Topic: Buy the DIP, and HODL! - page 360. (Read 123534 times)

Yep, an investor must understand how much he is investing and how much return he expects against it. Nowadays a person can certainly change his financial situation in one way or another if he wishes and has interest.

If $10 worth of Bitcoins can be deposited regularly on a weekly basis then it is not impossible to expect good return on investment over a long period of time. In this thread we are advised how we can hold our bitcoins and in what ways we can grow our long term bitcoin portfolio without any problem. Holding Bitcoins is not very difficult for those who are big investors. But there is a lot of discussion and advice given to those who are ordinary investors and how they can become big holders of Bitcoin in the long run by following DCA.

I agree with your ideas to make things easier. If you are good at analyzing and waiting for prices to go down before buying a lot at once that can be a good plan. But if you are not good at analyzing there is another method called Dollar Cost Averaging DCA that can work well. With DCA you invest a set amount of money regularly no matter if the price is high or low.This helps reduce the risk of making bad decisions.
It is also important to think about how much money you have coming in and not put too much of it into Bitcoin. It is a good idea to save a reasonable amount like 30% from your monthly income. This way you can take care of your regular expenses and still have some money left over to invest in Bitcoin.
DCA is a smart way to invest because it helps you avoid making emotional decisions and allows you to steadily build up your investments over time. Your own success with DCA shows that it is a good strategy for long-term investing.

Dollar Cost Averaging Method Bitcoin Investing makes it very easy for newbies to invest in Bitcoin. Rather investing in this method has made Bitcoin investing much easier for all investors. Now one can invest bitcoins from a small amount and gradually increase it according to his earnings. I think most investors now are investing in Bitcoin using the Dollar Cost Averaging method.

But all those who are investing in bitcoins in this way should keep in mind that the amount of money you are investing in bitcoins in this way weekly or monthly to meet your needs so that you don't have to use your invested bitcoins. Investing in DCA method is now very popular among everyone due to the fact that anyone can invest in Bitcoin with their fixed amount of money. The advantage of investing in Bitcoin with the Dollar Cost Averaging method is that your portfolio of invested Bitcoins grows slowly.

Yes $30 is not a small amount to invest in Bitcoin from the beginning but he can increase it gradually by dollar cost averaging method. I think no amount is too small to invest in Bitcoin. If one invests Bitcoin in dollar cost averaging method and prolongs it for 8 to 10 years then he will get good profit at one time. Investing in Dollar Cost Averaging Method If one invests for a short period of time one does not think he will ever get a good profit it requires a long time and a lot of practice and even a mindset of how to do it

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What my post was suggesting/emphasizing was long-term/low-time-preference investing is much better for low capitalized plebs like me than a more active "trading" approach, which opens the pleb to more mistakes, more emotions which also opens him/her to further trading mistakes, and a negative effect on his/her general mental well-being.

For more well-capitalized, sophisticated traders, they could use more approaches to make profit out of the volatility they experience in different markets because they have the liquidity that allows them to use different types of more active trading strategies.

Yes this methods is very effective and it has been proven over time that it is the best approach as many investors has testified about it. But doing it on an hourly basis looks some how as most times the price of Bitcoin are almost in same range for hours. Low funds investors can do it on weekly basis so that they won't be losing much money on trading fees. What matters is that you keep adding to your portfolio.

It's okay if he decides to learn it first before buying Bitcoin because one person's understanding will be different. A person who wants to learn the ropes wants to make sure that what he is about to do is correct to start buying Bitcoin. He can buy now when there is a correction and use DCA to buy Bitcoin regularly.

People give many reasons before they start investing in Bitcoin, one of which is their readiness to buy Bitcoin. And it's normal for someone not to buy Bitcoin immediately because it is new to them.

Choosing to invest in Bitcoin for the long term is a good decision for them. It will give them the opportunity to collect more Bitcoins and be a good way of having investments in Bitcoins. We always recommend that to our friends who haven't started investing in Bitcoin.

If after starting small scale investment an investor feels that he will increase his investment amount regularly then he must keep his investment in any exchange account. An investor will invest regularly and an investor will invest a large sum of money together but there is a significant difference between these two investments. An investor who will invest a large amount of money together will not need much to transfer bitcoins, but an investor who will start investing in a small scale and will continue his investment regularly will definitely need to transfer bitcoins regularly. In the case of regular Bitcoin transfer, it can be seen that due to high transaction fees, he is not able to make regular Bitcoin transactions, as a result of which there is an obstacle in his transaction, so that there is no obstacle in the transaction, consistent investors are advised to use an exchange account. 

Many may say that holding bitcoins in an exchange account is risky, you are not the only user who is holding their investment in an exchange account, there are much bigger investors than you who have left millions of dollars in exchange accounts. Since they took this risk, you must also take risks, and without taking risks, progress in life is not possible.

If an investor invests in DCA (Dollar Cost Averaging) method then investing 30$ is not at all less for him. You may be investing exactly $1K but the investor who invests regularly with 30 dollars but one time investment amount will be much more than your $1K. And if you buy bitcoins with exactly $1K and another investor makes 30$ to invest in DCA method, the investment amount is $1k. When you buy Bitcoin with $10K suppose the price of Bitcoin was $30K but after you invested Bitcoin value decreased by several steps but you will show some money loss from your capital. On the other hand, the person who will make a continuous investment of 30$ will be buying bitcoins at every step of the bitcoin price, so the profit will be more than the loss. That is the benefit of investing in the DCA method.

Having that $40 is better than nothing so if that is the amount which a user can avail then its good since from that he may have chance to use it for DCA or decide just to save it for long term hodl. People just need to know their intention for investing on bitcoin since once they set a good plan for it for sure that everything will smooth on all decisions they made.

LN will be good option so if they want to know more technical things about bitcoin then they could try to use it to test out how all those things works.

Both profit and loss are investments. As we invest with the intention of making a profit, there is a possibility of loss in the investment along with the profit. One of the most effective ways to invest in Bitcoin is to invest in the DCA method to reduce the risk of excess losses. Investing in DCA method is very easy and safe investment method. Investing in DCA method will give the investor an opportunity to invest according to market movements. An investor can invest in DCA method on hourly, daily, weekly or monthly basis. Hourly method means that the investor can invest a certain amount of money every few hours. In this case, if the investor takes the help of the auto investment feature, then he has to keep enough money in his wallet. For example someone is planning to start his investment with 1000 dollars in this case he can take help of auto investment if he wants. With the help of auto investment, the investor can set a certain amount of money on an hourly or daily basis, so that at the end of a certain period, a certain amount of money will be invested in Bitcoin from the spot account of the investor. I think it is a very effective method for investors.

Now suppose an investor invests 5 dollars and after an hour again he invests 5 dollars but there is some difference between investing 5 dollars in two steps. The price of investing in both ways will not be the same. In one case, the investor may invest at a relatively low price and at another stage may invest in bitcoins at a relatively high price. There is a lot less risk when price compromises are made and if this can be done over a long period of time then the potential for profit in this investment is very high. If a person thinks that it is not possible for him to invest 5 dollars per hour then he can invest 5 dollars every day or he can invest 20 to 30 dollars weekly it will make investment much easier for that person and he can continue investing in this way for a long time.

As much as novice investors find investing difficult, I think I have been able to simplify their investment concepts. By following this way it is much easier for everyone to invest and relatively less

Mate, $30 is no small fund when it comes to investing in bitcoin, if you add an extra $70 you could have gotten $100 and used it to invest in bitcoin through the DCA strategy. We have been saying that investing in altcoin coins is too risky because they are only in for your money and the big whales will take liquidity from your fund. But it is good you realized that this thread has been helpful to you and also opened your eyes to see bitcoin as the future. You can start to accumulate your bitcoin through the DCA strategy, believe me, your bitcoin investment will be much better than investing in an altcoin coin.

I agree, anyone who is buying Bitcoin on a small scale should kept their BTC in the exchange itself because withdrawal fees are insane due to market congestion which is an ongoing issue since Nov so obviously the withdrawal fee on most exchanges are around $40 so I wouldn't withdraw unless I have around $500 or let's say once in a couple of months for someone who is been investing using DCA every week.

Withdrawing via LN is an option but definitely I won't recommend it for a beginner because they could mess up with opening LN channel and lose their BTC, so the good choice is keeping funds in exchanges but not for too long as well.

As long as you pick a position size that is reasonable, even if you are ONLY able to buy $10 of bitcoin per week, you can invest and learn as you go, and so the longer that you are buying bitcoin and studying it, the more you will learn along the way.... so having a bit of stake in bitcoin can be helpful to learning, and if you feel that you don't know enough, then just make sure that you keep your investment amount on the lower end until you start to feel more comfortable with it.

Another thing is that people sometimes will get mixed up with exchanges versus holding their own bitcoin, so if you keep your coins on exchanges, there are some risks with that, yet personally, I am o.k. with beginners keeping coins on exchanges until they start to get to higher numbers, such as $500, $1k or even more, and then once you get to those higher amounts, then you should be figuring out ways to move some or all of the BTC that you have on exchanges to private wallets.   In recent times, it can be expensive to move a bunch of small BTC transactions.


People who believe that they are late to bitcoin don't understand bitcoin, and in 4 to 10 years or longer, some of those fence sitters and/or no coiners are going to feel that they have to change their mind and either end up getting into bitcoin or putting off their investment into bitcoin even further, and some of them may well end up dying without any bitcoin, and in the mean time, the folks who have been ongoingly accumulating bitcoin, even the ones just getting into bitcoin now, are going to have very decent chances to be way better off than those folks (including having more options in life). 

So there are likely going to continue to be a lot of folks who fail to get in or delay getting in or deny that bitcoin is still in its early stages, and those people are likely to be the ones who are disadvantaged by their ongoing failure/refusal to either study more into bitcoin and/or to take action, even if they are still studying and trying to figure out what bitcoin is.

It is difficult to to know exactly how early we are, but it does seem that a lot of us are still ahead of institutional and government investors - which is not usually something that we are able to invest into.. because usually normal people are not able to front run institutional and governmental investors... which also seems to be a sign that we are still very early in the BTC adoption process.


With bitcoin it is good to dive in and get the fuck started.

With bitcoin an overwhelming number of people wait too damned long, and they better get started rather than sitting around twiddling their thumbs.

One of the ways to deal with supposed "risks" is with position size and DCA.. and maybe a little bit of front-loading of the investment.

So there is a need to get enough of a stake into bitcoin so that you have enough that you feel comfortable if the price goes shooting up, so you do not run the risk of FOMO.. 

and another issue is to be able to have enough money to invest in case the BTC price goes down or sideways rather than UP, and in that case there is a need to be able to either to establish a DCA plan and/or to buy on dips.

Another issue is figuring out your own finances, but you can learn a lot of that as you go.. so the initial investment should not take a whole hell of a lot of work.. to merely figure out whether you have $10 or $100 or whatever available to get started.. and then figure out the other details as you go, including getting your finances in order (if they are out of order) and creating and maintaining an emergency fund (if you don't already have one).


Exactly.  In bitcoin there are people from all walks of life.  Smart people, dumb people, people who have specific specialty areas and who are smart in those specialty areas, and some know things about bitcoin and some do not.  So knowing specifically about aspects of bitcoin is a learning process, and there may be a lot of areas that you may or may not know or be able to figure out, yet even just learning about your own financial and psychological management attributes can be something that you can improve upon through investing in bitcoin, even though people will have a variety of different levels of knowledge in regards to their own financial and psychological management, even though you can also learn and get better at those matters as you go forward in your investment in bitcoin, too.


I agree with you that an "all in" method is not a good starting method; however, getting started as soon as possible is a good method, and it does not even matter the BTC price, as long as you are invested for the longer term 4-10 years or longer, you can start at any time... and perhaps front load a bit, but just do not go "all in" as that is not a good way to go forward, even though the intuition to lump sum is not a bad one, as long as you are able to supplement with DCA and buying on dips.. and sticking out your investment for 4-10 years or longer.


That does not sound right.  DCA works for everyone, whether plebs or not.

In order to prepare for UP, you have to get a stake in the game, and if you have no stake in the game, then you run the risk of FOMOing when the BTC price is going up.. so sometimes a bit of front-load lump summing can be a good thing, and just planning to buy for the next 4-10 years or longer, and reassess at various points along the way.


I think that it can be and maybe should be both.

Bitcoin is both number go up technology and it also possesses various financial sovereignty attributes that are beneficial to holders and even beneficial to system-wide aspect of the unfairness of the current money system that privileges insiders (and various persons closer to the money).  

By the way, bitcoin also benefits various persons closer to the money in the sense that those who get in first are likely benefitted quite more than those who get in later... even though some of the unfairnesses of the status quo system can still be transferred into bitcoin, since status quo rich persons, institutions and governments will advantage more than status quo poor persons, institutions and governments, yet those of the same class who get in first are likely to benefit more than those who get in later..   Bitcoin does not resolve all unfairness problems in the world, but it does seem to bring a lot of correcting mechanisms into the mix to take out quite a few of the middleman rent seekers who are in the current problematic systems that are in place.


You surely must have started late with your DCA strategy, because if I look at your registration date, if you had been strictly and consistently DCA'ing since March 2017, you should have had an average cost per BTC of right around $8,700.  

What you said is true, there are still part of Bitcoin people don't know, where one stop marks the beginning of others, we never can tell if people get to know about it, this might lead to reluctance by individuals who are ready to invest, in the aspect of bitcoin knowledge before investing in it, the knowledge of Bitcoin is a continuous process, once you have the knowledge of how the system works and the secured wallet to use in storing your Bitcoin at this point, I think that you are good to go, other process of learning follows later once you are fully into the business.

Know doubt every investor wants a profit-oriented business and also want to make money in any investment they are into, but such investor should also know that loss in a business settings is inevitable and there is nothing anyone can do to stop it from happening, that's why it is advisable for one to chose the plan that fits him or her in other to avoid self blame.

This is a good strategy to use to see if you can buy at the low price from the initial price during the week and I haven't thought of this since I started my DCA approach. I am also looking at it from this way that since I am a newbie who has already made up my mind to hodli for a long term and at the same time increase my bitcoin portfolio. Looking for the dip wouldn't be necessary as it might even make you ignore the opportunity to buy at that moment that the funds is available at the available price and when you don't, you might be unlucky that the price will then move above the price that you were suppose to buy. Looking for the dip during the week might not be helpful, buy immediately you have the money since you are on a long term drive, because the price different wouldn't be much. Where this will be very helpful will be for investors that are buying once in a month, they can have the opportunity to take their time to look for the dip price of bitcoin within the month to take advantage of and also have a time limit like you said. Accumulating persistently is what really matters.

On the other hand if an investor wants to take advantage of the dip, then he should always save some unwanted and unexpected funds to buy at dip.

I will also say that it is lack of determination and zeal to get started. Also I think that such people are more of short term mindset.

It like you are a shitcoin investor, this one that you are coming here to hype shitcoin. If it is true, you should better sell those shitcoin of your and invest the money on bitcoin, if not you will regret it. You cannot compare superior to inferior. Like @JJG said if you can't do without shitcoin, let it be below 10% of your investment portfolio. Whatever, you have your own decision to make.

Too much analysis for me he is doing trading not buy bitcoin for investment.

I quite agree with your points: I think it is indeed to be excessive because the goal of investing is even hampered by the analysis that is made but instead it becomes doubt and anxiety in the end to delay the purchase of bitcoin because it is still in doubt and the rest.

1. Just do the analysis, if the price corrects/discounts then buy in a lumpsum way.
2. If you are not good at analysis, just invest with the DCA method you don't need to think about the price up / down on its basis, just keep buying with continuous accumulation.

Do not forget about cash flow adjustments, set aside how many percent for bitcoin does not need to be too large a percentage, enough you take every month from the salary received the rest maybe 70% can be used according to your needs.

DCA is indeed the right way, I have been doing it all the time until now, I don't see the price going up / down and keep buying regardless of anything, see what is shown I previously had an average purchase of $28K because DCA is already profitable of course but I will continue DCA.

I disagree with this statement. We did not invest in bitcoin because it gives us great returns from our investments, we invest in bitcoin because it gives us total control over our money, no third party will decide how and when we will do our transactions in bitcoin, it helps to overcome inflation, and our bitcoin investment is safer because bitcoin is not a pump and dump coin.

In my personal opinion, newbies could buy now - as long as they're entering into a favorable price-point if buying the DIP, OR any price-point if the intend to DCA, THEN learn more deeply about it later.

If a newbie waits to learn more about it first, he/she might end up buying much later because there's simply so much more to learn once you have learned about Bitcoin. Truly learning about it is a long term journey and discovery.


For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.

Before people start investing in Bitcoin, they should learn about it first. They don't need to immediately decide to invest in Bitcoin, especially if they don't know how. Most people rush into investing in Bitcoin, so many of them panic when things don't go according to their wishes.

Although investing in Bitcoin can be used for the short term, many people realize they can make huge profits if they hold for a long time. The profits will be greater than in the short term and they can also use their time to accumulate more Bitcoins.

But whatever time they choose, make sure they study it first so they don't make the wrong move. And only use money they can afford to invest in Bitcoin. Many people use the all-in method, which is not recommended due to a lack of knowledge about investing in Bitcoin.

At a particular time, we all started being a learner and gradually got ourselves developed and equipped about bitcoin knowledge, now the first stage has be achieved and conquered by you, knowing about bitcoin and having the understanding of what differentiates it from altcoins, the moment we know about what we do, they we have victory over it and can't be a victim to any of it's mistakes even when others are falling, that is why information is the key.

Secondly, you don't have to relent, you will always get updated to many informations needed of you to know about bitcoin and how to make a successful investment in them, not that altcoins aren't profitable on some people, but the risk associated to it is more than the benefits it offers to it's investors, but when you're in look on something reliable and trustworthy, you maintain your search within Bitcoin network.

I actually agree with @Popkon6 that Bitcoin is the best asset for investment with the right approach being long term. People start investment through different motivations with the common denominator being to make money at the end. Like you rightly said, the sole reason for investing is to make profits but care must be taken if we must achieve this purpose and also be able to sustain the money.

You said something about knowledge of Bitcoin, I think it is only basic knowledge of Bitcoin you need to start already because complete knowledge of Bitcoin is still something that is unfolding. That is why we have Bitcoin devs, they are constantly improving the Bitcoin network to add better security and ease of use. To buttress this, you can see that the Bitcoin network is yet to overcome the ordinal attack that was launched on it using vulnerability some people noticed. This was not seen years ago and is a result of continuous study of the Bitcoin protocol. So the knowledge aspect is not something that should be the decider for investment even though it is important.