Topic: Buy the DIP, and HODL! - page 373. (Read 123464 times)

This is the issues that mostly happens when following trends or news about people speculating on bitcoin price and if it happens that the price is gradually driving to where they said you would notice a sign of regret in you for not investing but along the line you may still want to utilize the opportunity to venture into investment either with borrowed money or not. During investment we need to be prepared for it not because we see some changes in the market before we could go invest there are some people who doesn't make investment if they don't see the market changes direction maybe with at least 10 percent changes they won't invest without knowing that the market could turn back as a correction the previous charts or candle.

When I first heard of this kind of mindset, I remember rushing into a Bitcoin purchase without realizing that the market is erratic and that you can wait a little to buy at a discount.

A price increase does not guarantee that it will continue to rise without a fall. Because the price of bitcoin was rising, I had to purchase it at a high cost using the money I had saved. What did I witness the following day? The price of bitcoin dropped by 4%.

Having said that, don't suggest someone make a hasty investment because many people may utilize borrowed funds or their last savings to purchase bitcoin, which could lead to them selling off when they are not ready because of an emergency

DCA is a good strategy, you will always see the value of your money is stable but not with the price of bitcoin, the price of bitcoin may go down but the timing cannot be predicted so having high hopes to buy when the price of bitcoin falls even further is something that will be tiring ^{(it could be up to a year or even 3 years, depending on market sentiment)}, i have applied the DCA method myself in my investment in bitcoin, and i have proven that what i did was the right decision, and i am also sure that is the case with other people who apply the DCA method in their bitcoin investment. 

Wise investors will always have fresh funds at their disposal whether it comes from their job or their business and they will definitely understand how to make good profits and also not gamble with time, there will be no end of days if we wait for the Bitcoin price to continue down for us to be able to buy at a lower price from now on, especially since the halving will happen soon, hoping that the price of bitcoin will fall below $30k or even $20k will just be a dream lol

It seems that the point is that when the unexpected moves upward come, there may not end up being a correction in order to get back in, and we never really know when those unexpected move upwards are going to be.  So it is better if we are "mostly in" during those period in which the BTC price goes up and does not end up correcting back down.

We also don't even know once an UPward move happens (for instance the move up from $16k to $25k in late 2022/early 2023 with ONLY a correction to $19,800, and then our recent move up from $26k/$27k in mid October up to nearly $45k.. and so far hardly any corrections) if it will correct back down or not... and historically, sometimes we have seen 2x, 3x or more in fairly short periods of time... but there could be several 15% to 30% upward moves within the larger upward price move... so the point is mostly to be "in" during those UPpity periods.


I doubt that being in bitcoin for 4-5 years or more helps you to know better when the BTC price will move, but it helps you to figure out at what prices that you might buy, if you had started to slow down in your BTC accumulation, then you may stop DCA and ONLY accumulate on dips or during BIG dips.. but you are likely mostly informed by a sense of already having more BTC.. and perhaps even getting to a point in which you feel that you have enough BTC relative to other assets that you also have.    Your choices are likely not even going to end up being correct, but you are in a better position to have more options after you spent some time accumulating bitcoin (and also more likely to have your currently held BTC in profits) versus the person who might be in his first year or two of BTC accumulation, but some people still might not end up doing the right thing because they might be trying to keep their average cost per BTC down, and then they end up being too whimpy in their BTC accumulation, merely resting on their having had accumulated BTC at lower prices and at earlier times.  There sometimes can develop feeling of futility if you accumulated 4-5 BTC over the past 4-5 years, but at that same accumulation rate, you may well ONLY be able to accumulate 0.5 to 1 BTC over the next 10 years, so there could be some questions regarding if it is a good idea to continue to accumulate BTC, and no one can really decide for that person who is weighing his own particulars in order to figure out whether 4-5 BTC is enough and how much better would it be to have 5-6 BTC, even if it could take another 5-10 years to accomplish such additional BTC accumulation.

In fact, those who want to hold Bitcoin for a short period of time or to be profitable for the time being can wait for the market to go down. But if you believe in Bitcoin and if you are determined to invest in Bitcoin for the long term then I would say this is the right time. There are many who wanted to invest in Bitcoin when they had $16000 but everyone can see what happened to their situation today. Today bitcoin price is at $44000, with in shortest possible of time it can touch 50K and after that it may touch ATH. It is not that the market always will be bullish. The market can go down at any time. But considering the current time, I think it is not a suitable time to expect a downside in the market. I think it is better to hold as much as possible and it is definitely right time to invest in Bitcoin.

Of course it is very important to always buy Bitcoin whenever you have money to buy instead of waiting. That's why the DCA is there for people to follow instead of waiting for downtrend which might limit your ability to buy due to unforseen circumstances.

How quickly should you act? I don't think you need to be too quick to invest in bitcoin. The important thing is that you stay within your plan through the DCA strategy. Bitcoin may still be at the $40k level for this month until the start of the New Year. So you still have lots of time. You still have time as long as the price has not risen to $69k, considering that bitcoin price could rise beyond $69k. We cannot compare our investments with people with much money. But we can still invest comfortably using the DCA strategy.

Apart from that, you must also determine how much money you want to invest in bitcoin and only use money you can afford. That's the key so you don't panic or get frustrated by the temporary losses you see.

Many are hesitant to invest in Bitcoin, but I think there is no reason for hesitation. Always good time to invest in Bitcoin because DCA method is better if holding for long term. If you invest weekly then in the first week you buy at $41k at the current price, and in the second week you buy bitcoins at 44k. You will follow your DCA method based on the two-week average of the price that will be lower.  Because DCA method is better for long term. Everyone is making money and succeeding by investing in this method.

You are saying that Bitcoin should be invested now before it goes higher but what about those who invest in the future. Bitcoin price was twenty thousand dollar still but it was perfect time to invest bitcoin from that point bitcoin price reached 30000 dollar and still bitcoin was ok to invest now bitcoin price is above 40 thousand dollar and i think still ok to invest. Not only now or in the future when the price of Bitcoin reaches $50,000 to $100,000, but people will invest, that is, people will continue to invest, no matter how much the price of Bitcoin rises. 

There is no rush in investing because we are thinking of investing in long term plans and we are investing in long term plans. As you said that should invest in Bitcoin now but people who don't have money now but will have money in future if they read your comment they will be confused and they will be disappointed in investing in future. Long-term investment does not require much thought or haste, but if possible, if an investor starts his investment with a small amount of money and if he can make his investment consistently, then this investment strategy is fine for him.

Buying when there is shrink in the price of bitcoin is good, but my question is what if you were ready to buy when the price is up will still wait until the price comes down before you buy, that's why I always encourage people to buy when they are ready to buy, no doubt, the best time to accumulate bitcoin is downtrend but identifying the exact period is not easy, bitcoin volatile has made it impossible for people to predict it's movement, am of the opinion people should invest when the have the money to do so, since the value remains intact, I said so because waiting till it's downtrend might result to less interest or even spending of the fund set aside for it.

Buying regularly based on the capabilities we have is the same as buying gradually when we have capital which will eventually become a lot. Because very few people can afford to buy something in large quantities at once, especially if what they want to buy is Bitcoin, which has seen its price increase several times. So that it makes everyone apply good buying methods so that it is not so difficult and burdensome when making a purchase.

It should be like that, because if there is a possibility for Bitcoin price to increase more and reach new highs within the next year. This means that everyone must be able to assume that the current price is a price that is still in the Dip so that there will be no fear of buying repeatedly at any capacity they have. Because some people who are still thinking about price reductions still don't dare to come to the conclusion to buy at this time because there are still delays like that.

Buy signals are still available to take before it's too late. It is true that just waiting to buy when prices fall is the same as delaying the opportunity. If the ability to buy in large quantities is not possible, using a buying strategy that is carried out regularly is the best.

The achievement of a new high price may not be known by anyone other than speculating. The belief that Bitcoin will reach its peak is something that is very possible. So, before it's too late because of delays, choose the right steps to prepare yourself now.

All I sense is decision if you must know decision plays very important role on investment you might see someone who would want to invest in a specific asset be it bitcoin but if s/he has not taking that decision to release their personal funds to invest you would still find out that such person is still moving his feet to release money to invest. A true investor never wait for the price of bitcoin to drop about 50 percent before they venture into the market and of course won't wait, having known what it takes to have the opportunity to meet bitcoin price at a good entry point s/he won't waste that opportunity waiting for it to drop more before investor or before having to start doing their DCA. Look very clearly at all point in time you will noticed that people invest because they knows the potentials of bitcoin and won't let it pass them but, newbie investors will always wants the prices to drop so low like they wanna buy bubble gum.

If you have to invest in Bitcoin at this time, you must invest quickly. Because the longer you delay the price of bitcoin will go up, because I can see bitcoin price stayed between 26k and 30k for a long time. At that time some people said that the price of bitcoin would be lower and it would be better to invest, but now that the price of bitcoin is 44k some people still say that it would be better to invest if the price of bitcoin is lower. But no, you should notice that Bitcoin price has almost doubled in last 2-3 months. So if you observe carefully you will realize that many people have made a lot of money by investing in this Bitcoin DCA method and they are becoming financially independent. If you invest regularly in bitcoins and your average price will decrease, then of course you can become self-sufficient using the DCA strategy in this way.

Yes I do checked my numbers and they are at the moment positive. That's probably because price of Bitcoin has gone up and most of my accumulation was when price was below 30k. If price comes back to 30k then defiantly the numbers will be levelled very much. In short term, numbers can go up and down. To see full benefit of DCA one has to wait for a period of almost 4 to 5 years.  
I got your point that we can use these sites as tools but actual calculations must be done through our own hands and calculator.


If you keep on investing in DCA manner then after sometime you get to know more about how to do DCA in a way that can give you additional benefit, provided you keep  calculations from your own hand and calculator. Its just a matter of time before you start seeing yourself confident in DCA and figuring out when to be more aggressive.
Bitcoin still takes big dives in its price. Last December price was 16k and this December its gone way up to 43k. If your DCA is span over a period of 4 to 5 years and you are continuously doing it then it wont be difficult for you to judge when to buy more.  

It's true that not all strategies are equally effective or well thought out. While it's valid for individuals to have their own strategies for managing their BTC accumulation.
When it comes to trading it is crucial to have a welldefined strategy that takes into account the specific characteristics of the coins you are trading. While some strategies may be more suitable for altcoins or memecoins(shitcoins) it's important to approach them with caution due to their higher risk nature. But thing is that these trading strategies always ask for to learn much and have knowledge about fundamentals.
But when it comes to Bitcoin... It is generally considered a more stable and established cryptocurrency. Many investors choose to hold Bitcoin as a long term investment(with DCAing or others strategies which ends at Holding). And others may engage in short term trading based on market trends(they think they have a good strategy and they do According to their mind).
I was just saying that others may think they are on right way means they think they have the best strategy. But anyone cant impose his/him own strategy to anyone. Only the DCA method I think which everyone can easily accept and can work on it.


It is true that some individuals may mistakenly believe they have chosen the best strategy to meet their objectives.
Instead it is recommended to focus on strategies that are based on thorough research analysis and a long term perspective(like the DCA strategy we have).
Again I will say that people think that they have a good strategy but if this not ends at Holding so I think this is not a good strategy. While I believe that the DCA is the best strategy. Which sets with all type of minds.

While it is true that some traders may outperform longterm investors in certain instances the overall trend suggests that longterm investors who accumulate Bitcoin over time tend to fare better. This is because trading involves higher levels of risk and can disrupt the ongoing accumulation mindset that is often associated with longterm investing( or even I can say that the luck also can matter).
While there may be opportunities to sell and buy back at lower prices timing the market consistently is extremely difficult and often leads to suboptimal results. Longterm investors on the other hand benefit from the potential for compounding returns over time.
There is no reason to suggest that Bitcoin longterm investment thesis is getting weaker. In fact many argue that it is becoming stronger as more institutional investors and mainstream adoption occur. Like we have an example of ETF and we can see how the Bitcoin is performing and will perform more well and soon who believes in Bitcoin they will get profit.


Exactly that is my point view too the potential for significant upward moves in the price of Bitcoin that can be missed by traders who are not long at the time. It is true that timing the market perfectly is extremely difficult and missing out on these crucial moments can result in missed gains. And I think if there is the experience matters so the luck also matters if there is a trader. And if there is the person who is DCAing regularly so he will get the reward of patience.

Well there is a certain presumption that a DCA approach is taking from either discretionary income (so that is income that is extra after any expenses that you have) or that it is being taken from some kind of a lump sum of savings - so it could be done in either scenario, yet I would think that drawing from discretionary income is the most wide-spread and applicable to the most number of normal people.

Normal people do not tend to have a lump sum of savings or other assets that they could draw upon in order to DCA--- so most likely the vast number of normal people are going to be weighing how much extra income that they have and that they are able to invest into BTC (or anything else) after they also figure out their expenses.. so then the investment amount comes from whatever amount of money is left over after accounting for expenses (which is also known as discretionary income).

You do not have to be rich in order to have discretionary income, but you should be striving to live within your means, which is that your expenses are less than your income, and that is what gives you the ability to invest in responsible ways and without going into debt in order to invest (which would be a form of gambling). 

If you do not have discretionary income, then you most likely should not be investing in bitcoin or anything else..... and yeah, do what you want in terms of using debt to invest, but that is likely not going to end well.

Of course, another responsible way of investing is that you also should have some kind of emergency fund that would be able to cover 3-6 months of expenses, but I am not opposed to multi-tasking that involves building up of the emergency fund stash while simultaneously investing in bitcoin - however some people are in such bad financial circumstances, that they probably need to reduce some of their debt and/or expenses or to increase their income prior to investing.. so in regards to debt, for example, if they are paying high interest rates to service debt then they may be better off paying off some or even all of the debt (especially the higher interest rate debt) prior to investing into bitcoin or anything else..

Yet I don't want to be a Debbie Downer, and there could be ways in which some folks could pay down their debt, build their emergency fund and also invest in bitcoin at the same time, but most likely the ability to do all of the things at once comes from discretionary income and not from savings or from other asset (which discretionary income is the amount of income that is extra after paying for (or accounting for) monthly expenses).  

There are some really think that people buy at high price thinking that they are fool to do that decision but they never realize that we can still do DCA strategy even with that case. Maybe people just need to practice to have good patience so that they see a good result instead of keep doubting about the movement of the price of bitcoin. Its so difficult if we only put in our mind to invest but we didn't do any action since for sure we will just end up regretting on the good positions we supposed to take.

Buying at whatever price we want will not really affect our investment since we can still decide on which figure we can sell it or just simply save it for future since bitcoin investment is flexible and we can decide for it whatever thinks we like that's why there's no need to get panic in some situation since we can still be in controlled in our investment especially if we choose bitcoin.

That's why waiting game is kinda not good especially if there's good market condition to occur and we need to take good decision before it goes to late but we also need to do proper action so that we will not be in FOMO situation since important that we have series of scenarios set in mind to have good plan or strategized regarding on when to sell and buy again when needed.

Even if you don't have steady source of income you can still invest on Bitcoin using the DCA method, actually I know that steady source of income could also serve as a propelling factors that fuels the accumulating process of Bitcoin but however saying that DCA method is only meant for those that has a steady income will be indirectly saying that a less privilege cannot be able to accumulate Bitcoin, actually Bitcoin investment doesn't only give room for the rich but also to those who doesn't have much money to invest. So let's not miss Understood DCA method for a normal investment method were you will like to have enough funds and steady income before you could invest on Bitcoin but DCA method work contrary to that.

Yes there are some people who regret investing as per DCA. For example if an investor buys Bitcoin at $43k. If he comes to buy bitcoins again according to DCA, he sees that the price of bitcoins has fallen to $40k in the market. Then that investor may regret investing at, $43k. Investors may feel that it is better to invest now rather than earlier.

Again if one buys Bitcoin at $40k while investing in DCA method. If the investor comes to buy Bitcoin later according to the DCA rule, if he sees the price of Bitcoin in the market at $43k. Then again, this investor will think that if he had invested more earlier, he would have earned a lot of profit now. In fact those who invest in the DCA method should have no regrets. Because they are getting an opportunity to buy bitcoins at a higher price and at a lower price. It is human nature to regret whether it is a profit or a loss.