Buy the DIP, and HODL!

[Bd officer]

* Then the greedy investors are the most stupid of them all, because they knows all the danger and all pertaining to alt and shit coin, but they still went ahead due to greed for 10x to 20x, so what am trying to say is that lack of right knowledge and greed are what makes most investors to even think of investing in alt and shit coin, if not, I believe that majority of all investors out there believes and  knows that Bitcoin is the only reliable asset in this crypto space.

Yes Bitcoin is the most trusted currency among crypto assets. Investing in altcoins is very risky. Now those who invest in altcoins for more profit lose money at the end of the day. Investing in altcoins can expect huge profits in a short period of time but will be more risky. It can be seen that some altcoins are not able to recover if the price drops. Can't expect 10x profit from Bitcoin? Of course it is possible to make $10x profit from Bitcoin, but you can't be in a hurry, if you can invest in Bitcoin and hold it for a long time, you can make higher profit from Bitcoin. Where was Bitcoin 10 years ago? Currently $100k plus, hopefully $1million in the future and maybe even more. So invest in bitcoin and hold bitcoin patiently hope you can take lot of profit from bitcoin too.

[EarnOnVictor]

Essentially, what you seem to be suggesting is that what EarnOnVictor is not being very representative of what normal people would do in similar circumstances, and so most likely we have to take what EarnOnVictor is saying that he did with a considerably decent sized grain of salt, including that he has been frequently proclaiming to be engaging in trading kinds of strategies rather than investing strategies, and he is also proclaiming that he bought BIG at the bottom of our BTC price timeline, and perhaps is going to imply that at some point he is going to sell BIG at (or near) the top, yet he is not even really announcing as he goes and he poo poos the idea of DCAing, including acting like normal guys can figure out in advance what the BTC price is going to do, and to attempt to provide himself as evidence of how guys can be smarter than the market (or see BTC price moves in advance).
-snip-  

Reading your reply, I can deduce you fully understand me to a high extent but no one is trying to "poo poos" on DCA. The DCA investment approach is a great one and has been tested and trusted for decades, it also works a great deal with Bitcoin, so it will be unfair for anyone to "poo poos" on it...lol. And for clarity, I DCA as well, the only difference is that I don't let one investment strategy tie my hands, unlike many others. If we are sincere to ourselves, the DCA approach is not the only working investment strategy, by virtue, diversifying my strategy is still on course.

[Su-asa]

  The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day.  Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.

Actually you have some clear understanding about traders but I believed that Bitcoin investment is more better and safer than trade. And you should  know that any sudden change can make a trader to loss his trade. Emotions can also make a trader to loss his trade. Lack of risk management can also make a trader loss his trade. Technical failure cam also make a trader losa his trade. When I said technical failure I mean that your account might be compromised or their might be a cyber-securitybreache. All those things I have mentioned are what will probably make a trade to be lost. For me trade is like a higher standard gamble, just like you said, one need to wake up early as 4AM to monitor the market so that can have a clue on how to carryout their daily trade. But on Bitcoin investment, you don't need to do all that as the investment is more safer than trading.

[Makus]

The very best traders it will give profits, dont doubt some people got magic in their finger tips.   We're talking a rarity though, assume its not you as most people should not expect to win trading.

   The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day.  Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.

The reason I caught this thread again to read is the basic premise is with us once again, dont forget the mantra hold whenever you can.   Times like this the grip can get tiring and we may slip  Markets want to test strength, its a positive eventually to have an active market even if that might be a lower price sometimes during a bull market.
  I think we are traversing a range mostly for now, now looking for a direction given beyond that bounce back and forth we've had many weeks now.

Why would you stress yourself that much for little profit with no rest of mind and peace. When you can just buy and hodli for long with ease. No matter how magical the trader fingers are, he will run at loss in the long run, and will be a loser because he will be a low coiner or no coiner in future when investors are reaping the profit from their bitcoin portfolio, because the price of bitcoin will be very high.

Investing is the best way to go about with your bitcoin involvement because bitcoin will be scarce in future and very expensive. This why you a new investor should only buy bitcoin and build his portfolio to a certain level for future sake, because bitcoin is still in her maturing stage. DCA strategy is gives you the room to buy bitcoin regularly every week irrespective of the price of bitcoin and if you do this for 4-10 years and above, you will be far ahead of those who are gambling in the name of trading. We should always plan for the future with what we have today and not waste what we have today to suffer in future.

sometimes I wonder why people would love to stress themselves when they can relax and let Bitcoin do its thing, I think what they need is proper education because even a beginner can relate to how risky trading is and how easy one could go with long-term holding and get a better result than a short term trading. I see trading as a trapped mindset that lets traders think they are actually making profits but in the long run, they can never be satisfied with their profit just like gambling, the greed to wanting to have more always strikes, and trust me that will lead to potential losses if the trader/gambler keeps up with that idea. knowing fully well that genuine wealth isn't made overnight why would someone still prefer to go through the hard way when the easy way is a lot more profitable and guarantees less risk than going through the hard. sometimes the solution to our problems can be gotten from other people's wisdom or experience. Bitcoin in the past has proven that holding is the best strategy to make more money, fixing our eyes on the profit alone may lead us in the wrong direction but what we learn from the process might also help in our day-to-day life activities. holding for the long term teaches us discipline whereas trading only sets your mind to focusing on profits which may become void when volatility or manipulation by the whales in the market steps in.

if there is something I have learned from long-term holding, it's the peace of mind that shouldn't be traded with anything. if you feel like gambling then try out shitcoins and only gamble with what you can afford to lose. if trading is as profitable as most people claim don't you think every whale in the market would be considered a trader? but yet they prefer to hold for long-term and till date, they are still making huge amounts of profits just by exercising patient.

[Mayor of ogba]

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Since you are new to bitcoin investment, it would be better for you to focus your attention more on the DCA strategy so that it will allow you to consistently accumulate bitcoin when your discretionary income is readily available since you are a low coiner. All bitcoin investment strategies are meant for both the poor and the rich. Even though you are accumulating bitcoin with the DCA strategy, if you can figure out at some point that your discretionary income will allow you to buy bitcoin with a lump sum strategy without you getting off the game partially or permanently, go ahead and do it since it will help to increase your bitcoin amount.

The most important thing here is to buy when the funds is available, though the DCA accumulating strategy gives you the flexibility of buying anytime money comes into your hand , either monthly or weekly but the key thing here is buying when you have the funds to do so, and when buying it's very important you pay less attention to the price, because the goal is to accumulate as much Bitcoin as possible, if you pay attention to the value of Bitcoin you might procrastinate by waiting for the price to go deeper which is not good at all, because you might miss a buying opportunity thinking that the value might go deeper, so it's very important that we seize every buying opportunity that comes our way as long as the funds is available, while our emergency funds is kept aside for future emergencies.

I am very much aware that the most important thing when investing in bitcoin is to buy bitcoin right away when your discretionary income is readily available, and we can only achieve that when we adopt the DCA strategy to accumulate bitcoin, but I only wanted to let Pi$$ know that the lump sum strategy is not only meant for the rich investors. If you read my post very well, you will notice that I didn't say that Pi$$ should time the market before he can accumulate bitcoin because I know that strategy will not be suitable for him since he is a low coiner. Since Pi$$ is new to bitcoin investment, I told him to focus more on the DCA strategy so that he can always accumulate bitcoin at any given price when his discretionary income is readily available.

[ultrloa]

  The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day.  Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.

Actually you have some clear understanding about traders but I believed that Bitcoin investment is more better and safer than trade. And you should  know that any sudden change can make a trader to loss his trade. Emotions can also make a trader to loss his trade. Lack of risk management can also make a trader loss his trade. Technical failure cam also make a trader losa his trade. When I said technical failure I mean that your account might be compromised or their might be a cyber-securitybreache. All those things I have mentioned are what will probably make a trade to be lost. For me trade is like a higher standard gamble, just like you said, one need to wake up early as 4AM to monitor the market so that can have a clue on how to carryout their daily trade. But on Bitcoin investment, you don't need to do all that as the investment is more safer than trading.

Also we are talking about Bitcoin investment here so most likely people will not like the idea about trading Bitcoin even if someone present here how other people could earn from this since people would just think about that this is more riskier option than what they are currently doing.

So people would just ignore those trading thoughts and will just entertain those important matters like on how they can expand more their knowledge about doing more better decisions towards their HODL and DCA plans. Also if they can actually do that waking at 4am then its there choice but there are many things to do and we can maximize more our time if we choose what's the best for us so that's why I prefer to HODL since we can only get less stress and we can do many things since that type of investment doesn't need to much attention.

[EclipseXcrypto]

There are example of different people that you have said that some people have so much money because there are some people who have put some money to add to their everyday money.   These are example of people and there are some people who have multiple investments and get money from other places, these are examples of such people.

Many times if someone is brand new to bitcoin and they have a lump sum that is of a considerable size (perhaps anything greater than $20k), they likely are already going to have had some practice with other investments, since it is not very common that folks are going to want keep very much money in cash, even though surely there could be some cash equivalent products that they might invest into, even bonds or interest bearing cash-like instruments.

And surely the kinds of an investments a person has and their investment experiences could affect whether and how they might get into bitcoin, and sometimes they still might want to be careful regarding how they might get out of some other investments (unless the investments are cash-like), and it is difficult to know in advance how they might want to ease out of one investment and into bitcoin, if that is how they choose to proceed.

I have seen many people who want to invest in Bitcoin but they are afraid of how they will compensate if they go into loss. Although this is a silly question and it should be because it is new people who are afraid to invest in Bitcoin. These are people who don't have money they will tell everything and those who have will mention their household expenses when they are not seen. Usury and these other things are forbidden and it is better to manage the expenses of the house by doing hard work.

Yes, if his investment is high and his variety is also high, then he must invest in bitcoin because if he spends money in it once, he has many investment varieties 10 bitcoin profit will be given. He can earn money with peace of mind and will not care about other tasks. Such people run after little money, they have no intelligence, because of which they do not have the courage to do any great work, that is why they live a middle life in the world.

Those who hesitate to invest in Bitcoin often lack the determination and don’t have confidence in the potentials of the asset (Bitcoin). The fear in them prevents them from seeing the long term potential of investment like bitcoin, especially when they focus too much on short-term fluctuations instead of the overall trend of bitcoin. There's no need to fear, that investing in bitcoin won't be successful, instead focus on the opportunity rather than fear of missing out. If  you are earning or have a source of income with the right strategies, a long-term perspective and being consistent it can definitely yield positive result. Investing in Bitcoin require a certain level of commitment and confidence in the asset  potentials.

[Scarlett_23]

I am not ignorant that others strategies is good based on choice of individual or investor but emphasize most on one that can accommodate all kind of investor without putting phobia before the investor. For instance using our domestic market to explain to a layman if I want to buy something like smart phone which I can't afford the money at once or even if I will if my source to avoid it is not enough it will make me to have a rethink of buying it no matter the value  but where I have an option of paying installmentally, I will be eager to rush in buying it this are the perspective I see lumps sum to DCA as this DCA serve to be more easier and reduce phobia to whoever that may not lumps sum due to how it's financial credibility could be.

Its called choosing a strategy because its by choice. All strategies are unique in their own kind of way and it is left for the investor to know which to choose. There is nothing like the best strategy. Don't forget even DCA you claim to be the best has its own flaws which is the slow aspect of accumulation. The rich people rarely see it as a preferred strategy because why should they wait for a long time before they can invest when they can quickly buy a whole Bitcoin or more with the money they have. Like i said its by choice depending on what they want. Even some rich investors will still choose to DCA instead of Lump sum because they want to accumulate gradually with less risk at the same time trying to understand the entire investment thing for a time before they can completely go all in.

In the meantime. Try reading your post again, it lacks clarity i barely could understand what you wrote. You might rather be contradicting yourself and misleading others once its not understandable.

Well I stand to be corrected but view your understanding over my post as misconception on discribing the lumps sum, there smaller investor who can't buy at once because they consider the lumps sum as huge investment in trying to buy once but using the DCA where one can buy gradually even with smaller amount depending on the individual ability make it more easier,

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Many of us should realize that lump sums can come available to poor people or to rich people even though it is more likely that rich people will have more opportunities to come across lump sums, and lump sums could come at the very beginning of investing or maybe they come available after a person had been investing for a while. 

I like to think about lump sums as amounts that tend to be outside of a person's normal cashflow, yet surely even a lot of variance in cashflow might cause some amounts of money to seem more like lump sum amounts rather than part of the normal cashflow amounts.  So we can be faced with dilemmas about if we should invest lump sums right away or if we might use some of  it for DCA and other for buying on dip and maybe even other for buttressing up reserve funds and/or even to build up emergency funds to a better level.

For example, a person might have an income of $25k, and maybe he had been investing $100 per week into bitcoin for a year, and that would be considered pretty aggressive investing to put right around 20% of his income into bitcoin, yet if that person got some kind of $5k bonus (or surprise amount of cash that suddenly was available), he may well consider himself to be quite fortune to come across an amount of money that equals his whole previous year of investing, so he could be faced some difficult decisions regarding how to spend the money, whether to invest right away, to use some for DCA or buying on dips and/or to buttress up his emergency funds and/or reserve funds.

There likely is no one correct answer to the question, except maybe to at least consider the categories and to decide how to apportion, including that he could decide to use all in one category rather than apportioning, and those are all considerations that any of us should be able to make, and we likely would be in a better position to decide once we have already put our bitcoin investment systems in place and after we had been practicing investing into bitcoin for a whole year prior to receiving the extra bonus money.

These kinds of lump sums can come to poor people or to rich people, and sure we likely realize that it is less common for poor people to come across such opportunities, but it is not out of the question that it could happen, even if the amounts might be smaller for poor people as compared with rich people, yet they still might be faced with some similar dilemmas regarding how to allocate it and if so whether into bitcoin.

I want to tell you that a lump sum is a sum of money that comes suddenly. It can come at any time and in any way. It may be because the person has sold a property given by his father or because of a sudden promotion in his job or because of a big bonus. Now the question is how the person will spend this lump sum. The person must think and plan to spend that money. . That person is investing in Bitcoin using the DC method every month. And the investment that the person is making is from his main salary or monthly income. Getting that lump sum of money for a person is another new opportunity to invest in Bitcoin for the person. You divide your money into several parts. In that case, keep the DCA strategy and whenever the price of Bitcoin dips in the market, invest from that lump sum here. And keep the other part for your safety or for emergencies. Because human life is first of all a sudden danger can come in personal life, in which case you definitely need a shelter, you should keep some money from here. I will not tell any person to invest all his money in Bitcoin and I will not tell him to save all his money because it will not be of any use to you except in an emergency. So a person has to move forward with a planned mindset so that his life can also go on and the path of earning income is smooth.

[Olatundespo]

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Since you are new to bitcoin investment, it would be better for you to focus your attention more on the DCA strategy so that it will allow you to consistently accumulate bitcoin when your discretionary income is readily available since you are a low coiner. All bitcoin investment strategies are meant for both the poor and the rich. Even though you are accumulating bitcoin with the DCA strategy, if you can figure out at some point that your discretionary income will allow you to buy bitcoin with a lump sum strategy without you getting off the game partially or permanently, go ahead and do it since it will help to increase your bitcoin amount.

I agree with you that you are suggesting to do DCA strategy. DCA strategy is very effective especially for any investor who is a bit uncomfortable with the amount of investment/accumulating. This strategy is for depositing any amount of Bitcoin. Discretionary income part which will increase the amount deposited as your job grade increases. Your opinion about lump sum investment strategy is very important and can be instructive for an investor. Actually a bitcoiner can decide to go ahead with lump sum strategy to increase his holdings but for that he should continue depositing regularly without breaking. Continuous Bitcoin accumulation requires changing your mental strategy with discretionary income so that the amount of deposit increases with the income and in an effort to spend the retirement years better.

[Frankolala]

I am not ignorant that others strategies is good based on choice of individual or investor but emphasize most on one that can accommodate all kind of investor without putting phobia before the investor. For instance using our domestic market to explain to a layman if I want to buy something like smart phone which I can't afford the money at once or even if I will if my source to avoid it is not enough it will make me to have a rethink of buying it no matter the value  but where I have an option of paying installmentally, I will be eager to rush in buying it this are the perspective I see lumps sum to DCA as this DCA serve to be more easier and reduce phobia to whoever that may not lumps sum due to how it's financial credibility could be.

Its called choosing a strategy because its by choice. All strategies are unique in their own kind of way and it is left for the investor to know which to choose. There is nothing like the best strategy. Don't forget even DCA you claim to be the best has its own flaws which is the slow aspect of accumulation. The rich people rarely see it as a preferred strategy because why should they wait for a long time before they can invest when they can quickly buy a whole Bitcoin or more with the money they have. Like i said its by choice depending on what they want. Even some rich investors will still choose to DCA instead of Lump sum because they want to accumulate gradually with less risk at the same time trying to understand the entire investment thing for a time before they can completely go all in.

In the meantime. Try reading your post again, it lacks clarity i barely could understand what you wrote. You might rather be contradicting yourself and misleading others once its not understandable.

Well I stand to be corrected but view your understanding over my post as misconception on discribing the lumps sum, there smaller investor who can't buy at once because they consider the lumps sum as huge investment in trying to buy once but using the DCA where one can buy gradually even with smaller amount depending on the individual ability make it more easier,

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Many of us should realize that lump sums can come available to poor people or to rich people even though it is more likely that rich people will have more opportunities to come across lump sums, and lump sums could come at the very beginning of investing or maybe they come available after a person had been investing for a while.  

I like to think about lump sums as amounts that tend to be outside of a person's normal cashflow, yet surely even a lot of variance in cashflow might cause some amounts of money to seem more like lump sum amounts rather than part of the normal cashflow amounts.  So we can be faced with dilemmas about if we should invest lump sums right away or if we might use some of  it for DCA and other for buying on dip and maybe even other for buttressing up reserve funds and/or even to build up emergency funds to a better level.

For example, a person might have an income of $25k, and maybe he had been investing $100 per week into bitcoin for a year, and that would be considered pretty aggressive investing to put right around 20% of his income into bitcoin, yet if that person got some kind of $5k bonus (or surprise amount of cash that suddenly was available), he may well consider himself to be quite fortune to come across an amount of money that equals his whole previous year of investing, so he could be faced some difficult decisions regarding how to spend the money, whether to invest right away, to use some for DCA or buying on dips and/or to buttress up his emergency funds and/or reserve funds.

There likely is no one correct answer to the question, except maybe to at least consider the categories and to decide how to apportion, including that he could decide to use all in one category rather than apportioning, and those are all considerations that any of us should be able to make, and we likely would be in a better position to decide once we have already put our bitcoin investment systems in place and after we had been practicing investing into bitcoin for a whole year prior to receiving the extra bonus money.

These kinds of lump sums can come to poor people or to rich people, and sure we likely realize that it is less common for poor people to come across such opportunities, but it is not out of the question that it could happen, even if the amounts might be smaller for poor people as compared with rich people, yet they still might be faced with some similar dilemmas regarding how to allocate it and if so whether into bitcoin.

I want to tell you that a lump sum is a sum of money that comes suddenly. It can come at any time and in any way. It may be because the person has sold a property given by his father or because of a sudden promotion in his job or because of a big bonus. Now the question is how the person will spend this lump sum. The person must think and plan to spend that money. . That person is investing in Bitcoin using the DC method every month. And the investment that the person is making is from his main salary or monthly income. Getting that lump sum of money for a person is another new opportunity to invest in Bitcoin for the person. You divide your money into several parts. In that case, keep the DCA strategy and whenever the price of Bitcoin dips in the market, invest from that lump sum here. And keep the other part for your safety or for emergencies. Because human life is first of all a sudden danger can come in personal life, in which case you definitely need a shelter, you should keep some money from here. I will not tell any person to invest all his money in Bitcoin and I will not tell him to save all his money because it will not be of any use to you except in an emergency. So a person has to move forward with a planned mindset so that his life can also go on and the path of earning income is smooth.

Keeping funds at hand to buy when the price of bitcoin dips is not lump sum but buying at the dip. Don't get it twisted, lump sum is when you have your bonus and use the money to buy bitcoin right aware regardless of the price of bitcoin. Like what you said there's nothing bad in splitting the funds in two or three parts, but if you don't buy right away with one part, you haven't lump sum.

[DubemIfedigbo001]

Inasmuch as most investors that are financially capable may likely be nterested in buying Bitcoin at once than buying by parts I still believe there is still need to know the best strategies that will be more favourable because if one is equip with the right information it gives more confident and determination to make more significant investment.
DCA strategies is more leverage to accumulate Bitcoin and I think most investor will consider it more preferable.

You are getting the whole point wrong. Investors that has the money to buy Bitcoin once should do it because that seems to be the most favorable strategy to them. They can still choose to DCA, but rather they will increase the amount of money used to DCA per week or monthly however they choose to do it. The path you misunderstood this things is that all strategy is preferable based on each investors. And this is determined by their financial capability first, financial goals in the investment and their risk tolerance. This three importance things are what investors consider first before they adapt any strategy.

And mind you DCA can be adapted by all level of investors both the rich and the poor. But Lump sum is rarely adapted by the poor. Obviously they do not have the money t buy a whole Bitcoin once that's why they stick to DCA. But a rich man can DCA, Lump sum and also buy the dip because he as the money. He might just preferred to DCA because he wants to manage risk learn a few things instead of Lump sum.

I've been thinking out of the box lately, getting craftier with your investments and somethings I would love to do if I've more discretionary income available or hit a big funding along the way. I think there is a possibility of merging two accumulation methods at the same time. lets say for example my weekly accumulation amount is $100 and I kind of hit a $30k and decide to invest $20k into bitcoin. Normally, investing $2k would be considered a lump sum for me (Based on the fact that it is $100 normally) and I spread this across 10 weeks thereby investing $2100 weekly(joined with my periodic accumulation amount). I tend to see this pattern as the combination of lump sum and DCA and in the end I was able to lump sum 10 times consistently across 10 weeks. Ordinarily it would be relatable to increasing my aggressiveness with spare discretionary income, but I kind of see the sum as very big in terms of percentage compared to my normal periodic purchase, so I view it as a combination of Lump sum and DCA.

[Cryptoprincess101]

Keeping funds at hand to buy when the price of bitcoin dips is not lump sum but buying at the dip. Don't get it twisted, lump sum is when you have your bonus and use the money to buy bitcoin right aware regardless of the price of bitcoin. Like what you said there's nothing bad in splitting the funds in two or three parts, but if you don't buy right away with one part, you haven't lump sum.

Actually, some folks misunderstood buying at a DIP and lump summing. Buying at a DIP means keeping a discretionary income while waiting for the price of bitcoin to fall before buying but lump summing is simply what we call an ''all in''. An amount you have kept to invest at once probably without investing further amount again but only leave your investment to grow in the long term. @Frankolala, you sound a bit contradictory because for someone who wants to lump sum, there is no need of splitting funds again except for someone who want to start investing while keeping some amount to buy when a DIP occurs of which it can't be regarded as lump summing. Though an investor can still decide to split their discretionary income into three parts for DCA, lump summing and buying at a DIP.

[Shadiq]

Those who hesitate to invest in Bitcoin often lack the determination and don’t have confidence in the potentials of the asset (Bitcoin). The fear in them prevents them from seeing the long term potential of investment like bitcoin, especially when they focus too much on short-term fluctuations instead of the overall trend of bitcoin. There's no need to fear, that investing in bitcoin won't be successful, instead focus on the opportunity rather than fear of missing out. If  you are earning or have a source of income with the right strategies, a long-term perspective and being consistent it can definitely yield positive result. Investing in Bitcoin require a certain level of commitment and confidence in the asset  potentials.

The main reason for hesitation in investing in Bitcoin is lack of knowledge or ignorance about investment. If a person does not have the basic knowledge required to invest in Bitcoin, then he will definitely be afraid of investing in Bitcoin. We must know that subject to have confidence in something. We should inform people who are ignorant or have little knowledge about Bitcoin about Bitcoin and if someone is negative about Bitcoin, then we should try to remove their misconceptions. In order to reduce the popularity or fear of investing in Bitcoin or to make it trustworthy for everyone, our society should be made suitable for investing in Bitcoin. Generally, Bitcoin is viewed negatively in our society, which is why many people hesitate or do not trust investing in Bitcoin.

Through this summer, we can know Bitcoin deeply or gain all the knowledge about Bitcoin. A newcomer should not be afraid of Bitcoin at all. If you want to invest in Bitcoin for the long term, then you should not be afraid of your money at all, because Bitcoin will never disappoint in the long term. If you can master and apply all the strategies to survive in the long term, then you will be successful in holding your investment in the long term. No matter what strategy you adopt from your position for investing, you must plan for the long term. However, I would prefer DCA as an investment strategy.

[DubemIfedigbo001]

* Then the greedy investors are the most stupid of them all, because they knows all the danger and all pertaining to alt and shit coin, but they still went ahead due to greed for 10x to 20x, so what am trying to say is that lack of right knowledge and greed are what makes most investors to even think of investing in alt and shit coin, if not, I believe that majority of all investors out there believes and  knows that Bitcoin is the only reliable asset in this crypto space.

Those greedy guys end up providing the liquidity for the early traders to exit the market and getting a -10x and -20x isn't inevitable while regrets turn out to be their anthem, these guys know very well that if they can have patience, Bitcoin would give them more profits than this, but desperation always lands them in big trouble. Most of these shitcoins are traps set by its creators and these greedy gamblers fall readily into it. I do not pity them however but allow them to learn from their mistakes by licking their wounds if they would learn at all.

The most painful and annoying thing is that most of them never learn, they move on to yet another shitcoin and continue gambling with them until they are near or totally bankrupt. Very few of them ever gets lucky with their gamble. Bitcoin investment promises to give every investor profit with respect to your portfolio and on a relaxed mind(and not robbing late investors to pay early ones). That is what these gamblers can never benefit from.

Keeping funds at hand to buy when the price of bitcoin dips is not lump sum but buying at the dip. Don't get it twisted, lump sum is when you have your bonus and use the money to buy bitcoin right aware regardless of the price of bitcoin. Like what you said there's nothing bad in splitting the funds in two or three parts, but if you don't buy right away with one part, you haven't lump sum.

Actually, some folks misunderstood buying at a DIP and lump summing. Buying at a DIP means keeping a discretionary income while waiting for the price of bitcoin to fall before buying but lump summing is simply what we call an ''all in''. An amount you have kept to invest at once probably without investing further amount again but only leave your investment to grow in the long term. @Frankolala, you sound a bit contradictory because for someone who wants to lump sum, there is no need of splitting funds again except for someone who want to start investing while keeping some amount to buy when a DIP occurs of which it can't be regarded as lump summing. Though an investor can still decide to split their discretionary income into three parts for DCA, lump summing and buying at a DIP.

You ended up contradicting yourself and agreeing with @Frankolala in your final sentence. Splitting of funds is the sole decision of the investor. An investor can employ more than one accumulation method while engaging in his bitcoin accumulation journey, The goal is to accumulate more stashes of bitcoin and every investor is at leverage of employing whatever strategy that suites his plans as long as he has discretionary income available and a long-term plan.

[SmartCharpa]

You are absolutely right, our main reason here in this board is not to talk about trading I mean buying shitcoin and memecoin that  is mostly sponsored by unserious and weak team and perhaps their objective is just to lure people in and make their own money. I remember when I use to buy and trade shitcoin, sometimes I can't stay without watching my coin because of how  crazy it is, and then anytime I saw it dumping I will be so restless and sad because I knew some of them after dropping they won't pump or rise again depending on the team.

There's an extent I was going through this..., my friend who usually invest in Bitcoin told me to stop putting myself in unnecessary pressure that I should start investing in Bitcoin and I saw the potential of Bitcoin and i also realized that if I should investment in Bitcoin i wouldn't disturb myself the way i would disturb myself in buying and trading of shitcoin. Initially what makes  me venture into trading and buying of shitcoin was impatient.

That is what individuals who invest in shitcoin are going through since they are constantly on guard because any tiny changes in the market might make you lose or gain money in two minutes. Investing in shitcoin is stressful because you will be checking your coin every minute to see whether you are losing or if it is rising to sell or hold for the market to recover. But I have never put money in any shitcoin since I know it will not benefit me.

But I hope that some individuals who compare investing in Bitcoin to other shitcoins should understand as well, you were previously risking your money on coins that would stop you from being able to relax, but now you realize that investing in Bitcoin is valued more than gambling with our money. If you invest in Bitcoin for a long time, there is no danger involved, unlike others who invest in shitcoin, you won't experience any restlessness. We only need to concentrate on our accumulation; we don't need to worry about volatility in Bitcoin or the chance of losing money.

[PremiumcryptoHub]

* Then the greedy investors are the most stupid of them all, because they knows all the danger and all pertaining to alt and shit coin, but they still went ahead due to greed for 10x to 20x, so what am trying to say is that lack of right knowledge and greed are what makes most investors to even think of investing in alt and shit coin, if not, I believe that majority of all investors out there believes and  knows that Bitcoin is the only reliable asset in this crypto space.

Yes Bitcoin is the most trusted currency among crypto assets. Investing in altcoins is very risky. Now those who invest in altcoins for more profit lose money at the end of the day. Investing in altcoins can expect huge profits in a short period of time but will be more risky. It can be seen that some altcoins are not able to recover if the price drops.

Maybe this is not the right place to discuss all altcoins, memecoins, shitcoins and investing in these coins. How we can continue to buy bitcoins and what is important for us to hold the investment for the long term are mainly discussed here. Also there are other boards to discuss alt coins and it would be best for you to discuss there.

Can't expect 10x profit from Bitcoin? Of course it is possible to make $10x profit from Bitcoin

You once say you can't expect to make a profit from Bitcoin, and again you say it is definitely possible to make a profit from Bitcoin. Your statement is not entirely clear. Actually new investors should not think about profit from their investment first. In their early stages they should focus on how they can continuously buy bitcoins and how they can hold their investment for a long time.

Where was Bitcoin 10 years ago? Currently $100k plus, hopefully $1million in the future and maybe even more. So invest in bitcoin and hold bitcoin patiently hope you can take lot of profit from bitcoin too.

10 years ago i.e 2015 the price of Bitcoin was very low, at that time the price of one Bitcoin was about $500 dollars. But currently the price of one bitcoin is around $100k dollars. This increase in the price of Bitcoin may prove that those who have patiently held Bitcoin for the long term have been the most successful.

[bitzizzix]

Essentially, what you seem to be suggesting is that what EarnOnVictor is not being very representative of what normal people would do in similar circumstances, and so most likely we have to take what EarnOnVictor is saying that he did with a considerably decent sized grain of salt, including that he has been frequently proclaiming to be engaging in trading kinds of strategies rather than investing strategies, and he is also proclaiming that he bought BIG at the bottom of our BTC price timeline, and perhaps is going to imply that at some point he is going to sell BIG at (or near) the top, yet he is not even really announcing as he goes and he poo poos the idea of DCAing, including acting like normal guys can figure out in advance what the BTC price is going to do, and to attempt to provide himself as evidence of how guys can be smarter than the market (or see BTC price moves in advance).
-snip-  

Reading your reply, I can deduce you fully understand me to a high extent but no one is trying to "poo poos" on DCA. The DCA investment approach is a great one and has been tested and trusted for decades, it also works a great deal with Bitcoin, so it will be unfair for anyone to "poo poos" on it...lol. And for clarity, I DCA as well, the only difference is that I don't let one investment strategy tie my hands, unlike many others. If we are sincere to ourselves, the DCA approach is not the only working investment strategy, by virtue, diversifying my strategy is still on course.

Yes, that's right, DCA is not the only investment strategy that always works and is profitable because there are so many investment strategies that can be relied on and it all depends on the habits and comfort in doing it and also finances, some even use several strategies to get more profit in the long term or change it when the market situation changes and all still aims to generate good profits. DCA is indeed very reliable and also very friendly for beginners and also those who have financial or income limitations, because they cannot buy Bitcoin in large quantities and DCA is the best solution of all that and only by making periodic purchases according to ability, the Bitcoin owned will be collected and become large in the long term. So whatever the strategy is as long as it can generate profit in my opinion it doesn't matter because Bitcoin is the best choice in any investment strategy as long as it is done properly and correctly and also comfortable in doing it.

[Sticky Bomb]

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Since you are new to bitcoin investment, it would be better for you to focus your attention more on the DCA strategy so that it will allow you to consistently accumulate bitcoin when your discretionary income is readily available since you are a low coiner. All bitcoin investment strategies are meant for both the poor and the rich. Even though you are accumulating bitcoin with the DCA strategy, if you can figure out at some point that your discretionary income will allow you to buy bitcoin with a lump sum strategy without you getting off the game partially or permanently, go ahead and do it since it will help to increase your bitcoin amount.

I agree with you that you are suggesting to do DCA strategy. DCA strategy is very effective especially for any investor who is a bit uncomfortable with the amount of investment/accumulating.

I don't buy this idea at all, DCA is for anybody that gets income periodically and wishes to invest a part of that income otherwise known as discretionary income regularly into bitcoin. A person can also decide to spread his available bigger funds across a period of time too to smoothen the effect of volatility on his investment. You do not need to be disturbed about the amount you are investing into bitcoin, else you might be discouraged to continue investing. It might interest you that there are still people investing big amounts periodically, it all boils down to your capacity.

This strategy is for depositing any amount of Bitcoin. Discretionary income part which will increase the amount deposited as your job grade increases. Your opinion about lump sum investment strategy is very important and can be instructive for an investor. Actually a bitcoiner can decide to go ahead with lump sum strategy to increase his holdings but for that he should continue depositing regularly without breaking

You do not necessarily need to deposit any amount, but a fixed amount from your discretionary income regularly while you would have plans to increase that amount to yet another higher amount when your discretionary income increases. I would want to understand with you the fact that at some periods you might have more expenses which is equal to less discretionary income and that might affect your accumulation amount, but in that case you must plan to make up for the shortages ASAP to balance your purchases and reinstate your commitment to accumulating periodically with the fixed amount. Lump summing is good if you've good spare funds available, but you must be careful to strike a balance in your finances and not overdo it.

. Continuous Bitcoin accumulation requires changing your mental strategy with discretionary income so that the amount of deposit increases with the income and in an effort to spend the retirement years better.

Yeah, sure, the bigger your portfolio, the better your profits.

[sotelorene]

Keeping funds at hand to buy when the price of bitcoin dips is not lump sum but buying at the dip. Don't get it twisted, lump sum is when you have your bonus and use the money to buy bitcoin right aware regardless of the price of bitcoin. Like what you said there's nothing bad in splitting the funds in two or three parts, but if you don't buy right away with one part, you haven't lump sum.

Actually, some folks misunderstood buying at a DIP and lump summing. Buying at a DIP means keeping a discretionary income while waiting for the price of bitcoin to fall before buying but lump summing is simply what we call an ''all in''. An amount you have kept to invest at once probably without investing further amount again but only leave your investment to grow in the long term. @Frankolala, you sound a bit contradictory because for someone who wants to lump sum, there is no need of splitting funds again except for someone who want to start investing while keeping some amount to buy when a DIP occurs of which it can't be regarded as lump summing. Though an investor can still decide to split their discretionary income into three parts for DCA, lump summing and buying at a DIP.

You are actually right though they have a similarity which is buying and then one of the difference between these two strategy or method of accumulating Bitcoin is that, an investor can actually lump sum whether dip or not but an investor who uses the buy Dip method can only invest or buy when there is downtrend in the market. However, it will be more advantageous for an investor to buy during the Dip because they are going to accumulate more figure of Bitcoin compared to when there's no Dip. And again lump summing doesn't mean an investor won't continue his investment again off course they will that is if after lump summing they still have the capacity as a matter of fact I have seen someone who has lump sum and still continue with the DCA method which is very strategic and I believe with little or no time his portfolio will be great and also I think that is the fastest way or approach to build our..., only if one have the capacity.

[Stablexcoin]

  The dedicated trader I know who is regularly able to capture trades and walk away from it win or loss without being too caught up also rises at 4am every morning, watches the Japanese markets onwards for the best clue on how global sentiment is rebounding in markets that day.  Most of us lack both the clarity and dedication to really listen for the smallest clues how to proceed that day which might be completely different to the next.

Actually you have some clear understanding about traders but I believed that Bitcoin investment is more better and safer than trade. And you should  know that any sudden change can make a trader to loss his trade. Emotions can also make a trader to loss his trade. Lack of risk management can also make a trader loss his trade. Technical failure cam also make a trader losa his trade. When I said technical failure I mean that your account might be compromised or their might be a cyber-securitybreache. All those things I have mentioned are what will probably make a trade to be lost. For me trade is like a higher standard gamble, just like you said, one need to wake up early as 4AM to monitor the market so that can have a clue on how to carryout their daily trade. But on Bitcoin investment, you don't need to do all that as the investment is more safer than trading.

Trading is not acceptable here in this thread. I believe any discussion of trading might seem to be deviating the conversation from the original discussion we have. Only few has been able to make it in trading, while the rest are in agony. We choose investing in Bitcoin here because it is much safer than when someone choses trading. If a proper strategy is implemented from the beginning of our investment tagged with a consistent goal in mind. No investor would regret every buying Bitcoin.

You are repeating the same thing over and over again. Buying on Lump sum is not a do or die thing. Everyone should cut their coat according to their size. If you have to lump sum then do it if you don't have then go with DCA. Smaller investors should use a strategy that suits their financial capability and leave huge investors to lump sum.

Since you are new to bitcoin investment, it would be better for you to focus your attention more on the DCA strategy so that it will allow you to consistently accumulate bitcoin when your discretionary income is readily available since you are a low coiner. All bitcoin investment strategies are meant for both the poor and the rich. Even though you are accumulating bitcoin with the DCA strategy, if you can figure out at some point that your discretionary income will allow you to buy bitcoin with a lump sum strategy without you getting off the game partially or permanently, go ahead and do it since it will help to increase your bitcoin amount.

The most important thing here is to buy when the funds is available, though the DCA accumulating strategy gives you the flexibility of buying anytime money comes into your hand , either monthly or weekly but the key thing here is buying when you have the funds to do so, and when buying it's very important you pay less attention to the price, because the goal is to accumulate as much Bitcoin as possible, if you pay attention to the value of Bitcoin you might procrastinate by waiting for the price to go deeper which is not good at all, because you might miss a buying opportunity thinking that the value might go deeper, so it's very important that we seize every buying opportunity that comes our way as long as the funds is available, while our emergency funds is kept aside for future emergencies.

You are misunderstanding everything they said about buying with a structured strategy. Its wrong to keep buying Bitcoin every time without a proper DCA strategy planned. And the reason is because aside the urge to keep investing we as human have the necessary and basic things of life. If investing often without taking consideration of our necessities then we might get caught in the web of life. Our basic needs must comes first before investing. That is the essence of DCA. DCA isn't all about buying Bitcoin without looking at the price but it has to do with buying Bitcoin with our discretionary income every weeks, two week or monthly as the case maybe.