Topic: Buy the DIP, and HODL! - page 288. (Read 108784 times)

waiting for bitcoin to get to a fixed price before buying is not a realistic method but the best thing to do is to set out the range of amount the price of bitcoin will fall to before you start buying and also set the range of amount the price of bitcoin will get to before you can sell off your holdings. Except you want to be a greedy investor if not, knowing the most convenient range of value I buy the DIP shouldn't be a big deal and should be a fix stuff because the volatile nature of BTC itself suggest that the price of BTC isn't stable and that while you are waiting for the price I go down to the threshold you've set for yourself, others are waiting for the bull run which will counter your plans of buying at the DIP.

This is usually not a problem with buying the dips, from you perspective it seems difficult to dilute the whole concept but let's buttress; no matter the price fall of Bitcoin it's still an opportunity for you to accumulate more Bitcoin, If you bought the dips around 42k price and the continue falling to a 40k and then to 38k price it doesn't call for panic rather it's another opportunity to grab more bitcoin. instead of getting confused you should make use of all the dips whether a 40k dip or 38k dip you should buy more when it dips because sure the price will bounce back and when it does it now becomes a discount for you. instead of buying at a high price that's the essence of buying the dips. And this kind of issues are one of the major reasons why we are advised to aways be prepared for the two ways movement of the Bitcoin market, if it falls more because you're prepared you will seize the opportunity to buy more and when the price goes up you become more profitable.

From the concept of the thread which is buy the dip and hodl you should start understanding that the dips are not a problem rather an opportunity in the Bitcoin market.

you actually right, back then i focus on buying in dip most time end up missing out because all my target was when the price is low I will buy and sell when it's has risen to a certain profitable price but never do me any good because always miss out ever since I started using the DCA strategies I've seen my portfolio increasing even when sometimes market experience some corrections, I don't panic at all I just take as opportunity to buy more.

When practicing the DCA strategies the chances of you missing out pretty low

I'm happy to have passed this stage in my Bitcoin journey, at least I know what I am doing and what to look out for, I have develop a method of building my Bitcoin portfolio that helps me buy effortlessly without having to be confused. Those who are yet should do same, chose your method of buying and work with it to avoid distractions because building Bitcoin portfolio could turn emotional exercise if not followed with rules.

To be specific, I adopted the DCA method some time ago and I have been using same to build my portfolio. I'm happy with the result so far and I'm glad I was able to make the decision to use it. I could buy at the dip once in a while depending if I got excess of my projected income. When I do this, I buy when the market drops and become a little stable within a zone. I don't usually care if it goes further than that after all, the DCA method is in place to buy if it gets lower.

The early one develop a strategy in buying Bitcoin, the better because a strategy saves a lot of energies and time.

At the first stage of investment planning, a new investor only thinks that he has to invest in Bitcoin. Before investing in a new situation, he has no idea that he has to hold his investment for a long time, but after investing, he gradually learns more detailed information about the investment. Very few new investors know about DCA method of investing. An investor invested 100 dollars in the first stage and later he thought to invest in stages but many investors do not know that this staged investment is considered as DCA method.

Those who have enough money and who have prior experience in investing can invest large amount of money at once as well as they can invest continuously but for those who do not have additional financial support DCA method of investment is a very effective method.  

By the time we are discussing long-term investments, many investors may be selling their investments. For example, if I plan now that I will hold my investment for the next six years, then in 2030 it will be time to sell my investment. Similarly, those who held their investment for six years in 2018 will sell their investment in 2024.  

I also have a solution to the issue you mentioned about waiting. If the investor has enough money, he will keep some money aside for the period when the market will come down a lot, but he will invest the remaining money consistently. If the investor plans in this way then I believe he will be able to make use of the opportunities that come along with investing consistently.

We should plan and decide on investments in such a way that we can definitely hold the investment for a long time. Investments should be planned in such a way that they can be retained rather than planning with the possibility of retention. It can be seen that this week I invested an extra amount of money, next week my demand for some money fell and I sold the investment and managed it like this but the investment did not happen. Invest a relatively small amount but be sure to keep an eye on your investment so that you can hold on to it and not sell your investment due to any danger.

If you buy a dip in the Bitcoin market you can basically buy once. But investing time should not be wasted hoping to buy this dip as we have started investing here with DCA method. From JJG discussion we learn about long term investment, so we will mainly invest regularly in DCA method. So if we invest for the long term as a simple solution then our next holding portfolio will turn out.

Initially, I was using only the DCA strategy in accumulating my Bitcoin, but since I started following this Buy the DIP and HODL, with the knowledge JayJuanGee has shared here, I have been able to adopt another strategy that allows me to buy the Bitcoin dip with the money I set aside to use in buying the Bitcoin dip and I also continue with my DCA strategy after I have bought the Bitcoin dip.

It matter on how they capable of and what price they like to enter since at the end of the day they are the one can decide regarding if they want to enter on certain level or not. We can also see the level of understanding what people show since it became obvious to us especially if they are showy on strategy show to us.

I also often became aggressive for acquiring especially right now that there are good drops happening since I always believe that there will be more for bitcoin this year especially ETF and halving is there so for sure we can get good profits by third quarter or fourth quarter of this year if there's good hype will be build up after that events to occur.

For this year I am more doing DCA and only spend a little bit for long term since current possible hype for this year is good for that strategy and for sure there's a lot of people will get rewarded just like other halving year where big pumps happens.

One of the things you most understand is that the possible factors that crumble investment is actually caused by poor investment planning so perhaps I will suggest that in other for you to last longer on your Bitcoin investment is never to invest all the money you have because if you do there is every possibility that you may not last long because there is no way you will not ran out of funds and you will be left with no option but to sell off the Bitcoin you already accumulated.

Since you are still new on investment I would advise you not to be too aggressive on investing on Bitcoin because if I understand you correctly it seem your strategy of investment is to invest all the money you have without a reserve funds and with the believe that sometime in the future you will have some money and then you will keep it as a reserve funds, actually that's a bad investment planning because if I may ask what are the chances that other serious need will not arise before the time you had in mind for the reserve funds? So actually the earlier you change your investment narrative the better for you, so perhaps instead of putting all the funds on the investment you could just cut it down by investing half of it using DCA method and keeping the other one as an emergency fund then if other funds comes up you could still cut it again and invest half because with this method your chances of tampering your investment because of other needs will be reduced.

It always coincides with my current personal situation. Where this morning my wife kept raving Bitcoin went down right after she bought it. btw he's been doing DCA once a week, now it's been going on for about 4 or 5 months, I need to be his mentor in dealing with unexpected situations like you said with extreme potential. There are many things that can be done including cultivating a strong mentality, avoiding negative media a little, and making sure not to look at Bitcoin prices too often. He just tries to buy, withdraw it into his wallet then forgets about it until next week when he goes in to buy.

Talking about trends definitely refers to longterm trends, we are still quite at the point of improvement, but if we are referring to shortterm trends then we don't have any targets in the near future, other than waiting for the halving which is around 100 days from now.

https://coinmarketcap.com/events/bitcoin-halving/

Please don't invest all your money in Bitcoin, that is not how to go about Bitcoin investment else you will be forced to sell your Bitcoin when something that you need money for comes up in the future. The topic of this discussion is how to buy and HODL, that is keep your asset for as long as it is necessary. Many things are required to be able to hodl Bitcoin and part of them is that you do not put all your money in Bitcoin but some of them.

If you have some money now and you want to start investing in Bitcoin, first calculate (you can estimate if you do not have the exact figure) how much you need for your basic needs up to when you expect to have another money, keep that aside and check how much will be remaining. From the balance, remove some money again for any emergency that can come up between now to when you expect another money and also keep that one aside. Then you can invest the remaining money in Bitcoin and you will have peace of mind.

This way, you will be living your life normally while also making your Bitcoin investment and trust me, you will not be under pressure to sell your Bitcoin when problem come up in the future. Chose the best way to buy that is suitable to you, as have been explained in this topic and you are good to go.

Of course having money reserves is important in investing but I am a new investor and I want to invest all the money I have in Bitcoin. It's not that I won't have money in the future, I definitely will have money in the future and I can definitely keep some money in reserve for investments if I want to. I made an investment and made this sudden decision without much prior planning in holding that investment. Since now thinking about investment again, it will definitely be in my plan to have a reserve fund so that the investment is not irregular.

How is that possible?  Bitcoin price does not go up and down all the time.  Is the dip you suggested to purchase correct at all?

Since the Bitcoin market is unregulated, what decisions can be made when buying a dip is if the Bitcoin market is bullish. The bitcoin market will not be so low that when buying bitcoins at $10, secondly if buying dips then how is it possible to get $15 equivalent bitcoin digits. Ever wondered how much the bitcoin market would have to be to get a $5 profit if you bought $10 worth of bitcoin?

The current bitcoin market is up to 41.3k, here if you buy a bitcoin for $10 you will get 0.00024 bitcoins. If you want to collect 15 dollars worth of bitcoins with 10 dollars then the price of bitcoins should come to 31000 dollars then you will get 0.00049 digits of bitcoins.

@Tmoonz You judge how the price of Bitcoin can be so high, why are you misleading people with wrong advice. Is it possible for such a big Bitcoin market dumping, never.

Investing in the DCA method is a method in which you will continue to buy bitcoins regularly and hold them for a long time. Bitcoin should be invested in weekly or monthly DCA method. And once you start investing bitcoins with DCA method you will be attracted to investing yourself. DCA method is popular among all investors.

I'm not a fan of victimizing an obvious advantage over an anticipated one, in real sense, I would not advice someone to tamper with their already DCA accumulation journey because they're optimistic the there'll be a dip some day, and they buy with the money they've been cutting out from their DCA accumulation strategy, NO. In  financial intelligence, you don't alter your already  existing investment, to entertain another one, , instead you make new plans to contain a new Idea without hurting the previous one. Tampering with your investment routine before maturity is a very bad financial advice.

For and effective DCA accumulation, consistency and dedication is key, if you'll cut your routine purchase from $100 to $70 for buying the DIP,  you're no longer consistent. Now convince me that you'll not cut it further down to $50 if there's another interesting accumulation idea that comes to your mind?.

I'm a big fan of a win win formula and I believe from the time you feel that there's going to be the possibility of a dip and you're interested in buying it, you've to sort out another means of accumulating money for it, you can take up a new job solely for that very purpose, and create a different account to hold funds for buying the dip, you can also cut down  your spendings to be able to save more. Its better you find a way to make more money to buy the DIP whenever it presents itself than tampering with your already running investments. That way your DCA accumulation journey isn't tempered and your buying the DIP plan is effectively serviced.

Well, comprehensive writing, and now you understand why it is best to patiently buy Bitcoin and hold it for a long time instead of aggressively buying it with the intention of taking quick profits. You know, I started my Bitcoin investment journey just the way you did until I became acquainted with it. All thanks to Jayjuangee for helping me through this period. My candid advice to you is to maintain consistency since you have chosen a refined investment strategy that has worked for you. I am focusing on consistency here because if you started buying your Bitcoin with a specific target in mind, then you stopped at the way, maybe because of other expenses that you did not put into consideration, which will hinder your accumulation target, thereby increasing the time to reach your target.

If you have been following this thread for some time, you would have come across the part where Jayjunagee mentioned that Bitcoin is best invested in percentages and DCA is the right strategy to invest in using percentages. All you have to do is divide your income based on percentages into an emergency fund, monthly expenses, and investments. If you follow this method, you will not encounter any difficulties in your bitcoin accumulation. This is a risk-free and stress-free investment strategy that will increase your accumulation without worrying about the price movement of Bitcoin.

Lesson well learnt, many will definitely take advantage of the knowledge being shared here while others will miss out, the individual cash flow is what i consider very vital follow by the investment strategies and getting started because procrastination could possibly lay off the target.

Waiting for the expected dip could be very risky because their is no guarantee that you can even be satisfied with the dip you are expecting, you may probably be waiting for more dip, take advantage of every dip by increasing your DCA is another smart approach, if your DCA allocation is usually $10 monthly it can be increased to $15 when in dip instead of waiting for the perfect dip that may not happen.

I mostly don't care about what people would say with respect to this decision I've made, and if I end up on a profit or loss is not of their concerns too. From what you've said to me before now, which I'm standing on and I feel would work best not just as a strategy but also as a mindset, I would keep on buying and trying different things out until I've got that pattern that gives me that comfort and balance. And I plan not to go to aggressive till I end up in regret, cause I really want to hold, I'm not really looking for a short term profit from this action. If I'm able to keep on accumulating at a steady pace which I can increase as I know my numbers better and my emergency funds grow larger I believe I would still be at a the winning side on the long run, just that the only mistake I can minorly make is too end up accumulating a small percentage at a higher price when If I had given the market a different approach I would have end up accumulating even better.
And as continue to study your examples, I keep on seeing reasons why a good strategy and emergency funds can help me accumulate more for a lower average investment than even aggressively buying. And I believe as I continue to get acquitted with the experience, the feeling would reduce and confidence would replace fear. The fear or unease I'm feeling right now is coming totally form my lack of experience and when I get more experience, confidence would totally or I'll feel more comfortable with any challenge that comes my way.

Now I get, I was initially thinking I would continue adding to my emergency fund like forever, that's why I've asked some time ago what's the use of emergency fund. Now I've got a clearer picture here. I think when I done building my emergency funds i would direct  that money for dip buys sunce it would put me at a better profit, since I'm actually buying BTC  at a lower price, I'll still adapt a little but flexibility so a little lump sum would not be that bad too with that extra going into my investment.

Thanks for the update, I'll start doing it now so i can get used to it. I guess having different senerios planned out and me tracking my progress in numbers would help me have a detailed documentation of where I am, where I aspire to be and where I'll be in a few months or so. This tracking process would really help me out in case I make mistakes I could know in details how I got there and I could easily analyse it and also learn from it. I guess this would be really fun. Starting to get fired up All over again.

Yeah my comfort is all that should matter to me, and having a good reserve for a start would keep me at peace in case the price start racing against me.


A journey of a thousand miles begins with a step, although I'm not acquitted with the road, I'm ready to keep walking until I'm used to it. In essence it's all about having a steady investment into bitcoin that can continue for years than to go aggressively and end up not been able to continue and probably because of poor initial planning and just diving in with reading what the sign says on the road. I'm here so there are mistakes that I can be saved from when I share my problems.

Wow neva thought of this. This is more accurate than the way I planned on using excel. That means I could plan up to even 10 years ahead putting numbers in place helping me to better guide my steps. With all this different senerio I'll be ready for anything that way I won't worry much about anything.

Waiting for Bitcoin to drop to $38k before buying can be risky because it's quite likely that Bitcoin might not go down to that specific price again. Instead, it could only dip to $40k and then start rising once more. This waiting game might cause you to miss out on the opportunity to accumulate Bitcoin for the entire year. Many people made this mistake when Bitcoin dropped to $20k; they expected further drops, kept waiting, and missed the chance to start buying. While getting Bitcoin at low prices is beneficial, waiting for an even deeper dip might not be a wise strategy.It's possible that the price may never reach the level you're aiming for, leading to missed opportunities and regret. It's important to strike a balance between waiting for a good price and seizing the opportunity when it arises.


If you're thinking about buying Bitcoin and hoping for its price to go down to $38,000, there's no guarantee it will happen. Instead of waiting for this specific price drop, a smarter approach is to start buying a little bit of Bitcoin regularly, even at the current price. This method is called Dollar-Cost Averaging (DCA). It means you invest a fixed amount of money at regular intervals, regardless of the current price. By doing this, you avoid the stress of trying to time the market perfectly.

Regardless of Bitcoin's present worth, building up a collection over time can be a wise move if you want to keep onto it for a very long time. By doing this, you may take advantage of Bitcoin's potential growth over time and create a more stable investment without having to worry as much about the cryptocurrency's short-term price swings.

I don't think it's a problem for them to wait for the cheapest price to accumulate Bitcoin, they can wait for $30k, $35K or $38k as you mentioned. Yes, they can make purchase entries at that price without disrupting regular purchases with DCA. I often implement more aggressive purchasing planning at a cheaper price level with funds that I focus on purchasing at the lowest price but that will not disrupt my planning in DCA at all, meaning that DCA continues to run at every stage.

For this reason, it is important to have USDT in your wallet which can be prioritized for buying at unexpectedly low prices, for example making a purchase entry at $20k or $30k. Yes, even though it takes time and it is even difficult to happen at the moment, we don't know if the market situation could suddenly change strongly. However, for those who don't do it DCA or they just buy all at once with a cheap entry, it will certainly require patience to see the price at the level they are targeting. But generally they will miss many opportunities if they continue to delay their purchase. Doubts should not exist for someone who is a loyal holder, meaning they continue to buy with DCA and also buy at the lowest price with the reserve funds they have planned.

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.