Buy the DIP, and HODL!

[Gallar]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run. Because in general the method is to buy with the ability that we have so that it is not at all burdensome for us as buyers, but if we do it on coins that are not good, of course the method is useless because we apply it to the wrong assets. So just use the method in collecting Bitcoin and consider it a smarter investment step than our own life.

It maybe generally used for any suitable asset but it doesn't mean that its also good to apply on some shitcoins out there since they are just wasting their money also effort if they think about paying some attention with those scams.

If they used it for those ideal asset like Bitcoin then provably that they will never be wrong from applying that method in that coin.

This method will really be useless if those scam devs do their rug pull schemes that's why its better avoid doing shit stuff with those thing and just better focus on more realistic investment with Bitcoin.

DCA is a strategy for purchasing investment assets periodically. However, what is certain is that the asset to be invested in must have a promising market cycle or volatility. Because if, for example, we do DCA on altcoins or what are usually called junk coins, it is clear that this will not be effective. Because Trash Coin certainly doesn't have a definite cycle like Bitcoin, so the price of the Trash Coin we buy could be zero. Because the important point we have to remember here is that altcoins are centralized, which means that at some point the coin can have its liquidity taken away by the creator of the coin. So clearly the price can drop to zero. If that's the case, we will definitely experience total loss and won't be able to do anything. That's why I don't think there is an effective purchasing method for investing in junk coins. Because in the end it will definitely remain the same, namely you will experience losses.

In contrast to bitcoin, as we know, bitcoin is decentralized, which means that no party can take liquidity in bitcoin. Therefore, the potential for Bitcoin to experience a price decline to zero is certainly quite impossible. Moreover, currently Bitcoin has gained the trust of many people and even countries. Therefore, this will certainly strengthen Bitcoin so that it can continue to experience price increases. Therefore, Bitcoin investment is suitable for purchasing with all kinds of strategies.

[obuoma]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

First off.  You did not need to cite my whole post in order to make your point.

Second, it seems that DCA is best applied to projects that have long term value, such as BTC, and so it can become quite problematic when folks apply DCA to shitcoins, and so in those kinds of cases, the DCA might cause the loss of more money as compared to if they had not applied DCA to such crap.

So yeah, I think that the point is that we should be careful if we are going to apply DCA to something like a shitcoin, since surely it could take a bit of time to even reasonably that the shitcoin is even worth investing into in the first place, and so many times, with shitcoins, the presumption should be that they are not worth investing into unless you can figure out some angle to invest into them, and even if you conclude to invest into them  it may well be ONLY really justified as a trade (to get in and out) rather than trying to stay invested in them in long term ways that is way more justified for something like bitcoin... and yeah, even with bitcoin, there could be some risks, concerns or even timeline considerations that a person might have, so frequently people have to also figure out reasonable amounts that they can invest based on their own particulars, including but not limited to the levels of their discretionary income and perhaps the extent to which their cashflows might be consistent enough in order to justify a decision to invest into bitcoin for 4-10 years or longer rather than merely coming to bitcoin from a perspective that aims to trade it on a shorter than 4-year timeline.

Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.

Let me be a little open to you so that you can guide me properly. I do many small businesses and I will use one to for example. I run small export business of consumables to my friends overseas who do still eat our local foods over there. I buy and send to them base on demand, not that it is on a large scale and depending on what they demand, I will use flight or send through shipping lines. Through flight is faster but cost more to send and reduces my profits while shipping takes more time but cost less to send thereby increasing my profits. This is one of the reason for the irregular income I stated before and the reason I want more guidance on this if I can start using the DCA method to invest in Bitcoin.

Thank you as I await your response.

[Y3shot]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run.

This is actually crazy in my own opinion because the way Bitcoin is structured, it is more better and more beneficial to hold for a very long time unlike all this  alit and shit coin that blossom for a very short while, and crash drastically later, so utilizing the DCA accumulating strategy on alt or shit coin is really a terrible idea too me because for you to use such a accumulation method, it shows that you are going long term, and holding alt or shit coin short term is very dangerous, talkless of holding for long term, it is really a terrible thing to do as an investor.
So it is best you backtrack on such idea of yours if you care for your hard earned money.

Applying DCA method to invest altcoins can be consider to be a big risk because this coins are not reliable,  just imagine you are accumulating a coin that you are not even sure what the future of the coin will be in the market. Bitcoin have good value and it is very okay to use DCA method to accumulate bitcoin. Their is no point using DCA method to invest altcoins because the value of altcoins can't be predicted. There are some investment that is good for bitcoin but very risky to apply same strategies on altcoins because they are not the same to bitcoin.  When it comes to investment it is just better to concentrate in bitcoin and never to lose focus to think of investing in Bitcoin because it can end up very bad.

[Shadiq]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run.

This is actually crazy in my own opinion because the way Bitcoin is structured, it is more better and more beneficial to hold for a very long time unlike all this  alit and shit coin that blossom for a very short while, and crash drastically later, so utilizing the DCA accumulating strategy on alt or shit coin is really a terrible idea too me because for you to use such a accumulation method, it shows that you are going long term, and holding alt or shit coin short term is very dangerous, talkless of holding for long term, it is really a terrible thing to do as an investor.
So it is best you backtrack on such idea of yours if you care for your hard earned money.

Applying DCA method to invest altcoins can be consider to be a big risk because this coins are not reliable,  just imagine you are accumulating a coin that you are not even sure what the future of the coin will be in the market. Bitcoin have good value and it is very okay to use DCA method to accumulate bitcoin. Their is no point using DCA method to invest altcoins because the value of altcoins can't be predicted. There are some investment that is good for bitcoin but very risky to apply same strategies on altcoins because they are not the same to bitcoin.  When it comes to investment it is just better to concentrate in bitcoin and never to lose focus to think of investing in Bitcoin because it can end up very bad.

To invest in DCA method, you need to choose assets that are reliable or growing in the long term. Bitcoin can be the best example of such assets. If you plan to do DCA in all assets, then you are throwing your money into the fire. Because DCA is not possible in the short term, you must be long-term. If you choose assets for long-term investment where there is no clear idea about the future, then doing DCA means you are throwing your money into the fire with planned patience. Because, shitcoin has no future or there is no high possibility of profit.

If you are thinking about real estate investment, then you need to choose assets whose future value is increasing. The best example of real estate investment can be gold. You can choose gold as a real estate investment to diversify your investment. My first choice for investing in DCA is Bitcoin and I would like to invest in gold to diversify my investment. Both of these resources are eligible or trustworthy for DCA.

[Ruttoshi]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run.

This is actually crazy in my own opinion because the way Bitcoin is structured, it is more better and more beneficial to hold for a very long time unlike all this  alit and shit coin that blossom for a very short while, and crash drastically later, so utilizing the DCA accumulating strategy on alt or shit coin is really a terrible idea too me because for you to use such a accumulation method, it shows that you are going long term, and holding alt or shit coin short term is very dangerous, talkless of holding for long term, it is really a terrible thing to do as an investor.
So it is best you backtrack on such idea of yours if you care for your hard earned money.

Applying DCA method to invest altcoins can be consider to be a big risk because this coins are not reliable,  just imagine you are accumulating a coin that you are not even sure what the future of the coin will be in the market. Bitcoin have good value and it is very okay to use DCA method to accumulate bitcoin. Their is no point using DCA method to invest altcoins because the value of altcoins can't be predicted. There are some investment that is good for bitcoin but very risky to apply same strategies on altcoins because they are not the same to bitcoin.  When it comes to investment it is just better to concentrate in bitcoin and never to lose focus to think of investing in Bitcoin because it can end up very bad.

To invest in DCA method, you need to choose assets that are reliable or growing in the long term. Bitcoin can be the best example of such assets. If you plan to do DCA in all assets, then you are throwing your money into the fire. Because DCA is not possible in the short term, you must be long-term. If you choose assets for long-term investment where there is no clear idea about the future, then doing DCA means you are throwing your money into the fire with planned patience. Because, shitcoin has no future or there is no high possibility of profit.

If you are thinking about real estate investment, then you need to choose assets whose future value is increasing. The best example of real estate investment can be gold. You can choose gold as a real estate investment to diversify your investment. My first choice for investing in DCA is Bitcoin and I would like to invest in gold to diversify my investment. Both of these resources are eligible or trustworthy for DCA.

You are getting yourself confused with the type of long-term assets. Real Estate means investing in buildings and rent them out. While gold is another form of asset under precious metal and the best of all. Bitcoin falls under digital asset. So you should understand the differences. However, it's good that a newbie should only focus on building and growing his bitcoin investment portfolio with DCA for gradual increase weekly or monthly and if you have the funds to lump sum, you do that overtime provided you keep your bitcoin accumulation journey ongoing for 4-10 years and above.

It's bad for you to start thinking to diversify at an early stage of your bitcoin accumulation journey because it will distract you and you can lose focus of achieving your bitcoin target which waa your initial goal. Currently, I think Bitcoin is obe of the best asset that can generate good profit overtime than any other asset. So it's better to stay focus on building and growing your bitcoin portfolio first. However, if you feel that you have more than enough Bitcoin in your possession, you can diversify to any asset of your choice but make sure that you have a good knowledge on how to diversify so that you don't mess things up yourself.

[cryptoWODL]

Bitcoin is one of the most popular digital currency and currently the price of Bitcoin is at the highest position beyond all previous records. So if you buy Bitcoin and keep that Bitcoin in a wallet but you don't think carefully about the security of that wallet then Bitcoin can be lost from your wallet at any time.

One of the few things we need to know before investing in Bitcoin is keeping our wallet safe (That's a little knowledge of Bitcoin investing). Things that are important in bitcoin investment like buying bitcoin regularly, holding bitcoin investment for long time, achieving financial stability, i.e. creating a specific source of income. Another important point is to ensure the safety of your invested bitcoins. Maybe it would be much safer for all of us to use cold storage wallets to safely store our bitcoin investments.

Here is a detailed discussion on how to keep your wallet safe, visit this link.
Securing your wallet - Bitcoin

Still, most countries in the world do not want their people to use Bitcoin without keeping money in the bank.

If you have little knowledge about Bitcoin investment then why would you keep your money in the bank like a fool. You may know that no one can control Bitcoin so the people of that country can invest in Bitcoin even if the country and government don't want it, Maybe you should do that too. You can invest in Bitcoin as you wish.

We see the biggest reason behind not letting people use Bitcoin is that if the people of their country invest in Bitcoin instead of keeping money in the bank, the economic condition of their country will deteriorate.

Your statement is not reasonable because who told you that if a country i.e. if the people of a country invest in bitcoins instead of keeping money in banks then the economic condition of that country deteriorates. Have you not heard of El Salvador, who has already declared bitcoin legalization since then this country has improved a lot and the economy of this country has improved a lot with bitcoin investment.

[Jewan420]

This method will really be useless if those scam devs do their rug pull schemes that's why its better avoid doing shit stuff with those thing and just better focus on more realistic investment with Bitcoin.

Yes, the strategy can certainly be applicable to other assets if it can be applied to the appropriate resources. Dollar-Cost Averaging (DCA) is a suitable and excellent strategy, especially for assets like Bitcoin. It may also be applicable to other assets, provided they are not associated with scams and have the potential for future value appreciation. DCA can be a suitable or excellent strategy for any asset that is appreciating in value, as long as it is not involved in any fraudulent activities.

Particularly if you are planning to invest in shitcoins, I would like to warn you upfront. In shitcoin investments, you cannot rely on strategies to protect yourself from loss. Investing in shitcoins means your money is at risk, just like in gambling. Investing in shitcoins is akin to gambling, where entering means you are likely to lose money or have a higher chance of loss.

For investment, I would certainly recommend Bitcoin and advise a long-term approach. In this regard, the DCA strategy is the safest strategy for Bitcoin investments.

[terrific]

Shitcoins are not to be trusted, I once invested in a particular shitcoin coin and I lost my money, people who are investing on shitcoins are taking huge risk.

That's why never believe to what people are telling that they're winning in shitcoins. Let's say out of 100 people that invests there, maybe less than 10 are actually winning.

Bitcoin investment is the best investment and I will advise we hold for long term since it's volatile in nature, holding for long term will prevent the nagative impact of it's volatility.

Say this to the shitcoiners but, you do you. It's your money, it is their money and we're in a free market to decide but I am all in for Bitcoin.

[ginsan]

Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.

Let me be a little open to you so that you can guide me properly. I do many small businesses and I will use one to for example. I run small export business of consumables to my friends overseas who do still eat our local foods over there. I buy and send to them base on demand, not that it is on a large scale and depending on what they demand, I will use flight or send through shipping lines. Through flight is faster but cost more to send and reduces my profits while shipping takes more time but cost less to send thereby increasing my profits. This is one of the reason for the irregular income I stated before and the reason I want more guidance on this if I can start using the DCA method to invest in Bitcoin.

Thank you as I await your response.

The first adjustment step in investing is of course a fixed income or you have a permanent job with a regular salary every month, discretionary income is a goal that you can use to invest in Bitcoin.

The second step you can choose which strategy is comfortable for you to apply in Bitcoin accumulation, of course my advice is still DCA.

The third is a determination to invest for old age, if you do not target for the period you can choose 10 years. That way you will be well concentrated to accumulate bitcoin.

[JayJuanGee]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

First off.  You did not need to cite my whole post in order to make your point.

Second, it seems that DCA is best applied to projects that have long term value, such as BTC, and so it can become quite problematic when folks apply DCA to shitcoins, and so in those kinds of cases, the DCA might cause the loss of more money as compared to if they had not applied DCA to such crap.

So yeah, I think that the point is that we should be careful if we are going to apply DCA to something like a shitcoin, since surely it could take a bit of time to even reasonably that the shitcoin is even worth investing into in the first place, and so many times, with shitcoins, the presumption should be that they are not worth investing into unless you can figure out some angle to invest into them, and even if you conclude to invest into them  it may well be ONLY really justified as a trade (to get in and out) rather than trying to stay invested in them in long term ways that is way more justified for something like bitcoin... and yeah, even with bitcoin, there could be some risks, concerns or even timeline considerations that a person might have, so frequently people have to also figure out reasonable amounts that they can invest based on their own particulars, including but not limited to the levels of their discretionary income and perhaps the extent to which their cashflows might be consistent enough in order to justify a decision to invest into bitcoin for 4-10 years or longer rather than merely coming to bitcoin from a perspective that aims to trade it on a shorter than 4-year timeline.

Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.

Of course we have 665 pages in this thread, so the topic of irregular income has come up from time to time, and surely there is a need for anticipated future income before it continues to be prudent to buy bitcoin, since if we cannot assure our income, then we should not be locking away value into bitcoin for 4 to 10 years or longer, since that would be trading (trying to play the wave) or gambling rather than investing.  So, when we put money into bitcoin, then each time that we do that, then we should be consider that money to be locked up for 4-10 years or longer.  Of course, some kind of an emergency or unexpected situation could happen in which we end up having to tap into our bitcoin investment that is NOT at a time that is completely of our own choosing, so our investment timeline could end up getting cut short.. and another thing, is that I don't even consider 4-10 years to be a long term investment or anything that we should shoot for with bitcoin, yet there are people who are more elderly or they have health considerations, so it would still be reasonable for them to invest into bitcoin for at least 4 years, but if they are putting money into bitcoin for less than 4 years, then I would consider that to be a trade or a gamble rather than an investment.... ..

More to the essence of your question, the more erratic or irregular a persons income and/or expenses, the more likely that they are going to be having to hold way more quantities of various kinds of back up funds and emergency funds that likely cover longer periods of time, and if he is going to invest into bitcoin, he has to keep in mind that he should not be wanting to include his bitcoin as part of his emergency fund until maybe many years down the road after he had already gone through a couple of cycles.

So, in essence, if a guy with irregular income/expenses wants to regularly invest into bitcoin, such as weekly, then he may well need to hold some or all of that in advance so that he is able to keep up with keeping track of his irregularities of his income and/or his expenses.

Let's say that a guy has some income that comes in every week, and other every month and other every 2-3 months.  Most of his expenses are staggered to be monthly, but he also has some irregularities involving his expenses too.  Guys in these kinds of situations may well need to project out their income and their expenses for 12-24 months or more in advance so that they can see various places that they might have short-comings and surely the next 1-3 months are more important in regards to the specifics as compared with timelines that are 12-24 months into the distance, even though the 12-24 month timelines might still have some ballpark ideas about projected best case scenarios and projected worse case scenarios, and frequently, it is way better to project out worse case scenarios so that you know that you have enough to cover those worse case scenarios, so for example, if your monthly income ranges between $1k and $4k per month, and your expenses range between $1,500 and $3k per month, then you likely should be projecting out your income to be $1k per month and your expenses to be $3k per month and making sure that you have enough cash to cover the difference for several months into the future, and so you might not be able to invest any money into anything including bitcoin or anything else until you are sure that all of your expenses are covered, and maybe you resolve these matters on monthly basis or maybe it is a bit more irregular in regards to various determinations and resolutions that you are able to make.

Let's say that you want to invest $100 per week into bitcoin, but you believe that if you commit to that, then you might not be able to cover your other expenses, so perhaps you have some reserve funds that are set aside that are primarily for buying bitcoin, yet if your other reserve funds run out, then you will have to tap into that fund that is set aside for buying bitcoin.. so perhaps you have a fund that is $1k in total value, and you tell yourself no matter what you are buying $10 per week in bitcoin from that fund, and if things are going well and the fund remains at $1k, then you will invest $100 per week into bitcoin, yet if the fund goes down to $500, then you are ONLY going to invest $10 per week into bitcoin.. .and so you do what you can to keep from tapping into the fund, and you might even say to yourself that if the fund goes below $200, then you are going to have to stop buying bitcoin, but you work hard to make sure that the fund does not go below certain thresholds.  Perhaps if the fund becomes larger than $1k, then maybe you would authorize to allow yourself to buy more than $100 per week in bitcoin. .up to a certain amount as the cash is extra in that reserve account, you already have established various thresholds in which your behavior is going to change as the money is coming in, yet at the same time you have are maintaining certain reserve amounts.

I would think that you would have reserve categories of funds that fit more than one category, and of course certain kinds of expenses are more important than others, for example rent, utilities, basic food, some transportation basics and maybe some inventory replenishment expenses in regards to some kinds of businesses, and other kinds of expenses have more flexibility - eating out a restaurants, vacations,  and surely some expenses might be optional, yet they are still important for maintaining relationships, whether personal or business related, so each of us still would need to figure out how to priorititize certain categories, and we might even tell ourselves that investing into bitcoin is a priority, which surely it might be, and buying more bitcoin might be less of a priority than making sure that we don't sell any, so there can times that we might have to stop buying bitcoin and to take care of our other matters and we hope that our level of  funds do not become so low that we end up running out of various kinds of back up funds including emergency funds that might be the very last defense prior to having to tap into our bitcoin, which we surely shoudl not want to do during our first cycle or two of investing into bitcoin.

Let me be a little open to you so that you can guide me properly. I do many small businesses and I will use one to for example. I run small export business of consumables to my friends overseas who do still eat our local foods over there. I buy and send to them base on demand, not that it is on a large scale and depending on what they demand, I will use flight or send through shipping lines. Through flight is faster but cost more to send and reduces my profits while shipping takes more time but cost less to send thereby increasing my profits. This is one of the reason for the irregular income I stated before and the reason I want more guidance on this if I can start using the DCA method to invest in Bitcoin.
Thank you as I await your response.

In your case, you might have to keep some funds on hand for various ingredients or for shipping costs as you mentioned, and you also might get some pay in advance, and so sometimes when you get paid, you might have to hold part of your income aside for current and for future expenses... surely the more business you do, then the more expenses you are going to have, yet at the same time, if you have properly calculated the variabilities, you can still make sure that you have various cash cushions and maybe even some working systems in which any time you get paid, you put half into your various costs and the other half into your reserve funds, and sure you are suggesting that your costs are way higher than your profits, so you still would have to figure out ways to project out expected sales (income) and various kinds of projected expenses including considering projecting out worse case scenarios and then figuring if you still have enough left to buy bitcoin with that.  Yeah, guys like to live on the edge, and they do not have any cash cushion, which surely might not be as BIG of a deal if whatever cash cushion you have is not volatile (like a bitcoin investment), so frequently we end up having to create way larger cash cushions once we start to invest into something like bitcoin since we never want to sell any bitcoin at a time that is not completely of our own choosing.

It surely could be that you are not even planning to hold bitcoin for more than 4 years or more, and if that is true, then you are trying to trade bitcoin and to play the wave rather than investing into it... so personally, I don't recommend using bitcoin as a trade rather than an investment, yet at the same time, I know guys are going to do what they like..and surely for investment, you need to figure out systems to strengthen your cashflow management and to main various kinds of reserves so that you can continue to invest into bitcoin for 4-10 years or more and so that you will not have to sell any of your bitcoin at a time that is not completely of your own choosing, which hopefully would be 10 years or more, unless you have some kind of age or health kind of issue that might cause you to have a less then 10 year investment timeline.

[Zackz5000]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k.  

You are funny to imagine that bitcoin will drop to such price besides waiting for bitcoin to dip before accumulating Bitcoin is a very slow journey to accumulate Bitcoin it is better to use your discretionary income to regularly accumulate Bitcoin gradually either every week or month using the DCA strategy instead of waiting for tj dip before you can accumulate, the more you keep on waiting for the dip the more you are missing more buying opportunity you might also be waiting for dip while some other issues may come up to clam up money meant for bitcoin accumulation or procastination might come up while waiting, the dip should only be an opportunity to accumulate more Bitcoin while also accumulating using the DCA strategy, still I don't still believe if bitcoin price will drop to that extend you mentioned despite the volatile nature of bitcoin, start accumulating Bitcoin now and HODL for long period of time probably 4-10 or more.

[JayJuanGee]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

[Zackz5000]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

He could be dreaming or perhaps doesn't know what he is saying because I can't still believe that someone at this century will imagine that bitcoin price will drop below $30k before he can still accumulate or probably he is not yet ready for bitcoin investment or perhaps one of this trader out there because someone that started bitcoin investment new will not be waiting for bitcoin to dip before accumulating even an investor in his maintenance level won't imagine bitcoin to drop to that extend before buying if he is actually waiting for Bitcoin to drop before he can accumulating since he has been accumulating Bitcoin for a very long time talk more of a newbie in bitcoin investment I believe he is not yet ready but if he failed to start accumulating Bitcoin now gradually he will definitely regret in time coming why he misleaded himself for not accumulating Bitcoin at this present time.
I think we should consider him as a non- serious poster.

[obuoma]

First off.  You did not need to cite my whole post in order to make your point.

Second, it seems that DCA is best applied to projects that have long term value, such as BTC, and so it can become quite problematic when folks apply DCA to shitcoins, and so in those kinds of cases, the DCA might cause the loss of more money as compared to if they had not applied DCA to such crap.

So yeah, I think that the point is that we should be careful if we are going to apply DCA to something like a shitcoin, since surely it could take a bit of time to even reasonably that the shitcoin is even worth investing into in the first place, and so many times, with shitcoins, the presumption should be that they are not worth investing into unless you can figure out some angle to invest into them, and even if you conclude to invest into them  it may well be ONLY really justified as a trade (to get in and out) rather than trying to stay invested in them in long term ways that is way more justified for something like bitcoin... and yeah, even with bitcoin, there could be some risks, concerns or even timeline considerations that a person might have, so frequently people have to also figure out reasonable amounts that they can invest based on their own particulars, including but not limited to the levels of their discretionary income and perhaps the extent to which their cashflows might be consistent enough in order to justify a decision to invest into bitcoin for 4-10 years or longer rather than merely coming to bitcoin from a perspective that aims to trade it on a shorter than 4-year timeline.

Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.

Of course we have 665 pages in this thread, so the topic of irregular income has come up from time to time, and surely there is a need for anticipated future income before it continues to be prudent to buy bitcoin, since if we cannot assure our income, then we should not be locking away value into bitcoin for 4 to 10 years or longer, since that would be trading (trying to play the wave) or gambling rather than investing.  So, when we put money into bitcoin, then each time that we do that, then we should be consider that money to be locked up for 4-10 years or longer.  Of course, some kind of an emergency or unexpected situation could happen in which we end up having to tap into our bitcoin investment that is NOT at a time that is completely of our own choosing, so our investment timeline could end up getting cut short.. and another thing, is that I don't even consider 4-10 years to be a long term investment or anything that we should shoot for with bitcoin, yet there are people who are more elderly or they have health considerations, so it would still be reasonable for them to invest into bitcoin for at least 4 years, but if they are putting money into bitcoin for less than 4 years, then I would consider that to be a trade or a gamble rather than an investment.... ..

Thank you so much for your quick response which I appreciate so much. Just to make more clarifications Sir, I do not invest my business money into Bitcoin, what I invest is part of my profit. The business I described is very profitable and hardly record any loss because what I'm supplying is based on demand for which I buy low here and the selling price already cover the logistics with my profits added and everyone is happy at the end of the day.

I have learnt from this thread the need to only invest my discretionary income and never money meant for other serious needs. This rule I have kept in mind and have been working with it ever since. That why I state in my post before that I am investing part of my profits into Bitcoin and I plan to keep them there for as long as possible as my way of saving for the future

More to the essence of your question, the more erratic or irregular a persons income and/or expenses, the more likely that they are going to be having to hold way more quantities of various kinds of back up funds and emergency funds that likely cover longer periods of time, and if he is going to invest into bitcoin, he has to keep in mind that he should not be wanting to include his bitcoin as part of his emergency fund until maybe many years down the road after he had already gone through a couple of cycles.

This is very helpful for which I say thank you Sir. I will definitely keep this to mind and do a lot of planning to be able to efficiently manage this process of investing in Bitcoin, this was why I came back for more knowledge and I am not disappointed at all. Right now I never set up emergency funds even though I have heard about it in the previous times I was a little active in this discussion. Going forward, I will make some adjustments to enable me set up some emergency funds so I will never resort to touching my business capital for investment neither will I think about selling my Bitcoin for whatever reason since I'm holding for a long term basis.

So, in essence, if a guy with irregular income/expenses wants to regularly invest into bitcoin, such as weekly, then he may well need to hold some or all of that in advance so that he is able to keep up with keeping track of his irregularities of his income and/or his expenses.

Let's say that a guy has some income that comes in every week, and other every month and other every 2-3 months.  Most of his expenses are staggered to be monthly, but he also has some irregularities involving his expenses too.  Guys in these kinds of situations may well need to project out their income and their expenses for 12-24 months or more in advance so that they can see various places that they might have short-comings and surely the next 1-3 months are more important in regards to the specifics as compared with timelines that are 12-24 months into the distance, even though the 12-24 month timelines might still have some ballpark ideas about projected best case scenarios and projected worse case scenarios, and frequently, it is way better to project out worse case scenarios so that you know that you have enough to cover those worse case scenarios, so for example, if your monthly income ranges between $1k and $4k per month, and your expenses range between $1,500 and $3k per month, then you likely should be projecting out your income to be $1k per month and your expenses to be $3k per month and making sure that you have enough cash to cover the difference for several months into the future, and so you might not be able to invest any money into anything including bitcoin or anything else until you are sure that all of your expenses are covered, and maybe you resolve these matters on monthly basis or maybe it is a bit more irregular in regards to various determinations and resolutions that you are able to make.

Let's say that you want to invest $100 per week into bitcoin, but you believe that if you commit to that, then you might not be able to cover your other expenses, so perhaps you have some reserve funds that are set aside that are primarily for buying bitcoin, yet if your other reserve funds run out, then you will have to tap into that fund that is set aside for buying bitcoin.. so perhaps you have a fund that is $1k in total value, and you tell yourself no matter what you are buying $10 per week in bitcoin from that fund, and if things are going well and the fund remains at $1k, then you will invest $100 per week into bitcoin, yet if the fund goes down to $500, then you are ONLY going to invest $10 per week into bitcoin.. .and so you do what you can to keep from tapping into the fund, and you might even say to yourself that if the fund goes below $200, then you are going to have to stop buying bitcoin, but you work hard to make sure that the fund does not go below certain thresholds.  Perhaps if the fund becomes larger than $1k, then maybe you would authorize to allow yourself to buy more than $100 per week in bitcoin. .up to a certain amount as the cash is extra in that reserve account, you already have established various thresholds in which your behavior is going to change as the money is coming in, yet at the same time you have are maintaining certain reserve amounts.

This is comprehensive enough to give me all the information I needed, I will work with this and make the investment process better and easier for myself. I love how you explain things and how you go all out to draw examples with different scenarios. If I may ask, are you a lecturer in the university or have you taught in any school before?

It surely could be that you are not even planning to hold bitcoin for more than 4 years or more, and if that is true, then you are trying to trade bitcoin and to play the wave rather than investing into it... so personally, I don't recommend using bitcoin as a trade rather than an investment, yet at the same time, I know guys are going to do what they like..and surely for investment, you need to figure out systems to strengthen your cashflow management and to main various kinds of reserves so that you can continue to invest into bitcoin for 4-10 years or more and so that you will not have to sell any of your bitcoin at a time that is not completely of your own choosing, which hopefully would be 10 years or more, unless you have some kind of age or health kind of issue that might cause you to have a less then 10 year investment timeline.

With reference to my early response, what I'm doing is not trading at all because it is a long term deal with Bitcoin. I don't want to sound dramatic but I am convinced that Bitcoin is where the future is considering how the world is changing and technology is evolving. I don't want to miss out of the future that is to come so I have been investing part of my profits into Bitcoin with the mindset that it is my saving for the future. I don't have any need of the money I am investing in Bitcoin for now, my business is running smoothly and I am meeting up with my bills and other expenses as someone that lead a moderate life and contented with that. So 10 years might even be too short to describe how long I want to hold as I am looking at holding until a time I will even hand over my business to my children and relax to enjoy my old age.

[Samlucky O]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k.  

You must really be a crazy dude for referring back to an old post that doesn't add up to a current discussion. Even though JJG may ask guys if they are  really prepared to buy Bitcoin if it  dip more such as $30k, I don't see that as a problem because as at that time Bitcoin price was at a staggering price of $40k $38k so there is a possibility that Bitcoin may fall to $30k or even $25k. Take a look at Bitcoin price as at the time JJG made that post.



So whatever statement that was made back then was in respect to the current price of Bitcoin as at then  which can not be considered valid for now since Bitcoin is at the peak or ballpark of $100k which can not fall below $30k anymore. Any statement or quote of the past broght upon a current discussion now is considered void. It may be used only as a reference but not to be considered much important in prior to new Bitcoin price. You sounded as if you wherw long dead and was brought back to life and acting as if life was waiting for you. Lollz..

[SuperBitMan]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

He could be dreaming or perhaps doesn't know what he is saying because I can't still believe that someone at this century will imagine that bitcoin price will drop below $30k before he can still accumulate or probably he is not yet ready for bitcoin investment or perhaps one of this trader out there because someone that started bitcoin investment new will not be waiting for bitcoin to dip before accumulating even an investor in his maintenance level won't imagine bitcoin to drop to that extend before buying if he is actually waiting for Bitcoin to drop before he can accumulating since he has been accumulating Bitcoin for a very long time talk more of a newbie in bitcoin investment I believe he is not yet ready but if he failed to start accumulating Bitcoin now gradually he will definitely regret in time coming why he misleaded himself for not accumulating Bitcoin at this present time.
I think we should consider him as a non- serious poster.

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.
As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

[TravelMug]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

He could be dreaming or perhaps doesn't know what he is saying because I can't still believe that someone at this century will imagine that bitcoin price will drop below $30k before he can still accumulate or probably he is not yet ready for bitcoin investment or perhaps one of this trader out there because someone that started bitcoin investment new will not be waiting for bitcoin to dip before accumulating even an investor in his maintenance level won't imagine bitcoin to drop to that extend before buying if he is actually waiting for Bitcoin to drop before he can accumulating since he has been accumulating Bitcoin for a very long time talk more of a newbie in bitcoin investment I believe he is not yet ready but if he failed to start accumulating Bitcoin now gradually he will definitely regret in time coming why he misleaded himself for not accumulating Bitcoin at this present time.
I think we should consider him as a non- serious poster.

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.
As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

That's the thing though with those individuals who might have been somewhat late in Bitcoin investment. As for me I started in 2017, didn't bother to accumulate until the next bear market and it really felt very good. Of course I might have regret not holding all throughout in 2017, but that is a lessons learn that's why in the next cycle I try my best to budget and align my goal in setting up weekly buying at least $100.00 as that was the funds that was available to me.

So maybe this newbie will have to go to that pattern or at least have the mindset that they might not see that price. So if they shift everything, and start to accumulate as this price and have the resiliency and mental toughness, then they will say that DCA is a very effective method.

[Princess Leah]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

He could be dreaming or perhaps doesn't know what he is saying because I can't still believe that someone at this century will imagine that bitcoin price will drop below $30k before he can still accumulate or probably he is not yet ready for bitcoin investment or perhaps one of this trader out there because someone that started bitcoin investment new will not be waiting for bitcoin to dip before accumulating even an investor in his maintenance level won't imagine bitcoin to drop to that extend before buying if he is actually waiting for Bitcoin to drop before he can accumulating since he has been accumulating Bitcoin for a very long time talk more of a newbie in bitcoin investment I believe he is not yet ready but if he failed to start accumulating Bitcoin now gradually he will definitely regret in time coming why he misleaded himself for not accumulating Bitcoin at this present time.
I think we should consider him as a non- serious poster.

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.
As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

That's the thing though with those individuals who might have been somewhat late in Bitcoin investment. As for me I started in 2017, didn't bother to accumulate until the next bear market and it really felt very good. Of course I might have regret not holding all throughout in 2017, but that is a lessons learn that's why in the next cycle I try my best to budget and align my goal in setting up weekly buying at least $100.00 as that was the funds that was available to me.

So maybe this newbie will have to go to that pattern or at least have the mindset that they might not see that price. So if they shift everything, and start to accumulate as this price and have the resiliency and mental toughness, then they will say that DCA is a very effective method.

Well, it's better late than never, atleast you've learnt that holding Bitcoin is very important and that's one mindest every Bitcoin investor should have. Well, you're on the right track and it's not too late, since bitcoin is still at it's early stage, you still got more than enough time, coupled with the chances of buying and holding at this point that the price is way cheaper than what it would be in the future, that's a golden opportunity that every investor shouldn't miss out on, the regret would be very painful for those who couldn't grab some portions of bitcoin, in the future.

 Any Newbie investor that start doing the DCA till the next circle would be very proud of themselves, the person would definitely testify of how effective the DCA can be when it comes to accumulating bitcoin. He/She can decide to do a weekly or monthly interval so far it's suitable to their financial status either ways goal in the future is max profits, that's one beautiful thing about bitcoin and using the DCA strategy for accumulation.

[Just Say]

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.

Not only the newbies but the experienced ones are not sure what will happen in the market when. In the market we suddenly see something like this forming, where the price of Bitcoin goes up a lot and goes down a lot. So it is normal for new investors to have this thought. But new investors should think positively about the Bitcoin market instead of thinking negatively about the Bitcoin market. If they review the history of Bitcoin properly then surely they will be most attracted to invest in Bitcoin.



Bitcoin's Price History

As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

New investors who wait for the market to dip before starting to invest in Bitcoin, they will fall behind on their investments and may end up making the wrong decision. A new investor should regularly buy bitcoins and aim to buy only bitcoins no matter how high the price of bitcoins. He has to keep in mind that since he is investing in dca method he can buy bitcoins with a small amount of money, if he wants to buy on a weekly basis or even on a monthly basis.

[bestcandy]

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do?  Are you prepared if the BTC price dips more, such as below $30k?

You are  right, timing the market is impossible.  I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well  I still have some funds set aside, just in case we see a drop below $30k. 

Sure you are a dumb fuck citing one of my posts from 2021, and treating it as if it were a contemporary assertion of mine.. and/or engaging in dumbass disingenuine posts that are misleading.  Are  your real or or a bot?

Let's put this as a contemporary idea, and then consider that it should be difficult for any of us to be treating you seriously if you are expecting BTC prices to drop below $30k, and even right at this particular moment (as I type this post), if you are expecting BTC prices to drop below $80k might also be a bit unrealistic, but sub $80k is not even close to as ridiculous as your stated expectation of sub $30k. 

Based on your 2023 forum registration date, if you are a somewhat newbie to bitcoin and perhaps only with a year or two accumulating bitcoin, then you might need to continue to accumulate bitcoin at any price, unless you had been front loading your investment into bitcoin in the last year or two.   ..so you might need to particularize what is going on with you a bit better, to the extent that any of us are going to give any shits about what you say or some apologies that you might feel inclined to make (to the extent that you are not a bot and wanting to be taken seriously) regarding the lameness of your above post.

Are you going to explain yourself (perhaps with an apology?) or might we just consider you as a non-serious poster?

He could be dreaming or perhaps doesn't know what he is saying because I can't still believe that someone at this century will imagine that bitcoin price will drop below $30k before he can still accumulate or probably he is not yet ready for bitcoin investment or perhaps one of this trader out there because someone that started bitcoin investment new will not be waiting for bitcoin to dip before accumulating even an investor in his maintenance level won't imagine bitcoin to drop to that extend before buying if he is actually waiting for Bitcoin to drop before he can accumulating since he has been accumulating Bitcoin for a very long time talk more of a newbie in bitcoin investment I believe he is not yet ready but if he failed to start accumulating Bitcoin now gradually he will definitely regret in time coming why he misleaded himself for not accumulating Bitcoin at this present time.
I think we should consider him as a non- serious poster.

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.
As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

That's the thing though with those individuals who might have been somewhat late in Bitcoin investment. As for me I started in 2017, didn't bother to accumulate until the next bear market and it really felt very good. Of course I might have regret not holding all throughout in 2017, but that is a lessons learn that's why in the next cycle I try my best to budget and align my goal in setting up weekly buying at least $100.00 as that was the funds that was available to me.

So maybe this newbie will have to go to that pattern or at least have the mindset that they might not see that price. So if they shift everything, and start to accumulate as this price and have the resiliency and mental toughness, then they will say that DCA is a very effective method.

Well, it's better late than never, atleast you've learnt that holding Bitcoin is very important and that's one mindest every Bitcoin investor should have. Well, you're on the right track and it's not too late, since bitcoin is still at it's early stage, you still got more than enough time, coupled with the chances of buying and holding at this point that the price is way cheaper than what it would be in the future, that's a golden opportunity that every investor shouldn't miss out on, the regret would be very painful for those who couldn't grab some portions of bitcoin, in the future.

 Any Newbie investor that start doing the DCA till the next circle would be very proud of themselves, the person would definitely testify of how effective the DCA can be when it comes to accumulating bitcoin. He/She can decide to do a weekly or monthly interval so far it's suitable to their financial status either ways goal in the future is max profits, that's one beautiful thing about bitcoin and using the DCA strategy for accumulation.

A good investor must be a good calculated risk taker and must be very good in making strategist decision. Anyone that is waiting for Bitcoin to dip to his/her expected minimum level don't have investment mindset because Bitcoin is something that you may not possibly predict the minimum dip it will attain and as such while waiting for it to dip to your bench mark that you want to accumulate Bitcoin  the price may appreciate unexpectedly beyond your target in such a way that you may not be able to strive in your investment.
If we trace back the record or history of Bitcoin price from 2010 till date you will be convince that Bitcoin is sometime that every potential investor should be confidence in making good investment without having double thought because irrespective of the volatility of Bitcoin price there is every indication that the value of Bitcoin will certainly appreciate beyond what we are seeing now in the future and good investors are making huge investment in Bitcoin and are making good returns on their investment especially those that have the strategy of holding it for long time.