Topic: Buy the DIP, and HODL! - page 232. (Read 135954 times)

You need basic knowledge about bitcoin so that it will guide your bitcoin investment to success. If you invest in bitcoin without having any knowledge about it, you will not know that you are supposed to make provisions for reserve funds for at least three months that will help you solve your unforeseen problems in the future. And you should also have the knowledge that bitcoin is not a quick-to-get-rich thing so that you will know when it is suitable for you to start your bitcoin investment. Also, you should know how to protect your bitcoin wallet private key from people so that you will not lose your bitcoin and also know how to keep it safe.

Stay well informed and up to date with basic concepts and precautions in view of depositing Bitcoins. Aligning investments on a monthly basis and even ensuring that all the needs of self and family are met. Most new investors start aggressively initially, over-emotional due to their lack of knowledge.Only because of this mistake he deviates from long-term Bitcoin accumulation which is a very painful experience given the investment. All his hard work may go in vain if he does not keep a floating cash system, he is also advised to keep enough money for emergency needs. It is very important to keep this preparation initially before investing. If someone can save even $50 per month without investing aggressively in the beginning, he can be successful in the future. For example if an aggressive investor makes $150 he invests most of his disposable income but after a few months he may be insolvent. And there is no other way but to withdraw the investment.

going into learning the technical aspect of Bitcoin isn't necessarily for most newbies to be honest, as someone  that's not all that old in the system I understand how deficult it was when I tried doing all the self study because I needed to get all things figured out before even starting but along the line I got to know that it's better to just start with a simple amount and then look for what's happening in the system and then do your analysis from there should you use a bigger amount.

What I mean is this, instead of telling a newbie to get all too complex about knowing everything about the price movement of Bitcoin before investing, what happens if he starts investing with an amount that's as small as $10?  As his DCA amount while he follows up the process and grows in his mental knowledge while still investing. If you don't find a comfortable point to start before getting all the complex knowledge, there is no possibility that you will eventually start at all cause it might get to a point where investing into Bitcoin might seems too complex for you and quiting might look like the only available option. Till now, I don't really stress myself about the Bitcoin chat that relates the past movement of Bitcoin price with what's obtainable at this moment. I only have to know that Bitcoin has grown over the years from almost a zero value spot to what it currently his at this moment and that it has a higher potential of doing better than it currently his at the moment at that's just the basics I need. maybe other important issues that relates to my security, the best wallet to use and other important concepts can come with these but I must not necessarily know everything before eventually starting.

the only condition that will possibly make the person to get bothered about what you call an unexpected movement should be if the person is HODling for the short term or investing into an altcoin or meme coin. If the person is fully investing into Bitcoin with long term plan, what you call unexpected event which to me is same as saying "bearish seasons" are added advantage that can help the fellow to accumulate a good chunk of Bitcoin at that time.

Yeah, it's necessary they understand that Bitcoin is a volatile asset and that by that, there might be occasional correction that comes while they HODL but those kind of information makes more sense when the person's already have some quantity of Bitcoin in his portfolio. The best thing I feel every newbie that's ready to invest into Bitcoin should be made to know is that they shouldn't invest into Bitcoin for the purpose of seeing returns immediately. As long as they have accepted to go with you for at least a period of 4 years without talking about the need to take out there asset, then you don't have a course for alarm regarding any kind of issues that comes along the way.

@zacks5000, you don't seem to understand the logic of that bolded sentence from what @speedbitcoinwallet was saying, his emphasis was more of asserting that due to volatility timing the market can be very impossible that although technical analysis can give a clue and he goes further to talk about consistent buying through the dca strategy in other to mitigates the price fluctuations over a long time of offering a potential store of value.

@zacks5000 I think you have gat what speedbitcoinwallet all wrong.



I don't think that really makes too sense, having a basic knowledge is far different from not having any knowledge  and that sounds too awkward hence, acquiring a basic knowledge is what is required of before investmenting with hope of learning more on your way up, of which certain considerations or factor are very viable as to that regards which includes:

1. Your income flow (understand your the level of your disposable income)  after taken care of your personal needs to a provitional emergency funds

2. Your risk tolerance level

3. Methods of buying (lump sum or dca)

There are basic knowledge one should get before venturing into any form of business or investment, it is going to be a disaster entering into any investment without any basic knowledge.

Beginners might get overwhelmed if they try too many strategies for Bitcoin investments. It's crucial for beginners to establish a strong foundation and grasp the fundamental principles for better strategic planning. Understanding the significant cycles that Bitcoin has undergone can make a significant difference for beginners. Starting with the DCA Strategy can be beneficial for beginners who may struggle with allocating their funds among various strategies. Confidence plays a significant role in investment success but in Bitcoin investment it's essential to have a good understanding of Bitcoin and the reasons for your interest in buying and holding it. Some individuals are still unfamiliar with Bitcoin and may require guidance especially beginners looking to invest in Bitcoin. In this modern era, Bitcoin presents itself as a promising investment, especially for old age. The price of Bitcoin can be highly volatile, so it's essential to only invest money that you can afford to lose. If the price experiences a significant drop, there is no need to worry if the invested funds are not crucial for other aspects of your life.

While many prominent companies are still acquiring Bitcoin there are still many individuals who may not fully comprehend Bitcoin potentially due to living in remote areas or facing challenges in accessing the internet. For those of us who have purchased Bitcoin during price dips or using DCA strategy, it's wise to hold onto our Bitcoin for the long term.

They will only get confused if they don't fully understand what they are trying to learn. But if they could able to have focus on certain things that need to take care first like learning on how to execute well the DCA method then after they learn that they jump on technical aspects on bitcoin movement then for sure everything will be aligned according to the efforts and planned they do.

If they don't fully understand bitcoin and how it move due to market volatility then maybe they should not jump on the idea that its time for them to invest since they are so very raw and they need to learn more first since they have huge chance to get affected for certain unexpected movement which it can affect their decision making.

Bitcoin is really promising and there's no other coin that offer the same which also we can rely on that's why its better for people to understand first the methods they want to use so there will be no problem will happen in long run of their investment.

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

Exactly  now you get the point.... it will be very stupid to wait and learn when the price of What you're learning keeps appreciating day by day.
Once you're determined  then the investment should started ASAP without any further delay and the best strategy beginners could use without even knowing anything about bitcoin  is the DCA strategy , its  simple and straightforward ...
Besides, learning to me is a continuous  process which might even take forever so waiting  to learn before investing when you think you know it all ( that person must be a clown) is so dumb, although as a beginner  you need to know some basics like choosing a wallet and keeping it keys safe( that can be learnt in just a day), he/she will be holding  there's  no need for getting too much In learning about the technicals as a beginner although understanding how transaction works while you invest could be a great idea so you won't get your self stucked up with alot of inputs on the long run, focusing  on your DCA strategy will be the greatest advice for beginners  too even when they already learn other strategies, a time will come when there will be a need for other strategies which is definitely not at the beginning of ones investment  .

I I disagree with this statement. People who can't buy one bitcoin with a lump sum should not wait to buy every dip of bitcoin; they should start accumulating bitcoin with the DCA strategy, so they will not try to time the market and get delayed in their bitcoin accumulation journey. What if there is a dip and there is no money available to buy the dip? They will miss out on that bitcoin dip and wait for another dip to happen, which could have a negative effect on them to change their minds about investing in bitcoin. The DCA strategy allows us to freely accumulate bitcoin when the money is readily available without looking at the price of bitcoin because we can also buy bitcoin with the DCA strategy when the price is increasing or decreasing. Do not give a wrong impression about the DCA strategy; we have newbies here, and before they think the DCA strategy is not a good strategy to use in accumulating bitcoin, those folks you said they took out their money from their bitcoin investment, because of the discipline in the DCA strategy, they don't understand bitcoin and know what to put in place before they can start their bitcoin accumulation journey. I bet you that if those folks still accumulate bitcoin by buying the bitcoin dip alone, they will still sell their investments. The DCA strategy discipline is straightforward to keep; anyone who doesn't succeed with the DCA strategy in bitcoin investment will find it hard to succeed in bitcoin investment with another strategy or will not succeed in bitcoin investment.

I don't intend to belittle the potentials that Bitcoin holds, don't get me wrong me, and I think we are still pretty much  on the same page. However this part of our argument has been optimally explained@jayjuanGee that is if I get him correctly were he was emphasizing that whether someone invest $10, $100, $1000 or more per week or month in to Bitcoin, that the amount invested surely does have potentials to take away from our current consumption depending on how much aggressive the investor want to be in terms of the percentage of his discretional income to be invested which has different effect on the life of the investor.

I really want you to get this Very clear because probably you are yet to figure out what should be considered to be called a disposable or discretional income, even thou we have choices of what should be considered to be a basic needs, the bitter truth is that any one that can not satisfy what she or he considered to be his or her basic needs can never be successful in Bitcoin investment.

The clear picture of the disposable or discretional income is that one basic needs must have been meant the remaining should be considered as your discretional income, cutting down your expenses will only increase the percentage of your discretional or disposable income which determines what should be invested in terms of how much aggressive you want to be and not what you earned. Probably you are kind of confused about what exactly is a disposable income, even the money realized from cutting down your expenses is called disposable income because it is assumed that your basic needs has already been taken care of.

I really don't think it is logical or a good strategy timing the market, reason being that as an investor your primary concern Should be how much BTC you can accumulate or you have accumulated and be able to hodl for a longer period of time. Because timing the market will really be a total waste of time because Bitcoin is a volatile asset anything can happen, so you can enjoy with those that was accumulating more Bitcoin without timing the market when Bitcoin start doing wonders, so accumulating more Bitcoin now is the best strategy and also the right time to buy and to accumulate more Bitcoin using the DCA strategy regardless of the present price because the the amount of Bitcoin you have will determine how profitable you will be and also remember to hodl your Bitcoin for a longer time.

Your getting this way wrong Churchillvv, investing from your discretionary income doesn't mean that you don't priotise or have any value for bitcoin but it's rather a right way of investing yo ensure that it won't upset your financial balance or stability, look at it this way your discretionary income is what is left after you have paid up all your bill and remove the necessary expenses like food water shelter or othe bills like transportation and other very necessary expenses, then what ever us left is the discretionary income, yeah some might prefer to use this money to approach bitcoin more whimpy and allocate more to flex or enjoy with their floats, but sure its your choice to use that money to invest in bitcoin more aggressively.

The discretionary income is the spare money after after expenses has been made, you can use them to build your emergency funds, reserves, floats or invest all in bitcoin depending on the nature of other systems and how you like to approach your bitcoin investment.


You have to understand that what you use with your disposable income is optional, everyone has what they fancy more than the other, it's good if you prefer to use that money to build your bitcoin investment, but I still think you Don understand what a disposable income is.

For instance if I earn up to 1000$ and i have bills i have to pay like my transportation, maybe School project I am running, food expenses, electricity bills this are all necessary expenses that must be attended to before investing in Bitcoin

Let's say 100$ goes for transportation
                 400$ goes for project
                 150$ goes for food
                  50$  goes for electricity bill

What's left of that is your discretionary income which is 300$ left, you could decide to keep 100$ for floats in case of unexpected or luxury expenses, and 50$ for an extra reserve cash or what ever other systems your building and depending on your financial situation, what's left can go to bitcoin at once for DCA and if eventually your floats isn't used up totally  you can use it back for investing in bitcoin.

Everyone financial needs are different and someone with same income would have more discretionary income after expenses has been removed.

If the investor can manage himself and his investment perfectly then I see no problem with it. Let's not just look at this from one angle which is the negative aspect of it. Let's look at the positive aspect of aggressive buying too, there are people in bitcoin history who invested aggressively and managed it very well and became successful in the end. Provided you have set up things that will help successful hold your bitcoin without selling it off premature. Let's look at the golden picture here for people who invest aggressively, they end up having lots of bitcoin in their possession and stand a better chance of profitability. There are reasons why some investors tries being agressive in their buy, it could be that the investor is starting his bitcoin journey late, and he want to meet up some level of bitcoin. Provided you have the means to sustain the investment and run his life off it.

Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously.

Perhaps when one talks about investing in bitcoin, it is supposed to be a very important part of one's life that is worth cutting other expenses to increase the rate and/or level of your investment; your lifestyle can wait for a moment, but bitcoin cannot, so you must sometimes not make yourself too comfortable by investing a small portion of your income in bitcoin, instead take it upon yourself to make a better portion of your income count by investing it in bitcoin. For instance, if you earn $200 per week and your weekly spending for the so-called lifestyle is $190, and you have roughly $10 in discretionary or disposable income, is that a good investment? Absolutely not! So it's basically how much you earn and a percentage you're willing to give for the future, rather than what's in your disposable income, because bitcoin isn't like shitcoin, where you can put whatever you want, but you decide how much of your income should be invested in your long-term investment scheme.

For me I think that the logic should be, how much of your discretional or disposable income is what is meant to determine how much you should invest, and not how much you earn. for example, Mr A, can be earning $200 but can be making $190 worth of expenses in terms of his living expenses and a provitional emergency funds based on life style and left with only $10 as a discretional or disposable income, while Mr B can as well be earning $200 but spend less than $190 maybe $150, or $100worth of expenses based on life style, from the above example you can see that both Mr A and Mr B will definitely arrived at different amount of disposable incomes which is meant to determine how much should be allocated to your investment, every investor must understand how much of their disposable income after taken care of their personal needs and that of the provisional emergency funds inclusive, irrespective of the amount earned. The point is that it is your disposable that should determines how much should invest and not how much you earn and you should also know that expenses may tend to vary from time to time and what you only needed to invest with, is your disposable .

To buttress what JayJuangee has said, In a simple time or should I put it in understandable proverb; All fingers are not equal. Which means my own balanced aggressive bitcoin and your own balancing of bitcoin investment isn't same because we all do not have the same capabilities or purchase, there is to "fixed balance bitcoin investment as your level of income determines your own balancing of bitcoin investment. Since we all have our different capabilities of bitcoin investment it's our own duty to decide when our investment is balanced with other spends which are classified under emergency funds/reserve or float funds.

In other words, How much you earn should determine how much you should invest because if you invest too much you will probably get into some kind of trouble in your investment journey. Hence try to maintain a good investment habits, as far as your aren't impressing anyone with your investment but rather preparing a great future for yourself through the opportunity bitcoin has brought to us you should do it evenly.

I think that these points have been sufficiently explained, especially since the punchline is that you have to figure out for yourself in terms of your boundaries, and yeah, if you end up going over the boundaries, you might not realize until it is too late.  How can anyone else figure out those kinds of matters for you?  You gotta figure out how much of an emergency fund, reserve and/or float that you need based on your own balancing of matters.. and yeah, I cannot tell you that if you are worried about it, you should error on one side or the other.. that's up to you, but if you know all of the various factors with which you are working, then your putting them to the test and balancing them out with the passage of time, you are going to likely find out how much to put on one side or another he and there probably is no "perfect" balance, but instead something in the ballpark of feeling comfortable and/or sufficiently comfortable.. but maybe also a bit uncomfortable at the same time.

But yeah if you are stacking bitcoin for 4 years or more and you are getting close to having a whole years income/expenses in bitcoin, you may well start to feel more comfortable, but yeah, maybe you won't and maybe you might consider that you have to do more or change your tactics.. How can anyone else tell you how much of a balance you should enter into?


Why?  If you are a brand new investor, then why diversify?  and diversify into what?  shitcoins?  How about you have an extra disposable income of $100 per week that you are investing into bitcoin.  You want to diversify into something else with that?  Your $100 per week is not going to go up, but instead it is going to get diluted, and what good would that do?  Dumb idea to diversify for the mere sake of diversifying.. However, if you have accumulated 1-2 years or more worth of income/expenses in bitcoin, then sure maybe at some point it might start to make sense to have some other investments...

It seems to me that you threw in the idea of "diversifying in order to offset risk" because you wanted to sound smart... but without a context it makes little sense, unless you are just spouting out shitcoin talking points within a bitcoin thread.


Don't overinvest, then you won't have to worry about taking any out for 4-10 years or longer, and even if you have some kind of a goal of accumulating a whole bitcoin, that seems kind of dumb and arbitrary.  If you are starting now, and you are investing $100 per week, you may well not reach $100, even after 10 years of investing.. actually I doubt that you would.  You might have a chance of reaching 1 whole bitcoin if you invest $200 per week, but still who cares about how many BTC that you accumulate?  you invest according to your dollar budget and you likely want to accumulate as many as you can, whether that is 0.21 BTC, 0.5 BTC, 1 BTC, 2 BTC or some other amount in 10 years or whatever might be your intended BTC accumulation timeline.

Everything is said, for those of us who do not have enough money to buy 1 bitcoin we have to be smart, and buy in each dip, in each pullback that must mean a good option to buy, whether it is 100usd or what we have available, always It is a good option to do it, there is no need to invest, we are human beings who must learn to have and take advantage of the opportunities, to do the DCA you also have to have a lot of discipline, because I have seen people who say they will do it and then They take out their investment because they needed their money , I don't blame them, but they should have more discipline in that regard.

Fuck the word Crypto
You should be specific if it is Bitcoin or altcoins (aka shitcoins) rather than generalizing it as crypto as it addresses all the entire crypto market, in order not to be confusing and misleading. Because when people hear the word Crypto expecially newbies or new investors they might believe that is a scam not knowing to them that there is a confirm, trusted and legit one which is Bitcoin, In order not to send a misleading information to them  that BTC will be thesame as shitcoins that always failed out with no value.
So differentiating them will really make sense for it will be understandable to them.

Hmm, I get the point now.

Even without any knowledge, one can still start investing in Bitcoin and in the process of investing one can learn.

It's true because it's said that experience is always the best tutor, so if one that doesn't know anything about Bitcoin starts his/her investment, then he could be able to learn as he's investing.

One important reason I see that learning before investing is because, in the process of learning, the clock ticks and once the person isn't investing and learning at the same time, any opportunity that passes will not come back, and it will be very hard to achieve what has passed.

I took my time to read through your quotes concerning my comments and I see where the errors are. There's no investment without plans, but talking about Bitcoin investment, and putting the long term in front, it doesn't require one to gather the whole knowledge of Bitcoin before investing in it. As Bitcoin is concerned, one can not learn the whole thing inside Bitcoin. That's why, as one is accumulating Bitcoin, he will learn gradually (every day new ideas are added). Faithfully, if one is planning for a long-term investment, since it's a long term something he's planning for, he could learn a lot of things that he couldn't learn in the days when he hasn't started investing. If one has already started investing, Bitcoin is immediately fluctuating, he will learn a lot from the ups and downs of Bitcoin, and he/she could also be able to get more experience from there.