Topic: Buy the DIP, and HODL! - page 158. (Read 131586 times)

As an investor who's looking forward to achieve a solid amount of Bitcoin in future you need to DCA on Bitcoin because DCA serves as a good method to invest on Bitcoin for long term, and we don't need the support of any price charts to know if we can invest on Bitcoin or not, and also we are not doing  scalping on Bitcoin since we are going for long term. From our whole time learning about Bitcoin investment strategies and also knowing that dollar cost average makes us understand that every price is an advantage to buy Bitcoin whether the dip or not, it's an opportunity for all investors to buy.
There are different types of investment strategies but I choose the strategy that allows me to invest for long terms which is DCA method.
As one who is DCAing in Bitcoin you don't need to tell yourself that it's not the right time to buy Bitcoin, ever times is an opportunity, if you arrive at the dip buy more and if you all arrive at the bull still buy more. Since Bitcoin is fluctuating one should k ow that as long as it has gone dipped it will still increase again.

the concept of not over spending too much time in studying the the chats and looking at best entry and exit point isn't just what's peculiar to newbies only. As you grow in your accumulation journey, you will certainly come to stages when you get tempted to become bothered with what's going on with Bitcoin price and wether or not it's necessary to halt your accumilation because it's at the bull or to even sell because for fear of being left out. These are all signs that only suggest that you're not yet matured with the way you go about your investment and certainly need to fix a lot of shit if you're ready to get something out of your investment.

Every investor be him a newbie investor that has a small fraction of holding and that hasn't been long in the Bitcoin ecosystem or an old Investor who's had past experience but is still caught up with what's happening in the short and is still relying on charts and people's opinion before making a buy  needs to know that the only reliable way to effectively invest for the long term and get the best profit out of his investment is to bother less or have zero concern about what the chat is saying or what price short termed holders feel is the comfortable price to buy.

If you're using the DCA methord and you're still being concerned about Bitcoin charts, seasons or entry point, it's obvious you're still a babe in the game.

I don't agree with your No.3 because it's contradicting to the fact that Bitcoin investors are buying the dip and holding for a long period of time.If you say study and understand the market seasons then you're talking about the short term which is trading.Right now studying the price movement of Bitcoin is a misleading information to Bitcoin newbie investors who just started their accumulation journey the only thing they ought to do is to manage their cashflow,invest from their discretionary income and build an emergency fund.A newbie investor is always enveloped with FUD when he always study price movement of Bitcoin,the dip is a season where bitcoiners should take advantage of,by accumulating continuously with the preferred strategy DCA strategy.Bitcoin investors are not expected to time the price movement and study price chart because they have the goal of holding for a long period of time.

Mate it would have been better for you not to make your explanation look more confusing, with your notion and detailed arguments about the bone of , I think your explanations still narrowed down to what @KeenanEl19 said, when they say that a strategy is easy, it simply means that irrespective of the market price at any given time, people can still invest continuously with the fund within their disposal, when people are allowed to acquired an asset with what they can afford what does mean, to me I think it simply means that such investment is easy and nice to use by both newbies and old folks in the business.

Perfectly said, thinking on how to navigate things here to enable us achieve our goals and dreams should be our number one priority and off cause that is why we are here, so we shouldn't get distracted or confuse ourselves with things that is/are not suppose to...  Some people have been derailed because of what they heard or saw reason because they allowed themselves to be... By taking what they heard or see to heart or maybe allowing those things to take over their thoughts perhaps we should stay positive in all things.

There surely is some correctness in your assertion that there is some misleading elements to the thread title, and surely may well go to show that any of us (and all of us) need to read beyond the title to both figure out what is being discussed in the thread and to figure out our own approach to bitcoin in terms of some of the compelling forces wanting to get us to wait for dips prior to beginning our bitcoin investment (accumulation) strategies, and yeah, a lot of people get fucked with those kinds of mindsets, especially when it comes to both getting started with bitcoin and going down the path of employing an ongoing bitcoin investment strategies and accumulation approach.

Practically, the overwhelming majority of the world's population likely are not able to invest into something like bitcoin with just one (or even a few) entry points and then just let their investment ride, and even someone who might be able to both front-load their bitcoin investment and even engage in some kinds of lump sum investing are going to be advantaged by ongoing investment into bitcoin whether that is adding DCAing and/or buying the dip.  

I have no problem with considering all three kinds of BTC accumulation approaches of DCA, lump sum and buying the dip, and even adding in ideas of HODL for those times in which money might be running out.. or even mistakes had been made... And, each of us are likely going to do better if we can figure out when, how and where to employ such strategies, and likely including that even in the better of bitcoin accumulation scenarios, a large number of bitcoin newbies are likely going to go through at least a whole cycle before they have even come close to accumulating an adequate and/or sufficient BTC holdings (stash) to really prepared themselves for UP.. and sure, there are going to be some exceptions from some folks who had already established themselves some kinds of investments who are able to allocate (or reallocate) some of their earlier investments into bitcoin, yet even some of those folks who might be considered as front loading into bitcoin, they still might be taking nearly a whole bitcoin cycle to really get themselves into a relatively solid bitcoin position..  

Look at Michael Saylor and MSTR as a kind of example, even though Saylor/MSTR are a bit of a psycho when it comes to bitcoin accumulation.. but they likely still took several years to really establish their position, which part of that is reasonable and another part is a bit psycho since many folks are not going to come even close to that level of aggressive in terms of their investment into bitcoin and frequently will be much more reasonable starting in something like a 5% to 25% allocation into bitcoin and surely maybe bitcoin might grow to way more than 50% of their holdings, but not necessarily using leverage and various financial instruments to be over 1005 of their investment holdings, which I would consider overly aggressive and unusual and even unnecessary, especially for normal individuals.

My point is that from my perspective, it can take a bit of time to establish a fairly solid bitcoin position, even from folks who are able to aggressively front load their investment into bitcoin, yet many normies are not even going to come close to the ability to be as aggressive as someone like Saylor, so even if they choose within their own financial and psychological boundaries to be relatively aggressive within their own boundaries, an overwhelming majority are still likely going to need more than a whole bitcoin position to really get to a point of having had established a meaningful bitcoin stash size.. and frequently these things cannot be rushed.. as I have mentioned so many times, there are regular folks who invest strongly and aggressively and consistently in traditional investments for 30-40 years and they may well never make it to fuck you status, so some folks who are newbie investors, they may well expect that even a better case scenario of investing into bitcoin may well take them 15-20 years to reach fuck you status.. while at the same time being more aggressive may help to shorten the timeline, being more aggressive does not create guarantees and also there can be lines in being overly aggressive that might well not be worth it to cross, because it is much more important to continue to stay in the game rather than to get kicked out of the bitcoin investing (stack building) game because any of us might have had errored too much on the side of being overly aggressive and ending up devolving our approach into gambling rather than investing.


Many times it is going to be better to quote in such a way that we can see from where the quote came, especially if the whole post is not quoted.. but yeah sometimes members will overly abbreviate.. and maybe sometimes their intent is good, since frequently it is not going to be necessary to quote the whole post, but just to quote the relevant part(s), yet again if ONLY the relevant parts are quoted, then it tends to be more convenient to easily be able to go back and look at the whole post in order to remember the context in which the quoted part had been said... kind of an ability to have a memory refresher (if such going back might be needed for the one who is reading the response - and perhaps even better being able to understand the response).


Ultimately I agree that there could be some element of DCA investing that is the "easiest" of any kind of investment approaches, but whether we label DCA as easy or not might also depend upon context, since even lump sum could be easy in the sense that maybe a guy buys bitcoin one time with a lump sum, and then just waits for 4-10 years or longer to see what the lump sum amount had done.  So there could be ways that any of the investment/accumulation styles could be set up in a more systematized way that does not require very much follow up, and of course the more aggressive that we might want to be in terms of using most of our discretionary income, then we might contribute towards our investment approach to become less easy because we might even be doing weekly balances to attempt to maximize the use of our discretionary income while not devolving into gambling (or over doing it), and so surely if we try to incorporate trading or even incorporating strategies that we are using money beyond our discretionary income (which might be deemed as overly risky or gambling), then we can cause even something like DCA to become less easy because of our level of aggressiveness that might even be considered as going overboard, even though technically we could still proclaim that we are using a DCA strategy, but the way that we choose to use it could make it more challenging (and less easy) to actually employ in the way that we had chosen to employ it... even though technically, our choosen strategy still fits within the definition of DCA.


I am not too big of a fan of single cause explanations regarding BTC price movements - even though sometimes there seems to be some credibility to certain kinds of stories, including if there was both a lot of hype that coupled the German government's selling of their coins, then that could contribute towards scaring normies out of their coins in such a way that is way greater than the actual selling of the coins, and surely whether Germany actually sold their coins or not who the fuck knows?  It appears that they sold their coins rather than just moving them to some other location.

Another thing is that it seems likely that Germany (and whoever else might have been behind the hype of Germany's supposedly selling their coins), they likely would have had preferred the BTC price to drop way further than what ended up happening, so surely there were likely a lot of weak hands doing the exact opposite of what they should have had been doing while the BTC prices were below $60k, which should have had been buying BTC rather than either selling or failing to buy... and yeah, a lot of folks were likely dissuaded from buying bitcoin also in the sub $60ks  since they were too busy waiting for further BTC price drops rather than taking action to take advantage of decently sized and lasting BTC price dips.. and yeah, maybe many of us do not really care too much if there are dips or not, since many of us might be buying BTC no matter what the price in the coming cycle or so, yet at the same time, part of the sentiment of this thread helps us to appreciate that if we had been buying BTC in the upper $60ks and even lower $70ks, we may well feel some positive benefits in terms of being able to buy more BTC with the same quantity of dollars (or other fiat) if  we had been consistently, persistently and perhaps even aggressively buying below $60k.  

Don't get me wrong.  There is no way that I am really recommending to hold back very much value for those kinds of buying on dip opportunities when they come, so surely each of us has to figure out our own budgets, including how much BTC that we have been already accumulating in order to figure out if some portion of our budget or our reserve cash amounts might be held for buying on dips, and these are not easy decisions (or balances) since any time that we are holding back some of our buying for potentially buying on dips we are waiting with that portion of cash for BTC price dips that may or may not come.  Dips are not inevitable.  Sometimes they do not occur.  Sometimes they occur at an amount that is difficult to figure out in advance, and sometimes they stayed dipped for a period of time that is outside of what is within any of our abilities to predict.  So since it remains so difficult to figure out these kinds of BTC price dynamics matters, it likely remains good to try to create and maintain BTC accumulation systems that attempt to be somewhat (financially and psychologically) neutral to short term BTC price moves, while maybe even having some kinds of cushions in our systems that help us to take advantage of what seems to be inevitable BTC price volatility, even though we cannot really pinpoint with any kind of precision the direction of such seemingly likely inevitable BTC price volatility.. and surely even I have frequently proclaimed that one of the most certain aspects of BTC price dynamics remains its volatility, even though we cannot really have any kind of high confidence regarding the direction of such volatility or even when and how it will show itself.


Exactly!!!  Focusing on our own cash management and the specifics of our cashflow situation - that likely fluctuates to some extent from month to month, including some of our desires (and preferences) regarding what kind of things (purchases) we might feel that we might need urgently or whether we might be able to defer some of our purchases (and the ways that we spend our income or even various parts of our savings).  Personal financial management can have a lot of challenges, yet if we create and maintain personally tailored (and even adaptive) cash management systems, we can feel very rich from our having had put such systems in place, even if relatively speaking we might not be financially rich, but we end up creating systems for ourselves that give us a lot more options than if we had not put such systems in place.  

We can even create and establish very powerful personal cash management systems that cause us to feel rich, even while we might be relatively early in our BTC accumulation (building) journey, and we might even forecast that it may well take us longer than 20 years to reach a real material fuck you status, yet at the same time, we have built cash cushions in our cash management systems that give us a sufficiently large number of options that even if we have not reached a strict fuck you status, we have reached a kind of miniature fuck you status... if there might be such a thing? or if we might imagine ourself in such a powerful position that includes a large number of options.. and yeah, maybe we cannot feel miniature fuck you status while we are still in the earliest of stages of building our emergency funds, reserve funds and float (along with building our BTC stash), yet the longer that we make progress in regards to having fairly solid systems in place with various kinds of reserve funds and an every growing BTC stash, we likely feel more and more and more empowered by how we are setting ourselves up.. even though still building and maybe even sometimes getting our debt in order too... since some folks will come to investing into bitcoin (or even other kinds of investing), while realizing that they might be living in a kind of debt situation rather than really having positive networth, so there can also be empowerment in terms of getting debt in order or at least getting it into a place in which it is manageable and not causing unnecessary stress.

@Justbillywitt didn't really discard DCA from been easy or not easy, but that he was trying to clarify @KeenanEl19 as to why a lot of newbie and old investors prefer using DCA investment strategy than any other bitcoin investment strategy. From what I understood he was of the opinion that the DCA strategy gives every investor  room to accumulate at their own  pace financially without having to compete with others in the accumulation process. It is with each according to his financial strength of bitcoin portfolio accumulation under the DCA method with every dip opportunity.

I think you are even getting yourself confused the more because it seems that you have another definition of easy because at the point of trying to correct @KeenanEl19 you are even making the whole thing confusing because even when you believe that is a wrong impression for people to choose DCA because is more easier but you are still saying that DCA makes it more easier for people to continue accumulating Bitcoin, so I couldn't help but wonder why  you consider easy as a bad impression in using DCA when you are also saying the same thing, so actually I want to let you know that is because of how easy DCA is that made people especially the newbies to easily make use of it.

What if it is because of me that the German government sold to enable me collect more Bitcoin for my DCA value  . Well, we don't have to be too emotional to the point of calling their action irresponsible because believe it or not, there will always be buyers and sellers in the market in response to the forces of demand and supply. Besides,  if there are no sellers willing to give up on their Bitcoin easily, many people like us will not see the opportunity to take advantage of such generosity.  

I have learnt to focus more on myself in this journey, so that I will be able to secure my future by consolidating on every opportunity I see in the market. In other words, I always aspire to get better at prudent management of my finances. I think this is more important than trying to dictate what the weak hands do with their Bitcoin.

Well said, in Bitcoin Market and also as we invest we should be aware that the Market won't move in a Linear direction rather Market always move upwards and downwards. We shouldn't panic, but rather understand and accept that the Market is always full of uncertainties of which is outside our control so we should focus on controlling it out risk which is within our power.

DCAing makes us present in every market situation, of which we buy at every opportunity present. Our focus should be fixed in a long run rather than short term price Movement.

The recent DIP was caused by the German government's irresponsible market sell orders they did on the Bitcoin market. But because there were probably investors that saw it as another opportunity to buy the DIP, they took advantage of the German government's actions.

I believe that there will not be another DIP like what recently happened again, BUT Mt. Gox Bitcoins have been moved again - to an "unknown wallet".

Well said mate, literally looking at the chart he presented mean he's monitoring and tracking the price of Bitcoin which is not supposed to be the concern of a long term hodler. Donno why some people becomes so scared when the price is falling but that shows the stigma of short term investors or traders and our interest in this thread is mainly to keep accumulating without minding the fluctuations in the price of the market. Whether the price of Bitcoin pumps or dumps that is not the concern of every long term hodler as our major objectives should be on how we can accumulate consistently and acquire huge portfolio. Always targeting the market at different intervals can only result to unrest and being emotional all the time because if the price pumps they feel happy about it but when it dumps there mind skips as if the price isn't gonna bounce back again. We all should know that the price of Bitcoin will continue to experience corrections at some point so whenever a DIP happens, we should see it as an opportunity to buy more at a DIP price instead of feeling moody about it.

for me, who is a beginner, I am implementing point one, I am using the DCA strategy and am accumulating my bitcoins gradually, for the long term that I am targeting. and point two I already understand it, and behind every profit that I target, there is a risk that I have to take, and that is normal because in every investment there is a risk.
however for the third point it would be very complicated for me to study market prices, I can't just guess and wait for the price to go down, no I can't do that for the third point. the third point will slow down the investment that I run.
and if the price goes down it is a bonus for me to buy more, but if the price goes up I will keep buying and accumulating my bitcoins. Long term goals are my targets

Sometimes it is not buying at the right time or right price but DCA strategy was designed to reduce the impact of volatility and eliminate the fear of investing at the wrong price and people wouldn’t have to be worried about the market conditions. Also it was introduced to give everyone the opportunity to invest with the little amount they have and they won’t have to wait until they save up alot of money and if done at regular intervals they would be able to accumulate quite a lot of bitcoin in no time. This strategy is very good because it does not only reduces the risk associated with the investment it also reduces the risk of emotional distress.

This strategy has lots of benefits for investors and makes investing more easy and convenient for everyone.

Hahah.. very funny quote. I equally made some research to find out the place where the exact word was used by you @JJG, but I was able to see it from the link to this my quote. And it was not a direct reply to him but to @as soon as. and the second quote I didn't see. But as the case may be you have already answered the question to what he asked, but I just wan to draw the information closser to you to make it easy for you since you can't find it. And we are here to help each Oder solve problem. It's quit funny the way he quote I presume he doesn't know that much about quoting.

I see that @Justbillywitt is trying to make a point and somewhere along the line maybe he didn't land whe he ought to. And yea surely there are time when we feel we are saying what we think and yet we are not getting it right or may get it right but others see it in Another way. I think what he is trying to say is that DCA strategy is not easy as people think. But what make people think it simple is due to the small fraction they buy weekly and it's not affecting our discretion amount, and if bitcoin price dips we may still have some amount in our discretion to still buy more . But that doesn't mean that DCA strategy or investment strategy is easy.

But in my own opinion DCA may not be as easy as people think, but I know surely it's the easier way of investment compeard to lump sum or buying the dip that is why it is seen as the easier way and not the easiest. because surely most people can not still afford to invest through DCA because of there low source of income or the Level of their discretion. So I may say it's an easier way for investment for those who are willing to invest no matter how small, but may be difficult for those who are not ready or willing to Start.

DCA Strategy - Whether it goes up or down it shouldn't matter because we buy at the right time (weekly/monthly) if you think about market conditions this will usually hinder your DCA a little because you will always think the price will go down/up so this affects DCA which periodically becomes inconsistent. DCA is strageti by buying the average price.

Well I don't think about the market now even if it goes down due to the FUD spread by the media, it doesn't matter at all, the most important goal for the long term 5-10 years is our focus to stay consistent and how to overcome the obstacles in the long run.

DCA can be said to be easy compared to other strategy used in purchasing bitcoin, because DCA allows you to invest or buy bitcoin with amount at your comfort and manages risks (fluctuations). Many investors especially, newbies with long term perspectives align using DCA strategy to accummulate bitcoin because of its effectiveness, regardless of what bitcoin price may be either up or down, it saves you from the stress of monitoringthemarket and buying with chunk of your income. But DCA requires doing it consistent, dedicated and committed to actualized its effectiveness.

It's something that spread like a plague from those Twitter and other social media influencers, trying to inculcate in naive people that there are lines you can draw and ways to read charts that help you to time the market instead of emphasizing that time in the market is what really counts. I remember spending like a couple of weeks years ago following some of these chart gurus in order to see whether any of the crap they are spreading would materialize in the slightest. It didn't. But the dangerous thing is that it does sometimes sound extremely smart and sophisticated. But my take is that when you present someone with 10 different lines you can draw in those charts - lines that are named after some mathematician or so - one of them will hit for sure. Best example was when bitcoin had immense crashes. None of these gurus ever got those crashes right in terms of magnitude. Not even close.

That's why the thread title might be misleading the newcomers because they believe the most important precondition of getting into bitcoin is to identify the DIP first. But no, that would again be timing the market > time in the market, which in the case of bitcoin has proven utterly wrong till this date.

You're somehow beating around the bush and you're not making any difference in your assertion better than what @KeenanEl19 said. Generally, we all know that the reason why most people prefer the use of the DCA method is that it is Simple, convenient, effective, and also universal which means that both the rich and the poor can comfortably use that method.

That you can buy with as low as 5% to 10% of your income and it will still work well for you in the long run is the reason why people look at it as an easy method. If you even look at it from a broader point of view, regardless of how small or big your income is, the DCA method reduces the weight of investing too aggressively at a time and helps you to keep buying and you might not even notice you're Buying too much since for every time you buy, the amount that leaves your earning don't actually affect you that much and with time, you will observe that it's not almost part of your routine to spend that amount in buying Bitcoin.

Most newbies tend to have issues at the onset with using a big amount to buy Bitcoin when they do not know much about Bitcoin and you don't expect them to buy aggressively at that early stage even when the market is at a bear and any established investor would normally want to cease such moment, it's going to be easy for them if they are using the DCA method to keep buying with that small fraction of Their earnings until they've grown matured enough to take up some aggressive buys when the need arises.

One great way to make use of the DCA method most easily is to do something like this; let's say you're earning $500 a month and your monthly DCA amount is 10% of your earnings which is $50. The most practical thing to do is to conclude that you're only earning $450 and set all your spending plans to work comfortably with that $450. That way, it's easy for you to do a 5 to 10-year DCA and never feel a single disturbance along the way.

You are literally contradicting your own explanation. How about I tell you that I prefer to use the DCA strategy because it is easy to use?. At least, I don't have to monitor Bitcoin price for an entire 24 hours, to observe when there is a dip(for those who only buy the dip). Bitcoin investments, especially to those who are new to it, shouldn't be explained with too many terminologies and complexity, but rather as smooth and easy as possible. Just as you've pointed out, "the DCA method makes it easier for investors to buy Bitcoin", which depends on their financial capabilities (source of income). It's always a continuous process, that doesn't need too many grammer or math solving to explain.