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Author Topic: Buy the DIP, and HODL!  (Read 243286 times)
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January 09, 2025, 08:21:46 AM
 #13161

Different people have different strategies in terms of investment and everybody have a particular strategy that work for them.
Buying Bitcoin by DCA does not necessary mean that the investor have limited capital, most people that buy Bitcoin by DCA still have the capital for lump sum but one of the reason why some people prefer DCA to lump sum is that some people see lump sum as a method that is risky because of the volatile nature of Bitcoin which they cannot possible tell what the price may be in the future. So to avoid any uncertainty in regard to dip they see DCA as precautionary way of buying Bitcoin than lump sum which requires buying Bitcoin at once with the capital at hand without considering whether the price will dip or not.

Buddy yea people decide to chose whatever strategy they are comfortable with but in all many people still prefer DCA method no doubt, I don't understand what you mean by lump sum being risky because of volatility, mate volatility is Bitcoin thing and I believe that an interested and a ready investor that understand the concept of Bitcoin will not want to buy with a lump sum amount just because of volatility I don't think you're right in this one, even though such person decide not but in lump sum does that stop volatility, volatility favour both upsurge and dip but that wouldn't deter anyone from buying in a lump sum if they have the lump sum amount ready at anytime.

-snip-

Quite agree with what you said that people who do not choose to invest with a lump sum are not because of the volatility of the bitcoin price, but it could be more about him choosing to play it safe and less stressed by doing DCA. It's like someone who is new to Bitcoin and only has basic knowledge, but he wants to jump into Bitcoin investment, he chooses to do DCA more to invest gradually either daily or weekly, it's like testing the waters before fully committing or involving his money completely in Bitcoin, and while seeing how his risk tolerance is on that.

R


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DubemIfedigbo001
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January 09, 2025, 08:43:58 AM
 #13162


I totally agree to all what you said here, while the DCA accumulating strategy remains the best accumulating strategy, that doesn't make the lumps sum strategy bad, the most important thing is investing when the funds is available, and sticking to your investment without you tempering with it in the future.

When it comes to DCA, an investor can still decide to lumpsum as Buying Dip, there're some dips that could be missed forever, if  an investor spot a particular DIP and he's convinced about it them he can lumpsum  as there's no point DCAing above the dip when you could have just buy the Dip. This is a choice left to be determined by the investor though, buying dips can still be done as DCA just that the amount can be increased unlike the normal amount used for interval purchases, if the Buyer is so convinced then he can just buy at once. For example,Last year 48k was a good example, some investors might  believed it will never comeback to 48k , causing them to take the lumpsum into consideration at that point by buying the dip maybe ( and that was indeed true  ).

There is a distinction between DCA and buying the dip. DCA is a periodic purchase of Bitcoin in smaller quantities with the aim of accumulating a fairly bigger quantity on the long run. The goal is to accumulate a bigger stash in a slow and steady process.
While
Buying the dip is purchasing more quantities of BTC at a much lower price when you stumble upon it. Buying the dip is different from DCA, although your DCA accumulation can cut through the dip, but to properly take advantage of the dip and use that accumulation strategy called buying the dip, you'll need to use a bigger sum to buy more quantities of Bitcoin at that very low price otherwise referred to as a dip.

It is not entirely advisable for a newbie who haven't accumulated a decent stash of BTC to just buy the dip and stop there, As far as you've discretionary income available, you should plan to follow up the dip with purchases using DCA. Good thing you can also save up for another dip alongside your periodic accumulation. Continuing your accumulation journey gives you more benefits beyond just acquiring BTC. It surely helps in being able to manage your cashflow better.

You have a point but let's be honest and ask ourselves. How many of us have had 8hours of sleep ever since we joined the cryptocurrency market space?
Waking up at 4 0 clock in the morning is not only applicable to trades, but it is also applied to everyone in the crypto market who wants to take advantage of the market the early morning time is known as the best time to do so before any manipulation or liquidation will happen in the afternoon.

I also never liked the idea of day trading of crypto, and going for the memecoin, or shitcoin is the worse structure for crypto traders because they are mostly created by the team involved to earn some quick bucks.
I still have enough rest when I want because I didn't join cryptocurrency markets, but I joined Bitcoin investment and a Bitcoin investor need not be disturbed with market dynamics since his investments is for a long-term.

What markets are you talking advantage of? and what liquidation and manipulations are you afraid of? All these are plights of a trader, always on his toes guarding against a wrong and risky outcome and denying themselves sleep. Investors are never like that, our duty it's primarily to make available more discretionary income for our next purchase while remaining productive with our lives. Shitcoins and memecoins involvement would only bring you loses. If you want more value for your money on a relaxed mind, embrace Bitcoin accumulation now.

 
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January 09, 2025, 08:44:10 AM
 #13163

Different people have different strategies in terms of investment and everybody have a particular strategy that work for them.
Buying Bitcoin by DCA does not necessary mean that the investor have limited capital, most people that buy Bitcoin by DCA still have the capital for lump sum but one of the reason why some people prefer DCA to lump sum is that some people see lump sum as a method that is risky because of the volatile nature of Bitcoin which they cannot possible tell what the price may be in the future. So to avoid any uncertainty in regard to dip they see DCA as precautionary way of buying Bitcoin than lump sum which requires buying Bitcoin at once with the capital at hand without considering whether the price will dip or not.

Buddy yea people decide to chose whatever strategy they are comfortable with but in all many people still prefer DCA method no doubt, I don't understand what you mean by lump sum being risky because of volatility, mate volatility is Bitcoin thing and I believe that an interested and a ready investor that understand the concept of Bitcoin will not want to buy with a lump sum amount just because of volatility I don't think you're right in this one, even though such person decide not but in lump sum does that stop volatility, volatility favour both upsurge and dip but that wouldn't deter anyone from buying in a lump sum if they have the lump sum amount ready at anytime.

-snip-

Quite agree with what you said that people who do not choose to invest with a lump sum are not because of the volatility of the bitcoin price, but it could be more about him choosing to play it safe and less stressed by doing DCA. It's like someone who is new to Bitcoin and only has basic knowledge, but he wants to jump into Bitcoin investment, he chooses to do DCA more to invest gradually either daily or weekly, it's like testing the waters before fully committing or involving his money completely in Bitcoin, and while seeing how his risk tolerance is on that.

You're right for the fact that One chooses to invest in bitcoin using the DCA method does not mean that he/she does not have enough money to buy in bulk, of course if it is your first time of investing in bitcoin you will always want to play safe because is your first time of investing so you will always want to go with the amount you can easily afford so that even when you experience lose in the market is not going to affect you in anyway. I'm pretty sure that anyone who's new in this crypto space will always want to do the same, you can decide to buy in bulk when you finally understand how the market works.

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January 09, 2025, 09:24:07 AM
 #13164

You're right for the fact that One chooses to invest in bitcoin using the DCA method does not mean that he/she does not have enough money to buy in bulk, of course if it is your first time of investing in bitcoin you will always want to play safe because is your first time of investing so you will always want to go with the amount you can easily afford so that even when you experience lose in the market is not going to affect you in anyway. I'm pretty sure that anyone who's new in this crypto space will always want to do the same, you can decide to buy in bulk when you finally understand how the market works.

Buying Bitcoin in large amounts and also in small amounts is actually still not much different even though the amount is very different. But for investors who always target big profits in the long term through Bitcoin investment, of course they will use every method that they think is still comfortable enough which generally will not interfere with their own living conditions from day to day.

In addition, investors must also have a higher level of patience in maintaining the investment assets that they have purchased without having the thought of immediately releasing the assets when there is an increase in price or correction in the price of Bitcoin which might cause panic in their own minds. Because every investor must have the goal of buying more than selling, certain methods such as DCA can still be used to support their own plans.

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January 09, 2025, 09:48:51 AM
Merited by Sim_card (2), JayJuanGee (1)
 #13165


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
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January 09, 2025, 09:53:22 AM
Merited by fredericktaylor (2), JayJuanGee (1), Olatundespo (1)
 #13166


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
Can you guarantee that only rich people have invested in Bitcoin i.e buying Bitcoin and that poor people have never invested in Bitcoin? Your idea is completely wrong because if a person invests using DCA strategy then whether he is rich or poor he can invest. Anyone can now invest using DCA strategy as all it takes is a small amount of money and a little knowledge to invest in this method. But whether a person is rich or poor, he must have a source of income through which he will be able to continue investing.

Investing in Bitcoin doesn't mean you have to invest a huge amount of money all at once.Those who have such a mindset think that poor people cannot invest in Bitcoin. In fact, investing in Bitcoin does not require a large amount of money at the initial stage if the person uses the dollar cost averaging strategy in investing.


I would like to agree with your opinion. Because most people think that to invest in Bitcoin, they have to own a lot of money. In fact, this is not the case. Investing in Bitcoin is completely your own plan and personal desire. I know that the price of Bitcoin is very high, buying just one Bitcoin is nothing but a dream for the common man. But using the DCA method, anyone can buy some part of Bitcoin with a certain part of his monthly income, which will reach a good amount at the end of the year. I would like to tell you a little about how the common man can buy Bitcoin. Let's say that if a person's monthly income is 10 thousand, then if he invests only 2 thousand taka in Bitcoin from there, he will have 24 thousand taka at the end of the year. Again, if someone's monthly income is 20 thousand, if he deposits 4 thousand, he will have 36 thousand taka at the end of the year. In this way, everyone will invest according to their income ratio. Here, having a habit of regular investment is much more important than making big investments.

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January 09, 2025, 09:58:00 AM
 #13167

You're right for the fact that One chooses to invest in bitcoin using the DCA method does not mean that he/she does not have enough money to buy in bulk, of course if it is your first time of investing in bitcoin you will always want to play safe because is your first time of investing so you will always want to go with the amount you can easily afford so that even when you experience lose in the market is not going to affect you in anyway. I'm pretty sure that anyone who's new in this crypto space will always want to do the same, you can decide to buy in bulk when you finally understand how the market works.

In addition, investors must also have a higher level of patience in maintaining the investment assets that they have purchased without having the thought of immediately releasing the assets when there is an increase in price or correction in the price of Bitcoin which might cause panic in their own minds.


One technical side of Bitcoin holding is that patience alone is not enough for you to hold successfully on the longer run, because at the end of the day, a source of income and an emergency funds is even more important than been patience because you might be forced to sell at a loss or even prematurely so as to address a pressing financial needs or an emergency like health issues, though patience is important, but patience alone is not enough to hold successfully, a source of income and an emergency funds are very much key in your ability to hold without tempering with it in the future.

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January 09, 2025, 10:01:25 AM
Merited by JayJuanGee (1)
 #13168

Different people have different strategies in terms of investment and everybody have a particular strategy that work for them.
Buying Bitcoin by DCA does not necessary mean that the investor have limited capital, most people that buy Bitcoin by DCA still have the capital for lump sum but one of the reason why some people prefer DCA to lump sum is that some people see lump sum as a method that is risky because of the volatile nature of Bitcoin which they cannot possible tell what the price may be in the future. So to avoid any uncertainty in regard to dip they see DCA as precautionary way of buying Bitcoin than lump sum which requires buying Bitcoin at once with the capital at hand without considering whether the price will dip or not.

Buddy yea people decide to chose whatever strategy they are comfortable with but in all many people still prefer DCA method no doubt, I don't understand what you mean by lump sum being risky because of volatility, mate volatility is Bitcoin thing and I believe that an interested and a ready investor that understand the concept of Bitcoin will not want to buy with a lump sum amount just because of volatility I don't think you're right in this one, even though such person decide not but in lump sum does that stop volatility, volatility favour both upsurge and dip but that wouldn't deter anyone from buying in a lump sum if they have the lump sum amount ready at anytime.

-snip-

Quite agree with what you said that people who do not choose to invest with a lump sum are not because of the volatility of the bitcoin price, but it could be more about him choosing to play it safe and less stressed by doing DCA. It's like someone who is new to Bitcoin and only has basic knowledge, but he wants to jump into Bitcoin investment, he chooses to do DCA more to invest gradually either daily or weekly, it's like testing the waters before fully committing or involving his money completely in Bitcoin, and while seeing how his risk tolerance is on that.
It is quite fine and normal to engage with caution at the beginning of your involvement in Bitcoin until you're fully convinced that it's a good investment, I did it myself and learned over time of it's credibility. No one comes into Bitcoin as a newbie figuring it all out, but we get better in our knowledge of Bitcoin over time as we remain consistent.

The greatest error is to do nothing and just observe. You get nothing from doing nothing and you don't get better at something too if you aren't action mined. Potential investors who have discretionary income available, but refuse to get involved in Bitcoin end up in regrets as Bitcoin price heightens. The best thing is to start small and the more you learn and get convinced, the bigger your commitments to accumulating Bitcoin more aggressively until you acquire a decent stash of Bitcoin.

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January 09, 2025, 12:33:52 PM
Merited by Jewan420 (2)
 #13169

Different people have different strategies in terms of investment and everybody have a particular strategy that work for them.
Buying Bitcoin by DCA does not necessary mean that the investor have limited capital, most people that buy Bitcoin by DCA still have the capital for lump sum but one of the reason why some people prefer DCA to lump sum is that some people see lump sum as a method that is risky because of the volatile nature of Bitcoin which they cannot possible tell what the price may be in the future. So to avoid any uncertainty in regard to dip they see DCA as precautionary way of buying Bitcoin than lump sum which requires buying Bitcoin at once with the capital at hand without considering whether the price will dip or not.

Buddy yea people decide to chose whatever strategy they are comfortable with but in all many people still prefer DCA method no doubt, I don't understand what you mean by lump sum being risky because of volatility, mate volatility is Bitcoin thing and I believe that an interested and a ready investor that understand the concept of Bitcoin will not want to buy with a lump sum amount just because of volatility I don't think you're right in this one, even though such person decide not but in lump sum does that stop volatility, volatility favour both upsurge and dip but that wouldn't deter anyone from buying in a lump sum if they have the lump sum amount ready at anytime.

-snip-

Quite agree with what you said that people who do not choose to invest with a lump sum are not because of the volatility of the bitcoin price, but it could be more about him choosing to play it safe and less stressed by doing DCA. It's like someone who is new to Bitcoin and only has basic knowledge, but he wants to jump into Bitcoin investment, he chooses to do DCA more to invest gradually either daily or weekly, it's like testing the waters before fully committing or involving his money completely in Bitcoin, and while seeing how his risk tolerance is on that.
There are many investors who are afraid to invest in the beginning, they are afraid to invest in Bitcoin due to market volatility, for them, investing in DCA on the one hand makes the investor confident and on the other hand they are able to learn more about Bitcoin. Because of which they increase the investing amount in the future. By doing DCA, an investor benefits in all areas. Some new investors may be encouraged to invest in other cryptocurrencies without increasing their Bitcoin investment because they do not have enough money. But if they plan to do DCA, they can only hold Bitcoin regularly. Applying this strategy, an opportunity will be created for long-term holding, which can make the investor profitable.

For those who are interested in lump sum investments, it can be difficult to hold Bitcoin for the long term. They may sell Bitcoin for a small profit, but those who plan for the long term by doing DCA can be a strong holder. Stress free investing can certainly give the investor many advantages in holding it for the long term.

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January 09, 2025, 12:39:44 PM
 #13170


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

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January 09, 2025, 01:11:24 PM
 #13171


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.
You don't necessary need to constantly be in the market, all you just need to do is to buy and hold, which is what can do easily while utilizing the DCA accumulating strategy, the set of people that are always in the market are traders, not investors like us.
Or do you want to trade your Bitcoin for minimal gains?
If not what's the point constantly being in the market? Just buy and hold for the future, that's it.

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January 09, 2025, 01:21:25 PM
 #13172

You're right for the fact that One chooses to invest in bitcoin using the DCA method does not mean that he/she does not have enough money to buy in bulk, of course if it is your first time of investing in bitcoin you will always want to play safe because is your first time of investing so you will always want to go with the amount you can easily afford so that even when you experience lose in the market is not going to affect you in anyway. I'm pretty sure that anyone who's new in this crypto space will always want to do the same, you can decide to buy in bulk when you finally understand how the market works.

Buying Bitcoin in large amounts and also in small amounts is actually still not much different even though the amount is very different. But for investors who always target big profits in the long term through Bitcoin investment, of course they will use every method that they think is still comfortable enough which generally will not interfere with their own living conditions from day to day.

In addition, investors must also have a higher level of patience in maintaining the investment assets that they have purchased without having the thought of immediately releasing the assets when there is an increase in price or correction in the price of Bitcoin which might cause panic in their own minds. Because every investor must have the goal of buying more than selling, certain methods such as DCA can still be used to support their own plans.
In the case of Bitcoin investment, an investor must operate DCA mathod with a certain amount of money according to his own means (according to his income and expenses). only in DCA method helps an investor reduce risk of market fluctuations, move his holdings forward in a stable and consistent manner, which allows him to hold at an average price in the long term, but a investor can't get this benefit is other methods, such as Speculator and just hoping to buy DIPs.
Bitcoin is an independent currency, you can invest here according to your own freedom, and Bitcoin is a long-term potential currency, so it is very important to have the mental strength to maintain your goals in the long term without panicking by investing in Bitcoin.
It should be remembered that Bitcoin is capable of bringing future-changing success to an investor, and if you want to achieve this success, you need to start DCA investing now, and build a Bitcoin investment portfolio. The more portfolio an investor builds, He can profitable more.

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January 09, 2025, 01:28:54 PM
Last edit: January 09, 2025, 04:59:36 PM by Frankolala
Merited by JayJuanGee (1)
 #13173

You're right for the fact that One chooses to invest in bitcoin using the DCA method does not mean that he/she does not have enough money to buy in bulk, of course if it is your first time of investing in bitcoin you will always want to play safe because is your first time of investing so you will always want to go with the amount you can easily afford so that even when you experience lose in the market is not going to affect you in anyway. I'm pretty sure that anyone who's new in this crypto space will always want to do the same, you can decide to buy in bulk when you finally understand how the market works.

Buying Bitcoin in large amounts and also in small amounts is actually still not much different even though the amount is very different. But for investors who always target big profits in the long term through Bitcoin investment, of course they will use every method that they think is still comfortable enough which generally will not interfere with their own living conditions from day to day.

In addition, investors must also have a higher level of patience in maintaining the investment assets that they have purchased without having the thought of immediately releasing the assets when there is an increase in price or correction in the price of Bitcoin which might cause panic in their own minds. Because every investor must have the goal of buying more than selling, certain methods such as DCA can still be used to support their own plans.
In the case of Bitcoin investment, an investor must operate DCA mathod with a certain amount of money according to his own means (according to his income and expenses). only in DCA method helps an investor reduce risk of market fluctuations, move his holdings forward in a stable and consistent manner, which allows him to hold at an average price in the long term,but a investor can't get this benefit is other methods, such as Speculator and just hoping to buy DIPs.
Bitcoin is an independent currency, you can invest here according to your own freedom, and Bitcoin is a long-term potential currency, so it is very important to have the mental strength to maintain your goals in the long term without panicking by investing in Bitcoin.
It should be remembered that Bitcoin is capable of bringing future-changing success to an investor, and if you want to achieve this success, you need to start DCA investing now, and build a Bitcoin investment portfolio. The more portfolio an investor builds, He can profitable more.
You are wrong for you to say that it's only DCA method that an investor must use to accumulate bitcoin before he can make profit.

Buying at the dip gives the highest profit especially, if you are lucky to buy at the bottom line. Lump sum will also give you profit as long as you hodli for a very long period of time, you will be profitable because bitcoin price is increasing overtime.

Why it's advisable for new investors who are no coiners or low coiners to use the DCA method, because it helps them to be more discipline in their bitcoin accumulation either weekly or monthly regularly so that their bitcoin stash can keep on increasing whenever they buy either weekly or monthly.

A bitcoin investor who have accumulated up to 60% of his bitcoin target can settle down with using only buying the dip method to accumulate his bitcoin because if he has a good portion of bitcoin in his possession, and buying at the dip helps him go buy more Bitcoin at a cheaper rate which will add significant value to his portfolio. All three methods are profit and that's why you need to know the right time to use them.

 A new bitcoin investor does not need to wait for the dip not to waste his time and miss the opportunity in the market. I believe using all three strategies gives a better result than only using DCA which is a slow way but very effective if you are consistent and persistent with it overtime. Lump sum can be done at anytime either in the beginning of your investment or when your bitcoin accumulation is ongoing. Also don't forget that it's the size of your bitcoin portfolio and how long you have have hodli that will determine the size of your profit in future.

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January 09, 2025, 01:32:16 PM
Merited by JayJuanGee (1)
 #13174

It is quite fine and normal to engage with caution at the beginning of your involvement in Bitcoin until you're fully convinced that it's a good investment, I did it myself and learned over time of it's credibility. No one comes into Bitcoin as a newbie figuring it all out, but we get better in our knowledge of Bitcoin over time as we remain consistent.

The greatest error is to do nothing and just observe. You get nothing from doing nothing and you don't get better at something too if you aren't action mined. Potential investors who have discretionary income available, but refuse to get involved in Bitcoin end up in regrets as Bitcoin price heightens. The best thing is to start small and the more you learn and get convinced, the bigger your commitments to accumulating Bitcoin more aggressively until you acquire a decent stash of Bitcoin.

I agree with your point, as a beginner you have to take cautionary measures, especially in keeping your mnemonic seed, and passphrase safe, and making p2p transactions. though before I started accumulating bitcoin I had already gained enough trust just by relating with comments and thoughts of other experienced enthusiasts here in this forum, and that helped me gain confidence, at first, I thought you'd need a lump sum to accumulate bitcoin not until I found this tread and learned about DCA that was how I made my first accumulation journey. one of the things I love about Bitcoin is that both the rich and poor have the opportunity to use it and accumulate to their desired amount. However, there is a limited amount in circulation but that is also another important feature of Bitcoin and the reason why speculation says bitcoin will keep rising irrespective of the small bearish movements or sideways trend we see in the market often.

procrastination only ends up in regrets. those who procrastinate going into long-term holding will only discover that the price keeps going up and the further you see the price go up the more you begin to lose faith as a beginner. But the truth is, you can always buy and still make a profit using a long-term plan. take for instance, those who thought the price of bitcoin had gone up too far in 2017 only had to wait till 2018 to discover that the price has gone up above 2111% one thing I like to tell beginners is, to forget about the previous price and take the current price as your start up there is going to be some profits coming around.

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January 09, 2025, 01:55:11 PM
 #13175


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.

 
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January 09, 2025, 02:05:06 PM
Merited by JayJuanGee (1), Outhue (1)
 #13176


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.

Bitcoin investment is not as difficult as your narrative on the bolded part, honestly your narratives on that bolded part can pass a negative information and can be misleading especially to newbies coming in to the thread, it is lack of understanding that makes some people think that Bitcoin is for the strong hearted, Bitcoin investment to the best of my knowledge is very much simplify especially with idea of investing from our discretionary income, that is to say, you will first ensure that your basic needs are taken care of and use the left over cash to invest and I don't see it as a big deal, that your are investing in Bitcoin doesn't mean you will not take care of yourself and go for vacation.
In addition to what you said, an emergency should be set up when investing in bitcoin to make it possible for your to invest and hodli for long. Any investors that didn't plan on how build his emergency funds to be a back up for his bitcoin investment will say that bitcoin investment is hard to invest and hodli for long, because when he is hit with an emergency, he will be forced to sell his bitcoin investment at a cheaper rate if the market is experiencing a dip. Using the right amount of your discretionary income to invest regularly with being over aggressive will enable you survive in your long-term bitcoin accumulation journey. Back up funds are very important and that's why it's good to get several backup funds for flexibility to reach our bitcoin target.

R


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January 09, 2025, 02:08:18 PM
Merited by JayJuanGee (1)
 #13177

In the case of Bitcoin investment, an investor must operate DCA mathod with a certain amount of money according to his own means (according to his income and expenses). only in DCA method helps an investor reduce risk of market fluctuations, move his holdings forward in a stable and consistent manner, which allows him to hold at an average price in the long term, but a investor can't get this benefit is other methods, such as Speculator and just hoping to buy DIPs.
Bitcoin is an independent currency, you can invest here according to your own freedom, and Bitcoin is a long-term potential currency, so it is very important to have the mental strength to maintain your goals in the long term without panicking by investing in Bitcoin.
It should be remembered that Bitcoin is capable of bringing future-changing success to an investor, and if you want to achieve this success, you need to start DCA investing now, and build a Bitcoin investment portfolio. The more portfolio an investor builds, He can profitable more.
Preparing cold money and doing DCA on bitcoin is indeed a more practical alternative way to become a long-term investor in bitcoin. But it is true, that mentality still needs to be prepared even if we invest in bitcoin using the DCA method. Because it cannot be denied that a weak mentality tends to thwart the plans we have built. For example, someone invests in bitcoin using the DCA method, that person accumulates very regularly every week. But at one time bitcoin experienced a decline in price, and the person panicked and was afraid that bitcoin would continue to fall in price. Then because of his weak mentality and lack of knowledge, this person finally sold the bitcoins he had collected, because he was afraid that the price of bitcoin would fall further.

Then the second example, this second example is the opposite of the first example
In the first example, the person sold the bitcoin he owned because he was afraid of the price falling. But in this second example, the person sold bitcoin because he forgot his initial plan and sold his bitcoin when the price increased. Therefore, if we look at these two examples, it is clear that a strong mentality is also needed to make our investment in Bitcoin successful. Because as I demonstrated above, a weak mentality can disrupt our investment plans in all conditions. Therefore, building a strong mentality is also very important when we enter the realm of bitcoin investment.

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January 09, 2025, 02:35:17 PM
Merited by JayJuanGee (1)
 #13178


I'm not sure why qurbanshah02 is suggesting other things when there's nothing in this topic that compares Bitcoin to other investments. I see he is not new to this thread; perhaps his mind was not here while saying that, and on this thread, we talk about the way to concentrate on our accumulation, we aren't concerned if other coins do well in the future, we just concentrate on our holdings and believe in Bitcoin because it has been successful for many years.

Many people believe that other coins will perform the same as Bitcoin, however, at this time and in the near future, an investor will choose Bitcoin over other coins. Bitcoin investing is risky, but our chances of losing money are smaller than some newbies believe. Nobody wants to lose money while investing, which is why it is best to focus on Bitcoin accumulation utilizing the DCA methods to prevent any stories of losing money when investing in areas aside from Bitcoin.
I totally agree with what you said I was just responding to someone who talked about spend money on bitcoin which led to the talk of investing in bitcoin. And anyway I'm new to this thread that why I talked about trading. I also say that bitcoin is a success coin and nothing else is as hard and successful as it. But I talked about other coins because it also mentioned poverty and the poor can't afford Bitcoin that why I said there is no coin that can succeed like Bitcoin. If possible the poor can invest their money there. Although you can invest money in Bitcoin you also know that the poor do not have enough money to buy even half a Bitcoin.
But you don't need to have the money to buy 1 bitcoin or half bitcoin before you can invest in bitcoin. No matter your financial level you can invest in bitcoin, if you have it in mind to invest in it. If you keep investing little by little over the years, before long you can have up to half of the bitcoin you couldn't afford at once. That's why it's always advisable to have a long time perspective when investing in bitcoin, so that if you keep accumulating gradually, before the end of your accumulation period, you must have accumulated a reasonable stash of bitcoin. Before you know it, you may have accumulated up to that 1 bitcoin or the half of the bitcoin you couldn't afford to buy at once. So you saying the poor can't afford bitcoin is wrong, anyone can afford bitcoin.
In as much as Bitcoin investment is concerned,it takes the strong hearted to invest in it,even when using the DCA method or otherwise because of the fear of the unknown about the market price and alot of risk involved in it ,when using DCA method, it helps you accumulate and manage your resources to constantly be in the market,since it does not have a fixed amount to buy, instead you buy what you can afford,DCA method remains the best method of accumulating if you choose to buy bit by bit no matter how little it might be,you keep growing.
Your comment will likely mislead newbies into believing that bitcoin investment is only meant for the strong-hearted minds, which will make them not invest in bitcoin because they will believe they are not in the right position or mind to start up their bitcoin investment. From the way you are sounding, it is like you are passing through so much pressure to invest in bitcoin because the last time I checked, bitcoin investment is very easy to start, and it doesn't require any strong-hearted persons to start but only your discretionary income. Bitcoin investment is best done when you use the money you will not be needing for 4-10 years or more to invest in bitcoin or when you invest with your discretionary income in such a way that you will not always struggle to sort out your daily expenses so that you will not deprive yourself of the good things of this world.

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January 09, 2025, 02:39:35 PM
 #13179

First we are in a bitcoin thread, so take your dumbass shitcoin talking points to some other thread, even if we might assume you are giving good advice to even consider any other coin..
If you had read my second line well, maybe you wouldn't have made such a comment. I just meant that many new investors invest in coins other than Bitcoin. That's why I mentioned first that choosing the right coin for investment is a must. Those who have idea about investment and who have good knowledge about different coins in crypto market will choose bitcoin for their investment and I always suggest bitcoin for investment. Not once in my post did I tell investors to invest in other lite coins in the market. In this discussion of mine I talk about Bitcoin full time and I am an investor myself and I always feel comfortable investing in Bitcoin. Since I have been involved in investing for a long time, I have seen the evolution of Bitcoin and the popularity of Bitcoin. 
Since I know enough about bitcoin why will I talk about other coins other than bitcoin also for investment.

In the full discussion I discuss Bitcoin as well as the benefits of the DCA investment strategy.
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January 09, 2025, 02:53:06 PM
Last edit: January 09, 2025, 03:10:19 PM by cryptoWODL
Merited by JayJuanGee (1)
 #13180

Different people have different strategies in terms of investment and everybody have a particular strategy that work for them.
Buying Bitcoin by DCA does not necessary mean that the investor have limited capital, most people that buy Bitcoin by DCA still have the capital for lump sum but one of the reason why some people prefer DCA to lump sum is that some people see lump sum as a method that is risky because of the volatile nature of Bitcoin which they cannot possible tell what the price may be in the future. So to avoid any uncertainty in regard to dip they see DCA as precautionary way of buying Bitcoin than lump sum which requires buying Bitcoin at once with the capital at hand without considering whether the price will dip or not.

Buddy yea people decide to chose whatever strategy they are comfortable with but in all many people still prefer DCA method no doubt, I don't understand what you mean by lump sum being risky because of volatility, mate volatility is Bitcoin thing and I believe that an interested and a ready investor that understand the concept of Bitcoin will not want to buy with a lump sum amount just because of volatility I don't think you're right in this one, even though such person decide not but in lump sum does that stop volatility, volatility favour both upsurge and dip but that wouldn't deter anyone from buying in a lump sum if they have the lump sum amount ready at anytime.

-snip-

Quite agree with what you said that people who do not choose to invest with a lump sum are not because of the volatility of the bitcoin price, but it could be more about him choosing to play it safe and less stressed by doing DCA. It's like someone who is new to Bitcoin and only has basic knowledge, but he wants to jump into Bitcoin investment, he chooses to do DCA more to invest gradually either daily or weekly, it's like testing the waters before fully committing or involving his money completely in Bitcoin, and while seeing how his risk tolerance is on that.
There are many investors who are afraid to invest in the beginning, they are afraid to invest in Bitcoin due to market volatility, for them, investing in DCA on the one hand makes the investor confident and on the other hand they are able to learn more about Bitcoin.
It is natural that people who do not have any knowledge about investing at the initial stage are afraid to invest. As the price of Bitcoin is constantly fluctuating, this kind of thinking is created among them. We should convince those people that Bitcoin investment is easy and a little bit of knowledge is enough to invest in Bitcoin. Also those who are interested in investing through DCA strategy from early stages should be aware that making your income source is the most important for your investment.
Quote
By doing DCA, an investor benefits in all areas.
Investors benefit more through the DCA strategy which means that, By adopting this method your Bitcoin purchases will continue continuously whether on a weekly or monthly basis. Also you don't have to wait for dip time to buy bitcoins. As a result, you can buy bitcoins even if the price of bitcoins is high and you can buy bitcoins even if the price of bitcoins is low.
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Some new investors may be encouraged to invest in other cryptocurrencies without increasing their Bitcoin investment because they do not have enough money. But
Maybe this is the worst and most misconception of them all because you don't need huge amount of money to invest in Bitcoin. Investment can be started even with a small amount of money. They can start investing with a small portion of their income and when their income increases, their investment amount will also increase.
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other cryptocurrencies
By the way,Other cryptocurrencies refer to various types of alt coins and sit coins.Maybe this is not the place to discuss these. You should take them to another board.
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They may sell Bitcoin for a small profit,
Those who sell bitcoin investment for small profit are not investors, Maybe an experienced and successful investor wants to patiently hold his Bitcoin investment for a long time, even prolonging his investment for at least 8 to 10 years.
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