Topic: Buy the DIP, and HODL! - page 61. (Read 121870 times)

I think when it comes to investments, your personality has nothing to do with your pattern of involvement, it's your financial strength that determines the strategy you employ on your investment journey. In Bitcoin investment, you have to plan properly with the finances available to you in order to get the most out of your accumulation journey, if left for your personality alone, what of when you've mood swings? You can decide you're not investing anymore because you don't feel like and the stingy guy would not want to lose his money, but hedge depreciating fiat because of his personality, maybe the gambler who would throw in lots of money into Bitcoin, only to liquidate good investments when he's broke.

You need to properly learn about investment patterns and follow accordingly in order to make the best out of your investments and get profitable too. It's never about you, but about understanding the investment you're venturing into and using calculated actions to get maximum dividends from your investment and in Bitcoin investment, there's DCA for periodic purchase, buying the dip and lump summing when you've lots of discretionary funds available.

But you can't invest all the money you have in the bank into bitcoin. Either way you are still going to need to keep your reserved funds and emergency funds in Fiat. The only money that's not supposed to be kept in the bank is the money that's supposed to be used for investments, or long term savings which you won't be needing for a considerable number of years. Your reserves and e mergency funds should be kept in Fiat and possibly in the bank. But if you are scared that part you are keeping in the bank is going to be eaten up by inflation, you can store it in a stable coin like usdt. It is better to separate those from the bitcoin reserve you are accumulating that's meant to be for long term hold. Because if you keep all your money in bitcoin, if problem comes and you need money you are going to sell from that bitcoin and at that point you have started tampering with the bitcoin you have accumulated.

It is good that as one bitcoin investment timeline is increasing, that investor should also try and increase the price tat he uses to buy bitcoin ifhe is opportune to do that. That is, if he gets promotion at work and has his salary increased, he can increase his DCA amount or if he has an additional means of income.

However, if the investor does not have an additional income, there is no need for him to start stressing himself on increasing the amount that he is using to DCA, only if he is spending on irrelevant things that are not important, like gambling and drinking often, he can cut down his expenses and use the money to increase his DCA amount. It is good to DCA aggressively but don't overdo it so that you don't end up selling part of your bitcoin investment to take care of your needs.

Surely every personality is different but when talking about investing and what strategies they do later I think this may indeed be able to follow the personality but on the other hand this can also start with being forced when doing a strategy that does not really match the personality because after all when someone knows an investment scheme that they think is good and does not match the personality they have I think their option to force to stay in the stratgei can still be done.

It is possible because it is common and we will only make this a habit when we force something new like this into a habit that we have to do. I am someone who has a weight that is above average and even close to obesity, when I am told to diet because my weight can interfere with my life including indications of illness that I suffer from even though dieting is not a suitable thing for my personality but when it must be done to make my lifestyle better then I will do it as a form of habituation even though it is not something I have ever done before.

Similarly, by investing in bitcoin when we really believe that there is a strategy that can make us get more optimal results even though it is a little different from your type and not too suitable for our personality but we will definitely try to get used to it because it is still considered the best thing to do.

What's there to wait about? I think people who aren't holding are either just scared or really not that into keep Bitcoin because I believe even till date there are still lots of people who don't actually know about the true essence of holding Bitcoin rather they just dive in due to maybe what people are saying about it and those kind of person just give excuses because I see no reason to wait if you already have the mentality and know that Bitcoin is steady growing despite it downturn and bear season everything at the end still results to a new and bigger price just that time is the one holding everything so it's better to have a blank space mind about the price and just continue buying and holding till the price gets your attention to sell maybe for like 8-10 years or even more that's if you have the balls.

In fact the cash flow should be consistent as if you keep doing DCA and increase the flow level on the other hand it will give you extra level to invest. I mean if one starts depositing bitcoins through DCA method he has to gradually increase the level of cash fund and if the amount of floating cash fund is enough to meet his family's daily expenses for 3-6 months then he can increase the level of depositing bitcoin. Later if his cash fund continues to grow and is enough to cover household expenses for 1-2 years then he can run aggressive DCA or aggressive lump sum Bitcoin buying as per market conditions to further accelerate his holding growth. With the DCA method you should have more cash flow to reduce the tendency to accumulate particular levels and increase the amount of Bitcoin deposits.

What's the point of holding money without investing? Maybe because it's waiting for an uncertain downturn? Obviously this will be easier to get FOMO when bitcoin has soared and he doesn't invest but just holds it while other people who are successful with consistent DCA continue to experience the profits he does all the time with his DCA then those who hold money will FOMO and buy bitcoin prices at high prices, it is not wrong to buy any bitcoin price as long as the long-term is 10 years, but we know people who are FOMO will usually feel easy to panic again when prices fall.

Unlike an investor whose DCA strategy will remain consistent under any circumstances.

But you may have missed the point, ser. Because those people who would be more comfortable in buying the DIP would have already bought the DIP. Plus it's not about what you believe is what's "perfect" for each and every individual. The point also is for each and every individual to choose and know which investment strategy fits their own personality because each and every one of us are different, no?

¯\_(ツ)_/¯

Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy, and part of the reason that DCA is better than buying on dips, especially for newbies, no coiners and low coiners, is because they need to buy BTC in order to prepare for up.  Once they have some BTC, then they might have more luxury to wait around for dips, since once they have BTC then at least they are somewhat prepared for up rather than not being prepared or being insufficiently prepared and having to panic merely because their dumbass personality did not cause them to do the right thing for themselves, which is to buy some BTC in order that they would be prepared for up.


I am all for considering long investment timelines, but let's attempt to be realistic and practical.  Some folks don't have a 2-3 decade investment timeline.


It is almost irrelevant what you are saying since we cannot turn the clock back.  Either you invested or you did not invest. Remember October 2023, you were waiting for bitcoin prices to go down and telling everyone about the dip down to lower $20ks that thought was coming, and at that time the BTC price was already below the 200-WMA, yet you were telling people to wait for more dip, that did not end up happening, and the opposite ended up happening.. which was going from $27k to $74k in a matter of 4-ish months.  How did that waiting for the "perfect" time work out when you had not even known that you were already in a good enough time?


If you are holding back money and not investing, then you may well be led to FOMO more easily than someone who is already investing (through DCA) on a regular consistent and persistent basis.

DIP is not possible for everyone is because there are many investors who can't wait till DIP market is developed for them it is best to use DCA method only for them not to use DCA method for everyone. But I had invested Bitcoin from DIP market long ago and wanted to continue the DCA method as a result of which my investment was seen to be very successful.  I still continue to invest using the DCA method in my investments. I was out of work on bitcoin forum for quite a while and was not able to earn but I had a physical source of income from which I continued to invest using the DCA method with some money. I have always thought that if I can buy bitcoins and invest using the DCA method than keeping money in my bank, I will get many times more returns than keeping my money in the bank. Moreover, almost everyone knows about my situation in Bangladesh, it is not safe to keep money in the bank from this country, that's why I always keep money in Bitcoin instead of keeping money in the bank, which is why I am constantly continuing the DCA method. I hope that the way I am going is the best way to go.

But there WAS a perfect time to invest in Bitcoin. That was during the bear market when the price dropped near/under the 200-Weekly SMA. Because people miss it doesn't actually mean that it doesn't exist.

 ¯\_(ツ)_/¯

That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.


I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.

I think you misunderstood what I was trying to say. I didn't say that someone cash flow can not affect their investment, DCA method to be precise because sometimes one's cash flow may not be stable and sometimes it can be stable and even exceed what they actually use to earn in a week, month etc as the case maybe and these can affect our investment pattern ( either reducing what we use to invest or increasing what we use to invest) so don't get me wrong. What I was saying is, examining the market doesn't make one good investor after all we are not traders so examining isn't necessary and I was also saying that the decrease or increase of Bitcoin price doesn't affect our investment provided we are using the DCA method.

Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.
You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest, what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

It is funny that till this moment poeple that have been part of this investment do not understand how it works, what's I their to examine when we already know that our target for this investment is the future, we should stop examining anything because there are things that may deter us from investing if we continue doing that, instead of those antics of procrastination which self delay why not apply the mindset of buying the little you can afford at a constant pace or rate without obstruction and keep hodling for a long-term to avoid being left out in the future.

Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.


I'm VERY confident that most of those cryptocurrencies that are not Bitcoin will simply die and/or become irrelevant after two or three decades. That's also how long your time-preference be for your Bitcoin investments in my personal opinion.

A good pattern, not a chart pattern but the pattern you say. Hitting the buy button is the best among many strategies available today.
Investors will be successful in accumulating lots of bitcoins because they are diligent in hitting the buy button.

Bitcoin investment is the best compared to shitcoin. I am not sure how much has been lost by buying shitcoin. They should be aware of themselves to buy Bitcoin today.

This part of your post has been addressed by jayjuanGee in one of his posts in other thread of which I found meaning to it about the idea of the DCA strategy not to be only subjected to the same amount, that what determines your DCA amount is your cash flow and your expenses, considering the fact there are times when our expenses makes difference either in weeks or months, one must be able to tailor down his or her DCA amount according to the cash flow and the expenses, the dca strategy is more simplify and shouldn't be seen as a burden of compulsorily meeting up a particular amount all the time.

Yes, absolutely. A lot of emphasis has been made regarding this topic thread which has incurred a lot of knowledge on investors to make choices when deciding to invest and how to keep up there investment plans but all discussed are just options that are laid to part every investor to a successful investment. Meanwhile, discussions/ideas made (shared) are supposed to be well filtered before implementing, every investor are entitled to how they view and would want to manage their investment, yet said it is aswell beneficial to pay more attention to interesting ideas discussed and perfect into our investment process.

Whether to DCA or DIP, I find both convenient (in midst DCA best) because I get to understand that investment strategies can be compiled not basically doing one and leaving the other, first is being able to understand when and how to implement them before doing so.

Emergency funds, Reserve Funds of course must be controlled by ourselves. We invest with our own money that we earn from the work we do and we are the ones who manage our finances, not other people or our parents.

However, if they are still students, it is quite natural for their finances to still be controlled by their parents. But we are already married and have a wife, so we are the ones who manage everything about finances. Whether it is in the investments we make, of course we control everything in the expenses and savings that are made.

There are several concepts in investing in Bitcoin that we might be able to think about before we do it.

1. Have a sufficient income so that we can set aside a few percent to invest in Bitcoin.

2. Have a good stance, meaning that we manage our finances well without any pressure from your parents or siblings.

3. In investing in Bitcoin, you can be anonymous or not tell anyone other than your wife or children.

4. Manage your cash flow, be it reserve funds, emergency funds, or regular funds that you are ready to use anytime you need them.

 5. If you apply investment for the long term then patience is very much needed. Do not be reckless and never be emotional with any decision you make.

I couldn't grab the actual message you were trying to pass from the first paragraph, but I agree with the other part of your writeup.

Let me just add to what have been said from other two paragraphs. When you say students, we are not just referring to every random individual that carries a school bag to class, take lectures and do assignments. We are referring to individuals that are financially open minded, and understand the need to prepare for the future. In this current generation, education is not longer a go to school and get a job approach. Sorry to say this, but the truth is that, the majority of those in schools don't even know that the future demands alot, and early preparation is the key. Take El Salvador for example, where Bitcoin is a legal tender. I sometimes watch online videos of some of their students, as they are been taught how to perform basic Bitcoin transaction and other things that are related. Such basics is already/automatically a open door to encourage them to invest in Bitcoin.

A student who is not financially open minded won't see a need in investing in Bitcoin even when such information comes his/her way. Bitcoin investment isn't a social media trend or something to play with. It's a financial decision, that anyone can decide to opt for.


I think I understood the point from which I_Anime is coming from by insisting that parents should serve as emergency funds. In this scenario, most students are 100% under the care of their parents, so whatever funds that comes from them will be used to address basic things, and serve for emergency purpose. But this form of care shouldn't make any student too comfortable, but rather, serve as extra motivation to accumulate a better portfolio without making excuses. But it might not be applicable for those that don't receive 100% support from parents.

I prefer to consistently do DCA rather than buy DIP this has been a long term strategy plan in DCA accumulation, more convenient of course I still have fiat to own and get a better price.
This strategy should be maintained and I also see many interesting arguments here, although there is no conclusion on myself yet I still maintain the DCA strategy.
It has been more than 2 years with the DCA strategy and the results are quite good after looking at the portfolio and will certainly continue to be maintained.