We have an exception to if we are interested in going all in at once with our investment, this could be only possible when we make the necessary research on the previous performances of the market and the coin we are having in mind, then compare the past to the present and if you could speculate something out of it, whereby it's profitable to buy the dip and invest when the market is extremely bearish, in this situation, you can go all in at once and invest, but never make a mistake of investing on anything else aside bitcoin.
Perhaps to be more in a saver side it will be of a great importance to have another separate funds rather than having only one strategy for buying the dip when we know how Bitcoin price movement behave at times and the possibility of falling drastically after moving uptrend is not certain so the best way to take advantage of any opportunities presented by the Bitcoin price is keeping some of your funds on DCA which will allow you to keep accumulating without thinking about if the Bitcoin price is high or not and before you realize you have already accumulated a lot of Bitcoin and the price of Bitcoin may still not be able to get to your targeted point to buy the dip , so perhaps even if you were not able to buy the dip since the price did not give you the opportunity perhaps your DCA has already cover you up. 
Topic: Buy the DIP, and HODL! - page 340. (Read 123656 times)
In this strategy I buy stocks or assets when their prices fall (sink) and then hold the stock for a long period of time in anticipation of a rise in price which helps me to profit safely from the creep market.I do this based on the idea that market fluctuations are temporary, And over time the value of the asset will increase and help to exit the market safely.This approach requires patience and belief in the fundamentals of investing. However, it is imperative for new investors to conduct thorough research and consider the individual circumstances of each investment before implementing this strategy. DCA treading is the better strategy for this' Buy the DIP and Hold '
Don't just invest thinking this way but accept what is real and then you have to invest. If you think like that I am investing and I expect this investment will give me something good and of course after I invest I will get a lot of profit from this investment. Investing with such expectations means that you are investing only with positive prospects. You can't just invest thinking that something positive can happen, you have to invest in such a way that you believe that your money can both gain and lose. However, since you are investing in Bitcoin for a long-term plan, your risk is of course much lower and the chances of profit are high if you hold it for a certain period of time. Those who invest with the thought that what is there will be seen later, after I invest I will surely profit, it can be seen that these investors cannot hold their investment for a long time. So invest by accepting what is real and what can happen so that later you don't face any problem in holding your investment.If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
Since our investment is through money, we need to plan our money before investing. This must make me think about how much income I have and how much I can invest. But if I plan based on my income then I can't manage my investment properly. Investment is not one day investment or investment is not for short period of time, investment is long term and investment is usually done in long term plan. I thought I invested and I thought I sold the investment but we are not able to invest properly. The amount of money being invested must be invested for a long period of time and if there is excess money it can be added to the investment if possible. But I would never ask an investor to invest so much money that he would need to sell his investment later. Investors should invest relatively small amount of money and if an investor wants to keep more money with him so that he can use that money for his needs but it is a better decision not to sell the investment before the specified time. Based on the amount of money left by the investor every month or every week, the investor has to decide how much money he can invest every week or every month.Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC ** (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
**[b]Edited:[/b] Here is the link for DCA of $100 per week for last 3 years https://dcabtc.com?sd=2021-01-24&sda=custom&f=weekly&d=3_years&ac=10000&c=true
You have definitely said a good way where people can invest very easily and plan their own way how to arrange their investment plan regularly, I hope many people will find your way useful. As per your suggestions if one makes an investment plan for 3 years and maintains consistency then it is certain that his life will change before the first term is over.
But we find that there are many people who expect leverage too quickly and trade or gamble in which case people lose against profit, ultimately losing the original investment money. It is important to make proper and the right decision.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
I completely agree with you. Putting $100 into BTC every week for the past 3 years even when the price was high would have made a lot of money. The person would now have around $22,320 worth of BTC from an initial investment of $15,700. This is impressive considering the amount of money they had to spend. It shows that investing for a long time and putting money into BTC regularly is a good idea. Overall this strategy worked well for the person.For me $100 is an aggressive level even though every week the dollar value is not the same that is inputted, it will still be the best way with this strategy as long as it is one path with DCA that is run regardless of the money inputted it will still be good even though weekly our money is not the same $100 so on.
Starting from $30-$50 to $100 this method is still good if you do it to BTC.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC ** (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
**[b]Edited:[/b] Here is the link for DCA of $100 per week for last 3 years https://dcabtc.com?sd=2021-01-24&sda=custom&f=weekly&d=3_years&ac=10000&c=true
You have definitely said a good way where people can invest very easily and plan their own way how to arrange their investment plan regularly, I hope many people will find your way useful. As per your suggestions if one makes an investment plan for 3 years and maintains consistency then it is certain that his life will change before the first term is over.
But we find that there are many people who expect leverage too quickly and trade or gamble in which case people lose against profit, ultimately losing the original investment money. It is important to make proper and the right decision.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
We have an exception to if we are interested in going all in at once with our investment, this could be only possible when we make the necessary research on the previous performances of the market and the coin we are having in mind, then compare the past to the present and if you could speculate something out of it, whereby it's profitable to buy the dip and invest when the market is extremely bearish, in this situation, you can go all in at once and invest, but never make a mistake of investing on anything else aside bitcoin.
It is therefore mostly advised that when choosing a particular pattern of accumulating our bitcoin asset to hold, we should make use of a pattern that best serves our interest, using DCA or going in at once with the market when it is dip, buying and holding at the bear season is profitable enough provided that we can hold.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Investors who invested at $48K are not regretting this market situation as it is temporary dumping and they will see many more such changes as they hold Bitcoin for a long time. But those who were waiting to invest when the prices come down relatively can start investing now because the market has now moved down a lot. But you will find many investors who will still wait for the market to come down further. That is, those investors will want to invest if the price of Bitcoin comes back to $29,000. To those who wait too long, I would like to say that opportunities will not come your way and since your plans are long-term, there is no need to worry so much about investing yourself.
Trading is all about luck, you must be a professional trader to make a profit from trading. The result of trading may be uncertain profit or loss. But if you invest, it is sure that you will get profit in the future.
Trading is a business and how to trade depends on luck. First you said that trading depends a lot on luck and secondly you said that it is difficult to profit from trading unless you are a professional trader. If you say two different things about the same thing in two lines, which one will we consider acceptable? The first statement is very wrong because trading is not dependent on luck at all, if trading was dependent on luck then traders would not have spent so much time to gain adequate understanding of trading or they would not have worked so hard to understand the market or candle. Trading is a difficult thing but those who accept it as difficult and keep trying even after the loss and who keep trying one after another risking money are very successful in trading. Trading is difficult for those who understand about trading, but for those who have no idea about trading, trading means buying a coin by seeing the relative dumping and selling when it increases a little, that is, it is easy for them. When you know enough about trading you will not say that trading depends on luck.Maybe many have sold because of the fall in bitcoin prices, I am still holding the investment and my goal is to hold until the end of 2025. I think the drop in bitcoin price means an opportunity to increase my investment volume. The lower the price of Bitcoin, the more I will invest.
If you have a long-term investment plan and if the price goes up or down, even if you plan to increase your investment, pumping or dumping the price of Bitcoin won't affect you much. Yes it is true that there is ample opportunity to increase one's investment when the value of the coin goes down but not everyone wants to see the value of that particular coin go down gradually after making the investment. It is the year 2024 which means you will hold the investment till 2025 which means one more year. It is certain that the price will change a lot in this one year, but no matter how much pumping or dumping you see in the market, you should not get excited at that time. You must be patient and focus on keeping your investment for a long time. I hope your objective will be successful.
IMO funding your emergency fund should come first. We should only invest once we have saved enough money for emergencies to cover future expenses for at least six months or a year. If you lose your job or the price of bitcoin goes down after you have invested, you won't have anything left with you. However, there might be adjustments to plans along the way. if you see any opportunity that you are certain will give you enough money if you invest in it, then it is worth taking the risk.
There is absolutely nothing wrong with what you say because if someone already has mature enough intentions and planning for long-term investment, of course the funding must also be mature enough. As you said, someone must have an emergency fund which must be prioritized as the main point before funds that will be used in their own investments for the long term. Because it is also very possible for an investor who invests in Bitcoin not to withdraw the funds that have been invested when market conditions become bad or when the price of Bitcoin itself experiences a correction like now.
So I think that's right, because that's what should be provided first before someone immediately takes investment steps with a simple plan, but not with sufficient consideration. I often liken it to a long journey with the preparation of two provisions that must be separated first before they are actually used in different places. So in this case the emergency fund is the main provision and investment funds are the second provision so that an investor can carry out his investment with enough discipline in something.
@teamsherry on his opinion decides to load his emergency funds for a six month space, do you know how much dips, call it a significant entry price that one should have DCA during that time.
One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
I believe money from your cost of living has covered a lot of expenses and for the emergency fund is just there to cover up little more expenses, so why not convenient doing both.
If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
On the other hand, it is also true that if someone is somehow interested in bitcoin savings but if he does not have financial solvency then he will not be able to keep that money in bitcoin after some time. In this case he may fail to accumulate bitcoins despite having his desire.
DCA is a suitable method for storing Bitcoins those who lack of financial ability and for both those who are financially sound. Following this method even a low income person can increase his bitcoin portfolio if he wishes.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
I completely agree with you. Putting $100 into BTC every week for the past 3 years even when the price was high would have made a lot of money. The person would now have around $22,320 worth of BTC from an initial investment of $15,700. This is impressive considering the amount of money they had to spend. It shows that investing for a long time and putting money into BTC regularly is a good idea. Overall this strategy worked well for the person. 
IMO funding your emergency fund should come first. We should only invest once we have saved enough money for emergencies to cover future expenses for at least six months or a year. If you lose your job or the price of bitcoin goes down after you have invested, you won't have anything left with you. However, there might be adjustments to plans along the way. if you see any opportunity that you are certain will give you enough money if you invest in it, then it is worth taking the risk.
There is absolutely nothing wrong with what you say because if someone already has mature enough intentions and planning for long-term investment, of course the funding must also be mature enough. As you said, someone must have an emergency fund which must be prioritized as the main point before funds that will be used in their own investments for the long term. Because it is also very possible for an investor who invests in Bitcoin not to withdraw the funds that have been invested when market conditions become bad or when the price of Bitcoin itself experiences a correction like now.
So I think that's right, because that's what should be provided first before someone immediately takes investment steps with a simple plan, but not with sufficient consideration. I often liken it to a long journey with the preparation of two provisions that must be separated first before they are actually used in different places. So in this case the emergency fund is the main provision and investment funds are the second provision so that an investor can carry out his investment with enough discipline in something.
@teamsherry on his opinion decides to load his emergency funds for a six month space, do you know how much dips, call it a significant entry price that one should have DCA during that time.
One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
I believe money from your cost of living has covered a lot of expenses and for the emergency fund is just there to cover up little more expenses, so why not convenient doing both.
It is good that your bitcoin investment and emergency funds are equal at some point, before you can decide to invest aggressively when you know that there wouldn't be any unforseen scenerio that will play out, that will be able to exhaust all your emergency funds at once, because sometimes, the emergencies might not play out. When investing alway prepare for the worst, so that it wouldn't be a problem when the worst happens.
Emergencies are expenses that you don't plan for, you might lose your job, or like JJG said, the roof of your house might pull off, and these are important things that must be taken care of to avoid it from escalating to more expenses. Also health challenges and sickness can come up anytime. Monthly expenses are those needs that are very important to us and they must be taken care of through our budget. It is good that an investor should be able to balance both his emergency funds and his bitcoin investment portfolio in other to be on the safer side. However, everyone has the choice of amount that can serve as his emergency funds based on his own situation. As a starter, if your emergency funds is not strong to hold the emergencies that arise, you will end up using your bitcoin to take care of your emergencies, because you might be unlucky that your emergency at that time might be way too high for you to overcome. However our emergencies varies from time to time.
IMO funding your emergency fund should come first. We should only invest once we have saved enough money for emergencies to cover future expenses for at least six months or a year. If you lose your job or the price of bitcoin goes down after you have invested, you won't have anything left with you. However, there might be adjustments to plans along the way. if you see any opportunity that you are certain will give you enough money if you invest in it, then it is worth taking the risk.
There is absolutely nothing wrong with what you say because if someone already has mature enough intentions and planning for long-term investment, of course the funding must also be mature enough. As you said, someone must have an emergency fund which must be prioritized as the main point before funds that will be used in their own investments for the long term. Because it is also very possible for an investor who invests in Bitcoin not to withdraw the funds that have been invested when market conditions become bad or when the price of Bitcoin itself experiences a correction like now.
So I think that's right, because that's what should be provided first before someone immediately takes investment steps with a simple plan, but not with sufficient consideration. I often liken it to a long journey with the preparation of two provisions that must be separated first before they are actually used in different places. So in this case the emergency fund is the main provision and investment funds are the second provision so that an investor can carry out his investment with enough discipline in something.
@teamsherry on his opinion decides to load his emergency funds for a six month space, do you know how much dips, call it a significant entry price that one should have DCA during that time.
One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
I believe money from your cost of living has covered a lot of expenses and for the emergency fund is just there to cover up little more expenses, so why not convenient doing both.
So my advice would be same as always advice on this thread, start investing with DCA even if it's a small amount then use a percentage to build up your emergency funds, but let's also consider that this newbie might not know very well how to chuck down his expenses to save more or use other strategies. Let's consider this example, this person earns about 200$ every month and has not built or have any savings prior to him making his decision to invest in bitcoin.
And he choses to allocate up to 25% of this earning into DCA as a start, he could instead divide his allocations Into 10% for DCA and 15% for building up his emergency funds or vice versa.
This way his emergency funds would be ahead of his investment while he finds out how he can fix his overall monthly or weekly expense and allocate more to his DCA or his emergency funds. And when he feels comfortable with how much he has in emergency funds then he could either decide to allocate all 25% to DCA and set hi.self on track or use that 15% for dip buys or any strategy he favours.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
We must understand what we should understand about investment that after all this is an activity that gives us the opportunity of profit and behind it there is also the possibility of risk, therefore we cannot just assume that investment is "the only place to be profitable", so the point is that if for example you have the right understanding along with good planning and risk management then I will be able to confirm that investment is "one of the activities that can give you profit".
IMO funding your emergency fund should come first. We should only invest once we have saved enough money for emergencies to cover future expenses for at least six months or a year. If you lose your job or the price of bitcoin goes down after you have invested, you won't have anything left with you. However, there might be adjustments to plans along the way. if you see any opportunity that you are certain will give you enough money if you invest in it, then it is worth taking the risk.
There is absolutely nothing wrong with what you say because if someone already has mature enough intentions and planning for long-term investment, of course the funding must also be mature enough. As you said, someone must have an emergency fund which must be prioritized as the main point before funds that will be used in their own investments for the long term. Because it is also very possible for an investor who invests in Bitcoin not to withdraw the funds that have been invested when market conditions become bad or when the price of Bitcoin itself experiences a correction like now.
So I think that's right, because that's what should be provided first before someone immediately takes investment steps with a simple plan, but not with sufficient consideration. I often liken it to a long journey with the preparation of two provisions that must be separated first before they are actually used in different places. So in this case the emergency fund is the main provision and investment funds are the second provision so that an investor can carry out his investment with enough discipline in something.
@teamsherry on his opinion decides to load his emergency funds for a six month space, do you know how much dips, call it a significant entry price that one should have DCA during that time.
One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
I believe money from your cost of living has covered a lot of expenses and for the emergency fund is just there to cover up little more expenses, so why not convenient doing both.
If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
How much of emergency funds do you think will be first reached before then planning on beginning one's investment budget. This could be from your own perceptive but I see it as being a waste of time, where as I know how much of Bitcoin I must have loaded in my portfolio.
One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
Actually in times of planning for an emergency funds we may not really no the exact amount of funds that should be on our emergency funds but however as we have different investors that's also how our individual needs could also varies so every investors should have a little knowledge on how the estimated amount of funds that will actually be okay for them in case of any emergency needs will arise, so perhaps if you have only one source of income that generate $100 on a monthly basis you could structure your accumulation pattern in such a way that after investing your budgeted amount on Bitcoin using DCA strategy you could still have other funds that will be there for your daily needs. One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges.
For example since your monthly salary will be $100 you could budget $10 or $20 depending on your financial responsibilities by using it to invest on Bitcoin through DCA strategy, however with this you will realize that the remaining funds will be enough to cover for any emergency needs that could arise and perhaps if there is no serious needs and you realize that after the first month your emergency funds is still intact you can now adjust your accumulation pattern by increasing a bit and however if after that month and you feel that the emergency funds is not enough you could also come back to your normal accumulation pattern, so perhaps this the reason why is very good for an investor to be able to adjust there investment pattern if the need arise.
In this strategy I buy stocks or assets when their prices fall (sink) and then hold the stock for a long period of time in anticipation of a rise in price which helps me to profit safely from the creep market.I do this based on the idea that market fluctuations are temporary, And over time the value of the asset will increase and help to exit the market safely.This approach requires patience and belief in the fundamentals of investing. However, it is imperative for new investors to conduct thorough research and consider the individual circumstances of each investment before implementing this strategy. DCA treading is the better strategy for this' Buy the DIP and Hold '
Have always thought of this idea and why will anyone want to withdraw their money from bitcoin investment cause it sounds strange and at the same time it's likely that the money used for their investment was met for something else, with this kind of strategy and mindset how will the investment stand for long. People usually make this mistake when investing. I believe they see bitcoin investment as gambling where you stake your money and it's either you win or lose cause why will anyone want to invest in bitcoin for short term when they fully know bitcoin investment is for long term.
Many people dive into Bitcoin investment without really grasping how it works. Some end up selling their Bitcoin without holding onto it for long because they lack a proper understanding of Bitcoin investment. These individuals don't often have a plan to hold their Bitcoin for an extended period, thinking it's a quick way to make money.
When you lack understanding about Bitcoin investment, they wouldn't make good plans for their Bitcoin investment. This is why many newbies invest any amount they have with them, even if it's money they might need in the near future they don't always care. They like taking risks, and when they need the money, they go ahead and sell bitcoin and withdraw their money even at a loss when the price is down.
However, those who understand Bitcoin investment are more likely to have emergency savings, ensuring they don't need to sell their Bitcoin investments hastily. Having a good knowledge of Bitcoin helps in making informed decisions and holding onto investments for a longer period without succumbing to the temptation of quick gains or immediate financial needs.
That why DCA strategies is nice help you to buy different quantities of bitcoin mostly with cash you know you can actually leave for a long period of time. Then you don't have to bother thinking of withdrawing investment in an premature state. At that you be able to leave as an long-term investment. Not bad to withdraw some profit in your investment though but know that you are just withdrawing some quantity of it not
@Jayjuangee and everyone which do you prefer should be priority?
1. Building your emergency fund first before investing
2. Start investing immediately and leave emergency fund for later
3. Do both of them simultaneously
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
With that 0.558 BTC, he can make huge profits when the Bitcoin price reaches $70k or even when it reaches $100k at the next ATH. That is a great result for someone already willing to invest in Bitcoin. With the profits he achieved, he was truly able to change his life for the better. With that profit, he could buy the things he wanted.The problem is that only a few can consistently invest a certain amount weekly. Many people give up before they succeed in achieving their plans. They think waiting 3 years is too long and they slowly stop investing.
If he continues his investment, he could have some Bitcoins and the opportunity to make huge profits. He doesn't think what he is doing now can provide an opportunity to change his life for the better. That is a lesson for us to remain consistent in investing in Bitcoin.
That will really depends on people if they could really wait that long but unfortunately majority of newbies now are here for short term since they think its more ideal for them to earn fast compare for waiting on long result which still questionable for them. But if they could just do that and see the past result made thru data of bitcoin price history for sure they can really agree to this statement that they can really earn good by doing this.
Also many people right now are here just because they are hype up that's why we don't see much consistency from those people since mostly they didn't meet their expectation since all they want is fast money thru bitcoin.
If they could just be smart to decide what's good for their bitcoin investment and have long patience also understanding on situations for sure they would have a chance to earn huge profit from this coin.
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No thats still not correct, my post is about potentially changing when a regular DCA buy executes. In DCA you set a buy at certain frequency and timing of your choosing. The timing could be automatic like 3am every Tuesday. Im wondering has anyone done an analysis as to the most advantageous times to set your regular DCA buy. Recently now that ETF's are in play there seems to be pattern emerging that post market close the BTC spot prices seems to be lower than the open. I dont even know why you would liken this to forex trading, has absolutley nothing to do with it. How is setting a time and frequency a deviation from DCA method, it just isn't its acutally the definition of DCA method to set a regular buy amount, time and frequency.Please help me undestand how changing the time of on definitive dca buy is somehow linked to forex trading, I just dont understand.
You could also have a DCA practice in which you buy a certain amount of BTC every time that you receive money into your bank account or cash in your hand (such as 25% automatically goes to BTC buying).... so it could be irregular in terms of the amount that you end up buying because sometimes you might get paid $100 or $25 and other times you might get $2,500...
but the mere fact that you authorize yourself to DCA 25% from any of you incoming cashflow whenever it comes in, that does not mean that you have to make the purchase right away, you could try to time the dip whether that is weekly or monthly or whatever time frame that you set for yourself. If you identified that Tuesdays at 3am were the best time to buy, then you might be onto something.
I do believe that sometimes patterns will emerge, but bitcoin is becoming more and more mature, at least in terms of the arbitragers, so there are likely folks who are identifying those kinds of discrepancies and trying to take advantage of them, which ends up causing the discrepancies to become less great.. even though likely identifying the pattern early gives you the greatest advantage, but it could end up devolving into NOT making much of a difference and not being very good use of your time... but hey, I am not going to completely poo poo the matter, because there can be really good feelings if you have $1k and you are able to to identify a few percentage difference, and then you end up getting an extra $30 of bitcoin for free.
I have told this story several times, but it may well be worth repeating even though it might seem like trading, but I consider it to be a kind of maintenance, since I had already reached my earlier maintenance stage in 2015, and in 2015, when I first started to employ my practice of selling on the way up and buying on the way down, I was using such small amounts of BTC just to practice that sometimes the profits were less than a dollar to sell and then to buy back, but they were still profits and accounted for fees and other expenses, and my friend would laugh and laugh and laugh at me to suggest that I was being so petty.
I responded that I was merely building good habits and putting in place a system, which was the earlier stages of a kind of raking, like I describe here, and it made me feel good to be able to get $0.60 worth of bitcoin for free on my buy backs, and so as the BTC price went up, my authorization of the amount that I was authorized to sell from my stash went up, both in terms of how much BTC I was able to fold into the practice and in terms of the BTC price going up.
So, since the BTC price was around $250 at that time, now the BTC price is more than $25k, so only using the same amounts, the profits would have gone from $0.60 to $60 (100x higher) but also if the amount of the authorization would have increased by several times too.. because when the BTC price was ONLY $250, I was ONLY authorized to use about 1/5 of the total size of my BTC holdings for the rakes that I was making (because that was the ONLY portion in profits), but if the amount of the authorized stash also went up 5x, then the $60 became 5x higher too, so the $0.60 turned into $300 worth of bitcoin for free for similar kinds of BTC price movements...so sometimes the building of good practices can end up adding up to greater amounts at stake, whether we are talking about raking ideas or buying on the dip.. .. and I am not even trying to talk about trading here.. even though it might seem like trades because I was not trying to guess the price, I was just putting systems in place in which I sold BTC in such low quantities with no expectation to buy back, but if the price did drop then I had systems in place to buy back and my amounts and my spreads were quite small in the beginning to test out the raking theory.. or to put the raking theory into practice.. so maybe raking with a buy back option (which I do not consider to be trading. but something that can be exercised after you have already built up your accumulation and perhaps even over accumulated within your definition of such).
Raking method or strategies is actually nice. That would really help in accumulating profit in short period of time with minimize risk compare to that of leverage trading. Yah I don't think I would classify that as trading but in order to exercise raking you need to have accumulate alot of BTC that when you be able to gain profitably well. The profits would varies but when the coin is rising you would also accumulate good profit too. And that would good if you planning to withdraw from your investment you could withdraw the profits you made from the raking theory.
Firstly I appreciate you for noticing this changes that often happen on Tuesdays, but I believe that there is something that triggers this correction and I think that is the market force, note this market force is not steady and its is bound to change from time to time, so setting your DCA because of this continuous event might not be favorable always,
No doubt there are short comers in Bitcoin which are they people that come for fast money and are ready to apply all strategy available to succeed in their plan, but the truth is that hodling remains the best strategy, continuous accumulation of Bitcoin will be favourable to anyone who is ready to continue going slow and steady, withdrawing your Bitcoin can cause you a regret, it happen to me, I withdraw a little of my investment and bitcoin rise to next day I was pained because of the digit that would have added to my holdings, but from that day my mindset has changed and nothing will make me think of that again even if there is profit I won't even touch it.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
The problem with the so-called investors is they want everything instantly, as you said if someone invested $100 per week for straight 3 years then he would be made around 42% profit from his $15,700 but these gen Z investors don't find it very appealing and they look for more fast returns where they end up getting ripped completely.
In reality, 42% is a very decent return with no risks in just three years compared to traditional investments where they could have made hardly 20% in my opinion.
Someone who wants to maximize their profits needs to accumulate a decent chunk of Bitcoin to play around, so once they get into the position they can dump half of their holdings like at the peak of next bull run and wait for the bear kick in, meanwhile they have to keep doing their investment as usual.
If we want 70x times of return from bitcoin from the current price then Bitcoin should have to be priced at $2.8 Mil per coin which is definitely possible but it can take a very long time.
My point is we always compare the 10KBTC for 2 Pizzas and today the worth is 400 mil, but don't expect that much returns when you just start investing on something and if it happens then just be happy to accept it or else just keep the expectations realistic and then you will feel anything above is just a bonus.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
With that 0.558 BTC, he can make huge profits when the Bitcoin price reaches $70k or even when it reaches $100k at the next ATH. That is a great result for someone already willing to invest in Bitcoin. With the profits he achieved, he was truly able to change his life for the better. With that profit, he could buy the things he wanted.The problem is that only a few can consistently invest a certain amount weekly. Many people give up before they succeed in achieving their plans. They think waiting 3 years is too long and they slowly stop investing.
If he continues his investment, he could have some Bitcoins and the opportunity to make huge profits. He doesn't think what he is doing now can provide an opportunity to change his life for the better. That is a lesson for us to remain consistent in investing in Bitcoin.
Personally, I do not like ideas of "going all in" to investments...
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
To me, it sounds like gambling and or trading rather than investing.
Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.
You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.
Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..
The problem with the so-called investors is they want everything instantly, as you said if someone invested $100 per week for straight 3 years then he would be made around 42% profit from his $15,700 but these gen Z investors don't find it very appealing and they look for more fast returns where they end up getting ripped completely.
In reality, 42% is a very decent return with no risks in just three years compared to traditional investments where they could have made hardly 20% in my opinion.
Someone who wants to maximize their profits needs to accumulate a decent chunk of Bitcoin to play around, so once they get into the position they can dump half of their holdings like at the peak of next bull run and wait for the bear kick in, meanwhile they have to keep doing their investment as usual.
This means this is the right time to buy more bitcoins in order to be set for the future, and holding your investment through a lot of ups and downs because the market will surely fluctuate making some investors to panic. The truth bitcoin is just getting started. I feel it is super early as far as adoption continues. I would argue that there are a lot of profit that can be made from bitcoin investment than any other type of investment i know now.
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