Buy the DIP, and HODL!

[JayJuanGee]

[edited out]

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.

I doubt that you are wrong about anything that you are saying, yet at the same time you are describing matters a bit strange in terms of possible rules that might apply regarding what any person might choose to do, when s/he is actually under full discretion to do whatever s/he wants to do including trying to follow strict forms of DCA or to tailor some kinds of DCA to his/her own circumstances, and or to bounce between Lump sum investing, buying on dips, DCA and HODL.

So some of us might suggest: Why don't you just stick with DCA until you get to a certain amount of BTC that represents a whole year of your salary/ yearly expenses, and then rethink the matter after that?  Others might say that is too strict, and maybe just follow DCA for a whole year and then rethink that matter after that.  Others might consider that they are not going to feel good  to employ DCA because they had injected a lump sums at four points of their BTC investment journey (1) right at the beginning of their getting into BTC, 2) 3 months after DCAing  3) 9 months into the investment and then 4) 15 months after starting the investment journey. 

So in that case, the person may have been DCAing the whole time, but also influenced by the DCA choices, and was motivated to set up some funds for buying on dips... or maybe to modify the amounts that the were DCA'ing in order to save 1/3 of their available cash to hold aside for buying on dips and the other 2/3 would be put towards DCA.  Maybe I would just suggest that if you had used some word choices about best practices in regards to certain kinds of ways of combining different strategies, then you might have been better off than saying that there were rules, but even the idea of best practices kind of suggests that deviating from the supposed best practices would be deviating from rules. .

...and so maybe changing the language would really save you from the better ways of not really suggesting that anyone has to follow rules in order to do things right, but surely we might criticize anyone's approach if they call something DCA that really is not DCA because it is buying on dip or maybe structuring buys in ways that are within a kind of price prediction framework which might still kind of be DCA but seems to be a kind of buying on dip framework, which is not necessarily a bad thing.. including the slippery slopes that guys might end up getting into in terms of reducing their DCA by more and more and more as the BTC price goes up and then maybe they start to think about selling instead of buying, which may or may not be a good idea, but surely we would suggest that is both deviating from DCA but also taking buying on dip to another level that devolves into trading and maybe some other less preferable practices, even though again people can do whatever they like in the end, even though maybe some of us here are might be suggesting that they are not really even following better accumulation strategies, even though they might end up getting lucky and timing their sell and their buy back in such a way that does not end up screwing up their system.. so there are degrees, and probably many of us would still lecture those people for setting a bad example.. even though they can do what they want..

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!

That would be a good example of choosing not to overly prepare for buying on dips, since holding some money aside might be considered as a means to prepare for buying on dips, and surely sometimes, we might be considering how much do we want to hold for buying on dips, and so at some point, for example, we might tell our selves that based on our own particulars, it is o.k. to have $600 set aside for buying on dips because "I already have it set for certain price points", but then maybe if the buying on the dip fund ends up getting up to $1k, then that is too much to be holding in reserves, so I am not going to wait for a dip for all of that, and I am going to spend $300 of it within the next two week to buy BTC and the other $100 I will just let that amount float in a kind of in-between (or a flexible) status.

[1714659721]

1714659721

[1714659721]

1714659721

[Popkon6]

Yeah actually let me try if I can answer your question, so however first you need to understand the word diversification  it means expanding or enlarging your investment to some other things, but however chosen altcoins to invest could also be known as diversification because irrespective of there general name which is crytocurrency but they have different sub names, but however I would not advised you to invest on altcoins as a diversification because they are not worth it.

If you are looking for were to diversify some of your investment, altcoins shouldn't be an option or perhaps you could just stick to only on Bitcoin.

The expanded understanding of investment that you say sounds quite good and also very profitable, but because the direction of the advice can also be related to altcoins, I would prefer to use altcoins to trade in the short term or daily because the profits I can get from altcoins can also I converted it to Bitcoin so that my number of Bitcoins can continue to increase because my focus is actually only Bitcoin, not altcoins whose potential is very uncertain at various moments.

We often plan but things don't go according to plan. Turns out we planned one thing and something different happened to us. It sounds great that buying alt coins and selling them at a higher price means you're investing in Bitcoin, but it might be the opposite of what you think. Suppose you buy ALT Coins in short term plan and after purchase you lose much more than you expected instead of profit but you cannot sell ALT Coins at loss and also you cannot invest Bitcoin. I think we should invest in Bitcoin directly without thinking so much. The profit you think you made with ALT Coins you make directly with Bitcoin and it will be safe for you. I don't think it is safe at all to buy ALT coins in hopes of making some profit. Bitcoin is the most reliable digital currency so trust Bitcoin, buy Bitcoin, hold that Bitcoin deep and you are worry free. Since there is no fixed investment level, you can increase your investment anytime you want, so buying Bitcoin will be a good decision for you.

This has been very clear for a long time, mate, there are even thousands of altcoins that have died and disappeared from the market, so this has made Bitcoin a very clear investment direction and also very profitable because it will not experience bad things like what happened to you. There are many altcoins and other shitcoins in the market.

If we are in a dilemma about which coin to invest in, whether it's thinking about investing, thinking about Bitcoin, thinking about ALT coins, then we have to understand that we have very little idea about everything. It is easy to decide where to invest even for those who have minimal understanding of the market. If there was only one option to invest that must be to invest in ALT coin then it is a different matter but where there are options to invest in Bitcoin it is definitely foolish to think of investing in other coins in the market. If you have love for your money and don't want to lose your money, you must invest in Bitcoin and if you expect something good from the investment, you must keep the investment for a long time.

You can never survive investing with Altcoins. Altcoins are not long-term holdings because the altcoin market is always bearish. Investing in Altcoins always has a high chance of losing 100% of your wealth. Among them are coins like FTX, Luna and many others that have completely disappeared from the market. And the wealth of thousands of people has turned into zero balance. So it is better to stay away from Altcoin investment.

That's true and sometimes some people only use altcoins to increase the amount of Bitcoin they have in their wallet because some people are already happy with Bitcoin and are also happy with Bitcoin investments. Then the profits from other things from the crypto market will be turned back into Bitcoin so that the amount of investment will also increase over time, so we also have to have ways to utilize less useful things like altcoins in order to increase the actual goals we want.

There are many ways to make your bitcoin investment rich, where there are many ways to make your investment rich why should we invest in ALT coins to ensure maximum risk of our money. Investing in ALT coins where there is doubt about getting a return on that investment how do you expect to invest in Bitcoin with a portion of the profit you get from that investment. Make investing easy without looking so hard Investing in Bitcoin for the long term makes it so easy that you don't need to look at investing so hard. If you plan to hold Bitcoin for a long time, you can buy Bitcoins with any amount of money at any time in the market because there is always an opportunity to increase the amount of investment.

Altcoins are always risky especially for long-term investments. Because in my opinion FTX, Luna Coin etc. have completely disappeared from the market, this is the biggest proof that AltCoin is definitely a risky investment.

Investing in Bitcoin allows you to invest freely because the investment depends on you. It is best to hold the amount of money you buy Bitcoin for a long time. Investing in Bitcoin will reduce your risk because it is a trusted coin, which has been in the market for a long time and its high momentum attracts investors the most.

[Litzki1990]

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.

There are many new members who are very interested in investing in Bitcoin but they don't have enough money to invest so they can't invest in Bitcoin. Even if there is no money to invest, many manage money to invest in different ways. I've heard stories of investors who sold their bicycles and invested in bitcoins, others saved tuition fees or semester money and invested in bitcoins instead of paying for tours.  
Those who invest in bitcoins, rather than saving money for their tuition fees, saving semester money, and fulfilling their hobby, have enough faith and trust in their investment.  

Now maybe a guy is investing in Bitcoin instead of buying a bike with money that he could have bought a bike with and plans to hold that investment deep. Now he may not be able to fulfill it all for a while but in the future when he will get a big profit from his investment but he will be able to buy a super bike instead of a bike.  

Patience is very important in investing, a small sacrifice should be accepted temporarily if the future is likely to be good. If an investor plans to hold the investment deep, I don't think he should wait for the market to go down, because deep investing will continue to do so.

[Bd officer]

There are many new members who are very interested in investing in Bitcoin but they don't have enough money to invest so they can't invest in Bitcoin. Even if there is no money to invest, many manage money to invest in different ways. I've heard stories of investors who sold their bicycles and invested in bitcoins, others saved tuition fees or semester money and invested in bitcoins instead of paying for tours.  
Those who invest in bitcoins, rather than saving money for their tuition fees, saving semester money, and fulfilling their hobby, have enough faith and trust in their investment.  

Now maybe a guy is investing in Bitcoin instead of buying a bike with money that he could have bought a bike with and plans to hold that investment deep. Now he may not be able to fulfill it all for a while but in the future when he will get a big profit from his investment but he will be able to buy a super bike instead of a bike.  

Patience is very important in investing, a small sacrifice should be accepted temporarily if the future is likely to be good. If an investor plans to hold the investment deep, I don't think he should wait for the market to go down, because deep investing will continue to do so.

You're right, I've heard stories like this, it happened to me too. Bitcoin is currently the most popular cryptocurrency. Those who get the first idea of ​​Bitcoin, become interested in investing in Bitcoin. I first heard about Bitcoin from a friend of mine. After gaining knowledge on Bitcoin, I became very interested in investing in Bitcoin. I didn't have any job then, I was doing tuition along with my studies. I was worried about how to invest in Bitcoin. But I saved money from tuition and invested in Bitcoin. I felt happy when I was able to invest in Bitcoin.

Many people become interested in investing in bitcoins without making an income. Before actually investing in Bitcoin, it is always better to find a source of income. Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

[Mayor of ogba]

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 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.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

[Publictalk792]

I doubt that you are wrong about anything that you are saying, yet at the same time you are describing matters a bit strange in terms of possible rules that might apply regarding what any person might choose to do, when s/he is actually under full discretion to do whatever s/he wants to do including trying to follow strict forms of DCA or to tailor some kinds of DCA to his/her own circumstances, and or to bounce between Lump sum investing, buying on dips, DCA and HODL.

So some of us might suggest: Why don't you just stick with DCA until you get to a certain amount of BTC that represents a whole year of your salary/ yearly expenses, and then rethink the matter after that?  Others might say that is too strict, and maybe just follow DCA for a whole year and then rethink that matter after that.  Others might consider that they are not going to feel good  to employ DCA because they had injected a lump sums at four points of their BTC investment journey (1) right at the beginning of their getting into BTC, 2) 3 months after DCAing  3) 9 months into the investment and then 4) 15 months after starting the investment journey. 

So in that case, the person may have been DCAing the whole time, but also influenced by the DCA choices, and was motivated to set up some funds for buying on dips... or maybe to modify the amounts that the were DCA'ing in order to save 1/3 of their available cash to hold aside for buying on dips and the other 2/3 would be put towards DCA.  Maybe I would just suggest that if you had used some word choices about best practices in regards to certain kinds of ways of combining different strategies, then you might have been better off than saying that there were rules, but even the idea of best practices kind of suggests that deviating from the supposed best practices would be deviating from rules. .

...and so maybe changing the language would really save you from the better ways of not really suggesting that anyone has to follow rules in order to do things right, but surely we might criticize anyone's approach if they call something DCA that really is not DCA because it is buying on dip or maybe structuring buys in ways that are within a kind of price prediction framework which might still kind of be DCA but seems to be a kind of buying on dip framework, which is not necessarily a bad thing.. including the slippery slopes that guys might end up getting into in terms of reducing their DCA by more and more and more as the BTC price goes up and then maybe they start to think about selling instead of buying, which may or may not be a good idea, but surely we would suggest that is both deviating from DCA but also taking buying on dip to another level that devolves into trading and maybe some other less preferable practices, even though again people can do whatever they like in the end, even though maybe some of us here are might be suggesting that they are not really even following better accumulation strategies, even though they might end up getting lucky and timing their sell and their buy back in such a way that does not end up screwing up their system.. so there are degrees, and probably many of us would still lecture those people for setting a bad example.. even though they can do what they want..

There are not a right or wrong way to invest in Bitcoin. It is important to explore different strategies...and find what work best for you. Everyone different mind so what works for one person may can not work for another.

I also understand that some people choose to put a lot of money into their investments at different times.This can give them more relax....and the chance to buy when prices are low. Combining this approach with regularly put money on time can work well for some peoples.

I like your suggestion of sticking with  DCA (Dollar Cost Averaging) until you have a amount of Bitcoin that represents a year salary or expenses....this is a good approach that can make you feel more secure. May be some people may find it too strict and may prefer to change their strategy after a year of DCA ( with their own minds).

And...it is important to remember that there are no set rules when it comes to investing.The most important thing is to find a strategy that fits with your goals how much risk you can bear...and your financial situation.

[promise444c5]

Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment. 

[Odohu]

Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

Do you really feel you can make investment with the intention of losing the money? If you have the conviction that you will lose the money, it should not be called investment but gambling. I have come to realise that the phrase "what you can afford to lose" may not be right for investment especially an asset like Bitcoin that we do not have record of anyone, who treat it as investment, losing money. So I think the right way to put it is to invest what one does not have urgent need of such that the investment can be held for long without affecting the investors living condition and basic needs. I got wind of this new twist after observing several deliberations in this thread and others and I have come to the conclusion that many people urging people to only invest what they can afford to lose, does not even have any money they are willing to lose.

Those who have the mindset of holding Bitcoin are never afraid of loses because Bitcoin has this unique way of bouncing back even after prolonged down trend. So far, Bitcoin have consistently proved them right that loses in Bitcoin is more pronounced for short term holders.

[Justbillywitt]

Do you really feel you can make investment with the intention of losing the money? If you have the conviction that you will lose the money, it should not be called investment but gambling. I have come to realise that the phrase "what you can afford to lose" may not be right for investment especially an asset like Bitcoin that we do not have record of anyone, who treat it as investment, losing money. So I think the right way to put it is to invest what one does not have urgent need of such that the investment can be held for long without affecting the investors living condition and basic needs. I got wind of this new twist after observing several deliberations in this thread and others and I have come to the conclusion that many people urging people to only invest what they can afford to lose, does not even have any money they are willing to lose.

Those who have the mindset of holding Bitcoin are never afraid of loses because Bitcoin has this unique way of bouncing back even after prolonged down trend. So far, Bitcoin have consistently proved them right that loses in Bitcoin is more pronounced for short term holders.

I think people usually use the term invest what you can afford to lose in Bitcoin investment because, Bitcoin is an investment. Just like every other investment Bitcoin is also associated with it's own risk. You know there is no investment in this life that doesn't have it's own risk. The higher the risk the higher the ROI. That Bitcoin has continually bounced back from every dip doesn't eliminate the investment risk associated with it.

[Raflesia]

You can never survive investing with Altcoins. Altcoins are not long-term holdings because the altcoin market is always bearish. Investing in Altcoins always has a high chance of losing 100% of your wealth. Among them are coins like FTX, Luna and many others that have completely disappeared from the market. And the wealth of thousands of people has turned into zero balance. So it is better to stay away from Altcoin investment.

That's true and sometimes some people only use altcoins to increase the amount of Bitcoin they have in their wallet because some people are already happy with Bitcoin and are also happy with Bitcoin investments. Then the profits from other things from the crypto market will be turned back into Bitcoin so that the amount of investment will also increase over time, so we also have to have ways to utilize less useful things like altcoins in order to increase the actual goals we want.

That would be a little more naive i think because after all, with methods like that. It will disrupt your original plan, especially if the focus is on bitcoin.
I mean when the focus is on bitcoin then it is better to focus on that goal because if in the end there is a switch and do in altcoins with the hope that the profits can be moved to bitcoin even though the intention is good but the method is wrong.
The altcoin situation is more bloody and the risk is very large if forced so instead of doing things that have a greater risk like that why not focus on just one place, namely bitcoin. I will not prohibit anyone from being in bitcoin but think carefully because we don't have to do gambling in the hope that altcoins can provide more benefits in order to be in bitcoin.

[Ndabagi01]

Many people become interested in investing in bitcoins without making an income. Before actually investing in Bitcoin, it is always better to find a source of income. Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

No one is saying you should not invest what you can afford to lose, but what most people mean is that investing in any other coin other than bitcoin is a gamble, and it is not guaranteed that they will make a good profit in the long run as much as they can when investing in bitcoin. Bitcoin has proven to be a dependable investment over time, and this has been proven not once, nor twice. So why invest in a project where you are unsure of the outcome after waiting for so long? Investing in what you can afford to lose simply means investing in altcoins that you can afford to los. If you’d invested in bitcoin, it will be, how long you can afford to wait for your investment to grow before before selling them for profit.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

You are correct, but you should not be adamant about keeping the investment after you've already made a certain good profit from it, while ignoring some important life issues because you want your investment to rise above what you've already earned. Bitcoin's price will continue to rise as expected, but that doesn't mean you can't sell when you've made a good profit, especially if the market is no longer in a bullish trend and is already showing signs of bearishness, which could last for a while or be caused by the market's volatile nature. This is common after the bull run season, so you can sell some without thinking about it if you want to since you’ve already made a good profit from the investment which was the reason for the investment in the first place.

[Roseline492]

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.

holding Bitcoin will never withhold or prevent the Bitcoin price from falling because holding has nothing to do with Bitcoin price and perhaps that's not even the reason of holding. We know how Bitcoin price can be very volatile sometimes so the only way we can keep our mind at peace is by holding because if you decide to chase the price movement you could end up getting cut by the market.

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

[Richbased]

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 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.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

I quite understand what you mean but my question now is that for how long can we hodl our Bitcoin? Is it till when it has achieved a stable ATH or we keep on buying and Hodl because I feel that there may be a certain stage whereby the price of Bitcoin may not go higher again and possibly maintain a stable price so at that point if one is still holdling bitcoins it doesn't add any value to it rather it can be used to perform transactions from one Bitcoin holder to another since our mission for acquiring more Bitcoin is to put an end to fiat and the centralized method of performing banking activities.

We can actually buy and hodl Bitcoin for as long as it hasn't reach a stable ATH because that's the only way that it's value and volatility is on a higher demand and the only way to achieve mass adoption of Bitcoin is if so many investors must have acquired a huge amount of Bitcoin then we can possibly use it as a medium of exchange that will replace the use of fiat that has caused more harm than good over the years. Fuck fiat as Bitcoin has come to conquer and together we will achieve it.

Bitcoin is really gonna be a life changer to many if we keep acquiring more of it because by so doing that's the only way that it can gain more value and relevance. One thing I like about Bitcoin is the introduction of Blockchain technology as the activities of each individual can be visible by other network of each blocks thereby there will be limitation of frauds and transactions hitches and transactions are being confirmed by large numbers of Bitcoin miners so it is really a fare environment for all.

[liuka]

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 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.

I agree with you that holding Bitcoin for years will not prevent the price of Bitcoin from not falling, but hodling Bitcoin for years will play an important role in your Bitcoin hodling because there will be a time when Bitcoin price will never fall below $50k, and if you are still hodling your Bitcoin till that time you will not have to buy Bitcoin on a high price. But if you sell your Bitcoin before that time and you want to buy it again, you will have to spend a good fortune before you can accumulate a reasonable quantity of Bitcoin because the price of Bitcoin will be excessively high.

Buying is quite easy by just pressing the buy button but to hold in the long term requires patience and that is why an investor who can hold in the long term is the winner in the end. Buying all at once or holding it for a long time is something that must be within ourselves, how we must ward off fud, worry in our minds. And also be able to look for loopholes to be able to survive in declining market conditions and many negative factors as happened last year.
Beginners must study as well as possible in preparing themselves to become true holders and all strategies should be the best that can be used to start investing in Bitcoin. Beginners can learn a lot about bitcoin and learn better ways to invest such as using DCA.
Sometimes opinions differ on how they buy in accumulating Bitcoin but that is not a big problem because in one hope we all target buying in dips and holding it in the long term.

[rachael9385]

Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment. 

Mostly, FUCK TRADING, a Bitcoin trader is someone who doesn't have patience to hold his or her Bitcoin for dear life.

However, I don't think that those who want to get rich with a twinkle of an eye can hold Bitcoin for dear life (hold for 5 to 10 years). That is why many of them have been involved in Bitcoin trading. Why I don't like trading is because it is just another means of gambling.

Yea, it's true to invest what we can afford to lose, but that doesn't mean that even if you can afford to lose a million dollar box, you should put it into trading, as we may know that it is not an easy task for one to accumulate, UpTo 1 BTC, so there is no need to trade the little Bitcoin that you have as you can't gain UpTo 1 BTC or a half BTC from trading.

With patient, accumulating and holding, you can get up to 1 or a half Bitcoin only if you are so serious about achieving it, but in trading Bitcoin I don't see how you can get up to a half or 1 Bitcoin from Trading. It might be because I don't give a fuck about it. That's why I am saying this, but I am kinda sure of it though.

One thing I know for sure is that any investor that really wants to hold for long is not to watch the price of Bitcoin on a regular basis because there might be a time when he or she might be scared or tempted to sell his or her coins, but if the investor is not there to check the price of Bitcoin, I don't think that he or she will eventually plan to sell because Bitcoin is dropping (I am just saying here that watching the price of Bitcoin regularly is not a good endeavor).

[JayJuanGee]

[edited out]

There are not a right or wrong way to invest in Bitcoin. It is important to explore different strategies...and find what work best for you. Everyone different mind so what works for one person may can not work for another.

It seems to me that we are attempting to bat around what we believe to be the better of practices, so sometimes we give examples and describe what might be the better practices.  One of the difficulties is not to be able to determine for another person in terms of how much to allocate and how well s/he should examine his/her cashflow in order to assure how much discretionary income is left over after expenses and making sure that the emergency fund is correct.

So it seems that there are better practices,.. otherwise, if the situation was "just do whatever you like", then we probably would not be spending so much time batting around the various ideas and the various things that should be considered..

I also understand that some people choose to put a lot of money into their investments at different times.This can give them more relax....and the chance to buy when prices are low. Combining this approach with regularly put money on time can work well for some peoples.

If we say some people, then we figure out that some people do all kinds of shit, and maybe that is why we either describe matters in terms of hypothetical or in terms of our own practices... Did you want to say what you are doing?  or just vaguely talk about what some people might be doing in a kind of theoretical way?..

I like your suggestion of sticking with  DCA (Dollar Cost Averaging) until you have a amount of Bitcoin that represents a year salary or expenses....this is a good approach that can make you feel more secure. May be some people may find it too strict and may prefer to change their strategy after a year of DCA ( with their own minds).

O.k.. this is better.  So you are saying that once you get to a year's salaray accumulated, then you reassess how you might plan to go from there.  Nothing wrong with that.

And...it is important to remember that there are no set rules when it comes to investing.The most important thing is to find a strategy that fits with your goals how much risk you can bear...and your financial situation.

ok... it is not a rule exactly, but assessing your own situation is a kind of recommendation of what to do, no?

Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment. 

You sound short sighted.. but still .. the idea about investment amount is to invest no more than you can afford to lose.. which largely just means make sure that you have your expenses covered, and that even if the investment dropped a lot you would not panic because you have already considered the possibility that it might drop...

Of course ultimately psychology comes partly from developing a practice in which you attempt to prepare for a variety of situations, so then you will already have a plan in place, and so hopefully you do not plan to panic... or lose money as Odohu mentioned.. but if you have already planned that they BTC price could go down from your entry point, then you could have had already established a plan to either buy more or hold through rather than sell... .. or maybe you would have some plans to sell under certain situation as you mentioned, but since we are considering longer term considerations in this thread, many of us already seemed to planned to not sell in the short-term - even though it is difficult to talk for everyone. .because some might not exactly disclose their plans and then others will change their plans when they end up panicking.

[ginsan]

Buying is quite easy by just pressing the buy button but to hold in the long term requires patience and that is why an investor who can hold in the long term is the winner in the end. Buying all at once or holding it for a long time is something that must be within ourselves, how we must ward off fud, worry in our minds. And also be able to look for loopholes to be able to survive in declining market conditions and many negative factors as happened last year.
Beginners must study as well as possible in preparing themselves to become true holders and all strategies should be the best that can be used to start investing in Bitcoin. Beginners can learn a lot about bitcoin and learn better ways to invest such as using DCA.
Sometimes opinions differ on how they buy in accumulating Bitcoin but that is not a big problem because in one hope we all target buying in dips and holding it in the long term.

Everything requires a process and it's not easy for someone to become a true holder. Many investors have made mistakes on their investment journey by selling bitcoin early so the best teacher is the experience they go through. That's why we have to focus on our principles and goals in bitcoin investment. Don't necessarily just buy and sell when you're profitable, but look at the price movement which rises quite significantly in reaching a new ath which means they can make big profits if they are able to hold on longer.

There are many mistakes and everyone probably makes them but they are able to change not to repeat them in the new chapter of their Bitcoin investment. I mean they will slowly enter gradual purchases starting from $20 $100 until reaching $1k a purchase. In terms of a person's financial strength, no one knows that they can start from a small amount and increase it slowly with every purchase they make. Therefore you have to see that the long-term purchasing journey using DCA is quite good.

[Onyeeze]

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.

holding Bitcoin will never withhold or prevent the Bitcoin price from falling because holding has nothing to do with Bitcoin price and perhaps that's not even the reason of holding. We know how Bitcoin price can be very volatile sometimes so the only way we can keep our mind at peace is by holding because if you decide to chase the price movement you could end up getting cut by the market.

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

The essence of holding bitcoin for long term is for you to make a profit, many people who hold a bitcoin knows the reason why they hold a bitcoin and their primary concern or primary objective of holding bitcoin is to make sure that they have profited in bitcoin more that they capital they use to invest or buy a bitcoin, so that is why investors concentrate on buying the market fall's, so it's better for you to learn the strategies of investment so that you will not be victim of losing your funds for investment of Bitcoin, the area of accumulating a bitcoin it's necessary and acknowledging for someone to accumulate a bitcoin but they look towards when the market in dip before they invest in bitcoin to accumulate it, when you said accumulation, it can some who buy bitcoin and hold for long-term and continue to buy more instead of selling the investment coin because of little bullrun, someone accumulate a coin have a duration and target of cashing out, so that is what I want some of us to understand

[Mayor of ogba]

Many say invest what you can afford to lose. So after family expenses from your income, if some amount of money is better to invest in bitcoins in DCA method. But it is best to invest in different sectors not only in Bitcoin. Which I am currently investing some amount of my income in bitcoins and also investing in different sectors. Even if my entire Bitcoin investment were to suffer a loss, I would not be financially broke.

Well I will talk on the aspect of invest what you can afford to loose , I think this  doesn't even hold only in investment but aswell as trading And that's  not the purpose of this post though .

However, the best practice is to invest what you can afford to lose right??  In the case of Btc, its an apex coin so you can expect it to crash drastically over night even if there's a crash , there's always a little profit to settle with comparing to your entry and the amount invested, but it's good to just think it that way  besides investment needs follow up so you can always determine the point opt out of investment. 

Mate, there is no need to invest what you can afford to lose on something because there is a probability that the investment will be a failure one day, even though you invest with the money you can afford to lose and the investment doesn't yield out anything, you will be angry because you have already hope of making extra money from the investment. Also, it is best to invest with money you will not need for the long term so that if the investment does not yield profit quickly it will not affect your daily needs, and you can depend on other things that give your money to run your life.

[Justbillywitt]

Also one of the factors that always affect an investor from accumulation of Bitcoin is always expecting the Bitcoin price to dip before they could start accumulating, considering the price movement of Bitcoin waiting for the dip may not be advisable because you could be waiting for a long time and the price is still not dip.

I was one of the people making this mistake prior before now, I never knew I was using the wrong approach. But when I started coming to this place I was taught a different approach which I have carefully analyzed and have come to realize that it is the best approach in Bitcoin accumulation. By doing lump sum buy, buy the dip, and buy through DCA. I have done this for like a week now and I have seen the difference from my previous approach.