Buy the DIP, and HODL!

[Justbillywitt]

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy,perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

I disagree with you that every strategy is suitable for a brand new investor because it means that you are encouraging new investors to wait for the dip when we all know that waiting for the dip is not ideal and improper way for a new investor to start his bitcoin journey with because he does not know when the dip will happen and he might end up not acquiring any bitcoin s the dip did not come.

The last time I checked, we have three methods of accumulating bitcoin which is buying at the dip, lump sum and DCA. For new investors DCA is the best strategy for them because it gives them room to buy bitcoin constantly with part of their discretionary income without jeopardizing with the financial responsibilities. Not all new investors are rich to have huge amount of money to buy lump sum and even if they have because they are still new to bitcoin, if they lump sum, they will miss the opportunity which the market offers to those that DCA strictly constantly, persistently and consistently.

When you lump sum as a new investor, it is only when bitcoin price is above the amount that you lump sum is when you will be in profit but if you use DCA method some point or with time your average bitcoin price will be reducing as long your DCA is ongoing overtime because he will buy at the dip, when the price is high and at price consolidation. Lump sum is good when you mix it with your regular DCA buying, or when an investor bitcoin size has reached a certain level. Imagine a new investor who lump sum at 73k because of the hype from the approval of bitcoin ETF, since that time till date his bitcoin portfolio value is still low compared to when he bought.

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

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

[cryptoWODL]

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

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

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

[I_Anime]

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

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

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

[Sobz]

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

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

[DubemIfedigbo001]

That's why is not all about learning alone , but also how to put those knowledge to use there are alot of folks at there that know about DCAing but they can't put it to good use in building a better investment (bitcoin) for themselves . Instead they just keep accumulating knowledges without having any bitcoin stashes in their portfolio. Because all this knowledge we keep learning from this forum will surely help us to secure a smooth investment for ourselves.

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

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy,perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

I disagree with you that every strategy is suitable for a brand new investor because it means that you are encouraging new investors to wait for the dip when we all know that waiting for the dip is not ideal and improper way for a new investor to start his bitcoin journey with because he does not know when the dip will happen and he might end up not acquiring any bitcoin s the dip did not come.

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

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

[sotelorene]

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

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

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

[Yucky]

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

Looking at the market can be bad and it can also be good too, everything just depend what could be the reason for looking the market.  An investor can decide to always watch the price of the market not necessarily for fear of volatility but just to see the movement of the market to take advantage of the dip. I don't think their is no how one will be investing bitcoin and not getting to know the price of the market. Looking at the market is not the reason why investors fail to hodl, the reason why people fail to hodl bitcoin is because they want to make profit fast and they do not want their bitcoin to drop because of volatility, wrong understanding of the market.

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

Real hodlers still look at the market when bitcoin goes dip, they are aware of the fall of price but they don't get panic. I dont think looking at the market is a challenge to hodl bitcoin,  the main challenge why people are unable to hodl bitcoin is because they are not ready to hodl they just want the profit very quick and when the market falls they panic and sell out of fear.

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

[Lidger]

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

Bitcoin price went from $20,000 to $15,000 then no disappointment now Bitcoin price is $60K now there is no question of disappointment. We have to trust the market, and use the opportunities that come. Bitcoin price is dumping after investment no problem if you have money use that opportunity invest during dumping you will see when bitcoin price increases your profit amount will be much higher. But everyone's thoughts may not be the same. If I lost some money in the beginning of investment I would have been very upset about it but now I have the tolerance for everything so even if there is a big dumping in the market I keep my investment hoping for something better because my investment is here for a long term plan. Dumping definitely won't affect me.