Buy the DIP, and HODL!

[Olatundespo]

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.

You're right there's no time anymore cause in no time we should be heading towards a bearish and bullish seasons that might be favourable to the long-term investors. But irrespective of that I think some people are quite scared to do so, cause of the price fluctuations and they don't want to be in losses after the buy buy buy. I also felt same way but nevertheless I know in no time the outcome will be tremendous profits so I don't want to regrets, that's why I'm buy the little I can and accumulate.

I always felt very bad to see that there are still investors that are scared of buying Bitcoin either daily, weekly or monthly because of the price fluctuations in the market, that should not scared you, ever since i joined this thread i have understand that Bitcoin should always see as a future investment that means you allow it to accumulate in a lifetime cycle, so as an investors should always see your Bitcoin as a future investment, not going for quick making money without planning for your future.

Bitcoin should be considered as a future investment. If someone asks you why, you should have the answer. The answer is the limited supply of Bitcoin and the impact of its widespread adoption worldwide, even increasing holdings at the corporate level. In the future, it may be that some powerful countries are preparing for the Federal Reserve. Your preparation during the fluctuations in the price of Bitcoin is to try to increase its savings and practice that you are doing Bitcoin in small amounts regardless of the price and have sufficient backup funds for continue.

You gave the example of investors who are afraid to buy Bitcoin during market fluctuations. You should learn from their attitude that why they are afraid to buy Bitcoin at that time. The answer is that they may not be aware of DCA or not be properly informed about how Bitcoin works. If an investor accumulation Bitcoin in the DCA method regardless of the price he will be able to continue investing in the long term.

[Gost ms]

Start buying at timed intervals, On the long run you increase your stack and got less worries about the price. It will give ease of mind to not check the charts every x minutes ; )

Honestly it's not as easy as it may seems to buy the dip because one is afraid of having losses but I think it's preferable to buy the dip when it's close to a pump but regardless i go on with the mindset of always checking the charts every now and then, inorder to make sure that you ain't missing out on when you can be profitable.its just that I'm okay with this cause I'm doing this for long-term.

Your comment is very misleading. Because no one can ever tell what will happen in the future in the market. If that were the case, all the traders would have become rich in a few days. No one would have planned for long-term investment.

I think there is no point in checking charts for long-term investment. Because if you have basic knowledge about Bitcoin and investment, then you can invest. If you wait for the price to drop, you may regret it after a few days for not buying at the right time.

[Gost ms]

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Personally I don't support the idea of someone borrowing to invest in Bitcoin, I totally discourage such mindset, Bitcoin is not like other investment so it won't be nice for anyone to borrow to invest in Bitcoin, it isn't right for me, mate there are some investment we can actually borrow to invest in but not Bitcoin unless an investor has a good source of income he or she can lay hands on later to pay up the loan just as you said but whats they need of even doing that, instead of borrowing when you have other source to pay back, why not use that same source to keep investing slowly consistently, I don't support borrowing to invest in Bitcoin, Bitcoin investment should be done in such a way that an investor wouldn't put him or herself in an unnecessary pressure that's capable of making his BP to rise, since we understand and know that we can actually invest in Bitcoin with what we can afford temporarily and increase our level of investment when your income comes up, I don't see any need of doing otherwise for no just cause when we can do things gradually,steadily and relaxed without being bothered.

If you invest with borrowing or debt, normally the pressure will be much higher and if it is in the case of investing in Bitcoin, it will be even more stressful. But one thing to understand here is that Bitcoin is volatile. If you have to invest here, then there is a possibility of getting several times the return in the case of long-term investment though it is not give you grantee. Especially if an investor is able to take a long-term loan, then he can invest in Bitcoin with debt money.

But if a person does not take a loan and does regular DCA with his discretionary income then he will be able to build a large portfolio of Bitcoin without taking a loan. If the investor fails to repay the loan after taking a loan, then it will be difficult for him to maintain the investment, which can increase loss later.

Taking loan an investor can benefit if he is able to repay the loan. Many investors have sufficient sources of income to invest in Bitcoin by borrowing money if they wish. But they should keep in mind that the pressure of any loan will not prevent them from withdrawing their investment before the stipulated time.

Investing with debt can be very risky for you. Because the Bitcoin market is very volatile. If you are not able to repay the loan at the right time, you may have to sell your investment and repay the loan.

If you have a stable source of income, you can build a larger portfolio by adopting the DCA method. I think that investing with debt. If you have a stable source of income, then adopting the DCA method will be a very wise thing to do. If you do not have a stable source of income, investing with debt will be nothing but foolish, I think.

[Stable090]

One thing for sure we should always know is that Bitcoin investment is not as the same having ownership of a business such that anyone borrowing money to invest in Bitcoin must have another secured plan of paying back that is not from his Bitcoin investment because if you borrow money to invest in Bitcoin and expect to pay back with profits you get in Bitcoin

I don’t have any problem with taking loan to invest in bitcoin, as long as you have a source of income which you will be able to pay back your loan without depending on the profits which you made from bitcoin investment. If you depend on your profit from bitcoin investment, then you might even be at loss when you are suppose to pay back your loan, and you won’t have choice than to sell because you will have to pay back your loan.

If you are having other sources of income then you can use that to pay back your loan, and the bitcoin which you are having in your wallet becomes your own, but most people investing in bitcoin do think bitcoin price will have increased before due date to pay back their loan, but things don’t really go like that.

[Mrbluntzy]

You still seem to be contradicting yourself, since you seem to be claiming that there is some value in having some kind of a target price, and sure I am not completely opposed to the idea, but to me it still seems to be problematic for guys to be thinking in terms of target price prior to their reaching some kind of a accumulation that helps their target price to make sense, but in the abstract if a guy starts to think in terms of target prices while he might still be in his accumulation phase, then you are sounding like a trader.

Even in your case, you have been registered on the forum for less than 3 years, and so do you consider that you have accumulated enough bitcoin to start to employ sales strategies rather than ongoingly considerig buying at least for a couple more years? 

Sure the last 3 years have been quite good for anyone accumulating bitcoin, especially if they had been able to front load their investment during mid-to-late 2022 or even into much of 2023 while BTC prices were largely under $30k for most of 2023.

But if you ended up starting out whimpy in your bitcoin investment and not able to front load, it then I really doubt that you are in a good position to be considering selling techniques rather than just continuing to buy through this cycle and perhaps into the next.

Let's say that you had been somewhat able to invest aggressively into bitcoin over the past nearly three years, and let's say for example you had an income of around $5k per month (which is $60k per year), and since July 2022 you were able to invest around $500 per week into bitcoin, and so then after nearly three of investing, you would have invested $72k and you would have had accumulated about 2.1235 BTC.  Surely not a bad place to be, yet I doubt it is a place that is any place close to putting you in a position to be able to start selling at some anticipated target price.

Surely based on the 200-WMA valuation, 2.1235 BTC would give you an ability to withdraw at around $9,600 per year, yet if you wanted to replace your income, you would need around 6x to 7x further rise in the 200-WMA.. which may take a few more years to play out.
 
Generally with bitcoin we need to accumulate a certain amount and with the passage of time before it starts to make sense to start to sell, unless you are trading rather than investing.

For example, as I continue to accumulate, I could set a target that I would not sell my Bitcoin until the next 8 years and when I backup this target with the right investment strategy, like DCAing respectively to my income capabilities and also making sure it is flexible such that I don't over invest.

O.k... having a timeline for investing makes sense, but it seems different from what you were saying previously about having a price target.  Even with my above example, it seems that even if the BTC price were to go up 6x to 10x from here, your accumulated amount of bitcoin might still not be enough to justify selling, even thugh surely any of us may well consider some value in shaving off portions of our bitcoin stash if the BTC price seems to go up too high and too quickly, so for example, even if you were to have a situation that I described above in which you had already accumulated 2.1235 BTC, and if the BTC price were to go up to $500k (6x) within 6 months or maybe $830k (10x) in 9-12 months, then it could be hard to blame you if you ended up selling some portion of your BTC stash, even though you still might not have had reached  your accumulation goals in light or the 200-WMA...

It is really difficult to describe what any other guy might do, since the guy has to account for a variety of factors that include how much BTC he had accumulated so far and various other factors related to his finances and psychology.

  You are right, it's actually too sudden for an investor to think towards price target if the person is still on their accumulation stage. I was just saying so in regards to how different investors have their pattern on handling their investment, such that they already know how many Bitcoin they want to accumulate and what they have accumulated already. I didn't know that that sounded more like the plans of traders.

In my case, I don't consider myself to have even accumulated any considerable amount of Bitcoin talk more of thinking about selling, I am not selling but would keep adding more Bitcoin to my wallet for the next unknown year to come. Like you said, 2022  was enough opportunity to have loaded up enough Bitcoin at very low price such as $15k, I was aware when the price was $15k in November 2022 but I didn't get any Bitcoin then. Even when I bought just a little of it in 2023 I still sold because of some urgent financial needs, I bought at a high price and sold lower.

I am not yet in the position to consider selling, I will sell in no known time, not anytime soon and your explanation is quite clear to me now. Looking at the example you gave, I am not even close to 1 Bitcoin yet talk more of 2.1235BTC, with how little am investing, it will take me more than 6 years to even get up to 1.5 BTC (if at all), I am not yet totally dependent on myself but soon enough I will be and when I get a job, I will also increase my, although the minimum wage here is poor but with other side hustle, I can get more to load up.

This discussion about uses chart to predict bitcoin price has reminded me of one of my college mates who even spent money to learn how to trade. All he did every day was look at the Bitcoin chart from time to time, searching for the perfect period to enter the market.The painful part is that he wasted about $5k on trading and the money he used to learn trading. Later, he regretted it when he saw that the Bitcoin price had increased to $100,000. He said to me that if he had invested in Bitcoin instead, by now he could have been in profit.Now, he has started investing again, and this time he doesn’t even care about Bitcoin’s price.

Well that's is his choice and his aim but still he doesn't want to aspect the fact that he is at loss he just don't want to give up that is good but if he applies that mind set into Bitcoin he will indeed be a successful investor.
most times having a mentor or an advisor Is good for an investor because before making a move or a decision the investor will have to ask his mentor ,and from there it now up to the investor or trader to decide on if he will take the advice or not .

Trading is totally risky and the reason why some people go into trading is because of the mindset that they can become risk just within a short period of time, they thought they can become George Soros,  but it's not that simple. Trader lose a lot of money, guys, but a holder doesn't lose a bit, all you do is hold, hold, hold until your secure enough profit as you desired. I would not engage in trading because I am not in a rush to become rich overnight.

[JayJuanGee]

[edited out]

Wow, in this age and time, are some people this daft?
How can you use a huge amount of money like that to learn trading when all he would have done with that amount of money was to buy Bitcoin and hold, by now, he would have made quite a lot of profit, and the funny thing about this is that from that time he started learning trading till now, am very sure that he hasn't made even close to what he he would have made if he invested that money then.

Or would I say that he is naive or retarded?
Because even a profitable trader wouldn't be able to be as profitable as someone that have invested in Bitcoin in the same timeframe from 10years intervals or more, this is the typical example of what ignorance and greed for quick profit does to a man , but am still surprised that he spend so much on learning something that doesn't guarantee success when a more easier and profitable option is available.

If a guy learns from his mistakes from years gone by, and he converts himself from a trader to a bitcoin investor, then I would applaud him for learning his lesson, getting out of trading and getting on the right course by getting into bitcoin investing.

It can be quite tempting to get distracted back into trading, so hopefully, he really has learned his lesson that investing into bitcoin is the better approach.

I’m constantly buying when I’m able to. In a few years the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.

You're right there's no time anymore cause in no time we should be heading towards a bearish and bullish seasons that might be favourable to the long-term investors. But irrespective of that I think some people are quite scared to do so, cause of the price fluctuations and they don't want to be in losses after the buy buy buy. I also felt same way but nevertheless I know in no time the outcome will be tremendous profits so I don't want to regrets, that's why I'm buy the little I can and accumulate.

I always felt very bad to see that there are still investors that are scared of buying Bitcoin either daily, weekly or monthly because of the price fluctuations in the market, that should not scared you, ever since i joined this thread i have understand that Bitcoin should always see as a future investment that means you allow it to accumulate in a lifetime cycle, so as an investors should always see your Bitcoin as a future investment, not going for quick making money without planning for your future.

Yes, you are right. Those who consider Bitcoin as a means of earning money do not know the nature of Bitcoin properly. Bitcoin is independent, so its market always fluctuates. Many people want to choose the market as their way of earning profit. But their money is lost again and again. Because no one can say when the Bitcoin market will be in what condition. Most of the time, ordinary people panic and sell their investments. They basically invest in Bitcoin by borrowing. And if they cannot withdraw that money before time, they will be in danger. This is why most of the time, short-term investors panic and make wrong decisions.

I want to tell them. Instead of investing by borrowing, invest with your own earned money and create a special asset for the future.

Investing with borrowed funds??? People just keep making grave mistakes over and over for no practical reason, a mentor once told me to never start a business with borrowed money since I would never if the business will work out, only to borrow when trying to expand an already established business, borrowing to invest in bitcoin is just wrong, the person is not just spending money that they shouldn't, they are spending money they don't even have, how do they plan to pay back the borrowed money??? I don't think any bank would wait for 10 years to get their money back, so in a desperate attempt to save their future, they end up mortgaging it.

In as much as you are right in your own perspective, you aren't getting the clear picture here, if someone is investing with a borrowed funds, it might be very good, only if the person is paying back in an installment manner were it will be debited from his or her paycheck either weekly or monthly, and  the interest rate must be on the lower side of it, if this are the conditions for the loan, it's too good to turn down especially when their is a dip in the market, take note that the loan can be paid back in an installment manner from your paycheck, so you probably wouldn't feel the effect especially when it's being spread out for like three to four years payment period, it's a calculated risk actually, but if this conditions are in place, it's a very good opportunity to buy a huge chunk of Bitcoin and add to your stash.
But if in all this, if the interest rate is on the high side, it's not good to take such loan because it's not in your best interest, this my own opinion though.

Everything that you said is correct Futurexxx, and I would suggest that a loan allows any of us to front load our bitcoin investment, yet we are still bearing extra costs, and it is best that we are able to pay for the loan and its terms through sources outside of our bitcoin investment.  We can calculate the extent to which the loan is worth the extra costs or not.. so that we are able to front load our bitcoin, and surely if we can get loans with fair or low financial terms and even for a period that is extended for longer periods of time, then it becomes more potential that bitcoin will be able to outperform the terms of the loan.. .there is no guarantee, so there is a risk, yet each of us should be able to decide the extent that we believe that it is better to take the loan as compared to not taking the loan...  and each of us will not necessarily come to the same conclusion.. and there is nothing wrong with having differences of opinion. . especially when there is no exact correct answer regarding the better course of action.

[edited out]

One thing for sure we should always know is that Bitcoin investment is not as the same having ownership of a business such that anyone borrowing money to invest in Bitcoin must have another secured plan of paying back that is not from his Bitcoin investment because if you borrow money to invest in Bitcoin and expect to pay back with profits you get in Bitcoin, that is pure gambling than investing , no one can be certain about the future of Bitcoin so anyone borrowing money to invest in Bitcoin should have it all planned out to pay back from another source because if you depend to pay back from what you will get from Bitcoin, you will end up messing your emotions and can even die in the process especially when Bitcoin is in dip season. Bitcoin is bond to be volatile you don't know to what extend how and when it  will go up or down Why borrowing money and think you can pay back from it? Such person will never have rest or peace of mind.

If you have the funds to pay back the loan, then getting a loan for bitcoin is not less secure than investing in a business.  Sure, the business generates income, yet if a person already has a job that generates income, then using a loan to invest into bitcoin may well be more secure than getting a loan to invest into a business that may or may not be able to generate a sufficient income to pay for your expenses plus being able to pay back the loan.  The answer is not as much as you make it to be, including your seeming assumption that investing into bitcoin with a loan is more risky than investing into a business with a loan.

[edit out]

It's just my personal preference. I already invested a good amount of my savings during the DIPs of 2019 + some small purchases in different price points during 2022 and 2023. I'm OK with waiting for the DIPs of another bear market which could be coming during 2026.

That's a mere ten months from now. Plus the strategy has already worked for me before, and it has given me less stress and anxiety.

The only time waiting for that long can be good is if you have reached a fuck you stage in your Bitcoin investment by fuck up stage I mean if you have accumulated enough Bitcoin to the extended that even if you don't work your Bitcoin investment can take care of your expenses, but if you have not Accumulated enough Bitcoin or you have not reached a fuck you stage is not advisable to wait for any dip.
I think this should be made clear like this so newbies won't believe even them who are just starting can also wait, those who are just starting or have not Accumulated enough should not wait for DIPs of another bear market because it will slow them down in there accumulation and again you can't be too sure when it will happen so I think people who should be concerned about DIPs of another bear market are those who have accumulated enough Bitcoin or have reached a fuck you stage not newbies or people who have not Accumulated enough.
[/quote]

I doubt that Wind_FURY has been able to beat a straight forward and strict DCA strategy, and he has probably also invested into bitcoin much more whimpily based on his ongoing employment of a waiting (buy the dip) strategy rather than ongoingly buying bitcoin.

Wind_FURY also claims that his being poor helps to justify his ongoing employment of buy the dip strategies rather than straight-forwardly DCAing on a regular and persistent basis.

Even with an investment of a mere $50 per week, over the past nearly 9 years, Wind_FURY could have had invested $23,150 and accumulated about 5.22 BTC.  Even if his investment amount might be different, I doubt that his buying the dip strategy has outperformed a straight forward ongoing buying strategy.

In as much as the DCA accumulating strategy is the best strategy in accumulating Bitcoin, it's not guaranteed that you will be a success in your holdings if not done the right way. You might be accumulating Bitcoin through the DCA accumulating strategy, but if you are not thinking long term like three circles or more, you wouldn't get the maximum results that should have been gotten if the Bitcoin you accumulated is not held for a very long time, because those investors that sold for minimal gains are just trading their Bitcoin nothing more, it's not an investment to me, an investment just at least last more than 10 years for it to be term as such.
So what am trying to say is that if an investor is not thinking long term, his DCA accumulating strategy is useless, because it wouldn't give him the kind of result that is expected.

Bitcoin has a price cycle that repeats itself every 4 to 5 years and if you can wait for 4 to 5 years then you will get good yield on your money. If one has patience then he should go for 10 years investment plan, like keep buying Bitcoin for 10 years in case there is no huge money or invest huge capital as lump sum and wait for 10 years. If we go back 10 years then we can see that price of Bitcoin was under 500$ in 2015 which is nothing compared to current price of Bitcoin. DCA is most liked and followed because everyone can adopt that with ease.  

It seems to me that with bitcoin there is a much better plan to supplement any lump sum buys that you do with ongoing DCA rather than just sitting around and waiting for your lump sum investment for 10 years.  Many folks are not even able to lump sum and wait around, and many times they also don't want to lump sum, but they are actually practically sometimes able to lump sum a certain amount and they might even be able to front-load their investment over a year or two so that they are mostly in after a short period of time rather than investing over a whole cycle or two.

It tends to be way more practical for a lot of people to directly invest via DCA for a cycle or two rather than lump summing or being able to front load their investment into bitcoin.

I feel like a bit of a hypocrite making these assertions, since I do consider most of my bitcoin investment to have been during my first year and then supplementing a bit more over the next year and a half, and then at that point I went more into maintenance mode rather than accumulation mode... so an overwhelming majority of my BTC accumulation was done over two years...and even most of that accumulation was more heavily weighted in my first year investing into bitcoin... but it was mostly a front loading and taking various lump sum amounts from other locations and investing those amounts in to bitcoin in a hybrid DCA kind of a way.

[edited out]

Investing with debt can be very risky for you. Because the Bitcoin market is very volatile. If you are not able to repay the loan at the right time, you may have to sell your investment and repay the loan.

If you have a stable source of income, you can build a larger portfolio by adopting the DCA method. I think that investing with debt. If you have a stable source of income, then adopting the DCA method will be a very wise thing to do. If you do not have a stable source of income, investing with debt will be nothing but foolish, I think.

You make no sense Gost ms.  You suggest that using a loan is o.k., but if you have a stable source of income then using debt is not o.k.  

The contrary is true.

A person with a stable source of income can front load his future income by taking a loan and buying bitcoin and then paying the loan from his stable source of income.  

Of course, the loan is going to have costs, so there is a risk that BTC will not outperform the expenses within the terms of his loan, but the fact that BTC might not outperform the expenses and/or terms of the loan does not mean that the person might not justify the taking of the loan and the taking of the chances that BTC will outperform the terms of his loan..

[edited out]

  You are right, it's actually too sudden for an investor to think towards price target if the person is still on their accumulation stage. I was just saying so in regards to how different investors have their pattern on handling their investment, such that they already know how many Bitcoin they want to accumulate and what they have accumulated already. I didn't know that that sounded more like the plans of traders.

In my case, I don't consider myself to have even accumulated any considerable amount of Bitcoin talk more of thinking about selling, I am not selling but would keep adding more Bitcoin to my wallet for the next unknown year to come. Like you said, 2022  was enough opportunity to have loaded up enough Bitcoin at very low price such as $15k, I was aware when the price was $15k in November 2022 but I didn't get any Bitcoin then. Even when I bought just a little of it in 2023 I still sold because of some urgent financial needs, I bought at a high price and sold lower.

I am not yet in the position to consider selling, I will sell in no known time, not anytime soon and your explanation is quite clear to me now. Looking at the example you gave, I am not even close to 1 Bitcoin yet talk more of 2.1235BTC, with how little am investing, it will take me more than 6 years to even get up to 1.5 BTC (if at all), I am not yet totally dependent on myself but soon enough I will be and when I get a job, I will also increase my, although the minimum wage here is poor but with other side hustle, I can get more to load up.

A lot of things can happen when you are young, and cashflow can become difficult.  When I initially left home I was not going to go to college, yet after some time, it become something that I was more interested in, even though I wasn't really thinking so much about the money-making aspects of college attendance, even though in the end, I was able to achieve way higher paid employment (and more fulfilling kinds of work) by attending college as compared to if I had not attended college.

What I am trying to say is that sometimes it might not be economical to go straight into working - and of course, a lot depends on your various options and interests, in the event that you are able to get into colleges in your country (or even some technical training schools)...and if that might improve your job and/or income prospects.

[Sonia_123]

You still seem to be contradicting yourself, since you seem to be claiming that there is some value in having some kind of a target price, and sure I am not completely opposed to the idea, but to me it still seems to be problematic for guys to be thinking in terms of target price prior to their reaching some kind of a accumulation that helps their target price to make sense, but in the abstract if a guy starts to think in terms of target prices while he might still be in his accumulation phase, then you are sounding like a trader.

Even in your case, you have been registered on the forum for less than 3 years, and so do you consider that you have accumulated enough bitcoin to start to employ sales strategies rather than ongoingly considerig buying at least for a couple more years? 

Sure the last 3 years have been quite good for anyone accumulating bitcoin, especially if they had been able to front load their investment during mid-to-late 2022 or even into much of 2023 while BTC prices were largely under $30k for most of 2023.

But if you ended up starting out whimpy in your bitcoin investment and not able to front load, it then I really doubt that you are in a good position to be considering selling techniques rather than just continuing to buy through this cycle and perhaps into the next.

Let's say that you had been somewhat able to invest aggressively into bitcoin over the past nearly three years, and let's say for example you had an income of around $5k per month (which is $60k per year), and since July 2022 you were able to invest around $500 per week into bitcoin, and so then after nearly three of investing, you would have invested $72k and you would have had accumulated about 2.1235 BTC.  Surely not a bad place to be, yet I doubt it is a place that is any place close to putting you in a position to be able to start selling at some anticipated target price.

Surely based on the 200-WMA valuation, 2.1235 BTC would give you an ability to withdraw at around $9,600 per year, yet if you wanted to replace your income, you would need around 6x to 7x further rise in the 200-WMA.. which may take a few more years to play out.
 
Generally with bitcoin we need to accumulate a certain amount and with the passage of time before it starts to make sense to start to sell, unless you are trading rather than investing.

For example, as I continue to accumulate, I could set a target that I would not sell my Bitcoin until the next 8 years and when I backup this target with the right investment strategy, like DCAing respectively to my income capabilities and also making sure it is flexible such that I don't over invest.

O.k... having a timeline for investing makes sense, but it seems different from what you were saying previously about having a price target.  Even with my above example, it seems that even if the BTC price were to go up 6x to 10x from here, your accumulated amount of bitcoin might still not be enough to justify selling, even thugh surely any of us may well consider some value in shaving off portions of our bitcoin stash if the BTC price seems to go up too high and too quickly, so for example, even if you were to have a situation that I described above in which you had already accumulated 2.1235 BTC, and if the BTC price were to go up to $500k (6x) within 6 months or maybe $830k (10x) in 9-12 months, then it could be hard to blame you if you ended up selling some portion of your BTC stash, even though you still might not have had reached  your accumulation goals in light or the 200-WMA...

It is really difficult to describe what any other guy might do, since the guy has to account for a variety of factors that include how much BTC he had accumulated so far and various other factors related to his finances and psychology.

  You are right, it's actually too sudden for an investor to think towards price target if the person is still on their accumulation stage. I was just saying so in regards to how different investors have their pattern on handling their investment, such that they already know how many Bitcoin they want to accumulate and what they have accumulated already. I didn't know that that sounded more like the plans of traders.

In my case, I don't consider myself to have even accumulated any considerable amount of Bitcoin talk more of thinking about selling, I am not selling but would keep adding more Bitcoin to my wallet for the next unknown year to come. Like you said, 2022  was enough opportunity to have loaded up enough Bitcoin at very low price such as $15k, I was aware when the price was $15k in November 2022 but I didn't get any Bitcoin then. Even when I bought just a little of it in 2023 I still sold because of some urgent financial needs, I bought at a high price and sold lower.

I am not yet in the position to consider selling, I will sell in no known time, not anytime soon and your explanation is quite clear to me now. Looking at the example you gave, I am not even close to 1 Bitcoin yet talk more of 2.1235BTC, with how little am investing, it will take me more than 6 years to even get up to 1.5 BTC (if at all), I am not yet totally dependent on myself but soon enough I will be and when I get a job, I will also increase my, although the minimum wage here is poor but with other side hustle, I can get more to load up.

This discussion about uses chart to predict bitcoin price has reminded me of one of my college mates who even spent money to learn how to trade. All he did every day was look at the Bitcoin chart from time to time, searching for the perfect period to enter the market.The painful part is that he wasted about $5k on trading and the money he used to learn trading. Later, he regretted it when he saw that the Bitcoin price had increased to $100,000. He said to me that if he had invested in Bitcoin instead, by now he could have been in profit.Now, he has started investing again, and this time he doesn’t even care about Bitcoin’s price.

Well that's is his choice and his aim but still he doesn't want to aspect the fact that he is at loss he just don't want to give up that is good but if he applies that mind set into Bitcoin he will indeed be a successful investor.
most times having a mentor or an advisor Is good for an investor because before making a move or a decision the investor will have to ask his mentor ,and from there it now up to the investor or trader to decide on if he will take the advice or not .

Trading is totally risky and the reason why some people go into trading is because of the mindset that they can become risk just within a short period of time, they thought they can become George Soros,  but it's not that simple. Trader lose a lot of money, guys, but a holder doesn't lose a bit, all you do is hold, hold, hold until your secure enough profit as you desired. I would not engage in trading because I am not in a rush to become rich overnight.

Not only being quickly rich, traders reason but also, they feel trading is less risky than investing on Bitcoin, they feel they can quickly cash out at anytime because they don't know what the price of Bitcoin will be in the next minute so that they should not be at loss, the fear of them losing a bit of their money is what they dont want to experience, getting quick wealth can also lead to quick poverty, they have failed to understand that investing in Bitcoin is preferable than trading because it is less risky, whatever happens in the market an investor is so relaxed because he knows he is HODL for long-term of about 4-10 years which no matter how the price of Bitcoin goes up and down, at the end he will be more profitable than a trader .

[WhoYouCantKill]

In as much as the DCA accumulating strategy is the best strategy in accumulating Bitcoin, it's not guaranteed that you will be a success in your holdings if not done the right way. You might be accumulating Bitcoin through the DCA accumulating strategy, but if you are not thinking long term like three circles or more, you wouldn't get the maximum results that should have been gotten if the Bitcoin you accumulated is not held for a very long time, because those investors that sold for minimal gains are just trading their Bitcoin nothing more, it's not an investment to me, an investment just at least last more than 10 years for it to be term as such.
So what am trying to say is that if an investor is not thinking long term, his DCA accumulating strategy is useless, because it wouldn't give him the kind of result that is expected.

Bitcoin has a price cycle that repeats itself every 4 to 5 years and if you can wait for 4 to 5 years then you will get good yield on your money. If one has patience then he should go for 10 years investment plan, like keep buying Bitcoin for 10 years in case there is no huge money or invest huge capital as lump sum and wait for 10 years. If we go back 10 years then we can see that price of Bitcoin was under 500$ in 2015 which is nothing compared to current price of Bitcoin. DCA is most liked and followed because everyone can adopt that with ease.  

It seems to me that with bitcoin there is a much better plan to supplement any lump sum buys that you do with ongoing DCA rather than just sitting around and waiting for your lump sum investment for 10 years.  Many folks are not even able to lump sum and wait around, and many times they also don't want to lump sum, but they are actually practically sometimes able to lump sum a certain amount and they might even be able to front-load their investment over a year or two so that they are mostly in after a short period of time rather than investing over a whole cycle or two.

It tends to be way more practical for a lot of people to directly invest via DCA for a cycle or two rather than lump summing or being able to front load their investment into bitcoin.

I feel like a bit of a hypocrite making these assertions, since I do consider most of my bitcoin investment to have been during my first year and then supplementing a bit more over the next year and a half, and then at that point I went more into maintenance mode rather than accumulation mode... so an overwhelming majority of my BTC accumulation was done over two years...and even most of that accumulation was more heavily weighted in my first year investing into bitcoin... but it was mostly a front loading and taking various lump sum amounts from other locations and investing those amounts in to bitcoin in a hybrid DCA kind of a way.

I’m 100% with you on this one. DCA can indeed be a very great and solid way to use when building your Bitcoin portfolio, especially for those who do not have the resources and funds available to lump sum. And if we are to really think about the whole thing, it can be a bit of a snooze fest to wait around for as long as 10 years without having to add anything else to your investment.

I love that you’re being very honest with sharing your own personal experience. Sounds like you front loaded your investment in the first year of your investment and then gradually supplemented it over the next few years. I think that’s a pretty cool way of explaining how the DCA strategy actually works in the real world. It’s not just about investing a fixed amount of money at a regular interval but it’s also about taking advantage of certain opportunities to add more to your existing portfolio whenever you get the chance to.

The hybrid approach you described, where you may wanna combine the lump sum strategy with the DCA strategy is also very spot on, it’s like a pretty great way to increase the pace of your accumulation and close in on your targets faster. In the long run, it’s still all about finding and identifying the strategy that suits pretty well with your financial goals and also aligns well enough with your current financial situation and state.

[JayJuanGee]

In as much as the DCA accumulating strategy is the best strategy in accumulating Bitcoin, it's not guaranteed that you will be a success in your holdings if not done the right way. You might be accumulating Bitcoin through the DCA accumulating strategy, but if you are not thinking long term like three circles or more, you wouldn't get the maximum results that should have been gotten if the Bitcoin you accumulated is not held for a very long time, because those investors that sold for minimal gains are just trading their Bitcoin nothing more, it's not an investment to me, an investment just at least last more than 10 years for it to be term as such.
So what am trying to say is that if an investor is not thinking long term, his DCA accumulating strategy is useless, because it wouldn't give him the kind of result that is expected.

Bitcoin has a price cycle that repeats itself every 4 to 5 years and if you can wait for 4 to 5 years then you will get good yield on your money. If one has patience then he should go for 10 years investment plan, like keep buying Bitcoin for 10 years in case there is no huge money or invest huge capital as lump sum and wait for 10 years. If we go back 10 years then we can see that price of Bitcoin was under 500$ in 2015 which is nothing compared to current price of Bitcoin. DCA is most liked and followed because everyone can adopt that with ease.  

It seems to me that with bitcoin there is a much better plan to supplement any lump sum buys that you do with ongoing DCA rather than just sitting around and waiting for your lump sum investment for 10 years.  Many folks are not even able to lump sum and wait around, and many times they also don't want to lump sum, but they are actually practically sometimes able to lump sum a certain amount and they might even be able to front-load their investment over a year or two so that they are mostly in after a short period of time rather than investing over a whole cycle or two.

It tends to be way more practical for a lot of people to directly invest via DCA for a cycle or two rather than lump summing or being able to front load their investment into bitcoin.

I feel like a bit of a hypocrite making these assertions, since I do consider most of my bitcoin investment to have been during my first year and then supplementing a bit more over the next year and a half, and then at that point I went more into maintenance mode rather than accumulation mode... so an overwhelming majority of my BTC accumulation was done over two years...and even most of that accumulation was more heavily weighted in my first year investing into bitcoin... but it was mostly a front loading and taking various lump sum amounts from other locations and investing those amounts in to bitcoin in a hybrid DCA kind of a way.

I’m 100% with you on this one. DCA can indeed be a very great and solid way to use when building your Bitcoin portfolio, especially for those who do not have the resources and funds available to lump sum. And if we are to really think about the whole thing, it can be a bit of a snooze fest to wait around for as long as 10 years without having to add anything else to your investment.

I love that you’re being very honest with sharing your own personal experience. Sounds like you front loaded your investment in the first year of your investment and then gradually supplemented it over the next few years. I think that’s a pretty cool way of explaining how the DCA strategy actually works in the real world. It’s not just about investing a fixed amount of money at a regular interval but it’s also about taking advantage of certain opportunities to add more to your existing portfolio whenever you get the chance to.

The hybrid approach you described, where you may wanna combine the lump sum strategy with the DCA strategy is also very spot on, it’s like a pretty great way to increase the pace of your accumulation and close in on your targets faster. In the long run, it’s still all about finding and identifying the strategy that suits pretty well with your financial goals and also aligns well enough with your current financial situation and state.

For sure I likely paid too much for my BTC, since I started out buying BTC at the top of the 2013 market when BTC prices were $1,200.. and then I did most of my buying in 2014, so my average cost per BTC was close to $600 by the end of 2014, but the BTC prices dropped down to the lower $200s by the end of the year and spent most of 2015 in the mid-$200s, so my holdings were in the negative for most of 2015, yet as I kept buying bitcoin in 2015, I got my average cost per bitcoin down below $500.. but I made some other mistakes along the way, so currently, I like to say that my average cost is around $1k.

[WhoYouCantKill]

In as much as the DCA accumulating strategy is the best strategy in accumulating Bitcoin, it's not guaranteed that you will be a success in your holdings if not done the right way. You might be accumulating Bitcoin through the DCA accumulating strategy, but if you are not thinking long term like three circles or more, you wouldn't get the maximum results that should have been gotten if the Bitcoin you accumulated is not held for a very long time, because those investors that sold for minimal gains are just trading their Bitcoin nothing more, it's not an investment to me, an investment just at least last more than 10 years for it to be term as such.
So what am trying to say is that if an investor is not thinking long term, his DCA accumulating strategy is useless, because it wouldn't give him the kind of result that is expected.

Bitcoin has a price cycle that repeats itself every 4 to 5 years and if you can wait for 4 to 5 years then you will get good yield on your money. If one has patience then he should go for 10 years investment plan, like keep buying Bitcoin for 10 years in case there is no huge money or invest huge capital as lump sum and wait for 10 years. If we go back 10 years then we can see that price of Bitcoin was under 500$ in 2015 which is nothing compared to current price of Bitcoin. DCA is most liked and followed because everyone can adopt that with ease.  

It seems to me that with bitcoin there is a much better plan to supplement any lump sum buys that you do with ongoing DCA rather than just sitting around and waiting for your lump sum investment for 10 years.  Many folks are not even able to lump sum and wait around, and many times they also don't want to lump sum, but they are actually practically sometimes able to lump sum a certain amount and they might even be able to front-load their investment over a year or two so that they are mostly in after a short period of time rather than investing over a whole cycle or two.

It tends to be way more practical for a lot of people to directly invest via DCA for a cycle or two rather than lump summing or being able to front load their investment into bitcoin.

I feel like a bit of a hypocrite making these assertions, since I do consider most of my bitcoin investment to have been during my first year and then supplementing a bit more over the next year and a half, and then at that point I went more into maintenance mode rather than accumulation mode... so an overwhelming majority of my BTC accumulation was done over two years...and even most of that accumulation was more heavily weighted in my first year investing into bitcoin... but it was mostly a front loading and taking various lump sum amounts from other locations and investing those amounts in to bitcoin in a hybrid DCA kind of a way.

✂️✂️✂️✂️

For sure I likely paid too much for my BTC, since I started out buying BTC at the top of the 2013 market when BTC prices were $1,200.. and then I did most of my buying in 2014, so my average cost per BTC was close to $600 by the end of 2014, but the BTC prices dropped down to the lower $200s by the end of the year and spent most of 2015 in the mid-$200s, so my holdings were in the negative for most of 2015, yet as I kept buying bitcoin in 2015, I got my average cost per bitcoin down below $500.. but I made some other mistakes along the way, so currently, I like to say that my average cost is around $1k.

Man, you’re a true Bitcoin Veteran I must confess. Buying Bitcoin at $1,200 in 2013 and averaging down in 2014 and 2015… now that’s really something and it takes some serious conviction.

I can only imagine how difficult it must have been watching your Bitcoin holdings taking a serious hit in 2015, but it’s pretty commendable that you kept calm and focused on your consistent DCAing, I must say, not every Bitcoin investor can do that. And I must say that it was also a very commendable move, getting your average cost down below $500.

And Hey, mistake happens all the time right? And it’s pretty much part of the learning process. $1k average cost might not be considered to be the lowest, but when you think about it, it kinda serves as a pretty great reminder how much of a long term game investing in Bitcoin really is right?

[ZeroVinsonN]

Not only being quickly rich, traders reason but also, they feel trading is less risky than investing on Bitcoin, they feel they can quickly cash out at anytime because they don't know what the price of Bitcoin will be in the next minute so that they should not be at loss, the fear of them losing a bit of their money is what they dont want to experience, getting quick wealth can also lead to quick poverty, they have failed to understand that investing in Bitcoin is preferable than trading because it is less risky, whatever happens in the market an investor is so relaxed because he knows he is HODL for long-term of about 4-10 years which no matter how the price of Bitcoin goes up and down, at the end he will be more profitable than a trader .

This is exactly how trader think, 100% of the time, they feel that thr longer their money is in an investment, the higher their chance of losing it, so instead of going into long term investments, they go for short term trading with hopes of cashing out early, most trader go into tradieto feel among, their peers are on a relatively good amount of cash and they believe trading evens the playing field for them, they believe it gives them the chance to catch up to their peers so they put their money into trading rather than investing it, they fail to realize that in their attempt to make quick cash they end up losing greater opportunity.

[coinlary]

If you are having other sources of income then you can use that to pay back your loan, and the bitcoin which you are having in your wallet becomes your own, but most people investing in bitcoin do think bitcoin price will have increased before due date to pay back their loan, but things don’t really go like that.

Yeah , the profit shouldn't be the main dependant of payback, there could be even  more opportunity to buy the DIP. I don't really buy the idea of taking a loan to invest  in BTC , although there isn't anything wrong with it if there's always an assured means and source of paying back but with DCA I don't think worrying that much is really necessary and yeah it could depend on the intervals on how individual carry out their DCA, yet it is still possible to  cover DIP with relatively smaller intervals such as a week.

Bitcoin, after declining from over $100k to the $90-93k range, provides a good example. Let's say an investor took out a loan to invest within that range, expecting a rapid price increase.
Currently, they'd likely be focused solely on repaying the loan, missing a even more better opportunity to buying the dip. If they had used Dollar-Cost Averaging (DCA) instead, they could be taking advantage of the current opportunity to buy more Bitcoin, while also being debt-free.
At the same time, it could workout for them  but DCA doesn't fail by any chance.

[Nightwatchmare]

The only way to achieve success through long-term investment here is by following the DCA method, if you want to invest, then you will definitely be able to maintain your investment for a long time by following the DCA method.

This line of yours seems very confusing to me. Do you mean that those who do not invest in the DCA strategy and invest in other strategies cannot succeed? Or is DCA the only investment strategy through which one can succeed in investing? This part of your sentence gives rise to some questions like this.

We have no room for praise for the DCA strategy, and yes, this praise is logical. But you seem to praise it too much. We often forget that investment strategies cannot make you a successful investor, but they can make your path to success easier. Even if the path is easy, you have to have the ability to walk that path. So the essence of my quote is that even though DCA makes your investment path easier, it does not guarantee success. Like other strategies, to succeed in DCA, you have to be long-term and achieve goals. If you cannot achieve your goals and succeed in the long term even after doing DCA, then you are a failed investor.

I understand your point and you are right what makes us successful in our Bitcoin investment is not just the strategy we use but our patience, consistency and determination to succeed in it, you all will agree with me that some set of people have used the DCA strategy and still failed along the line and some have used it and they became successful, like wise other Bitcoin investment strategy, everyone has a particular Bitcoin investment strategy that he or she will always be comfortable with but even with your comfort with that particular strategy without consistency, patience and determination you will still fail, some people forget this at times however we still can't say strategy is not part of the things that can make you successful in your Bitcoin journey it is and that is why you need to choose a strategy you are comfortable with a strategy that will help you succeed, if you choose a strategy that will not give you comfort and make you succeed then you will fail meaning strategy also is important in you succeeding but don't forget is just a road to succeed your consistency, patience and determination will make you walk till the end of the road.

From my observation and understanding, using the DCA strategy, lump sum strategy, and buy the dip strategy doesn't ensure success in bitcoin investment; they are strategies for accumulating bitcoin, so people should not be convinced they will confidently succeed in bitcoin investment if they use any of these strategies. Succeeding in Bitcoin investment absolutely depends on having steady income, discretionary income and how disciplined you are in continually accumulating Bitcoin with your discretionary income and increasing the size of your Bitcoin with the passage of time.

[Wind_FURY]

I am getting dip as I type this my next move is to acquire dip.

I sell old gear on ebay and put some into dip buys.

I mine and dca hodl that coin.


dip: just purchased.

tomorrow my mining dca kicks in

monthly  number for march in mining dca will be over 0.01 btc

Ser, that's a very good example of how to get more fiat to buy the more valuable asset that appreciates in value.

I have an old car that I don't drive anymore, which has some sentimental value to me. It might be the right time to find a buyer during the current DIP! I also have my old computer, laptop, old skiing equipment, old snowboards that were given to me by my brothers

Selling off depreciating assets like all that you made mentioned is actually a logical thing to do, because it might surprise you that you may raise a very good amount of money from it, which might be very instrumental in buying more Bitcoin now that their is a dip in the market, though I don't actually know how quickly selling off those depreciating assets can be done, but the earlier the better.
 

I will start selling them now, then wait for the next bear market to bid Bitcoin.

sir, is their any point waiting for the next bear market setting in?
Because right now The price of Bitcoin is already down and very cheap compared to how much it can skyrocket to in the future, so why not act once the funds is available?
Do not forget that by waiting you might miss this dip opportunity that is present now, because the price of Bitcoin might decide to start appreciating from here than going down further, so it would be very good that you  buy once the funds is available, than waiting for it to dip further.

It's just my personal preference. I already invested a good amount of my savings during the DIPs of 2019 + some small purchases in different price points during 2022 and 2023. I'm OK with waiting for the DIPs of another bear market which could be coming during 2026.

That's a mere ten months from now. Plus the strategy has already worked for me before, and it has given me less stress and anxiety.

The only time waiting for that long can be good is if you have reached a fuck you stage in your Bitcoin investment by fuck up stage I mean if you have accumulated enough Bitcoin to the extended that even if you don't work your Bitcoin investment can take care of your expenses, but if you have not Accumulated enough Bitcoin or you have not reached a fuck you stage is not advisable to wait for any dip.

During 2019, I purchased Bitcoin with most of my savings and I thought I already had enough. But when you log in to a forum everyday that only talks about Bitcoin, you are sort of making yourself accumulate MORE.

That's what I did during 2022 and 2023.

Next accumulation, perhaps 2026?

I think this should be made clear like this so newbies won't believe even them who are just starting can also wait, those who are just starting or have not Accumulated enough should not wait for DIPs of another bear market because it will slow them down in there accumulation and again you can't be too sure when it will happen so I think people who should be concerned about DIPs of another bear market are those who have accumulated enough Bitcoin or have reached a fuck you stage not newbies or people who have not Accumulated enough.

It's a matter for personal preference. I like to buy DIPs during a bear market when the price is near, is touching, or under the 200 Simple Moving Average of the weekly chart. But newbies can DCA if they personally believe it's right for them.

[hero_the_bossman]

This is exactly how trader think, 100% of the time, they feel that thr longer their money is in an investment, the higher their chance of losing it, so instead of going into long term investments, they go for short term trading with hopes of cashing out early, most trader go into tradieto feel among, their peers are on a relatively good amount of cash and they believe trading evens the playing field for them, they believe it gives them the chance to catch up to their peers so they put their money into trading rather than investing it, they fail to realize that in their attempt to make quick cash they end up losing greater opportunity.

And sometimes, such way of things bites them up from behind.

But sure, the potential in trading is there, but not much stability for going down such a path, which I would prefer instead all the time.

[MainIbem]

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Personally I don't support the idea of someone borrowing to invest in Bitcoin, I totally discourage such mindset, Bitcoin is not like other investment so it won't be nice for anyone to borrow to invest in Bitcoin, it isn't right for me, mate there are some investment we can actually borrow to invest in but not Bitcoin unless an investor has a good source of income he or she can lay hands on later to pay up the loan just as you said but whats they need of even doing that, instead of borrowing when you have other source to pay back, why not use that same source to keep investing slowly consistently, I don't support borrowing to invest in Bitcoin, Bitcoin investment should be done in such a way that an investor wouldn't put him or herself in an unnecessary pressure that's capable of making his BP to rise, since we understand and know that we can actually invest in Bitcoin with what we can afford temporarily and increase our level of investment when your income comes up, I don't see any need of doing otherwise for no just cause when we can do things gradually,steadily and relaxed without being bothered.

I wonder how people would be so desperate to the point that they'll take loans to embark on a long-term investment, one shouldn't even take loans to risk on coin with short-term gains talk more of investing on a coin that involves the future, either ways the person would end up being in debt and we all know that it comes it embarrassments most times, when the debt is due for Payment and the person can't meet up paying, of course they'll never meet up paying on time and that's the first thing one should consider before making such decisions since Bitcoin investment is something that involves holding for the future. I don't support that idea as well and I feel people who do that are those with a trader mentality cause they won't say they're not aware that Bitcoin investment is for the future, so why take loans to invest of something you'll hold for long-term before making good profits, expect they're only investing for short-term gains like buying during the dip to take profit went it pumps which is definitely a traders mentality.

[Justbillywitt]

Investing with borrowed funds??? People just keep making grave mistakes over and over for no practical reason, a mentor once told me to never start a business with borrowed money since I would never if the business will work out, only to borrow when trying to expand an already established business, borrowing to invest in bitcoin is just wrong, the person is not just spending money that they shouldn't, they are spending money they don't even have, how do they plan to pay back the borrowed money??? I don't think any bank would wait for 10 years to get their money back, so in a desperate attempt to save their future, they end up mortgaging it.

In as much as you are right in your own perspective, you aren't getting the clear picture here, if someone is investing with a borrowed funds, it might be very good, only if the person is paying back in an installment manner were it will be debited from his or her paycheck either weekly or monthly, and  the interest rate must be on the lower side of it, if this are the conditions for the loan, it's too good to turn down especially when their is a dip in the market, take note that the loan can be paid back in an installment manner from your paycheck, so you probably wouldn't feel the effect especially when it's being spread out for like three to four years payment period, it's a calculated risk actually, but if this conditions are in place, it's a very good opportunity to buy a huge chunk of Bitcoin and add to your stash.
But if in all this, if the interest rate is on the high side, it's not good to take such loan because it's not in your best interest, this my own opinion though.

One thing for sure we should always know is that Bitcoin investment is not as the same having ownership of a business such that anyone borrowing money to invest in Bitcoin must have another secured plan of paying back that is not from his Bitcoin investment because if you borrow money to invest in Bitcoin and expect to pay back with profits you get in Bitcoin, that is pure gambling than investing , no one can be certain about the future of Bitcoin so anyone borrowing money to invest in Bitcoin should have it all planned out to pay back from another source because if you depend to pay back from what you will get from Bitcoin, you will end up messing your emotions and can even die in the process especially when Bitcoin is in dip season. Bitcoin is bond to be volatile you don't know to what extend how and when it  will go up or down Why borrowing money and think you can pay back from it? Such person will never have rest or peace of mind.

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Everything you said is very valid, provided that the person borrowing the money is certain of his job security, while borrowing money and spreading the repayment to the desired number of years. The borrower should be sure of his job security, in a situation where such person is an employee. When I say job security, I mean he is sure that for that number of years that his loan is going to run he's not going to be sacked from his job or the company he's working with is not going to fold. Because if any of these happens it's going to be a problem on his side. My advice to anyone who is thinking of undertaking such adventure, is to consider their job security seriously before making their final decision. But if they are certain their job is going to last longer than the period that the loan is going to run, they can go ahead and take the loan.

[POPOLUV]

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Personally I don't support the idea of someone borrowing to invest in Bitcoin, I totally discourage such mindset, Bitcoin is not like other investment so it won't be nice for anyone to borrow to invest in Bitcoin, it isn't right for me, mate there are some investment we can actually borrow to invest in but not Bitcoin unless an investor has a good source of income he or she can lay hands on later to pay up the loan just as you said but whats they need of even doing that, instead of borrowing when you have other source to pay back, why not use that same source to keep investing slowly consistently, I don't support borrowing to invest in Bitcoin, Bitcoin investment should be done in such a way that an investor wouldn't put him or herself in an unnecessary pressure that's capable of making his BP to rise, since we understand and know that we can actually invest in Bitcoin with what we can afford temporarily and increase our level of investment when your income comes up, I don't see any need of doing otherwise for no just cause when we can do things gradually,steadily and relaxed without being bothered.

I wonder how people would be so desperate to the point that they'll take loans to embark on a long-term investment, one shouldn't even take loans to risk on coin with short-term gains talk more of investing on a coin that involves the future, either ways the person would end up being in debt and we all know that it comes it embarrassments most times, when the debt is due for Payment and the person can't meet up paying, of course they'll never meet up paying on time and that's the first thing one should consider before making such decisions since Bitcoin investment is something that involves holding for the future. I don't support that idea as well and I feel people who do that are those with a trader mentality cause they won't say they're not aware that Bitcoin investment is for the future, so why take loans to invest of something you'll hold for long-term before making good profits, expect they're only investing for short-term gains like buying during the dip to take profit went it pumps which is definitely a traders mentality.

I agreed with you on this because i have not seen a loan that someone can take more than a year without paying or remiting back to the organization or you will pay at once, so taken loan will surely make you to be monitoring when Bitcoin have go high for he to trade immediately in order to meet the loan, so with such loan an investor can never practice long term investment, on my own taken loan for investment is not the best option here, since Bitcoin is what will take a longer time for the dip to happen.

[Futurexxx]

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Personally I don't support the idea of someone borrowing to invest in Bitcoin, I totally discourage such mindset, Bitcoin is not like other investment so it won't be nice for anyone to borrow to invest in Bitcoin, it isn't right for me, mate there are some investment we can actually borrow to invest in but not Bitcoin unless an investor has a good source of income he or she can lay hands on later to pay up the loan just as you said but whats they need of even doing that, instead of borrowing when you have other source to pay back, why not use that same source to keep investing slowly consistently, I don't support borrowing to invest in Bitcoin, Bitcoin investment should be done in such a way that an investor wouldn't put him or herself in an unnecessary pressure that's capable of making his BP to rise, since we understand and know that we can actually invest in Bitcoin with what we can afford temporarily and increase our level of investment when your income comes up, I don't see any need of doing otherwise for no just cause when we can do things gradually,steadily and relaxed without being bothered.

I wonder how people would be so desperate to the point that they'll take loans to embark on a long-term investment, one shouldn't even take loans to risk on coin with short-term gains talk more of investing on a coin that involves the future, either ways the person would end up being in debt and we all know that it comes it embarrassments most times, when the debt is due for Payment and the person can't meet up paying, of course they'll never meet up paying on time and that's the first thing one should consider before making such decisions since Bitcoin investment is something that involves holding for the future. I don't support that idea as well and I feel people who do that are those with a trader mentality cause they won't say they're not aware that Bitcoin investment is for the future, so why take loans to invest of something you'll hold for long-term before making good profits, expect they're only investing for short-term gains like buying during the dip to take profit went it pumps which is definitely a traders mentality.

Brotherly, it's not about desperation, this is more of being financially smart, their is nothing to be desperate about here, first of all, kill that notion that you will be paying the loan back from your Bitcoin holdings.
You will first of all look at the terms and conditions of the loan, if it's a flexible loan where you pay back through installment plan, and it's being spread across three to five years interval it's very good.
Furthermore, if the interest rate is on the lower side, it's a very good deal because that loan can easily be payed back from your paycheck once it comes either weekly or monthly, and with the huge amount of money borrowed you can easily buy a huge chunk of Bitcoin at once, what will even make it more juicy is if their is a dip then, because I am quite positive that Bitcoin will definitely outperform any interest rate attached to that loan on the longer run as long as it's on the lower side of it.

So what am trying to say is that if the condition of the loan is just as I explained it in the first paragraph, it's a very good opportunity we should be seizing, anything contrary should not be considered, this is my own opinion though.

[Tmoonz]

This is just the end point of it, when using a borrowed money to invest in Bitcoin you don't plan on paying back from the profit you make from your holdings, you pay back from another source, that's why I made it very clearly that if the loan is being payed back installmentally from your paycheck it's quite cool, especially if the interest is on the lower side and it's spread out across three to five years payment, but if the interest is high and you planned on paying it back from your holdings, it's a no no in my own opinion, because it's a terrible mistake to be making in this age and time.

Personally I don't support the idea of someone borrowing to invest in Bitcoin, I totally discourage such mindset, Bitcoin is not like other investment so it won't be nice for anyone to borrow to invest in Bitcoin, it isn't right for me, mate there are some investment we can actually borrow to invest in but not Bitcoin unless an investor has a good source of income he or she can lay hands on later to pay up the loan just as you said but whats they need of even doing that, instead of borrowing when you have other source to pay back, why not use that same source to keep investing slowly consistently, I don't support borrowing to invest in Bitcoin, Bitcoin investment should be done in such a way that an investor wouldn't put him or herself in an unnecessary pressure that's capable of making his BP to rise, since we understand and know that we can actually invest in Bitcoin with what we can afford temporarily and increase our level of investment when your income comes up, I don't see any need of doing otherwise for no just cause when we can do things gradually,steadily and relaxed without being bothered.

I wonder how people would be so desperate to the point that they'll take loans to embark on a long-term investment, one shouldn't even take loans to risk on coin with short-term gains talk more of investing on a coin that involves the future, either ways the person would end up being in debt and we all know that it comes it embarrassments most times, when the debt is due for Payment and the person can't meet up paying, of course they'll never meet up paying on time and that's the first thing one should consider before making such decisions since Bitcoin investment is something that involves holding for the future. I don't support that idea as well and I feel people who do that are those with a trader mentality cause they won't say they're not aware that Bitcoin investment is for the future, so why take loans to invest of something you'll hold for long-term before making good profits, expect they're only investing for short-term gains like buying during the dip to take profit went it pumps which is definitely a traders mentality.

I agreed with you on this because i have not seen a loan that someone can take more than a year without paying or remiting back to the organization or you will pay at once, so taken loan will surely make you to be monitoring when Bitcoin have go high for he to trade immediately in order to meet the loan, so with such loan an investor can never practice long term investment, on my own taken loan for investment is not the best option here, since Bitcoin is what will take a longer time for the dip to happen.

This issue of taking loan to invest in Bitcoin has really been discussed several times and to me i found a fair justification and consideration in most of the discussions which implies that if the demands, terms and conditions of repaying the loan can be handle outside of our Bitcoin investment which should be first determined by our general and personal circumstances and in view of time and seasons for a proper evaluation before taking such decision, if all this has been carried and confirmed to be ok then taken a loan to invest Bitcoin shouldn't be a problem for me, because am already aware of the risk and precautions has been taken prior to time.