Buy the DIP, and HODL!

[Btcdeybodi]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

Since you are still a newbie i feel you are naive about the kind of investment you should invest on that's the reason why you are talking about shitcoins but to put it straight to you, Shitcoins have no future therefore risking your money on them is worthless. Never you consider investing on shitcoins just because you feel the price of bitcoin is high. The price of bitcoin being high does not mean you can't still afford it again, you can still use the DCA strategy to buy and Hodl NO matter the quantity you can only afford to buy. Bitcoin will still skyrocket further so if you are having the feelings that the price is too high now and fail to start accumulating, what will happen when the price gets to $100k and above? It's never late to start investing at any price point and that is why the DCA is a convenient strategy to help you acquire bitcoins part by part without having to be afraid of the price.

However, our area of concentration in this thread is STRICTLY bitcoin and not any God forsaken shitcoins, altcoins or memecoins.

[Barikui1]

So I want to know here how easy it is to invest in DCA method?

Bro I know that you are new and you are just uniformed and asking the right questions is a very good step in the right direction, the DCA accumulating strategy is actually the best way to accumulate Bitcoin, it's a method where you buy Bitcoin bit by bit, either monthly or weekly, according to how much you can do away without, and if you are consistent in it, before you know it you will be able to accumulate more Bitcoin than you can ever imagined.


 

 Or investing in memcoins or sheet coins is easy.

Then as for this, don't ever think of going in that direction, because in this crypto space, the easiest way to get burnt is by investing in meme coin or shit coin as we normally call it, because they normally falls more than they rise and they are mostly pump and dump scheme that most of these developers use in milking investors of their hard earned money, so keep off from any coin that isn't Bitcoin.

[SuperBitMan]

Is better to keep your DCAing going and when you have any free funds you can keep it as a reserve funds to buy the dip if you are the type that focus on buying the dip , though it ain't bad to buy the dip , but waiting for the dip alone is not smart at all to me because it may only slow down your bitcoin growth. And you can also use DCAing method to purchase the dip with that same reserve funds by spreading it out at different buying momentum. But don't stop your weekly or monthly accumulation.

Investors who regularly buy Bitcoin are usually reluctant to miss an opportunity to buy on the dip. But since dips usually don't give you any message, it's definitely a good idea to have an extra reserve fund to buy from the dip. Considering the current time it is natural that a bitcoin holder will not get the opportunity to buy from the dip. And to buy from the dip, he may have to wait a long time. But if one can continue the DCA strategy in one sense I think it does not require additional funds to buy from the dip. Of course those who just wait for the dip will lose their long-term bitcoin accumulation momentum which may prevent them from reaching the desired level in the future.

The truth is just that anyone who have a long term target only needs to have emergency funds, reserved funds and continue their accumulation with the DCA strategy, if a DIP arrives they can equally buy with the reserved funds and increase their Portfolio.

I agree with you on this one, this is one of the reasons having a reserved funds is important one don't have to wait for a dip to happen first before they can start accumulating, one can start accumulating using the DCA strategy and when there's a dip he or she can just dip hands into his or her reserved funds to accumulate more, some people who are using the DCA strategy to accumulate weekly or monthly has a very good reserved and emergency funds so when ever there's a dip they accumulate so much.
All you need to do is start accumulating your reserved funds along side your Bitcoin accumulation instead of waiting for a dip which may not happen for some period of time, now if a dip later happens you can still buy with your reserved funds and if it didn't you can still continue your accumulation this way you didn't lose however those that are waiting for the dip and it didn't come has wasted there time and has not Accumulated any Bitcoin.

[Justbillywitt]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

[Wolf of One Street]

I'm looking at Bitcoin's current price movement, and truthfully, it's just a very good time to be alive! I hope that all fortune and prosperity will come in ALL of your lives, and may you spread positivity and optimism to the people around you, online and offline.

 

Bitcoin to six digits is definitely going to happen during this cycle. SEVEN digits within the next two cycles?

Buy the DIP, and HODL

I've always wanted to learn better ways to get and accumulate Bitcoin, I've always wondered how it works and now I understand why many bought so much of it when it was around 60k.
Great advice..

[Wolf of One Street]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

[Wind_FURY]

I'm looking at Bitcoin's current price movement, and truthfully, it's just a very good time to be alive! I hope that all fortune and prosperity will come in ALL of your lives, and may you spread positivity and optimism to the people around you, online and offline.
 
Bitcoin to six digits is definitely going to happen during this cycle. SEVEN digits within the next two cycles?

Buy the DIP, and HODL

The advise you gave years ago in this thread which is "Buy the DIP, and HODL" have come to be one of the best many would have gotten in a life time. Those who followed that advice will look back to the moment they they took the decision to buy and HODL, and will be ever happy and proud to have chosen to obey even when it was looking so bleak and uncertain what the future held.

Although that advice is very VERY effective especially during the last bear cycles, I CANNOT take any credit from making that advice because Buy the DIP, and HODL has always been one of the main investment philosophies of Bitcoin HODLers since Bitcoin's early days. I merely learned from those very smart and intelligent people.

 

[Notalony]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

From the little I have learnt about the DCA strategy while moving around the forum, the DCA strategy is a strategy that helps investors to accumulate Bitcoin on basis either weekly or monthly irrespective of the price points, and it is very powerful if applied with consistency over a long term period of time, since not everyone have the money to buy Bitcoin in a larger quantity the dac strategy makes it easier to accumulate Bitcoin within your convenient of your financial levels without any form of making investment decisions under pressure. It also allows new investors to gain experience by having Bitcoin in their possession while already in the market, what to know about the DCA strategy are very many maybe other user can throw more light on it.

[JayJuanGee]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

How much of the thread have you read?

Perhaps you should show a little proof of work instead of merely dishing out assignments.

[MainIbem]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

Just as Justbillywitt said, the DCA is a method of investing in Bitcoin that allows all class, both the whales and shrimps to accumulate Bitcoin Periodically over time and with a certain amount of their choice so far they've got a stable income to continue investing. Bitcoin investment is best for long-term and the DCA method is one of the easiest methods used in accumulating more Bitcoin to your portfolio and one good thing about this method is that volatility is not a big deal to it cause it helps recover loses overtime, all the person using this method just need is a stable income to invest periodically you don't need to wait for price dip to invest so far you're using this method. For instance if you're a salary earner or business person you could decide to use about 30 to 50 percent of your income to buy and hold Bitcoin maybe weekly or monthly and it's to be done for long-term, talking about long-term i meant 4 to 10 years not a year or 2 years interval. If you ain't okay with this explanation, just keep following the thread and you'll get more.

[Justbillywitt]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

Everything you need to know about the DCA are here in this thread. All you have to do is read through some pages of this thread and you will get everything you need to know about DCA strategy. I don't have to explain it to you again.

How much of the thread have you read?

Perhaps you should show a little proof of work instead of merely dishing out assignments.

That's the problem I have with some newbies of nowadays, they are just too lazy to read. They just everything to be served on their table. This is a thread that has discussed extensively about the DCA and other strategies of buying bitcoin, yet here we are, someone is still asking that I should explain how DCA works. Instead of going through the thread to read and digest more knowledge himself.

[Wolf of One Street]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  

Bitcoin price has touched $79.5k. the increase in price does not stop you from buying bitcoin through DCA as DCA is a continuous way of buying bitcoin without considering the price.

Or investing in memcoins or sheet coins is easy.

Fuck memecoin fuck shitcoin. BTC is making a great move yet you are talking about memecoin.

I've been deeply thinking of this DCA, how does it really work?

[JayJuanGee]

How much of the thread have you read?

Perhaps you should show a little proof of work instead of merely dishing out assignments.

That's the problem I have with some newbies of nowadays, they are just too lazy to read. They just everything to be served on their table. This is a thread that has discussed extensively about the DCA and other strategies of buying bitcoin, yet here we are, someone is still asking that I should explain how DCA works. Instead of going through the thread to read and digest more knowledge himself.

Showing a little effort can surely be helpful, and if there is grappling with the materials, then any questions and interactions would be better informed by such grappling with the materials.

I've been deeply thinking of this DCA, how does it really work?

Why don't you explain what supposed deep thinking that you have done about DCA.

[cryptoWODL]

I've been deeply thinking of this DCA, how does it really work?

What you are thinking deeply about the DCA strategy is not mentioned here. And also I don't think the investor needs to think too much and be experienced to invest in this method. Maybe within a few pages of this thread recently a new member asked how this strategy works or how to invest using this strategy. Many members have given the correct answers, you will get the answer immediately after reading them.

I may have shared a link for newbies about DCA in an earlier post and am sharing that link again so that you can get an idea about DCA very easily.

(What is dollar cost averaging?)= https://www.britannica.com/money/dollar-cost-averaging

[Kelward]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.

The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

How much of the thread have you read?

Perhaps you should show a little proof of work instead of merely dishing out assignments.

I had to check the rank of @Student of Bitcoin and @Wolf of One Street, to be sure that they're newbies for asking these questions. And since they're newbies, I guess that I can excuse their lack of proper knowledge.about the best option for crypto investment and what DCA method means. Thankfully, @Justbillywitt, has done justice to that by summarizing the answers to their questions, and it's now left for the two newbies to take it up from there and increase their knowledge. The answers that were given to them are very easy to understand as far as I'm concerned, DCA is not an investment but a method to periodically accumulate Bitcoin, preferably weekly or monthly. Also Bitcoin is the most reputable cryptocurrency that has proven to be a store of value, you accumulate over a long period of time and at every circle you'll continue to get ROI. Most altcoins are shitcoins, you'll be gambling your funds in the process of chasing quick profits on the short term.

I believe that the point that @JayJuanGee, is hitting at is that newbies shouldn't ask unnecessary questions especially when the answers have been given. They should read more, be active in the forum to increase their Bitcoin knowledge, then only ask questions where there's a confusion for them, inorder to get clearity. But questions becomes irrelevant and unnecessary when answers have been given.

[Roseline492]

Can you explain better what and how this DCA works?

Whenever you visit any thread you should try and read, so that you will not draw people's back from the discussion they have already finished and this question is something that has been discussed for several months now, so it shouldn't be any difficult for you to slide a bit back on this thread you will see a lot of discussion about it even some other things that would be of a help since you are just starting and also it would have make sense if you had at least read somethings about DCA, so that we would no that you have tried your best then we can clarify you better but in this case you have not done anything and even if they explain it you may not still get it.

[G_Besar]

I've always wanted to learn better ways to get and accumulate Bitcoin, I've always wondered how it works and now I understand why many bought so much of it when it was around 60k.
Great advice..

If you have received good advice from OP, of course you also understand the topic title buy the dip and hodl which currently has so many discussions and good ideas born here. Now you yourself can make a wise enough step based on the advice you have received because you yourself can also imagine how happy the Bitcoin holders were who had bought since the price of $50K to $60K a few months ago. So you can also put yourself as a Bitcoin holder from now on so you can feel better pleasure in the future.

[Princess Leah]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  

Bitcoin price has touched $79.5k. the increase in price does not stop you from buying bitcoin through DCA as DCA is a continuous way of buying bitcoin without considering the price.

Or investing in memcoins or sheet coins is easy.

Fuck memecoin fuck shitcoin. BTC is making a great move yet you are talking about memecoin.

I've been deeply thinking of this DCA, how does it really work?

You're not wrong to think deep, but sometimes instead of asking too much question it's better to just help yourself by going through the thread to find answers to  your questions, it may seem bulky but it's not necessary that you need to read through the whole to find answers to you seek, if you've atleast tried to read through the most recent page in this thread you'll understand that Bitcoin investment is like the subject matter and the DCA being a method of Bitcoin investment is talked about on several occasions if not everyday.

 You might be so eager to learn about Bitcoin investment and how to build a better portfolio but your question shows that you're not willing to study the thread and understand better as a newbie but rather repeating questions thats been treated in the past and stressing members to repeat the answers over and over, therefore I'll advise you take your time to study more than repeating questions that's quite easy to understand if only you take your time to study the thread.

[Mayor of ogba]

I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.

You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.

[Zackz5000]

I guess that I can excuse their lack of proper knowledge.about the best option for crypto investment

Don't you think you will still get them more confused by using the word Crypto as a newbie they might go astray by investing into the wrong coin thinking it is Bitcoin it could have been proper you say Bitcoin investment rather than crypto investment.

And I dont think it is much necessary to get all proper knowledge about the best option for Bitcoin investment before investing into Bitcoin and I don't think there is any best option as your options might not be some else options every investor has option that works for them.