Topic: Buy the DIP, and HODL! - page 161. (Read 142606 times)

It depend what you are earning from the place of your work before you can say the 10% from the salary is too small because there are some people who pay light bill, house rent bill, children school fees and feed the family from the salary and if such person budget 10% from his or her salary to invest in BTC weekly or monthly, I guess it will bring out good results in the nearest future. Yes, it depend what you are earning from your organization and your knowledge towards BTC investment because if you don't have the knowledge of the investment, there is no way you can take a good risk from your salary to invest what will make your profit big, because what you invest in BTC will determine what you are going to earn when bull run occur.

This is BTC investment we are talking about here not cryptocurrency or fiat investment, but don't forget that some people use loan to make profits from BTC investment, but I will not encourage anyone to use loan to invest in BTC to make profits because is a big risk in BTC when the price remain low through out the year and it will make you not to live comfortable in your environment.

Investing with 10% of our weekly or monthly salary is a bit small and a bit high depending on what is been received weekly or monthly, that is to say there are investors who's salary is  very small to the extent that they barely sustain themselves till next salary and there are also investors who receive handsome salary that even if the salary is been divided into 3 parts,  1 part of it can be enough till the other month so this kind of investor 10% will be like a child's play. In summary the percentage to use for investment is dependent of the weekly or monthly salary.

Dude, lets be specific what we are talking or discussing here is not cryptocurrency rather what we are talking about is Bitcoin investment and going to loan money to do crypto is very risky and then again you are sounding like a trader because even you invest or made an entry when the price of Bitcoin was/is  $60k plus and then the market declined to $50k that doesn't make investor to be in a mess unless you are trading I mean that's volatility it is band to happen  and sooner or later it will take an uptrend.

Yeah that's true, buying Bitcoin during the dip is important and also at good advantage to the investor but even at that it's not mandatory that you must wait for the dip to come before buying. If the investor steadily buys Bitcoin then I believe he is more covered than actually waiting on the dip before buying but just Incase the opportunity is available then buying during the dip is the better but consistency too must be maintained and that's where DCA method comes in play, I mean just continue buying and when the Dip present itself and funds is available you buy even more.

I don't think there is any point deciding what percentage of salary others should invest in Bitcoin because that depends on a lot of factors which varies from individual to individuals. In other words, the percentage an individual should invest in Bitcoin is something the individual should work out by himself to know what will be suitable base on his level income and responsibility because the bigger picture is to invest in Bitcoin and be able to manage the investment properly so they are not sold off when there are challenges. Therefore, one of the key role of the investor is to ensure plans and provisions are made to take care of anything that might make the investment to be sold off.

It really never be a bad idea to use 10% of our monthly salary to buy bitcoin if this is what we can afford. If they think other people that this is small amount then let them think about that. Maybe they are rich that's why they say about that. What's important is they are accumulating and for sure that numbers will not remain like that since for sure that there are times we earn extra money then used it to buy bitcoin.

For sure we still have good balance to have especially if they decide to hold it for long years. Its really challenging to separate some funds for investment if we have personal obligations from our family. But if the person is really eager to make their life became more better for sure there's always a way to make everything they want to happen. Also we should never invest all our money since for sure that we will have or encounter an issue if we do this.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

I learn and continue to learn and I have accepted the fact that a person can do BOTH if he/she chooses to. Because, why not? Both have their advantages in an accumulators' strategy.


If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

A beginner can make this kind of simulation an important part of a bitcoin investment strategy and indeed one can adjust which is more comfortable among the 3 parts or doing all 3 parts would be better.

The important thing is that DCA should be the main strategy for accumulation, while the others can follow the flow of money you have including beginners who are just starting out.

I prefer the main DCA strategy to be weekly.
Trading funds to anticipate when the price drops then ready to buy it.

It could be the case that some people think about their investment as something that they build up  and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating,  does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.

in most cases, the first goal of an investor is always so small and just centered at building your portfolio up to the slightest  extent. In the pursuit of building Bitcoin portfolio to that extent you gain knowledge and get to set the right plans in place that can help you reach a better goal, thier is absolutely nothing that's wrong with having such a plan as an investor as long as you're not doing it at the detriment of fulfilling your core desires.

Greed is mostly applicable to altcoins that lack Future potentials and when you managed to hit some profit from it and still want to get more. For Bitcoin that's solid and less risky in terms of long term investment, reaching your goal and wanting to achieve more is not same as being greedy. Except you have a desire or an important project you've yarn to do and that is the main reason you're building your Bitcoin portfolio so you can easily achieve it, if that's the case then after reaching your goal, it is wise to carry out such project since you will certainly take out your holding at certain point and it's best you utilize it in doing the right thing and not try to reinvest it in a less profiting asset.

Yeah anyone can buy Bitcoin whenever they wish to but for anyone using the DCA strategy, it requires consistency. That is if you want to DCA every week or every month you have to make sure that the funds will always be coming regularly because as soon as you are slow in your DCA, before you know it you can start becoming so tired just like you talked about other responsibilities, that is why we are advised to start with an amount that will not affect us and while making use of the DCA, it is good to have reserve funds so that in case of a DIP you can have the opportunity of buying and also having emergency funds to attend to any needs that may arise so that it doesn't affect your DCA amount. If you make provisions for all this things then you are most likely to have a smooth investment process.

That is the two different school of thought we have as long as bitcoin investment is concerned. In everything that is called investment, there is supposed to be a target whereby if the Investor hits this target they will exit that investment. But in Bitcoin investment there are some people who do not have any target, they just want to save  in Bitcoin and believe that one day bitcoin will worth very high and they will become financially free.
While there are some who are invest in because of the Bitcoin halving and bull run season. This set of people always by during the bear market and wait till the bullrun starts for cash out.

However, if all things being right for a person, it is right to hold bitcoin for a very long time and see what bitcoin will be in the future.

IMO, I don’t know the kind of plan you’re referring to but definitely every bitcoin investor target is getting a good portfolio. After owning the desired amount although there’s nothing like satisfied bitcoin accumulation, an investor might feel like they've gotten much but still keep accumulating that’s normal and good because there’s no limit owning bitcoin . Consistent accumulating is the best plan for me, continues accumulating after reaching an achieved target doesn’t mean greed if that’s what you’re referring to.

The dip is not a time that a bitcoin investor should be expecting or even allow the thought of it to weigh them down. There are times that they come without notice and every investor that has the capacity then can take advantage of the dip to add to their portfolios.

If you’ve missed out of the opportunity to buy more bitcoin during the dip, it’s encouraging to continue with DCAing because that’s what will make you enjoy the long term benefits of investing in bitcoin. Stacking the coins gradually will not make you feel the pressure of buying too much or spending much of your income on bitcoin.

Out of the three methods an investor in bitcoin can get to stack their bitcoin for long term, only buying at the dip cannot be determined or controlled by the investor. DCA and the lump sum method can be controlled by the investor when they wish for it to happen or not. The advantages of them from top to bottom comes in this manner dip-lump sum-DCA while the less risk part of it comes in this manner DCA-lump sum-dip.

Setting a targets is not the only thing that can bring a successful investment because the only way you can be able to set a target and achieve it is when you have a determination because when we talk about target there are so many investors who set a targets to achieve a certain amount of Bitcoin within some number of years but as time goes there desires start changing and they began to consider other method of investment because of greed, so actually in as much as making sure you have a targeted quantity of Bitcoin you wish to achieve but structuring your mindset and discipline towards it is what will help you achieve your targets because is not just by saying it but is by being disciplined enough to keep yourself steady into it.

At this stage, especially for us beginners, of course we are very happy to be able to buy at a decline because we spend a lot of time to get the opportunity to buy at dips. But DCA also runs every week and this is the step we apply to maximize the existing opportunities. Even though the views of some seniors here they don't care about short-term price movements, if we buy at dips, of course it's a pleasure in itself.

Apart from that, our target is for the long term and short-term movements do not affect anything because we are relatively focused on purchasing targets through DCA. Also, as you said, of course it is very true because in the steps to achieve success in an investment, focus is needed in every decision and for us, of course, that step is to buy routinely every week.

I believe that all of us have their own targets but the problem starts when we actually hit our target and we don't comply and follow the plan that we've setup. And the reason for that is the nature of human about greediness. We all want to see more, the better and higher price that's why even if we hit the target, we don't obey to our own plans.

Many have learned about DCA already. It's very convenient strategy that no one will pressure you when you should buy. You buy when you can.

DCA is not necessarily the best strategy for someone who already has a lump sum available.  DCA is generally considered to be a good strategy for someone who does not have a lump sum and they hare investing into BTC on a regular basis in accordance with their income (their disposable income which is what income is left after expenses).   Of course, if someone has a lump sum then they have options to invest it right away or to employ either DCA and/or buying on dip strategies, and so they should account for their own situations, which includes considering if they already have BTC or if they might supplement their lump sum (if they were to buy right away) with a DCA and/or buying on dip strategy.

Many times in this thread we discussed that DCAing tends to be better for beginners to establish a bitcoin position from their income, and surely the more bitcoin that the newbie bitcoin investor accumulates, the more options that they might have to employ techniques that are not buying right away, even though each person has to figure out those kinds of matters for themselves, and it seems with bitcoin beginners might need to spend 4-10 years or longer just accumulating, and at some point in that accumulation journey there might be choices that may or may not end up being correct ones (but hopefully they are individually tailored) to move away from DCA strategies and employ other BTC accumulation and/or BTC portfolio management or maintenance techniques.


After all of these years talking about this buy the dip topic, you should realize and appreciate by now that there are always tradeoffs for anyone who decides to hold back value in order to wait for dips that may or may not end up coming.  

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.



The advantages of DCA does not reduce the average cost of the investment.  Why do guys keep repeating such nonsense?

DCA allows you to figure out an investment and system and amount that is comfortable for you within your budget and your psychology which also allows you to buy BTC regularly, and it is most likely that someone doing DCA will end up with higher costs per BTC rather than someone who is successfully able to time buys, but timing buys tends to be a bad idea, so the DCA person may well even do better in the longer term than the one timing buys including that the DCAer would have had been more comfortable in the process and may well would have had been able to be more aggressive in his accumulation without jeopardizing his finances/psychology which may well end up with more BTC accumulate.. perhaps more cost per BTC, too... but should still be worth the whole matter to go through the DCA strategy rather than fucking around trying to figure out whether a dip or not and not investing regularly, persistently and consistently.. ..   The longer the period of time, the less likely anyone trading or screwing around with trying to time the market is going to beat the regular DCA-er even though anyone who is accumulating BTC can choose their strategy in accordance with their preferences or their perceptions of how smart they are in regards to anticipating BTC price movements.


I already responded to this idea above.  If you have a lump sum you have options, you don't need to DCA it... you can choose to invest it all right away.  It is not necessarily the best thing to DCA the lump sum, even though you can consider whether to include that amount in your DCA amount or buy right away with it or buy dips with it.

DCA tends to be a strategy to figure out how much discretionary money to use for buying bitcoin and then buy within discretionary income, whether that is buying weekly or using some other regular buying interval.

The Dollar Cost Averaging method is an investment strategy where you can buy any amount of Bitcoin you can afford to reduce the average cost of the investment. Even if you don't have a huge amount of cash ready to invest in the initial stage, you can easily start investing with a small amount of money through the DCA method, which is accessible to many.

It is enough if you have $1000 dollars to invest. You can start investing even with this amount of money, first thing you need to do is to make sure how much to invest and at what time to invest. If you want to deposit using $1000 to buy bitcoins on weekly or monthly basis then first divide your total investment amount i.e. $1000 if you want to invest every month or week then you can choose $100 per step. While investing in this method, there is no reason to worry even if the market is going down because you will get the opportunity to buy more amount with the same amount of money during the deep season in the market. While doing DCA your average cost of investment will remain the same even if the market goes up or the market goes down.