Topic: Buy the DIP, and HODL! - page 365. (Read 108501 times)

- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments, especially in Bitcoin and the still relatively young cryptocurrency market. At this point, with my confidence firmly established, it's evident that Bitcoin holds the potential for the future. The likelihood of its complete collapse is almost negligible, but that doesn't mean it's entirely risk-free; even depositing money in a bank carries some financial risk.
- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.

Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use.

Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.

There is always an opportunity to invest in Bitcoin. I think bitcoin has attended the alll time high of about $67k and also all time low of about $18k earlier this year and now $34k that is a warning to tell you that it has the potential to attained the previous hight and even more. Bitcoin has been an opportunity for a long time. except for those that don't know it's value, and never give it a trial. Bitcoin in never a regrettable investment.


Bitcoin knows no boundaries wether rich or poor. There is a saying that " don't despise the days of your little beginning" Bitcoin does not know rich or poor I even see it as an opportunity for the poor. Bitcoin accumulation should not be a do or die, but it's a must necessary to aquire. Because it's the future.

Talking about Risk, life itself is a risk and those who chose to take The risk always see light at the end of the tunnel. And take note we are not only investing for 2025 bullrun run according to you, but investing for the future.

For some of you that wants accumulate their bitcoin and also want to make profit in bitcoin investment do you know that this is another opportunity we also have to invest in bitcoin because its like from any time soon bitcoin price will increase since we are approaching a bullrun, some of us realise our mistakes when it's too late, but now the price of bitcoin is still in 34k I think it will increase more than this particular price in future

Accumulating your bitcoin is your plan and your predictions beyond other people predictions in bitcoin investment, and you don't need to be poor or rich before you can invest in bitcoin for long-term, its your zeal and courage will know if you real want to accumulate your bitcoin, because sometimes some of us think that to invest in bitcoin and make a profit its most you most be a rich person,  but some rich men and women will not like to take such risk

Let us remove the mentality that it's only the rich can invest in bitcoin for long time, we  should also try to know that bitcoin investment is something that we strategies and also take a risk in it, knowing that two things are involve for the investment, but now is another opportunity we have to invest more in bitcoins against 2025 bullrun

Well I don't really know your interpretation or definition of being rich or poor, but however I believe the point they are actually trying to make is that know matter how the Bitcoin price may rise the opportunity for the poor or rather less privilege to accumulate Bitcoin will always be there because unlike other stock investment that requires buying or investing on a larger amount of money but Bitcoin does not discriminate in times of amount of money used for the accumulation.

So however it doesn't necessarily mean that the less privilege most accumulate using $5 on a weekly basis perhaps if they cannot afford that amount they could easily re strategize that since they cannot afford $5 on weekly basis they could extend there accumulation to two weeks or three weeks so that it will enable them save enough money before the two weeks will reach.

So whichever way we evaluate it there would always be no discrimination in times Bitcoin accumulation.

Yes, you are correct, the number one part of Bitcoin investment is what we call Bitcoin knowledge. Without knowledge of Bitcoin, one can't understand a dime about Bitcoin, even the smallest odds about Bitcoin investment the person will not understand.
With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.

the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.

This is just like buying a share from a big company, if you are told that you can buy a share from apple company with as low as $10 to $20, it will be easy for the average person to risk such amount because of how popular apple product has gone globally. But if the least amount of share one can buy from a a company like Apple is around $200 solar it will be difficultt for an average person to see any investment opportunity in it. This is the beautiful thing about bitcoin as it allows anyone willing to accumulate it to do so with a little amount of money.

Yes the environment can also affect you inhibit in bitcoin investment, why do I say that, when you hang out a lot with friends automatically you will spend more at least it is not important to do, if you are married it is better to do it with your child's family / wife in order to save then this will be in line with your plan to keep investing in bitcoin without any interference, it will be more support from your wife when she believes you have invested in bitcoin.

Therefore I also reduce excessive lifestyle because there will be no benefits for the future, so now return to the original plan to consistently invest in bitcoin with its focus on this instrument you will be much better than thinking about a lifestyle that is not so important.

The decision must still be taken if you are still in doubt, it will not be in line because it will continue to think about doubts, after all there is nothing wrong with buying at low or high prices if it is for the long term? It is better for accumulation than staying silent just watching price movements.

That's true but however having a basic information is very important because it serves you as a roadmap for the investment you intend to do,  perhaps without information investment on Bitcoin will not be possible because you have know knowledge about what you intend to invest.

So in as much Bitcoin investment is concern every bigginers needs information or knowledge to make a good investment decision on Bitcoin because is from the information he may acquired that would enable him make him have decision and determination to invest on Bitcoin so we shouldn't blame any bigginer if they wish to have information about Bitcoin before they could start because there investment determination come from there.

However Using myself as an instance, I wouldn't have venture into accumulation of Bitcoin if I had not done my research and acquires information from people concerning Bitcoin, however even if I was ask to invest on Bitcoin when I have no knowledge about it I wouldn't have invested because considering the volatility of Bitcoin my emotion and mindset could be affected as such that I could panic and sell off my investment at the long run, but however since I have understand and believe on Bitcoin and the potentials of Bitcoin, I have a determination to always accumulate on a weekly basis.

Yea, but it might be difficult when you don't plan and prepare yourself on how much you should use to DCA regularly that will not affect your income to take care of your responsibilities and emergency funds. This is why proper preparation is needed because it is a long term investment and you need to keep on increasing it regular so that it can grow because it wouldn't be nice for you to remain stagnant with your bitcoin investment.  The more you DCA the better chance that you will have to get rid of the risk and increase you bitcoin with timeline.

This is why you must figure out the right percentage from your income that will be perfect for regular DCA based on how much cash inflow that you do have weekly or monthly. Every investors regular DCA amount differ from each other because figuring out how much you will use for DCA is a personal decision since it is only you that know how much income you do have monthly, what matters is that you should be consistent with it.

This is why 10% is very cool because no matter whatever financial circumstances that come your way you will be able to tackle it and it shouldn't be that you have little cash reserve that will not be enough to take care of the financial circumstances that will make you to go and sell when it is not at your will. If from the look of things 10% is too big, then you can cut it down to 5%, in order to meet up with your long term goal on your bitcoin journey. No amount is too small, just start small is better than nothing. All you nee d to do is to see it that you are saving down from  your income for your future, and then discipline yourself and be patient. Patience is the key to success.

You made some valid points about age, financial management and holding Bitcoin. While, how long we will live is a fixed factor but maintaining a healthy life style does affect our quality of life. Additionally, achieving financial stability is also important to reduce stress and ensuring comfortable existence. Moreover, ensuring the seamless transfer of Bitcoin assets to our children and grand children is also vital, as it can provide them a valuable resource to enhance their quality of life.

Actually let us not misunderstand the use of DCA strategy to fear of missing out from investment strategy because irrespective of how important using DCA is, it doesn't necessarily mean that we should invest 30% percent of our capital but however it is advised to only use the amount of money you know fully well will not affect you if using it for investment.

But however if sometimes in the future based your cash flow you can then decide to adjust your accumulating pattern by increasing the amount of money you normally use in time of accumulating, so as your source of income is increasing that's how you are also adjusting your accumulating amount and if your source of income reduces you also adjust down a bit that would be very suitable for you.

There is no standard for the the percentage of funds to be allocated to the DCA method. I don't know how you arrived at this 30% standard. I guess you need to revisit your source so you clear the air. By design, the DCA method does not fix a constant amount that should be injected into Bitcoin... it simply requires the purchase of Bitcoin in a regular basis with  amount that will not have any major impact on our financial obligations. Even though it seems that the DCA method appears more suiting for low income earners, those with huge funds can still apply the DCA method.

I think the 30% was just used for illustration and was not regarded as the standard for the DCA method. The percentage of funds that should be allocated to Bitcoin depends entirely on the individual.

This is not a good practice as it is not sustainable. You should be able to settle basic things first before starting the DCA method, in this case, you will not be under pressure in any form. If you read up a little, you will see where it was even suggested that after settling your basic needs, you have to also set aside some emergency funds that will cover expenses you did not plan for. This is the way you can apply the DCA method effectively and will not face the temptation or pressure to sell your Bitcoin when you did not plan to do so.

Although the statement I made does not imply that there is no capital. My point was if one cannot meet up to the%30 DCA standard stated by @baby shoes, one can make it a %20 percent. But I realized from different coments of members, that DCA strategy is not a must to accumulate 30% or 20% but one can accumulate as small as $5 to $10 per week. Sometimes. There are times when things are hard, you adjust your DCA strategy. there times when things are also cool, you can increase your DCA. so I'm very much delighted to learn the strategy on how to accumulate. accumulating little by little can boost you up at the end of the year, which can be as a form of salary. I think i am beginning to understand power of holding.

To be sincere, Bitcoin investment has been the only investment so far that allows even the poor or average person to accumulate or invest their money on. compared to other investment like Real estate, precious metals, stock where you need large amount of money or funds to start with, you can start accumulating or investing in Bitcoin using smaller capitals and many investment strategies. not everyone can buy stock or precious metals. for someone earning an average of 100$ a month, if he really wants to invest he probably can start with just 10% and that's about 10$. if he can keep up with this monthly investment of 10 dollars, he probably will be saving a 100$ or more in a period of 10 months. I don't see that as a small start up. in the long run, when he probably gets a raise let say 200$ increasing his monthly investment by another 10%.

Understanding the difference between saving someone from poverty and assisting someone who is financially stable is crucial. Bitcoin offers an opportunity for individuals to invest small amounts, but it doesn't guarantee an escape from poverty without an investment. The returns from Bitcoin depend on the amount invested, influencing the long-term profits. Expecting significant returns without an initial investment isn't realistic. Straining to invest in Bitcoin while your regular income can't cover your basic needs for yourself and your family isn't advisable. However, it's never too late to invest in Bitcoin. it can be done when there's some extra money and a willingness to invest.

Choosing Bitcoin is definitely a good decision for bitcoin investment. But before investing in Bitcoin, an investor should know why they need to invest in Bitcoin. An investor will be inspired to collect bitcoins when he is able to acquire a basic knowledge of bitcoins. We provide long-term advice for investing in bitcoins. There is risk in investing but it is comparatively less risky for those who invest for long term. Moreover, since long-term investments are encouraged in Bitcoin, if an investor can use the DCA strategy regularly, they will certainly be able to build a large portfolio of Bitcoins through long-term holdings.

It is also a good idea if someone uses a large amount to buy for the long term, but by doing DCA, on the one hand, you do not have to spend a large amount of money, on the other hand, you can move forward in the direction of Bitcoin accumulation in the long term. Moreover, by following Bitcoin price volatility, an investor can get the advantages to buy low price.

Its not difficult task depend with your environment and which one your friend list they are push your self more interested with investment or spending much money for lifestyle only. I am introvert person and most my time spending without communicate with many people and take care with my family or communicate with few person only in real life. I don't face difficult thing for accumulating bitcoin because not spent my money for drinking or any activities with many people or community.

Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.

I don't see accumulating bitcoins as a very difficult task. 
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor. 

Another thing you have said is that bitcoin investment is not only for rich people but you are right because anyone can invest there is no discrimination between rich and poor. He will invest as much as he can and he will invest when he has the money to invest. No one will force you to invest or no one will ever stop you from investing. 

Why are we staying away from investing in Bitcoin where it is giving us so much benefit. In the current market situation now we just need to make a proper plan and invest in Bitcoin for long term with some idea about investment and that investment must be held for a long time only then we can get good amount of interest from our investment in future.

Bitcoin is very volatile and whosoever that is accumulating bitcoin doesn't hesitate to do so, and majorly to accumulate its base on your believe and trust about bitcoin and it depends on how many years you want your bitcoin you purchased to stay in duration before you can cash it out, some people accumulate bitcoin  by when it's dip they purchased and hold for more years to come by then the values of bitcoin has changed or clamped from the purchasing value to another values

And sometimes they continued to purchased more and more like two times in a year even though the price of bitcoin going below and they will continue purchasing having in mind that bitcoin will reach to a particular level of price, people who accumulate bitcoin have a target of when the price of bitcoin will reach and they start making profits of so many years investment.

Should forget about how the poor invest in bitcoin and how the rich invest in bitcoin  or accumulate a bitcoin, sometimes investing a bitcoin for long duration maybe as result of your determination and what you want to achieve in bitcoin, both poor and rich knows that bitcoin investment in bitcoin for both short and long-term is a risk, so it's your determination will make you to invest in a bitcoin.

You don't have to force yourself to invest in bitcoin if you don't have the funds. If 30% of your wages is too high to invest in bitcoin, go for 20%, and if it becomes difficult to spare such a proportion from your salary in the long term, you can still cut it to a lower price. When you don’t have a means of even saving again after you’ve done some investment in bitcoin, you can leave it for a while until you’re strong enough and financially buoyant to invest in it again. What is more crucial is that you do not spend money that has already been invested, since this would violate the DCA approach and have an impact on your overall savings over time.


It is important to distinguish between saving the poor from hardship and becoming wealthy through bitcoin. If you approach the situation with the earlier perspective, your assumption may be more realistic if you lower your expectations of what you may expect and remain patient throughout the process. Nothing is guaranteed here, but if you can persevere, you will undoubtedly have a better way of life. And if you come for the latter, it implies you have a gambler's mindset, and a gambler always has big expectations, which is not what is necessary here when ready to invest in bitcoin. You can become wealthy through bitcoin, but having that mindset will not help you in the process of your investment because you’ll have high expectations which will make you unsatisfied if your expectations is not met.