Topic: Buy the DIP, and HODL! - page 325. (Read 123703 times)

The reason I so much cherish the DCA method of investing in Bitcoin is because it eliminates most of the concerns you have just raised in your comment. The DCA method helps stop you from worries and continual worries about your investment because you are putting just a little part of your income in a regular basis, in such a way that it will not impact negatively on your living condition. You can practically start investing in Bitcoin through the DCA method provided the basic requirements are met.

Secondly, you don't have to be a pro to invest in Bitcoin through the DCA method, you just have to discipline to follow the principles. It is not like day trading where you need to have expert technical knowledge of the market neither did it require you to be an investor for several years, even a newbie can apply it just like most of us started using it when we have just little knowledge of Bitcoin. This is how simple and cool the DCA method can be and why it is the preferred method for little fries like us who are aspiring to build something significant for the future.

I don't think investing all your money into bitcoin would be the best idea no matter how you desire to own bitcoin because to properly hold your assets they must be a place of comfort and stability in what you are doing. It's been discussed several time here that comfort is one basic things we need to consider in order not to sell our assets, cause it would be unwise to later sell those assets because an emergency came up or you enter a state of panic because of lack of funds. I'll rather advice if the money he want to invest is huge, he can split it into two parts, like let's say he has a total of 5000$ worth of cash that he wants to invest, its preferable he splits the money into two parts and invests 2500$ with DCA while he divides the rest as emergency funds and to build up his reserves. This would  enable him have space to plan things out as he acquires more knowledge on bitcoin investment and also know how to set up more of his income into DCA. And if he does this rightly he is already at an advantage of having huge capital that can cover up for emergency funds and good reservations while he invests with comfort.

I agree with you because bitcoin is something that will have to hold for a long term before we can see the profit that can change our lives. It is important for anyone who has completed his bitcoin accumulation plan to diversify into other businesses that are not bitcoin-related, like selling commodities or real estate, so that as you are holding your bitcoin until the year you intend to sell it, you have a business that will give you money to solve your daily needs and also have the strength to hold your bitcoin for the long term because you have a business that is given your money and you will not be thinking of selling your bitcoin to sort yourself out.

No one should ever go all in into any investment whether bitcoin investment or any other type of investment unless it is an investment that was developed by yourself. Just like a business or company. Yes, some persons may consider  it as taking risk. But it is not unwise because if along the line some life challenges start occuring the investor will look back to his investment since he that is the only option he have money in. Solving the problem with some part of his investment would be the only choice and it will cost to jeopardizing his investment, prone to risk. Infact, if the market begin to dip that will put him in a state of pressure and loses. This is why i consider dca approach as the best approach to bitcoin investment. It limits unnecessary pressure and give you opportunities to keep some money for yourself while you accumulate your bitcoin.

It is best not to mix emergency funds with investments in Bitcoin. You can allocate the money for some needs, including an emergency fund and for investing in Bitcoin so that for each need, there is a certain amount of money ready to be used. Your investment in Bitcoin does not need to be used as an emergency fund so you can continue accumulating more.

You can be calm in carrying out your investments by allocating funds for each need. No one will be disturbed because even if you have sudden needs, there is already an emergency fund intended for sudden needs. Your investment funds will not be disturbed or used to cover sudden needs.

That is where we need to have a fund allocation so that there is no interference with each fund allocation. Many people sell their Bitcoins because there is a sudden need and that is acceptable. But they should also make a budget for sudden needs so that it doesn't interfere with other needs.

That's how important to have emergency funds since you will never think about touching your bitcoin holdings once you have that since you are fully prepared regarding on investment you wanna take especially for long term purposes.

That's why before thinking to invest much really better if you know your financial capabilities since you will never succeed if you just have small funds on hand and don't have any back up since if some scenario will came which we don't expect then it cause a decline of our investment for sure we get panic on that situation then might lead for us to think dumping all the coins we have since we don't have anything left to spend.

So proper preparation is important so that we can fulfill our plans and can make our DCA strategy or long term holding became more efficient or successful.

As an investor that has planed a long term portfolio, if you don't want to be distracted or wanting to withdraw from your invest due to needs that may arise in the long run, it is a duty for you to either has extra income or keep some portion of your existing income in other to savage such unforeseen situation when it comes, this digital asset investment does not have a definite price, no matter your target, you follow the instructions in other not to derail in the process, that's the foundational knowledge is required for every bitcoiner, just imagine if an investor, invest all his money, how will he eat, what about basic needs, that's to say such investor does not understand bitcoin, if not wouldn't think this way, as a matter of fact, every interested investor in bitcoin should invest what he can afford to let go, don't be in pressure, just keep DCA strategy alive, slow and steady.

the only pressure that might come with bitcoin accumulation is when you don't have an alternative source of income and you're basically investing to get immediate profit. The reason why most people get pressured or tensed whenever the price of BTC comes down is basically because they've not designed and defined they mode of accumulating bitcoin if not, you would even have some spare funds from the normal job you're doing that you will set aside for bitcoin purchase whenever the price comes down. While you're being worried that you wouldn't make any profit when the price of bitcoin comes down, others see those period as the best time to continue accumulation more BTC.
 

the thing about making an investment is that you need to tell yourself the truth that this is an investment and that some form of challenges will come along the way so it's only best to set out ways to overcoming those challenges rather than complaining that the reason why you have not invested is because of the risk associated with it.

Am emergency funds is a cash reserved that is specifically set aside for unplanned expenses or financial emergency.it is a  prioritize factor in your bitcoin accumulation strategy whose fundamental purpose is to enable an investor not to sell his investment prematurely in the case of an unforseen circumstances that may arise and if this is taken care of it becomes easier in the Bitcoin accumulation journey with target and the emotional rest needed to manage the asset.

Which unwanted information are you talking about? Investing in bitcoin through the DCA doesn't require anybody giving out any information, it's just for you to understand what DCA means and following it. Also investing in bitcoin through the DCA doesn't help you to accumulate money, rather it help you accumulate bitcoin on a gradual process. It helps you accumulate bitcoin and not money. I don't see how investing in bitcoin through the DCA method will attract investors into bitcoin, maybe you can share more light on this. DCA is utilized by investors who have made up their mind to invest in bitcoin both old investors and newbies. DCA is an investment method not something that attract investors.

 
I disagree with you on this it is never a good idea for any investor to invest all his entire money , if you invest all your entire money you will be left with nothing and that is gambling with your investment and this will  increase emotional instability when there is a downward trend in the market you need to save some part of your money to enable you grow your asset and reach your specific goals.

This is why the DCA method is the best because using this method, bettors can accumulate bitcoins. It is best to set aside 5% to 10% of your bitcoins for extra expenses. Thus many investors have benefited which is now reaping the benefits as a result. The more you invest, the more bitcoins you can earn.

bitcoin is not money but an asset, a store of value and wealthy for  future profit maximization.
Your expression don't seem to be well organized but from my contractions the DCA  strategy is highly adopted and recommended as one of conservative approach of accumulating Bitcoin for long term investment as it lowers the risk tolerance that is associated with Bitcoin accumulation which could be weekly or monthly considering your income flow and the allocation % of about 5 to 10% .with your reserved and emergency funds set aside.

Money is a very valuable thing in our life. Everyone has to work hard enough to earn money, very easy but never money. Since it is difficult to make money, it is natural for an investor to think about it when he invests that money. If an investor invests the entire wealth that he has accumulated over a few months or years, he must think whether he is investing his hard-earned money in the right place. Those who have prior knowledge of investing may not worry so much after investing but this problem is more common among those who are new to investing. In the initial stage an investor thinks a lot after investing but gradually he gets enough confidence in the investment and he gradually starts to trust the investment. If we invest then we must invest with confidence in the investment and if we don't have confidence in the investment then we can never keep that investment for long and we will never get our desired results from that investment.

Whatever work we do we must enjoy that work and we must have enough respect and devotion towards that work only then we can do it properly. If we find the work we are involved in burdensome and if the work is boring to us then the work will not last long for us. People who serve in the military enjoy their job and take enough pride in their job that they can serve in the same position for 20 to 30 years continuously. It is not that everyone can work in the same position for twenty to thirty years, but those who do not have respect for their work or those who do not enjoy that work leave the job after working for some time. If we plan to invest then we must treat investing as fun and we must make sure that we enjoy the investment to the fullest. When we fully enjoy the investment, the results of the investment will definitely come in our favor after a certain period of time. We must ensure that we are not such investors that we are short-term investors, but that we invest permanently and hold on to them for the long term.

An emergency fund is definitely important for investing but not all investors can invest by building an emergency fund. There are some investors who have a small amount of money to invest and they start their investment with that small amount of money and do not build up additional funds. Additional endowment is usually done to ensure continuity of investment in which case those who have good financial support can create additional funds to ensure continuity of investment. But I think it has to be done as an investor has no such thing. Emergency fund can be stressful for some people and surely an investor can't hold his investment for a long time with pressure so those investors can invest as they want in this case there is no need to take this pressure. Investors can invest as and when they want and with as much comfort as they can invest, so if it is not possible to build additional funds, then there is no reason to take this matter as a pressure at all. Additional funds can be taken by an investor only as an optional means.

Here we are not going to give any unwanted information as we follow the strategies of how to invest in DCA method here. It is possible to achieve success in investing in Bitcoin based on the only strategy, because investing in Bitcoin DCA method will help you accumulate money. And will attract more investors to invest in Bitcoin.

Each of us will reach these points of feeling that we need to diversify based on our own situation, maybe if we came to bitcoin with other investments already, or maybe at some point down the road, then we consider that we need to have something other than just bitcoin and cash... even though bitcoin is likely going to continue to serve as a very strong investment, there could be ways that some guys might choose not to diversify any further than bitcoin and cash, since they like how liquid bitcoin is as an investment as compared to many very rich people who might even be multi-millionaires, but they still might not have a lot of liquid investments, so there is some value in having investment assets that are very liquid.


Of course it is very good to individually tailor, and sometimes there will be less stress when you have at least spent some time accumulating, and even if you feel that you do not have enough, with the passage of time and more time investing, the harder it would be to cause you to feel like you are totally unprepared for up... and that is one of the problems that a lot of newbies have.  They some times spend time trying to figure out how and when to invest into bitcoin, so during much of that time that they were spending trying to figure it out, they were not bolstering their preparation for up... so yeah, there can be a lot of times that the preparation for up can be painful, and maybe in some sense you are lucky since the BTC price has largely been upwardly sloping for the past year, so that can bring some psychological relief - even when financially you might have been better if the BTC price had been flat or down.. .. but in the end, the price is what it is, and if you just do whatever you can in terms of ongoing BTC accumulation, you cannot really change the fact that you could not really know which way the BTC price was going to go in the last year.

Another good feeling is getting through a whole cycle.. so hopefully you are still feeling good about whatever you are doing or able to do in regards to your BTC holdings by the end of a whole cycle.  We will see.  .. Seems like exciting times in the coming years in bitcoinlandia, even if there can be some uncertainty too.


If you started and you did not have any kinds of investment systems in place, then going through a whole year will give you a whole years practice in order to see if there might be some areas that you can improve.. especially if there might have had been some times in which you had shortfalls in your cash.  Sometimes little tweaks to your practices can fix those kinds of problems, but then if you make it through a whole bitcoin cycle, then you likely will have a quite a bit of adventure in front of you to see how the next years go and to probably allow you to feel more and more solid like a person who keeps and maintains a bitcoin holdings.. .which is still a minority of folks in the world who are actually engaged in such a practice. 

Like someome like me I don't bother my self with such. I hardly even checked my portfolio talk of panicky all I care about is accomodating more bitcoin and even though bitcoin do experience any dip I still don't feel any thing. Because I would still be in good profit because of my early entry. So no need for me to panic and with my DCAing strategies still ongoing whenever the price surge I would be in great profits. Looking at your portfolio always is just like you are testing your emotions. Triggering alot of thought like thought of selling it now or removing some quantities from it because of the kind of profit you making at that moment and still even though your profit good or big selling your asset now in this recent price is still premature selling.
So to avoid all that don't focus on checking the price always just focus on how you can keep accumulating some nice quantities so that when bitcoin experience a great surge creating a new massive ATH you would be Damn I am so lucky I didn't sold mine asset back then.

Your quoting pattern is really off, I mean just try and clear out the unwanted information then try to converse with users from the exact points you want to show because it's looking really awkward to see so many conversation being quoted and at the very end, the message you are passing is not seemingly related, why not quote the need parted for preference and leave out the unwanted information, it makes it more convenient and readable for the users.

It is we that allow ourselves to fall into unnecessary pressure when accumulating bitcoin. It clearly shows that there is something wrong we are doing somewhere which we are not paying attention to. Many people investors play around with some part of their investment and do not care what is the price of bitcoin. They have their eyes on daily %, looking for places to enter and swing trade. If by any chance the price drops more than the risk they can bear they start facing unnecessary pressure. The problem is that most persons will buy when the price is high and when it starts dipping they begin to panic and start selling thinking they would lose all their money in the investment. I wouldn't advice anyone to invest in bitcoin if they are not hodling it for long.

However, we cant fall for this temptations if we respectively just buy and hodl our bitcoin. Without looking at the price of bitcoin in the market. Just like any other assets it is volatile and the price can be affected by other factors. But it shouldn't be something  to hang our minds on what we should bother about is how we can increase the amount of accumulation and the best strategy to do so. Meanwhile dca has the best bitcoin accumulation solution. With less risk, less pressure and consistent accumulation.

When you are accumulating Bitcoin and you are facing a lot of pressures, chances are high that you are not following some of the rules that makes for peaceful holding of Bitcoin. Besides, a long term holder of Bitcoin does not regularly need to be looking at the price always because the price is irrelevant since you are not looking to sell and it is expected you already have a buying strategy in place like the DCA method or buying the dips which can be done with limit orders. Finally, Bitcoin is a volatile asset just like every major asset being traded in the open market however, since we are not scalping, the volatile nature of Bitcoin does not come into the picture.

When I was not using the DCA method, I was spending hours daily just monitoring the charts and checking if my assets are in profit. It was a huge pain in the ass as there was no day I will not want to login unless when I do not have the opportunity to. Just imagine how challenging this could be and the joy that will come with anything that solves this problem for me like the DCA did. Now I know better and I'm taking advantage of the knowledge I have now to be investing peacefully and comfortably in Bitcoin.

I have adopted the generally accepted norm here which is get a source of income through which your basic needs can be met and some funds set aside for emergencies and then invest in Bitcoin from the remaining part and see how all the stress, fear of volatitily and risk and every negative energy will disappear.