Buy the DIP, and HODL!

[JayJuanGee]

I think we are being tested again by the market with this correction. Some people will see this as a time to fear and panic while some will see it as a period to consolidate on their Bitcoin accumulation by allocating more money into their purchase to make good use of the discounted prices. It is truly a happy time for those who the $100k-ish price took by surprise because now they know that the price can go to such high and stabilize, every correction should be as an opportunity for aggressive buying. This is what I will be doing for as long as the market remain within $90k-ish, I will increase my income allocation from where it is not to somewhere around 40% of my income to help me sit well in my holdings before the market begins to recover. I seriously recommend others think in this direction because this is another great opportunity for all of us to get cheap Sats.

Don't use more than your discretionary income to buy bitcoin aggressively because the price is cheaper, otherwise, you will regret your actions. When your needs come, you will sell the Bitcoin that you bought and who knows if the price will be lower than this. Buying at the dip is for people who are prepared for it. This is why we are using DCA to buy every week, and as long as you are persistent and consistent with accumulating more bitcoin overtime, you will definitely buy at the dip.

This is no longer a new information to all the Bitcoin investors out there but I see no need for anyone to panic right now after buying because in no time the price will rise and some people who are waiting to see the price go down to 50k will regret why they didn't buy. Current price is 87k, if you are a good holder it's another opportunity and for those in DCA you have nothing to worry cause everything is going very well. Remember not your keys not your coins and do well to put invest with an amount that won't affect other special needs. If you are planning to spend money on expensive dress and cars don't you think you should invest in Bitcoin with the money and expect to have your car money and more in the next 5- 10 years, this should sound as a motivation to you to make good use of the current price to buy and HODL.

Good question.  
In 5-10 years or longer, is there much difference between buying at $87k and buying at $109k?  Yeah, sure, if I had $10k and I was able to invest all of it at once, then at $87k I would get 0.11494253 BTC, and at $109k, I would get 0.09174312 BTC, which is 0.02319941 BTC more if I bought at the lower price.  

Yet since we don't know if the BTC price is going to go up or down, we just kept buying throughout, and we likely would end up getting some quantity of BTC that is between the upper and the lower numbers, and surely would have better odds of sleeping without stress.

Yeah sure! It's true that 5-10 years of pain (which is just an illusion) can provide us luxury for the rest of the life.

I am not even considering the path forward to be any kind of easy path or providing any level of guarantee that the BTC investment will end up being profitable after 5-10 years or longer, and surely I used an example of someone who had a lump sum of $10k to provide a bit of an extreme example, yet so many guys are likely investing only in the realm of $100 per week, so one of my questions become why would it matter if he is buying at $87k, $109k or some price point in between, since newbies in their earliest stages of BTC accumulation probably need to just stay focused on ongoing, persistent, consistent and perhaps even aggressive bitcoin accumulation within their own financial parameters.

There are even some guys who are only able in buy $10 per week or perhaps even less than that, and so they are likely going to end up in a better place from their persistent buying of BTC, yet even a guy investing $10 per week would have ONLY had bought $5,200 worth of bitcoin over 10 years.

So surely there can be additional value when guys are able to inject more value, and even with you, Churchillvv.. . you say that you are still living with your parents, and surely I don't know how much of a pampered life you live, but there can be a lot of challenges for guys seeking their profession and ways to earn money, since I really doubt that you are likely going to be able to go straight from living with your parents and then into financial independence based on all the BTC that you were able to buy, and therefore you do not need to get any job.  And, some folks like to get work anyhow in order to be able to figure out some ways that they can add meaning to their lives.. .but yeah, frequently, if we might have already built up more wealth then we will have more options, but there still may need to be some time of continuing to earn money to be able to continue to buy bitcoin in order to get to a place in which your BTC stack size is of a high enough value that it is either able to support you or getting close to being able to support you and your wanted standard of living.  And, yeah there is wealth in being able to choose whether or not to work and to be able to choose what kind of work that  you would like to do.

Even though it's not 100% guaranteed that one will be in profit but perhaps bitcoin has proven in the past years that it appreciates over the years so sure one may find it difficult to buy in these 5 to 10 years but what it stands to give is far better than the comfort of the luxury one will have today.

You are correct that even if you do not become independently wealthy from your bitcoin in 10 years, you are likely still going to be better off by having had invested into bitcoin rather than not. For sure, you havre to make sure that the more coins that you accumulate, then the more sure that they are protected and you are not gong to lose them.  It would be quite sad if you spent 10 years or more accumulating bitcoin and then  you end up losing them based on some of your own fault or your sloppiness.

It tends to be quite difficult to time dips or even to know when they are over.

Yeah that's why buying gradually (DCA) is most encouraged not for anything but the convenience and freedom to attend to once daily expenses.

Timing only ends up making guys miss opportunities because what you think is the bottom might not be the bottom so it's difficult to time but it's better to buy now or buy regularly.

And, maybe even  you are coming to realize that the more BTC that you accumulate, the less difference any of the extra BTC that you accumulate makes to your BTC stash size, so  once you start to get to 3, 4, 5 or more years accumulating bitcoin, you sometimes might get a false sense that you are not really adding a lot to your BTC stash, especially if the size of your BTC stash had gone up both because of your having had put the value into it and also because its price had gone up.  Some of these guys might stop or slow  down in their BTC stacking, even though maybe their BTC stack might ONLY be the size of 1 or 2 years of their expenses, yet there still be a lot of value to continue to stack bitcoin aggressively,  and also since I personally consider that we should not be getting too caught up with spot price, there tends to be a lot of comfort when our we are perceiving that our BTC stack size is growing and also our costs per BTC is less than the 200-WMA... But we still need to get to a decently good BTC stack size that might be at least a couple of years of our expenses and still meet those other conditions of having average costst hat are quite a bit below the 200-WMA.  It can take a while to get to that kind of a comfort point with our BTC stash.

Another thing is that we may well even end up losing track of our costs per BTC, and the main things that we start to measure is whether the BTC quantity and the 200-WMA value rises to a high enough level that we are able to sustainably live off of that, and I personally believe that the threshold level is to have 10 years of your living expenses valued at the 200-WMA value, and so right now if you want your standard of living to be $80k per year, then you would need to have $800k valued at the 200-WMA, and from my perspective, that would be the entry-level threshold for that standard of living.. which currently, as I type this post is 18.02 BTC.

I think we are being tested again by the market with this correction. Some people will see this as a time to fear and panic while some will see it as a period to consolidate on their Bitcoin accumulation by allocating more money into their purchase to make good use of the discounted prices. It is truly a happy time for those who the $100k-ish price took by surprise because now they know that the price can go to such high and stabilize, every correction should be as an opportunity for aggressive buying. This is what I will be doing for as long as the market remain within $90k-ish, I will increase my income allocation from where it is not to somewhere around 40% of my income to help me sit well in my holdings before the market begins to recover. I seriously recommend others think in this direction because this is another great opportunity for all of us to get cheap Sats.

In as much as you would want to seize the opportunity in the market right now due to the market correction, it's best not to overdo it, or become too excited that you will go above your means. You need to make sure that your investment doesn't affect your daily or basic needs. Increasing your investment allocation to 40% because of the correction might not be a good decision, as it may disrupt some other aspects of your family needs. Another thing is every investors have their own level of aggressiveness and how they have planned to balance things up. If you are comfortable in increasing your investment allocation because of the market correction, it's best you do it alone, and not compelling other investors to do same way as you are doing.

You're absolutely right about what you said because most Bitcoiners have made this exact mistake in the past through their exaggeration about the market dump trend and some over-accumulation, which they later sold at a lost price due to an emergency fund need.
Every dip in the market presents the chance for new accumulation, but we need to do it in the right way. This reminds me of a lady who called on a live Bitcoin program about how she and her husband took a loan to fuel their BTC investment, which was a bad decision. Despite the huge potential of Bitcoin, we shouldn't go beyond our limit.

You make a good point that if people live within their means, and they are merely buying bitcoin  from their extra income, then if an emergency comes or some irregularities in their income and/or their  expenses, then they already have various back up funds in place in order to deal with those irregularities, even if the irregularities might last for several months.

I have nothing against taking out debt in order to improve cashflow, yet there are service charges of the debt and terms of the debt, and people should not be expecting that their investment into bitcoin or any other investment would pay off their debt, so they have to have other ways of paying the debt whether their bitcoin investment goes up, down or sideways.  If they do not have solid enough finances to be able to service the debt no matter the BTC price, then their finances are not in a strong enough position to take out the debt. 

In other words, in order to benefit from loans and debt, your finances should be in such a situation that you do not need the loan.. Sounds a bit ironic, but those who use debt wisely are tending to play the  debt system in a way that they don't need the money, but they still are able to advantage from the debt because they find ways to use the debt in way that they tend to get more returns than the cost of servicing the debt, yet even if their investment or their gamble does not end up paying off, they have other ways to service the debt... so that the debt never becomes oppressive to them, as frequently poor people take on debt that they cannot afford to service and end up gambling with their debt, which does not always work out very well for them.

[Mayor of ogba]

I think we are being tested again by the market with this correction. Some people will see this as a time to fear and panic while some will see it as a period to consolidate on their Bitcoin accumulation by allocating more money into their purchase to make good use of the discounted prices. It is truly a happy time for those who the $100k-ish price took by surprise because now they know that the price can go to such high and stabilize, every correction should be as an opportunity for aggressive buying. This is what I will be doing for as long as the market remain within $90k-ish, I will increase my income allocation from where it is not to somewhere around 40% of my income to help me sit well in my holdings before the market begins to recover. I seriously recommend others think in this direction because this is another great opportunity for all of us to get cheap Sats.

Don't you think that increasing your accumulation to 40% just because of the dip that happens is a bit risky to do? Using 40% of your income to start accumulating bitcoin now will only put you in difficult situations, and you will be struggling to solve your daily expenses because you have allocated a lot of money to accumulating bitcoin, which will put you in the situation of solving your daily expenses according to their relative importance so that you will not run out of money. You should accumulate bitcoin in such a way that you will always solve all your daily expenses without selecting the ones that are important to you to solve at the moment so that you can comfortably live your life. There are a lot of investors who have a shitty source of income, and if they follow your advice to increase their bitcoin accumulation to 40% as you suggested, they will end up selling their bitcoin to survive, so your advice is not necessary at the moment.

[MissNonFall9]

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

I don't think emergency funds are that necessary when someone has stable sources of income. For example, when someone is a wage earner or salary earner, their income can simply serve as emergency funds if they plan well.The reason why I feel someone needs emergency funds is when they don't have stable sources of income. These are the people who need emergency funds in case anything comes up in the future. This way, they won’t need to dip into their investment funds.However, as long as someone has stable sources of income, those incomes can serve as emergency funds. The only thing is that if someone wants to enjoy Bitcoin investment, they should use the DCA (Dollar Cost Averaging) method and avoid buying all at once.

You are wrong mate, you cannot use your income as an emergency funds because it's stable. When you are investing in bitcoin, you need an emergency funds separately from your income to take care of an unforeseen emergency that will arise so that you don't sell your bitcoin and take care of that emergency.

In your monthly income, you have your monthly expenses from their to take care of your basic needs, and the left over is what should be put into bitcoin for investing, so how will you say that you can use your income to serve as emergency funds. Let me highlight you on what we call real emergency that such funds is used for. If you lost your job, how will you survive without preying into your bitcoin investment.

Another emergency is if your roof is pulled of by storm and you haven't been paid, where will you look up to on how to fix your roof. Improper planning leqds to early selling of your bitcoin portfolio. An emergency funds is very compulsory for all bitcoin long-term invetors for them to be successful in the long run.

However, an investor with a large discretionary income, that's someone who have various source of income or investment, might not really have his emergency funds, because he can use one of his business to serve as an emergency funds incase an real emergency happens. This is because he has various places to tap funds from to solve any real emergency. Such person will be at a better position to invest more aggressively.

This is why if you don't have an emergency funds but have your discretionary income to get started, you share it into two parts and invest one part on bitcoin, the other part to build your emergency funds. As you are DCAing every week, same way your emergency funds is growing.

We almost always make a mistake (not everyone, many) and that is, when we make a long-term plan, we do not create a support fund at the same time. How does this happen? Let me explain a little more, a long-term plan is a plan that is implemented over a long period of time. And a long-term plan gives us a little more profit. If there is no support fund, that is, if that fund is not used during a disaster during this long period, then it is natural that the planned long-term plan will be damaged, so before making any long-term plan, we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

[Tmoonz]

A person who does not keep an emergency fund with Bitcoin investment may have missed out on an investment strategy. Every investor needs to know investment strategies, whenever you face any danger, you can deal with that danger with your emergency fund.
It is possible to sustain his investment in the long term based on Bitcoin investment plans and strategies, because the more the Bitcoin investment follows the DCA method, the more his investment will be able to accumulate more sales in the long term and in the long term. Therefore, the most important thing should be given to Bitcoin investment strategies, because these steps are definitely needed to sustain the investment.

I don't think emergency funds are that necessary when someone has stable sources of income. For example, when someone is a wage earner or salary earner, their income can simply serve as emergency funds if they plan well.The reason why I feel someone needs emergency funds is when they don't have stable sources of income. These are the people who need emergency funds in case anything comes up in the future. This way, they won’t need to dip into their investment funds.However, as long as someone has stable sources of income, those incomes can serve as emergency funds. The only thing is that if someone wants to enjoy Bitcoin investment, they should use the DCA (Dollar Cost Averaging) method and avoid buying all at once.

You are wrong mate, you cannot use your income as an emergency funds because it's stable. When you are investing in bitcoin, you need an emergency funds separately from your income to take care of an unforeseen emergency that will arise so that you don't sell your bitcoin and take care of that emergency.

In your monthly income, you have your monthly expenses from their to take care of your basic needs, and the left over is what should be put into bitcoin for investing, so how will you say that you can use your income to serve as emergency funds. Let me highlight you on what we call real emergency that such funds is used for. If you lost your job, how will you survive without preying into your bitcoin investment.

Another emergency is if your roof is pulled of by storm and you haven't been paid, where will you look up to on how to fix your roof. Improper planning leqds to early selling of your bitcoin portfolio. An emergency funds is very compulsory for all bitcoin long-term invetors for them to be successful in the long run.

However, an investor with a large discretionary income, that's someone who have various source of income or investment, might not really have his emergency funds, because he can use one of his business to serve as an emergency funds incase an real emergency happens. This is because he has various places to tap funds from to solve any real emergency. Such person will be at a better position to invest more aggressively.

This is why if you don't have an emergency funds but have your discretionary income to get started, you share it into two parts and invest one part on bitcoin, the other part to build your emergency funds. As you are DCAing every week, same way your emergency funds is growing.

We almost always make a mistake (not everyone, many) and that is, when we make a long-term plan, we do not create a support fund at the same time. How does this happen? Let me explain a little more, a long-term plan is a plan that is implemented over a long period of time. And a long-term plan gives us a little more profit. If there is no support fund, that is, if that fund is not used during a disaster during this long period, then it is natural that the planned long-term plan will be damaged, so before making any long-term plan, we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

One of the benefits of having a long term plan is that it gives us the maximum advantage of time to work upon ourselves in so many areas of which we are not meant to perfect or attempting to perfect in them all prior to getting started including in our sources of income. We can be accumulating Bitcoin at the time working on improving our sources of income, it is a long term plan and you have all the time in figuring out other things towards achieving your expected goals and objectives with much flexibilities.

[Zackz5000]

we should always create such a support fund, whether it is a stable income or a volatile income in my opinion.

The most important thing is to get started first i will say that investing into Bitcoin doesn't require one to break a bank before this so as long as you have a discretionary income to begin with start immediately then along time line you can start making plans on how you can increase your discretionary income through finding other source of income and also make provision for your emergency fund reserve and float, a city is never built in a day start first accumulate gradually using the DCA strategy and sort out other important and necessary things towards to grow your Bitcoin investment while you are already accumulating Bitcoin.

[Wind_FURY]

Last month if someone posted that Bitcoin will have a mini-crash below $90,000, I believe everyone in the topic would be telling him that he/she is laughable and stupid.



But it's here! The discount that everyone has been waiting for. Is this an August 2024 reminder? 👀

Does anyone believe that Chad Saylor will get a margin call? - I don't. His cost-basis is $67,000 according to some X posts. This is probably the easiest Buy The DIP opportunity.

[Mahanton]

Last month if someone posted that Bitcoin will have a mini-crash below $90,000, I believe everyone in the topic would be telling him that he/she is laughable and stupid.



But it's here! The discount that everyone has been waiting for. Is this an August 2024 reminder? 👀

Does anyone believe that Chad Saylor will get a margin call? - I don't. His cost-basis is $67,000 according to some X posts. This is probably the easiest Buy The DIP opportunity.

People would be laughing not until they would be able to see for themselves about on the current price or on whats happening as of this moment. We are still sitting on $88k on which it isnt really that a bad re-entry either but we do know that there would really be those who do wanted for the price to dropped down even more on which reaching or going as low as $67k or lets say its previous ATH will be that not an impossible buyback level but of course when it comes to sentiments and price predictions then we cant really be able to tell on what will happen. Its not mal that we will be trying out to dig down those previous sentiment about their buybacks or with those recent ones. There's always that has something to say on whatever the price movement would be having with Bitcoin.
Buy the DIP or making buybacks will really be that your main priority and its normal that people will be waiting up for that price drop. So the main question now is on how deep this market correction would be? There's no way that we can be able to predict on whats ahead because on trying to look on the current market sentiment which we dont see any negative news.

[FortuneFollower]

Last month if someone posted that Bitcoin will have a mini-crash below $90,000, I believe everyone in the topic would be telling him that he/she is laughable and stupid.



But it's here! The discount that everyone has been waiting for. Is this an August 2024 reminder? 👀

Does anyone believe that Chad Saylor will get a margin call? - I don't. His cost-basis is $67,000 according to some X posts. This is probably the easiest Buy The DIP opportunity.

CZ also predicted the dip we see just like a charm.

5 years went by, and he guessed the prices almost correctly - mad luck and mad opportunity for us, indeed 

[sotelorene]

I think we are being tested again by the market with this correction. Some people will see this as a time to fear and panic while some will see it as a period to consolidate on their Bitcoin accumulation by allocating more money into their purchase to make good use of the discounted prices. It is truly a happy time for those who the $100k-ish price took by surprise because now they know that the price can go to such high and stabilize, every correction should be as an opportunity for aggressive buying. This is what I will be doing for as long as the market remain within $90k-ish, I will increase my income allocation from where it is not to somewhere around 40% of my income to help me sit well in my holdings before the market begins to recover. I seriously recommend others think in this direction because this is another great opportunity for all of us to get cheap Sats.

Don't you think that increasing your accumulation to 40% just because of the dip that happens is a bit risky to do? Using 40% of your income to start accumulating bitcoin now will only put you in difficult situations, and you will be struggling to solve your daily expenses because you have allocated a lot of money to accumulating bitcoin, which will put you in the situation of solving your daily expenses according to their relative importance so that you will not run out of money. You should accumulate bitcoin in such a way that you will always solve all your daily expenses without selecting the ones that are important to you to solve at the moment so that you can comfortably live your life. There are a lot of investors who have a shitty source of income, and if they follow your advice to increase their bitcoin accumulation to 40% as you suggested, they will end up selling their bitcoin to survive, so your advice is not necessary at the moment.

In as much as I would love to say you are right about what you said I will also like to let you know that what the op said is just a suggestion, it is not imposing anyone to do it and as a matter of fact it is a good suggestion for people who has the capacity to handle it, there are people that would want to do such because they have the capacity but sometimes they will wait for someone to first give a suggestion that is/will be inline with what they have in mind and these category of people will find this suggestion helpful but on the other hand anyone who doesn't have the capacity and he or she knew... and still went to do it, is putting him or herself into a dangerous situation and it means lack of management skill and indiscipline. However, this is really a great opportunity to buy more Bitcoin instead of selling the one you have.

[champions]

I am not at all disheartened by the fall in Bitcoin prices.  Rather, it is an opportunity for me to collect more. The lower the price, the more bitcoin I will be interested in buying. I am really happy to collect bitcoins.

Thanks everyone! 😊

[Fuso.hp]

Buying the dip is a popular strategy in the Bitcoin market, where investors purchase BTC when the price drops, hoping to profit when it recovers. This approach can be effective in maximizing profits, especially during confirmed uptrends.
However, timing the market can be challenging, and there are risks involved. To mitigate these risks, it's essential to implement effective risk management strategies, such as setting stop losses, combining buying dips with other strategies, and using dollar-cost averaging.
In the context of Bitcoin, buying the dip can be a lucrative opportunity, especially during periods of high volatility. Nonetheless, investors should exercise caution and thoroughly understand the risks involved before deploying this strategy.

If you are always waiting for the price of bitcoin to go down and you will buy bitcoin when the price goes down then I think you will never buy bitcoin. That's why you can't buy bitcoins because you never know when the market might go down and when the market might go up again. I have seen comments from many people who have always been waiting for the price to come down but have not yet invested in Bitcoin while waiting for it. I think every time is a good time to invest in Bitcoin. If you can consistently invest at every price level then I think you will never go wrong investing in this strategy because you can invest in that ratio when the market goes down and you can invest in that ratio when the market goes up. So this strategy is always an effective investment strategy.

[Alpha Marine]

Lastly, whenever we are talking about Bitcoin investment risk should not be a factor because the word risk minimal in Bitcoin investment.

I don't totally agree with this. There is risk in bitcoin, low risk or not. The risk is low when you're holding for a long time that's for sure but there is risk. So instead what you should say is that the person should say "low risk"No investment doesn't involve risk. Even treasury bills have risks even though it's low risk.
If you're investing for the short term then it is no longer "low risk" but "risk"

When talking to people above bitcoin investment, especially newbies I make sure I stress out the risk part so they won't have the idea that they can't lose money or that profit is guaranteed withing a certain period.  

[Tmoonz]

Last month if someone posted that Bitcoin will have a mini-crash below $90,000, I believe everyone in the topic would be telling him that he/she is laughable and stupid.

Anyone who has been long into Bitcoin will understand that variable factors constituting Bitcoin volatility is not controlled by any one hence making Bitcoin a speculative asset which of course anyone is at liberty to speculate or predict Bitcoin moves, the market has been made to be bullish or bearish and to what extend one may occur can never be certain, honestly there is no stupidity or anything laughable if someone has posted that Bitcoin will have a mini- crash below $90k last month if only we agree that Bitcoin is volatile.

[Gallar]

Bitcoin for sure will test the patience of its holders. Over the years those who benefited from the price hikes are those who were patient enough to overlook the emotional gamble the market played on the minds of Bitcoin holders.  For the smart ones the dipper it goes the better the buying power. It's about how many Bitcoin you able to accumulate not the current price because the more bitcoin owned the more profit made during bull run.

In the midst of the high price volatility that occurs in bitcoin, of course this will be the toughest test for investors to continue holding their bitcoin longer. Because quite a lot of bitcoin investors suffer losses due to the volatility of the bitcoin market and end up selling their bitcoins too early. So in this case all aspects related to the smooth running of Bitcoin investment must be strengthened, one of which is our patience. Because without strong patience, of course, when the bitcoin market is turbulent, our mentality will falter and finally we decide to sell the bitcoin assets. As is currently happening, bitcoin fell quite deeply yesterday and today. There may be several reasons why Bitcoin experienced this decline. However, whatever news comes to us related to bitcoin (negative), we should not be shaken and must remain strong with the bitcoin hodl that we are currently running. But if we look at the drastic decline that is currently occurring in Bitcoin, it is clear that there are still many Bitcoin investors who are panicking and selling their Bitcoin until finally Bitcoin experiences a deeper decline. Well, this is what we really have to realize, that there is no need to panic when there is negative news about bitcoin, because basically bitcoin will not be easy to bring down. So stay patient and think positively when dealing with situations like now and not panic.

[Ricardo11]

Buying the dip is a popular strategy in the Bitcoin market, where investors purchase BTC when the price drops, hoping to profit when it recovers. This approach can be effective in maximizing profits, especially during confirmed uptrends.
However, timing the market can be challenging, and there are risks involved. To mitigate these risks, it's essential to implement effective risk management strategies, such as setting stop losses, combining buying dips with other strategies, and using dollar-cost averaging.
In the context of Bitcoin, buying the dip can be a lucrative opportunity, especially during periods of high volatility. Nonetheless, investors should exercise caution and thoroughly understand the risks involved before deploying this strategy.

If you are always waiting for the price of bitcoin to go down and you will buy bitcoin when the price goes down then I think you will never buy bitcoin. That's why you can't buy bitcoins because you never know when the market might go down and when the market might go up again. I have seen comments from many people who have always been waiting for the price to come down but have not yet invested in Bitcoin while waiting for it. I think every time is a good time to invest in Bitcoin. If you can consistently invest at every price level then I think you will never go wrong investing in this strategy because you can invest in that ratio when the market goes down and you can invest in that ratio when the market goes up. So this strategy is always an effective investment strategy.

That is why every investor is advised to invest in DCA for the long term. It is impossible to predict the market movements, so DCA should be operated continuously without worrying about the market movements. The market will never move according to your expectations, and what you predict will never happen. Therefore, you have to invest in DCA for the long term, as a result, your portfolio will be built at an average price. So never wait for the right price, just invest regularly. DCA is the only best long-term effective investment strategy.

[POPOLUV]

Lastly, whenever we are talking about Bitcoin investment risk should not be a factor because the word risk minimal in Bitcoin investment.

I don't totally agree with this. There is risk in bitcoin, low risk or not. The risk is low when you're holding for a long time that's for sure but there is risk. So instead what you should say is that the person should say "low risk"No investment doesn't involve risk. Even treasury bills have risks even though it's low risk.
If you're investing for the short term then it is no longer "low risk" but "risk"

When talking to people above bitcoin investment, especially newbies I make sure I stress out the risk part so they won't have the idea that they can't lose money or that profit is guaranteed withing a certain period.  

I humbly agreed to your statement about risk, first of all life is full of risk, then relating risk to Bitcoin investments, Bitcoin is much risky if you don't know anything about Bitcoin as a newbie, there is something i want you to clear me, you said that investing in a long term investment that is no risk and when involve in short term investment that it is not more in a low risk abi. Than it should be high risk when it comes to short term investment and low risk when it comes to Long term investment ba?

[Popkon6]

Buying the dip is a popular strategy in the Bitcoin market, where investors purchase BTC when the price drops, hoping to profit when it recovers. This approach can be effective in maximizing profits, especially during confirmed uptrends.
However, timing the market can be challenging, and there are risks involved. To mitigate these risks, it's essential to implement effective risk management strategies, such as setting stop losses, combining buying dips with other strategies, and using dollar-cost averaging.
In the context of Bitcoin, buying the dip can be a lucrative opportunity, especially during periods of high volatility. Nonetheless, investors should exercise caution and thoroughly understand the risks involved before deploying this strategy.

If you are always waiting for the price of bitcoin to go down and you will buy bitcoin when the price goes down then I think you will never buy bitcoin. That's why you can't buy bitcoins because you never know when the market might go down and when the market might go up again. I have seen comments from many people who have always been waiting for the price to come down but have not yet invested in Bitcoin while waiting for it. I think every time is a good time to invest in Bitcoin. If you can consistently invest at every price level then I think you will never go wrong investing in this strategy because you can invest in that ratio when the market goes down and you can invest in that ratio when the market goes up. So this strategy is always an effective investment strategy.

That is why every investor is advised to invest in DCA for the long term. It is impossible to predict the market movements, so DCA should be operated continuously without worrying about the market movements. The market will never move according to your expectations, and what you predict will never happen. Therefore, you have to invest in DCA for the long term, as a result, your portfolio will be built at an average price. So never wait for the right price, just invest regularly. DCA is the only best long-term effective investment strategy.

Investing in Bitcoin using the DCA method is very easy, but every investor needs to know how to sustain their investment in the long term. Every investor has their own plan, and it is definitely better if their plan is long term. Because the longer the investment, the more they will be able to continue investing in the DCA method, an ideal investor prefers the weekly DCA method the most.
Because by following the DCA method weekly, it will be possible to sustain your investment for a long time and you will be able to meet your financial needs. And with the right plan, you can reach your destination.

[Jewan420]

Investing in Bitcoin using the DCA method is very easy, but every investor needs to know how to sustain their investment in the long term. Every investor has their own plan, and it is definitely better if their plan is long term. Because the longer the investment, the more they will be able to continue investing in the DCA method, an ideal investor prefers the weekly DCA method the most.
Because by following the DCA method weekly, it will be possible to sustain your investment for a long time and you will be able to meet your financial needs. And with the right plan, you can reach your destination.

While giving priority to weekly DCA, we cannot underestimate monthly DCA, quarterly DCA or fortnightly DCA. In terms of importance, I do not want to associate DCA with differentiation. To me, DCA means making continuous purchases over a certain period of time and keeping stocks for the long term. I like to set 3 time periods for DCA such as, buying 4 times a month (weekly DCA), buying 2 times a month (fortnightly DCA) and buying 1 time a month (monthly DCA). I ​​do not like buying 1 time in every 3 months (quarterly DCA) very much. This is out of my list of preferences. If it is in your list of preferences, then you can do it without hesitation.

You can even buy 3 times a month, which is your personal preference. But you have to be careful not to buy small additional times in a month. Because, you have to consider the transaction fee for each purchase. If you buy repeatedly, your transaction fees will be higher, which is a kind of loss to you.

[ChocolateBitcoinK]

Investing in Bitcoin using the DCA method is very easy, but every investor needs to know how to sustain their investment in the long term. Every investor has their own plan, and it is definitely better if their plan is long term. Because the longer the investment, the more they will be able to continue investing in the DCA method, an ideal investor prefers the weekly DCA method the most.
Because by following the DCA method weekly, it will be possible to sustain your investment for a long time and you will be able to meet your financial needs. And with the right plan, you can reach your destination.

While giving priority to weekly DCA, we cannot underestimate monthly DCA, quarterly DCA or fortnightly DCA. In terms of importance, I do not want to associate DCA with differentiation. To me, DCA means making continuous purchases over a certain period of time and keeping stocks for the long term. I like to set 3 time periods for DCA such as, buying 4 times a month (weekly DCA), buying 2 times a month (fortnightly DCA) and buying 1 time a month (monthly DCA). I ​​do not like buying 1 time in every 3 months (quarterly DCA) very much. This is out of my list of preferences. If it is in your list of preferences, then you can do it without hesitation.

You can even buy 3 times a month, which is your personal preference. But you have to be careful not to buy small additional times in a month. Because, you have to consider the transaction fee for each purchase. If you buy repeatedly, your transaction fees will be higher, which is a kind of loss to you.

Every investor has their own personal preferences and they invest according to their convenience. We usually see and most people usually get their salary on a weekly or monthly basis. Now if they want to continue DCA according to their income, in that case if they are earning weekly, then they will have to continue DCA weekly, and if they are earning monthly then they can continue DCA monthly.

Now in the case of a weekly employee, in the case of weekly investment, when the issue arises on top of the additional transaction fee for purchase, in that case I can say, when he gets his weekly salary, at that time he will keep the amount with which he will buy DCA, that is, he will keep the amount in a box, in this way, after getting his salary for four weeks i.e. one month, he will make his “four” times investment together in “one” time, in this case his additional transaction fee will be saved.

That is, he will get salary weekly, but he will continue DCA on a monthly basis. Or if he wants, he can invest every two weeks, that is, invest twice a month. It depends on one's personal preference and convenience.

[Ruttoshi]

Investing in Bitcoin using the DCA method is very easy, but every investor needs to know how to sustain their investment in the long term. Every investor has their own plan, and it is definitely better if their plan is long term. Because the longer the investment, the more they will be able to continue investing in the DCA method, an ideal investor prefers the weekly DCA method the most.
Because by following the DCA method weekly, it will be possible to sustain your investment for a long time and you will be able to meet your financial needs. And with the right plan, you can reach your destination.

While giving priority to weekly DCA, we cannot underestimate monthly DCA, quarterly DCA or fortnightly DCA. In terms of importance, I do not want to associate DCA with differentiation. To me, DCA means making continuous purchases over a certain period of time and keeping stocks for the long term. I like to set 3 time periods for DCA such as, buying 4 times a month (weekly DCA), buying 2 times a month (fortnightly DCA) and buying 1 time a month (monthly DCA). I ​​do not like buying 1 time in every 3 months (quarterly DCA) very much. This is out of my list of preferences. If it is in your list of preferences, then you can do it without hesitation.

You can even buy 3 times a month, which is your personal preference. But you have to be careful not to buy small additional times in a month. Because, you have to consider the transaction fee for each purchase. If you buy repeatedly, your transaction fees will be higher, which is a kind of loss to you.

Every investor has their own personal preferences and they invest according to their convenience. We usually see and most people usually get their salary on a weekly or monthly basis. Now if they want to continue DCA according to their income, in that case if they are earning weekly, then they will have to continue DCA weekly, and if they are earning monthly then they can continue DCA monthly.

Now in the case of a weekly employee, in the case of weekly investment, when the issue arises on top of the additional transaction fee for purchase, in that case I can say, when he gets his weekly salary, at that time he will keep the amount with which he will buy DCA, that is, he will keep the amount in a box, in this way, after getting his salary for four weeks i.e. one month, he will make his “four” times investment together in “one” time, in this case his additional transaction fee will be saved.

That is, he will get salary weekly, but he will continue DCA on a monthly basis. Or if he wants, he can invest every two weeks, that is, invest twice a month. It depends on one's personal preference and convenience.

I don't think that idea is a good one, because there's risk of keeping too much fiat with you instead of investing it right away. When investing into bitcoin using DCA, it's good that you buy right away when the money is available. If you do get paid weekly, when you get paid, use your discretionary income to buy immediately and forget about the transfer fee because you will leave your funds in the exchange.

I know that some people might frown towards my answer because Bybit was hacked recently, but what can you do to avoid small small UTXO in future. You should buy and pile up your funds in an exchange till it reach a certain amount of maybe, $500 and above before you send it all once to your self custody wallet.

Another reason for buying immediately that week instead of piling up your fiat to buy once in a month is that bitcoin price is volatile and it's better you buy right away instead of waiting till the end of yhe month because bitcoin price might be higher when the month ends. Weekly buying gives you more opportunities in the market to buy bitcoin are various prices compared to when you buy once a month and it is going to be a constant practice that will be part of you overtime.