Topic: Buy the DIP, and HODL! - page 311. (Read 123703 times)

A job is definitely needed to keep bitcoin investment right, if you are out of a job then you can decide to sell your bitcoin holdings if you face any danger. So this is why the job is special, you can keep your investment active in the Bitcoin DCA method with a portion of the income from the job. There must be an external source of income to meet basic human needs. Bitcoin holdings would not be sustainable for long without eros.

Financial advice is very often aimed at Newbies because of their limited knowledge in this industry, newbies must do it slowly according to the funds they are ready to lose. Carrying out regular weekly or monthly DCA is a very profitable strategy in the long term, this type of investment strategy carries very little risk due to the increasing price of Bitcoin. Confidence in Bitcoin can make investors able to hold it longer even if there is a slight correction, assets that have been saved can be maintained by increasing the amount of assets periodically at a slightly cheaper price.

Discipline, courage and not easily panicking can provide a better future. It is not easy to go through this journey due to the market continuing to fluctuate, Newbies must be patient and increase the courage to endure it longer for the main goal of changing their lives in the future. Bitcoin provides opportunities, only people who dare to make decisions will get these opportunities.
Bitcoin investment has provided many benefits for investors, Bitcoin investors will certainly be safer than saving fiat money at home. No one knows you have Bitcoin as long as you don't tell other people, the best steps to protect yourself and asset security need to be increased to prevent unwanted things from happening.

I understand your emphasis on the stability of the source of funds but about job security, sometimes it will be somehow difficult to determine the security of the job. That being said, I do not see the need to use the though of job security as a factor because it could be like complicating the entire planning process. In addition, if you bring in so many unnecessary factors into the equation, it can only lead to discouragement, procrastination, and eventually lack of investment into Bitcoin.

I have known that there is no perfect thing in any business with Bitcoin investment inclusive. There is no perfect time, no perfect entry price, no perfect buying strategy, all we are doing is just take the best approach in the midst of many options. So we will not wait until we get the perfect job, perfect cashflow, and perfect everything before we start accumulating Bitcoin. When we are confronted with a situation of things like job security, the best thing to do is to assume the job is sustainable and will not be terminated any moment. We could play that way and hope for the best. If it is also a contract signed for certain number of years with possible chances of extension, we can plan with the earnings for the number of years of the contract without extension so that even if the extension did not happen, we will be fine. In this case, we will become more aggressive in seeking alternative sources of income within the time you have to the expiration of the contract.

I think that you are on the right track to suggest that in this thread we should primary be thinking about bitcoin, even though surely some guys are going to have other investments and sometimes we might have to make comparisons that also might include considering why bitcoin is a better investment, but even if bitcoin is a better investment, some folks will come to bitcoin and they will already have some of those various other investments, so they might be left with choices regarding the extent to reallocate some of their exposure from some of those other investments or even whether to continue to invest in those other investments, and these are not necessarily easy choices, and even employer retirement plans (such as 401k) might have matching contributions that complement the tax advantage posture of those investments, which can create a lot of dilemmas for folks who are figuring out where to put their money first, especially when so many folks are already used to NOT investing even to buy property or to have 401ks.. ...

so somehow some of these folks who might already be in the habit of not saving/investing much might end up getting prejudiced if they do not buy bitcoin directly, at least with part of their investment portfolio.. and the recommended amount to allocate to bitcoin is becoming higher and higher, and even if bitcoin is the very first investment, it could take years and years before the size of anyone's bitcoin investment becomes large enough to start to consider some kind of need to invest in any other assets besides bitcoin and cash.


There are probably better HODLers than me, and I consider myself a bit of a contradiction because ever since mid-to-late 2015, I started to put into practice a sell on the way up strategy, and when I first started doing it I made quite a few mistakes, but I have honed my system several times over the years.. and there are quite a few members who criticize me for such practice with claims that I should not sell any of my BTC, even if I am saying that I have it already figured out in such a way that I can sell and that I never will run out of BTC.

I sell so small amounts that even if the price shot up to a $million, the amount that I sell would not even amount to very much.  I think that when I first started selling I would sell close to 15% for every 100% that the BTC price went up, even though my target was supposed to be 10% for every 100%, but these are kinds of ballpark figures that kind of worked themselves out, but the amount kept gravitating down, and it seems that now I am close to 5% for every 100% rise, even though if you think about it, if the price doubles that would mean that 50% of the bitcoin holdings would be profits, and some people (especially traders) consider that they can trade all of their profits and still be working with house money, but if you ponder further into the matter if the price keeps going up and at every doubling half of the BTC are sold as "profits," then such bitcoiner would never experience any compounding effect from his bitcoin holdings..so when most of the profits are allowed to continue to roll over, then in dollar value, the parts of the BTC holdings that roll over are compounding upon themselves over and over and over.

I also claim that I was ONLY able to employ this strategy to cash out on the way up based on my having had reached a position of both over accumulation and also because the BTC price had been going up in crazy-ass kinds of ways that justified using bitcoin's own volatility in a way to complement my own BTC holdings.. which surely is not a pure holding strategy but it still emphasizes HODL, and I don't even recommend anyone follows the same strategy as me until he has built his BTC stash up to a certain size in which he is MOSTLY no longer accumulating..... so there is a need to build the stash to a certain size before it even makes sense to transition into some other kind of strategy.. and how are we going to know when we have reached such accumulation level?

It seems to me that each of us has to figure out for ourselves when we reach that point in our BTC stash accumulation journey that we are able to start to employ something other than pure BTC accumulation and transition into something that is more akin to maintenance and the selling is not in order to buy back cheaper, but the selling does end up providing some insurance for buying back cheaper, as long as we are mostly selling within a formula that we are mostly selling from profits and not depleting our principle and not depleting the ability of our BTC stash to be able to compound on a regular basis... which it has done historically, even though it is not guaranteed to continue to do it... even though bitcoin's investment thesis seems to not really getting any weaker..

We likely also need to try to make sure that if we are transitioning into using any such strategy that starts to allow the sell BTC on the way up, our employment of such strategy presumes that we have reached a certain number of BTC that allows such strategy to be permissible, then a decently large amount of those BTC (maybe even 70% or more) have to be fairly strongly secured in either private wallets and/or some kind of cold storage, and none of us can exactly tell anyone else how to reach such status or how to assess that they have reasonably reached such status (without their own having had made an assessment error). 

I frequently question myself and even looking back at my own bitcoin history in terms of whether I really did manage my BTC as well as I should have had managed it, and sometimes my earlier assessment of what I was doing ends up varying from my going back and reviewing what I did when and why I did what I did... So in many senses, many of us may well make various mistakes along the way in our bitcoin journey, and sometimes we still may well end up having overall success (and even particular success), even though we may well have had made several significant mistakes along the way.


Some times it takes these losers a very long time to realize their mistakes.  I have a few friends who I sent a decent amount of bitcoin at various points between late 2014 and late 2016, and so you can imagine even relatively small amounts in dollar values are ending up to add up to quite a bit in times like this, and I even made some statements to suggest that they need to be guarding what I had sent them and maybe even buy some more of their own.. and sometimes they did both of those but then later down the road they lost courage and sold all their bitcoin.

Another example of a guy that I had sent many transactions in bitcoin over the years and he tended to just sell them or to not hold onto his coins, and when I saw him in mid 2022, I was a bit depressed about the price because it was bouncing around $20k and yeah there was a lot of trauma during those times, and when I continued to tell him that he might want to get started (or restarted) in his bitcoin accumulation, he suggested to me that this could be the top, and I agreed with him that it could be the top, even though it seemed more like a bottom to me, but I was not going to proclaim to know, even though I told him that it would probably be a good time to get in and just to DCA...

So even if he took a conservative approach and did not lump sum invest, but instead just invested $100 per week since the beginning of June 2022 until now, to date he would have had invested $8,900 and he would have had accumulated 0.411 BTC (currently worth $18,627), and surely in any event having 0.411 BTC would not be a bad place to be right now.. .. and surely anyone taking an even more aggressive investment stance would be even in a better position to be in profits and poised for the possibility of more UPpity... which surely is not guaranteed, but it feels good to have some cushion in your stash..

Think about that even if this friend of mine had front-loaded by investing $25k (and he made some mistakes since the BTC price was then around $20k.. but he ended up over paying) to buy a whole BTC and then carried out that same $100 per week DCA strategy, by now, he would have had invested a total of $33,900 and he would have accumulated 1.411 BTC (currently worth about $63,918), and that does not seem to be a bad place to be, even if it is seems to be a pretty large investment amount and even if he might continue to invest $100 per week, or maybe he might want to increase his investment amount, but even if he stays with $100 per week, he still would not necessarily be in a bad place, even though in western standards he still would be quite a way from reaching entry-level fuck you status.. since even my entry-level fuck you status chart is suggesting that it still might take around 7 BTC to be at entry-level fuck you status in 10 years.... but anyone who had already accumulated 1.411 BTC in the last couple of years might feel that it could be possible to work towards such a thing - even though none of us can really know what is affordable for anyone else.. so if he just sticks with $100 per week, he still might be able to reach 3 BTC in 16 years, which would also be western level entry level fuck you status by 2040-ish.


You are not going to get any arguments from me in terms of focusing on bitcoin first and also the various advantages of bitcoin, yet at the same time, the larger your investment gets, the more you do have to make sure that a decent amount of your bitcoin is held in private wallets and/or cold storage (maybe 70% or more of it).  When your investment is smaller, it may not be as BIG of a deal, but even small investments can sometimes end up appreciating quite a bit in value.  I recall during 2017, I had some of my BTC holdings in various kinds of online wallets (and even on my phone), and I would never carry that much around on my phone, but was a kind of accident based on how fast the BTC price had gone up and I had not gotten my systems into place to be able to make sure that I held my coins in private ways and in cold storage kinds of ways that are not overly complicated, but they are complicated enough that it is not easy for anyone except for me to access them under the conditions that I have set, and including some ways in which I cannot even access them in very easy ways.. and many of us have also learned that we might not want to go into too many details about our own security set up even though we sometimes will discuss some of the possible ways to do it and even get into some specific suggestions which may or may not be exactly how we do it.. so there is some needs to make sure that it is not difficult but that it is not easy either... because no one would want to either have his coins taken or to have had lost his coins through his own over complications.


This is a bitcoin thread.  Hopefully no one is concluding that DCA works with shitcoins, because one of the presumptions regarding the benefits of DCA is that ultimately at some point the asset is going to go up in value and you will be advantaged by ongoing buying it because generally speaking its longterm trend is upward.. even though in the short term its trend might not be upward.    Except for bitcoin, you cannot presume that any shitcoin's trend is upward.. so hopefully people are not that dumb to buy shitcoins with such strategy, even though there are a lot of people who use the DCA term in shitcoins, and they might not realize that the shitcoin may well not have an upward trend.. ..so most likely we can say that DCA is likely to work with BTC, even though it is not even guaranteed to work in BTC, but at least bitcoin's investment thesis is likely strong enough that any of us should be ready, willing and able to DCA into bitcoin based on that kind of a presumption.. and the less confident that we are about bitcoin's likely ongoing upwards price trend, then the less that we should be investing, and the more confident that we are in bitcoin likely ongoing upward price trend, then we should be able to invest as aggressively that we are able to without going so far as to end up recking ourselves due to poor financial and/or psychological management.


Back up plans include emergency funds, and/or also other possible ways to earn money.. so we have to have some ideas about our cashflow and expenses situation to figure out how large we might need to keep our emergency funds and even some of our expenses might be discretionary too. but some might be somewhat sticky and not easy to change.

Ensuring a stable financial foundation is crucial for safeguarding long-term Bitcoin investments and avoiding potential disruptions. This means having dependable streams of income to rely on, which act as a safety net, reducing the temptation to sell Bitcoin during times of financial strain. Without a reliable income source, individuals may feel compelled to liquidate their Bitcoin holdings in the face of unexpected expenses or emergencies, undermining their long-term investment strategy.

Additionally, even in the event of a consistent income stream, it is advisable to set up emergency savings in order to deal with unforeseen circumstances that might otherwise necessitate early Bitcoin sales. These savings serve as a safety net against monetary downturns, enabling investors to weather storms without having to liquidate their reserves of Bitcoin. In short, by placing equal emphasis on emergency funds and dependable income streams, investors can strengthen their ability to withstand short-term volatility and hold onto their Bitcoin investments for longer, ultimately optimizing their chances of long-term growth and stability in the volatile cryptocurrency market.

This is not a very good advice to give newbies, cause they could start to develop a short term investment mentality from this, and I believe that our goal here is to hold BYC not to sell it to make profits, and we have talked about this kind of practice from time to time here as been very risk6and could lead to regret expecially when they sell with hopes of acquiring more BTC which no different from gambling with their holdings.

I think what you have meant to say is, its good to have a time frame to accumulate bitcoin, and we have said that a good time frame for a minimum should be at least 5 years of holding.

Another factor I think is that many persons are still very ill informed about bitcoin as a digital currency and asset especially the normal 30-40 year old that grew up in a time when fait was just reaching its peack and physical assets like land and gold where still the best investment you could engage in. And those who have idea of have have heard little about it are either still concerned about how it works and probably want to rely on someone to teach them about it instead of doing their own research about it and even if they want to wouldn't know where to start.

But with bitcoin ETF I guess this problem has been solved since trusted companies like Blackrock has now bridged the gap between having so much knowledge about bitcoin and investing in it. So if anyone still doesn't invest in bitcoin, it's now a thign of faith in the asset and as @Justbillywitt said  requires motivation from 3rd party to engage in bitcoin investment.

In as much as one believes in the existence of Bitcoin and as a coin worth investing prioritizing profits maximization over time without considering that things could go side ways can also be bad, irrespective of the fact that every business or investment is built on profits maximization, there can be loss too, tomorrow  they said is pregnant and filled with uncertainty being ready to accept that there can be loss too  and  even considering what the worst situation could be not just  looking at the profit side of it. This will give you  the emotional rest as you are growing your investment and don't forget the saying that don't invest more than what you can afford to loss.

I really don't think job security is paramount here in things to consider before investing into Bitcoin, because in life anything can happen, even the job you feel that is secure, they might just lay you off for no just reason, because life is unpredictable, and that is more of the reason why we should not play with our savings and emergency fund, because that is what going to keep you going till you get another job.

In everything that we do in life, we should always have a backup to them, this will prevent us from suffering huge loss on them under any circumstances unforeseen to us, Ive seen someone having his job and still making bitcoin investment by trading partly, when he lost his job, then he fully have enough time to engage into trading in full, there's no much vacuum created as a result of loosing his job.

The security of our assets should also matters to us in a very big way, we cannot afford making silly mistakes with our investment funds when we are just thinking only in one direction.

  yes one can actually loss his job, that is life full of uncertainty, but at most time it is advisable to have passive income streams which one  of it's enormous benefits is that it reduces the fear of job loss. It will become more easier for an individual to reach his financial goals when having a multiple streams of income by achieving them much quicker than if there was just one job, it helps in ensuring that you have a consistent and reliable source of income and at same time giving you that emotional rest needed to manage your asset properly.

Hmm, that's true Mate! 
I agree with you that both are not parallel or common.
There are two different methods. I'll try to elobrate a little bit about DCA and trading/holding.
DCA is a crypto-tactical strategy that means Dollar Cost Averaging and is used to reduce the impact of price fluctuations as well as used to minimal the volatility of investors assets (portfolios).Besides that, there are also strategies like Lamp Sum, but the majority of crypto enthusiasts prefer DCA over Lamp Sum. So it means that DCA is the best strategy to use for portfolio diversification.

Trading and holding differ significantly from DCA. In Trading you need to learn the sentiment of the market. In the term of Technical analysis, after that, you can trade in it or hold it. So I mean, trading buddy needs a lot of effort. As it has to be seen from every perspective, it means technical analysis + fundamental analysis and specific time has to be given i.e., time entry has to be done when the market situation allows it. And if you lose, it cannot be recovered, despite the fact that in DCA, you have to put less effort into trading. That is, you have to consistently invest with less effort, and if you do lose, you can easily recover it on another diversification.

Anyone selling his accumulated bitcoin when the price of bitcoin is high to buy back more bitcoin at a low price is gambling with his bitcoin accumulation plan, and he or she could miss out on owing bitcoin. For instance, let's say Johnson bought 0.03 BTC for $1200 when the bitcoin price was $40,000 and sold it when the bitcoin price got to $45,000, and he made $150 in profit. For Johnson to buy that same amount he sold, he will have to wait for bitcoin to dip below $40k before he can buy, and if the price of bitcoin doesn't dip, he can't buy back above his sell price because he will be at a loss, and this could make him not own any bitcoin. If Johnson wants to buy back above his selling price because he thinks the bitcoin price will not dip, he will not be able to buy back the same amount of bitcoin he sold because he is buying back at a high price.
Why wait for the bitcoin dip? When there is a strategy that allows you to accumulate bitcoin with the DCA strategy and still buy the bitcoin dip, which is dividing your investment fund into two equal parts and using the first part to accumulate bitcoin at regular intervals with the DCA strategy and the second part to be used to buy the bitcoin dip anytime there is a dip.

This is why newbies that wants to start investing in bitcoin. should have a long term goal, and should only use a little amount that he can afford to let go or will not be needing for a long period of time for regular DCA weekly or monthly. This will limit the risk and make him not to worry about hodling for long. If that investor along the line of his bitcoin journey have understand more about bitcoin and have strong faith on bitcoin, he can then increase the money that he was using for DCAing.

Anyone that cannot discipline himself and sacrifice for the future by not using the opportunity that bitcoins gives now to invest in a long term so that he can hodli, and build his bitcoin portfolio, will live to regret his mistakes in future, when they will see how bitcoin will transform a lot of people lives that was able to sacrifice and hodli till that time. Bitcoin investment is my first investment that I have ever had, this is because it is stress free and you don't need to have any papers or documents, or start moving from one place to the other. Yours is to just invest, grow your investment. and hodli for a very long time, and your profit will keep on generating more profit with timeline. Nobody will know that you have any investment, because it is a not a physical investment. I think it is the most unique amongst all investment, so it is worth investing into.

Job security has to be considered too when someone has finally decide to start his bitcoin investment journey. One has to be certain that your job has to be really secured, and not a kind of job that won't last long. Job security should not be underestimated because if you have chosen to invest through DCA make sure that your job or source of income isn't something that's going to be terminated on a short run.

I understand your thought and what you really mean, but I was just trying to be specific on the importance of Bitcoin over the other forms of investment. You know each time I hear people speak of Bitcoin, it sparks up my minds and want to talk and emphasis on it, for people to know the importance of Bitcoin. because I just feel like any discussion without Bitcoin is like I am not adding something to my Brian or not reminding my self of what I have chose over other investment. Not that I don't know that you just listed the other forms of investment but I was just trying to still let you know how important Bitcoin  investment is still important than the other investment.

We are on the same track and would love you to still maintain to the nation that Bitcoin investment is the best investment and DCA is the best strategy of investment if am not mistaken , I don't know about you. But holding for long is the slogan and that is what keeps the DIP and HODL family going for long. The DIP and HODL thread, is like an initiation process of making your conversant with the orientation of holding for long. and whenever you hear any matters arising from a different direction it make you feel like you have mised the track. Just hold and as the slogan may be, but put in practice. Because practice is more important than hearing everyday without doing.

When I started hearing about DCA or HODL, I didn't took it serious, but at a time goes on, i asked myself that if I spent my time everyday here in this forum hearing about Bitcoin investment without Puting it in practice, I will later have myself to be blamed. If I learn without investing in my wallet, what will be of me? That is.. I have totally wasted my time. So I picked the courage and started long time with the little I could afford. So am proud to be a holder! all thanks to JJG he is the father of al holders.

Another thing that leads to some investors into this kind of wrong choices is when people don't understand what they're investing in, basically what Bitcoin is all about, if you know your destination, like how to begin your investment by investing an amount that won't affect your financial strength should it happen that you lost the whole investment today, I do believe you won't easily get distracted by things that leads to someone into taking wrong decisions despite we might face challenges in such a way that we might be tempted to touch our investment portfolio.

Yes.. you are not even close to long term in your thinking about bitcoin and your lack of discipline to hold your bitcoin and continuing to buy on a regular and persistent basis without thinking about either the dollar value or the level of your profits if you happen to be in profits.

You should be trying to think 4-10 years or longer.. and maybe for you think in terms of at least a cycle and a half (that's 6 years) for any new investments that you are making into bitcoin.   And if you invest into bitcoin for 6 years, you would end up having some coins that had been bought in the earlier days of your bitcoin investment, so those ones should be more profitable than the ones that you bought later in your BTC investment, but if you had been continuously buying  in a DCA manner for 6 years, you still might not be ready to start to cash out any BTC, but you might be in a position to reassess where you are at and where you want to proceed from that point forward.

Maybe right now you should be trying to figure out what you want your timeline to be and perhaps don't invest as much.. because if you want or need the money for other things in the short term, then you should not be putting that money into bitcoin, so if you are putting money into bitcoin that you need or that you want in the short term, such as in the next 6 years, then that means that you are neither budgeting your money correctly and/or you are gambling with whatever money you have..

So for example, if you had been investing $100 per week into bitcoin, maybe you need to lower your amount to $50 per week or something even lower than that in order that you are not worried about whether it is going up, down or sideways.. .sure there is nothing wrong with monitoring it, but you should not be thinking about cashing it out.. that is the whole idea of long term.. remove yourself emotionally from your investment to such a level that you are mostly just focusing on buying and accumulating it in a proportion that is suitable to your budget, your situation and your psychology.. even though it sounds like you have a weak psychology and unable to defer gratification and perhaps an inclination to gamble..

In other words, you likely need to lower the amount that you are investing into BTC to such a low amount that you are not going to be tempted to take profits for the next 4-10 years or longer.  Each time you buy more, that new purchase should be presumed to be 4-10 years or longer before you are going to be planning to access it... and surely each of us should have our own number, and I am largely using the range of 4-10 years or longer in order to attempt to be inclusive to a lot of people to focus on a 4 year minimum but also to include the idea that 4 years is the minimum and most of us should be thinking longer than 4 years, but on personal levels we should have some ideas regarding where we want to be at certain points in the future in our lives, but since those times are in the future, we are not going to know with exactness in advance if we are going to actually reach our goals and if we are going to stay on track, so there will always be some need for wiggle room and a range and for readjusting to account for what happens along the way as we go..


My own idea of accumulation is that guys should try to be as aggressive as they can without over doing it.. but at the same time, if you have other things that you want to buy, then you should probably keep cash available for those things...so that you don't have to think about your BTC for many years..maybe for you more than 10 years... but yeah you seem to not really understand bitcoin well enough in order to have conviction about it and in order to keep buying and to forget about selling.. you are too focused on dollars and in the belief that you want dollars... which there is nothing wrong with that, but many times (especially with something like bitcoin) you have to be able to build it and to let it ride and it could take a long time.. maybe even 20 years before it has compounded several times..

but then you should be able to measure your bitcoin portfolio building along the way and to adjust your strategy along the way too, even though you admit that currently you are not ready, willing and/or able to engage in building of your bitcoin holdings.. so maybe by nature you are a weak-handed kind of person... and you might not be ready for the big league of king daddy bitcoin, and you need to go fuck around with shitcoins for a while.... and maybe in the meantime, just figure out if there might be some small amount that you might be willing to put into bitcoin and forget about it.. and just continue to build your bitcoin without thinking about its cash value for the next 20 years.. can you even do that?  is such as thing even possible with you?  . and  by the way, the timeline does not even need to be very strict, if you already have self-discipline and you are able to structure what it is that you are trying to achieve so that you can meaningfully measure progress along the way and maybe learn about what it is that you are investing into so that you are no longer acting like such a pussy and unable to build and hold your bitcoin.

You are right but there are more to this than it meets the eyes because starting the DCA strategy isn't all, there are certain discipline one must possess inorder for this actualization of investing and HODLing the coins till the preferred time. Bitcoin investment seems simple in the eyes but alot of factor are still there to cover even after you have started the investment and one of the most important is having a strict discipline to stick to your plans because I believe even if a persons has where he earning from that covers his necessities, there are still sometimes that he makes wrong choices towards his investment that can ruin everything for him and also being patience is one of that too.

To me I feel like accumulating Bitcoin through the DCA method is less challenging if as an investors you really want to go that path, where the major challenge is, is how long can you hold, because patience alone can never be enough if you don't have another source of income and an emergency fund need to carry you all the way.

yeah investing is a choice you can't actually force anyone to invest but you could try convincing them by showing them the beauty of investing in bitcoin. But there are some people no matter how you try to motivate them they won't still give a shit, they would keep on procastinating. Someone having the financial capability to invest in bitcoin and still  didn't, no matter all the impacting about are great and profitable investing in bitcoin is. I would say "is the individual loss" because even though he or she decides not to invest in bitcoin it's still won't stop bitcoin from growing massively. So those who are opportune to know more about bitcoin should grab that opportunity and invest even if it's individual personal choice to invest but still investing in such wonderful project (BTC) is a right choice.
you know trading not just for short term profit is also for short term losses because we all know that In trading losses are inegligible, though alot of pro do earn good profit from it sometimes but still can't ignore the great risk attached to it. That is never advisable for those expecially newbies with half-size knowledge about trading to not engage in it, instead they should take their time to lear more or engage in long-term investment which is way better. Nothing like accumulating more bitcoin in your portfolio using all the cool method like DCAing. And seeing your portfolio grow massively though you may experience some decrease or increase in price due to volatility but most time it always end up with a massive greens. Due to your long-term investment it would be more profitable.