Buy the DIP, and HODL!

[SmartGold01]

I don't agree to your assertion that it's not ideal to take off profits within the bull run like what's the essence of investing? Isn't it to make profits? So in a situation whereby an investor have achieved his major aim of investing which is to make profits so after selling off his bitcoins the next for him to do is to pause investing for sometime until the price begins to dip then he can start buying and holdling again till he aquires a reasonable amount or better still he apply the DCA till the price skyrockets again so that's what an experienced investor does.

In trading, making profits is not guaranteed all the time so accumulating for a very long period like 10 years as you stated may not really be an obtainable idea as the future is unpredictable no one knows how the fate of the coin might turn out due to some uncertainty that surrounds the stock coin market. Making accumulation for a very long period of time might even lead to losses because in the quest of hoping that the price will skyrocket then it suddenly starts dipping so it's really not ideal to accumulate for too long as no one can speculate or predict what it's future holds.

This has never happened in bitcoin history for over 14 years now if I am not mistakenly bitcoin has never seized to changed in price for every year till date so saying that the price of bitcoin might failed one day shows how little your trust and believe for bitcoin is and to me you are also not worth calling a bitcoin because you are not preaching the message and mission of bitcoin. As a matter of fact since from inception of bitcoin we have never record any bad price whereby bitcoin keeps failing instead we can say that bitcoin has been repeating its history for over decade now and is sequential whenever the price dip with few months it gets back to the previous price except for bear season where we know that the price doesn't make a change rather it keeps declining to some certain point and takes back it's bull again...

.. there are people who are basically doing trading especially the institutional traders these people trades for individuals and return their profits either by every month ending or by weekly, trading is one of the most common place where people makes profits ( it could be a crypto/ forex/ binary trading) they are all reliable way of trading except you aren't a professional trader where you fund and sweep your account. Those who are rooted into trading makes cool cash from it without incuring much lost rather/or crypto trading can be more secure than binary or forex trading.
But know it that gambling can never be equated as trading because gambling is more of probability and chance based game instead of trading, in trading whenever you buy bitcoin at lower price all needed to do for your funds to be safe is just to hold for while you gain back your hold than gambling. Lemme not deviate from the real subject of this topic but know they aren't the same.

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[Mayor of ogba]

In that context, I believe people will accumulate Bitcoin when the market is down and they will buy aggressively at that time.  That's quite a good thing if you have a bigger budget. But as beginners, maybe we will start investing with varying levels of our financial strength to our goals in 1 year or 2 years. Patience is the key and playing buying and selling and buying and holding tactics is up to each individual.

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

We can see how the Bitcoin price has been hovering around $36k to $38 for weeks now, and nobody knows if the Bitcoin price will fall below $36k in price. Instead of waiting for the Bitcoin price to fall before you can buy it, which might lead to missing out on Bitcoin because Bitcoin does not fall to the price of your entry point. You can divide your money into three and buy Bitcoin with the three strategies which are buying the Bitcoin dip, buying when the Bitcoin price is at its peak, and buying Bitcoin with the DCA strategy. When you use these three strategies to accumulate your Bitcoin and hold your Bitcoin for 4-10 years, you will see that Bitcoin will do good.

[Patrol69]

Selling and taking profit during the bull run is not ideal because after selling, you might not be able to buy back at the price that you bought before and this will make you have less bitcoin that the initial amount that you had before selling.

Even that said time you would have entered the market could be a late one to other investors because they would have done theirs along time ago, there's a need for us to understand that bitcoin can always serve us the opportunity of an invest each time we think we are ready to invest as long as there's going to be enough time to hold, investing and selling after taking your profit is not a bad idea, as long as you're going to reinvest on bitcoin, what may be also required is for another season of holding, that's why you can enter the market at any time provided that you're willing and able to hodl.

It's never too late to invest in long-term investment because your plan is long-term, so you can plan to invest in bitcoins for a long time whenever you want. Holding your investment for a long time means that small changes in the market in a short period of time will not affect you at all, but large changes in the market over a long period of time will affect you. One must hold one's investment for a long period of time for major market swings.  

Bought Bitcoin to sell but not when. When you sell your investment then that investment cannot be called a long term investment at all.  Long-term investing is not the case that after a few days of investing, the value of your invested coins increases and you immediately sell your investment. Instead of thinking about selling the investment, think about how to hold your investment deeply.

Meaning that you don't have a bitcoin target and you are not focus on accumulating bitcoin on a long term investment.

For the benefit of those that may not be able to hodl for long, they may engage into making trades on a short range intervals, making an investment should be done at ease and will always be profitable as long as we are not rushing to invest or to sell either, we also can make use of any strategy to make the necessary preparation towards the intended duration we want to go through, just to have the best experience when we hodl.

If after investing we become restless and worried about our investment due to the volatility of the market, it is difficult for us to hold the investment for a long time. The Bitcoin market is not at all like a stable coin that will stay the same, since the beginning there is volatility in the market and people invest in this platform because of this volatility. There is temporary volatility in the market and if we get overly worried about our investment due to this temporary volatility in the market then frankly long term investment is not for us. Investing for a long time is not easy at all, before investing we may see that the road to invest for a long time is very easy but in reality when we invest we will understand that the road is not easy at all the road is very difficult. There will be many challenges in keeping your investment for a long time and you have to accept those challenges and then reach the goal.

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The main goal of long-term investing in Bitcoin is to accumulate Bitcoins. This DCA method is best for many people who want to deposit bitcoins but fail to deposit. And a lot of people sell bitcoins because of the short bullrun, which is a complete mistake, because if I hold bitcoins, I must hold them for a long time, then I can accumulate more asset.

That's why we need to have enough patience, the fact that the market has increased a little after investing should not be taken too seriously. Whenever we take a small rise in the market seriously, we will be anxious to sell our investment. As our plan is to hold our investment deeply, our aim should be that we must hold our investment for a certain period of time. If you need to meet your needs in some other way, after investing, you have to think that the amount of money that I have invested is not mine and I cannot sell my investment no matter how much money is needed. If we want to hold on to our investment, we must be a little stricter and think like this.  Once we invest, we sell that investment again, but we have to start again from the beginning to keep our investment for a long time.

[Richbased]

In trading, making profits is not guaranteed all the time so accumulating for a very long period like 10 years as you stated may not really be an obtainable idea as the future is unpredictable no one knows how the fate of the coin might turn out due to some uncertainty that surrounds the stock coin market. Making accumulation for a very long period of time might even lead to losses because in the quest of hoping that the price will skyrocket then it suddenly starts dipping so it's really not ideal to accumulate for too long as no one can speculate or predict what it's future holds.

I might understand your point but I put it to you (Richbased) that you are completely wrong. Trading is a 50-50 game and/or gambling that is never advisable to anyone expect you are so good at it as a professional trader even as that it's still not advisable, you do not have a solid claim for disputing the fact that long term holding is not good.
Bitcoin as predicted has not reached it speculated price and as such you may be lucky enough to be among those who will be favoured with the uppity of the Bitcoin price as a result of long term holding. There is more chance of profiting with long-term holding that short term, infact a 99.99 chance of success for long term holding because after accumulating Bitcoin you will be prepared for but the upward movement of Bitcoin price and the dips at the same time. when you have a good portfolio or have accumulated enough bitcoin you cannot be affected by the price of Bitcoin at anytime because for sure Bitcoin can't go less than it has gone before and it has a guarantee that it will bounce back to a good price at any give time.

The area I highlighted makes sense to me about Bitcoin haven't reached the speculated ATH, I never knew that Bitcoin have a speculated ATH although even as Bitcoin has a speculated ATH all are still speculations as no one can really predict it's future but in that case I agree with you on buying and holdling bitcoins for a long interval of time but what if after the bull market then the price of bitcoins starts dipping? In such situation, what will happen to the bitcoins that you've hodl, like isn't the dip gonna affect the bitcoins? Well I don't know but if after the bull run and it's price dips and it doesn't affect the Bitcoin that have been bought and hodl then that sounds so interesting to me because the bitcoins can actually remain in the wallet till the next bull market without being affected by the fluctuations of price in the market.

But if peradventure bitcoins reaches it's speculated ATH does it mean that one can possibly stop buying and holdling or continue because I feel that if Bitcoin should reach ATH then investors may no longer be interested in buying and holdling since the price wouldn't go any further higher again.

[JayJuanGee]

But if peradventure bitcoins reaches it's speculated ATH does it mean that one can possibly stop buying and holdling or continue because I feel that if Bitcoin should reach ATH then investors may no longer be interested in buying and holdling since the price wouldn't go any further higher again.

You can look at historical ATH levels and see that when the BTC price starts to get within 25% or so of the previous ATH, it will frequently shoot right past it, and sure there are always going to be sellers, but sometimes that BTC price does not end up coming back to those prices ever.. and if it does come back it might ONLY be for a short period of time and not really enduring... do you need some examples or do you want to look at the charts.

Actually, there is another phenomenon of so many dumbass newbies.. maybe like you, but perhaps you might even be dumber since the charts are even more extensive than they were previously, who are talking about selling at or near the previous ATH because of various reasons about how high of a price that will be and that they gotta get their money back and they can buy more when it dips and various dumbass reasons.. and maybe not even real people can really believe that stuff. but sure there are real people who are selling their coins right around the previous ATH.. and frequently losing a lot of money by selling too many coins too soon... and sure maybe this time is going to be different.. but I doubt it.. .. but you are are free to do dumb things and even say dumb things and hopefully not too many people are going to do anything similar to you but hey.. you never know.. maybe you are right, this time.. but if you are not, it might have had been good to prepare for either scenario, especially the scenario that the BTC price is likely to shoot past the previous ATH, even if there might be a few fake out corrections around that area.. perhaps? perhaps?  But perhaps not, too.

Everyone is responsible for their own investment, including their accumulation of bitcoin, their decisions to hold and their decisions to sell.  Good luck with your plan, you are probably going to need it... especially if you are expecting to have any kind of meaningful dip at the current ATH that results in a significant enough dip tp buy back and you are able to profit from that... and even if you do end up getting lucky, it would have more likely been are result of gamblers luck rather than anything that is something that anyone who is in bitcoin accumulation stages should be doing or planning to do.

[Justbillywitt]

But if peradventure bitcoins reaches it's speculated ATH does it mean that one can possibly stop buying and holdling or continue because I feel that if Bitcoin should reach ATH then investors may no longer be interested in buying and holdling since the price wouldn't go any further higher again.

From what I have read so far from historical data available on bitcoin performance each cycle, I observed that bitcoin keeps setting a new ATH. And mind you these previous ATH where once speculations, there will always be speculation about new ATH of bitcoin. Like the last ATH that was achieved during the last circle does not stop people from buying and holding bitcoin. People will continually buy bitcoin as there is always anticipation of a new ATH. No one can confidently say this is the Maximum ATH that bitcoin will attain.

[rachael9385]

In that context, I believe people will accumulate Bitcoin when the market is down and they will buy aggressively at that time.  That's quite a good thing if you have a bigger budget. But as beginners, maybe we will start investing with varying levels of our financial strength to our goals in 1 year or 2 years. Patience is the key and playing buying and selling and buying and holding tactics is up to each individual.

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

We can see how the Bitcoin price has been hovering around $36k to $38 for weeks now, and nobody knows if the Bitcoin price will fall below $36k in price. Instead of waiting for the Bitcoin price to fall before you can buy it, which might lead to missing out on Bitcoin because Bitcoin does not fall to the price of your entry point. You can divide your money into three and buy Bitcoin with the three strategies which are buying the Bitcoin dip, buying when the Bitcoin price is at its peak, and buying Bitcoin with the DCA strategy. When you use these three strategies to accumulate your Bitcoin and hold your Bitcoin for 4-10 years, you will see that Bitcoin will do good.

For me, I don't think there is any need to divide the money for investment into 3, because if you want to invest in an investment, you should put in mind that you are about to risk what you can afford to lose. But if, by any means, you know that you don't want to lose anything in an investment, then there is no need for you to invest.

Also, it is not a must to buy the dip, so I don't think there should be any need to wait for the dip before you can buy Bitcoin. As I don't really think that Bitcoin will drop back below $34k or more, so for me, I would say it is good to buy now (most people will say buy now or never) as Bitcoin is an opportunity that investors should take good advantage of, I don't see any reasons why they should wait for the dip before they buy.

Talking about the DCA, yeah, it's good to apply the DCAing strategy to Bitcoin investment by investing the little money you can after your all of your expenses and all the rest weekly, even if it's $10 per week and constantly do so for 4 to 10 years, as you have said (so, as we have 52 weeks in a year, let's multiply 52×10 (which is 10 years)=520, so it is still not UpTo $1000k).

However, as time goes on, within 4 to 10 years, the investor my get more money, so he might try to increase his investment rate (maybe $50 or $100 weekly).

[Mayor of ogba]

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.

I have learned so much from you and others who has contributed. I must say I have a great respect for you. It is only a man that is not willing to grow that will not take correction when he/she is going the wrong way. Clearly from your explanations I have now realized that my approach in my bitcoin accumulation was wrong and I have to make adjustment towards and make use of DCA while I continue my bitcoin accumulation.

Mate, there is nothing wrong with taking a correction because it is through correction that growth comes. We are all here in the Buy the Dip and HODL thread to guide each other in the best strategy to use and accumulate our Bitcoin. I have learned from this thread and also put it into practice and I discovered that accumulating Bitcoin through the DCA strategy is the best to use in accumulating Bitcoin because DCA helps to control the volatile part of Bitcoin, and also gives you the energy to keep on accumulating your Bitcoin anytime there is enough money to buy Bitcoin. For Instance, if you have accumulated Bitcoin worth $200, and there is a dip in the price of Bitcoin, you could only be in a $5 loss because you bought your  Bitcoin at different prices through DCA the strategy, this is one of the good parts of the DCA strategy.

[ginsan]

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

If you understand correctly what I have explained, maybe you can take the right points. I mean if someone divides their funds into three categories Lump sum, Buy on dips and DCA of course they will not have difficulty under any circumstances because they can make purchases in accumulating Bitcoin. Buying regularly by applying DCA is a good choice when the market is sideway and when it turns bullish we can take advantage of the decline by increasing purchases a little more aggressively.

In the long term process of course we have many opportunities to buy on dips and do DCA and what we need to do is maintain our financial balance and accumulate purchases consistently. For that reason, I also agree with you that delaying purchases is not a very good thing because someone who delays purchases usually has deep doubts that prices will change faster than what he expected.

[Wind_FURY]

The topic has become a debate of buy the DIP vs. DCA, but it won't truly matter what you "must do". You just do what you want to do or what you're comfortable doing. Plus how you buy will never be as important as what you do after it, which is HODL. If you can't HODL and have a low time preference for Bitcoin, then you have already failed.

Ask yourself, why are central bankers offended by the existence of Bitcoin like it's a declaration of war against them? I honestly don't know why, but if they really hate it and discourage people from owning it, then it's probably doing something right.

[Hatchy]

Ask yourself, why are central bankers offended by the existence of Bitcoin like it's a declaration of war against them? I honestly don't know why, but if they really hate it and discourage people from owning it, then it's probably doing something right.

It's obviously because Bitcoin has clearly achieved what central bankers struggle to do with fiat money. They discourage Bitcoin ownership to conceal their inability to safeguard people's funds. Bitcoin's perceived threat lies in its operation outside traditional financial systems, challenging established authorities and raising concerns about financial stability and regulatory control.

Certainly, if your approach to acquiring Bitcoin involves Dollar-Cost Averaging (DCA) or any other method, the crucial aspect is the ability to withstand market dynamics for the long term. It's not merely about the method of acquisition but, more importantly, about the commitment to hodl through market fluctuations. Deviating from this commitment may lead one to transition from the realm of a long-term hodler, with a steadfast vision, into the category of a short-term hodler or trader. Success in the realm of a Bitcoiner often hinges on the resilience to adhere to a long-term perspective despite the continuous volatility of the market.

[Roseline492]

The topic has become a debate of buy the DIP vs. DCA, but it won't truly matter what you "must do". You just do what you want to do or what you're comfortable doing. Plus how you buy will never be as important as what you do after it, which is HODL. If you can't HODL and have a low time preference for Bitcoin, then you have already failed.

Ask yourself, why are central bankers offended by the existence of Bitcoin like it's a declaration of war against them? I honestly don't know why, but if they really hate it and discourage people from owning it, then it's probably doing something right.

Your right because irrespective of our normal discussion about buying the Dip and Holding plus the DCA strategy what matters is the ability to buy Bitcoin because dip, holding and DCA are all intertwine, they all work together, so however those method and strategies are just stated as a guideline that give us the benefits of of seeing the method of investment in diverse ways that could help us adapt to any ways of accumulation of bitcoin in any particular situation or circumstances without being affected on the process.

So just like what you said, the most important is what you feel is okay for you in times of accumulation of Bitcoin through the use of the above strategies as guidelines on our investment journey.

[Mayor of ogba]

In that context, I believe people will accumulate Bitcoin when the market is down and they will buy aggressively at that time.  That's quite a good thing if you have a bigger budget. But as beginners, maybe we will start investing with varying levels of our financial strength to our goals in 1 year or 2 years. Patience is the key and playing buying and selling and buying and holding tactics is up to each individual.

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

We can see how the Bitcoin price has been hovering around $36k to $38 for weeks now, and nobody knows if the Bitcoin price will fall below $36k in price. Instead of waiting for the Bitcoin price to fall before you can buy it, which might lead to missing out on Bitcoin because Bitcoin does not fall to the price of your entry point. You can divide your money into three and buy Bitcoin with the three strategies which are buying the Bitcoin dip, buying when the Bitcoin price is at its peak, and buying Bitcoin with the DCA strategy. When you use these three strategies to accumulate your Bitcoin and hold your Bitcoin for 4-10 years, you will see that Bitcoin will do good.

For me, I don't think there is any need to divide the money for investment into 3, because if you want to invest in an investment, you should put in mind that you are about to risk what you can afford to lose. But if, by any means, you know that you don't want to lose anything in an investment, then there is no need for you to invest.

Also, it is not a must to buy the dip, so I don't think there should be any need to wait for the dip before you can buy Bitcoin. As I don't really think that Bitcoin will drop back below $34k or more, so for me, I would say it is good to buy now (most people will say buy now or never) as Bitcoin is an opportunity that investors should take good advantage of, I don't see any reasons why they should wait for the dip before they buy.

Talking about the DCA, yeah, it's good to apply the DCAing strategy to Bitcoin investment by investing the little money you can after your all of your expenses and all the rest weekly, even if it's $10 per week and constantly do so for 4 to 10 years, as you have said (so, as we have 52 weeks in a year, let's multiply 52×10 (which is 10 years)=520, so it is still not UpTo $1000k).

However, as time goes on, within 4 to 10 years, the investor my get more money, so he might try to increase his investment rate (maybe $50 or $100 weekly).

There is a situation where you will find yourself, the need to divide your money into three equal parts in other to accumulate Bitcoin will be needed. For instance, if you want to buy Bitcoin at $36k, and the current price of Bitcoin is $40k, and all of a sudden the price of Bitcoin moves to $46k, instead of you waiting for the price to dip to $36k so that you can buy it. If you have enough money you can divide it into three equal parts so that you can use it for a lump sum buy, buy when there is a dip in Bitcoin price, and buy with the DCA strategy. Buying Bitcoin with these three strategies will help you not to miss out on Bitcoin because you are waiting to buy Bitcoin at a lower price.

[adultcrypto]

The topic has become a debate of buy the DIP vs. DCA, but it won't truly matter what you "must do". You just do what you want to do or what you're comfortable doing. Plus how you buy will never be as important as what you do after it, which is HODL. If you can't HODL and have a low time preference for Bitcoin, then you have already failed.

Ask yourself, why are central bankers offended by the existence of Bitcoin like it's a declaration of war against them? I honestly don't know why, but if they really hate it and discourage people from owning it, then it's probably doing something right.

At the end, this boils down to what one is comfortable with and this makes the argument not a big deal. But truth be told, the comparison and arguments has enable many people to see beyond what they knew before by using points raised by others and their experiences to compare the advantages and disadvantages of the various methods.

When I learnt about the DCA method, I fell in love with it and started applying it until I realised I have not gotten the quantity of Bitcoin I planned getting before the end of this year. The DCA method may help but I feel as we move towards the end of the year, prices might begin to rise and this will reduce the quantity of Bitcoin I could get. By asking myself what will be the essence of holding the money when I could just put it in when I see a decent price. So I made some adjustment which is buying more using instant buy while still maintaining my DCA amount even up to this moment. This change of style was inspired by a discussion here where some people confirm that they were combining the DCA method and buying the dip. So I tried it and it worked for me.

[Odohu]

At the end, this boils down to what one is comfortable with and this makes the argument not a big deal. But truth be told, the comparison and arguments has enable many people to see beyond what they knew before by using points raised by others and their experiences to compare the advantages and disadvantages of the various methods.

When I learnt about the DCA method, I fell in love with it and started applying it until I realised I have not gotten the quantity of Bitcoin I planned getting before the end of this year. The DCA method may help but I feel as we move towards the end of the year, prices might begin to rise and this will reduce the quantity of Bitcoin I could get. By asking myself what will be the essence of holding the money when I could just put it in when I see a decent price. So I made some adjustment which is buying more using instant buy while still maintaining my DCA amount even up to this moment. This change of style was inspired by a discussion here where some people confirm that they were combining the DCA method and buying the dip. So I tried it and it worked for me.

You are very correct on this. The DCA method can be combined with buying the dip to give fantastic results. There is no harm in trying something new as long as it is aimed at accumulating more Bitcoin in a more efficient way. I am not ignoring the discipline that the DCA method requires. Buying the dip while still doing the DCA method does not violate any of the rules or requirements of each of them.

Base on your comment, I will also device means of adding to my holding before the end of the year because the prices is not showing any sign of slowing down soon. Like you said, when the fund is there, what is the essence of keeping it in the bank!

[Dr.Bitcoin_Strange]

In that context, I believe people will accumulate Bitcoin when the market is down and they will buy aggressively at that time.  That's quite a good thing if you have a bigger budget. But as beginners, maybe we will start investing with varying levels of our financial strength to our goals in 1 year or 2 years. Patience is the key and playing buying and selling and buying and holding tactics is up to each individual.

For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach

What I noticed is that some people don't invest in Bitcoin at all, either because they don't have the money to invest at that moment when the price is still low or because they don't fully have knowledge about investing in Bitcoin. Whoever is experienced in the Bitcoin space would know that even with the current price of Bitcoin, it's a low price compared to the previous ATH of Bitcoin in the last bull market, and now is the time that we are again matching close to the Bitcoin halving season, which will likely give rise to a bull market. No one can accurately be sure if the price of Bitcoin will dip below the current price, and that's why when you hear, "Buy the dip," you should buy the very dip you are seeing at that moment. Even if you are hoping to see a very low price, you can still use DCA to buy some fractions, so that if the price doesn't drop further, you will not get disappointed.

[Falconer]

-snip-

You are very correct on this. The DCA method can be combined with buying the dip to give fantastic results. There is no harm in trying something new as long as it is aimed at accumulating more Bitcoin in a more efficient way. I am not ignoring the discipline that the DCA method requires. Buying the dip while still doing the DCA method does not violate any of the rules or requirements of each of them.

Base on your comment, I will also device means of adding to my holding before the end of the year because the prices is not showing any sign of slowing down soon. Like you said, when the fund is there, what is the essence of keeping it in the bank!

Yep, I like hearing that and I agree that you understand very well how much loss someone will have who chooses to keep their budget in the bank. I haven't kept fiat in the bank for too long, it was a bad idea for me.

Buying dip and dca is an option, that's because you can buy a lump sum on the dip. No matter how disciplined you are in your investment strategy, the point is to buy and hold until your target is achieved. I buy dip and dca on many occasions, but I also buy lump sums in certain circumstances such as when bitcoin gets a dump of more than 10%. It's just a rare opportunity that you need to take advantage of in investing.

[Frankolala]

trading is one of the most common place where people makes profits

Only few traders make profit from trading and moreover this thread is a bitcoin accumulation thread and not trading because trading can't be taken as a full-time job. Beginners and low coiners don't need to think about trading but how to increase their bitcoin portfolio to their bitcoin target through regular DCA.

But know it that gambling can never be equated as trading because gambling is more of probability and chance based game instead of trading

You might be right, but I see them as similar thing because no one can predict bitcoin price movement accurately and trading is very complex. Most people hump into trading without understanding a dime of it as same with gambling because they fill that they can make quick profit from them. They both have high risks.

If after investing we become restless and worried about our investment due to the volatility of the market, it is difficult for us to hold the investment for a long time.

This is the reason why you are only to invest with only the amount that you can afford to lose to eliminate the fear in you. Also using DCA strategy will lower the risk of investing.

In such situation, what will happen to the bitcoins that you've hodl, like isn't the dip gonna affect the bitcoins?

The dip is not going to affect the bitcoin in your wallet, but it will only affect the value of bitcoin because 1btc = 1btc.
This is why you should take advantage of the dip and buy in discount price so that when the value of bitcoin increases, it will favor you.

But if peradventure bitcoins reaches it's speculated ATH does it mean that one can possibly stop buying and holdling or continue because I feel that if Bitcoin should reach ATH then investors may no longer be interested in buying and holdling since the price wouldn't go any further higher again.

Have you ever thought that no matter how high the price of bitcoin is there are always people that are ready to buy bitcoin, if not nobody will buy bitcoin at ATH and how will those people that love selling will sell, if there is no buy. Apart from profit you should also see that bitcoin is an hedge to inflation and a store of value. Maybe this is also worth buying bitcoin at any price level instead of leaving your funds in fiat for it to depreciate.

For me, I don't think there is any need to divide the money for investment into 3, because if you want to invest in an investment, you should put in mind that you are about to risk what you can afford to lose. But if, by any means, you know that you don't want to lose anything in an investment, then there is no need for you to invest.

Because you don't like it doesn't mean that it is not effective. As a matter of fact, any investor using these three strategies will be able to accumulate more bitcoin than someone using only one accumulation strategy. It will also give you a better experience on how to tweak with the market base on your present cash inflow and your bitcoin portfolio size. A beginner can start with DCA method of accumulation but after 2yrs he can change to other methods, it is good to change tactics of buying.

[ginsan]

What I noticed is that some people don't invest in Bitcoin at all, either because they don't have the money to invest at that moment when the price is still low or because they don't fully have knowledge about investing in Bitcoin. Whoever is experienced in the Bitcoin space would know that even with the current price of Bitcoin, it's a low price compared to the previous ATH of Bitcoin in the last bull market, and now is the time that we are again matching close to the Bitcoin halving season, which will likely give rise to a bull market. No one can accurately be sure if the price of Bitcoin will dip below the current price, and that's why when you hear, "Buy the dip," you should buy the very dip you are seeing at that moment. Even if you are hoping to see a very low price, you can still use DCA to buy some fractions, so that if the price doesn't drop further, you will not get disappointed.

Sometimes people don't understand what Bitcoin is and they don't learn to understand it. If they are truly involved in Bitcoin, of course they will invest in Bitcoin. Op has provided an overview of continuing to accumulate Bitcoin and hold them. And that's why we have to look at the long-term prospects of Bitcoin investment. Over the last few years Bitcoin has grown quite strongly with mass adoption and with a limited supply it will provide a fact that when buyers increase and holders increase then the price will rise significantly. So for that moment we have to prepare ourselves by buying on dips and holding in the long term.

Many people regret delaying purchases because sometimes they think prices will fall again but in reality prices continue to rise when compared with prices at the end of last year and today prices. Bitcoin in June or July was under $30k and stayed there for quite a long time and that's why we have to take advantage of the situation to buy regularly. And at today price Bitcoin is trading at $37k that's a quick profit if you have to measure quickly.

[JoyMarsha]

Basically Bitcoin needs plan. And in my point of view anyone has Bitcoin or he is buying with DCA method so I think he should never sell all the Bitcoins at once. He always hold some amount of Bitcoins. And if anyone will believe on Bitcoin and will Hold for 4-10 years or even more so definitely Bitcoin will give benifits of his/her believing.

It's wise counsel for anyone considering selling all of their bitcoin to hold off on doing so by keeping some. However consider this, someone might decide to sell all of their bitcoin at a high price at once and wait for a bear market to occur when the price of bitcoin drops, at which point they could buy some bitcoin to hodl until the next bull run starts.

All of us, however, have our own strategies for accumulating and selling our bitcoin holdings whenever it is appropriate for us. It's not a guarantee that hodling bitcoin for years will prevent its price from falling to a point where it's affordable to purchase during a bear market since the bear market serves as an opportunity to buy bitcoin at a low price.