Topic: Buy the DIP, and HODL! - page 246. (Read 140500 times)

Of course! Bitcoin holding for future is going to be profitable even if you can continue for long term with regular intervals. Usually 4-10 years target should be fixed as the duration of each cycle. A decent portfolio may take less time to go through the full cycle if your deposit volume is higher than usual.
It is strongly recommended to keep extra cash in the investment structure and duration as your financial viability depends on continuing to invest.

I can be characterized as a #Bitcoin    maximalist. Everyone knows that for me nothing else has ever mattered other than #BTC   . However, I've been doing a lot of soul searching lately, especially after this epic post and I have realized that a change in my stance is warrented. I'm sorry. I have to change.

I can no longer in all honesty, in all sincerity, ignore the enormous benefits I see outside of #btc    alone. So, from this point onward, I will also be recommending that you add #sats (Satoshis) to your weekly DCA program, if you can. I truly believe now that these two (#btc    & #sats) will secure your family's future for generations to come. I had to relent. I could no longer ignore the evidence.
here
It's #bitcoin    and #satoshis from here on out. #Bitcoin    Maxis, come at me. I'm ready. #stackharder
x.com/olvelez007/sta…

If a person have capabilities to invest with bitcoin despite of lots of obligations that he need to face on daily basis, that means he's rich or either he have good financial planning and make sure that he has something to save for his investment since he look forward to gain some profits in future since bitcoin has lot of potential for growth which possibly can give its holder a lot of profit. Yeah its good to think about investing on it now since we maybe cannot see any cheap prices for bitcoin in future since the price is continuously growing and for sure we will regret that we didn't buy before since the fear come to us first. So to avoid this kind of situation its better accumulate and do DCA or lumpsum method since if people continue to get afraid on situation that they are temporarily seeing then for sure that they cannot get something in future and remain doubting and regretting for decisions they made from the past.

This is certainly one of the best types as storing bitcoins for the future will be the best investment. The future will be a huge improvement in Bitcoin because the present time should look at the time. Because in the past its price was very low, but now the price of Bitcoin is more, and in the future, the price of Bitcoin can increase by several times more. So it is best to invest in Bitcoin from now on.

There are a lot of good benefits that come with DCA strategy, With DCA you can own up to 1 Bitcoin without feeling you actually have bought 1 BTC, and more importantly, it doesn't stop you from meeting other needs , in fact this is an investment relief strategy that everyone don't need to neglect, this is indeed a general investment strategy 😉 for everyone, both the ones that has small amount of money and for those that has big funds but don't know where to enter the market.

There is a lot of sense in what you said about bitcoin as a store of value, instead of saving up our money I'm faits waiting for it to get to certain amount before we invest, in the process of waiting inflation can set in and the money will lose value, just like what's happening in country, our currency keeps losing value to the US dollar on daily and weekly basis. Someone who finds himself in a situation like this, and saving up money to invest in bitcoin it will be difficult, because if you save in fiat before the end of the week or month the money value won't be the same. So in situations like this, is best to save it up in bitcoin, no matter the little fraction it gives you at the moment invest it and preserve the value of your money. Since at the end of the day the money you intended to save will still be utilized to get you the bitcoin, so getting it fraction by fraction through DCA will be the best idea.

This is part of an effort so that someone can still invest in Bitcoin even though they are spending much more on a daily basis for their own family. Investment is not something that is mandatory for everyone, but everyone who wants to experience profits and financial freedom in their old age. So it's a good idea to think about an investment from now on, such as taking advantage of the potential that exists in Bitcoin by continuing to buy it at a Dip price according to the capabilities that have been previously provided or with an amount that is ideal for everyone who wants to start it for themselves.

Bitcoin has a limited supply of 21 million coins and the current supply in circulation is 19.7 million or 93.83%, which means that in the coming years bitcoin will become increasingly scarce and that is what we are waiting for to see bitcoin reach a price of $100k or $200k. Of course it is true, as you said, investing in bitcoin is the best investment because bitcoin has a limited supply.  And one more thing, there are also many coins that have disappeared from circulation because the owners have lost their keywords or they have not passed them on to their children.

Investing in bitcoin is also better than investing in gold or other property because bitcoin development towards world progress is superior compared to others. Investors are competing to own bitcoin in their own way, such as regular investments or lump sum purchases, which in reality they continue to hold for the sake of a profit that they will enjoy for decades to come.

The DCA strategy is our mainstay in investing in bitcoin by accumulating it every week. With the DCA method, we certainly won't feel left behind by time as we continue to buy at each stage. At every opportunity we continue to buy and take advantage of the downturn to buy more aggressively, one of the strong factors is our determination for the long term as one of the hopes of turning our economy in a better direction than now. Everyone can become rich with the investments they make with bitcoin where they buy and hold and that is what we should do. You really have to have patience because we won't get rich all at once and we need time to prove it, whether it's decades or 5 years. 

Whatever funds you have can be immediately invested in Bitcoin because it can be purchased in the smallest denominations (mBTC). The DCA strategy will really help investors who have small amounts of funds to invest regularly in the long term, this strategy will also keep investors from missing the moment when Bitcoin prices are falling. Long-term planning will work perfectly when using money that is not used for other needs, investors must be ready to go through all the momentum that occurs in the Bitcoin market and most importantly not be easily tempted by the small rewards generated. The price of Bitcoin will continue to increase and its adoption will also become more widespread in the future, investing in the long term is not a bad idea to build the economy in the future because Bitcoin is one of the best ways to save money so that it is not affected by inflation and gets multiple profits.

In as much as we emphasizing much on Bitcoin in terms of investment (long term), Bitcoin also serves as a store of value, a save heaven offering protection against inflation hence attenting to save up before you invest might not be a good approach considering the fact that Bitcoin price can not be be waiting for anyone to save up before investing. However, since you might not necessarily be buying a whole Bitcoin, a fraction of it can be bought with as little as you have through the dca strategy either weekly or monthly on different intervals according to your financial situation irrespective of the
price point, as it can take fewer and fewer of Bitcoin to have a reasonable size, it will only take a longer period of time which is better than waiting to save up before investing, what is most important is understanding how much or the level of your spare or leftover cash (discretional or disposable income) after taken care of your personal needs and provisional emergency funds inclusive, if only you can be consistence with your dca strategy with as little as you have, it is better than saving up before investing.

It is not extremely mandatory to invest a specific percentage of ones income, some persons might be in a situation where they have little or much to spare due to the size of their family and further upkeeps. The actual process is to take out all expenses and funds for reserve then these left overs can be used to invest, going above the spare funds might cause tragic reflexes to one's investment portfolio. I support the fact of investing a fair amount, as long your income is able to cover all expenses and still remain quite a reasonable amount then their should be no hesitate to invest the ideal percentage.

A lump-sum buy doesn't necessarily mean you have to wait for the bitcoin price to dip before you can lump-sum. You can decide to start your bitcoin investment with a lump sum buy to help you accumulate a good quantity of bitcoin, and after that, you can stick with the DCA strategy to accumulate bitcoin either weekly or monthly. Unless you are on bitcoin for short-term profit, that is when technical analysis comes into play to help you read the market and have a clue when to buy bitcoin so that it will not affect you not to take your short-term profit when the bitcoin price is high. Secondly, technical analysis will delay your bitcoin accumulation journey because you will be waiting for the result of what you analyzed to happen before you can accumulate bitcoin, and if it doesn't happen, you will not accumulate bitcoin. That's why it's good to be in bitcoin for the long term so that you will not need any technical analysis skills before you can accumulate bitcoin. If buying the dip is your problem, the DCA strategy is here to help you achieve that because you will be accumulating bitcoin even when the price is increasing or decreasing.

It is a very positive thing for an investor to have an emergency fund plan to make his investment last longer and guarantee his investment. We don't always have money or the amount of money we are currently earning will not be the same in the future so we can create an emergency fund just so that our investments do not stop in the future. If we create multiple emergency funds and do not use those emergency funds unless there is an additional need, we can certainly maintain our investment continuity on a regular basis. When there is a need to use the emergency fund, we will use some money from the emergency fund, but when we have enough money again, we will fill the emergency fund deficit again. But emergency funds may not be possible for every investor as there are many who earn relatively less amount of money but building an emergency fund is a difficult matter

People's expenditure is really increasing according to income, even also due to the surrounding economic crisis and rising commodity prices. But the mentality of bitcoin hoarding is possible even with low income because I know many people who earn $200 and still hoard $10 bitcoins and many who earn $300 and still can't hoard it. Social identity and status are involved here because if a person has more income, he does not want to hurt his family by reducing expenses and demand is constantly increasing. In this case, even if reduce the personal expenses, it is important to carry out the process of depositing bitcoins for the future. But in many cases this is not possible only because of their dignity.If the amount of disposable income is not adequate for investment, he should consider the process of its accumulation. He should look forward to more potential income streams where his bitcoin accumulation process is seamless and consistent.

I don't think there is any need trying to save a big amount of money before investing into Bitcoin, for you can use the amount readily available to start up your Bitcoin investment journey for you can be waiting to save much money before investing in Bitcoin while opportunity is passing you by, for you can start with the little you have but when investing make sure you invest amount you can afford to loss and also plan for long term investment. With the help of the  DCA strategy you can accumulate more Bitcoin little by little on a regular interval either weekly or monthly as the case may be and set aside an emergency, reserve and float fund incase there is any emergency or unforseen circumstances that may arise so it won't warrant you selling out your Bitcoin hodling for Bitcoin is best sighted and profitable for the future or Long term planning like 4-10 years and above.

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

It does makes sense to include security in the discussion as per the newbies. Most of the people that are asking for help were the newbies when they have been hacked, phished and scammed. So, it's essential for someone who is investing on Bitcoin to know how to avoid those potential threat to their investment. Yes, we all want everyone to succeed but it's not going to be enough if you only know how to invest but you should also know how to spot those scams and other malicious threats that might steal your asset.

I bold the part about how many are falling for scams. Because of the thought that are given to them about aiming to earn with high chance. Well no doubt doing it on Bitcoin gives them that but if they're going to focus on it, they might just land to the scamming tactics of cons.

Actually, in planning the investment you want to make, it is better to focus on your monthly income, where you can budget 10% or 15% for buying Bitcoin, isn't that simpler to understand. Apart from that, don't complicate the situation where you have to take a loan to invest in bitcoin because that is not a very good action. Therefore, invest as much as you can. If you can afford to buy Bitcoin with $20 per week, then apply it every week.

Well, if the points you convey are of course correct, but sometimes your monthly spending needs increase and will you miss purchases that month? Now, in this case, it must be underlined that when investing in the long term, initial planning is of course required, which is a priority so that this will not interfere with spending on any monthly spending needs.

In essence, people who invest are those who want to change their fate in the next decades, therefore they need to develop a wise strategy so that their investment can run smoothly. Accumulating regularly every week is a pretty brilliant idea and also increasing the budget to buy aggressively is the second option in long-term planning. But you can organize each strategy neatly and can also go hand in hand with a new strategy by acting aggressively when prices drop and also buying in a lump sum to increase BTC holdings.

I really couldn't grasp the first part of your post, i understand that you are proposing that we prioritize our bitcoin investment but that in no way should be out of our disposable income, whether you like it or not our daily needs comes first before investing in Bitcoin and the best we can is to limit some of out extra expenses to get our discretionary income up and invest in bitcoin.

A disposable income doesn't or in no way is the left over of our income, its rather what is left after all our expense has been removed, and with that amount we can chose to invest it in bitcoin, you can't be insinuating that we put bitcoin investment first and then take what is left for expense, we woudl surely regret that cause we can get into unnecessary debt or emergencies due to such poor cashfkow management decision, so it's always going to be better toninvest out of our discretionary income.

It all depends on the accumulation stage of that investor that lump sum will be a good accumulating strategy for him. Someone new into bitcoin and wants to start investing does not need to use the lump sum strategy because he wants to buy at the dip. That investor needs to use the DCA strategy because it is most convenient and flexible as long as you are using your discretionary income to invest in bitcoin often either weekly or monthly, so that he can gradually increase his bitcoin portfolio as time passes by.

The reason is because for you to lump sum, you need a good amount of money, and if your discretionary income cannot give you such amount, you will have to start saving this money in the bank for it to get to the amount that you feel is cool for you to lump sum with. Some people can even take one year or two just in the name of piling up fiat so that they can lump sum at the dip. Wasting the time that those money that they are piling up in the bank should be channel into bitcoin as it comes in so that they can start piling up in bitcoin than fiat that depreciates overtime.

Another disadvantage of buying once and not buy again is that, you will not be able to buy bitcoin at different price level which is the trick of using DCA to take advantage of the volatile nature of bitcoin. You might lump sum today, and bitcoin price dips, you will be at loss not until Bitcoin price goes higher the amount you bought. This is why new investors should only focus on the DCA method in the beginning, which gives them the opportunity to buy with whatever amount of discretionary income that they have also at different price level.

Lastly, you will not be able to accumulate the amount of bitcoin that an investor using DCA method buying always without stopping every week or month will have in the same duration of time. This means that his bitcoin portfolio will be bigger than yours, likewise the profit.

If an investor have reached 50% of your bitcoin portfolio and above, you can use lump sum. However using both DCA and lump sum after two years of your regular DCA buying weekly or monthly, is very good if you are opportune.