Buy the DIP, and HODL!

[Minecache]

Some people might be Panic selling right now due to fear of uncertainty, While this is really the right time to start building up your portfolio and I'm buying more of Bitcoin. However,  if you had missed the first pump on January, now seem to be another nice time to get in. I have actually started adding up a little more of Bitcoin Into my portfolio at 20.7k and will continue to DCA down the line ,HODL and believing that history will reward us in the coming future.

I have been holding for the last 6 months, and I will say that I'm not deter with this dump again, I will continue to do what I have been doing in the next 6 months or so.

Now as for the price, it's going down hard to $20,300, now it doesn't look good because on the first 2 months, the price really seems to take off. Unfortunately, it's very different time day. For those doing DCA, this is another opportunity again. For those who are buying one time and looking to enter, this is also a golden opportunity. So do not be negative when we see the price declining, but instead make the best out of it by stacking sats.

I was really unhappy when bitcoin suddenly increased by more than 50% in the first 2 months of the year, causing me to change my plans and accept that bitcoin will no longer be cheap to accumulate. But finally, bitcoin corrected again, I don't know if anyone panicked when buying bitcoin at 24k, but I'm happy when bitcoin drops below 20k. Given the situation, I predict this won't be the last chance this year, but we should take every opportunity. Buying bitcoins under $20k is something that will never be seen in the future, so we need to make full use of it.

[1714669542]

1714669542

[1714669542]

1714669542

[imamusma]

-snip-

Well that seems to be part of the purpose of this thread, in order to discuss various ways in which to accumulate BTC in such a way that any of us might be able to put our own individually tailored systems into place so that we don't feel as emotional about or BTC sales and/or our BTC buys so long as we might consider that overall we are attempting to treat bitcoin as a long term investment, so in that regard, we might feel better to sell a bit of our bitcoin on the way up.. but might not feel compelled that we have to sell large portions or even any of it on the way up if we might establish other systems for ourselves to deal with seemingly inevitable ongoing BTC volatility.. ONE of the most inevitable things in bitcoin seems to be that it is going to be volatile - so if we already can recognize and appreciate the likely inevitability of BTC's volatility, then we are likely in a better place to deal with such ongoing inevitable volatility by putting systems into place, and surely some of the emphases of those systems that each of us puts into place is going to vary from one another, but if we are able to bat around the varying ideas (including in places like this thread), then we are likely going to put ourselves into better financial/psychological circumstances to be able to deal with such.

Psychological pressure seems unavoidable given that market volatility sometimes does not show any increase after some time. I've been gaining -15% in the last 30 days, my portfolio value is dump and that's kind of annoying and puts a lot of psychological pressure on me. But sure - take a deep breath and hold with it and accumulate as much as I can even if it's not more than $100 a month. This means I can save $25 per week, max $30 and would really like to do more if inflation didn't take a toll on my financial situation.

There is a good chance of a dip this time as FUD really haunts the market. Obviously allows me to get a lower price for the same goal in the long term. This thread and the discussions that it has led me to feel a sense of belief that bitcoin has unquestionable potential, in the long term of course.

[LDL]

At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.

[indah rezqi]

>snip
An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.

As long as bitcoins have a demand and supply, that's how long they will be valuable.
No matter how bad the market conditions are affected by FUD, it is only part of the investment risk and is an important point for every investor to consider. The market can move both ways, it affects the value of investment assets but that is the reason why both losses and profits are generated from the investment.

You can be optimistic about the future, but please only do so in an amount that you can really afford to lose. I get this point from various posts, many people always say it and of course it is important for every investor and myself to consider.

[Wind_FURY]

Trending crypto market investing in Bitcoin can make some profit. And if you can get a good idea then definitely buy and hold Bitcoin. Buy bitcoins when the bitcoin market goes down and sell when the price goes up if you want to sell later. And thus you can become a successful trader in the future.

There is no need to have a good idea if someone already believes and believes in Bitcoin, so he can immediately apply Buy the DIP, and HODL to Bitcoin and never think about when to sell it even though when he sells it later it will also determine what the price will be at that time. Sometimes the buyers in the market are not all traders, because there are also those who just buy and then hold it for a time limit that they did not specify at that time. Although the goal of investing in Bitcoin in the long term is to make a profit.

My suggestion/advice in how to make it easier to make it HARD for yourself from compulsive-selling your Bitcoin because of fear and panic is, HODL YOU BITCOINS IN COLD STORAGE, not hardware wallet, ACTUAL COLD STORAGE using an offline computer. That has saved me many times from "the temptation" because of the extra process of signing, copy and pasting, plugging a USB from the online computer, to the offline computer, back to the online computer.

 

[ajiz138]

I think an investor will not hold for a short time because the principle of an investor is a strong hand to hold bitcoin as long as possible, on the other hand the current price is still not high enough even though buying around $ 16,000 it is still too early to sell bitcoin assets, still be an investor as much as possible with the next 10 years he will definitely get everything.

Not all investors have the same time frame when it comes to sticking with their investments. Investment time frame tend to vary from investor to investor, but that shouldn't really matter as long as they're making a profit. Institutional investors may be different, they tend to get a longer time frame than personal investors.

Surviving 5 to 10 years in an investment asset that has a high risk of volatility like bitcoin probably would not be considered by all people hoping for profits between ATH. They will sell it and enjoy the profits all year round. But the principles of investors are the same, yes they tend to stay on longer time frames.

Yeah.. you can fuck around all that you like.. including selling BTC when you are in profits.  But part of the focus of this thread is to frame bitcoin as a longer term investment, which is that 5-10 year time frame, so yeah, you can see profits at some sooner timeframe, and you can take profits, and so fucking what?  You made some dollars, and you might end up getting screwed if you sell too much too soon.

There is a bit of a value proposition that is being presented in terms of bitcoin potentially serving as a kind of asset that you are not fucking around with.. you are accumulating it and building it for the long term.

And, sure on a personal level you can do whatever you like, including ignoring bitcoin's value proposition, valuing your wealth in terms of dollars and try to time the ups and downs of bitcoin and end up selling too much too soon.

Don't get me wrong.. I am not even against some folks to consider investing into bitcoin in terms of shorter time horizons, even though probably it used to be the case that I would tell people that it might NOT be a great idea to invest in bitcoin if they did not have at least have a 4 year time horizon.    These days, I still largely stick with the 4 year time horizon as the minimum, but I also suggest that maybe if your time horizon is less than 4 years, then you would just take a smaller position size.

You're right, it's their right to determine their position to sell their BTC when conditions are rising. This is even a short-term investment, but they do it because they want to get profits faster than usual, but keep in mind it's not as easy as we imagine, buying low and then selling high is actually difficult for short-term BTC so here I've focused on the long term with 5-10 years, but again every investor's thinking is different but I'm more focused bitcoin is a long time to stockpile.

But please assume what percentage you want to get from the increase in bitcoin and then sell even I envy this is no exception selling lots of bitcoins but if you feel it's still a piece of bitcoin then it's better in the long term because, for the long term, it's not ideal to get better profits.

But I agree with you, you don't need to force someone to run it alone.

Part of the truth of the matter when someone might either start to get more elderly in their 60s, 70s or 80s, they become somewhat uncertain about how long their time horizon is, as compared with someone who might be in his/her 20s, 30s, or 40s who might be saving up for a house or some large purchase, so the time horizon has to do with considerations of when they are wanting to be able to make those larger purchases, rather than end of life and/or retirement considerations.

Actually I don't have data on how many 60-70 year olds are still active in investing in bitcoin with DCA or hoarding in any way to project it but I predict that those who do this are among young people maybe at the age of 20-30 years who are still young enough with all the big dreams of bitcoin as long as they invest it, of course their hope is to buy something that has been coveted so far by buying an expensive house or car in the process of saving in bitcoin but if they set a 10 year HODL then they can get greater profit from the results of such patience.

[JayJuanGee]

Some people might be Panic selling right now due to fear of uncertainty, While this is really the right time to start building up your portfolio and I'm buying more of Bitcoin. However,  if you had missed the first pump on January, now seem to be another nice time to get in. I have actually started adding up a little more of Bitcoin Into my portfolio at 20.7k and will continue to DCA down the line ,HODL and believing that history will reward us in the coming future.

I have been holding for the last 6 months, and I will say that I'm not deter with this dump again, I will continue to do what I have been doing in the next 6 months or so.

Now as for the price, it's going down hard to $20,300, now it doesn't look good because on the first 2 months, the price really seems to take off. Unfortunately, it's very different time day. For those doing DCA, this is another opportunity again. For those who are buying one time and looking to enter, this is also a golden opportunity. So do not be negative when we see the price declining, but instead make the best out of it by stacking sats.

I was really unhappy when bitcoin suddenly increased by more than 50% in the first 2 months of the year, causing me to change my plans and accept that bitcoin will no longer be cheap to accumulate. But finally, bitcoin corrected again, I don't know if anyone panicked when buying bitcoin at 24k, but I'm happy when bitcoin drops below 20k. Given the situation, I predict this won't be the last chance this year, but we should take every opportunity. Buying bitcoins under $20k is something that will never be seen in the future, so we need to make full use of it.

The truth of the matter is that we don't really know which way the BTC price is going to go in the short term.  I recall that when I first got into bitcoin in late 2013, my main strategy for the next year and a half was to buy bitcoin and if I spent any bitcoin, then I would replace it within days of selling it.. so I was quite a bit biased in regards to BTC accumulation and I was worried about not having enough.

So in spite of my bias towards BTC accumulation, by mid-2015, I had realized and recognized that I had over-accumulated my earlier targets, and therefore, I spent quite a bit of time to model out ways in which I would be able to sell some BTC as the BTC price goes up (presuming that the BTC would go up at sometime in the future), so that I could figure out a comfortable way to balance out the "overaccumulation" that I had assessed myself to have had done.

So, even though I had put systems in place to sell small amounts of BTC on the way up and to buy on the way down, when the BTC price shot from around $300 to $500 in a matter of only a few weeks, I ended up panicking and I abandoned my plan to sell on the way up, and I ended up using quite a bit of my left over cash to buy near the early November 2015 top of $500.. which largely meant that I had done the opposite of what I had planned and I had also fucked up my plan because I did not have much of any budget to buy when the BTC price corrected back down to $300-ish and took quite a wile to get back up to $400 and largely got caught in the lower $400s for the next 6 months (until the end of May 2016).... so yeah, I fucked up my situation because I got emotional, and I am pretty sure that I did not make that same mistake again.. because I learned from it.. and it is not easy to learn from these kinds of mistakes or even to have conviction that you have learned something that you are going to be able to apply in the future because every time in the future there remains quite a bit of uncertainties regarding what the BTC price is going to do in the short to medium term, and largely if you create a plan that is well thought through in advance, it tends to be best to mostly stick with that plan because you shiould have already largely accounted for extreme possibilities in your plan so that even if the BTC price ends up going beyond the extremes that you had thought to be possible, the most that you likely should be doing is tweaking your plan rather than panicking and throwing out the plan.. and then making up some inadequate, spontaneous and likely emotionally driven plan..

-snip-

Well that seems to be part of the purpose of this thread, in order to discuss various ways in which to accumulate BTC in such a way that any of us might be able to put our own individually tailored systems into place so that we don't feel as emotional about or BTC sales and/or our BTC buys so long as we might consider that overall we are attempting to treat bitcoin as a long term investment, so in that regard, we might feel better to sell a bit of our bitcoin on the way up.. but might not feel compelled that we have to sell large portions or even any of it on the way up if we might establish other systems for ourselves to deal with seemingly inevitable ongoing BTC volatility.. ONE of the most inevitable things in bitcoin seems to be that it is going to be volatile - so if we already can recognize and appreciate the likely inevitability of BTC's volatility, then we are likely in a better place to deal with such ongoing inevitable volatility by putting systems into place, and surely some of the emphases of those systems that each of us puts into place is going to vary from one another, but if we are able to bat around the varying ideas (including in places like this thread), then we are likely going to put ourselves into better financial/psychological circumstances to be able to deal with such.

Psychological pressure seems unavoidable given that market volatility sometimes does not show any increase after some time. I've been gaining -15% in the last 30 days, my portfolio value is dump and that's kind of annoying and puts a lot of psychological pressure on me. But sure - take a deep breath and hold with it and accumulate as much as I can even if it's not more than $100 a month. This means I can save $25 per week, max $30 and would really like to do more if inflation didn't take a toll on my financial situation.

There is a good chance of a dip this time as FUD really haunts the market. Obviously allows me to get a lower price for the same goal in the long term. This thread and the discussions that it has led me to feel a sense of belief that bitcoin has unquestionable potential, in the long term of course.

For sure it is not easy to figure out how much to buy regularly, how much to buy on dips and how much to hold in reserves.. So there can be a bit of a moving target, including sometimes we run out of money when we are buying on the way down, and we are forced to HODL until maybe the next time that we get enough cash to buy, which could be two weeks, but sometimes we might not have enough cash to buy more for 1-2 months... so yeah, it does seem to help to be in profits in your BTC portfolio, even though that does not completely resolve the dilemma, especially if you feel that it is taking forever and you are having difficulties in seeing progress.. which could take 3-6 years or even longer before you start to feel that you are making some measurable progress, and sometimes there are even bitcoiners who have been involved in bitcoin for more than 6 years, but they still feel like they are making mistakes and not making progress.. but harder to make those kinds of assertions if you are not fucking around with trading and you are mostly just buying on a regular basis to the extent of your own abilities and not trying to compete with anyone except for trying to be a kind of prudent, reasonable and perhaps assertive/aggressive version of yourself.. in terms of focusing on BTC accumulation while at the same time realizing that there are not any guarantees that you are going to not end up losing everything.. .. so there are ways to attempt to engage in risk management too. and try to preserve your principle without gambling and/or without taking too many risks.

Part of the truth of the matter when someone might either start to get more elderly in their 60s, 70s or 80s, they become somewhat uncertain about how long their time horizon is, as compared with someone who might be in his/her 20s, 30s, or 40s who might be saving up for a house or some large purchase, so the time horizon has to do with considerations of when they are wanting to be able to make those larger purchases, rather than end of life and/or retirement considerations.

Actually I don't have data on how many 60-70 year olds are still active in investing in bitcoin with DCA or hoarding in any way to project it but I predict that those who do this are among young people maybe at the age of 20-30 years who are still young enough with all the big dreams of bitcoin as long as they invest it, of course their hope is to buy something that has been coveted so far by buying an expensive house or car in the process of saving in bitcoin but if they set a 10 year HODL then they can get greater profit from the results of such patience.

It is likely a bit more difficult for someone to add new classes of investments (such as an asset like bitcoin) to their investment portfolio or to make any kinds of large changes to their perceptions of investment practices that might have already worked sufficiently well for them... It is not impossible, but surely it can be quite scary for someone who is older to either add something new or even to go through enough hours of research to figure out the value of bitcoin's investment thesis.

There might be some classes of older investors who are more receptive to the idea of adding something like bitcoin to their investment portfolio..

Another thing that sometimes bothers me when I hear really young investors throwing out their anti-government, and burn it all down ideas is that sure there may well be some receptivity that younger investors have to bitcoin or any other investment, because they might be starting with hardly anything.. so they may well be more than willing to get into bitcoin because they believe it is a new system and the old system has to be burnt down.. which really seems to be a kind of naiveté in my thinking .. even though surely, there is truth to differing ways that anyone might think when they have already established a lot of assets (including investments) compared when they are new and they might not have any other assets.. but that lack of assets does not all of a sudden make the no (or low) asset person correct merely because they thereafter blindly invest into bitcoin without considering the various potential of other assets..

And don't get me wrong, I am not even suggesting that there is any need to diversify into other assets when someone is a new investor, I don't see anything wrong with going straight to bitcoin and building up their investment portfolio with just bitcoin and dollars and perhaps when the investment portfolio reaches a certain size, then that same investor might need to consider the extent to which diversification might be a good thing rather than not having any other assets... so yeah an older investor might have property, equities, bonds, cash and other forms of investments that have been largely building and they perceive to have had been adequately working for them.. because they appear to be ongoingly going up in value (dollar value - but they might have little to no clue about the extent to which the dollar has been debased and continues to be debased... so yeah, it can be difficult to see and understand bitcoin's value proposition and young people are not necessarily smarter in those regards, but they might be willing to take chances.. including appreciating number go up technology.. which really is an incomplete believe, even if that framework might be enough to end up being correct)...

[Sayeds56]

Actually I don't have data on how many 60-70 year olds are still active in investing in bitcoin with DCA or hoarding in any way to project it but I predict that those who do this are among young people maybe at the age of 20-30 years who are still young enough with all the big dreams of bitcoin as long as they invest it, of course their hope is to buy something that has been coveted so far by buying an expensive house or car in the process of saving in bitcoin but if they set a 10 year HODL then they can get greater profit from the results of such patience.

While it is true that younger people are more inclined to invest in Bitcoin and have high expectations for potential profits, it is also noteworthy that older investors have been actively involved in the crypto currency market for years. Regardless of age, it is crucial for investors to adopt long-term outlook & develop a well-thought-out investment strategy. By implementing long term HODL strategy, investors can endure market fluctuation and potentially reap the long-term growth potential of Bitcoin.

[Dickiy]

There is no need to have a good idea if someone already believes and believes in Bitcoin, so he can immediately apply Buy the DIP, and HODL to Bitcoin and never think about when to sell it even though when he sells it later it will also determine what the price will be at that time. Sometimes the buyers in the market are not all traders, because there are also those who just buy and then hold it for a time limit that they did not specify at that time. Although the goal of investing in Bitcoin in the long term is to make a profit.

There may be some people in the market that when he buys bitcoins he doesn't know when to sell them but I think those are just beginners in investing in bitcoins. I think that a healthy and experienced investor always determines when to buy and when to sell, management of things like this is important for smooth investing both in the long and short term. If someone who is experienced they are definitely more or less able to read price movements, as we know in bitcoin there are cycles, market trends, buy/sell opportunities, and price characteristics every month during the course of one year (excluding news sentiment) then when you can read this, you will definitely prepare several options for making decisions and I think that is something that every investor should have, what I mean is that there must be a target in terms of profit goals for any period of time.

I do think that you can talk about systems to put in place in order to better trade - but really that is not the topic of this thread.

We are largely attempting to talk about dealing with one side of the ledger in this thread to help to figure out ways to employ various buying strategies and even holding strategies whether or not we might have run out of money to buy.. ... so surely buying on the dip or DCA or even maybe some lump sum buys from time to time, but then the default is hold.. not sell.. so we are not really talking about the trade offs in regards to trying to figure out how to sell and to potentially profit from that.. so those kinds of strategies seems to take us outside of the topic of this thread.. even though it can be a fair topic, but seems to need to be explored in other places (threads in the forum). and not as one of the methods being discussed here in regards to the planning and employing of the various strategies of buying and holding.

Sorry sir, I seem to have focused too much on the points that lead the conversation to the brink of this thread or don't have a clear correlation and not what we usually talk about here.

At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.

Now here is the importance of DCA, where we can buy when it bleeds and cast nets and look for dip in the bitcoin decline, we see the price when the news is circulating and it spreads so that there is a decline and if you look at the decline at that time it reaches the price of $ 19.5k and finally comes back starting to bounce into the $20k area.

Monthly DCA and DCA when it drops like that I feel reduces the feeling of disappointment from a drop due to such an accident.
In essence, it is buying and holding bitcoin that you have bought, even if you want to sell it when there is a lot of decline and lots of FUD circulating, but we must not forget history that bitcoin can never be killed by sentences like that.

[Sayeds56]

Monthly DCA and DCA when it drops like that I feel reduces the feeling of disappointment from a drop due to such an accident.
In essence, it is buying and holding bitcoin that you have bought, even if you want to sell it when there is a lot of decline and lots of FUD circulating, but we must not forget history that bitcoin can never be killed by sentences like that.

In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.

[bangjoe]

At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.
I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

[huu78]

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.
I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

well you can be said to be lucky if you can buy bitcoin when it falls to 15k $ but here the possibility of bitcoin falling even deeper is still happening, but if you intend to keep it for the long term as you said, you don't need to worry anymore, stay calm.

[Rabata]

At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.
I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

I think there are many investors who dream big when the market is good and find no way when the market is down. In this fact only those investors will be successful who are interested in holding it and looking for long term profit. In this regard you are most experienced. Bitcoin is once again trading from a dip at $19900 and now $22,283. By this trend it can be assume that it is preparing to become bullish. Those who bought $16k are now in profit but most experienced investors are trying to hold it. As a result, Bitcoin is more likely to go back to $30K or above in the next few months. Those who are determined to invest in Bitcoin never lose in Bitcoin.

[imamusma]

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.

The fact is that the market can never avoid volatility, so make sure you only invest what you can afford to lose.
When you've been in this space longer than others, then hopefully you've found the right way to understand how the market works in the long term. FUD is of course bad if you think it is, but otherwise FUD is an opportunity you never expected to buy bitcoin at low price.

I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

DCA is working for those of you who need time to save budget or perhaps have doubts about the potential for the next price drop. But if you're willing to hold bitcoin on a longer time frame, then I guess lump sum is fine too.

[ScamViruS]

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.
I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

well you can be said to be lucky if you can buy bitcoin when it falls to 15k $ but here the possibility of bitcoin falling even deeper is still happening, but if you intend to keep it for the long term as you said, you don't need to worry anymore, stay calm.

When the market creates an opportunity, one can use that opportunity to prepare for long-term investment. If you look at the history of Bitcoin, you can see that after every bull cycle it touches the previous ATH. But this time the situation turned very bad, the market went down more than the previous ATH. So it was a good chance, those who took this chance in preparation for long term investment are already in profit.

[youdacapt]

In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.

I read daily about the importance of the "Dollar cost averaging" DCA Strategy but nobody actually discuss its reality. "Dollar cost averaging" DCA is a good approach in a bullish market, but with the market sinking barely every day for the past 6 months, how have top traders been using their "Dollar cost averaging" DCA Strategy? do you just continue to buy the dip repeatedly with no bull signs in sight ?

Realistically, in a bear market, the Dollar cost averaging strategy will only force your hands to hold too much of a particular token at loss. The best strategy is to figure out a token with a potential, buy and hold until the next bull run. For example, You cannot continue to Dollar cost average a token that dumps from 14$ to 1$. Its too much loss on a particular trade

[JayJuanGee]

In deed, Dollar cost averaging (DCA) strategy can help to mitigate impact of market volatility on your investment in Bitcoin or any other asset. By investing a fixed amount of money regardless of market is up or down, you can potentially reduce your average cost per coin or share over time and can benefit from the long-term growth potential of your assets.

I read daily about the importance of the "Dollar cost averaging" DCA Strategy but nobody actually discuss its reality. "Dollar cost averaging" DCA is a good approach in a bullish market, but with the market sinking barely every day for the past 6 months, how have top traders been using their "Dollar cost averaging" DCA Strategy? do you just continue to buy the dip repeatedly with no bull signs in sight ?

Realistically, in a bear market, the Dollar cost averaging strategy will only force your hands to hold too much of a particular token at loss. The best strategy is to figure out a token with a potential, buy and hold until the next bull run. For example, You cannot continue to Dollar cost average a token that dumps from 14$ to 1$. Its too much loss on a particular trade

Have you heard of bitcoin?

Here we are talking about bitcoin, we are not talking about various shitcoins.  DCA does not work with shitcoins (or tokens).. fuck shitcoins and fuck "potential tokens." 

Go to some other thread if you want to engage in discussions to assess the "potential" of various tokens (aka shitcoins).

The ultimate application of DCA, buying on dips and lump sum accumulation that we are discussing in this thread relates to having had already assessed fundamental strength that bitcoin has in the longer term, so in that regard, it hardly matters what price you buy so long as you continue to buy - especially if your investment time horizon is 4-10 years or longer.

Of course, if you are wrong about your assessment of the fundamental strength of bitcoin, then ultimately your investment might not be in profits 4-10 years or longer into the future.

The idea of buy on dip and HODL has to do with attempting to improve upon any kind of DCA approach that any of us might attempt to apply in terms of attempting to strategize buys that are at lower prices, and of course, HODL would be a kind of strategy that is meant to deal with mistakes of buying too much too soon while the BTC price might still be dipping and you might have already used up all of your cash.. so the HODL strategy would be a way to attempt to get through such dip period in which you are low on cash or you are waiting for more cash to come in or you are waiting for the BTC price to get out of its slump and return UPpity.. sooner or later UPwards movements in price should end up happening, but of course, there are never guarantees, and part of the conviction of making an assessment of decently strong fundamental strength would thereby logically follow that there is a bit of an expectation that at some point upward price movements are going to continue, even while at the same time realizing that no investment is 100% guaranteed, even if it has been assessed to have a lot of fundamental strengths.

[youdacapt]

Have you heard of bitcoin?

Here we are talking about bitcoin, we are not talking about various shitcoins.  DCA does not work with shitcoins (or tokens).. fuck shitcoins and fuck "potential tokens." 

Go to some other thread if you want to engage in discussions to assess the "potential" of various tokens (aka shitcoins).

The ultimate application of DCA, buying on dips and lump sum accumulation that we are discussing in this thread relates to having had already assessed fundamental strength that bitcoin has in the longer term, so in that regard, it hardly matters what price you buy so long as you continue to buy - especially if your investment time horizon is 4-10 years or longer.

Of course, if you are wrong about your assessment of the fundamental strength of bitcoin, then ultimately your investment might not be in profits 4-10 years or longer into the future.

The idea of buy on dip and HODL has to do with attempting to improve upon any kind of DCA approach that any of us might attempt to apply in terms of attempting to strategize buys that are at lower prices, and of course, HODL would be a kind of strategy that is meant to deal with mistakes of buying too much too soon while the BTC price might still be dipping and you might have already used up all of your cash.. so the HODL strategy would be a way to attempt to get through such dip period in which you are low on cash or you are waiting for more cash to come in or you are waiting for the BTC price to get out of its slump and return UPpity.. sooner or later UPwards movements in price should end up happening, but of course, there are never guarantees, and part of the conviction of making an assessment of decently strong fundamental strength would thereby logically follow that there is a bit of an expectation that at some point upward price movements are going to continue, even while at the same time realizing that no investment is 100% guaranteed, even if it has been assessed to have a lot of fundamental strengths.

Now i get the context  , I didn't think it was solely bitcoin based dca analogy because i didn't expect dca to be a strategy when investing in bitcoin. To my understanding; the best way to invest in bitcoin is by targeting and accumulating as much satoshis as possible because context wise; the target should be 1 bitcoin or 0.5 btc; that way the bullish trend would show more favorable trends to an holder wallet.

Also, i agree with your hodl strategy analysis too because bitcoin is the only token i attempt to hold long term. Thanks for the little enlightenment

[bangjoe]

We have seen that a few years ago, lots of crypto companies or others have influenced the price of bitcoin so that it plunged more than what we imagined at every moment and even reached the lowest price. regret when we listen to FUD that bitcoin will die when it crashes like last year when ftx crashed many people ran from the market because of that incident. the thing that makes me proud even though the amount of bitcoins I bought was not that much but buying in the $15k area is always medicine when there is a decline at a higher price.

The fact is that the market can never avoid volatility, so make sure you only invest what you can afford to lose.
When you've been in this space longer than others, then hopefully you've found the right way to understand how the market works in the long term. FUD is of course bad if you think it is, but otherwise FUD is an opportunity you never expected to buy bitcoin at low price.

Yes I did that, using money I could afford to lose and not to use in the short term. I save value in bitcoins from the side of my budget needs and emergency fund, so you don't have to worry.
As far as I pay attention to the market and discuss it, I dare say that I quite understand the sentimental market. I have my own term in the DCA and HODL Bitcoin strategy, namely "I eat blood, I see green".

I don't feel hopeless even though lately bitcoin has fallen quite extreme, even though last month's DCA I was at $24k but it doesn't make me panic because I still have the bitcoin that I bought at $15k and I plan to keep the bitcoin, and to become history the luckiest in my life.

DCA is working for those of you who need time to save budget or perhaps have doubts about the potential for the next price drop. But if you're willing to hold bitcoin on a longer time frame, then I guess lump sum is fine too.

Yes Lump sum would be fine for Hodl in the long run and I'm not denying it, but the mental attack from panicking because I've put money into bitcoin at one time, might make me sleep and eat uneasy if the market goes down. worse than the purchase price, therefore I prefer DCA as an alternative to buying Bitcoin besides that we have the opportunity to get DIP prices when using the DCA strategy.

[JayJuanGee]

Have you heard of bitcoin?

Here we are talking about bitcoin, we are not talking about various shitcoins.  DCA does not work with shitcoins (or tokens).. fuck shitcoins and fuck "potential tokens." 

Go to some other thread if you want to engage in discussions to assess the "potential" of various tokens (aka shitcoins).

The ultimate application of DCA, buying on dips and lump sum accumulation that we are discussing in this thread relates to having had already assessed fundamental strength that bitcoin has in the longer term, so in that regard, it hardly matters what price you buy so long as you continue to buy - especially if your investment time horizon is 4-10 years or longer.

Of course, if you are wrong about your assessment of the fundamental strength of bitcoin, then ultimately your investment might not be in profits 4-10 years or longer into the future.

The idea of buy on dip and HODL has to do with attempting to improve upon any kind of DCA approach that any of us might attempt to apply in terms of attempting to strategize buys that are at lower prices, and of course, HODL would be a kind of strategy that is meant to deal with mistakes of buying too much too soon while the BTC price might still be dipping and you might have already used up all of your cash.. so the HODL strategy would be a way to attempt to get through such dip period in which you are low on cash or you are waiting for more cash to come in or you are waiting for the BTC price to get out of its slump and return UPpity.. sooner or later UPwards movements in price should end up happening, but of course, there are never guarantees, and part of the conviction of making an assessment of decently strong fundamental strength would thereby logically follow that there is a bit of an expectation that at some point upward price movements are going to continue, even while at the same time realizing that no investment is 100% guaranteed, even if it has been assessed to have a lot of fundamental strengths.

Now i get the context  , I didn't think it was solely bitcoin based dca analogy because i didn't expect dca to be a strategy when investing in bitcoin. To my understanding; the best way to invest in bitcoin is by targeting and accumulating as much satoshis as possible because context wise; the target should be 1 bitcoin or 0.5 btc; that way the bullish trend would show more favorable trends to an holder wallet.

Also, i agree with your hodl strategy analysis too because bitcoin is the only token i attempt to hold long term. Thanks for the little enlightenment

Of course, anyone getting into bitcoin or any other investment needs to attempt to account for what might work better (from their own point of view) based on a variety of personal circumstances, and surely I don't have any problem with the idea to make a lump sum investment from the start of the investment and then to allow time to pass in order to hopefully see that lump sum investment appreciate in value over time, whether that is 4-10 years or longer or maybe some other specific timeline that the person considers to be their goal (what they believe that they are aiming for at the time that they start their investment into bitcoin).  

One of the detachments from reality that you seem to be in would be that there are a whole hell of a lot of people who are either unable financially or even psychologically just jump into any investment, whether bitcoin or any other investment with a lump sum, even if such lump sum might be more affordable now as compared to where BTC prices were at through most of 2021... but still if you think about it, not everyone willing or able to just stick $12.5k or $25k into bitcoin, if referring to 0.5BTC or 1BTC as an initial investment, and even if they were able to do such a thing, they might be unwilling to take such a lump sum approach, even if an overall a lump sum approach might be a better strategy than DCA and/or buying on dip.

Another thing could be that a person is new to investing and they are trying to figure out what to invest in, and they can have all kinds of ideas about how to ease into an investment or to build up such investment over time, and historically, some people might invest 30-40 years, and never make it to fuck you status... but then when there is bitcoin  (and even crypto/shitcoins) there could be some expectations that they might be able to get to fuck you status more quickly.. and I am not even suggesting that getting to fuck you status might not be accelerated, even if many of us likely recognize and appreciate that there are a variety of ways that investors could screw up.. whether they are new investors or even more experienced investors who might start to employ higher levels of risk after some point that they might have had already built up their investment portfolio and maybe they become more adventurous and screw things up along the way?.. hahahahaha..  part of the attempted advantage of discussing matters in this thread might help for members to consider better (or at least different) strategies in regards to how to they might consider investing in bitcoin and/or accumulating it or maintaining their BTC stash.