Topic: Buy the DIP, and HODL! - page 327. (Read 123703 times)

@ crypto princess 101, adding bitcoin investment in an individual investment portfolio is solely depends on the individual because asking the question Why do you want to include Bitcoin in your investment portfolio will as well be answered individually. You don't have to buy Bitcoin because it is the talk of the town and what everybody is doing is a wrong approach and any one that goes by this way will end up badly and a wast of time, individual risk tolerance is a top priority in Bitcoin investment. What is shared here is only advice which some person will take advantage of it, just like in a senero where pastors preaches what is obtainable according to the gospel and not doing it, what is mostly important is the quality of the message that has been passed, utilizing it depends on the individual.

Bitcoin will hold is completely investor's wish because I can say that if Bitcoin holds then there is no possibility of loss in any way. Newbies usually have to accept the risk of holding Bitcoin so it will be easier for them to invest. As here all solutions are given on how to invest in DCA method. So like I've been investing in my Bitcoin DCA method for a long-14 months, and I only invest one day a week. However, investing in Bitcoin requires the ability to accept risk.

When it comes to the subject of assets in general, assets could be anything of value that has the potential to grow and increase in value over time or generate profit, an asset could be a business, investments, raw materials etc. And one major thing we look at when buying assets is for we to know that it depends on how you handle your assets that It would generate profit, but in the case of bitcoin, you don't really have to do much thinking like business, you just have to hold or buy at lower price to get more bitcoin. Its just like having a land property or even stock. And bitcoin can act as a good store of value cause it is not affected with the inflation happening in fait, if you invest 30$ worth of bitcoin, when you want to withdraw it, whatever value your 30$ had when you invested it would be retained and even better the asset can even worth more at that time, so people investing in bitcoin has the advantage of retaining of value.

An asset isn't something that has to produce profit on a daily or weekly basis before it can be considered an asset.
Some assets produce profit in years. An asset is something that has the potential of generating income over time. It is something that when held or owned it can generate liquid whenever you choose to dispose of it. An asset is something that when you spend the initial capital outlay to acquire it, you won't bother spending your money to maintain it. It's generates money for you in the end. I won't see someone who put his hope on bitcoin generating him money on the long term as being wrong. If bitcoin doesn't have the potential of generating profit on the long run then people won't be investing in it. People are investigating in bitcoin because it has the potential of generating profit when hold for a reasonable number of years. Although the profit might not come when you are expecting it, that's why it is a long term investment.

An Assets is something that's of a great value and can provide a good benefit in the future, so of course Bitcoin is a very big Assets that everyone would wish to have a good amount but however it should not be seen as an Asset that could easily provide profit on a daily or weekly basis, so you have to be clear on your perspective about seeing Bitcoin as an assets, because just like every other investment, time and patient is the determining factor so before Bitcoin could serve your purpose is only if you are ready to hold for a long time before you could see the potential of Bitcoin unraveling. So perhaps putting your hope and seeing your Bitcoin investment as a source of income is totally a wrong investment planning which could results on making bad decisions at the end.

While life can be all fun and full of enjoyment, we take drastic decisions that may worth or many not worth our expenses. Not worth spending in terms of owning two phones not just phone alone other stuffs worth million with these stuffs performing alike functions, it may be worth the fun but considering not having a financial investment involvement whereas the stuffs are meant to return in profit the value at which it was bought, more examples are like people owning luxury cars and wrist watches but have not yet established financial investment, it is simply very unwise.

Bitcoin could be the best financial investment to get involved, it all becomes a matter of BUY AND HODL. And

Volatility is inevitable for any growing new asst like Bitcoin  but is mainly a problem for short term investors know as traders because long term investment does not requires you looking at the market price of Bitcoin regularly. For instance, if I start my bitcoin investment today and plan of hold for 7years or more I will not be bordered when price drops especially when am using my stable process of DCA strategy.

For those worried about the volatility nature of bitcoin the DCA strategy is highly recommended as the advantages are too enormous that is why it is all over this thread.

Volatility shouldn't affect our mentality because a smart investor  will only take advantage of it by buying more at dip.

I don't know why people do that but I have seen a lot of them probably just to show off and impress people who in reality are not even looking at them. Societal pressure have made some people lose their senses and it is quiet unfortunately. If I knew what I now know in my few months of being active in this forum, I know where I would have been with my Bitcoin investment because most of the money that entered my hands were spent on things I do not even remember.

Then I could have comfortable be doing $10 weekly DCA and by now it would have amounted to something significant. Well, I'm glad to be started the journey now, I believe it is not yet late to build a Bitcoin asset. I just have to discipline myself to follow all the rules to successful investment and holding of Bitcoin and see what the future have for me.

Thou you have rightly said but on the contrary the focal point should be based on the measures of wellbeing and fulfilments, the choice of strategy is totally dependant on individual on which should be more comfortable with either lump sump or DCA which seems to be more a conservative approach, you can see how it dominates the discussion here because it mitigates the risk tolerance and don't forget that the attention is drawn from individual who totally do not have any Bitcoin portfolios going on. Every newbie to Bitcoin journey is adviced to start a bitcoin investment with the DCA strategy and lump sump whhen there is a dip in the market. What is shared here is advice.

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

I think if a person doesn't have money to invest or Start his bitcoin journey, the best thing for him or her to do is yo be patient cause as you said selling a gadget to making any hasten decisions would not solve the problem especially if this person would want be buying regularly and doing his investment in a proper and calculated manner, having a cashflow is the first basis of investment either your earning salary or you own a business, allow me to deviate a little, a little after I joined this thread I started reading books on investment and I came across this book cashflow quadrant by Robert t. Kiyosaki, he is popular in some regions, he teaches mainly on real estate investment and from what I've read, the most important part of starting an investment is to have a cashflow. So if thsi person really wants to start his investment journey what he should do is get himself a job that can pay him even a minimal of 30-50$ weekly that he could start to plan out himself, and since his just starting and in his case, it would be good he start to save up his emergency funds first while he looks forward to rising his cashflow may 3 months of emergency funds savings then he could start up his investment.

It's all about patience cause if he starts hastily, he would end up in regret or later failing to really hold. Comfort first then investment.

There are some properties that are liabilities instead of an asset. When someone has a property that is a liability and the person choose to dispose the property and invest the money in bitcoin, I don't think there is a problem with that. Not really that the person is jobless or don't have any means of steady flow of income. Some people dispose their assets which are seen as liability and use the money for a lump sum buy in bitcoin.

We all know bitcoin investment is a long-term investment for like 4-5 years before you can benefit from it. People who have what gives them money daily, weekly, and monthly are very much allowed to start accumulating bitcoin without running into financial problems because they can save an emergency fund anytime they receive their money to be used to take care of their financial needs while they accumulate bitcoin with the DCA strategy. But people who do not have what gives them money daily, weekly, and monthly should not rush to invest in bitcoin because they cannot save up emergency funds they will use to take care of financial challenges, and we depend on their bitcoin investment to survive when the money they managed to save before they started accumulating bitcoin has finished. As a newbie, stick with accumulating bitcoin with the DCA strategy to enable you to buy bitcoin at different prices and reduce the volatile part of bitcoin in your holdings, but if bought at the dip and it continues dipping, you will be angry by the little loss you experience in your bitcoin holdings because you are new to it and might even make you sell your bitcoin at a loss.

for most persons saying they don't have money to invest in bitcoin the reason could be that they don't know it doesn't take a thousands of dollars to invest in bitcoin, yes am saying this because many do not know that a single Bitcoin is made up of 100 million smaller units know as satoshi of which they can possibly buy a fraction of it.

On the other hand most person have made a mistake of starting there Bitcoin journey without having a source of income flow, selling a gadget, electronics or whatever to start a bitcoin investment is not just enough, it has been discussed severally in this thread that having a source of income flow and a provisional reserved and emergency funds is paramount after meeting up our basic needs.
And that is the only way you can be successful in your bitcoin accumulation journey unless selling of your property or properties is to start or add up to your existing business which will be giving you steady income flow. If is on the part of starting a new business, the money sold from your property should be divided in to three where one part will be use for your up keep, the second part for business and the part for your Bitcoin investment, if in the case of an existing business the money sold from your property should also be shared in to three one allocated to your business for full back up the other for personal needs and lastly for your Bitcoin investment through your DCA strategy which could be weekly or monthly, I think this is the best way to go about it because you now have a backup for both your personal needs, your business and your Bitcoin investment.

For the fact that market is volatile we should plan each action we want to take since if we rush all things since we got FOMO on certain situation then provably we will fail by the time we acquire our bitcoin since provably we can face something negative especially if market declines and for sure we don't want to see that.

That's why its really better to widen up our knowledge first and learn each strategy mentioned by a lot of people for us to try so that we can develop something that can possible help us regarding on what path we are going to take. And once we experience a lot of things here especially on our trades for sure at that time we will not get bothered about market events and we will be in focus on the timeline we set or either we want to trade using DCA or strategy or we don't give a shit on anything and all we want is to hold.

In the world of investing wait for the perfect financial situation before taking the plunge can often lead to missed opportunities.Instead of focusing solely on having a comfortable emergency fund before investing, consider adopting a "dip and hold" strategy that allows you to start small and gradually build wealth over time.Many investors fall into the trap of waiting until they have a substantial amount saved up before considering investments.However,this mindset can hinder financial growth and delay the achievement of long-term goals. Instead,think about how much income you have coming in regularly whether it's daily,weekly,or monthly and allocate a portion of it towards investments.With the "dip and hold" approach,you divide your income into segments one for emergency expenses, another for daily needs,and the remaining portion for investments.By setting aside a portion of your income for investments regularly,you can start building a portfolio even with a modest amount of savings.One key aspect of the "dip and hold" strategy is to remain committed to your investment plan,especially during market downturns or fluctuations.During periods of market volatility,it's tempting to panic and sell off investments to mitigate losses.However,staying disciplined and holding onto your investments during dips can often lead to greater returns in the long run.By consistently investing a portion of your income and holding onto your investments during market downturns,you can take advantage of buying opportunities when prices are low and potentially reap the rewards when markets rebound.This approach not only helps you start building wealth with limited savings but also instills the discipline needed to navigate the ups and downs of the investment landscape.In conclusion,the "dip and hold" strategy offers a practical approach to investing that allows you to start small and gradually build wealth over time.By allocating a portion of your regular income towards investments and remaining committed to your investment plan during market fluctuations,you can set yourself on the path to financial success while avoiding the pitfalls of waiting for the perfect financial situation before investing.

There are many types of plans to invest in Bitcoin, but it is not possible to make such a plan because a person will never sell and invest the things he likes. No one wants to sell favorite thing, but we know iphone is every person's dream and favorite thing, so they invest a lot to buy this thing just hoping for money. If you have an iphone or samsung mobile then you never think of investing by selling them, instead you make another plan and go for money to invest in bitcoins. If you save but have no money then you can invest from there but if you sell a phone, and you invest then you will definitely need another phone then you will not have money. But if you want to invest Bitcoin then you must first work hard and earn your money then invest it will be able to bring you maximum success. Why iPhone is not a big thing, but you must have a mobile or laptop to invest if you sell mobile then if there is no such thing then there will be nothing to invest so it is a wrong decision. But if you invest then definitely use your savings, it will pay you good amount in future. Also, you must use DCA method before investing as it will always free you rather you will not face losses.

We ain't talking about cryptocurrencies and other altcoins here, shitcoins are mere pump and dumps as some investors seems to invest base on hype and FOMO and all that but however, lets not digress from our major discussion here as our interests should be focused on buying and hodling enough Bitcoin in our individual portfolio now that the price hasn't skyrocketed yet, the DCA is a profound way of accumulating at regular intervals as that has always been the bone of contention of our discussion here because the halving is quite approaching and afterwards the bull run begins so it would be so sad that as a bitcoin investor, you couldn't accumulate much bitcoin as a result of waiting for further dip which may not occur and at the end of the day you don't have reasonable amount of Bitcoins in your portfolio.

Using ones tongue to can't the teeths would be meaningless if you don't buy now and hodl because so many persons actually talks about buying and holdling here but yet if you check their individual portfolios you will find out that they have little or no bitcoin in there.

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out. Do not allow FOMO to make you accumulate bitcoin when you have no source of income. Before you accumulate your bitcoin, make sure you have a place where you are getting money weekly or monthly to enable you to keep an emergency fund that you will use to settle your financial needs so that you can accumulate your bitcoin without depending on your bitcoin holdings to take care of your financial challenges.

Mate, if you have any intentions of buying the bitcoin dip but are afraid of waiting for it because it is not favorable, I think if you have enough money to use in accumulating your bitcoin, you can divide it into two equal parts and keep one part to buy bitcoin when there is a dip and use the second part to continuously accumulate bitcoin with the DCA strategy.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.