Buy the DIP, and HODL!

[Popkon6]

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

Yeah actually as I always mention on my previous comments, my opinion about the impact of economic recession on Bitcoin is always a likelihood of price increment, however when we talk about recession is actually a situation when there is a decline on economic growth as such resulting to lack of activities, so in this case most people will be looking for an alternative to invest there valuables as such seeing Bitcoin as the only way to invest there money knowing how reliable Bitcoin is and with the hope of making profits in the future, so in this case everybody will channel all there funds investing on Bitcoin as such creating a higher demand on Bitcoin which propels the value of Bitcoin, so recession doesn't affect Bitcoin but instead it will increase the demand and making the price to increase.

If you are referring to the price of bitcoin going up or down then I would say it has nothing to do with the price of bitcoin going up or down. Especially if you want to invest in Bitcoin for the long term, you can invest at any time. Because long-term investing in bitcoin futures is to invest according to the weekly or monthly DCA strategy. It is completely wrong to decide to sell your Bitcoin portfolio when you see a small gain whenever you think about the price. Because DCA strategy is to save small amounts for long term savings.

The main goal is not to sell, the main goal is to hold investments.

[Obim34]

Right, I quite agree with your assumption, and honestly I would also say the same thing, which seems to be true that the price decline to the $25k area is over, I also won't say that this is certain but it is still speculation and I say it according to the predictions that I know, the last time I saw the price of $25k was at the beginning of September yesterday when the price was in a sideways phase and was looking for indications for the next price formation. One resistance in the previous time has been successfully broken and if we look at the formation of new support afterwards it is much higher than the previous support, and I see the latest support in the short term is in the area or price of $ 26,200.
So in my view just looking at the formation of this trend confirmation is enough to conclude that bullish has begun to dominate and of course that means for the short term or even the next few months the price will not return to touch the price of $ 25k.

It's true like there are some people who say they like to know everything when in fact it is very difficult to fully predict, and maybe even if it can be only a few percent accurate. Honestly in this matter I would not really advise people to follow my way, because obviously everyone's perspective must be different in terms of analysis, and well maybe I'll just try it myself because indirectly it's like testing my own abilities to what extent. And well the point is there will always be a reason why prices can move, or I mean the reason why prices can lead there, and I'm always learning to improve my knowledge in order to find out that reason.

It can still be very uncertain that your speculation could be wrong on this idea of Bitcoin at 25k era is over. Many person has done much speculation on the price of Bitcoin, where else the price drops below the speculated range. i should believe with the volatility of Bitcoin it is very difficult to identify when the bull run begins.

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

Something called safe play is DCA and something called value investing with risk management, hope so its sufficient enough to point out what I'm talking about.

I have been going through this comment here trying to figure out what the points are but from my understanding you still doubt the sufficiency of using the DCA strategy in Bitcoin accumulation, where else DCA has proven times without number, it is clear enough that DCA tops the lead in the strategies of Bitcoin accumulation

[Salahmu]

The Fear of missing out (FOMO) has made many people to go into debts and ultimately forced to exit the market when it is not yet time to reap the profit of their investment.

Fear of missing out is one of the factors that brings failure to investment however most people has actually fall a victim of Bitcoin market structure, were as they believe that since the Bitcoin price is a bit lower, they try every means possible even to the extend of getting a loan in other to accumulate a  huge number of bitcoin because of the fear that they may not get the right chance again to see Bitcoin on that particular price and that perhaps the bitcoin price could moves very higher than there expected entry points.

So actually you are very correct this was a similar issue my colleague had, he saw Bitcoin when the price was still at $25k so considering how far the price had gone before when it made the all Time high so he sees it an advantage to accumulate good number of Bitcoin while he can now so he tried every means possible by using all his savings to acquire the Bitcoin in other not to miss out this opportunity, so it was a good move but the strategy was very aggressive because he had use all his savings in accumulating the Bitcoin and was not upto a month he started feeling the heat due to some pressing needs so he start panicking and the investment became affected and was left with no uption but to sell it off.

Although he was very lucky that before those pressing needs came out, the Bitcoin price had already gone beyond his buying point so instead of losing he made a bit profits, so with that experience he had, he was able to encourage people of the consequences involves on making a rash decision due to the fear of being left out from investment, so no matter how Bitcoin price may drop down is very unwise using all you have to accumulate Bitcoin because later on it may seriously affect your investment, and perhaps in times of Bitcoin no time is late, we can always invest whenever we feel we are ready, but the only different is that it will take a longer time to gather or accumulate your expected amount due to the price increment.

[Hewlet]

Accumulating more when Bitcoin is down is more beneficial then when its up.

that's the whole brain behind buying the DIP and HODL.  Though impatience might creep in when there is a a sudden increase or some sort of market fluctuation and the tendency to sell it might seems the only option, if you are able to ignore the fluctuation and wait patiently your asset will yield something very reasonable with time

[adultcrypto]

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

Yeah actually as I always mention on my previous comments, my opinion about the impact of economic recession on Bitcoin is always a likelihood of price increment, however when we talk about recession is actually a situation when there is a decline on economic growth as such resulting to lack of activities, so in this case most people will be looking for an alternative to invest there valuables as such seeing Bitcoin as the only way to invest there money knowing how reliable Bitcoin is and with the hope of making profits in the future, so in this case everybody will channel all there funds investing on Bitcoin as such creating a higher demand on Bitcoin which propels the value of Bitcoin, so recession doesn't affect Bitcoin but instead it will increase the demand and making the price to increase.

If you are referring to the price of bitcoin going up or down then I would say it has nothing to do with the price of bitcoin going up or down. Especially if you want to invest in Bitcoin for the long term, you can invest at any time. Because long-term investing in bitcoin futures is to invest according to the weekly or monthly DCA strategy. It is completely wrong to decide to sell your Bitcoin portfolio when you see a small gain whenever you think about the price. Because DCA strategy is to save small amounts for long term savings.

The main goal is not to sell, the main goal is to hold investments.

You have said it as it should be. Those that sell when they see small profits are just scalpers or day traders; they are those that worry about the price. They may have their own strategy of buying to be able to sell for a profit but I find it too risky and more or less gambling since most of them easily feel worried when the profit is not coming as fast as they expected.

Another problem with the short time buy and sell is that those who engage rarely grow their capital significantly because most of the time, they miss the bigger moves. This is why I do not really consider this method safe for me. Take for example, if Bitcoin move from the price it is now, $27,600, and move upward, the short term traders who bought maybe at price of $30,000 will likely sell when price reaches $32,000 -$35,000. If the price continues further to $40,000 and beyond, they would miss the entire move. They will continue to wait again until they see some dips which we are not sure will happen below $40,000 again as price can move as high as $50,000 before retracing to like $45,000. I am just trying to give a example of how they can miss the major moves.

But with DCA method, no chance to miss any opportunity as there is the confidence that the overall portfolio will grow both in Bitcoin and in dollar value. This will take time to build something huge but it is a reliable way to build for the future.

[Frankolala]

The Fear of missing out (FOMO) has made many people to go into debts and ultimately forced to exit the market when it is not yet time to reap the profit of their investment.

Fear of missing out is one of the factors that brings failure to investment however most people has actually fall a victim of Bitcoin market structure, were as they believe that since the Bitcoin price is a bit lower, they try every means possible even to the extend of getting a loan in other to accumulate a  huge number of bitcoin because of the fear that they may not get the right chance again to see Bitcoin on that particular price and that perhaps the bitcoin price could moves very higher than there expected entry points.

So actually you are very correct this was a similar issue my colleague had, he saw Bitcoin when the price was still at $25k so considering how far the price had gone before when it made the all Time high so he sees it an advantage to accumulate good number of Bitcoin while he can now so he tried every means possible by using all his savings to acquire the Bitcoin in other not to miss out this opportunity, so it was a good move but the strategy was very aggressive because he had use all his savings in accumulating the Bitcoin and was not upto a month he started feeling the heat due to some pressing needs so he start panicking and the investment became affected and was left with no uption but to sell it off.

Although he was very lucky that before those pressing needs came out, the Bitcoin price had already gone beyond his buying point so instead of losing he made a bit profits, so with that experience he had, he was able to encourage people of the consequences involves on making a rash decision due to the fear of being left out from investment, so no matter how Bitcoin price may drop down is very unwise using all you have to accumulate Bitcoin because later on it may seriously affect your investment, and perhaps in times of Bitcoin no time is late, we can always invest whenever we feel we are ready, but the only different is that it will take a longer time to gather or accumulate your expected amount due to the price increment.

Your friend didn't plan on how to accumulate Bitcoin, but rather he entered into the market blindly, and you couldn't put him through that the way he is rushing his bitcoin investment purchase with all his savings, is the same way he will rush out of his investment. Bitcoin is not something that you use all the funds on you to buy without reservation of fiat currency for his emergency funds or his basic needs.

There are sometimes that even the funds that we reserve might not be enough to sustain whatever emergency that occurs and if such happens that investor will have no option than to sell his investment and that was not his plan to sell quick. This is why one must prepare very well to make sure that whatever unforeseen challenges that comes your way,you will be able to settle it without touching your bitcoin investment, to enable you keep on accumulating on your journey to your bitcoin target that might take maybe 10yrs and above, depending on how much that your income is and how much you funds that you have assigned for your weekly or monthly DCA.

What happened to your friend was that his aggressive buying made him to lose focus on hodling his bitcoin for long which was the plan because he used all his savings to buy Bitcoin, and at the end he sold all he has bought. I wouldn't say he gained any profit because assuming he bought with the little money that he can afford to lose and continues to DCA with 10% of his savings, he will be increasing his bitcoin investment portfolio gradually and he will be able to do this for a very long time, where he will make a good profit compare to the peanut that he made. They worst of all is that he didn't have any bitcoin investment anymore, based on lack of plans and he bought aggressively. Same thing is what will happen to people who fill that they are starting their bitcoin journey late and invest aggressively, they will end up losing all their investment early and shatter they dreams of having bitcoin as their future investment.

No time is too late to start bitcoin investment, but what matters is how long can you be patience in hodli and how discipline can you buy regular with DCA, because even some people that are yet to buy, might buy late and even accumulate more bitcoin than people who have been in Bitcoin earlier.

[Sayeds56]

Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.

The current price is far from being anyone set up price in both direction if we looking at it from the short term perspectives and Bitcoin being at 27k+ os some how at a shallow position that anyone waiting to take a DCA position at whatever direction be it upward or downward will have a problem in the direction to choose most especially if it is a short term position.


At this point, we all but have to wait to see which direction the price will point to clearly before being able to take a position.

Certainly, in the current scenario, the Bitcoin market is likely to remain directionless in coming weeks, deviating from its historical pattern, typically characterized by bullish trend in the month of October. This is due to ongoing geopolitical tensions in the Middle East, which has led to sharp increase in Dollar index price and all risky market are in downtrend. The investors are currently apprehensive about the escalating nature may involve other nations, and it is unlikely to come to an end any time soon.

Nevertheless, any significant drop in Bitcoin price should be considered an opportunity to acquire Bitcoin at lower price, and reduce overall cost of investment in Bitcoin.

[Roseline492]

There are sometimes that even the funds that we reserve might not be enough to sustain whatever emergency that occurs and if such happens that investor will have no option than to sell his investment and that was not his plan to sell quick.

Running out of reserve funds is typically depends on how your investment pattern of accumulation is because is Cristal clear that there could be a likelihood that along the line there could be more pressing needs that could possibly clear all the reserve funds.

so however is your responsibility as the investor using the DCA strategy to avert other needs from disrupting your investment as such limiting your amount of accumulation on either weekly or monthly basis to balance the reserve funds as such that there is no pressing needs that could hamper your accumulation process while your reserve is there to Carter for those needs.

[iamsange]

that's the whole brain behind buying the DIP and HODL.  Though impatience might creep in when there is a a sudden increase or some sort of market fluctuation and the tendency to sell it might seems the only option, if you are able to ignore the fluctuation and wait patiently your asset will yield something very reasonable with time

Patience is something that must be present in applying the concept of DIP and HODL purchases because this concept really leads to patience in holding assets for the long term. So there is no need to be affected by market fluctuations and momentary price increases which are always seen in the market and especially in Bitcoin, so people who want to apply the concept of DIP and HODL purchases must really be able to ignore market fluctuations and momentary price increases for the sake of can carry out the concept quite consistently even though sometimes everyone can't forget the market and keeps checking the price of Bitcoin in the market at all times. Even though that is also not really necessary when someone is implementing DIP and HODL purchases on an asset like Bitcoin.

[salad daging]

There are sometimes that even the funds that we reserve might not be enough to sustain whatever emergency that occurs and if such happens that investor will have no option than to sell his investment and that was not his plan to sell quick.

Running out of reserve funds is typically depends on how your investment pattern of accumulation is because is Cristal clear that there could be a likelihood that along the line there could be more pressing needs that could possibly clear all the reserve funds.

so however is your responsibility as the investor using the DCA strategy to avert other needs from disrupting your investment as such limiting your amount of accumulation on either weekly or monthly basis to balance the reserve funds as such that there is no pressing needs that could hamper your accumulation process while your reserve is there to Carter for those needs.

Therefore, strengthen your reserve funds first, if you feel safe enough for several months, then you can continue accumulating appropriately in the sense that reserve funds are equalized to bitcoin investment funds or 30% bitcoin, 10% reserve funds, remembering to prepare for urgent needs later.

This way it won't be complicated, there is even anticipation that you won't sell your investment in the middle of the road because it can still be covered when there are other needs that can't be left behind so the reserve funds are ready.
As an investor, it is clear that you must have a mature plan and be responsible for the DCA strategy even if you prepare the others, because it is a shame when they focus more on Bitcoin while the reserve funds are simply ignored and never thought about at all.

[Aanuoluwatofunmi]

Accumulating more when Bitcoin is down is more beneficial then when its up.

that's the whole brain behind buying the DIP and HODL.  Though impatience might creep in when there is a a sudden increase or some sort of market fluctuation and the tendency to sell it might seems the only option, if you are able to ignore the fluctuation and wait patiently your asset will yield something very reasonable with time

To add to everything you all have said, bitcoin in general terms is a profitable currency and investment asset irrespective of the way we enters in for the market as long as we can hold for some time, we must surely appear profitable in our investment, also the bitcoin traders may not have to wait till the market dips before they perform their daily task, they ensure getting into different categories of trades to maximize their potencies as well for making profits, there's no currency or asset that have ever existed to have prospect like bitcoin till date, bitcoin value never diminished but always increases.

[kingvirtus09]

You should not wait for the crypto market to deepen, as it were, instead of that it is good to apply the Dca to accumulate Bitcoin or crypto, buy every time we have an opportunity because we have so much to buy.

Of course, DCA is the only way to see if anyone can save effectively for long-term assets that we want to hold until the bull season arrives. Now if you happen to fall hard, as long as there is a buy just take advantage of the opportunity always. Because this is the only way to not waste the time we have.

[JayJuanGee]

Right, I quite agree with your assumption, and honestly I would also say the same thing, which seems to be true that the price decline to the $25k area is over, I also won't say that this is certain but it is still speculation and I say it according to the predictions that I know, the last time I saw the price of $25k was at the beginning of September yesterday when the price was in a sideways phase and was looking for indications for the next price formation. One resistance in the previous time has been successfully broken and if we look at the formation of new support afterwards it is much higher than the previous support, and I see the latest support in the short term is in the area or price of $ 26,200.
So in my view just looking at the formation of this trend confirmation is enough to conclude that bullish has begun to dominate and of course that means for the short term or even the next few months the price will not return to touch the price of $ 25k.

It's true like there are some people who say they like to know everything when in fact it is very difficult to fully predict, and maybe even if it can be only a few percent accurate. Honestly in this matter I would not really advise people to follow my way, because obviously everyone's perspective must be different in terms of analysis, and well maybe I'll just try it myself because indirectly it's like testing my own abilities to what extent. And well the point is there will always be a reason why prices can move, or I mean the reason why prices can lead there, and I'm always learning to improve my knowledge in order to find out that reason.

It can still be very uncertain that your speculation could be wrong on this idea of Bitcoin at 25k era is over. Many person has done much speculation on the price of Bitcoin, where else the price drops below the speculated range. i should believe with the volatility of Bitcoin it is very difficult to identify when the bull run begins.

Of course we do not know exactly, yet at the same time we should not be just throwing up our hands and acting as if we have little to no clue.

With more and more of the passage of time, it is seeming more and more likely that the bottom is in .. which would have had been the $15,479 price from November 2022... sure of course from that we might have said that the bull market had already started, but we seem to have had kind of gotten stuck in a bit of a limbo state... and at the same the BTC price is either lingering around the 200-week moving average and/or even going below it, and the 200-week moving average seems to be a bottom price rather than a top or a middle - but even if the 200-week moving average has historically been a bottom price, it does not exactly give us guarantees in the short term, but it should be giving us some clues about what we should be doing... but hey each of us can choose for ourselves, including if we choose to throw up our hands and act as if we have no ideas regarding where we are at, how we got here and/or where we might be going.

Accumulating more when Bitcoin is down is more beneficial then when its up.

that's the whole brain behind buying the DIP and HODL.  Though impatience might creep in when there is a a sudden increase or some sort of market fluctuation and the tendency to sell it might seems the only option, if you are able to ignore the fluctuation and wait patiently your asset will yield something very reasonable with time

Active participants of threads like this one should not be having difficulties holding onto their coins merely because the price might have gone up a bit.

those are the kinds of problems that traders have and also persons who have not developed some kind of a longer term investment plan... and surely if anyone spends a decent amount of time trying to figure out a longer term investment plan, they will likely come to realize that selling does not tend to play out as a good strategy if the goal is to ongoingly and persistently continue to accumulate more BTC.. selling puts a person into a wrong kind of a mindset, unless they are really strategic about such selling in terms of ONLY selling amounts that are so small that they are not going to have any concerns if the BTC price continues to go up after the sale.

How much coin can anyone sell in order NOT to give shits about it in the event that the BTC price continues to go up are somewhat individualistic determinations that likely relate to how many coins someone has already accumulated, what is the profit level of the held coins and what kinds of goals does the person have in terms of how many coins s/he wants to reach and roughly in what kind of a timeline...

Of course, we cannot completely know the specifics of the answers to several of these kinds of questions, but we can get some directional aspects and even some ranges that we can kind of outline and project for ourselves in such a way that we become more likely to easily reach the bottoms of the range, we have good chances of reaching the middle of the range and we aspire to reach the top of the range, while knowing that the top of the range might not happen. but remains in the realms of possibilities.. so we can prepare for the lower, middle and top of the range all at the same time as long as we don't engage in behaviors to fuck it up and end up not achieving any of it because we got too greedy and we were ONLY aiming for the top of the range and then we fucked up so badly that we were not even able to reach the bottom of the range when the bottom of the range would have likely been nearly guaranteed with a more prudent and conservative approach to our bitcoin stash and our ways to accumulate and/or maintain it.

No time is too late to start bitcoin investment, but what matters is how long can you be patience in hodli and how discipline can you buy regular with DCA, because even some people that are yet to buy, might buy late and even accumulate more bitcoin than people who have been in Bitcoin earlier.

It is true that some people will pass up the earlier BTC accumulators; however, it seems quite likely that many BTC accumulators will surpass persons of equal financial status as them at the beginning of their journey and even surpass people who might have been multiples higher in financial status as the BTC accumulator at the beginning of the BTC accumulation journey.

For example, person A who started in bitcoin 10 years ago, and was investing $10 per week, will surely surpass the amount of bitcoin that person B who had started to accumulate BTC with $100 per week in 2016, and likely person C starting right now to accumulate BTC at 1,000 per week is not going to be able to catch up in their BTC accumulation to either Person A or Person B.

So surely none of us who have figured out aspects of bitcoin would be suggesting NOT to invest into bitcoin or to give up, but instead there is a certain kind of empirical evidence that shows that any of us would have had needed less capital in order to get to the same level of accumulation the longer that we had come into bitcoin, and therefore, the later you come into bitcoin the more likely that you are going to need way more capital and you are going to likely have difficulties catching up to the BTC adopters (accumulators) who started earlier than you (at least if we are comparing similar levels of capital).. and we also know that the world is already unfair in terms of some people having more capital than others.. and surely sometimes they accumulated their capital fairly (or we are supposed to presume that even though sometimes it might not be true), and sometimes they have accumulated their capital in less fair ways (and we might not really be able to do anything about it, except for recognize that there are unequal situations that exist in the world).

You should not wait for the crypto market to deepen, as it were, instead of that it is good to apply the Dca to accumulate Bitcoin or crypto, buy every time we have an opportunity because we have so much to buy.

Fuck shitcoins.

DCA does not work with shitcoins.  You need other strategies with shitcoins.. so don't be so fucking dumb as to try to suggest that DCA works for shitcoins when the rug could get pulled on you at any time.. that is part of the things that you must prepare for when investing in shitcoins, how to hope that your "investment" or your "gamble play" does not get rug pulled prior to your ability to get out.

Another thing about shitcoins, this thread is not about shitcoins.. so take any talk about shitcoins to some other thread.

Apparently you heard of bitcoin, since you did actually use the word.. so maybe try to make your post again, but focus your little selfie on bitcoin, and then maybe we might try to figure out if you are saying anything meaningful and/or important.

Of course, DCA is the only way to see if anyone can save effectively for long-term assets that we want to hold until the bull season arrives. Now if you happen to fall hard, as long as there is a buy just take advantage of the opportunity always. Because this is the only way to not waste the time we have.

This part of your post seems to be correct if you happen to be talking about bitcoin.. but not necessarily correct if you are talking about shitcoins.. as I already mentioned above.

[rachael9385]

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

So long as Bitcoin market is concern  DCA strategy remains the ultimate strategy for accumulation of Bitcoin because it works not only for beginners but also on more experience people by building their mindset and also expanding their course of knowledge to see the risk involves on accumulation without a good strategy and providing solutions on how to navigate the accumulation process with a risk free and slowly investing with the only amount they can afford.

There are several participants of this thread who are repeating the idea of risk free and guaranteed, and bitcoin is neither risk free or guaranteed, even if you employ DCA or any other method of accumulating it.

No investment is 100% guaranteed. I will always say that, because I am not in the same ship as those that thought that investment is guaranteed 100%, no matter the strategy that is used on the investment, it is still not guaranteed of 100% profit at the end.

I know about other strategies but I only use the DCA method because it allows me to invest constantly with the little money I can so that, in the end, I will not be entangled with expenses and other things.

Surely, DCA allows someone to get into BTC in such a way that s/he tailors his/her various buy amounts based on his/her discretionary income.. so in that regard, there can be a kind of assurance that such bitcoin accumulator/hodler is not going to overdo it so long as s/he is attempting to make sure that discretionary income is being used and accounting for various monthly expenses and even including an emergency fund in there.. so not to overly invest to such an extent that s/he is not making sure that financial (and therefore psychological) matters are covered.

It is true that the DCA method gives us the opportunities to accumulate more Bitcoin so that we don't end up being intertwined when accumulating Bitcoin, but I don't know why some people get it wrong. They think that the DCA strategy will guarantee them profits in the end, but it's all a lie, so I do say that the DCA method is just a way to accumulate more Bitcoin to hold for a longer time.

So the part about a kind of guarantee might be that the bitcoiner who does not gamble and does not use leverage, is assured that the most that s/he could lose is 100% of his/her investment, but what makes bitcoin such a great asymmetric bet to the upside is that fact that there still are possibilities that s/he could make 2x, 5x, 25x, 100x, 1,000x or even higher amounts depending on timeline,
so it is not guaranteed to make money or to lose money,

One of the things that can give us a tangible profit at the end of our investment are the timelines and how we managed to use the DCA strategy to accumulate more Bitcoin. I do say that the amount of profits we are expecting from our investment depends on the amount of capital we use to accumulate and how long the investment timeline is.

[Frankolala]

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

So long as Bitcoin market is concern  DCA strategy remains the ultimate strategy for accumulation of Bitcoin because it works not only for beginners but also on more experience people by building their mindset and also expanding their course of knowledge to see the risk involves on accumulation without a good strategy and providing solutions on how to navigate the accumulation process with a risk free and slowly investing with the only amount they can afford.

There are several participants of this thread who are repeating the idea of risk free and guaranteed, and bitcoin is neither risk free or guaranteed, even if you employ DCA or any other method of accumulating it.

No investment is 100% guaranteed. I will always say that, because I am not in the same ship as those that thought that investment is guaranteed 100%, no matter the strategy that is used on the investment, it is still not guaranteed of 100% profit at the end.

Bitcoin investment is 50-50, you may gain profit or not. This is why one needs to look for the strategy that will give you the higher chance of making profit and how to go about it. DCA method and hodli for a long period of time will give you a better chance to make profit than losses.The good thing with bitcoin investment is that you can't totally run  at loss, if you are just hodling and accumulating, and as long as you don't sell when it is not your will. You will definitely recover from whatever loss, whenever bitcoin price pumps, and with your regular DCA, I wouldn't call it loss but a change in price.

Why I said that hodlers can't run at loss is because it is impossible for bitcoin price to dip 100%, which is crashing to zero. It is possible for bitcoin price to increase more than 100% and when this happens, it is the number of bitcoin in your portfolio that will determine your profit. This is why every bitcoiner should focus on hodli and using regular DCA to increase their bitcoin investment portfolio because nobody knows what bitcoin will become tomorrow. Who knows, if bitcoiners will be the wealthiest people in the world in future.

[Mayor of ogba]

Beginner and pleb like me, I think buying the dip is not the best strategy for me to use in accumulating Bitcoin because I can't time the perfect dip, the dip might last for years, and if I buy the dip it might keep dipping.

I chose the DCA strategy in accumulating my Bitcoin. By using the DCA strategy I can take advantage of market fluctuations by lowering their average cost per asset without risking too much capital at any point in time.

[fzkto]

Ahh.. do you really think I haven't gone through this thread I think I have almost read the maximum number of pages, all of the newbies and other members are only discussing the DCA, and I don't think so just DCA is sufficient enough, practically DCA can be an all-rounder but in the market, DAC is not a dead end hope you've got it..

So long as Bitcoin market is concern  DCA strategy remains the ultimate strategy for accumulation of Bitcoin because it works not only for beginners but also on more experience people by building their mindset and also expanding their course of knowledge to see the risk involves on accumulation without a good strategy and providing solutions on how to navigate the accumulation process with a risk free and slowly investing with the only amount they can afford.

There are several participants of this thread who are repeating the idea of risk free and guaranteed, and bitcoin is neither risk free or guaranteed, even if you employ DCA or any other method of accumulating it.

No investment is 100% guaranteed. I will always say that, because I am not in the same ship as those that thought that investment is guaranteed 100%, no matter the strategy that is used on the investment, it is still not guaranteed of 100% profit at the end.

Bitcoin investment is 50-50, you may gain profit or not. This is why one needs to look for the strategy that will give you the higher chance of making profit and how to go about it. DCA method and hodli for a long period of time will give you a better chance to make profit than losses.The good thing with bitcoin investment is that you can't totally run  at loss, if you are just hodling and accumulating, and as long as you don't sell when it is not your will. You will definitely recover from whatever loss, whenever bitcoin price pumps, and with your regular DCA, I wouldn't call it loss but a change in price.

Why I said that hodlers can't run at loss is because it is impossible for bitcoin price to dip 100%, which is crashing to zero. It is possible for bitcoin price to increase more than 100% and when this happens, it is the number of bitcoin in your portfolio that will determine your profit. This is why every bitcoiner should focus on hodli and using regular DCA to increase their bitcoin investment portfolio because nobody knows what bitcoin will become tomorrow. Who knows, if bitcoiners will be the wealthiest people in the world in future.

You've said it all well about the 50/50 risk and the DCA strategy. But all of that may not work at some point. Bitcoin has had several four-year halving cycles and those cycles have worked very well. So even someone who bought bitcoin in 2017 at 18k could sell that for a nice profit in 2022. But it would take a lot of nerves and four years of waiting. And if for example one day the cycle doesn't work, how many years will you have to wait to make a profit?

[GigaBit]

Bitcoin has had several four-year halving cycles and those cycles have worked very well. So even someone who bought bitcoin in 2017 at 18k could sell that for a nice profit in 2022. But it would take a lot of nerves and four years of waiting. And if for example one day the cycle doesn't work, how many years will you have to wait to make a profit?

When we talk about Bitcoin investing no one can say that he will make certain profit from investing in Bitcoin. He must plan to hold it for several years or more. Not everyone will be successful in investing but those who follow the directions are more likely to succeed. Investors mentality of taking risks must be needed. DCA is a good strategy so that we can reduce the risk in our investment. This will help reduce my investment risk as well as grow my portfolio in the long run. DCA is an opportunity for those of us who can't invest in Bitcoin for money even if we want. Those who can properly utilize this opportunity are more likely to get good returns from Bitcoin in the long run. There is no alternative to patiently waiting for the desired moment.

[peter0425]

Beginner and pleb like me, I think buying the dip is not the best strategy for me to use in accumulating Bitcoin because I can't time the perfect dip, the dip might last for years, and if I buy the dip it might keep dipping.

I chose the DCA strategy in accumulating my Bitcoin. By using the DCA strategy I can take advantage of market fluctuations by lowering their average cost per asset without risking too much capital at any point in time.

either what strategy you use ,  still accumulating is what you need to do mate, sometimes there is no need to use such but buy when you have enough amount to risk in buying.
never that we are forced to put our precious money instead what we need to do is trust bitcoin about our spare money of the amount you can take for sometime waiting.
since you admit being new here , just read couple of post above you to understand the purpose and the advantage of bitcoin investing than other investments.

[bitLeap]

Bitcoin has had several four-year halving cycles and those cycles have worked very well. So even someone who bought bitcoin in 2017 at 18k could sell that for a nice profit in 2022. But it would take a lot of nerves and four years of waiting. And if for example one day the cycle doesn't work, how many years will you have to wait to make a profit?

When we talk about Bitcoin investing no one can say that he will make certain profit from investing in Bitcoin. He must plan to hold it for several years or more. Not everyone will be successful in investing but those who follow the directions are more likely to succeed. Investors mentality of taking risks must be needed. DCA is a good strategy so that we can reduce the risk in our investment. This will help reduce my investment risk as well as grow my portfolio in the long run. DCA is an opportunity for those of us who can't invest in Bitcoin for money even if we want. Those who can properly utilize this opportunity are more likely to get good returns from Bitcoin in the long run. There is no alternative to patiently waiting for the desired moment.

Patience and consistency are key for us to take advantage in bitcoin investment. Before we invest, the first step we have to do is good planning, by making it the basis then it will bring something good too. Not only careful planning, but also we must uphold the planning. Because it is not uncommon for me to see people who doubt their own plans, even though, the plans that make them are themselves. Here is the challenge, when we see the market turning red, when we are in a difficult situation in our finances and so on. We must be able to take into account everything, from the smallest to the biggest in this bitcoin investment.