Buy the DIP, and HODL!

[JayJuanGee]

If someone has been trying his or her best to meet his or her plans to achieve something that will help them but suddenly he or she becomes mentally exhausted or ill, then I think health comes first. Without good health, one can not make up or achieve anything, and it might still cost the person to spend more or touch the savings he or she doesn't want to.
Most time one can decide to reduce the amount of money he or she put into an investment just because he or she wants to regain himself, but honestly speaking, I believe that if the same investor gets better, he or she can afford to continue the same way or above what he or she was putting into the investment (Bitcoin).

This is what I do whenever I receive my monthly income. I divide my income into various percentages and I keep one part specially for medicals bills that might come up. One really has to plan for these things when the money comes so that we don't disrupt other plans that we have laid down for ourselves. For everyman to keep growing financially investment is necessary, and it is not a wise thing to always fall back to the money that has been invested whenever we are sick. Just as machines used for work usually breaks down, the human body is prone to get sick at one point or the other and we have to keep part of our earnings aside for such time.

Most people, because of the way the price of Bitcoin might be high, will not buy because they are scared that Bitcoin will drop any moment. However, I don't depend on the dip because, if I do, I will definitely not buy it at all.

Personally I don't buy bitcoin when the market is green. I wait for a retracement not matter how little it will be. But I like buying my bitcoins when I see enough red in the market. Believe me nobody love to buy the top at any point.

You might be right, but sometimes the "retracement" does not end up coming, and so maybe it is no BIG deal if you were already prepared for UP at the end of September when BTC prices were in the $26ks and $27ks, but then if you  think about it, we have largely had Upwards BTC price moves and no significant and/or meaningful retracement, so far.. and whether such retracement comes or not is not exactly high odds.  Maybe it is 50/50?  And how BIG of a retracement would you like to see?  10% or more?.. 10% only gets you down into the $33ks .. so would that be good?

You know that when we were in the $26ks and $27ks in the end of September there were quite a few folks who had pretty high levels of confidence that we were going to get down to the $24ks and maybe even lower.. but then we had just been in the $24ks a few weeks prior to that.. and still people did not prepare for UP and ONLY expected lower and ONLY prepared for one direction. 

Might have had been nice to have had been buying in the $26ks and $27ks and especially we were significantly below the 200-week moving average.. not exactly a common occurrence in bitcoin, so people still expecting lower, when we were at historical low levels, especially if considering the 200-week moving average.

[1714934059]

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[1714934059]

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[Justbillywitt]

You might be right, but sometimes the "retracement" does not end up coming, and so maybe it is no BIG deal if you were already prepared for UP at the end of September when BTC prices were in the $26ks and $27ks, but then if you  think about it, we have largely had Upwards BTC price moves and no significant and/or meaningful retracement, so far.. and whether such retracement comes or not is not exactly high odds.  Maybe it is 50/50?  And how BIG of a retracement would you like to see?  10% or more?.. 10% only gets you down into the $33ks .. so would that be good?

When we get to a new high that has not been recorded for long time, like we moved from $33k to 38k I would wait for a retracement in the region of $35k before I add to my holding. But if we don't get back to $35k and move from $38k to $42k I would wait for retracement in the region of $39k It has been a strategy I have been using for long and it has been helpful to me. You know we cannot rule out a possible retracement. What I don't like is buy the top of the month.

[JayJuanGee]

You might be right, but sometimes the "retracement" does not end up coming, and so maybe it is no BIG deal if you were already prepared for UP at the end of September when BTC prices were in the $26ks and $27ks, but then if you  think about it, we have largely had Upwards BTC price moves and no significant and/or meaningful retracement, so far.. and whether such retracement comes or not is not exactly high odds.  Maybe it is 50/50?  And how BIG of a retracement would you like to see?  10% or more?.. 10% only gets you down into the $33ks .. so would that be good?

When we get to a new high that has not been recorded for long time, like we moved from $33k to 38k I would wait for a retracement in the region of $35k before I add to my holding. But if we don't get back to $35k and move from $38k to $42k I would wait for retracement in the region of $39k It has been a strategy I have been using for long and it has been helpful to me. You know we cannot rule out a possible retracement. What I don't like is buy the top of the month.

Fair enough, but if you are fairly new to bitcoin (as your forum registration date is not even two months), then it can take years and years and years to build your bitcoin position and/or to get your bitcoin stake to a high enough status that you might be able to become less focused on BTC accumulation.

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

Buying on dips can surely supplement a DCA strategy, and buying on dips becomes even better of a strategy the loinger that you have been in bitcoin, such if you have been in bitcoin for a whole cycle or a cycle and a half..  Then maybe at some point you might convert to ONLY buying on dips, but in the beginning many folks do not have enough bitcoin, and surely I cannot tell you how much you need.. and sometimes if you are new to bitcoin, you don't realize how many that you need.

Also, if you are just planning on selling after the price doubles or triples, then sure you may well be thinking about your approach to BTC differently as compared with a lot of the members participating in this thread.

[Mayor of ogba]

You might be right, but sometimes the "retracement" does not end up coming, and so maybe it is no BIG deal if you were already prepared for UP at the end of September when BTC prices were in the $26ks and $27ks, but then if you  think about it, we have largely had Upwards BTC price moves and no significant and/or meaningful retracement, so far.. and whether such retracement comes or not is not exactly high odds.  Maybe it is 50/50?  And how BIG of a retracement would you like to see?  10% or more?.. 10% only gets you down into the $33ks .. so would that be good?

When we get to a new high that has not been recorded for long time, like we moved from $33k to 38k I would wait for a retracement in the region of $35k before I add to my holding. But if we don't get back to $35k and move from $38k to $42k I would wait for retracement in the region of $39k It has been a strategy I have been using for long and it has been helpful to me. You know we cannot rule out a possible retracement. What I don't like is buy the top of the month.

What if there is no retracement to $39k? and the price of Bitcoin keeps on gaining, you might miss out on accumulating your Bitcoin because you are waiting for a retracement. I could suggest if you have enough money divide it into three parts that you will use to buy the Bitcoin dip, buy when the Bitcoin price is at peaks, and buy Bitcoin with the DCA strategy, instead of waiting for the Bitcoin price retracement and miss out on holding a Bitcoin. Just as @JayJuanGee mentioned to you if you are staying in BTC for 4-10 years it might end up doing you good because the BTC price will be above your buying price in those years.

[YUriy1991]

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

I'll just short. This is something that some people have not actually felt, especially those who have just invested, but if they have already experienced take profit from BTC investment, for example as you stated above and the duration, perhaps their expectations will also be very different. They will always want to continue to increase their ownership.

[Hatchy]

When we get to a new high that has not been recorded for long time, like we moved from $33k to 38k I would wait for a retracement in the region of $35k before I add to my holding. But if we don't get back to $35k and move from $38k to $42k I would wait for retracement in the region of $39k It has been a strategy I have been using for long and it has been helpful to me. You know we cannot rule out a possible retracement. What I don't like is buy the top of the month.

You shouldn't always anticipate for a retracement before you buy Bitcoins. You can buy when you have enough spare money. The market sometimes cannot be predicted so the more time you spend waiting for a retracement you might actually be missing out on the profits you would have be earning from your investment. So, if you really want to acquire enough Bitcoin in the up coming years, you might want to consider using different strategies when it comes to accumulating Bitcoins. There's no one method of accumulation, you use what ever method best suits the current condition of the market.

[JayJuanGee]

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

I'll just short. This is something that some people have not actually felt, especially those who have just invested, but if they have already experienced take profit from BTC investment, for example as you stated above and the duration, perhaps their expectations will also be very different. They will always want to continue to increase their ownership.

I have never used shorts, and they seem to be unnecessary for guys who are still building their BTC holdings..

I am not sure if it is worse than selling because I suppose it depends on how the short is set up in terms of collateral and if there is a use of margin, and if there is no use of margin and it is more of a straight forward short, then to the extent that is even relevant within this particular thread, I cannot really understand why it would be a good idea absent someone who might have been building his BTC stash for several years.. maybe even more than 5 years... which surely does not seem to be the case that brought up this scenario through Justbillywitt.

Seems to be overly complicating matters and devolving into gambling to the extent that we could even claim that shorting might somehow be on topic for someone who has reached maintenance rather than accumulation stage. but even that seems like a stretch to incorporate such a complicated technique that likely is just increasing the ways that guys can lose BTC when their goals should be to be ongoingly building their BTC until they get to a certain level of accumulation that's in the ballpark of fitting their personally-tailored goals.

[Publictalk792]

Fair enough, but if you are fairly new to bitcoin (as your forum registration date is not even two months), then it can take years and years and years to build your bitcoin position and/or to get your bitcoin stake to a high enough status that you might be able to become less focused on BTC accumulation.

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

Buying on dips can surely supplement a DCA strategy, and buying on dips becomes even better of a strategy the loinger that you have been in bitcoin, such if you have been in bitcoin for a whole cycle or a cycle and a half..  Then maybe at some point you might convert to ONLY buying on dips, but in the beginning many folks do not have enough bitcoin, and surely I cannot tell you how much you need.. and sometimes if you are new to bitcoin, you don't realize how many that you need.

Also, if you are just planning on selling after the price doubles or triples, then sure you may well be thinking about your approach to BTC differently as compared with a lot of the members participating in this thread.

I understand what you want to say about how long it could take to get a lot of Bitcoin and how much important to start buying it EARLIER not later.It is true  buying and keep Bitcoin over time can be a good strategy especially if you plan to keep it for many years.

Buy the Bitcoin when go down can also be a GOOD STRATEGY. But when you are just starting and don't have a lot of Bitcoin it is better to focus on buying it REGULARLY instead of waiting for the price to go down.

When we should sell Bitcoin depend on what we want to ACHIEVE and how much risk we can take easily. Some people want to sell it when the price go up like doubles or triples. But Mostly "Hold" tight because they think Bitcoin is the name HODL(or think the word HODL unique for Bitcoin). That is important for everyone to think about their own strategy when it comes to Bitcoin.

[Justbillywitt]

What if there is no retracement to $39k? and the price of Bitcoin keeps on gaining, you might miss out on accumulating your Bitcoin because you are waiting for a retracement. I could suggest if you have enough money divide it into three parts that you will use to buy the Bitcoin dip, buy when the Bitcoin price is at peaks, and buy Bitcoin with the DCA strategy, instead of waiting for the Bitcoin price retracement and miss out on holding a Bitcoin. Just as @JayJuanGee mentioned to you if you are staying in BTC for 4-10 years it might end up doing you good because the BTC price will be above your buying price in those years.

You can't say ''what if there is no retracement'', because surely there will always be retracement. Following the law of economics when supply exceeds demand there is bound to be retracement. Because there more willing sellers than willing buyers and even @JayJuanGee knows this. Bitcoin is not a stablecoin and saying what if there is no retracement doesn't go well. Yes DCA strategy is very good and I'm not disputing that fact, but what I am saying is I don't accumulate bitcoin due to FOMO because of the knowledge I have gathered on bitcoin investment even though my forum accounts says otherwise. Yes I am into bitcoin as as a long term hodler and I am not disputing the fact that we are yet to see the full potentials in bitcoin investment. So since am going to be around and holding for a long term what's the rush of always buying the top. I feel more comfortable buying when there is a 5 to 10% dip in price from high of the week or month.

[Frankolala]

What if there is no retracement to $39k? and the price of Bitcoin keeps on gaining, you might miss out on accumulating your Bitcoin because you are waiting for a retracement. I could suggest if you have enough money divide it into three parts that you will use to buy the Bitcoin dip, buy when the Bitcoin price is at peaks, and buy Bitcoin with the DCA strategy, instead of waiting for the Bitcoin price retracement and miss out on holding a Bitcoin. Just as @JayJuanGee mentioned to you if you are staying in BTC for 4-10 years it might end up doing you good because the BTC price will be above your buying price in those years.

You can't say ''what if there is no retracement'', because surely there will always be retracement. Following the law of economics when supply exceeds demand there is bound to be retracement. Because there more willing sellers than willing buyers and even @JayJuanGee knows this. Bitcoin is not a stablecoin and saying what if there is no retracement doesn't go well. Yes DCA strategy is very good and I'm not disputing that fact, but what I am saying is I don't accumulate bitcoin due to FOMO because of the knowledge I have gathered on bitcoin investment even though my forum accounts says otherwise. Yes I am into bitcoin as as a long term hodler and I am not disputing the fact that we are yet to see the full potentials in bitcoin investment. So since am going to be around and holding for a long term what's the rush of always buying the top. I feel more comfortable buying when there is a 5 to 10% dip in price from high of the week or month.

No problem with the time or amount that you feel is cool with when you want to buy, but one thing that you should understand is that an investment needs to grow with timeline and not to be stagnant, that shows that you are progressing. This is the reason why the advice of not waiting for some price range before buying is so that, you can keep on increasing your bitcoin portfolio with regular DCA bit by bit and before you know it after a long period of time you will have a significant amount of bitcoin in your portfolio. Instead of sitting down and watching the market come to your own price before buying.

It is better that you accumulate weekly, monthly or quarterly because it might be hard to see the retracement like you said and nobody knows when it will come. Buying bitcoin when the price is high is not FOMO for investors that are using the DCA strategy because they are buying always irrespective of bitcoin price. You should also take note that nobody can predict bitcoin price movement which makes your accumulation strategy not good for newbies who have their bitcoin target and want to achieve it. The joy with investors is when they see their bitcoin portfolio increasing due to their strong commitment and actions on accumulating regular. From the look of things based on your statement, I don't think that you have an investment goal that you want to achieve i.e bitcoin target, it is not to be on a long term investment journey that matters but the ability for you to increase your bitcoin investment portfolio during the period of your bitcoin journey so that you can reach a certain level that you will be happy after you gave re-access your bitcoin portfolio to see the size, maybe it has reached 8x or 10x the original size.

Don't forget that the profit of your investment depends on the size and the timeline. It means that is bitcoin price don't dip till after the ATH, your investment portfolio will just be stagnant. This is a bad strategy for anyone who has just begun his bitcoin journey because you will never grow, and if someone that is new starts accumulating with regular DCA weekly or monthly, within some period of time his investment will be bigger than yours because you feel comfortable buying at your own price. One thing you should know that is called success in investment is not how long that you have been in that investment, but it is how much that you have invested and achieved that makes you successful. buying at the dip is more investors that have reached maybe 70% and above of their bitcoin target.

[FinePoine0]

What is Dollar Cost Averaging?

BTC Dollar Cost Averaging (DCA) is a popular investment strategy that is often used in the world of cryptocurrency. BTC DCA involves investing a fixed amount of money into BTC (Bitcoin) on a regular basis, regardless of the current market price. This strategy can help investors to smooth out the potential ups and downs of the market and reduce the risk of buying at the wrong time.

Here's an example of how BTC DCA works: let's say that you want to invest $500 in Bitcoin. Instead of buying $500 worth of Bitcoin all at once, you could use the BTC DCA strategy to buy $100 worth of Bitcoin every week for five weeks. This means that you would be buying Bitcoin at different prices each week, depending on how the market is moving. If the price of Bitcoin goes up during those five weeks, you will be buying less Bitcoin each week. But if the price of Bitcoin goes down, you will be buying more Bitcoin each week.

The main advantage of using the BTC DCA strategy is that it can help to reduce the risk of buying at the wrong time. By investing a fixed amount of money on a regular basis, you can avoid the potential pitfalls of trying to time the market or making emotional decisions about when to buy. This can help to ensure that you are consistently buying into the market, rather than making large, one-time purchases that could be affected by market fluctuations.

Additionally, BTC DCA can help to reduce the average cost of your investment over time. By buying at different prices, you can potentially average out the cost of your investment and end up with a lower overall price than if you had bought all at once. This can help to maximize your returns in the long term.

Overall, the BTC DCA strategy is a popular and effective way to invest in Bitcoin. It can help to reduce risk and improve your chances of success in the volatile world of cryptocurrency.

Source: https://dcacryptocalculator.com/bitcoin

Here is an interesting fact about buying bitcoins. Here you can find all information on how to invest in DCA method.

[armanda90]

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

[Ruttoshi]

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

If I understand what you mean, trading is not the best way to accumulate bitcoin but rather you should use the DCA approach because this gives you the opportunity to buy bitcoin frequently no matter what the price of bitcoin is at that moment. This is the only strategy that helps you to increase your bitcoin portfolio gradually. What you need to do is to make your calculations on how much that you will use to buy bitcoin weekly or monthly based on your income and you should make sure that the amount that you are using to buy regularly wouldn't affect your monthly expenses. You should also set aside emergency funds and reserve funds to help you comb whatever expenses thatay occur during your accumulation period so that you don't go and sell the bitcoin that you have accumulated when it is not from your will.

Have a bitcoin target and work towards that goal with commitment, patience and discipline because you are on a long term bitcoin accumulation journey. If you are privilege to have extra cash, you can keep it so that you can use that money to buy bitcoin at the dip, and if peradventure, you have a good amount of extra funds that you don't need, you can share it into three fractions, one for your regular DCA, the second for lump sum purchase and the last part for buying at the dip.

Don't think of trading because it is very risky and it can lead you to a great loss because trading is something professional and not for everybody. It is very easy to make loss in trading than making profits and only 10% of traders are those that are getting profit fr trading. Don't waste your time and resources on what needs some technical skills and market analysis because it is difficult to know which side the market will move to. It is easy to buy bitcoin weekly because no much skill is needed than just to know how to buy and transfer to your self custody wallet. So many newbies have thought that they can use trading to increase their bitcoin portfolio but they ended up in disappointment, loss and regrets. Traders are only after small profit in a short time and most times they make wrong decisions on the market movement and a lot of them have changed from trading to investing with DCA approach because they have realize their mistake and learnt a hard lesson from trading.

People think trading is that easy but it is not and traders are not investors because an investment is not something that you gamble with, but rather something that you sacrifice for to benefit from it in many years to come. DCA reduces risk and helps to accumulate bitcoin in advance as long as you are investing for long let's say maybe from 4-10yrs and above depending on your bitcoin target.

[Roseline492]

but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

Well there is a saying that using one stone to kill two birds is not always possible or advisable because if your plans of accumulating Bitcoin through future trading I most say that you are not really ready to accumulate Bitcoin because the possibility of making profits from your future trading is not certain because of the risk involved and also if I may ask what if you lose all the money through the future trading what will now become your Bitcoin accumulation plans?.

One of the reasons why most people failed on there investment is a poor planing because most people always see the possible profits that might come out from a certain investment without considering the risk or rather challenges that might be resulted from there.

So actually I would just advise you focus on accumulation of Bitcoin and remove any mindset of putting your money on future trading by using the profits realize from there to boost your accumulation of Bitcoin because it could affect your investment seriously.

[Hewlet]

,

1. With conviction, one can listen to opposing arguments with an open mind, assessing them for possible outcomes.

sure! I have noticed this quite much in this forum that most persons make statement that will  sink well with others and not for the purpose of either emphasizing there assertion or conviction on the said matter. This has lead them to passing wrong information to people that might misunderstand them. I have noticed people making general statement about bitcoin even when they don't even have the proper knowledge regarding it and will even make blind argument that is not aimed at getting themselves informed but is totally centered at proving a self acclaimed point.

[Aanuoluwatofunmi]

You might be right, but sometimes the "retracement" does not end up coming, and so maybe it is no BIG deal if you were already prepared for UP at the end of September when BTC prices were in the $26ks and $27ks, but then if you  think about it, we have largely had Upwards BTC price moves and no significant and/or meaningful retracement, so far.. and whether such retracement comes or not is not exactly high odds.  Maybe it is 50/50?  And how BIG of a retracement would you like to see?  10% or more?.. 10% only gets you down into the $33ks .. so would that be good?

When we get to a new high that has not been recorded for long time, like we moved from $33k to 38k I would wait for a retracement in the region of $35k before I add to my holding. But if we don't get back to $35k and move from $38k to $42k I would wait for retracement in the region of $39k It has been a strategy I have been using for long and it has been helpful to me. You know we cannot rule out a possible retracement. What I don't like is buy the top of the month.

If what i use here as a technique is good by me alone as from what i can see and it all works for me the better, i only invest using DCA, this helps me getting my portfolio pilling up till i see that I've gotten enough that is so close to the last all time high of $69,000 then i many decided to wait and hold onto the ones I've Invested, waiting for the bullrun to come and i make my profits then also reinvested.

[Odohu]

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

You are going about it the wrong way. Don't buy through futures trading, just buy from any of the exchanges and hold in a wallet you control the private keys or seed phrase. Future trade uses leverage which can burn your account should there be any major retracement.

Imagine the ETF get rejected again by January and the market dumps, you will be burnt if you use leverage and a reasonable lot size because since you are presumably buying to hold for long via leverage trading, you will go all in.

Don't also forget that with futures trading, you do not really own a Bitcoin, because everything is in dollar value, although you have the choice of converting to Bitcoin at the expiration of the contract.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

Like I said, avoid future trading and buy real Bitcoin from exchange, transfer it to your wallet and hold. There is no need of being confused because it is a simple method. Don't let the greed of getting X10 of your capital lead you into taking uninformed risk.

[JayJuanGee]

Fair enough, but if you are fairly new to bitcoin (as your forum registration date is not even two months), then it can take years and years and years to build your bitcoin position and/or to get your bitcoin stake to a high enough status that you might be able to become less focused on BTC accumulation.

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

Buying on dips can surely supplement a DCA strategy, and buying on dips becomes even better of a strategy the loinger that you have been in bitcoin, such if you have been in bitcoin for a whole cycle or a cycle and a half..  Then maybe at some point you might convert to ONLY buying on dips, but in the beginning many folks do not have enough bitcoin, and surely I cannot tell you how much you need.. and sometimes if you are new to bitcoin, you don't realize how many that you need.

Also, if you are just planning on selling after the price doubles or triples, then sure you may well be thinking about your approach to BTC differently as compared with a lot of the members participating in this thread.

I understand what you want to say about how long it could take to get a lot of Bitcoin and how much important to start buying it EARLIER not later.It is true  buying and keep Bitcoin over time can be a good strategy especially if you plan to keep it for many years.

Buy the Bitcoin when go down can also be a GOOD STRATEGY. But when you are just starting and don't have a lot of Bitcoin it is better to focus on buying it REGULARLY instead of waiting for the price to go down.

When we should sell Bitcoin depend on what we want to ACHIEVE and how much risk we can take easily. Some people want to sell it when the price go up like doubles or triples. But Mostly "Hold" tight because they think Bitcoin is the name HODL(or think the word HODL unique for Bitcoin). That is important for everyone to think about their own strategy when it comes to Bitcoin.

Yes... selling depends on your personal goals, and really if people invest into bitcoin for the long term, such as 4-10 years or even longer, then they can still be advantaged by having value in bitcoin, even if they are not selling it and even if they are going through various drastic ups and downs along the way... So a fairly BIG question might be how much BTC are you trying to accumulate, and if you reach your target and you sell it all, then you weren't really wanting to accumulate bitcoin, but instead you were wanting to accumulate dollars.. so are you in a better place if you sell out of bitcoin and get into dollars, or would you be more likely to be better off if you either completely stay in bitcoin and maybe just sell small amounts from time to time to the extent that you might no longer be in an accumulation mode.   

Some of those selling strategies are going to become more clear as you accumulate BTC, but people do frequently get distracted and they sell too much BTC too soon, and then they have to rethink their whole perspective including that they might have ended up psyching themselves out of having a BTC buying and/or HODLing strategy rather than devolving into trading and gambling kinds of thinking about their stash.

What if there is no retracement to $39k? and the price of Bitcoin keeps on gaining, you might miss out on accumulating your Bitcoin because you are waiting for a retracement. I could suggest if you have enough money divide it into three parts that you will use to buy the Bitcoin dip, buy when the Bitcoin price is at peaks, and buy Bitcoin with the DCA strategy, instead of waiting for the Bitcoin price retracement and miss out on holding a Bitcoin. Just as @JayJuanGee mentioned to you if you are staying in BTC for 4-10 years it might end up doing you good because the BTC price will be above your buying price in those years.

You can't say ''what if there is no retracement'', because surely there will always be retracement.

Yeah but what good does it do you if the BTC price goes up to $55k and ONLY ends up retracing back down to $42k?

Sure, your retracement scenarios might play out, but if you are a newbie to investing, you may well be overly prepared for DOWNity, and hardly at all prepared for UPpity.  In that case, you are likely being too smart for your own good... even if you might end up being correct... but then if you are not, then what?

We have witnessed these kinds of BTC UPpity price moves several times in BTC's history, and surely it does not mean that they are guaranteed, just like you are not guaranteed a retracement that is going to be significantly large enough to put you in a place that you should have had been in August and September when BTC spent around 2 months between the upper $24ks and the lower $27ks and people were waiting for further down, and we have not had much retracements since early October, especially for those too greedy in term of their retracement expectations.

Following the law of economics when supply exceeds demand there is bound to be retracement.

We don't have that in bitcoin.

Have you heard of bitcoin?

It is called scarcity.

Because there more willing sellers than willing buyers and even @JayJuanGee knows this.

Yes.. I know that if there are more willing sellers than willing buyers then the price is going to go down, yet that is not really telling us anything to presume that there are more willing sellers in these price zones, when the opposite may well could be the case.  Yeah, none of us really know, and that is why JJG suggest to always prepare for either direction, but to always make sure that you are more prepared for UP than you are for down since we are investing into bitcoin for a reason. .which is that it is amongst the best of assets available for normies around the world to invest into, if not the best.

Bitcoin is not a stablecoin and saying what if there is no retracement doesn't go well.

I doubt anyone is saying that there won't be retracements, but they might not happen at points that you expect.

Sometimes bitcoin goes into punishment mode, and that really sucks for guys who either shorted bitcoin or did not get enough coins.

But you have to live with your own choices in regards to how much you are prepared for either price direction... of course the third option is that we could go flat from here, but that would be pretty rare.. .. but there can be some periods of sticking at the top for a while prior to the retracement, but sometimes the retracement does not come until much later, and then the retracement, even though technically correct, does not really benefit those who should have been buying all along and/or probably should not have shorted.

Yes DCA strategy is very good and I'm not disputing that fact, but what I am saying is I don't accumulate bitcoin due to FOMO because of the knowledge I have gathered on bitcoin investment even though my forum accounts says otherwise.

Well if your forum account says that you have ONLY been here for 2 months, would you like to give us a longer history regarding your BTC accumulation.

On my own personal level I was accumulating bitcoin about three months prior to my forum registration, and I was referred to the forum (specifically to the WO thread) by someone in another bitcoin-related thread in another forum... so I started in bitcoin in late 2013, but I had already had about 20 years in vesting in other kinds of things, so I kind of had a specific agenda, including that I wanted to diversify some aspects of my then holdings away from the dollar.. and so that is part of why bitcoin seemed to make sense for me to establish an investment budget for bitcoin for 6 months, and then at the end of the first 6 months, I extended an investment budget for another 6 months, so maybe I had a year in bitcoin that I was engaged in mostly accumulating BTC and also studying the space and forming my opinions and even tweaking some of my strategies (and my thinking) at various points along the way..

Yes I am into bitcoin as as a long term hodler and I am not disputing the fact that we are yet to see the full potentials in bitcoin investment. So since am going to be around and holding for a long term what's the rush of always buying the top.

right now we are right around 30% above the 200-week moving average, so it is not really seeming to be any kind of meaningful/significant top in terms of attempting to measure BTC value in terms of bitcoin itself rather than getting caught up in potentially irrelevant and/or meaningless technical analysis of bitcoin as if it were a mature asset, when it is not, and from the chart you can see that we are currently at $28,988 which and that we have tended to be quite a bit above the 200-week moving average rather than close to it or even below it (which the last year and a half) might have given you some perverted ideas about where bitcoin is at in terms of its historical tops and bottoms...and also if you don't really understand what bitcoin is or if you might happen to believe that it is some kind of a mature asset class or that it is like other assets. blah blah blah.. you might not get it.

I feel more comfortable buying when there is a 5 to 10% dip in price from high of the week or month.

No problem.

Hopefully you already have enough BTC so that it does not matter to you either way, even if we go up to $55k without a 5% to 10% dip... I personally have no clue if the BTC price will dip or not but my own holdings are prepared for either direction.  if the price goes up I sell and if it goes down I buy.. but if you don't have enough BTC, then you should skip the selling part and only do the buying part, and also don't be concerned about which way the price is going, just buy regularly, and sure maybe hold some extra to buy on dips, but the main thing should be ongoing buying until getting to some kind of a stage that your BTC holdings tell you that you can modify your strategy, and sure if you have been buying for several years and/or you lump summed into bitcoin in the last year and a half, then maybe you already have enough BTC, but from the contents of you posts, it seems that you probably missed out on buying enough in August/September when BTC prices were between $24k and $27k and you have missed the last two months waiting for dips that have not happened, yet.. and now we are above $38k.. so maybe you might get a dip to $39k after the price goes above $42k? or sure, maybe it will dip from here?  I am not going to claim to know much of anything, but I would not be putting too much stock into a buying on dip strategy if I was already in a position of not having enough BTC.. which seems to be your situation.

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

It should be pretty obvious that we are not talking about those kinds of trading, leveraging and futures topics in this thread.  Sure once you have the basics you can add more sophisticated techniques in order that you can lose everything that you worked to gain over the years.  Another thing, just keep those fucking arounds with trading, leverage, futures, shitcoins and other kinds of gambling less than 10% of you bitcoin holdings.. and don't be sloppy with it.. don't be injecting new money into your degenerate gambling after you lose the whole 10% and then take another 10%.. you probably need to have systems in place to punish yourself and to earn back your  losses prior to being authorizing yourself to employ such tools in the future.. but of course that's up to you how you want to do those things, but it should be clear that those strategies are not on topic in this thread.

[Richbased]

Fair enough, but if you are fairly new to bitcoin (as your forum registration date is not even two months), then it can take years and years and years to build your bitcoin position and/or to get your bitcoin stake to a high enough status that you might be able to become less focused on BTC accumulation.

You could end up screwing yourself if you are waiting around too much rather than just buying and letting the chips fall where they will, even if you end up having a higher cost per BTC, but if you plan on staying in BTC for 4-10 years or more than it may end up doing you better to get your mindset correct in terms of buying BTC ongoingly and persistently until you reach a certain stash level..

Buying on dips can surely supplement a DCA strategy, and buying on dips becomes even better of a strategy the loinger that you have been in bitcoin, such if you have been in bitcoin for a whole cycle or a cycle and a half..  Then maybe at some point you might convert to ONLY buying on dips, but in the beginning many folks do not have enough bitcoin, and surely I cannot tell you how much you need.. and sometimes if you are new to bitcoin, you don't realize how many that you need.

Also, if you are just planning on selling after the price doubles or triples, then sure you may well be thinking about your approach to BTC differently as compared with a lot of the members participating in this thread.

I understand what you want to say about how long it could take to get a lot of Bitcoin and how much important to start buying it EARLIER not later.It is true  buying and keep Bitcoin over time can be a good strategy especially if you plan to keep it for many years.

Buy the Bitcoin when go down can also be a GOOD STRATEGY. But when you are just starting and don't have a lot of Bitcoin it is better to focus on buying it REGULARLY instead of waiting for the price to go down.

When we should sell Bitcoin depend on what we want to ACHIEVE and how much risk we can take easily. Some people want to sell it when the price go up like doubles or triples. But Mostly "Hold" tight because they think Bitcoin is the name HODL(or think the word HODL unique for Bitcoin). That is important for everyone to think about their own strategy when it comes to Bitcoin.

Inasmuch as bitcoin is concerned at this particular time, there is no need waiting for it to dip before buying and hodling. At this time what a good investor can to is to keeping buying bitcoin now irrespective of the fluctuations in the price of stocks in the market as bitcoin price may not dip lesser than this till the bull run begins. This is more reason why the DCA method is applicable at this material time as it will help an investor to be investing the same amount at difference period not withstanding the state of the price at that particular time.

Often times the problems we encounter while investing is impatient and fear of losing if peradventure the price of bitcoin dips after we've bought bitcoin and again due to this fear most time make investors to sell off their bitcoin earlier than it ought to have stayed. Investing in bitcoin requires patient to wait for a very long time before the investment can be matured for trading so in situation where an investor isn't patient enough to monitor the activities of stocks in the market it might actually lead to incurring losses.

[Salahmu]

Attention please give me an ideas about accumulate bitcoin.

I believe with bitcoin price potential in the future will raise to higher price and buy the dip keep hold until for longer time will much profitable as investment or spot trading, but how your ideas if accumulate bitcoin trough future trading long position opening and hold it for longer time until price up. Leverage under x10 and did you think my ideas is crazy or hold it as unusual investment with spot trading. I think will be faster to earn much profit when accumulating bitcoin trough future trading but keep long position, will it profitable due my bitcoin accumulate weekly around $100 and how risk it regarding future trading with leverage under x10.

I am confuse to earn as much possible with holding bitcoin and accumulate on weekly around $100, give me an ideas which one more secure when investing in bitcoin as spot or future trading?

Your perception or view of investment is actually not encouraging because following the explanation you made there is every chance of losing even the small funds you had in mind to invest on Bitcoin because is actually obvious that any investor who intend to accumulate Bitcoin through the profits they made from there trading is obviously a bad plan.

Perhaps what makes you feel that there is every possibility that you are going to make a profits from future trading? Or perhaps you seem not to realize the risk involve on trading and the chance of blowing away all the money you have worked so hard for to accumulate Bitcoin, so I would advise you to focus on accumulation of Bitcoin only and if perhaps you feel you don't have enough funds you can as well reduce the accumulation amounts to suite your financial state and with time you will accumulate a lot.