Buy the DIP, and HODL!

[Sterbens]

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

There is always a risk, but the question is how sure are you that the price will be lower? Even many who predict prices will be lower are currently questionable and there is no guarantee that these predictions will actually come true. Buying regularly is one of the best ways to buy when the market is in an unstable situation. We can also do the DCA strategy, and I think this is the way that many investors are doing it now, and also the strategy that is being recommended a lot at times like now.

[1714694270]

1714694270

[Jody.Drummer]

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

[BobK71]

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Yes absolutely, this can be a great opportunity for those investors who are yet to start investing. BTC is now $16800 which is a big dip for investors to hold. If you invest from here you can easily gain if the market rises. Each altcoin has gained between 75%-99& depending on its sector. If anyone is holding on to follow DCA method, i think 2024 will be one of remarkable years that will not happen naturally. But of course risk should be taken carefully before investing. It is worth investing as much as you can afford to lose.

[JayJuanGee]

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Yes absolutely, this can be a great opportunity for those investors who are yet to start investing. BTC is now $16800 which is a big dip for investors to hold. If you invest from here you can easily gain if the market rises. Each altcoin has gained between 75%-99& depending on its sector. If anyone is holding on to follow DCA method, i think 2024 will be one of remarkable years that will not happen naturally. But of course risk should be taken carefully before investing. It is worth investing as much as you can afford to lose.

Huh?

Why are you talking about altcoins?  What is the connection to BTC?  We are talking about BTC here.. not altcoins or shitcoins... so pray tell.. what is the connection to BTC that you are mentioning?    Is there a mistake or a typo in your post?

[Jody.Drummer]

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Yes absolutely, this can be a great opportunity for those investors who are yet to start investing. BTC is now $16800 which is a big dip for investors to hold. If you invest from here you can easily gain if the market rises. Each altcoin has gained between 75%-99& depending on its sector. If anyone is holding on to follow DCA method, i think 2024 will be one of remarkable years that will not happen naturally. But of course risk should be taken carefully before investing. It is worth investing as much as you can afford to lose.

Basically everything we do is risk free but when I look at the current conditions I think to invest in Crypto and DCA in bitcoin of course this is a very good one regardless of what the conditions are instead of glancing at alt and shitcoin projects obviously bitcoin has a lot more risk better than that.
We must be aware that all actions will definitely have real risks and consequences, but on the other hand, if we are confident enough and able to overcome all the panic that there are risks, it will actually be worth the benefits we get, especially when we are here to prepare our old age to go smoothly. ok and while we can afford to buy bitcoin with the current bearish conditions why not.

[salad daging]

Huh?

Why are you talking about altcoins?  What is the connection to BTC?  We are talking about BTC here.. not altcoins or shitcoins... so pray tell.. what is the connection to BTC that you are mentioning?    Is there a mistake or a typo in your post?

HA.HA

We are talking about investing in bitcoin with the DCA method but don't know why it goes to altcoins, maybe it's a typo. lol

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Yes absolutely, this can be a great opportunity for those investors who are yet to start investing. BTC is now $16800 which is a big dip for investors to hold. If you invest from here you can easily gain if the market rises. Each altcoin has gained between 75%-99& depending on its sector. If anyone is holding on to follow DCA method, i think 2024 will be one of remarkable years that will not happen naturally. But of course risk should be taken carefully before investing. It is worth investing as much as you can afford to lose.

Basically everything we do is risk free but when I look at the current conditions I think to invest in Crypto and DCA in bitcoin of course this is a very good one regardless of what the conditions are instead of glancing at alt and shitcoin projects obviously bitcoin has a lot more risk better than that.
We must be aware that all actions will definitely have real risks and consequences, but on the other hand, if we are confident enough and able to overcome all the panic that there are risks, it will actually be worth the benefits we get, especially when we are here to prepare our old age to go smoothly. ok and while we can afford to buy bitcoin with the current bearish conditions why not.

There is no risk free everything is risky especially shitcoin, but we still deserve to hold bitcoin rather than any other asset in crypto so it is clear what we are doing with the DCA strategy is the most ideal practice for now, what you said earlier is true you don't need to buy bitcoin all at once we still have a way with the most widely used DCA method even this will not burden us during the process of obtaining bitcoins.

Let's not talk about altcoins anymore it's not worth making a DCA because there is no weighing that gives altcoins it will recover they are a real downturn so it's not necessary for altcoins and I think altcoins are the ones with big risks whereas bitcoin has a 4 year cycle period.

2022 will be finished, I will continue DCA in early 2023 and beyond......

[savetheFORUM]

Basically everything we do is risk free but when I look at the current conditions I think to invest in Crypto and DCA in bitcoin of course this is a very good one regardless of what the conditions are instead of glancing at alt and shitcoin projects obviously bitcoin has a lot more risk better than that.
We must be aware that all actions will definitely have real risks and consequences, but on the other hand, if we are confident enough and able to overcome all the panic that there are risks, it will actually be worth the benefits we get, especially when we are here to prepare our old age to go smoothly. ok and while we can afford to buy bitcoin with the current bearish conditions why not.

Actually, our life outside has full of risks and so as here in the crypto world but the risk can depend on the people's knowledge and experience. When it comes to strategies, DCAing is great for those who invest in longer terms but as long as the coin that they invest are reputable coins such as bitcoin while for someone who only wants to try and make a profit asap, then they can wait for the bear moments or whenever there is a price correction. They can then sell by the time there is a recovery in the market.

Lastly, I don't think there are more risks in BTC but BTC is actually more safer than the those shitcoins and some altcoins, knowing that we already have a patience to hodl and does not panic or sell when its value drops.

[ginsan]

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Various kinds of strategies are carried out by traders in investing in bitcoin. they see the good side to enter when the market falls. indeed the DCA strategy is the best where every actor will buy regularly and surely he will find the cheapest price moment in every purchase he makes. This method is really a must-have in scaling the investment value when he has the moment to enter each period, be it weekly or monthly.

On the one hand, the decline occurred due to the effect of negative news and there was concern among traders which made you have a moment to buy and hold in the long term.

[sulendra12]

Lastly, I don't think there are more risks in BTC but BTC is actually more safer than the those shitcoins and some altcoins, knowing that we already have a patience to hodl and does not panic or sell when its value drops.

Bitcoin also has some risks involved, but still like you said it's less compared to those altcoins out there. Combining Bitcoin and DCA if you want more "safer" choice of investment method and don't want to take hassle to learn every trading strategies and want to do it just for passive income. That is always DCA is coming in handy for those people and when the price drops, you will feel safer at least.

[BigBos]

Combining Bitcoin and DCA if you want more "safer" choice of investment method and don't want to take hassle to learn every trading strategies and want to do it just for passive income.

Actually, DCA or Dollar Cost Averaging is part of a trading strategy on an ongoing basis with a certain time lag and with an amount that you can afford that aims to accumulate in the long term.
Indeed DCA is the best strategy for the current situation, it cannot be denied that there is no other way that is better than DCA, a few days ago I asked famous traders and even legends in my country, and almost all of them (99 %) said that DCA is the best strategy, especially for people who are still confused about the market and have small capital, DCA is the best choice strategy of all time.

#BuyBTCandHODL

[STT]

At present DCA only works if you ignore that the price is descending roughly inline with the 50 day average.  It might be too soon to buy without question except as a longterm strategy, anyone who hopes to buy only a few times  even a dozen should be waiting for stability and the start of a ramp in price.  DCA is fine but presently it should only be started if you can continue, this year and for a few after so really long term.  Dont over do it shorter term, be sure to last as will the larger swings of the market also.

[JayJuanGee]

At present DCA only works if you ignore that the price is descending roughly inline with the 50 day average.  It might be too soon to buy without question except as a longterm strategy, anyone who hopes to buy only a few times  even a dozen should be waiting for stability and the start of a ramp in price.  DCA is fine but presently it should only be started if you can continue, this year and for a few after so really long term.  Dont over do it shorter term, be sure to last as will the larger swings of the market also.

I don't disagree with any of your points, yet largely DCA strategies should not be getting into trying to figure out where the BTC price is. and like you said should largely be employed based on working on establishing a position.. and surely once you establish your position, then you can rethink what you are doing, if you want to change your DCA variables or if you want to employ some other strategies.

Furthermore, your suggesting that there could be more down from here seems to be getting into ideas that attempt to combine buying on dip with DCA, and surely I have nothing against buying on dips... especially since this thread actually had been aiming to suggest that buying on dips is better than DCA.. which I don't exactly agree with that premise.. but still part of the push of this thread is to highlight attempts to buy on the dip and to de-emphasize the blindness of a DCA approach... .. and ultimately each person does need to consider the extent to which s/he wants to employ either technique or to attempt to combine them.. as it seems that many participants here strive to combine the strategies but do not necessarily clarify that they might be talking about buying on the dip rather than DCA when they are describing where the BTC price came from with possibly an objective to proclaim where the BTC price is at and to predict where the BTC price might go from here.

[naira]

Actually, DCA or Dollar Cost Averaging is part of a trading strategy on an ongoing basis with a certain time lag and with an amount that you can afford that aims to accumulate in the long term.
Indeed DCA is the best strategy for the current situation, it cannot be denied that there is no other way that is better than DCA, a few days ago I asked famous traders and even legends in my country, and almost all of them (99 %) said that DCA is the best strategy, especially for people who are still confused about the market and have small capital, DCA is the best choice strategy of all time.

#BuyBTCandHODL

When talking to big investors, they don't care about the downside because they have a set buying time, whether it's weekly or monthly with a big budget. What El Salvador is doing is also long term because they know Bitcoin will continue to go up every 4 years and what was bought with $50K in the past can easily be profitable again. Since the time left to welcome ATH is still ideal, I think we need to be on the same page. Namely by setting aside a fraction of a percent each month. The amount you can afford because that is how long term investors and traders work.

[Wind_FURY]

I have been reading some posts that, "Bitcoin has never experienced a real Economic Crisis/Tightening", and that the bottom could be lower than expected. I accept that that argument has a point, BUT I will tell you what also has a point. If the Financial Tightening could make Bitcoin fall lower than unexpected, THEN Quantitative Easing could also make Bitcoin surge stronger and higher than expected. It might be the same surge as 2011 - 2013/2015 - 2017? Buy the DIP, and?

[STT]

first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

"Bitcoin has never experienced a real Economic Crisis/Tightening"

I always liked that quote because I think its entirely relevant to the current situation and forthcoming.  We will have greater volatility basically, when they dismiss BTC as never facing hard money I see their point but its also true in the current situation that QE debt cannot withstand that hard money scenario and so it is never likely to occur willingly.  The 1980's peak interest rate scenario reflected in a long term chart such as ^TNX   10 year treasury yields or similar is not going to repeat right now, it would be terminal for entities outside of BTC.    What is far more likely to occur is contained in the foresight of that quote and knowledge of Thomas Jefferson, I dont know the full thought process but gigantic upheaval isnt a new dynamic.  What would happen is the poorest people, those who hold only cash will be crushed, banks or whatever modern equivalent with many assets will profit far more from the destruction of common currency and various negatives they could trade that landscape where as the common worker is likely to suffer most of all.

We wont get proper QT, we'll get a Richter scale extreme of giant peaks and dips far more likely.

[MoonOfLife]

I have been reading some posts that, "Bitcoin has never experienced a real Economic Crisis/Tightening", and that the bottom could be lower than expected. I accept that that argument has a point, BUT I will tell you what also has a point. If the Financial Tightening could make Bitcoin fall lower than unexpected, THEN Quantitative Easing could also make Bitcoin surge stronger and higher than expected. It might be the same surge as 2011 - 2013/2015 - 2017? Buy the DIP, and?

That argument isn't wrong, but that doesn't mean bitcoin, going through bad things, won't suddenly bounce back. After all, the price of bitcoin is being manipulated, not following any rules, supply and demand do not determine the movement of bitcoin. Bitcoin investment is very simple, if the price is low, then buy and wait for the price to go up and then sell, there is no accurate price prediction model, don't wait but buy when the price is low.

[visionE2]

There are pros and cons of where are on a bear market. First, we can hoard more or trade while the market is consolidating which I think is a great strategy for making money the bad thing is that if you are hoarding more while the value is much going cheaper it means you are losing money, and could buy more while it goes much the lower value.

DCA is the best solution for this.
Regardless of what the conditions are for the short term, when our target is farther ahead, I think it's not too much of a problem, especially when people know what it's like when it's above, it's clear something like this isn't too big of a problem, on the other hand, we also don't have to buy directly with all the money we have and I think the DCA every month is the best thing to do without worrying about further declines we can also still buy bitcoins and wait for our target to arrive.

Yes, that's right, DCA is the most appropriate strategy for my current investment strategy. for me the DCA method is indeed the coolest for long term investment, and the capital is only patient. while waiting for the right moment to take advantage.

[fadhilz123]

That argument isn't wrong, but that doesn't mean bitcoin, going through bad things, won't suddenly bounce back. After all, the price of bitcoin is being manipulated, not following any rules, supply and demand do not determine the movement of bitcoin. Bitcoin investment is very simple, if the price is low, then buy and wait for the price to go up and then sell, there is no accurate price prediction model, don't wait but buy when the price is low.

Buying at a low price and selling at a high price is a very common part of trading, it's not wrong to do something like that now because the price of Bitcoin itself has not increased. And that's not all that can be done now, but buying Bitcoin and then keeping it as a future investment is also very suitable now. I don't think that Bitcoin is being manipulated by a group of people now even though the price is still low, but basically Bitcoin is still good to buy and use in terms of investing or trading.

[ShowOff]

Yes, that's right, DCA is the most appropriate strategy for my current investment strategy. for me the DCA method is indeed the coolest for long term investment, and the capital is only patient. while waiting for the right moment to take advantage.

Most of us probably said it already, but the level of difficulty will vary. DCA is just one strategy that you can apply both in the short and long term, but if you believe now is the right time to buy everything then what's wrong with doing it.

After all, it's not mandatory to do DCA all the time if in fact you have seen the bearish cycle is over where the bullish cycle has started. I don't care how much DCA I have done, but if the market has been looking bullish then I think I just need to spend all my capital in one buy ''lump sum". But for now, you can still consider DCA considering that the market is still in a bearish state, at least it's safe to spend 50% of your capital on every dip.

[JayJuanGee]

Yes, that's right, DCA is the most appropriate strategy for my current investment strategy. for me the DCA method is indeed the coolest for long term investment, and the capital is only patient. while waiting for the right moment to take advantage.

Most of us probably said it already, but the level of difficulty will vary. DCA is just one strategy that you can apply both in the short and long term, but if you believe now is the right time to buy everything then what's wrong with doing it.

After all, it's not mandatory to do DCA all the time if in fact you have seen the bearish cycle is over where the bullish cycle has started. I don't care how much DCA I have done, but if the market has been looking bullish then I think I just need to spend all my capital in one buy ''lump sum". But for now, you can still consider DCA considering that the market is still in a bearish state, at least it's safe to spend 50% of your capital on every dip.

Of course, there is no problem with front loading your buys into bitcoin based on the speculation that BTC price has bottomed, so buying on dips and lump sum investing include those kinds of calculations.

It also makes a difference if you have already gotten a decent sized bitcoin stash (in accordance with your own circumstances) or if you are still pretty new to bitcoin and you are establishing your initial bitcoin investment stash.

Let's take an example of a person who might have something like a $50k total investment portfolio, and s/he has an income of $40k per year, so maybe this hypothetical person has been investing several years already, and at this time, she has $6k in cash, and $6k in extra income that will be coming in over that next 6 months to be invested.  S/he can decide to invest all of the $6k and s/he can even invest the cashflow before it comes in, and so in that regard, there are always going to be degrees in which anyone might want to front run their investment into bitcoin or if s/he we wants to divide into the three categories of lump sum investing (buying right away) or buying on dips and DCA over the next 6 months or whatever target period of time that might be considered.

Another consideration might be what is the allocation that is wanted to be made towards bitcoin?  would it be somewhere between 1% ($500) and 25% ($12,500) or would it be some other amount?  Has such hypothetical person already achieved his/her target allocation into bitcoin or does s/he want to work towards reaching such target allocation over the next several months or even stretching out the goal of reaching the target allocation over the coming year or two.  Maybe such person can project that s/he has $6k in cash, expects $6k investment cash over the next 12 months.. but then maybe there could be similar amounts of new cash that is expected over the whole year, or there might be some uncertainties regarding cashflow and won't really know until after the cashflow comes in but the extra cashflow is likely to between $500 to $2k per month.. and so in that sense, s/he might have to project with the more conservative amount of $500 extra cashflow per month, and if more cash comes in, then at that point, that money could be invested into bitcoin or at least plugged into the cash available for investing into bitcoin.

So, by the end of the year, the investment portfolio could be projected as ending up being anywhere between $62k ($50k + $12k) and $74k ($50k + $24k) - and then of course, portions of the investment portfolio can increase or decrease in size depending on price performance of the various asset allocations within the investment portfolio.

It seems to me that expectation of price performance of bitcoin or any other asset class that is held or is being considered for investment is ONLY a part of the considerations