The ideal is always to buy cheap and sell high, buy in the dip, but what do you expect it to go down like before? Without a doubt, the DCA method is the best. Even with the current market, the price of BTC, if I have the opportunity to buy, I would do it. The price doesn't matter to me, what matters is having BTC no matter what, even if I buy a little, If it goes down, the idea is to buy more in the dip. That's the idea. I respect everyone who is looking for or hoping to buy in the dip, but this year is already ending. It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.
Buying cheap is the target of all investors but Waiting for the perfect low price can be a time wasting strategy as prices may rebound before you buy. To avoid missing opportunities, consider adopting a Dollar-Cost Averaging (DCA) strategy. This approach allows you to accumulate assets consistently, regardless of price fluctuations, focusing on long-term investment goals.
A person either goes for DCA or buys in lumps due to not searching for the average price.
Because
he will hold till he still gets out with a good PNL.But from a perspective of the stability of the investment - it's better to apply DCA than to use only the lumps to buy dips.
For each - there is a path to choose on the market
PNL is a trading term rather than an investment way of thinking.
Sure we presume that after 4-10 years or longer that our investment into bitcoin is going to be in profits, yet we are not just playing the profit angle but instead considering that our options will probably be greater 4-10 years or more down the road, and sure many guys should be investing into bitcoin for periods that are quite longer than 10 years, yet if someone has health and/or age concerns, then he might be left with shorter term investment timelines such as 4-10 years rather than more reasonable investment into bitcoin timelines of 10 years or more.
Bitcoin is currently worth $95K, and at this price, buying Bitcoin is an ideal price. Those who research the future potential of Bitcoin know very well how valuable Bitcoin is going to be in the future, and they will not miss this current opportunity in any way. now, every investor should not be too worried about the temporary fluctuations of the market and take advantage of the opportunity. Because they how much more wait fot the dump, they will miss that more opportunities.
Dump is there to buy the dip and move forward.
Bitcoin is there to instill hope into the market
and be the bulwark of crypto.These simple truths come and click to people once they've been for a while on the market and learned much from the space in general.
Downs are temporary, but Bitcoin's bright future is eternal.
Why should we give any shits about crypto in this thread?
Maybe you are distracted that you feel some kind of pressing need to bring up crypto and to suggest that bitcoin is a part of crypto?
It is predicted that by January the price of BTC could rise much more, so is it not cheap to buy now? Maybe, it's a risk that few of us take.
Investing in bitcoin with the idea of what people think or what people predict the price of bitcoin will be in a given period of time is not good, so that if it fails to achieve that predicted price, you will not get angry and be forced to sell your bitcoin at a loss just because it is not what you were told that happened. Bitcoin investment should be done at your own free will and what you believe bitcoin would achieve in the long run so that you will be responsible for your actions in investing in bitcoin, which will guide you to continue holding your bitcoin for a long time even though there is a dip.
The sentiment of the market is traced back to Bitcoin itself - it's not hard to see where the crowd is cheering, in fact.
But the main thing to remember is that everybody is following their own agenda - be it pro or anti-Bitcoin
and crypto figures. So they may say all they want, but you truly need to get yourself the facts and theory that would enable you to operate yourself, just listening to the news that are arising here and there.
What does crypto have to do with this thread? See my above response to betswift.
[edited out]
Stop comparing bitcoin with shitcoins. It's only bitcoin that is worth to invest and hodli for long because it is still growing and will mature to an adult in future. Only bitcoin has the power to multiply your wealth when you invest and grow your bitcoin portfolio with consistency and persistence overtime. Shitcoins are waste of time and resources because they are not promising and can put you to a big loss. This is why I see people investing in them as gamblers and not investors.
However, this is a bitcoin thread and not cryptocurrency because majority of them are scams. Don't mislead the newbies reading this thread and new investors should only invest in bitcoin because it's the only coin with great potential. Forget about shitcoins and focus on building your bitcoin stash for your future gradually with DCA regularly every week or month.
Exactly!!!
Learn bitcoin first, and if you are still interested in shitcoins and gambling, limit such interest to less than 10% the amount of time, energy and value you put into bitcoin, and yeah 10% may well be too much, but some folks cannot resist temptations to gamble, and they also are likely challenged to put limits on their involvement in gambling/trading and shitcoins, but if they can at last attempt to place such limitations without cheating, then they might learn that the various shitcoins and gambling is a waste of time... but yeah so many people have to learn the hard way and are not able to lmit themselves until they spend several years losing... and hopefully not losing everything in the process of such way they choose to learn.
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You can disagree it's your right to agree or disagree with something. My view is that if someone hasn't bought Bitcoin yet then why buying first Bitcoin at ATH. One can wait for price to come down. There is bright chance that if someone buy Bitcoin at 100k then his investment may struck for longer duration. It's rule of market that price always comes down after a massive increase in price. 100k is best value Bitcoin has achieved so far and defiantly it will go down from here. That's why my point of view is that those who are new to Bitcoin must wait for price to come down and there is nothing wrong in waiting for next DIP.
You are wrong MuffinMaster.
Waiting is not an investment strategy because it ONLY prepares for down, and does not prepare for up.
How can you prepare for up if you don't have any coins?
By definition a newbies does not have any coins, so if he is waiting, he is ONLY preparing for down, which may or may not happen. That is not investing. That is gambling.
This is a very straightforward explanation that everyone should understand. Do you want to be FULLY prepared or not? Full preparation is semantically much closer to the term "strategy" than half preparation. I like that.
Maybe someone like MuffinMaster should ask himself whether he would be willing to short BTC at 100k as much as he would be willing to buy. If his conviction is that he would short, then have fun doing it. It is not investing, but if somebody is so convinced that BTC will come down again, then why have the trust in BTC in the first place?
While I can't verify the information, there have been bad stories about people trying to short BTC and I believe there are countless of stories that we will never hear about when someone lost it all. Nobody likes to be a loser, but in this case it was of public interest as he used investor money.
People lose in both directions when they use leverage, and so surely it seems to be quite silly to short bitcoin without having a long position to off-set it, yet there are quite a few people who end up losing money on bitcoin, even when bitcoin is amongst the best (if not the best) investments ever known to man (on a pretty broad scale), so historically, there has been almost no way to go wrong with bitcoin as long as the person had been mostly erroring on the side of buying and accumulating bitcoin and without overdoing it (such as spending beyond his discretionary income or using leverage).
People should at least have a minimum understanding of expected value considerations. If I put in $1,000 and leave it at that, the downside is already known. In a worst case scenario it is $0. Can I handle $0? Yes, ok then why not get into BTC today. This doesn't even consider a DCA strategy. The interesting thing about BTC is that the upside is literally unknown although some guys perhaps have a better understanding of the potential that is still there than others. But those people are unlikely to follow the chart all day long and then derive their decisions from that. They rather see the bigger picture.
Of course, you are describing the nature of an asymmetric bet. So long as we are not leveraging, then the most that we can lose is 100% of what we had invested, and surely the upside is not exactly known, but there are quite a few variations of upside that seem to make the asymmetric bet in bitcoin to be a good one as compared with other places where your same value could be placed.
I doubt that whether a person invests with DCA, Lump sum, and/or buying on dips really changes the asymmetric bet considerations, since truly most people are not really in a position to put all of their staked amount into bitcoin right away and in one setting, so many times even the lump sum betters are going to invest their amount into bitcoin over a period of time rather than all at once, yet each time the investment happens, it would be justifiable to consider the asymmetric bet characteristics of bitcoin and to make sure that they still apply.. which they have been applying for many years and bitcoin's investment thesis seems to be getting stronger rather than weaker, even if the upside percentage might not be as high as it was 10-ish years ago.
Even a low coiner should probably not be waiting, since by definition a low coiner would be someone who has assessed himself to not have enough BTC, so again, if he has assessed himself to not have enough coin, then he is in a similar position as the no coiner in terms of getting additional coins, and should be buying in order to prepare for up rather than waiting for down that might not happen. Of course, a person with coins has more options depending on the number of coins that he has, so a person with more coins may well be in a more logically consistent position to employ some waiting as compared with a person who may have had assessed that his coin stash is way too small, and that person may with an assessment of a way too small coin stash is likely going to be better off to just keep stacking and not paying attention to the BTC price, perhaps for a cycle or two.
Another problem with waiting as an investment strategy is that it puts an investor into a wrong state of mind. In essence, an investor into bitcoin should be buying on a very regular basis, perhaps weekly, so that he is consistently stacking BTC for perhaps a whole cycle or a whole cycle and a half, and then he can reassess at that point, in regards to his 4-10 year or longer investment.
Of course, if an investor is able to front load his investment, then at that point he might supplement his investment by buying on dips.
It can take a long time to build wealth and to give investors more options, so if someone had been investing on a weekly basis for more than 4 years, the earlier purchases are going to be older than the later purchases, so that is another risk of spreading out investments, yet most people do not have lump sum investments available, and the most practical thing tends to be to build a bitcoin investment over time, even if a person is going to front load his investment, he still might take several months, or even a year to establish his stake in a front-loading kind of way.
I am not opposed to the idea of making weekly buys, and trying to time those weekly buys for dips during the week, even though in the end it might not make a really BIG difference, and surely there may well need to be a commitment to buy a certain amount of BTC (spend a certain amount of fiat to buy BTC), even when there can be attempts to buy the dips within the week too.
I still think that lots of no coiners or low coiners are stuck with the idea that it is either about all in or staying away.
Yep.. a lot of normal people think about bitcoin in terms of all or nothing rather than incrementalism, even very smart people.
@MuffinMaster if you were to buy $1,000 worth of BTC for every $5,000 in BTC price loss, do you think you would have made a mistake when it goes down all the way to $50,000 or not? You could do the same for every $5,000 it goes up again and use that as a fixed rule. You can see what the effect is when you look at MicroStrategy. Waiting would have cost them money for several reasons: BTC is fixed in supply, waiting can be costly because you may miss out on price gains and you give others time to pursue their strategy to build whatever amount they are aiming for. MicroStrategy understood that very well and waiting was no an option for them as they have a huge strategy in place.
Now the normal guys can't be compared to a company like MSTR obviously, but MSTR is competing with big companies themselves. I think MSTR considers every price a dip for the time being, if you know what I mean, and they are not done yet.
Yep.. lots of people, institutions and governments will be trying to copy some version of what MSTR is doing, and those people, institutions and governments who employ a waiting rather than acting strategy are likely going to end up in a worse off position as compared with those who had been acting.
