Topic: Buy the DIP, and HODL! - page 76. (Read 129603 times)

Yeah sure its really easy to use this strategy but the question there could be sustain this? Since it will really vary depends on how people handling things especially on their finances. Also not everyone have the same level of patience to deal with long term situations especially with volatile nature of bitcoin. That's why aside from learning DCA they should learn how to manage well their finances since this plays big role on their success for long term investment on bitcoin.

This cannot be learned over night but if the investor take every learnings they get on the situations they encounter for sure everything will take good place to people who's open to learn and have good patience.

DCA is for everyone its just people need to maximize this strategy so that they will get higher chance to succeed and earn profits in future.

Investing requires patience and if you are waiting to buy on dips then today is the right time to press the buy button. Don't forget to buy because the opportunity has arrived, even though two days ago I bought routinely with DCA because the purchase maturity and the decline that occurred today I also did not forget to re-accumulate. The importance of having reserve funds to be able to buy when the price drops.

Maybe previously about the discussion of buying using the Lump sum method and it depends on each person's perception whether to use it or not. However, I am still quite comfortable with DCA to buy defensively. Although some ideas want to cut the investment duration to be closer to the initial target of 10 years and that also depends on your respective principles.

Of course, on this occasion I remind you again not to worry about the situation in the Middle East, we continue to hold our position to continue to hold our Bitcoin ownership.

So in the last point, I want to say invest with money that you are ready to loses, So you don't panic when market changes occur like today.

Bitcoin investment is just better than leaving our money in bank, but the fact is that we can’t completely avoid banks for now because we still need them for our daily transactions, as bitcoin is not generally accepted yet, and also if the money we are planning to invest in bitcoin will be used within a short period of time, then it’s better the money is just left in bank, because after buying bitcoin with it and you decide to sell it back after a few days or weeks, you might already be at a loss, and you won’t have choice but to sell it like that. So the money that I do recommend people leave in bitcoin is money that they won’t be using for a long time.

If we make a bitcoin investment, then it should be for the long term. I think that’s just the best, because no matter how bitcoin price goes down, if you just have patience and you can hold, then the price will bounce back, even if it’s going to take time, so just invest for the long term and make use of DCA strategy when investing.

Surely part of the challenge for anyone, and maybe even moreso for a bitcoin newbie, is trying to figure out the extent to which BTC prices might be high or not.  In several senses, bitcoin prices seem high to newbies not only in terms of the price of one bitcoin (the unit value if not looking at satoshis), but also describing bitcoin in terms of how much it has appreciated does not necessarily inspire confidence that it is going to continue to appreciate - especially for someone who is just looking at bitcoin at a superficial level and also someone who is not very well informed about bitcoin might be buying into some of the negative bitcoin talking points, so if they don't know much about bitcoin and they might be getting confronted with conflicting narratives about bitcoin, then they have difficulties evaluating it.


Surely part of the solution to uncertainty continues to be choosing a position size that  is comfortable, and getting off of zero is one angle that normies should be considering to be important, and so if they realize that they should get off of zero, that still does not necessarily mean that they need to go all in, so normies should be able to justify their entrance into bitcoin by choosing some kind of a position size that is comfortable to them, comfortable to their budget and also allows them to  balance their assessment that they need to get into bitcoin, even if they might have some fears about their getting into it (or feelings that the BTC price might be high). 


It seems that your conclusion is fair SuperBitMan, even though I doubt that there is really any need to get into assessing bitcoin versus gold in order to reach such a conclusion that bitcoin is likely to perform much better than gold, both in terms of its direct spot value, yet also in terms of how the BTC spot ETFs affect bitcoin's price.  I doubt that it is going to take several years for the Bitcoin ETFs to influence bitcoin's price and/or even to put upward price pressures on bitcoin to such an extent to push its price up.  It seems that a lot of the BTC's upward price pressures and movement since October 2023 was influenced by the BTC spot ETFs, and even if we have been experiencing some pause in the UPward BTC price movements in the past 6 months, there still are likely ongoing BTC price pressures that continue to add to BTC's prices likelihood to continue to move upwardly... whether we are talking about this cycle or even in future cycles.. and also in regards to the Bitcoin Spot ETFs there continue to be new entrants and new availability of Registered Investment Advisors (RIAs) to be able to offer bitcoin spot ETFs to their clients.  I am not exactly a fan of so much third party custody of bitcoin, even though such third party custody still does seem to put upward pressures on BTC prices as long as the third parties are mostly holding the BTC that they claim to hold.. and they might end up getting in trouble both legally and financially if BTC prices end up shooting up and they don't end up having the BTC that they claim to have.

Yeah you quite right
We still need Fiat and some funds should be set aside for our day to day activities and in cases of emergency.
Bitcoin isn't accepted every where yet and Would the fee especially in time of congestions ain't the best for micro transactions.


So for those waiting for a Dip
Bitcoin just underwent a slight fall due to news of a War
Who bought the dip?
Or still waiting for the Dip?

I agree with your that investing in bitcoin is profitable than keeping some fund in the bank, but you should know that fiat is flat and bitcoin is Bitcoin. Both are important in their usage. I have said it before that bitcoin was created as an alternative to Fiat and online transaction but was not created to Totaly destroy the usefulness of fiat system. No doubt bitcoin investment is profitable but we can't invest all our fund Into bitcoin for the sake of profit. There should be certain amount for investment into bitcoin and some amount into fiat for imidiate want or fast transaction. because most people uses fiat in the bank for their business and they make profit from it and Maybe the profit they make each day is a reasonable amount that inflation can not affect so sudden. So what I want you to know is that if you put all your fund Into bitcoin, another person may not do so and you shouldn't regards such person that keeps fiat as being "ignorant" because everyone has their reasons to what they do. Who knows if he makes money in fiat and invest in bitcoin.

I think it is ignorance that make people save in the bank rather than to invest in Bitcoin cause if someone is aware that they'll make more profits even much more than what they're investing monthly or weekly in space of 4-10 years then they'll prefer it to saving in the bank that's always affected by inflation. Even though the price of Bitcoin do depreciate an investor cannot lose everything completely and would still recover when it appreciates again, so far the person continues investing periodically. Earlier today I just got charged about a 1000 plus in my local currency for sms fee but I've never experienced that with the Bitcoin I'm holding and that's why I'll always consider investing on Bitcoin over saving in the bank anyday or time. Well, it's okay to say that any Bitcoin investor that doesn't have discipline is wasting their time and not yet ready for investment, you don't invest for the interval of 6months  to a year and then take profits at any upsurge, that's not how it works when they say Bitcoin investment requires long-term it's about 4- 10 years interval not the other way round and it's only discipline that would help an investor abide to that concept.

If a new investor is able to figure out how much from his discretionary income that he can use to invest in bitcoin which will enable him keep his weekly or monthly buying with DCA ongoing for 4-10 years, and build his emergency funds up 3-6 months. That investor should be able to become successful in his bitcoin journey in a long term. This is because when a real emergency arises, he will be able to take care of it without selling part of his bitcoin investment to take care of such emergency.

It is when a new investor allocate more than the amount that he is suppose to use to DCA every week or month regularly that he will end up having problems in his bitcoin journey because he has over aggressively invested and when  need arises, he will have no option than to sell his bitcoin portfolio at loss especially if bitcoin price dips below his entry point. Another reason that will make an investor stumble in his bitcoin long term accumulation journey is if he does not have emergency funds available. Or when he involves himself in some unhealthy practice by selling to buy back.

When it comes to long-term investing and managing your funds, you’ve got to have control..and it’s easier than you think if you stick to a simple game plan. A lot of people save for retirement by putting money in the bank.... but why not invest in Bitcoin instead? If you’ve got a job, setting aside just 5 to 10% of your monthly salary to buy Bitcoin is doable.

It’s all about having discipline and believing that it will pay off in the future.....

Think about it....when you save money in a bank, it depreciates over time due to inflation. That’s the opposite of Bitcoin, where the longer you hold, the more value it gains. Since Bitcoin’s inception, "it has averaged a 200% annual growth rate" per my research. Compare that to banks that give you just 1% to 2% a year....and some even charge fees on deposits! So, when you see it this way, it’s easy to convince yourself to be disciplined and invest regularly for your future and your family’s future, aiming for financial freedom when you retire.

It’s not too late..... 

If you think Bitcoin’s current value means it won’t rise anymore, think again, there’s still room for growth. Even if the global economy faces challenges, Bitcoin could be the solution; it’s a safe haven that could actually rise in value as people look to protect themselves against inflation.

Investing in the DCA approach is easy, but that doesn't mean money management isn't necessary. Money management should be given priority in any type of investment because having a source of money will enable you to continue investing uninterruptedly for as long as you want. I agree people of any profession can invest but they need to decide before whether they will be able to continue investing for a long time. There are many who start investing at the initial stage but are forced to stop investing due to financial incapacity.

But yes it is true that now even low income people can invest in DCA method with the remaining money after meeting their family needs. Those who have a small source of money should plan before investing in such a way that the money that remains except the money used for the family does not have to be used. Those who can ensure this will be able to continue investing without hesitation.

This is triggered mostly be influencers all over social media who for their own selfish interests promote even what they don't know, collect money and deceive their followers without even involving themselves in it on a personal level. I know how many influences hyped recent shitcoins mining on telegram and coerced people to believing that they're the future of money, built riches for themselves and left their followers empty handed.

It's bad enough influences are not charged when they promote products with detrimental effects on people, else the media would be more of a sanitized place. People especially newbies tend to be deceived by information from these influencers and it triggers FOMO in them and in turn they make grievous mistakes.

It's very much advisable to DYOR and not act blindly even when you see information from the most trusted source because at the end, you'll be fully responsible for your actions.

I wish there's more ways to increase the media visibility of investment in Bitcoin for a long term so more people can be guided properly.

Shitcoins are not worthy for investment and it will be so impulsive to consider shitcoins for investment and using the DCA method, it is just a total waste of money.

Those who think of investing on shitcoins I understand lack of understanding and greed could be the reason for such decisions, some people always have the thought investing on these low value coin is the best to make quick gains. DCA method is use for bitcoin because it is reliable and safe to invest bitcoin.  Investing shitcoin is very risky and it is not a good investment decision, bitcoin is more reliable for investment and if one is able to exhibit patience to hodl it is an investment with good result.

This method of investment DCA method of investment has united all types of investors. Now you don't have to wait for money management to invest but any professional can easily invest any amount of money in DCA investment method. Earlier those who had more money or those who had higher income usually invested but low income people were always deprived of investment but now those who know about DCA investment are not deprived of investment. Now as the rich are investing in DC investment method, low income people are also investing in this method. Everyone from a van driver to a top executive finds this method the best way to invest. People who do not know about this investment strategy are far behind in investing and they must know about it.

You are right because we have not really seen the impact of the halving. What we have experienced so far is the impact of the Bitcoin ETF that caused the bull run that started late last year. It is possible that some people are already feeling that Bitcoin have achieved the highest it could go within this market cycle but that may be far from the truth as we will see in coming months. I seriously believe that Bitcoin will make a new ATH high before any serious general down trend. While this is a possibility, it is still something expected not certain because no one can tell accurately what will happen in the future and we can only hope.

Meanwhile, now still seem like the best time to buy more Bitcoin as I am expecting more gains as the US elections draw closer. At the current level, it is still relatively cheap to buy and the smart thing to do is to take advantage of the market condition.

When Bitcoin was created some people didn't believe Bitcoin would grow this big in price so yes Bitcoin price is high but not too high, however a time is coming when it will be very high in price but the good thing about Bitcoin investment is that no matter how high in price Bitcoin is one can still invest by Accumulating little by little since is divided into small units. For now one can't say Bitcoin is too high in price, but I will love to ask at what price will one say Bitcoin price is too high.

When it comes to Gold and Bitcoin, Gold has been in existence for thousands of years but Bitcoin is just some years since it's Creation but is growing so fast more than Gold, one can't compare the rate at which Bitcoin grew to Gold because from the chart one will see Bitcoin is doing much more better.
Bitcoin still remain one of the best investment in the world, 20 years to come people will be shocked that the growth of Bitcoin and I want to be part of Bitcoin till then.

Shower thought. If there was a person who would start a debate and tell me that Bitcoin's price today is "too high", I would argue back that, although Bitcoin's price might be "too high", it might also be mispriced towards the lower extreme of the cycle. The market hasn't truly priced in the Halving, AND the true nature of the Bitcoin spot ETF.

But we can see the proof of that in a simple chart. Research Gold ETF - when it started, then look at the Gold chart after it started.

There are some stories are there who made 1000x overnight with shitcoin but it's like winning lottery so it happens once in a blue moon. While bitcoin is almost guaranteed since it has proven record over the last 15 years or so while shitcoins have barely have record for months and 99% of them will be at zero after a couple of months. So my money will be safe when I go with something that is guarateed to be there in the long term instead of gambling with shitcoins and definitely it's not worth saving your hard earned money and investing them on shitcoin based on DCA.

The concept is simple, use only bitcoin to hold your portfolio value and might take chances with 5 or 10% of your capital with shitcoin is you have dream of winning that lottery but I won't do that which is my personal opinion which others might have differ with.

If you want to see yourself in the next 5 or ten years being better financial status than your current one then go with Bitcoin.

For sure they are confused about this things and think about they can apply those method to the shitcoins they bought. This must be corrected since its better to warn those people to stay away on shitcoins since most likely a higher chance for them to lose than winning in this wrong investment they made.

Shitcoin is mean to be traded or dump totally since this is bad choice to grab by anyone. Better for people to pick the right asset for them if they really want to invest and bitcoin offer more realistic gains for them. To many of those scams say that they would be the next bitcoin and that is obvious trap. So don't entertain shitcoins correct all of those misconceptions and always choose bitcoin, there's no other altcoins claiming that they are more better than this surpass the fame of bitcoin and all of them became scam already so avoid get fooled by those scams.

Exactly, that's right mate you can call shitcoins investment and is not encouraging to use DCAing method on shitcoins because you may only endup increasing the chances of getting reckt. So the best investment that suit yhe DCAing method is bitcoin, is more reliable compare to other coins. Like you say shitcoins is only meant for trading not holding, and to trade them is also kinda risky because of their high volatility, and most of them might be a pump and dump project.

Your explanation is a kind of complicated, how can you be assuming that no one Invest in shitcoin and the other hand still presuming that everyone trades with shitcoin. You really have alot to explain.

There you go again @shadiq. I don't think you really know what you are saying. You can't use DCA strategy for trading, DCA is a method or strategy of accumulating bitcoin bit by bit according to how you can be able to invest in bitcoin without overdoing it, Either weekly or monthly but has nothing to do with trading.

Well you are right that bitcoin Is the only coin that is reliable for investment, but don't put in mind that it will pump so high in a shortest period of time as you described. Because your statement explains that shitcoin can not pump up the value like bitcoin, which makes it looks like bitcoin is a pump and dump coin. The statement "pump" is not associated with bitcoin because bitcoin growth is a gradual kind of process but a long term goal.

You can only speak for yourself but not for all, because certainly many people still gamble with shitcoin.