Buy the DIP, and HODL!

[sotelorene]

Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy.

Statement like yours defeat the aim of our discussion here because going by that, people might go in search of their strategy instead of using what works and its being recommended here by people who have actually tested them and have even made some improvements that helped them become more effective. For instance, I was doing something else before joining this discussion and when I joined, I learnt about the DCA method of accumulation from @JayJuanGee who did exceptional job in it. Quickly, I started using it and it was not long that I saw real peace and progress in my Bitcoin investing, for which I'm eternally grateful.

Assuming I followed your type of advice, I would have moved ahead in search of supposed personal strategy and that would have mostly likely landed me into shitcoins where I came from with so much regrets. So, the reason we are here is to exchange ideas that will help us become better in our investing and   to remain adamant about what we believe in even when it is not working fine or giving us much positive result.

Well said mate, I think it's best to learn from other people experience it is the best teacher, the DCA method of accumulating bitcoin is one of the best method I know of cause it gives an investor the mindset of being consistent in accumulating more bitcoin, so instead of looking for other Strategies that could make one loose their asset in the process it's good to stick to what works best.
 Atleast it's been proven by @JayJuanGee and you, else you guys won't be preaching about it to others here, so @Lidger, instead of experimenting other Strategies you should stick to what works best and have been tested and trusted by other members.

Experience is the best teacher no doubt but sometimes you can not possibly learn from other people's experience because you won't know or understand the magnitude of the experience and  I want you to know that every strategy is unique in there own way, DCA method doesn't give investors the mindset of being consistent rather investors disciplined themselves and know what is right to do because there are a lot of investors who uses the DCA method yet they are not consistent with it so that method doesn't give investors the mindset to be consistent. Just like I said earlier any strategy can be good and perfect depending on your capacity, you are sounding like a trader at the end of your post however, you can't incur loss because of change of strategy rather you can become stranded and biased if you don't know how to manage your investment and your income.

[Marvelockg]

Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy.

Statement like yours defeat the aim of our discussion here because going by that, people might go in search of their strategy instead of using what works and its being recommended here by people who have actually tested them and have even made some improvements that helped them become more effective. For instance, I was doing something else before joining this discussion and when I joined, I learnt about the DCA method of accumulation from @JayJuanGee who did exceptional job in it. Quickly, I started using it and it was not long that I saw real peace and progress in my Bitcoin investing, for which I'm eternally grateful.

choosing to use the DCA methord or any other investment method you're comfortable with is totally an investors choice. You don't force anyone to use the DCA methord just because it's what the majority of us are using. If he has a methord that's working well for him,  it's totally okay to stick to it for as long as it's okay with him and if along the line he decides to DCA, it should be his personal resolve. The main point about buying Bitcoin with the DCA method is just to extablish a level playing ground for the different class of investor such that even though you're a new middle class or experience investor, you can easily find a comfortable spot to start regardless of your level of finance.

If by the kind of work one does or you're the type whose funds comes in bulk in a less often frequent timeframe and doing lump sum is what will work well for your case, there is no point trying to DCA just because the majority of people are using such methord.

Assuming I followed your type of advice, I would have moved ahead in search of supposed personal strategy and that would have mostly likely landed me into shitcoins where I came from with so much regrets. So, the reason we are here is to exchange ideas that will help us become better in our investing and   to remain adamant about what we believe in even when it is not working fine or giving us much positive result.

investing in shitcoin is totally out of the context when you're attempting to use whatever accumilation methord that's convenient for you. It's just best to role out shitcoin from a possible option to be considered regardless of how you want to become flexible with your investment strategy.

[Odusko]

Experience is the best teacher no doubt but sometimes you can not possibly learn from other people's experience because you won't know or understand the magnitude of the experience and  I want you to know that every strategy is unique in there own way, DCA method doesn't give investors the mindset of being consistent rather investors disciplined themselves and know what is right to do because there are a lot of investors who uses the DCA method yet they are not consistent with it so that method doesn't give investors the mindset to be consistent. Just like I said earlier any strategy can be good and perfect depending on your capacity, you are sounding like a trader at the end of your post however, you can't incur loss because of change of strategy rather you can become stranded and biased if you don't know how to manage your investment and your income.

DCA is the topic we are discussing here, but then I have to acknowledge your comments when you. Mentioned the rule of the individual motivations and approach to investment being the cardinal of the possibility of a successful ending in such an investment journey, this have triggered some level of discussion over a couple of time and each time I make it clear that personal Experience matters most much more than lessons that you learn from a third-party own experience, and many failed to take note of that, and making it sound and look as if they can actually learn the right lessons from another person experience or mistakes, but knowing the fact that it is best to learn from your own mistakes, so is the DCA journey, no matter the wealth of experience we share here in this thread, and the newbies bitcoin incesmentors don't take action in their own way and limits, there is no way their aclamatise the lessons and fit it into an experience that could lead to a successful long term Bitcoin investment and accumulations using DCA approach to achieve such a a success.
Widely taken to be and mean skills, are the success stories of old Bitcoin investors, some newbies believe because investors A is successful in his Bitcoin investment, whatever Mr A give out as an Bitcoin investment model is taken to mean the right and perfect thing's in DCA to be adopted,  while some of them succeed with that, many other's will fail along the line since the reality of life iss different a d everyone luck differs also.
What works for me A may not likely work for mr B, so there is the need to build all the necessary personal skills and experience that will add our winning at all time.

[rachael9385]

Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.

I don’t think I get what you’re trying to point out with short term investment and the risk involve also owning enough money before anyone can invest using the short term strategy. Anyone can attach profit with trading but it’s never advisable an investor go into bitcoin with short term strategy which I think is not right, if anyone should brag about their short term holdings you’ll definitely know an investor holding for long run will always make better profit. Secondly timing the volatility market when trying to accumulate bitcoin is wrong basically anyone can buy at any price interval and hold for long knowing bitcoin is a valuable asset, What you need to know about bitcoin short investment choice is you can’t get the profit you want within short period rather bitcoin market is volatile which brings benefits after investing for years.. Concerning emergency funds, emergency funds is like a back up funds and it’s a must  when investing for long term emergency funds is needed.

You are right, indeed anyone can make a profit from trading as long as they have good skills and knowledge about trading and choosing to invest Bitcoin in the short term is highly discouraged because the price of Bitcoin is very volatile so this will be very unlikely to be able to generate profits in the short term, but it would be great if we continue to accumulate Bitcoin assets and hold them for a long time to be able to make a profit from holding these assets and we also have to keep planning before deciding to start in order to be able to run the investment properly, as you said it is very right we have to think about emergency funds so as not to interfere with the assets that we have invested when we suddenly need the funds.

Investing in Bitcoin for short terms puts the investor in a big pressure, because the investor knows that they aren't going to invest on Bitcoin for long term and all their mindsets is just that Bitcoin should continue to go higher instead of dipping any time soon. However, short term investment isn't the good way to invest in Bitcoin because you aren't going to witness more buying opportunities.
Well, talking about trading, I see that as also a short term investment and it has the highest risks because you might lose your capital within some seconds. But when you invest on Bitcoin for long term you aren't going to lose that much money and even if Bitcoin dips and you lose some money, you only have to give it some days for it to increase again (most times it takes few hours for it to increase again) and you will gain back your money. Meanwhile, on the other hand, the DIPs is also a good opportunity that we all should use to accumulate more Bitcoin into our portfolio for the long term.

What give them pressure is the volatility since they provably would get affected on each movement of the market since what they aim is to hit big gains from their trades. But if there's sudden unexpected situation like big price fall it made them panic since they don't have any plan to hold it for many months since maybe they don't like to be a bag holder that's why usually they think about dumping to cut the losses then buy at more deeper price so they can recover. Common practice happening in trading and that's stressful.

For someone that is looking forward to accumulate a lot of bitcoin (maybe 1 BTC) and receiving $5,000 per month can't accumulate 1 BTC within one year, unless he or she is investing his/her whole monthly salary on Bitcoin (which is some how not possible for many folks).
Obviously, DCA method is the best way to accumulate Bitcoin, being paid with $5,000 per month and DCAing $1k or $1,5k per month on your Bitcoin portfolio makes it easier for you to achieve good amount of Bitcoin, but it will take more than 1 year to achieve 1BTC if you are investing with $1,500 per month with the help of DCA method. However I am just trying to say that achieving 1 BTC within some months is probably based on the amount that you are DCAing with, and if you are also DCAing every week it will also help you achieve your portfolio faster than when you are buying monthly.

Short term investment is high risk and see a lot of people fall down because they choose the hard path. If they just follow what lots of people did and they are not attracted for short term risky profit for sure those bad situations will not happen to them. They could just learn the best way to deal with bitcoin if they are open for new things on how to improve their self towards choosing the best approach on their investment with bitcoin since they could learn that long term holding and consistent accumulating is always the best for this coin.

Yeah I agree with this.
Short term investment is not guaranteed because Bitcoin is always on the fluctuating mode, which means it might not profit the short term or might. Well, long term investment is the advisable for beginner investors, let's use the easiest age of Bitcoin when it was below $100 and now it is @61k dollars and BTC also has more potentials that it is still going to be more valuable in future, and that's makes the long term investment not risky.

[laijsica]

Newbie or no newbie, it is not advisable to invest all your money in bitcoin. No matter how much you think is in your emergency funds account. It is advisable to always keep your sources of income open even though you have kept emergency funds aside. Because you don't know the kind of emergencies that might come up tomorrow. It could be an emergency that will consume all your emergency funds at once. So at that time you have invested all your money in bitcoin and the emergency funds you have kept cannot solve the problem, at that point what will you do? You will  definitely go to your investment. But if you had kept your source of income flowing, you won't be in that situation.

If you invest all your money in bitcoin to only depend on your emergency funds, equally mean that you have a short term hold mentality. Because you are just waiting for a slight upward trend to sell off.

Emergency funds is crucial for a well sustained investment be it short or long term. No matter how short it may look like in between those space the investor can be faced with extreme life expenses that requires immediate attention and emergency funds should be rightly available to solve such problems, mostly at the early stages of accumulating Bitcoin. One other thing to clear off is that our emergency funds is separate from money kept aside to carry out living expenditures, so it is not right to invest all we have into Bitcoin all for the sake of getting out of it a bigger profits.

Experience is applied during the process of accumulating, it cannot be reversed when already put into action by investing more than should have, getting out of it with the only option is to sell too soon which is not recommended, so to avoid this from happening, investors are advised to invest more deligently according to availability of funds.

Short term investment is just like trading and that does not require much of emergency funds because if you understand what emergency fund is, you will know it is best suitable for long term investment because it serve as a protection of the investment itself because that is what the investor resort to when there is issues that need urgent attention which was not accounted for or expected to happen. If someone buy bitcoin and hoping to sell when price rises a little and he see reasonable profits, I do not see the need to keep emergency funds. Therefore, emergency fund is indeed crusial to sustain the investment but it is mainly for long term investment.

Short term investing is like trading, but there is risk involved in investing for a short period of time. However, having funds is the most important thing when it comes to investing. If you don't have funds, you can't invest. If you have enough funds, you can invest some amount from there. When you invest you may face loss due to volatility in the market but if you have funds at that time then you can reinvest and get profit from it. So I also think it is very important to have an emergency fund to sustain the investment and an investor has a high expectation of profit in it. But long term investment is best as compared to short term placement and profit is easy here.

Don't be the person who will be looking back in time in 15 - 20 years and remember that you SOLD one of the fastest surging assets in modern history. We plebs should put as much Bitcoin in - cold-storage - as we possibly can, then FORGET about them. Purchase more using DCA and/or purchase more on large DIPs. I'm very confident you'll be telling a very good success story for your future children.

Wind_FURY you are right i know for sure Bitcoin will make history and i really want to be part of that history, i have a job and I'm okay with my pay, so i started investing in Bitcoin because i feel this will be the best gift i will give my unborn children when I'm about living this world, Bitcoin will hit a price that will surprise everyone in the world and i don't want to regret.
Bitcoin is one of the best investment right now in the world and should be taken seriously, 10 years ago if someone tells me Bitcoin will be this great i will have a little doubt but look at how great Bitcoin is today, in the next 20 to 30 years everyone constantly accumulating and holding Bitcoin will all become very successful.
I pray we don't met problems or emergency that will eat of our backup funds and still make us dip hands into our Bitcoin investment, Amen.

Although, shitcoiners could make/invent the same debate/argument about their shitcoins, my counter-argument for THAT is - For an investment strategy of Buy the DIP/DCA, and HODL with low time preference, we need to be HODLing the asset that will actually continue to exist in 10 to 20 years. That's Bitcoin, the others in crypto are risky and MOST might start dying after 2 or 3 cycles.

I totally agree with you. While most shitcoins are relatively low in value, they are highly risky and subject to capital depletion. So Bitcoin can be more consistent in terms of investments/deposits that can be long-term and turn over many cycles and become huge piles. I prefer DCA method because it is a universal method and very easy for every investor. My opinion on Bitcoin holding period is that it should be treated as a fixed asset with real assets. Quantitative value of real asset increases with time but its size remains stable but depositing bitcoins in DCA method increases its value along with its size.

Another advantage of long term accumulation is that it can take your holding to a level that stash more than you think because you continue to buy during dips. It is only a bridge of patiant and mindset that ultimately holding Bitcoin.

[JayJuanGee]

[edited out].

I have gone through the question you add above and I would rather be the guy who spent $28,500 and had somewhere between 27 BTC and 34 BTC (with an average cost per BTC between $838 and $1,056). Even though I ended up spending more money than the first guy in acquiring my bitcoin. I also ended up having more bitcoin in my possession which is much more profitable than the first guy. Although both of them are successful with their investments. Each were able to invest according to their financial capabilities.

My assertion in making the comparisons is that the first guy ONLY did a lump sum purchase of bitcoin with $5k and the second guy did the lump sum, yet continued to invest into bitcoin through out the period.

So my assertion is that the first guy purposefully chose to be less aggressive in his investment style than the second guy, and it seems that the first guy was more whimpy in his investment style than the second guy.

Sure, it was not guaranteed that all of the extra money that the second guy put into bitcoin over the next 9 years was going to end up paying off, and it cost him $50 per week to put in that extra money over 9 years, which I was presuming to be fairly easily within the means of either one of them to continue to buy bitcoin, yet the first one chose to limit his investment in bitcoin to the $5k amount.

With bitcoin we see that historically it had been the best of assets to invest in, and right now we are faced with similar kinds of choices, and we cannot know for sure whether our choices to ongoing invest into bitcoin are going to end up paying off.

[$crypto$]

To me short-term investment ain't encouraging at all the risk in it alone is too much compare to that of long-term investment. Like for instance someone that lacks the ability to be patient (because I believe short-term investors are really impatient) , and endup buying bitcoin at the peak and then a massive dip followed it , that individual won't have the mindset to keep buying and holding instead he or she will endup selling in loss because they lack the patient, thinking he or she has cut their losses.

But for those that are into long-term investment, instead of selling in loss they will continue to buy the dip , because they believe in a long run they will endup with the last laugh , so they will keep accumulating and holding , and if later on the price's endup risen (surging) they will endup with a far better profits.

That's how people who do short-term he will be trapped when buying at high prices and selling when it goes down because of impatience then he prefers to lose rather than hold it, for this kind of strategy will not be smooth what we imagine buying when it goes down and selling when it goes up is not easy actually.

Investing long-term in the end, investors will get a big profit, this is a patience from holding for a long time while continuing their accumulation, try to imagine that we accumulated when the price was $20K until now the profit has been 3x, that's not enough if we hold it longer, it could be a profit above 5x that is obtained.

[Jaycoinz]

With bitcoin we see that historically it had been the best of assets to invest in, and right now we are faced with similar kinds of choices, and we cannot know for sure whether our choices to ongoing invest into bitcoin are going to end up paying off.

Well like you said it something that its history of success and that's a risk me myself and most other investor are willing to take. Buying Bitcoin is something that holds great benefit even though it's a slow process but thats because something that is good is always worth waiting patiently for it.  There are so many people who still doubt the success of Bitcoin especially about the uncertainty of it future but we all know that it holds great future so it's better taking the risk of buying and holding on that Bitcoin in regards and hope that it's past history has already shown us that no matter the ups and downs all fingers are pointing that it will definitely increase in value and worth so stacking up either through DCA method or Lum sum method either way that suits the investor just have the mentality that HODLing of your Bitcoin is the main goal for now.

[Mayor of ogba]

Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell

An emergency fund is money set aside to solve unexpected financial problems and not to be used to solve daily expenses. So, if any investor invests his whole money into bitcoin with the idea that his emergency fund will allow him to hold his bitcoin for a long time, that investor will end up selling his bitcoin to survive even though he is at a loss because his emergency fund cannot take care of his daily expenses for a long time. If anyone wants to get it right with a bitcoin investment, that person should invest what he or she can afford to lose and also keep an emergency fund, a reserve fund, and a float.

[Salahmu]

Experience is the best teacher no doubt but sometimes you can not possibly learn from other people's experience because you won't know or understand the magnitude of the experience

I think you are wrong by saying that we cannot learn from other people's experience because on the contrary learning from others people's experience is even the best because you would be very lucky to have seen someone who has gone through the part you wish to follow and has already understand the challenges involved before arriving at the main point, however let's take for instance those who miss out buying Bitcoin when they had the opportunity to start investing all because of the fear of loosing there investment, so perhaps because of those opportunities they have missed, they have now realize that they have really messed up, so actually they would always encourage investors who wants to follow that part on there Bitcoin investment to change there Method because with the experience they have gotten they no that at the end they may not end up well if they don't change.

[Asiska02]

Even though you invest all your money on BTC and have emergency money that can make you to exercise patience till the bull run occur before you can sell

An emergency fund is money set aside to solve unexpected financial problems and not to be used to solve daily expenses. So, if any investor invests his whole money into bitcoin with the idea that his emergency fund will allow him to hold his bitcoin for a long time, that investor will end up selling his bitcoin to survive even though he is at a loss because his emergency fund cannot take care of his daily expenses for a long time. If anyone wants to get it right with a bitcoin investment, that person should invest what he or she can afford to lose and also keep an emergency fund, a reserve fund, and a float.

Having a continuous flow of income is what is most required if you’re investing in bitcoin for a long term, either through DCA or lump sum. Emergency funds are important to be set aside even before you make an investment in bitcoin. It is very important to know that having your weekly or monthly income running, setting aside the money to be used for expenses on a weekly or monthly basis, setting aside emergency funds then ultimately investing the rest in bitcoin is the more preferable approach in order not to feel tempted or have any need of touching your portfolio to solve any other financial issues that arise.

Unforeseen circumstances happen but if you’re able to plan your investment well before starting, you will not need to touch from your investment funds to solve any issue that comes up. With a continuous flow of income, and an emergency funds also, when faced by an emergency financial crisis you don’t need to panic if the emergency funds won’t be enough and can’t solve the issue that may come up. What you need to doin such situations is to just halt the investment, solve the financial problems you’re facing. After that, you can then keep some emergency funds down again and continue your investment as before.

[Justbillywitt]

[edited out].

I have gone through the question you add above and I would rather be the guy who spent $28,500 and had somewhere between 27 BTC and 34 BTC (with an average cost per BTC between $838 and $1,056). Even though I ended up spending more money than the first guy in acquiring my bitcoin. I also ended up having more bitcoin in my possession which is much more profitable than the first guy. Although both of them are successful with their investments. Each were able to invest according to their financial capabilities.

My assertion in making the comparisons is that the first guy ONLY did a lump sum purchase of bitcoin with $5k and the second guy did the lump sum, yet continued to invest into bitcoin through out the period.

So my assertion is that the first guy purposefully chose to be less aggressive in his investment style than the second guy, and it seems that the first guy was more whimpy in his investment style than the second guy.

Sure, it was not guaranteed that all of the extra money that the second guy put into bitcoin over the next 9 years was going to end up paying off, and it cost him $50 per week to put in that extra money over 9 years, which I was presuming to be fairly easily within the means of either one of them to continue to buy bitcoin, yet the first one chose to limit his investment in bitcoin to the $5k amount.

With bitcoin we see that historically it had been the best of assets to invest in, and right now we are faced with similar kinds of choices, and we cannot know for sure whether our choices to ongoing invest into bitcoin are going to end up paying off.

Well for me I think the risk was worth taking. It is better to invest now and find out what the outcome will be in the future than to neglect investing at all, while figuring what the future will be like for bitcoin. If it eventually pay off the person that decided to invest will be considered as a wise person. If it doesn't pay off by that time, we continue holding with the hope that it will pay off someday.

From your example it was evident enough that lump summing once without following up with DCA during the waiting period is not actually a wise decision. While waiting for the x number of years, one should take the advantage of following up the investment, provided that the investor has the means. Even if it wasn't guaranteed that the extra money the investor is putting is not going to pay off in the end. It was an avenue for the second guy to save up his money by investing it in bitcoin through the DCA of $50 per week. It was a risk that was worth it. It was better than the first guy who probably was saving his extra money he was getting in Fiat within that 9 years intervals.

[JayJuanGee]

[edited out].

I have gone through the question you add above and I would rather be the guy who spent $28,500 and had somewhere between 27 BTC and 34 BTC (with an average cost per BTC between $838 and $1,056). Even though I ended up spending more money than the first guy in acquiring my bitcoin. I also ended up having more bitcoin in my possession which is much more profitable than the first guy. Although both of them are successful with their investments. Each were able to invest according to their financial capabilities.

My assertion in making the comparisons is that the first guy ONLY did a lump sum purchase of bitcoin with $5k and the second guy did the lump sum, yet continued to invest into bitcoin through out the period.

So my assertion is that the first guy purposefully chose to be less aggressive in his investment style than the second guy, and it seems that the first guy was more whimpy in his investment style than the second guy.

Sure, it was not guaranteed that all of the extra money that the second guy put into bitcoin over the next 9 years was going to end up paying off, and it cost him $50 per week to put in that extra money over 9 years, which I was presuming to be fairly easily within the means of either one of them to continue to buy bitcoin, yet the first one chose to limit his investment in bitcoin to the $5k amount.

With bitcoin we see that historically it had been the best of assets to invest in, and right now we are faced with similar kinds of choices, and we cannot know for sure whether our choices to ongoing invest into bitcoin are going to end up paying off.

Well for me I think the risk was worth taking. It is better to invest now and find out what the outcome will be in the future than to neglect investing at all, while figuring what the future will be like for bitcoin. If it eventually pay off the person that decided to invest will be considered as a wise person. If it doesn't pay off by that time, we continue holding with the hope that it will pay off someday.

Sure.  I understand that it could well be the case that some of the forum members who are actively participating in forum threads may well be more likely to want to interactively continue to buy bitcoin - although it is also true that there are some guys who take more of a wait an see kind of an approach in which they might not really want to continue to buy bitcoin on a regular and ongoing basis.

I do tend to recommend the more aggressive ongoing approach, but surely there is no guarantee that such an approach will continue to pay off better than a more reserved and even whimpy approach.

From your example it was evident enough that lump summing once without following up with DCA during the waiting period is not actually a wise decision. While waiting for the x number of years, one should take the advantage of following up the investment, provided that the investor has the means.

Surely some people are more nervous about bitcoin and also nervous about how much they put into bitcoin, and there is nothing really wrong about that.  One of the natures of even having an asymmetric bet like bitcoin, there have been a lot of historical instances in which even fairly whimpy investors have done pretty well with having had taken a bitcoin investment.. and that could be part of the reason why so many folks suggest that investing into bitcoin can end up being just getting off zero, and even if you might not take a very large bitcoin position, historically, the ones who had gotten off zero had been rewarded for getting off of zero as long as they stuck with their investment and did not get scared out of it.

Another thing that can be good about taking a more whimpy approach to bitcoin investing is that there might be less concerned about getting shaken out, since some people who are more aggressive in their bitcoin investment approach, they end up overdoing it without realizing that they had over done it and they might either get overly nervous about BTC price drops or they might end up selling some of their BTC position at the wrong time (meaning when the price is down or selling too much too soon as the BTC price goes up) based partly on how nervous they are.

Even if it wasn't guaranteed that the extra money the investor is putting is not going to pay off in the end. It was an avenue for the second guy to save up his money by investing it in bitcoin through the DCA of $50 per week. It was a risk that was worth it. It was better than the first guy who probably was saving his extra money he was getting in Fiat within that 9 years intervals.

There surely are these kinds of people who either don't invest in anything, consume or maybe they invest into various inferior products, and maybe some of them are more innocent mistakes than others.

For example, I have more difficulties blaming someone who might have had been lured to invest into his 401k, and so by the time he might invest 5% or 10% of his income into his 401k because his employer matches some of that and also the 401k funds are tax deferred, so then he might not want to invest more into bitcoin, since he also has expenses and wants and he feels that he is already investing enough, and so it could become a bit misleading to invest so much into a 401k, when he might still be able to invest into his 401k and also invest into bitcoin, yet sometimes it can become more difficult to invest higher portions of an income.. so there are trade offs and temptations to want to enjoy life.... and some folks might say that they are not even enjoying life, they are investing themselves to the maximum... so they would be risking too much to try to invest more than what they are choosing to invest.

[Tmoonz]

Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy.

Statement like yours defeat the aim of our discussion here because going by that, people might go in search of their strategy instead of using what works and its being recommended here by people who have actually tested them and have even made some improvements that helped them become more effective. For instance, I was doing something else before joining this discussion and when I joined, I learnt about the DCA method of accumulation from @JayJuanGee who did exceptional job in it. Quickly, I started using it and it was not long that I saw real peace and progress in my Bitcoin investing, for which I'm eternally grateful.

Assuming I followed your type of advice, I would have moved ahead in search of supposed personal strategy and that would have mostly likely landed me into shitcoins where I came from with so much regrets. So, the reason we are here is to exchange ideas that will help us become better in our investing and   to remain adamant about what we believe in even when it is not working fine or giving us much positive result.

Well said mate, I think it's best to learn from other people experience it is the best teacher, the DCA method of accumulating bitcoin is one of the best method I know of cause it gives an investor the mindset of being consistent in accumulating more bitcoin, so instead of looking for other Strategies that could make one loose their asset in the process it's good to stick to what works best.
 Atleast it's been proven by @JayJuanGee and you, else you guys won't be preaching about it to others here, so @Lidger, instead of experimenting other Strategies you should stick to what works best and have been tested and trusted by other members.

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

[ginsan]

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.

[promise444c5]

In as much as everyone has their own strategy I still think one can actually make a great investment or success using other strategy provided the person is capable of handling the strategy I mean this is Bitcoin investment not ordinary business investment where luck and grace follows sometimes. In Bitcoin investment, whatever you invest, you are going to make profit according to that likewise anyone who invest with same capital and same period of time. Adapting to other strategy or chosing other strategy depend on the capacity of the person. For example I can leave DCA and decide to be buying lump sum if I have what it takes. I believe we have three strategy which includes:
1. Lump sum or lump summing
2. Buy Dip
3. DCA
Then again, these above mentioned I don't think it's belongs to a particular person because I believe some investors rotate on this strategies so I don't know if there is any other personal strategy you are talking about and if there's please I want to know.

Well said mate , most time alot of people have the mindset that some bitcoin accummulation strategy are for particular set of people ( especially DCAing). Most people believe that DCAing are for those that are not too financially stable . Which is wrong because DCAing are for everyone. Because despite being wealthy, still you can't actually predict the price of the market. But with DCAing you will be able to buy at different price interval without trying to predict the market movement, rather just keep accumulating in a fixed time either monthly or weekly.

Although it still goes back to the loop of increasing one's Bitcoin portfolio, DCA can be generalised on both  side,it's just a flexible way of investing... I'm used to saying this that you can buy  an  enormous worth of Bitcoin and still take it as a DCA method , it just depending on the amount you have at hand to invest  it doesn't have to be a particular amount not saying it should be less either but there should be atleastat a regular time  interval  depending on what you can afford to invest, you can choose to invest more....

[Lida93]

Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy. As I think that when the market is dumping it will be a good opportunity for us to invest, other investors may not take it well that is their personal matter.

When going into investment in choosing a strategy it's not about how many strategies that exist but about what strategy that have proven to work profitably over-time and the convenience that exist in such investment strategy. And the DCA investment strategy has proven to be profitable and convenience for ang kind of investor both for the deep and shallow bag hodlers.

And you talk about buying just when the market is dumping . No, that's not the best way to use the DCA method, you buy at both dip-ish and non-dip-ish times as you have the funds to buy and accumulate with a long term plan. It's only traders that wait to buy and take profit only when the market dips and we can't categorically designate such characters as DCA strategist investors.

[Zackz5000]

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

[As-Soon-As]

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

I never agree with your information, because you don't present information that scares new investors away. Here are the facts that new investors will have the opportunity to invest according to your information, and there is no fear in Bitcoin investment if the DCA method is followed to sustain the investment for a long time. You will notice that both old investors and new investors who have been investing in Bitcoin for a long time are largely successful.

Another advantage you can use with the Bitcoin DC method is to keep a separate deposit if you want to buy a dip.  And divide your total fund into three parts. Buy dips, do DCA procedures, and keep an emergency fund so that you don't lose out on investments. Because you keep this fund so that you don't have to sell your investment when you are in danger. If you follow this method then you can be successful in investment and hold the investment for long time surely you will get success.

[Zackz5000]

In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.

Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

I never agree with your information, because you don't present information that scares new investors away. Here are the facts that new investors will have the opportunity to invest according to your information, and there is no fear in Bitcoin investment if the DCA method is followed to sustain the investment for a long time. You will notice that both old investors and new investors who have been investing in Bitcoin for a long time are largely successful.

Another advantage you can use with the Bitcoin DC method is to keep a separate deposit if you want to buy a dip.  And divide your total fund into three parts. Buy dips, do DCA procedures, and keep an emergency fund so that you don't lose out on investments. Because you keep this fund so that you don't have to sell your investment when you are in danger. If you follow this method then you can be successful in investment and hold the investment for long time surely you will get success.

Don't get your self confused it seems you don't understand my post, how is my informations scarry to newbies only said that investors shouldn't only depend on the dip before they can accumulate Bitcoin that the dip should only be an added advantage to accumulate more Bitcoin I don't see this information as a misleading one to newbies.