Buy the DIP, and HODL!

[Odohu]

Your cautious yet optimistic stance regarding possibility of significant increase in Bitcoin price is quite understandable. As an informed and experienced Bitcoin investor you are well aware of  that predicting future price of Bitcoin is very challenging task. Various factors, such as regulatory developments, general state of global economy and prevailing monetary policies, can impact all risky assets including Bitcoin.

If you treat Bitcoin like a treasure worth holding, your mindset will significantly change. First, you will be more focused on accumulating more of it rather than bothering about the price. Indeed, it is very emotionally draining to be worried about Bitcoin price. From personal experience, one tend to look more on the price of Bitcoin when one is so curious about quick profits and not long term HODL. On the other hand, having a futuristic mindset with Bitcoin will eliminate this burden of looking at price always because the focus will be on how to accumulate certain quantity of Bitcoin by a certain year. This is where DCA comes in and am happy a lot of people are already applying same thereby eliminating some of the psychological burden that comes with buying Bitcoin without a well-thought out plan.

Nevertheless, we can reasonably anticipate that there are favourable odds for significant price appreciation in 2024, which marks the year of Bitcoin's halving event.

The best we can do at best is to expect as it is up to the market to decide. As a believer in Bitcoin, one must have some level of faith that someday, the price will go up even though we done know when and how. Another thing is also to look at history data and correlate same with previous events and the outcome in the price. This is where the halving comes in. So, I agree with you that the halving next year necessitate optimistic anticipation of rise in price.

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[Popkon6]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

[JayJuanGee]

Your cautious yet optimistic stance regarding possibility of significant increase in Bitcoin price is quite understandable. As an informed and experienced Bitcoin investor you are well aware of  that predicting future price of Bitcoin is very challenging task. Various factors, such as regulatory developments, general state of global economy and prevailing monetary policies, can impact all risky assets including Bitcoin.

If you treat Bitcoin like a treasure worth holding, your mindset will significantly change. First, you will be more focused on accumulating more of it rather than bothering about the price. Indeed, it is very emotionally draining to be worried about Bitcoin price. From personal experience, one tend to look more on the price of Bitcoin when one is so curious about quick profits and not long term HODL. On the other hand, having a futuristic mindset with Bitcoin will eliminate this burden of looking at price always because the focus will be on how to accumulate certain quantity of Bitcoin by a certain year. This is where DCA comes in and am happy a lot of people are already applying same thereby eliminating some of the psychological burden that comes with buying Bitcoin without a well-thought out plan.

Nevertheless, we can reasonably anticipate that there are favourable odds for significant price appreciation in 2024, which marks the year of Bitcoin's halving event.

The best we can do at best is to expect as it is up to the market to decide. As a believer in Bitcoin, one must have some level of faith that someday, the price will go up even though we done know when and how. Another thing is also to look at history data and correlate same with previous events and the outcome in the price. This is where the halving comes in. So, I agree with you that the halving next year necessitate optimistic anticipation of rise in price.

Personally, I don't have any problem with the idea of ongoingly looking at the BTC price and the value of your overall BTC holdings as compared to fiat, and even part of the sentiment of this thread involves considering the extent to which there might be some value in terms of trying to time dips versus just buying BTC regularly without much if any reference to the price, and I have difficulties considering that both might not be done and/or accomplished without necessarily devolving into trading practices and/or panicking based on BTC price moves.

I recall that my first year and a half or so and maybe more I would manually make my BTC buys, and once I started to use automatic buys that were based on hitting the buy price (also known as limited buy orders), then that became easier to accomplish both manual buys and automatic buys that were based on certain price points... and maybe even less often having to use BTC price alarms in order to trigger me to make sure that I manually buy when the BTC price goes to a certain threshold of my interest.

In 2015, there were even several times in which I looked at my BTC holdings, and I would see that my average cost per BTC would have been something like $580; however, if the BTC price was then in the mid $200s or even lower, I would consider that whatever amount of bitcoin that I bought would be less than half the price of the average cost of my overall BTC holdings, and I would consider that each purchase that I made would bring down my average cost per BTC.. and it took almost the whole of 2015 to bring my average cost per BTC down from $580 and down to around $500 per BTC.. and so then by the end of October / beginning of November 2015, when the BTC price went shooting up from $300-ish to $500-ish, I almost started to panic (well I did end up panic buying at around $500 - so embarrassing) because the BTC price was going to end up being higher than my average cost per BTC, so there was a kind of good feeling that came from buying BTC and bringing down my average cost per BTC with each BTC purchase.

[ginsan]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

[rachael9385]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

@ginsan exactly, you are absolutely right. When someone hits the buy button, that's the right time and also. But a person has become an investor, but I want to add something to that also, when the person hits the buy button and it shows SUCCESSFUL that's the right time and nothing can stop the person from profiting unless his own self. Now I can imagine myself how I was feeling when I didn't hit the buy button then. It was like OH WHEN IS THE RIGHT TIME, and it was troubling me as of them, but now I am a free-minded person because I don't always go to my wallet to check prices. Yes, it is not a good start for someone who doesn't have a lot of money in his account to start an investment, because if the person runs out of cash and has no way to get money, the person might end up selling his coins.
On second thoughts, people who don't invest with bigger capital should hold for long so they can profit bigger.

[Nwada001]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

Every time will appear to be the perfect time for every accumulator, as they don't have to always look at Bitcoin bearish times before they can accumulate; rather, they set out an already working strategy that they can use and that will appear safe in every given market situation. They always have a set amount of capital to purchase more and add to their holdings, as what's most important is the amount they want to hold before a certain period of time and not the price they want to buy it at before that time reaches.
 
Just like you said, long-time holders don't have anything to worry about when it comes to price, as the price won't have any effect on time. Even if their portfolio happens to drop a little in total worth, it does not change the fact that they foresaw beyond the recent market price, but they are focused on what will come afterwards.

[Wind_FURY]

Your cautious yet optimistic stance regarding possibility of significant increase in Bitcoin price is quite understandable. As an informed and experienced Bitcoin investor you are well aware of  that predicting future price of Bitcoin is very challenging task. Various factors, such as regulatory developments, general state of global economy and prevailing monetary policies, can impact all risky assets including Bitcoin.

If you treat Bitcoin like a treasure worth holding, your mindset will significantly change. First, you will be more focused on accumulating more of it rather than bothering about the price. Indeed, it is very emotionally draining to be worried about Bitcoin price. From personal experience, one tend to look more on the price of Bitcoin when one is so curious about quick profits and not long term HODL. On the other hand, having a futuristic mindset with Bitcoin will eliminate this burden of looking at price always because the focus will be on how to accumulate certain quantity of Bitcoin by a certain year. This is where DCA comes in and am happy a lot of people are already applying same thereby eliminating some of the psychological burden that comes with buying Bitcoin without a well-thought out plan.

Nevertheless, we can reasonably anticipate that there are favourable odds for significant price appreciation in 2024, which marks the year of Bitcoin's halving event.

The best we can do at best is to expect as it is up to the market to decide. As a believer in Bitcoin, one must have some level of faith that someday, the price will go up even though we done know when and how. Another thing is also to look at history data and correlate same with previous events and the outcome in the price. This is where the halving comes in. So, I agree with you that the halving next year necessitate optimistic anticipation of rise in price.

Personally, I don't have any problem with the idea of ongoingly looking at the BTC price and the value of your overall BTC holdings as compared to fiat, and even part of the sentiment of this thread involves considering the extent to which there might be some value in terms of trying to time dips versus just buying BTC regularly without much if any reference to the price, and I have difficulties considering that both might not be done and/or accomplished without necessarily devolving into trading practices and/or panicking based on BTC price moves.

Of course there is. I never understood why you never accepted a simple idea that to buy Bitcoin at a discount gives the buyer more sats for the bid that he/she made.

But in a zoomed out, low time preference context, it doesn't matter. We're here to HODL and front-run the billionaires, and in that at least we're on the same side.

[Juse14]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

I agree that we don't need to buy aggressively because it will give rise to some other impulses that disturb the mind from the heart that is afraid of losing when the market fluctuates lower than the buying price, it would be a bad decision if forced, not because of bitcoin today This has a cheap price and means taking stupid actions without calculation, unless the funds used are for long-term investment funds, and you have no problems meeting your daily needs.
But if you think about it again, this kind of thing is not a good thing, still the DCA strategy is the best, even if you use small funds to invest in Bitcoin, the longer it takes, the more it will accumulate.

[Dr.Bitcoin_Strange]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

Yeah, you are correct, because definitely, for some newbie investors, it can be very difficult to decide whether to buy or not, even when the price is bearish. They will still be contemplating whether they should hold on and watch to see if the price will still fall. So, it's just wise for one to have a set amount (allocation) that they should invest in Bitcoin on the DCA strategy. Although small investors who don't have a large amount to invest would be the ones that really face this kind of secumbtance (I guess), because they have a small amount to invest, they want to make sure that they are buying Bitcoin at a very low price. Most of those rich investors or institutions that have enough fiat reserved just for Bitcoin investment would not really hesitate to hit the buy button any time they see that the price of Bitcoin is bearish.

[HONDACD125]

Every time will appear to be the perfect time for every accumulator, as they don't have to always look at Bitcoin bearish times before they can accumulate; rather, they set out an already working strategy that they can use and that will appear safe in every given market situation. They always have a set amount of capital to purchase more and add to their holdings, as what's most important is the amount they want to hold before a certain period of time and not the price they want to buy it at before that time reaches.
 
Just like you said, long-time holders don't have anything to worry about when it comes to price, as the price won't have any effect on time. Even if their portfolio happens to drop a little in total worth, it does not change the fact that they foresaw beyond the recent market price, but they are focused on what will come afterwards.

I think long term investment is the best investment to get good returns but the aim is never to start buying without thinking about the price. Of course, accumulating Bitcoin is a great strategy, but you should wait for the price of Bitcoin to drop from time to time. However, even if one has a large capital, he will try to buy at the lowest price and sell at the highest price so as to get more profit.

I think nobody's goal in accumulating Bitcoin is to accumulate more Bitcoin, but everyone's goal is to get maximum profit, and this is only possible when You get an opportunity to buy in a bearish market. One should never buy into the crypto currency market with full capital at once. Rather, one should try to buy Bitcoin at a lower price whenever the market falls. DCA is the best strategy to get good returns.

[bitzizzix]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

Yeah, you are correct, because definitely, for some newbie investors, it can be very difficult to decide whether to buy or not, even when the price is bearish. They will still be contemplating whether they should hold on and watch to see if the price will still fall. So, it's just wise for one to have a set amount (allocation) that they should invest in Bitcoin on the DCA strategy. Although small investors who don't have a large amount to invest would be the ones that really face this kind of secumbtance (I guess), because they have a small amount to invest, they want to make sure that they are buying Bitcoin at a very low price. Most of those rich investors or institutions that have enough fiat reserved just for Bitcoin investment would not really hesitate to hit the buy button any time they see that the price of Bitcoin is bearish.

Of course dollar cost averaging (DCA) is an ideal financial strategy for investing in highly volatile assets like Bitcoin. And with this we are not trying to guess the direction of the market in the short term, because this aims for the long term so that we can sell at the right time with maximum profit.
And the DCA strategy is great for anyone regardless of whether it's a big investor or a small investor and whatever, and small investors can do within their means even a small amount to buy Bitcoins periodically. And if you do it regularly then your Bitcoin holding will be large and don't forget to always increase your purchases when the price is down. Because this is a good opportunity to buy Bitcoin in large quantities, and also return to normal when the price of Bitcoin starts to rise.
We cannot fight or equate large investors with small investors, the important thing is that we can apply the DCA strategy with full discipline to achieve satisfactory profits in the future and the only difference is the amount. And small investors can also become big investors if they make big profits and continue to implement DCA habits by increasing their purchasing levels periodically.

[JayJuanGee]

Your cautious yet optimistic stance regarding possibility of significant increase in Bitcoin price is quite understandable. As an informed and experienced Bitcoin investor you are well aware of  that predicting future price of Bitcoin is very challenging task. Various factors, such as regulatory developments, general state of global economy and prevailing monetary policies, can impact all risky assets including Bitcoin.

If you treat Bitcoin like a treasure worth holding, your mindset will significantly change. First, you will be more focused on accumulating more of it rather than bothering about the price. Indeed, it is very emotionally draining to be worried about Bitcoin price. From personal experience, one tend to look more on the price of Bitcoin when one is so curious about quick profits and not long term HODL. On the other hand, having a futuristic mindset with Bitcoin will eliminate this burden of looking at price always because the focus will be on how to accumulate certain quantity of Bitcoin by a certain year. This is where DCA comes in and am happy a lot of people are already applying same thereby eliminating some of the psychological burden that comes with buying Bitcoin without a well-thought out plan.

Nevertheless, we can reasonably anticipate that there are favourable odds for significant price appreciation in 2024, which marks the year of Bitcoin's halving event.

The best we can do at best is to expect as it is up to the market to decide. As a believer in Bitcoin, one must have some level of faith that someday, the price will go up even though we done know when and how. Another thing is also to look at history data and correlate same with previous events and the outcome in the price. This is where the halving comes in. So, I agree with you that the halving next year necessitate optimistic anticipation of rise in price.

Personally, I don't have any problem with the idea of ongoingly looking at the BTC price and the value of your overall BTC holdings as compared to fiat, and even part of the sentiment of this thread involves considering the extent to which there might be some value in terms of trying to time dips versus just buying BTC regularly without much if any reference to the price, and I have difficulties considering that both might not be done and/or accomplished without necessarily devolving into trading practices and/or panicking based on BTC price moves.

Of course there is. I never understood why you never accepted a simple idea that to buy Bitcoin at a discount gives the buyer more sats for the bid that he/she made.

Yeah.. your head is like a concrete block that is not penetrable.

It seems that I have explained a million different ways, and nothing seems to sink in because you already have your mind made up regarding what strategy you are going to employ and your inability to understand and appreciate that a newbie coming into bitcoin is likely going to be way the fuck better off just getting started rather than trying to figure out if a BTC price dip is coming or not... and once s/he has accumulated a certain amount of BTC and learned about BTC for a while, then maybe s/he will be in a better position to either change his/her strategy to supplement with buying on dips, rather than DCA or to completely replace the DCA strategy with some buying on dips kind of a practice.. that still may or may not be a form of DCA, depending upon how it is deployed..

But in a zoomed out, low time preference context, it doesn't matter.

It might matter in the context of someone waiting around for a Dip might end up fucking himself (or psyching himself) out of buying bitcoin on a regular basis and perhaps employing more aggressive ongoing BTC buying habits.. so maybe the whimpy guy ends up strategizing and not really buying as much as the guy who just buys regularly and perhaps supplements a bit more from time to time with extra purchases on dips.  Do you need some examples, or do you just want to act like the ONLY way to go is to buy on dips based on your retroactively looking at the BTC price moves and the figuring out the points at which some hypothetical person would have bought his/her BTC?

We're here to HODL and front-run the billionaires, and in that at least we're on the same side.

That seems to be true... and there are likely still at least another 10 years of front-running billionaires, even though some of them are seeming to start to "get it."... even though it is hard to know which ones of them are actually getting it rather than seeming to get it but not really getting it.   

Although small investors who don't have a large amount to invest would be the ones that really face this kind of secumbtance (I guess), because they have a small amount to invest, they want to make sure that they are buying Bitcoin at a very low price. Most of those rich investors or institutions that have enough fiat reserved just for Bitcoin investment would not really hesitate to hit the buy button any time they see that the price of Bitcoin is bearish.

Even though I agree that there is a considerable amount of freedom that comes from having greater levels of discretionary income, I do not really agree with the dichotomy that you seem to be creating (and Wind_FURY seems to frequently make a similar kind of dichotomy), and even though poor people do not have much to work with (when it comes to their discretionary income), they still may well have reasons to be more motivated to buy bitcoin because they may well not have very many other options, as compared with the options that are available to rich people and may end up distracting rich people from being able to see, recognize and appreciate the value of bitcoin.

Every time will appear to be the perfect time for every accumulator, as they don't have to always look at Bitcoin bearish times before they can accumulate; rather, they set out an already working strategy that they can use and that will appear safe in every given market situation. They always have a set amount of capital to purchase more and add to their holdings, as what's most important is the amount they want to hold before a certain period of time and not the price they want to buy it at before that time reaches.
 
Just like you said, long-time holders don't have anything to worry about when it comes to price, as the price won't have any effect on time. Even if their portfolio happens to drop a little in total worth, it does not change the fact that they foresaw beyond the recent market price, but they are focused on what will come afterwards.

I think long term investment is the best investment to get good returns but the aim is never to start buying without thinking about the price. Of course, accumulating Bitcoin is a great strategy, but you should wait for the price of Bitcoin to drop from time to time. However, even if one has a large capital, he will try to buy at the lowest price and sell at the highest price so as to get more profit.

I think nobody's goal in accumulating Bitcoin is to accumulate more Bitcoin, but everyone's goal is to get maximum profit, and this is only possible when You get an opportunity to buy in a bearish market. One should never buy into the crypto currency market with full capital at once. Rather, one should try to buy Bitcoin at a lower price whenever the market falls. DCA is the best strategy to get good returns.

You continue to sound a bit lost, HONDACD125... and unable to appreciate the value of holding bitcoin for the long term rather than contemplating when to sell.

And with this we are not trying to guess the direction of the market in the short term, because this aims for the long term so that we can sell at the right time with maximum profit.

I agree with everything that you said in your post bitzizzix except this part that seems to be emphasizing selling.

Sure there are likely going to be points in time that we are going to be selling portions of our BTC, but you seem to be implying that we are going to want to sell BTC and to hold something else or that we are really going to need or want to sell large portions of our BTC, absent just living off of the stack and largely just mostly continuing to hold the vast majority of what we have.

Maybe an example might be helpful? 

Let's say for example, a person got into bitcoin in 2015, and had a target of retiring in 2025, but not really sure how much BTC he was going to need.  so in mid 2015, he bought 100 BTC for around $30k, and then after that he just DCA'd $10 per week into BTC, and so he has an additional 2.5 BTC that he paid $4,280 over the past 8.5 years.

In 2025, he could just create a budget in which he just cashes out around 4% of his BTC stash every single year (or maybe 1% per quarter), and likely, he will be able to either live off of that forever or to use it to supplement whatever other income that he might have coming in, and maybe he might adjust how he sells his BTC based on the BTC price, but he would not necessarily have to tailor his cashing out (or living off of his stash) based on the price, he just cashes out 1% of his stash every quarter or whatever other kind of time frame that largely fits his formula (and maybe he will tweak his formula over time based on BTC potentially growing faster than he expected, but he might just decide to be strict about following the formula that he already established and just let the chips fall wherever they will)... which largely I am arguing that there may well not be any kind of need to cash out large portions of his BTC, unless maybe he might decide to cash out 10% and consider that to be 2.5 years worth of cashing out all in one go.

[bitLeap]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

I agree that we don't need to buy aggressively because it will give rise to some other impulses that disturb the mind from the heart that is afraid of losing when the market fluctuates lower than the buying price, it would be a bad decision if forced, not because of bitcoin today This has a cheap price and means taking stupid actions without calculation, unless the funds used are for long-term investment funds, and you have no problems meeting your daily needs.
But if you think about it again, this kind of thing is not a good thing, still the DCA strategy is the best, even if you use small funds to invest in Bitcoin, the longer it takes, the more it will accumulate.

I've said this many times that planning is something that should be thought of early on so as not to disrupt our investments later. And that planning must be done carefully and thoroughly including to fulfill our daily needs. We should not sacrifice something for our daily needs, because it is not wise to do so.
However, if we have thought about investing for the long term, we also have to think about everything in the long term as well, including something unexpected in our lives in the future that is financially difficult or other things that make us have to try hard to maintain our investment not to stop in the middle of the road.

[YUriy1991]

Of course there is. I never understood why you never accepted a simple idea that to buy Bitcoin at a discount gives the buyer more sats for the bid that he/she made.

But in a zoomed out, low time preference context, it doesn't matter. We're here to HODL and front-run the billionaires, and in that at least we're on the same side.

Yes. very simple your statement above with the intent and purpose to continue to collect BTC at a very discounted price as it is today and in line with the philosophy of holding (HODL) and being in it for the long term of course and certainly not a practice of buying when prices fall when corrections occur but with the DCA method it can be a win-win solution for buyers.

[Agbamoni]

If you treat Bitcoin like a treasure worth holding, your mindset will significantly change. First, you will be more focused on accumulating more of it rather than bothering about the price. Indeed, it is very emotionally draining to be worried about Bitcoin price. From personal experience, one tend to look more on the price of Bitcoin when one is so curious about quick profits and not long term HODL. O

Bitcoin will always be like the special money for the internet. I'm impressed by how people are investing in it, but it's important not to buy it just because everyone's talking about it or because some die-hard Bitcoin Maxist say it's the only way to go without a well thought plan. The truth is, Bitcoin's value could keep going up forever, or it could crash to nothing. So, I've spread out my Bitcoin investments across different wallets to make sure I won't lose everything if it goes downhill. I'm thinking long-term, like decades.

On the other hand, having a futuristic mindset with Bitcoin will eliminate this burden of looking at price always because the focus will be on how to accumulate certain quantity of Bitcoin by a certain year. This is where DCA comes in and am happy a lot of people are already applying same thereby eliminating some of the psychological burden that comes with buying Bitcoin without a well-thought out plan.

Here's the idea buddy, You hold onto your Bitcoin for as long as you can work and support yourself with your body. When you can't do that anymore, you use your Bitcoin savings to take care of yourself. That's why they say money is like energy. it's supposed to replace the energy your body can't give you when you're old. In the end, you'll have this digital asset that can't be taken away from you, and it won't lose its value because of one person.

What you choose to do with your Bitcoin is up to you. You can give it to your kids or spend it when you're older.

[Rabata]

Every investor's own thinking creates their own investment strategy. Every investor should have a reserve fund to make proper investments. But before deciding to invest it is important to have a proper plan to hold for the long term. The current Bitcoin market is bearish so now is definitely a good time to invest if the right plan is presented. This opportunity should not be missed to buy the most that the Bitcoin market has to offer for long-term holders.

In general everyone says as you said where the bearish moment is the right time to buy Bitcoin. But the right time to buy Bitcoin is when you hit the buy button and clear the worries in your mind. That's why purchasing moments don't have to be done aggressively if we don't have a lot of money because you can adjust each purchase level gradually by having Usdt reserves in your portfolio to accumulate Bitcoin in every downturn that occurs. Some big investors maybe they do every quarter so they won't be racing on short-term price declines because they implement long-term investments like some big investors do. But for those of us with small capital, maybe we do it every week with a small amount because we have to balance every turnover of money for living needs and also investing in Bitcoin.

I agree that we don't need to buy aggressively because it will give rise to some other impulses that disturb the mind from the heart that is afraid of losing when the market fluctuates lower than the buying price, it would be a bad decision if forced, not because of bitcoin today This has a cheap price and means taking stupid actions without calculation, unless the funds used are for long-term investment funds, and you have no problems meeting your daily needs.
But if you think about it again, this kind of thing is not a good thing, still the DCA strategy is the best, even if you use small funds to invest in Bitcoin, the longer it takes, the more it will accumulate.

When we aggressively buy bitcoins, we may have various concerns about the price of bitcoins. If Bitcoin falls during that time we may lose our spiritual speed we had. Not only the speed even if I need the money which I invested in bitcoin if the price reduce drastically at that moment definitely I have to loss. I would  be forced to sell the bitcoins and have to share the loss. So why do we walk on that road if we have directions to reach our desired goal without taking risks? Hence the DCA strategy is a golden opportunity for Bitcoin holders. Especially those who want to gift a secure financial environment to their next generation.

[JayJuanGee]

[edited out]

When we aggressively buy bitcoins, we may have various concerns about the price of bitcoins. If Bitcoin falls during that time we may lose our spiritual speed we had. Not only the speed even if I need the money which I invested in bitcoin if the price reduce drastically at that moment definitely I have to loss. I would  be forced to sell the bitcoins and have to share the loss.

There is nothing wrong with being aggressive and even over aggessive in terms of your buying bitcoin, but you should not be so aggressive and/or overly aggressive that at any time you would be forced to sell bitcoin at a loss or even when bitcoin is at down prices.  Your having to sell bitcoin at a loss is likely a sign that you had not properly planned and prepared, and the default, prior to even getting to selling would be to stop buying, and then the fall back on that would be to HODL. .until your cashflow sufficiently returns, which means funding whatever expenses that you had from other funding sources, and the fact that you are saying that you had to sell, means that you likely were not even in a position to buy as many BTC as you had bought and you did not have an adequate and sufficient emergency fund and other adequate and sufficient funds to draw from (including varying cashflows and/or debt).

So why do we walk on that road if we have directions to reach our desired goal without taking risks?

taking risks should not mean engaging in gambling tactics that involve potentially putting you in a position in which you are going to have to sell your bitcoin if the price drops lower than you had expected... that is not called risk management, but instead it is called dumb.

Hence the DCA strategy is a golden opportunity for Bitcoin holders. Especially those who want to gift a secure financial environment to their next generation.

Even a DCA strategy requires appropriate sizing in terms of being aggressive and even being overly aggressive, but not so aggressive that we end up having to sell at a loss rather than just holding to zero, if need be.

[Salahmu]

Here's the idea buddy, You hold onto your Bitcoin for as long as you can work and support yourself with your body. When you can't do that anymore, you use your Bitcoin savings to take care of yourself. That's why they say money is like energy. it's supposed to replace the energy your body can't give you when you're old. In the end, you'll have this digital asset that can't be taken away from you, and it won't lose its value because of one person.

What you choose to do with your Bitcoin is up to you. You can give it to your kids or spend it when you're older.

Sure mate your perspective about holding Bitcoin is actually nice, as a young man full of strength to work, it will be very wise having a strategy or rather a plan about how to channel your daily or monthly income on investment, lets take for instance your earning $300 weekly from your job, you could actually give yourself a target of accumulating $100 of Bitcoin on weekly basis focusing on this target before you reallealize, you have accumulated a good amount of Bitcoin, you can call it a lifetime investment because there would come a time when you cannot longer have the strength to work, the investment will then help you to take care of yourself.

Even though nobody knows what the future holds for Bitcoin weather is will drop to zero or skyrocket, one thing that always kept me smiling all the time is Bitcoin, the name alone gives me joy and in next life if there is something like that I will always choose Bitcoin because I have a strong believe on Bitcoin, just like I always said, in the time of myths and potential the growth of Cryptocurrencies depends on Bitcoin.

[Odohu]

Personally, I don't have any problem with the idea of ongoingly looking at the BTC price and the value of your overall BTC holdings as compared to fiat,

Inasmuch as I understand the good feeling of realizing that one is in net profit in his portfolio when compared to the fiat injected, there is no doubt that it is really a form of distraction/temptation for those with long term perspective. Some cases, when the profit is like  lets say x3, there is thought of breaking even that normally creep in and if not properly managed, there is a chance one might sell some of his holding unplanned and sometimes when one should rather be buying. So, to avoid a situation like this, it could e best one avoid looking at the price regularly... it can be twice or thrice per year or when there is a major event like ETF approval or so... then checking the market response is not out of place.

In 2015, there were even several times in which I looked at my BTC holdings, and I would see that my average cost per BTC would have been something like $580; however, if the BTC price was then in the mid $200s or even lower, I would consider that whatever amount of bitcoin that I bought would be less than half the price of the average cost of my overall BTC holdings, and I would consider that each purchase that I made would bring down my average cost per BTC.. and it took almost the whole of 2015 to bring my average cost per BTC down from $580 and down to around $500 per BTC.. and so then by the end of October / beginning of November 2015, when the BTC price went shooting up from $300-ish to $500-ish, I almost started to panic (well I did end up panic buying at around $500 - so embarrassing) because the BTC price was going to end up being higher than my average cost per BTC, so there was a kind of good feeling that came from buying BTC and bringing down my average cost per BTC with each BTC purchase.

This is somehow similar to what happened to me. The only difference being that my passion is just to own Bitcoin irrespective of the price. In other words, price do not really matter to me because I just want to own Bitcoin. To be frank, it will take a great deal of experience to resist the urge of looking at the price always. For someone who is relatively new to buying Bitcoin, there are high chances they might be frequently checking the price, calculating total investment and net investment to check which is higher. I think this is normal as only experience can remedy this. The journey of accumulating Bitcoin is truly a marathon and not a spring. It entail a lot of wonderful processes of growth and maturity.

[ShowOff]

Even though nobody knows what the future holds for Bitcoin weather is will drop to zero or skyrocket, one thing that always kept me smiling all the time is Bitcoin, the name alone gives me joy and in next life if there is something like that I will always choose Bitcoin because I have a strong believe on Bitcoin, just like I always said, in the time of myths and potential the growth of Cryptocurrencies depends on Bitcoin.

I think many people invest in bitcoin because they believe in the potential for long-term growth in value. Bitcoin has been used as a store of value by several large investors, whales and even some institutions, so it is only natural that the interest of people coming to bitcoin for the same purpose is growing day by day.

To be honest, a lot of people weren't happy about the plunging price of bitcoin after they invested. On average, you don't want to lose money as a result of falling prices, but of course there are several solutions that can still be done, including by simply buying and holding. It is the most strategic solution for the long term if they believe in bitcoin performance, but if you have a stable monthly income that exceeds your budget requirements then accumulation is also a good thing to consider.