Buy the DIP, and HODL!

[BigBos]

For the average and the poor Considering 5% - 10% of your income is more better to DCA anything above that can be dangerous to your livelihood because you have alot of responsibiliy for the month to meet. Saving within these range is comfortable

Saving 30% and above of your income is good for persons with a very fat income also it depends on the individuals ,it is easier and better to invest from small and you grow bigger because investment has to do with your mindset and been knowledgeable about the business ,so it  is better you save acaccording to your  income and what you are comfortable with in investing in DIP and HODL.

In these ways you will be able to save for a long period of 10 years and more without affecting your monthly  responsibilities.

The benchmark of how many percent of what should be done for investment, especially when talking about DCA, actually I think it can be important because of course the initial benchmark of how many percent you spend becomes a form of responsibility that must be fulfilled in the DCA plan carried out. But apart from that the important point is our ability to continue to stabilize in doing DCA because in the end regardless of the amount of your ability to spend on bitcoin whether it's 5, 10, 20 or 30 percent everything will be useless if we can't make this consistent.
The point is before doing the DCA strategy you also have to be good at managing finances well so that you know where your strength lies in investing so that this does not burden and burden yourself after investing in the DCA way.

[1714707416]

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[1714707416]

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[Roseline492]

I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time, and nobody invest in bitcoin without target or timing, we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved.

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

[DaNNy001]

Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.

In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money.

Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages.

It seems you don't understand the discussion, if you read very closely you will see that the discussion is not about the importance or the need to understand the technical analysis for trading, he is actually talking about investment risk awareness because in as much as bigginers sees Bitcoin as the best investment they should also be aware of the risk involved and how to manage those risk and also to diversify into DCA strategy in other to enable them be on a safer side.

However from your comments you seems very interested on trading Bitcoin, considering the risk of trading and chasing the market price perhaps why don't you chose to invest on Bitcoin and hold instead of gambling with the possibility of losing everything, because in as much as you may feel that trading is very profitable that's how the risk and chances of losing out is also very high, so perhaps to be on a safer side it is advice able to use DCA strategy that guides you on how to accumulate with risk free and capital management.

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

[Onyeeze]

I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time, and nobody invest in bitcoin without target or timing, we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved.

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

When bitcoin rise now to forty five thousand to fifty thousand the price of bitcoin which is thirty five thousand currently will turn to dip price, but right now you are seeing the price as something that is in high range whereas it may go up more than the price currently, the thing is we should not only hope for only dip time to accumulate your bitcoin, accumulating Bitcoin by making profits can not be say that its normal accumulating of bitcoin, buy your bitcoin anytime you fee but be careful of the storage, that's what I have to tell someone who wants accumulation

[armanda90]

You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money.

Its most important thing and all trader have this mindset, buy or accumulate bitcoin then hold it without think of what technical adopted and have used DCA or not when investing in bitcoin. Some people still worry when investing or want to accumulate their assets in bitcoin have to use some technical and waiting when bitcoin have been in the dip price, but when great opportunity coming with bitcoin have lower price they are worrying for spending money to buy bitcoin or keep accumulate.

When have long term planning for investing in bitcoin there are not necessary with technical required and most important with our decision want to invest or not, just try with weekly or monthly for investing in bitcoin keep it consistency if want to be long term investment. Change the mindset of saving money right now exactly with some parent have prepare budget for their children cost education by joining insurance with spending more than 100$ each months, better put it and hold it in bitcoin than selling several years later when their children need cost for education and stop bad ideas with participating with insurance.

[JayJuanGee]

Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio  whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs  once such wealth is achieved..

- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments,

Your ways of choosing how to accumulate bitcoin is surely within your discretion, and some of the ways will work out better in terms of balancing finances and/or psychology.. and so it could take a bit of time for you to narrow down on what is best for yourself, since it seems that sometimes a person might not build a lot confidence in himself/herself in terms of finances and/or psychology until maybe after going through a whole cycle... yet of course, you are in the better position to make those kinds of assessments.

Of course everyone has their own way that they think it would be better to do or apply to their bitcoin accumulation, I will not prohibit or even blame them because of course everyone has their own control over what they do, and also of course hopefully you apply the best way and also hopefully you have really proven that the method is indeed good and effective after considering from various sides, try you can form a good financial and psychological balance with the method you choose.

Yes, but it is still not necessary to figure out all aspects of your financial and psychological balance in advance, and newbie normies will come to bitcoin with their own pre-existing financial and psychological balance, and sometimes the strategy that is chosen can complement and/or work well to bring them to a better place after 3-4 years of investing in bitcoin and perhaps tweaking their strategy along the way.  Bitcoin is likely going to be a learning process for almost anyone who comes to it newly, and they can choose how much time to spend studying it, and they can also choose to get started as soon as possible, which is what I tend to recommend to almost everyone.  Get started right away, and adapt long the way, too.

One of the actions to make us more confident in terms of finance or psychology before finally getting involved in accumulation in my opinion by understanding everything in bitcoin, if your perspective is completely positive on bitcoin along with the potential and risks that are there then I think do it, start your accumulation, allocate what you can be responsible for whatever will happen, make the best plan that allows it to be profitable, prepare good management according to you. although yes I understand there will always be concerns in but you will never feel the benefits if you don't try / get involved in the investment.

I agree with almost everything that you are saying here, but still I don't believe that there is any need for figuring out what is "best" even though there can be quite a bit of advantage to getting some matters in order, but no need to let perfection delay any of us in the practice of just getting started, and being able to improve as we go, and sure maybe the plan will never become exactly perfect but when the plan is tailored to what a guy/gal believes to be his/her situation, then it is likely that it is a pretty good plan, but at the same time our situations are likely continuing to change in terms of our cashflow, our view of bitcoin as compared to other investments, our timeline, our risk tolerance our other investments, our time, skills and abilities to tweak our practices and or to employ other strategies, and so we may well need to adapt from time to time to make sure that our strategy is sufficiently tailored to what we believe our situation to be. .and sometimes we might even have some troubles assessing our own situation, so the passage of time involved in investing will likely help us to tweak our strategy in ways that are more customed to our own finances and psychology...

So even myself, i had more than 20 years investing in various kind of investments prior to bitcoin, but when I got into bitcoin, in 2013, I had several times that I felt like I was needing to adjust and reassess, and even there were times in which I let some of my emotions and/or some of my personality traits get in the middle of certain dynamics, and I had to learn from my experiences how to fix what I was doing so that I would not make similar mistakes in the future as I had made, and sometimes I did still make similar mistakes, but I would like to believe that I have gotten better, but I am not so confident that I am not going to continue to make mistakes from time to time.... and I don't even want to give myself a free pass, but there are sometimes also ONLY so many things that some of us want to change, even if we might identify some areas in which we might need to make some changes (or at least that changes could be made and could be beneficial).

Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it

Also, trading likely puts a person in the wrong kind of mentality in terms of really focusing on accumulating more bitcoin rather than fucking around trying to figure out which way the BTC price is going to go in the short term which may well be nearly impossible beyond a kind of coin flip. .and so why be gambling with investing money when the fact of the matter ongoing buying and even engaging in various techniques to strategize buying opportunities may well work out a lot better in terms of both maintaining a buying mentality and also knowing that whatever happens, you are stacking more bitcoin even if some of the sats might cost more than others.

Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.

Maybe what you said is quite correct because if they are long-term Bitcoin investors they don't need any tactics in chart analysis strategies to make Bitcoin purchases because they can buy gradually with DCA at each stage. Another thing like what Saylor has done is where he doesn't care about the price because he buys and accumulates BTC in his portfolio. Apart from that, the most profitable purchase is of course to wait for the price to dip and hold for the long term as in the main discussion of this thread.

Every Bitcoin investor, whether they play in the long term or short term, definitely wants to achieve big profits on the investments they have made so far. I think basically those who bought at the $15K dip of course they have made quite a big profit from this rising moment. Maybe the big dream is $100k in the next few years and all of that will be a big win if the holders are able to hold BTC until BTC reaches $100k.

You still seem to be assuming some kind of need to sell your BTC, and sure i have no problem with members who develop strategies to sell some of their BTC at various points as the BTC price rises, but stil does not necessarily mean that there is a need to consider any kind of a target BTC price as if that would be triggering some kind of larger level sales of BTC rather than just merely shaving off BTC from time to time, whether the price is at $100k or 5$50k or whatever, and probably at some point if BTC prices keep going up the $100k will end up being a floor rather than a ceiling.

My entry-level fuck you status chart may well not be exactly accurate but it projects $100k becoming a kind of floor price for bitcoin in late 2026 to early 2027, so it is not really that far away to be thinking about $100k as a point in which anyone should really be wanting to sell his/her coins unless s/he has largely reached some kind of a status in which s/he believes himself/her self to have more than a sufficient amount of coins and can therefore shave off BTC at any point that s/he wants to.. but not necessarily selling the whole stash but instead just selling some small amounts that might be needed from time to time..

For the average and the poor Considering 5% - 10% of your income is more better to DCA anything above that can be dangerous to your livelihood because you have alot of responsibiliy for the month to meet. Saving within these range is comfortable

Saving 30% and above of your income is good for persons with a very fat income also it depends on the individuals ,it is easier and better to invest from small and you grow bigger because investment has to do with your mindset and been knowledgeable about the business ,so it  is better you save acaccording to your  income and what you are comfortable with in investing in DIP and HODL.

In these ways you will be able to save for a long period of 10 years and more without affecting your monthly  responsibilities.

The benchmark of how many percent of what should be done for investment, especially when talking about DCA, actually I think it can be important because of course the initial benchmark of how many percent you spend becomes a form of responsibility that must be fulfilled in the DCA plan carried out. But apart from that the important point is our ability to continue to stabilize in doing DCA because in the end regardless of the amount of your ability to spend on bitcoin whether it's 5, 10, 20 or 30 percent everything will be useless if we can't make this consistent.

This makes almost no sense:

"everything will be useless if we can't make this consistent."

I suppose when you say consistent you mean persistent.. to keep on buying BTC on a regular basis?  Or do you mean that the amount needs to be consistent?

Surely some people are going to be able to make a consistent amount, but even if they cannot, if they are regularly buying, even if their buy amounts vary and maybe even they might have some weeks in which they are not able to buy, but that still might "consistent enough."

Another thing is that maybe someone might tell themselves that: "no matter what between November 2023 and February 2025, I am going to buy at least $10 per week of bitcoin, " and then maybe that same person will have knowledge that some weeks s/he might be able to buy up to $100, but if cashflows are not good, the amount might go as low as $10.

Of course, if someone is brand new to bitcoin, s/he has to start his/her plan from right now and into the future, but if someone has already been ongoingly buying BTC for 1-2 years, then the person who had already been ongoingly buying BTC for 1-2 years will have some advantages in terms of both already having a ongoingly buying practice in place, but also will have information regarding how well such system has been working to maintain cash balances and also how many BTC had been accumulated during that time and how much was spent, but now that we are in this time, there might need to be some adjustments made based on where we are at right now, and not what had already happened or had not happened, so if someone was just sitting around and watching the BTC price and might have even had had a certain quantity of money that had been set aside for bitcoin and was planning to buy on the dip, when the BTC price dips to $20k, so then if the BTC price does not seem to be dipping, such person might need to consider whether s/he might need to adjust such plan, especially if s/he had not yet bought any BTC... versus the person who had been ongoingly buying BTC... seems to be in a better place.

The point is before doing the DCA strategy you also have to be good at managing finances well so that you know where your strength lies in investing so that this does not burden and burden yourself after investing in the DCA way.

it is mostly true that at least you need to figure out basics in regards to your budget in that you are not spending more than you have available... or that you are putting yourself into a position that you do not have any financial cushion, whether that is anticipating your cashflows and/or maintaining an emergency fund.  Actually both a cash cushion and an emergency fund should be considered as two different (but related) ideas that complement a persons ability to figure out how much s/he is able to invest into bitcoin whether that is aggressive or whimpy or some other amount that is mostly understood by the BTC investor/accumulator rather than random.

[BABY SHOES]

Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.

Hodling Bitcoin for the long term is not the same as trading it. If your main goal is to hold onto and gather as much Bitcoin as you can, learning about the technical analysis of Bitcoin might not be necessary. It's not a bad thing to learn, but it might make it challenging to save and hold onto your Bitcoin for a long time if you're constantly using your funds to trade, and trading involves risks with no guaranteed profits. Someone investing in Bitcoin should focus on securing their funds as that's the most important thing every Bitcoin investor should understand.

The image has shown the difference between a trader and a holder.
If you are a trader you will go through many obstacles that are so heavy to reach the peak of profit, while those who hold will continue to walk a straight path.


The difference in technical analysis for a trade, so complicated that you have to understand a lot of patterns that are needed, so the difference is very far with HODL, because by holding you will not have such heavy psychological pressure because of thinking about tenical analysis.

All image sources

When you HODL for a long time with more than 5 years then storage is very important, especially in storing seed phrases must be careful, it is better to check on a scale so that your bitcoin remains safe in your personal wallet.

[Richbased]

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

Inasmuch as trading is concerned, it is a game of uncertainty. So no matter the fluctuations in markets prices we need to keep DIPPING and HODLING bitcoin, one of the greatest enemy we have in trading is fear as due to the fact that we might buy the DIP and HODL then peradventure in the future the prices of stocks still DIP the more. So using the DCA can help HODL our bitcoin till when it DIP.

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

Bitcoin being a volatile assets can be DIP using the DCA due to the fluctuations in markets prices, it is believed that the prices of cryptocurrencies like bitcoin will still skyrocket so buying the dip using the DCA can help to HODL for the future even if it doesn't DIP the DCA can automatically HODL your bitcoin till when the price will skyrocket, so there is no need to be afraid of buying bitcoin due to the fact that it's rising incessantly.

[SeriouslyGiveaway]

Or you can actually invest that same amount in Bitcoin for 5 years and expect more profits mate. $200,000 is a very large amount and in my country now is about 230,000,000 worth of naira and that's a hell lot of fortune. who told you that the bank will be much safer? They will only display the digits for you on your account while they loan out your money making profits off it. In the next 5years, you will actually be making the bank richer while you loss a life long investment you would have gained if you bought Bitcoin and left it for that same period of time.

$200,000 is just an example figure. In my country, that's also a substantial amount of money. I've noticed that many people often mix up their investment capital and their rainy-day fund, wondering why they shouldn't invest everything for maximum returns. They believe leaving it in the bank is a waste. However, I think this is a common mistake people make when they put all their money into investments, which can lead to psychological stress later on.

Many financial experts talk about having 6 months available, and so sometimes people might go a bit above that and a bit below it, and surely if you have instability in terms of expenses or many family members and/or even a business and some uncertainties than it might be reasonable to hold up to a couple of years, but 5 years, just seems like a BIG waste and not even necessary, reasonable, prudent and/or practical for the vast majority of normal people, whether rich or poor.

These numbers are just personal preferences. I understand that a 5-year reserve fund is a substantial amount, especially when conventional advice suggests having a reserve equivalent to about 6 months of expenses. This advice is suitable for individuals with stable jobs, as they can estimate their monthly earnings. But in my current situation, where I'm fully engaged in the cryptocurrency market, having a 5-year reserve fund makes me feel secure for the long term.

You are likely a bit distracted if you are trying to consider bitcoin in terms of "the crypto" market, and hopefully you are not too distracted (trying to be smarter than everyone else) by getting involved financially, time-wise and/or energy wise to be "studying" the shitcoin space.. and then believing that there is some kind of a "need" to assess the "crypto" market, rather than focusing on bitcoin first and then perhaps branching out from there... but hey, you are free to look at the matter however  you like, but if you are bring shitcoin talk into this thread by suggesting that bitcoin is somehow part of a larger "crypto" movement and/or market, you likely are going to get some backlash.

Maybe you are not fully understanding what I'm saying. I didn't say Bitcoin and the remaining Altcoins is the same. And there's nothing wrong with saying that Bitcoin is part of the cryptocurrency market, right? And why do you think everything else except Bitcoin is shitcoin, when I didn't mention any Altcoins in my post? I'm just talking about Bitcoin and the cryptocurrency market in general.

[JayJuanGee]

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

Inasmuch as trading is concerned, it is a game of uncertainty. So no matter the fluctuations in markets prices we need to keep DIPPING and HODLING bitcoin, one of the greatest enemy we have in trading is fear as due to the fact that we might buy the DIP and HODL then peradventure in the future the prices of stocks still DIP the more. So using the DCA can help HODL our bitcoin till when it DIP.

Probably one of the greatest enemies of trading is lack of fear and thinking that you got if figured out, and that's probably why more than 90% traders either lose money or do not perform as well as a more straight forward DCA strategy.

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

Bitcoin being a volatile assets can be DIP using the DCA due to the fluctuations in markets prices, it is believed that the prices of cryptocurrencies like bitcoin will still skyrocket so buying the dip using the DCA can help to HODL for the future even if it doesn't DIP the DCA can automatically HODL your bitcoin till when the price will skyrocket, so there is no need to be afraid of buying bitcoin due to the fact that it's rising incessantly.

DCA does not necessarily apply to shitcoins, and so many of us here likely hardly know what the fuck you are talking about if you are suggesting that you can apply similar kinds of DCA principles to various shitcoins as would be reasonably applied to bitcoin.. so part of the reason that we stick with talking about bitcoin in this thread is in order to attempt to stay focused, so if you want to talk about shitcoins or to make vague references to some gobble-dee-gook concept, you probably should be doing that in some other thread rather than this bitcoin thread.  Fuck shitcoins.

[Hatchy]

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

that's very true mate. a lot of person keep insisting on only buying Bitcoin when it's dips, which we all know is very true. but what happens when there is no dip for a while, does that mean that we should stopbuying and wait longer till we get to see a dip. and how do you know that Bitcoin has dipped enough for you to start buying? if we are to always wait for the dip, we will be wasting too much time and loosing more profit which we were supposed to accumulate during that period of no dip. just like we are currently experiencing now,the price of Bitcoin has been experiencing a little bull for some weeks now, and has stayed that way for a while. does that now mean we shouldn't buy? at times like this, when there's no dip, we should try a new strategy and continue  accumulating because you never know when we will experience the next dip and ensure not to loss any profit which is the most important thing about investing in Bitcoin. it doesn't matter when you buy, as long as you are able to make a profit, keep accumulating using different strategies. we should also remember that Each strategy has its own risks and potential rewards, so it's essential to thoroughly research and understand the approach you're considering before using it.

[Mia Chloe]

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

Inasmuch as trading is concerned, it is a game of uncertainty. So no matter the fluctuations in markets prices we need to keep DIPPING and HODLING bitcoin, one of the greatest enemy we have in trading is fear as due to the fact that we might buy the DIP and HODL then peradventure in the future the prices of stocks still DIP the more. So using the DCA can help HODL our bitcoin till when it DIP.

Probably one of the greatest enemies of trading is lack of fear and thinking that you got if figured out, and that's probably why more than 90% traders either lose money or do not perform as well as a more straight forward DCA strategy.

In as much as is good to accumulate on Bitcoin dip but it shouldn't be a major strategy because the possibility of Bitcoin dipping all the time for you to accumulate may not be certain so perhaps with that if the price of Bitcoin fails to dip but instead skyrocketing doe it mean that you cannot accumulate?

As an investor, if your plans are to accumulate during dip you can as well introduce a back up plan that if the Bitcoin price give you that opportunity to accumulate if dips that's good but however if it doesn't dip you could as well use the normal DCA strategy to keep accumulating a bit by bit while you wait for the dip to come, with this back up method you can hardly miss out the chances of accumulating Bitcoin.

Bitcoin being a volatile assets can be DIP using the DCA due to the fluctuations in markets prices, it is believed that the prices of cryptocurrencies like bitcoin will still skyrocket so buying the dip using the DCA can help to HODL for the future even if it doesn't DIP the DCA can automatically HODL your bitcoin till when the price will skyrocket, so there is no need to be afraid of buying bitcoin due to the fact that it's rising incessantly.

DCA does not necessarily apply to shitcoins, and so many of us here likely hardly know what the fuck you are talking about if you are suggesting that you can apply similar kinds of DCA principles to various shitcoins as would be reasonably applied to bitcoin.. so part of the reason that we stick with talking about bitcoin in this thread is in order to attempt to stay focused, so if you want to talk about shitcoins or to make vague references to some gobble-dee-gook concept, you probably should be doing that in some other thread rather than this bitcoin thread.  Fuck shitcoins.

Shit coins create a form of scare, doubt and distrust to people new in the crypto space as many of them made investment in them and got ripped. Majority of shit coins are Ponzi schemes by their creators just to scam those with poor knowledge of Bitcoin Bitcoin is unique and it is the only coin I deem worth hodling.Even the word "Hodl" is unique to Bitcoin

[rachael9385]

Bitcoin investors do not need the technical analysis in Bitcoin when they want to invest in Bitcoin, the important thing that a Bitcoin investor needs most is just a good strategy and an amount he/she can invest daily, weekly or monthly.
Analysis is all about trading and other stuff that are related to trading, so if an investor is accumulating Bitcoin then there is no need for the investor to divert to Bitcoin trading, why? Because the investor will not have time to hold his/her coins anymore, more especially when the person is getting little profits from it

Also, trading likely puts a person in the wrong kind of mentality in terms of really focusing on accumulating more bitcoin rather than fucking around trying to figure out which way the BTC price is going to go in the short term which may well be nearly impossible beyond a kind of coin flip.

Apparently correct, the whole matter just looks like an addicted gambler who is trying to save money for emergency use and still ends up using the whole money he/she has saved to gamble. Some Bitcoin traders do get it wrong sometimes, more especially those traders that have lost enough money in trading. I don't see any reason why a Bitcoin investor would just divert from a Bitcoin investor to a Bitcoin trader.
However, it shows that some investors don't really have good conceptions about Bitcoin. That's why they still end up using the coins they might have accumulated to trade.

.and so why be gambling with investing money when the fact of the matter ongoing buying and even engaging in various techniques to strategize buying opportunities may well work out a lot better in terms of both maintaining a buying mentality and also knowing that whatever happens, you are stacking more bitcoin even if some of the sats might cost more than others.

One of the reasons why some Bitcoin investors diversify into Bitcoin trading is because they might be thinking that they will make more and quick money from trading and, as for me, I have a strong belief that Bitcoin trading is also part of gambling and if anyone is addicted to Bitcoin trading or gamble that means he/she can not accumulate Bitcoin or hold Bitcoin for dear life because he/she will definitely end up using them go trading (gamble).

[Winterfrost]

Most people don't really understand that trading of coins is actually the worse thing when you are currently trying to hodl your investment because there is no certainty that it's actually going to work for you on your every try, that's why so many people tend to call it an advance gambling and anyone who thinks he can gamble his way to success is actually not ready to be successful because trading is the height of risk when it comes to relating it to Bitcoin. And believe me as I have learnt this in a very hard way and so not trading your coin is far more better.

Inasmuch as trading is concerned, it is a game of uncertainty. So no matter the fluctuations in markets prices we need to keep DIPPING and HODLING bitcoin, one of the greatest enemy we have in trading is fear as due to the fact that we might buy the DIP and HODL then peradventure in the future the prices of stocks still DIP the more. So using the DCA can help HODL our bitcoin till when it DIP.

Probably one of the greatest enemies of trading is lack of fear and thinking that you got if figured out, and that's probably why more than 90% traders either lose money or do not perform as well as a more straight forward DCA strategy.

I agree with you on this statement. People rush in going into trading and forget that the percentage of becoming a profitable trader is low. Perhaps the books they read and course they buy seems to motivate them to take a certain decision without fear when the candle is in a certain position or some sort like that. Probably they are being deceived because there is no algebraic, numerical or logical calculation that can be used to determine the price of Bitcoin.

The pressure of making quicks profit is also one of the enemies of trading. Its like gambling. It feeds into the fear of missing out part, leads to excessive risk taking and sets one up to lose their asset. A well forward DCA is a more better odd.

[Ruttoshi]

we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved

I disagree with you, that one needs technical analysis to be a successful investor. All a newbie needs to become successful is to know the basics of bitcoin by investing in a long term to over the risk that short term hodlers fall into. He also need to know how to buy bitcoin and how much he will assign to his bitcoin investment portfolio weekly or monthly or even quarterly that will not affect your weekly expenses and have a reserve funds. Then that investor is good to start his bitcoin journey. Look at majority of whales don't care about technical analysis because they have the money to buy anytime they feel they need to add more to their bitcoin investment.

 Poor and average investors that have been accumulating for a very long time now don't know anything about technical analysis as long as they are using DCA method. DCA method of accumulation has gotten rid of the risk that technical analysis can cause to long term investors, because all they need to do  is to accumulate weekly or monthly, disregarding the price of bitcoin at that moment. Don't delay yourself from taking the best opportunity now to invest instead of waiting and learning technical analysis below you will invest because it is a waste of time for long term investors.

I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time.

You are right and wrong at the same time. Why I said that you are right is that if you buy at the bottom line of the dip in lump sum and hodli for long term maybe ten years and above, you are very lucky because the market might not experience such anymore since at every new circle the ATH is always higher than the previous one. You are wrong because as long as you are investing in a long term, using DCA strategy and lump sum at the dip, anytime that you invest in bitcoin is favorable i.e all the time it is favorable for newbies as long as his plans is to accumulate weekly or monthly till he reaches his bitcoin target. It is also hard to time the dip because nobody can predict accurately the price of bitcoin, this is where most traders get everything complicated  for them and they end of making wrong decisions that will make them run at loss because, their greedy nature has killed the fear and patient in them and regrets becomes the order of the day. If I were you I will say NO to trading.

[adultcrypto]

DCA does not necessarily apply to shitcoins, and so many of us here likely hardly know what the fuck you are talking about if you are suggesting that you can apply similar kinds of DCA principles to various shitcoins as would be reasonably applied to bitcoin.. so part of the reason that we stick with talking about bitcoin in this thread is in order to attempt to stay focused, so if you want to talk about shitcoins or to make vague references to some gobble-dee-gook concept, you probably should be doing that in some other thread rather than this bitcoin thread.  Fuck shitcoins.

Applying DCA to shitcoins can amount to a total waste of time because before you complete six months to one year of accumulation, you would have been holding a worthless bag of garbage; the founders would have sold and left. Just like you said, limiting the discussion to Bitcoin eliminates major unnecessary distractions and also have this way of infusing in the minds of the participants here that Bitcoin is the real deal.

Shit coins create a form of scare, doubt and distrust to people new in the crypto space as many of them made investment in them and got ripped. Majority of shit coins are Ponzi schemes by their creators just to scam those with poor knowledge of Bitcoin Bitcoin is unique and it is the only coin I deem worth hodling.Even the word "Hodl" is unique to Bitcoin

You are very right on this as I have noticed that most of the fud and negativity ordinary people exhibit towards Bitcoin is because of the activities of the promoters of these shitcoins. The only people who lost money in Bitcoin are probably those who sold too early and never held for long. So, I do not see the justification for the fear people express with Bitcoin.

I think one key aspect people need to focus more in this Bitcoin journey is the mindset. If the mindset is right, I'm sure their actions and decisions will follow suit. With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

[JayJuanGee]

With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

I agree with everything that you said in your post except the last line (above), and it is problematic to believe that the bitcoin price will "always recover," even if we know historically the BTC price has trended up, and there is no real evidence that the UP trend in bitcoin is going to stop, but it is still not guaranteed to go up. so it is inaccurate to use the term "always" whether you are merely thinking it in your mind or believing that it is actually going to happen that way and that is the reason why you might end up overly leveraging into bitcoin because you wrongly have those beliefs about bitcoin being "guaranteed" to go up..

Don't get me wrong.  Bitcoin is likely one of the best, if not the best investment currently available on a widespread basis and to everyone in the world, even though surely some people might not be in a financial and/or psychological position to be able to buy bitcoin, but bitcoin is still available to everyone and is likely a place that everyone should be putting some value and storing it for the longer term of 4-10 years or more.. but at the same time, the amount that anyone puts into bitcoin should be tempered by ongoing thinking that bitcoin is not guaranteed to go up.. even though it remains amongst the best of investments, if not the best investment and individuals are at the same time able to tailor the amount that they put into bitcoin to their own situations.

[Hatchy]

Applying DCA to shitcoins can amount to a total waste of time because before you complete six months to one year of accumulation, you would have been holding a worthless bag of garbage; the founders would have sold and left. Just like you said, limiting the discussion to Bitcoin eliminates major unnecessary distractions and also have this way of infusing in the minds of the participants here that Bitcoin is the real deal

I don't see any reason why one should be hodling shitcoins in the first place. They usually end up worthless, so if you're planning to use the Dollar Cost Averaging (DCA) method, it's smarter to do it with Bitcoin. At least with Bitcoin, you're not likely to waste a lot of time and money on a bad investment. I believe we should stop discussing shitcoins in this thread, as suggested by JayJuanGee, because they don't belong here.

Shit coins create a form of scare, doubt and distrust to people new in the crypto space as many of them made investment in them and got ripped. Majority of shit coins are Ponzi schemes by their creators just to scam those with poor knowledge of Bitcoin Bitcoin is unique and it is the only coin I deem worth hodling.Even the word "Hodl" is unique to Bitcoin

Many people have a negative view of Bitcoin because of bad experiences with other altcoins or rather 'shitcoins. Some of these less reliable coins have tricked people into thinking they're better than Bitcoin, leading to a lot of disappointment and financial loss. This has made people hesitant about investing because if something seems too good to be true, it probably isn't. Imagine being promised $100--200 daily but ending up with worthless coins after investing that would make someone think that all cryptocurrencies are scams. For those interested in Bitcoin, it's important to learn from trustworthy sources and do their own research. Bitcoin is a genuine and superior cryptocurrency, so if anyone wants to invest, Bitcoin is 100% the safer choice.

[adultcrypto]

With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

I agree with everything that you said in your post except the last line (above), and it is problematic to believe that the bitcoin price will "always recover," even if we know historically the BTC price has trended up, and there is no real evidence that the UP trend in bitcoin is going to stop, but it is still not guaranteed to go up. so it is inaccurate to use the term "always" whether you are merely thinking it in your mind or believing that it is actually going to happen that way and that is the reason why you might end up overly leveraging into bitcoin because you wrongly have those beliefs about bitcoin being "guaranteed" to go up..

You are right, there is no guarantees even in life. I just used that for emphasis but it turned out to be wrong. You will agree with me that investing in Bitcoin requires some form of trust and confidence that it will be worth the funds injected into it even if this is a passive income. Anything contrary to having faith in Bitcoin might lead to panic and sometimes giving in to fear from those spreading fud. However, that does not mean we should not exercise caution while investing. Having gone back to read my post, it is obvious I expressed my confidence in Bitcoin beyond the limit and that is not correct.

I'm a dutiful follower of the DCA method, observing all that it stated and applying some finetuning like setting aside emergency funds so that I will not give in to the urge to sell when I shouldn't. Therefore, my confidence in Bitcoin is still within my limits as I have not taken actions that shows otherwise.

[Odusko]

With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

I agree with everything that you said in your post except the last line (above), and it is problematic to believe that the bitcoin price will "always recover," even if we know historically the BTC price has trended up, and there is no real evidence that the UP trend in bitcoin is going to stop, but it is still not guaranteed to go up. so it is inaccurate to use the term "always" whether you are merely thinking it in your mind or believing that it is actually going to happen that way and that is the reason why you might end up overly leveraging into bitcoin because you wrongly have those beliefs about bitcoin being "guaranteed" to go up.

Don't get me wrong.  Bitcoin is likely one of the best, if not the best investments currently available on a widespread basis and to everyone in the world, even though surely some people might not be in a financial and/or psychological position to be able to buy bitcoin, but bitcoin is still available to everyone and is likely a place that everyone should be putting some value and storing it for the longer term of 4-10 years or more.. but at the same time, the amount that anyone puts into bitcoin should be tempered by ongoing thinking that bitcoin is not guaranteed to go up.. even though it remains amongst the best of investments, if not the best investment and individuals are at the same time able to tailor the amount that they put into bitcoin to their own situations.

That is why bitcoin investment should only be on a long-term basis, because to be able to substantially guarantee profits merging it has to take a wide spread of time in between and choosing a 4 to 6+ years time frame could be the best possible approach to doing that, although we can still take advantage of the occasional market ups and down in between the line, caused by Bitcoin market volatilities, but doing so need a lot of speculative knowledge tools and data that can help you make the best market decision at all time and how much of your funds you chuck out to speculate the price and do a few DCA in between the line.
As I said in doing so one needs a balanced physiological state of mind and also a high level of confidence in their decision and DCA analysis, because failure to follow such rules may lead to financial losses caused by bad decisions because of lack of knowledge of the market,  but if you just invest in Bitcoin for the long term base, this becomes better and easier to manage than it is with being a market speculator as a beginner.