Buy the DIP, and HODL!

[Greyhats]

This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm

[Agbamoni]

Well, the longer one stays in Bitcoin, the calmer one gets because times somehow make us understand the possibilities, potential and the future in Bitcoin. So I always advice everyone to give it time.

Your absolutely right buddy.  I'm actually enjoying the waiting time. It lets me make plans and gather more Bitcoin. Plus, I'm using this time to learn from contributions here, and I have to say, dealing with Bitcoin has made me a lot smarter than i was. So, my advice is to be patient. In a few years, you'll see some huge gains. I've been through several cycles in the Bitcoin world, and I can tell you that if you're patient, stay strong, and believe in it, you'll be handsomely rewarded.

You both have spoken well, now that it is believed that we are in the dip with the current market price, don't be surprised that this may not be the last we are going to have until we arrived at the bull season, whereas we may also finds it the least bear we may have before we begin to launch into the bull market as well, what now should be our main focus, we are to take every buying opportunity as an investment considering the all time high we ever had, where we are presently and the proposed future bull market coming soon, you could actually see that if one should invest and buy today is never a lost because we can keep expecting bear henceforth and be seing bull, which means the market is totally unpredictable.

The longer it takes for the next bull run, the more time you have to buy it cheap. So don't wait any longer, just rejoice in how cheap you are buying it now.

[Macoach]

I cannot completely deny or even avoid that well-planned things sometimes fail due to unexpected obstacles. Management is certainly necessary regardless of how much it is needed in the long term, I would also like to call it complex because management is not only about budget but also about risk management and psychological management.

The different financial strengths of one investor and another can differentiate their way and approach to investing. If I had $100 this month, then maybe I'd like a lump sum instead of DCA. But if I have $600 - $1000 then of course DCA is a good approach for me. It all depends on each person's finances, that will differentiate each other.

I appreciate your focus on managing risk when dealing with Bitcoin. Let me add to what you've mentioned. If you're an investor aiming to reduce your risk, you might want to consider Dollar-Cost Averaging (DCA). However, using this strategy means you're less likely to make really big profits but also less likely to incur losses. On the other hand, if you're looking for a higher potential to make substantial gains, you can opt for a lump sum investment.

If your goal is to slowly accumulate Bitcoin while minimizing risk, even if it means having a smaller amount of Bitcoin in the end, then DCA is a good option. For most regular individuals who want to gradually build their Bitcoin portfolio, DCA is a wise choice because it allows you to get a reasonable amount of Bitcoin based on your available investment funds. The choice is yours to make based on your financial goals and risk tolerance.

[YUriy1991]

[edited out]

OK, I respect your opinion, but you do you. Personally, I won't be buying ANY Bitcoin at the current price levels because due to the current macro-economic situation around the world, we could get another opportunity to buy Bitcoin with a big discount again and front-run everyone. Give it until March next year, but it could happen again before that. Probably by the end of this year?

My bids are on $20,000.
         ¯\_(ツ)_/¯

I am not even sure if I am just doing me because I am trying to suggest a kind of variance of bitcoin accumulation methods that would depend on the individual situation, and you seem to get so caught up on price predictions, that your technique seems to devolve into gambling if it were applied to everyone.. and yeah you have the luxury of having had been accumulating bitcoin since 2016, so you can wait and still be prepared for Up, while someone without any kind of meaningful BTC accumulation may well need to consider ongoing accumulating of bitcoin rather than waiting around for BTC prices that might not end up happening.. and that results in failure to invest as much as he should have had invested.

I cannot tell anyone when they start to have the luxury of being able to wait, and surely I have not really been employing any kind of strict DCA since early 2017, and maybe I even stopped in early 2016.. It sometimes can be difficult to figure out exactly what any  of us might be doing when we employ a variety of techniques and sometimes trying to figure out whether any new money is coming in or not... which surely I ended up feeling that I had to bring some new money in between about June 2022 and January 2023 based on the then BTC price dips that went way beyond expectations... so in that sense, I suppose that I am contradicting my own statements about not employing DCA since 2017, since I brought new money into my budget in between June 2022 and January 2023 and placed that value into buying on dip slots.. so that might not even be characterized as DCA since it was plugged into dip values even though it was new fiat coming in to support the then shortages of fiat in my bitcoin investment portfolio.

[edited out]

DCA is good for those people who have enough disposable income that comes in regularly every week/month. But for a pleb like me, I need to pick good price levels where I could get the most of my limited capital. Plus read the news. Why would I buy now if I know there's some probability that some macro-economic and geo-political events will crash ALL markets all over the world?

You would buy if you don't have any bitcoin and you would also buy if you have a lot of extra fiat, and there might be other reasons that you figure that you cannot gamble on the BTC price going down so you might choose to spend part of your budget now and save the other part just in case the BTC prices crash.

As long as the Federal Reserve is not turning on the money printer, economies and markets will eventually crash back down again.

So you are saying that there is a chance that markets will not crash?  That would be another reason to buy some BTC now rather than waiting.

[edited out]

Agreed, DCA is best for those who have a regular income and it will be different for those who have no regular income. Because they have to keep track of the market movements which are difficult and challenging. Moreover, it cannot be said that our predictions will always be effective. Generally, financial markets are heavily influenced by systemic economic and geopolitical factors, there may be some potential but it is not easy to predict for everyone. Even the wisest people make mistakes in such assumptions. We know that any monetary policy by the Federal Reserve can affect market movement, but that does not mean that any monetary policy implementation will certainly trigger a market crash. So there is no substitute for DCA to keep secure investment accordance with the time.

There is also nothing wrong with doing both.  DCA'ing and saving some dry powder for dips.

Yes. I think the market is gradually heading towards the downside as Wind_FURY said before and regarding the options he chose it is his absolute right to earn bigger profits if the price recovers.

Regarding your method and suggestions above is another effective investment strategy for buying but depending on one's financial goals, risk tolerance and market knowledge whether they want to use it or not, it's just that the lack of costs is a bit draining because for regular purchases.

[armanda90]

It sounds quite interesting to be a little more aggressive than the purchases we made at the previous stage. Yes aggressive decline is the right momentum to buy aggressively in raising the budget level maybe 2x bigger than what we have done. But at this stage we already did at the start of last year when Bitcoin hit a low of $16k. Being above $20k of course I still like doing it the DCA way.

But know that buying aggressively creates a bad thing if after you make a purchase and the price of Bitcoin continues to fall and you run out of budget to continue doing it, of course it will cause regret, right?  I think just do it DCA and for sure you will be better prepared at whatever point you buy it and you are also ready to face all kinds of declines because you continue to make purchases gradually.

Its not wrong with investing or buying aggressively with bitcoin during still in the right time and Bitcoin in lower price, there are not difference between aggressive buying or panic buying when hype moment with bitcoin. Needs smart controlling when have to buy or invested in bitcoin because unpredictable thing later with bitcoin will drop actually investing when bitcoin in higher price. Current bitcoin price, we must be smart when investing in bitcoin and need researching about right time for investing, don't be panic buying or aggressive for investing in Bitcoin because  depend with much experience mistake did when investing in bitcoin without smart analyze.

If have much fund, spent few kinds of bitcoin price for investing and I did this method when purchasing bitcoin each 30% of fund and have difference price.

[EarnOnVictor]

DCA is good for those people who have enough disposable income that comes in regularly every week/month. But for a pleb like me, I need to pick good price levels where I could get the most of my limited capital. Plus read the news. Why would I buy now if I know there's some probability that some macro-economic and geo-political events will crash ALL markets all over the world?

You would buy if you don't have any bitcoin and you would also buy if you have a lot of extra fiat, and there might be other reasons that you figure that you cannot gamble on the BTC price going down so you might choose to spend part of your budget now and save the other part just in case the BTC prices crash.

As long as the Federal Reserve is not turning on the money printer, economies and markets will eventually crash back down again.

So you are saying that there is a chance that markets will not crash?  That would be another reason to buy some BTC now rather than waiting.

[edited out]

Agreed, DCA is best for those who have a regular income and it will be different for those who have no regular income. Because they have to keep track of the market movements which are difficult and challenging. Moreover, it cannot be said that our predictions will always be effective. Generally, financial markets are heavily influenced by systemic economic and geopolitical factors, there may be some potential but it is not easy to predict for everyone. Even the wisest people make mistakes in such assumptions. We know that any monetary policy by the Federal Reserve can affect market movement, but that does not mean that any monetary policy implementation will certainly trigger a market crash. So there is no substitute for DCA to keep secure investment accordance with the time.

There is also nothing wrong with doing both.  DCA'ing and saving some dry powder for dips.

Yes. I think the market is gradually heading towards the downside as Wind_FURY said before and regarding the options he chose it is his absolute right to earn bigger profits if the price recovers.

Regarding your method and suggestions above is another effective investment strategy for buying but depending on one's financial goals, risk tolerance and market knowledge whether they want to use it or not, it's just that the lack of costs is a bit draining because for regular purchases.

I make regular purchases often but the only reason why I have such nerve is the trust I have in Bitcoin, nothing else. This means that if it were to be another asset that doesn't have the tradition of halving and people's belief in Bitcoin, I would not dare it because as an experienced trader, I like the market to guide me rather than taking the risk. This cautious approach applies even if I have much money as the rule of "no matter how the market goes down, it will bounce back" has failed many. Some would also wait and wait in vain for decades without success in their shares according to my experience. This is why I like to only hold a bullish market and opt out when the market is bearish to cut loss. This will certainly reduce risk and give more trading precisions.

But for Bitcoin, one can truly continue to DCA or do something similar to what I now do instead. Like myself, I've stopped DCAing if the true definition of equal division is to be observed. What I do now is to continue to inject my spare money into Bitcoin instead of saving it in a bank where it will be useful to them but almost useless to me. This has really helped me to save a lot and continue to increase my store of Bitcoin. It has also helped me to stop unnecessary spending as I watch monthly how I own more Bitcoin and think every day how rich I will become in the next 2 years or thereabout.

[red4slash]

Broadly speaking, someone who invests in bitcoin is certainly based on their belief in bitcoin itself, and I see things that don't make sense when they invest in bitcoin while they don't believe in it, I can say they depend on luck and roughly they can be said to be someone who is gambling.
I was the same, when I entered and invested in bitcoin based on my trust in bitcoin with all the benefits offered. And I believe in it.
DCA is one of the strategies that is widely recommended, and I personally apply this strategy, yes even with a small amount but it is based on my ability in finances that I have planned as well as possible to prevent and anticipate something that I don't want to feel in the future / DCA.

It will surprise you to know that many people joined Bitcoin for the hype of bull run and not because of their believe in Bitcoin. To them, they just want to make huge profits over little effort and short time and these are the people that bought at the peak and some of them end up in agony during time of dips; agony because they were not psychologically prepared to handle periods of dips and consolidations. It is usually a matter of time before they truly understand what they got into and from then forward some will take the time to study the trend, the tech behind Bitcoin and how best to approach the market while others will sell at loss and live to rue their actions. If you are active in social media, you would have seen some people narrating their ordeal with Bitcoin; how they lost money and all manner of fud.

Well, the longer one stays in Bitcoin, the calmer one gets because times somehow make us understand the possibilities, potential and the future in Bitcoin. So I always advice everyone to give it time.

I'm not surprised by that at all, because I also realize that many people are just taking advantage of the bullrun to make a "quick" profit without having to wait long. But are you sure they are just doing that without trust in bitcoin? I mean even if they do that kind of thing (buying on a bull run) they are just taking advantage of the right momentum for them to enter. I can say they don't have the mentality or don't want to wait for a long time to make a profit and they prefer the short path even though the profit may be smaller than those who buy from a bearish market situation.
Maybe here I can say that only strategies are different because among us must have different reasons.

[rachael9385]

Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term,  

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.

When you dont have anymore the funds and you do see that there's a good spot or opportunity to get in then you might be ending up on getting some loan or borrowing money which its never been that recommendable on doing so. There's no such thing about unlimited funds and for us risk takers or to those who could really be able to afford on losing if ever it was a bad decision will really be finding ways on having funds to make yourself getting in into such opportunity. The only shocking thing for me is that why is there people who do really that get surprised if ever the price do make out corrections? without even trying out to realize that recovery would really be next in line. Making some DCA action is something that would vary on certain investor or trader since not all would really be that thinking whenever there are really that opportunities and also funds or money is just really that limited.

Yes, you are correct, when someone doesn't have any funds and the person has seen a good opportunity, the person might end up borrowing money, which is a bad idea. It is a bad idea because the investment is not guaranteed for your profits, (the person might end up losing the borrowed money). If a person loses borrowed money from an investment, the person can not pay it back because right from the first place there was no money for him or her to invest in. That's why the person collected a loan. Maybe in the process of not paying back the loan, money problems can occur or the person might still borrow money from another person to pay back the former one.

So I rather recommend a person to sell any of his property that has no good value for him so he can invest with the money, because if anyone sells his property to invest in Bitcoin, he will not be scared of losing and will not think of how to get money to pay back because it is his money he has no fear.

Although it is not too good to sell a property to invest in Bitcoin, it is safer than borrowing money to invest. I have seen a case where someone borrowed money and the person could not payback but was arrested, so instead of encountering such, it is better to sell property for investment.

[bestcoins1]

Regarding your method and suggestions above is another effective investment strategy for buying but depending on one's financial goals, risk tolerance and market knowledge whether they want to use it or not, it's just that the lack of costs is a bit draining because for regular purchases.

When there are suggestions and more effective ways for investment goals with long-term targets, it is more tolerable for profits and not risks because things related to risk have already been understood by investors. Because the aim of purchasing at a low price by arranging it in stages is for greater profits even though this does drain more capital, although it is not enough to feel it because it is used based on the capabilities we have now.

[Macoach]

Broadly speaking, someone who invests in bitcoin is certainly based on their belief in bitcoin itself, and I see things that don't make sense when they invest in bitcoin while they don't believe in it, I can say they depend on luck and roughly they can be said to be someone who is gambling.
I was the same, when I entered and invested in bitcoin based on my trust in bitcoin with all the benefits offered. And I believe in it.
DCA is one of the strategies that is widely recommended, and I personally apply this strategy, yes even with a small amount but it is based on my ability in finances that I have planned as well as possible to prevent and anticipate something that I don't want to feel in the future / DCA.

It will surprise you to know that many people joined Bitcoin for the hype of bull run and not because of their believe in Bitcoin. To them, they just want to make huge profits over little effort and short time and these are the people that bought at the peak and some of them end up in agony during time of dips; agony because they were not psychologically prepared to handle periods of dips and consolidations. It is usually a matter of time before they truly understand what they got into and from then forward some will take the time to study the trend, the tech behind Bitcoin and how best to approach the market while others will sell at loss and live to rue their actions. If you are active in social media, you would have seen some people narrating their ordeal with Bitcoin; how they lost money and all manner of fud.

What I find puzzling is the idea that some people get into Bitcoin because of the hype surrounding it, while others do it because they truly believe in Bitcoin. However, simply believing in Bitcoin doesn't ensure your success with it. It's a bit like how many Christians believe that Jesus will return soon, but if they don't follow His teachings and commandments, it doesn't guarantee them a place in heaven.

What I'm trying to say is that, with Bitcoin, having a strong belief or getting caught up in the excitement of a bull run doesn't guarantee profits. What truly matters is the actions you take and the strategies you follow during these times, as they will determine your success, whether it's now or in the future.

[JayJuanGee]

I make regular purchases often but the only reason why I have such nerve is the trust I have in Bitcoin, nothing else. This means that if it were to be another asset that doesn't have the tradition of halving and people's belief in Bitcoin, I would not dare it because as an experienced trader, I like the market to guide me rather than taking the risk. This cautious approach applies even if I have much money as the rule of "no matter how the market goes down, it will bounce back" has failed many. Some would also wait and wait in vain for decades without success in their shares according to my experience. This is why I like to only hold a bullish market and opt out when the market is bearish to cut loss. This will certainly reduce risk and give more trading precisions.

But for Bitcoin, one can truly continue to DCA or do something similar to what I now do instead. Like myself, I've stopped DCAing if the true definition of equal division is to be observed. What I do now is to continue to inject my spare money into Bitcoin instead of saving it in a bank where it will be useful to them but almost useless to me. This has really helped me to save a lot and continue to increase my store of Bitcoin. It has also helped me to stop unnecessary spending as I watch monthly how I own more Bitcoin and think every day how rich I will become in the next 2 years or thereabout.

I appreciate your providing how your perspective has changed and even your practices have changed, but it seems that you also are not very hedged in terms of how much value that you might be keeping in various fiat systems.. which may or may not be very practical for most people to consider something like keeping all of their value in bitcoin... even though the most common error is in the other direction, which is the overwhelming majority of the world's population, seemingly more than 99% either do not have any bitcoin, or they have piddly bitcoin allocations... and so that's the way of the world and those who are overly allocated in bitcoin are likely going to prosper quite well into the future, so long as they do not end up recking themselves by overly allocating in such a way that they do not adequately account for their various fiat expenses and/or that there could be overwhelming periods of time in which bitcoin price goes sideways or even down and so hopefully you don't end up becoming one of those people who end up not being sufficiently hedged for either BTC price direction.

[Frankolala]

When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.

It sounds quite interesting to be a little more aggressive than the purchases we made at the previous stage. Yes aggressive decline is the right momentum to buy aggressively in raising the budget level maybe 2x bigger than what we have done. But at this stage we already did at the start of last year when Bitcoin hit a low of $16k. Being above $20k of course I still like doing it the DCA way.

But know that buying aggressively creates a bad thing if after you make a purchase and the price of Bitcoin continues to fall and you run out of budget to continue doing it, of course it will cause regret, right?  I think just do it DCA and for sure you will be better prepared at whatever point you buy it and you are also ready to face all kinds of declines because you continue to make purchases gradually.

This the reason why i love DCA than any other method of accumulating bitcoin to your investment portfolio,because it is easy to do and wouldn't make you feel the exccessive funds that you are putting into your bitcoin investment because you are doing it gradually. Unlike that of the aggressive buy that can turn out to be risky because if you only buy at dip with an aggressive pattern,when the price of bitcoin falls below what you bought it,you would be worried and will never have a rest of mind compare to the person that is DCAing irrespective of the price of bitcoin. We can't looking into the future to see what it has for us and for bitcoin price and that is why aggressive buying isn't a sure way of stashing up your bitcoin for a given period of time due to the volatile nature of bitcoin. With DCA you are sure that your bitcoin portfolio will keep on increasing as long has there is a portion of your income that is assigned to bitcoin weekly or monthly. It is the amount of bitcoin that we have now that determines the size of our bitcoin portfolio and not the one that we expect to buy later.

Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term,  

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.

When you dont have anymore the funds and you do see that there's a good spot or opportunity to get in then you might be ending up on getting some loan or borrowing money which its never been that recommendable on doing so. There's no such thing about unlimited funds and for us risk takers or to those who could really be able to afford on losing if ever it was a bad decision will really be finding ways on having funds to make yourself getting in into such opportunity. The only shocking thing for me is that why is there people who do really that get surprised if ever the price do make out corrections? without even trying out to realize that recovery would really be next in line. Making some DCA action is something that would vary on certain investor or trader since not all would really be that thinking whenever there are really that opportunities and also funds or money is just really that limited.

Yes, you are correct, when someone doesn't have any funds and the person has seen a good opportunity, the person might end up borrowing money, which is a bad idea. It is a bad idea because the investment is not guaranteed for your profits, (the person might end up losing the borrowed money). If a person loses borrowed money from an investment, the person can not pay it back because right from the first place there was no money for him or her to invest in. That's why the person collected a loan. Maybe in the process of not paying back the loan, money problems can occur or the person might still borrow money from another person to pay back the former one.

So I rather recommend a person to sell any of his property that has no good value for him so he can invest with the money, because if anyone sells his property to invest in Bitcoin, he will not be scared of losing and will not think of how to get money to pay back because it is his money he has no fear.

Although it is not too good to sell a property to invest in Bitcoin, it is safer than borrowing money to invest. I have seen a case where someone borrowed money and the person could not payback but was arrested, so instead of encountering such, it is better to sell property for investment.

Bitcoin investment needs patience and you must hodli for a very long time,this is one of the reason why it is bad for anyone to go and borrow money to invest in bitcoin because of profit. Nobody will borrow you money let's say for upto 6-7yrs without causing a big problem. Infact it is unethical to borrow money to invest on a high volatile investment like bitcoin. This is the reason why you should have a cash inflow before you decide of investing and you should only use the money that is not of important to you or that you can afford to lose for your investment,to avoid selling at loss due to panic when the price goes below the price that you bought or pressure from whoever that you borrowed money from. You might end up in regretting your actions because you weren't prepared towards starting you bitcoin investment. This is how those people who is unaware that investing in bitcoin in long term needs proper preparation to be successful.

[ShowOff]

-

Both buying strategy is good to use on accumulating bitcoin. Personally,i feel that the DCA method give one more opportunity to accumulate more than buying at lump. Although,this also depends on the cash inflow and how consistence it is.

I am someone that i have a regular income on a fixed amount and with this,i have the opportunity to always DCA the moment i get paid,because i have strategise how to use the funds. I have an investment that do pay me annually and what i do at that time is to use 80% of the funds to buy bitcoin at lump,since i can survive without that funds because it is like an extra cash to me.

When i haven't known about bitcoin,i use the cash for loan so that i can get an interest from it,when the time dues. After i got to know bitcoin,i decided not to borrow the money out for 10% interest,but rather i invested it on bitcoin,so that i can get my profit from bitcoin instead in fiat. I intend not to sell off till i have reach my bitcoin target,which when i did my calculation will be in 6yrs time,if there isn't any unforseen obstacle in my bitcoin journey.

I have also put into consideration that should incase i face some challenges along the line of my accumulating period,i will just hodli,till i overcome it. This means that i will take me more than 6-7yrs for me to reach my target bitcoin investment portfolio. If i could look into the future and know when bitcoin price will dip,i would love to keep such funds and buy at a lower price so that i can get more bitcoin but i might end up missing out,if the price didnt dip. With DCA method,you secured and dont need to panic because your investment portfolio is growing. Management is important for a hodler because it will enable him to be flexible with the cash inflow,when to buy and lump and when to DCA and when just to hodli and wait.

Sim_card, I'd rather you not write a wall of text like when you quote my post, it definitely makes my eyes blur when I read the post. I tried to paragraph it as I did in quote, so that people who read it don't experience visual impairment. Lol

After reading your entire post, I know what you are trying to conclude. Of course, your mindset is still better than some people who keep fiat under their pillow, of course that's bad considering that fiat will lose value over time. Bitcoin is an asset that allows its investors to gain value growth, but can also cause them to lose some of its value. The main consequence is that you need to consider the amount of loss you can afford, even if you are confident that in the long term your investment will bring you return.

[ginsan]

~~
It is the amount of bitcoin that we have now that determines the size of our bitcoin portfolio and not the one that we expect to buy later.

The plan is in long-term investment, So we will not measure how strong we are doing at the end of the week or measure the amount of btc in the short term. It won't make you feel comfortable doing DCA, If your mind keeps measuring the depth of your BTC holdings. I made BTC purchases on several exchanges and after that I withdrew my Btc to a personal wallet and would not check it against the amount.  Lol

I have a strong assumption that those who frequently check the amount of BTC in their portfolio means they will not have a great instinct to hold it in the long term. I don't know the reasons, but the best thing in my opinion is to check the depth of BTC holdings when we have reached our investment target, be it 5 years or 2 years, it's up to them to decide.

[YUriy1991]

~~
It is the amount of bitcoin that we have now that determines the size of our bitcoin portfolio and not the one that we expect to buy later.

The plan is in long-term investment, So we will not measure how strong we are doing at the end of the week or measure the amount of btc in the short term. It won't make you feel comfortable doing DCA, If your mind keeps measuring the depth of your BTC holdings. I made BTC purchases on several exchanges and after that I withdrew my Btc to a personal wallet and would not check it against the amount.  Lol

I have a strong assumption that those who frequently check the amount of BTC in their portfolio means they will not have a great instinct to hold it in the long term. I don't know the reasons, but the best thing in my opinion is to check the depth of BTC holdings when we have reached our investment target, be it 5 years or 2 years, it's up to them to decide.

It should be so, if I see your investment pattern is relevant and identical to a long-term approach by not being too busy checking back on the BTC portfolio after you buy and you have determined when you should look again. But, sometimes people read the moment too and that's a normal thing to do. Currently, they may still use a short-term investment approach, once they buy BTC after some time they check it again because there are still emotional factors, fear due to panic and worry if the correction gets deeper but, on the positive side it could be that they want to identify several opportunities to take advantage from market volatility and evaluate strategies to avoid deeper losses.

[Ryu_Ar1]

Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term, 

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.

As I said before even though the impulsive way is good enough for some people but not all can do it because in the end if you do a fairly impulsive way it can make profits much bigger but on the other hand the purchases we make become uncontrolled and consistency is lost because only buying with a large nominal and forgetting the initial scheme when doing DCA.

That is not a problem if you have enough funds to make regular impulsive purchases (buying at once with a larger amount of money) but if in the end this can disrupt the initial strategy of DCA with a predetermined amount according to the monthly income budget minus living expenses and other needs then I think it would be better to do DCA consistently rather than buying irregularly even with a larger amount.
In your explanation, what I can conclude is that trying to do DCA and buying aggressively during a downturn, as long as we have more funds maybe it can be done by some people but of course we have to have some other considerations in this case so it would be better to do it in a conventional way as it has always been done (with DCA) rather than taking risks where this can interfere with the strategy carried out because doing 2 buying strategies at once of course we have to redetermine the budget set for investment.

[superman184]

This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm

Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now.

So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year.

[Odohu]

What I find puzzling is the idea that some people get into Bitcoin because of the hype surrounding it, while others do it because they truly believe in Bitcoin.

It is what it is bro... peopple have different perspectives,  different motivation and different personalities. So, while some just want the money others might actually be fascinated with the tech and in all, both are doing what make them happy and that is what really matters.

However, simply believing in Bitcoin doesn't ensure your success with it.

Believing in Bitcoin is one of the most important step in this journey. You cannot hold Bitcoin if you don't believe and have some level of faith in it. Remember where your money is is where your mind is.

What truly matters is the actions you take and the strategies you follow during these times, as they will determine your success, whether it's now or in the future.

There is no point making this complicated. The only action required is to ensure you have accumulated Bitcoin, then leave the market and time to prove you wrong or right. You only loose in Bitcoin when you sell...

[armanda90]

Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now.

So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year.

Can't expected with Bitcoin will return back under 15k although many bad news every day and Bitcoin price not consistency on higher price, I don't think good ideas have waiting until Bitcoin dropped under $20k based on current bitcoin price right now have dropped to $25,700. If doubt for accumulating bitcoin better spent of your capital for investing in bitcoin around 60% and 40% left you can buy back later if prediction with Bitcoin will drop under $20k or have more lower price in the future.

I don't optimistic with bitcoin have another lower price in the future, seems current bitcoin price not really expensive right now and if have much fund is the best opportunity for investing in Bitcoin during with lower price around $25k.

[BABY SHOES]

Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term, 

It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.

Lum sump? Well, that thought will be on our minds especially when the price falls significantly when there is spare money, I want to buy lum sump but I undo that intention and put more principles on the DCA strategy.

In fact, I don't want to be aggressive with buying at once even though this is a good way to also buy below at once but DCA will be a little chaotic and between once a week it becomes vulnerable to distance because it has bought below, my mind is that even if it continues to DCA with every week it will also be better and will not be a burden.

Now I want to be like flowing water in a river, no matter what the price is, I will try the DCA method.