Buy the DIP, and HODL!

[Bluedrem]

In general, whether it's starting a business or starting an investment portfolio - the earlie  is ALWAYS better, and it's not my mere opinion. It's a FACT.

Plus it's not only because of the possibility of gaining more profit. It's also because starting early also makes you LEARN early, or make mistakes early so you could learn from them. Making a massive investment error in your 50s is more dangerous for your financial health than if you made it in your 20s.

Investing and holding investments are not the same thing. Everyone should think about how to hold them before investing in Bitcoin. I invested in Bitcoin for long-term storage, but for some reason I could not keep my Bitcoin anymore, in that case, it may not be possible to get the desired profit from Bitcoin. Therefore, money management of the money you earn before investing is very important.
For example, if I share my investment method with you, it is as follows-

Apart from investing in Bitcoin, I have five other investments in real life, from which I get profit from the three most reliable ones, I meet the basic needs of my family [the profit from there is enough to meet my basic needs]
With the profit from the fourth place, I add the capital of the five previously invested places that are fairly good. And with the profit I get from the fifth place, I have been investing in the DCA method.
And with the extra savings I have in the months when my expenses are a little lower, I have created a separate fund, with which I will probably aggressively buy Bitcoin during the DIP.

[ChocolateBitcoinK]

There is no justification for someone in their 20s to be playing around trying to time BTC price dips rather than just regularly buying bitcoin.

Sure in the end, guys can do whatever they like, even dumb shit of trying to time BTC prices and then end up with way less bitcoin than what they would have had if they had just stayed focused on ongoing, persistent, consistent, regular and perhaps even aggressive accumulation.

Most time some folk will be trying to play it smart not knowing that they are just making some dumb decisions. This just the truth you can’t actually time the market and you trying to time it , you are just wasting your time and delaying your accumulation process putting some irrelevant gap .

Yes bitcoin can be volatile sometimes but still doesn’t mean we can literally time the market that’s why dca strategy is here for us to make use of ,as we can’t actually time the market rather keep purchasing at different price interval.

I definitely agree with you, those who are waiting for a certain price to invest in Bitcoin are definitely big stupids, they should understand that Bitcoin is unpredictable and it is very volatile, nothing happens as expected, especially in short-term fluctuations, you may think that tomorrow Bitcoin will dump a little and go to a certain level as you expected and then you will invest, but this is your completely wrong idea, as a result you will only miss good opportunities for investment, and this kind of attitude when buying Bitcoin, this is definitely a trading attitude, if someone wants to achieve success from Bitcoin investment, then he must abandon this attitude and develop the mentality of buying in DCA consistently, because only through continuous buying can he build his portfolio at an average price which can deepen his success in the long term.

[Joeboy]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

Nobody can accurately predict the perfect time to buy the dip. So instead of one to be stressing him/herself about timing the absolute bottom, the safer way to go about Bitcoin investment is to invest bit by bit whenever you can, and then add more during price drop. That way, you are smartly building your Bitcoin holdings over time without neccesarily wasting your time by waiting for the one perfect moment. Bitcoin is a long-term game and patience is key.

[blackberrman]

In general, whether it's starting a business or starting an investment portfolio - the earlie  is ALWAYS better, and it's not my mere opinion. It's a FACT.

Plus it's not only because of the possibility of gaining more profit. It's also because starting early also makes you LEARN early, or make mistakes early so you could learn from them. Making a massive investment error in your 50s is more dangerous for your financial health than if you made it in your 20s.

Investing and holding investments are not the same thing. Everyone should think about how to hold them before investing in Bitcoin. I invested in Bitcoin for long-term storage, but for some reason I could not keep my Bitcoin anymore, in that case, it may not be possible to get the desired profit from Bitcoin. Therefore, money management of the money you earn before investing is very important.
For example, if I share my investment method with you, it is as follows-

Apart from investing in Bitcoin, I have five other investments in real life, from which I get profit from the three most reliable ones, I meet the basic needs of my family [the profit from there is enough to meet my basic needs]
With the profit from the fourth place, I add the capital of the five previously invested places that are fairly good. And with the profit I get from the fifth place, I have been investing in the DCA method.
And with the extra savings I have in the months when my expenses are a little lower, I have created a separate fund, with which I will probably aggressively buy Bitcoin during the DIP.

To invest in Bitcoin, you must always be aware and create an emergency fund because this will help you deal with sudden disasters in your life and if you have to get out of that danger, you may suffer a lot financially. If you have this emergency fund, you will have peace of mind and will never make the wrong decision. When you are moving forward for the long term by investing in Bitcoin, you may face many obstacles in the long term and you may face financial crisis again, so you should create an emergency fund so that you can invest in Bitcoin and achieve the long term.

[JayJuanGee]

[edited out]

......If your income is irregular  like a contractor, freelancer, or small business owner,  you simply work with percentages. Every time money comes in, you carve out a set portion for your Bitcoin fund before anything else.

As long as the amount that you are carving out is within your discretionary income, then no problem, yet it is probably better to make sure that you are accounting for your basic expenses first, before you carve out your bitcoin amount.

The timing and amount might vary, but the principle stays the same, that is  keep topping up your discretionary allocation whenever you have inflow. Whether it is from a salary, a one iff project payment, or a business profit, the habit of setting something aside is what makes DCA work over the long term.

Sure.  There is an importance towards prioritizing the bitcoin DCA that surely helps for the amounts to really start to add up over the passage of time... especially if one might be ongoingly DCAing for 1 or 2 cycles, he is likely going to really start to see results, and surely at some various points along the way, the guy may have to assess his level of aggressiveness in terms of his ongoing bitcoin accumulation and determine if he wants to tweak his level upwards or downwards or not.. 

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

Trying to catch the exact bottom is where most people mess up, it is only clear in hindsight. A better approach is to define your own buy zones ahead of time based on your budget and risk tolerance. That way, you are not chasing emotions when the market moves. ..If Bitcoin drops 10%, 20%, or 30% from your last buy, you already know what to do because you planned for it. The key is consistency and building your position over time instead of going all in on one  perfect entry....Also, remember that , long term holders don’t obsess over catching the perfect price. They focus on stacking enough solid buys over time to build a strong average position and  with that way  you cut out the confusion and avoid unnecessary panics...

Guys who focus too much on price likely end up employing whimpy buying strategies because they end up being too busy waiting rather than ongoingly buying with persistency, consistency, and regularity.

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

There is no best time to buy bitcoin and timing the market to buy at the dip is not a good strategy for a long term investor to use in accumulating bitcoin overtime. Bitcoin is volatile in nature making the price unpredictable and that's why nobody can time the market and know the excat time to buy bitcoin at the dip.

It's better that a new investor should buy bitcoin right away provided that he has his discretionary income and not upgrade from the no coiner zone to a lower coiner. It is better that he should keep his bitcoin investment ongoing, regularly, consistent and persistent through weekly DCA buying for 4-10 years and above with part of with his discretionary income that wouldn't put pressure on him. You will see that gradually your bitcoin portfolio is increasing overtime and in ten years time, you will be surprised at the size of your bitcoin portfolio.

If you are waiting for the dip before you buy bitcoin, you will be waiting in the ball park lost with no direction and missing many opportunities in the market that you are supposed to have used to build up your bitcoin portfolio to a certain level. The dip comes like a thief in the night and by then you might have used the money planned for bitcoin to do something else because you have been waiting and the dip isn't coming. DCA strategy gives you a better opportunity to buy at the bottom line of the dip that those waiting for the dip might miss.

It's better that you focus your bitcoin investment mindset towards the quantity of bitcoin that you want to accumulate at any given price rather than to focus more on buying bitcoin at a cheaper price because in the long run, you will end up with few quantity of bitcoin that you bought cheaper and it's the size of your bitcoin portfolio that will determine your profits in future.

I would think that it would be better to be a guy who had been accumulating bitcoin since 2017 with an average bitcoin cost of $18k^** and with 15 BTC ($270k invested) rather than a guy who only has 10 BTC and an average cost of $9k per coin ($90k invested). The second guy ended up investing way less and he has a way lower cost per BTC, yet the first guy ended up investing 3x more, and at the same time, he ended up with 50% more BTC than the more whimpy second guy.  We could illustrate how these kinds of things happen to show that variations of this does end up happening with some guys getting distracted into other things  or trying to time their buys rather than ongoingly buying bitcoin.

**By the way, when I looked at this DCA calculator website, I saw that a guy DCAing bitcoin for the past 8 years would have had achieved around a $13.5k average cost per BTC, so I might be being a bit unfair to the first guy to show him having costs of $18k per BTC.

Admittedly both of the guys are in a decent position and the first guy's 15 bitcoin currently have a 200-WMA value of about $770k and a spot value of $1.8 million... which I think that the 200-WMA would allow him to withdraw perpetually at $77k per year. 

The second guy's 10 BTC holdings has a 200-WMA value of $513k and a spot price valuation of nearly $1.2 million, so the second guy could withdraw at a rate of about $51.3k per year. 

Which guy would you rather be?

I think you are right about what you said here concerning age, it plays an important role on how a Bitcoin investment should approach his investment, just as you have said already, you can't expect a 70year old Bitcoin investor still planning on holding for more than 10 years because he knows that he has a limited time, unlike those that are in their 20's.
But those in their 20's don't have to buy only the dip, they just have to buy anytime their discretionary income is available, but if their is a dip in the market they might seize the opportunity and buy aggressively if they have their reserves funds to do so, because they have quite a lot of time to reap from their investment when bitcoin has risen up to a million dollar or more.

No matter the age, it's still very wise to invest in Bitcoin regularly when you can and use market dips as a chance to buy more if you have extra funds set aside cos nobody knows how long they have. Someone in their 20's might not necessarily live longer than someone in their 70's. What really matters is the goal the person aims to achieve, his/her financial situation, and how much risk they are willing to take

Sure the factors that you mentioned matter, yet you also seem to be downplaying age and health status.. and of course, age and health status likely tell us something about an investment timeline.  Other guys mention passing on wealth as a goal, and surely I am not opposed to those factors, even though surely guys should be making sure that they are also sufficiently financially covered since sometimes it may not be good to pass on too much to heirs or at least there can be problems to have the heirs as a primary motive - even though people think differently about these kinds of matters.

Of course the devil of a lot of this is in the details, and if we are talking about investment rather than trading or gambling, we still should be approaching bitcoin with an intention of being in it for at least a 4-year timeline to be investing rather than to be trading and/or gambling.  And, yeah, anyone can have something come up in their life that shortens their timeline, yet those issues might not have had been obvious at the time that the guy started in his bitcoin investment.. and yeah some folks might be unrealistic about their age and/or their health status. 

Another measure to offset risk is by individually tailoring position size, and yeah of course, other aspects of finances matter in regards to income versus expenses and other investments that the guy might already have and/or what level of back up funds he might have.. these are all factors.  Risk can be mitigated, and sometimes if there are perceptions of bitcoin's volatility or perceptions of what bitcoin might do as compared with other places that the value can be kept, then position size can help in addressing those kinds of matters too.

In general, whether it's starting a business or starting an investment portfolio - the earlie  is ALWAYS better, and it's not my mere opinion. It's a FACT.

Plus it's not only because of the possibility of gaining more profit. It's also because starting early also makes you LEARN early, or make mistakes early so you could learn from them. Making a massive investment error in your 50s is more dangerous for your financial health than if you made it in your 20s.

Investing and holding investments are not the same thing. Everyone should think about how to hold them before investing in Bitcoin. I invested in Bitcoin for long-term storage, but for some reason I could not keep my Bitcoin anymore, in that case, it may not be possible to get the desired profit from Bitcoin. Therefore, money management of the money you earn before investing is very important.
For example, if I share my investment method with you, it is as follows-

Apart from investing in Bitcoin, I have five other investments in real life, from which I get profit from the three most reliable ones, I meet the basic needs of my family [the profit from there is enough to meet my basic needs]
With the profit from the fourth place, I add the capital of the five previously invested places that are fairly good. And with the profit I get from the fifth place, I have been investing in the DCA method.
And with the extra savings I have in the months when my expenses are a little lower, I have created a separate fund, with which I will probably aggressively buy Bitcoin during the DIP.

I would consider that if guys are drawing from any of their investment prior to reaching overaccumulation status, then they are likely engaging in trading rather than investing, even though various investments are supporting their expenses.

Of course, people do not need to work in order to earn income, yet if you are drawing from various investments and not depleting your principle, then you are engaging in sustainable withdraw, and from my perspective if a withdrawal system is really sustainable, then it should be able to go on perpetually at the same rate of withdrawal without depleting the principle.. In other words, the principle is maintaining its value so the withdrawal rate is less than the asset is appreciating.

Bitcoin is likely amongst the best, if not the best, place to reach sustainable withdrawal status, and surely I personally consider measuring the value of the bitcoin (and thus the sustainable withdrawal rate) from the 200-WMA value of the bitcoin, and it seems that traditional investments tend to ONLY allow around 4% annual sustainable withdrawal rate, yet bitcoin seems to allow something like a 10% sustainable withdrawal rate as long as we are measuring from the 200-WMA rather than measuring from spot prices.

[blackberrman]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

Nobody can accurately predict the perfect time to buy the dip. So instead of one to be stressing him/herself about timing the absolute bottom, the safer way to go about Bitcoin investment is to invest bit by bit whenever you can, and then add more during price drop. That way, you are smartly building your Bitcoin holdings over time without neccesarily wasting your time by waiting for the one perfect moment. Bitcoin is a long-term game and patience is key.

You should never be left behind in investing when Bitcoin is cheaper now than in the future, in that case you can start investing with a small amount without being left behind, you can use the DCA strategy because it is very effective for you, through DCA you can invest weekly or monthly and you will continue that investment for a long time of 6-7 years and in this way you can strengthen your investment, DCA makes your investment safe and profitable and you will not have such thoughts in your mind if you do not move forward in your investment because you will buy consistently.

[Jewan420]

To invest in Bitcoin, you must always be aware and create an emergency fund because this will help you deal with sudden disasters in your life and if you have to get out of that danger, you may suffer a lot financially. If you have this emergency fund, you will have peace of mind and will never make the wrong decision. When you are moving forward for the long term by investing in Bitcoin, you may face many obstacles in the long term and you may face financial crisis again, so you should create an emergency fund so that you can invest in Bitcoin and achieve the long term.

Is an emergency fund the key to peace of mind? Just kidding . Having an emergency fund will help your investment journey last longer and make the investment journey a little smoother.

Mental peace has nothing to do with investing. However, if you want to be long-term in your investment life and want to fight accidents or emergencies and win, then you can keep an emergency fund ready and it acts as a very important defense for investments. You can consider an emergency fund as an investment crane, whenever you fall into a ditch (in an emergency), it will pull you out of the ditch and help you finish the journey.

[Zackz5000]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

Nobody can accurately predict the perfect time to buy the dip. So instead of one to be stressing him/herself about timing the absolute bottom, the safer way to go about Bitcoin investment is to invest bit by bit whenever you can, and then add more during price drop. That way, you are smartly building your Bitcoin holdings over time without neccesarily wasting your time by waiting for the one perfect moment. Bitcoin is a long-term game and patience is key.

You should never be left behind in investing when Bitcoin is cheaper now than in the future, in that case you can start investing with a small amount without being left behind, you can use the DCA strategy because it is very effective for you, through DCA you can invest weekly or monthly and you will continue that investment for a long time of 6-7 years and in this way you can strengthen your investment, DCA makes your investment safe and profitable and you will not have such thoughts in your mind if you do not move forward in your investment because you will buy consistently.

Before we can invest in Bitcoin we should first figure out if we have a discretionary income to get started with, you shouldn't consider because the price is low and you rush and start accumulating with the amount you can't afford to loss thinking you will surely make profit since it is bitcoin we are investing into. You should also know and have in mind that making profit in Bitcoin is not guaranteed this is why it is important to invest with your discretionary income just in case all your expectations did not go as you have plan there won't be room for panic, then with the DCA strategy you can consistently and persistently be accumulating Bitcoin every weeks or months and hodl for 4-10 and more.

[HistoLock]

It is hard always to buy the dip because we don't know when the dip is coming. But we have a chance to buy after the dip is coming but still buying in the dip will always give us a big chance to make a big profit later. I always try to buy every dip, and I try to place at a very lower price, but as I said before, I am not too often to get the lowest price, but it's not a problem for me because I can get a lower price.

Perhaps, after I bought the coin, the price will down in 2-3 times then it start to increase so at least I still get a chance to make a profit after a few hours. But if the price is moving so fast, then my chance to make a profit will bigger because I don't have to wait for a long time. That is why we need to place the order buy in many places especially in every lower price so we could get the lowest price to buy.

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

[Churchillvv]

I would consider that if guys are drawing from any of their investment prior to reaching overaccumulation status, then they are likely engaging in trading rather than investing, even though various investments are supporting their expenses.

Meanwhile I’m of the opinion that if one invests in bitcoin for expenses sake or depends on their investment for making some expenses when they are not yet in the said over-accumulation stage that is basically a form of trading mentality which shouldn’t be absurd for a better bitcoin portfolio. However individually we have several targets and the level at which we may consider over-accumulation yet within the thread we have less and lesser years of being in the accumulation journey hence I only consider stacking up till whenever as the best idea and whatever has to do with trading orientation should be erased for now.

[POPOLUV]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

It's not something that's very though to understand and embark on, many have been doing it for the past years, if they can then you can too. So far you have your discretionary fund intact then you're good to go, also you don't have to buy only during the dip don't be confused by that statement, so far you're using the DCA strategy for accumulation you can buy at anytime whether during the dip and when the market is rising,  that strategy (DCA) would keep a balance to your level of accumulation and you don't have to focus only the dips when accumulating, it's good that you've already acknowledged that Bitcoin is a long-term investment that alone would encourage you to hold it for long and you'll also be cautious of ruining your portfolio based on your statement.

The price of Bitcoin, which has become stronger every time it falls, IF YOU ARE NEW TO INVESTING IN BITCOIN OR ARE VERY EMOTIONAL and if you are preparing to invest in Bitcoin to make quick profits, then this is a wrong practice, give up the hope of getting rich quickly because it is not a race but you have to move forward slowly with patience and planning, you use the DCA strategy to move your investment forward and move your investment forward slowly, use the DCA strategy because it will prevent you from panicking and it does not matter to you whether the price of Bitcoin is low or high because you will continue to invest for a long time, on the one hand, if the price of Bitcoin decreases, you can buy it, on the other hand, if it increases, you can buy it because Bitcoin is currently cheaper than the future, Bitcoin has a limited supply, its demand will increase and as a result of this increase in demand, the price of Bitcoin will increase significantly, the future of Bitcoin is bright.

I don't really understand if being emotional has something to do with Bitcoin when it comes to Bitcoin investments  because will all knows that Bitcoin is always fluctuating in the market, so as an investor we all have accepted it's nature of Bitcoin in the market, and why so many investors chooses DCA strategy is not for their investments to move forward slowly but they chooses DCA strategy because DCA strategy allows investors to buy Bitcoin small small and with so many investors find DCA strategy as a means of motivating investors to buy aggressively because they will not lose money  with DCA strategy.

[yixichloro2xx]

[edited out]

......If your income is irregular  like a contractor, freelancer, or small business owner,  you simply work with percentages. Every time money comes in, you carve out a set portion for your Bitcoin fund before anything else.

As long as the amount that you are carving out is within your discretionary income, then no problem, yet it is probably better to make sure that you are accounting for your basic expenses first, before you carve out your bitcoin amount.

Of course stacking Bitcoin is great, but it should never come at the expense of your essentials. Rent, food, bills, emergency savings must always come first, no question. If you have e got some discretionary income left over after covering the basics, then yeah, carve out a portion for BTC and stack away. That’s smart and sustainable.

The timing and amount might vary, but the principle stays the same, that is  keep topping up your discretionary allocation whenever you have inflow. Whether it is from a salary, a one iff project payment, or a business profit, the habit of setting something aside is what makes DCA work over the long term.

Sure.  There is an importance towards prioritizing the bitcoin DCA that surely helps for the amounts to really start to add up over the passage of time... especially if one might be ongoingly DCAing for 1 or 2 cycles, he is likely going to really start to see results, and surely at some various points along the way, the guy may have to assess his level of aggressiveness in terms of his ongoing bitcoin accumulation and determine if he wants to tweak his level upwards or downwards or not.. 

Yeah, I agree, sticking with DCA over a couple of cycles really does the heavy lifting. It’s funny how slow it feels at first, but then all of a sudden those little buys start looking pretty big when the price runs....Tweaking the pace depending on cash flow or how you feel about the market makes sense too. The main thing is just keeping the habit going so you are always building, whether it’s a big week or a small one.

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

Bro, I get the hype around buying the dip. Everyone wants to catch that sweet bounce. But honestly, your strategy sounds way too simplistic and risky if you are not factoring in the bigger picture. Not every dip is a buy. Sometimes it's just the start of a deeper dump, and if you jump in too early, you end up holding a bag while the price keeps bleeding. You have got to know the difference between a healthy correction and a full blown trend reversal......Also, saying you can get it at any price is kinda reckless. Price matters, especially in crypto where volatility is wild. If Bitcoin drops from $70k to $60k, sure, that’s a dip, but if it’s dropping because of bad macro news, whale sell offs, or regulatory Fud, you might be buying into a trap. Context is everything. Blindly buying just because the price is lower doesn’t mean it’s a good entry.

Expecting profits within two to three hours is overly optimistic. That kind of thinking works for scalpers who live on the charts, but for most traders, it’s unrealistic. Sometimes the bounce comes fast, but other times you’re stuck in sideways chop or it keeps sliding. There are no guarantees in this game, and short term gains are never promised....What is really missing from your approach is risk management. No mention of stop losses, position sizing, or even checking volume and momentum indicators. Buying dips without a plan is how people get rekt. And saying i always buy the dip sounds like tunnel vision. The best traders know when to sit on their hands and wait for confirmation. Sometimes the smartest move is no move at all.

That said, one thing I do agree with is steady accumulation. Buying small amounts regularly, no matter what the price is, can be a solid long term strategy. It smooths out volatility and keeps you in the game without stressing over perfect timing. But even then, it works best when paired with patience and a clear goal.

[Stablexcoin]

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

Buying the dip is important, profiting from Bitcoin doesn't necessarily demand investing from dips, anytime you buy Bitcoin and don't sell until the price increase beyond what it was bought, profits are made. Dips are important because at that moment we can get more portion of Bitcoin with our regular budget, a good investor that wants to take advantage of the dip will learn how to capitalize during bear seasons, the biggest buy can come during dips but that shouldn't stop regular buy as a way of DCA.

[Scarlett_23]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

The best time to buy Bitcoin is when you first heard about it, just like now that you have known Bitcoin and have seen so many people buying enthusiastically, follow them and do what they are doing and in the future, you will follow them to celebrate. Buying and HODL is not complicated, don't let it confuse you even though I know it is a little tricky for a beginner like you. There is a general approach which you will follow to make it systematic and easy to implement. If you have some money or lets say you are into business or working, simply remove the money you will use for food and other basic things from your income after that you will be left with your discretionary income. From that money, use part of it to invest in Bitcoin and use the other part to set aside as your emergency funds which is money you will use incase you have urgent needs that you did not plan for in your basic needs. You can repeat this process monthly and you will be performing what is called DCA method and you will end up buying Bitcoin at no pressures.

After you have started purchasing your Bitcoin, please don't look to sell when you begin to see profits, your plan should be to accumulate Bitcoin and HODL for as long as 5 to 10 years before you can appraise your Bitcoin worth and then congratulate yourself for job well done. You can even increase the years of holding and then make Bitcoin your retirement plan, just like what I'm doing with my Bitcoin too.

I want to agree with you on this. The best time to invest in Bitcoin is as soon as you know. That is, when someone knows about Bitcoin, it is the best time to invest. Because as time goes by, you will fall behind others. To invest, you must spend your earned money correctly and in a planned manner. In that case, the monthly income can be divided into three parts.

Again, a very advantageous method in Bitcoin is the DCA method. In this method, you can keep your mentality steady without getting upset if the price increases or decreases. Another big advantage of investing in Bitcoin in this method is that it can be started at any number.
Along with this, it is necessary to set up your mentality for the long term. If you invest using these strategies, it will be easy to gain financial freedom in the future.

[Tonimez]

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

Buying the dip is important, profiting from Bitcoin doesn't necessarily demand investing from dips, anytime you buy Bitcoin and don't sell until the price increase beyond what it was bought, profits are made. Dips are important because at that moment we can get more portion of Bitcoin with our regular budget, a good investor that wants to take advantage of the dip will learn how to capitalize during bear seasons, the biggest buy can come during dips but that shouldn't stop regular buy as a way of DCA.

I agree with your statement that profiting in bitcoin does not necessarily demand investing from dips. But saying that anytime the price of bitcoin goes beyond your purchasing price, then you've made your profit is misleading. This is a trader's mindset and beginners may not have a clear understanding of what you could mean.

Profiting in bitcoin is not supposed to be aimed at short term which is what it implies by your following statement. Bitcoin will always reward you better in a long-term investment and it makes the profit cumulative. This is why we advocate continuous buys by DCA approach using only discretionary income and not investing beyond your capacity. So instead of looking at every slight upward movement from your purchasing price as a profit, you see it as another privilege to buy more as it keeps going higher and higher. We may not want to loose any of our money even though it's coming from your supposed profit. If anyone should see every upward shift as profit, then you would be buying at higher prices later.

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

The best time to buy Bitcoin is when you first heard about it, just like now that you have known Bitcoin and have seen so many people buying enthusiastically, follow them and do what they are doing and in the future, you will follow them to celebrate. Buying and HODL is not complicated, don't let it confuse you even though I know it is a little tricky for a beginner like you. There is a general approach which you will follow to make it systematic and easy to implement. If you have some money or lets say you are into business or working, simply remove the money you will use for food and other basic things from your income after that you will be left with your discretionary income. From that money, use part of it to invest in Bitcoin and use the other part to set aside as your emergency funds which is money you will use incase you have urgent needs that you did not plan for in your basic needs. You can repeat this process monthly and you will be performing what is called DCA method and you will end up buying Bitcoin at no pressures.

After you have started purchasing your Bitcoin, please don't look to sell when you begin to see profits, your plan should be to accumulate Bitcoin and HODL for as long as 5 to 10 years before you can appraise your Bitcoin worth and then congratulate yourself for job well done. You can even increase the years of holding and then make Bitcoin your retirement plan, just like what I'm doing with my Bitcoin too.

I want to agree with you on this. The best time to invest in Bitcoin is as soon as you know. That is, when someone knows about Bitcoin, it is the best time to invest. Because as time goes by, you will fall behind others. To invest, you must spend your earned money correctly and in a planned manner. In that case, the monthly income can be divided into three parts.

Again, a very advantageous method in Bitcoin is the DCA method. In this method, you can keep your mentality steady without getting upset if the price increases or decreases. Another big advantage of investing in Bitcoin in this method is that it can be started at any number.
Along with this, it is necessary to set up your mentality for the long term. If you invest using these strategies, it will be easy to gain financial freedom in the future.

Investing as soon as you know is the right way to start but also investing as soon as the funds are available would serve better. Most of us have heard about bitcoin long ago, but maybe because of unemployment or lack of understanding, many couldn't invest even after willing to do so. Bitcoin investment is something that should be planned accordingly before the initial investment. This is because, if the initial investment is faulty, it may not really work out fine when storms arise. Bitcoin planning involves getting a source of income, analysing your possible salary, separating your money to take care of your family, having some to put in your backup funds and emergency funds and then proceeding to invest what you can afford to hold. If you're aware that the longer you hold, the better then you would make proper plans for your bitcoin.

[Odohu]

The best time to buy Bitcoin is when you first heard about it, just like now that you have known Bitcoin and have seen so many people buying enthusiastically, follow them and do what they are doing and in the future, you will follow them to celebrate. Buying and HODL is not complicated, don't let it confuse you even though I know it is a little tricky for a beginner like you. There is a general approach which you will follow to make it systematic and easy to implement. If you have some money or lets say you are into business or working, simply remove the money you will use for food and other basic things from your income after that you will be left with your discretionary income. From that money, use part of it to invest in Bitcoin and use the other part to set aside as your emergency funds which is money you will use incase you have urgent needs that you did not plan for in your basic needs. You can repeat this process monthly and you will be performing what is called DCA method and you will end up buying Bitcoin at no pressures.

After you have started purchasing your Bitcoin, please don't look to sell when you begin to see profits, your plan should be to accumulate Bitcoin and HODL for as long as 5 to 10 years before you can appraise your Bitcoin worth and then congratulate yourself for job well done. You can even increase the years of holding and then make Bitcoin your retirement plan, just like what I'm doing with my Bitcoin too.

I want to agree with you on this. The best time to invest in Bitcoin is as soon as you know. That is, when someone knows about Bitcoin, it is the best time to invest. Because as time goes by, you will fall behind others. To invest, you must spend your earned money correctly and in a planned manner. In that case, the monthly income can be divided into three parts.

Again, a very advantageous method in Bitcoin is the DCA method. In this method, you can keep your mentality steady without getting upset if the price increases or decreases. Another big advantage of investing in Bitcoin in this method is that it can be started at any number.
Along with this, it is necessary to set up your mentality for the long term. If you invest using these strategies, it will be easy to gain financial freedom in the future.

Investing as soon as you know is the right way to start but also investing as soon as the funds are available would serve better. Most of us have heard about bitcoin long ago, but maybe because of unemployment or lack of understanding, many couldn't invest even after willing to do so. Bitcoin investment is something that should be planned accordingly before the initial investment. This is because, if the initial investment is faulty, it may not really work out fine when storms arise. Bitcoin planning involves getting a source of income, analysing your possible salary, separating your money to take care of your family, having some to put in your backup funds and emergency funds and then proceeding to invest what you can afford to hold. If you're aware that the longer you hold, the better then you would make proper plans for your bitcoin.

This is the mindset I worked so hard to kill and I'm also telling you to start making efforts not to toe that line. We cannot continue to give excuses about Bitcoin instead we should be propelled by the opportunities that lies ahead for us, keep excuses aside and do the needful. You can't justifying hearing about Bitcoin for years and not investing even if it is $20, yet you have two hands and legs, you have a smartphone,  you have been eating food and not starving and you have been wearing nice cloths and possibly pushing on with life and other activities. It is only when it comes to investing in Bitcoin that you are poor, and unemployed... those are excuses! If you are convinced that Bitcoin is for you and you see the opportunities it holds, that alone will even motivate you to get busy with your life. If white-collar is not available, there are many other types of jobs you can do to raise money. In my place, most people that do 9/5 jobs are even the poorest because people doing things like barbing, laundry services, farming and even people that gather plastic waste for recycling are making decent income and living comfortably. There are even youths that sell things online even when they don't own a shop or spend money to start such business... they will partner with a big shop, snap their products and publish them online and when they see buyer, they take from the store and sell and collect their commission and everybody is happy, these category are even making more money than most people working in the bank.  We are in an era in which excuses are becoming boring and if you end up poor in this generation, it is entirely your fault.

You should set a target of how much you will be investing in Bitcoin per month then work towards it by adjusting your budgeting and doubling down on your hustle and you will see yourself achieving it. Let's be more optimistic about things especially when we see that the reward is something that will outweigh every sacrifice put into achieving it.

[Stormisover]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

It's not something that's very though to understand and embark on, many have been doing it for the past years, if they can then you can too. So far you have your discretionary fund intact then you're good to go, also you don't have to buy only during the dip don't be confused by that statement, so far you're using the DCA strategy for accumulation you can buy at anytime whether during the dip and when the market is rising,  that strategy (DCA) would keep a balance to your level of accumulation and you don't have to focus only the dips when accumulating, it's good that you've already acknowledged that Bitcoin is a long-term investment that alone would encourage you to hold it for long and you'll also be cautious of ruining your portfolio based on your statement.

The price of Bitcoin, which has become stronger every time it falls, IF YOU ARE NEW TO INVESTING IN BITCOIN OR ARE VERY EMOTIONAL and if you are preparing to invest in Bitcoin to make quick profits, then this is a wrong practice, give up the hope of getting rich quickly because it is not a race but you have to move forward slowly with patience and planning, you use the DCA strategy to move your investment forward and move your investment forward slowly, use the DCA strategy because it will prevent you from panicking and it does not matter to you whether the price of Bitcoin is low or high because you will continue to invest for a long time, on the one hand, if the price of Bitcoin decreases, you can buy it, on the other hand, if it increases, you can buy it because Bitcoin is currently cheaper than the future, Bitcoin has a limited supply, its demand will increase and as a result of this increase in demand, the price of Bitcoin will increase significantly, the future of Bitcoin is bright.

I don't really understand if being emotional has something to do with Bitcoin when it comes to Bitcoin investments  because will all knows that Bitcoin is always fluctuating in the market, so as an investor we all have accepted it's nature of Bitcoin in the market, and why so many investors chooses DCA strategy is not for their investments to move forward slowly but they chooses DCA strategy because DCA strategy allows investors to buy Bitcoin small small and with so many investors find DCA strategy as a means of motivating investors to buy aggressively because they will not lose money  with DCA strategy.

We can't completely deny being emotional as humans but when it comes to Bitcoin investment there can be several factors that can envelope emotions, a newbie investor can be emotional due to having less or zero experience about the market, investing without planning like making an impulsive investment decisions can make anyone to be emotional and especially those that is in for short term profit which is the traders can be very emotional with the market. I think that the DCA doesn't directly motivate investors to buy aggressively rather it allows them to invest at when it is convenient for them and within the level of their finance. I don't understand what you meant by they will not lose money with DCA strategy, because no strategy is set or certain to guarantee success in Bitcoin investment.

[Gost ms]

What's the best time to actually buy the DIP and HODL, it's still confusing, this Bitcoin investment is a long time investment and any mistake from the beginning can cause wahala.

It's not something that's very though to understand and embark on, many have been doing it for the past years, if they can then you can too. So far you have your discretionary fund intact then you're good to go, also you don't have to buy only during the dip don't be confused by that statement, so far you're using the DCA strategy for accumulation you can buy at anytime whether during the dip and when the market is rising,  that strategy (DCA) would keep a balance to your level of accumulation and you don't have to focus only the dips when accumulating, it's good that you've already acknowledged that Bitcoin is a long-term investment that alone would encourage you to hold it for long and you'll also be cautious of ruining your portfolio based on your statement.

The price of Bitcoin, which has become stronger every time it falls, IF YOU ARE NEW TO INVESTING IN BITCOIN OR ARE VERY EMOTIONAL and if you are preparing to invest in Bitcoin to make quick profits, then this is a wrong practice, give up the hope of getting rich quickly because it is not a race but you have to move forward slowly with patience and planning, you use the DCA strategy to move your investment forward and move your investment forward slowly, use the DCA strategy because it will prevent you from panicking and it does not matter to you whether the price of Bitcoin is low or high because you will continue to invest for a long time, on the one hand, if the price of Bitcoin decreases, you can buy it, on the other hand, if it increases, you can buy it because Bitcoin is currently cheaper than the future, Bitcoin has a limited supply, its demand will increase and as a result of this increase in demand, the price of Bitcoin will increase significantly, the future of Bitcoin is bright.

I don't really understand if being emotional has something to do with Bitcoin when it comes to Bitcoin investments  because will all knows that Bitcoin is always fluctuating in the market, so as an investor we all have accepted it's nature of Bitcoin in the market, and why so many investors chooses DCA strategy is not for their investments to move forward slowly but they chooses DCA strategy because DCA strategy allows investors to buy Bitcoin small small and with so many investors find DCA strategy as a means of motivating investors to buy aggressively because they will not lose money  with DCA strategy.

DCA method is an investment method through which we can continue to buy continuously and invest with very little money through DCA method. DCA strategy never guarantees you not to lose money. Through DCA method you can only continue to invest. DCA method never helps to reduce the risk of your investment, DCA method never helps to hold your investment in the long term.

DCA strategy never motivates a person to buy aggressively. There are many smart investors who continue to buy continuously by adopting DCA method and when they see a decline in the market, they buy aggressively

[Xtraordinarious]

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

First, I try to understand, then when the dip comes, I try to buy a little and keep it. Although not always, if you buy at the right time, you can often make a profit within a few hours.
However, catching the dip is difficult, so I place orders with a bit of understanding. In this way, I could take a good profit a few times, but noticing the dip is difficult, it is not easy to see.

I want to agree with you on this. The best time to invest in Bitcoin is as soon as you know. That is, when someone knows about Bitcoin, it is the best time to invest. Because as time goes by, you will fall behind others. To invest, you must spend your earned money correctly and in a planned manner. In that case, the monthly income can be divided into three parts.

Again, a very advantageous method in Bitcoin is the DCA method. In this method, you can keep your mentality steady without getting upset if the price increases or decreases. Another big advantage of investing in Bitcoin in this method is that it can be started at any number.
Along with this, it is necessary to set up your mentality for the long term. If you invest using these strategies, it will be easy to gain financial freedom in the future.

The best time to start investing in Bitcoin is whenever one learns about it. If you do DCA gradually without delay, the risk is reduced, and there is no mental stress. If a small part of the monthly income can be invested regularly, it can be big in the future. One should move towards investment with this kind of thinking. For those who can set up their minds like this, a Bitcoin investment brings good things in the future.

[JayJuanGee]

It is hard always to buy the dip because we don't know when the dip is coming. But we have a chance to buy after the dip is coming but still buying in the dip will always give us a big chance to make a big profit later. I always try to buy every dip, and I try to place at a very lower price, but as I said before, I am not too often to get the lowest price, but it's not a problem for me because I can get a lower price.

Perhaps, after I bought the coin, the price will down in 2-3 times then it start to increase so at least I still get a chance to make a profit after a few hours. But if the price is moving so fast, then my chance to make a profit will bigger because I don't have to wait for a long time. That is why we need to place the order buy in many places especially in every lower price so we could get the lowest price to buy.

Yes, it is true that if we can buy the dip, then we will have a chance to profit from it. After the dip comes, it gives us a chance to corner. However, I will advise everyone to try to buy the dip, because you can get it at any price. It is very important to know that it is difficult to buy the dip all the time. To buy it, you must try and place an order. You don't have to wait long after buying it, there is a chance to profit within two to three hours. You don't have to wait long to profit from it. I always try to buy the dip.

There surely are trade-offs for any newbie who gives any shits about buying the dip rather than just figuring out ways to buy bitcoin persistently, consistently, ongoingly, regularly and perhaps even aggressively for 1-2 cycles or longer or maybe until they reach overaccumulation status.

Buying the dip adds a waiting component for something that might not happen, yet there still can be ways to buy the dip with a bit of reason and as a supplementary strategy rather than as a main strategy.