Topic: Buy the DIP, and HODL! - page 258. (Read 136205 times)

You don't just invest because someone gave you an opinion to invest. You have to take time and do your own research about such investment, see the challenges involve in it and check out if you are ready and willing to face such challenges. The general view about bitcoin investment on this thread is for long term hold, once you have understand that concept very well, the next thing to consider is your source of funding, how stable it is, of course multiple sources of income is highly encouraged for every investors. You have to make plans for your emergency funds, reserve funds and floating funds. Before making your first investment. These things I mentioned above has to be in place, If you go through the thread you will see how extensively these things were discussed, because they are the fundamentals to a successful investment and long term holding. Bitcoin investment is nothing something to rush into without putting these things in place, because if you neglect any of them you will have difficulties along the way.

@As -Soon-As,  I could say that it is a wrong choice of words or intention to approach investment in terms other options, you don't just follow the crowd or Make investment in terms of what people seems to talking about or doing, it cuts across having your own personal conviction which will allow you make that informed decisions according to your personal situation, every investor must tailor down his or her investment plan to suits him or her not because it seems to be a general opinion , you must understand your psychology, your financial situation, investment goals and objectives that will be personal to you not based on people opinion.

It's not really about getting of proof of someone who is using the DCA but the question is are you accumulating? Seeing other people's proofs without making a step to have your own portfolio is a total waste of energy and time. It has oftenly been discussed about the need to DCA as a beginner and someone who gets your income at regular intervals so you can accumulate at every time your income comes into your DCA and by so doing you will get a whole lot of stashes in your portfolio. Why making Bitcoin investment also consider applying the best investment practices to acquaint you with the proper knowledge needed to guide you all through your investment processes.

The image shows how difficult it is to make a bold step because of too many obstacles that will arise but at last you will reach the peak of your investment because Patience and perseverance is the step to owning a mouthwatering portfolio.

I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!

Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.

We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;

1.)It doesn't require much knowledge to start

2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.

We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.

This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.

If they don't have community like this to discuss any bitcoin investment discussion then provably they would messes everything they do on their investment. That's why research is important and for sure if they are resourceful to find reliable information they will be redirected here. So glad we can see a lot of people talking about their methods used and experience also have veterans sharing their insights to help people understand what's really best thing to do since they can learn a lot which can help them to became successful on their long term bitcoin investment.

The DCA strategy is really a good option to use and it need to execute well that's the reason its important for newbies to know more about it so they could able to do this strategy well without getting bothered by anything since for sure a long way on their accumulation their are fuds will destroy their focus that's why they need to get equipped with knowledge so everything is good to them and they can earn harvest the best result and experience on this journey.

I think this will make some newbies to mess up their bitcoin accumulation plan because they might use the money they kept for their emergencies to buy the dip in other to accumulate more bitcoin at a low price and if there is any emergency they will not have money left to solve their emergency. Even though bitcoin is in a dip, newbies should stick with accumulating bitcoin with the DCA strategy so that they can accumulate bitcoin without trying to buy aggressively, which they didn't plan for. The DCA strategy is also good for accumulating bitcoin because it will also help newbies accumulate bitcoin when bitcoin is in a dip, and they will not be concerned about buying the bitcoin dip. With the DCA strategy newbies will not want to time the market in other to buy bitcoin at a dip, they can accumulate bitcoin even when it is increasing and decreasing and it also controls their emotions.

Honestly, investment shouldn't be done attaching emotions to it especially when it is a long term, yeah it is expected that you build your psychology sufficiently/adequately enough in order to make an informed decisions. However, I believe Bitcoin has the potential of appreciating it's value over time surely, the price may fluctuate an uncertain but it has still shown that it has the ability to recover with it's potential of appreciating and growing it's value over time. Generally, the market can be very uncertain but yet we might need to consider what we believe to have possibilities as that is what Will give us the mindset to focus more on what can be achieved rather than thinking about limitations.

you are actually correct about that. let me take for instance if I had  baught btc around late October 2021 peak at  $61,410.28 as an old investor, thinking I have accumulated alot, I might be disappointed seeing that late December 2021 end price of btc has dip down to $46,387.98 per btc. surely if a new investor uses thesame amount I used to buy 1 btc, he could buy 1.25btc having more btc compeard to me. if another investor also bought btc in early part of January at the rate of $20,250.72 you would also notice that the amount I use to buy 1 btc in October 2021 would be used to buy 3Bitcoin. all this is cause by volatility that is why reserved/discretionary fund is good so as to use it to buy when the price is down as a form of dip and hold strategy while DCA is a normal weekly procedure. that is the only way to scale through this.


definitely, but It depends on when you bought your coin. like those who baught btc at the rate of $100 each, will never face the challenge of buying at higher price and it dips and another person bought cheaper than the first person. I think people who actually accumulated alot that never regret the ups and downs market fluctuations are those early adopters who accumulated less than $100. because even if btc surly reaches $75k and dip down to $20k, they are still at advantage. so I presume early adopters should be classified as those who bought below $100.

 

This is something one has to believe that Bitcoin price will recover no matter how much it goes down. Recently when Bitcoin price drops below 20k there were speculations that Bitcoin will go below 10k. But those who have believe in Bitcoin were saying it's the last time we are seeing Bitcoin below 20k. So it depends what you feel about Bitcoin. I have a strong feeling that Bitcoin price will go above with time. Though it may drop to some unexpected low's.


Having said that I am fully convinced about Bitcoin, I don't have huge money to go for lump sum investment rather I will go for DCA and if I see price of Bitcoin going down 200-WMA then I will take that opportunity to go aggressive. It's a kind of ideal situation that price of Bitcoin is down below 200-WMA and you have cash to buy bitcoin  
    


It's my money so I am the one who will enjoy the profit or bear loss. I am convinced that my money is going in right direction.


They want to play safe or don't want to take the risk that's why they go for ETF to avoid risk or legal complications.

I think one of the reasons why people usually fail to strike a balance between whimpy and aggressive Bitcoin accumulation is often lack of experience and organization.

Because this two are key factors when drawing the line of Accumulating Bitcoin, the more one understands his financial status and the risk involved it will help determine how aggressive one should be in Bitcoin Accumulation.

Experience from previous investment will help one understand the risk and the benefits in investment and that will be a guild when venturing into a new investment.
There are potential risks associated with Bitcoin investment, such as high volatility and risk of losing money.
If someone fails to notice all this risks but always putting focus on the benefits of Accumulating Bitcoin it will lead to investing over aggressively.

Is very nice and good to be optimistic about bitcoin potential for profitability but if not controlled can lead to being too aggressive so is very important to balance the aggressiveness in order to make good investment.

About automating investment I think it will be helpful when trying to maintain a consistent bitcoin accumulation strategy and also help in preventing one from making mistakes that we jeopardize his investment.

You speak from a Trading Technical approach, using an indicator to approach a volatile market like Bitcoin. Guess, you know indicators for lag and shouldn't be the only confluence for action as well as newbies Coming to this thread to learn might get confused and then to leave the path of DCAing, having an emergency funds, and long term view of the market as approaching bitcoin from your view as a Tradable coin is wrong rather than a Valuable Asset.

Using the word Everything is misleading,  the market is unpredictable so I don't encourage rather everyone stick to there plan and approach with caution to avoid regret.

And that's isn't the way Mate, you talk from the perspective of short term gain, that shouldn't be the motive of any investor, we must understand bitcoin price volatility, within last month and this month we have seen how price Dip and pump, that explains better that buying or accumulating you should have a set plans with a long term view from 4-10 years which isn't guaranteed wether or not you're in profit but sure you would have determined how your portfolio is by then.  Bitcoin have proven itself, no need to fret as for now we still act withing the resistance level of the ATH formed.

I know that it might be hard for some people to control their emotions when they have invested in bitcoin when the price dips or pump, and they rush to sell which means that they are weak hands. This is why it is adviced that you should only use the amount of money that you can afford to lose, in the sense that even though bitcoin is crashing that investor would not be worried, because he can avoid to let go of such amount.

It also boils down to having a long term goal to reduce the risk in bitcoin volatile nature, and stay focus on that with your body and soul, so that no matter what happens, you don't sell until when you have reached the prepared time after along period of time. Also this is why one is advised to use DCA strategy to invest in bitcoin so that with your discretionary income in order to be able to overcome any tension of selling at loss. Long term investors and hodlers don't panic when the market dips, because they see it as a norm. Short term investors see price dip as a threat to their lives and money.

The facts remain that any investor with the objective of long time holding don't panic when there is a dip just as it occurred in few days ago but see it as great opportunity to accumulates as much as he/she can because after bull run may find it difficult to accumulate as per what the dip can offer.

 One investor after see the drop was so worried as how the market is going down that his emotion can't hold , because of our individual difference I see that what make most person not to practice long term holding is not just because of emergency fund but emotion when ever the market is experiencing a dip many feel they can run into loss as the BTC is volatile and rush to sell off their BTC , my advice is we should build up our emotion though is not possible to take away emotional feeling on investment but one can control it by believing on what you are into and stand to the end.

If the goal is still the same as the target of buying on Dip and holding for the long term, I don't think anyone needs to spend any more time doing research related to marketing. Because the only weakness when we see the Dip price is when we don't have much money to buy, even though our desire to buy is very big when we see the price has started to Dip.

And now the price of Bitcoin has recovered and is heading towards $65K so that people who did not hesitate to buy Bitcoin when it was below $60K have once again experienced victory due to the surge in Bitcoin prices which started to occur again at the beginning of this month. This can be a valuable example for everyone that price corrections only occur briefly, but the next price increase in Bitcoin is always more likely to occur in the near future.

FTX CEO obviously scam a lot of people and CZ case is somehow maybe part of the way how government want to control those business running under on cryptocurrency industry and his sentence is so small and he can get out on cell in 4 months. Then from that maybe he can get back on business and for sure he would be more careful on every businesses he want to take. And glad this news didn't give so much bad effect on bitcoin since those people who want spread some bad news to test out if they can move the market out of a lot of peoples fear.


The situations happen on FTX should be a wake up call for other that they should not go with those shitcoins but rather they focus to invest on bitcoin since this is the only coin that can give them guarantee that they are safe from being rug pulled and have great chances to gain especially for people who always look after with this coin for long term.

At the end of the year we may not be satisfied with our holdings as the DCA strategy implies consistent short buying. In this case, you can buy a bit more than the series when you realize that its price has entered a bear cycle if you have a floating cash supply. Recommend you to do more research on these marketing strategies. Again after some time when the market rises in the bull cycle, continue with regular DCA and you can get the benefit of over-accumulation in earlier DIP and the average price will fall.

I agree with JJG that someone who invests in the long term targets it as an investment for their old age. On average, they choose a long period of time because they want to find profits that they will enjoy in their old age, which of course means there will be no pressure on their journey because they invest a small amount per week.

For me, the best position is to carry out a regular purchasing routine, which is probably one of the routines that they must maintain in their long-term investment journey.
Some people with large wealth of course accumulate large amounts, but there is no significant difference because in the equation, only the amount is different, but in planning, of course it is the same, namely investing in the long term.

I think someone will not be satisfied with their BTC holdings because if we already love BTC then we will continue to buy every week. An increase in the portfolio of the number of BTC which continues to increase with accumulation every week will make us more enthusiastic to continue doing it every week.

Of course, as you have experienced as someone who has been buying BTC for a long time and keeping it until now, you definitely have high enthusiasm to continue to increase the amount of BTC you have.

I have learned enough from my debates with JayJuanGee that buy the DIP, or DCA, is a matter of personal preference and to do what YOU are comfortable with. But the point of that post is, keep doing DCA if you want. BUT if there's a crash and an opportunity comes to buy the DIP near or below Bitcoin's 200-Weekly-SMA, then BUY THE DIP WITH EVERYTHING YOU COULD AFFORD.