Topic: Buy the DIP, and HODL! - page 409. (Read 108308 times)

I'm not surprised by that at all, because I also realize that many people are just taking advantage of the bullrun to make a "quick" profit without having to wait long. But are you sure they are just doing that without trust in bitcoin? I mean even if they do that kind of thing (buying on a bull run) they are just taking advantage of the right momentum for them to enter. I can say they don't have the mentality or don't want to wait for a long time to make a profit and they prefer the short path even though the profit may be smaller than those who buy from a bearish market situation.
Maybe here I can say that only strategies are different because among us must have different reasons.

I make regular purchases often but the only reason why I have such nerve is the trust I have in Bitcoin, nothing else. This means that if it were to be another asset that doesn't have the tradition of halving and people's belief in Bitcoin, I would not dare it because as an experienced trader, I like the market to guide me rather than taking the risk. This cautious approach applies even if I have much money as the rule of "no matter how the market goes down, it will bounce back" has failed many. Some would also wait and wait in vain for decades without success in their shares according to my experience. This is why I like to only hold a bullish market and opt out when the market is bearish to cut loss. This will certainly reduce risk and give more trading precisions.

But for Bitcoin, one can truly continue to DCA or do something similar to what I now do instead. Like myself, I've stopped DCAing if the true definition of equal division is to be observed. What I do now is to continue to inject my spare money into Bitcoin instead of saving it in a bank where it will be useful to them but almost useless to me. This has really helped me to save a lot and continue to increase my store of Bitcoin. It has also helped me to stop unnecessary spending as I watch monthly how I own more Bitcoin and think every day how rich I will become in the next 2 years or thereabout.

Its not wrong with investing or buying aggressively with bitcoin during still in the right time and Bitcoin in lower price, there are not difference between aggressive buying or panic buying when hype moment with bitcoin. Needs smart controlling when have to buy or invested in bitcoin because unpredictable thing later with bitcoin will drop actually investing when bitcoin in higher price. Current bitcoin price, we must be smart when investing in bitcoin and need researching about right time for investing, don't be panic buying or aggressive for investing in Bitcoin because  depend with much experience mistake did when investing in bitcoin without smart analyze.

If have much fund, spent few kinds of bitcoin price for investing and I did this method when purchasing bitcoin each 30% of fund and have difference price.

Yes. I think the market is gradually heading towards the downside as Wind_FURY said before and regarding the options he chose it is his absolute right to earn bigger profits if the price recovers.

Regarding your method and suggestions above is another effective investment strategy for buying but depending on one's financial goals, risk tolerance and market knowledge whether they want to use it or not, it's just that the lack of costs is a bit draining because for regular purchases.

I appreciate your focus on managing risk when dealing with Bitcoin. Let me add to what you've mentioned. If you're an investor aiming to reduce your risk, you might want to consider Dollar-Cost Averaging (DCA). However, using this strategy means you're less likely to make really big profits but also less likely to incur losses. On the other hand, if you're looking for a higher potential to make substantial gains, you can opt for a lump sum investment.

If your goal is to slowly accumulate Bitcoin while minimizing risk, even if it means having a smaller amount of Bitcoin in the end, then DCA is a good option. For most regular individuals who want to gradually build their Bitcoin portfolio, DCA is a wise choice because it allows you to get a reasonable amount of Bitcoin based on your available investment funds. The choice is yours to make based on your financial goals and risk tolerance.

Your absolutely right buddy.  I'm actually enjoying the waiting time. It lets me make plans and gather more Bitcoin. Plus, I'm using this time to learn from contributions here, and I have to say, dealing with Bitcoin has made me a lot smarter than i was. So, my advice is to be patient. In a few years, you'll see some huge gains. I've been through several cycles in the Bitcoin world, and I can tell you that if you're patient, stay strong, and believe in it, you'll be handsomely rewarded.

The longer it takes for the next bull run, the more time you have to buy it cheap. So don't wait any longer, just rejoice in how cheap you are buying it now.

This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm

It sounds quite interesting to be a little more aggressive than the purchases we made at the previous stage. Yes aggressive decline is the right momentum to buy aggressively in raising the budget level maybe 2x bigger than what we have done. But at this stage we already did at the start of last year when Bitcoin hit a low of $16k. Being above $20k of course I still like doing it the DCA way.

But know that buying aggressively creates a bad thing if after you make a purchase and the price of Bitcoin continues to fall and you run out of budget to continue doing it, of course it will cause regret, right?  I think just do it DCA and for sure you will be better prepared at whatever point you buy it and you are also ready to face all kinds of declines because you continue to make purchases gradually.

When you dont have anymore the funds and you do see that there's a good spot or opportunity to get in then you might be ending up on getting some loan or borrowing money which its never been that recommendable on doing so. There's no such thing about unlimited funds and for us risk takers or to those who could really be able to afford on losing if ever it was a bad decision will really be finding ways on having funds to make yourself getting in into such opportunity. The only shocking thing for me is that why is there people who do really that get surprised if ever the price do make out corrections? without even trying out to realize that recovery would really be next in line. Making some DCA action is something that would vary on certain investor or trader since not all would really be that thinking whenever there are really that opportunities and also funds or money is just really that limited.

When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

Both buying strategy is good to use on accumulating bitcoin. Personally,i feel that the DCA method give one more opportunity to accumulate more than buying at lump. Although,this also depends on the cash inflow and how consistence it is. I am someone that i have a regular income on a fixed amount and with this,i have the opportunity to always DCA the moment i get paid,because i have strategise how to use the funds. I have an investment that do pay me annually and what i do at that time is to use 80% of the funds to buy bitcoin at lump,since i can survive without that funds because it is like an extra cash to me. When i haven't known about bitcoin,i use the cash for loan so that i can get an interest from it,when the time dues. After i got to know bitcoin,i decided not to borrow the money out for 10% interest,but rather i invested it on bitcoin,so that i can get my profit from bitcoin instead in fiat. I intend not to sell off till i have reach my bitcoin target,which when i did my calculation will be in 6yrs time,if there isn't any unforseen obstacle in my bitcoin journey. I have also put into consideration that should incase i face some challenges along the line of my accumulating period,i will just hodli,till i overcome it. This means that i will take me more than 6-7yrs for me to reach my target bitcoin investment portfolio. If i could look into the future and know when bitcoin price will dip,i would love to keep such funds and buy at a lower price so that i can get more bitcoin but i might end up missing out,if the price didnt dip. With DCA method,you secured and dont need to panic because your investment portfolio is growing. Management is important for a hodler because it will enable him to be flexible with the cash inflow,when to buy and lump and when to DCA and when just to hodli and wait.

I cannot completely deny or even avoid that well-planned things sometimes fail due to unexpected obstacles. Management is certainly necessary regardless of how much it is needed in the long term, I would also like to call it complex because management is not only about budget but also about risk management and psychological management.

The different financial strengths of one investor and another can differentiate their way and approach to investing. If I had $100 this month, then maybe I'd like a lump sum instead of DCA. But if I have $600 - $1000 then of course DCA is a good approach for me. It all depends on each person's finances, that will differentiate each other.

Well, we know that holding for the long term is really what matters, so it is not always clear how much management would be necessary at the core, but some of the problems (and maybe challenges) come from having a cashflow that is coming in and the fact that we did not necessarily have a lump sum (or credit that we want to use on bitcoin) that was available to us at earlier dates, so as the money is coming in, we have to decide how are we going to spend it... including that maybe we have $100 to $800 per month that is extra that we can spend on bitcoin, and maybe it largely ends up being less than $100 per week, but at the same time, every once in a while, maybe once or twice per year, we get some kind of an extra lump sum payment of several thousand dollars that maybe we can consider towards investing all of it into bitcoin as a lump sum, or we might want to strategize with it... even though financially it might not be exactly clear if we might be better off just lump summing right way...

and the same is likely true with maintaining our BTC portfolio once we might have reached our accumulation goals, and then we are largely maintaining, but at the same times we are teetering between wanting to accumulate more and wanting to cash some out.

Thank you for reminding me about the investment strategy that I have implemented so far. Of course DCA is an investment method or strategy that is worth recommending to anyone, even though DCA is not liked by all investors. I do as much as I can, all for long term goals.

Basically the strategy doesn't benefit investors, it's how they buy, but when you are able to ignore the volatility and hold it for a long period of time until you sell at a higher price, that's what benefits you. This means that good investment management is what will make you successful in generating profits.

Sure mate this picture is a perfect example of what you are saying:

Bitcoin has not really shown us the actual movement, is just consolidating within some levels which nobody knows if it will remain that way till we enter bull Run, so this is actually a good time to bag some amount of Bitcoin because if it eventually starts a bull Run from this price you are surely traveling to the moon with your bag of Bitcoin

You both have spoken well, now that it is believed that we are in the dip with the current market price, don't be surprised that this may not be the last we are going to have until we arrived at the bull season, whereas we may also finds it the least bear we may have before we begin to launch into the bull market as well, what now should be our main focus, we are to take every buying opportunity as an investment considering the all time high we ever had, where we are presently and the proposed future bull market coming soon, you could actually see that if one should invest and buy today is never a lost because we can keep expecting bear henceforth and be seing bull, which means the market is totally unpredictable.

I am not even sure if I am just doing me because I am trying to suggest a kind of variance of bitcoin accumulation methods that would depend on the individual situation, and you seem to get so caught up on price predictions, that your technique seems to devolve into gambling if it were applied to everyone.. and yeah you have the luxury of having had been accumulating bitcoin since 2016, so you can wait and still be prepared for Up, while someone without any kind of meaningful BTC accumulation may well need to consider ongoing accumulating of bitcoin rather than waiting around for BTC prices that might not end up happening.. and that results in failure to invest as much as he should have had invested.

I cannot tell anyone when they start to have the luxury of being able to wait, and surely I have not really been employing any kind of strict DCA since early 2017, and maybe I even stopped in early 2016.. It sometimes can be difficult to figure out exactly what any  of us might be doing when we employ a variety of techniques and sometimes trying to figure out whether any new money is coming in or not... which surely I ended up feeling that I had to bring some new money in between about June 2022 and January 2023 based on the then BTC price dips that went way beyond expectations... so in that sense, I suppose that I am contradicting my own statements about not employing DCA since 2017, since I brought new money into my budget in between June 2022 and January 2023 and placed that value into buying on dip slots.. so that might not even be characterized as DCA since it was plugged into dip values even though it was new fiat coming in to support the then shortages of fiat in my bitcoin investment portfolio.


You would buy if you don't have any bitcoin and you would also buy if you have a lot of extra fiat, and there might be other reasons that you figure that you cannot gamble on the BTC price going down so you might choose to spend part of your budget now and save the other part just in case the BTC prices crash.


So you are saying that there is a chance that markets will not crash?  That would be another reason to buy some BTC now rather than waiting.


There is also nothing wrong with doing both.  DCA'ing and saving some dry powder for dips.

It will surprise you to know that many people joined Bitcoin for the hype of bull run and not because of their believe in Bitcoin. To them, they just want to make huge profits over little effort and short time and these are the people that bought at the peak and some of them end up in agony during time of dips; agony because they were not psychologically prepared to handle periods of dips and consolidations. It is usually a matter of time before they truly understand what they got into and from then forward some will take the time to study the trend, the tech behind Bitcoin and how best to approach the market while others will sell at loss and live to rue their actions. If you are active in social media, you would have seen some people narrating their ordeal with Bitcoin; how they lost money and all manner of fud.

Well, the longer one stays in Bitcoin, the calmer one gets because times somehow make us understand the possibilities, potential and the future in Bitcoin. So I always advice everyone to give it time.

TBH even a pleb who has been dollar cost averaging bitcoin is now in profit no matter when they first started DCA'ing as long as they maintain the frequency of purchase. I know the chart shows summary for daily DCA'ing but it still works well for weekly or monthly depending on plan. You should know what you can afford to invest in the next 12 months. Then divide that amount by the frequency you want to set (weekly, daily, whatever). Set automatic orders and that’s it.


As a bitcoin investor I believe you should be acquainted with the fact that the economic state of our country does not do us any good but rather make things difficult. Just take a look at current regulations and discussions in Europe regarding btc/internet. As long as people in power see bitcoin as a threat and deny progress, I don't think there will be major changes. Sure, they can't stop Bitcoin because there are lots of enthusiast like you and I, but they can make it a lot more uncomfortable for all of us. So, we should be focused and removed fear that might affect our strategies.