Buy the DIP, and HODL!

[ginsan]

Sure.  Figuring out some kind of a reasonable way to sell some BTC on the way up while still mostly HODLing would not be a bad idea if it could be put into practice, including that it is true that many folks end up selling too much of their BTC too soon, yet even a person with a thousand bitcoin in mid 2011, might still be able to shave off 10% of his stash per year and still be quite wealthy today, and still having 228.7679245 BTC after selling in 2025.

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

Good explanation sir.
But if they cash it out every year of course it is a bad choice if they don't really need the money urgently.
Maybe that's just an example but yes it can be understood if holding since 2011 of course he bought at a fairly cheap price. I did a Google search that the price of Bitcoin in December 2011 was only around $4.25.

Maybe what I can take from here is a theory of a true holder who has been able to survive long enough from all the negative news and he managed to do it by holding btc until the btc price exceeded $100k.

I remember, investors of that type are those who understand the progress of the era, meaning they know btc from the beginning and continue to buy it regularly, of course that is a guideline that we can follow to continue accumulating bitcoin.

[JayJuanGee]

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

Amazing making the folk to be $24,263,320 Richer now despite the 10% withdrawal yearly . Indeed bitcoin changed such fella lives for the better, bitcoin also shows that been patient do pays off , such amount will carry his generation in a long run .

Sure, if we really wanted to go through the calculations, we can also see how much that BTC was worth each year and to see how his income was likely going up too.. even though there would have been some years that his income would have gone down from the previous year, yet his ongoing cashing out 10% per year also resulted in an increased income from the bitcoin each year while his BTC was going up in value faster than he would have had been able to spend it.. so long as he restricted his withdrawals to 10% per year..

Part of the reason that I frequently suggest that guys get to an overaccumulation status prior to starting to withdraw (sell) from their bitcoin stash is that once the more than enough status is reached then it is likely that we can come up with sustainable withdrawal formulas that are able to sustain us perpetually on the amount of BTC that we have accumulated.. we just have to figure out how to moderate it within reasonable parameters.

Of course, it is not guaranteed to pay off either, but we can still attempt to create reasonable parameters, too.

This also shows how beautiful bitcoin investment is . I'm going to keep holding so one day I'm going to share my testimony, on how God use bitcoin to change my live for the better . That's why I need to keep working towards that goal , the way Bitcoin is moving now there's no doubt of bitcoin hitting $150k around 2025 .

We cannot know the exact range of numbers, yet there should be inspiration for normal people to continue to try their best to continue to ongoingly, persistently, consistently and perhaps aggressively to accumulate bitcoin in order to potentially have more options down the road, and even though the results are not guaranteed, bitcoin's investment thesis still remains strong for the coming 10-20 years or whenever you might be starting to come close to reaching your accumulation (or maybe overaccumulation) goals (that you will likely need to reassess from time to time along the way too)... one of the less advantaged things for folks in their early accumulation is that the BTC's price rising might bring confirmations, but it also ends up costing more per BTC (sat), yet there is no way to really get overly preoccupied beyond just continuing to stack your sats as well you are able to do.

[edited out]

Good explanation sir.
But if they cash it out every year of course it is a bad choice if they don't really need the money urgently.

Sure, a person can set his cashout parameters, and it remains a good idea to spend from less valuable sources prior to spending bitcoin, so I was mostly trying to give a kind of flatline idea that was general and not individually particularized.  Another thing that I have found is that it may be better to withdraw the BTC based on a dollar value that is associated with the 200-WMA rather than drawing out a flat BTC amount, yet either system could still end up working for someone who might have had already assessed that he has reached a status of overaccumulation of BTC based on his own circumstances.

Maybe that's just an example but yes it can be understood if holding since 2011 of course he bought at a fairly cheap price. I did a Google search that the price of Bitcoin in December 2011 was only around $4.25.

Maybe what I can take from here is a theory of a true holder who has been able to survive long enough from all the negative news and he managed to do it by holding btc until the btc price exceeded $100k.

Personally, I believe that the BTC holders who have engaged in incremental practices of selling their BTC rather than selling large portions at once have tended to fair better.. especially if they tried to figure out systems in which they were selling small portions of their BTC rather than large portions, and sure even 10% seems a bit much (large), yet I have been tending to show that BTC has been outperforming traditional asset classes in order that larger percentage withdrawals have been sustainable in BTC as compared with traditional investments usually needing to restrict withdrawals to ONLY 4 % or less.. The idea is that the asset needs to outperform the withdrawal rate in order to justify the withdrawal rate that is chosen... otherwise the withdrawal rate is not sustainable.

I remember, investors of that type are those who understand the progress of the era, meaning they know btc from the beginning and continue to buy it regularly, of course that is a guideline that we can follow to continue accumulating bitcoin.

Since we cannot turn back the clock, we just have to try to figure out our BTC accumulation plan from the present, and if we feel that we don't have enough BTC, we have to continue to accumulate it... and sure your calculations might start to change once you start to reaching a status of having enough BTC or you have the fortune of getting to a status of having more than enough BTC.

[Familian]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

[sotelorene]

Since bitcoin investment is a long-term investment, it's not right for someone to borrow money to invest in bitcoin, and it is not the right way to go about bitcoin investment. Don't be carried away by bitcoin price; just stick with your original plan of accumulating bitcoin and wait until your accumulation money is readily available for you to buy bitcoin with your money without borrowing money from someone to buy bitcoin. If you are borrowing money to buy bitcoin, that means you are investing in bitcoin in such a way that it will stop you from solving your daily expenses, which will get you off the game partially or permanently. Bitcoin investment is best done when you use the money you can afford to lose or the money you will not need for 4-10 years or more to invest in bitcoin, which will allow you to hold your bitcoin for a long time since you don't borrow money or use the money that's allocated to solve your daily expenses.

It's when you don't have any income or you borrow a huge amount of money that will become a big problem for you to pay that the interest will keep on increasing and will frustrate you to the point of selling all your bitcoin, that's bad to borrow money to invest.

Basically this installment type of loan, the style of investment where you borrow money to invest on a valuable asset, and be paying off your debt bit by bit from your pay check is called good debt, though it's actually good no doubt, but it depends on the kind of job you are doing, like how secured is the job, like job security and how huge is your salary to cover up for all expenses including emergency fund aside without you falling back to your investment at some point.

So what am trying to say is that taking this kind of loan can be very good only if their is job security in your place of work,  the interest rate is extremely low, and the salary is huge enough to offset all expenses including an emergency fund aside after paying part of the money you borrowed through installment, and lastly, when investing in Bitcoin through this means, it's mandatory that you have to be on the top of your game when it comes to planing and budgeting, because one wrong spending can disorganize your financial plan for the month if your emergency funds is not huge enough to carry the burden.

I so much like your second to last and the last line of this your post and that is the more reason one shouldn't loan money whether or installment or not to me it's not advisable even though you are working and your salary is okay because we can't actually tell what will happen in the next minute, you may be thinking that your job is so secured for you that no one can assume the position that is normal but you don't know what your boss or your madam is planning on doing whether to keep or change you. I want you to know that any job or work that is not a self employed is not certain because you can be replace anytime any day and what will it become of a person that is  been sacked from a place if work when they have loan money and invest, and if there's no reserve funds definitely you will be tempted to touch your investment which is not good and secondly it might be that your investment is in loss at that point it time. I see all these as unnecessary pressure.

[Agbamoni]

Sure.  Figuring out some kind of a reasonable way to sell some BTC on the way up while still mostly HODLing would not be a bad idea if it could be put into practice, including that it is true that many folks end up selling too much of their BTC too soon, yet even a person with a thousand bitcoin in mid 2011, might still be able to shave off 10% of his stash per year and still be quite wealthy today, and still having 228.7679245 BTC after selling in 2025.

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

I really appreciate the effort and time that you put in to break down the concept of managing a Bitcoin stash over time while gradually cashing out.  This is more of a logical approach. What caught my attention is that this method encourages discipline. It will prevent the emotional mistake of other people selling too much in a bull market or holding onto our investment indefinitely without taking any profits to improve financial security. It would be better if someone wanted to maximize the value of each 10% sale, they could aim to cash out during periods that tend to repeat itself or even times when the price increases majorly.

And another thing to consider is reinvestment. If someone doesn’t need all the cash they’ve cashed out, they could set aside a portion to reinvest during bear markets. Through that way they can effectively replenish their stash.

[Churchillvv]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

It's best to say that buy bitcoin every time you have the capital to invest not just the dips better still dollar cost average every week or month when you have the capital. it's best to invest now because definitely this price that seems so high today would be the dip of tomorrow so if you buy today you'll figure out in times to come that you bought the dips but buying at any giving price you see today.

Of course bitcoin will make some fall backs but they're not permanent so they will keep going back making new ATHs hence you will be in profit in a longer range of time which is why we consider bitcoin a long term investment as it's not a get rich quick scheme.

If one is waiting the right entry price which is the dips you might end up not buying at all as market will always make some fake out that will put you on the edge thinking it will fall more then you can buy successful whereas it's not so as you might wait forever in the process of chasing the dips.

[Promocodeudo]

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

Buddy first and foremost are we to keep identifying the dip to keep buying then, I think I need a clarity from you to that effect, no doubt we are in bull run but not fully in bullrun, I think my advice is lets not see the current price as a big deal to buy, though Bitcoin will continue experiencing correction and upsurge respctively as such in the future the $100k plus price we are into now will be a history and also a small price compared to the one we will see them, I think as a newbie you should be more focused on how to increase your Bitcoin holdings by keeping up with your acumulation slowly and steadily and hodl for a long-term instead of talking about the dip that you won't know how long it will last.
We have talk about constant check of the market price as a discouragement in building a bulky portfolio in Bitcoin investment, so why are we still seeing the price check as an option to achieving our long-term goal in the said investment.

Buddy you may have a knowledge in Bitcoin investment when looking at your writeups but I will encourage you to buy at all time if you've not started doing that already and if you aren't convinced much then you can ask our boss @JayJuanGee some questions for more clarity this is my friendly advise to you, I said this because as a newbie, you should be more concerned about learning before contributing though this my peronal opinion but don't get it twisted.

[fikrett]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

It's best to say that buy bitcoin every time you have the capital to invest not just the dips better still dollar cost average every week or month when you have the capital. it's best to invest now because definitely this price that seems so high today would be the dip of tomorrow so if you buy today you'll figure out in times to come that you bought the dips but buying at any giving price you see today.

Of course bitcoin will make some fall backs but they're not permanent so they will keep going back making new ATHs hence you will be in profit in a longer range of time which is why we consider bitcoin a long term investment as it's not a get rich quick scheme.

If one is waiting the right entry price which is the dips you might end up not buying at all as market will always make some fake out that will put you on the edge thinking it will fall more then you can buy successful whereas it's not so as you might wait forever in the process of chasing the dips.

Simply put - there is never a wrong time to invest more in Bitcoin.
Dips will be there, corrections will be there, and cycles will change themselves, but the truth will remain certain - Bitcoin would still be on top and everybody else who hodls will be reaping the boons from it.
If a person understands BTC - he won't have shaky hands. Never.

[Olatundespo]

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

Amazing making the folk to be $24,263,320 Richer now despite the 10% withdrawal yearly . Indeed bitcoin changed such fella lives for the better, bitcoin also shows that been patient do pays off , such amount will carry his generation in a long run .

This also shows how beautiful bitcoin investment is . I'm going to keep holding so one day I'm going to share my testimony, on how God use bitcoin to change my live for the better . That's why I need to keep working towards that goal , the way Bitcoin is moving now there's no doubt of bitcoin hitting $150k around 2025 .

Instead of a 10% cash out an investor can bring down 5%, but this is a profit for them with the increase in holdings. Or if it is possible to meet the needs of the family/additional needs without cash out. This can be a patience for investors and there are many among bitcoiners.
I expect the price of Bitcoin to touch $ 250k by the end of 2025. The right strategy with probability and reality is to save regularly. If you focus yourself on the growth of wealth then you should continue to buy Bitcoin regardless of the price movement towards long-term Bitcoin savings. Short-term greed constantly exhausts traders which makes sense for investors to be more tempted to hold Bitcoin and apply other strategies that are more effective during periods of price fluctuations.

[Marvelockg]

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

Amazing making the folk to be $24,263,320 Richer now despite the 10% withdrawal yearly . Indeed bitcoin changed such fella lives for the better, bitcoin also shows that been patient do pays off , such amount will carry his generation in a long run .

This also shows how beautiful bitcoin investment is . I'm going to keep holding so one day I'm going to share my testimony, on how God use bitcoin to change my live for the better . That's why I need to keep working towards that goal , the way Bitcoin is moving now there's no doubt of bitcoin hitting $150k around 2025 .

Instead of a 10% cash out an investor can bring down 5%, but this is a profit for them with the increase in holdings. Or if it is possible to meet the needs of the family/additional needs without cash out. This can be a patience for investors and there are many among bitcoiners.

well, this might just be what works for an individual and not a general rule that should be followed by every bitcoin investor. it is a good example of looking at a scenario where you try to factor in some sort of possibility of taking out some profit along your investment journey. the Essense of the profit might not be because you actually need it but could just be a way of rewarding your consistency in maintaining a complete year of staying invested in bitcoin.

one thing about using a strategy like this is that if you have been able adapt to sorting out your needs without interfering in your investment, going on to touch 10% of your holding might look unnecessary since it can't really solve more of your needs but can still yield some additional profit if you left it untouched. deciding to take out either 10% or 5% is not an issue, what is the issue is when you just try to touch your holding just because you are in some profit. touching your holding has a tendency of giving you a thought of always coming back to lay your hands on it.

Short-term greed constantly exhausts traders which makes sense for investors to be more tempted to hold Bitcoin and apply other strategies that are more effective during periods of price fluctuations.

as an investor, greed is not even a variable that plays a role here. what happens more is the tendency of following the crowd to make popular decision of selling or taking profit even when you are early in your accumulation stage. at early stage, taking of profit should not be your primary concern and to an extent, expecting the price of bitcoin to suddenly get to $250k should not be your concern since you have not acquired a good chunk of bitcoin. when you are a bit balanced in the quantity of bitcoin you have acquired, you can then talk about doing some things like taking a certain percentage of your profit as a way of encouraging yourself to remain invested for the long run.

[Wind_FURY]

👀
A person who would dare to say that he truly believes Bitcoin will surge to more than $10,000 per Bitcoin during 2011 is a VISIONARY.

It's easier to make a projection of Bitcoin going from $3,000 to a six digit valuation or more during 2019 than it is to imagine Bitcoin surging from $1.00 to $100 during 2011 in my opinion.

Here is a link to that above thread.

https://bitcointalk.org/index.php?topic=12156.msg169751#msg169751

I'll include that link in the OP, to remind everyone that we are not here because we're "trading", or merely "gambling" in Bitcoin for profits in fiat. WE were here because we want to be participants in an invention that's becoming this generation's Tour De Force, just like the invention of the printing press, the telephone, air travel, the internet, and many more that changed history.

Plus plebs front-running the billionaires and the government feels like, Victory.

[cryptoWODL]

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.

It is very wrong to borrow money to invest in bitcoin because things may not turn out the way you expected it to it will be better to invest with little amount according to the level of discretionary income using the DCA method which will enable you accumulate Bitcoin regularly it could every week or month instead of going borrow money to invest in bitcoin for a long time remember that Bitcoin investment is not what you will put your money now and expect to cash out in few weeks time so it will be more better you invest with money won't be needing for a longer time which could probably be 4-10 or more.

First advice for you is to read my post carefully. I may have mentioned that if one has a fixed source of income, he can invest with loans without any problem. Since he has a fixed source of income, if any person invest with loan they don't have to worry about selling their investment later to repay the loan. It means that suddenly we need more financial than necessary for very important work due to which we spend all our monthly earnings.

So at that time we cannot buy bitcoins for investment. At that time if we borrow some money to buy regular investment then maybe our investment will not stop. Since we have a fixed source of income, we can repay the loan later with the money we earn from that source of income.

[promise444c5]

If a person understands BTC - he won't have shaky hands. Never.

This is just  another  perfect way to say it ...
It seems most late investors are focusing more on the price and chart instead of increasing their stash  within the short range and privilege  time they have before it increases once again, not saying  investors can't buy when  it's getting higher ( all entry is fine  so far it's long term holding) but it's not getting cheaper , there's no reason to focus on price especially when it's dipping.

Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper ...

[Frankolala]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

You can only identify the dip when it comes because the price of bitcoin will reduce in value just as it has dip to $98k+ currently, as I am typing this post. You cannot know when the dip will come because nobody can predict the price movement of bitcoin making it impossible to identify the next dip.

Trying to identify dips, shouldn't be your concern or priority but to keep your bitcoin buying regularly without interruption, and how to increse your income so that you can also increase your DCA amount to faster growth of your bitcoin investment. Those that are waiting for the dip, bitcoin has given them another opportunity to buy bitcoin now that the price is 98k+

[Jaycoinz]

If a person understands BTC - he won't have shaky hands. Never.

.

Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper ...

That's one of the things that makes investor commit mistakes in their journey @focusing on the price always. The effect of steady price watch can cost you errors of bad decision because you would be fluctuating when it comes to staging the right price to buy but if you have a steady flow chart of buying no matter the price then even the big dip that would come after the bull won't scared you infact that would even be a better opportunity to buy more but the fixed thought that covers all the motive is when you are fixated on not selling your coin anytime soon.

[DaNNy001]

Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Buying at the dip isn't anything difficult to identify,  if you have been following the market price of bitcoin you would have discovered different moments of dip from when price first got to $100k it retraced and made a dip before setting a new ATH at $104k and then pulled back again. These pull backs could be identified as a dip except that at every point when the price rises there's a price mark you have set for yourself for price to fall down to before you get to identify it as price dip. You have to be aware that we're in the bullish season and as such you shouldn't expect price to fall down down below to declare a clear dip, that can only happen when we are going bearish.

You can only identify the dip when it comes because the price of bitcoin will reduce in value just as it has dip to $98k+ currently, as I am typing this post. You cannot know when the dip will come because nobody can predict the price movement of bitcoin making it impossible to identify the next dip.

Trying to identify dips, shouldn't be your concern or priority but to keep your bitcoin buying regularly without interruption, and how to increse your income so that you can also increase your DCA amount to faster growth of your bitcoin investment. Those that are waiting for the dip, bitcoin has given them another opportunity to buy bitcoin now that the price is 98k+

Some many Bitcoin enthusiast are probably waiting on the price to slash back to maybe $50k or below which is possible and also not possible as no one can tell but this type of mentality only gets you nowhere and also the reason I feel most persons are waiting on the price to dip before they start buying is because they actually don't know or plan on holding their Bitcoin for long term purposes because if they understand the truth about Bitcoin then starting now is probably the best thing you are doing for yourself although the idea of long term must be installed at the back of your head.

When you start your investment now and continue buying no matter the price change you will find out you might have stashed up a lot of Bitcoin in your portfolio after consistent DCA buying and also when that particular Dip comes during the bear season you might double up your money used in buying to get better value as the price is down but one thing is certain if you consistent and that's growth in portfolio no matter the price difference because after holding that coins for long, Bitcoin is still going to go up even up $500k someday so just consistently buy and hold and when the dip comes you even buy more and more.

[JayJuanGee]

Year   BTC stash size          Yearly Cashout amount          Total Cashed out
2011   1000                            100                                           100
2012   900                                90                                         190
2013   810                                81                                         271
2014   729                                72.9                                      343.9
2015   656.1                           65.61                                       409.51
2016   590.49                           59.049                                     468.559
2017   531.441                           53.1441                                 521.7031
2018   478.2969                           47.82969                              569.53279
2019   430.46721                      43.046721                              612.579511
2020   387.420489                      38.7420489                        651.3215599
2021   348.6784401                     34.86784401                     686.1894039
2022   313.8105961                     31.38105961                     717.5704635
2023   282.4295365                     28.24295365                     745.8134172
2024   254.1865828                     25.41865828                     771.2320755
2025   228.7679245                   22.87679245                     794.1088679

Amazing making the folk to be $24,263,320 Richer now despite the 10% withdrawal yearly . Indeed bitcoin changed such fella lives for the better, bitcoin also shows that been patient do pays off , such amount will carry his generation in a long run .

This also shows how beautiful bitcoin investment is . I'm going to keep holding so one day I'm going to share my testimony, on how God use bitcoin to change my live for the better . That's why I need to keep working towards that goal , the way Bitcoin is moving now there's no doubt of bitcoin hitting $150k around 2025 .

Instead of a 10% cash out an investor can bring down 5%, but this is a profit for them with the increase in holdings. Or if it is possible to meet the needs of the family/additional needs without cash out. This can be a patience for investors and there are many among bitcoiners.

well, this might just be what works for an individual and not a general rule that should be followed by every bitcoin investor. it is a good example of looking at a scenario where you try to factor in some sort of possibility of taking out some profit along your investment journey. the Essense of the profit might not be because you actually need it but could just be a way of rewarding your consistency in maintaining a complete year of staying invested in bitcoin.

one thing about using a strategy like this is that if you have been able adapt to sorting out your needs without interfering in your investment, going on to touch 10% of your holding might look unnecessary since it can't really solve more of your needs but can still yield some additional profit if you left it untouched. deciding to take out either 10% or 5% is not an issue, what is the issue is when you just try to touch your holding just because you are in some profit. touching your holding has a tendency of giving you a thought of always coming back to lay your hands on it.

I think that this kind of a strategy, including withdrawing up to 10% of your BTC stash per year should be able to work for anyone, and the main thing that has to be assessed is to have reached a status of overaccummulation by 10% or more before beginning such a seemingly high rate of withdrawal, and if the person had not reached such overaccumulation status, yet if he still wants to begin a sustainable withdrawal approach to his BTC, then perhaps if he is not at a level of comfortable overaccumulation, then he would start out with a lower withdrawal rate to allow his BTC to continue to gain in value and perhaps to increase his withdrawal rate as he becomes more comfortable with his overaccumulation level to be able to then withdraw more aggressively, including as much as 10% per year.

Many people invest by borrowing money from others. If one has a fixed source of income he can borrow money from others and invest but does not have to sell his investment. Because people don't always have money even if they have a job. So if he invests with a loan and later if he can repay the loan with the money he gets from his job at the end of the month, it means he can easily repay the money he borrowed from others. As a result, he no longer has to sell the investment to repay the loan.

It is very wrong to borrow money to invest in bitcoin because things may not turn out the way you expected it to it will be better to invest with little amount according to the level of discretionary income using the DCA method which will enable you accumulate Bitcoin regularly it could every week or month instead of going borrow money to invest in bitcoin for a long time remember that Bitcoin investment is not what you will put your money now and expect to cash out in few weeks time so it will be more better you invest with money won't be needing for a longer time which could probably be 4-10 or more.

First advice for you is to read my post carefully. I may have mentioned that if one has a fixed source of income, he can invest with loans without any problem. Since he has a fixed source of income, if any person invest with loan they don't have to worry about selling their investment later to repay the loan. It means that suddenly we need more financial than necessary for very important work due to which we spend all our monthly earnings.

So at that time we cannot buy bitcoins for investment. At that time if we borrow some money to buy regular investment then maybe our investment will not stop. Since we have a fixed source of income, we can repay the loan later with the money we earn from that source of income.

Loans can have various kinds of terms, and they can be tough calculations in terms of whether a person's income can support the loan.  Many folks are not able to get 4-5 year loans and they are stuck with loans that are 2 years duration or less..... yet for sure in bitcoin it becomes better if we were to be able to get loans for more than 4 years. 

If a person has an income of $2k per month, and expenses of around $1,200 to $1,500, such person might not be able to buy more than $100 of bitcoin per week without potentially running into jeopardy in regards to the limits of his discretionary income. 

Getting a loan could front load the bitcoin investment, but it still might be questionable how much of a front loading that a person might want to do.  At the rate of investing $100 per week, the investment amount would be around $10k per year, and so if such guy was able to get a loan for $10k, then that would be nearly 2 years of front loading the investment.

We would still need to look at the terms of the loan, and maybe to be sure that the loan is able to be paid off, the guy uses the loan to buy bitcoin, yet at the same time to save the amount of money that he would have had otherwise invested into bitcoin in order to be able to pay off the loan at the end of the term.. so if the loan was two years, then he could save the amount that he would have otherwise invested into bitcoin, since he had already invested the $10k from the loan into bitcoin. 

Maybe the loan has an origination fee of 1% ($100) and also maybe the loan has something like 6% annual interest rate, so then if the loan only has a 2-year timeline, perhaps minimum monthly payments of 1%, then if the person is making the minimal payments then after two years, nearly $9k will still be owed on the loan.. so after 2 years, the guy might have to make sure that he has an extra $9k so that he would not have to cash out of the BTC that he had bought.

Even if the loan had a 4-year term, there would still be nearly $8k owed on the loan at the end of the 4 years (that is if minimum payments were being made.... so with a 6% annual interest rate, then 0.5% interest would assess each month, and if the minimum payments are 1% then only double of the interest is being paid, so the principle of the loan is coming down very slowly). 

Anyone getting a loan would want their investment to perform better than the interest rate on the loan in order to justify getting the loan rather than just buying bitcoin every week with their income and not having to pay the interest on the loan, so it is not totally unjustified to get a loan if you can figure the interest rate of the loan, but surely there could be needs for separate funds and more challenges to build up the funds if the loan term is shorter and if the person might have uncertainties in his cashflows.

[sotelorene]

If a person understands BTC - he won't have shaky hands. Never.

.

Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper ...

That's one of the things that makes investor commit mistakes in their journey @focusing on the price always. The effect of steady price watch can cost you errors of bad decision because you would be fluctuating when it comes to staging the right price to buy but if you have a steady flow chart of buying no matter the price then even the big dip that would come after the bull won't scared you infact that would even be a better opportunity to buy more but the fixed thought that covers all the motive is when you are fixated on not selling your coin anytime soon.

I don't agree with your first two  line of sentence, saying this is one of the thing that makes investors commit mistakes in their journey @focusing on the price always is a wrong statement rather you would have said that it is one of the thing that makes some investors not to do well in their investment and not investors because you are generalizing it, not all investors are been moved or carried away by what the market present at a particular or given point in time.

However, checking market or monitoring the market can be tempting especially to a newbie that doesn't understand how the market move or works though checking or monitoring the market is not  bad but one shouldn't check with the intention to see profit immediately because some investors, after investing they are always checking the market to see if they are on profit or if there investment is making progress this kind of investors are the ones that can easily spoil their investment because of the intention they have.

[I_Anime]

If a person understands BTC - he won't have shaky hands. Never.

.

Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper ...

That's one of the things that makes investor commit mistakes in their journey @focusing on the price always. The effect of steady price watch can cost you errors of bad decision because you would be fluctuating when it comes to staging the right price to buy but if you have a steady flow chart of buying no matter the price then even the big dip that would come after the bull won't scared you infact that would even be a better opportunity to buy more but the fixed thought that covers all the motive is when you are fixated on not selling your coin anytime soon.

There's no problem watching the price , the only when there's problem is when you're checking the price on a regular basis which shows that your emotions are been put to the test,  and one thing you have to know as an long-term investor, is that there's no right time to buy bitcoin, aslong you have the discretionary to invest and the basic knowledge on how to go about it , your literally good to go , investing in Bitcoin is not as complex as are most people paint it to be, is just all about discipline and principles.

[BITCOIN4X]

I think some people really get emotional for a while when they don't have more money to accumulate bitcoins. Amid the current major correction, this should be a valuable opportunity to buy and accumulate. Unfortunately, some of them may not have spare money that can be used at times like these. Buying when prices are dip is a good strategy, but buying when prices are dip of dip is always better, which means DCA makes it possible.

I don't know how low the price will correct today, but I don't think it will go lower than $95k. Recovery is expected as soon as this panic subsides and today's close is expected to be over $99k. In the last 24 hours, the price has fallen by 4.5%, this is not always considered a bad thing by those who can take advantage of the opportunity.