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Topic: Buy the DIP, and HODL! - page 329. (Read 140419 times)

sr. member
Activity: 644
Merit: 271
March 22, 2024, 11:06:46 AM
This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.
with proper planning An average Man can also  keep to the term of buying the dip whenever there's a dip , not just the rich alone , true that those who are financially stable have more advantages in accumulating more quantities Bitcoin using any of the strategy, but as an average Man that's not that financially stable would consider basing more on planning when accumulating more bitcoin, like putting an reserve money aside in order to buy the dip (he reserve money may not be as big as the rich but it can secure some good quantity for him) mostly when his entry was just right. The rich may be more aggressive and all that in their accumulation due to their financial capability. But if an average Man can be aggressive according to his financial capability without over doing it he won't have  any urge of considering using his emergency or reserved funds to accumulate just in the name of wanting to be more aggressive. Preventing him from ever tampering with his investment, inorder to cover a certain expenses.

When we are talking about buying at a dip, it is mostly the average investors that waits for a dip because their input is little therefore he will look for a time when he will buy at a more dipper price, then the rich doesn't even care about a dip because they are dealing with huge amounts of money of which they know that they will make some profits in it and they don't even DCA as most of them prefer buying a particular amount of Bitcoin and doesn't accumulate further but the average man uses the DCA because his investments is not in large quantity so it would take some time before he can accumulate as many as he wishes to using the DCA.

Emergency funds is also important for any investor that is using the DCA because that is the only way to to keep the accumulating spirit alive if the original source is not yet available for the main time then the emergency funds can help to sort out other basic things of life without affecting the DCA
Is true that an average Man can't purchase large quantities of bitcoin , instead he or she focus on using different strategies that is convenience to them in accumulating bitcoin. So as an average man that can't afford large quantity of bitcoin he would focus on using strategy like DCAing at first to start buying at different price interval without tampering with his emergency funds. And if such individual noticed any dip in market he or she would grab such opportunity to to buy more bitcoin as the price is low to secure some good quantities for themselves before any increase in market. Though even when market all green such individual may continue accumulating without any fear even when he or she endup buying the top (because I'd Bitcoin we talking about) because no matter along it might take bitcoin would keep undergoing break through.

That bitcoin is the best project to invest on , in this space, given but the average and the rich the privilege to get wealthier. And we all believe that as Time goes on Bitcoin would keep on growing tremendously and gaining more adoption and those who take the chances to invest on it would also experience a tremendous growth in their finance changing one lives for the better.
sr. member
Activity: 434
Merit: 216
March 22, 2024, 10:38:34 AM
This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.
with proper planning An average Man can also  keep to the term of buying the dip whenever there's a dip , not just the rich alone , true that those who are financially stable have more advantages in accumulating more quantities Bitcoin using any of the strategy, but as an average Man that's not that financially stable would consider basing more on planning when accumulating more bitcoin, like putting an reserve money aside in order to buy the dip (he reserve money may not be as big as the rich but it can secure some good quantity for him) mostly when his entry was just right. The rich may be more aggressive and all that in their accumulation due to their financial capability. But if an average Man can be aggressive according to his financial capability without over doing it he won't have  any urge of considering using his emergency or reserved funds to accumulate just in the name of wanting to be more aggressive. Preventing him from ever tampering with his investment, inorder to cover a certain expenses.

When we are talking about buying at a dip, it is mostly the average investors that waits for a dip because their input is little therefore he will look for a time when he will buy at a more dipper price, then the rich doesn't even care about a dip because they are dealing with huge amounts of money of which they know that they will make some profits in it and they don't even DCA as most of them prefer buying a particular amount of Bitcoin and doesn't accumulate further but the average man uses the DCA because his investments is not in large quantity so it would take some time before he can accumulate as many as he wishes to using the DCA.

Emergency funds is also important for any investor that is using the DCA because that is the only way to to keep the accumulating spirit alive if the original source is not yet available for the main time then the emergency funds can help to sort out other basic things of life without affecting the DCA
sr. member
Activity: 476
Merit: 308
March 22, 2024, 10:37:26 AM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.

Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.
from the tome of your responses, it's possible you're still trying to figure out if you can buy with a greater amount or you're yet to start starching at all.

Investing $10 at the end of every month as a DCA strategy only goes to suggest that you're possibly playing too safe maybe because you're still skeptical about the fate of Bitcoin in the future and wouldn't want to risk investing a greater amount into it. But if my assertion is wrong and you're currently DCAing with the $10 a month, then I should tell you how much you would have starched up in the next ten years you're looking at so you can see things better off by yourself.

$10 a month ×12 months =$120
$120 a year ×10 years should give you = $1200. That means that at the end of making a ten year starching, you're only able to get $1200 worth of Bitcoin.
What would be the value of $1200 worth of Bitcoin in the next ten years? Let's assume that Bitcoin doubles it current price or triples it, as long as the quantity of your starch isn't much, your profit wouldn't be much also.

But let's assume you're DCAing with 20% of your $100 weekly pay;
$20 a week × 4 weeks = $80
$80 a month times 12 months = $960
$960 a year × 10 years = $9600 in the next ten years which is a reasonable amount and average person should hope to starch up in the next ten years.

Maybe we should be frank enough to tell ourselves some bitter truth that we can't achieve most of our goals if we are trying to do things in our most comfortable way. I'm never suggesting you invest with an amount that will inconvenience your life throughout your holding stage but pushing yourself a bit further would still do you good in the long run.
Your analysis are correct, people are now confronted by the term of investing only what they can afford to lose, making them now investing pennies in their investment portfolio, they actually forgot that anything worth doing is worth to be done very well. Profit to be made from Bitcoin investment is not on an outcome of probability nor a guess, the historical stats are there right from the very beginning we have experience DIPs but always exceed every previous ATH just after halving.

Your calculations is well strategiesd, the sweet thing about investing in Bitcoin using the DCA method is that you aswell get to buy from DIPS, a 10yrs investment planning is combined of two Bitcoin cycles which the market must DIP allowing you buy at a very lower price. Your supposed total calculation of $9600, we can consider it low since we get to buy the DIP from each cycles.
sr. member
Activity: 476
Merit: 435
March 22, 2024, 10:26:59 AM
When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.
This market correction is an important influencer to help Bitcoin reach the peak of it's all time high, many already predicted the correction to happen and it did, every current price range is the absolute point to invest in not undermining it could go lower than the recent price. Dcaing on the DIP should be encouraged as we stand much better chances to accumulate more Bitcoin than just buying at a particular point, who knows if the price would go below.

I would advise investors who have enough finance to DCA massively than usual at this period when we are very close to the halving anything might happen. Bitcoin might return to hitting new price mark and it's encouraged for we to take the correct condition of the market for our own advantage.
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.
This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.
Yes I understand what you are saying and that's just the truth. What I was actually saying was that salary earners should not just wait for a dip to buy or take break to see if there will be a further dip before they can buy. Rather they should continue with their weekly DCA and not wait only on the dip. They should buy at all market conditions provided their salary keeps flowing in. Even if they have been buying for the past 2 years they should just keep buying until they have gotten something reasonable. And for people doing low income DCA it could take several years to get a reasonable amount of bitcoin, but what's the rush all about? After all this thread is about buying and hodling, so we shouldn't stop along the way. If we must see positive result, then it must be continuous.
sr. member
Activity: 392
Merit: 277
March 22, 2024, 10:18:35 AM
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio.

Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit.
to be honest, some people need to fix their finance before even thinking about buying Bitcoin. how do you allocation just a $10 worth of investment in a whole month and you are hoping it will amount to anything big in the next ten years? I know everyone's income is not the same and while it might be easier for some to invest with something as high as $100 a week, others might not cope with that but we all know that our finance is one aspect of our lives that's very important and that we have to take it seriously and and not allow an average mentality tire us down to taking our investment casually.

The primary reason why we are making bitcoin investment is to ensure our future security is insured and that we don't necessarily have to work till we become extremely old and that's why it's necessary we don't just go about it casually as though we are playing. Their is a popular saying a professor told us while we matriculated into high school that always stocked with me whenever I'm doing a long term something. She said, throughout your stay in school, read as if your your success depends on you and you alone and pray as though you've not read at all and that your succes depends only on God. you should also use that statement as a sort of motivation to incourage you wile buying your Bitcoin. You you have to Buy as if your future depends entirely on the quantity of your bought Bitcoin and work as though you don't have an investment at all. if you're able to blend this mentality into your mind, you will definitely improve on how you take your financial life seriously and it will also go a long way to increase the weekly or monthly allocation you put into buying Bitcoin.
sr. member
Activity: 644
Merit: 271
March 22, 2024, 10:04:24 AM
This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.
with proper planning An average Man can also  keep to the term of buying the dip whenever there's a dip , not just the rich alone , true that those who are financially stable have more advantages in accumulating more quantities Bitcoin using any of the strategy, but as an average Man that's not that financially stable would consider basing more on planning when accumulating more bitcoin, like putting an reserve money aside in order to buy the dip (he reserve money may not be as big as the rich but it can secure some good quantity for him) mostly when his entry was just right. The rich may be more aggressive and all that in their accumulation due to their financial capability. But if an average Man can be aggressive according to his financial capability without over doing it he won't have  any urge of considering using his emergency or reserved funds to accumulate just in the name of wanting to be more aggressive.
Preventing him from ever tampering with his investment, inorder to cover a certain expenses.

Edited:
In the end, it seems to be a matter of priorities, even though surely there are some folks who really do struggle to figure out ways to earn an income that is high enough that they are actually able to invest, so it is hard to blame people for those kinds of circumstances, even though bitcoin does seem to be amongst one of the best ways forward if they are actually able to figure out a way to earn more than their expenses and to stock (stack) some of their value away in some kind of savings/investment - including the need to maintain an emergency fund, too.
you are right, this is one of the reason why most people haven't started investing or accumulating Bitcoin, due to not be able to meet their need with their salary earned. So an individual who's not able to meet his need can't think of investing, because if by any chances they endup investing with such financial situation they would endup selling their investment when it haven't yield them anything inorder to coverup some expenses , because their money was not able to sustain them or enabled them to have an emergency funds. Most people that found theirselves in such situation most time  endup having multiple sources, inorder to have some money they can use to invest and to meet their need . Even though their accumulating money might be small ( still better than none) but if they are frequent it like 4-10 years using %10 of their earnings they would be able to secure a good investment for themselves.
legendary
Activity: 3962
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Self-Custody is a right. Say no to"Non-custodial"
March 22, 2024, 09:50:42 AM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.[\b]
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio.

Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit.

Ultimately it is good for each of us to get our priorities straight, including that a lot of people fail/refuse to invest, and maybe they do not have opportunities to invest, so they may end up working their whole lives without really being able to stop because they don't have enough money to be able to stop or even to slow down without suffering from their lack of any kind of meaningful nestegg.

Bitcoin provides an opportunity for anyone and everyone to invest, even with a relatively small amount, but like you suggest Sim_card, there should be some kind of a meaningful amount in order for the outcome to have some kind of potential for meaningfully impacting the person.

Frequently, I suggest to shoot for 10% of your income and/or expenses, so then at least after 10 years, you would have had invested a whole year's of income. even though surely income levels and expenses are likely to increase over the years, but it seems that investing in bitcoin has a good chances to keep up with and perhaps even outperform inflation(and/or the debasement of fiat currency values).

In the end, it seems to be a matter of priorities, even though surely there are some folks who really do struggle to figure out ways to earn an income that is high enough that they are actually able to invest, so it is hard to blame people for those kinds of circumstances, even though bitcoin does seem to be amongst one of the best ways forward if they are actually able to figure out a way to earn more than their expenses and to stock (stack) some of their value away in some kind of savings/investment - including the need to maintain an emergency fund, too.
hero member
Activity: 658
Merit: 562
March 22, 2024, 09:24:28 AM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.

Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.[\b]
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio.

Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit.
hero member
Activity: 1358
Merit: 627
March 22, 2024, 09:20:22 AM
Of course I fall in the category of people who have not accumulated enough bitcoin. At my level even I keep accumulating on my DCA for the next 3 years I wouldn't still have enough bitcoin so why will I wait? There is no way am going to wait, instead of waiting I will continue buying. You see lots of people are making this mistake of waiting and it will only hurt them. Even Microstrategy are buying bitcoin in all market conditions and are yet to stop buying, then why will someone like me who has gotten anywhere think of waiting for which market dip before buying, that will never happen. I will encourage everyone to leave the waiting camp and join the continuous buying camp. It is more organic this way!!
Even though we are on a long-term investment journey, at least we already have a small amount of Bitcoin in our portfolio. For this reason, constructive advice is to buy and keep buying so that you will feel satisfied with your BTC ownership. Today Bitcoin has corrected again and this is an opportunity to continue accumulating at cheap prices and don't keep waiting because time passes so quickly that later you will regret it because you postponed the purchase.

3 years is not a short time and of course you need patience to achieve your investment target. I have even gone through the first year and it requires full concentration so that our investment goals can be completed perfectly. Don't delay your purchase because there are lots of big companies out there that continue to accumulate Bitcoin and they continue to buy using the DCA strategy.
sr. member
Activity: 476
Merit: 316
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March 22, 2024, 09:12:54 AM
When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.
This market correction is an important influencer to help Bitcoin reach the peak of it's all time high, many already predicted the correction to happen and it did, every current price range is the absolute point to invest in not undermining it could go lower than the recent price. Dcaing on the DIP should be encouraged as we stand much better chances to accumulate more Bitcoin than just buying at a particular point, who knows if the price would go below.

I would advise investors who have enough finance to DCA massively than usual at this period when we are very close to the halving anything might happen. Bitcoin might return to hitting new price mark and it's encouraged for we to take the correct condition of the market for our own advantage.
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.
This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.
member
Activity: 110
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March 22, 2024, 03:31:59 AM
~snip~I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.
I mean in general not to look long for a dip, now if one is able to find the maximum dip in 1 week then that is definitely a good thing for short term. But those who have money to invest and those who have been investing consistently for a long time have many advantages. Because I think you'll agree with me that they know they have to wait a few years to get the maximum dip, but it's very difficult to get it nowadays.

But currently only following DCA can't make much profit if one thinks in 1-2 years, but if one does it again in 5-10 years then chances of profit again are very high.
I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
Small word about your "disposable income" meaning a lot. Disposal income is a key vehicle in long-term investment strategies. This catalyst is the driving force for long-term growth in Bitcoin investment. Apart from that there are other elements like investment strategy and right timing...It goes without saying that DCA is the best investment strategy.
sr. member
Activity: 476
Merit: 435
March 22, 2024, 01:06:34 AM
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.
DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.
My opinion here is very clear because when you are looking to buy bitcoins you have to look at the low or high prices. You should pay more attention to how much you can save or invest or accumulate bitcoins. Then the continuity in investment will be fine. But if you want to buy bitcoins on your own and invest a large amount, it depends on your personal decision what kind of decision you actually make and with what kind of plan you manage the investment. But if you want to make a plan then I hope @JayJuanGee's suggestions will be very useful in your case

It seems that @Justbillywitt and I are somewhat on the same page here. and you  are the only one suggesting the possibility of waiting more.

I still am not sure why there would be any reason to try to figure out the high and the low unless a guy were to be trying to buy a further dip than we already have had and surely we don't know if there is any further dip and we might not even be able to assume that anyone - Justbillywitt or anyone else - still has extra value that he might be holding back to buy a further dip.

Surely if you are manually employing your DCA every week, then you might try to maximize your buying potential by trying to figure out the dip within the week and to buy the dip; however, if you are having trouble figuring out the dip wouldn't you just buy at any price rather than waiting around with the money or letting it build up?

So in the end, the extent to which you feel that you are even able to wait for further dip depends partly upon if you already have enough BTC, and since an overwhelming number of people do not have enough BTC (which I believe Justbillywitt fits in that category), then they most likely should not be waiting around to try to figure out how much of a further dip there might be at some later point..

Let's say if a guy is buying every week for the past 6 months or 1 year or even 2 years... do the guy think that he has enough BTC and does he believe that he can stop and wait and figure out if there is going to be more of a dip in the BTC price or just buy with his weekly authorized amount?

If the weekly amount is $100, then maybe instead of buying $100 for that week, you decide to buy $50 and then wait for a further dip for the other $50?   But there has already  been a decent dip, so if ONLY $100 is available, then there might be questions about how much waiting is necessary since there has already been a pretty decent dip.   Or would there be some other strategy?

You might not even be in a good position to say @Negotiation, especially since you said that you are not even buying BTC on a regular basis because you have too many expenses... I mean if you are not buying BTC regularly, then you are not prepared for UP, so are you just waiting for more down before you buy?  And, none of us here are really making those kinds of recommendations for guys who don't have much if any BTC.  We already had some down, so it seems that it may well be good to buy at these prices and perhaps save some more for next week depending on when the money comes in (and becomes available).  Are you waiting for more down from here?

I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.
Of course I fall in the category of people who have not accumulated enough bitcoin. At my level even I keep accumulating on my DCA for the next 3 years I wouldn't still have enough bitcoin so why will I wait? There is no way am going to wait, instead of waiting I will continue buying. You see lots of people are making this mistake of waiting and it will only hurt them. Even Microstrategy are buying bitcoin in all market conditions and are yet to stop buying, then why will someone like me who has gotten anywhere think of waiting for which market dip before buying, that will never happen. I will encourage everyone to leave the waiting camp and join the continuous buying camp. It is more organic this way!!
full member
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March 22, 2024, 01:00:54 AM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.

Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.
from the tome of your responses, it's possible you're still trying to figure out if you can buy with a greater amount or you're yet to start starching at all.

Investing $10 at the end of every month as a DCA strategy only goes to suggest that you're possibly playing too safe maybe because you're still skeptical about the fate of Bitcoin in the future and wouldn't want to risk investing a greater amount into it. But if my assertion is wrong and you're currently DCAing with the $10 a month, then I should tell you how much you would have starched up in the next ten years you're looking at so you can see things better off by yourself.

$10 a month ×12 months =$120
$120 a year ×10 years should give you = $1200. That means that at the end of making a ten year starching, you're only able to get $1200 worth of Bitcoin.
What would be the value of $1200 worth of Bitcoin in the next ten years? Let's assume that Bitcoin doubles it current price or triples it, as long as the quantity of your starch isn't much, your profit wouldn't be much also.

But let's assume you're DCAing with 20% of your $100 weekly pay;
$20 a week × 4 weeks = $80
$80 a month times 12 months = $960
$960 a year × 10 years = $9600 in the next ten years which is a reasonable amount and average person should hope to starch up in the next ten years.

Maybe we should be frank enough to tell ourselves some bitter truth that we can't achieve most of our goals if we are trying to do things in our most comfortable way. I'm never suggesting you invest with an amount that will inconvenience your life throughout your holding stage but pushing yourself a bit further would still do you good in the long run.
legendary
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March 21, 2024, 11:14:20 PM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.

I was not saying that the person has $100 per week income.  I was saying that the person has $100 per week that he has dedicated to investing into bitcoin, which presumes a much higher income since we should ONLY be investing from our discretionary income.

Of course, there is another guideline about trying to save or invest 10% or more of your income, which surely is another kind  of target that a person could have so then there would be an attempt to make sure that expenses are going to be less than 90% of the income, but then investing 100% of disposable/discretionary income is usually not a good idea until a person has gotten all of his shit together regarding cashflow that includes considering cashflow variance, emergency fund, reserves and/or float.

If we go with your example of a person who has $100 per week income, then that would be something like $400 per month - so surely there would be needs that all of the expenses would be less than $360 if he was going to choose to invest $40 per month or $10 per week into bitcoin (which yeah is 10% of his income).. now if that same guy had expenses that were $360, but he received a raise or a promotion or was able to increase his income to $800 per month, then maybe his expenses might go up too. .but he would be in a position to potentially invest a higher percentage of his income into bitcoin.. which has to do with refiguring what is his disposable/discretionary income. and surely if the guy is investing into bitcoin, then he likely need to establish an emergency fund that is 3-6 months and also some reserves so that he does not have to dip into his emergency fund unless it is truly an emergency.. so if the guy has expenses of $400 per month, then his emergency fund should be a minimum of $1,200 and perhaps even up to $2,400 and perhaps the first three months would be the most liquid in cash or something like that and the additional amounts could be a bit less liquid as long as he could get it within 3 months. as he is using his liquid portion of his emergency fund.

Of course, how much and how long a guy is able to invest into bitcoin is going to make a difference, but he also has to figure out ways to stay in the game and to attempt to be as aggressive as he can but without over doing it. and another part is to get off zero and get some kind of a regular practice of investing at whatever level he can to get started and then to put various systems in place to keep him investing and keep him in the game at whatever level he is able to and he can adapt as he goes if his income goes up or his expenses go down or whatever might end up happening..

[edited out]
From what you have explained here I understand that we can only buy bitcoin with the money that we are not going to need and not going to need in the next 4-10 years or as long as we are supposed to be in accumulating bitcoin cause we don't want a situation where buy we out ourselves under financial pressure cause we strain our expenses or other stuff just to invest in bitcoin without having proper preventive measures to ensure we are not going to dip our hands back in that invested bitcoin.

And building my emergency which should be up to 3 months or 6 months which should be enough to cater for any emergency and I should not use them for any reason other than real emergencies.

Yep.. that sounds right.
sr. member
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March 21, 2024, 10:36:38 PM
I guess figuring out the exacts numbers for each month or week concerning expenses is something that is bound to differ from time to time and I might well get it this month or week and the next week it doesn't work, so what I'm thinking right now would be to increase my budget for expenses and floats in such a way that I would have a 30% increase over the normal amount so that anyhow it might go I know that I am overly allocated to that side and if I have some left overs good then I can use them invest I to bitcoin.
Well the main thing is if your income varies an if your expenses vary so that then would determine how much income that you have to work with and so then you prioritize where to put each of them, and you can ONLY buy bitcoin if you know that you have money that is extra that you are not  going to need, so if you are simultaneously building up all categories then that does not really make sense, because your emergency fund and your investment into bitcoin could be built simultaneously, and so if you have 3 - 6 months in your emergency fund, then you are at more liberties to build the rest.  Once your emergency fund is established, you should not need to dip into it, and if you do, then the emergency fund is likely going to be prioritized to be built back first... and yeah there is a pretty fucking BIG difference between an emergency fund that is for 3 months versus an emergency fund that is for 6 months and in your example that is $300 versus $600, and so sometimes it can take a while for guys to build up their emergency fund, and you have to decide how much you need in that fund.. which is generally in anticipation of dried up income or some unexpected increase in expenses, but once the emergency fund is established, then you should not be dipping into it, and you likely should not be having emergencies for years and years at a time without having to dip into it.. it is a financial cushioin that shoud be available for true emergencies and so you would have other funds that you would use for the regular variations in your income and your expenses.. and so once the emergency fund is established, then should have a lot more liberties with maintaining the other categories whether that is investing into bitcoin and/or holding some back for buying on dips (in something like a reserve fund)...

 No one can really tell you how to do these things or how much to allocate to each category, but it seems to me that your emergency fund is way more important as you continue to build the size of your BTC holdings so that you are trying to prevent that you ever have to touch your BTC holdings, and part of the reason that you never have to touch your BTC holdings is because you never have to touch your emergency funds and part of the reason that you never have to touch your emergency funds is because you are good at managing your reserves and your float.  So there are priorities and there are reasons for keeping several of the financial cushions, but only you can establish the reasons for actually dipping into funds that might be there for certain reasons. and priorities that you establish, perhaps in terms of wanting to be able to build a BTC stash that you never have to touch, except for at a time that is of your  own convenience and that is usually thought of as 4-10 years or longer, but if you are still living with your parents, then your timeline might well be 20-30 years before you will need to start to dip into your BTC... and yeah that is all up to you, but I think that it takes a real long time to build up a long term investment, and if you are merely investing $10-$50 per week, it is going to take you real long time to make really meaningful progress. .and sure maybe your fuck you status is less than 1 BTC in 20 or 30 years, which surely might well be reasonably achievable with persistent and ongoing BTC buying, even if the amounts are seeming to be relatively low.

From what you have explained here I understand that we can only buy bitcoin with the money that we are not going to need and not going to need in the next 4-10 years or as long as we are supposed to be in accumulating bitcoin cause we don't want a situation where buy we out ourselves under financial pressure cause we strain our expenses or other stuff just to invest in bitcoin without having proper preventive measures to ensure we are not going to dip our hands back in that invested bitcoin.

And building my emergency which should be up to 3 months or 6 months which should be enough to cater for any emergency and I should not use them for any reason other than real emergencies.
sr. member
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March 21, 2024, 10:09:30 PM
Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.

Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit.

What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.
legendary
Activity: 3962
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Self-Custody is a right. Say no to"Non-custodial"
March 21, 2024, 09:55:37 PM
~snip~I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.
I mean in general not to look long for a dip, now if one is able to find the maximum dip in 1 week then that is definitely a good thing for short term. But those who have money to invest and those who have been investing consistently for a long time have many advantages. Because I think you'll agree with me that they know they have to wait a few years to get the maximum dip, but it's very difficult to get it nowadays.

But currently only following DCA can't make much profit if one thinks in 1-2 years, but if one does it again in 5-10 years then chances of profit again are very high.

Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..

But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.

So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
sr. member
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March 21, 2024, 09:23:34 PM
~snip~
.
I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.

I mean in general not to look long for a dip, now if one is able to find the maximum dip in 1 week then that is definitely a good thing for short term. But those who have money to invest and those who have been investing consistently for a long time have many advantages. Because I think you'll agree with me that they know they have to wait a few years to get the maximum dip, but it's very difficult to get it nowadays.

But currently only following DCA can't make much profit if one thinks in 1-2 years, but if one does it again in 5-10 years then chances of profit again are very high.
legendary
Activity: 3962
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Self-Custody is a right. Say no to"Non-custodial"
March 21, 2024, 08:52:42 PM
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.
DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.
My opinion here is very clear because when you are looking to buy bitcoins you have to look at the low or high prices. You should pay more attention to how much you can save or invest or accumulate bitcoins. Then the continuity in investment will be fine. But if you want to buy bitcoins on your own and invest a large amount, it depends on your personal decision what kind of decision you actually make and with what kind of plan you manage the investment. But if you want to make a plan then I hope @JayJuanGee's suggestions will be very useful in your case

It seems that @Justbillywitt and I are somewhat on the same page here. and you  are the only one suggesting the possibility of waiting more.

I still am not sure why there would be any reason to try to figure out the high and the low unless a guy were to be trying to buy a further dip than we already have had and surely we don't know if there is any further dip and we might not even be able to assume that anyone - Justbillywitt or anyone else - still has extra value that he might be holding back to buy a further dip.

Surely if you are manually employing your DCA every week, then you might try to maximize your buying potential by trying to figure out the dip within the week and to buy the dip; however, if you are having trouble figuring out the dip wouldn't you just buy at any price rather than waiting around with the money or letting it build up?

So in the end, the extent to which you feel that you are even able to wait for further dip depends partly upon if you already have enough BTC, and since an overwhelming number of people do not have enough BTC (which I believe Justbillywitt fits in that category), then they most likely should not be waiting around to try to figure out how much of a further dip there might be at some later point..

Let's say if a guy is buying every week for the past 6 months or 1 year or even 2 years... do the guy think that he has enough BTC and does he believe that he can stop and wait and figure out if there is going to be more of a dip in the BTC price or just buy with his weekly authorized amount?

If the weekly amount is $100, then maybe instead of buying $100 for that week, you decide to buy $50 and then wait for a further dip for the other $50?   But there has already  been a decent dip, so if ONLY $100 is available, then there might be questions about how much waiting is necessary since there has already been a pretty decent dip.   Or would there be some other strategy?

You might not even be in a good position to say @Negotiation, especially since you said that you are not even buying BTC on a regular basis because you have too many expenses... I mean if you are not buying BTC regularly, then you are not prepared for UP, so are you just waiting for more down before you buy?  And, none of us here are really making those kinds of recommendations for guys who don't have much if any BTC.  We already had some down, so it seems that it may well be good to buy at these prices and perhaps save some more for next week depending on when the money comes in (and becomes available).  Are you waiting for more down from here?

I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.
sr. member
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March 21, 2024, 07:53:58 PM
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.

DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.


My opinion here is very clear because when you are looking to buy bitcoins you have to look at the low or high prices. You should pay more attention to how much you can save or invest or accumulate bitcoins. Then the continuity in investment will be fine. But if you want to buy bitcoins on your own and invest a large amount, it depends on your personal decision what kind of decision you actually make and with what kind of plan you manage the investment. But if you want to make a plan then I hope @JayJuanGee's suggestions will be very useful in your case
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