Topic: Buy the DIP, and HODL! - page 355. (Read 137706 times)

The DCA investment method is definitely not a pressure for the investor but the DCA investment method is the easiest and most effective strategy for the investor to increase his investment. In DCA investment strategy an investor can invest 10%, 20% or any amount of his income as he wants. It is entirely up to the investor how much of his salary he invests regularly.  
In this type of investment method the investor usually feels very light on investment and can maintain his investment continuity with great ease. At one time investing was a bit difficult but since investors know about the DCA investment strategy, they now find it much easier to invest. In DCA investment strategy now no one is deprived of investment but those who are interested to invest can invest.  

If an investor wants to invest in the DCA method, an investor can do it weekly and if he wants to do it monthly, and if the investor wants to invest in the DCA method every day, he can invest in the DCA method every day.

Bitcoin is a crypto currency and Bitcoin is a crypto currency. There are many coins in the market but investors always keep Bitcoin in the first list of choice to invest. Bitcoin is the most reliable platform for investment. Investors will always prefer those coins in which the risk is very low as well as those in which a good profit can be expected after long-term investment. The difference between Bitcoin and other coins can be easily found, other coins are directly dependent on the Bitcoin market, that is, all other coins in the market change in proportion to the way in which the Bitcoin market changes.  As much as Bitcoin is discussed in the market, I think all the other coins combined would not equal the discussion.  

There are many of us members who have come to know about Bitcoin before the crypto currency. As long as I have been investing and learning about Bitcoin, I have come to know that Bitcoin is one of the most reliable coins in the market and no other coin compares to long term investment.

All of the discussions in this topic are about holding your own investments for the long term as well as the DCA investment strategy. While there are discussions about investing in Bitcoin and holding it for the long term, the discussions that are made are much more informative and practical. If a person reads these discussions regularly, he will be left with nothing to know about his investments and will easily go a few steps further in holding his investments for a long time. Through the discussions that take place on this topic, each member is able to know and learn from each other directly and indirectly.

You have spoken well and i like what you have said. You may seem new here, but it doesn't mean you have little understanding to investing in bitcoin. The main reason i take time to read through everyone's comment before jumping into replying is that i see each other's contribution valid. I make my own research and compare them before putting them into actions. What we just need sometimes is a little argument and discussion, most times it holds the solution to what we want.

We have been discussing about various of accumulating bitcoin, strategy to use for a long time in this thread but only few persons have bought bitcoin. I won't be surprised that most persons here just say things for saying purpose without actions. They don't have any fraction of bitcoin yest they talk about dca every day. I don't blame them because the knowledge came too easy to them, so they don't value it. There are thousands of people outside these walls wishing they can find somewhere that would give them the information about bitcoin investment.  I was discussing with my friend yesterday and i told him bruhh, this is the best time we can get bitcoin i see it going to 500k in a decade. I dont know why i had so much conviction but thisis reality and it will happen. Think for the unexpected when you are hodl.

The point of this thread is not to analyze the price change of bitcoin, just as @Tmoonz told you. The point of this thread is to buy bitcoin and hold it for the long term using the DCA strategy so that you do not want to time the market before you can start accumulating your bitcoin, which can delay your bitcoin accumulation journey. With the DCA strategy, you can accumulate your bitcoin even when the bitcoin price is increasing or decreasing because you will be buying at regular intervals.

Bitcoin is one of the best investments, if not the best. As a pleb, it is not good to diversify your investment while accumulating bitcoin. There will not be enough funds to use for diversification because you will be keeping money for an emergency fund that you will use to solve any unforeseen financial problems that might come up. But when you have accumulated the amount of bitcoin you want, you can now diversify your investment by investing in different assets, such as properties, and commodities, so that you will have another option of making money to sort your financial problems out while you keep holding your bitcoin for the long term.

 Mate, I totally disagree with you on this, and that really sound mixed up regarding to the concept of this thread, thou am new but have been observant to an extend and am also opened for corrections if am wrong about this,  the topic of discussion is based upon a presumption of various strategies of accumulating Bitcoin for long term holding or investment plan of about 4 to 10 years or even longer which creates a better opportunity of experiencing compounding of your invested value. Purchase can be made through dca (installment buying on intervals) or lump sum(buying at once or in bulk) where the dip should be seen as an advantage of accumulating more Bitcoin in your portfolio. Secondly, talking about when the right time for buying Bitcoin has also been addressed @JJG that the first right time was yesterday and the second right or best time is today and this brings to every Bitcoin antispator that procrastination ever buying Bitcoin or the person asking on the right time to buy that the right time is never tomorrow.

Even if am not that correct in my expression but i don't think what @lalabotax said above is actually the point of this thread. We are not analyzing price change of Bitcoin neither are we talking about when the right time to buy Bitcoin, rather what we are talking is the various strategies of accumulating Bitcoin and hodl for long term purposes.

Per your request (@Pi-network314159) I am positing my response here.


I would expect that if we are investing rather than gambling, then we would be mostly sticking within our disposable income, absent if we have some other assets or reserve funds that we would want to transfer or reallocate into bitcoin.

So yeah if you income dries up or your expenses go higher than your income, then by definition you would have no more disposable income, so you would ONLY be able to continue to invest into BTC if you happen to have some reserve funds.. and not necessarily emergency funds unless you were to know that your loss of income were only very temporary so that you would be able to replace your emergency funds in a relatively prompt timeline.


Of course, the better that anyone is able to manage their finances and to have various sources of funds, then the more options he is going to have, yet there would still be some restrictions that may well fall under basic rules in which the income should be higher than the expenses.. so yeah sometimes there can be temporary circumstances that might call for temporary adjustments, but if a person is sloppy in terms of his finances he might end up devolving into gambling rather than investing and he might still call it investing even though it is gambling... so yeah, how responsible or irresponsible a person is can end up affecting results.. or affecting options that are available.


You are merely referring to a kind of source of income that may or may not be a good idea. It is not obvious that private/self employment is either better than working for someone else or finding ways to increase income by working for someone else.

I am not opposed to the idea, but sometimes there can be some businesses that are capital intensive and others that are labor intensive, and so there might also be a lot of variance based on skill sets that a person has, and so the answers are not obvious, even if the ideas of increasing cashflow or even cutting expenses could be ways to increase disposable income and increasing income might be more practical than cutting expenses, yet even that is not going to be clear just from abstractly thinking about it.. because there is going to be personal variance.


You might not be wrong, but I think that I am using the ideas of whimpy and aggressively a bit differently from you. 

Sure you might have a high paying job that gives you a lot of disposable income or you might have a low paying job that does not give you a lot of disposable income, yet we could compare two kinds of people who might fit in the same level of income and one might choose to allocate a higher percentage of his disposable income to bitcoin and so that would be the aggressive one, and the other may decide to allocate a low level of his income to bitcoin and that guy would be the whimpy one.. at least under my ways of trying to use those terms.


Sure some people are sloppy than others in terms of their organizational skills and their staying within a budget, and so a sloppy person will be less able to afford being aggressive because he does not have his shit together as much as the less sloppy and more organized person.

Some things are more within our control than other things, but we can still try to plan around things that vary every month and things that are consistent and we can sometimes make efforts to increase our income or decrease or expenses.. .. and sometimes the solution might not be clear because we might consider that if we attend a 8 week training course for some job related skill then we might be able to increase our income 10 weeks later.. 


You are not going to get any disagreement with me on those points.


Well some people might have other priorities, so we might label them as being whimpy in regards to bitcoin yet they might be aggressive in some other kind of hobby or investment that they have.  So if we are talking about bitcoin, we might suggest that they get their priorities straight and to prioritize bitcoin more, yet people are going to see their priorities int eh way that they choose and we may or may not be able to change how much emphasis they decide to give to bitcoin versus other competing interests that they might have going on.

Surely bitcoin is not an obvious place to put your time, energies and value, and part of the evidence for that is because an overwhelming majority of the world's population is underinvested (or not invested at all in bitcoin), and it well could be close to 99% of the world who is not invested or underinvested into bitcoin. 

Sure adoption has been increasing, but at the same time, the adoption of bitcoin may be coming more from a smaller number of individuals, institutions and governments who are investing BIG, and the overwhelming rest of the population remains whimpy in their own choices not to invest at all, so even if some of us are whimpy, we are still likely going to be way ahead of the overwhelming majority of folks who are either not invested at all or have even more whimpy levels of investment than us...

so maybe in that sense, whimpiness can be relative in the comparison to others and it can be relative to our own budgets. .and one of the positive aspects of bitcoin seeming to be such a great asymmetric bet to the upside is that even historically whimpy investors into bitcoin have done quite well as long as they errored on the side of buying, not selling and mostly holding, even if they might not have bought a lot.. Of course, if they were whimpy, they could have had been more aggressive in their approach in investing into BTC, but frequently they would not realize that they were too whimpy until much later down the road when bitcoin had ended up doing multitudes, if not magnitudes of price appreciation..


The table can point out one potential path; however, at the same time, the person who might have created a table or a variety of tables, may well need to make adjustments along the way that might involve changes in his investment amounts and/or changes in his expectations regarding BTC's price performance or other parts of the economy or even regarding his own abilities to contribute and at what rate.


Sure people are like that, and sometimes there might be overinvestment that causes those kinds of backing out.. or there can be changes in views about the future of bitcoin.

Sure many of us longer term bitcoiners might already made those mistakes or we might have learned to not do that.  We cannot really convince someone to stick with their plan, and sometimes it might be better to abandon the plan rather than sticking with it.

I find it quite strange for anyone to be considering BTC price movements of less than 5% to be anything meaningful to talk about or even describing them as corrections.

I am not sure what the threshold should be in order to start to proclaim that bitcoin is having any kind of substantial and/or meaningful correction, especially if you consider the BTC price-performance context in which BTC prices have gone up from right around $27k (in mid-October) to $53,015 (just 2.5 days ago).

So maybe if we look at this whole period, we have only 2-3 BTC price corrections that were in the 9% to 12% range, and then we had one correction from $49k to $38.5k that would have been a correction of about 21%.. so maybe in this context we could proclaim that any of the "corrections" since October 2023 until now that were 9% or more were significant corrections.  Other than that, there have not been any corrections that are worthy of talking about or getting worked up about or even referring to them as corrections seem to be out of context, especially if you might want to consider that the BTC price more or less doubled in the last 4 months... and if any thing the BTC price is continuing to push UPpity and it is caught within the upwards portions of the current price range.. even if we might consider a current narrow price range of $50k to $53k, but really, if we consider 9%  or 10% below the current local top of $53k, then maybe we should not be getting excited about any downward movements in which the BTC price stays above $48k-ish.

Now, if there might be concerns about buying extra on the dip, those surely are personal choices, and so some guys are likely just continuing to buy, but they could have some buying on the dip triggering points that do not necessarily require the BTC price to correct 5% to 10% or more.. they might be buying on lower dips, also as either a supplement or a substitute for their weekly DCA amounts.


For some reason the forum software had edited out when I had provided this link:  https://thebitcoinhole.com/hardware-wallets, so I went back to my earlier post and I placed the link in there again.   I don't know what happened.. Maybe something in the forum's algorithm had triggered wrongly in terms of detecting that site and editing it out.. but don't worry, it is a site that is referred to in a lot of places in the forum, and there is even a forum thread about that website.. you can see it here:  https://bitcointalksearch.org/topic/16-bitcoin-software-wallets-compared-feature-by-feature-5465351


Even though technically you are correct that "bitcoin" is a subsection of "crypto," you better not be using that word unless you are clear about what the fuck you are talking about.  

If you mean to talk about bitcoin, then use the term bitcoin, and if you are talking about something other than bitcoin, then say that, but you better not be using the term "crypto" if you are talking about bitcoin, because either you are 1) being vague and ambiguous in regards to what you are talking about, 2) you are trying to sound smart for no good reason, 3) you are (either purposefully or inadvertently) deceiving and misleading people (perhaps even innocent people) in regards to either what is bitcoin or what you are talking about.


That part is true.


Even if that is true, that does not excuse you for using vague, misleading and/or pretentious language.


There are also a lot of shitcoiners who purposefully use vague ass language in order to make it seem that their coin is the same as bitcoin, so if you are talking about bitcoin, it is better that you make it clear rather than making the same mistake that others make..

So the mere fact that other people (even smart people) speak dumbly and use such dumb and misleading language does not mean that you or any of us in this thread (or forum for that matter) should speculate that we should be able to get away with using such... if we are talking about bitcoin, then what is so difficult to use the term in order to clarify what you are talking about?


So what?  

Fuck crypto, shitcoins and the use of such term to speak vaguely, mislead people and/or to come off as pretentious.


If he uses the term crypto we have no clue about what he is talking about, unless he specifically describes what he means, including using the term bitcoin in order to contextualize it.

There are many of us who use the term crypto, but we usually specify what we mean and whether we are talking about bitcoin and various shitcoins or just shitcoins or if we might be referring to something else... so there are reasonable ways to use the term, and using the term to refer to bitcoin is not reasonable for the reasons that I already outlined above..


Who cares what he might think?  Each of us is responsible for our own words, and we also might be responsible to point out to others when they are using  vague, misleading and/or pretentious language, especially if there may well be easy ways to avoid such problems with their language by specifically using the term bitcoin in order to clarify what you mean, and if you are not talking about bitcoin when you use the term "crypto" then that would be helpful to point out, also.


Exactly.


There is probably nothing wrong with using the term "crypto" as long as you are clear about what you are saying, even if we might not agree with you and even if we might not agree whether or not you are on topic.  

I, personally, get aggravated when the term "crypto" or "cryptocurrency" is either used without any context or it is used in such a way that it is either unclear whether bitcoin is included in the description or the term might be being used as a substitute for bitcoin, and if you wanted to say bitcoin, then why not just use the correct term instead of saying "crypto" or "crypto currency," in order that way more people actually know what you are talking about?


DCA (dollar cost averaging) and diversification are different concepts, and DCA is not necessarily used to diversify their investments, even though optionally DCA could be used to diversify investments..

The idea of diversification tends to involve investing in different asset classes, such as these would be different asset classes:  equities, properties, bonds, commodities, and cash or cash equivalents.  Of course, you could diversify within the asset class or you could diversify across asset classes.  Some folks consider bitcoin as it's own asset class, even though there are some ways in which bitcoin might cross over some of the traditional asset classes.


This part of your post makes sense and sounds correct.


The reason to NOT diversify when you don't have very much investment tends to revolve around that it is not necessary.

The reason that people tend to diversify is to take risk out of their holdings, especially if the size of their investment portfolio starts to grow to significant sizes, so if you are just starting out you may well not need to diversify, and also you may not need to diversify beyond cash and bitcoin until after you might build your BTC investment up to a size that you start to feel uncomfortable having too much in bitcoin and/or cash and nothing else... but there are some folks who choose not to diversify beyond bitcoin and cash, and that is not completely wrong, even though it could have some problems by not having a bit more value spread out, especially once your investment portfolio might start to become the size of several years of your income/expenses.

In the bitcoin (and/or crypto) space, the use of the term "diversify" is frequently used to wrongly proclaim that people need to get into shitcoins, and sometimes it is misleading in regards to the concept of diversifying across asset classes rather than within the same asset class, which surely in the "cryptospace" bitcoin is the leading asset so it hardly makes any sense to diversify within the asset class to other assets within the same class, unless you might want to limit such exposure to a small amount .. or maybe if you are just distracted and you don't know what the fuck is bitcoin, then you might conclude that there is some value in buying shitcoins.

Another misleading part of diversification seems to be that some folks want to argue diversification for the mere sake of diversifying, but they have no clue about the reason why they are diversifying, and if they end up doiong that, then likely they are just diluting their investment, and it is worse in the case of people who might not have a lot that they are able to invest... so if those people with small amounts to invest end up diversifying (or overly diversifying) then they are not able to advantage for their knowing a good asset such as bitcoin and they end up not putting enough into bitcoin and putting way too much into crap and they are not starting out with much value in the first place.. whether we are talking about $10 per week or $100 per week or some other relatively small value amount.


It may well become the case that if you spend 4-5 years accumulating bitcoin or otherwise investing responsible, you might not even want to put any of your investment at risk because you come to realize that it takes a long time to build up your investment portfolio, so why screw around with parts of it.. even 10% is going to seem like way too much to put at risk.  

What do you mean by saying 'Bitcoin is crypto'?
Everyone knows that Bitcoin is one of crypto coins. However, if we are talking about crypto, it will be a general matter. We are here talking about a specific thing, it is about Bitcoin. Sure, all altcoins can't be separated from Bitcoin, they are always depending on the trend of Bitcoin. But here, we aren't discussing about the correlation among crypto coins. We are analyzing the price change of Bitcoin, we determine when the right time for buying Bitcoin. I think it is the point of this thread. CMIIW

Not you haven't said anything bad at all. Nobody knows it all and as you rightly said we are all here to learn. I am open to criticism and learn from it. I won't dispute the fact that here has been a great source of learning for me since I came to this forum. From the reactions I have gotten from my post, I have learnt new things too and it has added to my knowledge.

Of course that's true because I have seen many beginners keep coming to this discussion thread which means they have prioritized understanding some ideas in their investment planning. Like most people, of course, I myself am lucky enough to be able to learn a lot from here, moreover, every discussion is very useful for us especially in the process of carrying out the BTC accumulation which we prioritize. There are always suggestions and there are always criticisms and we will take all of this from the positive side for our progress in investing in Bitcoin.
I may not care about quick results or quick profits because previously I had strengthened my mentality to invest in the long term or 10 years. Meanwhile, for those who determine their choice of direction in the near future, of course that is their decision, but I certainly won't do that. Of course some members are our seniors here, but apart from that, even though they are seniors, if the points they say are not constructive, we certainly won't take advice from them. So, for the most part, I think the arguments in this thread are quite useful and it depends on each person how they come to their conclusions.
That's what I like, if they make a mistake and want to correct it in their new investment, of course we will encourage them to continue doing it. Because every regret will be useful for those who want to change their fate so as not to repeat it. I appreciate everything you say in one word, namely that it is quite important to continue to stand up and make changes to achieve success in the future. Yes, everyone certainly has their own ideas about what they explain, but I think their goal is to help beginners find the best practices they can take to create their investment plan.

Yes, it is true that diversification is not done in DCA. While here I did not describe diversify in the sense of a diversify strategy, nor did I mean it. I said to explain the word Diversify. Here, diversify means to modify, which means to modify your investment over a certain time period in a target security on a regular basis like the individual distribution of their total investment, to reduce the price impact.

Not just that, if you look at this thread it is strictly on how one can accumulate bitcoin through DCA, lump sum, and buying at the dip. Which means this thread generalize on investing for the future and sound investment practice. This is why we need to be specific with the word "bitcoin" because it is only bitcoin investment that when you hodli for long it has the potential to generate good profit in the long run, that can turn your life around. Altcoins are not to be kept for long, and it is useless to DCA on altcoins, because you are wasting time and money, that you will regret later, when they end up valueless. Altcoins are not investment, but they are used for gambling because their prices can be manipulated at anytime, and you cannot be your own bank with altcoins because all their wallets are closed source, and the consequences for gambling is great loss, and frustration. Bitcoin is King Daddy.

I've never heard of DCA been used for diversification at any time, everyone who use woud surely enjoy its benefits and that why it's the most recommended for newbies. It's easy to learn and it's not stressful to carry out, since u started using DCA I've learnt how to plan and I've started to build a more long term mindset.

Early investor should be less bothered about losses on their portfolio as our major aim is to accumulate bitcoin, every price drop is to our advantage and with using DCA we can take advantage and buy at those intervals, DCA is newbie friendly and that why we use it very much.

I've taken some time to think of it and i totally agree and stand by what you advised in the past, to me I don't think gambling with even a small percentage of your holdings is a good practice and could even slow me down in my accumulation journey at the end of the day or I end up making no real progress in many years of such practice.

IMO if anyone must succeed especially newbies we must have clear understanding of what we should do in our early stages of accumulation and what not to do, I dont think a newbie should be concerned or engaged in such practices that would limit his accumulation of Bitcoin in any way that he has to limit his allocations to satisfy other needs, and moreover gambling can become a dangerous habit if not controlled and later leading to even us allocating more than planned to gamble more, just imagine a newbie starting with little capital which is already at a disadvantage of size now engaging in gambling he would end up stuck with a very small bitcoin if he doesn't take time.

What I think is newbies in particular should stay clear from gambling practices and if they must it should be after at least 4-5 years of accumulation before they think of such, earlier in this thread when @JayJuanGee explained it to me he was talking about more matured investors should be the once to allocate like 10% of their holdings to such practices not newbies who just want to start investing.

According to @Wind_FURY becoming a pleb literally means an average income earner, in this case trying to diversify one's investment as a pleb should not be recommended. An average income earner has little after much separation of funds for his survival then in what amount can he split up the money to invest. His solid interest should be to maximize his ROI dependetly on one investment that is worth the risk.

As a pleb, it will be much convenient to hold Bitcoin instead of any other substitute due to the motion of continuity and good amount of profit as long we continue to hold.

I disagree with you; the DCA strategy is never used in diversifying investments. The DCA is a strategy that is used to accumulate bitcoin at regular intervals, and it will also help to control the volatility of bitcoin in your bitcoin investment. Also, with the DCA strategy, an investor can use 10% or 20% of his salary, depending on the amount he or she receives weekly or monthly, to consistently accumulate bitcoin.

Absolutely right, man! 
I think the best strategy for accumulating Bitcoin is DCA (Dollar Cost Averaging). Personally, I would love to use the DCA because in fact, this made a lot of profit for me and from all the above it is the simplest strategy beginners can easily understand it. 
 
DCA is a strategy that people use to diversify their investments. I mean in DCS, investors do the same amount of investment targeted place at a daily basis interval in a certain time period regardless of price.
 
DCA's big advantage is that it reduces the impact of the price (volatility).
 
Also reduce the loss ratio; I mean if you lose some, DCA has the potential to make it return to another target. 
 
This is a reason which I personally experience under DCA strategy, and And for the reasons mentioned above, DCA has a prominent place in the eyes of investors, of which I am a witness myself, and in my opinion, investors will also have the position that these advantages are under the point.
 
 
For more inform >>> What is DCA?

Well everybody is here to learn from eachother. All this point given I'm pretty sure that @michellee as already gotten the gist, because you guys are right that crypto is a general term. So mentioning crypto Is you talking about bitcoin and other coin which others as already clarified that this thread is all about holding or bitcoin investment and all that. So next time just try and specify by mentioning bitcoin than using crypto or cryptocurrency so that those that are new in this space would easily get the gist.
I get what you trying to say. But still can't change the fact that bitcoin is not crypto itself, yeah we all know that bitcoin is the mother of all cryptocurrency. And other coins were built around bitcoin and all that, but bitcoin still under the  category of cryptocurrencies, So those people that have always have the thought that bitcoin is crypto itself. Is due to the half-size knowledge they have about and this space. So as have said before we all here to learn from eachother so if have said anything off! Please anyone can do so in correcting me. Because this is the aim of the forum forus to support eachother. Because anytime say something off there would always be users here to put you right on track.

Crypto is a general term and I think we need to understand this, bitcoin has a name and we should try to call it that way, saying crypto can confuse others to think that the rules and conditions that apply to bitcoin apply to other coins, and as we know other coins include shit coin which are mostly worthless and they all depend on bitcoin to have value. Using the word crypto is going off topic in this thread.

In the earlier part of this thread, if I'm not mistaken, I think @JayJuanGee stressed the need to avoid using the word "cryptocurrency" when generalizing Bitcoin and the other coins out there. The reason being that while many funny things have been done leveraging on cryptocurrency, Bitcoin have remained clean since inception and people tend to taint the image of Bitcoin whenever they unleash their clandestine plots. Therefore, such clarifications is important and we must make effort to make people understand that Bitcoin is different from whatever people promote under the guise of cryptocurrency with the intent to steal.

In addition, I don't think there is officially any word like "crypto" rather it was coined as an abbreviation for cryptocurrency. So instead of regarding Bitcoin as crypto, why not we just address it as Bitcoin which is by all standard more popular and acceptable to all!