Topic: Buy the DIP, and HODL! - page 372. (Read 123482 times)

I have already posted about this before, but it's also very important for those people who are still single, with no/minimal responsibilities in life, to be reminded NOT to take their youth and being single for granted. Take it as an opporutnity to save portions of their salary and make a high-conviction investment/HODL in Bitcoin. They will definitely have higher probability for success because they could continue to HODL through the bear cycles without worrying much about their finances.

I had felt how difficult it is to find big Dips when I was still learning to trade (I am still learning now). I made many mistakes in buying large Dips and it was tiring because I had to monitor its movements every day and hour as if what I bought was not enough.

I often encounter prices that I thought were big Dips, which were really big Dips, but it turns out they weren't big Dips, and there were still big Dips next, which turned out to be the lowest price.

However, knowing about DCA made me feel comfortable and not too fixated on price movements. I just need to pay attention to when it's time for me to buy bitcoin. That's why I also suggest the DCA method to my offline friends who want to invest in bitcoin.

JJG teaches many people and explains it well. Yes, we are learning much from him and I thank him because of his explanation.

Yes you are right this is really difficult to understand that this is the dip or the start of dip but if we are using DCA method so you will not think about it this is the dip or the top. Just buy and hold.

Exactly 💯 💯...I have a great conversation with him. And I saw that he explain every Singal point briefly and also correct everyone where he saw that he/s is wrong. I learned much from him and will learn more in future. I really thank him. Keep it up sir.

I am not sure if we can make that general of a statement regarding what a guy should do once he starts to feel that he no longer needs to DCA.. because there can be quite a bit of variance in regards to how much a guy might be cutting out DCA or ONLY doing DCA during certain kinds of BTC price conditions.

Maybe it would be helpful to give a couple of examples?

Hypo 1 (10-year BTC investor who came into bitcoin already with a decently large investment portfolio)
This person might have invested into bitcoin for 1-2 years using DCA method, and maybe even lump sum investing, so maybe has a $750 average cost per BTC, and maybe built up 300 BTC, and so maybe he just plays the waves and feels like he has enough BTC, and accomplished most of his DCA in the first couple years of investing, and maybe will still buy some more BTC from time to time when he perceives the BTC price to be low.. such as near or below the 200-week moving average, other than that he might just be either maintaining his stash and/or cashing out some from time to time.

Hypo 2.  (10-year BTC investor who came into bitcoin already with a medium-sized portfolio)
 Maybe this person was investing $250 per week into bitcoin, and invested around 130k into bitcoin and accumulated near 115 BTC, and maybe in recent times (since around late 2020 and early 2021), this person has been starting to feel like he has enough BTC and that he can perhaps start to cut back on his DCA buying of BTC

Hypo 3 (10-year BTC investor who came into bitcoin without any kind of BTC portfolio), and has been investing $20 to $100 per week into bitcoin, and maybe averaged around $60 per week of BTC, invested nearly $32k into BTC and accumulated nearly 28 BTC.  This person still is not quite sure if he has enough BTC, even though he has been consistently investing into bitcoin for the past 10 years. 

And yeah, maybe we can imagine similar kinds of hypothetical folks with ONLY 5 years of investing into BTC.

Hypo 4 (5-year BTC investor who came into bitcoin already with a decently large investment portfolio)
This person might have invested into bitcoin for 1-2 years using DCA method, and maybe even lump sum investing, so maybe has a $7,000 average cost per BTC, and maybe built up 150 BTC, and so maybe he just plays the waves and feels like he is getting close to having enough BTC, and accomplished most of his DCA in the first couple years of investing, and maybe will still buy some more BTC from time to time when he perceives the BTC price to be low.. such as near or below the 200-week moving average, other than that he might just be either maintaining his stash and/or cashing out some from time to time.

Hypo 5.  (5-year BTC investor who came into bitcoin already with a medium-sized portfolio)
 Maybe this person was investing $1,000 per week into bitcoin, and invested around 260k into bitcoin and accumulated near 20 BTC, and maybe this person is not quite feeling as if he has enough BTC.... but is thinking that he might be getting close to feeling that way in the next year or so.

Hypo 6 (5-year BTC investor who came into bitcoin without any kind of BTC portfolio), and has been investing $100 per week into bitcoin, and maybe invested around $26k into BTC and accumulated nearly 2 BTC.  This person still is considering that he is quite far from having enough BTC, even though he feels pretty comfortable about his investment to date, but he is thinking that he might need to DCA into bitcoin for another 5-10 more years before he starts to feel comfortable, and maybe he is going to need to increase the quantity of his weekly DCA by either increasing income and/or cutting expenses... and he is thinking that he might be able to bring his DCA amount up to $200 or $400 per week and maybe get another 2 or 3 BTC in the next 10 to 15 years or so.

And, part of my point is that the time in which each of these person is going to feel that he has enough BTC is going to differ, and surely there are advantages in regards to having had started accumulated BTC earlier, and it may well be difficult for later comers to catch up.. and even the person with the worst situation (hypo 6) has a pretty decent advantage over a person who is brand new to bitcoin, unless the person comes in and is already able front load the investment and being able to buy a couple of BTC to get caught up to hypo 6.


These are good points.


I surely have my limits.


I might need to start writing shorter responses, since I am probably repeating myself, anyhow.


I am thinking that part of the solution for the smaller investor would be to leave their BTC on an exchange and with a third party until it reaches a significant enough size, whether that is $200 to $1k would be a discretionary matter, and if he has a lot of UTXOs with small amounts that are $20 to $200, then some of those transactions might be a bit expensive to spend from, in terms of percentages, especially the lower level ones.  It is difficult to give any exact and/or specific answer regarding how small of a UTXO would be acceptable, and if it is at all possible it is probably try to let the smallest of them be in the $500 to $1k arena.. which is currently in the 0.012 to 0.024 (which is 1.2 million to 2.4 million satoshis) arena.


There is also lightning network, and I believe in trying to use somewhat self-custody wallets, such as phoenix, but phoenix has a charge to start a channel that has been between 30k satoshis to 60k satoshis in the last few weeks which is around $13 to $26, and there have been some periods recently in which it was 15k to 25 k to start a channel, which is still $6 to $11... so it would be nice to get back down to those lower costs to start a channel.. even below $5 would be good.. but once the channel is open, then it could be a good place for conducting a lot of transactions for less costs, even though it might be better to charge it up with 1 or 5 million satoshis which is currently $400 to $2k.


Yep. It almost is starting to seem like an attack on bitcoin (or an attack on poor and/or regular people to be able to use the bitcoin blockchain for regular transactions), but it is not very easy to figure out who is buying so many dickbutts or whatever it is that the current transactors (fee bidder-uppers) are supposedly so excited about and buying and transacting with the various JPEGS on the bitcoin blockchain.


I understand that it is easy to get mixed up with the idea of buying on the dip, so then some folks such as you might get caught up on the idea of trading and/or short term periods of getting in and out of bitcoin; however, in this thread, we are not referring to short time periods of trading or getting in and out, but instead ways of accumulating bitcoin, which really it does seem problematic for folks to get caught up on ideas of buying the dip if they may well not really have enough BTC in order to cause that kind of an approach to BTC accumulation to really matter very much -except yeah, the trader thinks about buying on the dip in order to potentially be able to get out, but if you think about your BTC investment in terms of 4-10 years or longer, then you are not necessarily considering trading within the current cycle but holding through more than one cycle.. which likely is going to put you in a better place than any of those folks who are getting in and out of their bitcoin position.. and then run the risk of not accumulating as much bitcoin as you might have been able to and also potentially missing out on the various potential compounding effects of bitcoin investing that more likely come over more than one cycle rather than merely within a possible pump of one cycle.

Their is something I understand for bitcoin purchasing and also bitcoin holding, the most thing  that is very important with bitcoin investment is that it depends on when you will release your bitcoin, but one of the parameters that can lead the buyer or the investors to the profiting aspect of it is through timing before you buy, I have heard many conversations that relates the appropriate time someone should purchase a bitcoin but from my observation I don't think investing in bitcoin have actually period you can invest.

What is most important for bitcoin investment is that Bitcoin investment have to do with research and timing before buying so that you will not experienced any loss, so in actual sense it's cogent to purchase when bitcoin is dip so whenever the market is of positive they will be a profit and something of that kind should happen when you have in mind for one year duration or six months duration of investment

Mostly what keep investors behind of not making profits is that they don't calculate a time and for you to buy at dip that means you have scrutinised the market, and it's a priority of buyer to investigate and examine before buying bitcoin.

Yes, currently Bitcoin transaction fees are still quite expensive. I just checked on Mempool,the lowest fee right now is around $4.52. For investors who like to do DCA with bitcoin with fairly large assets, there will definitely be no problem with these fees. However, for bitcoin investors who have limited capital, the impact will definitely be felt.

Apart from that, I also have an assumption, if bitcoin transaction costs continue to skyrocket and do not decrease in the next few months, perhaps the image of bitcoin will change slightly among small investors. Because for them (small investors), if for example they paid a transaction fee of $5, maybe they would think twice about investing in bitcoin. Because in some countries $5 is quite valuable, and to get it some people have to work all day. So if, for example, it is true that there is play by several parties or several people, I don't think they have thought carefully about the impact. Because instead of continuing to promote Bitcoin's image with the slogan of cheap transaction fees, they instead make transaction fees expensive (if there is a game at all).

However, I also agree with you, that instead of waiting for bitcoin transaction fees to become even cheaper, it is better to continue to set aside cold money to accumulate in bitcoin. Because instead of waiting, it's better to just start and continue (DCA). But on a longer scale in terms of accumulation time. Because maybe all of this happens, (expensive transaction fees) if seen from the positive side it is caused by network congestion. Because maybe the bitcoin halving will be coming soon. Therefore, many people flocked to invest in bitcoin and caused the network to become congested.

But even so, I hope that bitcoin transaction fees can be cheaper as soon as possible.

That means you are yet to understand JJG before you must follow in his conversation you must be ready to put some meaningful things out there otherwise you won't understand what the post is all saying. Anyone who is ready to learn and expand his knowledge should always follow him I think he devotes more time with some newbies with his ways of posting and I will advise you don't rush while commenting on the thread his communicating with people. However I never fails to read most of his post even though I don't find much time comment but i do gain some vast knowledge through his write up.

Sincerely speaking it took me almost an hour to read through and analyze all he had said. I have to go back to the previous conversations and comments he quoted for proper understanding so I won't misquote.

There is a valid point here and a very sound message your passing and I wont be ignorant. It is important that at every point in time. There is a perfect strategy that would be perfect in accumulating bitcoin. But how would we know? This leaves me to adopt the strategy that I can still DCA, and if there is an opportunity to lump sum when the price dips, I wont hesitate to do that. And by anyway it wont hinder my DCA. But this will require enough funds as you have to keep some extra bucks and expect the price to dip while your Dcaing.

If you are not doing DCA and trying to buy only on Big Dips, then you need to continuously remain in touch with Bitcoin price and try to figure out yourself dips and big dips. The only thing we don't know is that the price we buying is the bottom or just the start of dip. These are things you have to keep in mind if you are not doing DCA.
If you are not in DCA and have huge cash then buying at one price is also a good option provided you are willing to HODL for a longer duration. Lump sum investment becomes more profitable if you correctly caught the big dips. But again there are trade-offs, in Nov 2018 price of Bitcoin was around 5000$ while in Nov 2021 price of Bitcoin was around 65000$. If you have your Lump sum investment at 5000$ and you are willing to HODL for 4 to 5 years then results will be very much positive.

JayJuanGee is our ChatGPT of Bitcointalk.org 

The idea of rug pull is quite different from up and down market movements, even if you might get the sense that sometimes the BTC price is manipulated up or down, there are players who are trying to push the BTC price in one direction or another, yet bitcoin is likely one of the free-est of markets that currently exists, even if there are behaviors to push its price in one direction or another that may or may not end up being successful.

I see that you have been registered on the form since early 2017, so surely you may well have gotten used to various kinds of price moves in BTC, and in your earliest months of BTC accumulation, it may well not really matter so much when you accumulate BTC, just as long as you start to get into bitcoin, then you will at least have somewhat of a stash of BTC so that you are prepared for UP.

At the same time, if you are continuously worried about BTC prices dropping after you bought, then you likely bought too much and you did not save enough cash to be able to continue to buy when the BTC price goes down (that is if it ends up going down from the prices that you had bought).

Long term investing should just mean ONGOINGLY buying BTC until you get to a certain amount of BTC that you feel that you have enough.. and if you are a long term investor into bitcoin, and you have conviction in bitcoin, then the main thing that you should attempt to focus on is to make sure that you are continuing to build your bitcoin stash through ongoing buying, and it is quite difficult to know when the BTC price is going to fall or if it might fall or if it might not even fall, but as an individual investor, you can decide for yourself how much money you are going to use to continue to buy BTC versus how much you are going to have available to buy on dips. .and at what price points is that money for buying on dips going to be reserved.

If you have been in bitcoin since early 2017, then you could still consider yourself as still buying BTC in terms of long term investing for any new buys that are 4-10 years or longer from the point that you buy the BTC and not necessarily the point that you got started in BTC, even though your earlier purchases of BTC can still inform the extent to which you feel that you need to buy more BTC and what would be the terms upon which you are buying any new BTC.. are you thinking in terms of 4-10 years or longer for any new purchases or are you thinking in other kinds of terms, such as trying to play the wave with any such additional BTC that you might be buying now and planning to sell some or all of that at various points on the way up.  Ether practice could work, even though you might be trying to long term invest and also to have ideas about trading at the same time, which may or may not be a good idea or a good way of thinking about how to manage your BTC accumulation if you perceive yourself to still be in BTC accumulation phases or if you perceive yourself to be in some other stage, such as BTC maintenance or BTC liquidation.. and surely the stages are not absolutes, either, they can overlap one another.

If you are brand new to bitcoin and you are largely DCA buying, then you might not even feel that it is worth it to keep any money available for buying on dips because you DCA buys are fairly regular (maybe even on a weekly basis), and you might well just choose to attempt to time your dips within the week in order to try to buy on dips during each week that you are planning to buy anyhow, but once you get to a certain level of BTC accumulation, you might end up varying your strategy beyond merely DCA buying, and sometimes you will be correct to vary your strategy, and perhaps other times you would just be better off to just keeping on with your DCA buys..

and there is also no reason to believe that DCA buying is boring and our stagnant, especially if you are trying to be aggressive in your DCA approach.  The more aggressive that you are in your DCA approach, the more you need to pay attention to maintaining your emergency fund, and balancing your income versus your expenses in terms of strategizing when you are authorizing yourself to allocate parts of your income to buying bitcoin.  So for example, you could have a income that is between $1,200 and $3k per month, and expenses that vary between $1,600 and $2,200 per month, and surely I tend to be on the conservative side in terms of making sure that my income has come in before I spend it, but sometimes you also might want to make sure that both your income and your expenses are in for the month before you allocate the extra amount towards bitcoin, and since your both your income and your expenses have a decent amount of variance, you might feel a need to maintain a larger emergency fund that is closer to 6 months of expenses (which would be $13,200 ($2,200x6)), and if you have months in which your income is less than your expenses, you might be drawing from those emergency expenses, but you still may or  may not be in a situation in which you are maintaining a minimum amount that you continue to buy BTC no matter what... So, there are a lot of ways in which you can build cushions and priorities and do many things at once, even though some people like to describe DCA as boring, which I doubt that it has to be, except there are ways to purposefully make it boring, and that might be to choose a real lowball amount to DCA, such as $50 per month, even though you have a budget in which you could invest between $50 and $1k per month, depending on how your income versus your expenses play out for that month..


I agree with you that each of us comes to investing in a way that is somewhat aligned with our past ways of doing things, and sometimes there could be ways that we can learn to improve our systems, and some people are more able to adapt than others, even though we still draw from our past experiences in terms of how we think about investing and if we also might have some bad habits that might not involve enough figuring out what are budget limits are and to make sure that we are not overly gambling or not understanding our cashflows well enough.

If we don't have a good idea for our cashflow 3-6 months into the future, and then we end up overly investing into bitcoin or into something else, then we might end up putting too much stress upon ourselves when our cashflow shortage comes later down the road, and we are not really sure from where it came (except if we would have planned in advance, we would have already been able to see how our income versus expenses were lining up and maybe we even have various cushions in our accounts that end up serving as the places in which we draw from for investing, so for example, if we are young and have hardly any responsibilities, then we might maintain at least a $500 cushion in our account at all times, and we can see the times of the month in which our various cashflows are close to the cushion. and maybe much of the month we have $2k to $5k extra, but every once in a while it we can see it gets close to the cushion so we make sure that we take measures to never go below that particular cushion.

If our finances are  more complicated with family obligations, business expenses, and even uncertainties of income, we might try to create a cushion that never goes below $3k... so yeah we realize if at any point we end up going below $3k, we are in a real bad place, so we have to scramble a bit to get it back above $3k, so the one with a cash cushion of $3k, might have regular cash balances that are in the $5k to $10k territory, but they can project ahead and see that each month they get close to $3k, and so they can use those kinds of balances to figure out how much they are able to invest and when to authorize their abilities to invest.. whether weekly, monthly or some other time period.


DCA is buying based on your own budget, and buying the dip is buying the dip. They are different, and even if you might be at a point that you have accumulated quite a bit of BTC and you feel that you prefer to buy on dips rather than DCA, those kinds of decisions should be based on your own sense of whether you have accumulated enough BTC, and sometimes the BTC price action might inspire you to buy more or to buy less, but those likely are luxuries that come from having had already accumulated a decent amount of BTC so that you are already feeling sufficiently/adequately prepared for up.


Corrections do not "always" happen in the way that you are describing, yet each of us should always be prepared (psychologically and financially) for corrections to happen whether they end up happening or not.


Yes.. .We do not want to prepare for only one direction, even though ONLY 1 direction might end up happening, but we are prepared for either.

One thing about preparing for UP, an overwhelming majority of the persons of the world are not even close to sufficiently/adequately prepared for UP, so any of us who prepare for UP are going to be way more advantaged over them, and we are also going to be advantaged because we are prepared for both up and for down, and many of the persons of the world are also not prepared for down because they are not prepared to buy BTC when (or if) the BTC price goes down.. so there is one thing of being prepared to HODL through the down, but there is even a greater bonus to be prepared to buy on the way down (if it goes down), and to have some ideas before the downs happen, at which price points we are going to buy how much BTC... so preparing for UP and for DOWN does better prepare you for UP, too.  


Hopefully if we are trying to accumulate BTC, we are not so dumb as to engage in trading (and/or gambling) tactics because an overwhelming majority of people will be better off to engage in more strict forms of BTC accumulation that includes various kinds of buying of BTC to accumulate more BTC, and selling BTC to accumulate BTC is not a very good practice for the overwhelming number of normal people of the world... in other words trading is a specialized practice and not advisable to do.. especially for beginners to bitcoin, and maybe ONLY once you establish your BTC stash after several years and maybe ONLY less than 10 % of the size of your BTC stash.


DCA and long term HODL go together, but surely anyone is free to sell their BTC at any time that they like, even if selling their BTC might not be a good idea in terms of longer term kinds of financial preparations.


Price is relative, so I doubt that BTC price is too high to perform lump sum or other tactics such as buying on dips, even though DCA can help to mitigate some of the affects of lump sum buying and/or buying on dips if the BTC price moves against what you expect, so if you buy on the dip or lump sum buy and the BTC price goes down, then DCA can help to mitigate the price exposure from having had chosen to engage in such lump sum purchasing of BTC.

Just to let you know, there are likely going to be folks who are new to bitcoin who are going to be buying a lot of BTC, and they are going to want to get exposure quickly rather than over an extended period of time, which is one of the advantages that lump sum (and buying on dip - if the dips happen) can have over the DCA approach to BTC buying.

Even if the BTC price went up 50% to 60% in less than 2 months, that still does not necessarily mean that BTC prices are currently high.  Also, recall BTC prices went up around 3x from their November 2021 bottom, so in about 2 years, but even now, as I type this post, BTC prices are ONLY right around 42% above the 200-week moving average (which is currently $29,634), which is hardly high prices, even if we might end up getting a BTC price correction... but we might not.. There are no guarantees... Historically the BTC price has gotten between 5x to 16x higher than the 200-week moving average, so surely the higher that the BTC price gets above the 200-week moving average, the more we might start to sense that the BTC price is frothy and due for a correction.. and on the short term basis, such corrections may or may not end up happening.


I would consider that there is nothing wrong with keeping a certain amount of money in the bank, including some of your cash reserves, and especially if you have expenses in fiat, then maybe some (or all) of your emergency fund might be in a bank or in several banks or even other kinds of places in which you can access if you need that money.  

Emergency funds should not be in your various investments, but instead various forms of fiat.  Of course, if you get so rich that you have 20-30 times or more of your annual expenses in various investments, then it becomes less critical regarding how well you protect your investments with an emergency fund, but newbie investors need to have an emergency fund to protect their investments, otherwise they could spend 3-10 years investing, and then not getting anywhere because they have to sell their investments at a time that is not of their own choosing because they failed/refused to maintain an adequate emergency fund.

People invest because your money is not likely going to be keeping up with inflation if you are keeping it in various fiat forms, but it still does not mean that you should not be keeping some money in various fiat forms.. even though you are going to get your growth (or even your abilities to keep up with inflation and the degradation of various kinds of fiat) through investing in assets and bitcoin is likely to be a good one (if not the best one) of the choices of where to put extra money.

Personally I wouldn't pick the option of changing Bitcoin strategy as difficult as some people might oppose. One thing for sure, change is constant and we humans are built differently in such a way we are able to quickly adapt to new things. So it is left for the person to take the bold step in changing such strategy.

It is still not a bad idea buying wholesomely from the DIP but how often or long do we propose the DIP to happen. Very important at every stage to know which strategy to apply, at some DIP you may find it very interesting to accumulate more than normal DCA amount that those not necessarily mean altering your DCA strategy.

I completely agree with your point about the unpredictability of upward moves in the BTC price. It's true that we never really know when these unexpected surges will occur and there is no guarantee that there will be a correction afterward. Therefore it does make sense to be mostly invested during those periods when the BTC price is on the rise and not correcting back down.
You mentioned a couple of recent examples... These instances demonstrate how the BTC price can experience significant gains without necessarily correcting back down immediately. While there is always a degree of uncertainty history has shown that there can be substantial gains in relatively short periods of time.
But in all of these cases if anyone is DCAing so he will never think about it even the price is going up or going down. Like you have mentioned many time that if anyone holding and DCAing the Bitcoin for 4-5 years so this will be profitable after certain period.

DCA is an effective way to accumulate Bitcoin especially for those who believe in the longterm growth of the Bitcoin. It helps to remove the pressure of trying to time the market and instead focuses on steadily building a position in Bitcoin. That is the one strategy which fits with every mind.

One never invests for a short period of time when investing in the DCA method. And no one will spend the money depositing bitcoins in this DCA method for trading.


There are many other reasons to adopt the DCA method, if you invest in Bitcoin for the long term you must adopt the DCA method. One of the reasons for adopting the DCA approach is that once you start investing in Bitcoin, you will only want to invest in Bitcoin.

Investing in Bitcoin with the DCA method offers a lot of savings. For example, if you have invested in Bitcoin from the past, then the price of Bitcoin in the past was 26k dollars and if you have invested in Bitcoin continuously for two months, then the current price of Bitcoin is 43k dollars. Then your investment will be in DCA method by calculating the average price between these two.

Many investors have made great money and found success using the DCA method. DCA method is a successful method for investors.

If we keep money in the bank, there is a possibility that the bank will go bankrupt and if the bank goes bankrupt, we will be burdened with debt as soon as we save money in the bank, why do we invest in it? It seems to me now that investing in Bitcoin is much safer than keeping money in the bank if you can store your investment in a good wallet. 
I am keeping money in the bank and the bank is doing business with my money so what is my profit there.

Instead of keeping money with others, you should invest yourself and create a great chance of profit by investing. We all love to save and keep money in the bank but many have different opinions when it comes to investing. 
Honestly now I don't trust the bank so I invest the remaining money in bitcoins and I consider this investment as savings and a way to get big profits in the long run.

All the money from my signature campaign is invested and I spend part of the money I get from my job for my family and the rest I invest in bitcoin consistently. Prior to consistent investment and DCA method I used to save some money in bank but now along with consistent bitcoin investment I have decided to invest the amount of money I have in bank and it will be a good decision for me. I earned the money hard so I don't want to lose that money by keeping it in the bank.

This method is usually carried out voluntarily by every investor who wants to continue investing every week or month and there is nothing wrong with continuing to use this method. However, you also need to pay attention to the price range each week because now the price of Bitcoin often experiences spikes and corrections below the resistance level so that it has not yet reached $45K or exceeded it and now this year is almost ending with the price still below $45K.

Actually, long-term investment in Bitcoin can be done in several ways as long as it is not too burdensome for us to do it at any time, although sometimes I also use the method you said when I have sufficient capital. But on the one hand, I also often wait for price corrections for a certain time, although at this time perhaps this doesn't have to be a priority anymore because the direction of the market trend is strong enough to improve due to quite basic influences.

Good thing is you have understand how everything works with your years of experience. However, based on your narrative you sound like someone who is into day to day trading more than investing. You can only adopt DCA strategy when your investing not when your trading. Which means you have to give more priorities to how you invest and accumulate your bitcoin. Am sure you don't want to DCA for some period and later lose them to trading. Then what it is the essence of accumulating when your trading.

Also, not because majority of bitcoin investor have adopted DCA strategy then you have to say other method are bot very useful. Before DCA become popular there were other other method which have worked for many investor. One of which i know is the lump sum. When bitcoin  started gaining big rise, Investors would wait for the price to go down and when it does they go all in the market. And back then the price was more affordable when the price has not exceed $10,000. A lot of persons where doing lump sum. Now the price is way high for a regular citizen to afford to buy once this is why the DCA method is adopted by many.

While deciding to trade we make sure that we have extra funds to use for any possibilities that will happen so that we cannot touch the first funds we use which get trapped on unforeseen correction happened. Since if we are not really prepared with this for sure we provably get panic and instead we think about right think we commit mistake by dumping our bought bitcoin since we are not fully ready with these consequences then get panic. That's why if we want to do DCA make sure we also have plan B so that we can make other actions and do more better decisions.

Correction always happen that's why we always need to look at this situation and don't play around since we think bitcoin will continue to pump. If we do that for sure we regret these since for sure there's so many fuds will scatter and might we get affected with those situation.

But for sure over the time we are trading we can learn a lot base on our experiences then for sure we can choose whether we do DCA or do long term HODL since we are well equip with knowledge we get thru our experiences in the market.

I think it's not a significant problem. I'm sure with DCA's investment model and the saying we're going to lose money/rugpull will change. Everyone tries to do their best in investing and sometimes the implementation is different. Some say changing habits is difficult, especially changing investment patterns which in the past we often saw people putting in/buying everything at once, everything was considered appropriate and not wrong, but if we lower the tension just a little, in my opinion it would be wiser to arrange it, do it in such a way and that not that difficult.

That's right, as you said, there is always the possibility of a market correction and sometimes it is beyond our understanding and just look today at how it can suddenly go down even though if we look at the graphic data it shows it will go up. So, what is needed in this situation is fresh funds to be able to absorb any downturn. Apart from research and observation before buying, the luck factor is not needed at all here because DCA is a pattern of buying every drop if we have savings.

To catch up I have been involved with Bitcoin for a long time and I have witnessed many changes in the market and I understand the charts well but I can never be sure how the market will go in the future. By observing the chart, one can get some idea about the market that the market will form support and stop at resistance, but it cannot be sure which direction the market will go. In trading I usually adopt this kind of strategy and by adopting this kind of strategy I can get some success in trading but in investing I never pay much attention to the chart or market condition.

Long term investment means I have to buy and hold a particular coin for a long period of time and the market will change multiple times during this long period where charts will not be very useful. Skill and experience is required in investment because skill and experience in investment can hold the investment for a long time but investing in long term plan there other strategies are not very useful. A strategy that comes in handy for long-term investing is the DCA method of investing. 

Investing in the DCA method sees bitcoins being purchased at each step, making the investment sound but with much less risk. Those who once did not understand the DCA method now find the DCA method to be the best investment strategy. It is always a good decision for an investor to start investing with the available amount and later invest in DCA method.

If a person just came to this thread, and realized that he should be investing into bitcoin (and he owns absolutely no bitcoin right now), so within a day or two, he figures out that he has right around $2,400 that he could invest into bitcoin right away, and then after that he has about $400 per month that he knows that he can invest into bitcoin, and he believes that maybe he could get his financial matters in order in order to reduce his expenses and to increase his cashflow and perhaps increasing his discretionary income, but that might take some work to get there.

Let's say that he also realizes that he has around $2k in various kinds of debts, such as credit card debts.. and they vary in terms of their interest rates.. between 3% and 20%.. and he calculates that he has about 1.5 to 2 months of emergency fund. and he recognizes that he has to build his emergency fund to 3-6 months, especially if he is engaging in investing that presumes that the invested funds are not going to be available for 4-10 years or even longer than that...   

So he has to figure out right away about getting started in BTC right away or not.. and then also paying off his credit card debts, and how fast and which ones first, and building up his emergency fund and also shoring up his income and cutting expenses.  He could well do all at once, and in regards to the amount that he puts into bitcoin right away, he could lump sum in part of his available cash and save some for buying on dip and DCA.. although he already knows that he has cashflow coming in too.   

Identifying his own situation is part of the challenge, and there is some discretion regarding how aggressive to be or how to divide up various categories to do things simultaneously or to maybe accomplish one thing or another first or to give higher priorities to certain parts over other parts.  There might be smarter ways in regards to selecting whether to do some items first and/or whether to get started investing into bitcoin right away, and deciding how and how much in the various categories.  It could take 6 months to a year or maybe even longer before the person in this particular hypothetical is really able to get his finances in a decent place... and to me it seems that building his bitcoin stash should be something that he includes right from the start, even though he likely would not be able to invest very aggressively into bitcoin until getting some of his financial matters into a better order, and he really does have quite a bit to work with, but a lot of balancing of where to put his discretionary income (the amount of cash that he has remaining in his monthly budget after expenses).


There is always a possibility for a correction, and that is part of the reason that everyone needs to invest in bitcoin in a way in which he prepares for short-term price moves in either direction, and if he has no bitcoin, then he is not prepared for up.. .so even if the BTC price has already gone up more than 60% in the last 2.5 months, that still does not mean that it might not continue to go up from here.

Historically many people are not sufficiently/adequately prepared for UP, and that still remains the case of the overwhelming majority of the population, generally speaking an overwhelming number of peeps are inadequately and insufficiently prepared for UP... and that inadequate/insufficient preparation for up problem is at least partially addressed by at least getting off zero and getting some BTC.


Wow! 

You have been here nearly 2 years longer than me, and if you are suggesting that maybe earlier in your BTC accumulation journey, you screwed up because you did not accumulate enough BTC, then at some point you might know if you have accumulated enough BTC... but you gotta get started and keep accumulating the BTC until you have enough.

How much is enough is another story, and so you should attempt to account for your personal circumstances, but the longer that you have been accumulating and the more aggressive that you have been, then at some point, your BTC accumulation could even bring you to entry-level fuck you status.. which should be a sign that maybe you are getting close to the state of having had accumulated enough BTC.. and surely, even getting to entry-level fuck you status, might not mean that you are quite ready, yet to pull the fuck you lever and to be able to live off of your BTC investment through a kind of passive income (and perhaps other investments that you have), so if you are fairly young, then you have a lot of years that you would need to feel comfortable to support yourself, and if you are getting older and closer to retirement age, then you may well be at an age where you were already planning to stop working.. and so then there might be a question if you have any other sources of age-based income such as social security, pension 401k.