Topic: Buy the DIP, and HODL! - page 83. (Read 121931 times)

your intention and the decision you make after you've looked at Bitcoin price or trends is what matters. Even if you're investing for a period of 10 to as much as 20 years, there is no way you won't look at Bitcoin price but it doesn't take even more than 3 minutes to have a glance of Bitcoin price and continue with what you're doing. What's the only disadvantage is when you allow what people hold as Thier view on the current Bitcoin price become a deterant to being fucosed on your long term accumilation plan.

the more you've stayed long as an investor, the better you understand the different market conditions that's associated with Bitcoin and the easier it is to know how to relate with those market conditions. The more experienced investors live and exist daily inside the market but never for any reason sell thier Bitcoin regardless of the market condition, this is the reason why the wall Observer thread is still active even after it has existed for a long time. The likes of the big holders in the forum that still participate in the wall Observer discussion knows the market condition almost everyday but never get tempted to sell for any course even though they actively monitor the market condition and that's why I say that it's not just about looking at the market condition, what really matters is the decision you've made after looking at what's happening with Bitcoin.

You are absolutely right, everyone has their reason of checking the market and it's not a bad thing to check the market too but I guess what's bad is checking the... When one knows they can't bare to see the market going in opposite or against their investment which off course can be very tempting and discouraging. It's not even necessary to be looking at the market that much unless you are a trader because what makes a trader figure out a nice strategy is how frequent and how well they watch the market and again investors who accumulate Bitcoin during the Dip is/are suppose to look at the market to enable them take advantage anytime there's Dip

I believe as a person that every action was a product of learning enough until you are convinced to try it out, most people are learning and getting better exposed every day to the prowess of DCA in helping the secure their future finances all thanks to JayJuanJee for keeping the thread alive, most of them don't yet have discretionary income as advised to invest with yet, but they might be sure working on it by hustling more in order to practicalize what they have been learning. I would also charge everybody, especially those in signature campaigns to set out parts of their weekly earning to DCA no matter how small, one difficult thing is to start, as soon as you're started and determined to continue, nature has a way of sending help and encouragements through abstract means for you to utilize and achieve your goals, but you must be committed to identify such helpers sent by mother nature.

I disagree with you and This is the reason. Every investor who has learned enough about the bitcoin accumulation processes would be aware of lump Sum, DCA and buying the dip and they are encouraged to employ any one of them that appeals to them at any given time while maintaining DCA to drive consistency and commitment in expanding their portfolio.

Every new investor that has gotten the basic trainings on bitcoin accumulation can easily identify a dip, just by looking at the chart or price history from the exchange or even the internet can tell the person that he entered the market during a dip and if he has extra discretionary income, he can buy more and still maintain his DCA since the goal is to accumulate more and not the strategy employed while accumulating. The investor doesn't have to wait for the dip and if you understood what the guy you quoted is saying, he's stressing that he would not discriminate any new investor who chooses to lump sum because they have enough discretionary income to back them up while DCA is their main strategy and I would validate that since not every new investor is struggling with finances and can choose any method and still get profitable as far as he's holding for a long time and he's consistent with increasing his portfolio periodically.

Looking at the market can be bad and it can also be good too, everything just depend what could be the reason for looking the market.  An investor can decide to always watch the price of the market not necessarily for fear of volatility but just to see the movement of the market to take advantage of the dip. I don't think their is no how one will be investing bitcoin and not getting to know the price of the market. Looking at the market is not the reason why investors fail to hodl, the reason why people fail to hodl bitcoin is because they want to make profit fast and they do not want their bitcoin to drop because of volatility, wrong understanding of the market. Real hodlers still look at the market when bitcoin goes dip, they are aware of the fall of price but they don't get panic. I dont think looking at the market is a challenge to hodl bitcoin,  the main challenge why people are unable to hodl bitcoin is because they are not ready to hodl they just want the profit very quick and when the market falls they panic and sell out of fear.

To be frank there's no best or right time to purchase bitcoin. Such mindset is literally wrong , alot of people may think that buying the dip alone is the best way to go when it comes to bitcoin investment which is wrong , I know buying the dip may serve as an opportunity for to purchase more quantities at a cheaper rate , but doesn't mean that's the best time to purchase Bitcoin. One of the reason is that we can't tell or predict bitcoin price movement , so how you going to tell if the dip may continue or if it's just starting. And this kind of strategy is for those that are into short-term profits and stuff.

As an long-term Investor there's no best time to purchase bitcoin, so all the time you have to purchase bitcoin is the right time so now is the right time, aslong you have the funds you can Start purchasing bitcoin using DCAing to buy at different price interval. Because focus on the dip alone you may only endup missing out not only that you will endup slowing the growth of your bitcoin stashes. The people that can also focus on the dip alone if they chooses are those that have already hit their Bitcoin goal having enough Bitcoin stashes.

To me there is no best time to invest in Bitcoin because whenever you buy it will be the best for you. That is, your own opinion and money will depend on when you should invest and when not to invest. If you have enough money to buy bitcoins, you will be interested in buying them even at high prices. And if you don't have money, you won't be able to buy bitcoins for investment even if the price of bitcoins goes down.

So stop thinking that there are best times to invest. Buy whenever you have the money and try to invest regularly so that your investment grows with the gradual accumulation of bitcoins. Many people may think of investing as buying large amounts together. No, not like that. If you have enough money then buy more and if you have little money then start with that and buy bitcoins in small scale with self financing. Make a decision by investing according to the plan so that you can buy Bitcoins with the same amount of money on a weekly/monthly/quarterly basis.

Are you now judging bitcoin performance on a short term basis? The goal of investors here has always been for the long term and not on the immediate or short period. A newbie who lump sum at the price of $73k didn't make any mistake as long as he in for the long term. Chasing short term profit should be out of the picture of long term investors. You have also forgotten that there were investors who lump sum during the previous ATH of $69k and they waited for years before we got to the new ATH of $73k. And they made profit in the end, so there is no reason why people who lump sum at $73k should regret or feel bad because they are not yet in profit. The profit will come on the long run.

You are also forgetting the fact that some newbies do lump sum is for them to meet up with certain amount of bitcoin stash in their portfolio. It also depend on the time they started their bitcoin investment journey they will want to lump sum if they feel they are far behind. People who lump sum once and are satisfied with their bitcoin stash in their portfolio, without engaging further with DCA are not also wrong. Provided that they are holding it for a long term, they are likely to see profit too. Let's not be blinded by short term profit and neglect a good investment strategy.

Research is not the most dominant factors that helps one build a strong portfolio. As a matter of fact, after the entry phase when one is pretty new and needs to do some basic research on how to buy Bitcoin, best wallet to use, securing ones seed phrase and basic knowledge that makes one a better investor, once you've known those basics, research doesn't really matter. You can and definitely should stay updated with what's happening in the Bitcoin space which is what being a part of the forum has already solved but outside of that, it doesn't take research to build a good Bitcoin portfolio. What's necessary in building a good Bitcoin portfolio is a good income source, the right investment strategy and plan and the ability to execute all plans out effectively.

of course in planning for the best accumilation strategy to be adopted, the DCA methord stands out as the most strategic and unifying methord that allows the newbies, the old investors, the rich, average and even institutions to buy her Bitcoin without coming in too aggressively and yet do it consistently such that they are able to reach Thier investment goals within the stipulated time. Even when you have the financial means to buy in bulk, after making your bulk purchase, the DCA method still stand as the best approach to that keeps you going and gets you actively involved in your investment journey.

Yes, I agree that the lump-sum strategy is not suitable for newbies, but at some point, a newbie or new investor in bitcoin can lump-sum to increase the size of his bitcoin holding. As long as you are investing in bitcoin for the long term and using the DCA strategy, you will never accumulate bitcoin at the wrong time. The DCA strategy has you covered. Even though you accumulate bitcoin at a high price and the price later drops, the DCA strategy will allow you to still accumulate bitcoin at that time.

I know that before anyone starts any business, the person needs to have a clear knowledge of the business so that he or she can flourish in it. But when it comes to bitcoin investment, a newbie or new investor in bitcoin doesn't necessarily need to gain knowledge about bitcoin; he or she can accumulate bitcoin, but as time goes on, he or she can learn about bitcoin in his or her accumulation process. The basic thing newbies need to know is about their finances and not about bitcoin.

Well I did want to sell off just a little bit of my Bitcoin when the price was 60,000. But then I said to myself I am going to still HODL and not sell anything.

I think there is going to be a big 'bull run' before it is the year over. So we can wait for this time to happen and then I will maybe sell just alittle.

New beginners who want to start their bitcoin investment does not need any market research because it is not important and will not add any value in increasing their bitcoin investment. What a new beginner needs to figure out is how much from his discretionary income that he will use to buy bitcoin that will not affect his monthly expenses, so that he can keep his DCA buying ongoing persistently and consistently. This is because whatever market research that the new investor does on bitcoin will not make him successful if he uses the wrong amount to DCA that will affect his financial life.

However, if a new investor is already used to saving money he the bank for long to achieve an important thing in life, he already knows how much that he can put into bitcoin weekly or monthly regularly so he is just to get started immediately because bitcoin investment does not need any market research apart from the basic knowledge of bitcoin. DCA is a continuous practice for a very long time that is always buying bitcoin regularly , so any new investor can start DCAing immediately while they figure other things that they need to know as they are growing their investment since they are investing amd hodli for long-term.

DCA buying does not need any market research so that you don't miss the opportunity of getting started immediately to grow and build your bitcoin investment portfolio faster because the market is too complex for a new beginner to understand but buying regularly continously is much more very easy to start with, since he is on a long term goal amd not planning to sell.

Investing for a long time is sure to reap such benefits, so success is guaranteed only through DCA method. See those who have been investing for a long time following the DCA method must have grown their portfolios in the present time. This is why it is best to invest in Bitcoin based on success and proper information.

Yes beginners must do their market research first if they want to participate in Bitcoin investing. So the more one does market research and invests following this DCA approach, the bigger the portfolio will be and the more optimistic they will be. 

Because the future success depends only on starting the DCA strategy, because those who have started are doing it regularly and their portfolio is growing gradually. So using this DC strategy is most effective for the success of any new and old investor. The faster they start this Bitcoin activity, the faster the amount of Bitcoin in their wallet will increase.

You are actually mixing things up here because someone who wish to lump sum don't care about a DIP except it is just someone who wants to buy at a DIP price. Lump summing means going at once like going in contrary to the DCA that you need to invest same amount at different periods of time. However, there is no need to evaluate your supposed profits at the early stages of your investments, it is literally a time to make accumulations and own a huge portfolio, thinking about the profits you will make at the early stages of your investments in Bitcoin will lead you to sell quickly especially when you have actually realized some profits which is not a very good habit for any Bitcoin investor because it will leave you with the impression of trying to take profits at each level of your investment thereby it will literally quench your long term hodling ability.

JayJuanGee I have being noising some ill feelings about those forum members who believe that waiting until price dip to buy Bitcoin is the best approach to Bitcoin investment sometimes is sees such statements as statement coming from those who are desperate to make money from bitcoin and not knowledge about what DCA really is, because for someone who is an experienced Bitcoin investors, you should know that every time is buying time regardless of what the price of bitcoin is and the market situations.


Because the only important thing in buying bitcoin is that, you are investing the money you may likely not have need for long time, because bitcoin investment have to do with time and the time is not accurate anything can happen, that is why, it is so important that you buy the bitcoin with your left over cash flow that you don't have need for long time.

This seem to be appropriate  and not bad as  an advice  but it's good to have a strategy like DCA to get into market and maybe if you have extra after every necessities have been put into consideration then buy more is also a fine approach.
Thus,
your statement above looks somehow confusing, I don't think we ever  made mention of when not to invest, there's no particular time you can't invest in Bitcoin so far you have the funds. You continued on the path of that bold statement which seems wrong , every investment counts in Bitcoin disregarding your point of entry.... remember you can't accuratelly predict its market.

It is a bit funny or strange how so many of us are emphasizing that it does not matter when to invest in bitcoin.. or even stating that the best time was yesterday and the second best time is today and at the same time to just get started and continue to invest into bitcoin for 4-10 years or longer and then reassess somewhere down the line if you need to change your approach.. yet at the same time, so many members (including you Onyeeze) believe that waiting for some kind of a low price is the right approach to investing in bitcoin... which is starting to sound a bit retarded how frequently such nonsense is repeated.. as if it were repeated (even from seemingly smart forum members) on purpose...

Even though I like the title of this thread, the title of this thread may well be provoking some members into thinking that buying the dip or waiting for the BTC price dip is the preferred approach to investing in bitcoin, and maybe those folks are going to have to "have fun staying poor".. because there seems to be quite a few forum members who seem to believe that waiting rather than acting is a meaningful/effective BTC investing strategy.

The thing is that people doesn't know the exact time they invest in bitcoin, even as we are campaigning about bitcoin investment when to invest and when not to invest, its truth that the beat time to invest in bitcoin does not exist but people do emphasize that the only period you can invest in bitcoin is when the price of bitcoin is low, So people doesn't know the actual time to invest, for me I do invest in bitcoin anytime I feel like to invest in bitcoin, so I believe that with such investment that is not planned you can make a profit, the thing is that anything you have funds don't hesitate to invest in bitcoin, in future it will yield positive for you.

Well newbies don't actually need much knowledge before going into Bitcoin investment. All they just need is the basic knowledge on how bitcoin works, how they can purchase some bitcoin through cex account and how to secure their holdings in Dex account. You are right everyone here have the right to make their decision, we can only recommend and impact on you on how bitcoin works, but we can't force you to invest in it . Because I was once a newbie , I didn't woke up one morning and gain the knowledge that I have now . I literally took my time to learn and same took action in accumulating bitcoin, because is the right to do aslong yah in this space .

Because have seen scenario whereby newbies will waste their time and resources in investing in some lame project due to some irrelevant hyping by some folks that endup being a massive dump . That's why we keep on repeating that you should be cautious on how you invest your hard earn money. Because shitcoins don't have same potential as bitcoin so it won't be nice to compare both . So inorder not to waste your time searching for some random shitcoins to invest in. Just channels those zeal in investing in bitcoin and as time goes you will see the beauty of investing in Bitcoin.

Thats a very bad way to start bitcoin investment for a beginner. Bitcoin price is so much volatility and patiently waiting for a dip as a beginner can be nearly impossible. Delay is denial, once a newbie starting waiting for the market to drop to a certain price that they had onece heard it was in the past would make them risk missing o buying now which we wouldn't know if the price in the next few minutes might go up more and never come back to this price. Anything is possible because of volatile and i respect the market because it will take you unaware.

The desire to time the market is a common pitfall, especially the newbies in Bitcoin investment. Starting with a modest amount through lump sum can be convenient and gradually increasing the portfolio through DCA is one of the best approach for many investors as a newbie taking such steps will reduce the risk of not entry the market, and miss out for gains.