Buy the DIP, and HODL!

[DaNNy001]

Another worrisome thing about buying and holding Bitcoin is fear. This is the reason why a person needs to equip him or her self with the basic knowledge of crypto and bitcoin.

You don't need to have fear in you if you want to invest in bitcoin because it's not a ponzi scheme but a long-term investment that you can take your time and build your investment portfolio based on the amount of discretionary income that you have. Are you not use to saving part of your income for a long time just to buy something of value to you.

FEAR is what separates the children from men in the world of investment especially when you have all the evidence showing in front of you to acertain the surety of Bitcoin when it comes it purpose as investment.

Like the advice has already been given, it's best you start up small with an amount you can afford to spare that wouldn't cause you any hassle and then slowly constantly build up your portfolio by buying steadily with that amount and this practice will help boost your confidence as you ride further because for a lot of potential great investment that might have been, it was fear and procrastination that withheld them from taking that bold step.

Also patience and understanding that what you are doing is not something that's gonna yeild you profit in an instance is very important because at the long run if the proper sets up like emergency funds to enable fight the temptations that could come in tempering with your savings is also needed in your investment journey and believe me if you start up and gain momentum and continue with it at the end of the tunnel they will definitely be light be your own comprehension.

[sotelorene]

[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.

You are absolutely right, some people don't know that's why they are selling their Bitcoin hoping for it to dip for them to buy again not knowing that it is possible for Bitcoin to skyrocket or pump from this point and then dip maybe the previous point it pump from or it may not even dip to that point. Even if someone invested in Bitcoin some months ago before Bitcoin take this uptrend one shouldn't sell all his or her coin perhaps they should just sell some and still leave some and later continue there accumulation and holding so that it won't be like they are starting afresh because starting afresh is always hard and it requires a lot of determination and of course consistency to grow back again.

[Pi$$]

FEAR is what separates the children from men in the world of investment especially when you have all the evidence showing in front of you to acertain the surety of Bitcoin when it comes it purpose as investment.

Thats an interesting way to put it "fear separates the children from men". But let me challenge you here. Its not about being a man or a child. Calling it a “child versus man” thing might make some people feel like they have to act tough, but in reality, investing rewards those who think things through, not those who act impulsively.

When we talk about fear being a hindrance in starting a Bitcoin investment its differentiate between one who is ready/prepared and one who's not. If you have all the  evidence from the current increase of Bitcoin reaching 100k in front of you, fear shouldn't be a something to stop us from investing.

Investing isn't a test of bravery, strength, or machismo. Its more about having the right information, a good strategy, and the consistency to accumulate and follow through even when things dont go as we planned it.

[promise444c5]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

[As-Soon-As]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

That is why you have to take risks to invest and believe in Bitcoin, have you ever completed any work in your life without taking risks? I know that no work can be completed without taking risks. Just as all investors who are afraid to invest in Bitcoin will refrain from investing even if Bitcoin comes at a very low price, but those who are brave and risk-takers will definitely invest in Bitcoin at any moment if they have money.
Investing in Bitcoin requires courage and patience, which you can capitalize on to survive the investment, because in the past, when the price of Bitcoin was low, fearful investors were never able to invest, and they are only regretting it now.

[Obari]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

I doubt if fear is what is holding people back and from my little survey from the people around me, I think one major reason a lot of people are not investing is because of lack of investment capital, regardless of the presence of DCA method, a lot of people don’t still have the privilege to invest because you’ll agree with me that, some people bear survive and survive from hand to mouth and it will be very difficult for such a person to invest and I also had a thread about this same issue that, knowledge without money in the cryptocurrency industry is a waste because it ends up making one lose a lot of opportunities.

I believe there is always hope in the industry and for all those who can hold, please do as there is always a smile at the end of it as it is always worth it and for all those who can DCA, please also do without looking back.
Regardless of whatever you want, always invest what you can afford to lose .

[JayJuanGee]

[edited out]

Investing isn't a test of bravery, strength, or machismo. Its more about having the right information, a good strategy, and the consistency to accumulate and follow through even when things dont go as we planned it.

Investing relates to action rather than just thinking about it... so come up with a plan and execute... The execution does not need to be bold, but it can be $10 per week and then work your way up to larger amounts, and so we see so many folks through the years who fail/refuse to execute and they end up being too busy trying to figure out their entry point and other kinds of irrelevant matters related to price and/or whether they are in profits in the beginning.  They could spend 2-3 years or longer buying bitcoin and not be in profits, ye there is still something valuable in regards to action and buying bitcoin ongoingly, persistently, consistently and perhaps even somewhat aggressively once they have their back up cash systems in place and they get more used to their ongoing buying of bitcoin, whether it is weekly or otherwise..

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

That is why you have to take risks to invest and believe in Bitcoin, have you ever completed any work in your life without taking risks? I know that no work can be completed without taking risks. Just as all investors who are afraid to invest in Bitcoin will refrain from investing even if Bitcoin comes at a very low price, but those who are brave and risk-takers will definitely invest in Bitcoin at any moment if they have money.
Investing in Bitcoin requires courage and patience, which you can capitalize on to survive the investment, because in the past, when the price of Bitcoin was low, fearful investors were never able to invest, and they are only regretting it now.

It sounds problematic to be describing bitcoin as taking risk, when you are likely taking way more risk if you are not investing into bitcoin.  Sure you have to learn things in bitcoin, and sure you have to figure out how to take action, including finding out how to source your coins and also figuring out how much of your discretionary income you are going to use to buy bitcoin on a weekly basis or whatever might be your investing timeline.

[Samlucky O]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

Surely Being skeptical to FOMO and refusing to buy back  is a major problem to most people and of course it's not only newbies but to some old investors. I believe the fear of uncertainty that results of selling to quickly (FUD) is base on ignorant and  not having a prerequisites knowledge about bitcoin. Sometimes self doubt and procrastination on when best to buy bitcoin is a problem  that stagnates an investor with such mindset. Most times I see such people as gulibles. And they too many but believe me whether gullible or no gullible people bitcoin will do better but we have to change our mindset and follow the right part and avoid being part of the gullible people.

Anyone who want to do better in his or her bitcoin investment should invest without considering the best time to buy bitcoin because there is no perfect time to buy bitcoin.

[sportbitcoin]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

[SuperBitMan]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

That is why you have to take risks to invest and believe in Bitcoin, have you ever completed any work in your life without taking risks? I know that no work can be completed without taking risks. Just as all investors who are afraid to invest in Bitcoin will refrain from investing even if Bitcoin comes at a very low price, but those who are brave and risk-takers will definitely invest in Bitcoin at any moment if they have money.
Investing in Bitcoin requires courage and patience, which you can capitalize on to survive the investment, because in the past, when the price of Bitcoin was low, fearful investors were never able to invest, and they are only regretting it now.

It sounds problematic to be describing bitcoin as taking risk, when you are likely taking way more risk if you are not investing into bitcoin.  Sure you have to learn things in bitcoin, and sure you have to figure out how to take action, including finding out how to source your coins and also figuring out how much of your discretionary income you are going to use to buy bitcoin on a weekly basis or whatever might be your investing timeline.

Bitcoin is risky, no one is certain what will happen in the future if it will keep growing or not so investing and not investing in Bitcoin are risky, when you don't invest now and later on in the future Bitcoin grew to a million you will regret not investing and if you invest now and later on in the future Bitcoin start dropping in price and value you will regret investing in it.
Now among this two which is more risky?
The most risky one is not investing, the reason why I said so is because the money you use to accumulate Bitcoin is actually your Discretionary income and your Discretionary income is the portion of your income that can be spent on non-essential items, such as wants, rather than necessities like food, clothing, mortgage, electric bill, water etc. Which means you could use your Discretionary income for fun for example going to parties just like some people do but you decide to invest part of that discretionary income on accumulating Bitcoin which may help you grow financially in the future.
Part of that money you are taking out week or monthly from your Discretionary income to accumulate Bitcoin is something that won't affect you financially so is less risky than not using it to accumulate Bitcoin.

[MusaPk]

Already at 100k and it will go further up from here but we might see some correction in price, be ready for that if that happens.  

How are we going to be ready?  You are just saying mentally ready or are you suggesting some other kinds of preparations for corrections?

Apart from mental readiness, one must have some spare cash in hand that can help in buying Bitcoin if it falls back. After spending few years in bitcoin I am ready for all sort of ups and down. My trust in bitcoin is that it will go up in the long run.

The way Bitcoin is going on at the moment it defiantly looks like it will hit 150k or 200k very soon. Being an analyst of Bitcoin price pattern for last few years, its my analysis that such huge rally is not possible and we might see correction in price anytime soon. Bitcoin is very ruthless in going bearish from bullish. In any case, we must be ready for all possibilities since we have seen lots of ups and downs of Bitcoin. Keep some cash ready in your wallet in case price goes down.

Your analysis sounds pretty weak.  hahahahahaha

You are correct that the BTC price goes up and it can come crashing down, especially when it goes up very quickly in a short period of time.

Part of the problem that I see with your current analysis is that you are stating a widely believed perspective that seems to cause it to be less likely to come true.

Do you really think that the market is going to allow a bunch of newbies, traders and likely weak hands to come into bitcoin and then sell most if not all of their BTC at or around $100k and then conveniently be able to buy it all back at 15% to 25% cheaper.  Bitcoin crashing at or around the place that so many weak hands are selling way too much too soon makes little to no sense to me, even though sure it is possible that it could happen, but it is not my base case.

My base case would be at least another 15% to 25% up from here, and then maybe a crash at that time (and maybe not).  I hate to get too tied up in any specific scenario since it is best practice to always be prepared financially and psychologically for either direction, yet how any of us prepares depends on where we are at with our bitcoin accumulation, and so I am surely not referring to trying to trade as a way to prepare.

To me, it sounds like you might be talking your book.  You already sold a decent amount in order to be prepared, and you are planning to buy back around $85k or whatever.  Hopefully it works out for you and you are not getting distracted away from what should be your ongoing BTC accumulation focus.. which I would suggest at most just keeping a bit of extra cash to buy potential dips, while not really expecting any kind of dip around these here parts... but, hey whatever.  You do you.

Weak hands are called weak for a reason. Trust me if they sell at 100k and bitcoin goes down by 10 or 20% these weak hearted people won't have the courage to buy Bitcoin at that dip. It's seen that whenever bitcoin goes up, new comers join in to book there profit while when market goes down they start saying Bitcoin is going to zero.
I have a plan with me which I have taken from here regarding bitcoin accumulation. I have to sell little of my holdings with time to meet my expenses but my major focus is still on accumlation.

[Tmoonz]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

The dca strategy is very much simpler than how are you presenting it since it requires buying at different intervals either weekly or monthly it naturally mitigates the impact of market volatility because you must have bought in different price points and because you are still holding your coins without selling you don't have to start counting losses since the intention is to buy and hold for as long as necessary possibly 4 to 10 years or more.

[Barikui1]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

The dca strategy is very much simpler than how are you presenting it since it requires buying at different intervals either weekly or monthly it naturally mitigates the impact of market volatility because you must have bought in different price points and because you are still holding your coins without selling you don't have to start counting losses since the intention is to buy and hold for as long as necessary possibly 4 to 10 years or more.

Yea that's it, as long as you are actually buying for long term purpose, it's a major plus, because we are still in the early days of Bitcoin, and due to it huge and promising potential, It can go as high as a million dollar in the future, so buying it now that it's still cheap regardless of it current price is actually ideal because you are only looking at the bigger picture of it, the value it might get up to on the longer run.
So while buying Bitcoin through the DCA accumulating strategy, consistency is very much of a key, so as to increase the stash of Bitcoin in your possession, because the stash of Bitcoin you have determine how profitable and how successful you might eventually be in building a generational wealth.

[JayJuanGee]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

You are choosing to combine DCA with buying on the dip, and sure there might be some value in that both psychologically and financially, yet it is not guaranteed to be better to be holding back value rather than buying more aggressively with your DCA.. ... yet for sure they are discretionary issues whether you buy everything through regular DCA or you hold back some value for buying on dips.

Your forum registration shows that you came here in October 2023, which was around the beginning of our latest rush upwards, and surely if you had invested as much as you could in October 2023, you would have been better of than DCAing.. yet at the same time, many of us recommend DCA since it tends to be amongst the best of BTC accumulation methods in terms of practicality, especially since a lot of regular people do not tend to have large sums of value that they can lump sum invest into bitcoin, so it tends to be better for them to buy as much BTC as they can soon after their money comes available... or some other variation of DCA that might pace the buys out on a reasonable basis throughout the month as they might resolve some of their expenses and determine how much extra cash that they have available at various points of time throughout each month.

Your mere assertion that you are smarter because you are not following a strict DCA approach is not necessarily true, since it may well end up contributing to your waiting or strategizing your BTC buys based on anticipations of BTC price moves that do not end up playing out.. so for example, you hold back a bunch of value anticipating a dip, and the BTC price does not dip, so either you are left with the fiat, or you are left buying BTC at higher prices or perhaps you just become disgruntled and trying to double down to prove yourself smarter than everyone else, when you would have had been better off just to keep up your regular and ongoing buying of BTC persistently, consistently and perhaps even aggressively.

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

That is why you have to take risks to invest and believe in Bitcoin, have you ever completed any work in your life without taking risks? I know that no work can be completed without taking risks. Just as all investors who are afraid to invest in Bitcoin will refrain from investing even if Bitcoin comes at a very low price, but those who are brave and risk-takers will definitely invest in Bitcoin at any moment if they have money.
Investing in Bitcoin requires courage and patience, which you can capitalize on to survive the investment, because in the past, when the price of Bitcoin was low, fearful investors were never able to invest, and they are only regretting it now.

It sounds problematic to be describing bitcoin as taking risk, when you are likely taking way more risk if you are not investing into bitcoin.  Sure you have to learn things in bitcoin, and sure you have to figure out how to take action, including finding out how to source your coins and also figuring out how much of your discretionary income you are going to use to buy bitcoin on a weekly basis or whatever might be your investing timeline.

Bitcoin is risky, no one is certain what will happen in the future if it will keep growing or not so investing and not investing in Bitcoin are risky, when you don't invest now and later on in the future Bitcoin grew to a million you will regret not investing and if you invest now and later on in the future Bitcoin start dropping in price and value you will regret investing in it.
Now among this two which is more risky?
The most risky one is not investing, the reason why I said so is because the money you use to accumulate Bitcoin is actually your Discretionary income and your Discretionary income is the portion of your income that can be spent on non-essential items, such as wants, rather than necessities like food, clothing, mortgage, electric bill, water etc. Which means you could use your Discretionary income for fun for example going to parties just like some people do but you decide to invest part of that discretionary income on accumulating Bitcoin which may help you grow financially in the future.
Part of that money you are taking out week or monthly from your Discretionary income to accumulate Bitcoin is something that won't affect you financially so is less risky than not using it to accumulate Bitcoin.

It sounds like you are arguing against yourself, and I stick to my original position that using the term risk is problematic, and you even pointed out that the bitcoin investor can figure out position size in order to mitigate risk.

Already at 100k and it will go further up from here but we might see some correction in price, be ready for that if that happens.  

How are we going to be ready?  You are just saying mentally ready or are you suggesting some other kinds of preparations for corrections?

Apart from mental readiness, one must have some spare cash in hand that can help in buying Bitcoin if it falls back. After spending few years in bitcoin I am ready for all sort of ups and down. My trust in bitcoin is that it will go up in the long run.

Sure, if you have figured out some kind of a balance that works out for you in terms of the amount of cash that you hold back, just in case, then that is for you to determine.

At the same time, it may not be a great idea to hold back investing in bitcoin, so surely you must decide your own comfort level and live with the consequences in regards to whatever ends up happening in regards to how much bitcoin you are buying regularly versus how much dollars (or whatever your fiat might be) you might be holding back for the purpose of buying dips.

The way Bitcoin is going on at the moment it defiantly looks like it will hit 150k or 200k very soon. Being an analyst of Bitcoin price pattern for last few years, its my analysis that such huge rally is not possible and we might see correction in price anytime soon. Bitcoin is very ruthless in going bearish from bullish. In any case, we must be ready for all possibilities since we have seen lots of ups and downs of Bitcoin. Keep some cash ready in your wallet in case price goes down.

Your analysis sounds pretty weak.  hahahahahaha

You are correct that the BTC price goes up and it can come crashing down, especially when it goes up very quickly in a short period of time.
Part of the problem that I see with your current analysis is that you are stating a widely believed perspective that seems to cause it to be less likely to come true.

Do you really think that the market is going to allow a bunch of newbies, traders and likely weak hands to come into bitcoin and then sell most if not all of their BTC at or around $100k and then conveniently be able to buy it all back at 15% to 25% cheaper.  Bitcoin crashing at or around the place that so many weak hands are selling way too much too soon makes little to no sense to me, even though sure it is possible that it could happen, but it is not my base case.

My base case would be at least another 15% to 25% up from here, and then maybe a crash at that time (and maybe not).  I hate to get too tied up in any specific scenario since it is best practice to always be prepared financially and psychologically for either direction, yet how any of us prepares depends on where we are at with our bitcoin accumulation, and so I am surely not referring to trying to trade as a way to prepare.

To me, it sounds like you might be talking your book.  You already sold a decent amount in order to be prepared, and you are planning to buy back around $85k or whatever.  Hopefully it works out for you and you are not getting distracted away from what should be your ongoing BTC accumulation focus.. which I would suggest at most just keeping a bit of extra cash to buy potential dips, while not really expecting any kind of dip around these here parts... but, hey whatever.  You do you.

Weak hands are called weak for a reason. Trust me if they sell at 100k and bitcoin goes down by 10 or 20% these weak hearted people won't have the courage to buy Bitcoin at that dip. It's seen that whenever bitcoin goes up, new comers join in to book there profit while when market goes down they start saying Bitcoin is going to zero.
I have a plan with me which I have taken from here regarding bitcoin accumulation. I have to sell little of my holdings with time to meet my expenses but my major focus is still on accumlation.

If you are still accumulating then you should not be selling, but hey whatever, you can do what you like.  If you are forced to sell regularly, then that likely means that you bought too much and also that you are trading (gambling) versus investing (at least with that portion of your holdings), and sure I don't see any problem if you at least limit the amount of trading/gambling that you are doing and keep your eyes on the prize which is bitcoin.

[Tungbulu]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

You are choosing to combine DCA with buying on the dip, and sure there might be some value in that both psychologically and financially, yet it is not guaranteed to be better to be holding back value rather than buying more aggressively with your DCA.. ... yet for sure they are discretionary issues whether you buy everything through regular DCA or you hold back some value for buying on dips.

You’re absolutely right.
Holding back some value for buying the dip may potentially result to missing out on some rare opportunities that occurs in the market when/if the market continues to rise. Additionally, since the market is so unpredictable and we’re not always able to accurately predict its future outcome, Bitcoin investment is like travelling across a frozen lake covered with fog, you never know where the next step might lead you, so you can’t really predict if your next step would crack the ice or not, you might as well not know when exactly it’ll take you to cross to the other side. It’s filled with the unpredictability and that’s exactly why we need to adopt the DCA as this gives us the opportunity to keep our emotions in check, regardless of whatever turn the market may decide to take.
If we decide to wait for DIPs before we can buy, we might end up waiting longer than anticipated, the next DIP might even come after an unending bull run and you end up regretting why you held back in the first place.

But then again, the decision to combine both the DCA with the buying the dip strategy or to just stick with the traditional DCA accumulation strategy is ultimately a discretionary one as it should solely dependent on individual investment goals, market outlook as well as risk tolerance.
Just as you’ve rightly noted, one must first of all weigh and consider the potential benefits and drawbacks of each strategy as this helps us to make a better evaluation of the situation and realize whether or not it suits our personal financial goals before adopting them, not just because we see that someone else has adopted that very strategy and worked pretty well for them.

[Justbillywitt]

You are absolutely right, some people don't know that's why they are selling their Bitcoin hoping for it to dip for them to buy again not knowing that it is possible for Bitcoin to skyrocket or pump from this point and then dip maybe the previous point it pump from or it may not even dip to that point. Even if someone invested in Bitcoin some months ago before Bitcoin take this uptrend one shouldn't sell all his or her coin perhaps they should just sell some and still leave some and later continue there accumulation and holding so that it won't be like they are starting afresh because starting afresh is always hard and it requires a lot of determination and of course consistency to grow back again.

An investor who started his investment few months ago has nothing to do with selling part or all of his bitcoin, unless the person is just chasing after the few bucks and that's not encouraging at all for someone who has the mindset of long term hold, or call himself an investor. Even if the person starts his accumulation journey again at some point as you are saying, the person will still sell off, if there is also a future little gains, outside of his maturity date. If it happens that few months or one year later and there is another upward trends, the person will also sell and that's not how investor should behave. An investor who started his investment journey few months ago, has no business with selling not even one Satoshi of his bitcoin that has been accumulated. The focus should only be buying and should not be tempted with any little profits seen so far. People who thinks like that, or behaves that way are purely traders and they shouldn't confuse themselves as investors and people should not also refer to them as investors. And I don't think it's a good advice to give to someone in a thread like this, so that we don't confuse newbies who might be vulnerable to such an unhealthy advice.

[Mayor of ogba]

Another worrisome thing about buying and holding Bitcoin is fear. This is the reason why a person needs to equip him or her self with the basic knowledge of crypto and bitcoin.

George S. Clason in his book the richest man in Babylon stressed on the need to invest only in the ventures you have knowledge about. In my few years into crypto I have come to realise that it's not just about loosing your assets, one can also develop a mental fatigue while following the market. This is why indebt knowledge is the key to understanding that bitcoin has come to stay and can only head up no matter how low fear could make someone envisage.

Investing in bitcoin means one must be ready to hold the it  if he so wishes to taste real wealth that comes thereof. For me I trust that bitcoin is the future of our global economy.

There's no fear in investing in bitcoin if you use the money you can afford to lose and invest in bitcoin or if you use the money you will not need for 4-10 years or more because it will not stop you from sorting out your daily expenses, which might lead you to sell your bitcoin even though you are at a loss to survive. Bitcoin investment is totally different from other investments; even though you don't have clear knowledge about bitcoin, you can still invest in it and still learn about bitcoin in your accumulation journey. For you not to develop metal fatigue, it will be better if you stick with investing in bitcoin for the long term and change your mindset from investing in shitcoins or altcoins because you will lose your money, and you will also develop mental fatigue. It will be better if you focus more on your learning process rather than trying to teach us in the forum so that you will not get it wrong about bitcoin, which will also help to know how wasteful and stressful it is in putting your money in shitcoins or altcoins.

[SuperBitMan]

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.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

You are choosing to combine DCA with buying on the dip, and sure there might be some value in that both psychologically and financially, yet it is not guaranteed to be better to be holding back value rather than buying more aggressively with your DCA.. ... yet for sure they are discretionary issues whether you buy everything through regular DCA or you hold back some value for buying on dips.

You’re absolutely right.
Holding back some value for buying the dip may potentially result to missing out on some rare opportunities that occurs in the market when/if the market continues to rise. Additionally, since the market is so unpredictable and we’re not always able to accurately predict its future outcome, Bitcoin investment is like travelling across a frozen lake covered with fog, you never know where the next step might lead you, so you can’t really predict if your next step would crack the ice or not, you might as well not know when exactly it’ll take you to cross to the other side. It’s filled with the unpredictability and that’s exactly why we need to adopt the DCA as this gives us the opportunity to keep our emotions in check, regardless of whatever turn the market may decide to take.
If we decide to wait for DIPs before we can buy, we might end up waiting longer than anticipated, the next DIP might even come after an unending bull run and you end up regretting why you held back in the first place.

But then again, the decision to combine both the DCA with the buying the dip strategy or to just stick with the traditional DCA accumulation strategy is ultimately a discretionary one as it should solely dependent on individual investment goals, market outlook as well as risk tolerance.
Just as you’ve rightly noted, one must first of all weigh and consider the potential benefits and drawbacks of each strategy as this helps us to make a better evaluation of the situation and realize whether or not it suits our personal financial goals before adopting them, not just because we see that someone else has adopted that very strategy and worked pretty well for them.

Yeah you are very correct I love this point, a lot of people in this forum always try to impose a certain strategy on a newbie forgetting that everyone has there different financial strength, as a newbie all you have to do is to consider the advantage and disadvantage of the every strategy if it will suit our financial strength, if we do this and choose the best that will suit our financial strength we won't have issues later in the future, some set of people that started this journey of Bitcoin investment with me has dropped because they couldn't keep up with the strategy they started with.
I know of someone who is into Bitcoin investment and he is using buying in the dip strategy and he said that was the only strategy he could think of so I introduced all the type of accumulation strategy we have in Bitcoin investment and explained it to him very well and at the end of the day he went with DCA strategy.
Good understanding about all strategy will make someone pick the right one that suits him or her financially.

[Y3shot]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.

[Jewan420]

~

Yet I can assure you that Fear is what is holding most of the investors who are yet to invest, back to investing in Bitcoin, they believe one day it will crash just as they've been believing since Bitcoin @10k I hope they know they facked up when it hit the recent 100k...

If fear is the reason why some people are still yet to invest it means bitcoin investment is not for them and they can never invest bitcoin in fears. Let those who have the understanding of bitcoin continues with the opportunity of buying more bitcoin and hodl. Those who are scared of buying bitcoin in due time they will have the understanding and learn from their mistakes. If people are scared of buying bitcoin it means they have no understanding of what bitcoin is and you can't do anything about  it.

It is natural for a person to be careful with his money. Just because someone is afraid to invest in Bitcoin does not mean that he does not need to invest. You should have been gentle with this statement.

It is natural that someone who is afraid to invest in Bitcoin may not have basic knowledge or any knowledge about Bitcoin. If he knew Bitcoin or had good knowledge about Bitcoin, he would not be afraid to invest in Bitcoin.

If a person is afraid to invest in Bitcoin, then I support his fear. I would advise him to learn about Bitcoin and gain knowledge about the risks of investing in Bitcoin. If you do not know about Bitcoin, then you will express a negative attitude towards Bitcoin, which is completely wrong. Knowing about Bitcoin does not mean that you have to invest. After gaining knowledge about Bitcoin, you will be able to make the right decision. Maybe your fear about Bitcoin investment will be gone and you will enter into investment with awareness.