Buy the DIP, and HODL!

[Tamaperdana]

And I remind you, if you have bought bitcoin and stored it in your wallet. Don't forget to write your wallet phrase and keep it in a safe place. Then the paper containing the wallet phrase code must be laminated directly. So the paper is not eaten by termites and remains safe even if stored for years.

You don't even have to wait till you buy bitcoin and store in your wallet first, before you will write down the seed phrase. To me it is not a safe practice. You should write your seed phrase down the moment you are setting up your wallet after downloading it from your app store. I think this is the best practice and in your own interest. Because the moment you have stored bitcoin in your wallet anything can happen. So it's safer to have the seed already written down, before proceeding to deposit your bitcoin in the wallet.

Regarding where you mentioned about laminating the paper where your seed phrase was written. It is better to keep the paper in it's original form than taking it to a computer center for lamination. Because when you take it there, there is a high possibility that a third party who is doing the laminating for you, is definitely going to see what you have written down. And once your seed phrase has come in contact with a third party, just know that your funds are not safe. Just look for a good place and store your seed phrase. Just make sure you don't keep it where termite will eat it up. If you keep your house and your surroundings very clean, termites and rodents won't come close. Try as much as possible to make sure that no third party come in contact your your seed phrase.

There is a problem if there is ONLY one back up, and so people need to consider how they are going to deal with matters, and let's say that your house burns down?  Is your back up and your wallet in the same place?  We cannot secure as much if we have faulty backup systems, and yeah, it can be difficult for some people, including maybe more difficulties if a person is moving locations and he might have all of his valuables in one place.. so there need to be systems that account for possible things that could go wrong if everything is in one place.. and surely the point about if any time anyone might have had seen the seed, then they might have made a copy of it, taken a picture or some kind of way of noting the seed.

You are right that the wallet phrase is better written before the wallet sends the bitcoins. Because this is useful for making the bitcoin assets we own safer. Apart from that, the idea of ​​laminating paper containing the phrase wallet would indeed be very risky if carried out by a laminating service. So I personally laminated the paper containing the wallet phrase itself. The method is quite simple and doesn't require a machine either. However, I only need a laminating bag and to glue it I use an iron. And the results are not much different from the results of laminating using a machine. So I personally do this to laminate wallet phrase paper and of course it is definitely safe.

Apart from that, regarding anticipating the loss of your wallet due to a house fire or flood, we also have to think about this carefully. Because sometimes unexpected things can happen to our homes. So to anticipate this, I think we should make two or three copies of the wallet phrase and store them in different places. Although this method also has risks, in my opinion the benefits are no less great. The most important thing is that the place used to store the wallet phrase is truly safe.

And I also have another suggestion. When we write our wallet phrase on paper, it would be nice if the wallet phrase has been written, we have to check it by entering the wallet phrase and seeing whether the wallet phrase is correct or not. So that way we will be more sure whether the wallet phrase we wrote is true or false. Because it would be very troublesome if, for example, we wrote down a wallet phrase, then we kept it for years, and when we wanted to open or enter the wallet phrase, one of the words of the phrase was wrong.

[Greyhats]

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

I understand what your stating here, but I think its the wrong approach. DCA for me is not caring too much about the price that I buy at, its more about how much i can accumulate within my target for the year. So say I have a accumulation target of 0.1 BTC for 2025 and I forecast the average BTC price for 2025 at 150k I'm going to need to budget 15k(288/week). If the avg price goes up I'm gonna need to become aggressive and I need to figure out how agressive I can be, so maybe I draw line and say I can put in another 2k(38/week) to reach my accumulation target, or on the flip the avg price goes down I will accumalate more than 0.1 BTC with the intial 15k budget, and have 2k extra for out of schedule buys or maybe even a dip buy here and there.

The way I accumale is by setting yearly goals to get X BTC in that year. I have an over arching accumulation target that I'm trying to get too that plays into those annual goals. Whether its a bullish year or a bearish year doesn't impact my target setting, because it will balance out. There may some years(and there have been) where I over accumulated and I'm sure there will be years I under accumulate but as long as I get to my target or very close to it I feel I will be setup right for the future.

 

[Zackz5000]

Finally we are at 100k, a price we were looking for many months. Bitcoin once again achieved another high value, we can't say what lies ahead may be 150k or 200k or may be price goes back to 70k or 50k, everything is possible with Bitcoin. There is no guarantee of bitcoin price.
Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

The most exciting news is that the price of Bitcoin has now reached $100k. I have been expecting the day when I would be able to see the price of Bitcoin reach $100k since I have been hearing from people who are familiar with Bitcoin for a long time that it has reached $100k before. To be honest, with the huge change in the price of Bitcoin, this is fantastic news for long-time investors as well as those who bought more recently. Furthermore, only those who are unfamiliar with Bitcoin may sell off part of their holdings for the festive season or those who have been buying Bitcoin for the previous three years, it is not advisable for those who have not been accumulating Bitcoin for a year to sell any part of their holdings for the holiday season.

But this is only the beginning for Bitcoin, a bull run has been expected for the previous several months, but it is taking place at the end of the year. So those who haven't bought yet should do so immediately to continue building up, because Bitcoin could hit $150k by 2025, the earlier, the more profitable.

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one, don't be in a hurry to forget that the market can be uncertain where we have the bull and bear hence, any one coming into Bitcoin investment with the mindset that Bitcoin will only keep going up might feel very disappointed whenever Bitcoin is having a downward trend. Secondly, a new investor shouldn't be talking about profit margin when he or she should be focusing more on buying Bitcoin because he or is she is still very early in the accumulation stage, and on the other hand, profitablity in Bitcoin investment is directly proportional to the the size of your Bitcoin investment and how long you where able to hold.

It is important for an investor to know that Bitcoin price is always not stable as it goes up and down so investors who's Bitcoin investment is for a long time purpose shouldn't be worried about the upward trend and downward trend of Bitcoin since you are not investing for a short time purpose.

In the other aspects I agreed with you as a new investor your major interest shouldn't be making profit but how you can be able to increase your Bitcoin stack because it is the amount of Bitcoin you accumulate and how long you were able to hodl will determine the profit you will make.
So it is important to keep on accumulating Bitcoin either using the DCA strategy to accumulate Bitcoin and HODL for future purpose because Bitcoin will definitely rise above what it is now in time coming.

[Ruttoshi]

if someone is not financially stable, the DCA strategy is still always a flexible  way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent ).

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

You might have a stable income but don't have discretionary income, such person will not be able to invest in bitcoin talkmore of someone without a stable income, because if you don't have a discretionary income and you end up buying bitcoin, you will sell it when you are broke because you must take care of your needs for survival. If you don't have a stable income, you will not be able to build an emergency funds that will sustain your bitcoin investment in the long term.

Investing in bitcoin is just like saving your extra money in the bank for long to achieve something of valuable to you but when you are not financially stable, which money will you save in the bank, instead your bank account will be zero. Same applies to bitcoin.

[cryptoWODL]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Skilled and experienced Investors never wait to buy bitcoins, their goal is to buy bitcoins whenever they have money. For example, MicroStrategy has bought bitcoins at any moment in the market, making them the number one investment company in the world by regularly buying bitcoins.

You are wrong; new investors should know about their finances first to know if they will have a discretionary income that will allow them to freely invest in bitcoin, and after then they can figure out if they will be accumulating bitcoin on a weekly or monthly basis.

You re-read the post carefully to see what is mentioned there. @Tmoonz points out that it is not good to make investment decisions based on current market trends. Maybe he meant by saying that Bitcoin price is high now so it is best to invest during dip time. It is very important for an investor to have a source of income before investing. The most important thing for an investor to do before starting to invest is to ensure the source of income.

If investors with source of income only wait for dips then their investments may not progress. Markets don't always have dip periods so if they wait for these periods they will miss the investment. New investors should not wait for dips to buy bitcoins, That is why they are initially told to get ready to buy Bitcoin immediately.

[Agbamoni]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Skilled and experienced Investors never wait to buy bitcoins, their goal is to buy bitcoins whenever they have money. For example, MicroStrategy has bought bitcoins at any moment in the market, making them the number one investment company in the world by regularly buying bitcoins.

I agree with you here. The disadvantage of making decisions based on current market trends is that it will lead to choices driven by emotions instead of proper learning and a long-term mindset. There is more to it. But I have to highlight this because it has been a path taken by so many failed investors. However, we are allowed to make our choice in the end.

Paying too much attention on the market price is literally an act of trying to predict the market and hereby ignoring the fundamental value of Bitcoin. There are some mistakes i believe some members in this discussion should not fall into.

[Dzwaafu11]

if someone is not financially stable, the DCA strategy is still always a flexible  way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent ).

Yeah. I believe with what you said, but remember DCA method is just a method of investing is  compulsory you must be investing everyday week or month is a method to invest because it is a easy one to invest in bitcoin, in DCA you can still invest anytime you have extra money that you wish to put in bitcoin investment but plan for a long time investment atleast 10 years before you think of taking profit.

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

Moreover, if you really want to invest in bitcoin and you want to wait till you are financially stable, then seriously, you will find it hard to do because when you think of waiting till you are financially stable, time is going, and you are missing opportunities of investing early. It’s better as someone who is planning for a good future; you should be able to remove some percentage from your earnings and invest in bitcoin.

[ginsan]

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

Hi sir, it seems you do not understand properly what DCA is, DCA is a routine purchase strategy that does not care about the price when executing it. So in weekly purchases of course if the purchase period has arrived we will buy it.

No one knows what the price of Bitcoin will be in 2025, whether it will go up stronger or even down is not certain because we still have one month left before we enter 2025. Because I am not good at analyzing price movements, I only hold one word that Bitcoin only has 21 million coins, so the longer it is, the rarer it will be and the price will increase with the push of high demand.

For that, I stick to the principle that I have planned where next year I will adjust or increase the budget to 15% for me to invest in Bitcoin.

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

I understand what your stating here, but I think its the wrong approach. DCA for me is not caring too much about the price that I buy at, its more about how much i can accumulate within my target for the year. So say I have a accumulation target of 0.1 BTC for 2025 and I forecast the average BTC price for 2025 at 150k I'm going to need to budget 15k(288/week). If the avg price goes up I'm gonna need to become aggressive and I need to figure out how agressive I can be, so maybe I draw line and say I can put in another 2k(38/week) to reach my accumulation target, or on the flip the avg price goes down I will accumalate more than 0.1 BTC with the intial 15k budget, and have 2k extra for out of schedule buys or maybe even a dip buy here and there.

The way I accumale is by setting yearly goals to get X BTC in that year. I have an over arching accumulation target that I'm trying to get too that plays into those annual goals. Whether its a bullish year or a bearish year doesn't impact my target setting, because it will balance out. There may some years(and there have been) where I over accumulated and I'm sure there will be years I under accumulate but as long as I get to my target or very close to it I feel I will be setup right for the future.

Hey Greyhats, Your statement is quite accurate, accumulation with DCA does not care about price because we buy consistently throughout the period we are targeting in long-term investment. But know, we need a deeper approach because we are still in the accumulation stage so there are several reasons to act more aggressively in accumulation in the coming year. This is not about forcing yourself but pursuing a target to reach a faster level in achieving accumulation goals, nor is it about satisfaction because of the investment we plan for the long term.

[DubemIfedigbo001]

Finally we are at 100k, a price we were looking for many months. Bitcoin once again achieved another high value, we can't say what lies ahead may be 150k or 200k or may be price goes back to 70k or 50k, everything is possible with Bitcoin. There is no guarantee of bitcoin price.
Those who have gathered enough bitcoins and see adequate profit may see some of there hodlings to enjoy profit before Christmas. Those who have just entered bitcoin must not sell just because price is above 100k and they are getting few bucks in profit.

The most exciting news is that the price of Bitcoin has now reached $100k. I have been expecting the day when I would be able to see the price of Bitcoin reach $100k since I have been hearing from people who are familiar with Bitcoin for a long time that it has reached $100k before. To be honest, with the huge change in the price of Bitcoin, this is fantastic news for long-time investors as well as those who bought more recently. Furthermore, only those who are unfamiliar with Bitcoin may sell off part of their holdings for the festive season or those who have been buying Bitcoin for the previous three years, it is not advisable for those who have not been accumulating Bitcoin for a year to sell any part of their holdings for the holiday season.

But this is only the beginning for Bitcoin, a bull run has been expected for the previous several months, but it is taking place at the end of the year. So those who haven't bought yet should do so immediately to continue building up, because Bitcoin could hit $150k by 2025, the earlier, the more profitable.

The market is not complete without weaker hands, I knew from intuition that there's going to be a sharp decline in price as soon as it gets to $100k because many people set their sell orders at $100k or slightly above it(down to my own friends). BTC was at $97k this morning, retraced to $95k yesterday and now stands at $101k . The good thing is that it has touched those prices(ATH of $104k) and it's going back there in no distant time as the bull run progresses. It seems $95k is now the new dip, lol. Good thing is that it's not late to invest, but the prices are higher now, meaning more money for less stashes. It's good to begin now because in no distant time this price would be some people's dip expectation and they still may not get it.

This validates to us investors that Bitcoin still got it's potential intact and should fuel our desire to being more serious with our DCA and get more aggressive if possible to accumulate more stashes of Bitcoin because it's obvious the future is massive.

[promise444c5]

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

You might have a stable income but don't have discretionary income, such person will not be able to invest in bitcoin talkmore of someone without a stable income, because if you don't have a discretionary income and you end up buying bitcoin, you will sell it when you are broke because you must take care of your needs for survival. If you don't have a stable income, you will not be able to build an emergency funds that will sustain your bitcoin investment in the long term.

Investing in bitcoin is just like saving your extra money in the bank for long to achieve something of valuable to you but when you are not financially stable, which money will you save in the bank, instead your bank account will be zero. Same applies to bitcoin.

There’s difference between saving and investing actually but that’s not the purpose of this thread…
DCA doesn’t mean buying every week or month , it’s just picking a specific interval comfortable for you to invest could be a day, 2 days, 5, 1 week, 2 weeks….and more  It depends on the investor to pick which is suitable for him/her, what really matter is consistency with the plan he/ she choses.
You don’t need a stable income to invest, why do you think strategy like DCA are been utilized by investors in the first place (flexibility),it helps with your investment journey… Normally,you invest to become financially stable , you don’t need to wait for stable income to invest in Bitcoin, start with the little  and once it’s stable you can always increase your plans . Hence, with the discretionary income thingy, having breaks could help to keep everything balance(use those breaks to build your emergency funds & likes ) and then once it balanced you can always resume… the subject  is investment is not an easy thing(remember  that) as I said earlier, it’s just your mindset, once you’re chases you will see the results(it’s not always now but future tells).

~

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

Moreover, if you really want to invest in bitcoin and you want to wait till you are financially stable, then seriously, you will find it hard to do because when you think of waiting till you are financially stable, time is going, and you are missing opportunities of investing early. It’s better as someone who is planning for a good future; you should be able to remove some percentage from your earnings and invest in bitcoin.

That’s just the point!

[Churchillvv]

Skilled and experienced Investors never wait to buy bitcoins, their goal is to buy bitcoins whenever they have money. For example, MicroStrategy has bought bitcoins at any moment in the market, making them the number one investment company in the world by regularly buying bitcoins.

Of course you're not wrong that skilled and experienced investors wait to buy bitcoin but mentioned microstrategy here makes your statement deviant a little bit because of microstrategy waits to invest in bitcoin he would have made his recent bitcoin purchase. This actions of course teaches newbies that it doesn't matter what the price of bitcoin is at the moment all you should be fixed on is building your portfolio to a good standard and if that's the goal then DCA is probably the best way to go about it because one must have examined themselves whether they would be able to buy bitcoin weekly or monthly.

Additionally, those who wait to buy bitcoin as you say are experienced people and such experienced people IMO must have reach a decent level of purchase that they now invest based on market trends or must during the bear market, but for a newbie that is still in his accumulation stage it's absolutely not advisable to wait for a good entry price to buy rather one should buy based on their discretionary income and buy as aggressively as they can when the capabilities are there as long as bitcoin is not a ponzi scheme newbies can be focused on building a good portfolio than gains.

[Nheer]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

There is no specific time to buy bitcoins but that doesn’t mean you should invest due to FOMO because that is the major mistake most new investors make especially at times like this when the market trend is going up. Most will want to come in and invest with the intention of making quick profit in a short period. Buying at anytime is not the issue because bitcoin will even surpass it’s current value but new investors should have in mind that the plan is to buy and hold for a long term not buy and expect quick profit to sell in a short time.

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

If you've planned your investment strategy, stick to it. Taking breaks can hurt your investment plan. Since you've chosen a weekly or monthly investment schedule, trust yourself to follow through. Discipline is key to successful investing.
With DCA, you've committed to investing a fixed percentage of your income. Stay disciplined and avoid breaks to achieve your long-term investment goals. you're in control of your investment amount, so there's no need to feel pressured or take a break.

[JayJuanGee]

[edited out]

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo. 

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness.  Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Investment is not in line with the conviction of rushing and to do this requires analysis of the environment.

A newbie does likely need to get started investing in bitcoin right away, yet surely their level of aggressiveness would partially relate to their understanding of bitcoin as compared with other assets, yet more importantly, they have to figure out various aspects of their cashflow, including figuring out how much discretionary income that they have, so yeah, maybe they would invest more whimpily if they have hardly any idea about what bitcoin is as compared with other assets, and then they can increase their level of aggressiveness as they learn more.. yet surely, I frequently suggest that people get started in bitcoin as soon as possible, and yeah they can adjust their initial position size down if they are still in the early stages of learning about what bitcoin is and how it compares with other assets and other aspects of bitcoin, including potentially investigating into various ways to source their bitcoins...learning about fees and perhaps various wallets in order to be able to remove BTC from the exchanges once it reaches a certain size of coins.

From the perspective that the market situation may be uncertain, you can first start with small savings within your tolerance and gradually increase the investment considering time and price.
/quote]

I doubt that newbies need to be giving too much consideration to BTC prices.  They have a lot of other things to figure out besides price, so price shouldn't cause much of a dilemma... Now maybe they are investing into bitcoin for several years and perhaps employing various kinds of accumulation techniques of DCA, lump sum buying and perhaps even buying on dips, and maybe even approaching a whole cycle, and surely at various points along the way, they might end up starting to learn about various matters related to BTC prices, yet it does not seem to be super relevant for someone how might ONLY be employing DCA.. if they are starting out with DCA, then they almost don't need to look at price at all, since price might even distract them from considering their other 9 individual factors.

Another common tendency for new investors is to be very impatient and greedy for getting high profits in a short period of time which does not allow it to be long-term. Every investor should be more patient from the expectation that investing in Bitcoin is only profitable so that it is tempting to save for the long term.

What do you mean by long term, Olatundespo?  Sure, you seem to be touching upon the difference between trading and investing, and surely newbies could get distractingly lured into trading rather than investing and thinking that they are investing, yet sure, if a person is accumulating bitcoin, then selling should not be part of that strategy since it does not really help out in the accumulation process.

I would think that even getting into bitcoin must be at least 4 years (or a whole cyle) to even be considered as investing rather than trading... but yeah, people have various definitions in regards to what they consider to be long term, so maybe you (Olatundespo) should describe with some more specifics in regards to what you consider to be long term and investing as compared with what you consider to be trading.

....... most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

I thought that that we usually say that the best time to buy bitcoin was yesterday, and the second best time to buy bitcoin is today.

Since we cannot turn back the clock, then that makes today the best time to buy bitcoin.. which largely means that anyone who has not started better get started as soon as possible, and waiting is not a strategy that helps in regards to making sure to get started ASAP.. rather than employing a less effective technique that involves waiting rather than acting.

I also accumulate Bitcoin with DCA but my strategy is more comfortable with weekly until now.
As I discussed earlier, I want to act more aggressively in 2025, Well maybe it takes adaptation to launch the program on the accumulation that I planned in 2025. I have prepared various considerations, where this year I budgeted 11.2% of my income to invest in bitcoin and in the thoughts that I have planned of course I want to increase it to 15% in 2025. Hopefully it can go according to expectations and planning that I have set.

Will not be too aggressive in 2025 as prices may increase considerably, will still have the usual allocation to DCA maybe weekly or monthly which was done previously in this accumulation.

I think the DCA that becomes aggressive after the bullish phase ends, then it is in the percentage will be more done by me in the future, but for now as we know bitcoin will increase still accumulation is done every month.

Yeah, but you have been in bitcoin more than 9 years, so maybe you can afford to NOT be aggressive?

Are you trying to suggest that others should not be aggressive if they are new to bitcoin?

[edited out]

Of course. Income-based investing is the basis for adopting the time and DCA strategy. You should formulate an aggressive buying strategy based on your sufficient income source, otherwise you may fall behind long before reaching the point. This is another name for complete and financial freedom through which investors can accumulate (BTC) holdings of any size within their means. That is why I am more confident in the DCA strategy and through it the sky-high dream is achievable.

You are still not being very clear, Olatundespo.

Of course, if you are fairly new to bitcoin, then you should be mostly focusing on accumulating bitcoin through buying for several years, and you have ONLY been registered on the forum for less than a year, so I imagine if you have ONLY been accumulating bitcoin for less than a year, then you still have a lot of accumulating of BTC that you need to do.

Another thing that I like to discuss is how much a person is able to invest from his income, is it 5%, 10%, 25% or some other amount, and Surely the higher the percentage, then the more that you will be able to reach higher levels of BTC accumulation levels, yet even the most aggressive investor who might be able to invest 25% of his income into bitcoin, it still may well end up taking that investor 4 years to be able to invest a whole year's worth of income into bitcoin... and your level of your income or your level of your expenses can be used to measure your progress and if you are reaching your goals in terms of how much you have invested into bitcoin.  So sure you have the amount that you invested over time, and then you have the amount that the investment might have changed in value due to the changes of bitcoin prices and also the changes of your cost of living (the debasement of the dollar or whatever fiat you are using to pay your expenses).

There are ways to attempt to describe BTC accumulation goals that you might have, yet at the same time there is likely quite a few variables that change through time, so that even if you are investing as aggressively as you are able to invest, it can still take a long time to even get to a point of having had invested a whole years worth of your income (or maybe the value of your expense), so then you might be able to measure how long you might be able to live off of either the principle or maybe better yet if you are able to figure out if you might be able to live off of the income (the value increase) rather than drawing down the principle.

Many people have difficulties consistently saving and/or investing even 10% of their income, yet that still would take 10 years to reach the total cumulative investment of a whole years worth of income if you are only able to invest 10% of your income into bitcoin... so each of us should be attempting to be realistic in regards to how much we are able to invest, how much time it might take, and even bitcoin can have extended periods of volatility that can screw up our abilities to get too specific in our description of our various accumulation goals.

if someone is not financially stable, the DCA strategy is still always a flexible  way of investing.. all you have to do is invest according to your budget without stressing it, if there’s a need to take breaks within you can do that to balance it, it’s your investment (just make sure you’re consistent ).

Yeah. I believe with what you said, but remember DCA method is just a method of investing is  compulsory you must be investing everyday week or month is a method to invest because it is a easy one to invest in bitcoin, in DCA you can still invest anytime you have extra money that you wish to put in bitcoin investment but plan for a long time investment atleast 10 years before you think of taking profit.

You are contradicting yourself, You are forgetting something that DCA is buying bitcoin every week or month with consistency and persistently overtime without a break. Someone who is not financially stable will not be able to carry out DCA practice in his bitcoin accumulation journey. Don't forget that a stable source of income is needed for anyone that want to start his bitcoin investment, because you are only to be buying and building regularly for 4-10 years and above.

Not really. Even with the DCA method of investing in bitcoin, you can still take a break. Just because you are using the DCA method to invest in bitcoin doesn’t mean you must be investing all the time. DCA is just a method of investing in bitcoin.

The DCA method did not have any rules, and you must be investing nonstop. The truth is that you can still take a break when you feel that you don’t have enough money to invest at the moment, and they continue when you are balanced.

Moreover, if you really want to invest in bitcoin and you want to wait till you are financially stable, then seriously, you will find it hard to do because when you think of waiting till you are financially stable, time is going, and you are missing opportunities of investing early. It’s better as someone who is planning for a good future; you should be able to remove some percentage from your earnings and invest in bitcoin.

You are correct Dzwaafu11 that DCA does not prescribe whether an investor chooses to employ such DCA in a whimpy way or in an aggressive way, so yes, each person can choose his level of aggressiveness in regards to the frequency and the quantity of his BTC purchases.

[Zanab247]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Considering the current market price can help investors to make a good decision, that will bring good profit to them in the future, hope you know that, this is decentralized investment which anything can happen at anytime for people to change their decision toward the situation in the market. Investors should know that buying BTC in the bear run give people more opportunity to earn massive profits from the market, when the bull run occur in the market, you can see the majority of investors that are happy in this current price that hit $102k few days ago, and those are the investors that took their decision to buy BTC when the price was low some years ago before they decided to trade them in this bull season.

You can buy BTC all the time when you are financially buoyant, don't forget that all investors are not equal in this industry, and it will be favourable to buy BTC in the bear run because there is a chance for investors to boost their profits in the bull season.

[Tmoonz]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Considering the current market price can help investors to make a good decision, that will bring good profit to them in the future, hope you know that, this is decentralized investment which anything can happen at anytime for people to change their decision toward the situation in the market. Investors should know that buying BTC in the bear run give people more opportunity to earn massive profits from the market, when the bull run occur in the market, you can see the majority of investors that are happy in this current price that hit $102k few days ago, and those are the investors that took their decision to buy BTC when the price was low some years ago before they decided to trade them in this bull season.

You can buy BTC all the time when you are financially buoyant, don't forget that all investors are not equal in this industry, and it will be favourable to buy BTC in the bear run because there is a chance for investors to boost their profits in the bull season

Prioritizing buying Bitcoin during the bear run and considering profits in the bull sounds more like some worth way of trading for short term profit maximization and this can be misleading to newbies who are meant to make investment decisions in Bitcoin without considering the market conditions. Because it is Bitcoin we are talking about when you buy is not important the most important is that you are buying irrespective of the market conditions and hold for as long as necessary, whether in bear or bull run is always advisable to maximize every buying opportunities to increase the size of your Bitcoin up to a reasonable amount and hold for at least 4 to 10 years time line.

[Ruttoshi]

Technically this might not be a good advice for a newbie, making an investment decisions based on the current market trend is not actually a good one,

It is not really good to make investment decisions based on current market trends, your comment may be confusing for new investors. One of the first few things that a new investor should know before starting to invest is buying bitcoins immediately. Many of the biggest investors in the world and most of the members of this thread have repeatedly said that Bitcoin can be bought all the time, there is no special moment or best time to buy Bitcoin.

Considering the current market price can help investors to make a good decision, that will bring good profit to them in the future, hope you know that, this is decentralized investment which anything can happen at anytime for people to change their decision toward the situation in the market. Investors should know that buying BTC in the bear run give people more opportunity to earn massive profits from the market, when the bull run occur in the market, you can see the majority of investors that are happy in this current price that hit $102k few days ago, and those are the investors that took their decision to buy BTC when the price was low some years ago before they decided to trade them in this bull season.

You can buy BTC all the time when you are financially buoyant, don't forget that all investors are not equal in this industry, and it will be favourable to buy BTC in the bear run because there is a chance for investors to boost their profits in the bull season.

There's no doubt that buying bitcoin during the bear season will give you more profits, but it will be a dumb idea for a brand new investor who wants to start his bitcoin journey and has the money to start right away should start waiting for the bear market when no one knows when it will come and how much will be the bottom line of the bear market. This is why there's no need waiting because you are already late to bitcoin, the new investor should get started immediately and continue buying with DCA regularly for 4-10 years and above, so that he can be buying bit by bit and grow his bitcoin stash overtime.

However, I also want you to know that new investors don't need to be timing the market for cheap price because he is after how much profit he will make in the next bull run because he will can get distracted and be playing with his bitcoin journey slowing the increase of his bitcoin portfolio. Since they're on a long-term drive, only consistency and persistence in their bitcoin accumulation in a long-term will give him good quantity of bitcoin in the long run, and your profit in future depends on the size of your bitcoin portfolio.

Bitcoin price is not too expensive that you should be waiting for the bear market, because the more you are waiting, the more you are missing out the opportunity in the market. Bitcoin price waits for no man. Get started immediately, if you have the money and you wouldn't regret your actions as long as you are investing in a long term. Use the DCA strategy to buy bitcoin instead of waiting for the dip because you are still a no coiner.

[Olatundespo]

[edited out]

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo. 

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness.  Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

[Zackz5000]

[edited out]

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo. 

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness.  Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

There is nothing wrong if an investor chooses to buy aggressively if your discretionary income is capable to do so it is your discretionary income that will determine how aggressively you want to buy but don't over do it if your discretionary income is not enough to carry your Bitcoin accumulation in a way that it will affect your personal living you can also increase your Bitcoin stack gradually by dacing either weekly or monthly regardless of Bitcoin price and continue to hodl.

[Notalony]

[edited out]

In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo.  

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness.  Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

I have been going through this thread for quite some time now without posting, but on seeing this and with the little I have learnt here, there is nothing wrong buying aggressively without over doing it even when the price of Bitcoin is high but it must be within your discretional income. What is your definition of high BTC price when we know that what is considered to be high price today can seen as a dip price tomorrow, perhaps you are only buying a fraction just buy as much as you can without over doing it, these are one of the things i have learnt here.

[CageMabok]

I have been going through this thread for quite some time now without posting, but on seeing this and with the little I have learnt here, there is nothing wrong buying aggressively without over doing it even when the price of Bitcoin is high but it must be within your discretional income.

It is clear because every step that has more complete consideration based on each person's ability is very worthy even though others may see it as an aggressive action. But as long as you are able to do it very well without any objections and difficulties because of it, I think there is no problem to think about, especially if your own goal is to buy and collect more Bitcoin without any target to sell it in the near future. In addition, we can all also see how the rich people who continue to buy Bitcoin without fear and companies who still see Bitcoin as an important asset to buy so we can also follow their steps and be brave to buy Bitcoin without looking at high or low price levels.