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Topic: Buy the DIP, and HODL! - page 25. (Read 130738 times)

full member
Activity: 182
Merit: 131
Bitcoin or nothing
December 04, 2024, 04:21:30 PM
Sometimes people intend to put their self into difficulty by trying to use money meant personal needs to invest into Bitcoin not knowing that Bitcoin investment is a longer time money for Bitcoin investment should be money you won't be needing for long just like you have said that it should come from your discretionary income. Also waiting for the dip will only delay your Bitcoin investment journey because sometimes it may not even dip investor who can choose to wait for the dip before accumulating Bitcoin are properly those that has gotten to their Bitcoin accumulation target or those that has been accumulating Bitcoin for the past 8 years or more may decide to little by little during the dip but for new investors is a wrong idea to wait for the dip that's why the DCA strategy is there to help an investor accumulate Bitcoin gradually regardless of the price and continue hodling, the dip should only be an opportunity for an investor to accumulate enough Bitcoin and HODL.

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.
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 .
sr. member
Activity: 308
Merit: 256
December 04, 2024, 02:40:18 PM

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
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 in assumption. 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.  

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,

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.

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.
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 I may ask, How can you invest agresively as little as you can? When you know that aggressive investment is proportional to investing under pressure?

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.
sr. member
Activity: 448
Merit: 351
December 04, 2024, 01:58:38 PM
i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure.

Yeah it is of the nature of every investors to dream big about their future accomplishment, so setting a reasonable target is good way to start the process but not every target is encouraged, so actually I would say that having a set target of 2 Bitcoin to achieve in all of his life does not sound like a target because the conviction will be very low and as the time goes you will start losing interest because of the belief that you still have a good number of years ahead of you to meet up and from such mindset other things will come in play and occupy your mind from thinking about your investment, meanwhile as we normally talk about few years targets is better because it gives us the discipline that whatever thing we do we have something very important to reach out and that idea will now be installed on our head.
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.
sr. member
Activity: 504
Merit: 389
The great city of God 🔥
December 04, 2024, 01:37:34 PM

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
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 in assumption. 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.  

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,

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.

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.
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?
sr. member
Activity: 308
Merit: 256
December 04, 2024, 12:51:13 PM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
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 in assumption. 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.  

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.
sr. member
Activity: 476
Merit: 385
Baba God Noni
December 04, 2024, 12:27:30 PM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
In my opinion, the pressure that is felt when investing in bitcoin reflects that the planning that was done was not carefully prepared before jumping directly into investing in bitcoin. Because in my opinion, someone who already has good planning before investing in Bitcoin, I don't think there will be much pressure when carrying it out. So I think this is something we sometimes forget to do.

Therefore, when planning to invest in bitcoin, you should first study the price cycle that always occurs in bitcoin. Then also think about how many years you will invest, for example 10 or 15 years. Then after that also think about what purchasing method you will use when investing in bitcoin, whether it is DCA or another method. Then also look at the financial condition you have, the job or business you are running, and only after that can you draw a conclusion about how much cold money you will invest. I think if we follow what I said, maybe we won't feel pressured when investing in bitcoin. So in essence we must have careful planning when investing in bitcoin. So that when you are carrying out your investment, it can run more smoothly.
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.
sr. member
Activity: 504
Merit: 389
The great city of God 🔥
December 04, 2024, 12:14:07 PM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
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.  
sr. member
Activity: 602
Merit: 306
December 04, 2024, 11:59:38 AM
i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure. setting an 8 or ten years plan will make things a bit clearer so you are able to accumulate your bitcoin realistically and not have to remain accumulating for too long. note that it is not by how long you have been accumulating bitcoin that really matters, if you can use less number of years in reaching your goal, it will be better than DCAing so small an amount such that it will take you too long too reach your goal.

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.
member
Activity: 132
Merit: 50
December 04, 2024, 11:54:40 AM
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.
Because usually every Bitcoin investor should use money for investment that he can hold for a long time uninterruptedly, and to sustain this investment for a long time, he must have a strong source of income.
But right now you have none, no source of income, and the money you want to use is also waiting for the opinions of your family, and you want to invest for only one year, and you will have to face a difficult situation even if you lose the money you want to invest. All in all, I think it is better for you not to invest right now. Because we can never expect anything good from short-term investments, short-term investments are always risky, so everyone should plan for long-term investments.
So Right now you need to get a job or create a source of income, and then invest that money which you can afford to lose, and decide to hold for the long term (at least 10 years) rather than the short term. Start with small investments first, from which you can gain experience. And lastly, it is better not to do anything without ignoring the opinion of your family, you should Explain Bitcoin to your family and get their permission to invest and you should also be knowledgeable about Bitcoin.
In fact, as people of the previous era my parents cannot rely on invisible assets. Rather their preferred area is any physical visible assets. But I have tried to convince them with the strength of my knowledge and I am in some experimental investment. However I have made some changes to the investment plan. I find the DCA method very effective and suitable for me. So from now on I will continue to invest following the DCA method. I am very grateful for your opinion.
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.
sr. member
Activity: 224
Merit: 195
December 04, 2024, 11:35:54 AM
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.
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.
full member
Activity: 532
Merit: 229
December 04, 2024, 10:42:53 AM
Sometimes people intend to put their self into difficulty by trying to use money meant personal needs to invest into Bitcoin not knowing that Bitcoin investment is a longer time money for Bitcoin investment should be money you won't be needing for long just like you have said that it should come from your discretionary income. Also waiting for the dip will only delay your Bitcoin investment journey because sometimes it may not even dip investor who can choose to wait for the dip before accumulating Bitcoin are properly those that has gotten to their Bitcoin accumulation target or those that has been accumulating Bitcoin for the past 8 years or more may decide to little by little during the dip but for new investors is a wrong idea to wait for the dip that's why the DCA strategy is there to help an investor accumulate Bitcoin gradually regardless of the price and continue hodling, the dip should only be an opportunity for an investor to accumulate enough Bitcoin and HODL.

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.
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.
sr. member
Activity: 616
Merit: 414
December 04, 2024, 10:26:27 AM
Sometimes people intend to put their self into difficulty by trying to use money meant personal needs to invest into Bitcoin not knowing that Bitcoin investment is a longer time money for Bitcoin investment should be money you won't be needing for long just like you have said that it should come from your discretionary income. Also waiting for the dip will only delay your Bitcoin investment journey because sometimes it may not even dip investor who can choose to wait for the dip before accumulating Bitcoin are properly those that has gotten to their Bitcoin accumulation target or those that has been accumulating Bitcoin for the past 8 years or more may decide to little by little during the dip but for new investors is a wrong idea to wait for the dip that's why the DCA strategy is there to help an investor accumulate Bitcoin gradually regardless of the price and continue hodling, the dip should only be an opportunity for an investor to accumulate enough Bitcoin and HODL.

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.
sr. member
Activity: 588
Merit: 338
December 04, 2024, 10:16:27 AM
I personally don't have a set target for the number of Bitcoin that I want to accumulate into the future, because I don't want to put myself into unnecessary pressures to achieve the goal by all means. Although there's nothing wrong with setting a soft target for yourself into the future, perhaps in 10 years time to achieve a reasonable amount of Bitcoin but there's no need to over labor yourself or deny yourself of basic needs that are essential to live a healthy lifestyle because you want to accumulate 1 or 2 Bitcoin within the timeframe.
You are getting it twisted, setting a target doesn't mean that you should not take care of your basic needs or monthly expenses neither deprive yourself from other important things that must be done. Setting a target will only enable you stay focus and work towards it with all commitments and determination because you have a goal to achieve. For instance, you will be careful with the way you spend your extra funds and cut down expenses on stuffs that you can do without. For instance, drinking two bottles of beer every week or the money that you put use to gamble every week will be channel into accumulating more bitcoin apart from your DCA.

Also, whenever you have extra funds that you don't expect or plans for, it will make you think of buying bitcoin with it right away because you don't want the money to be used for something that will not be beneficial to you in future. The investor can easily lump sum happily with such funds because he has the zeal and passion to reach his bitcoin target.
Bitcoin investment does not need pressure to invest because it's a long term process, otherwise, you might end up selling your bitcoin when there is too much pressure on your finance because you are doing it the wrong way. Bitcoin investment should be done the right way for success in future.
If you carefully go through my post, you'll notice that I never mentioned that setting targets for your Bitcoin investment is a bad thing or that it can prevent you from taking care of your basic needs. My focus is that some people can set unrealistic targets and in the process of achieving the set goal of meeting their aim, they overlook their well being. So what works personally for me is that my focus is on making sure that I'm removing the percentage from my income into my DCA strategy for buying Bitcoin.

I personally don't bother so much about how much Bitcoin that I want to own in the next 10 to 20 years, what is important for me is being prudent with my expenditures every month so that I won't miss out on accumulating my bag. As my income is increasing so also I'll be increasing the amount that I set aside for accumulating Bitcoin. But what doesn't work for me might work for another person, it's the end that justifies the means. Whether your motivation is to focus your set target for a perticular amount in the future or you're more concerned about not missing out to buy now, the important thing is for you not to relent or stop your accumulation and hodling.
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Activity: 196
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December 04, 2024, 09:55:16 AM
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.
In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.
Because usually every Bitcoin investor should use money for investment that he can hold for a long time uninterruptedly, and to sustain this investment for a long time, he must have a strong source of income.
But right now you have none, no source of income, and the money you want to use is also waiting for the opinions of your family, and you want to invest for only one year, and you will have to face a difficult situation even if you lose the money you want to invest. All in all, I think it is better for you not to invest right now. Because we can never expect anything good from short-term investments, short-term investments are always risky, so everyone should plan for long-term investments.
So Right now you need to get a job or create a source of income, and then invest that money which you can afford to lose, and decide to hold for the long term (at least 10 years) rather than the short term. Start with small investments first, from which you can gain experience. And lastly, it is better not to do anything without ignoring the opinion of your family, you should Explain Bitcoin to your family and get their permission to invest and you should also be knowledgeable about Bitcoin.
In fact, as people of the previous era my parents cannot rely on invisible assets. Rather their preferred area is any physical visible assets. But I have tried to convince them with the strength of my knowledge and I am in some experimental investment. However I have made some changes to the investment plan. I find the DCA method very effective and suitable for me. So from now on I will continue to invest following the DCA method. I am very grateful for your opinion.
full member
Activity: 120
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December 04, 2024, 09:13:18 AM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
In my opinion, the pressure that is felt when investing in bitcoin reflects that the planning that was done was not carefully prepared before jumping directly into investing in bitcoin. Because in my opinion, someone who already has good planning before investing in Bitcoin, I don't think there will be much pressure when carrying it out. So I think this is something we sometimes forget to do.

Therefore, when planning to invest in bitcoin, you should first study the price cycle that always occurs in bitcoin. Then also think about how many years you will invest, for example 10 or 15 years. Then after that also think about what purchasing method you will use when investing in bitcoin, whether it is DCA or another method. Then also look at the financial condition you have, the job or business you are running, and only after that can you draw a conclusion about how much cold money you will invest. I think if we follow what I said, maybe we won't feel pressured when investing in bitcoin. So in essence we must have careful planning when investing in bitcoin. So that when you are carrying out your investment, it can run more smoothly.
sr. member
Activity: 308
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December 04, 2024, 08:12:44 AM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.

Our investment is meant to be within the level of our discretional income wether in terms of increasing our investment allocations or maintaining it, it is more like gambling for any one to invest more than their level of  discretional income because they will end up using the money that is meant for others living expenses to buy Bitcoin and at such may end up running after your investment to solve your other needs, indeed the concepts that is more reliable is to approach our investment without any form of pressure, but if there is any good reason to increase our investment amount it is also good, but it shouldn't be done by seeing it as a stress.
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Activity: 112
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December 04, 2024, 07:42:26 AM
Is this really true well for me I think is not because there are plans you will follow in your Bitcoin investment and it will delay you for example waiting for the dip, and if you are into Bitcoin investment you need to use only your Discretionary income for your Accumulation if you don't and you start using money meant for taxes, electricity, water, food etc you will hit the rock which will lead to you selling of all your Bitcoin .
So planning your Bitcoin investment is very important because if you don't plan well you will fail, we all know that as someone who is into Bitcoin investment is important you have a backup funds it helps prevent dipping hands into your Bitcoin investment.
One of the reasons why we always share ideas here is so we can learn from each other and come up with a good plan on how to follow our investment.
For me, for the first time, I didn't plan well about investing in Bitcoin, I just bought and held it. But over time I started to plan my accumulation in 2022, 2023 and until now. Sometimes we need a closer approach to Bitcoin and the arrangement of plans can be arranged better if we have found a comfortable strategy in accumulating Bitcoin.

Obviously, monthly income, weekly bonuses from work are one way to organize well where we will allocate how much percentage to buy bitcoin. For me, as long as our income continues to run normally, of course, bitcoin accumulation will run smoothly.

By adjusting the budget or increasing it more as long as the Bitcoin accumulation is still a material that I have to study more deeply. I still haven't been able to increase the budget to be more aggressive because my income is not increasing.

You can ONLY do what you can do in terms of your level of aggressiveness, except maybe studying other ways to either earn more income or to cut some expenses... yet we each have limitations, including that sometimes it just takes some patience if we are doing as much as we can, then we still likely are going to do o.k. as long as we are more conscious about being proactive, rather than just sitting on our early investment and not doing anything further when we could be adding to our stash, even if it is relatively small amounts... yet we still may well end up putting ourselves in a better position from having had invested into bitcoin for 2 or 3 cycles rather than not having had done so.

You are right however some set of people are so comfortable with there current level and they don't bother having another source of income or increasing the amount which they use to accumulate there Bitcoin why some people are usually not comfortable with there level they try to grow there current level and also increase the amount of there Bitcoin accumulation.
Now between this two set of people who do you think we do more better for me I think is those who are always uncomfortable with there current level and trying to increase the amount they use in accumulating Bitcoin, this set of people are the once who always accumulate and hodl consistently because they always want to change there current level or position.



I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.

If you are eager for a successful life those not mean you are rushing life, if maybe you are comfortable with the little Bitcoin you have accumulated there's no way you will continue your accumulation you will always feel the need not to in fact you will be using the money for another thing meaning you won't be consistent with your accumulation because you are already comfortable with the little you have accumulated.
For those who are not comfortable with there little accumulated Bitcoin will become more consistent in there accumulation journey, not being comfortable with one's little accumulated Bitcoin those not mean he will become frustrated, depressed or will cause pressure on him like you said, not being comfortable will only make him consistent in his or her accumulation journey.
hero member
Activity: 1050
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God is great
December 04, 2024, 06:21:33 AM
I disagree with you dude, it is true that some people are not comfortable with their holding while some are comfortable with their holding and those investors that are not comfortable with their..., and tends to increase their accumulation is not really a bad thing right but sometimes or most times it's not good because it can result to a lot of things like being biased, frustration, panicking, selling when you're investment is not mature or due because you will be so worked up because of the quest to increase one's accumulation, as a matter of fact you are imposing so much pressure on yourself. Just like I said earlier it's not really a bad thing but while not continue accumulating regardless and just be consistent and wait for such opportunity to come to increase your accumulation instead of striving to..., since one is investment for a long period of time you don't need to rush there's time for everything.
The reason for DCA method of investment is to make bitcoin investment easy, people don4 need to struggle so much to raise fund to invest. The DCA method of investment is a style of investment which people can invest with ease just with the amount you can afford.

You don't need to be worried about increasing your investment which is beyond your means of income, the most important thing is to be consistent with your investment no matter the amount it is and for sure there will be good result. It is always advisable to invest with amount you can afford, don't try to invest more than your means, with consistency you can be able to accumulate good amount of Bitcoin.   No need to stress yourself to increase your investment,  with accumulation you can get the increase you are looking for.
full member
Activity: 350
Merit: 128
December 04, 2024, 06:12:14 AM
You have no other option. I joke about the whalecumulators, but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

Even when the whale accumulators buys, hodl and still keep on buying, why don't the plebes also buy, holdl and keep buying if we can? Well, let me say the challenges of the plebes is their financial levels because everyone are deed to buy only amount they can afford.
Don't we have this insight that our profits of investing on bitcoin is based on how of value we holds and how long we holds them knowing that bitcoin is a volatile currency and even in the global economy such as the stock, it still demands higher capital offers you higher profits.
So making it big in this bitcoin sector demands accusations if we're plebes. It's all about desires and disciplines to hit a sum of target.
Just get to buy either at the dip, bear or bullish sessions and hodl for the future market holds the best
hero member
Activity: 658
Merit: 562
December 04, 2024, 05:45:21 AM
I personally don't have a set target for the number of Bitcoin that I want to accumulate into the future, because I don't want to put myself into unnecessary pressures to achieve the goal by all means. Although there's nothing wrong with setting a soft target for yourself into the future, perhaps in 10 years time to achieve a reasonable amount of Bitcoin but there's no need to over labor yourself or deny yourself of basic needs that are essential to live a healthy lifestyle because you want to accumulate 1 or 2 Bitcoin within the timeframe.
You are getting it twisted, setting a target doesn't mean that you should not take care of your basic needs or monthly expenses neither deprive yourself from other important things that must be done. Setting a target will only enable you stay focus and work towards it with all commitments and determination because you have a goal to achieve. For instance, you will be careful with the way you spend your extra funds and cut down expenses on stuffs that you can do without. For instance, drinking two bottles of beer every week or the money that you put use to gamble every week will be channel into accumulating more bitcoin apart from your DCA.

Also, whenever you have extra funds that you don't expect or plans for, it will make you think of buying bitcoin with it right away because you don't want the money to be used for something that will not be beneficial to you in future. The investor can easily lump sum happily with such funds because he has the zeal and passion to reach his bitcoin target.
Bitcoin investment does not need pressure to invest because it's a long term process, otherwise, you might end up selling your bitcoin when there is too much pressure on your finance because you are doing it the wrong way. Bitcoin investment should be done the right way for success in future.
Quote
DCA method for example gives you the ease to accumulate according to your income at any particular time, no need to overpressure yourself and miss out on having a meaningful life by overstretching yourself in the cause of wanting to meet up with unrealistic targets that your income can not accommodate. It'll be unwise to stash your bag with a reasonable amount of Bitcoin in the future then not be in good health or sound mind to enjoy part of it in your retirement or worse don't even be alive to enjoy it. What I focus on is the percentage of my income that I set aside for my DCA method, that is where I have a constant for my accumulation, not the amount of Bitcoin that I must have in my retirement.
Of course, the amount of money that we use to DCA should be the amount from our discretionary income that is cool with us to continue buying with such amount overtime till we have an increase in our discretionary income. If not, if you go and overdo it with a bigger amount that will affect yout expenses, it means that you are gambling and will end up selling your bitcoin investment at loss when you want to take care of your needs.

However, if you have a target, that will not make you think of acquiring bitcoin in a wimpish way of just been satisfied with only the amount that you can use to buy bitcoin weekly when you can increase it and it wouldn't affect you financially. For instance, when you don't have a bitcoin target, your discretionary income might be $100 and you will be cool with buying bitcoin with $40, because you feel you don't have any target and don't need to invest too much on bitcoin. When you can invest $70 instead of $40. You might have a salary increase and still feel cool of using your initial amount to DCA instead of increasing it.

Having a bitcoin target is another form of motivation on its own to make you find different means and opportunities out there to increase your income. One thing that you should know is that, it's impossible for anyone to be investing in bitcoin for long without an emergency funds to take care of your health and whatever unforeseen challenges that you will face, if not you will sell your bitcoin before time to solve them.

One thing that you should understand is that we might set a target and be seriously working on accumulating such quantity of bitcoin but due to the time frame and the price of bitcoin in the long run with how our income will play out in the long run, we might not be able to reach our exact target but we would definitely get closer it to, despite all the seriousness and persistent to keep our bitcoin accumulation ongoing.
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