Topic: Buy the DIP, and HODL! - page 199. (Read 135585 times)

Why even bother postponing, when you ain't even sure of the next price. You see, procrastination is literally what makes these set of people to postpone buying of Bitcoin at a certain price when they understand that Bitcoin might barely return back to the exert price of their expectation.

Take the last long bullish trend that we experienced as an example. After Bitcoin met its ATH after the ETF approval, we noticed it still maintained a certain range for weeks. And there were certain people who had procrastinated about buying even before the approval of ETFs.

Knowing how well rumors can impact the market, we might just see Bitcoin rising again and maybe even touching 68K in a short time. There is no perfect time to buy, I think the current $64K looks good enough. Trying to look for a dip lower than this won't do any good.

On the contrary starting now if you have not is the right decision, however Is sad to see that even after learning from the mistakes and wrong decision most people has made especially the starters on their Bitcoin investment you will still like to repeat it again because the regret of most people has been that out of their desire to buy Bitcoin when it gets to a certain price and they ended up not buying at all because while they feel that is not the right time to buy Bitcoin that's actually when the price is moving more higher, so actually that Bitcoin price has not shown any particular direction is moving doesn't mean that is not good to invest now, so if perhaps you feel that this is not the right time to buy Bitcoin, then when will it be okay for you? However considering how the price movement was few months ago and people were also feeling that Bitcoin will drop more before they start buying but before they realized themselves it was already a regret for them, so as a holder it doesn't matter what the price of Bitcoin present at the moment but instead what is more important is your consistent accumulation because to be able to have a sufficient amount of Bitcoin in your portfolio you will remove the idea of any possible dip before investing.

You are right focusing on the future of the investment is very important because that would be your guardian that no matter the unforseen circumstances such challenges, speculations and Bitcoin price movement will not have any negative impact on your investment because your goal is to see what your investment will worth for you in the future, so in other words determination is one of the major factor to the success of achieving that.

Those who are new to such platforms are a bit hard to believe because they are buying a virtual coin with their hard earned money that they don't realize the real existence of the coin. An old member and those who have invested in Bitcoin multiple times may not remember these before investing but a new member can remember them and they can definitely ask an old member about these things to get clear about them. But over time we must have some understanding of all these investment platforms and from that understanding we must place our trust in all the coins we invest in including Bitcoin. If we don't trust the coins after investing, then we can't hold that investment for a long time.

There nothing like right time in bitcoin's investment, every moment that arises is great opportunity to invest so long as you apply the right strategy. DCA is a game changer  giving you edge over market conditions, just keep accumulating bitcoin and increasing bitcoin stash. Whether you are buy during dips or going for lump-sum investments, as long as you are in it for the long-term, you willl benefit from Bitcoin's potential growth. Stay focused on that long-term vision.

I agree with you here. There are a lot of things that human cannot be satisfied with and Bitcoin is one. As much as i know, every investor would want more and more Bitcoin in their portfolio. But what baffles me the most is that they want to see it grow and multiply yet they do not do the necessary things to make that happen.

Once something works for you then you may likely repeat it often. If one is successful in investing in Bitcoin by reaching their required goals and target.  I will be petty much happy to see that such person takes another goal or target and achieve that as well. Repeatedly if possible, as long as the finance or capital is there to achieve it.

I don't understand were you are pointing at; I grab the point of the market in sideways and not good for investing now because of uncertainties.... I disagree the market has always been an uncertain market of which we all invest, accumulate in a probability game.
You talking about DCAing to accumulate and the market not good for investing now, Is there any difference between both? Because I know accumulating, DCAing is investing approach done by Retailers, small investor like me and you aside Big firms...Is not same money that is used?

As I would always say "waiting solves nothing or shades neither avert any uncertainty in the market". What will be will be, there is no right time for investing in Bitcoin, and investor simply needs to take a calculated risk and beware that anything can happen because it might Dip more or Pump same time of which no-one knows in essence all ends in probability and not waiting because of sideways movement, whatever.

Actually I don't know your own definition of dip but for me I don't think the Bitcoin price is dipping but instead I believe is only going through some consolidation process which is normal on every market, I know that the price of Bitcoin has been on this way for some time now but still I don't consider it to be dip, however sometimes I feel somehow whenever people have the mindset that buying the dip will give them good profit because it actually sounds like the person interest is on trading, though I'm not disputing the fact that there could be some certain advantages buying the dip but it shouldn't be obvious that the main reason for it is because of profit because  what you must know is that with or without buying any dip you will still be profitable in the future if you are consistent on investing on Bitcoin and not relying on dip for profits.

Now is not the right time to invest your money in Bitcoin, because currently the market is in a sideway position and most investors are just waiting. It's better to hold and see how the market develops because currently there is a lot of market uncertainty and at any time the market can drop. But if it's just DCA, that's not a problem, you can accumulate it from now on and hold it for the next few months.

For people thinking to start with their hodl journey then anytime is best to accumulate, but for people doubting then say that they wait for the dump then the time they are waiting for has arrive. If they still doubt to accumulate because they got afraid in ongoing situation then I guess nothing will happen to them and for sure that in future they regret their decision again for skipping the perfect chance to accumulate when the time they are waiting for occur.

Crypto winter is not yet confirm as we see bitcoin still surviving and stays at $65k and people should not afraid on that situation since we are aiming for long term and not those short term happenings. But if that time would really came then its time for us to accumulate some discounted coins while that situation happen.

Now Bitcoin deep market is going on at present, so if you invest during this time you will definitely find success.  Because success will come in the way that you get the maximum benefit at the highest cost. And the ideal investment would be if the holders invest most successfully in the current period.

This is a process which can take some time, I remember than when I was a newbie many years ago, the movements of bitcoin scared me, and while I liked the technology, I was not sure if I could withstand so much volatility.

But by the time the crypto winter of 2018 appeared, I had garnered enough experience to not sell my coins for a loss at the time, so I am sure that someone that invests on bitcoin right now, has enough time to learn to accept the high volatility and become a successful long term holder.

Those kind of investors that gets to worry overtime will eventually change their minds. I have been there and I know what they're going through because the market is unpredictable.

But when you get to know how Bitcoin as an asset and investment moves, you'll understand it that there's nothing to worry about. Like now, there's a sudden correction that we're seeing and it's a normal motion.

And those worried investors might not be seen with passion but they'll have it soon once they get used to how the market works. Time after time, they will understand that there's nothing to be worried with once they start to notice that their portfolio's are up.

It's only a matter of time and experience and they'll be like us as firm holders that worries even if we see 10% drop or more.

In fact depending on your path to Bitcoin investment, the more Bitcoins you accumulate the better your future will serve. But the most important thing in Bitcoin investment is depositing Bitcoin repeatedly in DCA method.  Whenever you deposit bitcoins with DCA method you will start getting success instantly. This is the maximum effort if you can buy the dip in Bitcoin buying, of course you are most likely to buy the dip by means of the DCA method.


But it is most important to plan your investment for the future. But most of all you need planning to save the investment. Because if planned properly the investment will continue to progress into the future, but I like the DCA method the most when buying bitcoins on a weekly basis. Because whenever you can buy bitcoins weekly you can instantly buy bitcoins in the deep market frequently.

Yes all what your saying is correct about human nature , I don't argue about natural feeling when ever investment is going down because expectations of every investor is that their  investment should be going higher but this can only affects those that never know the market and how Bitcoin investment work from the beginning or those I called spy investor in my way of defining the category of investor their Target is always to quickly take profit as in form of trading, but those who have future focus on the investment don't look at the swing of the market or investment but focus  most on long term results and this kind of investor don't panic in any condition the Bitcoin is going through because they know it's just a temporary thing but those I called spy investor always panic because their investment is short term without a base of future focus. There is no doubt that those that complain most when little shift occur in Bitcoin is moreless short or trader in the system a real Bitcoin investor with long holding and accumulating hardly complain much or even have a rethink because he knows that such swing will always happens as normal thing and it has nothing to change in the investment as much as long term is concerned.

An investor who always get worried over his investment on Bitcoin because of some little move he saw on Bitcoin price movement is obviously not ready for an investment because one thing he must understand is that in as much as Bitcoin is a very good potential investment doesn't mean that it will not go through some ups and downs on the process because for someone who has a good dream of the future of Bitcoin will never allow those things to affect his psychology on his investment, however that's actually the difference between those who have serious passion and desire for Bitcoin investment and those who came to Bitcoin investment only because they believe they will make some profits in the time to come.

I have tried reading down your write up it still got me confused maybe you wanted to quote some one else which I don't know. But talking about buying Bitcoin at favourable and unfotable price which I believe you wanted to say unfavorable that it is not professional if I get you right I believe that is what you mean, but I want to tell you that with your DCA strategy you can buy Bitcoin at different price level without checking if the price is favorable or not which shouldn't be your concern, as long as your discretionary income is intact you can accumulate more Bitcoin at different price level either weekly or monthly with your DCA strategy and hodl for a longer period of time 4-10 years as the case may be.

I think the essence for DCA investing bitcoin is for one to be a able to afford a fixed amount to invest in bitcoin but when one is investing with the fund that can't be afford to lose that means the person is going contrary which can end up as a bad investment because of the volatility of the market. The DCA method has made investment to be very easy for everyone and for people to invest without fear of losing and for one to be able to have a reserved fund that can be use for emergency .

It is out of greed people invest with the money they can't afford to lose because they want to make quick money and huge profit, people make this mistake because of lack of understanding.  Someone who truly understands bitcoin and the market will never use all the money they have to invest bitcoin because it is a wrong investment plan that will result to nothing.

That  is the importance of a DCA strategy,  whether the conditions of the market are favourable or unfavourable  DCA  helps you to keep accumulating  bitcoin regardless of market performance. DCA helps investors stay focused in their long-term goals acumulating asset (bitcoin) consistently and efficiently despite market conditions.
This question where also asked from the inception of bitcoin 10-12 years ago, there where many who doubted the potential of Bitcoin just as you're asking, and they failed to capitalise on the  opportunities bitcoin presented at that time, so many have testified of their regret. When we look at the pace at which bitcoin grew over the period , commanding good amount and competing with so many other assets (e.g real estate, land, gold and silver ....etc) that where in existence many years ago before its birth  it shows that bitcoin  has the potential and grow for many years to come. It's essential we keep an open mind in bitcoin while accumulating to build a good portfolio rather than ask questions that can bring uncertainties to bitcoin investment.

what people need to be able to focus on their investment is they need to think about the big picture of their investment and invest the money that they are ready to invest. because there are many investors when doing DCA they are not ready to use their money for that, and when the market experiences a shock, they end up worrying about their assets that are decreasing in value, and then they sell some or all of their assets because they are not sure about the market. that's why the key to DCA investment is how someone can be consistent and invest some of their money that they are ready to invest and let it grow in their wallet.

One relatable human behaviour is about always wanting more, in every aspect of our lives, most especially when it comes to the point of financial achievement, it is noticed that no matter the money already made, we still strive to make more, same goes to Bitcoin. First, it is a matter of ones decision, let the mind be willing then it becomes a habit of consistently wanting to go beyond our estimate or target budget. Since it is something done with an open mind, then many investors will not see it as a big deal to generate another budget after completing one already.