Topic: Buy the DIP, and HODL! - page 369. (Read 108499 times)

  Currently I prefer to keep 50% of the airdrop prize or deliberately swap and deposit it into the wallet, especially bitcoin, although only partially if there are promo promos at certain times, I disburse it for instant dry needs, noodles, fish and side dishes that are sold on e comerce, the difference is not bad.


  Although I still buy with fiat money for basic household needs, and most seller friends now accept bitcoin, cutting small costs that will become big in the long run.
The exchange rate at the stall near the house is quite a difference if with fiat it is easy but the exchange rate is much different if accumulated 30 days every month, even though bitcoin is volatile but it's better in bitcoin because it rarely loses big especially just saving it, because the correction is not too big and more stable.
Both investing, trading and storing bitcoin are certainly looking for more profit value than the capital spent on a trading planing.
  Especially in the surrounding area has begun to understand cryptocurency and infiltrate rural areas even though it is not evenly distributed.
Maybe over time it will be able to P2P with crops with the awareness of both parties and understand the risks face to face.
Indeed in plain sight bitcoin is not a means of payment like fiat but I anticipate like that uktuk backup daily needs.

I have never believed in the idea that a person should have a huge amount of money to start investing. Investing does not require a huge amount of money but requires a proper plan and routine implementation of that plan. We may think that we will save a lot of money at one time after working and then invest bitcoins but if we think like this that we will invest a certain amount of money every month instead of investing a lot of money then it is not bad at all. 

Since we will decide in advance that every month or week to save a certain amount to invest then every month or every week that person should keep investing that fixed amount.  When that new investor invests a certain amount of money every month or every week and continues that investment trend, but at the end of a long period of time, his investment amount will be much higher. We have to be determined with our investment that we invest the amount of money we invest for a long period of time and try to grow our investment. 

As long as we continue to invest consistently for a long period of time, our investment volume will only increase and the longer we can increase our investment volume, the better the market will give us.

You cannot merely toughen your way out of this problem that you seem to have had rightfully identified.

If someone is poor as fuck, then if their investment goes up 2x they may well think it is amazing, and if they are able to hold until a 10x comes they might not be able to resist selling too much too soon. 

The formula to deal with being able to hold is likely going to vary from person to person in terms of their figuring out position size and maybe even buttressing their bitcoin investment with other investments, so it might not be a bad thing to shave off some bitcoin profits at various places in order to NOT have too much value in one place, especially if bitcoin might have ended up being their only investment. or if they just have a limited number of investments, there may be some ways that they have to figure out how to be able to deal with some level of moderation.. which also might include just continuing to hold the BTC but investing smaller amounts or directing new cash that comes in towards other investments or just savings in order to be able to buy more BTC on dips.. and where those thresholds are will not be easy, and I would not even suggest that their solution is toughening up.. because they might actually be in a position in which they need to diversify in some kind of way (which might involve some selling of BTC) in order to NOT be so drawn towards withdrawing (selling) too much too soon.


I cannot disagree with you on this point, and some investors will be lured into thinking that they need to trade - which an overwhelming number of people do not have very good trading skills, and there might even be too much luck involved with trading so that in order to make trading into a skill rather than luck, there has to be quite a bit of planning that goes into the positions that are taken.. .. .. but at the same time, there could be some ways to sell small amounts on the way up to offset inclinations of trading, but another way might be to just shave back on some of the accumulation during high price rises in order to use that money that otherwise had been invested into bitcoin to either buy on dips or to just let it build up in order to not feel so compelled to sell the BTC that is held and might be going up quite a bit in value and even fluctuating a lot in value, but if someone has a decent amount of cash (or other kind of value on the side that is not fluctuating as much as the bitcoin price, there could be some assurance in having that option on the side).

Many people actually face this challenge, but that's why the DCA strategy is available only that most people aren't not patient enough and end up selling at the wrong time. I think before ever involving yourself in Bitcoin investment, the mindset really matters because you have to be principled and strict so that nothing can change your focus when accumulating. Not have huge funds or two to three jobs isn't just the problem because I have seen lots of big time money investor go wreck because if lack of self discipline and principle in planning out their investment.

Even if you are earning less, you can decide to save a portion of what you are earning that won't be off negative effect to you and have a desired goal or target so that you can work with that and be very discipline in your mindset to think you can gather or accumulate more through other means because this is what actually falls most investor, the ability to actually feel they can cheat the system by accumulating through trading. As an investor with little earning the thought of gathering more in a short period shouldn't be your problem as long term investment is the way to go about it because the more you save up and accumulate patiently, the better and safer your investment become.

In my opinion and what I have implemented, of course we can buy Bitcoin every week, even though it is a small amount, but if we do it for a long time it will also look big and of course we can reach 1 Bitcoin someday. Small capital is not a problem because if we buy regularly then we have a big chance of getting bigger profits someday. The important thing is to remain optimistic about the plans you have set in investing in Bitcoin.

Well, for big investors like Saylor, of course they have quite large finances, so maybe we don't need to be as aggressive as them because we only have quite small capital. Sometimes they are don't have the right principles in investing because they think they are slow to enter and also judge that they only have small capital. But that's a big mistake because little by little over time the investment we make will also be large in the amount of Bitcoin we have. So be diligent and diligent in buying every week and it doesn't feel like we can reach 0.1 0.6 and 1 Bitcoin someday.

Technically, you are not wrong about DCA being more practiced by newer investors, yet you still seem to be implying that lump sum is better, and that new investors are stuck with an inferior choice.. which surely is not the case.

If you are someone who has accumulated capital, then surely you have more options regarding how to invest, so you can perform lump sum investing rather than DCA or even some various kinds of strategies that involve lump sum, buy on dip and DCA... but that still does not necessarily make the non-DCA strategies to be better, which partially might depend upon where the BTC price goes during the period following the starting of the investing - which some folks may or may not have better senses of where the BTC price might be going in the short-term, but even their being educated on the topic of following markets does not necessarily mean that they are going to choose the strategy that would have had ended up working better for their own personal circumstances... in other words, both experienced investors and newbies make mistakes, even though surely experience can help a lot of folks to learn not to make the same or similar mistakes, while at the same time, people will frequently admit that they have tendencies to make similar kinds of mistakes,  and sometimes not knowing how to fix their tendencies to make similar kinds of mistakes, or even some times not willing to admit that they might have been better off following a different strategy, something like DCA rather than trying to buy on dips and lump sum buying and causing themselves more mental stress than needed and also sometimes ending up doing the wrong thing because of their own putting too much in at the wrong times.

It seems to me that there is some value in terms of having at least a certain part of your investing approach to be somewhat brainless in the sense that you are investing no matter what, and you are investing a certain portion of your budget that you might adjust periodically, and you are reassessing along the way, not in ways to maximize finding ups in downs in prices but just in terms of maybe trying to eek out a bit of an advantage, without necessarily getting hung upon if you might have been able to buy more BTC if you had waited or kicking yourself for not making a larger lump sum investment when the BTC price subsequently ended up going up faster and further than you thought that it would.. which might well be reflected in BTC's performance in the past month or so but especially within the past week.


You may have addressed this point better than me, adultcrypto - because it is most likely that DCA is better for the newest of the investors, but the newest of investors frequently tend to fail/refuse to follow DCA because either they do not know about it, or they have some kinds of false gambling ideas in their head when it comes to investing they think that they have to invest in bulk and then see profits after a short period of time in order to perceive that their choice to invest was successful, which those kinds of ideas (and then putting it into the practice of over-investing from the start) are generally going to contribute towards the newbie to become more emotional about their investment than they should be.


Personally, I would not consider DCA as a back up plan, except for those who have either already reached their accumulation target or feel that they are already over invested into BTC.

For the newbie DCA should probably be the first plan, no matter what is the price, because both we are not going to know where the price is going, even if it is seeming a bit top heavy and inclining downwardly, and also we are likely only going to see that another strategy might have worked better after the fact, but then if we do not DCA into bitcoin, then we may well end up losing a lot of our opportunities to buy BTC because we are too busy trying figure out dips rather than acting (in the realm of ongoing buying).  There seem to be both financial and psychological advantages to getting a stake in BTC early and even continuing to buy BTC on the regular, even if the value of your actual BTC holdings might be in the red for several year before it starts to get into profits, and there are no guarantees that it will actually go into profits, but at the same time, if you study bitcoin, you should recognize and appreciate bitcoin as an ongoingly great asymmetric that has a lot of strong foundational properties, even though it is not guaranteed to succeed or to have some kind of a potential negative issue that is currently not very well known..

DCA likely ONLY becomes a back up strategy after you have already reached or exceed your targeted amounts, and likely those targeted amounts are likely going to be different for everyone, while at the same time, any of us who are accumulating BTC might need to be somewhat flexible in what we consider to be our targeted accumulation amount. and maybe as we continue to accumulate we revise our target and/or account for some factors that we might not have considered to be relevant when we started in our BTC accumulation journey.

Even if someone is a beginner BTC investor, my thoughts are to attempt to prepare for either BTC price direction, so even if DCA may well end up being the primary approach, there could be some lump sum buying and buying on dips included within the strategy, and surely frequently it is not easy for the beginner investor to be having funds held aside for these kinds of various contingencies, because it can sometimes take quite a few resources to engage in those kinds of preparations, which is another reason not to be fucking around with various shitcoins and diluting the amount of money that you have available to invest into the king of assets - especially when it comes to "digital monies"  or the various kinds of non-bitcoin products that are trying to get you to divert some of your value into their largely nonsense.


You might not need to be wealthy to use lump sum, but you are correct that it can be difficult for some folks who are ONLY able to put away small amounts of value to also be able to lump sum. or even to put away some extra value to be able to have available for buying BTC on dips, if such dips were to come.

I suspect that the longer that any of us are in bitcoin, maybe even if we start out with ONLY being able to perform DCA, then maybe after 3-6 years, we might start to feel that we are able to buttress various other aspects of our BTC buying in order to have funds in reserves that are building up in order that we are able to either supplement our DCA with buying on dips (and lump sums in that context) or maybe even just focusing more on buying on dips and lump summing rather than DCAing...  Many of us should be able to put ourselves into a better position (and with more flexibility) after 3-6 years buying bitcoin than we might have had been in the beginning of our BTC accumulation journey.. but surely some folk might take longer than 6 years and might even take 10-12 years or more before they start to feel that their finances are in such a place in which they are feeling that they are able to move away from DCA and to either supplement with buying on dips/lump summing or to completely stop with DCA and to mostly buy on dips and lump sum.. and then maybe even then when any of start to get out of such a Big ongoing focus on our BTC accumulation, then we start to see that we might be transitioning into more of a kind of BTC maintenance rather than being so focused on accumulating more BTC.


I don't tend to like those kinds of "buying it all at once" strategies, but surely there are people who believe in those kinds of strategies, and so even pushing those kinds of strategies as being preferable to DCA is not really contrary to the topic of this thread.

You are right mate, but if you look at it from this angle, I believe that those whales that you mentioned that lump sum, don't actually lump sum, if they buy once in a while and buy again. What I mean is that a whale can buy lump sum this year and also buy another lump sum next year. I see this as an upfront DCA strategy because from what I understand is that lump sum is when you buy and don't buy again till a very long period of time.

What I am trying to say is that there are different ways to DCA either once in a while or frequently. I believe that any investor either individual or whale that knows the benefit of investing in bitcoin will continue to buy either regularly or once a while to keep his bitcoin portfolio to a certain level. This means that even the rich DCA too and not only low income earners. DCA is open to all but lump sum is only for the reach that don't care about monitoring his bitcoin investment but just to invest so that he can throw a chunk of funds into bitcoin investment. The advantage of regular DCA weekly or monthly is the steady fluctuations in bitcoin price because at every week or month the price might differ from themselves.

Depend on decision and investment target in the future, there are not matter if you have small fund for bitcoin investment or not depend you have another job and make bitcoin as long term investment. I doubt with some investor have not dependent with their financial too expected with their dreaming small fund earn much profit in short term, its difficult happening actually with some investor mindset as soon possible how to earn much profit but they only small capital for investing in bitcoin.

I think as small fund in bitcoin investment better with long term target and keep accumulate how possibility such as weekly or monthly but never try to sell as soon possible.

People who are still tempted by small profits after seeing an increase are people who will always find it difficult to get bigger profits because people like that still have to train their own patience more by no longer being tempted by small profits in order to get bigger ones after be patient. And some people who still really care about building their own portfolio will always see that opportunity as a very profitable time for them without really caring about people who sell when they see small profits.

People who still like day trading are part-time traders who are not worthy of being called investors. Because they don't invest their money in Bitcoin for a long period and they also don't spend more time investing except just to visit the market and sell assets that are starting to become profitable for themselves. So we also have to be able to separate them from real investors because Bitcoin investors who like to invest in the long term will never be tempted by small profits in the short term.

Yeah actually @Jay tried to emphasize a bit on that scenario, so however as an investor that has a lot of funds or other physical investment that's generating you income on a consistent basis, it doesn't necessarily mean that you most use DCA strategy all the time but instead it could only serve you as a back up plan of accumulating strategy.

So if you are financially stable you could actually utilize the advantage if the Bitcoin price is dip by accumulating using the Lump sum strategy that enable you to take advantage and accumulating a huge amount of Bitcoin at a time.

So in this case you don't have to rely on DCA strategy because you can buy everything at once then if maybe later on the Bitcoin increases perhaps you can then  come back to the normal DCA strategy.

There are market seasons whereby you will discover that using DCA may not be the best decision to make, this often happens when we are having a bear market and bitcoin has gone dip that it's only better to accumulate as many as possible, a good example was when the market falls down to about $15,000 earlier this year, some took advantage in making an investment without having to use DCA here when they already know it's an accumulation time.

There's more to do on our own personal interest to see that we understand what exactly is expected of us to do at a particular time, bitcoin has already make a provision in making all we need available for our own benefits only when we know how to engage them.

Also there are people who start selling whenever they see small profit and this way they miss bigger piece of the cake. It must be our first and foremost duty as a bitcoiner to learn ways about how to build our portfolio.
There is no small duration investment that can make you rich in small duration. One has to invest his time and effort along with money to earn profit. In case of Bitcoin the profit is guaranteed if you invest for long term. There are people who do day trading and earn profit occasionally but in the long term they are deemed to lose money. 

If we want to look from the angle of the title of this thread, buying the DIP and HODL have not really explained in detail how to go about it. For a layman, the first assumption that comes to mind is to go and buy bitcoin and HODL until they’ve earned a significant profit from it. But the process of accumulating this bitcoin has to come in two ways, either buying at once or buying gradually until the target is met.

This is where the DCA strategy comes in, for those that can’t buy the DIP at once, they shouldn’t feel left out but rather take advantage of accumulating gradually using DCA strategy until the target is met. When the discussion goes into the DCA strategy, it is just another way of coming to explain in detail about how to buy the DIP and HODL.

I don't know how you come by this conclusion but I think the opposite is the case; new investors rarely know anything about tge DCA method except maybe those who have the opportunity to know this forum. When you talk about FOMO that the DCA method addresses, it is common with new investors. They just want to buy as soon as they can as as much as they want. It is after a while of being into Bitcoin that they get to know certain approaches and models they would have applied that would have stood as better alternatives. On the other hand, those who have been in the business of buying Bitcoin for long already know the importance of buying Bitcoin using the DCA method  so they apply it dutifully irrwspective of the price and are never in a hurry to sell.

What I feel you were trying to say is that the DCA method is more suitable for those with lower income as those who have large funds would prefer buying large quantities at their preferred price points. This is true to a large extent and seems to agree with recent purchases of popular whales.

For those who are not financially rich or who do not have enough money to invest, it is very difficult to invest and keep that investment for a long time. People who usually struggle to manage their family should stay away from investing in early stages. Maybe he arranged some money and invested it or he borrowed some money and invested it but that investment did not bring any benefit to him. If he invests with a loan or invests with the savings he has made for the future, it will be seen that the days after the investment will be very difficult for him and he will not be able to keep his investment for a long time even if he wants to. For those who have sufficient financial support and who feel that the amount they invest will not adversely affect their life in the future, it is okay to invest and hold that investment for long term.

I'm not saying that investing requires a lot of money, I'm just saying that after investing, the economic situation should not be so bad that you have to sell the investment in the future. 

Some people think of investing by borrowing money, I want to tell them that if you need to invest after some time, then try to make that investment with your own money because if you take a loan and invest, you will never be able to keep that investment.

In my opinion, the main reason why people deliberate more on the DCA discussion is because it is mostly practiced by new investors. Many old investors opt for lump sums. A lot of people cannot buy BTC and hold without accumulating some portion of it if the price dips because they feel unsatisfied with the amount of their holdings, or they are entirely into buying Bitcoin. You can call it an obsession or aggressive buying. Now, the safest method they feel for gradually accumulating these small portions of BTC is through DCA. So, I understand when people talk a lot about DCA because they have their way of applying it so that they can purchase BTC. Many individuals engaging in this thread's conversation are here for learning and seeking opinions that will help them manage their Bitcoin, as well as to see what others are doing to compare with their methods and determine what works best for them.

Yes, this thread is probably dominated by those who apply DCA in their strategy, so when they give advice they always mention DCA because they apply DCA in bitcoin investment. It depends on what is best for the investment planning that you will implement. But as we have tried, of course the DCA strategy is the best because it doesn't become a burden on our minds when investing in bitcoin because we can make purchases in stages even though the nominal amount is smaller. But it all depends on each person's financial aspect because if their income is greater, they can certainly buy with a larger nominal amount at each stage.

DCA is to be carried out regularly and we also prepare reserve funds to be able to accumulate Bitcoin when prices are cheap so DCA is not one of the strategies that we have but we also make purchases when cheap price. As we know here we have the same purpose, namely buying on the dip and holding it for the long term. And I think when this thread reaches thousands of pages of course there will be lots of happy memories for us to read back to when we have achieved great success in investing in Bitcoin in the long term.

I am not surprise to hear that other also find it useful and appreciate your advise/opinion because, i myself is a beneficiary of your posts, I tend to derive important advises from your post, especially the ones in this topic. I must confesx s I see you as a model and I'm pretty sure other sees you the same way, with my little say here in this forum I have come across some of your post which unintentionally give me idea in regards to my problems at that time of encounter.


I have also observed the way member comment on this thread talking more about DCA, a newbie without enough knowledge about accumulating of bitcoin might think it's the only strategy used, I'm not against DCA but, even if it is the most practiced strategy that does not mean the rest aren't favourable. I prefer adding both DCA and buying the dip, since you introduced that strategy on one of your post I fell in love with that strategy. It might seem time consuming and it involves frequent price monitoring but it seem the best strategy I have practiced since I started holding.

That's a very good advice @Jay because irrespective of how fast or important we are trying to accumulate Bitcoin but however sticking to a particular amounts we could afford on weekly basis is very important.

So like said if perhaps using $100 on weekly basis to accumulate Bitcoin could affect us we could use $10 instead on weekly basis and if perhaps along the line we have other means of earning from our working place or other means perhaps we could then increase our weekly accumulation and before we no our Bitcoin portfolio has gone far.

There is nothing wrong with attempting to educate folks regarding the better kinds of ways to look at bitcoin, in terms of bitcoin being better as a long term investment, but surely people are going to do what they want and even likely call you a dummy for trying to tell them what to do and/or how to think about bitcoin related matters. 

Some people likely learn more quickly than others, but many times they have to figure out several of these balances for themselves, including the seeming short-sightedness in terms of fucking around with an asset class, like bitcoin that already has such a great asymmetric bet component, so why are they going to be choosing to trade and/or play around with such an asset.. probably because they think they know better or because they do not really understand very well what bitcoin is (or they don't believe what they had heard about bitcoin), and in either way, some people might learn quickly.. like within a few months or less than half a year, and other people might take several years to learn, and surely there are also going to be some who never learn, and it does not even mean that we are going to be able to convince them otherwise, and so in that regard, some of their learning may well have to come from within them and through their experiences rather than hearing it from someone else about whom they might have their own skepticism regarding either the level of knowledge that some of us might have or that they might also consider that several of us are overly biased and we are talking our book. 

I know quite a few people in the real world who seem to respect my opinion and frequently want to talk to me about bitcoin and various other financial matters to get my opinion, so it seems that they respect my opinion and my judgement in a variety of financial, economic assessment matters, but they still fail/refuse to take any stake in bitcoin... seems ridiculous to me that I continue to talk to these people and they see bitcoin eating the lunch of various traditional investment strategies, but they still fail/refuse to even take a somewhat small position of something like 1% of their already existing investment portfolio. 

I even know someone who somewhat followed my suggestion to buy bitcoin regularly, and even though i suggested $100 per week, this person invested $50 per week for a bit more than 2 years (since about the middle of 2021), and so recently, the person cashed out a bunch of it because it was 5% or 10% in profits.. just so ridiculous. when I had made it abundantly clear that the person should be thinking 4-10 years or more... and they clearly could have afforded $100 per week, but they chose $50 per week, which should have made it even easier to ignore their investment into bitcoin for 4-10 years, but instead this person had to go and fuck everything up... and this person says that s/he is continuing to invest in bitcoin and will do better this time and is  just kind of "building back" which also hardly makes any sense to me... even though it is better to be starting now rather than not starting at all, but it would have even have had been better to have had been starting out at $100 per week in mid 2021.. as I had suggested and just stuck with it.. right now where would we be with that? 

It looks like $100 per week from June 1, 2021, would have resulted in $12,600 invested and about 0.4658 BTC at this point.  Surely not a bad place to be, even if the profits are not stupendous, it still seems to be a very solid foundation for the amount invested to date, and maybe after another 5 years or so, the holdings might even have gotten above 1 BTC, even with $100 per week as an investment amount.

Sure I know some members are not able to go as high as $100 per week, and if the best you can do is $10 per week, then $10 per week is better than nothing and it could be possible that you might be able to work your way up to $100 per week or even to be able to do something in between, while at the same time, it is important NOT to do more than you are able to do merely based on what someone else is doing.  Part of the reason I had suggested my friend to be able to fairly easily do $100 per week is because s/he has plenty of resources, a house, and a good job in the west and goes on several vacations trips every year..even cutting out one of the trips would likely get close to funding the whole bitcoin investment for the year (which would be $5,200 for a year).