Buy the DIP, and HODL!

[summonerrk]

hahahahaha

You are right.

I had not even noticed that so far we have 8 weekly green candles in a row, and yeah, I recall spending quite a bit of time talking about how many weekly green candles that we had in a row during various historical periods.  Surely you can go back and make those kinds of comparisons, and you will likely see that there are certain limits to how many weekly green candles tend to come in a row.. there will frequently be some correction (or red weekly candles) in the middle of some of the longer streaks of green candles, and even sometimes there will be a long streak of green candle, and then one or two weeks of red candles and then a resumption of many green candles in a row.  I am not sure how much we can determine from this, except sometimes we do end up getting nervous about whether the green weekly candles can continue and/or if they are sustainable...and I am not claiming to know the answer, even though surely it sometimes can be a good dynamic to watch. and to count them.

I think that AI would do a good job of tracking similar moments with identical candles. I think finding several dependencies in the existing history of candles would be at least interesting, and perhaps even productive.

You might also may want to look at from April 2019 until June 2019.. there might have had been a few red candles in there, but we did have 3 months of price rises to 3.5x  from right around $4,200 on April 1 until the $13,880 at the end of June.  It might not have had been the longest streak, but it is a fairly modern times good example of a kind of price rise that ended up playing out while at the same time being somewhat unexpected and recking a lot of shorts, bitcoin naysayers, shitcoin coin pumpeners, and fence sitters.

Yeah, I remember that times

We need to be careful when extrapolating this kind of information... because it becomes problematic to just shoot past the previous ATH... especially if we are starting at a base that is less than 1/2 of the current ATH.

Sure it is not impossible, but I would not get too worked up in terms of expecting low chance events to play out.. even though it does not hurt  to be prepared, just in case, as long as you are not putting too many eggs in that basket.

I once wrote here that a certain percentage of bitcoins always remains in my portfolio, no matter how much I think that it is necessary to sell bitcoins completely in order to increase its quantity later

I doubt it.  Bitcoin gives less than two shits about seasonality, but surely we have money printer dynamics that are going on  since early 2020 and not really stopping, we have some ETF approvals that seems to be looming (and quite likely), we have the upcoming halvening, and we have some history of overly correcting in terms of the levels of scams and likely suppression of the BTC price in mid-to-late 2022, with surely some recovery from that even in 2023, even though the BTC price was still likely somewhat suppressed throughout most of 2023 (since it spent a lot of time below the 200-week moving average), even though people were talking about bitcoin as if it were a mature asset, and surely it is not.. surely bitcoin has a kind of price dynamics that includes stock to flow and 4-year fractal, but likely more importantly, exponential s-curve adoption based on Metcalfe principles and network effects (as outlined by Trace Mayer).  So it seems a bit ridiculous to be treating BTC as if it were a mature asset class, when it is not... and so too bad for the so many people that remain no coiners or low coiners, and they could surely advantage from owning some bitcoin in times like this, even though an overwhelming majority of the world's population had little to no exposure to BTC prices.. in terms of direct or indirect ownership.. only in terms of macro-dynamics which is less likely to advantage them on a personal financial level..even though they likely get benefits from the actual existence and the power of bitcoin.. just not personally in a financial/psychological way of owning some of it...

Unfortunately, when the market is green and the hamsters start wanting to get into the rocket flying to the moon, there will always be those who will tell them that there is a rocket on altcoins and it will fly higher and FASTER. And as always it turns out that this is not so. It took me many years to understand that I only want Bitcoin in my portfolio, about at least 90%

2023 turned out to be quite bullish.. so yes, it seems that frequently even the more bullish years in bitcoin end up being riddled with simultaneous drama to try to talk people out of their investment in bitcoin, and too bad for the folks who get diverted away from bitcoin by 1) failing to take a BTC position, 2) taking a whimpy bitocin position or even 3) selling some or all of bitcoin that they previously held.

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

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[adultcrypto]

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

Good for accumulation phase if you bought your coins at early quarter of the year for sure you are already in huge profit at current month since bitcoin pump so high where it creates a huge hype from people. Also FOMO is now starting up since I think there are so many people that ever think that there would be more pump to come next year which is possible to happen.

I think you are right, FOMO is building up and the hashtag #bullrun have been trending in Twitter(X) for days now. I have also seen several Twitter space discussions of the latest market condition and that further confirm that the interest and attention in Bitcoin is growing exponentially. If things continue this way, the bull run people are expecting by 2025 might come early. I personally have the feeling that Bitcoin can create a new ATH before the end of next year. However, this is just prediction, anything can happen. What is most important is to have enough Bitcoin while we wait for the market to decide.

I guess even if we already see a pump this month where bitcoin reach at $43k at current price still this is good to buy since there are still more good times to come specially next year where halving is about to happen.

Yes you are right, buying new is still good buy because Bitcoin can do far more in the next bull run. As you know, every bull run leads to a new ATH so going by that, next bull run will produce a new ATH that will definitely put everyone buying now in nice profit.

[philipma1957]

We are not yet there, but getting closer to 50k.

[Winterfrost]

Since October 9, the weekly chart has not recorded a single red candle. Recoilless growth - all candles are green. On October 9, the price was 25k.
1) And it’s interesting that in 2020 something similar happened: from December 20, BTC went from 19k to 42k, and only then did it begin a correction (remember that I’m writing on a weekly chart)
2) And in 2017 also: from November 20, the non-recoil growth was 6k to 18k.

Following this logic, the price is now flying to 50-75k

Believe me all this analysis and speculation, using the past movement and comparing currently might turn out to be true or not, the main idea to understand is doing what we have to do so as to remain in the safer side, do what is necessary and allow the market flow in its owner manner, I believe it always turn out well to those who keep believing. There is still more greener candles to experience as this is just the beginning of our success story in Bitcoin , our goal is to hit a new All Time High

I understand that the Internet is full of similar observations, but I want to believe in the price increase, it was a difficult year and all BTC holders deserved a small miracle

For sure, all Bitcoin owners deserves a miracle because these are the same set of person who keep believing and remained positive all out the time Bitcoin was down, they say “One good turn deserves another” it is now the time for Bitcoin to play his role and reward those who kept the believe.

This is indeed brilliant. Im impressed with your response. However bitcoin is like the wild wild west. It is better to stop emphasizing much on speculation so that we will avoid missing the train. This is because it is somehow obvious the market we be greener for a long time. Guess most of us have been there already. Bull of 2021 was a big lesson followed by another big one the following year. The earlier we realize that it is now or now to get a share of that digital juice.

[JayJuanGee]

hahahahaha

You are right.

I had not even noticed that so far we have 8 weekly green candles in a row, and yeah, I recall spending quite a bit of time talking about how many weekly green candles that we had in a row during various historical periods.  Surely you can go back and make those kinds of comparisons, and you will likely see that there are certain limits to how many weekly green candles tend to come in a row.. there will frequently be some correction (or red weekly candles) in the middle of some of the longer streaks of green candles, and even sometimes there will be a long streak of green candle, and then one or two weeks of red candles and then a resumption of many green candles in a row.  I am not sure how much we can determine from this, except sometimes we do end up getting nervous about whether the green weekly candles can continue and/or if they are sustainable...and I am not claiming to know the answer, even though surely it sometimes can be a good dynamic to watch. and to count them.

I think that AI would do a good job of tracking similar moments with identical candles. I think finding several dependencies in the existing history of candles would be at least interesting, and perhaps even productive.

I am not sure.  We likely need to create and follow our plan to accumulate BTC based on our own financial circumstances including seeing how many BTC that we have in light of the number we believe that we need to have, and I am not sure how helpful it might be if we are trying to figure out if the BTC price may or may not be overheated in the short term... is that going to change what we do?

Also if we ask AI to search for periods in which there were at least 6 green weekly candles in a row and then to highlight that for us, maybe that might help us to see similar patterns or to be able to identify patterns that we might not have noticed without the use of AI.

You might also may want to look at from April 2019 until June 2019.. there might have had been a few red candles in there, but we did have 3 months of price rises to 3.5x  from right around $4,200 on April 1 until the $13,880 at the end of June.  It might not have had been the longest streak, but it is a fairly modern times good example of a kind of price rise that ended up playing out while at the same time being somewhat unexpected and recking a lot of shorts, bitcoin naysayers, shitcoin coin pumpeners, and fence sitters.

Yeah, I remember that times

We need to be careful when extrapolating this kind of information... because it becomes problematic to just shoot past the previous ATH... especially if we are starting at a base that is less than 1/2 of the current ATH.

Sure it is not impossible, but I would not get too worked up in terms of expecting low chance events to play out.. even though it does not hurt  to be prepared, just in case, as long as you are not putting too many eggs in that basket.

I once wrote here that a certain percentage of bitcoins always remains in my portfolio, no matter how much I think that it is necessary to sell bitcoins completely in order to increase its quantity later

If you believe that you are transitioning from accumulation to maintenance mode or maybe even some variation of liquidation mode, I have a sustainable withdrawal thread that I created a couple of weeks ago.

I doubt it.  Bitcoin gives less than two shits about seasonality, but surely we have money printer dynamics that are going on  since early 2020 and not really stopping, we have some ETF approvals that seems to be looming (and quite likely), we have the upcoming halvening, and we have some history of overly correcting in terms of the levels of scams and likely suppression of the BTC price in mid-to-late 2022, with surely some recovery from that even in 2023, even though the BTC price was still likely somewhat suppressed throughout most of 2023 (since it spent a lot of time below the 200-week moving average), even though people were talking about bitcoin as if it were a mature asset, and surely it is not.. surely bitcoin has a kind of price dynamics that includes stock to flow and 4-year fractal, but likely more importantly, exponential s-curve adoption based on Metcalfe principles and network effects (as outlined by Trace Mayer).  So it seems a bit ridiculous to be treating BTC as if it were a mature asset class, when it is not... and so too bad for the so many people that remain no coiners or low coiners, and they could surely advantage from owning some bitcoin in times like this, even though an overwhelming majority of the world's population had little to no exposure to BTC prices.. in terms of direct or indirect ownership.. only in terms of macro-dynamics which is less likely to advantage them on a personal financial level..even though they likely get benefits from the actual existence and the power of bitcoin.. just not personally in a financial/psychological way of owning some of it...

Unfortunately, when the market is green and the hamsters start wanting to get into the rocket flying to the moon, there will always be those who will tell them that there is a rocket on altcoins and it will fly higher and FASTER. And as always it turns out that this is not so. It took me many years to understand that I only want Bitcoin in my portfolio, about at least 90%

Cannot argue with you here, and surely some people take longer than others to figure out these kinds of balancing matters...and it can become quite tempted to get caught up in various kinds of shitcoins and to figure out that the plan to get into shitcoins is not really a fair kind of an investment... so therefore not really a very good place to keep much if any of your value.

2023 turned out to be quite bullish.. so yes, it seems that frequently even the more bullish years in bitcoin end up being riddled with simultaneous drama to try to talk people out of their investment in bitcoin, and too bad for the folks who get diverted away from bitcoin by 1) failing to take a BTC position, 2) taking a whimpy bitocin position or even 3) selling some or all of bitcoin that they previously held.

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

Sometimes too they take too many profits too early and then end up psyching themselves out of making sure that they have a sufficiently decent bitcoin stash.  I can see the urge to take out the amount that you invested.

So for example, let's take your forum registration date and if you spent 7 or more years accumulating bitcoin and maybe you put close to $37k into bitcoin (that would be around $100 per week and having had accumulated 8.4614 BTC), and then maybe you want to get that $35k back, but at the same time, if your 8.4614 BTC are currently worth around 10x the amount.. which would be $370k at current BTC prices, then there could be questions regarding the urgency to take out the amount invested or to just let it continue to ride, even though the value of the BTC holdings continues to fluctuate, there seems to be more and more security in terms of the BTC holding the value the longer that we are in BTC.

And, sure sometimes people make mistakes along the way by trading, getting involved in shitcoins or some other mistakes, so whatever they ended up doing did not end up accumulating as many BTC as they could have had accumulated with a straight-forward DCA strategy.

[JoyMarsha]

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

[Cryptomultiplier]

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

Majority of the persons I have encountered recently are more interested in HODLing rather than trade BTC and that's very commendable because despite the price or current dip, the reaction and reference it has gotten has done well to auction its value and potential to its future clients.
What's more impressive is the fact that despite the talk of halving next year, those with means still want to HoDL via DCA strategy until this period has elapsed then sell or keep accumulating more BTC.

[Litzki1990]

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Investing in Bitcoin is always a sound and sensible decision, given that the price of Bitcoin has increased significantly since November, now is not the best time to invest in Bitcoin. We have trusted Bitcoin for a long time and have been investing in Bitcoin with trust in Bitcoin for a long time. When Bitcoin had relatively bad times, invested in Bitcoin during those bad times and invested and held Bitcoin waiting for good times. My plan was that since I would be holding my bitcoins for a long time, a temporary drop in the price of bitcoins is not a big deal. I hired at a time when people weren't talking much about investing in Bitcoin and I've held my investment so far and will continue to do so. I have a plan to hold my investments for a long time and I want to execute that plan 100%. Since I was able to hold on to my investment during the bad times of the market, I think it will be easier for me to hold on to it in the coming days.  

If an investor has a little bit of courage, trust and the tendency to hold on to his investment, then he can definitely hold on to his investment for a long time even if he overcomes a hundred hurdles.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

You can discuss the benefits an investor can get from holding on to their bitcoins, but if you warn someone, they'll think you're convincing them to sell the investment. We usually invest in Bitcoin with the possibility of getting good amount of profit and keep that investment for time but it is not sure that I will get hundred percent profit if I invest in Bitcoin and keep the investment for long time. So you can show great potential without giving 100% guarantee to someone, because if an investor invests, the risk of money will be taken by that investor.

[Mayor of ogba]

person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

Mate, I disagree with you on this statement because using the DCA strategy does not mean you will accumulate Bitcoin at a small fraction or get a small profit from your Bitcoin investment. The DCA strategy will help you prevent bad timing in accumulating your Bitcoin and reduce the impact of volatility in your Bitcoin portfolio. Someone might buy Bitcoin worth $1k with a lump sum buy and another person might also buy Bitcoin worth $1k with the DCA strategy, and the person that bought with the DCA strategy might end up having more Bitcoin than the person that bought with a lump sum, because the person that used the DCA strategy bought at different prices. For instance, someone might want to buy Bitcoin worth $1k, and the person choose to buy it with the DCA strategy and divide the $1k into 10 places to be used for accumulating Bitcoin every week, with a minimum buy of $100 every week.

It seems you don't really understand the points he is trying to make, I think what he is trying to say is that DCA involves more on accumulation of bit by bit with a smaller amounts of money one could afford, of course he is right because we all know what DCA is all about in times of people who doesn't have enough money to invest huge on Bitcoin but however instead of waiting and hopping to have enough money before starting accumulating Bitcoin perhaps they could get started from the little they have and keep accumulating consistently although at first it may not worth much amounts of Bitcoin but with time it will surely appreciated.

Mate, read the quote again you will understand he/she says that accumulating Bitcoin with the DCA strategy will make people not have much profit in their Bitcoin investment because they used the DCA strategy to accumulate a small fraction of Bitcoin. If you using a lump-sum strategy to buy your Bitcoin and I'm using the DCA Strategy to accumulate my Bitcoin does not mean that you will have more Bitcoin than me because you are buying your Bitcoin at a go. Both the poor and rich people adopt the DCA strategy when they are accumulating Bitcoin, the most important thing is to adopt the strategy that will be suitable to control your emotions when accumulating Bitcoin and also keep you in a safer zone. Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

[Popkon6]

Many times there are trade-offs, and even though DCA tends to be the best, DCA might not be the best for a person who has a lump sum of money currently available, and it might be better to lump sum most, if not all of that money, and then perhaps just have money to continue to buy if the price dips.... that is why a newbie to bitcoin likely needs to consider the three categories of 1) DCA, 2) Lump sum and 3) Buy on dips, and perhaps have some money allocated to each of the three categories, and if s/he chooses to eliminate any of the categories, then s/he would have at least weighed the pros and cons of each of the categories.

Well said mr JayJuanGee, I as a person would even recommend accumulating bitcoin using lump sum because, we are very close to the halving and any time from next year, we'll be experiencing the halving, so DCA and buy the dip should be kept on hold for now, so we can concentrate on accumulating as much as we can using lump sum. However, this bull run might take us to another all time high, so missing out this opportunity or not having enough bitcoin in your portfolio shouldn't be an excuse except, you can't afford to buy more due to some financial constrain. Now is the time for every bitcoin enthusiasts to step up their accumulation game by aggressively using lump sum to make huge buys and avoid the sell button.

We used to invest earlier and after investing earlier we saw the market only going down for a long time but still we held our investment deep hoping for something better. The market is in a much better state than it was once. Now is a golden opportunity for new investors because the market is now positive and we have been observing the market positive for almost six months. Now if an investor invests in Bitcoin and holds that investment deeply then he will have a golden opportunity to grow his money.  

By investing now there is a golden opportunity to get some good profit in future so I never tell those who don't have money to invest in debt because if a person decides to invest in debt then he will never be able to hold his investment for long. As far as I am concerned those investors think of investing who have some amount of money in savings and very few people decide to take out loans and invest. Although Bitcoin is a reliable investment platform, I would never recommend borrowing money from others to invest with that money. You can invest with the amount of money you have in the current market and before investing you must keep in mind that you can hold your investment for a long time.

If an investor could eradicate greed and be more discipline in times of investment it will do them more good than harm because I realized that the reason why most people aggressively invest on Bitcoin is because they feel that it will make them have a more higher returns than slowly investing without knowing that is better to invest slowly and consistently to reach your goal than aggressively investing and being cut up by unforseen challenges.

Most people coming into this market are primarily looking to get rich quickly, so they often overlook investing in Bitcoin for the long term. When it comes to short-term profitability, Bitcoin can't be compared to the rest, but in the long run, Bitcoin is an investment opportunity that cannot be ignored. You can sleep well if you hold onto Bitcoin for many years, but the same cannot be said for the majority of other Altcoins. It takes patience and a clear direction to focus solely on investing in Bitcoin and holding for the long term.

Yes, holding bitcoin for the long term is more enjoyable than holding it only for the immediate future, and I'm talking like this because I've experienced it myself.
Our own experience makes our belief in something we hold great, and that's how I feel about bitcoin. Especially when I know a strategy called DCA, yes it makes my investment more comfortable to do.
Some people who still doubt (especially beginners) I consider it a natural thing, and when they want to get rich quickly I will also consider it natural (for beginners), because they are in the process of understanding what they are actually doing. But when they really understand, they will be able to change their mindset.

We all have some objective to invest, but none of us invest aimlessly. While planning long-term investment, our objective is to earn good amount of money at the end of long term and while planning short-term investment, our objective is profit. In the beginning, it is natural to think that he will invest in Bitcoin and change his position in a short time, but after a few days of investing, when he tries to learn more about investing, his misconception about investing will be cleared.
I remember when I started investing I thought to myself that I would make a lot of money after a few days of investing so I checked my wallet every once in a while after investing. But when I realized that if I want to get something good from the investment, I must hold this investment deeply, I thought of holding my investment for a long time and I succeeded in holding it for a long time. After holding my investment for a long time I got enough success that's why I now favor long term investment and still hold Bitcoin in long term investment plan. If the new investors are starting their investment I think after starting they will get to know about the investment and their misconceptions will be cleared and they will definitely be in favor of holding their investment for a long time.

The main objective of investing in Bitcoin is to hold it for a long period of time so that good prospects can be achieved. Once you start investing in bitcoins, you should invest for a long time, never for a short period of time. You see (October to December) the price of Bitcoin has changed twice in just two months.
Never covet this benefit, the price of Bitcoin was limited to $25k in October, but the current price has reached $44k by the beginning of December. Double the price of Bitcoin in the span of two months, which will spell doom for you if you sell Bitcoin for the money. Because this opportunity to invest will be much less in the future, because the price of Bitcoin will only increase overnight. So long-term investors never look for profit.
So you invest for long term and achieve future success. Having bitcoin means you are the king of future money.

[Obim34]

I think that I know what you are saying here, but ultimately we should realize that our beliefs are manifested through our ongoing actions, which could be ongoingly buying BTC, but surely sometimes we might get nervous about ongoingly buying BTC, so then we still are faced with a dilemma in which we have to assess how long we have been stacking sats and how many sats have we accumulated.  Accordingly.  do we keep buying or do we pause or do we make any other adjustments, and so in that regard, we have to have some ways in which we anchor our beliefs into where we are at and where we would like to go and questioning the extent to which we know if the BTC price might go up or down, but we still may well be in a place in which we either continue buying $100 per week or maybe we end up splitting $100 per week into two parts, buying $50 per week and using the other $50 per week for buying on dips.. or maybe we realize that we might get worried about whether we might regret any kind of a reduction of our DCA.. even if some of our current DCAs are getting us way less (nearly 60% less) than the amount of BTC that we were getting or the same dollar value a mere 2 - 6 months ago. . but we might not have many more options, and maybe we don't even feel like working harder or more hours or reducing any of our expenses anymore than we already had done, so we just have to deal with the cashflow that we have.

Basically, there is always a slight adjustment to when dealing with Bitcoin and ways to accumulate more, either applying certain strategies. Even when applying this strategies a person needs to think smart in a state of such dilemma, deploy certain methods outside the box even if it takes to apply another strategy our sole reason of applying strategies is to accumulate Bitcoin in a way we remain convenient without affecting our cost of living.

Who knows? 

Many of us consider that the bull run is likely coming in late 2024 and into 2025 - but surely there can be no real way of knowing, and just perhaps not get too worked up about various scenarios that could throw off the pattern in one direction or another, but there could still be a plan to accumulate 0.5 to 1 BTC in 5 years, but then if the BTC prices are going up so rapidly, there could be some concerns about if those kinds of goals can be reachable, so then the goal could just end up getting adapted in terms of the amount of dollars invested and not really having strong ideas regarding how many BTC might be accumulated in the next 5 years.

We never can tell very accurately when is mostly likely for the bull run to begin but i believe what we are experiencing currently should be part of the bull run which is to happen, I consider this as a tip of an iceberg and many more are yet to come.

Setting a goal and achieving it is what a must do, sometimes certain scenarios tends to occur which will limit one's progress, if your initial plan was to accumulate certain amount of Bitcoin but unfortunately Bitcoin increases and the amount of dollars you put in can't match the amount you planned then it becomes an investment on the amount of dollars invested. In this way you measure your success in accumulating Bitcoin

Mate, read the quote again you will understand he/she says that accumulating Bitcoin with the DCA strategy will make people not have much profit in their Bitcoin investment because they used the DCA strategy to accumulate a small fraction of Bitcoin. If you using a lump-sum strategy to buy your Bitcoin and I'm using the DCA Strategy to accumulate my Bitcoin does not mean that you will have more Bitcoin than me because you are buying your Bitcoin at a go. Both the poor and rich people adopt the DCA strategy when they are accumulating Bitcoin, the most important thing is to adopt the strategy that will be suitable to control your emotions when accumulating Bitcoin and also keep you in a safer zone. Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

DCAing in Bitcoin is mostly done when the market is kind of stable and slightly volatile or when the person aspiring to accumulate Bitcoin doesn't make enough income and only gets funds in a particular interval, so part is used to DCA. But this is considrarely the best option even for the rich instead of buying in a huge sum at a particular price.
Accumulating during the bear market should be done by purchasing in huge sum, because certainly it is possible to make back x100%, x200%, x300%, x400%. or even more.

[adultcrypto]

person who is doing DCA may not have that profits because s/he ends up accumulating very little fraction of it.

Mate, I disagree with you on this statement because using the DCA strategy does not mean you will accumulate Bitcoin at a small fraction or get a small profit from your Bitcoin investment. The DCA strategy will help you prevent bad timing in accumulating your Bitcoin and reduce the impact of volatility in your Bitcoin portfolio. Someone might buy Bitcoin worth $1k with a lump sum buy and another person might also buy Bitcoin worth $1k with the DCA strategy, and the person that bought with the DCA strategy might end up having more Bitcoin than the person that bought with a lump sum, because the person that used the DCA strategy bought at different prices. For instance, someone might want to buy Bitcoin worth $1k, and the person choose to buy it with the DCA strategy and divide the $1k into 10 places to be used for accumulating Bitcoin every week, with a minimum buy of $100 every week.

It seems you don't really understand the points he is trying to make, I think what he is trying to say is that DCA involves more on accumulation of bit by bit with a smaller amounts of money one could afford, of course he is right because we all know what DCA is all about in times of people who doesn't have enough money to invest huge on Bitcoin but however instead of waiting and hopping to have enough money before starting accumulating Bitcoin perhaps they could get started from the little they have and keep accumulating consistently although at first it may not worth much amounts of Bitcoin but with time it will surely appreciated.

Mate, read the quote again you will understand he/she says that accumulating Bitcoin with the DCA strategy will make people not have much profit in their Bitcoin investment because they used the DCA strategy to accumulate a small fraction of Bitcoin. If you using a lump-sum strategy to buy your Bitcoin and I'm using the DCA Strategy to accumulate my Bitcoin does not mean that you will have more Bitcoin than me because you are buying your Bitcoin at a go. Both the poor and rich people adopt the DCA strategy when they are accumulating Bitcoin, the most important thing is to adopt the strategy that will be suitable to control your emotions when accumulating Bitcoin and also keep you in a safer zone. Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

The method use for any individual depends entirely on their cashflow, emotion, schedule and general preference. There is no single method of building Bitcoin portfolio that everyone must adopt. If you can remember, MicroStrategy does not employ the DCA method rather they just buy in bulk when they decide to. This does not mean they are doing it efficiently. On the contrary, there are those who prefer the DCA method, probably because they have a steady cashflow like salary. There is no point saying that these set of people will not make much profits because in implementing the method they chose, they already have a target.

I think those seeing the DCA method as slow or non profit oriented are those eager for quick profits and will readily sell at the sight of reasonable profits whereas those employing the DCA method tend to hold for longer period of time as their intention will be more of buying more even though they can also opt for sell when the need arises.

[BTC_pokaop]

We are not yet there, but getting closer to 50k.

Yes, expect btc to cross $50k by the end of this month or early January itself.

Bitcoin prices are going to be bright in the future. So everyone should buy Bitcoin. HODL for a long time, never think of selling.

[armanda90]

The main objective of investing in Bitcoin is to hold it for a long period of time so that good prospects can be achieved. Once you start investing in bitcoins, you should invest for a long time, never for a short period of time. You see (October to December) the price of Bitcoin has changed twice in just two months.
Never covet this benefit, the price of Bitcoin was limited to $25k in October, but the current price has reached $44k by the beginning of December. Double the price of Bitcoin in the span of two months, which will spell doom for you if you sell Bitcoin for the money. Because this opportunity to invest will be much less in the future, because the price of Bitcoin will only increase overnight. So long-term investors never look for profit.
So you invest for long term and achieve future success. Having bitcoin means you are the king of future money.

Much beneficial earned when investing in bitcoin for long term period holding, some investor or holder of bitcoin lack patience make bitcoin as long term investment way and earn more profitable when hold it on long period. Comparison with Bitcoin price on October $25,000 without two months Bitcoin almost raise up 50% latest highest price above $45,000. How much profitable earned when many holder or investor keep patience since invest Bitcoin under $15,000 and keep hold it until today.

Keep in our mind when investing in bitcoin for long term period and earn fantastic achievement in the future when bitcoin success break out new all time high price. No doubt yet with bitcoin price in the future more excited and during hold some bitcoin don't forget keep accumulate how many possible every day, every week or every month.

[Hewlet]

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

yeah, that's true. A lot of people that sell off their bitcoin at this point do so because of pressing financial challenge that they have to meet up with at the moment. It's actually very difficult to hold your bitcoin at the moment when you are having financial crisis, it's even not reasonable to keep holding your bitcoin when financial crisis comes knocking knowing fully well that you could sell it out to offset your bills. And this is the reason why it's advisable to invest an amount you can afford to leave for a long time without necessarily being moved by any financial challenge that comes along the way.

It's also very necessary not to totally depend on one's holding as a means of wealth creation. That you've accumulated a certain amount of bitcoin shouldn't even be a reason not to go into other business or creating an alternative source of income. If you have an alternative source of income outside of your bitcoin holding, it will save you from unnecessary urge to selling of your holding in cases of unplanned problems.

[Justbillywitt]

Much beneficial earned when investing in bitcoin for long term period holding, some investor or holder of bitcoin lack patience make bitcoin as long term investment way and earn more profitable when hold it on long period. Comparison with Bitcoin price on October $25,000 without two months Bitcoin almost raise up 50% latest highest price above $45,000. How much profitable earned when many holder or investor keep patience since invest Bitcoin under $15,000 and keep hold it until today.

Yes I agree with you that many Bitcoin investors lacks patience
When it comes to holding Bitcoin. But I think every investor has his or her greed level. There are people who bought Bitcoin when it dip to $15k earlier this year and set a target that they will sell at $25k while others set a target to sell at $35k. It now becomes difficult for them to keep their Bitcoin once they price enter that region. It's just just a normal thing for short term Holders.

[JayJuanGee]

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

I don't think someone would want to sell their bitcoin at this time just because they are greedy for money when they are fully aware that the Bitcoin that they are holding can give them profits in the future.

Sure if you have long term investment ideas, then you would likely not be selling any of your bitcoin now, but I doubt that the reason would merely be because you expect profits to be guaranteed in the future, but instead that you had made your investment into bitcoin based on a long term investment thesis and you are not merely thinking about short term profits.

On the other hand, if you come into bitcoin and you do not have solid ideas for what might be your investment thesis, and you might not even know why you like bitcoin except for thinking that it could make you some money, then you likely would be more inclined to sell at various points along the way, and you might not really realize that you could sell in increments, but instead you think about either being in or out, and so it could look very attractive to get 40% to 60% profits in less than a couple of months.

Anyone that you see who sells their bitcoin now is doing it for financial reasons and not for greed. I can't have an urgent need of money and you expect me not to sell my bitcoin so that I won't appear greedy, whereby I know that I can buy bitcoin back at any time I have the money to.

It tends to be a better practice to already have your financial matters in order before you are investing into something like bitcoin, and it may well also apply to a lot of other investments, yet some times people do not plan their investments very well, so they could come across emergency financial circumstances, yet many times those supposed emergency financial circumstances are more likely due to poor financial planning rather than actual financial emergencies.

Another thing, if you sell, you may well be able to buy back in, but you may end up buying back in at a much worse level.  There are quite a few people who sold decently large chucks of their BTC at various points in their bitcoin investment journey and there is almost no way that they can get back to the level of BTC that they previously held... but sure, in terms of dollars, they still might be able to put in as much or even way more than they invested into BTC, but still not get close to the same quantity of BTC.

Even take a fairly basis example of someone who may had been accumulating BTC between 2016 and 2020, and maybe they had some higher priced purchases and some lower price purchases, but overall they had an income in which they could only afford a bit more than $100 BTC per week, so in four years, they were able to invest around $24k and they were able to accumulate around 3 BTC, and so their average cost per BTC is around $8k.  So even if they might have sold some of their BTC at various points in the last few years, and if they are now down to 2 BTC, but they still ONLY have an income in which they are able to buy $100 or maybe $200 BTC per week, they might need more than 10 or 20 years to be able to re-accumulate that 1 BTC that they sold.. depending on what BTC prices do from here forward.

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Investing in Bitcoin is always a sound and sensible decision, given that the price of Bitcoin has increased significantly since November, now is not the best time to invest in Bitcoin.

You (Litzki1990) seem to be presuming that the BTC accumulator has accumulated "enough" bitcoin.

We have trusted Bitcoin for a long time and have been investing in Bitcoin with trust in Bitcoin for a long time. When Bitcoin had relatively bad times, invested in Bitcoin during those bad times and invested and held Bitcoin waiting for good times. My plan was that since I would be holding my bitcoins for a long time, a temporary drop in the price of bitcoins is not a big deal. I hired at a time when people weren't talking much about investing in Bitcoin and I've held my investment so far and will continue to do so. I have a plan to hold my investments for a long time and I want to execute that plan 100%. Since I was able to hold on to my investment during the bad times of the market, I think it will be easier for me to hold on to it in the coming days.  

It does feel good for any of us to feel that we have a cushion in our investment from our costs per BTC, so the higher we get above our costs per BTC, the more comfortable that we become, but it still can get to be quite frustrating to feel comfortable, even if we have a profit cushion, especially during periods of extensive BTC price dips.. or sometimes we can get frustrated if the BTC goes up.. like now and then it doubles, but then if it ends up getting stuck in a range for a while or even has a couple of 30% to 50% dips along the way, and even if we are still in profits, we still get frustrated from the dips (or the failure of the BTC price to go up).

If an investor has a little bit of courage, trust and the tendency to hold on to his investment, then he can definitely hold on to his investment for a long time even if he overcomes a hundred hurdles.

Can't argue with that.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

You can discuss the benefits an investor can get from holding on to their bitcoins, but if you warn someone, they'll think you're convincing them to sell the investment. We usually invest in Bitcoin with the possibility of getting good amount of profit and keep that investment for time but it is not sure that I will get hundred percent profit if I invest in Bitcoin and keep the investment for long time. So you can show great potential without giving 100% guarantee to someone, because if an investor invests, the risk of money will be taken by that investor.

You are starting to sound as if you are past your BTC accumulation phase Litzki1990, but I still have my doubts that you are that far along, based on your previous posts and your registration date.  Another thing is that there can be a period in which we are starting to feel as if we have enough BTC, but it does not hurt to continue to accumulate BTC, even if we might run into situations in which we cannot accumulate a lot of BTC, we still feel that we mostly have enough BTC in order to be prepared for upside to happen, but if such upside does not end up happening in the near future then we will either just continue to accumulate BTC at a regularly consistent pace, or we might even slow down in our BTC accumulation pace and still feel like we largely have enough BTC.

Buying Bitcoin with a lump sum will allow you to complete the quantity of Bitcoin you want on time, while DCA will delay your accumulation process, in the end, you will still accumulate the quantity of Bitcoin you want.

Part of the problem, is that you do not necessarily know if you will still be able to accumulate as much BTC under each of the strategies.  Sure you might end up investing the same amount of money, but you might not be able to accumulate the same amount of BTC, so frequently, each of us has to decide within the means that we have available, and sometimes we might not even have lump sum available to us, absent having to take out a loan or otherwise put our finances in stress in order to accomplish lump sum... but it still does not mean that lump sum is a bad idea even if carrying out lump sum might end up in certain kinds of tradeoffs, such as financial/psychological stress or even potentially not having as much cash available to buy on dips if dips were to occur after the date of the lump sum injection(s).

[edited out]

The method use for any individual depends entirely on their cashflow, emotion, schedule and general preference. There is no single method of building Bitcoin portfolio that everyone must adopt. If you can remember, MicroStrategy does not employ the DCA method rather they just buy in bulk when they decide to. This does not mean they are doing it efficiently. On the contrary, there are those who prefer the DCA method, probably because they have a steady cashflow like salary. There is no point saying that these set of people will not make much profits because in implementing the method they chose, they already have a target.

I would and I have characterized MSTR's strategy as a form of DCA... because they buy regularly and aggressively with whatever cashflows that they are able to muster up and they pretty much buy at any price... Sure they might be employing a bit of lump sum buying and strategizing about dips, but their regular way of buying that is mostly based on their own cash available is largely a DCA kind of an approach, even if the amounts are larger and somewhat seemingly inconsistent in terms of the amount... but they are mostly consistent in terms of buying pretty steadily for the past nearly 3.5 years.  At some point, we might conjecture that they have enough BTC, but they seem a bit maniacal in terms of their ongoing desire to continue to buy BTC...and they even stated that they are going to continue to buy BTC even if it goes up in price.. which also seems like a DCA approach in terms of whatever they are doing.

[ginsan]

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

So that's what is called a big mistake in the investment they made. Everyone has made the mistake of selling too quickly and it was a rash decision they made. I see many who take quick profits when the market moves up recently but it is still difficult for them to find a lower price like the first entry they made. However, there are also those who apply the buy back strategy to increase their BTC holdings from the profits they get.

Especially those who sell quickly are traders and not those who invest in the long term. So it's not surprising that the sell order wall is high because they take profits quickly. I think there are many factors that they might regret their hasty decision to sell because if Bitcoin could close at $50k in the near future then they missed a bigger opportunity to make a bigger profit / and that's just a small example)

For those who can hold longer and continue to buy on dips, they are potential new rich people someday and we have seen the adage that Holding is a winner.

[Popkon6]

2023 is a good time for Bitcoin holders. Since the beginning of November, the Bitcoin price has been slowly improving with only green candles. Currently the price of Bitcoin has reached $44K, so no one should stop holding Bitcoin DCA method because the portfolio has increased. The more bitcoins you hold for longer, the more you will benefit. When you invest in the Bitcoin DCA method at the beginning of 2023, you can see for yourself how much portfolio growth is achieved by investing in Bitcoin by looking at the averages then and now. Invest in Bitcoin at the right time and the future will definitely be bright.

Investing in Bitcoin is always a sound and sensible decision, given that the price of Bitcoin has increased significantly since November, now is not the best time to invest in Bitcoin. We have trusted Bitcoin for a long time and have been investing in Bitcoin with trust in Bitcoin for a long time. When Bitcoin had relatively bad times, invested in Bitcoin during those bad times and invested and held Bitcoin waiting for good times. My plan was that since I would be holding my bitcoins for a long time, a temporary drop in the price of bitcoins is not a big deal. I hired at a time when people weren't talking much about investing in Bitcoin and I've held my investment so far and will continue to do so. I have a plan to hold my investments for a long time and I want to execute that plan 100%. Since I was able to hold on to my investment during the bad times of the market, I think it will be easier for me to hold on to it in the coming days.  

Of course, investing in Bitcoin is a long-term investment.  I've been holding on to Bitcoin ever since it hit 15.5K in late 2022, and early 2023.  And till today I invest in Bitcoin following DCA method 2 times a month.  I have been hoarding bitcoins for a long time and it is my dream that I will hoard bitcoins like this for years to come.  I have accumulated bitcoins for 13 long months and will continue to accumulate bitcoins for years to come.  Because I have seen my wallet improve.

That's why everyone is advised not to sell bitcoins after seeing the wallet improve.

If an investor has a little bit of courage, trust and the tendency to hold on to his investment, then he can definitely hold on to his investment for a long time even if he overcomes a hundred hurdles.

Be careful, never sell bitcoins because someone is greedy for money because the price of bitcoins has increased. Learn to buy bitcoins, not sell them.

You can discuss the benefits an investor can get from holding on to their bitcoins, but if you warn someone, they'll think you're convincing them to sell the investment. We usually invest in Bitcoin with the possibility of getting good amount of profit and keep that investment for time but it is not sure that I will get hundred percent profit if I invest in Bitcoin and keep the investment for long time. So you can show great potential without giving 100% guarantee to someone, because if an investor invests, the risk of money will be taken by that investor.

A person willing to invest in Bitcoin must have the ability to accept the risk. As an example myself, I was very scared when I started investing in Bitcoin but now that my current wallet is not scared, I don't mind taking a bigger risk. Because I have found that nothing can be achieved in life without taking risks. Because of which risk is always the key to success. Once the risk is taken it will be possible to improve in the future, as I consider myself somewhat successful by investing for a long 13 months.

But we have more positive points because investing in DCA method, of course, on average, the risk is reduced a lot. So this is the best method to invest in Bitcoin.

[Onyeeze]

I always feel sorry for those people who invest in Bitcoin, doing it well and at a low price. But then they are forced to sell Bitcoin because there is no money. Although they would not have sold it in any other case.

So that's what is called a big mistake in the investment they made. Everyone has made the mistake of selling too quickly and it was a rash decision they made. I see many who take quick profits when the market moves up recently but it is still difficult for them to find a lower price like the first entry they made. However, there are also those who apply the buy back strategy to increase their BTC holdings from the profits they get.

Especially those who sell quickly are traders and not those who invest in the long term. So it's not surprising that the sell order wall is high because they take profits quickly. I think there are many factors that they might regret their hasty decision to sell because if Bitcoin could close at $50k in the near future then they missed a bigger opportunity to make a bigger profit / and that's just a small example)

For those who can hold longer and continue to buy on dips, they are potential new rich people someday and we have seen the adage that Holding is a winner.

People sell rush and sell their coins because of the kind of investment they are into, People who into short term investment probably rush to sell so that they will not lose opportunity to, and people who is into prolong investment will deem it fit to ensure that they have keep their coin until bitcoin reach to a particular amount they wants before selling.

The thing that have to do with bitcoin is that if you don't have target of when you will sell and when not to sell you will think that someone who sold it on time rush to sell, myself I will not sell my bitcoin for now and I can never sell bitcoin because I know that the price of bitcoin is increasing day by day and selling now I might regret my actions and decisions later so it's rather for me to keep my coins and check what 2024 bullrun will yield