Topic: Buy the DIP, and HODL! - page 71. (Read 121870 times)

I learn and continue to learn and I have accepted the fact that a person can do BOTH if he/she chooses to. Because, why not? Both have their advantages in an accumulators' strategy.


If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

A beginner can make this kind of simulation an important part of a bitcoin investment strategy and indeed one can adjust which is more comfortable among the 3 parts or doing all 3 parts would be better.

The important thing is that DCA should be the main strategy for accumulation, while the others can follow the flow of money you have including beginners who are just starting out.

I prefer the main DCA strategy to be weekly.
Trading funds to anticipate when the price drops then ready to buy it.

It could be the case that some people think about their investment as something that they build up  and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating,  does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.

in most cases, the first goal of an investor is always so small and just centered at building your portfolio up to the slightest  extent. In the pursuit of building Bitcoin portfolio to that extent you gain knowledge and get to set the right plans in place that can help you reach a better goal, thier is absolutely nothing that's wrong with having such a plan as an investor as long as you're not doing it at the detriment of fulfilling your core desires.

Greed is mostly applicable to altcoins that lack Future potentials and when you managed to hit some profit from it and still want to get more. For Bitcoin that's solid and less risky in terms of long term investment, reaching your goal and wanting to achieve more is not same as being greedy. Except you have a desire or an important project you've yarn to do and that is the main reason you're building your Bitcoin portfolio so you can easily achieve it, if that's the case then after reaching your goal, it is wise to carry out such project since you will certainly take out your holding at certain point and it's best you utilize it in doing the right thing and not try to reinvest it in a less profiting asset.

Yeah anyone can buy Bitcoin whenever they wish to but for anyone using the DCA strategy, it requires consistency. That is if you want to DCA every week or every month you have to make sure that the funds will always be coming regularly because as soon as you are slow in your DCA, before you know it you can start becoming so tired just like you talked about other responsibilities, that is why we are advised to start with an amount that will not affect us and while making use of the DCA, it is good to have reserve funds so that in case of a DIP you can have the opportunity of buying and also having emergency funds to attend to any needs that may arise so that it doesn't affect your DCA amount. If you make provisions for all this things then you are most likely to have a smooth investment process.

That is the two different school of thought we have as long as bitcoin investment is concerned. In everything that is called investment, there is supposed to be a target whereby if the Investor hits this target they will exit that investment. But in Bitcoin investment there are some people who do not have any target, they just want to save  in Bitcoin and believe that one day bitcoin will worth very high and they will become financially free.
While there are some who are invest in because of the Bitcoin halving and bull run season. This set of people always by during the bear market and wait till the bullrun starts for cash out.

However, if all things being right for a person, it is right to hold bitcoin for a very long time and see what bitcoin will be in the future.

IMO, I don’t know the kind of plan you’re referring to but definitely every bitcoin investor target is getting a good portfolio. After owning the desired amount although there’s nothing like satisfied bitcoin accumulation, an investor might feel like they've gotten much but still keep accumulating that’s normal and good because there’s no limit owning bitcoin . Consistent accumulating is the best plan for me, continues accumulating after reaching an achieved target doesn’t mean greed if that’s what you’re referring to.

The dip is not a time that a bitcoin investor should be expecting or even allow the thought of it to weigh them down. There are times that they come without notice and every investor that has the capacity then can take advantage of the dip to add to their portfolios.

If you’ve missed out of the opportunity to buy more bitcoin during the dip, it’s encouraging to continue with DCAing because that’s what will make you enjoy the long term benefits of investing in bitcoin. Stacking the coins gradually will not make you feel the pressure of buying too much or spending much of your income on bitcoin.

Out of the three methods an investor in bitcoin can get to stack their bitcoin for long term, only buying at the dip cannot be determined or controlled by the investor. DCA and the lump sum method can be controlled by the investor when they wish for it to happen or not. The advantages of them from top to bottom comes in this manner dip-lump sum-DCA while the less risk part of it comes in this manner DCA-lump sum-dip.

Setting a targets is not the only thing that can bring a successful investment because the only way you can be able to set a target and achieve it is when you have a determination because when we talk about target there are so many investors who set a targets to achieve a certain amount of Bitcoin within some number of years but as time goes there desires start changing and they began to consider other method of investment because of greed, so actually in as much as making sure you have a targeted quantity of Bitcoin you wish to achieve but structuring your mindset and discipline towards it is what will help you achieve your targets because is not just by saying it but is by being disciplined enough to keep yourself steady into it.

At this stage, especially for us beginners, of course we are very happy to be able to buy at a decline because we spend a lot of time to get the opportunity to buy at dips. But DCA also runs every week and this is the step we apply to maximize the existing opportunities. Even though the views of some seniors here they don't care about short-term price movements, if we buy at dips, of course it's a pleasure in itself.

Apart from that, our target is for the long term and short-term movements do not affect anything because we are relatively focused on purchasing targets through DCA. Also, as you said, of course it is very true because in the steps to achieve success in an investment, focus is needed in every decision and for us, of course, that step is to buy routinely every week.

I believe that all of us have their own targets but the problem starts when we actually hit our target and we don't comply and follow the plan that we've setup. And the reason for that is the nature of human about greediness. We all want to see more, the better and higher price that's why even if we hit the target, we don't obey to our own plans.

Many have learned about DCA already. It's very convenient strategy that no one will pressure you when you should buy. You buy when you can.

DCA is not necessarily the best strategy for someone who already has a lump sum available.  DCA is generally considered to be a good strategy for someone who does not have a lump sum and they hare investing into BTC on a regular basis in accordance with their income (their disposable income which is what income is left after expenses).   Of course, if someone has a lump sum then they have options to invest it right away or to employ either DCA and/or buying on dip strategies, and so they should account for their own situations, which includes considering if they already have BTC or if they might supplement their lump sum (if they were to buy right away) with a DCA and/or buying on dip strategy.

Many times in this thread we discussed that DCAing tends to be better for beginners to establish a bitcoin position from their income, and surely the more bitcoin that the newbie bitcoin investor accumulates, the more options that they might have to employ techniques that are not buying right away, even though each person has to figure out those kinds of matters for themselves, and it seems with bitcoin beginners might need to spend 4-10 years or longer just accumulating, and at some point in that accumulation journey there might be choices that may or may not end up being correct ones (but hopefully they are individually tailored) to move away from DCA strategies and employ other BTC accumulation and/or BTC portfolio management or maintenance techniques.


After all of these years talking about this buy the dip topic, you should realize and appreciate by now that there are always tradeoffs for anyone who decides to hold back value in order to wait for dips that may or may not end up coming.  

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.



The advantages of DCA does not reduce the average cost of the investment.  Why do guys keep repeating such nonsense?

DCA allows you to figure out an investment and system and amount that is comfortable for you within your budget and your psychology which also allows you to buy BTC regularly, and it is most likely that someone doing DCA will end up with higher costs per BTC rather than someone who is successfully able to time buys, but timing buys tends to be a bad idea, so the DCA person may well even do better in the longer term than the one timing buys including that the DCAer would have had been more comfortable in the process and may well would have had been able to be more aggressive in his accumulation without jeopardizing his finances/psychology which may well end up with more BTC accumulate.. perhaps more cost per BTC, too... but should still be worth the whole matter to go through the DCA strategy rather than fucking around trying to figure out whether a dip or not and not investing regularly, persistently and consistently.. ..   The longer the period of time, the less likely anyone trading or screwing around with trying to time the market is going to beat the regular DCA-er even though anyone who is accumulating BTC can choose their strategy in accordance with their preferences or their perceptions of how smart they are in regards to anticipating BTC price movements.


I already responded to this idea above.  If you have a lump sum you have options, you don't need to DCA it... you can choose to invest it all right away.  It is not necessarily the best thing to DCA the lump sum, even though you can consider whether to include that amount in your DCA amount or buy right away with it or buy dips with it.

DCA tends to be a strategy to figure out how much discretionary money to use for buying bitcoin and then buy within discretionary income, whether that is buying weekly or using some other regular buying interval.

The Dollar Cost Averaging method is an investment strategy where you can buy any amount of Bitcoin you can afford to reduce the average cost of the investment. Even if you don't have a huge amount of cash ready to invest in the initial stage, you can easily start investing with a small amount of money through the DCA method, which is accessible to many.

It is enough if you have $1000 dollars to invest. You can start investing even with this amount of money, first thing you need to do is to make sure how much to invest and at what time to invest. If you want to deposit using $1000 to buy bitcoins on weekly or monthly basis then first divide your total investment amount i.e. $1000 if you want to invest every month or week then you can choose $100 per step. While investing in this method, there is no reason to worry even if the market is going down because you will get the opportunity to buy more amount with the same amount of money during the deep season in the market. While doing DCA your average cost of investment will remain the same even if the market goes up or the market goes down.

In many instances, YES. But I'm not talking about the major DIPs, although when it comes, then you definitely should take the opportunity! I'm talking about the small DIPs like what happened this week. It gave us plebs another small opportunity to buy more units of Bitcoin for the intended amount of capital to be used.


You could do both.

¯\_(ツ)_/¯

Although its really good to buy at the dip since we can actually gather lots of volume with that situation but the question is its really worth for wait  a long time waiting for this dip to come? I know lots of people seek a better opportunity to place in good position. But actually this one add a factor that instead of they think about buying when that situation came this will create doubt in their mind for thinking that what if there's more dump to came? with that situation for sure they would end up not buying anything since fear would overcome them and think about they buy again next time.

If they can buy in bulk then maybe its good for them but if they do DCA maybe they should start as early as they can since this is I think more better decision to do compare of waiting for unnecessary dumps.

If an investor has $1000 to invest then I would say that is enough to start with. If the investor wants to start investing initially with this 1000 dollars then he has to divide this 1000 dollars into several parts. For example, I divided 1000 dollars into 10 parts at $100  and after dividing into 10 parts, we have to invest this 1000 dollars in 10 steps. For example, if I invest today with $100 and again after a certain time I invest with $100 and in this way I maintain my investment consistency then it will be seen that we are investing in the right way.  

A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.  

I hope every investor will adopt the DCA investment strategy for his own investment as well as extend the investment period.

even though He's expectant of a DIP or not, it doesn't affect Bitcoin at all. Even if he's waiting for $55k or even $50k as the best opportunity to buy and Bitcoin DIP to $50k and then he buys at that price, what then happens next? Can he reach all his accumilation goal in a single day at a single buy? Those that should be waiting for Bitcoin to DIP to certain price before buying should be people that have the means to buy in a very bulky amount at a time up to at least 5 BTC but because most persons don't want to buy that aggressively, the DCA method is the best option so you don't tie yourself down to keep waiting on and on till Bitcoin goes down to the price you have in mind which in some instances might never happen.

You are right as an bitcoin Investor, we should be ready for anything, and getting ready for anything is accumulating as much as you can . Because if you ain't ready for the dip you ain't ready for the increase in price . Is better to have alot of quantities and the coin (bitcoin) dips than to don't have at all because, the price will surely rise back . And those that kept on holding their coin are going to endup with nice profits with smile one Their faces . The reason I don't encourage one to wait for the dip is that you can't be checking on the market always, so you can easily miss out without even knowing which is bad .


DCAing is purchasing at different price interval, so you are purchasing both when the price is high and low. With this you don't have to bother yourself waiting for the dip because with DCAing you are also buying the dip.

The speed with which price rejected that low is a sign that there is no willingness to continue beyond that point so waiting for what happen now may not be the best decision if you ask me. Anyone that want to buy Bitcoin at lower prices have this period to do that because there is a great possibility that from next month price will recover massively towards the ATH. This is base on past records as I can still remember that price left the long consolidation of last year around September. Other years have also seen minor gains recorded around the same time so if price start reacting positively from September, we will see stronger positive moves as the year draw to an end.

This is one of the challenge with buying the dip because it is very difficult to buy every dip. Sometimes the investor may even be confused as per what dip should be only he would have figured out what he will regard as dip to place buy orders. But whatever be the case, as long as the investment is aimed at long term, any entry at a retracement is a good one.

Just make sure we are ready with anything will happen to the market. Meanwhile, the price now still trying to reach the high price after the dip. So if you want to buy now, it is not too late or you can wait for more to see the low price.

I agree that we have to be more focus to see every opportunities that will coming to us. We don't know when the low price will comes but if DCA is your method, you only need to keep buying routine following your schedule. That will make sure that you will have more Bitcoin in you wallet.

It is difficult to buy in every dip because we don't know when that will happen. So using DCA will be better for you because you buy Bitcoin by routine and use the same money as previously. Although you don't get the same Bitcoin, that will be no problem as you will accumulate more Bitcoin.