Topic: Buy the DIP, and HODL! - page 17. (Read 128946 times)

The price of Bitcoin going back down to a $50,000 or a $70,000 price-point is TEMPORARY, and it's not a forecast, a theory, or a mere hypothesis. It's a FACT! Why? Because the Federal Reserve and many Central Banks around and across many regions around the globe are always printing money, and their government entities always increase government spending.

Satoshi "hacked" the financial system.

It is possible for some people who have been investing in Bitcoin for a long time or who have been buying Bitcoin gradually in previous years to enjoy some gains now that Bitcoin has passed the $100K price which is a very high support and resistance level for a long time. But I still think that for now there will still be a lot of holders and will not immediately release Bitcoin into the market when they see the price as high as today. Moreover, from some news that I have read recently, it is said that the United States will also be very pro Bitcoin and will make Bitcoin a fairly strategic state reserve asset by the end of this year.

In addition, Donald Trump himself also really likes Bitcoin so what he said about Bitcoin could have triggered more purchases by people who have a lot of money so that this extraordinary increase has occurred at the beginning of this month and of course this has been a very happy moment for Bitcoin holders so far because their hopes have been fulfilled through Bitcoin.



Source:

• https://pintu.co.id/news/116643-amerika-akan-menjadi-negara-paling-pro-bitcoin-pakar-membayangkan-cadangan-strategis-btc
• https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/

To me, it seems best to be a bit loosey goosey with your longer term targets, and perhaps if you are brand new to bitcoin, you might want to try to achieve the investment of at least 2 years of income into bitcoin in the next 10 years, and so that would mean that you are aiming to invest at least 20% of your income into bitcoin, yet you might not know how many bitcoins that will get you or what the exchange rate will be or whether bitcoin might go up or down during that time and/or by how much.  So you are controlling for what you can, including that you might not even be sure if you can maintain a steady income for the next 10 years, yet you are going to strive to maintain a steady income, which surely is something more in your control rather than figuring out how many BTC you might have had been able to reach in such a time.. yeah, you might still have some ballpark ideas, yet you might still be guessing too much upon too any unknown variables during such time frame.


Yep.. DCA allows us to choose whether we want to be aggressive or whimpy in our BTC accumulation...and we are able to structure our level of DCA in accordance with our discretionary income, so if we are spending most of our discretionary income on BTC, then that would be considered aggressive.  There is nothing wrong with being aggressive, as long as it is not overly aggressive.


Generally speaking aggressiveness versus whimpiness has to do with the level of your discretionary income, so if a guy (Guy 1)has a $2k per month of income, and $1,500 expenses, and if he choose to invest anywhere between $80 to $125 per week that would on the side of aggressive, and if he chose to invest $1 to $20 per week, that would be on the side of whimpy.


Sure there can be differing levels of income and so guy 2 has and income of $20k per month (which is 10x higher than guy 1), and his monthly expenses are $15k, and for him investing $800 to $1,250 would be on the side of aggressive and $10 to $200 per week would be whimpy.

Of course there are other issues with guy 2 in terms of questioning whether his expenses need to be as high as they are, so guy 2 might have a lot of room to cut his expenses, as compared with guy 1 might not have as much room to cut expenses.

This is my first time on this thread if I’m not wrong 😑
Not everyone truly understand the DCA, and a lot of people to understand how to apply it but to break it down, DCA simply has to do with consistent buying of bitcoin at every possible time regardless of the market price and every other factor.
Over the time, it has always been advices that bitcoin investment shouldn’t be treated like a get rich quick scheme just like the way most misinformed investors see it to be and that’s why, it is always advisable to use money that isn’t intended for other things to invest in bitcoin but rather using the money left after all our bills have been paid and money for every other things have been set aside as this will help the investor not to temper with their investment.

Personally I think this is a welcome development and another hope for all holders because at this point there is more hope to hold more as it is now believed that bitcoin is here to stay, just as bitcoin has continually proven itself to be reliable.
I know the massive rise in the price of bitcoin will also attract a lot of investors and a lot of people are already looking and expecting the price of bitcoin to hit $200k which will know is achievable but I think we shouldn’t amount any pressure and over expect so much h from bitcoin as it already done so much but rather will should ride with the wave and accommodate more of it.

Goodluck and we’re now rooting for $150k😊

Says who? Your reply to my post is just unnecessary, do you think you are talking to just a random investor who lacks experience? The issue with some of you is that you are too fond of yourself, and perhaps you don't read one's post very well or just don't think it through properly before you start ranting. Where did I write that you use the money for a pressing need to buy Bitcoin? Go back to read it, but this time, let it stick, I wrote "extra money." Now go to your dictionary to check the meaning of "extra" perhaps it will educate you better.

Finally we are at 100k, a price we were looking for many months. Bitcoin once again achieved another high value, we can't say what lies ahead may be 150k or 200k or may be price goes back to 70k or 50k, everything is possible with Bitcoin. There is no guarantee of bitcoin price.
Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

Perhaps I usually refer people to one of JayJuanGee's works ( JJG’s Outline of Bitcoin Investment Ideas) and I recommend using his strategies of self examination before investing in bitcoin, its paramount that any one investing in bitcoin should first look in to what JayJuanGee calls 9 principle individual factors, if one properly consider this 9 individual factor he or she wouldn't find themselves struggling with his investment as it has solved a lot of problems that might occur in future. unforseen circumstances cannot be avoided hence one needs to prepare for them but properly examining his or her incoming using the said strategy.

You're right! waiting is not always a good idea even in other investment especially bitcoin because the expect entry price may not come hence one is liable to miss out for this single reason. and this one of the reason why DCA method is widely encouraged to prevent the complaints that came from people who sticked to buying the dips as some came in late because they where hoping for a retracement in bitcoin price while the market was full in a positive move and hence they couldn't enter as they expect. Perhaps I do not discourage any investment strategies but it's best to remain consistent with an amount you can afford to do without for a long period than go all in and struggle with selling which is never an option.

Nothing bad of increasing the cash flow if we are capable to do it and we have good source of income. Since there are scenarios which we want to add more money from our investment since we don't want to use it from other nonsense things. I prefer to do it especially when talking about bitcoin since there's many good things to happen on future and don't wanna missed out those good opportunities that I'm capable to add more money to increase the volume of my investment.

I think we don't need to be aggressive dealing with our bitcoin investment since simple consistency on everything we do especially for our accumulation is fine since as long as we are doing the right things for sure that we can hit those goals we set for our investments. When talking about comfort yes we should prioritize this one since if we struggle then there's huge chance that everything we do might get affected that's why we need to settle everything and make sure that we have to get multiple source of income so there's huge chance for us to succeed on our plans to go long term with bitcoin.

Am not encouraging waiting for the dip before accumulating Bitcoin if you understand me well I was only saying that people who may decide to buying during are those that has gotten to their Bitcoin target those that has been accumulating Bitcoin for long if not waiting for the dip strategy is a wrong approach to deal on Bitcoin, the dip should only be an opportunity or an added advantage for an investor to accumulate more and more Bitcoin during the dip because you are buying when Bitcoin price is low but it is wrong for someone who just started Bitcoin investment to start waiting for the dip before accumulating Bitcoin for it will delay your Bitcoin investment process meanwhile with the DCA strategy one can accumulate Bitcoin even when it is dip or not .

The level of your consistency irrespective of your investment amount can as well be seen as an aggressive investment, for example if you are comfortable making use of 50$ weekly or monthly that is your own level of aggressiveness another person can as well be comfortable investing 100$ either weekly or monthly which are all within their level of discretional income since we are all coming in to Bitcoin with different financial status or income flow. However, for me I don't think aggressive investment is proportional to investing under pressure.

For your set target to become effective, you definitely have to assign a timeframe to it. Because if you don't assign a timeframe towards your target, it is no longer a target, but a life long wish. Without a mapped out timeframe there is every possibility that the set target will be abandoned, and you will lose focus along the way. And there will be nothing to use as a measure to assess if you are making progress or not. Without a timeframe attached to a target,I don't think it will be easier to achieve a set objectives. It is also important to understand that setting target for ourselves helps us to maintain focus and it enables know if we are making progress or not in our endeavours. Our targets should our road maps, that specifically have a detailed information on what we want to achieve with our bitcoin investments, how we plan to achieve them. How our portfolio should be like at a certain number of months or years. I believe this will help us to remain focused and not be distracted by emerging events.

Increment is not specifically directed toward investment but however increment in your source of income which will help you increase your level of discretion which directly increase your accumulation. And the bonus we often get in work is not in any way included in the type of increment am talking about. Bonuses you received in your place of work is just an extra amount you can use to lump sum or buy bitcoin when it is dip or can be used for DCA for that particular week but doesn't mean it's a regular investment. In conclusion, I am not in any way assume that we should invest above our discretion but all I am saying is that we can do better if we increase our souce of income. Since increasing our souce of income will make us step up our level of weekly accumulation.

I am not in support of investing under pressure. All I am saying Is that we should not prioritise being too comfortable and lazy about increasing our investment even as we are not investing under pressure. If may ask, How can you invest agresively as little as you can? When you know that aggressive investment is proportional to investing under pressure?

There is nothing wrong increasing our cash flow which may apparently influence our investment allocations over time, perhaps there are also time when we may spend more or less in different weeks or months or receive bonuses in the office one can as well increase their investment amount, and when it comes to being aggressive that doesn't necessary means that it must be an increments in our investment allocation, one can still be very aggressive even with as little as comfortable they can be, I must say this, there is need to prioritize comfort towards our Bitcoin investment, don't forget is for long term hence any investment decisions made by pressure will negatively influence our investment or shortened our plans, the point is to be comfortable in terms of whether you are increasing or decreasing your investment allocation.

It's better a beginner that wants to start investing on bitcoin after figuring out how much of his discretionary income he wants to use to buy bitcoin regularly every week use DCA method to get started right away rather than thinking of any method because he is still a no coiner and needs to start accumulating bitcoin gradually by buying constantly every week with DCA for 4-10 years and above without thinking twice. However, if you have extra funds that you don't expect, you can lump sum with it.

Buying at the dip is not for a brand new investor, because you have to keep waiting for what you don't know if it will play out or not, wasting the time that you are suppose to be building and growing your bitcoin portfolio. DCA gives you the opportunity to buy bitcoin at different price levels which means, you buy both at the dip and when the price is high because you are buying constantly every week.

Surely you may be right by saying that our investment is meant to be within the level of our discretion whether to increase or decrease, but don't also forget that we can also do better by increasing our level of income to be able to have a good accumulation power, through increase in discretion. We must not be stagnant or pegged at a constant price of accumulation or source of income or having a constant discretion. So surely we should be aggressive sometimes knowing that bitcoin is volatile and will not wait for anyone, Don't forget that as bitcoin increase so do the gass fee increases, if we are too comfortable with our accumulation strategy or tactic and or our level of discretion we may be disappointed when gas fee will be very high that sending our weekly DCA amount of bitcoin to non custodial wallet, may be equal to bitcoin gas fee. Lets assume $20 weekly DCA  plus $20 gas fee equal to $40 total expenses if not for segwit Bec32 it wouldn't have been easy using bitcoin (btc) chain. so with time I think Bech32 will increase it fee . except you change your weekly investment to monthly, to reduce the gas fee. So sometimes we can as well increase our investment when our level of expenses has reduced.  

It has to depend on the targets that each person has for their Bitcoin holdings. As you know, individuals who are using the DCA method to accumulate Bitcoin do not all have the same source of income. We will not have the same amount of Bitcoin since we are making more money than one another. Some people set their goals based on their earnings, they plan to purchase Bitcoin using the DCA method and use the amount as the target number of Bitcoin they wish to hold. For instance, if some investors accumulate Bitcoin and get to one Bitcoin, they stop because that was the initial intention.

However, using the DCA method doesn't mean that you should only invest small amounts of money for accumulating Bitcoin, it also tells you to continue buying with as much as you can afford, which will not affect your other expenses. So it relies on how long an investor wishes to keep making purchases five years or more.

In choosing DCA as a Bitcoin deposit strategy, you have made a breakthrough decision which is much more effective and appropriate for an investor in modern times. Wealth is an important tool for human survival and if you do not have an abundance of wealth you do not have to be very educated to understand how difficult life is. Just look at the poor people around you and you will understand how difficult life is without money.

With the current price of Bitcoin touching almost $100k and even at this time, if anyone doubts it, they should ask them to compare it with their own country's currency. Since your parents are from the previous era and their Bitcoin, you should be informed about its importance so that there is no confusion among them. However, as an ideal child, you must respect them and continue to deposit Bitcoin through DCA so that your Bitcoin holdings continue to grow along with physical assets.
To continue investing in Bitcoin for the long term, you should have a source of guaranteed income and try to increase your Bitcoin holdings with the growth of physical assets using DCA. If you can complete a 4-year cycle during your efforts, you can inform your parents about the growth and compare it with physical assets so that the importance of Bitcoin becomes clearer to them and they are more motivated to save more than two cycles.

If you are opportune to buy the DIP then do so, the whole idea is propelled towards accumulating quality amount of Bitcoin. It's about time we don't give a f**k about independent strategies, the best we can afford is the comfortability in terms of accessing and distributing funds inside our portfolio. Using the DIP is same way profitable as using DCA, either way around the journey someone with the DIP mindset can actually make more profit than person using the DCA approach, the actual reason is availability of investment capital at each point.

An investor with a double cycle experience that has well established portfolio can particularly take on the DIP regardless, since they are having the best of time and more relaxed than those of us investors who are just beginning or at the peak of our journey, what is left for them is to maintain their portfolio which they could do so by using the DIP part of the market to their benefits. More likely, even for a starter or a peak investor, both strategies can be fully compressed.

DCA strategy is really an effective and very effective method for Bitcoin investors which can bring the investor a life changing success in the future. Investing consistently without worrying about market fluctuations is the best investment strategy.
You choose a percentage according to your income, which does not interfere with your daily life due to regular investment. You invest a comfortable amount within your means, taking unnecessary excess risk can negatively affect the financial condition of the investor.
Follow DCA, and deposit Bitcoin consistently, plan long term, (at least for 10 years) and gradually build a Bitcoin stash. As a result, you will definitely achieve extraordinary success in the future.

Buddy no one is suppose to wait until Bitcoin price dips before they can buy, whether you're a new investor or old folks as far as you understand the effectiveness of DCA Method to your accumulation process I think you wouldn't be taking about buying the dip, you keeping accumulating with DCA method at all time whether the dip or upsurge but it must be with the amount you can continuously buy with, the thing is people don't understand this investment called Bitcoin and that's why they find it difficult to scale through in the investment, no one will advice you to invest with an amount that will keep stranded in this business and if some one does that, then you shouldn't listen to that because you know your pocket so why will you go ahead to act unwise when you know what is likely to happen, bitcoin investment is very easy but it all depends on our level of understanding.

The number of years one has accumulated Bitcoin is not a criteria for such person to decide to buy the dip, I have never said buying the dip is bad but I have always said why buying the dip when we already know a good strategy to get this things done as we can all the time,
As an investor discretionary income should be available to enable you accumulate your bitcoin freely without being pressured to withdraw or stop your investment halfway.