Buy the DIP, and HODL!

[naira]

Does DCA here have to be supported by stable finances? for example, having a steady income from work which can later be used to invest more regularly.

I'll answer it for you but based on what I understand, so don't swallow it whole so you have to decide for yourself.

The first, is DCA or stands for Dollar Cost Averaging, which means saving regularly. Ideally you should have a stable income, if you work and get paid weekly or monthly then the percentage of Bitcoins should be taken into account. For example, if your monthly salary is $300, then 10% is used to buy Bitcoins, withdraw whatever you want to a cold wallet and remember, don't store your Bitcoins on centralized exchanges like Binance, KuCoin, Mexc, etc. According to your goals, you want to hold Bitcoin in the long term.

Second, if on the other hand your income isn't as stable as your friend's but you keep investing in Bitcoin, it's just that your buying patterns may be erratic depending on whether you have the money or not at the time. Is that bad? Of course not because basically being able to buy one is already a good decision whether you want DCA or not. Because the most important thing when buying is to make sure the bitcoin price is in a bearish trend or a red candle.

What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.

Third, here it seems like you already have pretty good basic knowledge about Bitcoin plus you already know what the risks are when investing. I think it's enough as the main foundation, it just needs to be executed in my opinion. Because you already know the risks and already have a steady income compared to your friends' conditions, you may be able to collect more Bitcoins more quickly.

Just a note for you, the idea behind DCA aims to educate investors to have disciplined habits in order to achieve bigger goals in the future. Hopefully this can help and strengthen your determination in investing, the pros and cons of the explanation above, please only take the positive side. I, you, and everyone are still learning so don't be shy to ask questions and keep reading more from reliable sources about investing so you don't lose money by mistake.

[1714965789]

1714965789

[1714965789]

1714965789

[red4slash]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

[fzkto]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

[Odusko]

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during the panic.

Market sentiment and holders' actions are the activities that always outplay before and after any bull market and the amount of buying and selling make up for the overall activities in the market that provide us the data to base our analysis of the market on,  so we have to expect whatever price directions be is fall of rise before the next anticipated bull market which we don't know when exactly that will happen,  but it is expected to come after the Bitcoin halves which is sometime around 2024.
The weak hands will sell off forcing the price to deep,  but more also those who already understand the market behaviour already know what action and direction to take in this situation as we approach the half-speculated date.

[Aanuoluwatofunmi]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

Another thing to know about bullrun is that it does not occur in a one way direction like that, it might have pump up far enough and still begin to dump and continue with both process for a while before it suddenly pumps again very high, what makes it noticeable is the fact that in such period, the market becomes highly volatile then the market experiences more of bull than bear as the resistance against the bear market keep increasing during such period.

[DaNNy001]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

I don't know truly for certain how this particular theory about the price dropping before the bull run is but if it eventually plays out like the way you say it then that will truly be a perfect time to buy although I am planning to wait for that to happen but having that in mind is actually  not also a bad idea as I do buy Bitcoin on a daily basis.

[JayJuanGee]

DCAing is my best options, Always better buying in these times than in ATH territory tho. I bought the dip last night and going to buy some more tonight. I know it ain't that much but I can't miss these bargain basement prices. At times every time I buy it dips a lot more. What I am just learning is to just buy much smaller amounts that way I am not losing as much as I was before, am not really bothered tho because am holding for long

For sure it is not easy to strike a comfortable balance in between holding some cash for just in case the BTC price drops more and making sure that you buy a sufficient amount in order to be content with the price going up rather than down.  If the price goes up and then you start to panic and to buy some more, you likely did something wrong, but those kinds of things can end up happening to anyone, even those who might be buying regularly and buying on dips, and then if the price bounces 10% or even 40%, then they end up feeling a kind of dread/panic about not having had bought as much as they should have bought when the BTC prices were lower.

Sorry if it disturbs your discussion, lately I often hear how almost every time I meet my friends talk about investing in Bitcoin in the DCA way, I am curious and finally know the general description of DCA, which is to allocate a certain amount of money to invest regularly as you said. Does DCA here have to be supported by stable finances? for example, having a steady income from work which can later be used to invest more regularly.
I say that because my friend's discussion with his financial condition was clearly inappropriate. I mean, their income is unstable but investing the DCA way.
What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.

It seems to me that you are asking questions that have been answered various times in this thread, so it might be helpful to read through several of the posts in the past month or two, and if you need to refocus your question based on what you read, then come back with some more specific questions.

I am pretty sure that I had several times attempted to address the essence of the stable versus unstable finances in terms of DCA should be based on discretionary (meaning extra) money that you have available after you account for your various expenses, including your emergency expenses.

A person who has more unstable income and or expenses then has more difficulties DCA'ing , but they are still able to DCA so long as they make sure that they create a sufficient of enough reserve or cushion.  I gave some specific examples  in some recent posts that I made in this thread regarding and so it likely would be good to read back through them, but if there is a range of expenses that you have which might be between $800 to $1k per month, but your income varies between $400 and $2.5k per month with many of the months being around $1,200-$1,400, you likely need to keep at least enough reserves to cover the difference between the bare minimum that might come in and whatever are going to be your expenses, and sure some expenses can be deferred, too. 

Maybe a person in this here example that I just gave should try to keep at least $3,600 in his/her reserves prior to investing.  Since the difference between the minimum amount that s/he might make and the top of the expenses is $1k, so $3,600 would be enough to cover $6months worth of low income and high expenses.  If such person has not sufficiently created an adequate enough cashflow reserve, then DCA investing would be risky.. and maybe if s/he aspires to get to $100 per week investing into bitcoin, but if the reserves are not high enough and they are being buit, maybe such person ONLY invests $10 per week while the reserve is being built to a sufficiently high enough level that would be practical, and maybe the person believes that $1,800 rather than $3,600 is enough of a reserve, and that they are not gambling, and so that is their choice regarding how many chances they believe that they are able to get away with taking while still attempting to be somewhat prudent with their finance and trying to invest into BTC at the same time.

[edited out]

.
Life of a crypto man has always been of regrets

Fuck Crypto.. We are not talking about crypto in this thread.

If you were trying talk about something related to bitcoin, then why didn't you use the word bitcoin?  what does crypto have to do with this? unless you may well be confused about how to use language properly in a way that is sufficiently clear and not ambiguous?  Just because you heard smart people use that dumb word does not mean that you should use it without specifying what you are talking about, exactly.

[Roseline492]

The Bitcoin market is so volatile that it is impossible to predict when the market will turn. An hour ago, the Bitcoin market was below 26,000, but within an hour, the market has moved closer to $27,700. If someone invests (BUY DIP) at 25900 and holds for some time, his profit will be $1700 per bitcoin. Then our main slogan will be BUY DIP & HODL.

[img 
height=200 widthh=200]https://www.talkimg.com/images/2023/08/29/Mprt9.jpeg[/img]

Wow that's quite a move but although is an opportunity for those shorts holders,  but the best is just to buy dip and hold, because just as Bitcoin moves from $26k to $27, 700k within an hour, is going to be small compare to the movement when Bitcoin will start bullish so this is actually a call to buy while is still dip and accumulate as many as you can so that when the Bitcoin whistle will blow you be among that will follow to the moon.

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Until the halving take place that's when Bitcoin movement will be certain if is up or down, even most investors are quite skeptical about the dip, so they are with the believe that Bitcoin will drop more than it current price during the halving.

One of the things I noticed about halving is that during when the time start getting closer to the halving the Bitcoin price maintain an upward consolidation and after the halving it triggers to massive upswing, we can see that Bitcoin price has been consolidating between $25k, $26k to $27k ranging to trigger after halving.

[YUriy1991]

Until the halving take place that's when Bitcoin movement will be certain if is up or down, even most investors are quite skeptical about the dip, so they are with the believe that Bitcoin will drop more than it current price during the halving.

One of the things I noticed about halving is that during when the time start getting closer to the halving the Bitcoin price maintain an upward consolidation and after the halving it triggers to massive upswing, we can see that Bitcoin price has been consolidating between $25k, $26k to $27k ranging to trigger after halving.

It's just a process and it's definitely for preparation so that it's safe and not affected by a lot of analysis which in the end gets confused due to most of the suggestions, it's better if we focus on accumulating BTC, currently many people already understand the methods also simple methods. If we read and browse on the internet, the DCA method is highly recommended, that's almost the average I found. Yes. DCA is a real suggestion and will work if implemented by accumulating BTC until today.

[Dimitri94]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

Another thing to know about bullrun is that it does not occur in a one way direction like that, it might have pump up far enough and still begin to dump and continue with both process for a while before it suddenly pumps again very high, what makes it noticeable is the fact that in such period, the market becomes highly volatile then the market experiences more of bull than bear as the resistance against the bear market keep increasing during such period.

If we don't drown in this bear and bull we can focus on holding bitcoin. Then we will be relatively safe in any case. An investor needs to hold Bitcoin because we know that there are more than a thousand people in the crypto market who invest heavily in crypto. We can consider them as whales. And all these whales together control about 40 percent of the world's bitcoins. Since a large portion of Bitcoin is under their control, the market can be manipulated at any time. And to be free from such situation, the importance of long term holding is immense. Crypto market we know is risky platform but for those who buy bitcoin and hold long term it can be said to be risk free profitable investment.

[Patrol69]

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

[JayJuanGee]

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

[Roseline492]

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

Investment less than 4 years is not a long time hold, not even up to a full circle which is 4 years, but people have different perspective of long time hold pending on there accumulating plans, for some persons there long time hold could just be 2 or 3 years holding while others believe long time hold is from 5 to 10 years but it all depends on the holders.

Jay, just like you said whatever thing anyone wish to do provided is working for them, because whatever interpretation they have on long time holding provided that they are meeting there target which is the most important even though the reason of this thread is for buying the dip and hold but at last everything boiled down to profit which is the major goal or the reason of accumulating.

[fzkto]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

I don't know truly for certain how this particular theory about the price dropping before the bull run is but if it eventually plays out like the way you say it then that will truly be a perfect time to buy although I am planning to wait for that to happen but having that in mind is actually  not also a bad idea as I do buy Bitcoin on a daily basis.

Of course the fall usually happens when it's not expected. And it is good that you have the opportunity to buy bitcoins more often, it will definitely bring you profit in the future. But I think you should always have some money to be able to buy more coins because of a collapse. It doesn't happen often, but if you are able to take advantage of it, you will have better luck.

[Roseline492]

I was so excited seing that the market moved towards $28,100 few hours ago before it return back to $27,400 where it is currently as at this moment, this is an indication that very soon we should be expecting more of the market pump than others had predicted for more bear, this is not just the beginning, it's only a preparation for the expected bullrun to take place and we are going to have the massive ones coming sooner, if you're not investing then it's still an opportunity to buy and hold because very soon the price will begin to rally round about $30,000 to $40,000 and so on we keep moving gradually.

Sooner or later we will be in the bullrun we have been waiting for, and patience to hold is key and not to forget we (especially me) will continue to accumulate bitcoins in my portfolio when the opportunity arises.
This will be good news for bitcoin holders, and perhaps those who didn't take the opportunity will regret it. But it's not too late to make a purchase (for those who haven't held at all), yes even though it may not get a lower price than today.
The truth is that many of us have always said "take a chance" and indeed some people are still hesitant to do so.

One should not forget that before a bull run, panic often sets in and the price may indeed drop low. This was the case in 2018 and 2020. It must have been like that last year when the price was at the previous bottom of 15k. Maybe before or after the halving this will happen too. Need to be prepared to buy during panic.

I don't know truly for certain how this particular theory about the price dropping before the bull run is but if it eventually plays out like the way you say it then that will truly be a perfect time to buy although I am planning to wait for that to happen but having that in mind is actually  not also a bad idea as I do buy Bitcoin on a daily basis.

Of course the fall usually happens when it's not expected. And it is good that you have the opportunity to buy bitcoins more often, it will definitely bring you profit in the future. But I think you should always have some money to be able to buy more coins because of a collapse. It doesn't happen often, but if you are able to take advantage of it, you will have better luck.

Off cause nobody knows about Bitcoin price movement if will actually drops more than this but from the little I read about Bitcoin price movement when is a bit closer to the halving is that the price normally consolidate on some certain zone between A, B or C, so bringing it to the Bitcoin price movement now is just ranging within some certain price but not actually on a dip trend or uptrend, from my own view the market will not go dipper than the way it was.

So now is actually the right time to accumulate as many Bitcoin you can get because when it spike it moves massively heading to break the all-time high, so is good to have some amounts of Bitcoin on your portfolio before then.

[Aanuoluwatofunmi]

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

We have to identify some things clear from this discussion, some hold on many reasons which we can see part of them as for an investment asset to retain and maintain it value over a period of time, some to increase their holding capacity by making profits from it over time, lastly some prefer to hold in bitcoin because they realized the challenges with the fiat economy whereby inflation decrease the financial value of what they have and sees bitcoin as the perfect alternative, which means in whatsoever reason we decided to hold bitcoin over time, we should know the risk involved as JayJuanGee has highlighted, we are investing or holding base on our personal research and information we have about bitcoin investment and not because others are doing so, because along the way you could discover some challenges that may warrant you releasing anything you're holding onto, just as we have with this period on bear market.

[DoverDoane]

Just a note for you, the idea behind DCA aims to educate investors to have disciplined habits in order to achieve bigger goals in the future. Hopefully this can help and strengthen your determination in investing, the pros and cons of the explanation above, please only take the positive side. I, you, and everyone are still learning so don't be shy to ask questions and keep reading more from reliable sources about investing so you don't lose money by mistake.

Thank you for your input and I am now more confident in making decisions and the risks have also been carefully considered.

It seems to me that you are asking questions that have been answered various times in this thread, so it might be helpful to read through several of the posts in the past month or two, and if you need to refocus your question based on what you read, then come back with some more specific questions.

I am pretty sure that I had several times attempted to address the essence of the stable versus unstable finances in terms of DCA should be based on discretionary (meaning extra) money that you have available after you account for your various expenses, including your emergency expenses.

A person who has more unstable income and or expenses then has more difficulties DCA'ing , but they are still able to DCA so long as they make sure that they create a sufficient of enough reserve or cushion.  I gave some specific examples  in some recent posts that I made in this thread regarding and so it likely would be good to read back through them, but if there is a range of expenses that you have which might be between $800 to $1k per month, but your income varies between $400 and $2.5k per month with many of the months being around $1,200-$1,400, you likely need to keep at least enough reserves to cover the difference between the bare minimum that might come in and whatever are going to be your expenses, and sure some expenses can be deferred, too.  

Maybe a person in this here example that I just gave should try to keep at least $3,600 in his/her reserves prior to investing.  Since the difference between the minimum amount that s/he might make and the top of the expenses is $1k, so $3,600 would be enough to cover $6months worth of low income and high expenses.  If such person has not sufficiently created an adequate enough cashflow reserve, then DCA investing would be risky.. and maybe if s/he aspires to get to $100 per week investing into bitcoin, but if the reserves are not high enough and they are being buit, maybe such person ONLY invests $10 per week while the reserve is being built to a sufficiently high enough level that would be practical, and maybe the person believes that $1,800 rather than $3,600 is enough of a reserve, and that they are not gambling, and so that is their choice regarding how many chances they believe that they are able to get away with taking while still attempting to be somewhat prudent with their finance and trying to invest into BTC at the same time.

Sorry for the inconvenience I've caused for asking a question that has already been discussed many times. In the future I will try to read more. Thank you for the input you provided. Maybe there are many things that I can pick up plus points and have more confidence to invest in Bitcoin on a regular basis.

[Frankolala]

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

Investment less than 4 years is not a long time hold, not even up to a full circle which is 4 years, but people have different perspective of long time hold pending on there accumulating plans, for some persons there long time hold could just be 2 or 3 years holding while others believe long time hold is from 5 to 10 years but it all depends on the holders.

Jay, just like you said whatever thing anyone wish to do provided is working for them, because whatever interpretation they have on long time holding provided that they are meeting there target which is the most important even though the reason of this thread is for buying the dip and hold but at last everything boiled down to profit which is the major goal or the reason of accumulating.

What I understand from experience is that someone who is new into bitcoin investment will say that he is holding for long term when he plans to hold for 1-2yrs. Another thing that I see about newbies is that because they are new in the market,they are eager to sell and make profits when bitcoin reaches their price target and they will think that it is the best way to make profit. Such people in this category because of this mindset of others,if bitcoin price didn't pump as they planned it but went in reverse direction,they would be able to continue holding for long and they will quick sell of because of panic and they didn't plan holding for a full circle. The fact remains that the longer you hodli and DCA on your bitcoin investment portfolio,the profit increases respectively with the number of circles.

On the other hand some new investors that just started their Bitcoin journey might tend to hold for two years due to their decisions on their target number of bitcoin but as time passes by and they have reached the given time,they might decide to further their accumulating time and number of bitcoin to a longer time. What I mean is that if one plans to accumulate 1BTC for 2yrs and getting to 2yrs,he decided to increase his BTC to 2BTC because his believe in Bitcoin have increased and also financial income,and continues with DCA for another two years and so on. But if you only accumulate for 2yrs and sell off and think that you have invested for a long term,you are wrong because you don't get it. You must complete a circle which is four years for you to have good experience of the market,so that you can take advantage of it in the next circle to accumulate more bitcoin. A time is coming that those investors that are use to a very long term investment,like 10-15yrs up will be the most wealthiest people because they took advantage of hodling alone.

[YUriy1991]

What do you think the ideal DCA looks like? I really need advice because I have been studying Bitcoin for a long time, my income is quite stable for now. It would be very profitable if this financial allocation was invested in Bitcoin. As long as I know the risks, I believe Bitcoin will be useful in the future and institutional adoption is also currently increasing. As someone who is interested in investment strategies, you definitely need the right method.

and you can also tell your friends that currently many mass media are also discussing this matter. Yes, the DCA method is one of the techniques for investing with Bitcoin and one of them is Forbes source: https://www.forbes.com/sites/digital-assets/2023/08/30/time-to-start-dollar-cost-averaging-bitcoin/?sh=19e97b853a90 and I think the explanation from @naira and other friends is very helpful in understanding how the technique works.

[JayJuanGee]

[edited out]

Investment less than 4 years is not a long time hold, not even up to a full circle which is 4 years, but people have different perspective of long time hold pending on there accumulating plans, for some persons there long time hold could just be 2 or 3 years holding while others believe long time hold is from 5 to 10 years but it all depends on the holders.

Even though maybe we are arguing semantics, I would not consider there to be different perspectives of what is "long time" but instead there are people who are in different place in terms of their own circumstances that affect how they think about buying bitcoin.. and even though people can do whatever they want, frequently when i talk to people, whether in this thread, or in other places (or even in the real world), I suggest that bitcoin "is best" thought about as a long term investment.. so I am attempting to create a certain framework regarding how to think about bitcoin in a healthy way, and they are free to disagree or do whatever the fuck they like... but it still does not mean that their perspective is likely to be equally correct when they fuck around with trading and other kinds of gambling bullshit with a pristine asset like bitcoin in which it is quite likely that the long term lucrative approach to bitcoin is likely buy, accumulate and hold..rather than fucking around and proclaiming "my perspective is different" blah blah blah.

And, yeah, people are free to do what they like.

And, yeah, many people are not quite ready for bitcoin because they don't know shit about it, even if they might think that they know because they heard the name bitcoin or that they heard some disinformation that they believe to be true.

Part of the purpose of sharing information, perspective and framework for people is to help them to potentially benefit from someone who has spent thousands of hours studying bitcoin rather than their coming to their own nonsense without hardly even thinking about the matter beyond throwing a dart at the board.

Don't get me wrong.. sometimes shorter term perspectives an end up paying off quite stupendously and even allow someone to profit stupendously by some ways of luck or timing in terms of being new to bitcoin in early 2020, and then for example buying $50k worth of bitcoin around the 2020 covid dip (let's say 10 BTC for $5k each), and then maybe considering early 2021 as a bubble selling at $60k and then buying back at $30k and then maybe selling again at $60k and buying back at $18k.. but I have my doubts that anyone would really be able to time very many of those kinds of moves.. so those tend to be lucky rather than the right approaches, even though some times people might generally be able to get in and out at right around the right times but maybe not exactly for the right reasons beyond their saying that they have "intuitions."

Jay, just like you said whatever thing anyone wish to do provided is working for them, because whatever interpretation they have on long time holding provided that they are meeting there target which is the most important even though the reason of this thread is for buying the dip and hold but at last everything boiled down to profit which is the major goal or the reason of accumulating.

I doubt it.

This is not a thread about "no matter what you do is good as long as "profits"".. so you may well be in the wrong thread.

There is a framework in this thread that has to do with long-term accumulation, so even if you say that the thread is motivated by profits, that does not mean that everything becomes fair merely because there are other ways to make profits.

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time."  You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle.  Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time.  Remember a cycle is 4 years.. so are you holding more than a cycle?  It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

We have to identify some things clear from this discussion, some hold on many reasons which we can see part of them as for an investment asset to retain and maintain it value over a period of time, some to increase their holding capacity by making profits from it over time, lastly some prefer to hold in bitcoin because they realized the challenges with the fiat economy whereby inflation decrease the financial value of what they have and sees bitcoin as the perfect alternative, which means in whatsoever reason we decided to hold bitcoin over time, we should know the risk involved as JayJuanGee has highlighted, we are investing or holding base on our personal research and information we have about bitcoin investment and not because others are doing so, because along the way you could discover some challenges that may warrant you releasing anything you're holding onto, just as we have with this period on bear market.

Yeah, but it seems that I was motivated to respond to Patrol69 in the first place because he seemed to have been perverting and convoluting ideas since he was saying long term, but he is really aiming for $100k and he is willing to wait.. which does not really mean the same thing to me, even though sure, he can do whatever he wants... I just thought that it was confusing the way that he framed the matter of time versus seeming to have a price target.

Maybe there are many things that I can pick up plus points and have more confidence to invest in Bitcoin on a regular basis.

Of course that is up to you in terms of how much priority to give towards learning, and sometimes just getting started with small amounts will give you some incentive to spend more time learning.  That is one of the advantages of DCA in terms of setting a small amount, and then perhaps learning along the way (including figuring out your own financial and psychological circumstances) prior to making tweaks to how you might later decide to approach the BTC investment that you had already started with some level of DCA, even if it might be starting with ONLY $10 per week rather than a more aggressive amount such as $100 per week...and yeah of course, some people could not even afford $100 per week so these kinds of number suggestions need to be adjusted for where someone might be at in the world and/or where they might be at with their own budget and/or psychological situation.