Topic: Buy the DIP, and HODL! - page 495. (Read 135992 times)

Yes, that's what I know, Bitcoin has always experienced a high increase even though there are times when it has decreased due to several factors affecting the market, but compared to shitcoin, bitcoin is more likely to be promising with a bullish phase that can always dominate in recent years, just look at how the fate of investors who absolutely do not miss any opportunity related to opportunities in bitcoin. They managed to achieve sufficient or even significant profits.

Once again, investing in bitcoin will certainly bring its own benefits but of course with patience that must be owned because investing in bitcoin takes a long time, often I see people who invest for a long time but they stop halfway because of the lack of patience will wait a long time.

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Bitcoin is becoming so popular day by day that people of the world are choosing Bitcoin as their life security due to the popularity of Bitcoin. Every month the biggest holders of bitcoins are putting more than 50 thousand bitcoins to hold for long term. Statistics show that more than 76% (14.859M) of Bitcoins are currently under holders and they are holding it in wallets for long term storage. Then we can conclude that Bitcoin is one of the important assets in our life and its popularity will increase so much that the one who has the most Bitcoins in the next life will be recognized as rich and prosperous.

There is no way I can compare shitcoin to Bitcoin, I gave a reason why people buy Bitcoin and hodl it for a very long term. With bitcoin, we can transfer value anywhere in a very easy way, there is nothing like Bitcoin in the crypto space.

Sooner you will completely understand that there is no way that Shitcoin can be comparable to Bitcoin , most specially in what you called HODL.

How can you trust a coin that may die in a year span or even shorter?  while In bitcoin you can se the action for more than 13 years.
and no way that I will choose altcoin over bitcoin , the term HODL only related to one coin and that is Bitcoin .
when you called dropping 90% that is not a drop but for me that is considered as dead .

Investors whom there major aim is to accumulate for long time holding shouldn't be influenced by the price of Bitcoin by knowing if actually the price will dip more or increase the more, is obvious that the goals of every investors is to make a good profits in the future but however since the plan is for long time holding I see no reason why investors should consider the current price of Bitcoin before accumulating.

That's why DCA method is there to guide investors, that it doesn't matter how far Bitcoin price has gone but what matters is how you could be able to accumulate consistently with the little funds you could afford as well as risk management, perhaps with this we shouldn't be bothered about knowing if the price will drop to the bottom or not but instead we sees every price as an opportunity to keep accumulating.

While, Your  perspective on Bitcoin's potential to outperform in the long term and its resilience to short term volatility, due to geopolitical situation in the Middle East price volatility is well understandable. However,  it is worth noting that, if the current geopolitical tensions persist, similar to what occurred in Ukraine/Russia conflict. It could have adverse affects on all risky assets markets. Consequently, there is a concern that we might see a an extended bear market, lasting for longer duration.

In simple terms, even when the market looks unfavorable, the long term investors should remain vigilant for opportunities to accumulate Bitcoin at lower prices.

Indeed. It is an established coin and trusted by majority of investors who are not eager to profit in a short period, it takes time but we know it's worth it. On the other side, many investors are afraid to buy during dip because of further price decrease. We can't pin point the real bottom so the best deal here is, if you can afford the price (since it's way cheaper compared to ath), go and fill your bags. Anything can happen which means the price can rise unexpectedly.

Therefore if we don't want to miss the chance then think what you can do to take advantage the situation. Anyhow regardless of how you accumulate (DCA or buy the dip), what matter is you understand what you're doing and firm on your decision about Bitcoin.

One such strategy can be done using the DCA strategy in Bitcoin investing. Because you can invest any amount of money at any time, they will surely accumulate a large amount of wealth if they accumulate small amounts of investment over a long period of time. People who ignore the DCA strategy and invest (if old investments) will regret it because they invest and hold for life. So you can rest assured that the DCA strategy is one of the reasons why investments are used in such schemes and that investment will not be shifted outside the DCA strategy. And investing without DCA strategy must be exposed to risk (DCA strategy minimizes risk) and the investor can realize something good from this.

You have choosing a perfect buying plan, and you acknowledge well that you can’t predict the best time to buy bitcoin although every time that you buy can be classified as your perfect time that’s if you don’t plan on selling anytime soon.

DCA Strategy have proven to be the best way for both those who are experienced in the crypto business and those who are just newbies to buy bitcoin at the very point that they can never have to regret, for those who have a target price that they want to buy bitcoin most times always end up getting disappointed I mean they might be waiting for bitcoin price to drop below $20,000 this week before they can buy but at the end of the day they will always see bitcoin price going up instead of dancing to their turn. So you choosing to DCA is the best option because you won’t join those who have been waiting for bitcoin to drop down to $4000 before they can buy because they will wait forever.

Whoever is using DCA method to accumulate bitcoin will not bother about the price of bitcoin either it is goin up or down because with your regular DCA, you will keep adding to your bitcoin. Worrying about the price moving up or down might distract you from accumulating the quantity of bitcoin that you want to accumulate and you will lose focus, because you will be busy speculating on bitcoin price that you are not sure of, since nobody knows the next movement of bitcoin price, either it will move up or down. Think of how to add more bitcoin to your portfolio and don't think about the price of bitcoin if you believe that bitcoin price will recover and that bitcoin is worth investing in. So many newbies give more of their time to the price of bitcoin instead of using that opportunity to increase their bitcoin portfolio, DCA is the best way to accumulate bitcoin due to the fluctuations in Bitcoin price.

Apart from the price recovery the real reason why people trust Bitcoin is a project that is truly decentralized and completely under the control of its users so no one can able to control it or ban it like most shitcoins which keeps encouraging people to invest more and more once they start to reap the actual profits from bitcoin investment.

Currently, we are at $27K, a small discount price so whoever got the money doesn't miss the deal.

I'm always amazed at most person forget just how insane bitcoin prices can get, in either direction. Lots of speculation can be made but only a few at some points happened. Don't be surprised that Bitcoin at 26.6k now could actually mean it might go down the 25k like you speculated. Maybe even lower, like 20k.
Yes anything is possible, even the price might as well go to 30. So lets sit tight and enjoy the ride. If we have enough fiat to buy when it goes lower we should not hesitate to buy more using a well structured strategy. One thin i realize is that the appreciation of Bitcoin is inevitable just like its growth and adoption are. Correct me if am mistaken

I am not worried about the price. Because the war created fear in everyone's mind, but it did not have any effect in reality. Because many people use bitcoin to send money to the war area here too we find the use of Bitcoin. But we will not always take it negatively because for those of us who have been waiting to buy, an opportunity has come again. Although I think this situation may return to normal in a few days, but during this period those who exploit and buy bitcoin from the dip will be comparatively more profitable than others. Since we are committed to investing in Bitcoin for a long time, we are not worried about temporary price fluctuations.

As we were discussing this, Bitcoin once again started going down. Right now the price is at 26.6k on CMC and we cant say with certainty that where price will go from this. 25k support may be tested once again.
People give too many predictions at times and if anyone of those went true they say "I told you so". The fact is we have seen so many predictions about Bitcoin and majority were false.
In current scenario it is easy to predict that price may restrict in 25 to 30k range because thats how bitcoin is behaving for last few months. But there is no way we can predict the long term price of Bitcoin.

If you're a potential investor, then know that DCA is one of the best and most flexible means you could use to acquire bitcoin because it has the ability to reduce the rate at which you could experience loss whenever the market goes unfavourably dip, then as everyone has already contributed, it is very important to know the process of how to observe this hodl, when we invested, we work towards a specific target and have to patiently wait till the target is being accomplished on our stead and if the market goes the other side, being unplanned for, we have a reduced rate to how we can incure or experience the losses that comes after through the DCA pattern already used.

No method of buying that is bad as long you are increasing your bitcoin investment portfolio. You should also put into consideration that most someone that is blessed and buys a lump sum at once when the price is high, might not be able to accumulate more than someone with regular DCA. This is because who buys at lump might buy when the price is far higher because he doesn't want to wait for the dip and might spend the funds for something else if he doesn't buy immediately. And before you know it, if bitcoin price dips very low, that person that is DCAing might be able to take advantage of the dip to accumulate aggressively to buy more bitcoin on a discount. Before you know it the DCA person portfolio will keep on increasing and because he buys regularly disregard of the price of Bitcoin his portfolio has the possibility to be higher that one that buys at lump sum once in awhile.

What I will do if am blessed with much funds is that, instead of me buying lump sum at a spot and relax, I will prefer to split the money into three parts, where I will use 30% for lump sum, 30% for reserve to buy at the dip and I will use 40% of regular DCA, with this combined three strategy my bitcoin portfolio will increase higher compare to one that just purchased a lump sum and relax because I will take advantage of bitcoin market and any given price. For those with low income and and newbies, DCA will help them increase their bitcoin with no fear or stress. I can't do without the DCA strategy presently because it is helping me to increase my bitcoin investment portfolio.

Indeed, patience is the essential ingredient when it comes in achieving success in any kind of investment, especially in the case of Bitcoin. Bitcoin has history of extended cycles of bearish phases and relatively brief bear market periods. The past has shown us that it is a smart move to accumulate Bitcoin by employing prudent strategy like DCA during the longer periods of bear market. In order to make this strategy work, you need to chalk out a carefully thought out plan to spread available funds over longer period, so that funds are always available for investment, not only to employ DCA strategy, but also to take advantage of significant dips, which keep overall investment cost lower.

Truly missing the opportunity to buy Bitcoin now would be a very big mistake that someone could seriously regret in some time in the future because just like what happened in years ago about Bitcoin price and getting to these amount now, somany persons regreted to have missed a great opportunity of not buying the Bitcoin then.

However is not too late to accumulate Bitcoin now, perhaps if DCA method is not good enough for your accumulating pattern because of how big your funds is you could as well adjust to the method that's well suitable for you because DCA is not actually a compulsory  that everybody  most use but instead is just establish to help people especially with the beginners with low capital to manage there risk.

So it doesn't matter using DCA method to accumulate but what matters is how well you are managing your risk and at the same time accumulating in other not be left out.

One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin

I think the method to use depends entirely on the individual in terms of comfort, financial situation and risk appetite. Other factors that come into play include motivation and future plans. That being said, there are people who prefer buying by market execution irrespective of the price. For example, MicroStrategy have been known for buying huge amount of Bitcoin at once and they rarely pay much attention to the price because they are obviously holding for long. This link shows their Bitcoin accumulation history and as can be seen, it does not follow a pattern we can say it is DCA.

On the other hand, there are individuals and organizations that prefer the DCA method, leveraging on its numerous advantages to suit their buying habit and culture. A good example is myself; I find the DCA method suitable for me as it aligns with my cash flow and psychology.

In conclusion, there is no one method that is best for buying Bitcoin as it depend on a lot of factors, the most important thing being that we should buy and hold.



Not buying at all is a mistake, in my opinion. Like I said before, every method of buying is good and depend on the individual. Just buy Bitcoin in a way that is convenient for you. Some people are busy with other things of life that they might not have time to apply the DCA method; example of such people are seafarers/vessel crew that can spend months deep sea without good internet access or access to their bank .... they cannot effectively apply monthly or weekly DCA so they just buy whenever they have can.