Topic: Buy the DIP, and HODL! - page 254. (Read 123916 times)

DCA will be the most used method especially that majority of us can't buy bitcoins in bulk  then people will go use this strategy since they can buy their bitcoins on regular intervals depends on when they can afford to do it. I think planning to sell well depends on situation and the needs of the holder itself since if he feel that he need to cashout something then they must sell their profits nothing can stop them or tell that its wrong since that's profit already they can earn that back since your balance left will still generate you a profit and also you can do your interval accumulation once you are ready again to accumulate.

Holding is the best strategy for BTC  I don't deny it. mean short-term investors can be attracted to long-term investments as a result of more maturity of their wealth of experience. You don't want or should invest all your precious capital in one place because it is important to keep your daily cash flow. Investment success depends on long-term strategy results. And the health of your portfolio depends on long-term investments.

DCA never gets old and it's the strategy that the majority of us is aware of. What we need to plan is to get on how long we're going to hold the bitcoins you've bought. If you have no exit plan, that's just fine and you can get some portion of it when you want to and sell it at your will if you need some extra cash for some purposes that you need to spend it.

Good, and that's not just you but most of us.

All investments have different methods, instead of investing blindly it's a criterion that an investor should be able to identify the method that best suits him. Investing blindly can easily cause losses. Of course, there will be fluctuations in the price of bitcoin which is why a consistent method is the way to a successful investment. Many of the problems investors face with Bitcoin are because they lack insights and foresight by refusing to stick to one investment method.

Everyone needs a plan and if buying at the dip is a method adopted by an investor that will help him/her achieve their accumulation goals it is fine by them. With time the plan may change if the investor has chosen a different goal to start. What every plan should look like for each investor should depend on their goals. However, I consider buying through DCA as the best method for now if the goal is to hold the investment for a longer time. This is because the price will go down and will also go up from time to time, but it mostly goes up in the long run. This is why I stick to this method.

In as much as every investors has there right to choose which ever investment that's well suitable for them but choosing trading is totally not advisable for me because looking at the good side the only way he could have a good tangible profits in Bitcoin is only if he follows the holding trends because if he had envisioned the future of Bitcoin the way I do he will not even talk about having trading as an alternative because like every other normal successful business they don't target on the little profits they could get in a short time but there targets is what will become the future of the business, so in everything we do holding is a very crucial factor that determines success to every investment.

you're right that is the best for one to stick with Bitcoin, but thinking of investing on Bitcoin, one should not focus on short-term but rather on  long-term holding, Inorder to gain more profit as time goes on with minimize risk. Because when one is holding he or she can manage or minimize the risk in it , and gain more profit because he or she would have enough time to gather or accumulate some good quantities of Bitcoin for themselves as bitcoin continue to grow .
just as we keep on saying purchasing the dip is pretty good and would help in given one alot of Bitcoin when the price low. But the act of always craving or waiting for the dip always before accumulating is bad. It will reduce the rate of your Accumulation leading one not to have enough coin in his portfolio, because the act of  one using DCA strategy to keep accumulating would increase the quantities of Bitcoin in his portfolio due to his constant purchasing with DCA method either monthly or weekly. Increase the potential of that investment to yield something good in the future.

Stop using the word 'short term' in bitcoin investment. That word short term is for traders. There is no guarantee that a trader will make profit trading with his bitcoin, he might get lucky and be profitable, or he might make the wrong decision and run at big loss, and will regret his actions. But if you are a long term investor, there is high possibility that you will make good profit because, the value of bitcoin increases with time-line. The second advantage is that your profit will keep on compounding and making your new capital to generate high profits. Profits from short-term traders are just to sustain them for the day, but long term investors are after the future. Build up your bitcoin portfolio gradually and regularly using DCA strategy weekly or monthly. It is a bad investment plan to think that you can use trading of bitcoin to increase your bitcoin portfolio, and hodli. You will always be tempted to trade from your bitcoin portfolio, and that will make you run at big loss, which you will not have any bitcoin investment in the long run, because you were busy gambling instead of buying regular and hodli to have a significant size of bitcoin investment.

I think you should stick with investing in Bitcoin, whether short-term or long-term. Given this investment, you can be safe with your capital, which is guaranteed by Bitcoin. There are many short-term investors who jump into long-term investments after slowly building up their profits. In this case, he wants to be busy with daily short-term investment without investing the entire capital.

Many people wants to get busy looking for dips for investment, they should understand that every day dips for Bitcoin. It returns more than the as you might think. You can make your right decision regardless of whether it is short term or long term with BTC.

So it's best to accumulate during the phase when spot price getting closer to 200-WMA. Since we are going for three ways i.e. DCA, Buy the Dip and lump sum. If someone wants to go for aggressive accumulation then it's the best time. With the sustainable withdrawal tool, one can easily figure out how much he can withdraw per month. It's easy you dont have to figure out yourself, the tool do the job.
I remember Dec 19, 2017 since it was my early days when I came to know about Bitcoin (not investing at that time). You figure it out right, spot price on that particular day was 14x higher then 200-WMA.

You must determine your target in investing in Bitcoin.

If you have confidence in long-term investment, of course short-term profits will not disturb your investment journey.
But if you are bothered by short-term profits, it means you don't have the mentality to hold Bitcoin for the long term.

Why do people keep saying take the opportunity while it's there, meaning of course we can take advantage of the price decline to continue buying and holding it for the long term instead of selling it when the profit is already there.

From that point, you just need patience if you want to invest in the long term because without patience you won't be able to achieve it

I understand the point you are trying to say bro, but you need to know that if you really want to secure your future, then you need to stop having that mentality of taking small small profit, and look at the bigger picture that comes along being a long term holder.

And another thing is that not everyone that will have that kind of amount of money at his or her disposal, but the DCA method makes it easier for even the common man on the street that doesn't have much income coming in, as long as you are thinking long term.

Short term investment in bitcoins can also be profitable but for short term investment you need to buy large amount of bitcoins at once be it 10 thousand dollar amount or 15000 dollar amount. If you deposit $100 a week or $100 a month of bitcoins for short-term investing, you will never see success from your short-term investments. So one should give up the dream of profiting by buying small amount of bitcoins and investing in short term. One of the best times to invest in the short term was a couple of days ago when the Bitcoin price touched $60,000. Maybe during the bullish season it is possible to profit by investing short term in bitcoins but remember to buy large amount of bitcoins at once otherwise it is not possible.

We give the highest priority to investing in Bitcoin for long term investment. Maybe many people cannot invest their entire money to meet their family expenses so they adopt DCA method to invest monthly or weekly bitcoins. One of the benefits of investing in DCA method and holding it for a long time is that if we deposit $150 or more in bitcoins in a year
The amount will be thousands of dollars. If we can manage our investment for a long period of time according to a proper plan and specific goals, it will enable us to accumulate a large amount of bitcoins at a time.

What you see as a setback is seen as a golden opportunity by others who have foresight. In life we don't know it all and what we don't know is bigger than us, so when we find ourself in such condition all we can do is to learn. What you call setback is what has actually turn lot of people into millionaires, that's why they say knowledge never ends in life. With the kid of mentality you have I think you will find it difficult to survive in this thread, but if you want to survive here, you have to drop this your half baked knowledge about bitcoin investment and lean entirely different approach from what you are used to. There is no doubt many of us started exactly they way you did, but when we got here, this thread was an eye opener and we saw a different approach from what we have been doing and the wise once quickly adapted and today we are seeing the beauty in buying bitcoin and hodling for a long term. If you stay in this thread for a month and learn what is being taught here, you will be angry with yourself for the approach you started bitcoin investment with and you will realize you missed lots of opportunities by selling your bitcoin cheaply.

In other words, if we can think long-term about our investment, then the amount of our investment will be much more at the end of the long term.  

If an employee receives a weekly salary, he can invest a portion of the weekly salary every week, but most of the employees who receive a monthly salary have to invest at the end of the month. As you said the investor has to invest 100 dollars every week 400 dollars every month. But the salary of most of the employees is below 400 dollars per month, in which case they have to invest in addition to running family expenses, but they cannot invest 400 dollars every month. I think it is not so important how much an investor invests but what matters for the investor is whether the investor invests consistently. Investments should be made in such a way that there is never a break in investment or an investment gap.  I invested 50% of my salary in 1 month but in the next month I could not invest 10% of my monthly salary then our investment was not continuous. The amount should be invested in each side as much as it is possible to invest normally every month without investing too much and too little. For example, if an employee's salary is $300 per month, he can invest $100 if he wants to exclude his family and other expenses.  

By investing $100 every month and paying for family expenses, the investor can save the remaining money for his own needs so that he does not have to sell his investment when he needs money later. If an investor plans his investment properly and if he can work according to the proper plan then he will definitely get good from his investment depending on the amount of his investment.

Assuming your monthly salary is $1000, now you will invest $1000 every month or every week consistently. In this case, first of all, you need to confirm how much money you can spend every month on family management, children's education expenses, electricity bills and other sectors. Once you figure out these expenses, you can of course calculate how much money you have left over at the end of the month. You can consistently invest 60 to 70 percent of the money you have left over, minus all incidental expenses, within $1,000. After investing 60% to 70% consistently, you can save the remaining 40% or a part of 30% and keep some money for your spending. If you can invest with this plan then I am sure it will be very easy to hold your investment and you will be able to keep your investment for a long time and you will be able to consistently maintain your investment consistency.

Both short term and long term investors can benefit from investing in Bitcoin, however the risk and profit is not the same. While short term investment have high risk than long term investment because Bitcoin will move at its pace and might not give that quick profits that short term investors are expecting unless the investor is willing to wait longer than he expected, he might likely sell at loss. This is the major challenge with short term investment but sometimes it does not really take that long to give some profits.

On the other hand, long term investment gives the market the time to grow and yield profit while the investor will enjoy the needed peace of mind and never in a hurry to liquidate his assets. Long term investors benefit more on the long run because the profits margin is higher in long term investment. This is why long term investment is highly recommended and investors encouraged to think long term. 

Perhaps there are some of us that have been investing in Bitcoin before we got knowledge of this Bitcointalk forum just that we have little knowledge of what Bitcoin investment is all about. Just like me I felt bitcoin investment is just about depositing an amount in your wallet and just forget about it while checking the price of Bitcoin and also monitoring the profit that it would generate but coming to this forum broadened my knowledge on Bitcoin about the DCA strategy that gives the liberty to accumulate certain amount of Bitcoin from time to time and it helped me reshape my investment awareness because I'm a teacher and my income is not that high so using the DCA really helped me a lot because basically I used to make some savings with the hope that when it gets to a certain amount then I will use it to buy Bitcoin but as I continue to save in other to buy Bitcoin that is how some unforseen challenges will just come up and eat up my savings and I will just lose focus on buying again but with the DCA now, I have been able to scrap out a fixed amount that i use for the DCA such that on no account can i be able to withdraw my holdings because out of the little i make as income, i have an emergency fund that i do keep incase of any immediate financial need.

I can't still imagine seeing people investing in bitcoin with the mindset of cashing out bitcoin with limited period of time how, is bitcoin money machine where if someone invested within a minute or days he expecting a huge return where does such a tin happened over in cryptocurrency space? As an investor they need to decides on the kind of investment they needs particularly otherwise they could failed within the little period of joining the investment because if they don't prepared for bitcoin before investment it might hurt them so badly where they could regret of doing investment. Bitcoin is long term coin which needs to hodl for longer period without even undermining the market condition currently.

Bitcoin as you may know is not really good on a short term investment, moreover I believe that what we are talking about here is Bitcoin in a long term investment and not a trading strategies for there are other thread to talk about that.
Bitcoin is not like a Ponzi scheme where you will be told to invest today and get huge amount of what you invested x3 no for Bitcoin investment is for the patient one where one need to hodl for a longer period of time in other to have a better profit for a period of 6,7 or more years.

That is correct, and if you lump sum (or front load) right away, then you run a risk that the BTC price might go down, so you can either supplement your having had front-loaded (at a higher than the subsequent dipped price) by continuing to DCA while the prices ended up being lower or to have some extra that had been set aside to be able to buy on dips (that you had not known were going to happen but that you kept the extra money, just in case the dips happened, and they did end up happening so you use some or all of it to buy more BTC).


Yes.. that is an accurate description.  The extra $1,500 that is used to buy BTC right away would be considered lump sum investing and/or perhaps even front loading your investment at the current price that may or may not be going up, but the front loading/lump sum investment is a kind of preparation for up and a kind of insurance for up, just in case the BTC price does not come down, you are prepared for up by employing the lump sum.  And, so yeah, from your $3k, you can choose any amount of that and call it lump summing, especially if it is higher than your regular DCA amount.. and perhaps if it is higher than the whole amount that you are going to put in for the month.. It is not exactly clear how much it would need to be in order to consider it a lump sum, but under that facts that you describe it seems to be a lump sum.. and maybe even if it was as low as $500 it could still be a lump sum, even though in that hypothetical, you are already planning to DCA $300 per month (at $75 per week).

A guy who has no bitcoin is not prepared for up.  A guy who is a low coiner might feel himself without enough bitcoin, but he might already be investing as much as his finances and psychology permit him to invest, so in that case he is not a low coiner who is fighting the idea of bitcoin, and so there could be low coiners who really are not very passionate about bitcoin that they might be like a no coiner who is against bitcoin, so those guys would not invest, but it is difficult to call a low coiner as being against bitcoin, since the fact that he has some coins means that he is not likely completely against bitcoin, even if he might be skeptical of it and lacking passion in terms of the level of his investment into it.


That is an interesting way of framing the matter BITCOIN4X.    So yeah investors would most likely be having a longer timeline, and in regards to profits, sure everyone prefers to be in profits, yet long term investors are not focusing narrowly on profits and they may not really know if they are going to be in profits 10 years or more down the road... They would like to be in profits and they hope to be in profits, but they are still investing whether or not they are going to be in profits and willing to live with the consequences in either direction, and yeah sure the better case scenario is  to be in profits down the road, and they had chosen their investment (in this case bitcoin) with a presumption that it has good odds of being in profits and also that bitcoin is an asymmetric bet which means there are some reasonable odds that it could be multitudes and/or magnitudes in profits, and so if they weigh the possibility of going to zero and weigh the possibilities of various upside scenarios, the calculation shows that it is better to invest into their investment (in this case bitcoin) rather than not investing.

So maybe the odds that you come to calculate might look something like the below that in 10 years BTC will:

1) Go to zero (or less than $10) (and not recover)  - less than 1%

2) Go to a price that is between $10 and $1k (and not recover) -  less than 5%

3) Go to a price that is between $1k and $10k (and not recover) -  less than 8%

4) Go to a price that is between $10k and $35k (and not recover) -  less than 9%

5) Go to a price that is between $35k and below the current price ($66k-ish) (and not recover) -  less than 10%

6) Go to a price that is between the current price ($66k-ish) and $150k (and get stuck there) -  around 10%

7) Go to a price that is between $150k and $500k (and get stuck there) -  around 12.5%

8 ) Go to a price that is between $500k and $1m (and get stuck there) -  around 12.5%

9) Go to a price that is between $1m and $2m (and get stuck there) -  around 12.5%

10) Go to a price that is between $2m and $10m (and get stuck there) -  around 12.5%

11) Go to a price that is higher $10m -  around 7%

These ways of framing probabilities and price ranges for a 10-year timeline might not be exactly correct (because I am just kind of making up the numbers and the framing and trying to give a kind of possibility that I am considering off the top of my head), but we can still consider something like this as possibilities and to determine how much we might want to invest into bitcoin base on our own assignment of such numbers.  And, yeah of course the BTC price is not likely to get stuck in any of the price ranges that I list (especially in 10 years), but we might just be trying to get some kind of an idea where the BTC price might be 10 years from now.

You may notice that if we add up all of the scenarios we have 100% because it is meant to cover all of the possibilities of where the BTC price might end up 10 years from now.

And if we measure the downside scenarios from the current price, we have 33% and then there is just a matter of various degrees of upside scenarios that from the list, we might consider to be 67%.. depending upon which scenario but the upside scenarios add up to 67% with varying ideas of where the BTC price might land in the next 10 years-ish,  so we can develop further some of our BTC investment ideas and we can tailor our BTC investment in accordance with our current projections about possibilities of BTC prices into the future (in this case the next 10 years from today - or whatever alternative timeline that we might want to assign prices).  

By the way, I personally am more comfortable with assigning the 200-WMA to future valuations (rather than BTC spot price), but still we can measure the BTC price however we like.

And, of course, how the future plays out could help us to hone and to tweak our projections about BTC price, but we still have an outlook that is within ideas (framed in terms of probabilities that we have assigned) about how we might be thinking about bitcoin right now (at this particular moment regarding what might happen in the next 10 years), perhaps our ideas are guesses or maybe they are based on from where we came that helps us to assign probabilities to where we might be going in the next 10 years... and 5 years from now, we can make a new listing of probabilities for the next 10 years from that point.. or whatever, we can make a new listing of probabilities, whenever we feel like it and based on any kind of changes in our presumptions about what the numbers might be and if something in the real world might have changed some of our presumptions (that therefore affect our assignments of probabilities to a 10-year timeline or whatever timeline that we might choose to entertain).

Your clearly off topic on your Comment and no one cares shit about your perspective as a trader, this thread is not about trading but rather about buying and holding bitcoin.

You have a wrong perspective about bitcoin and you don't understand or value bitcoin as an asset if not you won't be thinking trading it, bitcoin is one is he best if not the winning asset of these times so it not wise and even a pure gambling act to be trading bitcoin, historically bitcoin has seen to favour long term holders even more than short term holders, why not go trade some shitcoin than play around with your bitcoin.

Your strategy revolves so much around timing the market and includes much analysis and one thign I am am certainly sure is that trying to time the market or prediction market movement can never have a good success rate cause bitcoin can not be predicted and it is highly uncertain, so yeah if this is true then your strategy is whack and you are clearly losing money gambling, why not better find safety In using the DCA method to accumulate bitcoin and hold for long.