Buy the DIP, and HODL!

[Ruttoshi]

Bitcoin is a promising investment, steady investment using DCA will guarantee a better lifestyle away from your bitcoin wallet and prepare one for the benefits that will come with bitcoin in the future.

Really you are right?
The way you make various comments about Bitcoin, it seems that Bitcoin is not the only coin that guarantees a good life. I don't understand how investing in Bitcoin guarantees a good life. Many people are more interested in investing in gold instead of investing in Bitcoin. It is seen that if you can invest in gold, you can be the safest and worry-free. But the Bitcoin market is unstable, why did you say it so beautifully? Is it possible? However, the way the Bitcoin market is moving will take a long time to create a good position.

as much as I will love to say that Bitcoin is not the coin that guarantees good life but I will also like to inform you that Bitcoin is way better and safe than those other coins you guy think can also give good life which I don't think is certain or for sure even if you hold them for years, any coin aside Bitcoin is not certain because you don't know the possibility of it going up and in the cause of investing in then you can easily lose your money. And where do you get the information that many people are interested in investing in gold?

However, even if Bitcoin is not 100 percent guarantee I still prefer it to other coin because it has proven itself over time and the volatility of Bitcoin shouldn't be a problem because that is how it is meant to be, you can just invest in it and expect it to just continue appreciating perhaps the fluctuation are the factors just like other investment has factors too but this factor doesn't prevent it from being the greatest of all time. Be careful with the kind decision you will take in investing because this your idea and mindset can make you invest in a wrong place and untill you incur loss you won't know what I'm talking about.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life, take El Salvador for example, which it has helped the nation reduced it debts that is for the country, what about the individuals that accept Bitcoin has it not given them good life, which other coin do you want that is to guarantee your good life.
Gold can't be compared with Bitcoin because it has be there since inception, while Bitcoin was launched 2009 but i bet you,if Bitcoin has been available since the time of gold ,it's price would have gone beyond gold by now and you would have preferred Bitcoin than any other coin or gold in the world.

Bitcoin is not a stable coin because it's volatile in nature. This is why you see that thw price of bitcoin fluctuates. Bitcoin is currently $103k+, last week the price was within 93k+. Before bitcoin dipped to $92k+...the price has already reached a new ATH of $108k+. All these price movement shows that bitcoin is volatile in nature without a stable price. Currently, because we are still in the bull run, we are expecting a higher price of $150k and above as the peak price of the bull run.

USDT or USDC are stable coins because they are pegged with US dollar and fiat currencies are all stable. Their prices don't go up and down but their price is firmly fixed. Of course, bitcoin is the best of all assets currently either physical or digital because bitcoin is still in her maturing stage and the price is increasing overtime, and that's why we should have our bitcoin invest ongoing so that our bitcoin stash can reach our target in future.

Bitcoin is not a guarantee to good life, but it has the possibility of transforming your financial situation to a better one if only you invest, build grow your bitcoin stash overtime and hodli for long periods of time.

[passwordnow]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life, take El Salvador for example, which it has helped the nation reduced it debts that is for the country, what about the individuals that accept Bitcoin has it not given them good life, which other coin do you want that is to guarantee your good life.
Gold can't be compared with Bitcoin because it has be there since inception, while Bitcoin was launched 2009 but i bet you,if Bitcoin has been available since the time of gold ,it's price would have gone beyond gold by now and you would have preferred Bitcoin than any other coin or gold in the world.

Like I know what you mean about Bitcoin being a stable coin but someone out there might misunderstood what you are saying. In terms of stability, Bitcoin really is the most stable of them all in the crypto market. And there could be some altcoiners out there that will say that Bitcoin didn't gave them a good life but in the alts that they were lucky that they invested in too early. But I am with you, Bitcoin did gave a lot of us here a good life and that is the reason why we're sticking on it. And if there are people that still don't believe Bitcoin, soon, they will realize on how it moves the market because if it isn't for Bitcoin, we'd see all of their alts being dumped and going to the ball pit.

[retreat]

-snip-

Simply put, someone who wants to invest in Bitcoin needs to think carefully about the risks and use one of the methods for their investment whether it is DCA or lump sum, and set their investment for the long term, to make sure that they can get better returns from it. Because most people only know that Bitcoin can give them profits, but they invest with the wrong approach - they invest in the short term and tend to be like gambling. An investor should think carefully about their decision and invest using their discretionary money or a few percent of their income continuously - and they need to hold it for the long term until they can get profits.

All what you were saying makes perfect sense when talking about Bitcoin investment, but you later spoilt it with the last statement, I mean the bold words in your write up.
I actually can't get it if it's a mistake or you are certain of what you are saying, what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time, so even if we are already in a profit, it would be stupid to sell now because it's just for minimal gains that wouldn't have any significant changes on our finance forever, so it's best to hold for a very long time regardless of if you are in a profit or not, because building a generational wealth true it is the goal not for minimal gains.

You got it wrong, did I ever say that someone who invests in bitcoin in the long term will sell his bitcoin when he has not made a profit? because you will not know when you can make a profit on Bitcoin, it could be 1 or 2 cycles before you can build your portfolio properly and get a decent profit from the investment you made - and at that time a person's confidence could waver because he might see that the investment he made did not experience significant growth. That's why a person needs to build his high conviction and maintain how he can invest continuously and not get caught up in short-term investments like a trading mindset.

[SuperBitMan]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life, take El Salvador for example, which it has helped the nation reduced it debts that is for the country, what about the individuals that accept Bitcoin has it not given them good life, which other coin do you want that is to guarantee your good life.
Gold can't be compared with Bitcoin because it has be there since inception, while Bitcoin was launched 2009 but i bet you,if Bitcoin has been available since the time of gold ,it's price would have gone beyond gold by now and you would have preferred Bitcoin than any other coin or gold in the world.

Like I know what you mean about Bitcoin being a stable coin but someone out there might misunderstood what you are saying. In terms of stability, Bitcoin really is the most stable of them all in the crypto market. And there could be some altcoiners out there that will say that Bitcoin didn't gave them a good life but in the alts that they were lucky that they invested in too early. But I am with you, Bitcoin did gave a lot of us here a good life and that is the reason why we're sticking on it. And if there are people that still don't believe Bitcoin, soon, they will realize on how it moves the market because if it isn't for Bitcoin, we'd see all of their alts being dumped and going to the ball pit.

Bitcoin investment has really brought out some families from poverty, one of the reasons why I love this investment is that no matter how small your discretion income is you can still use it to accumulate Bitcoin and if you do that for years you will accumulate a reasonable amount of Bitcoin and the most interesting part is that Bitcoin is always growing in value and price so your money worth remain the same it will be increasing, is not like bank savings where your money is always same and they even take there Bank charges from that money you are saving with them so as you are putting money in your bank account weekly or monthly they are also taking there weekly or monthly charges from your money, that's why saving your money with Bitcoin as an investment is the best, there was a man who has been accumulating Bitcoin for years so when he became very sick he called his lawyer and gave him his wallet secret phrase and password and told him to give it to his family if maybe he died, so when he died as a result of the sickness the lawyer did as instructed by the late man and when the children opened the wallet they discovered a good amount of Bitcoin inside they sold it and that was how they became rich, Bitcoin investment can't be compared to shitcoins, Bitcoin is more stable and reliable.

[sotelorene]

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

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

Buying every Dip is just a title given to this thread, it doesn't mean we should be buying at the Dip only because the Dip doesn't occur all the time and sometimes it will be very difficult to see the level of dip one will want or wish to buy at. The Dip is just a period the market bring to us an opportunity to increase our holding if we have the reserve funds save already. You are sounding like a trader because an investor don't have any business with looking at the market chart and carrying out some technically analysis I mean these are traders terminologies, you don't need any analysis before you can invest in Bitcoin if actually you are an investor.

[Felicity_Tide]

~snip

 - and they need to hold it for the long term until they can get profits.

what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time,

~snip

You got it wrong, did I ever say that someone who invests in bitcoin in the long term will sell his bitcoin when he has not made a profit?

~snip

I think there is a little misunderstanding here, even though the both of you are trying to convey the same point. From what I have read from both replies, the goals still remains long term, which I believe every investor must have before embarking on an investment journey (though, might choose to extend if willing). But here is where the whole thing becomes interesting. Everyone has their own way of defining "profits". Like retreat said, "and they need to hold it for the long term until they can get profits". This long term can be 4-6 years. Or it can even be more, but the most important thing here is that the investor must have made profits within that certain period, which is definitely possible in reality. But someone who might want to hold longer(maybe 6-8years) might not see the 4-6 years profit as something suitable.

So like I said, everyone with their own definition of profits, but what is most important is that we set that long term goal, and be willing to accept whatever profits that comes at the end of our daily/weekly/monthly objectives. Though, some investor might still want to trigger more investment year extension if willing.

[Odohu]

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

[Mayor of ogba]

-snip-

However, even if Bitcoin is not 100 percent guarantee I still prefer it to other coin because it has proven itself over time and the volatility of Bitcoin shouldn't be a problem because that is how it is meant to be, you can just invest in it and expect it to just continue appreciating perhaps the fluctuation are the factors just like other investment has factors too but this factor doesn't prevent it from being the greatest of all time. Be careful with the kind decision you will take in investing because this your idea and mindset can make you invest in a wrong place and untill you incur loss you won't know what I'm talking about.

Simply put, someone who wants to invest in Bitcoin needs to think carefully about the risks and use one of the methods for their investment whether it is DCA or lump sum, and set their investment for the long term, to make sure that they can get better returns from it. Because most people only know that Bitcoin can give them profits, but they invest with the wrong approach - they invest in the short term and tend to be like gambling. An investor should think carefully about their decision and invest using their discretionary money or a few percent of their income continuously - and they need to hold it for the long term until they can get profits.

All what you were saying makes perfect sense when talking about Bitcoin investment, but you later spoilt it with the last statement, I mean the bold words in your write up.
I actually can't get it if it's a mistake or you are certain of what you are saying, what if you invest now and in no distance time it gets you into a profitable scenario, are you trying to say that you will sell?
Because according to your statement, you said that we need to hold for a long time until we are in a profit, which in my own opinion, it doesn't matter at all because the goal is to hold for a very long period of time, so even if we are already in a profit, it would be stupid to sell now because it's just for minimal gains that wouldn't have any significant changes on our finance forever, so it's best to hold for a very long time regardless of if you are in a profit or not, because building a generational wealth true it is the goal not for minimal gains.

Since bitcoin is not a pump and dump coin, retreat is very much correct in what he said in the bold words, because before we can get the type of profit that would allow us to be rich with bitcoin investment, we all need to hold our bitcoin investment for the long term. And from what you said in your post, you are still of the opinion that we need to hold our bitcoin investment for the long term before we can get maximal profit, so I don't know if you were sleeping when you replied to the retreat post because it seems you don't understand his statement in the bold words very well, which made you quote him wrongly and still repeat what he said in the bolded words.

[JayJuanGee]

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.

[Agbamoni]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life,

Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,

You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.

[Nheer]

Snip

Snip

Of course level of profits may well be a factor, and surely most folks are going to prefer to be in profits, yet if someone might invest into something like bitcoin, it could well end up playing out that their holdings are not in profits for 4-10 years or maybe even longer, and so if we have a long term investment, we are calculating that it is more likely that we will be in profits rather than not being in profits, yet we are likely investing based on a kind of believe that our investment is inclined towards going up.. yet we could get drug through extended periods of negativity, and unless our investment thesis is broken we still may well not be selling, even if the total of our holdings is in the negative, and we may well continue to buy for long periods of time that our investment is in the negative, especially if we conclude that our reason for investing had not been broken... which sometimes can also be difficult to know since negative price performance can frequently shake people out of their commitment or their losing their conviction about the investment.. which also takes us back towards some needs to build conviction about our investment, even if we might not know a lot about the investment at the time we get started investing and we hopefully learn information and build our conviction with the passage of time, and if we are not sure about an investment, we may well need to make sure that we temper the amount of our investment into it until we are gaining more conviction about the investment then we likely can continue to increase the amount that we are investing into it.

People can become confused about their own level of conviction and why they invested into something, yet the view of the asset is ONLY one of the nine factors, and other factors to consider when investing into bitcoin would also need to be part of the formula for figuring how much to put into bitcoin based on various personal financial (cashflow) and psychological considerations.

You’re right, trusting your investment decisions and believing in bitcoin’s potential is crucial for successful investment so no matter what happens along the way selling should not be an option until your investment goal is achieved.
It’s just as you said, a person should channel in an amount that matches their conviction about the investment and the more they gain more conviction they can increase the amount they are investing. A person investing too much in something they have little believe in will make them doubt the success of it even though they are looking to be in profit. So we need to clarify our conviction while considering other factors before investing to ensure a confident decision.

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

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

You're thinking like a trader, investors don't need to constantly watch charts or analyze trends. Deciding when to buy during a dip is a personal choice, based on individual risk tolerance. Buying during a dip can be a good strategy, even for those investing with DCA. If you have extra funds, you can take advantage of the dip and make the most of the opportunity if it won’t affect your DCA plan.

[Rabata]

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

Before I came to this forum, I could not make any plans with my assets. But when I learned about Bitcoin, firstly I was afraid to buy Bitcoin. Because what if I spend so much money and cannot make profit? Or if I lose my assets, etc., negative things would have stopped me from accumulating Bitcoin. But when I was watching the price of Bitcoin, it gradually started to go from high to higher. But sadly, if I had started accumulating Bitcoin at that time, my portfolio today could have been much healthier. But I have now converted the regret it into strength. Even though my holding is small, it is helping me to dream big dreams. DCA is the only way I can grow my Bitcoin holdings. The world's biggest holders are also doing DCA today. Such as Micro Strategy and El Salvador.

[Futurexxx]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life,

Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,

You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.
The as for Bitcoin guaranteeing good life? No, nothing is guaranteed in this life, something can happen very fast that can change the cause of so many things, we that are investing in it are doing so because we believe in it due to it track record and the it potential it has.

[avp2306]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,

You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.

Seems they are reading to much fantasy stories about bitcoin and think about that this is easies way to escape poverty that's why they think about that way. If they would just think about what they are doing and also consider to learn the risk of investing on Bitcoin provably they would never drop those kind of assumption but instead they would discuss other realistic things about their Bitcoin investment.

But for sure he could learn a lot when experience those things he didn't expect especially that there are sudden movements that provably test the patience of people towards how they deal with their Bitcoins.

Although we can say that Bitcoin has high possibilities to give us good profit in future, but still the market is unpredictable that's why its important that we know how to deal with certain situation to avoid bad mistakes. There's no quick rich scheme with Bitcoin but if they are consistent and can accumulate lots of volume  maybe with that they can earn huge from 4 - 10 years of accumulation.

[Marvelockg]

For me I would like to say for now Bitcoin is the only stable coin that can give you good life,

Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,

You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.

You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.

this is what differentiate an intentional investor that is aware of what he is doing from someone that just believes that because he has put in some small amount of money into buying of bitcoin that he is entitled to being profitable in his investment. the extent of the profit you get from investing in bitcoin is dependents on major variables like.
1. the amount you invested: this determine the extent of profit you get from your bitcoin investment at every time there is a bull because if bitcoin moves from $100k to @200k at a certain point in time, there is going to be a huge difference between someone that has a bitcoin stack of $10k and another person that only has just accumulated a bitcoin that is worth only $500. while the first person makes a profit of $10k within same time frame, the second can only make a profit of $500k and the result is a function of how much each of them invested.
2. another is how long one invest: this only plays a small role and mostly, it only helps someone that is probably doing the DCA to have enough time that he can make use of in accumulating enough bitcoin. how long one stay invested doesn't guarantee profitability on its own, it is how well one make use of the time that matters more.
3. the third can be the price even though for someone that is investing with the DCA method, price does not matter more because you just set out a rule and ensure you follow it up to the latter.

in conclusion, a lot of variables are combined together to get the best out of one's investment but of them all, how much bitcoin you have accumulated places you at a position where a positive market reaction can affect you better than your counterpart that might have less amount of bitcoin in his portfolio.

[Y3shot]

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

The main purpose to invest bitcoin is just to make profits,  we don't invest in bitcoin all in the name of just to invest but we invest in it because it is profitable and it is good to invest in it. The profit that bitcoin has is just the goal  that is why we will always focus on investment to yield good profit in the future. Focusing on the profit of bitcoin is not what will distract people from investing in Bitcoin,  what normally distract people not to concentrate in their investment is lack of patience, greed, lack of understanding, these have always been the reason why people have always failed to hodl to their investment.
For those who understands bitcoin and understand how profitable it is, infact this will be a motivation to focus more investing just to make a better profit in the future.

[Jewan420]

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

The main purpose to invest bitcoin is just to make profits,  we don't invest in bitcoin all in the name of just to invest but we invest in it because it is profitable and it is good to invest in it. The profit that bitcoin has is just the goal  that is why we will always focus on investment to yield good profit in the future. Focusing on the profit of bitcoin is not what will distract people from investing in Bitcoin,  what normally distract people not to concentrate in their investment is lack of patience, greed, lack of understanding, these have always been the reason why people have always failed to hodl to their investment.
For those who understands bitcoin and understand how profitable it is, infact this will be a motivation to focus more investing just to make a better profit in the future.

Yes, the purpose of investment is to make a profit. This is the case for any investment, be it Bitcoin investment or other investments. There is nothing wrong with focusing on profit in investment, but planning the investment period based on profit may be a bit confusing. It may be based on the percentage of profit (%). But my question is if you are able to get your specified percentage (%) profit from the investment in the initial stage of investment, will you sell it immediately?

Although there is nothing wrong with focusing on Bitcoin's profit, determining the investment period based on a specific amount or percentage of profit can create some confusion. Because, Bitcoin may be able to give 2X or 3X profit even in the initial stage of Bitcoin investment, but if you decide to sell the investment at that moment, then you are trading with Bitcoin. Because, your investment does not have a stable goal, your goal is unstable. Holding Bitcoin for volatile purposes may not meet the definition of investment.

[GIF-JOBS]

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

The main purpose to invest bitcoin is just to make profits,  we don't invest in bitcoin all in the name of just to invest but we invest in it because it is profitable and it is good to invest in it. The profit that bitcoin has is just the goal  that is why we will always focus on investment to yield good profit in the future. Focusing on the profit of bitcoin is not what will distract people from investing in Bitcoin,  what normally distract people not to concentrate in their investment is lack of patience, greed, lack of understanding, these have always been the reason why people have always failed to hodl to their investment.
For those who understands bitcoin and understand how profitable it is, infact this will be a motivation to focus more investing just to make a better profit in the future.

In fact, the most important thing in Bitcoin investment is a clear long-term goal, patience, and knowledge of the real potential of Bitcoin. Many people invest in Bitcoin greedily in the hope of quick profits, but due to short-term volatility, they lose patience and panic and sell their holdings, as a result they into losses.

The only real success in Bitcoin comes from long-term holding, and those who understand the true functionality of Bitcoin and the potential for long-term success, and can realize it, are right to focus only on holding it. Bitcoin is not just a source of profit, it is a long-term investment opportunity, Which, with the right knowledge, planning, and consistency, it will bring great success in the future.

[Scarlett_23]

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

Everyone feels good when BTC prices are at all time highs, so part  of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being  in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.

To invest in Bitcoin, you have to be strategic, that is, you have to adopt some strategies. The investor has to be patient and a long-term perspective is very important. And long-term investment can usually be done by waiting for a few cycles. Because the price of Bitcoin basically fluctuates in a big cycle. One cycle basically lasts for four years. Because halving occurs here every four years.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.

[Futurexxx]

I do not support focusing on profit in long-term investment. You should keep managing your investment based on your goal, this is the best goal. But if you keep calculating the amount of profit while focusing on profit, you may be tempted to sell the holding. Entering into an additional portfolio in long-term investment can become an obstacle to your long-term investment.

The main purpose to invest bitcoin is just to make profits,  we don't invest in bitcoin all in the name of just to invest but we invest in it because it is profitable and it is good to invest in it. The profit that bitcoin has is just the goal  that is why we will always focus on investment to yield good profit in the future. Focusing on the profit of bitcoin is not what will distract people from investing in Bitcoin,  what normally distract people not to concentrate in their investment is lack of patience, greed, lack of understanding, these have always been the reason why people have always failed to hodl to their investment.
For those who understands bitcoin and understand how profitable it is, infact this will be a motivation to focus more investing just to make a better profit in the future.

             But my question is if you are able to get your specified percentage (%) profit from the investment in the initial stage of investment, will you sell it immediately?

In the case of Bitcoin, if you buy and cannot hold for a long time, it's no longer an investment, you are actually trading, that's just the reality, because at the initial stage, you planned on holding for a very long time, but due to temptation of cashing out minimal gains, it's more of trading your Bitcoin than investing.

Although there is nothing wrong with focusing on Bitcoin's profit, determining the investment period based on a specific amount or percentage of profit can create some confusion. Because, Bitcoin may be able to give 2X or 3X profit even in the initial stage of Bitcoin investment, but if you decide to sell the investment at that moment, then you are trading with Bitcoin. Because, your investment does not have a stable goal, your goal is unstable. Holding Bitcoin for volatile purposes may not meet the definition of investment.

Yes, you are very right on this, not being able to hold for a very long period of time doesn't meet the requirements needed to be term as an investor, because a Bitcoin investor should be able to hold his asset for at least 10 years interval, by then Bitcoin might have done up to 10x of it current price or more, but selling it prematurely for minimal gains are mostly the trait of traders not investors.