Topic: Buy the DIP, and HODL! - page 381. (Read 137490 times)

Also depends on how they understand the situation since if they don't know everything and just buy because the price of bitcoin dumped then there's still a huge chance for them to lose since maybe the situation has not done yet and there would mo more dump to come. This is why we should know how to asses the situation and now how to read the chart since this is important thing we need to have to know and get into better position.

A trader must know how to do technical analysis for their own and they don't rely on hype so that they can potentially earn and not guessing base on situation. It can really frustrate us if we lose that's why we must be smart on each decisions we do.

IMO opinion. DCA would continue to be the best strategy for beginners because it does not require much explanation to understand, nor does it require any experience to be successful; all I have to do is divide my allocated amount for investment into parts and set an investment interval that works for me.
When I first started utilizing DCA, I didn't even have a consistent source of income. What I used to do was accumulate my money throughout the month and then assign some amount to DCA. I'd set the interval so that before that amount would be exhausted I would have gotten new income to invest again.
DCA, Its stress free, its comfortable , its every beginners choice.

Understanding, investment objectives, strategy, correct mindset, budget sources, time frames and investment and financial management are some of the interesting points that a potential investor needs to have. You won't necessarily be able to invest safely without sufficient knowledge, and you won't get a commensurate return if you don't have a goal for what you invest.

The basic concepts certainly need to be learned regardless of whether they are beginner investors or experienced investors. However, the difference is that both of them have different experiences and knowledge for this asset whose value fluctuates. The success of an investor depends on how they have understanding, strategy, financial management, investment management and risk control, so all of this must really be learned in order to be successful in investing.

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

Sir what you've said is true, cause as I myself Continue to put to practice what you've taught I find out that at the end of the day I can only make decisions based on myself and despite the information and advice we get here only we ourselves can know what can work and would not.

Yes and we can't know everything from before we start until we have started and then those real experienced questions can be asked,  trying to figure out everything before starting would just cost you time and you might end up knowing nothing at all cause you haven't practiced, especially thigns like figuring out the best allocation to invest in bitcoin and the size of emergency funds we need to build. I'll say the best way to grow here is by practical and actually been involved I the journey as a holder, I've not even figured out what to use my holdings for when I've reached my 20 years target or why I am even doing this, but I'm just enjoying the learning process.


I think the best way for me to back up such a whimpy plan is to have another senerio that I would also invest in or put efforts in as you said if things go sideways, if I could remember correctly in your recent contributions here you once said something about putting our efforts in terms of odds of a senerio actually occurring and put our efforts likewise, like if it has a 1% chance of happening we also put 1% effort towards it, so we could take actions that are proportional to the possibility of thigns that could happen In a particular frame, so since in my case I'm think of front loading with expectations of a bullish that i feel would occur anytime soon, which might or may not happen, since we have known that everything happens based on probability.  

And this senerios I would be making this time are based on facts instead of my normal assumption senerio where I'm just preparing ahead of what might happen in the market, but since I'm still an early investor knowing my major aim is to accumulate more bitcoin than anything else, yet I just still feel taking advantage of the possibility that thigns might go bullish is not such a bad idea, but to be safe an not to FOMO I should have another senerio that would be backed by facts like the 2 more ups and 1 more down, but I think I have to take some time to learn about this first.

And also before now I didn't actually consider thigns like 4 year cycle history or bitcoin occurrence, and I think these are things I should consider too, and also keeping in mind that they are also possibility that they could reoccur and I can make senerio around them too.

I think anyone could build this up a little by chunking down our Monthly expenses more, I've tried living on a budget, but the only Pitfall is I have to retain myself for some enjoyment just to meet up with my investment


I agree with you, investing in bitcoin is not rocket science, even an uneducated person can do it and still be successful, its all about your ability to hold without selling out earlier or cause not panic, and that's why we need to know how to keep ourselves from such situations by building ourselves in a way that touching our bitcoin holdings is not an option and accumulating untill we have reaches the time we set before we maybe start adding more strategies.

Bitcoin is for all, but not everyone is permitted to engage on doing what is nastic that might caused him the loss of assets when he's not sure of what he's doing, many of the people you discover today making complaints on loss of assets due to some reason were part of those found under this category, it is very simple, if you must use bitcoin, then learn to understand how.


Buying is as simple as drinking a cup of water, nothing is difficult in that, the same way those that lack the knowledge about bitcoin will finds it very easy to loose their bitcoin 2jen they just buy and have no idea on what next, before and after.


Not your keys not your coins, maintain a good security and privacy.

Bitcoin investment and hodling is for all both the knowledgeable, semi knowledgeable and those who are not very knowledgeable. Provided you know how to buy bitcoin from a cex or Dex and also know that you are to keep your wallet key private, then you are good to go. What is important in bitcoin investment is just following the established principles that are required to successfully hold your bitcoin for the number of years you intend holding. There is no special knowledge needed to own a bitcoin, as you are not feeding the bitcoin or solve any mathematical problems before holding bitcoin. Buying and holding bitcoin is not a rock science that only genius can do, it is open to all. What is important is the ability to hold your bitcoin for long.

Yeah you are right sir as someone who is new into Bitcoin it will be of a great importance for him by paying attention to study the investment very well because through the study he may figure out other strategies that will be of great beneficial to his Bitcoin accumulation but however I believe that is always advisable for someone who is new on Bitcoin to start accumulating Bitcoin while he is learning about Bitcoin because the reason why I'm saying that is because most people are normally propelled or attracted the more when they are seeing the practical aspects of what they are learning because with that method there mindset and perception on Bitcoin will be improved and perhaps the person could start with any amount that would be suitable for him, even if is $5 or $10 weekly he could start from there maybe as time goes by he could decide to increase his accumulation amount depending on his investment portfolio.


Perhaps you could be right because so many investors especially the new ones always have the fear of losing out of the market, which has regularly affected so many investors because they believe that with the potential of Bitcoin the only way they could enjoy there investment is by putting everything they have and along the line they get affected. So perhaps coming to know about DCA strategy became a game changer for them because they were able learn about ways they could keep investing on Bitcoin on a regular basis with free of easily getting in trouble on the process.


I agree with you because Media has been one of the factors that has affected so many new investors mindset do to wrong information about Bitcoin because the reason why it affects most investors is that as people who doesn't really no much about Bitcoin they tend to ask questions and also go to media to no more about Bitcoin and if perhaps they got a very wrong information about Bitcoin investment from the site it normally influences there judgment on Bitcoin, that's why is mostly encouraged for most people who are new into Bitcoin to focus on there accumulation of Bitcoin and remove there mindset from media.

 Every dip is an opportunity for every investors, but it all depend how was the situation affect your deliberation to acquire enough profits. It is too risky to decide, but we have to take the risk if we are aiming to earn enormous profits. Don't be doubtful for every decision you have take, it is about a strategy you created, if you want to earn then spend time to keep holding and if you are doubtful then do not invest, it may frustrate you and lose you as well.

I have discussed such topics before :- https://bitcointalksearch.org/topic/m.63566680

Of course, we should not invest the entire fund, problems may arise at any time, and leave some cash to solve those problems. Because bitcoin holdings must be for the long term. If you sell your Bitcoin holdings because you don't have an emergency fund in place, you could lose more. It is best to invest in DCA method. If he invests 10 to 20% of his income every month in Bitcoin by DCA method, he can easily fulfill his dream. So then, you never have to close your Bitcoin holdings and you can solve your emergency problems and live very well.

I like your investment strategy but invest 25% of annual income and that investment amount is very minimum, I think the targeted DCA strategy might be 10-15% of the accumulated price of wealth, the DCA target estimate will be achieved in 2-3 years, I have implemented that strategy for personal purposes and I have reduced savings to increase assets. I think it is worth sharing with other investors if you want to hold large amounts of assets for the target of profit accumulation when the market reaches ATH.


Some people implement wrong management in financial budgeting so that they prioritize spending/discretionary funds without increasing the allocation of funds for savings and investment, they will not have high assets for their crypto portfolio because they do not focus on future asset profits and they will realize mismanagement finances when the crypto market has reached ATH, the main mistake factor is because they are not sure about investing in crypto and they are too afraid of losses from market corrections, another influencing factor is that monthly income is still low so they do not allocate funds for savings and investment. The solution to this problem must be to increase they must increase their monthly income from other jobs and they must start making small savings consistently from their monthly income, if they are used to budgeting funds for savings then they will look for other solutions to grow the value of investing in bitcoin.

This thread does not support investment in altcoins. I have told you before to read the comments that are posted here so you will know how to communicate here freely without spamming this thread. Investing in altcoins is not a wise choice to make as a newbie because you will lose all your funds to scammers who will develop a pump-and-dump token just to scam. As a newbie, you can invest in bitcoin with the DCA strategy at regular intervals, and the DCA strategy will help control the volatility of bitcoin in your bitcoin investment. For instance, if you buy your first bitcoin when the bitcoin price is $40k and the second at $42k. If the Bitcoin price dips to $39k, the one you bought at $40k will make up for the one you bought at $42k, and you will not be at a great loss.

Not that the people who run the mainstream media don't have faith in bitcoin. You have to understand that those Media houses are doing their business and the more they criticize bitcoin the more traffic they generate in their channel. This is a well calculated moves and they know what they are doing. You know most of the world population don't have bitcoin yet and many don't even believe in bitcoin and they are looking for every negative news about bitcoin so they can comment and share their negative views. Most of these negative news are sponsored buy some whales who wants newbies and weaker hands to sell off their bitcoins so they can buy cheaply. It is left for you as a hodler to quickly understand these tricks that they usually use the media houses to manipulate the market.

Basically, this is one of the advantages that the DCA strategy has, as we know that DCA is a strategy that makes it easier for all individuals involved in bitcoin investment especially for those beginners who have just come, lack of understanding and experience is always the cause of delays as you said and this is the reason why the DCA strategy exists to make it easier for everyone who wants to invest without having to wait to gain a lot of experience because obviously it will take a lot of their time, But I am not saying that you don't have to learn, the point is that you can start investing in bitcoin by using the DCA strategy and on the other hand you should also gradually learn about the world of investment because after all having knowledge will make it easier. As you said that bitcoin will continue to grow and there is no stagnation in terms of the nature or habits of the market, meaning that there will be a delay that is not really needed because there is already a DCA that can overcome this.

Therefore, as the main point in our statement above that it is better to start investing as early as possible because there is a DCA that we can use and take advantage of and as I said above that in addition we run the accumulation of course on the other hand we also have to learn while learning to increase knowledge and experience so that over time we can experience improvements and changes for the better until we can achieve the main goal of consistent profits, but on the other hand the advice is still that we should not ignore some important things such as risk management so that we can stay safe on the journey.

We understand how difficult it is for newbies to make decisions because we too were once newbies. Courage is the most important thing in investing, if an investor starts his investment without courage, it will never become an investment. Those who know about investment and those who are interested in investing should dare to start their own investment. Not only in investing but also in many other fields I have had such practical experience that a little bit of courage has helped me to do my entire job well.

I was afraid to travel by sea even though I knew how to swim and I always used to travel by sea but my personal needs one day made it a necessity for me to travel by sea. At that time I was afraid but I decided to go by sea with a bit of courage in my mind and since the first time I took a bit of courage to go by sea it has become a very easy thing for me. Now I don't need to think about going by sea, I go by sea without hesitation. That is, if I hadn't made the bold decision the first time, I would have been afraid to set sail by now. Similarly there are investors who are going to start investing but haven't started investing yet they will initially fear that something bad might happen to them if they invest money. But if they start investing with the amount of money they have with a little bit of courage, then the different ideas they have towards investment will disappear and they will be able to easily adopt the investment.

I don't think people who are currently investing in Bitcoin think the current price of Bitcoin is expensive because if they thought the current price was expensive they wouldn't have invested. But your assumption is correct that there are many investors who are considering the current price as the maximum value and those investors are not investing now. I agree with you that no matter what price condition we invest in we can never assume that we are investing during the peak price and the market is unlikely to rise from this time. We can't have such an idea at all but we can have an idea that we are investing consistently and at the end of certain period this investment will definitely give us something good. Since our plan is to always hold bitcoins deeply, we will only buy and hold bitcoins, which is the most efficient way to invest.

When investors invest in the initial stage, they have a target level that they will hold the investment for a certain period of time, while there are some investors who only want to hold bitcoins deeply, in this case they do not have a fixed time frame. The initial few months after investing in Bitcoin are the most challenging for an investor and investors who are able to hold onto their investments during that time will definitely hold their investments deep. If the investor can hold his investment for one year in the initial stage and he can invest continuously for this one year then he will understand the fun of investment and he will hold his investment for a longer period later. Since there are some simple investment strategies, investors can now comfortably hold their investments and continue to hold them for a long time.

I can tell you for a fact that Knowledge is not all you need to hold Bitcoin. You will be surprised to know that most experts and tech savvy guys are not holding large chunk of Bitcoin, not that they did not meet Bitcoin early but their vision is just as limited as those of others who do not have the expert knowledge they have. What is needed to invest in Bitcoin is just the basic knowledge and not expert knowledge like many people think. However, expert knowledge is good but it does not guarantee that it will make someone invest in and hold Bitcoin better.

I agree with you, the mainstream media is basically run by people who do not have faith in Bitcoin. The have this special way of amplifying the risk associated with investment in Bitcoin, it will really be difficult to be active listener of those headlines and still have confidence in holding Bitcoin for a long term. Well, since I started the DCA method, I'm no longer bothered by those news because I have done my own research and drew my conclusion about Bitcoin which have proven those experts wrong on several occasions.

Basically, the DCA is a very important strategy that ought to be adhered by any beginner who wish to explore in the long term buying and holdling of Bitcoin which is a more profitable way in Bitcoin investment but however, the causes of the reasons why most beginners fail during their investments journey is as a result of procrastination rather than taking the risk, they would rather begin to imagine some negativity and uncertainty in the course of their investments without being optimistic that they would actually reap the dividends of their investments in the future though anyone who is new into any form of investment is always afraid which is normal because since you are not familiarize with how the system works so definitely you won't be too forward until you've experienced notable success.

If any investor wishes to reap a long term investment benefits then looking beyond the headlines should be the priority of such an investor because if they keep looking at what is being said about Bitcoin all day then actually they can run into some random news that will destabilize their state of mind and insert fear in them which will lead to not fulfilling their investment objectives and goals.

I don't agree to this because I just stated it clearly that the DCA strategy gives room for non expert (that is someone that doesn't have a enough knowledge) to invest in Bitcoin and have more knowledge in the process of investing and it has always been said that you don't need to have enough knowledge before investing in bitcoin, Bitcoin is a fast growing asset with innovations and trends that waiting to have enough knowledge of it before investing will lead to procrastination and you will never invest.

Having the enough knowledge you are talking about will only come when you are already in your accumulation process and on the other without self conviction and confidence you can't invest even if you have the so claim enough knowledge.

I would say for newbies  in crypto currency investment, if you are interested in investing in crypto or altcoins, you should first get advice from experienced people. Then it is important to gain experience from them. Then you can protect your money from loss.

As, I am new to this platform. I am currently trying to gain experience from an experienced person and raise money for investment without any investment involvement.

If you are interested in investing in Bitcoin, then at the beginning you need to know all the information related to Bitcoin. When was Bitcoin, how was it invented, what was its value and what is its future in the coming days? I think it is necessary for newbies to know these. I think it is the right time for you to invest in Bitcoin when you are able to acquire all the information

A long term plan is needed to increase bitcoin funds. If an investor wants he can increase his investment up to 10% of his income or up to a maximum of 30% as per his financial condition. Bitcoin investors must keep in mind don't invest there which has to be withdraw before the expected period of time. Those are making such investments must reduce the amount or they can full fill through other sources. Investing in Bitcoins is not as a get-rich-quick scheme its need time. A bitcoin holder must follow the DCA and plan long term, he can easily reach his desire goal. I don't discourage those who want to put all their savings in Bitcoin because Bitcoin can definitely take you to your expected level but you have to be patient. If you can keep your savings in Bitcoins apart from your emergency expenses then you will be more profitable in Bitcoin than any other investment in the long run.