Topic: Buy the DIP, and HODL! - page 266. (Read 136371 times)

No doubt poverty start from the mindset of a man, the way one think determined how far the door of success can open, there no body who think this way can achieve greatness is like jeopardizing one future with temporary benefits that amount nothing.

Many discussion here has shown how far one can succeed on this Bitcoin investment as no other best way and easy means than using the DCA strategy and Long term holding, thinking otherwise by deploying any medium of selling and buy with short time which the profit may be very infinitesimal is not ready to change he/her financial level because by their fruit we shall know them. But very wrong by the way to be in forum like this and still loose opportunity that changes your life by investing wisely because any less than holding for long time is just like cutting corners which amount to nothing, a short cut is always a wrong cut.

It sounds like you are going to have fun staying poor.

Since the only way to really see a good profit on Bitcoin is by holding and we all know what holding is all about because it has to do with a long term process so getting a loan is the worst planning as an investor because the chances of paying back the loan through the investment is actually not going to be possible because it could happen that immediately the person gets the loan and invested it on Bitcoin the price starts falling and instead of seeing profits the investor is still losing and we all know how Bitcoin price fluctuations could be at times were as it will consolidate within a certain zone for a while, so if perhaps the investor is still on the losing side when the loan will be do for repayment how would he be able to repay the loan?.

Actually Bitcoin is the best investment that has ever happened to us but going about it in a wrong way could seriously get you into a serious trouble, so perhaps that's the reason why Bitcoin is not like every other investment that requires a huge funds before starting up, so instead of getting a loan one could actually use the little he or she has to start investing using DCA method because you don't necessarily need too much capital to start.

Actually, buying on dips definitely requires time to wait for the price to fall to the target we want. In line with this idea, you have to apply another idea so that your bitcoin accumulation continues, namely buying with the dca strategy once a week. To apply it simultaneously you only need to divide your money to buy in dips and buy regularly so that you will focus on the two patterns that you will carry out in bitcoin investment.

So far, I think people have misinterpreted buying at dips, where they only wait for the decline but don't make regular purchases so that it will make you need more time to reach satisfaction with your BTC holdings.

This idea is far from the main objective of this DCA strategy for me this method can't be called seen as long term holding but trading, which deviate from the purpose of the DCA because all your target is where little profit will come in and you sell and also seek means of buying back. To everyone who can do well on trading I can't say is bad but in this case here our major focus is the DCA which is associated with long term holding , buying and selling is associated with many risk that can kick out investor easily in the market because is like steady monitoring the system which most time one may loss out as you may not trigger more than the required buying and selling that can give you enough profit. But in the case if the DCA as you keep holding everything accumulate for you you don't need border much on monitoring the system or market since you have a targeted year. One of the most important thing of DCA is that the more people hold or practice long term holding it quickly bring to reality some speculation of BTC rising to some level ATH before when there is no much selling the the investor may buy higher due to few are selling in the market from this rise you that have invested on DCA is gaining more on your holding but if you continue to sell you depreciate the speculated market by investors. Though not DCA can accommodate everyone but not possible all we use the method but engaging many can actualize the dream of raise the price through holding for long term.  if truly is DCA is your target using the method is not ideal and has nothing to do with DCA As is strictly trading pattern .

I will not support borrowing to invest in Bitcoin. The chances of it ending in trouble is high because loan have duration to pay back which you are not sure that Bitcoin will be able to have risen for you to sell and pay. Besides, buying Bitcoin with borrowed funds will steal the peace of mind that is needed to hold the investment for long term which is highly recommended for investment in Bitcoin.

It is very difficult for an ordinary individual to borrow funds whose tenor is 5-10 years, the benchmark for Bitcoin investment. The best I have seen for individuals is 3 years tenor and this is even through government intervention programs. Borrowing to invest in Bitcoin is under 3 years duration is somehow a short term duration that might not be ideal for long term investment.

It is better for the individual investor to start with what he has and possibly apply the DCA method if such amount is not what he targets as total sum to invest in Bitcoin.  As time progresses, he would have been able to get inflow from other means, part of which he can continue adding into the DCA program.

It is very easy to say to buy and hold at DIP prices but there are many steps you have to go through and difficult to do. It is important to get your desired DIP price and have sufficient funds on time. 3-6 months of emergency cash reserves – so that your investments are not adversely affected in times of emergency. Or the investment margin is protected in the middle. Bitcoin investing can be risky in the short term so you should have a long term plan i.e. 5-10 years. Investment strategy for 6 months may be a lot of risk of being damaged. In investment, of course you can reflect independent and reflected in your will but it is better to have your alert investment system.

That is not a good strategy, and mind you we are not talking about selling but how can a new investor buy bitcoin and the strategy which he can use to make sure that he keeps on buying and at the same time keep on hodli for a long period of time. Investing in bitcoin is for the future and not to sell in a year or two, because it is the same thing as trading. The best way is to assign an amount based on your own discretionary income after setting aside your emergency funds, reserve funds and float. You use that amount to buy bitcoin regularly either weekly or monthly, and make sure not to skip any week or month so that you can gradually grow your bitcoin investment portfolio. Let's say you do this consistently for 4 years and above.

Buying and selling to buy back not ideal, because you might end up running at loss after selling, you might not be able to buy back if bitcoin price keeps pumping, which make it not a wise idea. Slow and steady win the race. No need to watch the market before buying, as that is not important when buying using DCA strategy.

Why will you compare bitcoin to fucking football betting. It means that you don't have any idea of bitcoin. Bitcoin should be compared with other assets like gold, and real estate. Which have being in existence for a long period of time and business tycoons have understood that they appreciate overtime. Bitcoin is even better than those two that I mentioned because of her high volatile nature, and high demand for it.

Just a bit u said, comparing bitcoin with football betting , that is gambling is something I don't really understand .bitcoin is an investment  while football betting is gambling .No investor will ever compare bitcoin with football betting  ,rather football betting should be compare with shitcoin.shitcoin and football betting can never be compare with bitcoin because they have no value.

I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.

I find it strange when I see such recommendation about attempting to do analysis of the market before buying, most expecially when you're considering the fact that you're talking to someone that's still trying to factor other aspect of his life out and still find a middle ground to invest a portion of his cash into Bitcoin. From a first person point of view and considering that I've worked at some point in a place where I'm being paid monthly salary, it's always deficult to keep your salary in your account for long without spending it on unplanned things since the pay isn't always that much and if you've decided to invest let's say 20% of it into bitcoin and then after you've received your pay you decide to wait and probably analyze the market for the best time to buy, you might end up spending the money all out before you're even done with you analysis. What's even the point of stressing yourself to analyse the market before buying when you're considering investing for the long run? Will you be able to continue doing that for a period of ten years

The point some guys forget is that you don't really make much profit from your Bitcoin investments because you've been able to time the market to buy at certain DIPs, the point about buying during the DIP which I feel is what he's probably referring to while talking about timing the market is that for individuals that have additional funds outside of there DCA amount, they can decide to take advantage of those moment when they eventually play out and increase the quantity of there Bitcoin that way and it's never for just anyone that's still with a small portfolio and that don't even have a good amount of fiat to consider such things.

I totally disagree with this statement here that I made bold, as  an investor, I think it's pointless analysing the market because as an investor that is only thinking long, it actually not necessary doing that, analysing the market are meant for traders, not an investor that is only thinking long term.

But I fully agree with this other statement that we should only invest money we can afford to lose, to me, that is what a good investor in Bitcoin should be doing, by investing an amount of money he or she can do away without for a very long period of time.

If you compare the glory that Bitcoin has with football betting, it will have quite a difference because the glory of Bitcoin at this time is so much that it cannot be compared with anything. Especially if you compare it with football betting which is very far away and for loans that will be used for Bitcoin investment capital, I think it would be better if someone had their own money that they have collected so far to be used as investment capital in Bitcoin rather than too reckless to make a loan for his investment capital.

Even though it wasn't wrong to do it because I had a place to borrow it, if I was given the option to do something like that, I would prefer to collect the money first. Because in terms of investment it is never too late and we can always start with the capital we already have now so we don't need to bother thinking about when we have to pay off the loan.

As long as @martinex have figured out the amount that he is using for regular DCA without it affecting other financial aspect of his life, he does not need to analyze the market. This is because he needs to focus on accumulating, and analyzing the market will be a distraction for him. Also we know that to analyze the market is difficult and no one can predict the next price movement of bitcoin, which always make most traders run at lost. He is not trading but hodling and building, which makes market analysis useless to him.

The reason why you see that @martinex Satoshi that he bought is not the same like he stated on his post is because the price of bitcoin fluctuates. This is why using DCA is the best method to accumulate and build your portfolio, because you will always buy bitcoin at different price. As a beginner that he is, he should continue with using the amount that he believes is his discretionary income to buy weekly or monthly regularly, and he does not need to increase it, to avoid shortage in other financial aspects.

However, if his discretionary income increases, he can also increase the amount that he is using to DCA. This will help him stay consistent and persistent in accumulating weekly or monthly.

Since you are using a good strategy to buy bitcoins, I think it will be beneficial for you to buy. But you must keep in mind that investing should never be short-term thinking but for the long-term you should invest and hold the fraction of bitcoins you will have. Since you are a working person, and you are running the household expenses from your monthly salary, the amount you will invest later is small, but it is a good move for you. Since you regret investing this amount every month and maybe a little more next month, this buying style is not bad either. If you invest using DCA it will de-risk you a lot, but you should always analyze the market, and it will be good for you. Also, you should know before investing that you only invest the amount of money you can afford to lose.

I don't know where y'all got the loan inspiration for investing bitcoin from but be rest assured that you're making a big mistake if you ever take loan to invest in bitcoin knowing how volatile the market can be, it's a very bad decision.

Now, let's say you took a loan to invest in bitcoin as a result of fomo, then it's absolutely the biggest risk of your life. Basically bitcoin is not a get-rich
-quick scheme, so when you're thinking of investing in bitcoin you should be thinking of it in a long term cognition as it doesn't give profit over night for you to pay back loans, hence I will advice you better take a job, work extra hours for more income, do extra jobs you can do two or three jobs to increase your monthly income and at the end you should split the incomes to fit in for investment as you need an emergency funds for about 3-6 months of savings in order for your investment to be safe.

Anyone thinking of taking loans for bitcoin investment should resist such suggestions let's not get ourselves into trouble while trying to invest in bitcoin. The concept of this thread is buy the dips and hold which means you should buy specifically for a long term not a short term that warrants the suggestions of loans, so loans and/or borrowing of any kind shouldn't be an option.  

The journey of BTC is still very long and this is only just beginning and only a few percent, the important thing is that we have started buying by continuing to commit and for the amount it must be different assuming everything has been calculated correctly that when we buy BTC with DCA-style installments it does not become an additional burden and damage our work physiology because we both feel the current level of need is all high,  Moreover, it only relies on one currency, which is salary.

I am also a person who has a monthly salary and works in the government, For investment I focus more first on my family's monthly expenses and for investment I allocate buy BTC with DCA according to propriety, sometimes this month it can get 0.00047 BTC and sometimes next month it can be up to 0.00067 BTC.

Loan has side effects to investment, it acts as unforseen circumstances most time remember the market may not go as you speculate within the period of loan towards your investment, it's better to sell off your valuable property and use it than involved in anything loan because the term or condition of loan can course you pains at the end where your purpose of holding won't be achieved, except you have no plan of holding your only investing to target profit by quick withdrawal which is contrary to DCA strategy, engaging on loan to invest for me is considered poor planning strategy for an investor who uses it as medium for investing on BTC it can be for fiat system but  for the purpose of long holding or the DCA strategy is not advisable at all as that can destroy your investment overnight.

Remember that for you to borrow on investment on BTC it shows that your financial income is very low because if your income is ok you can plan yourself and cut off percentage that will be comfortable for you to invest without going into loan, remember no loan is interest free and most time required collateral if the market dose not work as speculated before taking the loan to invest you may be loosing in both side, the aspect of your collateral and the market. Selling the property can give you rest of mind why you invest with it, than taking loan to pay back with interest.

problem of many in Bitcoin investment is planning because if you don't planned well it will be difficult to hold BTC because when pressure is all around you the only option will be to sell off your BTC by then your investment has be defeated there is nothing wrong in starting with what you can afford that will give comfort and allow you to hold long time than create room for unnecessary pressure that will terminate your investment , starting a raise is not the issue but ending it well that where the results lies .

Yes it is true that you should not invest your entire income or 100% of your income. If we are involved in a company or business then we don't have to use the money we get from it for full family expenses. Apart from family expenses we have some amount of spare money if we invest in Bitcoin to accumulate that money then it can be a good venture for us. We don't have to use our entire income to invest if we choose to invest in Bitcoin with the extra money we will have for our family expenses.

Even if one adopts the DCA approach to their Bitcoin investment they must have a source of income.Suppose you resort to DCA and even continue to invest well for a few months, if you sell the investment midway when you need to meet your family expenses, your DCA investment will be worthless. So before investing in DCA method we have to plan properly and then invest we also have to keep in mind that for any reason we don't have to sell our investment in the middle.

It's a very big risk you are taking there by investing your 100% of your income. Even if your salary date is very close I still encourage you to go all 100% in with your income. What if something happens along the line and your salary is a bit delayed from the usual schedule. You know whatever that involves human can experience some setback at one point or the other. But to be on the safer side, you can go in with at least 70% of it and hold on to the remaining 30%, if the salary comes as you were expecting then you with the 30% you set aside. This is done as a precaution should in case there is a little delay of your salary payment for let's say few days or a week. If the salary didn't come immediately as expected, you will still have your 30% to cover your expenses. This way your daily life won't be affected.