Buy the DIP, and HODL!

[Odohu]

You might be pigeonholing your categories a bit too much, and yeah we might proclaim that there are guys who are overly hesitant in their bitcoin investment and then we might identify guys who are too gungho about their bitcoin investment, yet we can choose our own destination by identifying bitcoin as a good investment and then figuring out how much to invest into bitcoin from our discretionary income, whether that is $100 per week, $10 per week or some other amount.  Of course, if we have a lump sum amount that we could invest, then we can decide whether to invest all of it, or to invest parts into DCAing and/or buying on dips.

Each of us needs to figure out our own strategy rather than trying to figure out what others are doing wrong - although sure it is possible to learn from others too, yet it can take each of us several years to figure out our own strategy, and figure out a way to invest in bitcoin as aggressively as we are able to without over doing it, so in that regard we should have back up cash funds and also consider that we are likely going to be investing into bitcoin for 4-10 years or longer, and perhaps tweaking our strategies along the way as we go and as we build our bitcoin stack size.

Before I visited this thread, of course, the direction of my investment was not directed, aka there was no strategy that was really integrated with my investment pattern. But slowly I began to realize that long-term investment is certainly quite good to apply with regular purchases every week. I didn't really know the term DCA before because it was still foreign to my ears and after a long time I finally found my goal, which was to invest in bitcoin in the right way without any pressure at all.

I believe everything takes a process and sometimes mistakes come early so that we can learn or learn not to repeat them. As you said quite right, it takes 1 year or more to adjust a strategy that can blend with our minds in investing in bitcoin.

Currently trending, I see many investors who invest at once and they forget about it, or the important term is the large allocation they invest in bitcoin is for their old age by implementing a lump sum and forgetting about it.

I wouldn't say the same thing about my investment because I have always known that long term investment is the sure way to make good gains but what I never knew before I visited this thread was the DCA method and the need to make investment after settling basic needs and setting aside emergency funds. Prior to the time I visited this thread, I usually invest any money that enters my hand into Bitcoin and most often I will have to sell part of my Bitcoin to settle some important needs, sometimes I sell below what I bought and that was making me stagnant in my investing with no much growth. Joining this thread I learnt the DCA method, the concept of emergency funds and many other things that have helped me refined my investing and become more comfortable and happy in building my portfolio. This thread have indeed been so helpful to me.

[JayJuanGee]

[edited out]

Yes, that's right, instead of looking for other people's mistakes, it's better for us to correct the mistakes we have. Here I am actually just comparing the two categories of people I mentioned above. Because I hope that from the post I made above there is meaning that can be learned by people who are starting to invest in Bitcoin. The reason is that not a few people who invest in Bitcoin force themselves to borrow money from the bank. And I think that's very wrong.

Apart from that, I also agree that an investment strategy in Bitcoin is very necessary and a DCA strategy is a good thing to do in Bitcoin. Because currently I continue to do DCA on bitcoin. I am indeed registered on this forum starting in 2022 or to be precise in May. At that time I was very curious about bitcoin so I entered this forum. At that time I didn't immediately invest in bitcoin, but a month later after I registered on this forum I decided to invest in bitcoin. At that time I also collected the money I had in the form of bitcoin every 2 weeks. But to be honest, at that time I didn't know that the strategy I was using was a DCA strategy. But after I found out, the strategy I used turned out to be DCA. So until now I continue to do DCA on bitcoin, even though the bitcoin I have is not as big as you mentioned, but in essence I continue to be consistent with my investment.

And yes, I agree with you, that if we have income, then have reserve funds, and cold, unused cash. So immediately investing this cold money in Bitcoin is the right thing. But if you don't have cold money, it's better not to invest in bitcoin yet. Because if you are forced to invest in Bitcoin by borrowing money, of course this is not the right solution.

I largely stated what I had wanted to say, yet it could well be that I overly read into your post in terms of how I thought that you were categorizing various bitcoin accumulation approaches, and surely many of us should appreciate that a fairly aggressive approach to bitcoin might be able to show decently good results (not that you have to state any of your particulars), while at the same time, even a guy who had been aggressively investing into bitcoin for 2.5 years or less than a whole cycle may well have not quite been able to accumulate even close to enough bitcoin, even if he might be being as aggressively as he is able to be without overdoing it.  And, frequently, you are not going to realize that you over did it until you see that you got yourself into a pickle and you don't have enough cash to cover some expenses and you are trying to figure out how to not prematurely draw from your bitcoin stash while you are in the stages of still wanting and needing to build it up.

So even the example that I gave of a guy who is able to buy $250 of bitcoin every week for 2.5 years or more might not feel that he is even close to a place that he has accumulated enough bitcoin.. even if maybe he is on the aggressive end of the accumulation and he has something like 25% of his income is spent on bitcoin, so then that would mean that his total income is right around $50k per year, so having had accumulated just over 1 bitcoin mighty not be quite close to enough, so he might well realize that he is going to likely have to spend another whole BTC cycle accumulating bitcoin before he might start to get himself into a position of potentially being able to adjust his BTC strategy away from strict, ongoing, persistent and consistent accumulation of BTC at any price..

And yeah, many people may not even be able to invest 25% of their income into bitcoin, and they might ONLY be able to invest around 10%, so on the surface 25% seems to be quite aggressive, yet more aggressive can sometimes facilitate making progress faster as long as the guy does not over do it... and he is making sure that he has his expenses covered, including various back up funds and emergency funds in place in case he might have higher expenses that might come about from time to time.

[edited out]

I wouldn't say the same thing about my investment because I have always known that long term investment is the sure way to make good gains but what I never knew before I visited this thread was the DCA method and the need to make investment after settling basic needs and setting aside emergency funds. Prior to the time I visited this thread, I usually invest any money that enters my hand into Bitcoin and most often I will have to sell part of my Bitcoin to settle some important needs, sometimes I sell below what I bought and that was making me stagnant in my investing with no much growth. Joining this thread I learnt the DCA method, the concept of emergency funds and many other things that have helped me refined my investing and become more comfortable and happy in building my portfolio. This thread have indeed been so helpful to me.

That is a good thing to point out Odohu since there are so many guys who believe that they are being aggressive and that they are not being overly aggressive, but then they have not sufficiently accounted for variance in their income and/or variance in their income and other various surprises that might come up in the real world situations, and so they might even think that their having $1k or $2k is enough spare cash to have on hand, but they might not even have had considered what kind of variance that might take place, so perhaps their sloppy levels of keeping back up funds covers 90% or more of the situations that come up in any given month, but if those same odds play out every month, sooner or later, the guy is going to end up getting himself into a pickle because 90% coverage is not enough... so he has to figure out a way to be more systematic about his level of aggressiveness in accumulating BTC and to realize that he can ONLY begin to maximize his level of aggressiveness without going overboard if he is actually completely covered and he is using discretionary funds, not money that he might need because he miscalculated.

Sometimes we can learn the good techniques and the good practices through experience, but it can be kind of irritating to end up realizing that there could have had been ways to avoid going through the losses.. and surely no one likes to go through various losses, and to not be able to continue to build his wealth and/or his bitcoin stash, and to figure out that the measurement should be building up the bitcoin stash and not worrying if they are in profits or not in profits in the short term.. since even if profits are not guaranteed in bitcoin, the building up of the stash even when it is not in profits, may well have had ended up being the most correct move, even for a person who might not be showing profits in his BTC holdings for a long amount of time and even if he is still buying bitcoin and the price is going up, but he is still so early in his bitcoin journey that he should be spending quite a bit of effort on ongoingly buying bitcoin, and perhaps even through at least a whole cycle prior to his potentially getting himself into a position that he might be able to change his strategies.

And, each of us should be attempting to assess our own situation and our bitcoin holdings in order to figure out how to apply the better of the BTC accumulation strategies.

[Lidger]

Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

But for Bitcoin investment all you need just some basic knowledge and you good to start , and you can continue to expand your knowledge to make your holding or investment better each day , and this thread can help with that , due to the knowledgeable users here just stick around and Secure a smooth investment tho they would be done up and down in market but still stay strong 💪

The term scripto trading may sound small but it has a lot of significance because investing is as easy as we can start trading but we can't start trading as easily. The main purpose of our trading is to make profit, that is, we have to be aware of the changes in the market at every moment and we have to mark these things regularly when the market is changing from negative to positive. By regularly marking these things we have to buy any coin at a certain time and after buying we have to fix a target of when we will sell those coins. If there is any mistake in this plan then money can be lost instead of profit so trading is always riskier than investing. 

On the other hand, investments are usually planned for a longer period of time, that is, after investing, investors do not have to think that they will have to sell their coins due to small changes in the market. Those who are affected by small changes and sell their investments I will not call them investors but I will consider them as traders. But if the investment can be made consistently and if the investment can be held for a long time then there is a possibility of getting a good amount of profit from this investment even with relatively less risk of money.

[Ruttoshi]

By regularly marking these things we have to buy any coin at a certain time and after buying we have to fix a target of when we will sell those coins. If there is any mistake in this plan then money can be lost instead of profit so trading is always riskier than investing.

First of all, this is a bitcoin thread and only bitcoin investment is worth investing and hodli for a long term not shitcoins because they come and go. You shouldn't compare bitcoin with shitcoins because they are not in the same category, and you should be specific with the word 'bitcoin'.

Trading should be ignored as a new investor who is just coming into the bitcoin space because it will reduce your chances of increasing your bitcoin portfolio overtime when that was the real target. Short term profits are not the best because cannot secure your future. Same thing applies to shtcoins, they are distraction will make you run at loss in the long term because both trading and investing in shitcoin is the same thing as gambling to someone who intends to go on a long term bitcoin investment.

A brand new investor should focus more on how to build and grow his bitcoin portfolio for a very long them so that he can be buying regularly every week with an amount that will not affect his financial strength through DCA for 4-10 and above, so that he can gradually build his bitcoin portfolio over time till he reaches his bitcoin target. Instead of him buying and thinking of selling with a fix target. Just keep on buying for the future because the size of your portfolio in future is what matters a lot.

[sotelorene]

Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

But for Bitcoin investment all you need just some basic knowledge and you good to start , and you can continue to expand your knowledge to make your holding or investment better each day , and this thread can help with that , due to the knowledgeable users here just stick around and Secure a smooth investment tho they would be done up and down in market but still stay strong 💪

you are actually right to an extent, yeah trading is not a bad thing per say but what makes it bad is the loss people incur while trading and what also makes it interesting is the profit some people make from..., and the truth is trading is not limited i mean one can not know it all it is something people try to do because of the fundamental or technical analysis been carried out which of course may not even be enough or certain that is goin to work, sometimes analysis can be so interesting and convincing that the market is going to be like this while the market is planning on going the opposite direction. in my opinion, i do not think knowledge is enough in trading perhaps one ought to be discipline so as to minimize the rate of loss, do you know one can have knowledge and yet very greedy and this is one of the factor that brings about loss in trading. The done up and the down in are the things that defines the market so it should not be a new thing and anyone who is doing the long term investment should not bothered because Bitcoin is a very great asset.

[SuperBitMan]

Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

But for Bitcoin investment all you need just some basic knowledge and you good to start , and you can continue to expand your knowledge to make your holding or investment better each day , and this thread can help with that , due to the knowledgeable users here just stick around and Secure a smooth investment tho they would be done up and down in market but still stay strong 💪

you are actually right to an extent, yeah trading is not a bad thing per say but what makes it bad is the loss people incur while trading and what also makes it interesting is the profit some people make from..., and the truth is trading is not limited i mean one can not know it all it is something people try to do because of the fundamental or technical analysis been carried out which of course may not even be enough or certain that is goin to work, sometimes analysis can be so interesting and convincing that the market is going to be like this while the market is planning on going the opposite direction. in my opinion, i do not think knowledge is enough in trading perhaps one ought to be discipline so as to minimize the rate of loss, do you know one can have knowledge and yet very greedy and this is one of the factor that brings about loss in trading. The done up and the down in are the things that defines the market so it should not be a new thing and anyone who is doing the long term investment should not bothered because Bitcoin is a very great asset.

We should not be discussing trading in this thread what we should be discussing is accumulating Bitcoin and hodling, we all know that trading is very risky however if you wish to play around with your money you can only do that with 5 or 7 percent out of your 100 percent discretionary income that way you won't feel much pain and frustration when you lose.
And yeah is true that there's risk in accumulating and hodling Bitcoin for long term but the risk in long term Bitcoin investment is lower than that in trading.

[Fara Chan]

We should not be discussing trading in this thread what we should be discussing is accumulating Bitcoin and hodling, we all know that trading is very risky however if you wish to play around with your money you can only do that with 5 or 7 percent out of your 100 percent discretionary income that way you won't feel much pain and frustration when you lose.
And yeah is true that there's risk in accumulating and hodling Bitcoin for long term but the risk in long term Bitcoin investment is lower than that in trading.

I also quite agree if this thread is not discussed about trading, but if it is just an example so that some people can understand better I think it will not be wrong. Because when we refer to the title and sub where this thread is located, of course the discussion is more directed at speculation and also Bitcoin accumulation which is more directed at more purchases that can be done gradually by anyone. Now Bitcoin has experienced a slight correction which can be quite good for people who like to accumulate by buying it at a moment like now, so take this opportunity and use it as best you can before Bitcoin flies back to a much higher price than it is now.

[SmartCharpa]

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.

Delaying can be very risky, which is maybe why some individuals haven't yet purchased their first Bitcoin. Many people have been waiting for the price to drop before making the decision to buy, but nobody can predict when the price will drop. The price of bitcoin may not move for several months, and investors who use the DCA strategy will keep accumulating. The price of bitcoin is currently at $96k, so we won't be shocked if it drops more seriously. The only people who will spend the rest of their lives waiting for the dip are those who are not ready.

We should not be discussing trading in this thread what we should be discussing is accumulating Bitcoin and hodling, we all know that trading is very risky however if you wish to play around with your money you can only do that with 5 or 7 percent out of your 100 percent discretionary income that way you won't feel much pain and frustration when you lose.
And yeah is true that there's risk in accumulating and hodling Bitcoin for long term but the risk in long term Bitcoin investment is lower than that in trading.

The fact that some individuals still describe trading as holding Bitcoin is very surprising. We must realize that the purpose of this discussion is to advise those who are interested in holding Bitcoin for the long run to continue holding it, even if the market price is changing. As you mentioned, trading is highly dangerous and is like gambling with a small amount of money that you won't feel bad about losing. However, buying and holding Bitcoin is completely different from what some people believe, and you may lose more money than you can afford when trading. So I don't think using a DCA strategy to accumulate Bitcoin is risky.

[Mayor of ogba]

Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

Even with good knowledge in trading, you are not certain of becoming successful in trading, so trading bitcoin for short-term profit is a bad idea. Since trading comes with a lot of emotional damage, it is better to invest in bitcoin for the long term so that you will not regret when you sell your bitcoin too early for short-term profit and the price keeps going high.

We all know predicting what will happen in Bitcoin in the future is very difficult so we can't predict when the dip is going to happen in the future, so to avoid waiting in vain for dip is better you accumulate little by little using the DCA strategy when when there's a dip you can switch up and start accumulating aggressively.

Buying the dip aggressively is not bad, but you have to make sure that if you are doing that, it will not stop you from sorting out your daily expenses, which might get you off the game, partially or permanently. Buying the dip aggressively is best done when you win a lottery or when you receive a bonus payment at the place of your work, and you use the money to buy the dip aggressively since the money is not allocated to solve your daily expenses.

[MissNonFall9]

Yes, I have already invested some amount, and your advice is very important to me when I change my investment plan in Bitcoin based on your opinion. And I never thought that you would give me so many words of advice. Anyway, I feel like I am one of the lucky ones (I am not exaggerating). I believe that one day I will be able to do something good and seek the right knowledge. And trading is not my favorite subject. So I have no desire or aspiration to move towards trading because it seems more dangerous to me.

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

But for Bitcoin investment all you need just some basic knowledge and you good to start , and you can continue to expand your knowledge to make your holding or investment better each day , and this thread can help with that , due to the knowledgeable users here just stick around and Secure a smooth investment tho they would be done up and down in market but still stay strong 💪

It is not our intention to say that trading is bad but I think there is only one reason why trading is not for everyone, and that is the psychological aspect involved. I have seen my close friends lose their mental control while trading, even though they are very skilled and tactical in trading. But Bitcoin attracts me a lot, so despite not having proper knowledge, I bought some Bitcoin. And now I want to enrich my Bitcoin knowledge base. I am getting a lot of wise opinions and advice from this thread. And persistence is very important to me. Because in my childhood my grandfather used to say, give time to whatever you desire, persist one day you will succeed. Thank you for your kind words.

[Frankolala]

Buying the dip aggressively is not bad, but you have to make sure that if you are doing that, it will not stop you from sorting out your daily expenses, which might get you off the game, partially or permanently. Buying the dip aggressively is best done when you win a lottery or when you receive a bonus payment at the place of your work, and you use the money to buy the dip aggressively since the money is not allocated to solve your daily expenses.

You must not win a lottery before you can buy aggressively at the dip, because people that buys at the dip will prepare themselves for it. This is where reserve funds comes in play. When you are DCAing, it's good that you set up a reserve funds to buy at the dip, so that it wouldn't affect you financially, but use the opportunity of the dip to add more bitcoin to your portfolio. When it's bad to buy at the dip is when the investor is a new investor, and he is not DCAing but choose to wait for the dip, when no one knows if the dip will come or not.

However, if you are not prepared for the dip, and you decided to DCA aggressively because you want to buy more bitcoin with funds that is not your discretionary income, you will end up selling your bitcoin when your needs arises putting you at loss, if the price goes dipper and stay for a while. It's good we plan very well, so that we don't be a hindrance to the growth of out bitcoin portfolio through our own actions.

[JayJuanGee]

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.

Delaying can be very risky, which is maybe why some individuals haven't yet purchased their first Bitcoin. Many people have been waiting for the price to drop before making the decision to buy, but nobody can predict when the price will drop. The price of bitcoin may not move for several months, and investors who use the DCA strategy will keep accumulating. The price of bitcoin is currently at $96k, so we won't be shocked if it drops more seriously. The only people who will spend the rest of their lives waiting for the dip are those who are not ready.

We should not be discussing trading in this thread what we should be discussing is accumulating Bitcoin and hodling, we all know that trading is very risky however if you wish to play around with your money you can only do that with 5 or 7 percent out of your 100 percent discretionary income that way you won't feel much pain and frustration when you lose.
And yeah is true that there's risk in accumulating and hodling Bitcoin for long term but the risk in long term Bitcoin investment is lower than that in trading.

The fact that some individuals still describe trading as holding Bitcoin is very surprising. We must realize that the purpose of this discussion is to advise those who are interested in holding Bitcoin for the long run to continue holding it, even if the market price is changing. As you mentioned, trading is highly dangerous and is like gambling with a small amount of money that you won't feel bad about losing. However, buying and holding Bitcoin is completely different from what some people believe, and you may lose more money than you can afford when trading. So I don't think using a DCA strategy to accumulate Bitcoin is risky.

In the context of this thread we are not talking about trading or selling bitcoin in order to accumulate more bitcoin. Selling is not a good strategy to accumulate more bitcoin.

Sure the title of the OP might be misleading, since it has a concept of buying bitcoin on the dip, which implies that there might be some advantages to identifying the dip or even to wait for the dip rather than buying regularly.  So there is plenty to talk about in this thread in regards to the various ways to accumulate bitcoin, and trading and selling bitcoin seems to be outside of the scope of what we have been talking about in this thread or should be talking about in this thread since if we start to talk about trading and/or selling then we get diverted from the main ideas of accumulating bitcoin for the long term, and what tactics and strategies might be effective for accumulating bitcoin.   

Holding can mean don't sell when the BTC price goes up, but it also could mean don't sell when the BTC price goes down, and one of the practices that I like to advocate, especially for newbies, is buying BTC all of the time and no matter what, yet there surely could be times where we are not able to buy anymore bitcoin because we ran out of money and we have to wait for our next paycheck to come before we are able to buy more bitcoin, which would be another opportunity to just HODL through such period in which we don't have enough money to continue to buy BTC.

If we really work through the ideas of how much BTC any of us might be able to accumulate, there are many of us who will realize that it is likely going to take 10-20 years or longer to really build up an investment portfolio, unless such person has already gotten some kind of an investment head start or they are able to draw from other sources, such as having a very strong income relative to their expenses.  So if someone identifies that he wants to accumulate bitcoin and get to a certain level of BTC accumulation, then the best ways to accumulate bitcoin have to do with ongoing, persistent, consistent and even aggressive buying of bitcoin without going overboard, and selling does not seem to have any place in the logic of actually striving to accumulate bitcoin, and personally, I doubt that there is any need to sell any bitcoin prior to reaching a status of overaccumulation (absent the times that someone might want to spend and replace his bitcoin in order to support the spending bitcoin infrastructure). 

[danadc]

The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
  Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.

My goal is to be able to get the bitcoin using the DCA method, no matter how long it takes me but even if the price of bitcoin Increases I will continue to accumulate anyway, I don't care, seeing that the money in fiat increases there are Emotions , but more emotions seeing that the satoshis grow, and that is what many should see that a bitcoin is that, a btcoin, which is the goal, I hope this can be done for more, but I'm sure that if I make 1 btc then I will continue to make the 2nd, that's the idea , that's the purpose of this.

[Dump3er]

Trading not bad though but I will say you're making the right choice avoiding it ( trading) , because trading not something one can start without having good knowledge on how it works and stuff because to understand trading takes time and energy, and also determination, without any knowledge you will only get yourself rekt (losing everything).

you right though,  if you looking for relative peace of mind and a sustainable Growth
Then investment is the goal not trading.
Yeah, there are People that makes it big from trading but who trades with something as Valuable as Bitcoin?
Even with a perfect technical analysis
Failure would still exist in trading.

Investment just require consistency, a dedicated mind and Risk management.
If trading was so successful, wouldn't be the face of Bitcoin.

There is no such thing as a perfect technical analysis and yes failure in trading will always exist exactly because there is no such thing as perfect analysis on short-term trends. Investment, if you follow a plan thoroughly, requires the least effort in regards to transactions itself. However, if someone decides to stick to an asset long-term for some reason and gobble up a lot of it because they think it is promising, then studying that asset and keeping up with information and available learning material would be the effort required. But it is less stressful. Learning about a subject that you are interested in without having to act nonstop on what you've just read 10 minutes ago is a whole lot more relaxing than these trading things.

And by the way, I don't know how much people know about trading in markets in times like these, but you should be aware that you are mostly competing with AI and algorithms/bots. Some traders will still claim they can generate an alpha, but real trading is probably mostly taking place in an automated fashion. You'd rather make a fundamental decision and a purchase plan or if you are someone who has an information edge over everyone else, well then trading might be for you, but I assume that most of those talking about trading do not have an information edge over everyone else.

Regarding, such an information edge does probably not even exist anymore because what is it that could give you an edge? Perhaps US legislation making a big move towards embracing bitcoin, but then these types of news had their wear and tear over the years similar to the Chinese "banning bitcoin", close to nothing would happen anymore. I'd rather not waste my time with trading and technical esoteric guru analysis.

[Tungbulu]

In the context of this thread we are not talking about trading or selling bitcoin in order to accumulate more bitcoin. Selling is not a good strategy to accumulate more bitcoin.

Sure the title of the OP might be misleading, since it has a concept of buying bitcoin on the dip, which implies that there might be some advantages to identifying the dip or even to wait for the dip rather than buying regularly.  So there is plenty to talk about in this thread in regards to the various ways to accumulate bitcoin, and trading and selling bitcoin seems to be outside of the scope of what we have been talking about in this thread or should be talking about in this thread since if we start to talk about trading and/or selling then we get diverted from the main ideas of accumulating bitcoin for the long term, and what tactics and strategies might be effective for accumulating bitcoin.   

You’re right!
The thread’s subject does suggest an idea of timing the market and waiting for a dip before, although while the other part of the subject says “And HODL” (which of course kinda frowns against selling) the whole topic still sounds kinda misleading.
But the discussion on this particular has indeed evolved and organically shifted towards considering a more appropriate approach and strategy for Bitcoin accumulation in the long term, which is the Strategy of Consistent Buying using the DCA approach. 

If you ask me, I feel this shift in focus of the thread is quite an innovative and positive move/development, because it provided us the opportunity to explore different and several other strategies, p make certain comparisons as well as putting certain things into consideration in order to identify a more appropriate strategy for Long term Bitcoin accumulation and HODLing, thereby learning even more and beyond what the Topic talks about with the aid, knowledge and analysis of experts and professionals amongst us, helping us to build a more secure and solid Portfolio.

By focusing on accumulation approach, we’ve been able to explore other vast topics like the concepts of the Dollar Cost Averaging which of course so many of us never knew about, we’ve also been able to discuss the importance and benefits of having an emergency and other backup funds too.

You’re absolutely right that introducing trading or selling into this discuss could serve as a major distraction from the main theme of the discussion which of course is long term accumulation. Rather than deviating from the discussion, it’ll be more beneficial to maintain our focus on long term accumulation as this would potentially help us to provide a more valuable insight and guide to those who are also seeking after building a solid Bitcoin portfolio in the long term.

[Mayor of ogba]

Buying the dip aggressively is not bad, but you have to make sure that if you are doing that, it will not stop you from sorting out your daily expenses, which might get you off the game, partially or permanently. Buying the dip aggressively is best done when you win a lottery or when you receive a bonus payment at the place of your work, and you use the money to buy the dip aggressively since the money is not allocated to solve your daily expenses.

You must not win a lottery before you can buy aggressively at the dip, because people that buys at the dip will prepare themselves for it. This is where reserve funds comes in play. When you are DCAing, it's good that you set up a reserve funds to buy at the dip, so that it wouldn't affect you financially, but use the opportunity of the dip to add more bitcoin to your portfolio. When it's bad to buy at the dip is when the investor is a new investor, and he is not DCAing but choose to wait for the dip, when no one knows if the dip will come or not.

However, if you are not prepared for the dip, and you decided to DCA aggressively because you want to buy more bitcoin with funds that is not your discretionary income, you will end up selling your bitcoin when your needs arises putting you at loss, if the price goes dipper and stay for a while. It's good we plan very well, so that we don't be a hindrance to the growth of out bitcoin portfolio through our own actions.

I have been accumulating bitcoin for a while now, and I know that reserve funds can be used to buy the dip anytime it happens, but there can be a case where a new investor in bitcoin investment will not have reserve funds immediately when he starts his bitcoin investment because he will be building his emergency funds, reserve funds, and floats along his accumulation journey, which will not be a wise move for him to start buying the dip aggressively with his reserve funds since he hasn't built it up to 3 months. In this case, the only way an investor can accumulate bitcoin aggressively without getting off the game, partially or permanently, is when he uses the money that is not meant for his daily expenses, which can come from a lottery win or when he gets a bonus or extra payment from his place of work.

[Hewlet]

The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
  Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.

My goal is to be able to get the bitcoin using the DCA method, no matter how long it takes me but even if the price of bitcoin Increases I will continue to accumulate anyway, I don't care, seeing that the money in fiat increases there are Emotions , but more emotions seeing that the satoshis grow, and that is what many should see that a bitcoin is that, a btcoin, which is the goal, I hope this can be done for more, but I'm sure that if I make 1 btc then I will continue to make the 2nd, that's the idea , that's the purpose of this.

having a goal of accumulating up to one bitcoin which could be your fuck you region is not a bad idea and even though at the start it might appear difficult and might look like something that will take too long to get to most especially if the amount you are using for your DCA is not much, with consistency and proper planning, you can easily actualized your goal. simple question like, how much should be my DCA  amount if a want accumulate up to one or two bitcoin in a certain number of years will help you effectively pan your accumulation amount and staying disciplined will quickly take you to the goal you have set for your self.

i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure. setting an 8 or ten years plan will make things a bit clearer so you are able to accumulate your bitcoin realistically and not have to remain accumulating for too long. note that it is not by how long you have been accumulating bitcoin that really matters, if you can use less number of years in reaching your goal, it will be better than DCAing so small an amount such that it will take you too long too reach your goal.

[Salahmu]

i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure.

Yeah it is of the nature of every investors to dream big about their future accomplishment, so setting a reasonable target is good way to start the process but not every target is encouraged, so actually I would say that having a set target of 2 Bitcoin to achieve in all of his life does not sound like a target because the conviction will be very low and as the time goes you will start losing interest because of the belief that you still have a good number of years ahead of you to meet up and from such mindset other things will come in play and occupy your mind from thinking about your investment, meanwhile as we normally talk about few years targets is better because it gives us the discipline that whatever thing we do we have something very important to reach out and that idea will now be installed on our head.

[Ruttoshi]

The more bitcoin you collect the more profit, because you can store it for a long time and this will be the DCA method. But currently if someone invested in October and his investment increased by 2 to 3 times in November then surely most success is possible with proven bitcoin long term holding.
  Note that the bull market is not over yet, so even with bullish prices, if you hold Bitcoin with the DCA method, you will save on the purchase price. That's why DCA method is the best and has the most role in Bitcoin investment, so you accumulate Bitcoins little by little in which you can accumulate the maximum . And stay away from bank deposit, deposit bitcoin money.

My goal is to be able to get the bitcoin using the DCA method, no matter how long it takes me but even if the price of bitcoin Increases I will continue to accumulate anyway, I don't care, seeing that the money in fiat increases there are Emotions , but more emotions seeing that the satoshis grow, and that is what many should see that a bitcoin is that, a btcoin, which is the goal, I hope this can be done for more, but I'm sure that if I make 1 btc then I will continue to make the 2nd, that's the idea , that's the purpose of this.

having a goal of accumulating up to one bitcoin which could be your fuck you region is not a bad idea and even though at the start it might appear difficult and might look like something that will take too long to get to most especially if the amount you are using for your DCA is not much, with consistency and proper planning, you can easily actualized your goal. simple question like, how much should be my DCA  amount if a want accumulate up to one or two bitcoin in a certain number of years will help you effectively pan your accumulation amount and staying disciplined will quickly take you to the goal you have set for your self.

It's not how much that you can use to buy bitcoin every week for you to reach your bitcoin target is the problem, but the amount of your discretionary income is what matters because that's what you can only use to invest in bitcoin for a long-term and hodli.

i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure. setting an 8 or ten years plan will make things a bit clearer so you are able to accumulate your bitcoin realistically and not have to remain accumulating for too long. note that it is not by how long you have been accumulating bitcoin that really matters, if you can use less number of years in reaching your goal, it will be better than DCAing so small an amount such that it will take you too long too reach your goal.

You should know that we are all different from each other and our income and responsibilities also differs. This is why it's good that anyone investing in bitcoin should invest with an amount based on his own capacity and not overdo it so that he can continue buying regularly with DCA overtime. The amount that you are using to DCA does not really matters as long as that's the highest you can afford that will not affect your finance, what matters is your consistent and persistent buy for a very long time as the investor wants because your long-term time duration might not be the same with mine.

Also I don't see the plan of targeting to buy one bitcoin, and when it has been achieved, you increase it to two bitcoin and continue your accumulation journey, instead of just saying that you will accumulate for only 8-10 years, so after 8 years what next. What if your bitcoin portfolio is not yet up to your satisfaction, won't you continue to accumulate when you have the money to keep your bitcoin accumulation ongoing.

Let's put it into practical now. A new investor is investing on bitcoin with $100 every week
100 X 52 = 5200
In ten years = 5200 X 10 = $52000

Bitcoin currently is at 95k+, which your 10 years savings in bitcoin is not up to one bitcoin because one bitcoin is 95k+ and when your own ten years will come to reality in future bitcoin price will be higher than $95k+.

[sotelorene]

i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure.

Yeah it is of the nature of every investors to dream big about their future accomplishment, so setting a reasonable target is good way to start the process but not every target is encouraged, so actually I would say that having a set target of 2 Bitcoin to achieve in all of his life does not sound like a target because the conviction will be very low and as the time goes you will start losing interest because of the belief that you still have a good number of years ahead of you to meet up and from such mindset other things will come in play and occupy your mind from thinking about your investment, meanwhile as we normally talk about few years targets is better because it gives us the discipline that whatever thing we do we have something very important to reach out and that idea will now be installed on our head.

You are absolutely right and I think I get your point and of course this doesn't only happen in Bitcoin investment even in some other investment and activities, I have once set target on something that by the end of the month this where I want to reach in this..., but as days goes by I began to feel reluctant and weak reason because even if I don't achieve it that set date I will still achieve it sooner or later and to a point it was more like an procrastinating not even because I was lazy or not determined but because i believe I can still get to that set target so I have to stop and just do it in a normal way and then I start making progress. I'm not saying that setting a target is not good but sometimes it's not good  it can make one reluctant or procrastinate thereby making one to lose some opportunity as a result of not completing a set target on time.