Topic: Buy the DIP, and HODL! - page 319. (Read 123703 times)

Positive way to wait is when you are holding and accumulating, if one didn't buy bitcoin and he's waiting there might not be any positive news if Bitcoin keep rising.

This can be possible if you have money when Bitcoin is low, you have a point but we don't know when Bitcoin will low and when it's low if you don't have money to buy, just let go as it's not good to loan money because you want to buy Bitcoin at low price.
It's also tells that you must have money to buy Bitcoin if you want to invest. When bitcoin is high you have to save money and wait for it to low then you buy, Bitcoin can high any moment and low any moment that's what makes it risky, so have in mind to lose and not to gain.

You have misunderstood the person that you quoted.

A newbie, don't need to be making research about the price movement of bitcoin history before he should buy bitcoin or need to wait for the dip before he buys. This is because all those things are waste of time. A newbie should only know the basic knowledge of bitcoin, check his income and make out plan on how much that he can use to invest in bitcoin, that will not affect his other expenses, after he must have kept his emergency funds. The the left over money should be used to start investing in bitcoin weekly or monthly using DCA method, and hodli for a very long period of time. DCA method gives you the opportunity to buy bitcoin regular irrespective of the price of bitcoin,  DCA is also used to buy at the dip if you don't have a reserved funds to buy at the dip. So there is no need to wait for the dip, that no one knows if it will play put or not.

DCA method is easy to cope with, because it gives you the opportunity to buy bitcoin in a comfortable way without pressure, and you will also have time to plan for other things. You must important thing is that you get into bitcoin Asap and continue to grow your bitcoin portfolio bit by bit by being consistent and persistent in accumulating bitcoin.

You don't need to start talking of selling at the beginning of your investment journey, because it shows that you are gambling and will run at loss, with little or no bitcoin in your portfolio, and you are not investing but trading. This is why before you start your bitcoin journey, you must consider investing in a long term, so that you can use that period to noture, grow and build your bitcoin portfolio to your bitcoin target. When you sell in your accumulation stage, you will not be able to achieve your bitcoin goal and you will lose focus on your bitcoin long term investment journey.

I don't really know what is tempting when buying bitcoin at a lower price. Seeing bitcoin a lower price is a rare opportunity which hardly comes. So whenever you see it and you have funds available seize the opportunity and accumulate as much as you can. That's why it is always advisable to divide your investment funds into three parts, one for buying the dip, one for DCA and one for lump sum buy. So when bitcoin price is lower you use the part set aside for buying the dip and buy. This will make you to stay focused and organized.

Absolutely right! You said the right thing. Many are sitting to buy at DIP prices. But it may have to wait for a long time. Most people are not satisfied with the purchase. Because if you buy or sale something today, tomorrow if the price goes up or down, you will regret it.

Holding of bitcoin does not require any method. The DCA is not a method of holding bitcoin rather it is a method of buying bitcoin at a certain interval on a regular basis.

Yes as a newbie all you need is the basic knowledge of knowing how to set up your wallet and how to buy bitcoin from exchanges both Dex and Cex and knowing who to withdraw your bitcoin to your wallet. Also to know that you are not to keep your coin in an exchange for long because it's dangerous.

Once again DCA is not strategy of holding bitcoin, It is a strategy of buying Bitcoin. Another mistake you are making about DCA is were you are saying, buying a fixed amount of bitcoin every week or month. Instead of fixed amount of bitcoin, it is a fixed amount of money.
If you say fixed amount of bitcoin it might be difficult to achieve it, as you will be going against your budget to buy when the price of bitcoin is high in the market. But with fixed amount of money, you can always stay in your budget and buy irrespective of bitcoin price whenever you want to buy.

You are right the DCA strategy is a good way to invest in Bitcoin. It's not just for new investors, but for all investors. The DCA method helps to reduce the impact of the market going up and down a lot. You buy Bitcoin regularly no matter what the price is. This way you can average out the price you pay over time. It reduces the risk of buying when the price is high or missing out on gains by waiting for the price to be perfect. The DCA method lets you take advantage of Bitcoin longterm growth while minimizing the impact of shortterm price changes. Overall DCA is one of the best strategy.

DCA strategy is the best strategy to invest in Bitcoin, it is not only an investment strategy for new investors, but all investors from old ones can use this strategy. This DCA method balances the gap between your purchased bitcoin price if you buy bitcoins. If you buy bitcoins at the bullish price and if you buy bitcoins at the current price, you must have several steps to buy, and a few price combinations to buy bitcoins. is the average DCA method.

When an investor has a lot of confidence in the investment and when he becomes very eager to invest then he invests with so much effort. Earning in student life is difficult but not without appreciating the thinking of those who think about the future in this student life. Since there is not much chance of income in student life, every student has to live with money from family. A student doesn't get much money from the family yet there are some students who keep saving that little money and with that little money they invest in Bitcoin. That is, in student life they are investing in order to get something good out of the investment in the future rather than prioritizing the temporary pleasure of student life.  

If investing is not a problem for you then you can continue investing and investing will give you a good understanding of investing from your student life and will help you avoid wasting money on your bad activities later on. There are many more students like you who have accumulated money in various ways in their student life and are investing that money in Bitcoin. There is no need to take extra pressure, keep doing the best you can, hope this sacrifice will give you great things in the future.

Before investing, new investors should know what exactly DCA investment method is and how DCA investment method works. If you have an idea about DCA investment method then you are one step ahead in investing but for those new investors who have no idea about DCA investment but have heard about DCA investment I am giving some discussion about DCA investment.  

The DCA investment method is such that an investor invests in the first instance and after he invests, the price of the particular coin changes slightly and he invests again after seeing that price change. That is, the number of times the investor invests in a new way, the few times the price will differ significantly, it will be seen that the investor's high price, low price and middle price will be compromised and the investment will be strong.  

As the investment becomes strong, the risk in the investment of the investor will be greatly reduced.  Another advantage of DCA investment method is that here the investor can increase the investment as per his wish he does not need to take pressure.  
As far as I know about the DCA investment method, investors can enjoy this investment by investing in this method. So I would say DCA investment method is always the best investment method for everyone whether a new investor or an experienced investor.

If you don't have any idea to invest then you have to plan your investment with minimal idea. Yes it is true that investing does not need to know everything about investing rather the investor can learn about investing while investing. However, investors must try to know about the general issues.  
For example, the investor must know how to invest, how much money to risk in investing, as well as having enough faith in the investment, that is, these things must be known to the investor and then the investment decision must be made.

In DCA investment method an investor can invest whenever he wants. An investor can follow the weekly DCA investment method as well as an investor can follow the monthly DCA investment method if he wants. Apart from following the weekly and monthly investment methods, if the investor thinks that he will invest in DCA method every day, it is also possible for him because the investor has the opportunity to invest here as he wishes. Since the DCA investment method offers so many advantages to the investors, it is only natural that the investors would take this advantage.

i kind of like the mentality that the statement "the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.

this has been the peril of so many persons that are waiting for the price of the DIP to get to a certain price before they will buy. It's not bad to set a range of price one will buy but once you're just too concerned on the entry point before buying, it makes you more of a trader rather than you buying for the purpose of holding. It's

When the interest is ready then we can do it slowly from small capital, I think with this capital we can feel how the skills we have and continue to improve the strategy over time because with the small money that goes into BTC then you will not be tense but rather a process where we can adjust to a larger level of money later (said to be aggressive), $10 per week then after running 1 year it can be above $50 because it has adjusted to the skills, DCA strategy applied so far.

The most important thing is that we must be able to control emotions and psychology because this is not only about those in trading in investment they will definitely feel this, but I think in investment emotions will not be too high as long as you have healthy funds in addition to investment funds then it will be quite safe with the investment plan that is run.

The point is that emergency funds must be there when there are family or friends who need us not to disturb the investment so that it is not damaged in the middle of the road.

As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

This strategy stand on the belief that market downturns or temporary price declines present buying opportunities. For fundamentally strong assets.
I hope its a similar of gold market. The price of bitcoin increased almost 40 thousand times in the last 14 years. It is a bridging of demand with time.

Buying at DIP is difficult because we don't know when the price will be at DIP. He can only predict at what price the DIP will reach but will not know whether it is a DIP or will still decline again.

But when he chooses the DCA method, he doesn't need to look for DIP because he just buys Bitcoin regularly. That would allow him to lower his average purchase price. Besides, he didn't need to think about analysis or other factors.

Maybe he needs to compare buying Bitcoin during the DIP and buying Bitcoin using the DCA method. But before he buys during the DIP, he needs to analyze the price movement first. He will see which is more profitable to buy Bitcoin.

You can always participate in bitcoin, but it does not meant that at any particular time that any of us is considering entering bitcoin that there is going to be any advantage in waiting and/or that an "obvious" entry point will present itself.

There is an expression that it likely pretty close to being true, and that is that the best time to enter bitcoin was yesterday, and the second best time to enter bitcoin is today. 

In other words, the mere fact that the BTC price has historically dipped and/or provided unexpected dip prices does not mean that it is going to happen to the degree that any of us is going to clearly and unambiguously be able to recognize such dip as an entry point.

IMO we don't necessarily need to start from short term and change to  long term, although this happens to be the case for some investors who never knew the advantage of long term investment and the use of DCA strategy that eliminates the tension from checking the charts all the time to time our investment and deal with market volatility.

We can start with really small budget for our DCA making it cost friendly and we can also increase our budget as we continue to gain confidence and want to increase our portfolio. With DCA method making mistakes won't be such a big deal cause you can easily correct it, and also it gives us the flexibility to allocate our funds in building other necessary things like our emergency funds which would enable us not to dip our hands back in our investment and building up Good reserves and floats.

Let's look at an example of how DCA can help us accumulate bitcoin. Mr X, has a total income of 50000$ monthly and already has a habit of savings and preparing for emergency since before he started out his bitcoin journey , but he starts our late so has already defined that he wants to accumulate bitcoin for, and since he has a short time of 5 years to accumulate Let's say about a minimum of 8 bitcoin and he favours to use the DCA  strategy since he doesn't know how to use any other strategy, he decided to allocate about 50% of his income which is 25000$ for a month, he divdes them equally for 4 intervals for the month, let's also assume that the current bitcoin price during his first month of accumulation was 50000$ -45000$, and he ends up buying his first week at 49000$ for 6250$, he ends up accumulating about 12.7% for 0.127 bitcoin on his first week, and the next week the price of bitcoin dropped a little to 46,000$ and he buys again for 6250$ for 13.58% of bitcoin and he accumulates a total of 0.1358 bitcoins for the second week , and let's say the 3rd week he bought for 48,000$ for same allocation he buys about 13% for 0.132 bitcoins and the last week of the month he buys at 50,000$ for 6250$ for 0.125 bitcoins. His total bitcoin accumulated for the week would be 0.5198 bitcoin for an average price of 48, 250$ of bitcoin.

So that's how DCA works, like in my senerio he accumulates more bitcoin with DCA there could be other senerios where the price continues to rise per intervals and he won't accumulate as much or when price reduces and he accumulates even more.

Hey buddy! first before I digest everything you have said, I will advise you to make use of some good AI tools to give your writings a better meaning. I suppose it's exhausting to start editing your post before I can write a valid comment on it. You can use Grammarly and Quilbot Grammer checker to correct your grammatical errors.

In the aspect of Bitcoin Investment which is a core part of our discussion I do not see a relationship with technical knowledge and Bitcoin Investment because currently anyone can invest in Bitcoin without so much knowledge of it yet. as they say experience is the best teacher in this context ad long as one starts Bitcoin Investment with a minimum amount as time goes on he/she will get aquatinted with Bitcoin knowledge gradually as long as they practice. so having technical knowledge is absolutely not part of the discussion, I see that you're a newbie so you will still find it hard to understand everything that's is being discussed here, although before diving into the discussion you should have read at least 1 - 3 pages of he thread to get a clue of what's being discussed and at least 2 of the last pages then you will comprehend gradually.

This should cover almost every part of what you said wrong. Bitcoin volatile nature has brought about some critical thinking that lead to some purchase strategies that are currently keep the ships sailing with low risk and profit certainty if only held for a long term and this strategies are called DCA (dollar cost averaging), Lump Sum and buying the dips which was the intention of wind_fury for creating this thread. amongst all of this strategies DCA is the most convenient that allows investors but high knowledge and low knowledged invertors to invest and profit from the management without much worries. this strategy eliminates your fear which is the price of Bitcoin moving the opposite direction. those who invest through DCA do not worry about the market volatility anymore because they accumulate Bitcoin gradually with some certain amount and with this they put themselves inorder and do not panic when the market moves to a depreciating direction. if you want to know more about this strategies you can visit search for threads like JJG's Outline of Bitcoin Investment Ideas.

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https://bitcointalksearch.org/topic/jjgs-outline-of-bitcoin-investment-ideas-5376945

At first you said for a beginner the technical knowledge is a criteria before thinking about investing in bitcoin. But the techniques and well structured investment plans can be really difficult for a beginner to practice on the first day they got to invest in bitcoin. You don't necessarily need deep or much understanding of the technical part to invest in bitcoin. However, along the line the more you continue to learn about bitcoin and having experiences while you manage your investment. The more familiar you begin to grasp good strategy for your investment and make good financial decisions to strengthen your accumulation. if you have a target.

Just like i have said earlier if you are going to invest in bitcoin for long term then you dont need much technical knowledge but perhaps you have the intention to regularly buy rhen sell your Bitcoin then you need to learn the require skill so you can be good at it. But actually that is not the topic of discussion. Our concentration is how we can accumulate bitcoin and hold them for long term purposes.

There are far more stuffs for you to really comprehend. Do you mean buying the DIP? for you deciding to hold your money to be invested only to monitor the price of the market before accepting to begin investing is not totally part of the DCA strategy.

Even during the DIP with the price drops , accumulating at this time is commonly known as buying the DIP of the market and holding for as long as it takes the price to move higher than the purchasing price before wanting to sell, unlike the DCA strategy where measures of price analysis and many other factors are not needed, just a matter of keeping up ahead with the slated amount of Bitcoin to purchase at the intervals. Either daily, weekly or monthly it requires no perfect knowledge and understanding.

For me I think there should be specifications as regards to what you meant by more  knowledge and technicalities because it has been said severally that having a basic understanding is quite ok to go and learn other necessary
Things as time progresses.

Every good investor must performs a risk assessment to know if it is at his comfort before venturing in to it and know that things might not perfectly work the way he planned  all the time being ready for all this will make an investor to make corrections where and when necessary and know that investment is  not only about maximizing profit that there can be lost too.


Trading is more complex and more like a gambling  of mostly for quick profit maximization which is not supported or encourage in the thread, the concept is more about Bitcoin accumulation strategies for long term investment and not trading of any kind.