Buy the DIP, and HODL!

[bitzizzix]

If you are taking partial profits from your bitcoin investment within a short period of time means that you are a trader and before you know it, you will feast on your bitcoin investment gradually killing the focus of building and growing your bitcoin investment overtime. Anyone investing in bitcoin shouldn't use money for his important needs to invest if not you are gambling and not investing since you will sell immediately your needs arises, and if bitcoin price is below your entry point, you will run at loss. Such people will call bitcoin a scam because they didn't invest in the right way with their discretionary income.

It is important before investing to prepare an emergency fund first, so that when there is an urgent need not to sell bitcoin in the middle of the road, anyone who provides emergency funds will be safe from any needs.

So it is not surprising that someone calls bitcoin a scam because of the wrong way they rely on bitcoin in times of urgency, investing in bitcoin must indeed be done in a mature way so that this does not interfere when the plan has started from far away.

Must manage cash flow income well.
Save for emergency funds.
Determine what percentage for DCA from your income.
The rest can be used for living expenses.
Then the investment will not be disturbed.

And from all that before starting, beginners must create financial management and manage the income they get so that it can cover everything, be it for investment, for emergency funds or savings and also for other needs or interests so that nothing is sacrificed if it is important. And this is very important and must be thought about because if income does not allow to meet all that then they must improve their skills to earn extra money or find a side job to improve their finances so that they can meet everything so that everything runs well and can set aside income every week or month to buy Bitcoin and also for emergency funds.

Because to make a Bitcoin investment does require an emergency fund because we will not know what will happen throughout the investment that we run in the long term, and emergency funds play a very important role in that without having to touch the investment that has been planned from the start whatever the reason so that everything runs well according to what is planned will produce extraordinary profits in the future because Bitcoin promises that if we really do it and are also consistent.

Bitcoin has never deceived anyone and is not a scam, and those who feel deceived by Bitcoin because they do it without research, knowledge and also do not see the quality of themselves and also their own finances that must be adjusted, which is actually they deceive themselves because of carelessness and also greed by assuming that Bitcoin can change or realize their desires in a short time without using their intelligence.

[adultcrypto]

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.

You really need to unlearn to relearn because your introduction of partial profits smells like trading which is not what we are discussing here. Why will you take partial profits when we are discussing how to build bitcoin portfolio over a long period of time? When you take partial profits, do you stop buying and why would you do that when you even confirmed that the DCA method is the best method? I suggest you calm down to learn what we are doing and discussing here so you don't make the mistakes of buying and selling within a short interval and end up making mistakes that will deplete your money.

[red4slash]

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.

I feel like you're getting a little lost in this because after all, the DCA method that is being done is more of an investment rather than trading so for now why would you think about trading if you eventually want to try to do DCA as a buying method because it's clearly two different things.

Also in this case I would like to suggest especially when talking about beginners (although I don't know if you are a beginner or not) but definitely for beginners it is not recommended to trade because obviously it will only destroy yourself, your trust in bitcoin and spend your own money.
So focus on investing because indeed this could be a wiser move to make. Don't just get hung up on the short and big profits offered by some trading influencers or who always show off the results of trades made on social media but try good investment steps so that you at least know that investing in bitcoin is much more worth it than trading.

[sotelorene]

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.

Perhaps you don't actually understand the reason for this thread though it may look like a trade kind of thing but we have come over that some time ago, what we are discussing or what we discuss here is how to buy Bitcoin and hold for a long a period of time because that's the best way you can go about Bitcoin since it has a high level of volatility. However, you should stop or take your mindset from trade because it is very risky and it is going to distract you in time to come if you don't stop and as an investor you don't need to learn everything about Bitcoin before you can be able to invest NO and to you don't even need to guess the future price of Bitcoin because that's traders kind of thing and the reason why I said you should stop is because it is going to take you a lot of time to grasp if at all you will... and this is outside it been risky so why stress yourself when you can just set your discretionary and start investing continuously without knowing everything first.

[Churchillvv]

But, I think it's okay to sell sometimes. Taking partial profits can help if you need money for living expenses.

Of course guys may have pointed some things out to you above but yet I will still have to add a little bit.

Firstly before you investment in bitcoin you must have made some kind of self examination to know how much of your discretionary income could go into bitcoin investment hence it's only advise to invest in bitcoin what you can afford to do without in a long period but when you talk of selling it means you're certainly new and from your profile I will end by saying you have a lot of reading to do here and around the forum to know what you are saying.

They is a reason why they say you should invest what you can afford to do without in a very long term (discretionary income).

Just do some reading.

[MissNonFall9]

After listening to you I can convince myself to invest in Bitcoin again. Although I have little knowledge about Bitcoin and I think this knowledge is not enough yet. I have invested very little in Bitcoin, which has given me a good profit. But now that the price of Bitcoin has increased, I am getting more and more worried about investing or to be honest, I am a little afraid. Because I am a child of a middle-class family and I have to think very carefully about what I have to do.
However I think I want to use some of my money to invest in Bitcoin for at least another year. If I could get some more advice from you on how wise it would be, I would be very benefited from my heart. Because my Bitcoin journey is very difficult and ignores family opinions.

In fact, if an investor wants to get something good from Bitcoin investment, he must invest for the long term (at least 10 years), in that case, if we consider your position right now, you are a child of a middle-class family and you have decided to invest ignoring the opinions of your family, which is very risky.
Because usually every Bitcoin investor should use money for investment that he can hold for a long time uninterruptedly, and to sustain this investment for a long time, he must have a strong source of income.
But right now you have none, no source of income, and the money you want to use is also waiting for the opinions of your family, and you want to invest for only one year, and you will have to face a difficult situation even if you lose the money you want to invest. All in all, I think it is better for you not to invest right now. Because we can never expect anything good from short-term investments, short-term investments are always risky, so everyone should plan for long-term investments.
So Right now you need to get a job or create a source of income, and then invest that money which you can afford to lose, and decide to hold for the long term (at least 10 years) rather than the short term. Start with small investments first, from which you can gain experience. And lastly, it is better not to do anything without ignoring the opinion of your family, you should Explain Bitcoin to your family and get their permission to invest and you should also be knowledgeable about Bitcoin.

In fact, as people of the previous era my parents cannot rely on invisible assets. Rather their preferred area is any physical visible assets. But I have tried to convince them with the strength of my knowledge and I am in some experimental investment. However I have made some changes to the investment plan. I find the DCA method very effective and suitable for me. So from now on I will continue to invest following the DCA method. I am very grateful for your opinion.

In choosing DCA as a Bitcoin deposit strategy, you have made a breakthrough decision which is much more effective and appropriate for an investor in modern times. Wealth is an important tool for human survival and if you do not have an abundance of wealth you do not have to be very educated to understand how difficult life is. Just look at the poor people around you and you will understand how difficult life is without money.

With the current price of Bitcoin touching almost $100k and even at this time, if anyone doubts it, they should ask them to compare it with their own country's currency. Since your parents are from the previous era and their Bitcoin, you should be informed about its importance so that there is no confusion among them. However, as an ideal child, you must respect them and continue to deposit Bitcoin through DCA so that your Bitcoin holdings continue to grow along with physical assets.
To continue investing in Bitcoin for the long term, you should have a source of guaranteed income and try to increase your Bitcoin holdings with the growth of physical assets using DCA. If you can complete a 4-year cycle during your efforts, you can inform your parents about the growth and compare it with physical assets so that the importance of Bitcoin becomes clearer to them and they are more motivated to save more than two cycles.

You are right as a child we must have our responsibilities and duties towards our parents which inform us as a good child. In that regard I tried my best to explain the importance of Bitcoin to my parents. And according to your words, I tried and was able to explain the comparative importance of Bitcoin with the money of my country. Because my parents like to save money along with investing in tangible assets. So I said that if you save money, it gets hit by inflation and causes a considerable loss of money. On the other hand, I showed the amount of growth from my small investment. And they liked it a lot and as a result I was allowed to save more. Which motivated me in my investment without any hesitation.

[EarnOnVictor]

It is important before investing to prepare an emergency fund first, so that when there is an urgent need not to sell bitcoin in the middle of the road, anyone who provides emergency funds will be safe from any needs.

Are you telling me the prospective Bitcoin investor should continue to wait???

This is why some people did not invest in Bitcoin till today, it's one excuse or another and it is hurting them more than you can imagine with the progress Bitcoin has made so far. We should shun excuses and a perfect financial budget but "risk." That is why they call it "risk" and I tell you that some people must have even risked their so-called emergency funds in Bitcoin and are very rich today. Is it not their joy?

This emergency fund is exaggerated at times, it is not the money to pay your usual bills but for unforeseen situations, "which may never happen," so why not try to multiply it with Bitcoin in bull season? Needless to say, your funds in Bitcoin are accessible at any time if at all you have a reason to withdraw it or some of it. Why not take the risk instead of keeping it in the bank and letting the bank make money on you while you earn nothing? This can only be dangerous if you don't have access to your BTC. And who knows, you may never have a need for the emergency fund for years, which makes it wise.

[Ruttoshi]

This emergency fund is exaggerated at times, it is not the money to pay your usual bills but for unforeseen situations, "which may never happen," so why not try to multiply it with Bitcoin in bull season? Needless to say, your funds in Bitcoin are accessible at any time if at all you have a reason to withdraw it or some of it. Why not take the risk instead of keeping it in the bank and letting the bank make money on you while you earn nothing? This can only be dangerous if you don't have access to your BTC. And who knows, you may never have a need for the emergency fund for years, which makes it wise.

No investment journey is smooth and for that reason, you should expect the unexpected, because some unforeseen circumstances must definitely play out during your investment journey since you arw investing in a long-term investment. Examples of unforeseen emergencies that can occur during your bitcoin investment is sickness or accident, the lost of your job, a heavy storm blow of your roof and some others. If such emergency happens and you have not set up your emergency funds as you are investing in bitcoin, your bitcoin investment will become your emergency funds and you will sell your bitcoin to take care of such emergency. If bitcoin price is dip below your entry point you will sell at loss.

Keeping your emergency funds in bitcoin is not ideal because bitcoin is a volatile asset, it might be that when a real emergency arises, the price of bitcoin will be at the dip which will also make you be at loss when you are selling your bitcoin that you use to keep your emergency funds. Since emergency can come up at anytime unknown to us, it's good that your emergency funds should be in cash for easy access when it arises. Emergency funds can also be top up when you feel it has reduced, and this is why you use have an emergency funds of at least three months of your monthly income as the guage.

You need cash availability when investing in bitcoin but not the cash that you are suppose to use to put into your bitcoin investment. We cannot do without spending cash daily but we can do without touching our bitcoin if you have a good financial management on your bitcoin investment and your financial needs.

[Gentle_Soul]

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.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

[Sim_card]

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.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

This is not a trading discussion but a thread on various strategies of bitcoin accumulation in a long-term and don't bring your trading mentality to this thread. If you want to discuss about trading, you can use this thread. https://bitcointalk.org/index.php?board=8.0

The ball is in your court, if you want to wait in the ball park wasting your time trading(gambling) and throwing away your resources, instead of managing your time, energy and resources wisely by investing into bitcoin and hodli for long term. The future will tell who is the smartest between an investor and a trader when bitcoin price will be very expensive.

[arwin100]

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.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

The desperation word itself is already a negative attitude posses by person especially if they want to deal with such risky activities since provably that it will just lead to losses rather than hitting their short term big gains target. They better ignore the idea of trading Bitcoin since people will just waste their time speculating and engage on stressful situation on the market.

Before I'm into trading and always waiting for best possible dips to enter on a good position on my trades. But its not easy as what I though and always encounter to many issues which made me became a bag holder or just a total loser on those coins I trade. Didn't feel anything bad taking long term investment decision on Bitcoin since it save myself from stress and we have less things to think about, since what we pay more attention when dealing with it is to accumulate and target to get more bigger volume in future.

[john_egbert]

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

Agreed with what Sim_card already said.
You can make short-term gains or get into trouble, OR you can hodl, see your investment grow, and prosper in the end by much, much more.
Your pick.

[Mayor of ogba]

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.

I know you might see the buying the dip strategy as the right strategy for you as a newbie because of the name of the thread, but I want you to know that as someone who is new to bitcoin investment, buying the dip is not the right strategy for you to use and start up your bitcoin investment because it will delay you from accumulating a reasonable amount of bitcoin since nobody is certain if a dip will happen today or tomorrow. The DCA strategy always allows new and old investors to consistently accumulate bitcoin whenever their money is readily available, so since you are a newbie or a low coiner, it will be better if you adopt the DCA strategy in accumulating bitcoin so that it will give you the opportunity to consistently accumulate bitcoin whenever your money is readily available, even if the bitcoin price is decreasing or increasing, which gives you the advantage to accumulate more bitcoin than using the buying the dip strategy.

[Sticky Bomb]

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 to maintain living expenses is a testimony of the poor foundation of your accumulation journey, to start purchasing bitcoin, you need a source of income that can take care of your expenses, your expenses is very important, so you should plan for it first and be sure to have a means to maintain it. what is left of your income after taking care of your expenses is regarded as discretionary income, That is where you should take out some part of it and invest into bitcoin consistently.

Even your discretionary income shouldn't be invested totally into bitcoin. You need to build an emergency fund to tackle unforeseen circumstances that can arise in your accumulation journey and you should continue building it alongside your accumulating bitcoin until it is enough to service at least 3 - 6 months or more of your living expenses. having built out your emergency fund, you can choose to pause it and channel the money used in building the emergency fund back into accumulating bitcoin to increase your aggressiveness until maybe there is an emergency and it depletes or you spend from the emergency fund and you need to rebuild / update it.

Also you should build up variances of backup funds to tackle recurring needs that are not emergencies and not part of your constant expenses. With proper cashflow management, you would not necessarily need to touch your holdings just to service your living expenses, unless you have a very fatal financial challenge and run out of options, even then you should have plans to replenish what you took and better continue from where you left off when you bounce back on your feet.

[Solodoski]

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

Agreed with what Sim_card already said.
You can make short-term gains or get into trouble, OR you can hodl, see your investment grow, and prosper in the end by much, much more.
Your pick.

the difference between the two concept is getting clear and it makes more sense why investing is better than trading. when you trade, what you are looking for is just a fast way of getting good output which can lead you into trouble when you don't do it well, hence the reason why we have a loss of traders that have gotten into serious debt by being too engrossed in trading. investing on the other hand even if it does not come with immediate prosperity and gains helps the investor build on his wealth every tik of the clock and continue building till he has gotten enough that he can let stay for a long time. it looks really basic and easy because it does not require you to learn too much or to become too good in some technical analysis before getting good profit.

it is just like the usual way of buying every other asset when the price is low and keeping it for long till you are comfortable enough knowing that the asset has appreciated, it added advantage is even that you can buy in fraction such that you do not have to wait till you have the complete money of buying a whole bitcoin before buying, for a low income earner that can not afford to lose any quantity of bitcoin, it is preferable to buy what you are at least sure you wont loose than hope that through trading the ease of becoming a millionaire overnight can just happen that way.

[Mayor of ogba]

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.

Bitcoin investment is not like any other investment; you need to carry out thorough research to know if the investment is worth putting in your money. When starting a bitcoin investment, you don't need to know everything about bitcoin before you can start investing in bitcoin. Once you know the basics of bitcoin and you have a steady income that will always allow you to consistently accumulate bitcoin and also solve your daily expenses at the same time, you are very much okay to start accumulating bitcoin, and you can continue to learn and increase your knowledge in bitcoin alongside your accumulation journey. Since you are much concerned about trading bitcoin for the short term and also investing in bitcoin for long-term purposes, you are already taking a wrong step towards bitcoin, and it will lead you to no good, and you will regret in the future why you ever made up your mind to trade bitcoin for the short term. So to avoid any future regret and losses, I will advise you not to trade bitcoin for short-term profit and focus only on investing in bitcoin for the long term so that you will always have enough money with you and be in control to solve your daily expenses, which allows you to hold your bitcoin as long as you want to hold it.

[Pi$$]

It is important before investing to prepare an emergency fund first, so that when there is an urgent need not to sell bitcoin in the middle of the road, anyone who provides emergency funds will be safe from any needs.

Are you telling me the prospective Bitcoin investor should continue to wait???

Waiting is not denial EarnONVictor. The journey to investing in Bitcoin isn't smooth sailing. There are things that must be put in place so that you can accumulate your Bitcoin without messing up your investment along the way. No one said you have to wait and end up not investing at all. We are actually saying that there is a smarter and better way of doing it. Investing isn't about rushing in. You need to have a solid plan so you dont end up in stacked up financial challenges while waiting for your Bitcoin to grow, even you might end up tampering your accumulated Bitcoin in the name of settling problems because all the beginning plans was neglected.

This is why some people did not invest in Bitcoin till today, it's one excuse or another and it is hurting them more than you can imagine with the progress Bitcoin has made so far. We should shun excuses and a perfect financial budget but "risk." That is why they call it "risk" and I tell you that some people must have even risked their so-called emergency funds in Bitcoin and are very rich today. Is it not their joy?

Honestly anyone who use emergency funds as an excuse not to invest in Bitcoin anymore wasn't interested in the first place. Emergency fund is not just some exaggerated idea. It is money set for unexpected situations, sure those situations may not happen but what if they do? Would you rather be forced to sell your Bitcoin at a loss just to cover an emergency? When you spoke about the success of people who risked their emergency funds and was rich, lets us be real not everyone who risked their emergency funds have got rich, some lost everything they risked because of improper planing.

At the end of the day, if you dont want to set aside an emergency fund thats your decisions. It is not a force, we all have the right to do what we want to do and how we handle our money differs. The goal is not to live in in fear but to elimnate every possibilty of limitation that could make us regret later. Imagine a scenrio where you need money urgently realizing all your cash is locked in Bitcoin at a low price, nobody wants to be in that situation i know you dont want to either. Having that backup will mean you dont have to say "if i had known". You can invest using a good plan in peace, no matter what situation may arise becuase you have made solid plans to cover them up. So you wont be forced to make desperate decusions.  That is the difference between investing and trading i hope i aired my view on this to your very understanding.

[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.

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

As a newbie in the in the digital space, starting off your involvement on bitcoin with trading is same as starting on the wrong foot, Investing is a way of stacking up stashes of bitcoin for yourself slowly and steadily for a relatively longer time while trading is like buying the coins and gambling with it. you can tell me the one that sound good and less risky to you, is it gambling or stacking?

Of course you should believe in stacking up something until it becomes very tangible and valuable for your consumption and that is synonymous with investing into bitcoin for a long-term, you should really take your mind off trading since you're new and judging from your utterances, you don't know shit about trading.

You do not need much experience or knowledge to invest into bitcoin, you only need an income source and presence of discretionary income, have an accumulation target, the desire to get started and a long-term plan, you'll surely figure out how good investing into bitcoin is as you advance in your accumulation journey, but you need to quit over-considering and get started.

One good thing in investing into bitcoin is that you don't loose your coins for any reason, unless for poor security practices, it remains there as you increase its quantity consistently amid market volatility, but your coins are intact and a long-term investment plan promises to give good profits, at least we can observe profits are obtainable from the history of bitcoin price appreciation. Unlike trading that your funds are at risk of being lost if the markets goes against your prediction and that is where the major risk lies.

[DubemIfedigbo001]

It is important before investing to prepare an emergency fund first, so that when there is an urgent need not to sell bitcoin in the middle of the road, anyone who provides emergency funds will be safe from any needs.

This emergency fund is exaggerated at times, it is not the money to pay your usual bills but for unforeseen situations, "which may never happen," so why not try to multiply it with Bitcoin in bull season? Needless to say, your funds in Bitcoin are accessible at any time if at all you have a reason to withdraw it or some of it. Why not take the risk instead of keeping it in the bank and letting the bank make money on you while you earn nothing? This can only be dangerous if you don't have access to your BTC. And who knows, you may never have a need for the emergency fund for years, which makes it wise.

Even if the emergencies may never happen Yes, it is better to be prepared for so it doesn't take you unawares. precision matters in bitcoin investment.

Are you proclaiming that you invest your emergency fund in bull season to increase it, then sell it back after bull season and replace the funds? That's your trading mindset on display bro and you are craving on short-term gains, soon you would be also selling part of your investments too. Trading of any sort shouldn't be entertained in your accumulation journey so you don't have to make mistakes on the way. You should be very intentional about your consistent,  persistent and aggressive purchases only and not having to involve trading practices of any sort into it for your sanity sake.

Having access to your BTC is aimed at self custody and not occasional trading practices on your accumulation journey, lets call a spade a spade and it is good most part your backup funds, if not all, especially emergency funds remain in Fiat, or at most stable coins for easier liquidation in the purpose of the needs arises. Desist from tampering with your bitcoin portfolio as much as you can in order to have an effective investment routine.

[Gallar]

Trading is not done out of desperation and the longing to make instant money if not followed with the right mindset and approach followed with the basic knowledge it could be disastrous
 There are loses and gains when it comes to trading loses should be a calculated one but how then do you know which is going to be profitable every risk should be calculated squarely

Agreed with what Sim_card already said.
You can make short-term gains or get into trouble, OR you can hodl, see your investment grow, and prosper in the end by much, much more.
Your pick.

Everyone has their own path in the crypto world, some are investors, some are traders. But if we ask which is better between these two paths, in my opinion becoming an investor in the crypto world is the right choice, especially investing in bitcoin. So why should we choose to be an investor rather than a trader in the crypto world? The answer is simple. Because being a trader takes up a lot of time. So if you are an office employee, you will definitely not be focused on becoming a trader. Then becoming a trader also has huge risks, especially if you don't trade in Bitcoin. Because very fast price fluctuations can be a very dangerous threat for a trader. Then becoming a trader too, requires very large capital. Because a trader is looking for profits in a daily or weekly time frame. So, for example, if the capital is small, I don't think it will have satisfactory results (if you make a profit). So basically there are many other things that make us better avoid becoming a trader in the cryptocurrency world. So it's better to just invest in bitcoin, because by investing in bitcoin, we don't need complicated analysis or large amounts of capital. Because by investing in bitcoin, we only need to do DCA with the cold money we have and we continue to do this until our investment goal is achieved. So in essence investing in bitcoin is easier when compared to becoming a trader.