Topic: Buy the DIP, and HODL! - page 251. (Read 123911 times)

Apart from that, basically if you compare Shitcoin traders, of course they are clouded by their fear of the assets they own because slowly shitcoin assets will become zero and they have to think about that. There is no comparison with Bitcoin, where Bitcoin is a safe asset and we have noticed this from period to period.

It is the essence of the focus with which they are able to achieve satisfying ownership in the journey they undertake. There are no obstacles for us to follow the steps that people have done before we started. They are determined to continue buying and regardless of the price they have a focus on continuing to accumulate Bitcoin. Apart from that, if for now it is of course $10 per week we need a lot of time to reach 1 Btc which means we need to make 6870 purchases if I calculate it at the current price.

But it's just a matter of time because if we increase to $20 it will certainly be faster to reach 1 BTC. But previously I said that we invest in a relaxed manner without any burden on our minds, so in these words we only need to be consistent in making purchases every week.

Traders can never be considered as an investor because they don't hold a particular asset for long because they are there moving their assets from exchange to exchange seeking for coin and shitcoin to buy that could possibly give them 2x 10x, and possibly 100x within the period of their investments. They don't care if bitcoin gets whatever amount what they think is the little profits they scratching up from their trade, and of course the best assets to hold is bitcoin currently they won't know what they are doing because they thought price of bitcoin could continue to be this cheaper as they think, and the best place to sink their capital is bitcoin.

Better $10 a week for bitcoin than $5 for shitcoin which is just gambling capital.
Shitcoin is only a moment maybe only now is bullish trend back up those who trade shitcoin will be happy but there is a negative side where when the narrative is dead all shitcoin will have no value.

Considering the positive side of investment, it is more focused on one Bitcoin coin, this asset is safe will never die and even if the price decreases we just have to wait for a time it will definitely come back and we know the cycle is always history where ATH records always occur.

Stick with bitcoin even though a little per week for DCA I will do long term.

Even a guy investing $10 per week since October 1, 2013 might feel that he does not have enough BTC, but he is in a real good place, since he had invested nearly $5.7k and he has nearly 7.1 BTC.

And the guy investing $100 per week over the last 6 years does not have as many BTC as the guy who started in 2016, but he is in a better position for having had invested into BTC, and he invested $31.4k and he has nearly 2.54 BTC.. still not a bad place to be, but he might feel that he does not have enough, and he likely is not going to catch up to the guy who started in 2013 with only $10 per week.

No one can really tell us where we are going and how long it might take for any of us to feel satisfied with our BTC investment, even thought there surely remains quite a bit of potential value in getting started sooner rather than later, and with the passage of time, BTC's investment thesis is not getting any weaker.


Exactly.  There is a need to stay focused, because whether you are able to invest $10 per week or $100 per week, you are going to really end up diluting your investment if you are fucking around with various shitcoins that may or may not perform.. and the chances of them performing is surely not good.. especially if we consider both upside and downside.. and if we consider places to invest for the longer term such as 4-10 years or even longer.

Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.

Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

DCA does not help in timing the market, especially since it is the exact opposite, especially if DCA is exercised in a strict form, which means that you buy no matter what the BTC price on a regular basis that is based on your available cash rather than how much the BTC price happens to be.

So DCA allows an ability to invest into BTC in what ever level of whimpiness and/or aggressiveness that you want to employ while at the same time being better able to manage your personal cashflow because you are making investments into BTC in an incremental way rather than potentially stressing your finances with lump sum investing and/or other ways of trying to strategize your buys based on BTC price movements.


That is not true.  There are no guarantees in bitcoin, except that if you invest without using leverage than you are guaranteed to not lose any more than 100% of what you invest.
 

 This is also not a correct way of describing DCA.  DCA buys the same amount of BTC based on your own cashflow situation, so if the BTC price is down, you end up getting more BTC for the same amount of cash spent on it, and you would get less BTC if the BTC price is up.

If you are changing the amounts of BTC that you buy based on price, then you are employing some variation of buying on dips rather than DCA, and you can do whatever you want, but you should not be calling buying on dips DCA, since they are different, and sure you can combine them and create a hybrid system that you choose to follow, yet changing the amount that you buy based on price changes, is not a strict DCA approach... and probably the newest of people trying to establish an initial stake in bitcoin should not be overly occupied about their costs per BTC and/or trying to strategize dips, except maybe within some fairly strict guidelines in which they execute their weekly DCA no matter what within the week, even though they might try to buy dips within the week, yet at the same time recognizing that they are no longer employing a strict DCA approach that would just buy BTC regularly no matter the BTC price with whatever amount of dollars (or fiat) that you have authorized for that period based on your own cashflow considerations that again are not based on BTC prices.


Sure this part is true, except profits are not guaranteed... even though bitcoin remains amongst the best, if not the best, asymmetric bet available to people all around the world and to all income levels.. as long as you have some amount of a disposable income.

Yes those who invest in the DCA method have no impact on their investment even if the price of Bitcoin falls or rises because they buy Bitcoins with a fixed amount at a fixed time.But for doing DCA, everyone needs to have a specific plan so that he can keep his money invested in Bitcoin according to his ability according to that plan. However, having an additional income opportunity to invest in the DCA method is beneficial for us because we can invest the money in Bitcoins without needing our earned money.
Investing big is another strategy but not everyone can adopt this strategy as not everyone has equal amount of money. The DCA method may be best for those who do not have the funds to purchase large amounts of Bitcoin at once, i.e. those who cannot make large investments.But now many big investors are adopting DCA method to continue their investment continuity.In fact, one of the benefits of investing in DCA is that the investment continues and the Bitcoin holding continues.

What the exsense and of having the desire if you are not able to buy in on the assets that you desired to invest in, and what the basis for you to have a desire in the First place, although every great achievement and development comes first as desires but that desire need to be accompanied with the right resources to back it up and making it a reality.

Some bitcoin investors, struggled to invest through with they small income, sacrificing and letting go of things just to have the spear cash to invest in bitcoin, that is the practical practice of desire and actions, the other group who may fall into the category on unable to invest are just not having desire but just a wish.

Undoubtedly, your mentality is a big factor in investing in Bitcoin. Then here the extra money acts as the driving force.It is inevitable that the provider of money and its collective income should come from a certain source. Investment depends on your income per month.If you do not have enough income as an individual, what do you deposit? What's the point if you have a lot of desire but no money? Would you borrow the money and invest in Bitcoin? If you want to, that's a different matter.
There are many talented investors who could not develop their talent in the market due to lack of money. So I would say it is very important to have enough money supply with investing mentality will to invest in Bitcoin.

DCAing don't really matter if the market is high or low, so you don't have to wait till the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.

of course no one ventures into any business without setting out investments plan and strategy that will guide him all through and same applies to Bitcoin investment because before venturing into bitcoin, you should be able to do some technical checks and balance to know if actually you can be able to maintain the same energy you started your investment with in the long run and when we are talking about Bitcoin investment we are talking about the future and in the long run so it requires patience and control of one's financial education to be able to excel within the time frame you wish your investment to approach.

     I know that now that Bitcoin has gotten a new ATH before halving a lot of investors may be afraid of coming in because they may feel that since a new ATH have been created that it may not create another new ATH again but looking at the corrections that was made after the new ATH and to see that the price is hovering around $69k and $70k is a sign that we should expect something bigger after the halving of which every hodler is looking forward to it. A long term hodler doesn't look after little profits within the short term but he focuses on the bigger picture in the long run.

Could you speak a little better and be a little more thoughtful in arguing what I was trying to say before, so try to be a little more specific so that the correlation is much more visible.

when it come to investing in bitcoin it depends on one financial capability in his process of accumulating. For instance an average man is being paid $500 monthly, the guy can decide to fixed his DCA purchasing monthly by buying $100 worth of bitcoin monthly. While using  his remains to coverup some expenses and flow with his regular life style . Because if such individuals decided to put more percentage of his earning in his investment without having more income to sustain him, like  using $400 to accumulate while keeping $100 as emergency funds. Such individual would endup tampering with his investment for survival. So I will say the rate of one accumulating Bitcoin is directly proportional to his sources or earnings. Sometime as an investor one should be flexible, if by any chances such users endup having extra cash to spare, without it coming from his monthly salary. Let me say such individual found that he have extra funds to spare like $200 without touching his monthly salary he may decide to add  that money ($200) to his normal DCA money which is $100 making it $300 he's going to use to purchase Bitcoin ( inorder to coverup some Gab in his Accumulation without being too aggressive). that moment, like a form of lump-summing going all in with that spare money and his normal fixed amount fir DCAing, with the other remains of his salary as emergency funds.

Exactly....! When you have a safe settlement of all your family needs, you will feel confident investing in bitcoin and plan for the long term. DCAing can be done on a weekly or monthly basis as per your convenience. But if you invest in bitcoin DCAing strategy is more effective and fruitful in long term for new investor.

IMO i think when it comes to investing in bitcoin how much you earn doesn't matter as much as if you would have any disposable income available to invest, someone who has a greater expense than even his income cannot invest no matter how much he is earning, let's assume a person that is earning about 5000$ a month and has debt on his head that he needs to attend to of about 1500$ off his monthly income and what is left is 3500$ and probably he is also in some kind of medical shit or health challenge that also eats some part of his earning up to 1500$ again off remaining 2000$ for him, then he also has other expenses that range up to above 2000$, this kind of person is just living on the edge and cannot invest in bitcoin, although the illustration seems a bit too much since I kind find much realistic thigns to explain some senerios, and yeah some persons are already well living above their finances and don't have any disposable income left to invest in bitcoin, and another person earning 500$ monthly can have a total expense of 200$ per month based on how well he manages himself and maybe his lifestyle, and other things can also affect how much a person would decide to allocate to his investment, so based on your own senrio its also possible for the van driver to be able to invest more I bitcoin than the person earning 1000k, it just depends on how well they manage their finance and how much disposable income that is available to invest.

I agree with you at JayJuanGee. We need a good income source that will allow us to freely accumulate bitcoin with the DCA strategy and also be able to take care of our financial needs without struggling to solve them. This will help us hold our bitcoin for the long term because we will not depend on our bitcoin investment to survive.

We stand to gain not only the profits on our investments in bitcoin, we have the safety means of securing our assets in this digital and decentralized means, we have increase in value of our asset worth, we have control and the desired privacy we want to get with our asset, it never a means that requires a central regulation to invest, we have our financial freedom with us and we also determine how we want to be profitable on our investment.

Expenditure depends on people's income, but if it can be calculated, it is possible to earn relatively small amount of money to meet all needs from that earned money and also invest from there. The income of every person living in our society is not the same, everyone has a different profession and everyone has a different income. Everyone from a bank officer to a van driver lives with his family and everyone thinks to expect the best from his position and thinks about everyone's future. 

A van driver earns $100 per month whereas a bank officer earns $1000 per month then a van driver earning $100 is definitely not used to living a luxurious life. On the other hand, a banker earning $1000 per month must try to live in a good place and expect a good life.

Even after earning $1000 and living a good life, he must plan for his future and when he plans for his future, he can invest part of his income if he wants. Investing doesn't depend on how much money you are earning every month, basically investing depends on the individual. If the person wants to invest then he can invest even earning a relatively small amount of money. You have contradicted me by saying that it is easy to think about something but difficult to act on it, to which I will tell you that if you have a sincere desire you can do anything.

In student life usually everyone is dependent on family still but he saves his own money or collects some money through various means he invests in this case if a working man earns enough money but does not get money to invest then he is definitely a failure. If we want, we can set aside a portion of our income at the end of the month for investment. The money you spend will never come back. But when you invest money that will give you profit as soon as it comes back, it is definitely wiser to invest money thinking about the future rather than spending a lot of money now.

I don't mean to hijack your answer, but could you please explain how waiting to buy on dips relates to regular DCA? You are contradicting the different methods of investing. An investor decides which method of investment he wants to use, it may be waiting to buy the dip, regular DCA, or lump sum to mention a few. However, if he has more money when he DCA consistently he can choose to wait for the market to dip and then buy as long as he is buying below the ATH. He may also choose to lump sum which is buying aggressively to reach his goal. It doesn't affect his DCA approach that is what you should understand.

It is not compulsory to adopt the DCA strategy. Every investor has the right to choose which method he wants to use in investing. Ad long as it will help him achieve his goal without any hindrance or losses. You can recommend DCA to anyone because it has less risk but it's optional to choose to lump sum or DCA. Every method has its advantages and disadvantages, if an investor chooses to manage risk and slow accumulation then DCA is the best. But if the investor has enough money and wants to accumulate bitcoin faster then he can go all in by lump sum. Don't you know i Bitcoin reaches the price i know I can afford a whole if but I would lump sum. I can't do that right now that is why I stick to my DCA. My target is to achieve 1 bitcoin.

It seems you like using the word must. Let me put it his way, whether big or small amount of money you can start investing in Bitcoin. As long as it is what you can afford to lose. It also depends on the amount of your monthly income, that you will use to set up your investment method and start investing. If you dcaing the only time you may choose to increase your percentage of investment is either your monthly income increases or you have some disposable money given to you by someone.