Topic: Buy the DIP, and HODL! - page 284. (Read 136646 times)

Thanks for the clarification but I would also like to add this particular problem of inconsistency is not only tied to newbies because I believe even some persons who have been in the space for some time can still make this error. One thing is to start an investment and the other is to end up with the actual plans you thought of starting with. The points you just dropped are actually the basics to starting a Bitcoin investment because if you don't have an steady means of income where you can atleast cut out a portion that won't affect you if you want to save it as Bitcoin then you might likely just end up using that same Bitcoin you intend to save to solve one or issues that's needs attention just because the planning wasn't certain.

It is not only those that invest in bitcoin through the DCA method that's supposed to hold it for the long term. Let's not get things mixed up here. No matter the methods you used in acquiring bitcoin, your target should be for the long. Mind you all investment in bitcoin should be aiming for the long term. So thinking that using other one method for long term hold and another method for short term hold is wrong and it should be discouraged, because that's not what the teaching in this thread read is all about. I don't know where you are getting this your thinking from, but no matter where you are getting it from, it's wrong and you should stop it before you harm yourself and others who might listen to you, thinking it's the right thing to do. No method of bitcoin investment is for short term. I want you to get that straight to your head.

It is correct that any long term plan in bitcoin investment most be at least 4 years due to the halving circle for the investor to make profit from the bullrun, nevertheless, when I said 3-4 years long term bitcoin investment and you're disputing it that's because you are not considering the fact that there are investors that will be starting their investment after one year of the previous bullrun giving them three years left to DCA till the next halving and bullrun. 3 years is viable enough for a consistent DCAing investor to accumulate a considerable amount of bitcoin if he's doing $50 each week for 3 years to a next bullrun.  That was the angle I was thinking from that I had to say from 3-4 years could be considered a long-term investment. I should believe you now understand.

I get your point and sometimes people who live their life with little source of income can't just jump into investing in bitcoin so sudden. At the other hand short term investment is not even proper talkless of giving an advice with a short term mindset, I will always tell people like this to invest with the little they have using a long term plan. There's a way an investor will invest regardless their little source of income, besides the long term investment is more profitable, taking out profit due to short term plan is wrong, an investor with such plan will feel delighted but they're causing more harm to their investment especially when they have not accumulated much like a balanced portfolio.

don't make a big deal outta deciding if four year period is the perfect definition of a long term investment or not. I know you're coming from the place of a four year period being equal to a complete circle but even when you're looking at it from such angle, investing for four years doesn't mean that at the end of the four years you're going to end up during the halving, you've got to consider that for different individuals, the period they started stacking thier Bitcoin isn't necessarily from the start of a fresh circle and if they misunderstand when best to ever think on taking profit out of thier investment and confuse it that it can always happen once they've reached the end of a circle, then it technically means that someone that started stacking from 2021 can start thinking above taking his profit at this point because he has necessarily witnessed the end of a circle. But the reality is that within such space of time, the quantity of your Bitcoin would still be too small.

Even when you've been able to DCA for a period of four years, and you're in some  level of profit, the quantity of your stack wouldn't be still reasonable to have suggested you've made a good long term investment that's worth taking a profit from. Regardless of how long or short termed you consider holding for, what's necessary should be that within such space of time you should have stacked up a good amount of Bitcoin that will give you the expected profit that will see you to reaching your accumulation goal. What I'm saying in essence is, investing for a long period of time is good and if you're able to invest for as long as 20 years, it will be be better but you've got to ensure you're not just counting how long you're holding while accumulating little. You've got to create a balance between how long you're going to hold and ensure you stack up massively during that time frame.

That is why it's deeply advisable to know the purpose of a thing so that abuse will not be the order of the day, as long as the BTC investment is concerned one must know the best way to go about it if not after invest one will end up in regret because knowing the best way help you to accommodate patient as the best tool for the investment . You can't be making use of the DCA strategy when your mind is centered on short it will not work out, it's very important to engage in others activities that can sustain your financial needs which may serve as emergency money in order to free any thing that has to temper with the investment made on BTC mostly when using the DCA.

No body that lack the essential knowledge on how to go about this who heart believe on the income of selling in short term holding can actualize dream and benefits of Long term.

Killing the emotion of ATH when you have set to apply DCA strategy help to actualize the benefits associated to the strategy.

When we talk about DCA strategy, we are talking about a means of investment in a long lasting and convenient kind of pattern at which we are much likely to find conducive to hold longer without altering our portfolio. Let me briefly point this out, I see one reason why most investors are unable to hold on to their investment portfolio for a long time, it is simply because they had to stop investing and only have to monitor the price movement, it draws out their intentions and mostly interest them when they see their portfolio increase and disintegrate their mindset of holding when the price begins to devalue. Secondly, our mindset towards how we would like to profit from the market, an investor is likely to get profits in a shorter time as long he doesn't sell below his purchasing price and another investor is prompt to make much more profits while holding over many cycles than the other who sold just too early, we are then left to decide, short term or longer term.

what you should have asked yourself is if you're investing or saving up in Bitcoin for the purpose of buying your laptop? Their is nothing wrong if you want to buy your laptop and you don't have enough resources to buy it at the time and then you DCA till you've reached your goal and then you sell off your holding for such purpose. Sometimes we need to be realistic enough to know that depending on what your short term goal is and how important it will be in ensuring that you're productive, you can take advantage of buying and then holding for few months and once you've reached an amount that's enough to buy an asset that will help you to become more productive with work, you just sell and use it for such purpose and maybe when you're comfortable enough to start really time long term DCA you can set out the right modalities in place to help you achieve that.

As simple as this your situations is, an average person that's in this thread have hard to sell part of his holding to meet up with things like this and as a person, thier hard been times I invested and HODL for about six months because I needed to save up to rent an apartment since I was just done with school and needed a quick way to save up for my house rent. I was fortunate that within the months I saved up, Bitcoin actually increased above amount it was when I started buying and i was abke to sell it and rented my current apartment. I knew the risk involved since I was working on a short timeframe and I knew the possibility that when I would need the money, Bitcoin might possibly go dip putting me in a situation where I would have to choose between waiting longer before selling or selling at whatever price Bitcoin is and probably end up being in loss but fate shun well on me and it works well for me. But then, short termed investment isn't always profitable and if you're unlucky, your plan might go futile and you probably wouldn't be able make anything good outa it.

Mate,  I don't completely agree with you on this. However, let the clarity be made for what should be called short term and long term Bitcoin investment, in terms of duration. Holding a Bitcoin investment is at the minimum of 4years that is one halving circle where Bitcoin normally hits above it's previous ATH. Hence, any Bitcoin investment below 4 year shouldn't and can never be called a long term Bitcoin investment just as you included 3years in your expression, every long term Bitcoin investment should be from 4years  which is a whole a a whole circle and above which is another way of differentiating long term from short term Bitcoin investment, they shouldn't be seen as a long term Bitcoin investor or a hodler and I can not comfortably call them Short term investos but will preferably call such sets of people traders.@jayjuanGee I hope am correct?



There is no smartness in what you are trying to say, rather it is a short sighted approach for completely relying or paying attention only on buying the dip which is completely a waste of time and probably miss buying opportunity, Bitcoin can go up and never come down to the price point you were considering to be high, but with dca strategy weekly or monthly you are already there in the market while making other preparations for buying when there is dip which will give you the opportunity of buying more Bitcoin with the same amount of money at a price lower than it's previous high.

Well don't feel bad on the opinion of some people since they are just guiding you towards the right approach on how you can deal with your bitcoin investment.

Consider to read this https://cointelegraph.com/learn/day-trading-vs-long-term-cryptocurrency-hodling-benefits-and-drawbacks

Short term trading posses huge risk since its like you are trading your all capital in exchange with small profit but when you lose a huge part will be gone that's why experience investor avoid this since this know how risky this type of strategy and they go with more better option which is holding since they just need to plan their accumulation phase and then they wait for many years before they decide to sell and gain big profits with their holdings. Although its not easy since there are mental challenges that we are facing but if we practice ourselves to be more patience for sure we will ignore the thoughts about doing those risky trading decisions.

Glad I caught this, you’ve done justice to my inquisitive thoughts it was a simple thought which I hadn’t looked too deep into but after reading your message, I figured it to be a brilliant idea one can practice by only increasing the money used for DCA during the bear season.
Mind you while doing this to avoid letting it affect the money leftover after investing, This would cause a significant increase in volume of your Bitcoins more than regular DCA strategy.

Just as Frankolala as said, you have successfully reduce the potential of your bitcoin generating good profit for you in the long run .this is also the reason they keep saying that avoid regular checking of market , because one may only endup getting his self tempted to withdraw from their investment . And we are still in the accumulation phase only those that have gotten far with Their accumulation can choose to take some profit form their holding because they have already gotten themselves a good quantities already and they all pass through this stage ( accummulation stage) before getting to where they are now . But is not too late you can continue your bitcoin accummulation with your DCAing to accumulate more bitcoin while you hold .


Well is true that most people don't enough cashflow and all that , that why is not advisable most time to go all in whenever you're investing , so one may choose to use DCA strategy by allocating some percentage of their earnings into investing in bitcoin and the other percentage to solve some financial situation while Holding. So aslong such individual is planning to hold for 4-10 years he or she would have enough time to sort things out and continue with their accummulation with such time they would be able to secure a nice portfolio for themselves. And most people are In short-term investments with the mindset of trying to get rich fast ( which is a greedy act) and not encouraging at all.

You notice that usually the only successful investors are those who have invested for the long term. Because if you invest in DCA method then you must be sure that your investment will be long term. Because whenever you are not planning your investment for long term then you should not invest it in DCO method. Because DCA method of investment any investor is ready to do it, some invest with built up money and others with small amount invest it regularly for long term. So there must be a plan on what kind of investment he is making and how long he can be patient and his success will depend on it.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

There is nothing wrong buying a computer which is also your basic need but I thinking selling your Bitcoin holding because of this mean you did not make provision for emergency funds (money for any emergency that might come up while you are holding). To be able to hold your Bitcoin without having to sell this way, where you already demonstrated regrets, you have to plan your investment better. You don't put all your money into Bitcoin, the first step is usually to set aside some funds for your basic needs then some for emergency before you put the balance into Bitcoin. This way you will completely remove the pressure to sell when you do not plan to from the beginning. If you do not consider this option, then there is the possibility that you will continue selling your Bitcoin this way when other needs comes up in the future and that is not the way to HODL Bitcoin. I had done this method before and I ended up not making serious progress with my investment. $20 weekly growth is far better than $100 weekly growth that will end up coming back to $10 growth on the long run. This is what selling your Bitcoin for basic needs can do so by all means avoid it.

If you already know about the DCA method, then you are set for better investment approach. Just consider setting up the emergency funds I suggested in my response above, the continue with your DCA from the balance and you will make good progress.

Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

But anyway there is no use in thinking about what has happened,

  Now we should be well prepared for the next half opportunity, I would say, to avoid making the same mistake I did, you invest now and forget this investment for a long time, either you invest more together and hold for a long time or regularly Invest on a weekly or monthly basis using the DCA method for long periods of time. After you invest, instead of thinking about the price of Bitcoin, focus more on holding and keep holding without looking at the price for a long time, you will surely achieve a lot.

I don't know why you are saying that people can invest in short-term, when we are talking about how to invest in a way so that you don't end up regretting your actions and wasting your time. Most people that think Bitcoin is a scam are people who invested in short-term because of their short sightedness and they run at loss, because they thought that bitcoin is is get rich quick scheme. The reason why one must invest in a long period of time in bitcoin is because of the risk level due to its high volatile nature. The long term investment limits the risk, and become future back up.

So tell me is a business that you took your time and money trying to run it, so that it can grow, and along the line when it is on its way to flourish, you sell it out and keep the money due to little profit, is that not a waste of time and an act of being unserious with life. I see people who think or invest in short-term as people who don't know what they want, and are not planning for the future. Holding bitcoin for a short time is not investment, because investment is something that is allowed to grow for a very long period of time, that can even be inherited by the heirs.

When investing in bitcoin, invest in long-term and enjoy your old age, and also make your children proud of you, for using this little opportunity that you have to buy bitcoin regularly through DCA weekly or monthly and hodli for long.

That's just a strategy commonly used by investors to see the best opportunities for them to be able to buy bitcoin, and there is nothing wrong with that. But as you said, whatever price is the best price for Bitcoin and the best time to buy it is today - because when someone waits for the price of Bitcoin to fall, then they may lose their chance to be able to buy Bitcoin at the best price. So instead of having to worry about it, it's better to buy it directly and then hold it for a longer period of time or buy it periodically using the DCA method.