Topic: Buy the DIP, and HODL! - page 99. (Read 121995 times)

I do think that it's everybody's choice what to mark as an investment or a long-term trading. According to Google search, it's one thing, according to you or JayJuan - it's completely different, with different mentality behind it implemented. You must agree that nowadays most people come into crypto, as in many other spheres, to get the basic idea of it and start making money, either by themselves, with the info provided for them, or by getting into the projects related to the info provided by the sources. It's neither good nor bad, it's just how it is. It's the reason why some people leave crypto and why some of them start learning more about it.

I thought as much also, you know some people thinks that investing in Bitcoin is just about taking profits alone, sure we still hope to take profits from our investments but our main targets is for a long interval of time because making investments in Bitcoin is like keeping an asset that will stand for long term future growth and also to sustain our beliefs in the existence of Bitcoin that is why our focus on Bitcoin is mainly for a long term purposes. Some people feels that basically because they bought Bitcoin at a DIP price that they can eventually sell off when the price is high but that is a very wrong investment mentality. Above all, we should remove long term trading mentality while making investments in Bitcoin because it hinders our growth as Bitcoin investors. The idea of buying Bitcoin at a DIP price and selling when the price is high is far off from the purpose of owning Bitcoin as all those practices are mainly the strategies of a trader rather than an investor.

That's why, in my opinion, you should only invest the money you are willing to spend. When they become investments, that's it, they are gone (they should be, in your mind). You either make your portfolio better and more expensive, or it stays the same. It's also a great idea to put the funds that you are willing to spend in spot, thus, ensuring that you won't be liquidated in the long run.

An investor who starts investing for the first time invests with a plan to hold his investment for a long period of time. Investing with such a plan and working according to that plan is very difficult in reality. After investing many challenges come in front of us that after overcoming the challenges it is difficult to retain the investment and maintain the continuity of the investment. 

For example, some may invest a portion of their income with a plan to invest it regularly, while some investors invest without planning that they may need the money in the future. This shows that the first person who wanted to invest continuously depending on the income is not able to invest regularly due to other needs of the family and the second person who has no future plan has to sell his investment to meet his needs. Proper planning is required before investing. For example, that amount of money should be invested consistently that amount of money that is not needed in life. Those with strong willpower can overcome hundreds of challenges and hold on to their investment to the end.

It seems to me that patience is needed in both BTC price directions, since normies (and maybe even relatively poor people) can really feel a lot of temptation to sell on the way up.. . so in that sense, they may well end up screwing themselves up psychologically and even financially by their own actions....

and, yeah, maybe there is one level of psychological and financial difficulty to realize that they should continue to buy, even when the BTC price goes down, yet maybe the financial/psychological difficulty is a bit easier to employ when the BTC price is going down as compared to when the BTC price is going up and surely at the same time, each person has the complete power and discretion to employ sales at which ever price point or to hold at various points or to buy more at various points, and it is not always going to be straight-forward in regards to any of us (on the interwebs) making general decisions for others in regards to what they should do or what seems to be the best and/or the better of BTC accumulation, BTC management or even cashflow management practices.. yet at the same time, if systems are put into place, and each of us is practicing within the tailoring of our own circumstances, then it should become more and more apparent to us the extent to which our plan might be playing out or within tolerance levels or if we might need to tweak or to make drastic changes, and it also seems to me that many times, tweaking is going to be the more appropriate course of action in the event that changes need to be made to an already established and practicing system, yet guys are going to have to choose for themselves in the event that they might conclude that more drastic (rather than tweaking) measures need to be taken in regards to what they are doing.


When you refer to getting profits from your investment, you sound like a trader rather than an investor.  Surely, if someone is investing 4-10 years or longer down the road, they are going to consider their options and they are ultimately going to want their BTC investment to be profitable, but profits may well not be any kind of central concern in terms of ongoingly building the BTC portfolio.. and maybe profits are presumed.. but they are still not really in need of being really considered during the BTC accumulation process or even the maintenance process or maybe at all.. since at some point there comes a change in the ideas and perhaps some sustainable withdrawal will start to be employed.. which might be price based and/or time based ...and so maybe or maybe not would the whole holdings be profitable.. even though like I suggested there might be a bit of a presumption that the BTC holdings should be profitable.. especially further down the road, but surely there are not guarantees in terms of where the BTC portfolio might be when we are further down the road, whether 4-10 years or longer. .or maybe our time line for investing and building our various holdings in bitcoin and/or other investments might be 30-40 years, even though we might feel lucky if we might be able to cut down our investment timeline to a shorter amount, such as the person with a 30-40 year investment timeline being able to cut down the investment timeline to 13-20 years, then surely there would be some gratitude in being able to accomplish such a cutting down of the timeline, yet when we are investing, we likely realize that there are not any guarantees, and we might need to make various tweaks and/or changes to our plans based on changes in our own circumstances, changes in the macro-landscape or even changes in the investment thesis of BTC itself.
 

There is nothing wrong with supplementing DCA strategies with buying on the dip, yet the way that you describe DCA seems to mix up DCA and even to suggest that the employment of DCA needs to wait for the BTC price to drop prior to it being deployed - which truly could result in some folks (especially beginner investors) to fail/refuse (or create the wrong systems) to allow themselves to buy as much BTC as they should be able to buy.. and they might end up overly employing waiting rather than acting strategies... The best way to prepare for BTC prices going up is by buying BTC rather than waiting.. When you wait, you are preparing for down rather than up, so anyone employing such a waiting or preparing for down scenario would likely be better served to make sure that if they employ such a down and/or waiting strategy they are also sufficiently and adequately prepared for UP so that they do not end up being disappointed if the BTC price does not go down as much or for as long expected.

Of course, the more BTC that you have, the more luxury you have to wait for down prices that may or may not end up happening, so ultimately it is up to each of us to determine the extent to which we have enough BTC that we are in a more privileged position that allows us to wait for down prices rather than just buying regularly.. It could well be the case that you believe your waiting system is working for you, and so if you end up making a mistake of failing to buy and waiting too much, then it is quite likely you have no one to blame but yourself in regards to your failure/refusal to sufficiently and/or adequately prepare your BTC holdings for UP.


Even though technically, you are probably correct Obim34 in regards to your seeming referral to DCA serving as a practice that is measured by income levels rather than BTC price movements, yet you really make that assertion in a confusing way that might cause some folks to infer that the "right amount" and "the right moment" is related to timing BTC price movements rather than being based on cashflow management practices.

The most strict of DCA would likely completely ignore price and purely just figure out the extent to which any disposable income is clearly and unambiguously available, and then once the disposable income is determined to be completely and unambiguously available, then the BTC would be bought irrespective of the then actual BTC price.

Sometimes folks will have strict times in which they buy BTC, for example every Tuesday at 4:30am UTC time (to the extent their systems allow such tailoring).  Other folks might use exchanges (or 3rd parties) that allow for automatic DCA, and there might not be a lot of ability to individually tailor the DCA beyond choosing the date that it happens.  I personally prefer the employment of manual rather than automatic DCA, yet I understand that a lot of folks might either not want to be bothered by manually buying BTC weekly or whatever might be their BTC buying interval, and/or they might realize that if they don't set up their regular BTC buy interval automatically, then they might have some of their own difficulties in carrying out regular BTC buys (and yeah maybe both of these ideas justifying automated DCA is mostly the same thing).    

One aspect of DCA is that if the amounts are set to be automatic, then they might need to be set at relatively lower amounts since there has to be quite a bit of confidence that the DCA-er is not spending beyond his/her disposable income, so it would be better to error on the side of setting the automatic DCA lower rather than higher in order to not get oneself into a mistake in regards to spending beyond his/her disposable income from time to time.  More aggressive DCA could completely employ manual DCA amounts and times that completely rely on spending high amounts of the disposable income as soon as it is known to come in, and so surely in those situations, I would recommend making sure that emergency funds and reserve funds have reasonably solid amounts to deal with any kind of miscalculations that might end up happening in terms of determining disposable income amounts.

I also prefer DCA on about a weekly basis, especially for beginners in order to help to get them into continuously and ongoingly monitoring and getting used to their newly established practice of regularly acquiring BTC, even though surely there are some folks who have greatly irregular incomes and/or expenses that might contribute towards making weekly BTC buys to be somewhat impractical, especially if they are already living without very much disposable income... yet if the disposable income is a decent amount, yet the pay or the expenses are irregular, there still could be ways to make sure that BTC buys are being made every week, even though the BTC buys of some weeks might be relatively lower amounts to ensure that when the income and the expenses are finally resolved then at that later point, then there might be some ability to make larger DCA amounts once the income/expenses are resolved or maybe even waiting until the new paycheck comes in prior to spending all of the amounts of the earlier paycheck.. Some people probably already have systems in place to deal with irregular pay and expenses, yet if they are investing in something like bitcoin, it becomes even more important to manage their cashflows so that there is never any situation that comes in which they have to sell some or all of their BTC at a time that is not completely of their own choosing.. and the selling of BTC does not end up happening due to inferior cashflow management practices.


You sound like a goofball... to the extent that you are not actually trying to mislead folks or to purposefully give bad advice.

Most people do not have enough bitcoin, and your recommendation is that their bitcoin strategy should be to wait for BTC prices to reach $40k.  That is a really dumb idea, unless maybe you have already accumulated enough or more than enough bitcoin.. which truly an overwhelming number of normies have not even come close to having enough bitcoin or more than enough, which would likely be required if they were presuming that it is even possible (or likely) that BTC prices might reach $40k.

By the way, it is quite possible that BTC prices might never go below $60k again.. .. yet I am not really proclaiming to know, and so in order to get down to $40k, they have to drop a lot from where we are at right now.. so that sounds quite unlikely to me, and sounds like a gambling approach to BTC rather than an investing approach to BTC.. but hey whatever, if you believe that you are already in a position to wait for BTC prices to drop to $40k ... especially since you have been registered on the forum since September 2017, then maybe you personally already have accumulated enough or more than enough BTC, as compared to others who are newer to BTC.. and in your seeming general comment about how folks should go about bitcoin accumulation, you did not even differentiate between newbies and longer term bitcoiners, which truly is misleading if not completely disingenuous.


Largely I agree with the contents of your post Btcdeybodi... yet I found your last sentence a bit confusing.. and so largely I was trolling Wind_FURY with a bit of an exaggeration of a statement that I consider the statement to  have some truth to it at the same time, and in essence, I was trying to suggest that Wind_FURY work a wee bit MOAR harder on his prediction making capabilities, since he already has a record of making bad predictions and/or getting emotional about various current events.. so I am not even suggesting that my comment is for funzies, but that if Wind_FURY tries harder to predict better, he might not even want to make better predictions, but for funzies he could try harder in  his prediction making attempts... so yeah, I tried to use some colorful language in order to attempt to have some fun with the topic, since sometimes Wind_FURY and I have gone into various battles, and sometimes Wind_FURY even gets mad (and emotional) about some of my interactions, in certain ways that sometimes he tells me he is going to ignore me from here on out and then  a month or two later he is back to interacting with me... so yeah, sometimes I purposefully use language to try to poke a stick at Wind_FURY.. so there can simultaneously be both seriousness and fun within my attempts to make a point with Wind_FURY.  

Don't get me wrong, there can be battles along the way between any members, yet at the same time, there still can be attempts for any of us to try to make substantive points that may well be helpful to any member reading posts within this thread.


Personally, as I already mentioned, I get the sense that you are getting overly excited, and you even seem to be adjusting Trump's words to your own intentions, since if you had been using Trump's speech at the bitcoin conference as your reference, he did not even speak that clearly on the topic, even though you and others are trying to ascribe extra intentions to him... and in fact he mentioned a bitcoin stock pile and he kind of waffled whether confiscating the BTC of holders might become the bitcoin policy under his administration, if such an administration ends up coming. Yeah, there is a decent amount of time to potentially fix such ambiguities, yet I have my doubts about the extent to which various positive vibes towards bitcoin would unambigously cause bitcoin's volatility or downside from going away in ways that you seem to want to read into the situation.

Yes, don't get me wrong, it is way better that various candidates, including Trump, are speaking positively about bitcoin and potentially seeming to contribute towards various other influential people to speak positively about bitcoin, and also bitcoin goes more and more into the public consciousness in such a way that we might end up with more bitcoin buying and more UPpity buying pressures, yet still even though there are possibilities that UPpity buying pressures contribute towards less likely downward BTC price movements, bitcoin prices are not just a result of one factor or a few factors, and I even have my doubts about political factors really clarifying various ambiguities to take away BTC price movement in both directions, including downity from time to time... from here?  I am not even going to claim to know, even though you (Wind_FURY) seem to want to claim that you know... or that you have warm and fuzzy feelings about UP only of dee cornz from here on out, or whatever it is that you are wanting to say.


Oh gawd.    How can you go from one extreme to the other?  Surely you love exaggerations, and it seems to me that there would be quite a few of us getting quite worried about bitcoin if we were to go back below $30k for any meaningful time... and even going below $40k would end up having quite a bit of wide-spread worrying from current BTC hodlers.. though I am not sure if those kinds of prices might inspire a lot of buying, though one of the problems with suggesting BTC price moves in advance, sometimes we might need to have some better idea of the context for such downity BTC price moves, so if based on information that we currently have and maybe Gox Dumping and some potential USGovt dumping or other governments dumping then that might explain some downward price moves, and maybe we might see the ETF holders dumping at the same time, yet we might need to see those kinds of behaviors rather than speculating about them, since those kinds of dumping behaviors do not really seem to be taking place, so it becomes quite difficult to even speculate that BTC prices might go into the lower $50ks or even get into the $40ks which woudl be a prerequisite for their going below $40k and thereafter going below $30k.. which currently all of those seem to be quite pie in the sky ideas, even though we do see some folks talking about those kinds of potential BTC price levels... which I personally have my doubts about any of those lower price levels including even getting into the lower $50ks, even though that is more possible than the others since we are at least currently in the ballpark of 20%-ish from reaching such lower $50k levels... whether a spike in price or something sustainable that happens down to those levels, it still seems unlikely to me, even though within a realm of possibilities... yet at the same time, newbies to bitcoin should not be waiting for any of those kinds of prices before buying BTC, and even folks who have been in BTC for less than a whole cycle, they probably should be continuing to buy BTC regularly rather than waiting for down scenarios, yet each person has to figure out these kinds of matters based in part on how many BTC they have already accumulated in light of their own circumstances.


Technically you (Futurexxx) are correct that bitcoin is risky like every other investment, yet you are sort of flippant about bitcoin, so you are implying that there is nothing special about bitcoin.

Do you know what bitcoin is?

Hopefully, you can appreciate bitcoin for beging amongst the best of investments currently available, if not the best investment for a wide number of people who otherwise might not have any chances to preserve their wealth.

Yeah sure, it is not guaranteed, and yes there is volatility and risk as you mentioned, yet anyone can take away a lot of the risk by investing an amount of money (from their disposable income) that they can afford to lose, so they can already be willing that the amount invested could end up going to zero, so that the most that they could lose is 100% of their investment, so even though they could end up losing 100% of their investment, there are also various other scenarios too.. including upside scenarios that you seem to be suggesting as no different from any other investment blah blah blah... which is ultimately misleading, perhaps you are even purposefully doing that, to the extent that you aren't just ignorant in regards to what bitcoin is and trying to act smarter than you are.


To me, it seems problematic to suggest that you should ONLY buy (or DCA) while the BTC price is below the current ATH.. That is not a very good approach for a newbie or even someone who might be fairly early in his BTC accumulation journey.
 
There also could be forum members who have been accumulating BTC for more than 2 cycles, but they are not even close to having enough BTC, so it may well be better for those folks to keep buying BTC, even if the BTC price might end up going above the current ATH.. I think you should be careful in presuming that stopping your DCA is a good approach without accounting for various other personal circumstances, including how much BTC a person had already accumulated.. and also perhaps the last 2 cycles the person had ONLY been able to invest between $10 to $50 per week, because he was a student or he did not realize what bitcoin was or various other reasons, and then now all of a sudden he has a better job and he is able to buy $500 to $1k per week because he is making a lot more money than he made previously... so is that guy supposed to stop DCAing if the price goes over $73k?  That sounds completely absurd to make such a blanket recommendation without appreciating where a person might be in their bitcoin accumulation journey..


DCA is amongst the best of methods for anyone wanting to ease into an investment or who might not have lump sum funds available, so DCA can be used by novice investors and also great investors... It is used by both, so don't try to down play DCA merely because it can be used by novices and try to act as if "great" investors have better ways to get into investments, even if many times great investors will have had already created a lot of different options for themselves, yet they still might purposefully choose to ease into an investment over time rather than lump sum buying into it, even if they have the option to lump sum buy into any investment that they would want to because based on your own presumption a great investor would have had created a variety of options for himself rather than being stuck only with DCA.  

Accordingly, even a "great investor" will consider the same options available to regular investors, such as DCA, buying the dip, lump sum and HODL.  A great investor might also use various other investment tools of options, derivatives, and leverage, yet it is not even necessary for a great investor to use any of those tools rather than buying (accumulating) bitcoin in the same various spot price ways that beginner investors and normies do, so stop it with your presumption that the use of various secret methods distinguish great investors from normies, especially when it comes to bitcoin, and the luck that we have that bitcoin is available to everyone and to everyone, yet there still might be some learning that anyone might have to do in terms of figuring out what kinds of ways of buying BTC might be available in their own geographies, which some countries have more options than others, and so there likely are some locations in the world where it is quite difficult to buy and sell bitcoin, even though technically peer to peer buying can be accomplished with an internet connection and a smart phone, and there also may be some other ways of holding BTC without technology, even though surely there likely is some preference to attempt to both understand what you are holding and how to get in and out of it, which surely varies from region to region and could well have more challenges to areas of the world in which internet adoption is at lower levels... thinking about areas of Africa.. but there surely are a lot of areas in which internet connections are a bit challenging and likely impeding of bitcoin adoption.


I agree with you (Smartvirus) to challenge sotelorene in his vague reference to whatever the fuck is or might be "great investors".. and at the same time to me, it sounds like you (Smartvirus) are largely presenting examples in which DCA could be the best, if not close to the best BTC accumulation techniques for people in certain situations in which they might want to accumulate BTC and such DCA method is then available to either small and inexperienced investors and even available to the whale investors who might want to attempt to strategically inject capital at various BTC price points along the way, yet even these whales might want to supplement their attempts at technical analysis with some non-technical analysis approaches such as DCAing in such a way that they are not quite sure about the technical analysis but they want to continue to buy BTC for some period of time based on some investment funds that they have coming in and coming available on a weekly (or whatever else) basis that they have such investment funds coming in.


Yes.. those people are also known as dumb people (or at least ill-informed) when it come to bitcoin investing.

Don't get me wrong.. being dumb comes a bit with the territory of getting your mind around what bitcoin is.. and to come to appreciate that if you are expecting to get in and out of bitcoin in less than a whole 4-year cycle, then you are trading and/or gambling rather than investing, and even if you might be able to proclaim that you are investing with such short timelines that are less than a whole cycle, anyone who actually has some kind of a clue in regards to bitcoin is, then shorter than 4-year timelines could not be reasonably categorized as long term investing, and the best that it is, if it even could be considered as investing, is short-term investing.
 
I would not want to diminish anyone who actually comes into bitcoin with intentions to invest into bitcoin for 4-10 years or longer, yet something happens in the life of that person in which s/he has to abandon his/her bitcoin investment, so even if s/he came into bitcoin with long-term investment intentions (of more than a whole cycle), s/he ended up investing into bitcoin in the short-term and was not able to hold through a whole cycle due to some personal circumstances that contributed to having to abandon such earlier intentions of investing into bitcoin for the long term. .but such long term ended up not happening and it turned into short-term.


You are wrong.

Every investor does not "need to have" a separate fund for buying the dip.

Even if we have a presumption that every bitcoin investor is trying to accumulate as many BTC as he is able to invest, and he has set up some DCA strategy.  
 
It is optional for such person to maintain extra funds for buying dips that go beyond his DCA amounts.

Yes.  Several of us have come to an appreciation that DCA is amongst the best of techniques, especially for a beginner investor and/or someone early in his bitcoin accumulation journey and also someone who might not have any lump sum amounts that he is able to invest into bitcoin, so in that case, the person who is DCAing is taking from his disposable income in order to determine how much and how frequently to buy BTC, and personally I like the idea of buying BTC weekly for newbies especially, yet each person has to figure out what kind of frequency works for their cashflow and their psychology, including any other cashflow management considerations that they might have to be working on.. and so I have frequently mentioned that there could be ways that weekly allowances for DCA might be attempted to be manually applied to try to buy dips during the week, yet those attempts to buy the dip within the weekly DCA may or may not be enough to make any meaningful differences, and the extent to which they decide to hold separate "buy the dip" funds on the side may well depend upon a variety of their personal financial and psychological circumstances and their decisions regarding how to deal with their personal circumstances.


You are reinforcing the dumb idea that every investor needs to have a buy the dip strategy, which truly is not true, as I already responded to that in my above response to Popkon6.


That is a bit confusing.  You seem to be suggesting that "we" suggest at least 5 years so that there are decently good chances that we will be in profits at that time so that presumptively we are going to be able to sell... You are not necessarily wrong, but you still are coming off as being in a long term trade rather than an investment, maybe merely because you are caught upon the idea of the need to buy the dip.. so I just get the sense that you have a long term trading mentality rather than really considering bitcoin as investing... even though you are using the term "investing" into bitcoin.

 

You seem to be preoccupied by buying and then selling, and we are not even talking about selling in this thread.. even though there likely is a presumption that at some point after buying we would transition into either a maintenance or a selling mode.. but for you, you seem to somewhat get the idea of long term, yet you still be considering your bitcoin holdings as a kind of long term trade in which you can get more dollars down the road.... so yeah sure all of that might end up working for you.. .. yet it does not really seem to recognize bitcoin as more than just a trade. .or even some of us might spend many many years buying bitcoin, and to me it sounds like after many years in bitcoin, you are going to just want to get out and make your dollars... which seems a pretty lame perspective and maybe even a lack of a appreciation of what bitcoin is or how to talk about it as a kind of thing that is held for the long term, even if after some point there might be sustainable withdrawal that might be price based and/or time based.

There is no alternative to buying the dip if you want to make any headway in you bitcoin DCA practice, because it is only buying the dip that you stand a chance to gain from the market on time, and Also limit you chances of losing a substantial amount when you buy and hodle, although yeah bitcoin investment should be done with the long term approach also, so while setting aside your extra cash to buy up bitcoin at every upportuned chances, you should be ready to hold the bought bitcoin for a long period of time in other to have the chance to make a remarkable gains from you investment, so you need to practice patience and also be ready to risk the time no matter how long it takes, that is why we always advice that bitcoin investors should set at least a 5 years investment plans so that at least with in that time, bitcoin price should have move above a significant amount that is way ahead and above your bought price.

Investing in bitcoin need alot of decipline and knowledge, because is only with those two tools that you can be able to stand out among others and be able to take the right position at all time be it buying the dip and hodling for a while and selling to make the desired profits.

You can only get feared for it if either you don't have experience to deal with those scenarios also you don't really believe that bitcoin will recover after there's a dump happened occur to this coin. If they can get valuable advice then its good to consider since it helpful somehow to create good decisions towards their planned accumulation. What's really important is to take action and start when they are ready to engage with bitcoin long term investment.

But consistent people to learn many things to help their investment would surely not afraid on the dumps, but rather they might look at it as opportunity. So if we see people got feared on pump and dumps well maybe its best to advice them on how they approach in those situation since for sure they could able to think about those words they receive and provably learn from it especially if they already started up their investment.

All original investors will want to keep their bitcoins for a long time.  That is why every investor should implement their plans, because investing must be planned. Although currently there is a massive dip in the Bitcoin market, as Bitcoin reached $70k, from where it has touched $64k. 

This is the gap that is created and the most success is possible if you buy the dip according to this gap. So every investor needs to have a separate fund in his investment list to buy bitcoin dips, and continue to invest in regular DCA method with other funds.

Without any argument, buying below the current ATH can be considered as a dip and it is profitable as long as Bitcoin would break a new ATH someday. It is very realistic to assume that 120k$ can be the next ATH, just know that even a 1$ increase above the current ATH can still be referred to as a new ATH. When buying on dips there are things that are most importantly needed for an investor to keep in heart. Which is long-term. People may consider the long term to be a year, or two years but if you want a complete Bitcoin cycle for assurance on profits then a 4-year period is satisfying as long as we continue to accumulate within this timeframe and did not tamper out investment.

I would like to know th category of investors that you refer to as great investors.

I’ll agree with you however not on the term that the DCA method to building a Bitcoin portfolio isn’t the best but, the idea that the best form of investing is subjective to individual investors. I’ll give you 2 instances but before that, let me remind you that, Bitcoin is very volatile and extremely difficult to predict on its price movement.
With that on your mind, let’s get to the instances

Whale investors don’t need no prediction on what price they might buy in at, although, a couple of them do look at the charts but, it’s not always necessarily the dip. They understand the concept of hodling and they eventually does hold, not minding what’s going on in the market because, they know it would rise.

Small and inexperienced investors often don’t know how to go about predicting the market and even when they get the hang of it, they tend to wait too long to invest because, you don’t get to nail the dip accurately and that could lead to loss opportunities.

DCA ensures you’re not making no mistakes or procrastination, you don’t get to predict the price and no opportunity is lost. All you need is patience and some other stream of income to support your hodling and add to your portfolio using DCA.

The DCA method is really good no doubt but we can't really say is the best and most profitable way to Bitcoin investment rather it can be seen as the best for those who uses that method of accumulating Bitcoin do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.

DCA strategy is just an accumulation strategy that makes it possible for investors to be able to accumulate bitcoin no matter the amount they have or earn and no matter the price of bitcoin. Long term investment is ideally the best but DCA strategy is not only for those who are in for the long term investment and DCAing for a long term doesn’t guarantee successful investment, investing (buying) is a step among the different steps to be taken when investing and to be successful one must also possess certain characteristics like to be patient and be able to withstand the pressure of panic selling. long term investors should possess the ability to withstand every downturn the market throws at them and be focused on meeting their targets if they want to be successful.

It doesn’t matter the price of bitcoin DCA strategy will always be useful and effective for people because it is the only way people will get to invest what they can afford to lose and not go beyond their limits.

You are correct technically since making purchases of Bitcoin during the bearish market can be giving more Bitcoin at a lesser amount of money but a newbie that is new in the space should not pay any attention to the market conditions before attenting to increase his or buying in order to decent his or her Bitcoin portfolio. However, it all boils down to how much of disposable income that is made available for investment irrespective of the market condition, yeah my point is that no one should be carried away by the influence of the bearish market and use the money that is meant for other important living expenses for investment which might be apparently out the initial plan. No one should be hesitant to decent portfolio by increasing buying Bitcoin during the bearish market without any proper planning and budgeting.

It won't make any sense to await any further, because the current price will now be remembered as a giveaway price. And by that time there is nothing else one can do than just accept his/her fate, and continue buying from there since that price will now become the new DIP. If by the time bitcoin DIP becomes $150k people who missed to buy today will forever be in regrets.

But another factor to consider why some might still consider to wait further is that  everything is just a mare speculation as nothing is certain that if Trump does create a Bitcoin Strategic Reserve in 2025, that price of bitcoin will go over $150k, that's why some people will still choose to wait further. But to be on a safer side one should always get as little as we can through the DCA so that if events go either ways we won't lose out totally.

Not just hodliing when the price dump but to buy more keep coin in a discount price and this is why old investors that have accumulated a good size of bitcoin loves to wait for the dip so that they can buy at that time to increase their bitcoin stash as they hodli. Anyone who sells his bitcoin due to price dump never had the intention to hodli for long.

This is why new investors should adopt the DCA strategy to accumulate bitcoin in order for them to build their bitcoin portfolio continuously without stopping, because DCA gives them the chance of buying bitcoin when the price dips and pumps because all what they are doing is just to keep on buying so that they can reach their bitcoin target overtime. DCA is my favorite strategy and that is what I am using to buy weekly because it eliminate the fear in you since it is an amount that I don't need urgently that I am using to DCA and before I started my bitcoin journey, I am used to saving money from my monthly income.

Thanks for explaining me about holdings so nicely. Your example was helpful for me.

I meant the same thing.

We all know Bitcoin is a volatile currency. Price dumping and pumping are familiar forms of Bitcoin. Selling savings as they are dumping prices can be considered a bad decision. Investors need to be advised to be bold before giving any advice. The lack of courage to fear dumping can lead to regrets and potential losses. So if you dump the price of Bitcoin, it will definitely pump again, try to hold it instead of selling it out of fear.

I know the method you mentioned is a very profitable method. No one will discourage you from buying dip. To buy a dip you have to wait until the specified time and the specified dip position is reached. Because of this many times you may fail to buy dips and may discourage you from investing.

I can tell you a method as simple as dip buying method. That way you can buy more dips and you can get more profit if you hold it for a long period. Instead of waiting to buy the dip, you can buy small amounts of regular bitcoin as long as the price remains below the new ATH. As long as it doesn't make new ATH you keep your investment and commit to long term. For example, the current ATH of Bitcoin is around $73k, that is, until the price of Bitcoin does not cross $73k, you should consider the price of Bitcoin as a dip and keep buying. When the price crosses $73k and creates a new ATH, you should stop your investment and try to go long. As a result if you start this method now your average dip buying price will be between $65k-$67k. Bitcoin is predicted to be worth $120k or more by the end of this year or next year. If you think you won't buy this savings before the sale, you can (potentially) sell for $150k even if you want to sell after 4 years. Where your average purchase price was $67k and your selling price would be $150k+, your profit would be more than the purchase price. Thus if you target another ATH and trade using the same method then after 4-12 years you can get 3x-4x profit.


I generally prefer the DCA approach, thinking about such an approach in relevant words and discussing it with you. Please correct any mistakes in this procedure.

I really appreciate your reply with details because now I am trying to read and following few things most chances I will go ahead with my weekly option because currently this is suitable for me and I can accumulate every week which will help me for having long term profit.
But here now I have one problem I never want to stock them on any exchange and having this in my Electrum wallet has never been easy because this need good fees for withdrawing from exchange site hopefully I will do something about this as well because some time back I have nearly 1 bitcoin in cryptophia, but It's never came back into my pocket after this exchange disappear.