Topic: Buy the DIP, and HODL! - page 303. (Read 123703 times)

DCA method is suitable for any investor because if they know the strategies they can definitely succeed. By using the DCA method for long-term holdings, it is possible to accumulate bitcoins on a monthly or weekly basis. The DCA method is the longer the holding and the more profitable the bitcoin.

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It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes.

Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value.

Yes and it is true that you will get greater benefits if you are able to run the application of DCA in your accumulation with the long term, most likely you will be able to achieve maximum profits in accordance with what you expect provided that you must really be able to maintain consistency in terms of budget allocation at any time that you have determined or planned at the beginning in the DCA that you run (recommended with the same amount), for me DCA is an intermediary or a way to achieve financial freedom which is quite good in the future. But before that what should be considered is your financial situation, you really need to make sure that you have an ideal income in life, having the ability to make ends meet is the main and most important point, the other thing has a remaining budget from the total income you get is a pretty good situation for you to start or keep the bitcoin accumulation that you have done and planned.

On the other hand of course there is no definite time to invest, I would say that it is your decision that will determine when you should start, so it means that if you are too focused on procrastination with a million reasons then obviously all the planning you have made will never work if it is not accompanied by action. Looking at the financial situation to be used as a benchmark for making considerations is the first thought that must be done, bitcoin does not force you or anyone to get involved in it but if indeed you have a pretty good or balanced financial situation even though you have to set aside a certain amount of budget for investment or other things then I think you can start joining the accumulation. On the other hand everyone would want to have a more beautiful future and bitcoin accumulation gives you the opportunity to achieve it with some suggestions and conditions that are suggested, but it all comes back to you in terms of making decisions and if you have started first then we expect you to stay firm on the plans you have made as well as putting firmness on the idea of "maintaining allocation consistency in DCA".

also has same thought, few days back when bitcoin hit the price range of $51k I checked my portfolio and a big smile appear on my face and same time I had a glimpse of memory when I was new in this space I was basing on some altcoins back then. I remembered how I thought I was an investor, half-size knowledge without knowing how the market work ended making countless losses and noticed I wasn't heading anywhere or doing myself any good. But things has changed since knowing this forum, And seeing the true beauty of bitcoin. So I would keep on accumulating more bitcoin, and bitcoin recent performance as motivated me more to keep doing so. And even went ahead seeking for some good sources of income to make my DCAing more effective. And I think you shouldn't be having such thought right now . All you got to do is to find way to accumulate more bitcoin in your portfolio because there's time for you to be among the testifies in the next bull run. that's the spirit, yeah using DCA strategies for long-term investment is just a great matchup. The longer your DCAing (long-term investment) more chances for to yield good profits. And holding for long is just the best

According to the DCA method, the longer the investment is, the more benefits will accrue. Since its inception in 2009, many investors have held Bitcoin for the long term to date. It is up to the investor who is ready to take the risk to invest at the right time. There is no fixed time to invest in Bitcoin, it is possible to invest only with proper thinking. I have participated in the investment since April 2023. And take everyone's advice to prolong my investment. I gather enough knowledge from here and am urgently trying to keep the investment alive for a long time and I am ready to invest more.

Yes I have considered that, and I believe that bitcoin will break past patterns. Sure there is no real rules governing Bitcoin in terms it's pumping level and dump.

You made me laugh so hard where you said "am I running out of words" I don't think a man like you will ever run out of words. 😂

That's what you have to prepare for, and you have to be consistent if you feel it's too late, although it's never too late if you do it for the long term because in the long term Bitcoin will always provide very satisfying returns.
And all of this must also be supported by our regular income and if you don't have a steady income and you believe that Bitcoin will provide benefits for you in the future, make that your motivation to look for it or do business. Because that way you can accumulate Bitcoin regularly and can also prepare emergency funds and also meet your needs, and all of this must be thought carefully and a solution must also be found so that everything runs well.
And in my opinion there is no problem selling a small part of Bitcoin's profits when it reaches its new ATH, and just to enjoy the profits or you have the desire to realize something you have dreamed of for a long time. And after that you continue to carry out your plan to continue collecting Bitcoins and it would be better if you increase your purchases when the Bitcoin price is falling, and use Bitcoins for your future and also to realize what you want.

Now that I know how bitcoin compounding works, I can see that it favors long-term investors. Historically, this has happened at intervals of two or even three times. Based on your explanation, if I started holding in 2015 and held it for four years, I would have received an eight times return on my initial investment . So bitcoin not only offers good compounding value effect but also a means to store value.

And this compounding effect would or might continue to occur because bitcoin will remain a valuable asset over time. Just look at how much it cost and how simple it was to obtain bitcoin in 2015. Then, picture what it will be like in four years, and you can see that I, as a holder, will still have the opportunity to profit even if the compounding value is only two times or even greater—no one can predict with certainty. Therefore, based on my theory—which I haven't tested—I believe that as bitcoin becomes more scarce, the compounding value impact may rise. Time will hopefully prove if I'm right or wrong 🙂.

I have seen the thread you creates on the fuck you status, it's quite broad and I take my time to look into it 😊.

And that is one thign I always had in mind when making any decision concerning my investment in bitcoin,"what if bitcoin reaches a peak from here would I also be amongst the testifies or do I have enough bitcoin in my stash to benefit from the bull run". And that's why I get aggressive at times with my investment not because of greed but I always have this feeling I started late and I want to try as much as possible to take a leap, and mind you I'm  doing this out of the comfort of a huge capital I already had at hand and moreover my business is paying of quite good and I still have that extra cashflow coming in, so when I say I aggressive I mean investing more than I think I should, and I managed to achieve this comfort by actually chunking down my expense, I call it discipline and I think newbies like me should try it too, cause I know if you want more bitcoin then you must also find ways to increase you allocation and also income.

And yes no need to be in such a haste or end up forgetting to build up your emergency funds or reserves or even keeping a good float which I Don't forget to do. And moreover I have prepared myself for every market movement that I think possible and I am taking action based on the possibility of my senerio happening, just that I chose to favour this one irrespective of anything. It could be a wrong choice and I could turn out to be a good one, all I am is prepared, but at the same time I know I can't be fully prepared.

Have you also considered @Justbillywitt that bitcoin will frequently break past patterns? and that there is no real rule in which limits how far any kind of pump or dump might end up playing out?

In other words, overly reliance on past patterns in regards to what you believe is most likely to happen might not sufficiently/adequately prepare you for what actually ends up happening.  Yeah, there are various ways to frame history in order to spin where you believe that we are based on where we came from and where we might be going, but at the same time, even though we can look at similar facts (charts and information regarding what is happening) and still come to a lot of varying conclusions regarding various possible scenarios regarding where we might be going.. including being financially/psychologically prepared for what ends up playing out, which may or may not allow you more time to accumulate at these prices, even if you might be planning that you are going to be able to accumulate more BTC around these prices...

In other words (am I running out of words?), there can be some value in terms of front-loading your BTC holdings, even if you end up screwing up and paying more for your cornz than you otherwise would have paid if you had been more patient.. and on the other side of that same, perspective is to consider whether you have enough corn in the case that BTC prices shoot up from here, rather than staying in some kind of zone that you thought to be helpful to your own speculations in your abilities to accumulate BTC in the coming months.

What's happening now is the pre halving pump. I have carefully observed that months leading to the halving bitcoin do pump more and dump less. I think it's just bitcoin following the same pattern of the established norms. So I don't think anything will change from previous times. It's very unlikely that a new ATH will be set before the halving. Since it has not happened this way for the previous halvings that has occurred. Bitcoin is just following it's natural sequence, that's why we are seeing this continues high. This continues new high will now usher the new ATH few months after the halving.

At the same time, we don't know.  We don't know if this is the top right now.  We don't know if there is going to be a top before the halvening and then nothing.  We do not know if there is going to be a top before the halvening and then several more tops.

However, we do know that if we invest and we continue to invest in bitcoin (and if we do not employ leveraging techniques), then likely the most that we can lose is 100% of what we had ended up investing into BTC, while at the same time, there are quite a few upside scenarios, including if anyone has any ideas regarding both the meaning of scarcity and the fact that these various new ETFs are continuing to vacuum up BTC at a very high and consistent rate - and also that they will not be able to hide the fact that they are vacuuming up BTC, without potentially having enough BTC if they try to screw around with their having the BTC that reflect the collateral of the shares that they are selling... so yeah, lose up to 100%, while at the same time considering various upside scenarios that still exist that could take 4-10 years or longer to play out.. and if we have been in for a while, do we still have 4-10 years or longer on our BTC investment time horizon.. do we have enough BTC and/or should we keep buying?

And, you 348Judah have ONLY been registered on the forum for a little over 20 months, so sure you are coming on 2 years, but have you gotten enough BTC in light of your own personal circumstances.. You registered in the forum at a very down time for bitcoin, but were in you in a position to be able to take advantage of the situation both financially and psychologically, and in retrospect we might be able to calculate that you would have had been in a better position to employ some kind of a front loading of your investment into BTC in 2022, but still that would have probably still been difficult for a lot of newbies to have had done something like that in regards to bitcoin.. even if you might have had been financially able to accomplish such..  

Another thing is that maybe you had been in bitcoin prior to your registering on the forum, but probably a more likely scenario would have had been that you were more whimpy in your BTC investment than you should have had been, so then you might still be considering the extent to which you should still be accumulating BTC aggressively right now.  For sure, I cannot know the answer for you, even though I frequently imagine situations in which many guys are going to need more than a whole cycle to accumulate,  unless they had been in a position to be pretty aggressive in their investment early on and that they actually employed pretty heavy aggressiveness, otherwise they likely should be continuing to accumulate.. and yeah, results can vary, and that's part of the reason why each of us have to consider the extent to which we have enough BTC.. and maybe even more difficult of a question when we have less than a whole cycle in bitcoin.

you're on point Jay, i got your scope in advising on this, the present pump may only be the means to encourage and compensate those that have already been holding for long, even before the halving on the onset of bullrun, they can start to enjoy the benefits of doubt they have all made in making bitcoin their investment asset, so for those holding for a while, they can still hold more till we arrived at a new all time sooner before or after the halving, even though it has always been a custom that we see the bullrun after the halving and not before, things can however change at this time, we should keep on the holding, for those planning to invest, its also the best timing right before the main bullrun begins.

Better yet.. we had a period from about mid October to January in which we bitcoin went from about $27k to $49k, and we hardly had any dips greater than 10%.. and yeah even down to the ballpark of 10% were ONLY a couple of times, and so finally when we got a dip from $49k to $38.5k (in the ballpark of a 21% dip), there should have been plenty of buying at that point, and sure no problem if you hold a bit of extra fiat in case it might dip some more, but at the same time, you realize that you are running a risk that it might not dip more, and in the whole scheme of things, a 21% dip is pretty damned good.. and we already had it.

Sure, we might get some more dips from here, and we might even experience greater than 21% dips, but I would not count on it. and the ONLY way that anyone can somewhat relax in terms of buying more BTC at this point is if he has already bought and is already sufficiently stocked up, otherwise, it seems better to just continue to buy however much you are able to buy without overdoing it... and you have to figure out what is the difference between buying as much as you can without over doing it and overdoing it, especially since you will not really know if you over did it, until the emergency comes and you are not prepared financially and/or psychologically.

One thing that we should be aware of is that the level we once considered bitcoin as being too high in terms of price today will be the level we be praying and hoping for it to dip to. That's why whenever I see people say they I waiting for the dip I just smile and mind my business. Few weeks ago bitcoin was around $45k and many people considered it too high for them to buy. Within a little while bitcoin got to $50k and they started wishing for it to drop back to the $45k they once considered too high for them to buy. We saw $50k and they considered it too high and now we are on $52k and they will now be waiting for $50k again as dip. So what am saying is the high of bitcoin today that you are running away from might be the dip you will be waiting for tomorrow.

If I really get you clearly I think what you are referring to is scalp trading that is done by traders in order to profit from small price movement which is absolutely not part of the thread discussion and on the other hand being an expert doesn't even guarantee profits and this is more like gambling. Bitcoin investment should be seen on long term perspective of about 4 -10 years or more which creates a better opportunity of experiencing compounding of your invested value. Mind you scalp trading for short term profit maximization within the shortest time frame has nothing to do with dca , in dca investors focus on the long term potential of Bitcoin rather than Short term Price movements. If you are thinking Bitcoin investment think hodl until you get to your expected goals and objectives.

I just want to add to what you rightly said, you really don't need to know technical analysis for you to be successful in investing into Bitcoin through the DCA method, because if as an investor that have so much faith in Bitcoin and is aware of the potential of Bitcoin long term then you will have only one duty, which is to just hold, the only thing I see as a problem if not addressed is having a source of income or an emergency fund so as you wouldn't be looking at your holdings when any financial problems arise.
Moreover if you pay close attention to the historical figure of Bitcoin and how it has aged like a fine wine 🍷 you will definitely be confident that in the nearest future, the price of Bitcoin can get even better than this due to it limited supply.

It is a good idea that after using a long time to invest in bitcoin, one can still have extra bitcoin that is not part of his investment portfolio, which he can withdraw little once in a while because of the excess profit that has been generated from his extra bitcoin. I like this concept because it makes you still keep intact you bitcoin portfolio since you are not withdrawing from it, and I have never thought of such idea. I am still in my accumulation stage, and maybe in future I will give it a try.

You are right, it is good to put everything into consideration, when you are investing and when you have reached the point at which you have reached your bitcoin goal, and how you will go about your withdrawal so that you don't make a mistake to over withdraw from it, so that it does not affect your bitcoin holding from good profit. Some investors can even make mistakes of selling all their bitcoin or withdrawing higher percentage from their bitcoin portfolio that might not be wise, because it can prevent them from the compounding value for the rest of their lives. It is nice that you stated this @JJG, because I might fall into the trap of over withdrawing from my bitcoin portfolio in future when I have reached my bitcoin target, which might make me regret, after such action in the latter.

You don't need to be an expert in chart reading and market speculation before you can make profit, all you need is to discipline yourself so that you will be persistent and consistent with your regular weekly or monthly DCA, and if there is room to invest aggressively, you can DCA aggressively, as long as you don't overdo it. You will definitely make profit over time, because with DCA you can buy regularly irrespective of the price of bitcoin at that moment.

Can't you already see the idea of compounding value within my previous discussion and pointing out 8-9 doublings of the BTC price since 2015?  The idea of compounding value should be clear from looking at the numbers, no?  which part is not clear?

Of course it is not guaranteed to continue to happen.. but if you happen to have some understanding how bitcoin is more scarce than fiat currencies (and likely more scarce than any other asset or currency in the world), then you also might understand why bitcoin is likely to continue to have ongoing compounding value effects.. even though, again, it is not guaranteed, so we should account for how compounding takes time and likely to continue to take time..

and I personally like to look at the 200-week moving average rather than spot price in order to also see how the 200-week moving average (which tends to the the bitcoin price bottom) continues to go up, which in my entry-level fuck you status chart, you can see both the historical numbers and also the projection of bottoms (200-week moving average) until 2074...and that may or may not end up being correct, also...so you should be preparing according to your own financial and/or psychological circumstances.



If you are getting to a point that you have accumulated quite a bit of BTC and you are thinking about how to draw income off of your bitcoin, then you could put it to practice, and even use a relatively low withdrawal rate if you are still in the process of trying to allow your BTC to continue to appreciate in value.., and so it could be a mistake to start to use it too soon, but also it could be a mistake to have a lot of BTC but also have no plan regarding how to start to withdraw them on a regular basis that is comfortable and likely to be sustainable if you try to stay within the parameter of the guidelines of the tool.

That's why its really important to consider a lot of thing before taking decisions since it can affect your investment if you instantly done wrong things on you BTC holdings. Its important for us to safekeep our funds especially if we want to aim for long term so that no offers or anything destroy our decision to take part on anything that can benefit us in future. We don't really need to over invested in bitcoin since there's a lot of other things that we can enjoy. And some people think its wrong to touch there btc holdings since they want to maximize their profit while actually they can still do that even if they pinch some profit when needed since they still have huge balance invested that can give them good profit once bitcoin goes pump and reach for another price level.

But at the end people have different opinion or interest and its up for them what they like to happen on their holdings. But anyways its good to see your sustainable withdrawal thread since for sure we can learn a lot from information's posted there.