Topic: Buy the DIP, and HODL! - page 316. (Read 137435 times)

You seem to have a pretty narrow view, and you also seem to assume that because the BTC price has gone up then it is bound to correct, which may or may not be true.

If you do not have any bitcoin, then the ONLY way to prepare for UP is to buy bitcoin.

Furthermore it can take a real long time for a newbie to build a bitcoin portfolio, perhaps 10-15 years or longer, so there could be  a lot of value in getting started, rather than waiting.. and no one really understands all aspects of the bitcoin market, so there likely is no problem to get started and to learn as you go and learn as you are initially establishing your position, whether you are starting with $100 per week or $10 per week or some other amount that might be appropriate to get started.


This is a very good example. .The need to get the fuck started and to figure out some of the other details later.


Timing may well be a more advanced technique and also apply to someone who had already established a decent bitcoin position.. and yeah, almost no one needs to be fucking around with time, especially if they are starting out without any bitcoin.

Now, if they have $12k that they can invest into bitcoin and maybe they have another $6k that they are going to earn over the next 6 months, then they have $18k over the next 6 months, and if they don't want to invest it all (even the $12k that they currently have available), then maybe they could start by investing $4k to $8k right away and then dividing the other portion into buying on dips and/or DCA... yet one of the important things is to get started with some kind of plan and then if the person is really whimpy then maybe they don't invest right away and maybe they set up some buy on dip points, but that is likely a loser strategy if they are starting out without any bitcoin, so even if the BTC price might start to correct, it is probably better to get the fuck started with some kind of investment right away and then perhaps supplement with the other strategies of buying on dips and DCA.

But hey whatever, people can do whatever they want, and if they are no coiners and lowcoiners who are waiting for dips rather than acting, they may well end up being on the wrong side of the greatest wealth transfer known to man because they were too timid in their ability to figure out some kind of a working position size, even if it might be starting out whimpily. .whimpily is likely to be better than nothing...Of course, no guarantees, yet each of us are responsible for our own actions, and even failing/refusing to act is an action and each of us is responsible if we choose to go down the course of failing/refusing to act.


I think that you are trying to pigeon-hole too much if you are trying to describe a pensioner in too much of a narrow way, because there can be pensioners who have differing levels of pensions, and also pensioners who are newly starting to draw from their pension or pensioners who might have had been drawing on their pension for a lot of years.

Surely any pensioner would have to consider his investment timeline of 4-10 years or longer and also might need to focus on whether he is able to at least invest a minimum of 4 years, and the concept of fuck you status might not really apply so much for a pensioner, especially if the pensioner is already NOT working, since the idea of fuck you status is being able to discontinue working.. perhaps even before such a time that regular folks go into retirement status.. so a pensioner is largely already in retirement status, even though there still are going to be some pensioners who might still work and some of that extra work might be due to necessity and other might be as a form of optionality and not directly motivated by finances. even though presumably anyone who is working would be receiving money for the work.


Pensioners might already have a lot of experience investing.  It seems problematic to be considering pensioners as if they were just starting out, and another thing is that any part that they invest may well start to be drawn upon down the road, so maybe if a pensioner invests $50 per week into bitcoin for 4 years (which would be $20,800 invested), then maybe after 4 years or so, then maybe the pensioner will start to withdraw some amount from the pension . maybe if the amount had appreciated to $40k, then maybe the pensioner could start to withdraw at somewhere around $100 per week or some other amount that the pensioner believes to be a good supplement of his income... so then if he does not have any idea of when he might die, then maybe he could keep withdrawing at $100 per week for 10 years or longer.. which in part might depend on how well the BTC keeps its value and whether he is withdrawing at a sustainable rate... as i describe these ideas in my sustainable withdrawal thread.


There is a difference between starting from scratch versus if someone is already receiving or about to receive a pension.. so of course, at any point in time, a person can supplement their other kinds of income by investing into bitcoin. They do not need to exclude their other sources of income merely by choosing to supplement their income with their bitcoin investment that later down the road may well come in handy in terms of providing more options, whether someone is brand new to bitcoin and investment or even if the person may have already been investing int bitcoin and other things for many years, there could be decisions about whether to increase a bitcoin investment, which might even sometimes have options of rolling other investments into bitcoin which can come at various stages in life in terms if someone is already retired or perhaps nearing retirement.


You likely should want to try to be as aggressive as you are able to be without ever touching your BTC investment for 10 years or longer... so if you are more easily able to resist touching your BTC if you invest a smaller amount, then that is your choice.

There are so many people who are unable to resist touching their investment, and you seem to be that kind of a person, so you have to figure out a way to teach yourself how  to invest in a long time period without touching the investment and letting it build and grow.  Likely part of the solution is that when you invest, you also create an emergency fund that you never touch and then also establish reserves that you can touch and also a float which also is going to vary throughout the month.. so in the end you have to figure out way to maintain layers of protection so that your bitcoin is not serving as your emergency fund, and you are exercising responsible financial management that you likely are mostly using your reserves for any fluctuations and emergencies and you hardly ever would be touching your emergency fund absent a big emergency.. but if you prepare, you may well not even have to touch your emergency fund in an emergency because you would likely spend from your reserves first.. but of course, however you set up these funds and put them into practice is completely within your discretion and hopefully any amount you put into bitcoin can be stocked away, perhaps 10-15 years or longer. especially for guys like you who seem to be tempted to dip into your bitcoin investment way before it is even time to be dipping into it..

I basically wanted to understand here, start the investments at a small level and increase it slowly. But if one starts with big planning then it can be seen that sometimes he gets into any kind of problem. But as far as I have seen small investments play the most effective role in the long run. Because small investments are easier to make than large ones.

Most persons realise this so late that investing is such a fail safe if thigns go wrong, and an asset like bitcoin that is so easy to invest in and if not the best asset right now to invest in, IMO even if they don't start start early to invest in bitcoin and they could still reach a state of having a very good stash in bitcoin if they are consistent enough and have a huge income that would allow for good allocations maybe about 25% minimum since the are so late in cause an allocation like 10% isn't bad but to reach a considerable amount of bitcoin and stash they would need to go a little bit aggressive to meet up with the time they have left and such decisions of how aggressive a person close to retirement should go or is at retirement should go is still want I don't have well figured cause I don't know his numbers and how much he is able to give out to investing without having to later sell all his allocations even before he has reached his appointed time for allocations.

Sorry for my late response to your reply on this my comments with @neobanks. am glad you explained in detail for clarity. This analysis you have made is a clear and presise explanation that need not to ponder upon by marking it vigorous, cumbersome or contradictory. Anybody who take advantage of his accumulated emergency fund, by using or Investing it on bitcoin may surely end up selling it when emergency occur and may still sell his Bitcoin to get back the emergency fund. And one funny thing is that selling it is never the problem but it will open a way of frequent selling because your mind will always be there. One thing about human is that when ever they start something it becomes difficult to stop because their mind will always be there having that notion that I still have my profite on Bitcoin so I can sell at any given time and you may end up not having an emergency fund any more. Thats why it is good to set aside the emergency fund to avoid anything that will Leed to touching btc. Infact btc HODLing is not sorpos to to be even sold for any reason other than the expected time of harvest just like a farmer will plant a seed and allow it to germinate till time of harvest, if not matured, no need for harvest otherwise you harvest prematurely that is why we should totally avoid any thing that will make us sell when the time is not yet right.

At some point I was a little bit not clear but this last part of your post solved it all. The aspect I mean is the aspect of the emergency and reserved fund and the 3 to 6 months time frame of emergency fund. That is to say one may surely need to have a seperate fund set aside for emergency fund. The emergency fund may be accumulated withing the time time frame of 3,6, 7 or 8 months depending on individual differences, and after which the person may decide to work on reserved fund on a regular basis. The reserve fund functions as a multi porpos fund which can be used to invest on bitcoin and also used in replacement of used emergency fund just like a middle man between the both party. I really understand the concept.i was thinking emergency fund could serve as a reserve fund altogether but thanks for your clarity.

You are right because so many people failed to realize the importance of investing on Bitcoin instead they are more focus on working, although I'm not disputing the fact that work is not good but one thing they would need to realize is that there would come a time in there lives when they will no longer have the strength again to continue working and perhaps they will start finding it very difficult to cope including so many other needs that would pressing, so this is actually the right moment for people to set there things right in other for them to have a sustainable live. However is just like the conversation I had with a friend that normally work for one certain company, so he told me that considering the nature of the work and his age that it would be a very wise decision to start diversifying some of his funds to Bitcoin investment for holding so that when the time comes when he Will no longer have the strength or being retired from the work he would have something to rely on, and that's the truth because Bitcoin present a very huge opportunity for people to utilize and become sustainable in the future.

Things like pension are not very reliable sources of investment and from the persons age he should be quite old and retired if he is living off pension, so investing in bitcoin to reach a fuck you status should be around 1 bitcoin or 4 bitcoin for him( just assuming), which should be almost 300k$ and yeah considering his age he wouldn't have enough time to invest, so let's say he has 4-5 years to get to this fuck you status of 4 bitcoin then we should be talking about an average of 1.4k invested weekly for 206 weeks and yeah bit woudl do it's usually of having ups and down, but if he is only relying on pension to get to this fuck you status that would be  realistic, cause I've heard that sometimes pension pays can be delayed, and apart from that we can't expect him to invest so much in bitcoin at that age cause he might be considering his health and well being which might already be eating off a major part of his pension. So your damn right.
This isn't a bad Idea but you can't be relying on the government to make good decisions for you concerning your future, I think a more better situation would have been to start
Investing in bitcoin earlier with the DCA method even if it's only small amounts of allocation to it and that would stack up over the years, even better to become fully responsible for their retirement by going all out to invest in bitcoin and preparing for the retirement themselves.


I still stand on my ground that it would be better to take this action yourself than rely on government to think in terms of what woidl be better for you or not, anyone that has been working for over 20 years and let's say with an income of 5000$ and decides to remove a little percentage of this as 5% which would be about 250$ to invest in bitcoin through DCA method on a weekly interval which would be a total of 25% monthly invested I bitcoin would be on a much better track than and has a better chance of a good retirement than any pension salary, okay let's imagine that the government didn't take any amount from their salary and pension became optional, I still doubt that many would still consider bitcoin even as the best over the pension, so yeah this decision to invest in bitcoin would be a self decision.

You sounded more like a degenerated trader, there is no idea long term Bitcoin investor that prioritize timing the market conditions before making purchases, in as much as it is great to buy when price is low, taken advantage of any price point is also very essential what is most important is how long can you be able to hodl.
for more emphasis, you need to know that an investor doesn't worry about volatility rather he takes advantage of it and all the interest of an investor is to buy and hodl for their investment to grow and have potential value over time whereas the traders are so much worried about volatility because there aim is only to maximize profits within the the shortest time frame.

Buying when Bitcoin price was at the ATH $73k is never a crime for any investor rather with his or her dca he or she can  buys at different price point. Every idea investor are always prepared for the likely and the unlikely market conditions that may or may not happen. One of the major concern of an investor is the quantity and worth of Bitcoin they have  rather than overly monitoring the market conditions which can possibly lead to missing out buying opportunity especially when you are not far gone in your accumulation process.

The individuals who consistently attempt to gauge the Bitcoin market before investing are often short-term holders. In contrast, those who adopt a long-term approach may not focus as much on timing the market meticulously before entering. Instead, they gradually accumulate Bitcoin until their allocated funds are exhausted. Vigilantly timing the market can result in significant losses for some investors. This situation reminds me of a friend who has been timing the Bitcoin market since it reached $20k He now waits for the price to drop back to $15,000, hoping it will decrease even further.However, this strategy caused him to miss out on purchasing opportunities when Bitcoin was valued at $20k, $30k, and $40k. Yet, he persists in attempting to time the market even as the price drops to $50k

I am not suggesting that timing the Bitcoin market is inherently bad; indeed, it can be beneficial if one can buy at a low price. However, constantly trying to time the market, especially when planning to hold onto Bitcoin for the long term, can be a futile endeavor. In fact, because of this focus on market timing, some individuals later make attempt with the money they have plans for to invest in Bitcoin.

No one would just venture into market without them drawing their analysis to know when is the safe time for them to enter market or not, just as what happened recently when the market touched 73k plus and people with this mindset rushed to acquire more asset thinking this could possibly break out the market to hit 100k. But unluckily that was the worst entry from any trader although I can't still dispute that after halving we could still witnessed another new ATH but at this point those who already jumped into the market are just like people who jumped from fire to frying pan without any rescue except we have finished halving before the main bull run will come, at that moment investor can decides to take profits from every investment except such person has decided to hodl for decades.

for Bitcoin holding and the long-term investment it is actually occur by Plan and if you don't have that mentality of long-term holding your Bitcoin to will not be opportunity to make such profit that you are anticipating for that is why a good investor at first scrutinize the market structure before the person goes into investment to know if the market will be productive for each self any investor of Bitcoin always calculate very well knowing that there is two things that is involved in long term investment especially when you are holding your Bitcoin for each to appreciate you before you sell and they make a profit.

one of the reasons why it will be deficult to talk about investing with proceeds of pension is that the amount paid for pension is usually small and during those period, the person receiving the pension is normally out of work and would in most cases not have an alternative means of income except he has probably made investment while he was still in active service.

What would have worked well for most public workers is that the amount that's taken out of their monthly salary for the purpose of pension would have probably been invested into an asset at least five years to thier retirement and they will be allowed to take it out at the time of their retirement.

Most countries like mine has a routine of taking 8% of your monthly income which will accumulate to what you will receive as pension after retirement, it's mostly calculated before you receive your monthly pay and the rest comes in as your salary. If you work for an average of 30 years, then imagine if that 8% of your income was actually invested into an asset instead of lucking them up to be paid in installments at the point of your retirement. This goes to show the value of the knowledge we have now with respect to investing using the DCA strategy. What they where doing is basically saving in fiat using the DCA strategy but because fiat is subject to inflation and don't really gain value after all the years of saving, the value of the amount that's being paid as pension end up not good enough to sustaining most retired people and some that should have been enjoying thier retirement benefit and would have reached the fuk you stage would find themselves in a position of thinking about making investment at an old age.

We can ONLY rush as much as is within our capabilities - since we should not want to rush so much that we end up losing some or all of our investment because we were sloppy and/or we were taking too many risks.  We have to figure out how to consistently be as aggressive as we can without putting ourselves into a position that we are going to lose some or all of our coins.. and sometimes we might not know how badly our situation can end up until perhaps some kind of emergency happens and we are not sufficiently prepared for it, while we might have had been telling ourselves that we were sufficiently prepared, and then if the emergency comes, that ends up being a BIG test regarding the reality of our actual preparedness.


A guy who invests $10 per week will have invested $520 per year and $5,200 after 10 years, and a guy who invests $100 per week will have 10x that amount, which would be $52k after 10 years.  Of course, a guy might try to be as aggressive as he can, and maybe he will have some weeks that he is able to invest $100 and other weeks he is ONLY able to invest $10, and maybe by the time he reaches 10 years, he does not quite have $52k invested but he may well be close to $52k invested, and then the other question becomes how much has his investment gone up during that time.. Surely it is likely that his earliest of investments would have appreciated more than his later investments, but there also may well be a lot of ups and downs along the way, especially over an investment time period of 10 years or longer.

And, even though it may well seem that 10 years is a long time, it also will seem as if it goes by really fast, especially after you get there and then the question might be whether you have anything to show for your 10 years worth of investing, or were you just spinning your wheels and not getting anywhere.. which is part of the justification for ongoing employment of consistency and persistency and sometimes a combination of strategies to accumulate BTC in a prudent way.. even while potentially trying to be aggressive while attempting to be prudent.


There is likely going to be variance with pensioners, and part of the presumption is that any kind of pension is usually not going to keep up with the cost of living, so some pensioners might have other sources of income and other pensioners might ONLY have the pension as their main source of income.  So early in their pension time, their pension may be covering all of their needs and they might have extra that they are able to invest, and perhaps investing in something like bitcoin could help to off-set their pension payouts so that if a pensioner might invest in Bitcoin for 4-10 years or longer, then at some point he might start to draw from his bitcoin investment and the amount that is drawn would then supplement his pension income when the pension might no longer have as much purchasing power as it used to have in its earlier years.

It seems that you are quite smart in talking about DCA strategy and how DCA should be done with the various attitudes that you have suggested, as well as staying in the HOLD stance.

To what extent are you doing DCA today? And how long do you do DCA that is most appropriate with a great time in doing DCA? does it affect the mentality in doing the strategy? how much BTC do you think is enough for someone to have?

The worst side of the market is cruel and for you to win is to have a good mentality.

It seems without emergency funds no one can accumulate properly without distraction from different angles, having a good source of income that can help accumulate properly is another important point and setting aside an emergency fund is also important. bitcoin investment is for everyone, both low salary earners and if someone is showing such interest to accumulate bitcoin I think it's more better compared to others who have not  started, the difference is just the amount and with such amount reaching the target set will be so difficult, maybe as time goes getting a multi source of income is needed cause no one is bound to remain stagnant.

Thinking about bitcoin as a store of wealth is extremely perfect, you see the old men who are pensioners today and they earn with fiat back then or even presently cause some pensioners still earn money, let's assume they invested their money in bitcoin back then or the pension money they'll make great profit cause bitcoin is a top investment choice and I strongly believe investing at that time will yield profit, in as much as bitcoin investment is for everyone it's our duty to accumulate bitcoin till we reach our target as investors.

I agree to this, to the extent that the average person should find DCA as an investment strategy in Bitcoin as If you're looking to invest in Bitcoin,  DCAing may be the safest way to slowly gain exposure to it. By not making a huge lump-sum purchase, you don't have to worry about the price at that specific moment in time.
Furthermore, as it relates to HODLing, even if it's a go-to for investors planning to hit it large in btc, still it depends on what kind of investor you are, your priorities, and if you can stick to HODLing.
HODLing as well as DCA requires a lot of discipline and composure especially the former.
On this forum, I found this 'pattern' that makes so much sense for whoever isn't into holding, but wants to get into it.
It's this, like DCA, any deposits made into your BTC has a threshold timeframe where you do not trade , be it 4years or more. I think 4years or more is enough time for your BTC to appreciate,and if you're making subsequent investments, they are only due for possible trading in the next designated number of years, however, trading is not the point here. HODLing is.
When you've been able to hold for about six years, I'm sure the returns will have you motivated.
And back to DCA. This is the go-to for whoever can't purchase those units. It's safe.

Is true that an average Man can't purchase large quantities of bitcoin , instead he or she focus on using different strategies that is convenience to them in accumulating bitcoin. So as an average man that can't afford large quantity of bitcoin he would focus on using strategy like DCAing at first to start buying at different price interval without tampering with his emergency funds. And if such individual noticed any dip in market he or she would grab such opportunity to to buy more bitcoin as the price is low to secure some good quantities for themselves before any increase in market. Though even when market all green such individual may continue accumulating without any fear even when he or she endup buying the top (because I'd Bitcoin we talking about) because no matter along it might take bitcoin would keep undergoing break through.

That bitcoin is the best project to invest on , in this space, given but the average and the rich the privilege to get wealthier. And we all believe that as Time goes on Bitcoin would keep on growing tremendously and gaining more adoption and those who take the chances to invest on it would also experience a tremendous growth in their finance changing one lives for the better.

When we are talking about buying at a dip, it is mostly the average investors that waits for a dip because their input is little therefore he will look for a time when he will buy at a more dipper price, then the rich doesn't even care about a dip because they are dealing with huge amounts of money of which they know that they will make some profits in it and they don't even DCA as most of them prefer buying a particular amount of Bitcoin and doesn't accumulate further but the average man uses the DCA because his investments is not in large quantity so it would take some time before he can accumulate as many as he wishes to using the DCA.

Emergency funds is also important for any investor that is using the DCA because that is the only way to to keep the accumulating spirit alive if the original source is not yet available for the main time then the emergency funds can help to sort out other basic things of life without affecting the DCA

Your analysis are correct, people are now confronted by the term of investing only what they can afford to lose, making them now investing pennies in their investment portfolio, they actually forgot that anything worth doing is worth to be done very well. Profit to be made from Bitcoin investment is not on an outcome of probability nor a guess, the historical stats are there right from the very beginning we have experience DIPs but always exceed every previous ATH just after halving.

Your calculations is well strategiesd, the sweet thing about investing in Bitcoin using the DCA method is that you aswell get to buy from DIPS, a 10yrs investment planning is combined of two Bitcoin cycles which the market must DIP allowing you buy at a very lower price. Your supposed total calculation of $9600, we can consider it low since we get to buy the DIP from each cycles.

Yes I understand what you are saying and that's just the truth. What I was actually saying was that salary earners should not just wait for a dip to buy or take break to see if there will be a further dip before they can buy. Rather they should continue with their weekly DCA and not wait only on the dip. They should buy at all market conditions provided their salary keeps flowing in. Even if they have been buying for the past 2 years they should just keep buying until they have gotten something reasonable. And for people doing low income DCA it could take several years to get a reasonable amount of bitcoin, but what's the rush all about? After all this thread is about buying and hodling, so we shouldn't stop along the way. If we must see positive result, then it must be continuous.

to be honest, some people need to fix their finance before even thinking about buying Bitcoin. how do you allocation just a $10 worth of investment in a whole month and you are hoping it will amount to anything big in the next ten years? I know everyone's income is not the same and while it might be easier for some to invest with something as high as $100 a week, others might not cope with that but we all know that our finance is one aspect of our lives that's very important and that we have to take it seriously and and not allow an average mentality tire us down to taking our investment casually.

The primary reason why we are making bitcoin investment is to ensure our future security is insured and that we don't necessarily have to work till we become extremely old and that's why it's necessary we don't just go about it casually as though we are playing. Their is a popular saying a professor told us while we matriculated into high school that always stocked with me whenever I'm doing a long term something. She said, throughout your stay in school, read as if your your success depends on you and you alone and pray as though you've not read at all and that your succes depends only on God. you should also use that statement as a sort of motivation to incourage you wile buying your Bitcoin. You you have to Buy as if your future depends entirely on the quantity of your bought Bitcoin and work as though you don't have an investment at all. if you're able to blend this mentality into your mind, you will definitely improve on how you take your financial life seriously and it will also go a long way to increase the weekly or monthly allocation you put into buying Bitcoin.