Buy the DIP, and HODL!

[BitcoinsGreat]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.

Trading and investing in bitcoins are two different things, and both have different scopes. I don't want to discuss much in detail between the two but for your information, DCA works even better in investing as compared to trading.

I will just let you know one thing, if you trade crypto and bitcoin, you may earn daily, weekly or monthly earnings but it can only be the kitchen money which you will make with trading (if you have less capital). However, you can become a millionaire if you're an investor in Bitcoin and you have the tendency to hold Bitcoin for years.

[1715282234]

1715282234

[1715282234]

1715282234

[adultcrypto]

It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets. and how Bitcoin is no exceptional will crash.

The statement that Bitcoin will crash if the stocks and commodity market crashes was a personal opinion of one or few persons. There were many counter opinions and some even cited the market crash due to covid19 that did not affect Bitcoin, instead coincided with the 2020 halving that lead to the bull run of 2020/2021.

Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin

I don't see any logic in talking ill of Bitcoin if you are holding or invested in Bitcoin. On the contrary,  people who are tired of holding will be saying nice things so that price will rise for them to sell. They are invested in Bitcoin to make profits so they will not fud when they are still holding.

Recently there have been several reports of more whales getting involved in Bitcoin and that's a good sign. I have the strong believe that low prices of Bitcoin will soon be over because next year is halving so those huge buys coming in might just be people preparing towards next year's big news.

[GigaBit]

What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.

If investors think more potential in Bitcoin and hold more then of course the price will increase due to the holding. First we need to be aware of why we should choose Bitcoin as a holding. In this regard bitcoin circulation, maximum supply and demand are the most important factors. Not certainly but we can make a prediction that Bitcoin price will surpass it's previous ATH. Which is not possible with any altcoins. Temporarily, many people try to make money by investing in altcoins and making a plan like gambling. There some will gain while others will lose their money. Some will do this consciously and many will do this type of mistake because they don't know. I would like to say  those unconscious investors that if they had better understood the benefits of holding in Bitcoin, they would not have gone down such a wrong way. If investors are more aware they will try to collect more coins. If everyone tries to hold, demand will increase and ultimately the price of Bitcoin will increase. Today the total marketcap in the cryptomarket is 1.13 trillion where 545 billion in Bitcoin so I can never compare bitcoin with any other coins in the crypto market especially holding purpose.

[Raflesia]

Few understand, and it includes Hillary Clinton.

BUT her blame, I believe, is wrong. Instead of blaming Bitcoin, she should blame the people behind the current banking/fiat/financial system on why Bitcoin can potentially undermine the U.S. Dollar as the reserve currency.

This is not something new because they (the government/people in power) are unlikely to blame themselves for what they do to the banking system or fiat because according to them, they are the ones who are right and have the power so it would be very unlikely that they blame themselves.
Whatever it is I will just read and regardless of what is said it will not really affect me because when they have such beliefs and try to blame bitcoin then I also have the belief that I believe in bitcoin
What they think is right is not necessarily what we think is right and vice versa so when in bitcoin it is enough to stay confident and do as it has always been done by doing an investment strategy according to what we did before.

[danadc]

~snip~

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading

The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.

I think something, that is very wise, if we have BTC whatever, we should do it, no matter how much it goes down, if it goes down it is always an opportunity to have more satoshis, let's not see it as if we were losing money, every time Bitcoin goes down if we don't have money to buy , it is Recommended to buy, I don't see Bitcoin as a failure or losing money, I always see it as winning , when looking at the chart the trend is always bullish, it is not downward like there are other actions , or other currencies.

BTC is the opportunity, there is no other option, with bitcoin you can have the luxury of now, with fiat money you save and if it falls you will lose the value of the money , with bitcoin our money is valued.

If we could change everyone's way of thinking , I think BTC would be more valuable than any investment.

A very good article that is from July 28, but I find it interesting:

Key Points

So far in 2023, Bitcoin has surged amid renewed investor interest.
The Bitcoin halving and looser monetary policy are potential near-term catalysts.
Greater institutional interest might be a game changer for Bitcoin.
Motley Fool Issues Rare “All In” Buy Alert

This is mainly due to the basic economic theory of supply and demand. The supply of new Bitcoin that enters the market is reduced, but over time, demand has generally increased. This creates the perfect scenario for a bull run.

The next halving is forecast to occur in April 2024, about nine months from today. If history is any guide, now could be one of the best times to buy Bitcoin.

Source: https://www.fool.com/investing/2023/07/28/bitcoin-buy-the-dip/

They talk about what has happened since the $69k price was there, quite an adventure.

[Frankolala]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.

Maybe you got @gunhell16 wrong, but I don't, I do this in trading myself. The DCA approach is a general term in investment but traders are buying a similar idea as well in their trading. As in investments where you divide your funds into equal parts for subsequent investment periodically and at different prices to hold for long-term. A similar approach is being employed in trading as well and could be encapsulated in the money and risk management trading context.

In trading, one could have $1000 and decide to divide it into 10 equal parts ($100 each) instead of risking the whole money at once, which is a very good idea to me. I do this often and it's a great idea to be more conservative, calculative, planning and consistent in my trading approach as the market is dynamic, no one knows the trade and the portion that will be most profitable, which is why this idea is wise. Except that DCA is more popular in Investment/HODLing.

I don't buy that idea that trading can be used to increase your bitcoin portfolio. Trading will only distract you from increasing your bitcoin portfolio, because as long as you believe in that whimpy idea of increasing your bitcoin through trading, you must always trade, even when you are making loss. Trading is like gambling, whereby you have the mindset of making money from gambling, you will end up chasing your loss and losing more. If I have $100 like you said, and I didn't trade with any fraction, I will make more profit in the long term compared to someone that traded with a fraction from his $100. We are talking on how to increase our bitcoin portfolio and not on how to reduce it and only DCA method is more efficient. A trader reduces his bitcoin investment and is expose to higher loss than an hodler, who uses DCA regularly.

~snip~

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading

The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.

Bitcoin is called a risky asset because of its volatile nature and that is why, one needs to invest with only the amount that he can afford to lose, so that if bitcoin price goes below his entry point, he can just ignore the price and keep on hodli. That is why it is advisable not to borrow money to invest in bitcoin so that you don't end up selling when it isn't your will, to avoid loss.

[Roseline492]

I don't buy that idea that trading can be used to increase your bitcoin portfolio.

You are right mate even me I don't believe or like the idea of accumulating Bitcoin through the trading profits, that's a very bad strategy to use as an investor who wish to have good portfolio of Bitcoin, perhaps what most people forget is that trading doesn't always work the way it seems to be, however trading is very risky that the possibility of making a profits is not certain and the risk of losing your capital is very high, so the question is what if the account got blown on the process what will happen to the plans of accumulating the Bitcoin?,  I observe that greed is one of the factors that establish failure, people always want to use one stone to kill two birds at a time which may not always work all the time,  but perhaps instead of using that uncertain strategy he should have just adopt DCA strategy instead which will save him from the risk of losing his capital for trading.

[ginsan]

What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.

And one of the best options for holding Bitcoin will not make us experience a Rugpull like what happened to other shitcoins like FTX and Luna. Many investors have lost their money investing in Shitcoin so wouldn't it be a valuable lesson for all to prioritize their investment in Bitcoin.

The strongest reason that holding Bitcoin is better than holding Shitcoin, because Bitcoin has seen better price increases from year to year. Even if someone has 1000 Shitcoins in their portfolio then when compared to someone who holds 1 Bitcoin in their wallet in the next 10 years then the victory will belong to the Bitcoin holder rather than the Shitcoin. I admit everyone probably has shitcoins in their portfolio even if it's no more than 1% of their assets. I'm not even that interested in shitcoins because I already have the confidence to just keep Bitcoin in my portfolio and Bitcoin is the one that we have right now.

[Stepstowealth]

Do you think that if we all hodl, the value of coin will go up?

The strongest reason that holding Bitcoin is better than holding Shitcoin,

Bitcoin is better than shitcoins and not everyone knows this, so not everyone is keeping their bitcoins. There will not be a time when everybody into bitcoin will be keeping their bitcoins, because not everybody that has bitcoin has strong discipline to keep it, and some others know bitcoin for use as transaction, and there are also the people who are more focused on keeping altcoins instead of bitcoins. For that reason, no matter how much people say an investor in bitcoin should keep their bitcoins for as long as possible, everyone will not still be able to keep it. There will always be people using bitcoins and not just keeping it to increase in value in their wallet.

[ginsan]

Do you think that if we all hodl, the value of coin will go up?

The strongest reason that holding Bitcoin is better than holding Shitcoin,

Bitcoin is better than shitcoins and not everyone knows this, so not everyone is keeping their bitcoins. There will not be a time when everybody into bitcoin will be keeping their bitcoins, because not everybody that has bitcoin has strong discipline to keep it, and some others know bitcoin for use as transaction, and there are also the people who are more focused on keeping altcoins instead of bitcoins. For that reason, no matter how much people say an investor in bitcoin should keep their bitcoins for as long as possible, everyone will not still be able to keep it. There will always be people using bitcoins and not just keeping it to increase in value in their wallet.

They have not felt regret, big losses and stiffness in their minds about the Shitcoin they bought. Market dominance is controlled by Bitcoin so there is no reason if they don't have Bitcoin in their portfolio. Although sometimes it takes them a long time to make themselves aware that investing in Shitcoin will bring them to Rekt. But if they realize it earlier it's certainly better because they can use the money to buy Bitcoin instead of losing everything if the Shitcoin they hold goes to Zero.

I understand your point. But everyone has their stages to reach the final level in Bitcoin investment before they sell their holdings. In this pattern everyone is looking for a profit in their investment and if they already get it will probably sell their Bitcoin holdings and Buy again at a lower price level. Everyone is looking for profit and not to hold it for life because we need to enjoy the benefits of our investment to buy what we dream of in our life. I explained that everyone has their own stages and has a target for when to come out and when to buy again.

[Salahmu]

The strongest reason that holding Bitcoin is better than holding Shitcoin, because Bitcoin has seen better price increases from year to year. Even if someone has 1000 Shitcoins in their portfolio then when compared to someone who holds 1 Bitcoin in their wallet in the next 10 years then the victory will belong to the Bitcoin holder rather than the Shitcoin.

Actually there is no way you can even compare shitcoins with Bitcoin, I wonder what most people sees on shitcoins, we should abstain from even talking about it here because is not an investment advice, so many person has lost there funds all in the name shitcoins which the price movement are always influence by the news and other influencers like Elon musk use it as a strategy to make money from shitcoins as such making a tweet about any shitcoins and immediately you will see price skyrocketing and the next hour it comes down and before then has made his profit while others are stock with there lost, so we should only focus on accumulating Bitcoin which we no the potential will be good in the future.

[JayJuanGee]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

What method are you referring to? DCA has nothing to do with trading whereas DCA only focuses on accumulation regardless of price, traders are obviously different and they just want to be fast whereas the focus of this thread is how DCA strategy and its management over time.

We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)... but we are not necessarily going to agree about which methods to use to accumulate BTC - even though many of us, including yours truly assert that trading and/or selling to accumulate more bitcoin is not a good strategy for newbies, even though it could possible work for people who have been in bitcoin longer and they figure out ways to get ahead of the BTC price.. but at the same time, part of my problems with those folks touting out trading strategies in order to accumulate more BTC is that they are frequently acting as if anyone can just jump into trading and "obviously make more BTC" by trading rather than sticking with the more basic and even better strategies that involve various ways to accumulate BTC through various forms of buying and including HODLing if you happen to end up running out of money to buy more BTC.

You don't need to be disappointed if you believe the price will be $100K, what will be disappointed is too focused on thinking about price speculation while you ignore the more important accumulation just to say that, if you feel you still have time before the halving arrives then do the DCA strategy now even if it is still a little longer, but that time should be used to accumulate as much as possible and the longer the better.

So yes increasing you DCA now because you believe that the BTC price is going to go up is a forum of buying on dip, so it is not necessarily strict DCA, but surely depending how anyone might carry out their DCA it still could considered a fairly pure form of DCA in the sense that we might want to increase our DCA during certain times because we are striving to get to a certain DCA allocation faster. .so then maybe once we get to our target DCA level, then maybe we can modify our approach after that.. ..

Let's say for example, you have a $100k investment porfolio, so your target is to get your BTC portion up to 15% based on your own investments into BTC (rather than merely BTC price appreciation), so if you might just be starting out investing into BTC you might be feeling a bit stressed because even if you invest $100 per week, it would take you nearly 3 years to get to $15k, and you have a kind of feeling that you get more BTC right now for that $15k because you get the sense that the BTC price might be going up in the near future..  so whether you are just strarting now or maybe you already started a few months ago, but you might decide to try to invest $3k per month into BTC so that you can reach your $15k invested into bitcoin within about 5 months.  Some people have abilities to be more aggressive like that based on their own financial circumstances, and sure we could still call that investing $3k per month over the next 5 months to be an engagement in a kind of aggressive and/or front loading DCA strategy.. and then maybe once the person gets up to the target, then maybe after that they resume a less aggressive BTC investing strategy, whether that is $100 per week or some other amount that they consider to be within their discretionary budget and the balancing of how much they want to invest into each of their various investment assets (and no, I am not referring to investing into shitcoins in terms of anything that anyone should be considering as part of a long term strategy, unless it is less than 10% of the bitcoin amount.. and while employing precautions along the way in terms of which shitcoins.. instead other investments might well be stocks, property, bonds, commodities, and/or cash/cash equivalents... again not shitcoin.). 

The stupidity in “blockchain technology” land. But this is very BULLISH for Bitcoin. Headlines like this is an example that more dumb money will go to shitcoins, then Bitcoin. Buy the DIP, and HODL.

Cardano will probably is not the next Bitcoin because there are better options there but Cardano is not a shit coin. Shit coins are coins like Dogecoin, ShibaInu, Internet Computer (ICP) coin, etc...

Don't be retarded.

Of course, Cardano is a shitcoin.

Stop trying to create a hierarchy regarding which shitcoin is less worse.

All altcoins are shitcoins that creates a token.  Bitcoin is different than those, even though it has its own token.. but it is the one that created a paradigm shifting method of sound money. .and the bitcoin tokens help to establish the various incentives around bitcoin in terms of its mining and the various seven network effects as were outlined by trace mayer.

Because we are not merely “investing”, and if you ask me, HODLing Bitcoin is something every individual should do “just in case” you need to utilize Bitcoin’s main value proposition. Censorship-resistance. It is something you think you might not need, until you are forced in a situation that you might need it.

What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.

Apparently, you do not understand ideas behind bitcoin in terms of sound money and even Austrian economics in contrast to keynsian economics.

You may well be so emeshed into keynsian economics that you believe that is the only thing that works in terms of how incentives are created and also the time-preference factors of money.. so for example, if someone ONLY were to accumulate and hoard bitcoin, and if such person no had any other kind of money or assets to spend, such person would have to spend his/her bitcoin if s/he would like to eat/drink, provide shelter for him/herself and various other costs of living...including buying the IPhone 15 rather than not having any phone because his/her Iphone 11 broke... yet if such person has lesser valuable kinds of money to spend in order to buy such wants and/or needs, then s/he is going to spend those lesser forms of money first, prior to spending his/her bitcoin in the same kinds of Gresham law dynamics that already exist in the world. 

you think that people are going to stop spending money and hoard their bitcoin. .that's bullshit.  they are going to spend it.. especially if they feel that they need to consume now rather than later, and if they try to consume later, they will be dead... so there are surely preferences to consume now instead of holding onto bitcoin, as I already describe.. the real way that the world works and functions rather than your made-up, misleading and fantasy keynsian economics mumbo jumbo.

[edited out]

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

which is also far from a given, even if like you said, you are merely describing what you believe to be "greater likelihoods" blah blah blah.

Do you believe it can be possible?

What are you talking about?

A lot of things are possible, and I suppose even Wind_FURY and I are largely arguing about the extent to which BTC is coordinated to various macro-factors, and I am disputing with his view that bitcoin price has to dip, even if various other asset classes end up dipping.. and another thing is that bitcoin might dip, but it might go up first, so that when it ends up dipping it is not necessarily dipping in a correlated way, even if some folks are going to continue to presume and proclaim that bitcoin is correlated and other nonsense like that.

It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets.

It is your choice the extent to which you want to involve government and political happenings in your discussion about whether you believe bitcoin prices are going to dip, and you may well end up getting shouted down for being a dummy... but you are free to raise them..

Another thing, a lot of the more active members in this particular thread are preferring to figure out how to manage their own bitcoin stacking plans, and perhaps trying figuring out ways to possible increase the amount of coins that they might be able to stack, and so trying to figure out what government and politics might do may well ONLY be a small part of whatever factors each of us are considering.. .and maybe even a bit of a distraction, even though you are free to raise such points, like you already did.

and how Bitcoin is no exceptional will crash.

Maybe it will and maybe it won't..

Good luck if your vision is ONLY in that one direction, you are likely going to need such luck - and probably you don't even understand bitcoin anyhow.. or perhaps you don't see that there might be some potential opportunities to buy bitcoin if there does end up coming some kind of a major dip (that you consider to be a crash)... but it is not even close to guaranteed that such a crash/dip will end happening.. even though some folks like to focus on such pie in the sky ideas... frequently no coiners, bitcoin naysayers, shitcoin pumpers and/or government/financial institution shills.

I know we are in a bear market in which multiple geo-political/ economical events are highly fueling the fire in dropping the price of Bitcoin.

Who said we are in a bear market?  You are trying to suggest we are in a bear market for some kind of a reason?

I see a BTC price correction from $69k down to $15,479, and then I see a recovery after that.. so a bear market would presume that the bottom is not in.. which is surely starting to seem like a long shot now.. but we could well be in a transitional period between bear and bull.. so people are not really clear.. but it is far from certain that bear market is the correct definition regarding where we happen to be at this time, even if you have fantasies in that direction.

Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin because its obvious that this factors have their advantages as well, the price of Bitcoin which is low, now good to buy even more at least a lot of average persons who has keen interest will be able to afford and accumulate some good amount at this period.

Well, at least you recognize this part. which is that bitcoin seems to be in a good place right now in terms of current BTC prices.

Even a lot of people are holding risky altcoins that may never recover from the crash and they still believe it will go up, tell me why should we lack confident in Bitcoin because of mere economic factor which has been there from the start of life.

You make some decent points here.. even though who really cares about shitcoins.. especially in this thread, but your points about bitcoin in this last section seem reasonable.

[UmerIdrees]

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.

[Roseline492]

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.

Actually these is just the summary of all our discussions, however our goals of investment is to have a good return in the future and perhaps the only way we can achieve the goal is only by holding because Bitcoin price is actually very volatile and the only way to really see how potential and what the future holds for Bitcoin is by holding for a long time, that's why short time holders is not good for Bitcoin investment because of it volatility and the possibility of seeing a return may not be certain.

So what are we waiting for let's start accumulating Bitcoin  and leave the future to determine our faith on Bitcoin.

[Sayeds56]

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.

Certainly, when a high-profile figure like CZ, who has millions of followers on social media, imparts wisdom of Bitcoin. It's good idea to listen and think what he is saying but with due diligence. This statement aligns harmoniously with the viewpoint of highly regarded member of Bitcointalk forum @Jayjuang. He is one of the strongest believers in potential of Bitcoin to reward its long-term holders (5 to 30Years) I have been following his wise advice since 2021 and keep buying Bitcoin regularly by using DCA strategy, and especially when its price drops significantly.

[MCUKing]

We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)..

Hi buddy.. After the exchange of views a couple of times a discussion between the members and my own experiences and learning I started a topic in the Bitcoin discussion where I was expecting that seniors would guide and put forward their views on the Different strategies adoption in different market zones. Haha but unfortunately the topic became a simple DCA praising discussion.

Anyway I would like active members from here to discuss the topic there according to their perspective, it would really helpful for the newbies and members like me who are desiring to get some wordic from the series on different aspects.

Previous Topic Name: How To Accumulate Bitcoin More Effectively In Any Market Zone

Current Topic Name: DCA vs Zone Specific Strategies While Accumulation of Bitcoins

[YUriy1991]

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.

In my opinion, even though CZ is very familiar in the world of digital currency and his powerful message, perhaps only the majority have heard it. As for implementing patterns and strategies, yes, that's up to each person, be it the DCA model, natural/instinctive patterns or something else. But, usually Crypto Traders always look for the best in Bitcoin Trading with the help of experts because hacks on Crypto Exchanges often occur.

[Wind_FURY]

[edited out]

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

which is also far from a given, even if like you said, you are merely describing what you believe to be "greater likelihoods" blah blah blah.

Do you believe it can be possible?

GOOD QUESTION, and personally, I believe the probability is higher than what the "smart people" in the forum expect.

It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets. and how Bitcoin is no exceptional will crash. I know we are in a bear market in which multiple geo-political/ economical events are highly fueling the fire in dropping the price of Bitcoin.

What would you say it's "sad" because it's actually not. It's just part of the dynamic that affects everything in modern civilization. Plus everything is currently more inter-connected now because of the internet, it's unavoidable.

Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin because its obvious that this factors have their advantages as well, the price of Bitcoin which is low, now good to buy even more at least a lot of average persons who has keen interest will be able to afford and accumulate some good amount at this period. Even a lot of people are holding risky altcoins that may never recover from the crash and they still believe it will go up, tell me why should we lack confident in Bitcoin because of mere economic factor which has been there from the start of life.

OK, then should we throw the facts out of the window and merely hold on to what you want to believe will happen? Because it's a fact that we're currently in a phase of Quantitative Tightening because Inflation is not transitory, it's sticky. If the tightening continues, there would be less money in circulation, which will mean in time, there will be less demand, less cash for those who need it, it will cause lay-offs, then a recession. Do you believe there's a higher probability that Bitcoin will surge higher in such an environment, or crash lower?

I'm not talking/asking about HODLing or investing. I'm asking for everyone's opinions about Bitcoin during a recession environment.

[mehmetosman89]

In my opinion, even though CZ is very familiar in the world of digital currency and his powerful message, perhaps only the majority have heard it. As for implementing patterns and strategies, yes, that's up to each person, be it the DCA model, natural/instinctive patterns or something else. But, usually Crypto Traders always look for the best in Bitcoin Trading with the help of experts because hacks on Crypto Exchanges often occur.

Each different trading pattern will give rise to different goals for everyone, because people who like trading with short term durations may be more likely to consider suggestions that are only profitable for a moment. But for people who like long-term investments, perhaps the pattern they will apply is DCA because it is more suitable for continuing to buy Bitcoin without remembering to trade at any time. Although such people also set their targets for long-term profits, other than that it may just be a differentiating pattern for each person in carrying out their own work based on the patterns of their own thoughts.

[Frankolala]

Usually, when famous people say something, people tend to listen more carefully and attentively.

If you want to be rich, you gotto HODL. This can't be more simple than this.

In my opinion, even though CZ is very familiar in the world of digital currency and his powerful message, perhaps only the majority have heard it. As for implementing patterns and strategies, yes, that's up to each person, be it the DCA model, natural/instinctive patterns or something else. But, usually Crypto Traders always look for the best in Bitcoin Trading with the help of experts because hacks on Crypto Exchanges often occur.

CZ is talking about hodling, and you are talking about trafing, how do both words match. When any investor is not patient with his bitcoin hodling, he will end up selling at the price that he doesn't desire to sell. I will also say that short term bitcoin investors are traders and not investors. This is because, bitcoin investment is designed to be a long term investment due to its potential. An investor will have patience with his bitcoin portfolio to grow while he keeps on increasing his bitcoin through DCA method.

In a normal investment that is not bitcoin, you don't expect to set up your investment and after a short period of time, because you have made 2% profit, you eat up the profit and leave the business in a stagnant shape, that business will end up failing when misfortune catches up with the business. This is how it is in bitcoin but bitcoin is even more risky because of its volatile nature. Whereby, the price pumps and dumps, only long tern investors will survive the market and have good significant amount of bitcon.