Buy the DIP, and HODL!

[Moreno233]

You are right when I first came to this thread I was actually mislead by the tittle as I thinking it was some kind of trading and buying when it is low and sell when it is high until I begin to understand it was not actually trading and buying when there is dip, with the rank Z_MBFM in this forum  he should have been able to know that this is not a trading thread or where to advice newbies to go into trading and also to buy shitcoins instead of accumulating Bitcoin but think he is new comer to this thread I believe he has learnt something today newbies who has also seen it now will not adhere to his misleading advises.

I think that we will continue to need to remind newbies to the thread, since there are so many people who get the impression of trading as soon as they see "buy the dip," yet at the same time, I think that the thread has a history in which "buy the dip" is the premise, and it even took the OP author (Wind_FURY) several years before he even began to realize that DCA is a  better strategy than buy the dip....and that is o.k. too.. since it seems to me that so many folks get lured into thinking that they need to start investing in bitcoin with "a good entry point," and so they do not even realize that waiting for a good entry point is not as good of strategy as getting the fuck started and start buying as soon as they can figure out if they have discretionary income.

In the end, some newbies are going to learn, and some  will continue with a trading kind of mindset that they have difficulties to shake...and if we are in bitcoin and if we are wanting to continue to talk to newbies, then we likely have to realize that many of them are going to gravitate towards wanting to talk about trading, gambling and even shitcoins, and so some  of them will come around and others will take  time to figure out that trading, gambling and  shitcoins are either inferior ways to treat bitcoin or to think about bitcoin in those kinds of distracted (and lack of focus) ways.

As long as the title of the thread would remain like that then expect that more new people would think about that what people discussing here is all about trading. That's why its somehow good that there are active people would remind them that what's better approach they could do and correct those wrong thoughts running in their minds.

But if the title will be change according to the topic discuss in this thread then maybe there's no misleading or confusing post will come here and people can easily could go here either to learn about Bitcoin investment and other strategy to use and will not talk about shitcoins and trading thoughts. There's ongoing discussion about changing the title but it didn't happen since many people think about its not important since what needs to pay more attention is those good points shared by people about Bitcoin investment here.

JayJuanGee made a very explicit explanation and I love what he said regarding the OP and the caption which is that the OP might not have learnt about the DCA method when creating the post and that is understandable. To me, the first part of the topic sounds like trading but when combined with the other part that is connected by the conjunction "and" it quickly shift from trading to long time investment. The only thing is that it suggest only one aspect of Bitcoin accumulation process which is buying the dip which is actually a very great method but with the introduction of the DCA method and its undoubted advantage, there seems to be more acceptance for it as it aligns with the personality of a lot of us following this thread.

[retreat]

Of course, you can buy and sell crypto (bunch of shitcoins) but not bitcoin. Bitcoin is different and unique for long term investment. I believe that you have almost 100% of your portfolio on shitcoin as a trader that you are. But I bet you, you are doing more harm to yourself and in future you will regret playing around with shitcoin (gambling). Instead of you to use your precious time, energy and resources to pile up wealth for yourself by investing into bitcoin to build and grow your portfolio overtime. Traders end up with little bitcoin in future and regret for trading it all for little daily profit, while investors are the opposite.

People who buy altcoins and sell them in the short term are just wasting their time and resources. They don't understand how what they are doing is just going to inconvenience themselves and potentially cause them to lose money seeing the altcoin market which is so much more volatile and just following the movement of Bitcoin.
They should divert their time and resources to invest in Bitcoin. They can invest in it without being bothered by its volatile price - just need to put it in the long term and adjust it to financial ability, then invest regularly, it's that easy, no need to monitor the market 24 hours a day like what traders do. They can accumulate their wealth and enjoy their growing portfolio.

[cryptoWODL]

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).  

Yes, this thread is not primarily for discussing shit coins or altcoins. In fact, it may have happened to many people that those who are new might be confused by the title of this thread. When I came here in the initial state I thought it might have been indicated only to buy the dip. Because the title of this thread is done accordingly, that is, it is named by the Dip and hodl which means buy at a lower price.

But those who are able to understand some of the posts of this thread will be clear to them that the purchase of Bitcoin is regularly discussed here, which means that the most DCA Bitcoin investment is given priority. Although there may be a few methods to invest in Bitcoin, all the members of this thread may be most interested in adopting DCA strategies in their investment.

[fikrett]

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).   

In fact, those who are new may have been confused by the title of this thread that it may have happened to many. When I came here in the initial state I thought it might have been indicated only to buy the dept. Because the title of this thread is done accordingly, that is, it is named by the Deep which means buy at a lower price. But those who are able to understand some of the posts of this thread will be clear to them that the purchase of Bitcoin is regularly discussed here, which means that the most DCA Bitcoin investment is given priority. Although there may be a few methods to invest in Bitcoin, all the members of this thread may be most interested in adopting DCA strategies in their investment.

Buy the dip, learn more, and reap the rewards.
Knowledge ones and others - they all will be there once the person is determined in his ways to keep pushing forward and consistently invest.

[PremiumcryptoHub]

We have a 78 page forum thread on the topic of Microstrategy, too.. now StrategyBTC

https://bitcointalk.org/index.php?topic=5268108.0

Of course, there is already a separate thread about MicroStrategy, and they have even changed their name to Strategy Bitcoin at the moment. We also noticed that they not only changed their brand, they also released a new website. So everyone will be able to easily learn more about MicroStrategy through their new website.

http://www.strategy.com/

It is always like that, it is ignorant and greed that makes  newbie to fall into the trap of scamcoin or shitcoins. They always come with the mindset that buying and holding shitcoins  it he fastest way of becoming a multi millionaire. And this is caused due to wrong information gotten from internet. Majority of the newbie are always caught up to this trap severaly before they can spot a different between gambling shitcoins and holding Bitcoin.

Yes, mainly due to ignorance and excessive greed, beginners fall into the trap of coins like scamcoins or shit coins. There is a tendency among the ignorant and newcomers that they are much more emotional by the highest growth of shit coins, and then they are forced to think that investing in this coins will become rich soon. So maybe beginners should seek advice from experienced investors so that they can always refrain from making such investments, because experienced investors may be able to properly explain to them the risks of investing in that coin.

[Ricardo11]

Of course, you can buy and sell crypto (bunch of shitcoins) but not bitcoin. Bitcoin is different and unique for long term investment. I believe that you have almost 100% of your portfolio on shitcoin as a trader that you are. But I bet you, you are doing more harm to yourself and in future you will regret playing around with shitcoin (gambling). Instead of you to use your precious time, energy and resources to pile up wealth for yourself by investing into bitcoin to build and grow your portfolio overtime. Traders end up with little bitcoin in future and regret for trading it all for little daily profit, while investors are the opposite.

People who buy altcoins and sell them in the short term are just wasting their time and resources. They don't understand how what they are doing is just going to inconvenience themselves and potentially cause them to lose money seeing the altcoin market which is so much more volatile and just following the movement of Bitcoin.
They should divert their time and resources to invest in Bitcoin. They can invest in it without being bothered by its volatile price - just need to put it in the long term and adjust it to financial ability, then invest regularly, it's that easy, no need to monitor the market 24 hours a day like what traders do. They can accumulate their wealth and enjoy their growing portfolio.

I agree with you, every coin in the crypto market follows the movement of Bitcoin. Moreover, most altcoins cannot survive in the long term, and short-term altcoin investments are also very risky, because altcoins are very volatile in the short term.
So in summary, getting something good from altcoin investments is very risky, and investing in altcoins means putting your money at risk. So if you want to invest in a long-term safe coin, you must invest in Bitcoin. Bitcoin is also volatile in the short term, but in the long term, it is an asset that continues to increase in value over time "despite short-term volatility".
So instead of trading altcoins in the short term, invest in Bitcoin in the long term, And don't see the Bitcoin's short-term market fluctuations, just Continue to invest in Bitcoin consistently in long-term DCA. Invest Bitcoin patiently without going through unnecessary complications, This will able to definitely give you the best results.

[Promocodeudo]

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).  

This is more reason why people should not concentrate on the title of the thread rather they should be more concerned about the content of the thread itself, the problem with some persons is thqt they are always in a haste to make conclusions without undestanding the main thing or the bone of contention, I think it is advisable for people visiting this thread for the first time to read through the lines before contributing anything here I think that should be the best way to get fully involved with the discussion of the day.
In the first place trading shouldn't be part of the content of this thread going by the title of the thread, just as @JayJuanGee has said already we are strictly sharing ideas and giving possible advise that can help newbies and existing investors to invest with good investment strategy thats less stressful and efficient with consistency to hodl for a long-term.

[Tmoonz]

Of course, you can buy and sell crypto (bunch of shitcoins) but not bitcoin. Bitcoin is different and unique for long term investment. I believe that you have almost 100% of your portfolio on shitcoin as a trader that you are. But I bet you, you are doing more harm to yourself and in future you will regret playing around with shitcoin (gambling). Instead of you to use your precious time, energy and resources to pile up wealth for yourself by investing into bitcoin to build and grow your portfolio overtime. Traders end up with little bitcoin in future and regret for trading it all for little daily profit, while investors are the opposite.

People who buy altcoins and sell them in the short term are just wasting their time and resources. They don't understand how what they are doing is just going to inconvenience themselves and potentially cause them to lose money seeing the altcoin market which is so much more volatile and just following the movement of Bitcoin.
They should divert their time and resources to invest in Bitcoin. They can invest in it without being bothered by its volatile price - just need to put it in the long term and adjust it to financial ability, then invest regularly, it's that easy, no need to monitor the market 24 hours a day like what traders do. They can accumulate their wealth and enjoy their growing portfolio.

I agree with you, every coin in the crypto market follows the movement of Bitcoin. Moreover, most altcoins cannot survive in the long term, and short-term altcoin investments are also very risky, because altcoins are very volatile in the short term.
So in summary, getting something good from altcoin investments is very risky, and investing in altcoins means putting your money at risk. So if you want to invest in a long-term safe coin, you must invest in Bitcoin. Bitcoin is also volatile in the short term, but in the long term, it is an asset that continues to increase in value over time "despite short-term volatility".
So instead of trading altcoins in the short term, invest in Bitcoin in the long term, And don't see the Bitcoin's short-term market fluctuations, just Continue to invest in Bitcoin consistently in long-term DCA. Invest Bitcoin patiently without going through unnecessary complications, This will able to definitely give you the best results.

That statement is most likely insinuating that some altcoins are better than the others, that is you are kind of given credit to some altcoins not being shitty like the others perhaps, have you also consider the challenges of attempting to figure that out? Bitcoin is the only one coin I know that stands or represents long term potentials which no other coins can not or have something to be talk about in this regards.

[DubemIfedigbo001]

Investing is a matter of patience, and patience is a tree that takes a lot of pruning but the fruit is sweet. If someone makes a long-term investment, then he has to go through a lot of bad situations.

Not necessarily a bad situation, but investing for a long-term, especially into bitcoin for example might come with its challenges on accurate cashflow management to build backup funds, consistency in your accumulation periods and even disciplining yourself not to leverage on your investment when you're having a possibly hard time. Truth be told you can not immediately reach the maturity of being committed to your accumulation, it might take several months, or even a year or more for you to master the art of dedication and consistency in your accumulation journey and I would prefer the term Challenging and not Bad Situation

And to invest for a long time, they have to be so perfect in the field of investment, no matter how big the danger may be in the future, they will not back down from the investment. The basic principle of investment is that you should never tell anyone about your investment. And try to invest from a position where your investment will last for a long time. And if you want to earn
then you must invest in Bitcoin

You don't have to be perfect in the field  of investment to invest into bitcoin or continue investing into it for a long term, In fact you just need little knowledge to start and can continue learning about patterns of engagement and best practices as you advance into your accumulation journey. The more you engage, the more clearer it becomes and the more experienced you get. Being practical is the best way to learn. Everybody makes mistakes in their investments, both a newbie and an experienced investor, but you would not let mistakes limit you, rather you be sure to learn from it and adjust your patterns to make-up for the mistakes and continue your accumulation journey with your accumulation target as your main focus. If you wait to be very experienced in bitcoin before starting your accumulation journey, you might even end up not investing because you can never be experienced by just learning series of theories without practical involvements, also before you know it, you've wasted a lot of time you should've utilized to accumulate a good quantity of bitcoin at a better price.

[Arcticc]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

[Sticky Bomb]

Hahaha.... Perhaps we would say I'm really spoiled but seems I'm even more hard working than one might think. Of course it seems I'm a bit spoiled because I still depends on parents which makes me stands more chance to accumulate more bitcoin as you have said almost all my money might be considered discretionary income yet I'm only on the advantage to grasp more bitcoin than folks my age as guys my age would rather want to live a more lavish lifestyle but I chose a different pattern which is to use my discretionary income as you called it to buy more bitcoin oin and hold.

It is important that you invest in yourself too and not just only accumulate bitcoin, after school is a different experience and to keep your accumulation process going for a longer time, you need a good source of income. Learning a skill wouldn't be a bad one. Being a student is a safe heaven to prepare yourself for life ahead, most parents rarely support their children for long when they are done with school, so start from now to create a balance between investing to expand your portfolio and investing into yourself, so you can have a good source of income after school and create more avenue to earn more and perhaps increase your aggressiveness in your bitcoin investment with the availability of a bigger discretionary income.

As a low income earner investing will not be very easy for you compare to investors who are high income earner but sometimes even some investors who don't earn much and always set out their discretionary tends to do more better than some high income earner so most time it is not about high or low income rather it how you set your discretionary. So, it will be nice if you set out your discretionary well or properly in such a way that it won't affect you ( your expenses) and if you carry out this well in the future or within the short interval of time you will see your level of progress and what motivates investors sometimes is the level of progress they have in their portfolio.

The greatest challenge encountered in accumulation journey is lack of consistency. The consistent person always wins no matter how slow he is. If a lower income earner is more dedicated and committed to his accumulation journey, he is more bound to be successful than an unserious high income earner. The high income earner may take a long break in his accumulation leaving his portfolio stagnant, while the other person consistently buys bitcoin with smaller amounts until his bitcoin portfolio becomes a lot bigger than the higher income earner's portfolio. Also if the low-income earner is better at managing his cashflow, he also has an advantage therein.

Finally nobody remains at the bottom forever, the low income earner might be opportune to earn higher as time goes on and the consistency he has developed in his early days becomes a good tool to follow up his investment more aggressively and achieve a better result in his accumulation journey.

[Emjay24]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

[MainIbem]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You're making a good point but I think I'll need clarity on what you mean by learn first then think about trade, do you mean people should learn about Bitcoin then they should think of considering trading or that they should learn then think of buying, i really don't understand what you mean but trading is a choice and buying and holding Bitcoin is one of the best choice anyone could take when it comes to Cryptocurrency investment, I'll never advice anyone concerning trading due to the high risk it has but if they feel they're comfortable losing money then it's on them I'll only give the best advice I can and allow them make their own choices. However someone who invest in Bitcoin just to spend all their money once is not a very serious investor, the best approach concerning that is taking some portions when it's and continues investing since Bitcoin has the tendency to go higher in future.

[SuperBitMan]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

Yeah you are right as a newbie into Bitcoin thinking about trading or going into it may cause you a lot such as,
Restlessness: because of the high risk in trading your mind won't be at rest and such a thing may cause you restlessnes which may lead to other health issues.
Lost of interest in Bitcoin: a lot of people who would have made it big in Bitcoin investment by now choose to go into trading and because of the lost they had they lost interest in Bitcoin.
As a newbie what you need is accumulating and holding for long term because is more safe and reliable, if as a newbie you decide to go into trading bear in mind you will lose money and all this money you will lose when put together will help you go a long way in your accumulation journey.

Now we need to understand that this thread is for Bitcoin accumulation and holding and not for trading discussions if you are new here and you want to discuss trading go to this board Trading Discussion don't use your trading discussions to confuse and deceive newbie who wants to adopt accumulating and holding.

[Arcticc]

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

I don't know how much you read the post you quoted before posting this. It's true that JJG spends a lot of time on this topic and posts a lot of helpful stuff, but everyone needs to have the desire, interest and patience to understand what he's trying to convey.

Crypto can change the lives of many. I can tell you from my own example that I have been with Bitcoin and the entire crypto world for almost 7 years. Although I came to this forum later, I have gained a lot from crypto, money, knowledge, and respect. Because with the money I have earned from crypto, my daily expenses run very well and I can use expensive things, due to which people in society respect me. And all this has been possible through buying and selling crypto at the right time. You always have to make your own efforts to research the market. Some people can give you some advice for a while, but you have to fight your life's battle yourself. And to get something good, you have to create different strategies. We all know that if you buy a coin at Dip and sell it at a higher price, you can profit from it. But how many people know which price is best Dip price

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).   

Bitcoin is an investment and not a trade, and it is not a shitcoin, either so we need not talk about shitcoins when we are talking about bitcoin.  Anyone in  their earliest years of accumulating bitcoin should be focusing on just buying bitcoin through DCA, lump sum and buying on dips... those are the three ways to accumulate bitcoin.  Trading (or selling) is not a good way to accumulate bitcoin, since if you sell you have less bitcoin and then you take the risk of having even less bitcoin if the BTC price does not end up going down.  So buying BTC on an ongoing, persistent, consistent, regular and perhaps even regular basis is the best way to assure that you are continuing to grow your bitcoin stash while you are still in your accumulation journey.  Once you get to a status of overaccumuation then at that point you might consider selling, but that could take 4-10 years or longer depending on how much a person is able to invest in bitcoin and/or if a person is able to front load his bitcoin investment.

I agree, using DCA and holding Bitcoin for long time is the best way but everyone need to know the difference between shitcoins and Bitcoin. Most shitcoins go to zero.
But, I think it's okay to sell sometimes. Taking partial profits can help if you need money for living expenses.

[Barikui1]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

Yeah you are right as a newbie into Bitcoin thinking about trading or going into it may cause you a lot such as,
Restlessness: because of the high risk in trading your mind won't be at rest and such a thing may cause you restlessnes which may lead to other health issues.
Lost of interest in Bitcoin: a lot of people who would have made it big in Bitcoin investment by now choose to go into trading and because of the lost they had they lost interest in Bitcoin.
As a newbie what you need is accumulating and holding for long term because is more safe and reliable, if as a newbie you decide to go into trading bear in mind you will lose money and all this money you will lose when put together will help you go a long way in your accumulation journey.

Most times one of the driven factor behind newbies going into trading is because of the mindset of getting rich quick, without knowing that trading as a newbie without no knowledge about it is the fastest way to get wreck financially, and sometimes they take that mindset with them into investing, mindset of wanting to get rich quick, which compel them to invest in alt and shit coin due to greedy for 10x to 100x, while most times it's because of how they were misinformed about it entirely.

But any newbie that got the right knowledge will definitely knows that the best and the safest way to make money in this crypto space is by investing in Bitcoin, by accumulating it till you have a very good stash of it and hold for a very long period of time, with that it's very easy to be successful in it, as long as you have a source of income and an emergency funds in place, so that you wouldn't have to temper with your Bitcoin investment when their is serious financial needs.

[Stormisover]

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

I don't know how much you read the post you quoted before posting this. It's true that JJG spends a lot of time on this topic and posts a lot of helpful stuff, but everyone needs to have the desire, interest and patience to understand what he's trying to convey.

Crypto can change the lives of many. I can tell you from my own example that I have been with Bitcoin and the entire crypto world for almost 7 years. Although I came to this forum later, I have gained a lot from crypto, money, knowledge, and respect. Because with the money I have earned from crypto, my daily expenses run very well and I can use expensive things, due to which people in society respect me. And all this has been possible through buying and selling crypto at the right time. You always have to make your own efforts to research the market. Some people can give you some advice for a while, but you have to fight your life's battle yourself. And to get something good, you have to create different strategies. We all know that if you buy a coin at Dip and sell it at a higher price, you can profit from it. But how many people know which price is best Dip price

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).  

Bitcoin is an investment and not a trade, and it is not a shitcoin, either so we need not talk about shitcoins when we are talking about bitcoin.  Anyone in  their earliest years of accumulating bitcoin should be focusing on just buying bitcoin through DCA, lump sum and buying on dips... those are the three ways to accumulate bitcoin.  Trading (or selling) is not a good way to accumulate bitcoin, since if you sell you have less bitcoin and then you take the risk of having even less bitcoin if the BTC price does not end up going down.  So buying BTC on an ongoing, persistent, consistent, regular and perhaps even regular basis is the best way to assure that you are continuing to grow your bitcoin stash while you are still in your accumulation journey.  Once you get to a status of overaccumuation then at that point you might consider selling, but that could take 4-10 years or longer depending on how much a person is able to invest in bitcoin and/or if a person is able to front load his bitcoin investment.

I agree, using DCA and holding Bitcoin for long time is the best way but everyone need to know the difference between shitcoins and Bitcoin. Most shitcoins go to zero.
But, I think it's okay to sell sometimes. Taking partial profits can help if you need money for living expenses.

Taking partial profits might not be good for someone that is still very early in the accumulation journey, you can't be talking about taking profits when you are meant to be adding to the one you have unless maybe you have accumulated good size and hold for long term enough before considering having a partial profits to enjoy yourself too, but it can be wrong for anyone that is new in the accumulation process to be thinking in that direction because it will delay your investment, rather it will be better to be looking out for means of increasing your source of income to enable you take care of your living expenses comfortable and invest only from left over cash.

[Btcdeybodi]

If not for Jay and some other active members here this thread would have been long Dead because the op is sometimes not serious. He has even made several attempt to change the name of the thread. So the glory you give to him is not really for him. It's just like bringing up and idea but not working towards achieving that goal. A person who achieve the goal could be recognized more than the idea initiator.

Being an OP or creating a thread do not mean that you have to be very committed in that thread always and besides, this is a topic that requires vast knowledge of which even if the OP is knowledgeable enough but it doesn't mean he must be always active on the thread, perhaps he also comes and make contribution when necessary which i have seen on several occasions so saying that the OP is not serious will not be the right word to use. We know that @JayJuanGee have been the major contributor of this topic for quite some number of years now and the knowledge he has impacted to most of us here about bitcoin investment is helpful so while you're praising the one who has made this thread active, do not make it look like you are demeaning others or making it look like they had an obligation they absconded.

[Zackz5000]

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You're making a good point but I think I'll need clarity on what you mean by learn first then think about trade, do you mean people should learn about Bitcoin then they should think of considering trading or that they should learn then think of buying, i really don't understand what you mean but trading is a choice and buying and holding Bitcoin is one of the best choice anyone could take when it comes to Cryptocurrency investment, I'll never advice anyone concerning trading due to the high risk it has but if they feel they're comfortable losing money then it's on them I'll only give the best advice I can and allow them make their own choices. However someone who invest in Bitcoin just to spend all their money once is not a very serious investor, the best approach concerning that is taking some portions when it's and continues investing since Bitcoin has the tendency to go higher in future.

You should use bitcoin investment instead of using cryptocurrency investment how doesn't it sounds to you by saying cryptocurrency investment it doesn't really make any sense here this is not a place to be talking about cryptocurrency to avoid misleading other newbies here.

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

I don't know how much you read the post you quoted before posting this. It's true that JJG spends a lot of time on this topic and posts a lot of helpful stuff, but everyone needs to have the desire, interest and patience to understand what he's trying to convey.

Crypto can change the lives of many. I can tell you from my own example that I have been with Bitcoin and the entire crypto world for almost 7 years. Although I came to this forum later, I have gained a lot from crypto, money, knowledge, and respect. Because with the money I have earned from crypto, my daily expenses run very well and I can use expensive things, due to which people in society respect me. And all this has been possible through buying and selling crypto at the right time. You always have to make your own efforts to research the market. Some people can give you some advice for a while, but you have to fight your life's battle yourself. And to get something good, you have to create different strategies. We all know that if you buy a coin at Dip and sell it at a higher price, you can profit from it. But how many people know which price is best Dip price

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).  

Bitcoin is an investment and not a trade, and it is not a shitcoin, either so we need not talk about shitcoins when we are talking about bitcoin.  Anyone in  their earliest years of accumulating bitcoin should be focusing on just buying bitcoin through DCA, lump sum and buying on dips... those are the three ways to accumulate bitcoin.  Trading (or selling) is not a good way to accumulate bitcoin, since if you sell you have less bitcoin and then you take the risk of having even less bitcoin if the BTC price does not end up going down.  So buying BTC on an ongoing, persistent, consistent, regular and perhaps even regular basis is the best way to assure that you are continuing to grow your bitcoin stash while you are still in your accumulation journey.  Once you get to a status of overaccumuation then at that point you might consider selling, but that could take 4-10 years or longer depending on how much a person is able to invest in bitcoin and/or if a person is able to front load his bitcoin investment.

I agree, using DCA and holding Bitcoin for long time is the best way but everyone need to know the difference between shitcoins and Bitcoin. Most shitcoins go to zero.
But, I think it's okay to sell sometimes. Taking partial profits can help if you need money for living expenses.

This is why it is not good to use money you will be needing at a moment or short time to invest in bitcoin to avoid selling out in a short while because you need to settle living expenses you are expected to use your discretionary income when buying Bitcoin this discretionary income is your leftover fund after which you might have settled your personal needs or pressing need which also includes the living expenses you mentioned so that you won't sell your bitcoin halfway to settle your living expenses and also make a plan for your emergency fund also, we are expected to buy more bitcoin and hodl for long periods of time 4-10 or more.

[Proty]

I like the contribution that you people are making here especially the contribution of Sir JJG in regard to young people. However, young people especially those they don't have good career are face with so many challenges that requires smartness, determination and resources to train themselves and acquire skills and knowledge that will enable them to be able to get some income. But one of the problem some young people are having is that they undermine the power of little begining, they want to make it big before thinking investment without knowing that they can start making discret investment in Bitcoin by DCA with the little resources they have and by so doing with good planning, patience and consistency they will possibly have good starch of Bitcoin in the future that will give them good income.

I don't know how much you read the post you quoted before posting this. It's true that JJG spends a lot of time on this topic and posts a lot of helpful stuff, but everyone needs to have the desire, interest and patience to understand what he's trying to convey.

Crypto can change the lives of many. I can tell you from my own example that I have been with Bitcoin and the entire crypto world for almost 7 years. Although I came to this forum later, I have gained a lot from crypto, money, knowledge, and respect. Because with the money I have earned from crypto, my daily expenses run very well and I can use expensive things, due to which people in society respect me. And all this has been possible through buying and selling crypto at the right time. You always have to make your own efforts to research the market. Some people can give you some advice for a while, but you have to fight your life's battle yourself. And to get something good, you have to create different strategies. We all know that if you buy a coin at Dip and sell it at a higher price, you can profit from it. But how many people know which price is best Dip price

We are not talking about crypto (shitcoins) in this thread, and we are also not talking about trading in this thread.  Some guys get mislead by the title of the thread to think that we are talking about trading, when really we are talking about investing.. which is different from trading (gambling).  

Bitcoin is an investment and not a trade, and it is not a shitcoin, either so we need not talk about shitcoins when we are talking about bitcoin.  Anyone in  their earliest years of accumulating bitcoin should be focusing on just buying bitcoin through DCA, lump sum and buying on dips... those are the three ways to accumulate bitcoin.  Trading (or selling) is not a good way to accumulate bitcoin, since if you sell you have less bitcoin and then you take the risk of having even less bitcoin if the BTC price does not end up going down.  So buying BTC on an ongoing, persistent, consistent, regular and perhaps even regular basis is the best way to assure that you are continuing to grow your bitcoin stash while you are still in your accumulation journey.  Once you get to a status of overaccumuation then at that point you might consider selling, but that could take 4-10 years or longer depending on how much a person is able to invest in bitcoin and/or if a person is able to front load his bitcoin investment.

I agree, using DCA and holding Bitcoin for long time is the best way but everyone need to know the difference between shitcoins and Bitcoin. Most shitcoins go to zero.
But, I think it's okay to sell sometimes. Taking partial profits can help if you need money for living expenses.

As newbie who is still starting accumulating bitcoin your major focus should be on continuous accumulation of bitcoin using any of the strategies or you can even combine the strategies while accumulating  and hold for 4-10yrs or more and it is advisable you invest from your discretionary income that money you will not be needing for a long time. So you are not to invest your house rent, feeding money and money for your daily expenses in bitcoin because this will make you to dip hand into your investment when the time is not due. So optioning for sell in order to take partial profits as you said is purely trading and not investing