Buy the DIP, and HODL!

[JayJuanGee]

[edited out]

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I don't know why you are asking whether to invest or not.  That is your choice, and there are consequences whether you choose to invest or not to invest, so if you are going to invest, you have to figure out your position size. .and yeah, 2 years sounds like you are planning to trade rather than to invest.

In bitcoin, you probably should be considering putting money in for 4-10 years or longer if you are wanting to consider what you are doing to be an investment rather than a trade.

Do you have money that you can spare for 4-10 years or longer or not.  If you don't then maybe you should not be putting your money into bitcoin until you are able to figure out your discretionary money to such an extent that you know that you have extra money that you can put in.

I doubt anyone convince you what to do but yourself.

There are sure a lot of low coiners and no coiners in the world who are choosing not to invest into bitcoin, and do you want to be one of those?  Maybe you don't know and you have to figure that part out?  The longer you wait to get into bitcoin has its own issues too, so many guys can learn as they go, so you just pick your investment size and you continue to study bitcoin, whether you are able to begin with $100 per week or $10 per week or some other amount that you consider to be in your budget and you are not going to need that money for 4-10 years or longer.

By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.

[Mayor of ogba]

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

I don't have much knowledge about Bitcoin, I just have basic idea of ​​Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.

If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.

I will advice you that if you have the money to invest, you do that right away and don't wait in the ball park while others are busy piling up wealth for their future. Since you intend to buy and invest in a long term, it's good you start buying now with an amount from your discretionary income that will not be a problem to you so that you can continue using that amount to buy bitcoin every week through DCA method regularly for 4-10 years and above, so that you can keep your bitcoin accumulation ongoing and build your bitcoin stash bit by bit overtime.

I guess that you are missing something, at this current time people have understood the potentials that bitcoin have as an asset that is still in his transition stage and they are using this opportunity to be buying bitcoin for the future because they know that the value will increase overtime, and whoever is not in the accumulation train and has no bitcoin is missing out this unique opportunity bitcoin is giving you to secure your future by investing and hodli for long.
After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

The dip is what people use to decieve themselves from getting started immediately and later get discouraged when they can't buy from the dip because it took them unaware. No one knows when the dip will come so start your bitcoin investment right away because the size of your bitcoin portfolio is what matters in future.

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

Firstly, you need to consider the funds which you want to put into bitcoin. If it's the money that you will be needing in a short time, don't buy bitcoin with it so that you don't regret your actions when you sell at loss because you need the money back. If you are not working, you cannot invest in bitcoin. However, if you are still staying under your parents and they are responsible for your up keep, if you do have extra money that you receive as a gift that you are saving because you don't know what to do with the money, you can buy bitcoin with such funds so that you can start practicing how to hodli for long and work on your emotions for better experience so that when you start working, it will be very easy for you to carry out your regular weekly DCA persistent buying overtime. Also if whenever you get this funds that you don't expect from friends and relatives you invest in on bitcoin, it can motivate you to get a job so that you can continue buying without depending on anyone before you buy.

You don't need to be afraid if you know the right thing to do because bitcoin is not a ponzi scheme and whatever quantity of bitcoin that you buy will still be the same quantity in your wallet, it's only the value that differs from time to time. Only your discretionary income (extra cash) is good to use for your bitcoin investment, and one thing I want to let you understand is that profit shouldn't be your priority when investing but the size of your bitcoin portfolio portfolio i.e how many bitcoin you have currently and how many will you like to have in future so that you don't go about making wrong decisions and messing up with your bitcoin. Bitcoin investment is fone for the future because it is a gateway to wealth for people who sacrificed the little that they have to buy regularly every week for a very long time like 10 years and above. Bitcoin is not for a year but for at least 4-10 years and above.

If you have a job, from your income calculate how much that you are using to take care of your monthly expenses and needs and deduct it from your income , the leftover is your discretionary income, use from there to buy bitcoin like I stated above on the reply that you quoted me.

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 

[avp2306]

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 

Base on the story share here she is ready to spend for his bitcoin investment. What I think lacking here is the confidence and knowledge about what better things to do further. Since she's still asking about what to do next on people here.

Its really her responsibility on what he want to do with her money, since he said that he can spend more since he could save a lot of money due to his work then much better for her that once he got that amount on hand then better put it immediately on bitcoin. Since if he pause and doubt then provably that feeling could stop him to invest on bitcoin. People need to know that bitcoin investment should be done now not tomorrow since to many things that can bother them. Also best advice about what thing to do especially if they think about the length of their investment is to target 4 - 10 years since this is the ideal  maturity before they can see some decent profit from bitcoin.

She got a job which I think give her a decent pay cuts that's why there's still small amount that he can spend for her bitcoin investment. Proper taking action is important and since she's in this thread where good discussion occur for sure there would be a lot of good advices he can pick up and which is helpful for his Bitcoin investment plan.

[CageMabok]

With countries adopting bitcoin as legal tender side-by-side their fiat currency it's definitely going to make all types of trading transaction seamless for everyone. But even with the barriers that may exist from the government of any country towards bitcoin, intra trading transactions can still be successfully processed and achieve among different traders from different locations provided there an already built trust that exists between the traders and they both agree to transact using bitcoin then it's a done deal whether or not bitcoin is a legal tender in that country.

It is commonplace when both parties have a wiser agreement and do not harm each other, but for now I think it would be very unfortunate if certain parties are more willing to spend Bitcoin than to keep it in a safe place and use others to support any activity. Because Bitcoin which is already quite expensive should be considered as an important asset which does not have to be spent on any transaction even though it can be done by any country at this time.

I think people who love Bitcoin more will not immediately use Bitcoin in any transaction if they can still use other tools such as fiat to do the same thing. Because everyone can use fiat to exchange it for anything as long as it is still possible for him, but if someone uses Bitcoin to exchange it for a certain item, I think that person will regret it very much when he sees the price of Bitcoin which has become more expensive in the future. So this option must be really thought out wisely before being done because throwing away fiat for something else will not be a loss, but throwing away Bitcoin just for something that can still be obtained with fiat is a very loss-making action in my opinion.

[Marvelockg]

I am not trying to discourage you from investing in bitcoin, but with the responsibility in your hand and your financial status, it seems you are not yet ready to invest in bitcoin, and if you try to force yourself to invest in bitcoin, you are likely to sell your bitcoin investment along your accumulation journey to survive because your family depends on you to survive. Just focus on how you will figure out how to get a good-paying job first, so that it will allow you to take care of your family's daily expenses at all times and also give you a good discretionary income at the end, which will allow you to invest in bitcoin without finding it hard to do. 

even though from the explanation he has given, his finance doesn't look to strong but since he is making a saving which he hopes he will be able to continue doing for two years before starting off his bitcoin investment, if I am in his situation, i would rather start investing with the money he is saving while increasing my hustle so before the end of the two year plan he has, i should have gathered some bitcoin and before then, i should have boosted my knowledge and it will be easier for him to continue investing for the long term from that time.

truth is that you can't be too ready to start investing in bitcoin if you keep giving excuses of how financially handicapped you are. very few persons where very comfortable financially before venturing into investing. fortunate enough for bitcoin, it doesn't require you to come in with a big shot at a time, with the DCA method, the amount he has allocated for his routine saving can end up being used for purchasing bitcoin as long as he has the knowledge and opportunity to start investing.

but at the end, it's best for everyone to make his decision based on the peculiarity of his situation and if his finance is not enough to start investing and the responsibility he has on his shoulder is quite much that he can't manage investing and sorting out those responsibility, then it will be better to set the right foundation in place before considering a start in his bitcoin investment. investing ion bitcoin is not a must but if you are someone that truly wants to key in and not regret having the opportunity of investing in bitcoin at these prices in the future when bitcoin might look too expensive to come in, then its best to start even if it is with a very little amount and work out on increasing your accumulation amount with time.

[Rabata]

By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.

Agree with the thought, there are many people who have not invested in Bitcoin even after knowing it. At some point, when Bitcoin rises, they regret from it. But they cannot start. It is not possible for those who are in such a situation to invest in Bitcoin. Those who delay in starting to invest in Bitcoin or are somehow hindered in investing will feel completely guilty about it. They will be responsible for their mistakes. But there are many investors who have not gained much knowledge about Bitcoin but when they start dreaming about fulfilling their big dreams from Bitcoin and plan to hold Bitcoin regularly, they are also able to gain good knowledge about it. The most important thing to be given to being an investor in Bitcoin is that no matter what the price of Bitcoin is, you have to increase your investment from here. You have to deposit Bitcoin at a regular rate for a long time according to your ability. If someone continues to deposit Bitcoin regularly with the faith according to their financial capacity, then they can definitely get good returns on their investment.

[sotelorene]

The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time.  

Why are you losing confidence in yourself, Bitcoin investment is the only reliable one, look at 2010, those who have invested have created huge wealth mountains so far. So why are you not able to strengthen your confidence in Bitcoin investment, then new Bitcoin investors will panic. If you invest in Bitcoin at any time, your investment will be successful but you have to hold it for a long time, never think about getting benefits until your long-term investment plan is over.

Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.

The market movement will not always follow the rules of the chart but if an investor has a good understanding of the charts then it will be a much easier matter for that person to invest later and hold the investment. There are many investors in this trade who share their investment success stories and many stories are that they started investing with wrong ideas but when they got into investing their ideas about investing changed completely. There are some investors who think they can make a profit by buying Bitcoin with money and selling it after a few days, but when they put it into practice, it turns out that investing is not as easy as they thought. Before investing, the investor must know about the investment, have a good understanding of the market and always be ready to take risks. And it's hard for an investor to pull it all together, but those who can succeed.

you are actually correct, the charts are often used to analyze market trends, but they are not foolproof, and market movements can be unpredictable. Many investors start with misconceptions or simplistic ideas about investing. For example, some might think they can make quick profits by buying Bitcoin and selling it after a few days just like you said but However, as they gain more experience, their perspective on investing often changes. They realize that successful investing requires more knowledge and strategy (patient, discipline etc) than initially expected. most people do not know that Investing is not as simple as it may seem, especially in volatile market like Bitcoin, While some may initially think they can make quick gains because of what they heard or see not knowing that it requires careful planning, risk management, and long-term thinking. Before making any investment, especially in something as volatile as Bitcoin, it's crucial for investors to understand the asset and market dynamics. Furthermore, they need to be prepared to take on risk because all investments come with the potential for loss. The key to success is balancing risk while having a clear strategy and good knowledge. It's hard for an investor to integrate all of these elements and become successful but those who can master the principles of risk, understanding the market, i do not mean technical and fundamental understanding or analysis that traders..., in my opinion investors who strategize carefully are more likely to succeed in the long term.

[Gallar]

There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.

That's right, DCA is a very good technique and also very easy to apply directly to assets like bitcoin. I think by using this technique bitcoin investors will feel calmer and less curious about the price. Because basically investing in bitcoin using the DCA technique doesn't need to be focused on price, but the point is on the amount of bitcoin we can have. Because we need to remember, if someone invests in bitcoin and that person always feels worried or excessively anxious about the price of bitcoin, in my opinion it can be said that that person still has the mentality of a trader and not an investor. Because a real bitcoin investor will definitely continue to focus on the number of bitcoins they earn and the price will be the second priority. But even so, everyone has their own way of responding to the question of investing in bitcoin. And I think that's what a real bitcoin investor is like.

[Alpha Marine]

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

[BITCOIN4X]

~Snip

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

There are several indicators that you can use if you want to get an idea of ​​when prices have the potential to fall or rise. This is not only about technical analysis, but you can use existing fundamentals to determine whether prices will go down or up. These two analyzes are useful for you to determine when is the best time to buy regardless of DCA, but all indicators are tools and not determinants.

But it's true, buying at any price is possible and you don't need to be afraid to do it. It's just that you have to be ready with a backup strategy and also a backup budget, this is also useful for continuing your big plans in building an investment portfolio in the long term.

[I_Anime]

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

Buying the dip ain't wrong but the idea of waiting for the dip only before accumulating is the issue, like from time now we all know that In this space we can't actually tell what gonna happen in the future, so we can't tell when the dip going to happen and stuff, so to avoid missing out, you can just start by purchasing smaller quantities with DCAing and when there's any slight dip you can switch up the game by accumulating more aggressively.

[Samlucky O]

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

Waiting to buy the dip Is not really bad as you thought, but it becomes a problem when it is the only option to buy bitcoin. For example we buy bitcoin through DCA, lump sum and buying the dip. So it is necessary to always buy through DCA then also waiting for the dip to buy more, provided there is discretion income. But It is not advisable to be only focusing on buying the dip, As that will be problematic for an investor Because surely bitcoin may never dip to a desirable price to buy.

[Son Of Blockchain (SOB)]

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

it can even increase while waiting and the investor would regret not buying while it's cheaper, that's why so many investor think the DCA is the best way of owning more Bitcoin cause an investor don't need to wait for the current price to drop below 90k, they can start with that method at any point and still be on the profit side if they invest for a longer period.
 I feel people who wait for the price to drop before buying Bitcoin are those hoping to take profits when it increases again for example, someone hoping for Bitcoin to drop from it's current price to 70k so they'll take profits when it increases again and probably get above 100k but they'll eventually fail cause Bitcoin is currently bullish and would keep going higher so it would be wise to implement the DCA method instead of waiting.

[ginsan]

it can even increase while waiting and the investor would regret not buying while it's cheaper, that's why so many investor think the DCA is the best way of owning more Bitcoin cause an investor don't need to wait for the current price to drop below 90k, they can start with that method at any point and still be on the profit side if they invest for a longer period.
 I feel people who wait for the price to drop before buying Bitcoin are those hoping to take profits when it increases again for example, someone hoping for Bitcoin to drop from it's current price to 70k so they'll take profits when it increases again and probably get above 100k but they'll eventually fail cause Bitcoin is currently bullish and would keep going higher so it would be wise to implement the DCA method instead of waiting.

If it is still in the accumulation stage, it seems that routine purchases are better because we need to increase our consistency in accumulating bitcoins. Balance in making purchases can be applied once a week if it is done with the DCA strategy.
Waiting is the second pattern by utilizing reserve funds from the cash flow adjustments that we make in executing Bitcoin.

However, do not equate our strategy pattern with other people's patterns because it will be very contrary to our initial plan. For example, if we target investment for the next 10 years, of course what we have to do is buy regularly every year to achieve the target we want.

Investors must be sure of the method they have prepared, they must be able to overcome many temptations at times like this, for example, do not be tempted by short-term profits because the goal is long-term.

[Dump3er]

-

As long as various monies exist then the less valuable will be spent first, and sure it could take 50-200 years or longer before all monetary value gravitates into bitcoin.  Houses, food, cars etc still have utility value, but their monetary value may well end up getting sucked away by bitcoin being a more efficient monetary instrument, yet you are correct, there still may be some utility in the use of other kinds of monies or tokens.

The bitcoin topic is so incredibly interesting because it has already had its twists and turns that some of the self-proclaimed smartest minds have been wrong about bitcoin's evolution and its powerful resilience and octopus-like ability to spread within society. The pace varies at times, but it is continuing to grow and spread.

I think you are are giving a good ballpark with those 50-200 years because the point at which bitcoin maybe at some sort of equilibrium to the world's total wealth, global population size, relative size to other asset classes... I notice this is tough to think about. It is hard to grasp and imagine at what point bitcoin could function as a daily currency and whether it will ever. Gold could only do so regionally in the distant past because of its lack of mobility or essentially transaction speed. Bitcoin doesn't have that problem. If I want to make an international deal, using gold is barely possible. Maybe certificates or something, but not the real thing.

If global wealth will continue to grow, and I don't know whether it will because I can't judge how AI and automation will affect global wealth over future decades to come, bitcoin would probably continue to capture a large portion of that value added. If at the same time population continues to grow, more people are out there, meaning potentially more people understanding that they should own some bitcoin. But maybe economic growth comes to an end, but then in times of recession or stagnation, people might still consider bitcoin the safest place and invest in it. Or they will be forced to sell off some in order to meet other needs.

It's impossible to come up with a plausible idea as to what is going to happen and how it will play out in two decades from now. But this rough idea that all monetary value gravitates into bitcoin in 50 - 200 years does make some abstract sense as bitcoin meets a dozen criteria to be good money which gold (or any other asset) doesn't meet.

[laijsica]

Waiting for the dip to buy bitcoin means one is not yet ready to invest bitcoin because you might keep waiting not knowing you are just wasting opportunity. In bitcoin invest just try to grab the opportunity you meet everyday if you can, you don't need to wait to invest. Waiting  for the dip to buy bitcoin is a big lose but people don't know this. Invest in DCA method now and earn a better profit in the future that is what matters. The market does not wait for anyone or give assurance to anybody to anyone to wait for a dip that will be favourable to buy in the future. Waiting for dip is a mistake that people are not even aware of but thinking they are taking good investment decisions on when to start.

It's funny because you can never even know the dip. A person waiting for the dip like you said is not ready because there's every chance he will buy it at a certain price but it keeps going down and he will start regretting why he didn't wait. You can buy at 50k thinking that's a good price only for it to drop to 30k.
That's why it's best to invest in DCA. One thing about this strategy is that you'll be surprised at what you accumulated at the year's end.
Another reason why waiting for the dip is not wise is that there's a chance you may not have money to buy when the price dips and you'll regret it.

Waiting to buy the dip Is not really bad as you thought, but it becomes a problem when it is the only option to buy bitcoin. For example we buy bitcoin through DCA, lump sum and buying the dip. So it is necessary to always buy through DCA then also waiting for the dip to buy more, provided there is discretion income. But It is not advisable to be only focusing on buying the dip, As that will be problematic for an investor Because surely bitcoin may never dip to a desirable price to buy.

Yes, getting the opportunity to buy Bitcoin at dips can indeed be expected by an investor and another opportunity to reduce the UP in the portfolio. Bad investments can happen when an investor keeps waiting for dips day after day and misses good opportunities. I applaud your DCA strategy which is an effective way for you to accumulate Bitcoin without having to check the latest price status. Bearish and bullish trends in the market which can change the strategy in buying Bitcoin but the main strategy for accumulating Bitcoin in the DCA method is to accumulate Bitcoin based on the ability to accumulate on a weekly or monthly basis.

In fact, if an investor can keep the discretionary income flowing down the road with a long-term Bitcoin accumulation strategy, then the possibility of increasing his holdings over time. Your attempt to buy at every price touch within the market fluctuations can further boost the possibility of getting a huge holding by reducing the potential investment risk.

[JayJuanGee]

[edited out]

Bitcoin should be seen differently, not a business or a quick capital multiplier, the Bitcoin market follows due process which involves purchasing, holding before deciding on when to take profits and no need for charts reading either.

When you are talking about taking profits, you sound like a trader, even if you are referring to long term investing into bitcoin, yet I suppose that it could be the case that once an investor has figured out that he has enough bitcoin, he can thereafter decide to take withdrawals from his bitcoin stash based on price movements or merely based on the passage of time, such as once a month, or once a quarter or twice a year or some other increments that he withdraws some value from his bitcoin stash.

When you suggest taking profits, it comes off as if you are feeling that you are taking a lot of value out of bitcoin because you believe that there is some other better place to put such value, which likely is not true, unless maybe you only have a short time to live and you are merely just drawing down both your principles and your profits in a more expedited way.

Largely long term investors may well not even need to consider taking out value in terms of taking out profits, since the longer that they are in bitcoin then it may well be close to all of their bitcoin holdings is profits because the whole value of the BTC holdings has likely compounded upon itself several times... so the main concern would just be cashing out from time to time and perhaps striving to cash out in such a way that you are not cashing out faster than your BTC is gaining in value... so perhaps attempting some kind of a sustainable withdrawal, unless you are purposefully wanting to draw down the principle too because of some health or age consideration, so then otherwise why would there be any inclination to draw upon bitcoin absent spending from other assets, currencies and income first.

Another thing that could happen is that certain sources of income dries up since maybe a person might decide to recover, so then a portion of their bitcoin holdings would then be used to pay for their lost income whether that is a couple times a month or once a quarter or however frequently that the bitcoiner chooses to time his cashing out (withdrawal) periods.

Taking profits seems like a weird framing for what an investor may well be doing with his bitcoin in terms of managing how he might continue to balance his bitcoin against other assets, even once he might have had reached a stage in which he is no longer buying more BTC.

There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.

Yes, DCA strategy is the best investment strategy for all types of investors, whether new or experienced. This strategy allows you to buy Bitcoin consistently over time, which avoids short-term market fluctuations and allows us to make more profit.
DCA strategy is the most profitable investment strategy, and the biggest example of this is a person named rego who has been following DCA for the past 8 years, he has already made huge profits, but even after that he will not stop investing, he even keeps his DCA investment uninterrupted. This is the power of DCA.
He has achieved real success with DCA, we can be more inspired by his success, we can focus on DCA.

I doubt that DCA is ether the most profitable strategy or it is guaranteed to be profitable, yet the DCA strategy does allow each of us to customize our BTC buys in accordance with our own budget and our level of aggressiveness to buy on a regular basis, and since many folks are not able to lump sum invest, they can buy bitcoin as money comes available to them, which DCA helps to facilitate that kind of customizing of how much to buy and when to buy.

There are so many people who either purposefully or inadvertently never end up saving and/or investing because they might not be able to identify a great place to put their value (which bitcoin resolves that issue) or they might try to strategize to save up to invest into something, but their methods of savings are not good, including that their money is losing value on a regular basis too, so they might have difficulties making progress in saving and even building up in such a way that they make measurable progress over 4-10 years or longer. {Practicing good and strong DCA strategies into bitcoin may well end up inspiring someone to also become more diligent in regards to how they manage their cashflows and any extra value that they have come available might end up getting put into bitcoin right away or perhaps strategically saved in order to bolster their back up cash or their potentials of buying bitcoin on a dip or some other opportunities, whereby prior to getting involved in bitcoin, they might not be as incentivized to create strong cashflow management practices.

[edited out]

If global wealth will continue to grow, and I don't know whether it will because I can't judge how AI and automation will affect global wealth over future decades to come, bitcoin would probably continue to capture a large portion of that value added. If at the same time population continues to grow, more people are out there, meaning potentially more people understanding that they should own some bitcoin. But maybe economic growth comes to an end, but then in times of recession or stagnation, people might still consider bitcoin the safest place and invest in it. Or they will be forced to sell off some in order to meet other needs.

Personally, I prefer to attempt to go with the more likely scenarios and then build from there, rather than speculating about a whole hell of a lot of fringe scenarios that may or may not end up throwing off the more likely scenarios.

So the more likely scenarios is that technology improvements improve the quality of life of all people around the globe, even if some folks benefit more than others, and so the presumption would be that wealth continues to grow, unless there are successful attempts to sabotage technologies from coming about and spreading and surely wide-spread wars could end up destroying systems and advancements in technology and the removal of the ongoing growth of global wealth... whether I am even alive 40 years from now, I think about 40 years would be right around the longest that I personally would need to prepare for... on a personal level and/or the extent that I might pass anything down to anyone else... choices can be difficult even if there might be heir apparents.

Surely there are younger folks who may need to try to prepare for longer timelines, perhaps up to around 80 years from now for the youngest of forum members, yet at the same time, each of us are likely preparing from where we are at and then focusing more intently on the upcoming 1-5 years and maybe a bit attempting to prepare for 5-20 years, and our plans become a lot more contingent and general the longer that we attempt to plan out... even though surely with some folks they might have family legacies that they are striving to carry out so there are some people who are trying to be more long-term oriented as compared with some other folks who might not have as many abilities to plan out longer time frames, including some folks who might have difficulties with their income yet they still might have family relations that still allows them to attempt to plan out longer term, even if they don't have stable finances... so finances would not be the ONLY way of planning or being rich, since there could be property rich, socially rich or even family network rich, even though some folks might not be very happy with the family they are stuck with (or currently stuck with to the extent that they perceive themselves to be potentially socially mobile).

Having good or bad health can also give someone senses regarding how long that they might be able to plan out.

It's impossible to come up with a plausible idea as to what is going to happen and how it will play out in two decades from now. But this rough idea that all monetary value gravitates into bitcoin in 50 - 200 years does make some abstract sense as bitcoin meets a dozen criteria to be good money which gold (or any other asset) doesn't meet.

When I suggest 50 to 200 years for something to play out, I am providing a lot of latitude in my own thinking of gradually and then suddenly because sometimes changes happen slowly, and then all at once, and if we try to prepare for the direction that we think the puck is going rather than where the puck is, then we are likely going to be in a better position, even though we likely can mostly do ballpark type preparations for a variety of scenarios rather than getting too bogged down in specifics, so there is a bit of a BIG SO FUCKING WHAT? in regards to where bitcoin might be 50 to 200 years from now, since we have to be both enjoying our here and now and also preparing on shorter timelines, such as we do want to make sure that we are able to feed ourselves and any family (dependents) that we might have,  and many times we are going to have a lot of intermediate goals in regards to where we want to be at time 1 month from now, 6 months from now, 1 year from now , 4 years from now, 10 years from now, etc etc etc., and so the further we go out the less that we might get into details, including that I better have enough money to pay my rent, utilities, food, transportation for this month and those are pretty specific numbers, and they become a bit more general the further than we go out in time, even though surely if I have built either life skills (working skills) and social capital, and various back up systems, I might not have to worry as much about some of the shorter term matters working themselves out, yet if I go through some relationship problems, or employment problems or even if I get hit by a bus, then I might have to consider if my various backup plans are sufficient enough to help to protect me (or to keep me in the game). 

Personally, I don't see much if any role for gold in my own personal preparations, and sure there might be some people who are in places in which people are used to having gold and dealing with gold, so maybe they are going to be o..k to have some gold in their lives, but I personally consider gold to be completely unnecessary, absent maybe some Armageddon situation..and even then, in the place where I am at, I have difficulties understanding what good the gold might do me.  I could buy a few ounces or kilos to store some where, just in case, but I am just considering it to be something that might not be very helpful...maybe in considering a situation in which bitcoin is also no longer valuable... internet is down every where?  That would be a pretty bad situation, and I might not be young enough to last through something like that if it comes to fighting over resources, I don't have enough guns and bullets either, which might be helpful in terms of self protection during such times... I think I am getting too far astray with trying to consider some value in terms of having gold as you suggest might be of some value in some scenarios that you have not quite specified what they might be.

[MissNonFall9]

[edited out]

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I don't know why you are asking whether to invest or not.  That is your choice, and there are consequences whether you choose to invest or not to invest, so if you are going to invest, you have to figure out your position size. .and yeah, 2 years sounds like you are planning to trade rather than to invest.

In bitcoin, you probably should be considering putting money in for 4-10 years or longer if you are wanting to consider what you are doing to be an investment rather than a trade.

Do you have money that you can spare for 4-10 years or longer or not.  If you don't then maybe you should not be putting your money into bitcoin until you are able to figure out your discretionary money to such an extent that you know that you have extra money that you can put in.

I doubt anyone convince you what to do but yourself.

There are sure a lot of low coiners and no coiners in the world who are choosing not to invest into bitcoin, and do you want to be one of those?  Maybe you don't know and you have to figure that part out?  The longer you wait to get into bitcoin has its own issues too, so many guys can learn as they go, so you just pick your investment size and you continue to study bitcoin, whether you are able to begin with $100 per week or $10 per week or some other amount that you consider to be in your budget and you are not going to need that money for 4-10 years or longer.

By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.

You are absolutely right that my investment will depend on me whether I invest or not or where I invest. But since I have little investment experience or knowledge of Bitcoin and digital currencies, that is why I am asking so much about investment. I really believe that I can explore the right knowledge and principles on this board and there are many wise people on this board including you from whom I can find the right advice because as I have already said that my experience or knowledge is very little.
And I believe in your words with all my heart that my own enthusiasm will be more effective and reliable than the enthusiasm of others to do anything in this world. But for that I have to gain knowledge myself first, and only then can I make the right decision myself. That is why I have approached you so that I can follow your experience and move forward.
I thought that I would get a good profit from Bitcoin investment after one or two years. But in the light of your kind opinions and experience, I now see that I was completely wrong. I have to plan my investment for a longer period.
Now I can reorganize my plan and get out of a serious situation. This is my biggest achievement.

[Zackz5000]

[edited out]

Considering my situation, your advice is quite reasonable and effective. Because I live with my family although I am not dependent, I have to be accountable to them for the family income, this is my hereditary principle. However due to my job, I can save even a small amount but the amount is very small and I can deposit it continuously. As a result I have invested some amount in Bitcoin earlier. I have some more savings which I am going to invest now. But I think that after one or two years from now if I can save more, can I invest in Bitcoin again with that? This Bitcoin has already motivated me. So I regret a lot for not being able to invest now or a little earlier, although I had nothing to do. And maybe I will regret it again two years from now. But I am constrained by the current situation. Anyway, I am very satisfied with your statement.

I don't know why you are asking whether to invest or not.  That is your choice, and there are consequences whether you choose to invest or not to invest, so if you are going to invest, you have to figure out your position size. .and yeah, 2 years sounds like you are planning to trade rather than to invest.

In bitcoin, you probably should be considering putting money in for 4-10 years or longer if you are wanting to consider what you are doing to be an investment rather than a trade.

Do you have money that you can spare for 4-10 years or longer or not.  If you don't then maybe you should not be putting your money into bitcoin until you are able to figure out your discretionary money to such an extent that you know that you have extra money that you can put in.

I doubt anyone convince you what to do but yourself.

There are sure a lot of low coiners and no coiners in the world who are choosing not to invest into bitcoin, and do you want to be one of those?  Maybe you don't know and you have to figure that part out?  The longer you wait to get into bitcoin has its own issues too, so many guys can learn as they go, so you just pick your investment size and you continue to study bitcoin, whether you are able to begin with $100 per week or $10 per week or some other amount that you consider to be in your budget and you are not going to need that money for 4-10 years or longer.

By the way, some folks have considered bitcoin to be the best place to put your extra money, yet if you have not figured that out or you don't believe it, then you have to figure out your position size in accordance with your beliefs, including figuring out whether you are going to wait (and if you believe waiting is a good investment strategy) or get started and start buying regularly, consistently, persistently and ongoingly while you are also figuring out your own financial and/or psychological situation.

You are absolutely right that my investment will depend on me whether I invest or not or where I invest. But since I have little investment experience or knowledge of Bitcoin and digital currencies, that is why I am asking so much about investment. I really believe that I can explore the right knowledge and principles on this board and there are many wise people on this board including you from whom I can find the right advice because as I have already said that my experience or knowledge is very little.
And I believe in your words with all my heart that my own enthusiasm will be more effective and reliable than the enthusiasm of others to do anything in this world. But for that I have to gain knowledge myself first, and only then can I make the right decision myself. That is why I have approached you so that I can follow your experience and move forward.
I thought that I would get a good profit from Bitcoin investment after one or two years. But in the light of your kind opinions and experience, I now see that I was completely wrong. I have to plan my investment for a longer period.
Now I can reorganize my plan and get out of a serious situation. This is my biggest achievement.

You need prepare well financially before you can think of buying Bitcoin because what are you doing is investment and it is for a very long time your Bitcoin investment shouldn't be a borrow money because you are investing for long term you need to have a good cash flow as you will make plans for your emergency fund reserve, and your discretionary income so that won't sell out your Bitcoin hodling when you encounter some challenges of life or things that you don't expect to happen, and also with the DCA strategy of accumulating Bitcoin you can accumulate Bitcoin gradually either weekly or monthly regardless of the price of Bitcoin and continue hodling.

[MainIbem]

[edited out]

~

~

You are absolutely right that my investment will depend on me whether I invest or not or where I invest. But since I have little investment experience or knowledge of Bitcoin and digital currencies, that is why I am asking so much about investment. I really believe that I can explore the right knowledge and principles on this board and there are many wise people on this board including you from whom I can find the right advice because as I have already said that my experience or knowledge is very little.
And I believe in your words with all my heart that my own enthusiasm will be more effective and reliable than the enthusiasm of others to do anything in this world. But for that I have to gain knowledge myself first, and only then can I make the right decision myself. That is why I have approached you so that I can follow your experience and move forward.
I thought that I would get a good profit from Bitcoin investment after one or two years. But in the light of your kind opinions and experience, I now see that I was completely wrong. I have to plan my investment for a longer period.
Now I can reorganize my plan and get out of a serious situation. This is my biggest achievement.

If you're looking for a very good digital asset to invest on then coming to this thread puts you on the right track cause you'll gain more knowledge about the best digital asset to invest on (Bitcoin) and how to go about it, since you have little investment knowledge I think it's best to take your time and gain more Knowledge and understanding about Bitcoin investment, know the right strategy that would suit your financial status and then implement on it when you're very knowledgeable enough, atleast you've got to know some few basics being that Bitcoin is a long-term investment not something you invest to take quit profits, it's good to take corrections when you're wrong and I love the fact that you acknowledged your wrong instead of arguing about it like some people do. Well, you're not too late to incest in Bitcoin all you just need is to figure out the most suitable amount you can use to DCA at a suitable interval that you can constantly keep up to for long-term, Bitcoin is the best digital asset you can invest on and I assure that you won't regret it so far you follow the right steps, Goodluck on your investment journey mate.