Buy the DIP, and HODL!

[Ruttoshi]

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Yes, this is not the first time this year that Bitcoin has risen to $30k. This recent rise in Bitcoin should not make anyone mess up his DCA strategy of accumulating Bitcoin by buying the entire amount of Bitcoin he wants to accumulate at once because he thinks the price of Bitcoin will not reduce before his DCA strategy is complete. Keep up with your DCA strategy in accumulating Bitcoin because you can see the sign that Bitcoin is a solid asset and there is still enough time before the bull market kickstarts.

I am not after the price of bitcoin currently and I don't care what price bitcoin is now. This is because I am new into bitcoin investement, which I jusr started this year, so I intend to hodli for long. I would only continue accumulate with my regular DCA method, even in the next bell run, I don't plan of selling since I want to understand how bitcoin value increases with timeline.

Since by the next bull run, my investment portfolio will still be very small compared to my target. I want to have an insight of bitcoin price after the bull run, when I still have my bitcoin and continue accumulating till 2029, that will be the next bull after 2025 bull run to see how the difference in price from this next bull run with that of 2029, so that I can talk by experience, and not talking due to small profits and a short timeline. This is why when I see people that starts talking of profit now, I don't listen to them and I don't even check the price of bitcoin. It is only when I am buying that I do see the price. I am happy to have known about the DCA strategy and also applying it.

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[GigaBit]

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Currently there is a lot of discussion about the bull market and ETF. I personally don't want to waste time on whether that bull market or ETF is approved or not. After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA. I know I'm behind them but I don't want to be left behind in the long run. Those who dream big about bitcoin must consider its long-term investment.

[Roseline492]

After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA.

That's a good plan mate, having a knowledge is one of most important factors that needs to be considered in everything we do including our investment because knowledge gives us the ability and understanding to no what we are investing on and the possibility of getting a return in the future.

So is actually a nice plan you have there because you no and believe on the potential of Bitcoin that's why you are accumulating for long time holding and also with the knowledge you have on Bitcoin no news can influence your accumulating decision, so trust me choosing Bitcoin for investment is the best decision to make.

[nara1892]

Yeah, that's true and it's actually one of the few things that is inevitable, whether we like it or not , a certain number of Bitcoin owners are actually going to end up leaving this world with their key remaining unknown to anyone, even their love one, but I feel this is supposed to be a matter of who's going fall under this category, well I know for sure after all this exposure to this much knowledge, I will definitely find a way to let my love ones or even my spouse know about the my holdings or if that's too wild, I think setting up a means of which they can actually get hold of my key and Bitcoin when mr.death eventually comes knocking.

Do you know what most people who are holding bitcoin are doing or will most probably do? All of them know that they will transfer their private keys to their loved ones when they are near to death but no one will let the keys be transferred ahead of time. Since the death time of everyone is unknown, there may be many who die because of an accident or on the spot death and they would not even get the time to give the private keys to their remaining.

Since bitcoin is very new and only the first generation is using it, so we do not come across such cases but after more than 10 to 20 years, a lot of bitcoins will be lost as the current holders of bitcoin wouldn't be alive and they have not transferred the wealth to their near and dear ones.

Agree with you this makes perfect sense and will probably be one of the problems of every bitcoin holder, we know that we will not live forever in the world, while something in the future is always unpredictable, one of which anyone will never know when they will die, while on the other hand they have promised themselves that one day they have to transfer the key to someone special in their life such as their own wife. Basically the facts that will happen will not always match what we plan, okay maybe they plan that they have to give the key near the time of death, but it will not always be like that, maybe you think that you will die while in the hospital in the treatment phase and at that time you will whisper your bitcoin secret key to your wife, this plan looks very neat. On the other hand, you will never know under what circumstances you will die, it is possible and very likely that you will die in an accident or any circumstances that do not allow you to get time to share the secret key with others, this makes perfect sense.

As you said "Many bitcoins will be lost because the holder is no longer alive" And in my opinion one of the alternatives that can be done is that I will give the secret key to my wife from now on, no problem and I have indeed said a very important short message to her, none other than this as an action to minimize things that cannot be avoided such as death. I will write the private key on a piece of paper and keep it in the most secure place along with telling my wife that if one day I die then open the box, it is an inheritance from me for our children someday.

[JayJuanGee]

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Yes, this is not the first time this year that Bitcoin has risen to $30k. This recent rise in Bitcoin should not make anyone mess up his DCA strategy of accumulating Bitcoin by buying the entire amount of Bitcoin he wants to accumulate at once because he thinks the price of Bitcoin will not reduce before his DCA strategy is complete. Keep up with your DCA strategy in accumulating Bitcoin because you can see the sign that Bitcoin is a solid asset and there is still enough time before the bull market kickstarts.

It is difficult to really have any kind of level of confidence regarding knowing that any of us have time to accumulate more BTC at prices that we had been able to accumulate bitcoin in the past 18 months or so... and people will sometimes start to get nervous when the BTC price is gravitating upwardly, which tends to show that those of us who had been continuing to buy and not delaying are likely in a much better place right now as compared to those who had been waiting too much upon dips and/or failing to act (meaning buy).

Sometimes bitcoin goes into a kind of punishing mode and just continues to go up without really having any meaningful dips, so that when we are thinking about this thread, we might be thinking to buy on the dip, but even that can sometimes be difficult if the BTC price ends up continuing to go up without any meaningful dips.

Of course there is potential resistance in the $31-$32k area, and personally I did not really consider that area to be too significant, even though the BTC price had gotten stuck there, and whether there is any resistance at various price points between $35k and $50k is yet to be seen, too.

Of course each of us should be attempting to balance both our assets (surely including bitcoin) that we accumulate while we are living with how we might either pass them onto others if we die prematurely or alternatively how to potentially figure out how to build our wealth while we are living and to put some systems into place in order that we are able to get advantages from our wealth while still living

...and surely people are going to employ various different systems and balance their priorities in different kinds of ways, and surely some people run out of their wealth too soon and others maybe do not end up enjoying the wealth while living - whether they end up passing such wealth down might be another potential complication - even while dying with your bitcoins would not necessarily be the end of the world for the bitcoin community generally ends up profiting from lost bitcoins.. kind of the opposite dynamics of the fiat system in which monetary supply tends to devolve into various statuses of degeneracy that robs from people who hold their value in it.

Indeed, assets management including Bitcoin is a complex and personnel matter, and different people approach it differently based on their financial circumstances, goals and values. While it is essential to have a well defined plan for wealth accumulation to achieve financial stability, but it is equally important to enjoy our life with whatever resources we posses. When it comes to investment in Bitcoin, while big institutions like BlackRock, Micro strategy and many mores, showing great interest in Bitcoin ETFs, which is a big deal for Bitcoin's future. Therefore, it is a good idea for us to accumulate Bitcoins as much as we can without sacrificing our essential expenses. There is a concern that once these institutions obtain regulatory approvals, the current price of Bitcoin may become a distant memory in our life time.

Whether we suggest that the rich people (institutions) are buying all of the bitcoin or if we might have some other reason(s) about why the BTC price is going up, historically, there have been several instances in which the BTC price moved upwardly out of an historical range that it had been, but then thereafter, never did return to that previous price range, and people who had been delaying in their buying of BTC, or waiting for lower BTC prices prior to buying, ended up looking foolish in retrospect.  So yeah, we have had right around 18 months to be buying BTC below $35k... so how much longer is it going to last?  We cannot be sure.  Are there going to be further dips below $30k?  We cannot be sure.

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Yes, this is not the first time this year that Bitcoin has risen to $30k. This recent rise in Bitcoin should not make anyone mess up his DCA strategy of accumulating Bitcoin by buying the entire amount of Bitcoin he wants to accumulate at once because he thinks the price of Bitcoin will not reduce before his DCA strategy is complete. Keep up with your DCA strategy in accumulating Bitcoin because you can see the sign that Bitcoin is a solid asset and there is still enough time before the bull market kickstarts.

I am not after the price of bitcoin currently and I don't care what price bitcoin is now. This is because I am new into bitcoin investement, which I jusr started this year, so I intend to hodli for long. I would only continue accumulate with my regular DCA method, even in the next bell run, I don't plan of selling since I want to understand how bitcoin value increases with timeline.

Since by the next bull run, my investment portfolio will still be very small compared to my target. I want to have an insight of bitcoin price after the bull run, when I still have my bitcoin and continue accumulating till 2029, that will be the next bull after 2025 bull run to see how the difference in price from this next bull run with that of 2029, so that I can talk by experience, and not talking due to small profits and a short timeline. This is why when I see people that starts talking of profit now, I don't listen to them and I don't even check the price of bitcoin. It is only when I am buying that I do see the price. I am happy to have known about the DCA strategy and also applying it.

You can ONLY invest as much as your budget will allow.. so whether are attempting to invest in a kind of aggressive way, or you are being more whimpy and waiting to see how bitcoin performs is surely up to you, and it seems to me that historically those who had chosen to be a bit more aggressive in their earlier years (without going over board) had tended to feel better about the performance that they witnessed later on, so maybe in 4-8 year, you are not going to be able to buy bitcoin (or satoshis) for even close to the same amount that you can currently buy them.. but yeah, if you do not have very much extra money, then there is ONLY so much that you can do in terms of aggressiveness without ending up putting yourself into a dangerous place (financially and psychologically).

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Currently there is a lot of discussion about the bull market and ETF. I personally don't want to waste time on whether that bull market or ETF is approved or not. After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA. I know I'm behind them but I don't want to be left behind in the long run. Those who dream big about bitcoin must consider its long-term investment.

Don't worry about being behind people who started before you and people who have more financial resources than you. It is likely inevitable that these conditions are going to exist.

There are plenty of people whom you are ahead of who are of similar economic status as you and who are failing/refusing to recognize bitcoin and/or invest, and there are likely plenty of people who are of much more affluent economic status than you , but your investing into bitcoin is likely going to end up surpassing a lot of them.. sure it is not guaranteed, but it still likely is a good place to be considering to put a decent amount of your discretionary income.

[Dunamisx]

We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?

Currently there is a lot of discussion about the bull market and ETF. I personally don't want to waste time on whether that bull market or ETF is approved or not. After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA. I know I'm behind them but I don't want to be left behind in the long run. Those who dream big about bitcoin must consider its long-term investment.

To me am only sighting the incidence of bitcoin spot ETF as a kind of distractions because bitcoin is currently at $30,600 and none of the spot ETF application had been approved yet, the thing we should know is that each time there's a bull or bear market, people will always find something to attach for why it happened such way, all we can do now is to ensure that our bitcoin accumulation portfolio is well positioned towards the next bullrun if we have the ability to wait and hodl till that time comes in.

[MusaPk]

I would think that if forum members are buying BTC for the long run, they likely are not going to be creating too many changes in their plan merely based on BTC price moves that are only within about 10% of (or less than) the 200-week moving average - which 200 WMA is just around $28,200.  Sure they may also consider their own costs per BTC, and even consider if they want to make plans regarding how much in profits would their bitcoin need to become in order for them to consider starting to shave off some of their BTC or have they even gotten to that kind of higher stage of shaving off some profits when so many newbie members are likely still in their earlier BTC accumulation stages - which might could well mean that they don't really change anything unless they get to more advanced stages that might involve lessening how much BTC they accumulate when the BTC prices are going up.  There should not be any kind of an universal answer... but surely it can take people 1-2 or even more BTC cycles to really get to a place where they believe that they have enough BTC or even more than enough BTC that they can start to shave off some profits or to otherwise change their BTC accumulation strategies in meaningful ways that transitions into more of a maintenance stage.

First rule of bitcoin, you never sell your bitcoin.

I remember I have bitcoin bought under 10k and when bull run started I see them at around 22k. Bitcoin later went up and touched 67k. When I sold my bitcoin I was happy that I have got double profit but later I regret selling all my Bitcoins.
I have learned from my previous mistakes and I do agree that there is no need to get excited after seeing 30k. 30k is the price we have seen so many times this year and we are not sure whether Bitcoin can cross 30k this time.

Currently there is a lot of discussion about the bull market and ETF. I personally don't want to waste time on whether that bull market or ETF is approved or not. After gathering a little knowledge about Bitcoin and its long-term investment benefits, I no longer have to worry about whether the price of Bitcoin will go up or down. My focus now is on how much I am able to grow my portfolio. My income is very less than many but I don't worry because I follow DCA. I know I'm behind them but I don't want to be left behind in the long run. Those who dream big about bitcoin must consider its long-term investment.

If you see price of Bitcoin then over the period it has gone up. In other words you are deemed to get success if you are a long term investor. I always say that invest as much as you can easily without putting yourself into too much stress. Also we must be happy the way we are investing, those who have big will definitely invest big. There is no reason to compare yourself with anyone.

[Juse14]

...... all we can do now is to ensure that our bitcoin accumulation portfolio is well positioned towards the next bullrun if we have the ability to wait and hodl till that time comes in.

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

[JayJuanGee]

I would think that if forum members are buying BTC for the long run, they likely are not going to be creating too many changes in their plan merely based on BTC price moves that are only within about 10% of (or less than) the 200-week moving average - which 200 WMA is just around $28,200.  Sure they may also consider their own costs per BTC, and even consider if they want to make plans regarding how much in profits would their bitcoin need to become in order for them to consider starting to shave off some of their BTC or have they even gotten to that kind of higher stage of shaving off some profits when so many newbie members are likely still in their earlier BTC accumulation stages - which might could well mean that they don't really change anything unless they get to more advanced stages that might involve lessening how much BTC they accumulate when the BTC prices are going up.  There should not be any kind of an universal answer... but surely it can take people 1-2 or even more BTC cycles to really get to a place where they believe that they have enough BTC or even more than enough BTC that they can start to shave off some profits or to otherwise change their BTC accumulation strategies in meaningful ways that transitions into more of a maintenance stage.

First rule of bitcoin, you never sell your bitcoin.

I don't know about that. Once you get to a certain accumulation level you have way more options regarding how to manage and maintain your BTC holdings.  I frequently suggest to only sell small portions of BTC and to expect that the BTC price might never come back down below the price that you sold them.

Selling seems to be problematic when you are either thinking of it as a way to get more bitcoin and/or if you are still in your BTC accumulation phase, then you should consider spend and replace for any times that you do choose to spend (or sell) your bitcoin.

So one of my personal beefs has to do with members promoting trading (which is selling) BTC as if it were a way to accumulate more BTC than what would be possible by using various kinds of ongoing and/or regular buying tactics...or even tactics to increase your income in order that you have more disposable income in which you could choose to sell BTC.

I am also not against anyone doing whatever they like or taking whatever chances that they like, but when they are trying to proclaim that their way is the best without describing some of the potential trade-offs and the risks, then that especially becomes problematic when employing selling tactics in ways in which to attempt to accumulate more BTC.

I heard the first rules of bitcoin differently.. to  be something like 1) always talk about bitcoin, 2) never talk about your own bitcoin... but being in a forum like this, we do tend to talk about our own bitcoin, even though we might also attempt to be coy in the ways that we talk about our own bitcoin which are other ways to consider various hypotheticals and/or the situations of friends as talking points.

I remember I have bitcoin bought under 10k and when bull run started I see them at around 22k. Bitcoin later went up and touched 67k. When I sold my bitcoin I was happy that I have got double profit but later I regret selling all my Bitcoins.

Personally, I can never really imagine selling more than a few percentage of my BTC stash at a time, especially in the earlier stages of BTC accumulation, even though it could be profitable to sell high and buy back lower, especially if you are able to figure out some kind of a system to be able to accomplish it without screwing up your overall BTC accumulation mindset.

Once you have a lot more bearings on both the size of your BTC stash and various aspects regarding how many you might need, then it is likely that you should be able to get away with selling certain amounts of your BTC stash at certain price points. but surely when you choose the amount of the BTC that you choose to sell, you have to be prepared for possibilities that the BTC price will continue to go up higher than your sell point and might not come back below your sell point.

I have learned from my previous mistakes and I do agree that there is no need to get excited after seeing 30k. 30k is the price we have seen so many times this year and we are not sure whether Bitcoin can cross 30k this time.

It seems good to always be prepared for either price direction, so how much you choose to be prepared and how well you have your preparations set up in terms of how much BTC that you might buy at certain BTC price dip levels or how much you are just going to buy BTC no matter what is the price, or maybe you have your buys set up in a range and then you don't do anything in another range, but if you have ongoing cashflow coming in, then you should attempt to account for that and even account for how much extra cash coming in would trigger you to have to change some of your already existing  ideas (plans) in regards to whether and if so, how you are structuring your buys.

[macson]

...... all we can do now is to ensure that our bitcoin accumulation portfolio is well positioned towards the next bullrun if we have the ability to wait and hodl till that time comes in.

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing, apart from that i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear.  However, it must still be emphasized, in order to prevent you from selling Bitcoin which you intend for long-term investment, you must have a stable income that supports your finances every month... surely we will all smile with our portfolio if we remain disciplined in implementing effective strategies in investing bitcoin.

[Odohu]

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing,

I agree with you because I have also been looking at past data of Bitcoin and taking note of how much Bitcoin I would have gotten using the same amount of money under various market conditions. Generally, any method of buying Bitcoin in a bullish market is good for those who want to see quick profits but not the best for those who want to hold for long because if peradventure bear market comes, price might fall below their entry point, putting then in huge negative and at this point it takes a great deal of courage, trust and faith in Bitcoin to hold a huge bag in negative throughout the bear market.

On the contrary, during consolidation or bear market, one can accumulate decent amount of Bitcoin at very low prices in such a way that any significant rise in price will easily put the entire portfolio in profits.

i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear.

There seems to be good flexibility in your approach. To a large extent, this seems like buying the dip that many combine with the DCA method. It is actually a wonderful approach as it enable one take advantage of the discounted price.

[Salahmu]

It seems good to always be prepared for either price direction, so how much you choose to be prepared and how well you have your preparations set up in terms of how much BTC that you might buy at certain BTC price dip levels or how much you are just going to buy BTC no matter what is the price, or maybe you have your buys set up in a range and then you don't do anything in another range, but if you have ongoing cashflow coming in, then you should attempt to account for that and even account for how much extra cash coming in would trigger you to have to change some of your already existing  ideas (plans) in regards to whether and if so, how you are structuring your buys.

Preparing for Bitcoin price movement is actually what I normally do, irrespective of my accumulation using DCA strategy I always make sure to have an extra diversification in such a way that I prepared myself by structuring most of my funds that if the Bitcoin market dips down I buy a certain amount and if increase i reduced by continuing my normal DCA.

So actually is a new strategy I started using now and is working for me, I utilize the opportunity when Bitcoin was at that consolidation zone of $27k to $28k when I checked my portfolio the funds I had could sustain me even if buying on Lump sum so I took advantage of the dip by buying a good amount of Bitcoin, and now considering the level of price of Bitcoin it was a good entry for me and since the price has gone up I have reduced my level of accumulation to my usual DCA strategy.

[Roseline492]

It can only be Bitcoin and nothing else, Bitcoin will always remain my first choice of investment because this is the kind of price movement you will see from a potential coin.

This Bitcoin current price chart explains why we shouldn't focus on knowing if the price will dip first before we start accumulating because there is every possibility of the price not getting to the level you targeted so however even with the current price is not too late to start accumulating so keep hitting the buy button while you can.

Source:  https://m.investing.com/crypto/bitcoin/chart

[JayJuanGee]

It can only be Bitcoin and nothing else, Bitcoin will always remain my first choice of investment because this is the kind of price movement you will see from a potential coin.

This Bitcoin current price chart explains why we shouldn't focus on knowing if the price will dip first before we start accumulating because there is every possibility of the price not getting to the level you targeted so however even with the current price is not too late to start accumulating so keep hitting the buy button while you can.

Source:  https://m.investing.com/crypto/bitcoin/chart

So yep, just in a few short hours we went from the $29ks to the mid $34ks and that can be quite amazing how quickly price changes happen, and yep there were some forum members, even in this here thread, insisting upon good ideas to wait for further dips when we were in the lower $25ks, and even though none of us really can judge for their situation and/or to have enough information regarding if they are sufficiently prepared for UP, these can be fairly painful times for people who are waiting too much and/or who are whimpy in their bitcoin investment in terms of either being no coiners or low coiners, and even some of us who might feel that we had been more aggressive in our bitcoin accumulation, we will sometimes second-guess ourselves and speculate that "I could have gotten more," and sure it may well be true that almost any of us could have gotten more bitcoin when prices were lower, yet the fact of the matter is that we really cannot have high levels of confidence so we should be attempting to be prepared for either BTC price direction and be willing to live with our decision when the price moves against the direction that we thought to be more likely, but if at least we are preparing for either direction, we may well be able to accept that we did our best in our preparations based on the information that we had at the time, rather than looking back and having regrets regarding not getting as many bitcoin as we could have just a week ago when BTC prices were dipping into the $26ks and just around a month ago when we had BTC prices dipping into the $25ks

[boty]

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing, apart from that i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear.  However, it must still be emphasized, in order to prevent you from selling Bitcoin which you intend for long-term investment, you must have a stable income that supports your finances every month... surely we will all smile with our portfolio if we remain disciplined in implementing effective strategies in investing bitcoin.

Using the DCA method when the market is bullish is certainly a good thing and also buying more when the market is bearish, but in investing in Bitcoin we need a long time to get a profit from the investment we make and we have to be patient with various market conditions. You are right, we must have a steady income so as not to interfere with the investments we make and we also really need a strategy to be able to collect and get profits from the investments we make.

[HelliumZ]

It can only be Bitcoin and nothing else, Bitcoin will always remain my first choice of investment because this is the kind of price movement you will see from a potential coin.

This Bitcoin current price chart explains why we shouldn't focus on knowing if the price will dip first before we start accumulating because there is every possibility of the price not getting to the level you targeted so however even with the current price is not too late to start accumulating so keep hitting the buy button while you can.

Source:  https://m.investing.com/crypto/bitcoin/chart

Bitcoin is the only currency where you are 100% guaranteed to make a profit whether you invest or hold it. Bitcoin was at $27000 last week as well but in just a few days Bitcoin has surged above $35000. The only ones in this market who bought and held during the dumping period got huge profits in this pumping situation. So if you want to get good profit in future you must buy in DIP market and HOLD for long term and sell when pumping time comes.

[JayJuanGee]

But I am a little calmer because I buy more BTC at a price of less than $ 27K, DCA that I do I do almost every week so I think I feel better today because BTC moves fast up to $ 31k, to wait for the best price to continue My DCA, waiting for BTC to be corrected first, if I fear today to buy at the current price it is less beautiful.

Understand DCA correctly, and use the strategy well so that your portfoliomy can smile broadly when Bitcoin has increased significantly, I would have most people smiled broadly because of their portfolio, it should be remembered that the longer you hold BTC, the more likely you get The advantage of the investment you make from BTC, don't be easily tempted by this simple increase then you sell your BTC, I think it's a stupid decision, there are still many surprising with BTC. Hold Your BTC Sir.

when the bitcoin market is sideway or the bitcoin market is bullish then buying bitcoin using the DCA method is the most recommended thing, apart from that i also tried several other strategies such as buying more portions of bitcoin ^{(in fine words if the market is bullish i buy 1 but if the market bearish i buy 2)} when the market was heading towards bear.  However, it must still be emphasized, in order to prevent you from selling Bitcoin which you intend for long-term investment, you must have a stable income that supports your finances every month... surely we will all smile with our portfolio if we remain disciplined in implementing effective strategies in investing bitcoin.

Using the DCA method when the market is bullish is certainly a good thing and also buying more when the market is bearish, but in investing in Bitcoin we need a long time to get a profit from the investment we make and we have to be patient with various market conditions. You are right, we must have a steady income so as not to interfere with the investments we make and we also really need a strategy to be able to collect and get profits from the investments we make.

I know that people have their differing strategies, yet the general ideas of trying to time the market would be to buy when the price is going down and to sell when it is going up.. .so usually you would not be buying when it is going up unless you were trying to make a lump sum buy in order to front load your buy prior to the price going up (if that's what you think the market is going to do)..

So in that regard, it does not make too much sense to DCA when the market is bullish.. except if you are just assuming that the market is going to keep going up because it is bullish, but that is not necessarily going to always be the case, and surely there are a lof of difficulties to figure out if the market is bullish or bearish.. which is part of the rationale of DCA that does not get too involved in trying to figure out if the market is bearish or bullish but only ends up focusing on whether you have discretionary income or not and then just deciding to buy based on how much of your discretionary income you want to use to buy BTC versus using it for some other purpose, such as consumption, or investing in something else versus saving it for some future purchase.

It can only be Bitcoin and nothing else, Bitcoin will always remain my first choice of investment because this is the kind of price movement you will see from a potential coin.

This Bitcoin current price chart explains why we shouldn't focus on knowing if the price will dip first before we start accumulating because there is every possibility of the price not getting to the level you targeted so however even with the current price is not too late to start accumulating so keep hitting the buy button while you can.

Source:  https://m.investing.com/crypto/bitcoin/chart

Bitcoin is the only currency where you are 100% guaranteed to make a profit whether you invest or hold it. Bitcoin was at $27000 last week as well but in just a few days Bitcoin has surged above $35000. The only ones in this market who bought and held during the dumping period got huge profits in this pumping situation. So if you want to get good profit in future you must buy in DIP market and HOLD for long term and sell when pumping time comes.

In markets and in investing, there are no guarantee to make a profit... and surely not even close to 100% guaranteed, even when it comes to an investment as great as bitcoin.  

It seems quite likely that you are quite likely to get yourself and/or someone else into trouble if you think and talk as if there are 100% guarantees in life (especially when dealing with the future).. but hey, whatever, you do you.

[YUriy1991]

Using the DCA method when the market is bullish is certainly a good thing and also buying more when the market is bearish, but in investing in Bitcoin we need a long time to get a profit from the investment we make and we have to be patient with various market conditions. You are right, we must have a steady income so as not to interfere with the investments we make and we also really need a strategy to be able to collect and get profits from the investments we make.

Yes, that's correct, I can say with confidence that bitcoin's growth prospects are very high at least now the evidence is visible in the market that Bitcoin has proven that society can reach consensus and the correct course correction has brought a new element to the discussion about money and value and has broken many known return models, changing the way we understand investments and returns and may not be applicable to traditional assets such as stocks or bonds.

[Sayeds56]

Whether we suggest that the rich people (institutions) are buying all of the bitcoin or if we might have some other reason(s) about why the BTC price is going up, historically, there have been several instances in which the BTC price moved upwardly out of an historical range that it had been, but then thereafter, never did return to that previous price range, and people who had been delaying in their buying of BTC, or waiting for lower BTC prices prior to buying, ended up looking foolish in retrospect.  So yeah, we have had right around 18 months to be buying BTC below $35k... so how much longer is it going to last?  We cannot be sure.  Are there going to be further dips below $30k?  We cannot be sure.

What a substantial move we have witnessed in Bitcoin price which was worth $5000 in a single trading session . Nobody was expecting such an impressive increase while stocks are falling. Bitcoin has shown its real color after a long time of uncertainty, and I was glad to see that Bitcoin is finally showing its independence from stock markets, and Bitcoin's prior correlation with other risky markets seems unrealistic, as it is hedge against inflation and dependable store of value.

https://cointelegraph.com/news/bitcoin-btc-price-breaks-34000-etf-excitement-grows

[naira]

Congratulations to those who are still consistent with DCA and see how exciting it will be when our portfolio increases. So when we are consistent we will see temporary results, and honestly this is a matter of pride for ourselves because what we maintain and fight for produces positive results. I believe this price will continue, Blackrock ETF is getting closer. The position where we should be but still realistic.

The question for those who do DCA consistently is whether the current price requires us to wait for a slight correction? Or still buy it at the current highest price? I just want to know how to choose and make the right timing decisions when faced with the Bitcoin bullish phenomenon.
Your suggestions are very valuable because telling each situation will have a positive effect and make me not alone in holding Bitcoin. (where I live, I'm the only one holding Bitcoin).