Topic: Buy the DIP, and HODL! - page 508. (Read 135878 times)

I agree and have even experienced investment schemes like what you say. Maybe I still do it now, where the amount of investment spent is always not the same value, it could be $100 per week, or more often only $50 per week. This investment scheme is not suitable for most people who are consistent and know that their spending on Bitcoin will be determined well in advance, even for 1 year when reliable investors have prepared it. So when it's time to enter they only need to press the buy button.

I still remember saying that you are a person who is open to other people's opinions even if they have to disagree (hopefully you still remember June 09, 2023 ). Therefore, I always look for all investment doubts in several threads, paying attention, studying and comparing my investment methods which are not very consistent. Where do you think I should improve inconsistent investments, because limited income is the main obstacle, but the intention to become part of Bitcoin holder is the dream of many people, including me.

The idea is not bad, and it combines the concepts of DCA and buying on dips, so it ends up being a kind  of hybrid DCA approach, and if someone is in their early stacking stages, they might not be benefitted by that kind of a level of DCA reduction.. but sure, each person has their own considerations in terms of how heavily they may end up choosing to stack their sats and also what they might consider reasons to transition into purposefully lessening their DCA stacking.

A thing that I like to think about is how close that any of us might be getting to our own definition of fuck you status (you can see my projection of a kind of default entry level fuck you status here) and with that we might be able to project how many coins we believe that we might need at certain points in time, so whether or not we think that we are able to reduce our DCA approach based on higher prices might be seen in light of how close we consider ourselves to be in terms of fuck you status, projections of fuck you status and/or considerations whether we might feel that we need to stack beyond our targets in the event that BTC prices might not play out as bullishly as we might have had anticipated.


Hopefully you do not end up selling too many BTC too soon, and a lot of BTC HODLers have learned to modify how much they plan to sell.. and sometimes they move down from their ideas of selling 100% to selling 50% and then sometimes they realize that maybe they should not sell any more than 20% to 40%.. so there can be some variation and even some decisions to cut back on the idea of selling - especially since many times the previous ATH is not really a place to sell.. it is known as a kind of deadman's zone in which the BTC price tends to pass through.. of course, no guarantees...and maybe that is why sometimes folks end up selling too much of their stash at previous ATHs but then the BTC price does not end  up revisiting those previous ATH prices when it drops back down.. your milage will vary for sure.


Part of the reason that your system likely worked out so well, @lienfaye, is because many times we have no fucking clue which way the BTC price is going to go, even if it is going up in exponential kinds of ways.. so there are plenty of times that it does not really pay off to be engaging in too many tactics to reduce your DCA in too dramatic ways..   The more BTC that you accumulate, the more at liberty you will start to feel that you are able to reduce some of your DCA and/or increase your DCA.. but it does not seem to be a very good beginner move.. even for someone who had already been accumulating bitcoin for 3-5 years, if they are far from getting even close to fuck you status, then there may be no real value to be reducing their DCA in any kinds of significant and/or meaningfuil ways merely because the BTC price went up.

DCA is good and ideal for investors who don't mind the current price to buy Bitcoin. The idea of buying consistently on set price is less stressful since you don't have to worry if the price is going to increase/decrease further.

I tried this before and able to sell last bull run but what I experienced to be more effective is still buying during dip. Although it takes a lot of patience, and you have to refrain yourself on thinking negative thoughts if Bitcoin took longer to bounce back. But still that's proven as profitable and working for investors who can let their Bitcoin stay on their secured wallet for long period and can wait for bull run before selling.

I don't know how everyone is DCA, but what I'm doing is I will DCA if the price drops more, but this is not often because I don't always have the money available every time the market drops more. The second method that I am using more often is that I will buy bitcoin at the beginning of the month every time I receive my salary. After I have deducted all necessary living expenses for that month, I will buy Bitcoin with the remaining money regardless of what price it is trading for. Because my sell target is still the new ATH, as long as the price remains below my sell target, I will buy without worrying about the price. Furthermore, bitcoin is unpredictable, waiting for a cheaper price to buy may not be successful.

You are right, once we have used the DCA method but still think about price it will greatly affect our investment.

Then it is not a DCA strategy if it only buys during the decline then a more appropriate word might be "Buy Dip" because it will buy when the decline occurs, even if they have limited money then it will be difficult to continue when they try regularly while their finances are limited then this will be difficult and hamper your DCA activity.

The last sentence is true that DCA is a strategy of buying regularly at any price, so if there is an investor running DCA just because he sees a falling price then maybe he is a little wrong, even though they are buying bitcoin prices at low prices.

Some time back I saw the same strategy of DCA being followed by one of the crypto YouTubers, who used to DCA around 200$ on every Monday. He also said that he will continue to do the DCA in this way until BTC is below 30,000$. Once the bitcoin reaches above 30,000$ he may cut his DCA in half, that is 100$ per week. Similarly, if Bitcoin reaches 40,000$, he will further reduce the DCA to 50$ a week. This way he will have the most amount of bitcoins in low prices. He will stop doing the DCA once the Bitcoin price is all time high again.

In my opinion, this approach is a really good one as you continue to do DCA throughout the bear market and are ready for the next Bull market.

Even though I agree with your overall point that it can be a BIG waste of time to be trying to strategize dips with your DCA funds, there can still be ways to reasonably try to buy on dips with your DCA, whether your DCAs are on a weekly or on a monthly basis...

And, yeah maybe newbies get way too preoccupied by trying to buy on dips and also getting worried if their BTC holdings are in profits or at losses, and surely for newbies there should be nothing wrong if the overall portfolio is at losses because if you keep accumulating BTC while the holdings are at losses, you are bringing down your average cost per BTC.. and sure it could still take a long time to get back into profits, but if you are in early accumulation stages, there should be some ability to just keep buying and not to worry so much.

Another thing is the recognition that it could take 3-5 years or maybe even 10 years of ongoing and consistent investing, whether in bitcoin or any other kind of asset, in which the investment portfolio (or bitcoin portfolio) is really starting to get into an area of potential life changing money, so surely it can become distracting to end up making newbie mistakes of cashing out way too much BTC too soon and then not riding out some kinds of up and down waves that ends up putting BTC prices way higher than the price that some or all of the BTC holdings had gotten sold...

So yeah, none of us know the future, and I can see why some people have difficulties continuing to invest in bitcoin if they might  not have any other investments and then if the BTC price shoots up, it could suddenly cause their investment amount to become worth several times their annual salary.. and they just don't have the discipline to figure out some kind of way of managing their holdings when it starts to become way larger than they might have had thought that it would become.  Managing your holdings is also getting off topic since this is largely a BTC accumulation thread.. .. but surely the ways that we accumulate BTC does likely get affected by our having had already accumulated BTC and if we think that we have enough or not and then we might start to just think about how many dollars they are which might well suggest to stop with the DCA at that point and to convert to buying on dips.. but it might not mean selling any BTC, but each person needs to figure out these kinds of balances for themselves.

People usually prefer to do DCA if the price goes further down from their buying price, They usually stop investing / DCA once the price goes up from their initial buying price. This may be right for people who have limited money, but the real essence of DCA is to make a plan to invest certain dollars into Bitcoin on a regular basis. It could be weekly, bi-weekly, monthly or whatever timeframe but it should be consistent. While doing the DCA, you would not look at the price. Just hit the Market Buy button and move the bitcoin to your cold storage.

If you continue to worry about the price in your DCA method then this will hinder you, it could be that you keep thinking about the price that has started to rise while still hesitating to continue? I think this thought must be eliminated at least whatever the price is if it's the DCA method then just do it.

This was my initial problem too when I started it was really hard when I kept seeing price movements, if you keep thinking about this then investing in the DCA way will not develop but you will be reluctant to continue because you keep seeing prices.
If the goal of DCA is long-term, there is no need to worry about it, it should be a habit for us that there is no stopping to continue DCA.

You misunderstand here friend because we are not discussing about how bitcoin grows but we are discussing the strategies that are carried out when buying bitcoin funds I don't mention anything about bitcoin growth because we already know it and have gone off the topic we discussed in the initial thread.
For 2022 it was the beginning of my DCA and it was only as a view and example when we are wrong in positioning ourselves then we will actually be confused as happened to me in 2022 because at that time I wanted to do DCA but my focus was only on the price which made my DCA disturbed. this is a complement to what @Moreno233 said about the DCA method not caring about the base or price.

I don't really understand what you are saying. In fact, your explanation is quite roundabout. I also asked what the year 2002 meant. Bitcoin was created by Satoshi in 2009. Even if I had to say that in 2010 only a handful of people bought Bitcoin because at that time many of us or those out there had not heard of the name Bitcoin.

So if you want to buy and hold Bitcoin then do it in any way you like, even with DCA or your own way. But in essence, buying and holding via DCA is a pretty good option, even many of them apply the DCA strategy as the best option for accumulating Bitcoin.

In this period many of us have missed Q1, Q2 and now we are entering the end of Q3. So to what extent are you consistent in accumulating Bitcoin, is there a big plan for you to hold for a long period like the next 5 years or just wait for the BTC price to record a new ATH and you get out at that time?

As a bachelor with such amount od income $10 is too small, look at it yourself (93000-9300 = 83700). You will still be left with a big amount of money which if you cut down your expenses and forget buying unnecessary things, you will still be left with more than 10% as the extra cash after you must have DCA with 10% and taken care of your upkeep and emergency funds. Like JJG said it is a pretty BIG ASS waste of time, why don't you invest with 20% and cut down your expenses because bitcoin is worth sacrificing for to benefit from it in future to come.

Since you are a bachelor and still very agile, you can look for another means of income so that you can use that to increase your bitcoin portfolio rather than wasting your time with 10% DCA hoping to make good profit in the long wrong. It is what you invest that you will get in return and that is why you need to have various meand od income, if your source of income wouldn't not enable you to invest a reasonable amount into bitcoin. Don't let this opportunity pass you by and make the right decision at the right time so that in the nearest future, when you look at your bitcoin portfolio, you can be proud of yourself and also your kids can also be proud of you.

As a newbie, you need to use DCA method in other to eliminate fear on bitcoin market price and for convenience.

Regardless of whether this becomes academic or not the end result is the same and I don't think there is any harm in looking at the various perspectives on whether bitcoin can be used as a hedge against fiat or not.
But back to the topic because it has gone away from the initial discussion as I said earlier, I don't really care about it especially with some of the theories that are widely discussed whether they are positive or negative about the existence of bitcoin because I only believe in what I do and until now I still think that being in bitcoin and investing in bitcoin is one of the things that makes me comfortable. it's been very more than enough for myself even though in the end this will also circle back to the discussion of risk I don't really care about other people's opinions because I just follow what I believe in right now by continuing to invest in bitcoin.

I like the point that you are emphasising here and it is true that if we are ready to invest in the DCA way, especially if we have started it, then I think there is no specific reason to look at how vulnerable the price is because consistency must be maintained.
The problem that often happens is when we're already working on DCA and we get bogged down with the thought of price, which in the end will make our strategy fall apart in the end.
My initial period in 2002 was like this because I was dizzy with my thinking that was based on price but over time that became the main problem I had because when I was based more on price we would be dizzy so I tried to learn from the beginning and indeed for now it can be said that my method is much better than before with DCA which should not be too concerned about price.

These people don't seem to understand the concept of decentralization. Bitcoin is decentralized, meaning it's not under the control of any government or financial institution. On the other hand, this so-called Cititoken is still government-owned because it operates on centralization. So, why would I abandon Bitcoin for a new centralized token that an investor is promoting online just because they believe everything will go their way? Not happening!

Anyone who advises or thinks I should swap my accumulated Bitcoin for Cititoken clearly dont know anything about the existence of Bitcoin, and I'll block such individuals. 

Corroborated, Banks have been considering Bitcoin as a competitor since its inception. While no one else knows about Bitcoin fast, the bank has a good idea about Bitcoin's future. Despite knowing everything, they are making various negative comments about  Bitcoin. But as people are slowly learning about Bitcoin and showing interest in it, banks are now trying to find a different way. Because they have assumed that Bitcoin cannot be suppressed.

In recent times, many have withdrawn their bank deposits and transferred them to Bitcoin to escape the effects of inflation. Those who want to invest not only for temporary gain but also for long term permanent wealth should know about Bitcoin and then he can invest. Bitcoin investment also has risks, but if the risks and opportunities are carefully monitored and long-term investment is made, then an investor can be successful in Bitcoin. But the point is that both Bitcoin and Banks convery the importance in different ways. So bank should not consider bitcoin as an enemy.

A bachelor without no responsibilities can invest $10 weekly if his salary is a hundred boxes, because the so-called bachelor has nobody to care for rather than himself, although not everyone can do that but someone who's determine and very ready for the investment and has such plans, no matter the monthly salary, as long as he's not spending recklessly and not also a gambler, bro he can invest $10 weekly.

In some countries, a $10 bill is not a small amount of money, but in other countries it is a small amount of money earned, so both the salary the investor earns a month and the country he's from, matters a lot, like in my country, Nigeria, $100 is about #98 thousand and $10 is #9300 naira so in country like this receiving such amount by month end you can easily invest your $10 into Bitcoin, although the economy in Nigeria is hard but if you don't have any responsibilities, and you are being paid such amount by the end of the month you can invest $10 per week into Bitcoin.

Who would say Bye Bye to Bitcoins for the Citibanks tokens 

We should keep in mind that these influencers can shill any token if they are being given the price. We never know how much money Robert Kiyosaki got from Citibank to tweet from his account. A modern way of advertisement. Ahhh !!!

No matter who tweets what, we are here to Buy the DIP, and HODL!  BTC

You're right but is totally depends on what an investors earn on a monthly basis because if using that strategy there could be a possibility of getting yourself into trouble with the investment which can affect your capital at the long run, it doesn't matter how much funds you use for accumulation what should determine it is your monthly salary because there is no way you could advise someone that earns $100 on monthly basis to use $10 for investment on a weekly basis, because in no time he will ran out of funds and will be forced to sell of his investment so that's why every amount invested should be determined by your monthly salary which will allow you to be stable and confidence while accumulating Bitcoin

If an investor is accumulating a total amount of $10 per week and the investor keeps to the plans of accumulating that amount, that is a good idea because $10 per month is about $40 and if the investor continues, six months' time, will be a total of $240, then think about when the investor constantly maintains that strategy up to 1 year it's about $480 per year and some of these months have 5 weeks.
If an investor can buy a steady coin for $500 and continues, in just 1 year that investor will achieve up to 2 BTC before the year runs out.