Buy the DIP, and HODL!

[Futurexxx]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

That is not the only way you can earn profits from BTC, but if you want to earn a big profit from BTC, buy dip and sell when the price is very high in the market, which is the only way you can achieve such massive profits from BTC because it will allow you not to sell in the low price until the high price occur before you can sell to earn massive profits.

If they are not financial buoyant, I guess waiting for the dip is the best option for such category of investors to buy BTC from the market because it will help them to buy plenty of BTC and hodl for the price of their desire to come before they can visit the market to earn profit. But if you want to use DCA to accumulate BTC, make sure you are financial buoyant because there is nothing that will make you sell your BTC in a short term than to continue to buy in the dip to accumulate BTC in your portfolio.

I think you are missing out on the bigger picture here, the DCA accumulating strategy best suit the low earner because it's a accumulating strategy that makes you to buy base on how much you can afford bit by bit, before you know it, you may have accumulated a lot, even more than what you expected from the very onset, but the goal is to hold for a very long period of time, because selling for minimal gains are just the mindset of traders not investors like us.

Then talking about waiting for the dip before making a purchase, I believe that jayguangee has already address that already, you don't need to wait for a dip before making a purchase of Bitcoin because in the process of waiting you may miss a whole lot of buying opportunities that may present itself, and you will be unable to add to your stash of Bitcoin if you have any in the first place, so it's very much necessary that you don't wait for a dip before you buy Bitcoin, mostly if you are seriously lacking behind in your accumulation or you haven't even started at all

[sotelorene]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

It is not just wrong for newbies investors alone to wait for a dip before they buy, even veterans too, it doesn't matter wether you are a newbie investors or not, it is absolutely wrong to wait for a dip before making a purchase of Bitcoin especially when your stash of Bitcoin is not good enough to wait, those investors that has gone far in their accumulating journey can have the leverage of waiting for a dip, but it's not ideal, because they know that they can miss a lot of buying opportunities too,  but due to how far they have gone in their accumulation of Bitcoin, it wouldn't be much of a disaster but those that are just getting started, those that has less or no stash at all, waiting would really be a terrible idea.

So the best thing to do wether you are a newbie investors or a veteran investor, is to buy Bitcoin regardless of it present price, but if in the process the price dip further, you can buy aggressively only if you have the financial leverage to do so, but waiting for the dip is what I really don't find encouraging.

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either  they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.
 

[ginsan]

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either  they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.

Don't misunderstand that waiting for dips is not the wrong choice.

I once met someone who had bought btc from a price of $8k and $30k. Where he had accumulated btc using the DCA method and for now the status of btc in his portfolio has reached satisfaction or he has felt sufficient with the DCA accumulation. And for now he is relatively buying btc by waiting for dips and that is a good choice considering he has reached satisfaction with the DCA strategy.

Buying at dips is not a wrong strategy, my friend, buying at dips can also be applied by novice investors by also accumulating with the DCA method. generally buying dips is taking advantage of opportunities when prices drop 10% or reach 14% and the opportunity to buy can be executed with the funds that we have prepared.

For this reason, investment planning requires several special strategies in managing money, reserve funds, and emergency funds. You can use the reserve fund to buy at a dip and the emergency fund for idle status, aka it can be used when you have no more income, that's when you can take the emergency fund to execute purchases every week.

The same is the DCA, Dips, Lumps sum Strategy, namely the same goal to collect btc in our portfolio. But it would be better if we could apply all three strategies simultaneously in accumulating bitcoin for the long term.

Don't mind unreasonable advice, because building a portfolio requires self-awareness in any way that can be done as long as it is comfortable to set.

Generally invest with the smallest value of $10 and slowly it can be increased to be larger with the adjustments that we have set.

[Tmoonz]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

It is not just wrong for newbies investors alone to wait for a dip before they buy, even veterans too, it doesn't matter wether you are a newbie investors or not, it is absolutely wrong to wait for a dip before making a purchase of Bitcoin especially when your stash of Bitcoin is not good enough to wait, those investors that has gone far in their accumulating journey can have the leverage of waiting for a dip, but it's not ideal, because they know that they can miss a lot of buying opportunities too,  but due to how far they have gone in their accumulation of Bitcoin, it wouldn't be much of a disaster but those that are just getting started, those that has less or no stash at all, waiting would really be a terrible idea.

So the best thing to do wether you are a newbie investors or a veteran investor, is to buy Bitcoin regardless of it present price, but if in the process the price dip further, you can buy aggressively only if you have the financial leverage to do so, but waiting for the dip is what I really don't find encouraging.

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either  they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.
 

In a more precise way, buying the dip shouldn't be a primary accumulation strategy for those who has a long way to go in their bitcoin accumulation journey, yes of a truth it can offer buying more Bitcoin with the same amount of money used as compared to buying from it's previous highs hence, it can be seen as a secondary accumulation strategy in your ongoing primary strategy if you are readily prepared for it with a reserve funds and there is nothing absolutely wrong with it, but yeah it can become problematic when you get carried away all in the name of attempting to buy the dip and used the money that is not is meant for investment to buy Bitcoin. As for me, I have decided that it is best I remain focused with DCA to enable me to maintain and sustain the original plan.

[suzanne5223]

-snip-

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

DCA requires you to constantly have a budget in your pocket to purchase and purchase within the time period you determine. Not everyone is suited to this strategy - but you can get around this by not using 100% of your budget on your first purchase. Set aside a few percentages into several parts – for example 25% of each purchase, that is also referred to as DCA. If you have an extra budget each month - it's probably safe for you to spend 100% of that budget on each purchase and you'll do DCA again next month. In essence, DCA is an adjustment by dividing several parts of your capital instead of buying all at once with 100% of the capital.

Yes, the DCA strategy is an investment that involves constant accumulation of Bitcoin but you seem to miss some point and the route that entails using DCA.
I said this because DCA was a method that helps Bitcoiners maintain their expense, financial responsibility, and savings while they still invest in BTC.
An example some people are paid weekly. Such a person will calculate his/her expenses before the next pay with the portion of the wage he/she can use to accumulate BTC weekly, or monthly.

From my understanding of what DCA is about. You have explained what it means but the major challenge of DCA's investment strategy is constantly regurgitating the investment which I believe is the reason why JayJuanGee brought up the idea of analyzing the plug-in numbers to see how it plays out.

Yes, DCA is the method that is understood and used by Bitcoiners, not rich/naive folks who join the market due to the advantage presented by Bitcoin.

If we are looking back at history, and we have actual numbers because we know enough about a person's situation, then we would have the actual numbers that we could plug in and also see the variations in amount invested or other factual matters with a potential of making actual comparisons and based on actual hypothetical facts, even though we might end up guessing if we are trying to proclaim a person might invest based on sentiment rather than investing strictly based on how much disposable income he had coming in (for example calculating the disposable income for each wee and then presuming 50% had been used to buy bitcoin as compared with some other scenario). 

Many times when we are arguing on a forum like this we don't necessarily have enough information to plug in actual details, so we might just end up giving some general number like $100 per week for the past 8 years and then plugging that into a DCA calculator, and frequently that can be good enough to compare DCA versus lump summing at various points.

If we are trying to project into the future, then we still might get some kind of an idea about how much income we have and we can project out various price scenarios for the BTC price, so we could see a base case scenario as compared to best case scenario, worse case scenario and likely variations of the scenarios, and we could get some pretty decent ideas, even though for sure we are not going to know all of the details and if we were going to attempt to maintain such future projection, we likely would have to tweak our future projection from time to time to account for actual facts or changes to circumstances that would likely change the future scenarios. 

I think that an Excel spreadsheet can be quite powerful to make make future projections, including once we make our base case scenario, then we can copy paste a lot of the variables into new columns in order to create a variety of scenarios, and we can build on our variables and also save our earlier versions.  It can be quite helpful to assist us in working through various scenarios and even to figure out which portions we can control and which portions are out of our control, yet we can still attempt to account for the knowns and the unknowns, including using probability and percentages and even  incorporate some of our theories of the world, to the extent that we believe that our theories could impact the variables of the scenarios.

You have pointed out almost all the reasons behind what makes it hard for people total survive with the use of DCA but I believe it will be nice to be flexible when using the method DCA and adding the concept of using an Excel spreadsheet to keep the record of the process to have full understanding of the future projections.

[Ryu_Ar1]

The views of some people are sometimes so naive when there are some influencers or some politicians who say and relate to bitcoin are always considered as blessings and assume that they will have a big impact on bitcoin when honestly there is no need to be glorified like that because it is precisely they themselves who borrow the name bitcoin to make their popularity lifted not the other way around because with their presence or absence bitcoin will actually be fine.
Likewise with this case, there is a lot of discussion about Trump or his coin which is always glorified even though he also only wants to make his name considered good enough among bitcoiners so that his candidacy is easier and it is proven that now he has found his position.

Some folks label Trump's actions as a grift on bitcoin, yet it also could be labelled as another variation of an affinity scam, which largely is the same thing as a grift, even though people might better understand the concept of an affinity scam is to put yourself next to something like bitcoin and then to play off of the reputation of that thing (in this case bitcoin) in order to make yourself and/or your ideas seem more valuable.  Surely it can become more difficult when someone like a USA president has a lot of power to make various kinds of changes (or proposals or actions) that can contribute towards pumping and/or dumping of the asset, in this case bitcoin... We surely cannot proclaim that Trump's actions are meaningless, especially when some of them have quite material impacts, whether referring to a full and unconditional pardon of Ross Ulbricht or various studies of bitcoin or putting of folks who seem to be quite a bit on the side of bitcoin into positions of power (even if some of them are quasi-shitcoiners too), very material impacts end up playing out that also may well contribute towards gaining support of bitcoiners who might have had otherwise been more vocally opposed to the various kinds of ways that Trump balances various policy direction attempts - including his tendencies towards self-serving can be overlooked if his self-serving seems to also align with either seemingly pro-bitcoin or at least a step in the direction of a less anti-bitcoin kind of an approach.

It is undeniable that there is an impact that will ultimately be generated when indeed some people like Trump, other politicians or ultimately Influencers who talk about bitcoin to the price increase which is an impact that will occur to bitcoin, but in the end we also understand there is always feedback generated, they do say as if it is selfless but in the end the benefits for their individuals from the results of leveraging or associating themselves with bitcoin are also very large in the end and I think even that is greater than the impact they have on bitcoin so that in the end in this case regardless they also use bitcoin as their own benefit for a much greater purpose because the benefits of increasing the value of bitcoin are only optional for them. The example of Trump alone where even he was hailed by many people who were based on bitcoin and crypto just because he gave a promise that many bitcoin lovers wanted when he was elected, meaning he already got what he wanted and the increase in the value of bitcoin was just more profit for Trump.

Indeed, not all will eventually crumble quickly because as you said there must be some that can survive for several years but in the end there is no need to focus too much on that because in the end our initial goal remains focused on bitcoin especially when talking about this $trump coin which even seems to be exaggerated news which in the end for now it seems that not a few people regret it and are trapped in shitcoin like this.

If Trump is alive for all four years of what is supposed to be his presidency term (referring to his age), then his shitcoin can potentially be pumped and dumped through the whole period, even though surely if Trump's various behaviors end up going too far overboard, there could be backlash that comes in a variety of ways, and even from a legal perspective, they are likely dancing on a very tight rope in terms of what Trump can get away with and not trigger some kind of an investigation or even obvious breaches of the Emoluments clause of the constitutions (which is supposed to prevent the president from being bribable by foreign powers and perhaps other readings of it), to the extent that the emoluments clause applies to him as he strives to be exempt from all laws and sometimes it seems that the Supreme Court has contributed towards the creation of a monster in terms of their seeming to want to bend over backwards to jump through all kinds of weird constitutional/legal interpretations to agree with some of his  (and his counsel's) seemingly crazy-ass arguments in regards to his being exempt from various laws and/or abilities to be prosecuted... .and sure, he does not seem to be unwilling to push limits beyond credulity and potentially contribute towards potential constitutional crises depending on interpretations of how much he might be successful in pushing certain kinds of boundaries.

Bitcoiners might sometimes consider him to be aligned with bitcoiner interests, yet I doubt that is it always going to be very clear what the ramifications  of some of his behaviors might be, whether it is pumping of his shitcoins or some of his other shit-stirring behaviors that normies (including bitcoiners) might believe that they like or that they are on similar teams until they don't like it anymore.  His being "full of surprises" is a known character flaw that might not always end up playing out well in a variety of ways, whether financial systems or political systems or even military or policing systems.  The impacts can end up overlapping, and we might not even see some of the ramifications of some of Trump's behaviors or how he might be compromised until later down the road, and so we might not even know the extent to which Bitcoin might end up being negatively affected by some of his behaviors, whether it is related to Trump coin or some other goofy behaviors that he might test out.

Indirectly this goes back to the decision of Trump himself because indeed his decision will be very continuous with others and create a domino effect of what he will decide later?

But I agree with what you said when talking about trump's shitcoin there will be a possibility that his pump and dump action will still be very potential to happen but in the end here our role must be careful because it would be very silly to continue to follow the flow and get stuck for the same thing several times. Especially for those bitcoiners, of course, they have to think more carefully whether it will be potentially good or not for them, as long as it has a big impact we should realize that being in shitcoin like this will only waste time, energy and of course your own money.

They are too lulled by the momentary gains at the end of the day that they forget an important thing that should not be forgotten.
Even though we can't blame those who fomo but should be with many things that have been felt before they should take the lessons that can be taken that shitcoin will remain shitcoin but most of them are already blinded by many ridiculous assumptions that in the end they always make the same mistake with fomo again and again.

Each of us still has to be skeptical of even number go up technology, including in bitcoin, since the power of bitcoin is not merely its number go up, but its ability to transact directly between normies (including us) and including big players and including institutions and including alleged criminals (not that I am promoting criminals) without getting permission in advance....  So sure, we might be lured into various inferior products, and sometimes we might not even know for sure the extent to which our wallets are allowing for transacting without surveillance or abilities to get locked.. ..so for sure, I would not be claiming that just staying away from shitcoins is the ONLY thing that we need to continue to attempt to be vigilant about...and so each of us likely just does his best to both protect our BTC and to keep a decent percentage of our coins in our own private wallets rather than being held in wallets that might be controllable by third parties.  There are also platforms like NOSTR in which we can attempt to communicate without being censored.. and sure this forum strives to allow for as much free speech as possible, but at the same time, there might be certain kind of matters that the forum might not be comfortable to allow, which surely we saw nervousness around mixers, and it can be difficult to know if some of those services will be allowed to be discussed in the future.... .. so sometimes we might have to dance around some of the security and privacy topics.. even though each of us may well consider that we have rights to security and privacy in our transactions without anyone presuming that we are doing anything wrong merely because we would like to either mix our coins or coin join or create some plausible deniability in regards to how many coins we have and which addresses are our coins versus some other person.

What you say is not wrong because even if it's bitcoin, of course there must be a special concern and actually knowing the risks of being in bitcoin, I think it has become a special concern that in the end being in bitcoin does not mean we have to give ourselves completely. We have a mind and of course we realize we depend on ourselves and bitcoin is only an intermediary so skepticism must still be one of the things that must exist but however when comparing it with shitcoin of course we also rethink because in the end “feasibility” becomes one of the things that must be realized so that the choice is of course bitcoin is more worth it so even if we have skepticism in the end it will not be greater than with shitcoin which makes us realize that things worth it like bitcoin must be maintained.

[bestcandy]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

Waiting to buy Bitcoin at the dip is not a good decision for anyone that want to make good investment in Bitcoin because it's not certain that the price will reduce to the minimum expected value that you targeting before you will buy and this can make someone to loose a good opportunity buying Bitcoin at a good rate if you consider DCA.
I think buying Bitcoin by DCA is more preferable to waiting to buy in dip because with DCA you can be monitoring the price and still be investing on a particulate rate over the time and even if the price happen to appreciate instead of dipping as you are expecting you are already in business that will give you a good return which you can add up with the valuable capital to buy more Bitcoin by DCA.

[JayJuanGee]

He calculates out the amount that he has to set aside for his expenses, and then he attempts to maximize his BTC buys with whatever he has available, and sure sometimes the amounts might be regular and weekly or every couple of weeks, but every once in a while he might receive amounts that are way larger than his regular amount, so perhaps every week he is getting around $10 extra that he can spend on BTC, but every 3-4 months he has some side project that he receives somewhere between $150 and $300 - depending on details of how the project ended up going, so at that time, when he gets those larger payment amounts, he suddenly has 15x to 30x his usual weekly DCA amounts, so he knows that he could still choose to treat the amount as a DCA amount and buy right away, even though he also knows that when he gets those larger amounts, he has more options during the times that he ends up receiving those larger than usual amounts.

That's the strategy we have to adopt, specially the one who dont have huge cash in the form of lump sum but have some extra cash occasionally. As long as you don't have enough Bitcoin be bullish in putting anything you have in Bitcoin. I have shared my personal experience of how HODLing Bitcoins for less then a year can be helpful. If Bitcoin can increase it's value considerably in one year then how much benefit it will give in next 10 to 15 years? For that we need to go bullish in accumulating Bitcoins.   

When we are reaching new ATHs then everyone looks like a genius, so I doubt that you can be applauding yourself for being so wonderful for being in profits after a year, and it is the same for anyone holding bitcoin for less than 4 years.

Make it through a whole cycle and then you will start to potentially have some credible in regards to telling me how wonderful your own personal situation has been in regards to what you did and how you handled the whole cycle.

Sure, not everyone is going to end up doing the same thing, but if they mostly bought for at least one whole cycle, then I would consider that to be impressive. 

There may be some guys who make some adjustments to what they do through the cycle, and I have no problem with some ideas of tailoring, too.

We are not all equal too, since some guys got in at different stages of the last cycle, so there are different challenges to get in while the BTC price is going up as compared with the challenges of figuring out what to do while the BTC prices are going down.. and even after 4 years, there may well be some instance in which another 1/2 cycle might need to be taken into account to really start to build some credibility in regards to how a guy might handle his BTC stash but also to show how he handles his BTC accumulation and/or determininations that he had accumulated enough BTC, if that ends up happening within a cycle or two.

We have some guys chiming into this thread (and some of the other related forum threads) who have spent close to 2 cycles in bitcoin and still are not even close to reaching a status of their target accumulation or overaccumulation, yet they still come to conclusions that end up fucking up their BTC accumulation.  They made the same mistakes in the past, yet they continue to make similar mistakes which I believe tend to revolve around losing focus on BTC accumulation.. so I am not going to agree to anyone being able to pat themselves on the back for having had demonstrated some kind of personal accomplishment merely for whatver they might have had done in less than going through a whole bitcoin cycle.

Sure no problem if you are making progress and continuing to stack BTC, but to suggest the mere fact that your holdings are in profits seems way premature, since right now every single person (besides the dumb ass traders) who has been mostly accumulating and/or holding should be in profits.

Traders have varying results, and there are going to be times that traders try to act like geniuses too.. but I tend to have my doubts over whatever bragging that they are doing unless maybe they have a couple cycles in bitcoin and they are able to beat the investor who merely strictly DCA'd a similar investment amount over the same time as the trader supposedly performed well.. and there are few traders who are really in a good position relatively speaking as compared to the strict DCA BTC persons.

From time to time, there are still going to be some strange situations that end up happening in terms of guys sometimes forgetting about their BTC or even forgetting how to access it.. and then maybe remembering at some later point...... .so even a person might buy a few hundred dollars worth of bitcoin, and then maybe the price goes up 8x or more, so the guy goes to try to figure out how to access his  BTC, but he cannot figure it out, and then maybe the price drops back down, so then he thinks that he will just get back to the problem of trying to access his coins later, and maybe he keeps procrastinating because he is not even sure he can figure it out, and maybe the BTC price goes up again, and then it is 20x or more higher than his earlier price, so then he becomes even more inspired to try to figure out how to access his coins.. and yeah, maybe it sounds weird.. but there can sometimes be weird kinds of situations that may also relate to a person who has a variety of other things going on in their lives and maybe even  some explanation why they are not putting more effort into monitoring and/or managing their BTC in a more reasonable (or normal) way.

There are many such examples in initial days of Bitcoin, when people got whole bunch of Bitcoins for just few dollars or even for free. In those early days people mostly take Bitcoin for granted and they woke up when there few dollars worth of Bitcoins were in millions but they don't know how to access them. Anyone who is doing such silly mistake today must be tagged as a fool. Because of the previous cases, we must be aware that Bitcoin today will have it's value increased in coming years. To get benefit of your current hodlings in future, one must has to take care of his Bitcoins keys/passwords.   

There are still going to be folks making mistakes in regards to various ways that they manage their BTC and also not realizing mistakes that they made.

It can sometimes be complicated, and many of us have many things going on in life, and little mistakes (or oversights) can sometimes end up with pretty BIG negative repercussions, even if the kinds of mistakes might change over time, there are still plenty of mistakes related to dealing with private keys and also a lot of mistakes of agreeing to use an exchange that ends up rug pulling or blocking accounts.. Those can be similar kinds of mistakes that people should not do, and should know better, but they are still going to end up making a variety of mistakes that result in lost coins or hacked coins and/or various other ways of losing coins.

Blackrock is another example of wallets that is DCA Bitcoin everyday because they having vision and goals for Bitcoin.

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

[JayJuanGee]

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

I never suggested that people should not be worried about Blackrock.  Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and  I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.

[Zackz5000]

Waiting to buy Bitcoin at the dip is not a good decision for anyone that want to make good investment in Bitcoin because it's not certain that the price will reduce to the minimum expected value that you targeting before you will buy and this can make someone to loose a good opportunity buying Bitcoin at a good rate if you consider DCA.
I think buying Bitcoin by DCA is more preferable to waiting to buy in dip because with DCA you can be monitoring the price and still be investing on a particulate rate over the time and even if the price happen to appreciate instead of dipping as you are expecting you are already in business that will give you a good return which you can add up with the valuable capital to buy more Bitcoin by DCA.

There is absolutely no need worrying your self by always cheeking or monitoring the price of bitcoin when you are already using the DCA strategy for it is gamblers or traders that always monitor bitcoin price so they could sell out if the price is dropping meanwhile the DCA strategy gives you the room to invest at a regular interval by gradually accumulating more bitcoin either every weeks or months weather the price is high or not and continue hodling for long, so always monitoring the price of bitcoin before accumulating Bitcoin is not for DCA users for it is traders or gamblers that always monitor bitcoin price before accumulating Bitcoin.

[Dave1]

Waiting to buy Bitcoin at the dip is not a good decision for anyone that want to make good investment in Bitcoin because it's not certain that the price will reduce to the minimum expected value that you targeting before you will buy and this can make someone to loose a good opportunity buying Bitcoin at a good rate if you consider DCA.
I think buying Bitcoin by DCA is more preferable to waiting to buy in dip because with DCA you can be monitoring the price and still be investing on a particulate rate over the time and even if the price happen to appreciate instead of dipping as you are expecting you are already in business that will give you a good return which you can add up with the valuable capital to buy more Bitcoin by DCA.

There is absolutely no need worrying your self by always cheeking or monitoring the price of bitcoin when you are already using the DCA strategy for it is gamblers or traders that always monitor bitcoin price so they could sell out if the price is dropping meanwhile the DCA strategy gives you the room to invest at a regular interval by gradually accumulating more bitcoin either every weeks or months weather the price is high or not and continue hodling for long, so always monitoring the price of bitcoin before accumulating Bitcoin is not for DCA users for it is traders or gamblers that always monitor bitcoin price before accumulating Bitcoin.

Right, because when you do DCA, you will not look at the market price as you are investing a fixed amount of Bitcoin in it, maybe weekly or bi weekly or monthly or whatever fits your capital and budget. A good example might he like investing $1k per month, if because of volatility, Bitcoin drops in a certain period, then obviously you can buy more with that allotted budget of yours, averaging out the cost.

And over time, your average cost per Bitcoin stabilizes, so it's a win-win situation for us specially average joe investors. Another advantage is that DCA is really suited for long term investors as the price of Bitcoin really goes up despite short-term corrections. In short, it helps accumulate Bitcoin consistently, regardless of market conditions.

[laijsica]

Edited out..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

BlackRock initial plan is to increase its holdings of Bitcoin and they may be able to predict that its price will move in a wide range in the future. Small investors like us need to follow suit and have our own strategy for accumulation. Instead of showing instability to get themselves into a state of worry BlackRock does not conduct research on the psychological thinking that big holders try to get involved in the market which can affect ordinary investors through large fluctuations but this may be a temporary strategy that may not affect you too much for long-term accumulation. It is easy to guess that the bullish potential is greater than the possibility of a large decline.

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

I never suggested that people should not be worried about Blackrock.  Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and  I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.

They may not intentionally deprive themselves of the possibility of making a profit and they are trying to do by holding Bitcoin that they may psychologically assume that the current market situation is in their favor and the dips they expect in the future. The big financial companies have unscrupulous specialists who may try to manipulate it but this is to fill their pockets and to push the market price up to the point of increasing. They may not want to lose their capital by throwing it under the wheels of the bus. Therefore Bitcoin accumulators should constantly invest in Bitcoin and not sell their valuable assets (Bitcoin) to holders like BlackRock.

[Andrija Branislav]

They may not intentionally deprive themselves of the possibility of making a profit and they are trying to do by holding Bitcoin that they may psychologically assume that the current market situation is in their favor and the dips they expect in the future. The big financial companies have unscrupulous specialists who may try to manipulate it but this is to fill their pockets and to push the market price up to the point of increasing. They may not want to lose their capital by throwing it under the wheels of the bus. Therefore Bitcoin accumulators should constantly invest in Bitcoin and not sell their valuable assets (Bitcoin) to holders like BlackRock.

Like some time ago when the market crashed a little because of the actions of whales who sold a lot so that later they could get a cheaper price and blamed the newcomer, an AI-based application from China. This also caused market panic even though it was not much, but we who like to collect BTC even though the rate is small with DCA moments like that we must also take advantage of it quickly

[Barikui1]

They may not intentionally deprive themselves of the possibility of making a profit and they are trying to do by holding Bitcoin that they may psychologically assume that the current market situation is in their favor and the dips they expect in the future. The big financial companies have unscrupulous specialists who may try to manipulate it but this is to fill their pockets and to push the market price up to the point of increasing. They may not want to lose their capital by throwing it under the wheels of the bus. Therefore Bitcoin accumulators should constantly invest in Bitcoin and not sell their valuable assets (Bitcoin) to holders like BlackRock.

Like some time ago when the market crashed a little because of the actions of whales who sold a lot so that later they could get a cheaper price and blamed the newcomer, an AI-based application from China. This also caused market panic even though it was not much, but we who like to collect BTC even though the rate is small with DCA moments like that we must also take advantage of it quickly

I think that Bitcoin has gone past that level of being manipulated by a single person,  before Bitcoin crashes by 5% just know that the selling pressure was too much on that day, market manipulation most happens in alt and shit coin, because it extremely difficult for an individual to pull down the value of Bitcoin base on the stash of Bitcoin he has. But  market manipulation is none of my business because since am not a trader, it is only traders that are mostly affected by market manipulations.
Besides am also very confident that as long as you are a long term holder of Bitcoin, regardless of how the market moves or it's being manipulated, you actually wouldn't be bothered or lose sleep over it because those manipulation is just for a while, before it continues it magnificent surge upward, so the best thing to do as a Bitcoin investor is to buy aggressively when their is a serious dip in the market only if you have the financial leverage to do so, but on the case of the market being manipulated, that is the cup of tea for traders, not investors like us.

[EclipseXcrypto]

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

I never suggested that people should not be worried about Blackrock.  Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and  I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.

BlackRock are also accumulating bitcoin just like other Big financial companies, but as a small investor, its essential to stay vigilant about these big players like BlackRock etc in the market. They are always looking to profit, at times there will always be an untrustworthy moves by these bigger entity to manipulate and create uncertainties in the market for their gains. Although Bitcoin is designed to withstand attacks and no matter the string they pull or uncertainties they create. Smaller investor need to be focus on long term and stay optimistic on the potentials of bitcoin, its important for bitcoin accumulators to stay invested and not get swayed into selling during market fluctuations.

[Gallar]

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either  they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.

If the context is for beginners who have just started investing in bitcoin, waiting for the price of bitcoin to fall first before making a purchase is not the right choice. Because losing momentum will indeed be a risk that must be accepted by beginners who wait for the price to fall when they want to make a purchase. Therefore, for beginners who are really serious about investing in Bitcoin, and already have a lot of cold cash, it is best to invest immediately. However, if the context is an investor who has been investing in bitcoin for a long time, and already has quite a lot of bitcoin. Maybe waiting for the price to fall when investing in bitcoin I don't think is a big problem. Because basically that person already has a lot of bitcoin. So whether he wants to wait for the price to fall, or buy bitcoin at any time, I don't think it will be a problem. But it's different from a beginner investor who doesn't have any bitcoin at all. I don't think the beginner should think too much and buy the bitcoin straight away.

[avp2306]

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

I never suggested that people should not be worried about Blackrock.  Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and  I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.

BlackRock are also accumulating bitcoin just like other Big financial companies, but as a small investor, its essential to stay vigilant about these big players like BlackRock etc in the market. They are always looking to profit, at times there will always be an untrustworthy moves by these bigger entity to manipulate and create uncertainties in the market for their gains. Although Bitcoin is designed to withstand attacks and no matter the string they pull or uncertainties they create. Smaller investor need to be focus on long term and stay optimistic on the potentials of bitcoin, its important for bitcoin accumulators to stay invested and not get swayed into selling during market fluctuations.

If we are investing because we always look forward on what this companies do then provably that we cannot sustain our investment especially if they decide to sell their asset and take profits. Since for sure that every action they made affect us. That's why better to invest according to your knowledge and also don't buy those hyping they made. Just be consistent on your own accumulation and don't try to catch anything they say since provably that they are just manipulating the mind of people.

As you said its really better for people to focus and keep on track on their target years since whatever those companies do for sure will not affect your investment and there's more good chances to earn more rather than buying those short time hype they made.

[EarnOnVictor]

Blackrock is selling shares and accumulating BTC on a daily basis in order to back up client claims to the shares that are supposed to be pegged to the BTC price.  Even though Blackrock owns the coins they have fiduciary duties to their clients..and those are supposed to be legally enforceable duties, yet a lot of BIG companies are used to engaging in a variety of manipulations of markets and even getting profits over their clients in ways that are sometimes quite questionable, but legally acceptable.. and surely I would not put it past Blackrock to be continuing to manipulate clients and also manipulate bitcoin in whatever ways that they are able to do so and get away with it, including that sometimes they make money by being the BIGGEST player (bully) within various sectors that they can sometimes play off of one another when having such large stakes..

BlackRock is buying a lot of Bitcoin.  That makes some people worried.  A company that is big could easily mess with the price of Bitcoin, even if they're not breaking any laws.  They have to look after their customers' money, but they could also be making money for themselves at the same time. We need to make sure they're doing the right thing.

I never suggested that people should not be worried about Blackrock.  Bitcoin is supposed to be made for attacks, but yeah, you never know - some of these companies are experts on ways to make money in a variety of creative unscrupulous ways, and  I am not sure if that means that they are going to throw bitcoin under the bus, even if they were able to throw bitcoin under the bus.

I align with you, you know what, people like to follow the trend without giving room for a second thought, not knowing that this second thought at times is what helps you build/plan the "factor of safety." It's lovely that Bitcoin progressed with the ETF like other notable assets, and thanks to the likes of Blackrock, but we should not forget that all the fiat/traditional/centralised guys are always in for business, exploitation and open more room for government control, they can compromise.

Even the ETF of a thing is a way to indirectly regulate Bitcoin more when bought under a custodial arrangement of ETF. The more the portion bought through them, the more control they and the government have.

I blame those who do not understand Bitcoin very well, they are the ones who can opt for the ETF arrangement when there is a more viable option of non-custodial that will give full control over your coin.

[Shadiq]

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either  they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.

If the context is for beginners who have just started investing in bitcoin, waiting for the price of bitcoin to fall first before making a purchase is not the right choice. Because losing momentum will indeed be a risk that must be accepted by beginners who wait for the price to fall when they want to make a purchase. Therefore, for beginners who are really serious about investing in Bitcoin, and already have a lot of cold cash, it is best to invest immediately. However, if the context is an investor who has been investing in bitcoin for a long time, and already has quite a lot of bitcoin. Maybe waiting for the price to fall when investing in bitcoin I don't think is a big problem. Because basically that person already has a lot of bitcoin. So whether he wants to wait for the price to fall, or buy bitcoin at any time, I don't think it will be a problem. But it's different from a beginner investor who doesn't have any bitcoin at all. I don't think the beginner should think too much and buy the bitcoin straight away.

We cannot advise an experienced person who already has a lot of Bitcoin or has reached his point to buy immediately. There are two reasons for this, the first is that he is an experienced investor who has sufficient knowledge and a deep understanding of what to do when. We cannot give any advice to such a person if he does not ask for advice. Yes, an experienced investor can delay the time of buying and can continue to buy immediately. Because, he already has a lot of Bitcoin where he can enter the market at will and it will not have any negative impact.

But if you look at it from the perspective of a beginner now, if you leave him free, he may take the wrong steps or delay the price to fall where he loses the buying opportunities. Since he is a beginner, he is learning here. I would like to advise him, you should not depend on the market to buy. You should continue to buy consistently depending on your ability, that is, be focused on buying by adopting the DCA method. As a beginner in investing, the price of Bitcoin will only confuse you. It is better for a beginner to invest without any delay and if he has basic knowledge about investment, he should enter the investment as soon as possible in his long-term plan. Because, the more you delay, the more you will lose the opportunity to buy, maybe you will be unable to use that opportunity even if you have the opportunity to buy at a low price. You will only regret it.

[fikrett]

Like some time ago when the market crashed a little because of the actions of whales who sold a lot so that later they could get a cheaper price and blamed the newcomer, an AI-based application from China. This also caused market panic even though it was not much, but we who like to collect BTC even though the rate is small with DCA moments like that we must also take advantage of it quickly

It was a big event for sure, and it's a great example of how a small innovation can move mountains, basically.
I sure hope to see more things like that to come, even though the panic would ensue, it pushes things forward and calls for action.