Topic: Buy the DIP, and HODL! - page 510. (Read 135878 times)

I don't think buying Bitcoin have any measure of efficiency because the various methods being discussed are based on personality, peculiarity, and preference. I will try to explain and hope you understand. First there are people/institutions that have capital at their disposal and can buy sizeable amount of Bitcoin without blinking an eye. For instance, MicroStrategy have been buying Bitcoin in large quantity through instant execution (I will call it instant execution because the quantity is not uniform even though they buy often). They really do not consider the price or the dip... they just buy and this shows that they do not adopt the DCA method.

Secondly, there are people who have been applying the DCA method to fill their Bitcoin portfolio because they find the DCA method better and more convenient for them. You cannot say they are not efficient because in both cases, they achieved their target which is accumulating certain quantity of Bitcoin at a predetermined time.

So, the concept of efficiency do not really apply so long as the purpose is achieved.  Both aggressive buyers and those using DCA do that to satisfy their objectives and the method adopted depend on preference.

It has been abundantly stressed that DCA method does not care about the bottom or the price. That is to say that seeking for the bottom while at the same time claiming to be applying DCA is a little challenging to understand because you might be mixing up entirely different concepts. The  beauty of DCA is that it even help you eliminate the worries that comes with seeking the bottom.

But with all you have said , are you Investor of bitcoin ? because the way you type your post? it just a stand of neutral person here in forum.

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Please don't lose your hope and chance  , invest now or be blame yourself in the future.

specially now that the price is lowering and yes this is the best chance to buy for the net couple of month or at least a year of holding.

Look at the title? that stands this very moment , from 67 thousand dollars now down to 26k? take this advantage mate and celebrate with us sooner.

Well this is also one of the important points that we should pay attention too, it's not funny when we prepare for a better future, but we feel a heavy burden at the moment. Everyone has different abilities as well which has been widely discussed, it is not a problem for those who have a high income to allocate $100 every month or even every week. But for those of us who have lower incomes, we should definitely be more adjusted to our abilities. Whatever the amount is it doesn't matter as long as we feel comfortable and not burdened, the most important thing is that we must be consistent.

I already account for the need or the preference to change strategies as you accumulate more bitcoin and as you become more familiar with bitcoin (and even your own particulars).  If you are brand new to bitcoin and you hardly have any clues, you may well be much better off just setting some kind of an automatic buy of $10 or $100 or whatever happens to be your amount and don't think about it for a few years and then perhaps come back and study the space more at a later time or maybe after you have spent some time investing, the growth of your investment (merely from having had been buying for a decent amount of time) might thereafter inspire more studying into the topic. and even to be directed in such studying based on the performance (or lack of performance) of your BTC portfolio.


You still have to spend time learning about what is "more efficient" accumulation, and you are not going to know as a newbie and you are going to have to spend time studying.. and sometimes people don't have time, so it is better for them to just employ a more strict DCA approach.


Yes.. someone who already has a lump sum of value is going to have more options.

many times people do not have lump sums of value that they are either going to put into bitcoin or want to move in order to put into bitcoin..

If you have a lump sum available for investing into BTC, then you have three categories which is lump sum buying, DCA and buying on dip.  So a default division might be to divide such lump sum into three rather than thinking about all or nothing in terms of any one of the categories...

I have never suggested to ignore those three categories, even though DCA does tend to be better for most people and most people do not have lump sums.  I also don't necessarily consider that new cashflow coming in has to be DCA'd. so for example if a person has $100 per week available, he could choose to divide it into two.. half for DCA and the other for buying on dips.   

And again complete personal discretion and it is good to know the three categories and to figure out how much to emphasize on each one, with perhaps the default being DCA until getting up to a certain level of BTC.. and so as your BTC portfolio gets bigger, your options increase too, which tends to remove DCA from the default position.. especially if you start to become more informed about various aspects of your finances, your psychology and BTC.


I fixed your link.

Of course, that website can show you how many dollars you would have spent for $100 per week over a 9 year period and also show how many BTC you would have gotten, and of course, the upcoming 9 years are likely going to result in way fewer BTC.. Yes.. the last 9 years ended up getting you nearly 39 BTC for that $100 per week... and the next 9 years might well not even get you 0.5 BTC for that kind of level of weekly investment into BTC.  WE cannot tell for sure, but we an tell how aggressive that we are able to be in terms of our own life balances, and also realize and appreciate that there are no guarantees in regards to whether we made the right choices in terms of our chosen balances (what we invest into, how we invest and how much).


You don't seem to understand bitcoin very well, jasonjm. 

To get a bit of a better perspective, you might need to zoom out a bit and you might even need to study what bitcoin is exactly.. and how it adds to the various kinds of incentives that are likely going to change the way that people invest... even though it could well take bitcoin more than 150 years to get to its value in respect to gold for example. which would be around 1,000x gold or more.

So how do those dynamics of sound money work?  Value gravitates into it in the long run even if a certain amount of fuckery, misinformation, manipulation still may well be contributing in the short term, but the longer that bitcoin is around, the more people are actually learning about it rather than spouting out ill-informed talking points which seems to be what you are doing jasonjm.

Well, in the past, we have seen that when there is economic uncertainty, the price of Bitcoin also plunged. For example, during the COVID-19 pandemic, BTC dipped below $4k, so did the rest of the stock markets. Arguing that Bitcoin is an inflation hedge is still not a valid argument. Bitcoin is an asset but has and will fluctuate when there is economic pressure.
Everyone is investing in Bitcoin to earn profit. But, when we look at the other side of the picture, it is evident that Bitcoin is not as decentralized as we say. Major institutional investors are increasing their portfolios, and at some point in future, they will manipulate the price at will.

Therefore, having a long-term plan structure must be able to ensure that what we are betting on in the future can support success. Regardless of what the current economic cycle looks like, value storage will continue to be paid attention to by institutions. I know the impact on Bitcoin but at least large ownership controls we also need to worry about. Thus, the stability of Bitcoin holders and institutions aims to maintain Bitcoin as long as possible amidst threats.

Besides you see it as positive, do you know how vulnerable political and economic issues are when you take advantage of the Bitcoin industry to facilitate your interests? for example, presidential candidates or regional representatives who proclaim that if elected they will support the adoption of Bitcoin, but do not consider their country's policies with the fact that everything needs equal regulation. So that people who have high hopes take advantage of their voting rights feel disappointed in the end. Can we avoid it? no, we can only minimize what we maintain is truly within our own control rather than relying on policies that will not be realized at all.

Now that the world is seeing increasing levels of uncertainty, Bitcoin would be a possible contributor. As an asset Bitcoin has proven time and again that it rises more sharply when political and economic issues develop, which I think will bring more institutional investors into the domain to balance their portfolios. It's taking risks and leaps but that's the real investment in technique and the mechanics are individual for sure.

At this stage of this current Bitcoin woes one should not have high hopes for Bitcoin price movements. Because it is impossible to tell exactly when Bitcoin price will move, we should save money and invest at the right time. Money must be backed up and Bitcoin must be cautious as investment should be prepared and prepared in advance. Bitcoin halving in 2024 is much more likely to hit a high in the coming months than this halving is expected to halve next year. And if you invest based on your thinking, you can definitely face losses because Bitcoin price will not touch the peak this year . 2023 So based on your thinking you can get hurt if it doesn't reach a certain price (based on your thinking). Bitcoin price will definitely break through the high price touch next year after the halving but no one can say exactly how high the price will be. You can't push the investment mindset overboard, always have a backup mindset.

Everything still requires good and accurate calculations. We are currently at a relatively stable price, perhaps for a while Bitcoin in the current market provides more opportunities, especially for retailers or those who simply want to invest long term.

Actually, there is no asset that is 100% immune from inflation. Because even though market sentiment is moving aggressively, inflation conditions make people worry that they will not be able to survive the inflation cycle. Except for those who have a fixed income so they can control the Bitcoin they hold more freely.

Fud is good for balance if we can think from different directions. Someone who knows the risks of holding assets on a centralized exchange without trading them knows where to secure those assets. Because the main key in this case is securing it in a cold wallet. Exchanges are only for options when needed, not as a safe storage option, no matter how reputable a crypto exchange is, it does not guarantee anything that your assets will be completely safe. It's a different story for those who are active as day traders, the risk is much greater than for investors who secure assets in cold wallets.

Actually I see no reason why those negative news will affect Bitcoin growth, already there are countries that doesn't allow crypto based on the reason best known to them which in most cases make sure they influence everyone with negative news about Bitcoin, the truth is that when it comes to Bitcoin you can only be influence with negative news about Bitcoin if you are still a beginner were as you no nothing about Bitcoin and as such becoming venerable to be deceived and with the fear of uncertainty, but we that believes on Bitcoin can never be influence by any negative news about Bitcoin because we already no the potential of Bitcoin and were is headed.

waiting for the DIP is good but waiting too long will only make us miss the train!!
so buy whenever your intention is strong lol

Bitcoin prices are strongly influenced by market sentiment, that is undeniable, in my view, investors are already quite aware of Bitcoin as an asset that is immune to inflation, investors will definitely move quickly when bad news arrives, they will definitely exchange their funds to Bitcoin as a protection for the value of the money they previously owned.

but well, we know, when the bitcoin market is moving positively we will be presented with FUD news such as crypto exchanges being hacked, bitcoin bad for the environment, bitcoin being banned again by the government and so on ^{(you can investigate it yourself)}

in the end, Politicians will always play with bitcoin for their own interests, don't think too much about the FUD against bitcoin that will continue to emerge, they have already designed that.

Yeah I made sure that it won't have stress problems so between $30 and $50 is still relevant for me, this is of course looking at the current situation it is not impossible after running 1-2 years the level of aggressiveness will increase as you said $100 per week this is still possible for me to do if it is running with the ability and cash flow becomes high at that time.

It's not that I don't think about how to be aggressive towards bitcoin which must be increased the flow is still below to go beyond $100 to bitcoin need additional other income to pursue this target of course if $100 a week will generate 2-3x greater than usual - this is just the beginning a few months need to learn a lot including how other travel challenges including when prices are high the desire to sell is always there but however it must be endured because long-term plans are far more meaningful than selling because they see others.

After all I have planned this for the next 9 years: https://dcabtc.com?sd=2014-09-27&sda=9_years&f=weekly&d=9_years&ac=10000&c=false

They do come naturally to Bitcoin and that's why you don't have to get yourself be affected much from those factors.

Interest there are little and what they can promise you is the safety of your money. But then, with many news coming from the banks in some countries, they don't even allow their depositors to withdraw their money.

That's why, you shouldn't really let your money sleep on them. Maybe just the amount for emergencies.

I agree with the last point you made because acting according to our level of ability is a pretty good thing, because the investments we make do not become a burden in our lives. I've seen several posts that the investment they made in Bitcoin became a burden on their minds. This was caused by their aggressive decision to buy instantly. So they appear unprepared when prices fall because they do not have asset reserves to accumulate at low prices.

So, for that reason, I don't like to act more aggressively, but I regularly buy even in small amounts. In other words, I invest for the long term so I can continue to buy at every stage. But I also don't oppose those who act aggressively because they have found great planning in their investments so they have thought about the decision beforehand.

The level of recession in parts of the world continues to increase every year and continues, which has a big impact on the people's economy. But you have to know that we are in the modern era and those out there understand the level of world progress in the current modern era. So the level of recession will not have a bad impact for the online industry sector. Now for Bitcoin, I think Bitcoin has gone through many bad periods from various disasters that occurred such as Covid and in fact Bitcoin has absolutely no effect or causes the price of BTC to fall, because this is based on buying interest which occurs continuously even though the country/region is in lockdown. However, several surveys say that public interest continues to grow quite high in Bitcoin. That's the solid foundation of Bitcoin, so don't expect Bitcoin to have a big crash because of the recession that occurred, maybe a small correction and quickly restore the situation.

Bitcoin is an investment alternative that is being favored by entrepreneurs, Business people and large companies in the world. For example, MicroStrategy has accumulated more BTC recently. Of course, that is the answer if they are not afraid of a recession occurring in other parts of the region, they even say Bitcoin is a better investment for now.

Beginners or those who are continuously learning Bitcoin they have big ambitions to have some BTC in their portfolio. So are they wrong, of course they already know that Bitcoin is a more promising investment for this modern era. DCA has always been their solution and I assume that if they continue to be haunted by the bad factors of economic decline in a region then they will continue to be afraid of making investments in any form. That thought must be avoided and I also agree with Wind_FURI opinion, if you have a strong funding level then wait for Dips, and act aggressively in accumulating BTC.

You have a good point, @MCUKing, while trying to accumulate more coins, like up to 1 BTC or more, if considering the prices, the person will not end well, because I feel that as long as the person is considering the price of BTC, the price is high. The person will end up not buying because the price of BTC is high and the person will wait for it to dip before he continues, and sometimes btc continues to increase, so at that season the person has missed the opportunity. Waiting for the btc to dip before buying is not a good strategy that can be used to accumulate btc. As long as an investor is using the DCA methods to accumulate, he will not be thinking about whether Bitcoin is high or not.

JJG while I was reading this thread most of the time, you do support the aggressive buying & DCA and even now here Hybrid DCA what you call is not wrong at all, is what I think more suitable, No doubt with the DCA the accumulation will be more risk-free, but it will be risk-free not much effective or efficient. To make the DCA more efficient sometimes we need to lose the strictness and that is why I used to say sometimes besides DCA you need to prefer the change in strategy.

Price really doesn't matter if you are getting involved in the accumulation to achieve a particular amount of Bitcoiner's hard-lined Bit coiner but it does when it comes to more efficient accumulation.

Let me explain it with 2 sorts of Scenarios.

case 1: A person wants to accumulate 1 Bitcoin according to the cyclical movement and he knows that if the market stays in a range from this point to this point I will invest X amount per Day/week and I will reach my goal at this time.

case 2: Here's a person who has enough capital as well and wants to accumulate 1 Bitcoin but He's not sure about the bottom He stared his DCA and now he got a DIP and here changed the strategy from DCA to instant Buying of 10% of capital and again started DCA and again he bought the DIP.

Now the more efficient Buying is done by Person 2 because he already accumulated 1 BTC before person 2 and His total capital spent in USD is also lower than the person continuously following the strict DCA.

I like what you said in this regard and it's true because at the end of the day we invest not to make things difficult for ourselves. If you really can't afford to invest a bigger amount then at least you do it with something smaller because in the end no matter how small we invest as long as it is done regularly and really consistent then I think it will be much better than when we try for something big and force ourselves which causes us to stop halfway so it's better to take the first option with the amount according to the portion that we can afford.


Price can be important in this case but when we decide to invest seriously and of course with a good scheme then it is indeed okay not to look at the price and buy when your plan is good because in the end when we always focus on the price we will never enter because it is always worried that there is a lower price in the end. rather than like that it is better to try to start and when the price has decreased again then there is no harm anymore to allocate funds and try to continue to be consistent with the supply we allocated regardless of whether it is trending up or down because what we are looking at is not short-term but long-term.

The uncertainty of the Bitcoin market seems to get me and most persons worried, I would say that statistically the percentage of person who dont trust the legacy market and those who do is at 80 - 20. No one is certain but we might experience a global crash in the legacy market in the coming years its crazy that the level of it might be high and I dont see it to go anytime soon.

I have more faith when I ventured into bitcoin than I do now but I am still in less doubt because with all these ups and down presently Bitcoin has still maintained its reputation, with this alone I am convinced and am not scared of what market crash, economic inflation, Political influence will affect Bitcoin. One thing I would regret if I do is to save money the traditional way because ill rather invest my money than let the bank do it for me.

Yeah that's cool because one of the barriers or factors that can possibly affect our psychological reasoning after accumulation is regularly watching the price movement of Bitcoin because it cannot only affect you psychologically but also emotionally were as you could seriously be panicking seeing the price going opposite direction but perhaps if your intention of accumulation is for long time holding I see no reason why someone could be regularly watching the price movement.

Although if your strategy is for long time holding were as you made mention selling off your Bitcoin if the price moves drastically, for me I will call it a panic sell because it boils down to our discussion about the factors that affect our psychology in times of holding so deciding to sell off your accumulated Bitcoin because of a drastic price increase shows that you were influenced by price movement, perhaps you could regret after selling your Bitcoin were as the price keeps skyrocketing and never gives you the opportunity to accumulate again due to the market spiking, so we shouldn't allow emotions to overwhelm us as such losing opportunity we were supposed to have wile holding.