Buy the DIP, and HODL!

[Sam T. Banks]

DCA strategy makes investors more interested and save, no matter where you calculate, the DCA method helps the investor in an incomparable way. Because if you start investing in Bitcoin once, then Bitcoin will definitely beckon you to invest again and again, because you notice one thing, the more you invest in Bitcoin according to the DCA method, the more the amount of Bitcoin in your wallet will increase. Because you can use all the money that you were wasting carelessly and unnecessarily, this is the biggest benefit of the DCA method.

The decline in the price of Bitcoin is still happening until now so that Bitcoin has touched a price of $79K today, I don't know what sentiment is affecting Bitcoin that has caused the price to drop like it is now.

you can't say you don't know why bitcoin is dumping so badly, even without making research of what makes bitcoin to fall, but you should know that when bitcoin reaches the climax of a new ATH as a result of propelling force that made people to adopt massively like the Trump strategic reserve, if there is no longer force to drive this adoption higher again then it may likely fall. many folks will sell the rip to take advantage of the high price, thereby dumping the market because of fear of uncertainty and doubt [FUD] this will continue till bitcoin will start recovering again.

this happened in the 2021 bitcoin ATH of $69k after which we experience a decline or correction to even $15k before it regain gradually until 2024 that new ATH  was created.
 

Everyone has taken advantage of the already good market and many people have sold when the price of bitcoin is at its highest, which is why the price of bitcoin has dropped a bit. There is nothing to worry about because the price of bitcoin has dropped, it will not take long to recover.

However, one thing must be admitted: Trump has taken advantage of the market and has become neutral again. It can be said that this situation of the market has happened because of Trump. However, we are hoping to see a new ATH very soon.

[Greyhats]

Picked up a nice bit of DIP 79.6k

Keep stacking :-)

[Platinumys]

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.

You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.

From what I know about investing, if the investment is not taken seriously or if the investment is not made for a long time, then it is difficult to achieve success from this investment. Most investors don't understand how to get started. Newbie investors are afraid to start investing mainly because of many fears and lack of proper understanding about investing. On the one hand, novice investors feel that their money will be at risk if they invest in Bitcoin. But investing must take some risk because if an investor does not take financial risk then he will never succeed in investing.

Investing does not mean that an investor needs to have a large amount of money to invest or that an investor needs a large amount of money to start investing. Rather an investor can start his investment with minimum amount of money. When an investor starts investing, gradually his idea about investing will grow and later on he can become more serious about his investment.

[Gallar]

DCA strategy makes investors more interested and save, no matter where you calculate, the DCA method helps the investor in an incomparable way. Because if you start investing in Bitcoin once, then Bitcoin will definitely beckon you to invest again and again, because you notice one thing, the more you invest in Bitcoin according to the DCA method, the more the amount of Bitcoin in your wallet will increase. Because you can use all the money that you were wasting carelessly and unnecessarily, this is the biggest benefit of the DCA method.

Actually, it's not because of the DCA method that makes a bitcoin investor want to continuously accumulate the cold money they have into bitcoin. But because of the quality of bitcoin itself. Because I think people who invest in bitcoin using any method will continue to put their money into bitcoin. Because Bitcoin is indeed an investment asset that has enormous potential and will give investors the potential to gain fantastic profits in the future. So it is certain that with this, people who know about the potential of bitcoin, I am sure they will continue to invest in bitcoin using whatever method. So it's clear, DCA is not the main trigger for someone to want to continue investing in bitcoin. But the main trigger is bitcoin itself. Maybe by applying the DCA strategy to Bitcoin, we can just be more organized in carrying out our accumulation.

[Huliya]

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

From what I have learnt, that you are using a particular strategy doesn't mean the other strategies can not be use together,  if the dollar cost averaging strategy is not the only strategy investors can still use other strategies together, for instance an investor can be doing dollar cost averaging strategy, buy the dip if they have the reserve funds for it and also buy with the Lump if there is a lump sump amount available,  one thing I see is that an investor should only do all this at the expense of his comfort without affecting his basic needs, the dollar cost averaging strategy is good but it is not the only strategy they talk about here, you can do the other ones too with the dollar cost averaging if you can., the plan is to increase the size of your Bitcoin with any strategy or strategies that matches your investment energy.

I think the argument here is not about the best strategies to be used by investors but the advantage of using DCA strategies in the sense that it helps investors to buy Bitcoin regularly in different rate that may be seen discounted over a period of time and DCA also help low and moderate income earner to be able to invest in Bitcoin in a planned interval of time in respect to the available fund of the investor.
Another point that is noted in the argument is the need to have a fund set aside fund that will handle some basic needs in order not to touch your Bitcoin asset and to enable investors hold their Bitcoin for long term. Yes, it's very necessary for investor to have a set aside fund especially those that have low or moderate source of income because the set aside fund will save investors from any financial obligations that may affect the plan of holding the Bitcoin for long term in other to maximum the profit in the future.

Okay, I understand that you are thinking of DCA as just one method. There are many other methods of investment. You must have noticed that the demand and valuation of Bitcoin is not the same in all parts of the world. You will find many countries that do not recognize Bitcoin. There are also many countries that recognize Bitcoin and value it in fiat time. There are also many places where they consider Bitcoin to be a scam. Because they have not received proper information about Bitcoin. They have believed fake news about Bitcoin. They only know this little that Bitcoin is a digital currency with an unstable market. So they believe that if they invest money, they will lose money.

My question to you is how can we break this misconception of theirs? When they do not even have enough internet access. So I think it is easy for them to have a proper understanding of other investment methods and invest correctly on that idea?

@bestcandy, You have mentioned only lump sum method as other investment methods. But on the other hand, there are some other excellent methods of investment. For example: Value Averaging - VA, Buying the Dip, HODLing (Hold On for Dear Life) etc. You can use any investment method you want.We just want no investor don't take the risk. If you invest in any method except DCA, you may feel pressure on yourself. Because none of us want to suffer losses.

I am not forbidding any of you to invest in other methods. I am just requesting you to follow the safe path. Because if you do anything with mental pressure, the possibility of it being right is very low.

After all, you can invest your money in any method. None of us has anything to say about it.
I would request you to invest in Bitcoin for the long term .

[asarfiar]

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?

Of course, the risk appetite in long-term investments is very low, as it plays a very important role in keeping your investment safe from short-term market . volatility not and strengthening the portfolio do You plan that you do any harm not to your Bitcoin investment, so first divide your money into equal parts and keep the Bitcoin investment in a way that should not be spent in any way.

We have seen short -term investors most traders, the reason for giving more importance to the trend of this short -term market is because the profit is high. If you want to be a real Bitcoiner, you must conduct long -term investment activities So after a long time passedYou can exploit the possibility of gaining a high return.

[Barikui1]

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?

            so first divide your money into equal parts and keep the Bitcoin investment in a way that should not be spent in any way.

Looking at this statement here, I really don't think it's ideal, if you divide your weekly or monthly income into two and invest one part of it, their is a higher probability that you might be compel to temper with your holdings in the future because investing half of your monthly or weekly income is too high, and it would definitely disturb you in financing your day to day running of your daily expenses, investing 20%-30% of your net income is quite ok, not 50%, remember that the remaining 50% is where you still remove your emergency funds from, so their is a higher probability that you may struggle in meeting up in financing your basic needs which will compel you to temper with your holdings, because you investing more than what you can do away with for a very long period of time.

We have seen short -term investors most traders, the reason for giving more importance to the trend of this short -term market is because the profit is high.

No, short term traders and selling for minimal gains will not give you something significant or something huge like holding for like five circles, most of these traders just want to make quick money that's the primary reason they trade their Bitcoin, but when it comes to profitability, holding for a very long period of time is the real deal.

[Ruttoshi]

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.

You are absolutely right, nothing is created in a day or a moment. It takes a certain amount of time to create something. Although I am not a big investor, I still think that one should be a little cautious in long-term investments, especially for people from lower middle class families or low income groups like me. But Bitcoin investment is definitely not an alternative to the DCA method. So I think creating a support fund with investments will be a benefit for low income groups like me, so that if they face any unexpected event they do not have to touch or withdraw their Bitcoin funds what I am doing in light of the knowledge gained through this thread, which is constantly helping me increase my mental courage in investing.

Most investors don't understand how to get started. Newbie investors are afraid to start investing mainly because of many fears and lack of proper understanding about investing. On the one hand, novice investors feel that their money will be at risk if they invest in Bitcoin. But investing must take some risk because if an investor does not take financial risk then he will never succeed in investing.

Anybody that is scared of getting started on investing into bitcoin due of fear of the unknown, should try his possible best to invest with very little amount of money as low as $10 every week through DCA because it's better to be a low coiner rather than sitting in fear as a no coiner because that's the worst of all.

When the new investor have started investing for up to 1-2 years and learning at the same time, his confidence in bitcoin would have increased because he have gotten more knowledge, he can increase the amount of money that he is using to DCA and invest aggressively, and supplement it with lump sum buying or frontload his bitcoin investment.

It's better to risk your money and invest in bitcoin, because not investing in bitcoin is the worst risk so far in this era, since you don't have any investment that you can rely on in future when you're old. You might end up dying in poverty for the risk that you fail to take now. Bitcoin investment is a long-term investment plan. Therefore, no coiners should start buying and stop using fear and risk as an excuse of not investing, when there's nothing to fear about. If you have a good cash flow management and plan properly on a long-term steady and continuous accumulation goal, you will succeed, just be consistent and persistent to keep your bitcoin accumulation ongoing with patient.

Another problem some no coiners have is that they are looking for a get rich quick scheme with bitcoin which is impossible. Imagine a poor man building a house bit by bit, it will take a very long time for him to complete it but with consistent and persistent taking building the house as his only hope to conquer shelter, he will achieve it. See your bitcoin investment as the only hope to conquer poverty in the long run as a pleb.

[Wind_FURY]

 

Sell a kidney if you must, but keep the Bitcoin.

https://x.com/saylor/status/1895325810942411234

Chad Saylor is a Chad. Doesn't panic, hands steady, unmoving, relaxed during the biggest drawdown of his Bitcoin investment journey. Everyone should remember that he used his company as collateral for his multi-billion Dollar Bitcoin Bet. If he gets a margin-call - he's a Legend, if Bitcoin surges to All Time High - he's a Legend.

 ¯\_(ツ)_/¯

[avp2306]

Sell a kidney if you must, but keep the Bitcoin.

https://x.com/saylor/status/1895325810942411234

Chad Saylor is a Chad. Doesn't panic, hands steady, unmoving, relaxed during the biggest drawdown of his Bitcoin investment journey. Everyone should remember that he used his company as collateral for his multi-billion Dollar Bitcoin Bet. If he gets a margin-call - he's a Legend, if Bitcoin surges to All Time High - he's a Legend.

 ¯\_(ツ)_/¯

For many years that they are buying bitcoin for sure they know how to handle well the situation, also not every time we experience this dump so provably instead of getting panic in this situation those guys would provably buy more Bitcoin since they are into DCA.

They would catch the falling knife and that make them unique and successful institution. This is what people need to look forward if they are really interested to buy Bitcoin for long term investment since there's good chance they can replicate same success especially if they are consistent on their accumulation despite of bearish situation of the market.

[john_egbert]

Chad Saylor is a Chad. Doesn't panic, hands steady, unmoving, relaxed during the biggest drawdown of his Bitcoin investment journey. Everyone should remember that he used his company as collateral for his multi-billion Dollar Bitcoin Bet. If he gets a margin-call - he's a Legend, if Bitcoin surges to All Time High - he's a Legend.

 ¯\_(ツ)_/¯

If he would tremble, then that would be a precedent for sure.
He doesn't have the audacity to do so, because he knows what he is doing  

[Wind_FURY]

Forbes Magazine put him in the cover and calls him the "Volatility Virtuoso".



There definitely are people who are silently laughing at me for idolizing this man and they would probably call me names, BUT many of those people's wallets hold memecoins that they would shill to their followers instead of Bitcoin. Haha.

The worst part, they "believe" in those memecoins.

[Mayor of ogba]

The dollar cost averaging method dca doesn't even give you an opportunity to buy bitcoin at cheaper price but with it you can be buying little fraction of bitcoin with your discretion income either every weeks or months without considering if the price of bitcoin is high or low, using the dollar cost averaging method doesn't mean you will buy bitcoin very cheap it's not true.

The idea of the DCA strategy is not for investors to buy bitcoin at a low price but to have the opportunity of consistently accumulating bitcoin at any given price when their money is readily available without waiting for any entry point. Even though the DCA strategy doesn't guarantee buying bitcoin at a low price, at some point the DCA strategy gives investors the opportunity to buy bitcoin at a low price if there's a dip, and at that time is when their DCA money is readily available, they can buy bitcoin at a low price with the DCA strategy.

[betswift]

Forbes Magazine put him in the cover and calls him the "Volatility Virtuoso".



There definitely are people who are silently laughing at me for idolizing this man and they would probably call me names, BUT many of those people's wallets hold memecoins that they would shill to their followers instead of Bitcoin. Haha.

The worst part, they "believe" in those memecoins.

That's a great title to bear.
And memes - they are created to die, while BTC is created to thrive 

[Bd officer]

Today, the price of Bitcoin has fallen to its lowest level in the last 3 months. Bitcoin price has dropped below $80k today, so it's a great opportunity to buy the dip. Now that the price of Bitcoin is currently down, it can be called a test to identify long-term investors. Long term holders will try to buy more in this dumping. But short-term holders are in for a disappointment. Some short-term holders may sell.

However, the market conditions are not very good right now, but we have to believe that Bitcoin has good prospects in the long run. So we have to hold the investment for long term. So it would be wise to continue buying bitcoins with this dumpy DCA method.

[hero_the_bossman]

Today, the price of Bitcoin has fallen to its lowest level in the last 3 months. Bitcoin price has dropped below $80k today, so it's a great opportunity to buy the dip. Now that the price of Bitcoin is currently down, it can be called a test to identify long-term investors. Long term holders will try to buy more in this dumping. But short-term holders are in for a disappointment. Some short-term holders may sell.

However, the market conditions are not very good right now, but we have to believe that Bitcoin has good prospects in the long run. So we have to hold the investment for long term. So it would be wise to continue buying bitcoins with this dumpy DCA method.

We just need to wait for the storm out and see what it holds for us in the future.
Nobody will be disappointed if they will continue holding on and not panic selling all the way.. 

[Justbillywitt]

...

Soft hands exist so that those willing to believe are able to get their boons at last.
That's why we continue to hodl while others may panic sell  

Those who panic sell are people who do not have the ability to hold Bitcoin and such people will also not be able to keep other assets for a long time for themselves because their own character is still not good enough to be a holder or investor in the best assets and also in Bitcoin. We need to salute those who have soft hands and those who continue to buy Bitcoin at this time with the extraordinary abilities they already have. Because people like that are the ones who are able to provide resilience to the price of Bitcoin and also to the value of Bitcoin itself in front of the public.

We need to salute those who have soft hands for their stupidity or for their heroic? I don't really understand why we need to salute anybody. The people who are buying bitcoin continually are not doing bitcoin a favour neither are they they doing anyone any favour. What they are simply doing positioning themselves for the future and making sure that they don't lose out. Wether we decide to buy or not, bitcoin will still remain bitcoin. So I don't really see the essence of saluting anyone as far as bitcoin is concern. They should be grateful that investment opportunity like bitcoin exists. Why should I salute someone for buying bitcoin? Instead we should salute bitcoin for the equal opportunity it has given to everyone. People with visionary sights will continue to buy bitcoin not because they wants salute from anybody, neither do they expect any congratulatory message from anybody. They are buying bitcoin because they have seen benefits that comes with owning the best performing asset in the world, on the long run.

[Tmoonz]

Most investors don't understand how to get started. Newbie investors are afraid to start investing mainly because of many fears and lack of proper understanding about investing. On the one hand, novice investors feel that their money will be at risk if they invest in Bitcoin. But investing must take some risk because if an investor does not take financial risk then he will never succeed in investing.

Issues like this has been repeated addressed by jayjuanGee This post below from jayjuanGee will give you a more clearer picture and the understanding you seek in light of your narrative, I believe we are all here to learn.

The more doubts that any newbie has about bitcoin should result in his adjusting his position size to reflect his doubts, so in  that regard, if the newbie bitcoin investor has a lot of doubts then maybe he would invest on the lower end of the scale, such as 5% of his income rather than 25%, and surely there are some who might  even choose to go below 5% based on their having a lot of doubts rather than being based upon their financial abilities.  Many folks will choose not to invest into bitcoin based on their doubts, which many of us know is the wrong solution, so instead of investing aggressively, they should still choose to invest, but merely to invest more conservatively in alignment with their doubts, which we frequently had referred to a need for everyone to invest something into bitcoin and to get off of zero, which continues to be a pretty BIG problem with and overwhelming majority of the world's population (perhaps close to 99%?) being in the status of no coiners (aka pre-coiners) and low coiners.

[Spaceman1000$]

Today, the price of Bitcoin has fallen to its lowest level in the last 3 months. Bitcoin price has dropped below $80k today, so it's a great opportunity to buy the dip. Now that the price of Bitcoin is currently down, it can be called a test to identify long-term investors. Long term holders will try to buy more in this dumping. But short-term holders are in for a disappointment. Some short-term holders may sell.

However, the market conditions are not very good right now, but we have to believe that Bitcoin has good prospects in the long run. So we have to hold the investment for long term. So it would be wise to continue buying bitcoins with this dumpy DCA method.

A dip can occur regardless of the time, however $80k is not a small money for some investors to easily rush and buy the dip at the moment with such staggering amount, that's why we have the DCA, to help you buy it in fractions regardless if there is dip or not, But then, if the investor is very wealthy and has been waiting for an opportunity to buy the dip, then he/she can take a shot at the moment.
However a long-term investors should be acquainted with the rudiments of long-term holding, so sudden change in price shouldn't be a yastic for  him/her to sell regardless of the turbulence.

[Jewan420]

Looking at this statement here, I really don't think it's ideal, if you divide your weekly or monthly income into two and invest one part of it, their is a higher probability that you might be compel to temper with your holdings in the future because investing half of your monthly or weekly income is too high, and it would definitely disturb you in financing your day to day running of your daily expenses, investing 20%-30% of your net income is quite ok, not 50%, remember that the remaining 50% is where you still remove your emergency funds from, so their is a higher probability that you may struggle in meeting up in financing your basic needs which will compel you to temper with your holdings, because you investing more than what you can do away with for a very long period of time.

Investing half of your income for investment may make you a failed investor. Because being a long-term investor is more important than being an aggressive investor. If it is possible to easily meet your daily needs with 50% of your income source, then I will not disagree with you to conduct investment activities with the remaining 50%. In this case, you have to ensure the necessary funds with 50% of the investment and manage the investment with the remaining money by keeping sufficient cash flow reserves.

But most people's income sources are not so developed. Meeting daily needs with half of their income and managing investments with the remaining half is not possible for everyone. Most people maintain 2/3 of their income to meet their daily basic needs. In such a situation, if you plan to invest with half of your income, then there may be a shortage in meeting your daily needs and this shortage may force you to sell your holdings one day. So you have to meet your daily needs properly for investment and plan to invest with the remaining money. If the remaining money is not enough for investment, you will need to improve your income source or find alternative sources of income.