Buy the DIP, and HODL!

[Bluedrem]

It is an ongoing dilemma for newbies, and many newbies cannot understand and/or believe how bitcoin is likely to continue to be amongst the best, if not the best, of performers in the future as it has been in the past.

So many times, newbies are skeptical that something that had performed so greatly is able to continue to perform greatly.

Yet, their whole skepticism, even though reasonable, is not enough of a justification to not get started investing into bitcoin, even though it could be a justification to adjust the position size to a different amount.  So for sure when folks are questioning how great of an investment bitcoin is, they might reduce their invested amount downward.... yet I have the sense that bitcoin is going to continue to perform.. so they might have regrets later down the road, yet each of us has to decide in the present whether to invest in bitcoin and how much, and so many folks wrongly speculate that they need to invest a lot or else their investment does not matter, and one of the great things about bitcoin and also about DCA is that the investment size can be adjusted to your financial situation and to your psychology and you can figure out an amount that is at your comfort level, and surely that amount should not be zero, even though so many people continue to have zero or close to zero invested into bitcoin, and they will be the only one to blame for their choices to be either a low coiner or a no coiner,.. even though later down the road they will likely realize that they are better off for being a low coiner than a no coiner, since it is not a good place to be to have absolutely no bitcoin, so there should at least be a goal for each of us to get off of zero.

When someone has the ability to invest, that is, discretionary income is generated, then the thought of investing comes to his mind and he always tries to find the best thing for investment.
Now, whether it is new or old, he will think before investing in which field he should invest,,, In this way, if he thinks about it, if he chooses three or four mediums of the day (physical materials, real estate, Bitcoin), in this case, it will be easy for him to decide which one he should actually employ, which is the most reliable, profitable and safe investment field.
Then he will understand from his own perception that Bitcoin is the best among these things. Because there is no specific limit to physical materials and in the past, it has been seen that the amount of profit in Bitcoin is much higher than physical materials.
And if we talk about real estate, then if it is a long-term investment, it is foolish to expect more profit from it.
The rest is Bitcoin, if you look at the past, you will see that Bitcoin has always worked against inflation and those who have held Bitcoin for the long term have benefited immensely.
I think that the newbies who are eager to invest in Bitcoin are not investors at all, they are just comforting themselves by wanting to invest.

[Stable090]

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon

Most of the people that are always waiting for the DIP to happen before they invest in bitcoin might not really be investing. If you really want to invest in bitcoin, then you won’t be waiting for the dip to happen first before you going to invest in bitcoin.

Since we don’t know how low bitcoin price will always go whenever their is a dip in the market, even when their is dip in the market, most of those people won’t be investing in bitcoin even when their is a dip in the market, they will keep on waiting for bitcoin to dump more, and even if there is a crash in bitcoin price, they still not going to invest because they going to be waiting for more dip in the market before they invest in bitcoin.

I do recommend DCA strategy when you planning to invest in bitcoin, and whenever their is a dip in the market, if you are having extra money, then you can just accumulate more bitcoin, you can take advantage of the dip in the market, but you don’t have to wait for dip before you going to invest in bitcoin. If you are waiting for dip to happen, then that’s means you not ready to invest.

[JayJuanGee]

Just today, I read the title of this post again “Buy the DIP and HODL” and decided to go over the OP again.

You know, buying the DIP is a good strategy but, that’s a strategy for those that really understand chart analysis or have to go over chart analysis before buying. That isn’t what we often see from the content of many comments on here, it’s more about DCA which doesn’t require any analysis to buy but just funds that you can spare or invest with and some knowledge on where to buy and what wallet to save it in.

Thats why, i feel the “DIP” in this title, could it have been Buy using DCA and HODL… not my thread but just a thought.

The OP was written in early 2019, towards the beginning of that pump, and the Author of the OP has bounced back and forth in his thinking about buying dips as one of three BTC accumulation methods, and surely many active participants in this thread have become more sympathetic to DCA as a preferred BTC accumulation method.

Even though the topic of changing the title of the OP has come up from time to time, and author of OP has even changed it a few times, I doubt it is reasonable to change the title of the OP, even though many posers in this thread consider buying the dip as an inferior BTC accumulation strategy as compared with DCA and/or ongoing buying - even if there might be some circumstances in which it may be practical to supplement DCA with buying the dip.

If you are new to bitcoin, it is likely better to just be buying regularly rather than trying to figure out if there is a dip or not.

The DIP is always eluding, you never can tell until it’s back up and waiting to find where that is can also lead to reasons why people would procrastinate and never invest. So DCA saves you all that and keeps you actively investing.

For sure, buying the dip is likely to be an inferior strategy, yet it could be a good supplemental practice for someone who might start their bitcoin investment with a lump sum and then maybe wanting to hold back some of the initial injection money for possibly buying dips after their having had initially bought with such a lump sum amount... for example, if a guy had started out investing $100 per week into bitcoin, and then he remembered that he had right around $2,600 extra that he had in savings.  He realizes that $2,600 is about the same as his investing for 26 weeks, and so he considers whether to buy with the $2,600 right away and/or maybe to defer using time (dca) with part of it and/or whether he might structure some buys of the dip with some of it.

Maybe he also knows that once or twice a year, he gets a bonus that is anywhere between $1,500 and $3k, depending on how well his company does...so he can consider those bonuses to potentially be eligible for buying BTC right away and/or DCAing and/or buying on the dip.  He could divide the amount into three parts and/or he could put some of the money into his back up funds, whether in his emergency funds and/or reserve funds.  Nice thing about receiving a lump sum amount is having more options, and perhaps prior to getting into bitcoin, a guy might have just considered some things that he might buy with the extra funds, but then after learning about bitcoin, he learns how to invest with the money and perhaps have some hope that he will be better off to invest into bitcoin rather than not doing so. 

[yixichloro2xx]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I get what you are saying, and I agree that whether someone chooses trading or investing is really up to them. People have different risk appetites and different ways of handling the market, so there is no one size fits all approach. I have  seen folks who started as traders and eventually became solid long term holders after realizing the market can’t always be timed perfectly. On the other hand, I know some long term holders who occasionally take small, calculated trades just to grow their stack when a clear opportunity shows up.

But yeah, you are right about the risk side of trading it’s not as easy as it looks. I have watched people including my self jump into trades during hype, thinking I would make a quick profit, only to watch the market turn against me in minutes....Before I use to buy big position right before a dip, panicked, sold at a loss, and then watched the price rebound the next day and I really learn a lot of lessons from it..... That is why for most people, a steady investment plan with patience usually ends up being less stressful and more rewarding than chasing quick wins. At the end of the day, it justabout knowing yourself and making moves you are comfortable with.

[Scarlett_23]

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.

You are absolutely right. We know it is not always easy to catch the dip perfectly, but planning, setting orders and being patient will ultimately bring many results. Those who can do this with patience will get something good. However, no one can do perfect timing, so I think buying in small portions and placing orders at low prices are just strategic decisions.
The most important thing here is to have faith in your strategy. Those who move forward slowly with faith can gradually gain experience and profit over time.

No matter how you want to analyze it, waiting for the Dip before buying bitcoin is not a good strategy to accumulate bitcoin. Buying through the dips is a good strategic opportunity to accumulate bitcoin but waiting patiently for bitcoin to Dip before buying is absolutely wrong. Yes it is wrong because it is impossible to know exactly when the next Bitcoin Dip will happen and just like you have already stated that"no one can do perfect timing" of the market . Secondly while waiting for the Dip before buying bitcoin will affect your consistency in accumulating bitcoin and may also cause you to miss good viable opportunities in the market that you should have utilize in grow your portfolio. So it is better you stop waiting for the Dip and start buying bitcoin when your discretional fund is available .

Furthermore, people waiting for the dip can end up not buying any bitcoin when the dip comes, because they might have used the money for something else since they have been waiting and got tired of waiting, of course, they have their own dip price which they want bitcoin to dip to before buying as if they are the ones controlling the market. Waiting is never a strategy, because it deprives you from keeping your bitcoin accumulation ongoing consistently and persistently overtime till you reach your bitcoin target in future.

When you waiting, you are limiting yourself the chance of leaving your poor state to a better level with your bitcoin portfolio in future, because you will end up with very little bitcoin in your portfolio at old age.

There are only 21 million Bitcoins in the world. No one can ever create more than that. Its demand is increasing day by day. Many countries, big companies and big political figures in the world are trying to hold it. So those who invest in Bitcoin are not investing because they will do it or will invest when the price drops. They are only wasting their time. Because time is the real wealth of people. When a person thinks about investing and then starts investing little by little continuously, after several years he will have a very good portfolio. And such a portfolio can guarantee his financial independence in the future. On the other hand, if someone waits for the price to drop, then that opportunity or good day will not come to him. Because the price of Bitcoin will never go down as you wish. And if it ever does, you will be worried that the price will go down further. And whenever the price goes up further, you will only regret it.While he is waiting, his cash in hand will run out for some reason. Therefore, he should fulfill his wishes while there is still time.

[Xtraordinarious]

Ultimately, whatever you do is up to you, and surely it seems to me that even investing into bitcoin for a whole cycle might not be enough to really accumulate a sizable position, even if you might be able to frontload your bitcoin investment.  Another thing if you invest into shitcoins you most likely have to think about them as a trade in terms of when to get in and when to get out of them, and frequently they are not really worth diluting your bitcoin investment by dickering around with shitcoins, but yeah, that is also your choice regarding whether to buy shitcoins and/or how much of your budget you are willing to allocate to shitcoins.  

I frequently suggest no more than 10 % the size of your bitcoin holdings to go into shitcoins and/or trading, yet at the same time, you have to figure out if you have some kind of a compelling reason to invest into shitcoins at a higher rate and/or whether there might be some compelling reason to deviate from such a cap, and surely the more shitcoins that attract your attention then the more your investment in bitcoin potentially get diluted, especially if you are not keeping adequate limitations on your shitcoin and/or trading involvement. and surely I had frequently mentioned to guys that even if they are investing 20% of their income into bitcoin, it is still going to take 5 years for them to get a whole year of their income invested into bitcoin, and so if they dilute their bitcoin investment it will take longer, and surely many folks have difficulties investing even 10% of their income, so that would take 10 years to get to 1 year invested in bitcoin, yet surely if you had already been investing prior to getting into bitcoin, then you surely might have some money (an investment portfolio already built up, and sometimes having an investment portfolio, then you have more to work with if you decide to reallocate some of the already accumulated value of that into bitcoin).

With an investment like bitcoin, we might be striving to get to a point where we might be able to have accumulated enough bitcoin (along with bitcoin's price appreciation) to be able to live off of the income from withdrawing from our bitcoin, which could take at least a couple of cycles to achieve such level of bitcoin accumulation and BTC price appreciation, and perhaps even longer if the investment is diluted into either shitcoins or even undermining the investment by trying to trade it or to overly attempt to time bitcoin price dips that might not end up happening.

Ultimately, what you do is entirely up to you, but from my experience, it is essential to have a clear plan to succeed in bitcoin investing. It is not enough to buy bitcoin, you need to understand where you stand and how long-term you are thinking. Many people think that taking a prominent position in bitcoin is. Straightforward, the reality is that it takes time to gradually reach that position from a regular income, sometimes 5 years, sometimes more.

On the other hand, I will say that with shitcoins, they are a lot like gambling. If you go into shitcoins, then you have to treat it as a trade. Timing is critical here; if you do not know when to enter and when to exit, the possibility of loss is more than profit. I generally advise that you should never put more than 10% of your Bitcoin holdings into shitcoins or trading. But that also depends on your risk-taking mentality.

The most important thing is that the more you engage in volatile investments (such as shitcoins or short-term trading), the further you will move away from your long-term goals in Bitcoin. Many say that Bitcoin investment is actually a game of patience where you want to get a stable income from this investment one day, but to get there, you need discipline, patience and focus.

So the bottom line is that you have to decide your own investment strategy yourself, but it should not be a hasty decision, but rather a calculated one, with a long-term plan in mind. Because the only way to survive in the crypto world is to play smart, not to win, but to survive.

[Silikiem]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I do not agree to the statement that “being a trader does not mean a person cannot be successful in long term investment,” because using bitcoin investment as a point of reference, for a bitcoin investor who keep selling or trading his bitcoin for a particular profit, don’t you think that when next he or she wants to accumulate bitcoin, he’s likely going to be buying bitcoin at a more higher price because the price of bitcoin will continue to rise, even though it comes down at some point. If that happens, then the individual will likely be at a loss for rebuying and accumulating bitcoin again at a higher price after selling off his current holdings for a certain profit. Most investors thinks they’re making profit after selling off their current holdings and embark on another journey of accumulating bitcoin but little did they know that they are running a loss and even losing their capital because they’re likely to buy bitcoin at a more higher price in the future and if they eventually feel that the price is too high for them to accumulate and decides to wait till it dips, then such approach is where they start getting it wrong because they are more likely to abandon their investment totally and not continuing with their investment due to the fact that they are waiting for the dip which does not occur. It’s advisable not to sell your bitcoin holdings especially when you’re still in your accumulation stage, the least you can do is that when you noticed that you’ve actually accumulated even more than your target and you’ve hodl for years and gotten to your point of over accumulation, you can employ the sustainable withdrawal method and just take out your profit and continue with your investment.

[Odusko]

I do not agree to the statement that “being a trader does not mean a person cannot be successful in long term investment,” because using bitcoin investment as a point of reference, for a bitcoin investor who keep selling or trading his bitcoin for a particular profit, don’t you think that when next he or she wants to accumulate bitcoin, he’s likely going to be buying bitcoin at a more higher price because the price of bitcoin will continue to rise, even though it comes down at some point. If that happens, then the individual will likely be at a loss for rebuying and accumulating bitcoin again at a higher price after selling off his current holdings for a certain profit. Most investors thinks they’re making profit after selling off their current holdings and embark on another journey of accumulating bitcoin but little did they know that they are running a loss and even losing their capital because they’re likely to buy bitcoin at a more higher price in the future and if they eventually feel that the price is too high for them to accumulate and decides to wait till it dips, then such approach is where they start getting it wrong because they are more likely to abandon their investment totally and not continuing with their investment due to the fact that they are waiting for the dip which does not occur. It’s advisable not to sell your bitcoin holdings especially when you’re still in your accumulation stage, the least you can do is that when you noticed that you’ve actually accumulated even more than your target and you’ve hodl for years and gotten to your point of over accumulation, you can employ the sustainable withdrawal method and just take out your profit and continue with your investment.

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

[Regardme]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I get what you are saying, and I agree that whether someone chooses trading or investing is really up to them. People have different risk appetites and different ways of handling the market, so there is no one size fits all approach. I have  seen folks who started as traders and eventually became solid long term holders after realizing the market can’t always be timed perfectly. On the other hand, I know some long term holders who occasionally take small, calculated trades just to grow their stack when a clear opportunity shows up.

But yeah, you are right about the risk side of trading it’s not as easy as it looks. I have watched people including my self jump into trades during hype, thinking I would make a quick profit, only to watch the market turn against me in minutes....Before I use to buy big position right before a dip, panicked, sold at a loss, and then watched the price rebound the next day and I really learn a lot of lessons from it..... That is why for most people, a steady investment plan with patience usually ends up being less stressful and more rewarding than chasing quick wins. At the end of the day, it justabout knowing yourself and making moves you are comfortable with.

There’s indeed a high risk in trading because it’s volatility can lead to rapid losses, especially with leverage. And trading is one thing that will require good time management, you’ll always have to monitor it. And as such it’s not advisable to go into such.

Investing in bitcoin is indeed the best practice, and patient is a principal thing when investing in bitcoin, since it’s long term price appreciation has been proven, although there maybe short time price fluctuations. But regular buying  and accumulating more bitcoin over time with your discretionary income using DCA strategy will save you stress and reduce the impact of volatility.

[SmartCharpa]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

Everyone has the freedom to live their life the way they want, and that also includes how they choose to use their money, whether it’s investing for the long term or taking risks in trading. I don’t think Humblevirus is wrong for saying that investing in Bitcoin and trading at the same time can be risky, because trading is very dangerous, and people can lose their money at any time.

But at the same time, investing in Bitcoin and trading does not mean someone cannot be successful. In fact, many successful investors hold huge amounts of Bitcoin and still trade regularly, sometimes just for fun. Xraordinarious account looks like that of a newbie, and that is why Humblevirus is advising him to focus more on long-term investment. This is good advice because most newbies are too eager to make quick money and end up losing.

[yixichloro2xx]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I get what you are saying, and I agree that whether someone chooses trading or investing is really up to them. People have different risk appetites and different ways of handling the market, so there is no one size fits all approach. I have  seen folks who started as traders and eventually became solid long term holders after realizing the market can’t always be timed perfectly. On the other hand, I know some long term holders who occasionally take small, calculated trades just to grow their stack when a clear opportunity shows up.

But yeah, you are right about the risk side of trading it’s not as easy as it looks. I have watched people including my self jump into trades during hype, thinking I would make a quick profit, only to watch the market turn against me in minutes....Before I use to buy big position right before a dip, panicked, sold at a loss, and then watched the price rebound the next day and I really learn a lot of lessons from it..... That is why for most people, a steady investment plan with patience usually ends up being less stressful and more rewarding than chasing quick wins. At the end of the day, it justabout knowing yourself and making moves you are comfortable with.

There’s indeed a high risk in trading because it’s volatility can lead to rapid losses, especially with leverage. And trading is one thing that will require good time management, you’ll always have to monitor it. And as such it’s not advisable to go into such.

Investing in bitcoin is indeed the best practice, and patient is a principal thing when investing in bitcoin, since it’s long term price appreciation has been proven, although there maybe short time price fluctuations. But regular buying  and accumulating more bitcoin over time with your discretionary income using DCA strategy will save you stress and reduce the impact of volatility.

Of course, trading is like trying to surf during a storm and it looks fun and exciting, but one wrong move boom and you are already wiped out. With leverage, even a small price dip can lead to big losses. And it is not something you can casually do on the side. You have got to be locked in, watching charts daily, reacting fast. If you have got a busy schedule or just want peace of mind, it is  honestly not worth the stress......Now, investing in Bitcoin and proper holding is a calmer, smarter approach. The price might swing short term, but when u zoom out and you will see the long term growth. Let us take  someone who started buying $50 worth of Bitcoin every month for like 8 years, no fancy timing, no stress just consistent buying. Today, they would have  already built a solid position without ever needing to trade......

[Onyeeze]

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon

Most of the people that are always waiting for the DIP to happen before they invest in bitcoin might not really be investing. If you really want to invest in bitcoin, then you won’t be waiting for the dip to happen first before you going to invest in bitcoin.

Since we don’t know how low bitcoin price will always go whenever their is a dip in the market, even when their is dip in the market, most of those people won’t be investing in bitcoin even when their is a dip in the market, they will keep on waiting for bitcoin to dump more, and even if there is a crash in bitcoin price, they still not going to invest because they going to be waiting for more dip in the market before they invest in bitcoin.

I do recommend DCA strategy when you planning to invest in bitcoin, and whenever their is a dip in the market, if you are having extra money, then you can just accumulate more bitcoin, you can take advantage of the dip in the market, but you don’t have to wait for dip before you going to invest in bitcoin. If you are waiting for dip to happen, then that’s means you not ready to invest.

anyone who want to invest in Bitcoin will not be waiting for when we enter bearish season before the person invest, I believe that anybody that is waiting for a bearish season that person is a beginner for bitcoin investment, a real investors of Bitcoin that person will invest at any time,that person will buy bitcoin at any time knowing that there is every probability for the price of Bitcoin to increase and there is every probability for the price to decrease, and that is why there is no perfect time to buy bitcoin there is no perfect time to sell your bitcoin because the price of Bitcoin is not constant, so you can buy and hold whenever you feel like to sell you can say your Bitcoin,the major thing is to have the capital, and if you have the capital, just buy and hold.

[Muba20]

Of course, trading is like trying to surf during a storm and it looks fun and exciting, but one wrong move boom and you are already wiped out. With leverage, even a small price dip can lead to big losses. And it is not something you can casually do on the side. You have got to be locked in, watching charts daily, reacting fast. If you have got a busy schedule or just want peace of mind, it is  honestly not worth the stress......Now, investing in Bitcoin and proper holding is a calmer, smarter approach.

Bitcoin is risky investment, so investing here will be risky, but if someone trades without holding, it becomes even more risky. A trader usually makes short-term investments, but investing in Bitcoin requires long-term investment. An investor will lose his wealth in short-term investments, but if he can hold on to long-term investments, he can get several times his investment according to the previous history. If those who invest in the short term sell Bitcoin, there is a doubt whether they will be able to buy Bitcoin at that price in the future. It is not possible to find Bitcoin's dip all the time. Therefore, one should increase their focus on long-term investments so that future opportunities are not missed.

[Derekfunds]

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon

Most of the people that are always waiting for the DIP to happen before they invest in bitcoin might not really be investing. If you really want to invest in bitcoin, then you won’t be waiting for the dip to happen first before you going to invest in bitcoin.

Since we don’t know how low bitcoin price will always go whenever their is a dip in the market, even when their is dip in the market, most of those people won’t be investing in bitcoin even when their is a dip in the market, they will keep on waiting for bitcoin to dump more, and even if there is a crash in bitcoin price, they still not going to invest because they going to be waiting for more dip in the market before they invest in bitcoin.

I do recommend DCA strategy when you planning to invest in bitcoin, and whenever their is a dip in the market, if you are having extra money, then you can just accumulate more bitcoin, you can take advantage of the dip in the market, but you don’t have to wait for dip before you going to invest in bitcoin. If you are waiting for dip to happen, then that’s means you not ready to invest.

anyone who want to invest in Bitcoin will not be waiting for when we enter bearish season before the person invest, I believe that anybody that is waiting for a bearish season that person is a beginner for bitcoin investment, a real investors of Bitcoin that person will invest at any time,that person will buy bitcoin at any time knowing that there is every probability for the price of Bitcoin to increase and there is every probability for the price to decrease, and that is why there is no perfect time to buy bitcoin there is no perfect time to sell your bitcoin because the price of Bitcoin is not constant, so you can buy and hold whenever you feel like to sell you can say your Bitcoin,the major thing is to have the capital, and if you have the capital, just buy and hold.

Waiting for the Dip before investing is a sign of lack of Bitcoin investment knowledge anyone who understands what Bitcoin is and how it operate won't see or consider waiting for the Dip as an option because the Dip doesn't tell people or create an awareness when it will happened so why waiting for something that is not certain. And Bitcoin is something we should not go about by predicting or guessing because this won't do us any good,  we should always endeavor to invest regardless of the market price and prepare for the Dip at same time so that we will gain it more than just waiting for the Dip. Someone who has a target and vision won't wait for Dip first.

[kanftka]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I get your point, and TBH it is true that trading and investing are both personal choices… It is not for anyone to impose what is better on someone else.…

But I will be real with anyone thinking of getting involved with trading, I am not here to sugarcoat it, this whole trading thing is something I have seen chew people up and spit them out more times than I can count….  And to be honest, this particular topic on this forum should not even be filled with so much talk about trading in the first place… We have dedicated sections for that. If someone decides to follow the path of trading, then go to the trading boards and talk about it there… Mixing the two constantly just drags the discussion in circles.

For me from my own experience, my humble advice is simple, just stay away from trading altogether. The stress and constant market watching, the emotional swings.. and the odds are not in your favor… But hey, whoever really want to learn from his own mistake and not someone else’s own, then none of us here can stop you, haha… Just know what you are getting into before you thing of going into it…..

[Joeboy]

Everyone has the freedom to live their life the way they want, and that also includes how they choose to use their money, whether it’s investing for the long term or taking risks in trading.

I very well agree with you on this. I read through some of the comments here( I don't need to start mentioning names), and I noticed how some persons painted trading like pure gambling, as if nothing good can ever come out of it, which for me is a very wrong way of seeing it. The truth is that trading can only feels like pure gambling when someone enters into it without knowledge, a clear plan, or proper risk management. With discipline, and then the right mindset trading is just like any other skill.

That being said, Bitcoin investments is however more preferable for me than trading Bitcoin, but that doesn't mean that trading is bad or wrong. At the end of the day it all depend on your mindset and what you aim to achieve. If your goal is simply to accumulate Bitcoin over the years without worrying yourself about short term price swings, or if your goal is simply to build a long term finacial stability, then Bitcoin investment is a good fit for you. Trading, on the other hand, is risky no doubt, but that doesn’t mean it is totally useless. If your goal is to take advantage of market movement for faster profits, growing of capital in a shorter time, or you simply enjoy analyzing charts and making quick decisions, then Bitcoin trading with a solid risk management is a better fit for you

[ruykeri]

Furthermore, people waiting for the dip can end up not buying any bitcoin when the dip comes, because they might have used the money for something else since they have been waiting and got tired of waiting, of course, they have their own dip price which they want bitcoin to dip to before buying as if they are the ones controlling the market. Waiting is never a strategy, because it deprives you from keeping your bitcoin accumulation ongoing consistently and persistently overtime till you reach your bitcoin target in future.

When you waiting, you are limiting yourself the chance of leaving your poor state to a better level with your bitcoin portfolio in future, because you will end up with very little bitcoin in your portfolio at old age.

Sometimes I wonder why people are even waiting for the dip before buying when they'll still encounter a dip while one the DCA, is it that they don't understand that there are so many dips to be bought along the way? Bitcoin is volatile so the price movement would be both ways that's why if you're thinking of long-term you don't buy only during the dip but employ the use of the DCA to balance both sides of volatility, people who mostly get tired are the ones who wait for what they call the perfect dip, they want to buy at the point when bitcoin is very low and could end up waiting for months and get tired cause since we're still in a bullish season it won't get to the point they want to start investing from. Yes waiting hinders lots of accumulation opportunities everytime they spend waiting counts and the more they wait the more Bitcoin keeps going higher.

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon, and one of the problem about this guys is that even when the dip occur yet they won't take advantage instead they will be waiting for the price to dip even more before they will be attempting to buy and even when the price dip the second time yet they won't be convince to start buying from thier, instead they will still be expecting the third one and in the process of waiting for the third one the price can surge from thier and they start waiting all over again. this are the challenges that comes when you choose to wait for the dip and this can probably make some guys to remain no coiner in the rest of thier lives.

I agree with you. In fact, those who want to invest in Bitcoin should forget the word DIP. They should think that the price of Bitcoin goes up and down frequently, but in the long run, it is much more profitable than investing in any other sector. There is no such thing as a perfect DIP in the Bitcoin market. If we look at the previous statistics, we will see that the price of Bitcoin has decreased occasionally and within a few weeks, it has increased much more than before. So if someone expected that value will be more DIP but its increase suddenly then he cant invest for his waiting to expected DIP. And the Bitcoin market is such a platform that it never closes. So it can be seen that even if it goes down to a DIP , the price increases again very quickly. Then one is forced to buy at a higher price. And such problems create mental instability. Therefore, investing in Bitcoin can have a negative impact. Greed can work, like gambling , there is a desire to become rich very quickly. And if you invest by following the DCA method, you do not have to face any of the above problems. Because if you invest regularly by following DCA with discretionary income, there is no intention of the price going up or down. If you invest for a long time, the profit always goes up. Looking at the past data, it is clear that a common thing that everyone who has a rough idea about Bitcoin knows is that Bitcoin reaches a new high roughly every 4 years. And the price increases several times from the average price of the previous 4 years. So we should invest with discretionary income for at least 4 to 10 years.

[Lidger]

There’s indeed a high risk in trading because it’s volatility can lead to rapid losses, especially with leverage. And trading is one thing that will require good time management, you’ll always have to monitor it. And as such it’s not advisable to go into such.

Investing in bitcoin is indeed the best practice, and patient is a principal thing when investing in bitcoin, since it’s long term price appreciation has been proven, although there maybe short time price fluctuations. But regular buying  and accumulating more bitcoin over time with your discretionary income using DCA strategy will save you stress and reduce the impact of volatility.

When a person trades with Bitcoin, he has to start this business with a relatively high risk. Another difficulty in trading is that a trader has to observe the market well at all times and how the candles are changing. If a trader makes a mistake, there is a possibility of a big loss of money, so I agree with what you said about DCA investment. Investing in Bitcoin is a relatively low-risk step and here an investor can continue investing by ensuring maximum security of money.
In the DCA investment method, an investor can invest independently as well as he can hold this investment for a long time. So I think we should pay more attention to Bitcoin instead of wasting time on trading unnecessarily.

[Lembo69]

So many people get wrecked because they did not build that safety net first… It is like trying to swim without a life jacket, eventually, the waves get too rough. Having an emergency fund isn’t about being weak or scared, it is about protecting your future self and your long term goals. When you have that buffer,

Your comment seems to suggest that we need to build an emergency fund before we start investing. Waiting to build an emergency fund before starting investing is not the right decision.

As you said, it is like trying to swim without a life jacket, basically we put on a life jacket before we get into the water. But if we use this in the case of investing, it will not be right at all. If we wait to build an emergency fund before investing,

What you are suggesting is actually what seems to be swimming without a lifejacket because when you thought that you can confidently swim without getting tired you neglect the help of a lifejacket and if eventually you began swimming and the unforseen happened that you get tired you began recall back how you could have prevented it if there was a lifejacket so actually in Bitcoin the lifejacket is the emergency funds because they are your rescue at every given moment of challenges so actually building before investing is also a smart way because you shouldn't think that as a starter there is nothing to disrupt you. What if you start without emergency fund how would you manage everything?, will you run to your investment at every call?. Someone with an emergency fund is confident than someone without it because the person with the emergency funds has a place of shelter while you do not have.

If you do not have an emergency fund, both your investment and you will be at risk. The reason for this is that people do not know what to do when there is danger in their lives. And during a disaster, people's minds become like turbulent waves. Then they cannot understand what to do. For this, selling investments is a common thing, they do not hesitate to sell their homes. They just want to get rid of that disaster and get a solution. But if there is an emergency fund, no matter how big the disaster is, such as illness or losing their job, they will have an emergency fund in their mind. And they will try to solve it with that. If you do not have an emergency fund, you will have to reach out to your friends or relatives. If they immediately express their unwillingness to help you, it will be insulting.

So, along with investments, have an emergency fund. Prepare for your emergencies in advance. Never lose your investments. Try to increase your investment portfolio as much as possible. The investments you make will one day give you a golden smile.

And an emergency fund is like a trusted friend. If you suddenly fall into a well and you have that trusted friend with you. You have faith in him that he will pull you out of the well, even if it is with a rope. The same is true of an emergency fund. It will come in handy at that time when you are helpless. So, along with investing, having an emergency fund will be like a friend in danger for you.

[Agbamoni]

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.