Topic: Buy the DIP, and HODL! - page 207. (Read 109096 times)

I bet to disagree with you on this, sir.
DCA method is not the only way to become successful with your Bitcoin investment and I doubt everyone that's accumulating Bitcoin is doing so through the DCA methord. Everyone has the way he gets his fund and this plays a big role in determining the methord he uses in his accumulation. Let's say you hit a project that's worth $200k and decides to invest $150k into Bitcoin and the rest of the money goes into a business that will keep you going for the period you hold on to your Bitcoin investments. Does it mean that if you refused accumulating more with the use of the DCA methord you won't be successful? Not at all. Different Individuals applies different methord to buy Bitcoin but the target is all centered at making profit and becoming successful with your investment and whichever methord you choose to use, as long as you're able to accumulate more using that methord, you will still become successful with it.

Well, that's true, this week we saw a market change where Bitcoin fell to $62500 and of course this is a good move to continue buying and holding. Previously I also said that at this time a good choice is to use the DCA strategy in the investments we make because when the market situation is red we still have money to continue buying. But if they do it with a lump sum then they will never be able to take advantage of dips to accumulate Bitcoin.

But make no mistake, if they are able to manage their financial flows well then when price changes occur of course they will still have money to continue buying Bitcoin. Apart from that, one other example is of course that we must remain focused on our principles of sticking to it and not worrying in the current situation. Of course, true holders must have a strong mentality and be ready to continue buying when the Bitcoin price is correcting.

Yes we all understand that the profit one get from bitcoin investment is proportional to size of your bitcoin holding. We all have different people with different financial capacity, so anyone who is investing 10% or 20% of their monthly salary in bitcoin is better than those who are not are not investing. Don't underestimate the power of DCA especially when it for a very long time. So people investing 10 to 20% of their salary in bitcoin for retirement purpose stand a very big chance of getting something out of it. Some people have more than 20 to 30 years before their retirement. Do you know that many people missed out on bitcoin investment because they think that their available funds isn't enough to invest in bitcoin, whereas you can start your DCA with at any amount you have. What matters is consistency and holding period. So 10 to 20% of someone's monthly salary invested in bitcoin for retirement purposese is not a bad idea. We shouldn't discourage people simply because we think that their funds are not equivalent to ours. DCA exist for all income class to invest in bitcoin.

I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors. 

Yes, for those of you who have been waiting for the market to bottom out, the opportunity has arrived. Those who have not invested yet should invest in DCA method. If you wait for the price to drop further, the market may go up. So it is best that you invest following the DCA method.

Those of you who bought high priced Bitcoins will not be disappointed to see the market down. You too continue to invest in DCA method and hold for a long time, hopefully you can earn a lot of profit. No matter what price you buy in Bitcoin, if you hold it for a long time, you can definitely profit.

Bitcoin actually has the dip season, where the market value of bitcoin drops significantly, making it possible for investors that don't have the money to buy the previous high value to start buying and accumulating.

Whenever you have the resource to begin your bitcoin investment journey, is not the same as dip, you can actually start investing let's say when the price was $49k, and after few weeks it moved for $53k,  that simply means you started investing when you had the money, and so far you've made profit of $4k and that's because you've held on for weeks.
However buying the dip requires you to have invested when the price was a bit lower let say $30k or even lower, and you start purchasing little by little using the DCA method.

Altcoins are just what they are known for, alternative coins. they cannot be trusted with long time investment, even when some of them tends to appear with some high market value at a particular period of time, suddenly before you will say Jack, they are no where to be found.

Now is basically a good time to invest because Bitcoin has turned from bullish to current lows. The Original Bitcoin Dip is currently ongoing, so it's a good opportunity for those who have saved up to buy the dip. Because investing in Bitcoin now will get you more Bitcoin, so invest DCA in Bitcoin regularly.

I have not heard something like that, but I will do some research on it to know for myself. Anyone who has been around bitcoin will not be worried about the little dip in the price; he or she will use the opportunity to accumulate more bitcoin at a low price before it rises again. For those who have kept money to buy the bitcoin dip, this is an opportunity to do so.

Bitcoin do have times that can be regarded as dip and that is when price retraces after moving upward to some degree. For instance, the price of bitcoin is at about $63k now after rising as high as $73k. A $10k drop can be regarded as a dip and a nice time for those who buy the dip to get more bitcoin at prices lower than the high it has created.

It is wrong to call buying altcoins diversification. This is a mistake that many people have made in the past and end up regretting. Bitcoin has all it takes to earn you the money you need and holding bitcoin is fine if you are not overwhelmed by greed. I took time to check all the altcoins that are being created and launched in the best of CEX exchanges recently, what they are doing is pure market manipulation where price pump today and dump very hard tomorrow, not giving people much opportunity to plan and hold for long. Those who have the mindset of diversification in this coins will end up losing their monies, this make the entire thing worse than gambling.

If you are lucky to know about bitcoin and how beneficial it is holding it for long, you should not think twice about starting your bitcoin journey and see how happy and proud you will be with yourself in few years time.

Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.

While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.

The more an investor invests in Bitcoin, the more experienced and successful they will be with using the DCA method. I would like to say that DCA method is the only way people get success, an investor divides his investment into several parts and when he buys his average price control comes. And later if he accumulates bitcoins then he accumulates more bitcoins there too.

funny enough, those that could not buy last week because of excuses will not still buy now that Bitcoin price is down by $10k. It has never been about how well you time the market before buying, it is more about setting how you want to be buying on a regular bases and remaining with that strategy. Early this year, Bitcoin was at a serious dip and was down by at least $30k compared to the $72k it got to some days back and somany persons didn't buy and I guess they are still waiting for Bitcoin to drop back to $30k before buying.

This is one advantage of buying with the DCA methord. Even though you buy by January when Bitcoin was around   $40 and  February when it went too high to $62k and also at the new ATH when it went to $73k, if you continue with this trend foe the next ten years, you will still be in good profit because when you've finally taken the average at the end of the ten year interval, you will still be in profit because a new ATH would obviously emerge and the value of bitcoin at the time would have have double it curent worth possibly.

Look at the market today compared to where it was last week it is down $10k it presents a perfect
opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom,
be thankful of the discount which is presented now.

It just goes to show that the Bitcoin market always presents corrections and dips for everyone and anyone
to divert more FIAT. DCA can be practiced anytime and can be doubled up when there is a dip.

Interestingly I have been told yesterday that the ETF's generally dont buy during a dip, they apply typical
traditional market sentiment to the Bitcoin market and would see the current dip as a "Major Crash",
Anyone else hear about that? I wonder do they fear that the market could fall even further?

DCA method creates many benefits for investment for those who are new or old in the market. DCA is a safe method especially for those who are new and less experienced in the investment sector. Even if the newbie doesn't understand the market continuity from the beginning, using only one coin like Bitcoin DCA method will not harm his investment journey. Investing in the DCA system can become a threat if one's personal needs and family needs are compromised. It is important to have an additional income stream to keep the DCA system going so that both personal life and investment streams continue.

Investing in DCA method will make our investment much easier if we have a fixed source of income. Because when we invest with any money but we have to hold it ie we have to deposit that money. Even if we want to but we can't withdraw that money because we have already invested in Bitcoin if we withdraw that investment money then our investment journey will not be successful. For this we need to have a separate source of income from which we can use money for our necessary expenses.And we need to make a plan so that we can invest a certain amount of money in bitcoins on a monthly basis.

as much as we know that the quantity of our starched bitcoin determines how profitable our investment is, the decision to allocate up to 20% of our earnings or above is totally dependent on individual bases. There are people that are very stable financially and probably have double streams of income, they can decide to invest as high as 40% to 50% of thier monthly profit and if they can still do well in their business and personal life after allocating such portion of thier profit into Bitcoin investments, then making such decision will be to thier advantage. But for the context of this thread that brings together new investors that are still skeptical about a lot of things and might probably want to start off their DCA methord with an amount that's convenient for them, 10% isn't a bad start. old investors that can go as high as 40% because of thier level of belief and financial strength are still right on track. it's necessary we always create a balance between individuals level of knowledge and level of financial strength so everyone will stick with what applies well for them and not end up gambling with his investment.

The thing is to be flexible enough to know when you've grown past certain level and that's when the need to increase your quantity of starched Bitcoin becomes a necessity. For those that are already in the Bitcoin ecosystem for a while, no one needs to educate them regarding the relationship between the quantity of there starch Bitcoin and the amount of profit they intend to get out of their investment so putting in additional effort to increase the percentage allocation to our DCA routine is actually the right way to go.

That's right, I agree with that method. To start DCA it is not necessary to have a fixed income - if someone has an income only once in a while, if he is good at managing his finances, he can set aside a part of his income to be able to carry out DCA for some time. Even though this is quite difficult for some people, if the person is consistent and able to manage their finances well, it shouldn't be a problem for them.

The importance of healthy living can not be overemphasize, because nothing absolutely can be compared with our healthy living and it is part that leads to a happy and fulfilled life. In as much keeping up with our investment is important it is also essential in investing in our health as a case of necessity which it's enormous benefits are too numerous to mention in all ramifications of life let alone towards investment. Health is wealth and not prioritizing taking care of your health can lead to lack of that physical and mental abilities that is needed to grow your asset. A man who is saving up to build a mansion an and forgot to take care of his health may not live  to see the fulfilment of his dreams. It is best learning from other people mistakes.

Am sorry for your friend departure, but one thing I will like to say is that btc investment should not deprive anybody from taken good care of him or her self. You know people always misinterprete things and do things there own way , not knowing they are putting more problem to themselves.  Anybody who knows the concept of bitcoin Investment should have known buy now that Bitcoin investmet should be done in such a manner that It would not affect you physically, psychologically, emotional, health and otherwise. On several occasions when people tend to do there investmet plan by assuming to invest %50 or %40 of there investment @JJG always make reference of investing as low as %10 or %5 of there investment in other no to deprive themselves of there privacy and and family expenses or even touching there emergency fund. I believe if you friend was able to have participated in this thread or you changed his orientation on his investment strategy maybe he wouldn't have been death. What he lacks was Orientation on investment plan.

Thee is what they called self orientation. And this self orientation of an individual may end up misleading the person thinking it's the best life principle not knowing it is just a path way to quick ending. There was also a related story of someone who was working and saving money but not properly taken care of his body because he was saving money for an important thing, not knowing his life is more important than any other thing. But due to his ignorant of not taking proper care of him self, he had complications of malnutrition and lacks blood and other things which led to his total breakdown. He was forced to spend his entire savings to quick up his recovery in the hospital. After then he was alive but has no fund. So my advice to anyone is to take proper care of him/herself because if anything happens to you out of not talking proper care of yourself it might Leed to death or a serious problem that may eat up your entire bitcoin holding. There is an addage in my dialect which says" enwhe kuwa iri Dia ya onu kabu nka" meaning that monkey says the food he has in its mouth is not his own, a hunter may end his life at anytime but the one in his stomach is his own. So the good health we have is our health even as we HODL let's take care of ourselves.