Topic: Buy the DIP, and HODL! - page 323. (Read 123703 times)

Basically, the DCA is a very important strategy that ought to be adhered by any beginner who wish to explore in the long term buying and holdling of Bitcoin which is a more profitable way in Bitcoin investment but however, the causes of the reasons why most beginners fail during their investments journey is as a result of procrastination rather than taking the risk, they would rather begin to imagine some negativity and uncertainty in the course of their investments without being optimistic that they would actually reap the dividends of their investments in the future though anyone who is new into any form of investment is always afraid which is normal because since you are not familiarize with how the system works so definitely you won't be too forward until you've experienced notable success.

If any investor wishes to reap a long term investment benefits then looking beyond the headlines should be the priority of such an investor because if they keep looking at what is being said about Bitcoin all day then actually they can run into some random news that will destabilize their state of mind and insert fear in them which will lead to not fulfilling their investment objectives and goals.

I don't agree to this because I just stated it clearly that the DCA strategy gives room for non expert (that is someone that doesn't have a enough knowledge) to invest in Bitcoin and have more knowledge in the process of investing and it has always been said that you don't need to have enough knowledge before investing in bitcoin, Bitcoin is a fast growing asset with innovations and trends that waiting to have enough knowledge of it before investing will lead to procrastination and you will never invest.

Having the enough knowledge you are talking about will only come when you are already in your accumulation process and on the other without self conviction and confidence you can't invest even if you have the so claim enough knowledge.

I would say for newbies  in crypto currency investment, if you are interested in investing in crypto or altcoins, you should first get advice from experienced people. Then it is important to gain experience from them. Then you can protect your money from loss.

As, I am new to this platform. I am currently trying to gain experience from an experienced person and raise money for investment without any investment involvement.

If you are interested in investing in Bitcoin, then at the beginning you need to know all the information related to Bitcoin. When was Bitcoin, how was it invented, what was its value and what is its future in the coming days? I think it is necessary for newbies to know these. I think it is the right time for you to invest in Bitcoin when you are able to acquire all the information

A long term plan is needed to increase bitcoin funds. If an investor wants he can increase his investment up to 10% of his income or up to a maximum of 30% as per his financial condition. Bitcoin investors must keep in mind don't invest there which has to be withdraw before the expected period of time. Those are making such investments must reduce the amount or they can full fill through other sources. Investing in Bitcoins is not as a get-rich-quick scheme its need time. A bitcoin holder must follow the DCA and plan long term, he can easily reach his desire goal. I don't discourage those who want to put all their savings in Bitcoin because Bitcoin can definitely take you to your expected level but you have to be patient. If you can keep your savings in Bitcoins apart from your emergency expenses then you will be more profitable in Bitcoin than any other investment in the long run.

Anyone who invested his or her whole fund in Bitcoin without making a provision for an emergency fund will not only reduce his or her bitcoin holding because he or she sold a fraction of his bitcoin to settle his financial needs but will completely miss out on holding a bitcoin because he or she will continue to sell his bitcoin holding to survive since there was no provision for an emergency fund. If you are investing in bitcoin, use 10% of your salary to accumulate your bitcoin weekly or monthly with the DCA strategy so that you can make provisions for an emergency fund that will take care of your financial needs, so that you will not depend on your bitcoin investment to sort your financial needs out.

you're right. But you know that to see someone that would be good enough to put you through in stuff concerning this crypto space as a newbie ain't gonna be easy. While looking for people that close to you that have good idea about bitcoin investment you may endup learning from a person with an half-size knowledge also that may end up bad. Most people as don't have the privilege we have here to learn from most knowledgeable users in this forum. So most time it ain't their fault to make some rash decisions investing on a wrong projevt because they where mislead by a particular individual whom claim to be pro but end up to just be an individual with an half-size knowledge.

That why most time most newbie prefer to be a selfleaner. Which Also good because that may still help I. Building good habits in researching but still learning from others with good experience and also doing your own self learning  and personal researching is just the best that would help in building a good stamina or solid foundation about investing and this crypto space. In learning more about bitcoin investment also.

Any newbie who is starting his/her crypto currency investment and chooses to start with altcoins is solely responsible for whatever outcome they got. As someone who is new to an environment, before you do anything there you have to ask questions so that people around there can give you the proper orientation. As a newbie you don't just jumped and invest in anything in the name of investing in crypto currencies. You should look for people ask people who are already experienced in it before investing. Anyone who has been in the crypto space for long will surely advise you that as a beginner you should start your journey with bitcoin investment, as your money is more secured in it. Bitcoin has always been there and will continue to be. But there were altcoins that where there few years ago and today they are no where to be found. So I will say it's a big mistake for newbies to venture into altcoins.

You should avoid pyramid post it makes things really buggy , you could bring out your points and quote  singly instead of  quoting all the whole posts

Back to the discussion, it's being said  that you require little or no knowledge to invest in Bitcoin all other learning falls in place as accumulation  goes on and that should include the technical aspect .. All an investor need to understand as a beginner is what choice of investment he/she is willing to take and the choice of storage to choose knowing the pros and cons attache to each storage (simply wallet choice).
Technical aspect my fall in line with knowing how the inputs and outputs work as a beginner and that might not really matter for a start .
So I don't see why not investing or maybe they are too busy thinking  the opposite effect that might take over the market,using and comparing  tokens to an Apex coin.

Because this is the easiest strategy they can use and I think less hassle compare to short trading where people find it hassle to execute especially that they need to always watch the movement of the market but the profit it can generate to them is so low. That's why when DCA method has been introduced this became adopted so well since people don't need to get stress to rush their buy and sell since they just wait for perfect time to execute their orders.

Aside for lacking of confidence people don't have enough knowledge that's why they are not confident enough to invest on bitcoins, but if they could just able to research all technical aspect of bitcoin also how amazing for this to trade for sure we can see them participating then go with us trade then speculate the future of bitcoin.

That would be one of the best strategies. Because most newbie would be learning about bitcoin without having any in their portfolio, due to low confidence and trust. Most of these are triggered due to a particular event he or she or someone they know of have encountered in a certain investment. Most time alot of newbie got themselves woumded by investing in a particular altcoins due to lack of proper research. Which may have leave a certain scar that have affected their confidence but still if they have started making good research they will know that "all coins are altcoins except bitcoin" Which is superior to the others in many ways. So is only when you are learning about a certain altcoins you need to hold horses (not making any investing yet) but learning about bitcoin you can start with accumulating some quantities to your portfolio as you are learning about it. Even using DCA strategies to buy $10 per week, as time goes on as you see the beauty of investing in bitcoin you would surely increase your funds in accumulating more bitcoin and the end you will that all your efforts wasn't in vain. When you see the good changes on your portfolio at that time.

Exactly, the DCA strategy has become a widespread adoption among people investing in bitcoin and one of the most interesting part it is that it creates opportunity for new investors who don't yet have experience to have a wider and broader knowledge while already taken a position in the market.

To an extent I think one of the reasons why most person have not investment in Bitcoin is because they lack the self confidence and conviction about Bitcoin existence, although it is not for everybody but, considering if Bitcoin has a place in your portfolio definitely requires you looking beyond today's headlines but the future.

Mate this ain't a newsletter or a journal,the focus is not on defining DCA but thinking up effective strategies to implement it in a bid to achieving better investment potentials say when to invest,how to invest,for how long to hold the investment
I suggest u read up more/previous posts to familiarize with the thread and topic of discussion

You cannot hold bitcoin through the DCA strategy. The DCA is a strategy used for accumulating bitcoin at regular intervals, while the hold is your ability to continue holding your bitcoin until the expected year you want to sell it, even though the price of bitcoin is increasing or decreasing. Since you are not earning much money monthly and you have started accumulating your bitcoin, don't spend your money on unnecessary things like going to parties so that you can save an emergency fund that you will use to settle your financial needs when they arise, and you will not depend on your bitcoin investment to settle them.

I think 1 year is such a short time for any investment be it Bitcoin or other investment classes. You can use 1 year to gauge how well you have done and do some forms of appraisal but setting any form of 1 year target to me seems too short. If you are to make investment in real estate, within one year you might have still been in the construction stages as erecting a building takes time. You can't expect any returns on investment within that period but after the construction phase. The same should be said about Bitcoin investment as 1 year is supposed to be the construction stage where you are building the portfolio, not expecting much but focused of accumulating as much Bitcoin as you can.

I believe that if people treat Bitcoin the way they will treat other investment classes, allowing it to go through the phases of seed planting, germination, nurturing and allowing the harvest season to reach, Bitcoin will definitely yield the expected returns. The only problem with many people is playing double standard with Bitcoin as they expect the profit faster than they would with other assets.

Personally, my target is 5-10 years for a start, this does not mean I will liquidate my entire assets within this range rather is is the period I set for myself for strategic and aggressive accumulation of Bitcoin. Beyond that, I will do appraisal and decide the best route to follow regarding my investment.

If you have been DCAing into bitcoin for right around 9 months, then maybe you can keep DCAing and then in 3-4 years from now perform a reassessment or a report back to see where you are at.  

if you have never invested previously, then it might take you 4-10 years just to start to feel as if you are starting to build something in which you might thereafter make some adjustments to your strategy.  Otherwise you are in the early accumulation stages.

If you are investing 25% of your income, then maybe you are going to reach 4 years of your salary invested into bitcoin after 4 years; however, if you are ONLY investing 10%, then it will take you 10 years to reach 1 year invested.  Yet at the same time, if BTC performs well in the next 4-10 years, then you might be able to have more saved and maybe you could be in a better position to consider what your goals might be from there - whether you are working towards reaching fuck you status or maybe something else.. and part of the framing of your goals will have to do with your own ideas regarding what it is that you are trying to achieve.


If you are so new to bitcoin and asking such basic questions maybe you need to consider the matter of bitcoin in terms of yourself, and whether you are going to get involved in bitcoin or not.

It should be a lot easier to pay attention, study bitcoin and maybe start to ask more improtant questions in regards to your own preparations if you figure out some kind of strategy and start to follow it, even if you might just start with $100 per week or if you cannot afford $100 per week, then consider something as low as $10 per week  while you are researching and learning more about bitcoin in order that you might figure out what is going to be your position and your targeted allocation, if any.  It can take a while to both build a targeted BTC allocation and also to figure out why you are doing it and maybe how to do it in such a way that is comfortable for you whether that is accumulating through DCA, buying on dip, and/or lump sum investing.


Of course, you have to engage whatever your investment plan with the resources that you have available, and I have no problem with a potential whimpy start to investing in bitcoin.. yet at the same time, many of us likely realize that there is a certain benefit that comes from front loading a bitcoin investment, especially if bitcoin might be postured in such a way that it is potentially entering into a bullish price period... but of course, we do not know, yet one of your scenarios should likely account for the possibility that BTC prices could go shooting up from here rather than either staying flat, going up and down but largely flat or down or going down... so there could be a problem with any scenario that starts out whimpy with an expectation of increasing next year.. since the BTC cycle has been 3 ups and one down, 3 ups and one down.. yet even the pattern is not guaranteed, but we are only into the 1 up from 2023, so it could well be that we have two more ups prior to the down.. and yeah of course, not guaranteed, but if you are not financially and psychologically prepared for that kinds of scenario and you end up going into bitcoin too whimpily, it could cause you to end up FOMOing in at a later date rather than anticipating such possibility of 2 more ups and then a down from the start.

But yeah no matter what you do, you do not need to convince me or anyone else, and surely I cannot even really completely know your situation even if we spent a lot of time discussing it, and these kinds of threads are of general discussion anyhow, so anyone is free to present various aspects of his plan including whether they are hypotheticals or maybe they do not completely give away specifics, but you could still suggest (as you did) the various ways that you are thinking about the matter.  

Many of us likely try to consider our budgets as monthly budgets, even if we might get paid on a different basis and even if we might invest into bitcoin on a weekly basis, and part of the reason is that some bills that people have would better estimated on a monthly basis.. .. and still within a monthly basis there might be a lot of variation in terms of which cash streams are reliable and how much some of the cash streams might vary from month to month, and the same is true with expenses, but you can still get some kind of a handle on them and have a general target regarding how much you expect to have extra in your income versus your expenses, and then base your bitcoin investment on that.. which maybe is what you were doing when you said that your extra income is a certain amount and you will have 10% of that extra go to bitcoin other parts towards going towards your emergency fund etc etc... so yeah once someone figures out the amount of their disposable income then they could have all of that going towards investing in bitcoin, building the emergency fund (until it gets to a certain size that is acceptable to you), perhaps keeping some kind of reserve and float too.

Some people have a disposable/discretionary income that happens to be real high like 50% of their total income and others might have only 5% 10%, so they will be struggling more in terms of having funds available to aggressively invest into bitcoin and/or to build their emergency fund.

Investors have invested even before DCA investment method came but DCA investment method has made investing easier for people. In the DCA investment system, now all types of people or all professionals are getting an opportunity to invest if they want. Where earlier we used to understand investing as investing a large amount of money, now we can start investing with any amount of money and gradually we can increase our investment. Those who have more money now are also investing in DCA investment method while those who have little family money at the end of every month and those who have idea about investment are also managing their investment. DCA investment method is an investment method that will be liked by everyone and everyone will want to invest in this method. Earlier, we had to deposit and invest a lot of money, now we are getting the opportunity to deposit and deposit that money through Bitcoin.

People's danger or need will never come as suddenly any time a person may be in danger or suddenly a person may face a big financial problem. Now we may be healthy so now we don't have to bear hospital expenses but when we or someone in my family gets sick our expenses will increase and if we don't have extra money at that time we will be forced to sell the investment. Investing doesn't just mean that you are investing what you have but investing means that you have to think about your investment because after investing you should not sell the investment at all. If you think about this, you must also think about the fact that financial problems may arise later, so instead of investing all the money, you have to set aside some money from the remaining amount and invest with the remaining money. 

Just as investment is very important for us, it is very important for us to see the problem when someone in the family is sick or has any other problem, so we should give equal importance to both.

If you always expect a fall and always think that you will invest when the price falls then you have missed many opportunities and you will miss many more opportunities in the future. But the market will not only go down but the market will also go up so if you are only waiting for the market to come down then you are not able to invest properly. What is our investment plan, our investment plan is that we will invest and hold the investment for a long period of time if we only wait for the price to fall then when we will invest and when we will hold our investment. 

When the market moves above $1000 or $2000 from the current price, we consider that price to be the highest price and at that time we wait more in case we buy during this high price and we may face loss. I wait like this but when the market goes up again then again it seems that it is the highest level of the market and even at this time there can be risk of loss by investing. Only we keep thinking and waiting but our investment is not done. An investor can start his investment without thinking about these things, if the price falls again after he invests, the investor can invest again at a relatively low price. 
By investing in this way, the investor will not miss any opportunity, that is, he will be able to use every opportunity properly.

If the investor expects good things, he must wait for them to invest. If you wait to invest, you may hear bad news or good news about the market, but you should take it as normal.  There is no doubt that when all these market news will not have any impact on an investor's investment then that investor will be able to hold his investment for a long time.  After investing we have to be strong, have patience and determination only then we can reach our goal.

Of a Truth self conviction plays an important role in the life of a beginner because while trying to invest in Bitcoin you may be going through some technical analysis to know the right investment approach to follow in other to succeed in your investment, however every beginner makes one mistake or the other during their investments processes but this mistakes unleash them to more business ethics and ideas Incase of next time they want to make investments so it will enable them to be exposed to the right investment techniques in other to become successful investors.

Basically, an investor doesn't actually have to listen to much opinion from people who thinks they are investment experts as sometimes they stand as a distraction for one to concentrate and learn some basic techniques and principles to follow in other to make right decisions in the course of ones investment practices.

I see the investment of bitcoin as something sacred, something that we must always know how to do, we cannot think about the investment of bitcoin and think that we will Obtain benefits tomorrow, right now everyone is alarmed because bitcoin is at $39k, then it went to $43k and They still haven't reacted, what does this mean? That if you have money to buy bitcoin, if it is in a falling state, should you buy it, or should you doubt that, should you diversify your money into other Cryptocurrencies ? It is not the solution, it is something that does not look good, the only investment that should be made without thinking too much because it is a safe investment, is bitcoin, there is nothing else, intelligence must be used to realize that bitcoin if you buy it When this price rises more than $100k, the benefits will be seen.

All this has to add up to do things with the best Availability possible, that is, if we have bitcoin and it goes up, let's wait, if we wait when there is a new ATH it is ideal, but how can we get this into the heads of investors who Will they see a lot of news and let themselves be carried Away by fear?

Because in the end, this kind of reserve fund can be an important condition to support the sustainability of what we do, including investment.
When someone wants to develop their economic conditions and make investments, they must indirectly know the initial steps that are developed and of course emergency funds are a situation that should not be absent because this will be an important situation to support so that the steps we take to invest and support life in order to continue to survive can be carried out.
This is basic but sometimes not seen by many people even though small things like this must be prepared so that situations that will occur especially with unexpected events can be minimized.

Absolutely the DCA gives an investor room for flexibility to also face other challenges he in real life. The DCA method is perfectly designed to give everybody the opportunity to invest without complaints or the burden of having a huge capital base. Many people today were able to have bitcoin today because of the DCA method. Without the DCA method I don't think many of us could have been able to have the amount of bitcoin we have in our portfolio. I can boldly say that the DCA method is the hope of the common Man I accumulating bitcoin, since we can't measure with the whales.