Topic: Buy the DIP, and HODL! - page 49. (Read 121801 times)

It seems that he misunderstood the meaning of DCA, he needs to be directed to a further level so that he can interpret this strategy correctly. DCA strategy is a straightforward investment method with very high efficiency, investors can divide a certain amount of investment into several different amounts instead of investing it all at once. DCA also offers convenience and investors can invest even with low capital in a certain amount during a specified period. Therefore, the reason many Bitcoin investors apply this strategy is because it is a safe long-term investment method.

Earlier investing usually required pooling some amount of money and after pooling a certain amount of money one could invest with that money but now the strategy of investing has completely changed. Earlier those who earn a lot of money monthly or weekly could invest properly but low income people were deprived of this investment. But now every professional person gets an opportunity to invest in DCA investment strategy. If a day laborer earns five to ten dollars a day and within this amount he can pay his family expenses and still have some money left over to invest in bitcoins. Again in this method there are many students who save tiffin money or tuition and continuously invest in Bitcoin. People who once invest in DCA investment strategy will always want to stick to this investment strategy.

After all, it's all about consideration when in the end we are in a slightly stagnant condition in terms of value or maybe you call it selling time when we can afford to buy why not, because the focus of DCA is certainly not on price benchmarks so in the end regardless of whether it is a smart way or a way that is considered aggressive by some people when we can do it then why not.

Because the benchmark from the beginning we are definitely long-term so when the market is considered bearish or bullish even for short-term measures as long as we are able to buy without any compulsion or intervention from anyone then we just have to buy it without the need to think further.
Not that this is also a reckless act in the end because after all we must have other considerations and our considerations are long-term so that the current price (decrease or increase that occurs in the short term) is not a reference because in the end when bitcoin is in a downward trend we still buy it again.

Instead of waiting too long and the money we will allocate is used for other needs, as long as we can buy where the allocation for bitcoin is already there and ready with all forms of risk that occurs, then why delay the purchase just because it is fixated on the market.

The focus should be changed because by looking at the conditions that occur for most cases in the end trading will only make it more difficult for you to get what is expected even though in the initial phase you may get profit but in the end defeat and liquidation when you cannot make predictions correctly can always happen at any time. So instead of doing more risky things like this it would be better for the focus of trading to be changed to investment in the long term and of course the focus that was originally on shitcoin must also be changed to bitcoin.

That is the most worth it for now, although it may sound as a suggestion that does not mean much but in the end we must have a commitment and priority scale so that we know which one we should do and which one we should stop.
Since the beginning we did not discuss shitcoin for reasons like this so why be forced to be in a condition that makes you uncomfortable just because you want instant.
Achieving financial freedom is not that instant, friend, because there will definitely be a process that we have to do, so start fixing your plans so that you don't regret it more when the losses continue to exist because you are too forced to be in shitcoin and trade in it.

Therefore, I don't want anyone to mix their ideas here, I mean don't let anyone say shitcoin anymore because the discussion could run far and could backfire on beginners. It's better to focus on buying bitcoin to increase our confidence in bitcoin. Bitcoin is far superior in all aspects to be used as a long-term investment.

I don't understand, how do I draw the conclusion you said. But I want to tell you that someone who has focused on investing in bitcoin will not let go of themselves to continue learning about Bitcoin. Moreover, they invest for the long term, of course every week they continue to buy bitcoin. It's not a job but this is a form of follow-up by buying regularly.

I hope you don't get caught up in shitcoin, forget about shitcoin because Bitcoin is number 1 which is the best to buy. Know that many of them have lost a lot in shitcoin, but they are silent, even unable to express it on social media. An argument that misleads many people, if they say that shitcoin can provide comfort for its holders when in fact it is not true.

So just stop it. Don't continue, I'm afraid many beginners will be trapped by what you say. It's better to discuss how far your strategy is in the investment that you have made.

Honestly, my view of you for now is that you are still mixing investment and trading too much so that you confuse yourself from what is happening.

You say as an investor but do trading which is 2 things that are actually different, when we talk about investing then indirectly we don't trade what we invest in so there is no such thing as an investor but trading with the same asset at the same time too.
In addition, our discussion from the beginning is actually talking about how we can invest well in bitcoin and many options are done such as referring to DCA or buy dip hold as stated in the title but this only focuses on bitcoin not other things. So it will not be too relevant when our discussion is about investing but the understanding is misinterpreted to trading because it is like two different paths.

Shitcoins has really caused a lot of damage to people's life and some people are still investing in it after hearing what it has done to others, the reason why some people are still interested in shitcoins are because.
1. the potential for high returns in a short period.
Some people see shitcoins as a way to make huge profit in a very short time, they believe Bitcoin is slow in it's growth and investing in it will take a very long time for it to bring forth good profit so they decide to go for shitcoins.
2. some investors are drawn to shitcoins due to their low entry barrier.
Some investors feels since shitcoins are still new and is very cheap is better they invest in it and accumulate a lot of it with just a little amount of money.
A lot of investors this is what drew them to shitcoin investment, someone told me that since Bitcoin has been in existence for some time now is unwise for me to invest in it because I won't make huge profit like those who started investing in it 10 years ago that I should look for a new coin that is just coming up and invest my money on it and stay patient that it will grow just like Bitcoin, some people has listen to such advise and later regret shitcoin is shitcoin and should be avoided.
Bitcoin has not reached half of it's growth so is still growing and people who choose to invest in it today with patience and consistency will still make very huge profit 10 to 20 years to come, is better will see Bitcoin as a long term investment or a retirement investment so as to stop this quick want of it growing because that's one thing that gets us frustrated when we wait for it, you need to give it time don't be in a rush.

Bitcoin is not a daily job and not advisable to reckon on as an investment to create living expenditures, so why do we need to be hardworking when investing in it. Everyone investing in Bitcoin is expected to be as much lazy in exemption to those who are Bitcoin traders, the holders are only expected to keep their assets safe and continuously improve their portfolio and nothing more to do.

From the look of things, i believe you reckon more on buying the Dip, compared when decides to DCA. Those who DCA are as well not in exemption from buying dips, an investor can keep up as much strategies he is capable of, moreover any investor implying DCA understands perfectly that it is a journey for the long run, so buying at any price point is very comfortable. One strategy by good investors are to buy in more when the dips happen, this boosts how much portion they got from buying in a much lower price while still approaching with DCA.

Hopefully you learnt something from this endeavour and not try a revenge approach.
Is like been told not to touch the red button
You get curious and press and realize the reason why there's a Do not.
I guess like you did, many would see this and believe you weren't skilled enough or something.
No matter how skilled you are if you continue playing with fire
It would eventually burn you.

You have been in this thread for a long time, and you have seen how we used to tell newbies how risky it's to invest money in shitcoins, but you choose to use your money to trade shitcoins with the hope of making a quick profit, but you ended up with an unexpected loss. There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price, and once there's no hype with the shitcoin you are trading, it will dump hard on you. I'm sorry you learn in the hard way before you realize how risky it's to trade shitcoins, and this will serve as a lesson for any newbie who wants to trade shitcoins.

DCA method for depositing Bitcoins is a timely decision that is suitable for people of any income. You should plan to deposit weekly or monthly basis and also increase the tendency to deposit bitcoins if your income increases every year. By applying the same investment amount strategy, you may be delaying the growth of Bitcoin in the future. So if you have sufficient backup fund like at least 6 months or more then you can increase the deposit amount more. Also, tending to increase the amount deposited in DCA during each bearish period will allow you to accumulate more bitcoins in a short period of time. Investing will be stress free for you when you have a guaranteed source of income and regular cash flow which is considered as disposable income and an investment backup fund which can protect your valuable investment in case of any emergency.

In conclusion I would suggest that you should have the mindset of depositing accordingly if your income increases every year rather than just tending to deposit the same amount when you are running the DCA method of depositing bitcoins. Long term runs lead to further growth in Bitcoin and a large holding is accumulated.

Encouraging people to always wait for Bitcoin dip before accumulating to me is a wrong advise, what if the Bitcoin market doesn't dip it means an investor shouldn't accumulate Bitcoin right? It's wrong for this will always make an investor have low Bitcoin stack because the opportunity of always accumulating Bitcoin regularly is no longer there because such investor always wait for Bitcoin dip before accumulating.
The dip should only be an opportunity for an investor to accumulate more Bitcoin because he will buy at low price but waiting for it to dip before buying is not a good approach for with your DCA strategy you can still accumulate Bitcoin regularly weekly or monthly regardless of the price and hodl for the future than always waiting for Bitcoin dip before accumulating.


DCA strategy and trading doesn't work together since trading is for short term purpose. DCA strategy is for long term investment purpose since an investor will be accumulating Bitcoin regularly weekly or monthly and continue to hodl for long periods of time.

Your statement is wrong! I can't imagine Bitcoin investment making people lazy due to long-term investment. Long-term plans are like a marathon, and not a sprint. It's like planting a seed that you know you will surely reap from it in the future. Now the nurturing stage is the accumulation process, though it grows slowly it magically grows to yield a good fruit. If buying gradually with DCA and planning a long-term plan is very slow and looks lazy from your own perceptive. I don't care because I am planting a seed in the future. It's better to accumulate gradually and see your investment grow in the future than trying to be a millionaire in weeks with trading. It's all about a strategy and not sloth.

I don't know what you classify to be laziness. Do you think traders are the busy/serious ones in Bitcoin because they tend to time the market regularly? I doubt you have any good reason to say long-term holders are lazy. Because a long-term investor has a long-term plan to accumulate Bitcoin. If he has plans to hold for a decade or two. He can set goals to keep accumulating till two cycles pass. He may choose to start diversifying later on if he feels the accumulation is enough, lol but seeing your portfolio grow can make someone not get tired of investing.

If you are DCAeing you are not trading and when you are trading it's not DCA. The difference is clear, in the context of trading, you're buying and selling frequently. But when you DCA you are buying consistently till your maturity date and not selling until sustainable withdrawal.

You are very funny to say that investors are gambling using DCA. There is power is accumulating little by little consistently and before you know it will become something big beyond your imagination. El Salvador and Bukele used DCA to accumulate bitcoin and they have a huge bitcoin portfolio currently and in good profit based on the current price of bitcoin.

There are people who don't care about short-term profits but only believe in buying and stacking their portfolio continously not because they want to make profit but because they are seeing bitcoin as a store of value that is worth saving their funds from inflation and also they are saving for the future and not about what they want today.

Trading is more of gambling because as long as you don't sell your bitcoin and you are only increasing and hodli, you are not gambling because your investment is still intact. Microstrategy has bought bitcoin from time to time and he didn't sell but hodli will you call that a dumb idea. Don't regret your actions in future mate because i see that you are only concerned about today.

You reasonably asked this excellent question, but if you have been reading my posts about this, it has always been answered here many times. Regardless, it is overhyped by many people here because they believe it will always work without considering the condition of the asset itself, how senseless is that? The asset (Bitcoin in this case) and its price are "supreme" here, and its nature/behaviour must be the number one priority/factor to consider and not the DCA strategy for it to work best.

Fine, the DCA approach is good, no one is disputing that, it averages the risks and gains but telling me to apply it blindly as JayJuanGee and many others are preaching is gross to me. Quote me anywhere, there are situations where the DCA approach will fail you for years and other investment approaches will help you out unless you wait (patience), this is why investors should not be static like many of them preach. You can wonder those who believed in the DCA approach buying Bitcoin at $68,000 in 2021 with no regard for the asset condition/chart/behaviour at that time, tell me, 3 years after, are they still in profits? No, what investment plan is that? This is practical!

All I preach against is not for people to use the DCA, but before using it, try to learn the prevailing market conditions to be careful and avoid tying your money somewhere unprofitably. These guys are only following what they read and watch online, some of them are only lucky one way or another thinking they know investing, but they don't. I wonder how someone would want to DCA with disregard to other market factors if not for their low knowledge of it or being a newbie in it. If DCA is that perfect, I wonder why big companies are contracting their investment management to brokerages and other investment firms, they should have just DCA at any price and continue to gamble away their money.

An investor can generally invest in DCA in any way.  Someone may be investing a certain amount of money every day, some investors are investing weekly, and some investors are investing monthly, that is, all investors get the opportunity to customize this investment strategy and invest according to their own wishes. By investing in this way, the investor will always feel the investment is stress-free and will create an incentive in his mind for this investment. When we take any work as fun then we will not make any mistake in that work and we will be able to finish that work. So personally I think among all strategies DCA investment method is the most effective investment strategy for long term investment.

I don't no how you are seeing it that makes you think that Bitcoin has made people to become lazy, actually for me I see nothing like being lazy in Bitcoin investment and besides nobody would just invest a certain amount of money and decided to leave in other for it to appreciate in the future without the provision of persistent accumulation, so actually long term holders are are not supposed to be regarded as a lazy investors because there long term goals will always keep them steady on there accumulation of Bitcoin because that's the only way for them to be able to achieve the amount of Bitcoin stash they targeted in the future.

Whether the Bitcoin price drop more further below your accumulated point it shouldn't be an issue or setback to our investment because the major concerned shouldn't be on the profit you are supposed to be having but instead how to continue increasing our portfolio should be the main focus because expecting a profits on the early stage as you are implying is just like asking an employer to pay your monthly salary when you have not fully been employed.


DCA is not a strategy of trading so I wonder why you would want someone to consult your trading chart before doing there normal DCA it actually sound somehow to me or are you mistaken DCA strategy for a trading pattern? Actually DCA strategy is not dependent to any form of market price or anything before accumulating so there is no need of consulting any chart before someone can starts accumulating.

How much was Bitcoin during that time, and how much would an average pleb would have gained if he/she merely invested all of that in Bitcoin, and HODLed? It might not be the sort of profit gained that he/she imagined with Davido, but he/she would still be HODLIng his/her capital in the best cryptocurrency in the world - Bitcoin. Plus he/she still would be owning it decades from now.

Invest your precious, limited capital only into Bitcoin my fellow plebs.

Definitely, there’s no mistake that can’t be corrected, and Bitcoin still has room to grow, even though we’re no longer early investors. Just ignore the market volatility (pump and dump), and instead, focus on the long-term goal. The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

If we make a mistake once, that's fine. But repeating the same mistakes shows a lack of trust in Bitcoin’s future success. It’s already successful now, but we’re aiming for massive success that benefits long-term holders.

Just imagine if we’re holding now, starting to invest today, and if John McAfee’s prediction of Bitcoin reaching $1 million comes true, that’s around a 16x return on our investment. Sure, there might be short-term hits because the market is unpredictable, but when the market turns bullish, prices can soar. That’s why the meme “to the moon” became popular-Bitcoin has taken us there many times before. So, don’t miss the next ride and keep HODLing, because Bitcoin’s future looks really, really good!

Chill out, mate! Even the best and most experienced ones make mistakes at times. The most important thing is that you learn from them and move forward. In the world of Bitcoin, no one is perfect and that is why none has been able to be accurate in predicting the price of Bitcoin now or in the future. The uncertainty of all investors is a general limitation and that should make everyone that we can get lucky in speculating, but don't count on it.

Why beat yourselves when you have acquired the knowledge and tools to start investing in Bitcoin rather than trading? Bitcoin is a rollercoaster. There will be ups and downs. But if you stick to a long-term perspective and focus on just accumulating Bitcoin alone without diversifying for a complete cycle, you'll weather the storm and come out on top. Right now you should be setting a long-term accumulation plan, choosing the best strategy to start investing, and possible means to reduce the risk of your investment. One possible way to do that is to discipline yourself so that you won't get deceivd with the price fluctuation and decide to go back trading.

It is very wrong how people think that celebrities can make them rich through the shitty coins. And these dumb folks will still ape into these celebrity scams. This is one of the reasons I just stick to Bitcoin. It doesn't need any celebrity to influence the price, it does not need hype at all, it is not regulated by anyone. It is a real gem.