Topic: Buy the DIP, and HODL! - page 470. (Read 123847 times)

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.

Agreed, DCA is best for those who have a regular income and it will be different for those who have no regular income. Because they have to keep track of the market movements which are difficult and challenging. Moreover, it cannot be said that our predictions will always be effective. Generally, financial markets are heavily influenced by systemic economic and geopolitical factors, there may be some potential but it is not easy to predict for everyone. Even the wisest people make mistakes in such assumptions. We know that any monetary policy by the Federal Reserve can affect market movement, but that does not mean that any monetary policy implementation will certainly trigger a market crash. So there is no substitute for DCA to keep secure investment accordance with the time.

DCA is good for those people who have enough disposable income that comes in regularly every week/month. But for a pleb like me, I need to pick good price levels where I could get the most of my limited capital. Plus read the news. Why would I buy now if I know there's some probability that some macro-economic and geo-political events will crash ALL markets all over the world?

As long as the Federal Reserve is not turning on the money printer, economies and markets will eventually crash back down again.

Broadly speaking, someone who invests in bitcoin is certainly based on their belief in bitcoin itself, and I see things that don't make sense when they invest in bitcoin while they don't believe in it, I can say they depend on luck and roughly they can be said to be someone who is gambling.
I was the same, when I entered and invested in bitcoin based on my trust in bitcoin with all the benefits offered. And I believe in it.
DCA is one of the strategies that is widely recommended, and I personally apply this strategy, yes even with a small amount but it is based on my ability in finances that I have planned as well as possible to prevent and anticipate something that I don't want to feel in the future / DCA.

If you place a bid area on $20,000 I understand very well, you must be very careful of the global economic situation which will impact on a further decline for BTC itself but, I think it is still very far towards that decline and in the investment world a buying strategy with Low prices and selling at high prices are the general keys and the installment strategy with DCA is one of the most comfortable without having to worry about every moment we will buy.

OK, I respect your opinion, but you do you. Personally, I won't be buying ANY Bitcoin at the current price levels because due to the current macro-economic situation around the world, we could get another opportunity to buy Bitcoin with a big discount again and front-run everyone. Give it until March next year, but it could happen again before that. Probably by the end of this year?

My bids are on $20,000.
         ¯\_(ツ)_/¯

To invest in Bitcoin you must depend on DCA. You can invest monthly and weekly.
Buy Bitcoin at DCA ratio when Bitcoin price is low and save for long term. You save bitcoins monthly or weekly which will later be earned in a whale.
As long as you need to hold Bitcoin carefully because long-term successful journey will get the most performance according to DCA.
DCA is the best way to buy Bitcoin.

Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term,  I agree with what JayJuanGee said that you shouldn  be over aggressive with your Bitcoin buying but doing so on a calculated risk and buying with spare cash that you don't have need for,  as against some greedy investors who because they want to take advantage of market gall going all in with money that they can't afford to do without for a while and putting themselves in a position that make them to be in a rush to sell off at any given chances or even selling of the btc at lose when they can't continue to hold since the bought the Bitcoin at a time financial conditions.

Buying the dip for the long term is best done when you have put all the possibility of any future pressure to sell have been settled,  DCA approach is best when you are buying all the way down,  leaving the Bitcoin for a long period and getting back to check whahasve become of the bitcoin investment on the long run.

I think many people invest in bitcoin because they believe in the potential for long-term growth in value. Bitcoin has been used as a store of value by several large investors, whales and even some institutions, so it is only natural that the interest of people coming to bitcoin for the same purpose is growing day by day.

To be honest, a lot of people weren't happy about the plunging price of bitcoin after they invested. On average, you don't want to lose money as a result of falling prices, but of course there are several solutions that can still be done, including by simply buying and holding. It is the most strategic solution for the long term if they believe in bitcoin performance, but if you have a stable monthly income that exceeds your budget requirements then accumulation is also a good thing to consider.

Inasmuch as I understand the good feeling of realizing that one is in net profit in his portfolio when compared to the fiat injected, there is no doubt that it is really a form of distraction/temptation for those with long term perspective. Some cases, when the profit is like  lets say x3, there is thought of breaking even that normally creep in and if not properly managed, there is a chance one might sell some of his holding unplanned and sometimes when one should rather be buying. So, to avoid a situation like this, it could e best one avoid looking at the price regularly... it can be twice or thrice per year or when there is a major event like ETF approval or so... then checking the market response is not out of place.


This is somehow similar to what happened to me. The only difference being that my passion is just to own Bitcoin irrespective of the price. In other words, price do not really matter to me because I just want to own Bitcoin. To be frank, it will take a great deal of experience to resist the urge of looking at the price always. For someone who is relatively new to buying Bitcoin, there are high chances they might be frequently checking the price, calculating total investment and net investment to check which is higher. I think this is normal as only experience can remedy this. The journey of accumulating Bitcoin is truly a marathon and not a spring. It entail a lot of wonderful processes of growth and maturity.