Topic: Buy the DIP, and HODL! - page 152. (Read 142478 times)

I'm actually 50/50 on this because I think learning about something before starting is indeed an important thing especially when it will deal with the finances you have (that you want to invest) so it is quite natural when we explore and learn about this first including the objectives made and the market value that is of course included in it. But when we have plunged and are in the investment section (in this case bitcoin) and we have determined that this will be a long-term strategy for you, then do not focus too much on the current price because in the end it will make you dizzy and confused whether you can buy it now or not.

When the long term has become your goal as long as there is an opportunity to buy in the sense, you already have money to buy and understand about the risks and are ready to lose then why do you delay just because you focus on the price. It is precisely things like this that sometimes make it difficult for us to be in bitcoin because of our inability to take risks that ultimately make you regret not entering from the start.

That is the question I have been meaning to ask those who always say that Bitcoin is too high for them to buy now because that means they will not be able to buy Bitcoin in the future when the price must have gone very higher, actually what those people do not understand is that any assets that has serious value tend to have a great potential and when the assets is of a great potential it tends to have a very high increase in value as time goes by and of course Bitcoin is the assets of a great potential so the more people are waiting for the right moment that's the more the value will be drastically increasing and only those who understand the worth are the ones who is continually buying.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

"I think that it is important to point out that no one is really rejecting the idea of having knowledge or even suggesting or promoting the idea of ignorance"
 These were the exact words @JayjuanGee used when he was addressing similar post as this your statement here in this thread last week. And I think there is enough sense in what he was saying. In as much as some newbie can make his first investment in bitcoin without having adequate knowledge in bitcoin, does not mean that such investor should stand on his ignorance and make it look like it is the right thing to do. To successfully hold his investment, there are things he needs to figure out immediately before making his subsequent investments, especially if he is buying through DCA. Knowing his disposable income and and separating it from his reserve, emergency funds and daily expenditures funds are very important thing he need to figure out. These things forms part of the in dept knowledge that an investor need to have and they are crucial to the investor.

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

None of us can really make up for lost time, and we can ONLY decide how much to invest or how aggressive that we want to be based on today's circumstances and our own cashflow (and discretionary income) of today).... so it can be problematic to try to make up for lost time unless you just choose to invest more and to be more aggressive with your BTC investment, yet you are still bound by the parameters of your current disposable income, and so each of us needs to be careful, even when we are aggressive in our investment into bitcoin, that we do not over do it in so much of a way that we end up recking ourselves.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

DCA method is a standard method of deposit where you can deposit a portion of Bitcoins from disposable income on a weekly or monthly basis. Your consistent buying or depositing periodically may reduce the UP but you need to continue DCA for long term and at different price combinations. If the price of Bitcoin continues to increase and does not reach the current price in the future, its UP will gradually increase and finally the average price in your portfolio will be much lower than the future upside price, so this method is very useful for an investor who has discretionary money. .

Depositing Bitcoin with DCA method seems easy at first, but you must set aside discretionary money for it, like the difference between income and expenses every month, from which you need to set aside for emergency fund. If you want to know more details about Bitcoin investment, you can practice from 9 principle individual factors.

Every investor tries to perfect his investment and to do so he should be aware of these individual factors so that he does not face any problems in his long term bitcoin investment journey. Yes if you have a small amount of discretionary money you can deposit any amount of bitcoins and tend to run at least 2-3 cycles or more. Your main objective should be to have a decent bitcoin holding.

Holding Bitcoin in the DCA method is the only way to hold Bitcoin for the long term. Because the DCA method is a cost-effective way to buy bitcoins in all aspects, you will notice the highs and lows of bitcoins if you are investing in bitcoins regularly weekly or monthly then surely the level of buying bitcoins here will decrease in the average price.
 That is why it is very important for investors to follow the DCA method of Bitcoin investment, because once you start investing in the DCA method, it will attract you to invest again and again. Because Bitcoin can only be successful if you hold it for a long time.

Bitcoin is undeniable the best asset to invest. But if you keep waiting for the dump then what will happen to you on bullish times? Provably you are in standby mode doubting and trying to figure out on when you could enter. That situation you gonna choose is confusing and provably that confuse you or create fear not to buy. So instead of waiting for the dip better if you buy your bitcoins at what price you could able to buy. You are doing DCA anyway and for sure those big pumps and dumps would never affect you.

Also don't waste your time thinking about shitcoin and erase that in your system. Much better if you focus on your investment made on bitcoin then try to be consistent since this is really more important to consider.

I think people who are planning to invest in Bitcoin hoping for quick profits should put their plans on hold. First they should gain knowledge about Bitcoin, then they should decide whether to invest or not! Because when a person gains knowledge about Bitcoin, he will realize that Bitcoin is not a means of making quick money. He will also understand that in order to profit from Bitcoin, he must be long-term. After acquiring the knowledge, it will not be affected by price decrease or price increase. Instead of getting depressed or panicking during price drops, he will learn to enjoy the time.

If a person is a newbie and wants to come into bitcoin investment with a long term plan and want to invest in DCO method then I think he can do it even if he doesn't have much knowledge about bitcoin. He can start investing only if he has an idea how to buy and later learn different strategies to hold the investment which is Bitcoin knowledge. Gaining knowledge will benefit your investments as well as help you advise others to invest successfully.

You mentioned a topic related to Shitcoin, which mentions profit, not loss. Keep in mind that while the profit margin is high in Shitcoin, there is also a high chance of loss. You will not only lose from Shitcoin, you will also gain but the amount will be much less than the loss. That is, if you profit $100 from Shitcoin, it is almost certain that you will lose more than $100 later. As the profits in Shitcoin are high, there is a high chance of being tempted, thereby increasing the potential for losses. Because many coins disappear from the market due to the low probability of value recovery in Shitcoins, if you invest in such coins you will lose the entire money. Long term and short term investment in SHITCOIN is extremely risky and I don't think anyone would dare to advise taking such a risk.

I know if I could still recall, I didn’t emphasise on buying bitcoin at the dip only, I just said it is the best time, which means you can still buy bitcoin at anytime to accumulate as much as you can afford using the DCA strategy, so all this you are saying, I will just take it as more clarification to those that find it hard to digest the English I wrote, not correction to me, because all what is said is the same thing I also said but in different English. So I appreciate your effort in clarifying it to others. The best thing to know is that both of us are explaining the advantages of accumulating bitcoin and holding it for a long time.

As a new investor, you are not only to keep on buying bitcoin regularly only at the dip because you are still new to bitcoin and you only have very little bitcoin. A new investor should be on accumulating bitcoin using DCA regularly without stoping whether in the dip or not for 4-10 years and above so that he will be able to accumulate a significant size of bitcoin to cover up his latness into bitcoin investment.

You should also know that buying at the dip is for those investors who are prepared for it by having reserve funds available, but with your ongoing DCA you have the advantage to buy bitcoin both at the bottom line of the dip and when the price is at his peak.

When there is a dip in bitcoin, that is the best time to keep buying bitcoin. If you can accumulate a lot of bitcoin in this season then there is a potential of you getting a lot of profit in the future. That is why the best thing to do in bitcoin is to accumulate a lot of bitcoin and hold for a long time. As a newbie in the crypto space, the best place to invest in is bitcoin. Even if you have many years in the crypto space, bitcoin is always the best place to invest your funds for a long time. Many of those shitcoins always end up as scams. That is why we always encourage using the DCA method to accumulate as much bitcoin as you can without braking the bank or being stressed in your finances. 


We always have regrets about our late intervention to invest in bitcoin. I know many of us have known about bitcoin for a long time, but due to a lack of knowledge we had when we were still in school, if we have been investing in bitcoin since 2010 or 2011, even if it is a dollar every month. We would have been millionaires today. That is why a wise man says "ignorance is the worst disease ever," because it will affect you for a long time and you will always regret it, so it is best to explain and reach those in school about bitcoin investment and give them the strategy to follow. In order to make sure they are aware, they have knowledge and the possibility strategic to accumulate a lot of bitcoin. 

Yeah you are correct some people especially newbies really don't understand how Bitcoin works they just heard about someone it and feel they can just start investing and start making money from it and that is why you see some people become frustrated when they start investing and they later got disappointed by not making the quick money they expected to make.
A lot of people has left Bitcoin investment because they feel Bitcoin is too slow in it's growth and they feel investing on shitcoins will be more better because it will grow fast, the want of quick money has even blocked there eyes to see the high risk in shitcoins and that is why no matter how people keeps failing and losing money in shitcoins some people are still investing in it.
When it comes to bitcoin investment on needs to be patient and also be consistent, Bitcoin will give you more peace of mind because one won't lose money when there's a dip it's certain that it will grow again one just need to accumulate and hold for a long term.
Before investing in Bitcoin one needs to have the basic knowledge about Bitcoin and how it works it is very important, if a newbie has basic knowledge about Bitcoin and also know the history growth of Bitcoin it will help him or her to relax even when there's a dip.

All you've said is remarkably correct and I totally agree with you, it's very wise for young people to sort and utilize opportunities that are made available for them to develop their financial habit while investing in their future too. There are no better ways for students to invest in Bitcoin than the allocation of part of their pocket money, well except for those of them that decide to take up some jobs in order to raise more money to support themselves,  these ones can also use part of their earnings to invest in bitcoin at a regular interval, could be weekly or monthly, depending on when their paycheck arrives. This practice helps young minds to develop a long-term investment mindset, acquire more knowledge about Bitcoin and investment in general  and place themselves in a position where they'll be able to benefit from compound growth in the long run.

I'm glad you pointed out how important it is for students not consider the option of using money meant for their tuition fees to invest in Bitcoin. It's very crucial to lay much emphasis on the importance of prioritizating essential expenses such as tuition fees because it falls under money they can't afford to lose. It may not be considered to be smart investing at all to use money meant for other important expenses to accumulate Bitcoin as it could put you on a very uncomfortable spot when the sudden need for that money arises, keeping one in a compromising state of considering to sell off their holding in order to foot that need, which very bad for investment. To avoid such scenarios,  it's very crucial to strike a balance between financial responsibilities and smart investing, because by doing this, they'll be building a very strong and solid foundation for their financial future.

I believe the reason for this is often because people do not really consider Bitcoin as a long-term investment, as they may only consider it for its short-term benefits. What they fail to realize is that Bitcoin isn't like these other shitcoins traders choose to gamble their money on. Just as you've rightly said, understanding the dynamics of Bitcoin and its potentials would help individuals set realistic goals and also become conversant with the rules of investing in Bitcoin.

Volatility is an inevitable aspect of the bitcoin market, and many investors feel Volatility is bad and should be watched out for at all time, but understanding the bitcoin market would open your eyes and your mind to so many possibilities,  as well as to know exactly how to navigate the bitcoin market and avoid only preparing for the downsides of the market, but also looking out and preparing also for the upsides of the market. Volatility shouldn't be considered a threat to an investor,  because Volatility won't have any effect or impact on you when you consider Bitcoin for its long-term trajectory,  it'll not only ride out the impacts of market Volatility or short-term fluctuations in the market, but it will also give you clarity of the market, putting you in a better position to make better choices that concerns your investing.

Understanding Bitcoin shouldn't be an excuse for not starting any investment. Bitcoin is easy to understand, a beginner does not need in-depth knowledge nd understanding of Bitcoin. What is there to understand that we should always keep our asset safe, set and investment goal, dont store our Bitcoin in the CEX but rather wallet? After that the next step is only to make research about the various strategies to invest in Bitcoin and which one will be preferable to suit his risk management.

Bitcoin investment and Bitcoin trading are too different ways to benefiting from Bitcoin. So it is easy to start a Bitcoin investment once the funds are ready but going in for trading is very risky and need in-depth knowledge.

There is a saying 'delay is never denial'. At the end of the day here we are, speaking Bitcoin English.

Early awareness of Bitcoin is a huge advantage for those who can understand the concept at a tender age. They had fewer responsibilities which gave them more time to study it. Knowledge is one thing that can help them build financial independence and investment decisions once they are financially stable. I practically started saving a little during my school days for business once am done, I just came to realize that if I had been investing as little as 10$ back then i would have heard enough Bitcoin in my portfolio.

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip. It is only when one lack understanding of bitcoin then the dips of the market always looks dangerous while the the increase is only what looks attractive.

You really need to understand the volatility of the market before making decision to invest in bitcoin, one must have understanding that if making profit in bitcoin is interesting then the dip must also be interesting too. Having money is not just enough to invest bitcoin,  if you don't bitcoin volatility will always br a threat to you which can cause you to sell you coin without having any good investment results.

True, I believe that's what someone was trying to tell me lately that Bitcoin investment can be done with someone who is financially ready ^{not stable} because when you are ready, the kind or number of job you do will be a factor to you having some kind of stability to your investment because it's not easy having or hoping on just a job to meet ends need then saving up through that job without having a backup plan because one day you will get to use or temper those coins.