Topic: Buy the DIP, and HODL! - page 378. (Read 123460 times)

In the first step you sold your investment because you heard some bad news but you invested again in Bitcoin and now you plan to hold that investment for 6 to 7 years. In the first case, you must have invested in Bitcoin with a long-term plan, but after reading some bad news or negative articles about Bitcoin, you may have decided to sell your investment, but there is no guarantee that you will not sell your investment again after hearing bad news about Bitcoin. 

When you invested in Bitcoin in the second stage, the price of Bitcoin was 25 thousand to 26 thousand dollars, by calculating your first stage investment and second stage investment, I can assume that you are not new to investment and you have been involved with investment for a long time. 

Since you have been involved in investing for a long time, you must not understand that there will be bad news and good news in the market after a few days, you have to hold your investment for a long time by combining good and bad news. It is a very good plan for you to invest in the second phase for six to seven years but keep in mind that bad news will come regularly in the market so don't get restless and sell your investment but try to keep maximum confidence in your investment. Always try to set the target now in investment so that you can reach the target and you can hold your investment till the specified time. 
The longer you hold your investment, the higher your chances of profiting from that investment.

DCA requires large capital, because the average buy if coin down price. if you want a small capital dca buy it can start small. if not then it takes a very large capital to do the DCA strategy. and dca strategy is only suitable for coins with large capital at least in 10 big markets in coinmarketcap. if not it can happen like luna down the price of the coin until it is lost and worthless.

Market timing is useless unless you are an experienced investor who understands technical analysis and high-level research. A dollar-cost-averaging strategy,(DCA) rather than trying to buy bitcoins at the right time, will be much more effective than buying bitcoins at the right time. Since Bitcoin is a long-term investment, you will regularly allocate a small amount to the digital token.

For this reason, you don't have to worry about whether you have timed your investment correctly – because your investments will be adjusted depending on their ratio

When I have not started using the DCA method, I have tried a  few times to teach people about investing in Bitcoin. Unfortunately,  the approach then was to put any amount they could afford with target of selling when the profits comes in. Then the hype of Bitcoin was at the peak and the internet was littered with testimonies of people who made huge amount from investing in Bitcoin and some other shitcoins.  So my job of convincing them to invest in Bitcoin was not hard and some of them actually joined, saw profits within a short time and some sold while some others held for longer time.

What I later realised was that seeing how easy it was to make profits in Bitcoin,  a lot of them went and sourced for more money to invest more without letting me know... some even borrowed money and bought at the peak. For those of them that could not sell when they should and are not ready to hold for long, their pains were expressed in various degrees and I listened to the agony with utmost surprise. Humans can actually be greedy and unpredictable.

Assuming I knew about the DCA method then, that would have made the job perfect because they would have started off with it already thereby eliminating the panic buy attitudes and quest for quick profits.

Long-term investments are created based on the plans of all investors. Because if there is no proper plan then an investor can never invest long term without planning (a horse can never reach its destination without bridle). So first take the target for how many years should be invested. Since then I just want to buy number of bitcoins.

If you are buying Bitcoin 44k for the first time with ($$). In step 2 if you buy 42K ($$) for that amount of dollars then the average cost will be calculated to pay your DCA. If you can match your equation according to the plan then surely you can achieve long term investment success. Investors who plan to invest for five to ten years follow the DCA method at the right level and accumulate bitcoins for the long term.

Investing in bitcoin in the long term will indeed be very profitable. Because it's not just a story or fantasy, but a lot of real evidence, that bitcoin investors who managed to control their emotions and managed to hold bitcoin until the price was high, were ultimately able to reap huge profits. Therefore, investing in Bitcoin in the long term is indeed the right thing to achieve maximum profits.

Currently, many of us definitely hold bitcoin, maybe some have a goal of holding it for a period of 1 year, 4 years, or even 10 years. But I assume there are many bitcoin investors who will quit (sell) in the next bull market. Due to bitcoin's 4-year cycle (halving) and subsequent bull market, it has become something of a transit point for many bitcoin investors to change paths and set new goals. The point is to take profit, then wait for the bitcoin market price to fall again, then buy bitcoin and hold it again.

Because I personally also plan to sell my bitcoin assets in the upcoming bull market, but of course at the price I was aiming for from the start.

No investor in a new state is fully educated or experienced. I also started investing a few months ago, but (I decided to sell my investment but (suddenly I saw JJG's post) since then I stopped selling my accumulated bitcoins. When bitcoin price was between 25k and 27k  Then I started investing. And now my wallet portfolio has grown a lot. So I have now decided that I will keep my investment for more than 5 to 7+ years. Because I understand the signs of long term investment and I will definitely fulfill my plan because I  Want to own 1 to 2 bitcoins.

If you invest in Bitcoin for the long term, you will benefit the most. Because the only long-term hold on Bitcoin is the investor will be successful. So if a person wants to be successful in life, he should invest in Bitcoin for long term. Because I am waiting to get my success full from Bitcoin.

In Bitcoin you will find success in life if you can make a long term investment with difficulty in the beginning. Only the beginning has to have the ability to take such risks.

But yes knowing properly we have to invest for long term, there may be some problem for beginners that surely you can remove your deficiency by getting planned education. Because it is not possible for a new investor to know all the information so you can know all the long term investment information of DCA method from here.

When I first invested in Bitcoin, I didn't know much about the positive aspects of holding Bitcoin for a long time. I had no such idea when I was new so may be the same problem for those who are new investors now. I feel that learning to invest in a long-term plan was the turning point in my investment life. If I didn't know that investing in long-term planning is possible, my investing might have been a bit like trading. Just as trading involves buying coins low and selling them high, I might have bought bitcoins low and sold them high. Now I know about long term investment so for me long term investment is more priority then trading or other things.  

Every new member knows how difficult the beginning was for them so we should help new members to make the beginning easier for new members. What to do in the long-term plan or what kind of steps an investor should follow in the long-term plan should be discussed with an investor in advance. Patience Belief Maximum Risk Acceptance All these things should be sufficient for a new investor who wants to invest in Bitcoin for long term.  

There are some investors who invested in Bitcoin with a long-term plan but they currently sell their investment at a small profit. This happens to many, but to those who do, you are not investing long-term, you are trading. I believe that once people get a taste of long-term investing, they will never invest in anything other than long-term planning.

I understand what you mean but long term investors too buy coins when the price is low and hodle it for their long term goal investment. They too don't buy coins when the price is very high because they know that they would not make too much profit from it so they buy enough when price is on the bearish. Trading are buying like that because they are looking for instant profit and not even two days or weeks. And for this days, traders use Litecoin and Ethereum more and it is giving them good profits. Trading is just a calculation and when calculate to the rightful direct then you will definitely make your profit.

Bitcoin trading this days is some how difficult because of the withdrawal challenges of the tx. So many use alternatively.

The DCA method is a good way to invest especially with Bitcoin. It is nice to know that you have ve had a good experience with it.


There are much people get worried about investing in Bitcoin (not only you) because they think the price has already gone up much. But with the DCA method they can invest in a more relaxed way. Instead of putting all their money at once  spread it out over time. This help them deal with the ups and downs of the price and can even make more money in the long run.


Exactly this is the best way to teach them and if anyone will start this method so with passage of time he/s will understand the how important it is and they will be in profit after 3 to 4 years uth they will continue this strategy for long time.

That's a mindset mistake that must be avoided if we want to succeed in achieving what we aspire to. Not a few people have big dreams and want to achieve them immediately. But without them realizing it, they forget the foundation that must be built from the bottom. Likewise with bitcoin investment, if you want to be successful in owning a large enough amount of bitcoin assets, of course you have to do it gradually (for people who don't have a very large income). Because I think that's the only way to achieve it.

And DCA is an effective way to make those purchases. Even though the time required may be long, it is all relative. Because it all depends on how the DCA is run and how much money is included in the DCA strategy. Apart from that, the price of bitcoin will also definitely have an effect, if for example doing DCA when the price of bitcoin is high (but this doesn't need to be taken into account too deeply). So the most important thing is to continue doing DCA on bitcoin, and determine the goal.

Although in this thread could say there is a lot of repetition in the review. But I think it can be a good reminder for us as fellow bitcoin investors and will definitely be a good lesson for beginners who see and read this thread.

If someone looks at the price and purpose of 1 piece of bitcoin then of course it will be expensive 1 BTC is too high so if you buy 0.1 BTC it will feel very heavy if you do it at once, with the DCA method you can have 0.1 BTC even up to 1 BTC if you continue to do DCA all the time let time be the process of how we continue to accumulate bitcoin so on with the DCA method.

People who have not realized DCA are usually ordinary people, who have not been involved in long-term investment for a long time while DCA has been effective for low investors with minimal income even though the salary is minimal every month you can still do DCA if your financial management and cash flow still have leftovers then spend more on bitcoin.

In fact, I am happy with this thread, we can see how they do DCA all the time, funds how their process journey as I told above until now is still doing DCA even though the level of input is small but I already have more than 0.1 BTC from siganture the rest is in another wallet as the main wallet.

As believers of bitcoin, the most important lesson we were all given was how to become long-term holders of bitcoin in order to become profitable investors. If we can accomplish that, our bitcoin holdings should have generated returns for us in the future, depending on the duration of our bitcoin hodling decision(months, or years). 

But some got that idea that they should invest less on bitcoin then scattered their invest for trading multiple alts since they see some good result for trading it for short term. But they don't realize that its case to case basis and might lose something big in their investment since bitcoin is really the best choice especially for long term. Maybe best for them to spend less on other altcoin especially if they are only investing it on those shitcoin since there's nothing good will happen with them on that tokens.

People come in bitcoin and didn't leave are the people who have experience on investment and they see something huge(potential) on bitcoin that's why they decide to stay. Those people who leave in the scene is I believe a total newbie which those people didn't get what they expect since they are just there because of the hype then think about they can be rich for short time but nothing happen to them that's why they leave without thinking about other good way to improve especially gaining more knowledge about bitcoin investment.

Nah I don't also think that need to be aggressive since doing that will cause us a big lose for our capital intended for investment that's why for me its better to do a good research first before taking decision especially if they want to invest and they need to have good preparation if they want to invest on other coin. But for bitcoin its really better for this to think about long term since we always see a positive result for doing this.

I would expect that the pool of long term BTC investors versus traders versus newbies is a lot more dynamic than you are making it out to be including that we are really early in our adoption level, and even some folks who already hold BTC may not realizer that they are way underinvested into bitcoin as compared with their knowledge of bitcoin or their financial situation in which they could own way more bitcoin but who had chosen to be whimpy abou their bitcoin investment.   

Including that there are a lot of current no coiners who do not realize that their more proper category is that they are a pre-coiner, and even traders might realize the dumbness of their ways and convert into BTC investors, so there are always folks coming to bitcoin and leaving bitcoin, but it is more likely that more people are coming to bitcoin rather than leaving it, even though it is difficult to measure, but they are coming, little by little, and there are always a pool of new coiners who are needing to build their BTC stashes, and they are at various stages of building their BTC stashes, some with more success and aggressiveness as compared with others.

Many of us reading and participating in this thread likely come around to the ideas that we need to be as aggressive as we can in terms of accumulating bitcoin without becoming so aggressive that we end up screwing ourselves out of our own bitcoin position, so we end up needing to be careful not to allow our aggressiveness to accumulate bitcoin to devolve into gambling.

I heard what you said differently.  An older brother of mine used to say this saying, his morning was like helping with deeds rather than with money. If someone is helped with money, he will spend the money for a time and he will need money again and he will ask for help again. If he can be helped with an action, the action will earn money so that the person giving the advice will not need to be helped a second time. Although the word is short, this word has been used enough in every case. A new person expressed interest to know about investment or wanted to know about investment but we only discussed with him the positive aspects of investment only to weaken him towards investment so that he will enter into investment with wrong information or wrong idea.  

Before investing with an investor, one should discuss the financial situation after the investment. The new investor should be given a fair idea about the investment and although time consuming, the investment should be explained to him in such a way that he does not have to ask about it again later.
Investors who invest for the long term do not wait for the market to fall below its high of $2000 or for the market to change. By long term investment plan we mean long term plan with a particular coin. If you plan on a coin for two to three years, then you never give too much importance to the fact that the price of Bitcoin will change. For those who trade it is different but there is a substantial difference between trading and long term investing 2.  
A trader's objective is to buy a coin at a low price and sell it at a high price, but for a long-term investor, the plan is not so simple. When it comes to long-term planning, investors think that they should invest in the right coin and hold that investment for a long period of time. I believe so much that those who were waiting to invest for the long term have already invested for the long term.

Bitcoin subjects can be more confusing sometimes, but let's not plan to gather all the knowledge of Bitcoin just in one day or a few hours, because we might get more confused the more we try to learn within a couple of hours.

Bitcoin subjects will be easy only if it is practice just like being part of it (like investing), however I was also confused when I didn't invest in Bitcoin, but now, I have invested in Bitcoin, and I am planing to hold and use the DCAing strategy. I don't know much, but I have learned little about Bitcoin, but with the little I have learned from this forum and this discussion, I have gathered a lot of ideas about Bitcoin.
I want to hold on for a long term and use the DCAing strategy because I have learned that that's the only way to invest and accumulate Bitcoin without being pressed with monthly expenses.

There is another famous quote, He who knows; and knows not that he knows is asleep, wake him. He who knows; and knows that he knows is wise, follow him. 

At time we are shy in admitting the fact that we don't have much knowledge about certain topic. There must be no shy in admitting that limitation. Like this forum is open to ask anything and if I don't have knowledge about certain aspect of Bitcoin then I must ask here rather then worrying what others will say about me. 


Yes there are people who understand quickly and there are people who take time to grasp same thing. Even if someone is slow learner then with hard work and dedication he can catch up others. 

Teaching is not an easy task and if you are into teaching then you learn more with time. Since there are different students that ask different questions and as teacher you have knowledge of some while for other questions you find answers and that adds to your knowledge. Moreover there are brilliant students who are not good teachers as they cant express there knowledge in words in-front of others.

On this forum there are members active since 2015 or even before that. So there advice matters since they are into crypto for quite a while now. As time goes we can have better understanding that who is giving true info and who is not. But it will take time and our continuous presence here.


I agree. Many of us see coinmarketcap for bitcoin price check and it took me sometime to learn that CMC gathers info from 20 different sources and gives average price of Bitcoin. There are rumors that CMC uses his repute to manipulate price of bitcoin or other coins (which I cant confirm). The point is we must know the reality of source we are following. Like if I am using CMC to check price of Bitcoin then I should have knowledge that Bitcoin gathers Bitcoin price from 20 different sources.

Short term profit can be so convincing to opt out of the market once you see your saving value increases. You tend to feel obligated to exceed the market in fear of loss in the future if the market doesn’t continue to grow for some time. When you have decided to invest in bitcoin, you shouldn’t have such mindset again, because it will limit the profit you are going to get and make you feel like long term investment won’t be a profitable one for you. If you want to make a good profit in bitcoin, have a mindset to invest for the long term and not short term.


No one can tell whether bitcoin price will go up in price or go below a certain price, everything is just market speculations that when you want to always follow them, at some point you’ll be misled and miss out on good opportunities to buy. Before, now or later is still a good time to buy bitcoin because no one can tell what the next price will be. About the high transaction fees, you can still purchase some of the bitcoin you wish to now, since you don’t need to spend them now, anytime the transaction gets approved it is still okay since you’re buying from a friend that you know and can’t cheat you or change the receiving address later.