Topic: Buy the DIP, and HODL! - page 414. (Read 137181 times)

I see this as something that will make an investor not accumulate his Bitcoin comfortably because the investor will be saving the fund that He/she is supposed to use and settle his financial challenges and use it to buy the Bitcoin dip. Instead, an investor can reduce the amount of money he/she wants to use in accumulating Bitcoin through the DCA strategy and save the remainder to use and buy the Bitcoin dip. For instance, if Johnson is supposed to invest $50 every week in Bitcoin, he can invest $40 and save the remaining $10 to use and buy the Bitcoin dip.

The market at this point require some level of flexibility to be able to navigate through because the uncertainty are just too much. Take for instance, many people jumped into the market with the hope that the ETF approval will make price to skyrocket. Unfortunately, those who did this are probably in tears because some of them will sell and take their losses while some will still be holding hoping things will turn around.

Because of things such as we have seen in the market lately, using the DCA method is surely the best practice because those using it might not be caught up in the funny market behavior. They would have already entered some of their positions when the price was still very low and will not panic when the ETF minor pump and huge dump happened.

Anyone still doubting the effectiveness of the DCA method is not helping himself. Buying the dip is good provided the intention is to hold for long. Some people who bought around $45,800 thinking that was the dip are already seeing price go lower and continue to go lower. That means what seemed like the dip is not actually the dip.

I believe that if an investor see bitcoin as what he should have and make it part of his life that he has bitcoin investment even in old age, it will be more easy for that investor to forget about selling all his bitcoin portfolio when he has reached his bitcoin target. Instead he will only be taking little profit time to time as the price of bitcoin increases over time, to diversify into other asset, just like what you use to call the maintenance level. It is investors that don't have the foresight of value that bitcoin can add to their lives in future, that thinks that bitcoin investment is only to accumulate to an extend and sell majority of their bitcoin portfolio for fiat.

Yea, you are right. We don't need to be discouraged in accumulating bitcoin and increasing our portfolio size because of the current high transaction fee or high transaction fee in future. This is anyone buying bitcoin in little amount using DCA weekly, should pile up his bitcoin in an exchange until it has reached from $500-$1000 before he makes transfer to his private wallet so that UTXOs will not be smaller.

High price shouldn't be what will discourage any newbie who is still in his accumulation phase, as long as he is using DCA method. The only thing that should make a newbie not to buy for that week should be because he doesn't have the money to buy at that time and if he has the money next week, he can double his DCA amount to two weeks purchase.

This is why it is good that an investor should have prepared himself on how he can accumulate bitcoin at the dip, when he is using DCA method to buy regularly, by saving some money aside from his bonus or unexpected funds that come his way, so that he takes advantage of the dip when it comes and use such funds to buy bitcoin at discount price.

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

For newbies, it is better that they get started by buying bitcoin at the current price using DCA method to increase the bitcoin portfolio size and shouldn't wait for the dip, especially those investors that have little amount of bitcoin in their portfolio. JJG is someone that he giving the best way and method that a newbie can start his bitcoin journey to a greater height, even though he has reached his bitcoin target and is even in the right position to wait and buy at the dip.

@OP, I believe that your bitcoin portfolio size has reached a certain height that you believe that waiting and buying at the dip is the best strategy for you, but this is not the best strategy for most of us that are still new in our bitcoin accumulation journey and this is why you see that JJG is emphasizing on DCA method to guide us and reduce the risk of tension in the market, because bitcoin price is unpredictable and nobody knows when the dip will come. The rules is that new investors should keep on accumulating with DCA method not to distract themselves with the volatile nature of bitcoin.

Yes, it is true, and on average this strategy is more widely used and recommended for those who do not have large capital at one time so it is clear that the existence of DCA really helps all circles, with this strategy now not only people who have a lot of money can be involved in the accumulation of bitcoin but people who have medium to low finances can also be involved because of the system of putting the amount periodically and also with a low level of risk.

On the other hand although this is very good but I think it will not always be that easy to be able to realize dreams at the end of the engagement, you must really have very good planning and management of your bitcoin accumulation, even though you use DCA which as we know this strategy is easier but on the other hand if you don't have good management of the following finances by still not being able to be consistent in doing it I think you will not be able to get the maximum results, The key is to consistently put money on bitcoin periodically, it can be once a week or once a month, it's all up to you if you have been able to plan everything including by preparing a budget for your DCA allocation at any time then I think everything can go well. What must be considered and prepared is, in terms of dividing money, first separating the money for living needs and another thing is that you must also have personal savings outside of your bitcoin investment, the reason is that you will never know what will happen in the future, it is very possible that you experience something unwanted that forces you to spend money, not infrequently people who fail in their DCA method because they do not have good planning and preparation.  So if you have a personal savings account, if something unexpected (that requires money urgently) happens, you will not disturb the money for your bitcoin accumulation budget because you have prepared a personal savings account to handle it.

DCA is an effective investment strategy in reducing the risk of loss. To maximize profits from the investment you make, you need to implement the DCA strategy more effectively by doing it in a disciplined manner and determining the right investment time. The increasing price of BTC will certainly test your courage to apply the DCA strategy consistently, but who can predict market movements, your worries about the Bitcoin price are still gray, maybe BTC will continue to increase and you have lost your opportunity in that period.

Timing in the DCA strategy is very important to maximize profits, apart from investing at the same time periodically, you can apply flexibility in this strategy. If you feel that price changes will occur, you need to change the time of investment. If you usually invest every week, now try to do it every month. If no correction occurs while you are waiting, you can immediately increase the investment amount because it is likely that the BTC price will increase again.

Admittedly, the DCA strategy helps investors accumulate bitcoins. If you invest in the DCA method you are accumulating bitcoins regularly. Just take the risk to accumulate bitcoins first and then invest in regular DCA method and your dream will come true. Investing in the DCA method only saves a lot of investment according to the average of the previous purchase and the current purchase of Bitcoin. This is why the DCA method is so popular with investors that thousands of investors have found their success.

But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.

One thing we must know about the DCA strategy is that it doesn't mean we are going to buy Bitcoin at a low price all the time. Since we have a fixed amount to invest in Bitcoin at regular intervals it does not matter whether the price of Bitcoin is high or low. As a result, the investor will be buying less of Bitcoin as the price is relatively high, and buy more of Bitcoin as the price goes lower. For instance, an investor can decide to invest in Bitcoin with the DCA strategy. His first buy can be 0.0373 BTC, and his second buy 0.0333. The DCA strategy can make investors pay less to accumulate Bitcoin.

I think using a DCA strategy is a good way to invest in Bitcoin or other risky assets. With DCA you set a schedule to buy regularly. This helps reduce the risk of buying when prices are high and lets you buy when prices are lower.It is a more balanced and discipline way to invest instead of trying to guess the best time to buy.
And matching the investment plan with paycheck can offer a practical and easy way to put money into Bitcoin. This guarantees that people are investing an amount that they can afford and not putting their everyday financial requirements at risk.
And by continuously purchasing Bitcoin at different prices the average purchasing price will likely decrease. This will be good and the entry point will change.And keep in mind
that the past performance is not indicating of future results and we know that cryptocurrency market is highly unpredictable.

When you use DCA method to buy bitcoin, no price will indeed be too big for you because that’s the reason behind the DCAing. For many times if you’ve started DCAing for long, let’s say maybe when the price was less than $20K and you’ve been consistent with it maybe weekly, monthly or every quarter year, you would have gathered a lot of bitcoin that when you still buy at the current price, the average price it would have been that you bought each of the bitcoin will still be less than $30K. With this, you would have accumulated more bitcoin than the person that is still waiting for the price to drop to $40K to buy the dip. If the price dips or doesn’t dips, you would have reached your target or still look to buy more to lower the average price of each bitcoin in your portfolio more.

If anyone has been in this space for a very long time, they should by now know the relevance of DCAing over other methods that you can use to accumulate bitcoin. You don’t need to fear or panic using this strategy to accumulate bitcoin, just be focus on what you want. The market is very volatile and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.

No one knows when the price will fall, stay at that price, or even rise. Using DCA means there is a schedule that we make for buying Bitcoin. There are many ways to determine this schedule, such as he can use the time to buy once a week, once every two weeks, or even once a month. The important thing is that he regularly buys Bitcoin on his schedule and saves it.

Many people spend once a month investing in Bitcoin to fit their salary. This method works well for those who work in offices because they can adjust their salaries and allocate their salaries according to their location. They can determine how much money to use to invest in Bitcoin. The important thing is to stay within the amount of money you can afford because you must still meet your daily needs.

The price this week can often be lower or higher or only slightly different from last week when we bought. And with many purchases at many prices, our average purchasing price will decrease. That is our advantage.

When buying through DCA, you do that at different price of level, both price increase and price decrease. No price of BTC is too high for investors who are buying through DCA. When you say that now price is over $40k and it's too high and you will wait for price to drop, do you know how long it will take for this happen or if it will drop to your range of expectation? Those who are waiting for the price of Bitcoin to drop below $40k are still waiting and no one knows how long they will keep waiting. It might take them forever or it might not, who knows? In summary no price is too high for DCA method, you just keep buying at different prices.

This topic can indeed be a guide to several other guidelines in several other sub-forums too, because for someone who is looking for guidance and knowledge about Bitcoin, they must have several topics that can be relied on to increase their knowledge. And here the discussion about Buy Dip and Hodl is also widespread enough to make most people understand it better, especially new people who are looking for more knowledge about Bitcoin and how to look after it well.

Here all the strategies for long term investing can be learned easily. Because there is an experienced person always monitoring Jayjuangee he always gives positive idea about DCA method and all bitcoin investors. Then the advice is the best for me, then according to me I invest till the present time. And I've made it a long-term investment, because life is at the pinnacle of success if his advice is really put into practice.

You are welcome mate, we are all here in this Buy the Dip, and Hodl to guide ourselves on the best strategy or method in accumulating our Bitcoin and also correct anyone who is taking the wrong step towards accumulating his Bitcoin. It is a good thing you are in this thread, it will help you increase your knowledge of Bitcoin.

Don't focus too much on the obsession for btc to increase one or 2 times what is imagined, just focus on doing what you can to increase your portfolio because in the end this will be much better than always imagining that when we invest in a certain nominal number, we will get x2 or x3 profits and so on because if something like that is done, even though it is good enough to expect an increase in what we plant, it can actually interfere with your planning.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.

Even though you seem to be using that expression (hold for dear life) in order to talk about holding bitcoin for the long term, there are many times that the expression is not used very well, and seems to try to give the impression that bitcoin is an unsafe investment due to its likely inevitable ongoing volatility.

And, surely I believe that it is near inevitable that bitcoin is going to continue to be volatile for the next 4-10 years or longer, yet at the same time, one of the better ways to prepare for such volatility relates to position size and also relates to ongoingly buying it until you reach a bitcoin stack size that causes you to feel that you have enough.

Perhaps another thing about holding for dear life is that if any of us recognize and appreciate bitcoin is likely one of the best (and probably the best) asset that we are able to accumulate and hold, then we should be careful to develop strategies around which we either do not need to sell any of it, or if we are selling any of it, we are doing so in proportion to any of the other assets or currencies that we have accumulated.. so we should have systems in place in which we make sure that we preserve our most pristine asset (which would be bitcoin or at least should be considered as being bitcoin).


I propose 1-25% as the starting investment size into bitcoin, in part to suggest that people need to get off zero, but also to suggest that they have to figure out the level of investment that they are able to do.  There are so many people who are not already into the practice of making sure that they are saving or investing, so they have to be able to transition into some kind of a practice in which they are able to save/invest and even get off zero in regards to their being able to establish systems to invest/save.   So probably a conservative and reasonable target for a newbie would be to shoot for 10% saving/investment before going more aggressive, and the more that they develop systems, including making sure that they have a robust emergency fund of 3-6 months or longer, then the more aggressive that they are going to be able to be in their investment/savings into BTC and perhaps even go higher than the top of the range (25%) that I recommend for the beginner.  

Another thing is that each person can tailor to their own circumstances, so if someone already has an income in that might be $700 to $2,400 per month and with maybe an average of around $1,600 per month and expenses that are between $800 and $1,200 per month with most of the time being around $1k per month, there may be a some months that the person could invest up to $1,400 per month into bitcoin, but most of the time their investment might ONLY be able to be $600 per month because that is all of the extra that they have in their disposable/discretionary income, which is the difference between their income and their expenses, so the ONLY ways to responsibly invest more than $600 per month would be to increase their income  and/or to decrease their expenses... and sure if their income suddenly doubled ($3,200 most months), then they could potentially choose to retain the same level of expenses (at $1k most months) and to put all of the extra money (which would be $2,200) into bitcoin, which surely 66% is a high amount to be able to put into bitcoin, but it still might not be a kind of system that is sustainable - depending on what other things might be going on in that persons life in terms of if their might be others that contribute to decisions or others who are affecting his income and/or expenses... and surely, I am NOT even suggesting to NOT be as aggressive as possible, but each of us still needs to attempt to be reasonable and NOT go so far as we end up not having our emergency fund or NOT making sure that we are not putting too much stress upon either our finances or our psychology.


If you want to prepare for the future, you likely need to attempt to figure out how bitcoin works, including if you are managing your own UTXOs, and many of us emphasize to try to maintains some if not most or all of your BTC in private wallets rather than holding your BTC with third parties.  So when we are managing our own coins, we need to know how UTXOs work, otherwise we might not realize how many fees we might end up incurring in the future, especially if we end up creating a bunch of UTXOs that have low quantities of BTC.  

I think that we need not be discouraged from investing into bitcoin based on concerns of present and/or future transaction costs, but we should attempt to learn enough about these kinds of matters, especially if we are sending a bunch of low value transactions and creating UTXOs that might become very expensive to spend in the future, which might even contribute to our miscalculating how much value we actually hold if it is expensive to transact in bitcoin based on limitations that we had ended up creating for ourselves.


I frequently try to give examples to attempt to help members to be able to think for themselves and to account for a variety of scenarios, so I am not necessarily ONLY describing what is good for me, and for example I have described DCA as the best out of the 3 BTC accumulation techniques (the other two being lump sum investing and buying on dips), yet there are surely times in which lump sum investing and buying on dips could be better, and there are also times in which we might need to think about either HODLing because either we run out of money, or we made a mistake or we have potentially reached some accumulation level goal in which we are converting to other strategies.  

The same is true for selling.  Generally speaking selling is not a good technique to use for the accumulation of more bitcoin, but guys will engage in selling, trading, gambling and they will also employ a variety of financial instruments in order to leverage their bitcoin or leverage their cash in order to buy more bitcoin, which may or may not end up being good and/or smart techniques, but those techniques are available and some people employ them successfully - yet if we are trying to appeal to the overwhelming number of normies (normal people), they are not necessarily going to have those kinds of skills to employ various financial instruments or to trade or gamble successfully with their bitcoin, so frequently I am trying to describe techniques that are more basic and more likely that normal people are going to be able to carry out in order to both accumulate bitcoin and to increase their odds of improving their lives in the future, but at the same time it is their own responsibility to figure out these matters for themselves.

An overwhelming number of times, when it comes to describing various BTC accumulation techniques, I am not describing what is best for me because I already went through an overwhelming majority of my BTC accumulation between 2014 and 2016, and so maybe I am describing some techniques that I have already employed, and maybe I am wanting others to learn how to accumulate BTC, yet bitcoin is not a ponzi scheme and my investment into bitcoin likely does not even depend upon whether I attempt to help others or to give back by providing these kinds of techniques and ideas.  

Also, don't get me wrong, I am not completely benevolent when I am contributing to ideas in this forum because I am also able to learn through participation, and develop several of my own techniques through the sharing of ideas with others in this interactive forum environment that is mostly about a topic (bitcoin) in which many of us share a variety of interests, and so that may be part of the reason that many of us are here and participating interactively rather than merely reading various related topics on the internet.


With any investment, including bitcoin, there is always something to lose, which includes that you could lose all of the amount that you invested.

So you should be considering to weigh how much that you want to put into bitcoin based on the possibility that you could lose all of it.

Another thing when you are investing you can consider both upsides and downsides, so you could calculate various scenarios in which you could lose all of your bitcoin (and the value that you invested into it) and you could calculate various scenarios in which the BTC price goes up and that your investment into bitcoin could well end up gaining in value at a greater and faster rate than other placed that you might choose to invest your money, so you could well end up considering how much to put in and how aggressive that you want to be in regards to your bitcoin investment based upon your various calculation of probabilities in either direction and also your own various factors.. such as the 9 factors that I listed in another one of my posts.

Hopefully, you are able to continue with whatever is your bitcoin accumulation journey in such a way that you do not end up overly extending yourself and you are able to build your BTC holdings as aggressively as you are able to do so in order to increase your chances of having more options in the future, even though for sure it is neither guaranteed that you will perform better by having had investing into bitcoin, and it is not even guaranteed that BTC prices will go up rather than down or even potentially to zero... and at the same time, you still can figure out what is a reasonable investment size in regards to your own situation.

By the way, Antonil, I did a quick review of your historical posts, and you seemed to have spent a lot of time searching for bounties and other waste of time begging kinds of projects that makes it more difficult to believe that you might be a serious poster who is really trying to consider more serious investing matters which might attempt to revolve around ways that you might be able to use money that you earn to buy bitcoin, in the event that you might happen to be serious about building your bitcoin in serious ways.. presumptively from various kinds of earned cashflows that you might have, maybe that might go beyond the begging and bounty type circles.



Of course, each of us has the ability and the discretion to either trade and/or to sell our bitcoin in order to attempt to buy back cheaper, yet at the same time, if we come to realize that we are working towards developing and putting into practice a longer term strategy - which is what investing should be about, then screwing around with trading or selling and trying to buy back cheaper are not good strategies in terms of both building your bitcoin holdings but also recognizing that bitcoin is amongst the best, if not the best of investment vehicles (in the sense of being a pristine asset), so it does not tend to be a good idea to be playing around with bitcoin in those kinds of ways, even if we see  short-term profits on paper.... unless we have figured out a plan in which we have already accumulated beyond our goals and we are not necessarily still in a BTC accumulation phase.

There might be some need to start to distinguish that in this thread we are mostly talking about various accumulation strategies, and surely OP had never really been very excited about DCA, and in that regard had not really even mentioned DCA as being intermixed with buying on dips and HODL... yet at the same time, if we are largely unclear about our own strategies to buy on the dip, the logical opposite of that would be to sell on the way up, yet selling on the way up could really be a problem for those guys who are still in their early accumulation stages, even though they may well be tempted to sell some of their BTC on the way up in order to buy back lower.  So maybe I should suggest that any guys who are tempted to sell on the way up, you have to be careful in order to recognize that you might not be able to buy back and if you are still accumulating BTC, but you are selling on the way up at the same time, then you are likely going to be either wasting your time or spinning your wheels to be selling out of one hand and buying back with the other, and hopefully your sales are going to be higher than your buys; however, since bitcoin has a lot of tendencies to go up during certain periods of time, you may well end up buying at higher prices than you sold, which really is not doing your portfolio very good.. and it could be even worse if you are needing to account for both fees and potential tax consequences, too.


I think that even if sometimes lapse into conversations that relate to trading, trading surely is not the emphasis of this thread, and it takes us a bit far afield if we are thinking that trading might be any kind of reasonable mechanism (or tool) to try to accumulate more bitcoin - especially also since trading requires way more specialized skills as compared with engaging in various forms of buying to accumulate BTC.


Well?  It depends on when you bought in 2015 to 2016, since the BTC price moved between a bit less than $200 at various points in time in 2015 and in the very end of 2016, BTC prices got into the $900s, and even if we were to pick a price somewhere in the middle or even maybe suggest that were were able to accumulate a whole bitcoin at $550 during that period (which would be perfectly reasonable to have been able to accomplish that), then going from $550 to our current prices is getting close to 100x rather than 15 to 16x.. or maybe if we want to measure our current BTC price at $46,200, then that would be right around 84x..  

Even if we were to use the higher end of the BTC prices and to presume that we might have ended up buying BTC at around $900, which would have meant that we paid too much based on the overwhelming majority of BTC prices during that time period, but surely sometimes mistakes are made, yet even with an average cost of $900 per BTC, we still end up coming out with right around 51x in profits, which is way better than the 15x to 16x that you had mentioned.

In other words, it is a bit unclear what you are talking about with regards to ONLY getting 15x to 16x worth of profits for those who had done much or if not most of their BTC accumulation in the past 8-9 years.


Giving advice is probably not a great idea, and at the same time, you seem to be suggesting that there is some kind of guarantee that BTC prices will go up another 10x  or 100x from here, and surely you might be correct, yet I doubt that it is a good idea to merely just buy bitcoin a couple times, with something like $40 and then expect to get rich on it, and it seems that in this thread we had been suggesting consistent and ongoing investment, and even though there may some portions of an accumulated BTC stash that are in higher profits than others, and even if your average cost per BTC might go up with the passage of time, it is probably better to have had accumulated 20 BTC at an average cost of $1k per BTC than to have had only accumulated 10 BTC at an average cost of $500 per BTC, and so in that regard, there is some value to continuing to accumulate BTC, even if your cost per BTC may well continue to go up.


I frequently like to suggest that guys consider getting into bitcoin and being in bitcoin 4-10 years or longer, and of course if you are planning on being in bitcoin for at least a whole cycle (which is considered to be 4 years), then at least you meet a presumptive category of someone who is thinking longer term rather than shorter term.. or at least that you are thinking in terms of at least going through a whole cycle.. which is a good start.

Ultimately you have to think for yourself what your goals might be, and of course, there are no guarantees with any investment, and I would suggest at minimum you would want your investment into bitcoin or anything else to at least do better than staying in dollars or whereever might be your alternative place that you might put your investment.  

And, surely some folks do not even save or invest, so they don't even know what it is like to save or invest, and so in that regard, the alternative place for a non-saver and a non-investor would be to use their money for consumption, and so if we are considering that the value would be the same now as compared to in the future, there would always be a preference to consume today rather than deferring our consumption for 4-5 years or longer, so in that consumption mindset, then you would want to have some confidence that you might be able to consume more in 4-5 years than you are able to consume today.. or maybe your consumption retains its value and it is merely deferred.

In either way that you choose to consider your value, there is no guarantee that bitcoin will be worth more in the future as compared to today or that it would be to your advantage to invest into bitcoin... those are choices that you need to make, and surely your view of bitcoin as compared to other investment or consumption opportunities that you have would be a factor to consider.. .and if you do not have enough confidence to overcome such a concern, then likely you would be better off to study bitcoin rather than investing into it, or if you feel that you want to get started, because "everyone else is doing it" and you do not want to miss out, then probably you would be better off to at least start DCAing into bitcoin while you are studying it and and the same time pick an investment size that you believe to be practical within your own discretionary cashflow situation (your income as compared with your expenses).  Lump sum investing into bitcoin would presume that you already have some conviction about your investment, and even those who lump sum into bitcoin  may well be better off to continue to invest in terms of supplementing with DCA and buying on dips, and in the end, you have to come to your own conclusions regarding how to enter and which kinds of practices to follow and if you believe that you might be better off by buying into bitcoin rather than not.

Merely because many of us consider bitcoin to be amongst the best (if not the best) asset that anyone could buy, you do not necessarily need to either agreee with that assessment or to agree that bitcoin is a place that you would like to invest whether you lump sum buy into it (accumulate) or DCA or buy on dips or some combination of the three.

You shouldn't compare a digital currency with high volatile nature with a mere crop that doesn't have the potential to give good profits over time. Can you invest on any crop and keep it for up to 4yrs and above. Bitcoin is decentralized and has great potentials which makes it currently to be more profitable than any other long existing asset over time. Bitcoin should be compared with assest like gold and real estate that have the capacity to give you good profit after a long period of time due to their value. Crop are for consumption purposes and not for investment. I still see that you don't understand the potential that bitcoin has which is making institutions and investors pressuring for bitcoin ETF approval. If you don't have any bitcoin, you should buy now and don't waste anytime because bitcoin is an asset that is worth holding to be part of your life just like the way we always have fiat currency with us. Use DCA approach to invest in bitcoin and grow your bitcoin portfolio with time and only invest with the amount that you can afford to lose, since you just want to get started. Have an emergency funds ready and funds that you will need for your monthly expenses available so that you can hodli for long and increase your bitcoin investment.