Topic: Buy the DIP, and HODL! - page 421. (Read 137067 times)

Yeah, that's another factor. I've accumulated in the lower prices and that's why whenever I see these quick crash, that is also another reason why it doesn't seem to be painful anymore. And that's because I am still in profit.

The motivation from those folks is that they've seen other people earned with shitcoins and instead of having that slowly but surely gain with BTC, they want it to go with the shortcut route.

Can't blame them with that and it's their own journey per se. I've got a few alts but I've got more than with the distribution of my portfolio with Bitcoin actually and no matter what happens with the alts that I've got, they're incomparable and for sure that I'm still in gain with BTC.

I couldn't agree more with that and it's like the shopping spree has to happen whenever we see it correct sometimes.

I prefer to invest in the DCA way because it is the best moted in my version, not unwilling to go the lumpsum way but I think about how the ability I have to think about the life that must be lived with adequate finances if it is entirely to the lumpsum then it will not be strong even at a certain time.

What I can afford is DCA, even though with relatively small money you can enter into bitcoin in any amount does not have to be flat every week, small size does not matter as long as it does not break every week it is the principle that I instill in DCA investment.

I opened a Coinmarketcap account that records all bitcoin purchases in a DCA manner, the average price is around $28K that I bought even though it is now $43K.

Starting more than a year, I have gotten a fairly high ROI even though it's not 100% but I will keep HODL and continue DCA.

See this picture,

I guess you are misunderstanding the point that @Patrol69 is saying. We all know that bitcoin investment is better held for a very long time no matter what price bitcoin was when you bought your first bitcoin. People that bought bitcoin at the last ATH for instance if they continue to accumulate more bitcoin through out the bearish period with DCA method, since they will be buying at different level of price, this will balance the average price of bitcoin and if they can hold for up to two circles, the profit will be great. Also any investor that bought bitcoin during the last ATH when it was 65k, if he didn't sell till the next bull run when bitcoin price will reach a new ATH, as long as the price of bitcoin start getting up to 67k.he has started seeing profit. The reason is that the compound profit of bitcoin is what gives it that potential to make more profit, the longer you hodli because, the probability of bitcoin price to go up over time is higher down it going down.

This is why you see that long term investment is the bump when you have invested in bitcoin. However anyone that can buy at the dip is more lucky to make bigger profit than the investor who bought during the bull run because you will have bought cheaper and the time that bitcoin price will take to reach the bull run is a lot of advantage for him. This is why you see that they always say Buy Dip and Hodli. But is you miss the dip, then it is better to get started at anytime and use DCA techniques to grow your investment and you can also keep extra funds to prepare for the dip to so that you don't miss out. Imagine that you bought bitcoin now at this price 44k+,and you were able to hold it for 24yrs and have reached your bitcoin target within this period of time. Maybe bitcoin price might be $5m then.

Maybe you mean to explain the initial preparations for every investor who wants to invest in Bitcoin, and I think almost most investors have realized that when they want to invest in Bitcoin. Because in every job there should be no interference or obstacles in any form if you want to remain successful with that job, especially if the target is to buy at a low price and sell again when you see a high price, even though there is a time period used by the investor himself when expecting quite high price on Bitcoin.

I think it can still be adapted by all investors who want to invest in Bitcoin in any way and will also continue to do so quite consistently over time. You can just imagine how much joy many investors have had who bought the Dip and held it until now from the beginning of last year to the beginning of this year, maybe there are some investors who have taken profits after many months after a full year with Bitcoin. But this year it is still quite possible that investors and buyers of Bitcoin will also increase because the moment is good enough and the trend is right enough to do that.

Here is my previous post on DCA vs LUMP SUM investment which is compiled over a period of last 4 years. You can see in the long run LUMP SUM investment beats DCA. Also you can go to dcacryptocalculator and change duration of investment along with amount and can see whether it works for short duration or not.
DCA is best for those who don't have huge amount to invest at a particular time but can invest small amount for longer period of time. If you dont have enough funds then its best to invest in Bitcoin in DCA manner rather not investing your money anywhere anywhere.

It has been proven that the price of Bitcoin grows and recovers over several years (a little longer) and therefore it is necessary that if we want big profits then invest Bitcoin over a long period of time.
Regarding the money used, I think every experienced investor will understand, Bitcoin investment is not a short-term investment that promises big profits, so we can decide for ourselves after knowing all that.

If that person has known Bitcoin for a long time, he will think that holding Bitcoin for the long term really provides big profits. They will keep holding it until they can see a big profit, and then they will sell it. Many people have been waiting until now for Bitcoin prices to rise high and they can still be patient.

At least, the price of Bitcoin could reach $80,000 and even more than that in the future. And as long as there is still time to buy Bitcoin, we should use it well.

Now, the green candle has returned to the market, but the price still seems to need more time to increase high again. Let's just wait and you can buy it again if you want. Don't forget to continue the DCA you are doing if you are already using DCA.

I really agree with your opinion, there is always a risk in every business/investment or choice, Therefore, it would be better for us to consider and carry out an analysis first before deciding to invest or do business.

That's what I'm doing now I'm starting to have a serious interest in Bitcoin starting in 2022, some people think I'm late but I think it's never too late.

But after doing some analysis I have the opinion that Bitcoin will continue to grow for the next few years even though we don't know what the future will be like. But I am optimistic about this, it can be seen from the increasing number of people getting to know bitcoin every year and they are starting to be interested in investing in bitcoin.

That is why we should not rush into bitcoin investment, we should understand Bitcoin is not a get-rich-soon, so anytime we are ready to invest in bitcoin we will make sure we have a source of income that will allow us to freely invest in bitcoin with the DCA strategy and also take care of our financial challenges so that we will not depend on our bitcoin investment to settle our financial challenges when the needs arise.

Of a truth the impact of a little Bitcoin price movement on most of the investors that has invested huge sum of money on Bitcoin is higher than those that has a little amount of Bitcoin but however that shouldn't be your major concern because you can only invest with what you can afford because if you follow how most people are investing you may end up not lasting long on the investment do to the fear of losing out, were as making you to over invested.

And secondly even if you have accumulated a little amount of Bitcoin and decided not to keep accumulating again thinking that sometime in future you will have a big return, perhaps even if the price should hit $100k in the future your profit will still be very small, so actually it doesn't matter how small you are accumulating Bitcoin but what matters is how consistent you are because in the future you will be surprised with what the little amount you were using to accumulate has worth.

They became hesitant its because they don't have enough knowledge about bitcoin but if they experience the year you have mentioned for sure there will be no question came out on their mind or doubt that its good to invest on this coin for long term since we have lot of bullish run to come which have proven for so many times and they get rewarded if they just trust the existence of bitcoin.

Bear season pass and for sure there's a lot of doubtful people out there regret their decision for not accumulating at that time then they see this current price where they already get a profit if they just buy bitcoin when the price is cheap. Also once bitcoin will start to have a good rally especially halving hype will occur to many discussion about their regrets for not buying will come so to avoid this to happen we should better act good when bearish season comes since actually this is the good time to accumulate.

For me I think the poor guy has the tendency of holding Bitcoin for a longer time. The rich guy who invented with a big money will see a huge profit once there is a little positive shift in the market. But the poor guy whose investment is not that much won't see that big profit in that short positive price movement, hence the need to hold for a longer time till when Bitcoin makes a reasonable price movement let's say from its current price to like $80,000 to $100,000. Unlike the rich who will see a big profit if price move from current price to $46,000 to $50,000.

It's obvious that any one who wants to invest with bitcoin most take a risk because its risk that makes investors to make profit and its same risk that makes them to lose and if you don't summon courage for cryptocurrency investment you will not make a profit that is one of the things that is paramount for cryptocurrency investment.

When you said that we should not bag our eggs in one basket that simply means diversification of investment and really no cryptocurrency like altcoins that does not involve in risk because some of them doesn't have potential as bitcoin,  bitcoin is the most potential cryptocurrency that you can invest and make your profits because it withstand long time bearish why some of the altcoins decrease to zero during long-term bearish

Making wealth doesn't measure but it has criteria and for cryptocurrencies you have more chances of making wealth with bitcoin than any other investment of cryptocurrency, but some of us won't understand the scenario I'm trying to elaborate concerning cryptocurrency diversification of investment, actually it's good to diversify when you have already examined the coins that is valuable and still have potential and reputation as bitcoin has.

There's a dump in the market earlier but it has also made a recovery by raising a strong resistance against the dip in other to maintain the pump in the market, we are now almost were we have been even though we aren't there yet, there's much to experience and also expect coming during this particular period because the market is likely to be more moving towards in this same direction before it reach another stage to pump it higher on bullrun, there have been speculations ongoing about the Bitcoin spot ETF approval to be one of the major factor to push the market a bit more higher before bullrun is introduced after halving.


Let's get this right, even if there's a change in Bitcoin ETF approval date not to be January again, there's still going to be high expectations on the Bitcoin market price because we are going to still experience the bullrun after halving, what we should ensure doing now is to make sure we are buying and holding as much as we could afford, there's a time coming that will be more appreciated than this after halving has taken place, every bitcoin holder will have a reason to smile.

If someone is hesitant to take risk then they will never get rewards even financially but the risk they are taking should also be calculated not just completely blatant. Even we know bitcoin is going to be big, the conservative approach is invest a part of your savings in bitcoin, remaining into other assets as well that will fulfil the criteria of don't put all eggs in one basket. Which may take more time to accumulate wealth with the diversification strategy but it gives us leverage to past the hard time if one of the asset invest isn't doing good because it can be compensated with the profits made from others.

Before someone invests in a project, they would have been a very reasonable conviction for them to invest into that project. And this is the mindset of the big investors who have being in the market for a very long time. Bitcoin many years ago, let’s say back to the year 2017 was still very low in price as compared to what it is now. If Bitcoin can move up to $63K in 2021 and is not retracing back there now, is enough prove to say this is a worthy investment. Bitcoin has experienced halving three times and is now set for another halving this year. After every halving, the market experiences bull run which use to mark a new all time high for bitcoin. If this has happened on three different occasions and still following the same path, I don’t think there is any investment convincing enough to invest in than bitcoin in this century we are in now.


Bitcoin spot ETF whether approved or not approved should not scatter your plans for accumulation. If you’ve been doing DCA for long, stick to it and don’t allow the news of the bitcoin ETF disrupt the plan. We can see how the news of the bitcoin ETF affected the price of bitcoin when it was falsely rumoured that it has been approved in the past. You should know that the bitcoin ETF is just another big player manipulation in the market and when its time passes, the market will still continue moving on its right path. Nothing should disrupt the plan of your accumulation, once you’re on the right track, of course you’ll achieve what you want in the long run.

You did well, if all you said was what you told him and what you help him to achieve, but hope you also made him to understand that bitcoin is a volatile asset which no one should expect profit all the time, the market can be against the investor, sometimes too it can favor the investor, you still need to tell him that he should investor in others things not shot on per say but other asset that can generate earnings for him so that he wouldn't think about touching his bitcoin investment in a short run, if possible, I don't know if his old, he can also look for a job that will help him to meet up with his immediate needs, since he has purchase bitcoin already, he should be knowledgeable enough to be in the system, this is my take on this.

Sometimes they don't equate investment duration of bitcoin to the profits because you might purchase bitcoin when the price is high and keep it for long duration and instead of the value to increase for you to make a profit then the value depreciate, we all know that long-term investment gives a profit but it can only gives you a profit when the price of bitcoin increases,  that is reason why we don't need to be curious for bitcoin investment knowing that the investment is all about risk neither you make profit or you lose.

One of the major concerns for bitcoin investment a investor have to have in mind is to make sure that the investment it have a timer for any of the investment,  because if we use what happens previously to explain bitcoin investment may people might be biase or discouraged for the investment...bitcoin investment is something you can invest now and within some period of time you make profit that is why its not necessarily mean that what will fetch you more profit is the longer your investment stays, sometimes we do experience long periods of bearish and it can be one year or two years and if you purchase at high course and the value depreciate due to long  bearish you might sell out your bitcoin under panic

So what is very necessary for bitcoin investment is timing and duration you want your investment to stay and secondly having in mind that bitcoin investment is depends on risk because you may be profited for the investment or either you lose, but people taught that the longer you allow your investment the more you make profit,  such scenario can come to accomplish when you purchase bitcoin very low prices and throughout the years it stays the price  continue to add more values, so getting profit for your long-term investment depends on monthly and yearly positivity of the marketcap of bitcoin.

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

Our society and our world is about the rich and the poor. We can distinguish between a rich person and a poor person only by seeing that there is economic inequality. Just as a poor person dreams of improving his financial condition, a rich person dreams of how to increase his money. Those who are less economically well off work hard and with the money they earn they can only support their family but they can't change their economic status much unless they get a big opportunity. Those who are not financially well off but have an idea about Bitcoin investment try to invest some money even though it is difficult so that their financial condition will improve in the future. If the process of investing and holding the investment is well known then even a poor person can accumulate good amount of money by investing and he can get good profit from his investment.  

Investing is easy for rich people because they have enough money to invest and they regularly get opportunities to invest much more money than a poor person. While rich people have such opportunities, poor people do not have such opportunities. They work hard to earn money. And from that money they set aside some money and the amount is not much. But even if the amount of money is not much, if a poor investor continues to invest a certain amount of money regularly for a long time, then he is successful in investing.

A poor person's job would be not to follow others and be content with what he invests himself. If someone else invests several times more than him and he follows that person, the poor person will be disappointed that his small investment may not meet his expectations. If you have faith and trust in your investment and can invest regularly for a long period of time, it is possible to achieve 100% success from investment even by investing a small amount of money.

The longer the investment is held for, the greater the potential for profit from that investment. The point you are making is that investing in Bitcoin when it was worth fifteen thousand dollars and selling the investment at the present time would have made an investor a lot of money. Let's say you bought a bitcoin at $15,000 and you haven't sold your bitcoin yet, where the current price of bitcoin is $45,000.  Instead of selling Bitcoin at $45,000, you plan to hold your investment for a longer period of time. 
After holding for two more years, you see that the price of Bitcoin has touched one hundred thousand dollars, so which one is more profitable, investing for two years or investing for four years or more? Of course, holding the investment for four years or more will give you higher returns and if you hold your investment for a longer period, the profit potential may be higher, so plan for a longer period of time when holding your investment.