Buy the DIP, and HODL!

[As-Soon-As]

we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.

[Nheer]

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

I believe people who are waiting to buy the dip are short term investors (more like traders) who are only after profit so they believe buying cheap and selling after a little price movement is the best way.

Buying the dips proves to be a little more challenging than when you accumulate at regular intervals using DCA. Buying at dips makes you to always be on the market charts which can be stresful, also buying the dips comes with some risk, you might buy in thinking it's the bottom but it's not and the price might keep droppin. Waiting for dips can also make you to misout on some great opportunities to gain from the market while waiting for the right time to invest.
A long term approach and focusing on consistent investing is the best as DCA promote consistent investing.

If anyone has a stable source of income and plans his finances according to his stable income, he invests continuously and cares less about his stash. The problem is that some people see bitcoin as a main source of income which is why they result to Trading bitcoin.

It's inappropriate to rely on your Bitcoin investment as a source of income, if you do there is no way your investment goals will be achieved. It's best to have a source of income different from your investment to feed on that way you won't depend on your investment and can hold for as long as you should helping you achieve your goals.

[Joy- maker]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

those people who are waiting for the dip before buying are approaching bitcoin the wrong way, especially if they are just getting started with bitcoin. Though I don't really blame them most times because they really lack knowledge and understanding about bitcoin, because if they really have knowledge and understanding about bitcoin they will get started as soon as possible using the DCA method to start accumulating bitcoin and hold for long term 5 to 10 years or longer.

[Gost ms]

we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.

The main purpose of each person's investment may be different. Many people invest so that when they are no longer able to work in their old age, they can live with some money from their investment, again many people invest to buy a car, etc. I think the main purpose of each person's investment may be different.

By adopting the DCA method, we can make our investment consistent, such as we can buy every week or month. Through the DCA method, we can buy almost all the prices. And if you continue to buy continuously, you will reach your investment target level very quickly. Waiting to buy DIP is never the right method. If you want, you can buy continuously by adopting the DCA method and when the market falls, you can buy DIP.

[Jostern]

[edited out]

I'll say it's quite refreshing to see a focus on cash flow management and personal income as a means of supporting Bitcoin accumulation. It's very essential to acknowledge the fact that previous performances doesn't always guarantee future results (as some investors might think). Rather than wallowing in regrets of your past experiences, it'll be much more profitable to let go off the past and start afresh, because each day is an opportunity to strive for something greater and it should be treated as such to improve cash flow management as well as Bitcoin accumulation practice.

Even if we are not wallowing in our past errors, we need to be attempting to learn from them - which people tend to continue to make similar mistakes as they had made in the past, even when they believe that they are improving in their practices and their approach to investing and/or in cashflow management.

It surely can be difficult to build better practices and also to have the better practices sink in, since frequently we will learn through practice and/or tweaking and/or reviewing and then tweaking again, and sometimes we cannot even see long term ramifications in regards to short term tweaking until several years down the road, including times in which we are not able to go back and change the past, we have to make whatever adjustments from the present and into the future and also hopefully without allowing some of our past mistakes to cause us to become desperate in the various way that we might choose to "make up for the past."

Making up for the past does not tend to be likely to even be possible, at least not in full, only in a kind of directional, symbolic and perhaps marginal way that is not in a deeply substantial way.

When one acknowledges the fact that everyone makes mistakes, it gives us the opportunity and puts us in a place where we can approach our financial journeys with a growth mindset. Rather than blaming yourself or others for past mistakes, the focus should be more on learning from those mistakes and the experiences, adapting to the situation (in order to avoid further mistakes) and taking possible actions to enhance and improve our financial stability and Bitcoin investment approaches. This is an approach that allows us to prioritize progress over perfection, focusing on making calculated decisions that aligns more with our financial goals.

I agree with all of this, yet I would still point out that learnings likely need to be put into practice, so that even if we learn about several of our various past mistakes, we still need to make adjustments and put various learnings into practice and then perhaps go through some similar experiences and see if we might react in a new and more enlightened way or if we might revert to some of our earlier bad practice, and part of the difficulty is that the future may well not bring any of the same exact past circumstances, even if there might be some rhyming and stress tests that still allow us to deploy our new improved practices without necessarily wallowing on the past where some opportunities had been lost through our failures or our some of our short-fallings and short-sightedness that we had hopefully ended up addressing to the extent that we might have had been capable of addressing such in a meaningful and/or substantial way, which may well be a combination of actions and perceptions/perspectives.

Overall, it's all about taking control of our financial situation and making efforts and conscious choices in order to improve our Bitcoin accumulation practices as well as our overall financial circumstances. And by doing this, we tend to build a solid financial foundation and also work towards achieving our long term financial goals.

For sure this part is true, including the fact that many of us likely need to chip away at our practices and likely make quite a few mistakes along the way, even though some folks are able to identify the better practices sooner than other folks...yet we cannot let those real world dynamics from stopping us from trying to find our own parameters that might even involve various ways that we might have our own unique advantages or ways of recognizing positive progress in our own ways of identifying our balances.

You are absolutely right about everything that you’ve said, financial management and control is very very important making this little changes to improve our financial conditions and irregularity are very vital and important definitely we make some huge mistakes along the way and try to amend this mistake and address some possible changes to help and improve ourselves is very important and vital, and putting everything that we’ve learnt here is quite reasonable to be put into perspective and practice as well, we make mistakes and we try to learn from them all in as much as we want to develop ourselves and grow in terms of investing and accumulating our bitcoins we should be very conscious with our decision makings and trying to discipline ourselves to be able to achieve our desired goals and target and trying to identify our preferred strategies that will enable us to be successful in terms of our investment, most importantly identifying our mistakes and then now following up with that new strategic objectives to help us and improve and also reminiscing about those strategies, making that step and to stop wallowing in our previous mistakes are the main focus to try and improve our investment to continue accumulating and to hodl. Having a good financial foundation then we can have a good reactive practice of having a good balance of management of our portfolio.

[Cossyblack]

[edited out]

Well said, no doubt that in past couple of years there have been a slight change in attitudes or behaviors among bitcoin investors which have caused a great decline in their bitcoin portfolio and also  affected their level of accumulation. Instead of focusing on accumulating bitcoin over time or stacking sats for the long term goal, they are more intent on short term gains, and waiting to buy the dips and at such when all of this put together, there’s every tendency that you’ll have troubles being consistent with your on going bitcoin accumulation. For sure one’s financial situation also plays a role in your level of accumulation, and don’t also forget that even if you’ve got a steady and good source of income, without a good financial management skills there’s also a tendency that it will affect your level of accumulation and also shows a decline in your bitcoin portfolio.
With the right mentality, you’ll be able to maintain your consistency while accumulating bitcoin, in all walks of life we believe that bitcoin have value and will appreciate more over time. Waiting to buy the dips won’t help your level of accumulation and also investing for the short term quick gains won’t also help. But if your initial strategy is focused on the long term goal it will sure help especially with your level of accumulating bitcoin, whereby you adopt the DCA method of accumulation.

It’s never too late to go back and possibly start again like someone who’s a newbie with the right mindset of investing in the long term goal, the DCA method is helpful as it will help you to spread out accumulation over time and reduce the idea of procrastination and timing the market and still provides you an exposure to long term focus and growth.

If we screw up, we cannot go back and fix our screw ups. We can ONLY attempt to learn from our past mistakes and plan (and act) from the present in order to attempt to try to go forward with plans and actions that are based on current circumstances and our assessment of such current circumstances.

You're right sir, when we failed to make use of our best chances for not buying bitcoin at this earliest stage especially when we have the funds at hand then it means we have screwed up because we may never have the same opportunity to buy Bitcoin at that same price where we met it . This kind of approach is mostly common among procrastinators. Procrastination is a dream killer,why procrastinating when we should act now and seize the very opportunity to invest in Bitcoin. If our discretional income is ready and available,we should invest immediately,used it to buy and accumulate Bitcoin without any delay or  given it a second thought.

[Solokan]

For example, if you lose your job and you have no money to spend, you can take money from the emergency fund. Or if someone in your family gets sick and you have no money at that time, you can take money from the emergency fund. You should not always take money from the emergency fund. When you are in the middle of a very dangerous situation, when you see that you have no choice but to sell your saved bitcoins, then you can take money from the emergency fund.

It makes sense to use an emergency fund only when you have no money other than your emergency fund and you are still in an emergency situation. We should not resort to emergency funds at the beginning of a crisis, no matter what kind of crisis it is. If you are laid off from your job or if you or your family member is sick, the first thing to do is to reach for cash flow to cover medical expenses. Then, if you have other funds, take help from them. If those are not enough and you are at the peak of the crisis, then maybe that is the right time to use an emergency fund. Identifying the emergency situation is the most important thing to use an emergency fund. Otherwise, you may end up using only the emergency fund, which is not a good idea.

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.

yes, hopefully all of us who invest in btc and do dca will be given health and kept away from danger and hopefully our income will increase so that when we invest in btc we will be calmer. 

[Belarge]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

Holding for long is a great idea but the exemplar of 8 to 10 years is really long since no one is certain of seeing the next day despite we all hoping to see it and I think most times a 5 years budget is really good and I’m as much as crypto is not a Ponzi scheme, a lot of investors especially the newbie investors should learn how to be patient with the market and should learn financial management and be emotionally strong before attempting to hold for long.
Holding for long is the best and using the DCA method to continually building your portfolio regardless of the situation of the market will do us more good.

[Pandorak]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Basically, they are just not satisfied with the current price drop, thinking that the price might drop further so that the profit that can be generated is even greater when selling in the future, this type of person tends to often miss opportunities, even though the moment has come and may not happen again for the second time.

That's why it's important to learn about the DCA method, this allows us to accumulate Bitcoin (BTC) regularly in the long run, this is better than collecting money first and then setting a purchase once at a certain price, which may be the price is already at ATH, the impact is that you don't have a budget anymore when the price corrects.

Those that are into bitcoin for short term are exposing there investment to high level of risk compared to long term investors,who are into bitcoin for like 8-10yrs or more

Most of those who choose to trade in the short term or we can call it (scalping, intraday, swing), hope to make a profit in a short time, they think rather than having to DCA and wait for a long time, it is better to make a profit by trading, often they forget that the risk that will be accepted is greater.

[Brainnybtc]

It makes sense to use an emergency fund only when you have no money other than your emergency fund and you are still in an emergency situation. We should not resort to emergency funds at the beginning of a crisis, no matter what kind of crisis it is. If you are laid off from your job or if you or your family member is sick, the first thing to do is to reach for cash flow to cover medical expenses. Then, if you have other funds, take help from them. If those are not enough and you are at the peak of the crisis, then maybe that is the right time to use an emergency fund. Identifying the emergency situation is the most important thing to use an emergency fund. Otherwise, you may end up using only the emergency fund, which is not a good idea.

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.
 

The importance of emergency funds should not be underrated in anyway because without it, their is no way your Bitcoin holdings can survive for a very long time without you tempering with it, and we should try to make our emergency funds  so big to the level where it can fund our daily lives for the minimum of three months, so that it can withstand any financial trouble that may arise in the future.
Additionally, let's not heed to any temptation of using our emergency funds or part of it to invest in Bitcoin because it's a trap that may derail our bitcoin investment if such thing is not avoided.

[adultcrypto]

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

I believe people who are waiting to buy the dip are short term investors (more like traders) who are only after profit so they believe buying cheap and selling after a little price movement is the best way.

You are very wrong in this because buying the dip is not for only short-term investors. There is nothing wrong with buying the dips like this thread suggested. It is even smart investors that accumulate more bitcoin during dips when others are shaking and selling in fear. Buying the dips is a wonderful time to buy bitcoin and hold for long because you will be collecting more bitcoin for the same amount of money than when the price was higher. Most of my finest purchases were made during the dips but that does not mean I stop buying when price is rising because I combine the DCA method with buying the dips and it has been working out very fine for me. Don't discourage anyone who decides to allocate part of his investment funds into buying the dips while still letting the DCA purchase run unhindered.

[Jaksonhard]

...........

[Snip]

[snip]

Learning before investing? you seem not to understand anything with bitcoin because it has been made easy that you can invest and still be learning at the same time, imagine waiting to learn all the basics and it took you so much time to get through with the learn by then bitcoin had gone up! investing has become simple that you can just buy some stash and keep them in your exchange account or wallet untill it gets to a good amount like $1000 or $500 before you can move them out to a more secure wallet while in the process you could have learn enough about coins security that's how simple it is with bitcoin I don't see anything too big for one to learn in bitcoin even one who wants to learn technical aspects would still invest and be learning, they say the best way to learn is to practicalize so how then do you do that without investing already.

You must have to change this perspective of yours because if you tech others this they will probably not invest by waiting too much.

It's compulsory for a new investor to learn the basic knowledge of bitcoin first before he can start his bitcoin investment provided his discretionary income is available. When you don't learn the basics, how will you know that bitcoin is a volatile asset and should be invested in a long-term to limit the risk of running at loss. If you don't have the basic knowledge of bitcoin and buy due to FOMO, you will panic and sell when they is a dip.

Bitcoin is very broad and that's why you need to continue learning as you are investing because you are only to be buying and nothing more. Learning because more easy as you gain more experience and exposure in the market and whatever area of your interest that will help improve and grow and keep your bitcoin investment ongoing overtime.

I don't think anyone will jump into investing in bitcoin without hearing or reading about the basics, right now with the population of bitcoin almost everyone knows that bitcoin is volatile and it most be done with caution hence waiting to learn is only going to keep you from taking action already, they say the best time to invest is now, it means all the time of learning should fall under the period which uih have already bought.

I don't see the risk y'all are talking about in bitcoin all I know is that bitcoin is risky just as life is risky, investing in bitcoin is like taking your risk into a less risky environment.

Personally there is nothing too broad about bitcoin that one can't afford to learn after investing already but whatever you decide to do about bitcoin you can go ahead.

Your statement is Somehow confusing , doesn’t mean that one shouldn’t learn before investing? Bitcoin is broad but it’s good to have a primary knowledge of it before investing so one can know how to go about it ,it’s a continuous learning process but I believe while learning action should also take place , because time they said wait for know one , so we should make use of every opportunity that comes our way.

Before investing, one must have the right knowledge about it. It is true that there are profits and losses, but if one does not have the right knowledge and understanding about it, then he will almost always lose his wealth. When we learn this, we can invest with some amount of money or we will invest with a small amount of money and when we have the right knowledge and understanding and strategy about it, then we can invest in Bitcoin for a long time with the money according to our ability. Yes, it is true that we can invest in Bitcoin with complete safety, but if we can be here patiently and for a long time, then we will definitely be able to find our success.

[Merit.s]

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

I believe people who are waiting to buy the dip are short term investors (more like traders) who are only after profit so they believe buying cheap and selling after a little price movement is the best way.

You can wait to buy at the dip if you have reached your bitcoin accumulation target and wants to go into over accumulation stage. Also, when you are in your over accumulation stage, you can buy bitcoin at the dip in order to replace any quantity that you sold for a good reason and buy back when the price dips so that you don't go below your over accumulation stage and start accumulating bitcoin again with DCA regularly.

A new investor who is a no coiner or a low coiner shouldn't wait for the dip because it will make him end up with very little bitcoin in the long run at a cheaper rate which shouldn't be our primary obligation. Your priority is for you to accumulate as many bitcoin as possible for 4-10 years and above for the future. This is why DCA method is very effective and efficient because it gives you the space to buy bitcoin regularly, weekly, consistently and persistently overtime irrespective of the price of bitcoin. Anyone that keeps his bitcoin journey ongoing will definitely buy bitcoin when the price dips, so why waiting for the dip.

[Jewan420]

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.

yes, hopefully all of us who invest in btc and do dca will be given health and kept away from danger and hopefully our income will increase so that when we invest in btc we will be calmer. 

I am concerned about your statement. You are free to express your opinion and use your funds at any time, because they are yours alone. But this statement may be a bit confusing for the inexperienced. Because, using an emergency fund at any time may not be the right move.

As you mentioned, an emergency fund can be used at any time and it would be better to re-deposit it at the end of the month. Would this actually be a good move? How reasonable is it to use an emergency fund without an urgent need and how will such a quote affect a beginner? What kind of plan would you work with if an emergency arises at the very moment of using an emergency fund without an urgent need? I can't see any way other than taking out a loan or selling BTC.

So it might be a good move if you don't use the emergency fund in the initial stage of the need and keep the emergency fund safe as long as you can. Then you use the emergency fund, but if the emergency does not end, you blame fate. Because you have been fighting the emergency for a long time and have not won. So plan to fight the emergency for as long as possible. By putting your hand in the emergency fund at the beginning, you are putting your hand in the main weapon at the initial stage of the fight.

[Olatundespo]

It is never a good idea to wait to buy DIP. If you wait to buy DIP, you may fall behind your target. For example, if you wait to buy DIP, you will miss out on many opportunities to buy if the market does not go down as you expected. If you want, you can continue to buy continuously by adopting the DCA method, and when you see a decline in the market, you can buy DIP if you are financially sound.

It is never a good idea to invest in the short term. There is a lot of risk in short term investments, in which the possibility of losing your money is very high. Always aim for long term investments, such as 8 to 10 years. The risk in long term investments is much lower than in short term investments. The market often goes up and down. Do not be afraid of seeing a decline and continue to buy continuously until you have accumulated your target level of Bitcoin in your portfolio

The point you have laid out here is really good. waiting for a desire dip is one big mistake many keep repeating, i don't know why someone will choose to waste time to be waiting for some we are not sure of it occurance.waiting for a desire dips is waste of opportunities, is just like some one waiting and hoping to get a good opportunity to work in a high paid company when there are thousands of opportunities in front of him. A perfect example was when bitcoin was around $84k there were people who was speculating that it will dip more to $35k, so they started waiting for it to get to there desire dips but it didn't happen instead the price went up to $100k. so this person missed this opportunity because they were waiting for a desire dip of $35k.
instead of waiting for a desire dip while missing market opportunities, Dca strategy can be used to be accumulating bitcoin instead of waiting since it involves buying at all prices even when it is low or high  .

Most of this guy's that wait for the dip before buying thinks it's the best way to maximize profit because most of them has this mindset of buying low and selling high, so they wait for the market to dip before buying, not knowing that it's the wrong approach to Bitcoin investment, a Bitcoin investor that is only thinking long term should be buying anytime his discretionary income is available irrespective of it current price,  because in the future this current price would be a bargain comparing to how high the value of Bitcoin might has rise up to.

Holding for long is a great idea but the exemplar of 8 to 10 years is really long since no one is certain of seeing the next day despite we all hoping to see it and I think most times a 5 years budget is really good and I’m as much as crypto is not a Ponzi scheme, a lot of investors especially the newbie investors should learn how to be patient with the market and should learn financial management and be emotionally strong before attempting to hold for long.
Holding for long is the best and using the DCA method to continually building your portfolio regardless of the situation of the market will do us more good.

The last paragraph is more important than your previous discussion. As you said, DCA method of accumulate Bitcoin and continuing it for a long time. If you continue to do Bitcoin in this way you can get this long-term motivation for 8-10 years or more. Also, you mentioned five year budget which is also good but the goal should be made longer term if you have a reasonable source of guaranteed income and a continuous Bitcoin accumulate through discretionary income.

If you try to make a profit in setting a five-year budget and being balanced it may not be enough to reach your profit goal or if you continue to accumulation for at least two cycles, the holding perspective will continue to be more positive and the portfolio will be more decent. You should learn more about dollar cost averaging (DCA) for Bitcoin accumulation market analysis and its investment opportunities and the index of buying prices every week and the growth of holdings you will be the best holder in the future

[ndutndut]

It makes sense to use an emergency fund only when you have no money other than your emergency fund and you are still in an emergency situation. We should not resort to emergency funds at the beginning of a crisis, no matter what kind of crisis it is. If you are laid off from your job or if you or your family member is sick, the first thing to do is to reach for cash flow to cover medical expenses. Then, if you have other funds, take help from them. If those are not enough and you are at the peak of the crisis, then maybe that is the right time to use an emergency fund. Identifying the emergency situation is the most important thing to use an emergency fund. Otherwise, you may end up using only the emergency fund, which is not a good idea.

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.
 

The importance of emergency funds should not be underrated in anyway because without it, their is no way your Bitcoin holdings can survive for a very long time without you tempering with it, and we should try to make our emergency funds  so big to the level where it can fund our daily lives for the minimum of three months, so that it can withstand any financial trouble that may arise in the future.
Additionally, let's not heed to any temptation of using our emergency funds or part of it to invest in Bitcoin because it's a trap that may derail our bitcoin investment if such thing is not avoided.

Without an emergency fund, it is fatal when investing in anything, including bitcoin, although bitcoin is a good asset to invest in. However, considering the unpredictable price of bitcoin, it is highly discouraged to invest if you do not have emergency funds to meet your needs in the next few months, even emergency funds must be saved every month if you want to invest so it is important to manage good finances.

In many cases, people confidently buy bitcoin by spending all their money because they believe that bitcoin will go up in the near future, but the opposite happens. When something unwanted happens like a disaster or something, you have to sell bitcoin and at the same time bitcoin is also going down, all you get is a loss. So the important point in investing in bitcoin is not to force it too much, don't use lust but invest with a healthy mind so that you can hold bitcoin for the long term without fear when the price goes up and down.

[Makus]

we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.

You're wrong mate, DCA Is not the only strategy  that one can use to secure a long term investment, there are several  other strategies including the combination of two or more major strategies such as DCA and buy the dip, buy the dip using lump sum etc... the most important  thing is that you make sure you are comfortable  with the strategy so you can afford to make use of it for a long term. Personally I love the use of DCA but I also have some friends  who buy at the dip and few others who consider the use of lump sum buys to accumulate.  Again when you say bitcoin investment  should be held for approximately ten years does that mean 10years is the standard amount of years for holding bitcoin? If so then you wrong again, and like I said earlier you just have to work with what's best for you, and the fact that you're comfortable with that holding duration doesn't mean every other person has to follow your lead. There are some wallets  that has some amount  of Bitcoin worth millions  of dollars that are older than ten years, yet they tend not to sell irrespective of the profits. 10 years can be considered medium term holding for some people while their goal is a 4 complete cycle. And another key fact is, even if your estimated time of holding has elapsed, selling off everything would be a bad idea, those with similar mindset all ended up regretting their action.

[Fuso.hp]

Figuring out and employing a DCA strategy does not guarantee that a bitcoin investment will be successful, yet surely a DCA approach to investing does allow tailoring to a persons finances and/or psychology, including within a DCA approach a person can figure out how aggressive or whimpy that he would like to be based on his own circumstances. and even make various adjustments along the way based on his assessment of his various personal factors

I totally agree on this and that Is where most persons get  it all wrong because they believe once they use the DCA method that everything is settled no that is not true, if you must succeed in your investment using the DCA method, one have to do the necessary things that is required and apply the principles that will aid them to that successful state. The DCA method is just a convenient method that helps an investor to purchase at any given price but somehow I think an investor is the one that will actually make it to be convenient because there are people who are using the DCA method and yet they didn't find it convenience because they are not doing the right thing so, how an investor go about the DCA method also play an important role in our Bitcoin investment so yes I totally agree with you JJG.

The DCA investment method is considered to be one of the most effective methods for investment, so if a person says that he is not succeeding or has not succeeded by investing in the DCA investment method, then I will say that there is definitely something wrong with his investment strategy. The DC investment strategy is not that I invested in this strategy continuously for a month or two months but kept the investment continuity off for several months in between, in this case, the real purpose of the investment will not be fulfilled.

After starting the investment, the investor has to ensure that he has to maintain the continuity of the investment after a certain period of time and he has to invest in Bitcoin in this method for as long as he wants to keep his investment according to his road map. When an investor invests in a long-term plan and follows the DCA strategy, it will be seen that the investor has purchased Bitcoin at several prices during this period, then by negotiating this price, it will be seen that he is earning a good amount of profit from the investment. 

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

[Moreno233]

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

[Tamaperdana]

we must be able to understand the reason why we should be a holder and for how long we can hold before selling, then anything that has to do with an emergency fund be dealt with separately without causing alterations to our investment, just try to scroll up on some pages to read more on emergency fund.

But for this we must maintain our investment for a long time as long as possible as a long-term investment. The main purpose of Bitcoin investment is to maintain it for a long time according to the DCA method, if you do not follow the DCA method then you will not be able to maintain your investment.
That is why in any situation only our plan should be given the highest priority, and there are some other things that we need to maintain our investment according to our ability. However, Bitcoin investment should be held for approximately ten years so that we can maintain the amount during the two bull markets.

In my opinion, our main goal in investing in bitcoin is not just to hold it for a long time. But more precisely, our main goal in investing in bitcoin is to make the value of the money we have not be eroded by inflation and so that we also get benefits from the results of the investment to make our future better. I think most bitcoin investors must have a goal like that right now. Because basically if our main goal in bitcoin is only to hold it for a long time, I think that is not a goal, but a method or step towards success in investing in bitcoin and that is a must. So the point is when we invest in bitcoin, don't forget our main goal, because that is our strongest motivation so that we can continue to accumulate bitcoin.

In addition, talking about emergency funds, it seems that currently there are still many people who use these funds to invest, including in bitcoin. I personally really don't understand people who use emergency funds to invest in bitcoin. But what can you do, that's their decision and it's hard to remind them. So for us as fellow investors in bitcoin, never use funds other than discretionary income to invest in bitcoin. And one more thing, even if we are not investing, emergency funds are absolutely necessary for us to have. Because in my opinion, emergency funds are an obligation that everyone must have.