his bitcoin investment for short-term profit because he or she knows it is only through holding that you can achieve huge profits from bitcoin investment. The only thing that can make an investor who is into bitcoin investment for the long term sell his bitcoin investment is when he uses his whole money to invest in bitcoin.

Lidger

full member

Activity: 266

Merit: 181

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.

Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Samlucky O on June 12, 2024, 05:15:16 AM

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,

The actual mindset of any investor is either to invest for a short or a long term profit. I don't see any problem if everyone who start investment is thinking of long term HODLing. Though longer term investment may not guarantee a greater return but the is a higher possibility due to volatility of bitcoin, that is why people emphasis more on a long term duration.

But its undeniable that there's a lot of newbies fall on the idea that short term is better since they want a fast cash from their investment on bitcoin. They usually failed to realize that its risky to participate on any short term activities with bitcoin knowing that the market is volatile and they might not predict what will happen next then it might cost some amount for them and that is bad experience to learn from. So they must correct their approach towards dealing on their investment on bitcoin and learn about for long term since this is really the most ideal option people will take since we know how bitcoin work so far and it never fail its investor.

If they want to learn strategy to use then they can do a research about DCA since for sure there would be a lot of results will show since this is effective and most used method by most of long term investors.

Quote from: Samlucky O on June 12, 2024, 05:15:16 AM

Those newbies are those who doesn't know about bitcoin properly. They dive into investment with the motive of making money overnight with bitcoin and later got disappointed due to the mute or slow growth of bitcoin and switch to shitcoin

Even though those cases happen for sure that people who look after on shitcoin after they encounter they lose from their short term investment won bitcoin would realize that they are participating again on more riskier options then for sure sooner or later they would realize that bitcoin is really the best asset to have especially if they decide to have it for long term purposes.

Samlucky O

sr. member

Activity: 462

Merit: 355

The great city of God 🔥

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,

The actual mindset of any investor is either to invest for a short or a long term profit. I don't see any problem if everyone who start investment is thinking of long term HODLing. Though longer term investment may not guarantee a greater return but the is a higher possibility due to volatility of bitcoin, that is why people emphasis more on a long term duration.

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible,

Those newbies are those who doesn't know about bitcoin properly. They dive into investment with the motive of making money overnight with bitcoin and later got disappointed due to the mute or slow growth of bitcoin and switch to shitcoin

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

Investing or HODling for long term is never a trading or gambling strategy, it's only a person that is not granded or well knowledgeable about bitcoin and investment that will call an investor a trader.

Roseline492

sr. member

Activity: 476

Merit: 276

Quote from: Uhwuchukwu53 on June 11, 2024, 12:58:38 PM

Quote from: Lidger on June 11, 2024, 11:29:59 AM

Quote from: boty on June 11, 2024, 12:07:25 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,

On the contrary @Lidger is very correct because is very important for people coming into Bitcoin to have the mindset of holding because there main goal of coming into Bitcoin investment is to have a good return so the only way that would be achieved is only but holding, however the word Holding is very essential in anything that has to do with investment, just like a proverb that says that a patient dog eat the farthest bone, which in other words means that patience is the key because that is what guarantees your success on your Bitcoin investment, so don't just hold because you saw people doing it, hold because you love it and believe that in the future your investment will speak volume.

Btcdeybodi

member

Activity: 75

Merit: 16

Quote from: JayJuanGee on June 11, 2024, 04:18:56 PM

Quote from: Ruttoshi on June 11, 2024, 01:19:12 PM

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.

The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips. If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.

Your explanation is comprehensive jayjuangee, and for me I use disposable income to buy on a dip like let me take an example if am using the DCA to buy every week and a dip comes and my discretionary income is like x3 of my DCA what i do is to buy at the dip then i will pause my DCA till i replace the discretionary amount i used in buying at a dip afterwhich i continue to DCA.

Continuous use of the DCA is just for a beginner who doesn't have enough funds or income if not it is good to buy more when a dip happens then you can still continue with the DCA later on. It is good to understand the market correctly because if you do you are likely to make more profit in the long run when you know when to buy in a dip and when to DCA. The more reason why I like the DCA is for consistent accumulation because if you have a steady income flowing, you are likely to own a huge portfolio. There are people who wants to get huge amount and invest at once but some circumstances might arise and you use up the money but if you are someone that applies the DCA, even if any events happens that will require you to spend some money, you can sort it out without touching your holdings.

Kliss

member

Activity: 224

Merit: 27

Quote from: JayJuanGee on June 11, 2024, 04:18:56 PM

Quote from: Ruttoshi on June 11, 2024, 01:19:12 PM

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.

The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips. If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.

You make a fantastic point, Mixing buying the dip with DCA only yields better results if the price actually dips. If the price doesn't dip, DCA alone would be just as effective. In fact DCA strength lies in its ability to help investors invest consistently, regardless of market fluctuations, rather than relying on timing the market. You're also right that DCA doesn't guarantee lower costs per BTC, it's possible to end up with higher costs per BTC. However, by investing a fixed amount regularly, investors can take advantage of dollar-cost averaging and avoid trying to time the market.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: JayJuanGee on June 11, 2024, 04:18:56 PM

Quote from: Ruttoshi on June 11, 2024, 01:19:12 PM

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.

The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips. If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.

But to be able to mix buying the dip with DCA we need more money, we must always have a fiat reserve available to buy bitcoin because no one knows when bitcoin will fall. And preparing additional capital can be a challenge for many people.I agree that this strategy will yield better results but it will be more complicated because it requires more capital and there will be risk if bitcoin does not fall further as you say.
So, I think we should be consistent and loyal to the DCA strategy to make our bitcoin accumulation easier and not make us more stressed because of bitcoin volatility.

JayJuanGee

legendary

Activity: 3892

Merit: 11105

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Ruttoshi on June 11, 2024, 01:19:12 PM

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.

The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips. If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.

Ruttoshi

sr. member

Activity: 476

Merit: 385

Baba God Noni

Quote from: Rockstarguy on June 11, 2024, 04:45:53 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I think building up funds first is looking for away of having a stable income. Having a stable income it can enable one to invest atleast with the amount one can afford. If we look it in the other way saving money first to start up bitcoin investment, I don't see it to be building because even if one saves some money to start up investment and no steady source of income, if their should be a problem that money is needed to solve it, it is possible that one can sell out the bitcoin to settle the problem. But when one have a source of income , even if the person is investing with a little amount in bitcoin atleast with the steady source of income the basic problems can be solved without thinking of selling bitcoin.

Saving money to start bitcoin investment is not a solution of having a successful investment but having a steady source of income can sustain an investment. Savings without steady source of income to begin investment will be a difficult experience to keep investment going .

From my own point of view, I think that anyone who is saving/piling up his funds to buy bitcoin with lump sum to start his bitcoin investment has a means of income if not he will not be able to pile up the money to a specific amount that he can use to lump sum, he might spend his savings before it gets to that amount he desires. A means of income is very important for anyone who wants to venture into bitcoin investment do that he can use his discretionary income to invest in bitcoin and build up his emergency funds, reserve funds amd float funds along with his bitcoin portfolio.

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.

Uhwuchukwu53

member

Activity: 364

Merit: 44

★Bitvest.io★ Play Plinko or Invest

Quote from: Lidger on June 11, 2024, 11:29:59 AM

Quote from: boty on June 11, 2024, 12:07:25 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.

Lidger

full member

Activity: 266

Merit: 181

Quote from: boty on June 11, 2024, 12:07:25 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.

Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

G_Besar

hero member

Activity: 1120

Merit: 504

Quote from: NurseHub on June 11, 2024, 04:03:32 AM

Personally, I feel Bitcoin is like planting a tree and watching it grow.
That's how patient one needs to be.

Buying a bitcoin and holding it can be a solid investment strategy.
The Bitcoin market can be very tricky sometimes, but it's best to buy it when you can afford it and hold it for a long-term perspective.
Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

This can help you not buy all your coins at a high price. It's playing safe, not putting all your eggs in one basket. Avoid the FOMO and not do enough research.
Being cautious and not investing more than you can afford.

People who like to buy and hold Bitcoin do not need to panic too much about complicated market conditions as long as the person does not use the market to trade. And I think FOMO and research are only needed by beginners who are just getting to know Bitcoin because those who have known Bitcoin for a long time no longer need to do research repeatedly on the same asset model as Bitcoin. Additionally, if you suggest not putting eggs in one basket, it may only be more suitable for those who like to carry multiple baskets with the same contents. Because those who put all their money in Bitcoin will not experience losses as long as they don't sell it at a low price or when the price is being corrected like now.

Moreno233

sr. member

Activity: 434

Merit: 253

Quote from: Tmoonz on June 11, 2024, 10:06:11 AM

Quote from: Zackz5000 on June 11, 2024, 04:31:00 AM

I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy.

Bitcoin dip is considered to be a decline in price, in as much as it shouldn't be seen as a primary strategy for accumulating Bitcoin especially for a low coiner that doesn't mean such strategy is not good to be utilized by a low coiner that have made preparations to buy the Bitcoin dip along side his consistence dcaing and must not necessarily start his investment with the lump sum, it is only when a low coiner attempt making buying the dip as primary strategy or considering buying the dip without preparations that it will become problematic in his investment journey. However combination of various strategies can be good if proper planning are carried out such that it will not be a burden or negatively influence your other living expenses.

A lot of investors seems to be using the hybrid DCA method and buying the dip and that seems pretty efficient to me. It allows the invest maximize the opportunities that is being offered by every market condition. Do you consider the present market condition a dip? I mean a drop in price from $71k to a little above $67k. The problem with buying the dip is usually the understanding of what constitute a dip and what doesn't. It is however easier for the more experienced investors and not the newer investors. For me any price drop that is a differential of $5k is enough for me to enter and if it goes further by another $5k drop from the point of the first entry, another orders will be filled. I make it this way so that I can execute it effortlessly and also control greed which can make someone failing to enter hoping it will go lower. This pattern is usually combined with my weekly DCA that is running smoothly.

Tmoonz

sr. member

Activity: 308

Merit: 256

Quote from: Zackz5000 on June 11, 2024, 04:31:00 AM

Quote from: NurseHub on June 11, 2024, 04:03:32 AM

Another strategy is that instead of buying your bitcoin at once, you can buy it bit by bit at different times.

I think that's the DCA strategy you are talking about. The DCA strategy helps you to accumulate more Bitcoin in different price level either weekly or monthly as long as you have made your discretionary income available you can accumulate more Bitcoin and hodl for 4-10 years and above, because it is your discretionary income that will enable you to hodl your Bitcoin investment for a longer period of time for it will give you the opportunity to accumulate more Bitcoin and not to sell them out when basic needs may arise. Though there are also other strategies to accumulate Bitcoin we have the buy the dip strategy also the lump sum strategy but for low coiners buying the dip may not really be a good strategy of accumulating Bitcoin unless he or she started with the lump sum strategy.

Bitcoin dip is considered to be a decline in price, in as much as it shouldn't be seen as a primary strategy for accumulating Bitcoin especially for a low coiner that doesn't mean such strategy is not good to be utilized by a low coiner that have made preparations to buy the Bitcoin dip along side his consistence dcaing and must not necessarily start his investment with the lump sum, it is only when a low coiner attempt making buying the dip as primary strategy or considering buying the dip without preparations that it will become problematic in his investment journey. However combination of various strategies can be good if proper planning are carried out such that it will not be a burden or negatively influence your other living expenses.

Barikui1

sr. member

Activity: 266

Merit: 205

Quote from: Rockstarguy on June 11, 2024, 04:45:53 AM

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I think building up funds first is looking for away of having a stable income. Having a stable income it can enable one to invest atleast with the amount one can afford. If we look it in the other way saving money first to start up bitcoin investment, I don't see it to be building because even if one saves some money to start up investment and no steady source of income, if their should be a problem that money is needed to solve it, it is possible that one can sell out the bitcoin to settle the problem. But when one have a source of income , even if the person is investing with a little amount in bitcoin atleast with the steady source of income the basic problems can be solved without thinking of selling bitcoin.

Saving money to start bitcoin investment is not a solution of having a successful investment but having a steady source of income can sustain an investment. Savings without steady source of income to begin investment will be a difficult experience to keep investment going .

I totally agree to what you are saying, and I also want to add to what you have already said, saving to invest in Bitcoin is not the perfect idea too me because, when you save in fiat, it's very dangerous for the value of that money, because all money being saved up has an enemy, which is inflation, so if you start saving with the intention of investing into Bitcoin, I am very much positive that after a year or there about that you wanted to use the money to invest, the value will never remain the same again, because inflation will definitely take part it's own share, so if you want to save any money, the best thing to do is that, since it's a money you can do away without, it would be better to hold that money in Bitcoin, through the DCA strategy, or hold it in anything that appreciate in value overtime, so that inflation wouldn't have a negative effect on it.

Lastly, having a steady source of income is very much key in Bitcoin investment, so that you won't have to fall back to your investment for survival, especially when the investment has not blossom.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: Mayor of ogba on June 10, 2024, 01:13:06 PM

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.

I think building up funds first is looking for away of having a stable income. Having a stable income it can enable one to invest atleast with the amount one can afford. If we look it in the other way saving money first to start up bitcoin investment, I don't see it to be building because even if one saves some money to start up investment and no steady source of income, if their should be a problem that money is needed to solve it, it is possible that one can sell out the bitcoin to settle the problem. But when one have a source of income , even if the person is investing with a little amount in bitcoin atleast with the steady source of income the basic problems can be solved without thinking of selling bitcoin.

Saving money to start bitcoin investment is not a solution of having a successful investment but having a steady source of income can sustain an investment. Savings without steady source of income to begin investment will be a difficult experience to keep investment going .

Topic: Buy the DIP, and HODL! - page 150. (Read 122199 times)