Buy the DIP, and HODL!

[Roseline492]

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.

There is nothing wrong looking at the price movement of Bitcoin consistently. I like watching at the price, so that if price goes down that's great. It will give me more time to accumulate since i just started accumulating Bitcoin. However monitoring the market doesn't mean I dont have lots of confidence in Bitcoin and also downturns dont bother me because I understand the nature of Bitcoin. For those who have long invested in Bitcoin for 3 to 4 years now I think having a good feel for the market can help you know when it's time to sell a little and take that sweet gains.

Perhaps you are right but however your perception and other investors may not be the same and also your Decipline and ways to handle some unforseen circumstances may also not be the same in times of seeing the price of Bitcoin dropping, actually I'm saying based on the experience I had when I started accumulating on Bitcoin and by that time I had no much knowledge about Bitcoin so I decided to buy on a certain price so after then I continue watching the Bitcoin price to see how fast is going to move, so however it was not up to two weeks and the price falls below my entering point so as someone who doesn't really understand much about Bitcoin then I began to panic as the price continues  to fall and it actually affected my emotions then. So it doesn't matter how well you can handle it but what matters is how most people who doesn't really understand Bitcoin will handle it if they continues to monitor the price movement of Bitcoin.

That's the reason I said is not mostly advisable to constantly be watching and monitor every price movement of Bitcoin on less you are a Lump sum investor.

[1714530180]

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[1714530180]

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[armanda90]

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.

Content creator have two side when promoting about bitcoin as way how to get huge traffic with their content and another way to make their channel more be popular. But when present information about accurate data about bitcoin price in daily, weekly and monthly is not huge problem and they are giving best information for us and not have to worry with all data present by content creator.
Positive side when have some one present about bitcoin price daily day because as bitcoin holder have motivate keep accumulate and purchase bitcoin how much ever price up or down, with data present by content creator not difficult for us find with bitcoin price have been accumulate last week or last month and becoming our comparison price of bitcoin have earn much profitable or not.

[iamsange]

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

If you just want to create content about daily, weekly and monthly Bitcoin price charts to be able to show it to audiences who follow it on social media, I think that's quite strange and doesn't make sense. Because someone can create content about Bitcoin price charts without having to sell the Bitcoins they already own or the Bitcoins they are saving as a good investment for themselves, because there are many price charts that have been formed in the past and they can be taken for some content which can indeed be exposed to all audiences who have followed him on social media.

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.

This is not a complicated thing to discuss because for an expert in creating content, of course he can take a price chart that has occurred in the past for his new content as an example to present to the audience who follows him on social media. And he also doesn't need to sacrifice his investment or trading if he is hunting for profits via Bitcoin.

[Popkon6]

For someone who has a long-term investment plan in bitcoin, and doesn't have another side hustle that pays them daily or monthly will be the one to sell their bitcoin at a loss price because they need money to solve a problem. But for Someone who has a long-term investment plan in bitcoin and a side hustle that pays them, will not be forced to sell their bitcoin at a loss price, compared with the individual who doesn't have a job or side hustle.

It is appalling that some investors are no longer investing in bitcoin with the money they can't afford to lose. They are not investing money for their needs just because they heard of the bull run is coming and they forget to save up some for the rainy days when problems come 

This is what Bitcoin investment is about i.e. long term. If someone is looking for short term gain then he must look into Bitcoin. See the history of Bitcoin and we can see that there is good increase in price every 4 to 5 years. Long term investment doesn't only mean to avoid selling while price is down, it also include not selling even if you are getting few bucks over your investment. For instance, there are people who are getting excited on this bull run. They must HODL and should not sell in this small bull run. If they do so they will miss out the bigger piece of the cake.

If you invest long term but avoid Bitcoin then I would say your investment is incomplete. Bitcoin must be preferred as an investment platform if you are thinking of long-term investment. Outside of Bitcoin I don't see any coin that can be invested in for a long time. Bitcoin has always been the best coin to invest in for as long as I have known about investing. 

I have been investing in long term plans for a long time and my investment platform is Bitcoin. I held my investment as well as purchased bitcoins in several steps. I bought some bitcoins when the price of bitcoin was $22K, then I bought some bitcoins when the price of bitcoins came to $25K, then I bought some bitcoins at $28K, and then I bought some at $35K. 

That is, even though the price of Bitcoin has changed in these few months, I have invested in Bitcoin regularly. The reason I invest in Bitcoin during these periods of Bitcoin price volatility is to hold my investment for the long term. The price of Bitcoin is now around $45K and I have not stopped my investment at all at this point but I will be buying several more Bitcoins in a few days. 
Many may dissuade me not to invest at this time but I will invest at this time because I have faith in the market and my investment is in long term plan.

Those who are new investors should follow your investment method. You have followed the best investment strategy here and I appreciate your investment strategy. Many new investors think that they need to gather a good amount of money first and then invest with the whole amount, but you have proven by investing in a different strategy that investing in Bitcoin does not require a lot of money.

I follow your path when it comes to catching up on my investments because I don't end my investments once I invest but rather I keep my investment streak going. 
When it comes to investing, sometimes we need to make decisions from different strategies and different schools of thought. It's not bad at all if you can succeed by doing something different instead of doing the same thing that everyone else is doing. You started investing when the price of Bitcoin was between $20,000 and $25,000 to catch up and you continued your investment until the current state of the market. 

Since you are planning to hold your investment for long term, I need not say anything new about holding investment for long term. You can share the investment strategy you are using with other new investors who come to you to learn about investing. I think buying bitcoin step by step and increasing your investment amount is not only followed by new investors but old investors may follow this strategy.

Every investor is new at the beginning. But slowly learning to invest in Bitcoin will surely gain experience and later on he will become a skilled and ideal investor. So every investor must be patient because the only great way to invest is to take risks. The more you take risks, the more you learn.

Investment must be kept for a long time otherwise it will not be a long term investment. Because I invested myself and tried to hold for a long time and I was successful in holding Bitcoin for the last 13 months. And in the future I will hold more as I see my wallet assets improve. So everyone try to hold investment in Bitcoin. A person must have a long term investment in Bitcoin to be successful in life.

[Justbillywitt]

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.

There is nothing wrong looking at the price movement of Bitcoin consistently. I like watching at the price, so that if price goes down that's great. It will give me more time to accumulate since i just started accumulating Bitcoin. However monitoring the market doesn't mean I dont have lots of confidence in Bitcoin and also downturns dont bother me because I understand the nature of Bitcoin. For those who have long invested in Bitcoin for 3 to 4 years now I think having a good feel for the market can help you know when it's time to sell a little and take that sweet gains.

Perhaps you are right but however your perception and other investors may not be the same and also your Decipline and ways to handle some unforseen circumstances may also not be the same in times of seeing the price of Bitcoin dropping, actually I'm saying based on the experience I had when I started accumulating on Bitcoin and by that time I had no much knowledge about Bitcoin so I decided to buy on a certain price so after then I continue watching the Bitcoin price to see how fast is going to move, so however it was not up to two weeks and the price falls below my entering point so as someone who doesn't really understand much about Bitcoin then I began to panic as the price continues  to fall and it actually affected my emotions then. So it doesn't matter how well you can handle it but what matters is how most people who doesn't really understand Bitcoin will handle it if they continues to monitor the price movement of Bitcoin.

That's the reason I said is not mostly advisable to constantly be watching and monitor every price movement of Bitcoin on less you are a Lump sum investor.

I understand what you are saying, but it's not always easy for newbies to stop watching the daily movement of Bitcoin price, or constantly asking for what's the price of Bitcoin today. I think this is necessary in preparing them to also understand the process. You know a child will start crawl before he/she can walk and run. Even if you advise them not to do so they won't listen, at some point every investors went through such emotional problems that's associated with monitoring the daily price of Bitcoin.

[FinePoine0]

This diagram explains a little bit of how most of the investors react to there investment whenever they see the price of Bitcoin moving this way, the first thing that would come to there mind is that Bitcoin price is about to fall and before they realizes themselves they had already started panicking and even selling there Bitcoin.

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.



Source: https://www.coinbase.com/learn/advanced-trading/reading-financial-charts

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

The more market research you do the more you will want to sell your accumulated bitcoins. So it is better to invest in Bitcoin by looking at charts, because those who want to invest for long term must invest in DCA method in Bitcoin weekly or monthly. Investing in DCA method is so good that only the person invested can realize it. You sell bitcoins at different prices and on average your purchase price will be much lower. This is why the DCA method is the most popular and best among people because of its wide range of effectiveness.

[Miles2006]

If I'm not mistaken your friend could be a beginner because that's what most beginners who just started accumulating Bitcoin normally do..

I doubt that it us only beginners that does this, from what I understand, it is the mindset that they used to venture into bitcoin investment that will control your emotion and thoughts. There are still some people that are old in bitcoin that are also carrying out such practice, because they never have any plan to invest for a long period of time and also to have a bitcoin target and how to achieve it.

However, sometimes it works for them and they feel that they are smart but not knowing that they were only lucky to sell at the right time and the price of bitcoin dips to favor them, but most times they make wrong decisions and sell thinking that the price will dip but only for the price to keep pumping and they will regret their actions because they will not be able to buy back till they miss out.

This is why a newbie should have a long-term goal mindset with a bitcoin target, so that s/he can stay focus on accumulating with regular DCA at any time either in the bull or dips to grow his/her bitcoin portfolio. With this, you will never think of selling until you have reached your bitcoin target or very close to your bitcoin target, as long as he has made available emergency funds and reserve funds down.

Why do they panic, because they put in large amounts of money and they sell quickly because they are not yet strong enough to accept the reality that prices fall quickly. That's the big difference when they put in big money but don't have the strength to hold it any longer. In investing, the money we use is of course money that we do not use for our living needs, so we will be ready to accept whatever risks occur in our investment journey. For those who target fast profits by buying instantly or more aggressively with all the money they have, of course this will be a big risk if they are not ready to see market changes so quickly.

In this thread in a JJG post where JJG says that for beginners it is better to start investing with a smaller value with dca like $10 and can increase it slowly, this is of course to strengthen our mentality in our investment journey. We can't climb the ladder by going through 10 stages because we need to move one step at a time and that's a good strategy for beginners.

This is the problem of most investors they end up not making profit due to their high expectation, the strategy of buying with little amount for beginners is a great idea but not for only beginners, a lot of investors who claim they know what they're doing and end up with loss, the ones with low income can adopt this method, for example a salary earner with little income after receiving monthly salary it's best to make a budget, bitcoin investment should be added to the list every month 10% or 15% use in accumulating bitcoin, if investors with little income can follow this process every month the investor will be stress free and can settle other financial problems rather than using a huge amount in accumulating, I will like to observe investors like this I believe they will always want to check the price almost everyday and when it doesn't get to their expectation they end up selling without a target, in long term investment bitcoin is the best but what most people fail to understand invest the little you can afford.

From my observation not all investors will end up making profit for example the ones that never get satisfied with their investment they always want more using the money meant for food stuffs etc to accumulate more they will always end up selling without a target to settle family needs, the hasty and confused ones moving from different coin for quick profit forgetting investment like this needs consistency  and patient.

[Hewlet]

Content creator have two side when promoting about bitcoin as way how to get huge traffic with their content and another way to make their channel more be popular.  not.

content creators don't just promote Bitcoin, what they do is to promote platforms that can be used to buying, selling and trading of bitcoin and other cryptocurrency and they are mostly paid by the owners of such platforms to run the advert for them and so whatever they say in course of making the advert is purely a scripted stuff that is giving to them by these platforms and this is the major reason you shouldn't consider what they are saying as a financial advise or the best strategies to be used.

[JayJuanGee]

most people for victim of regret in their investments because they lack the know how on investment and hence refuse to seek professional economist advise.

Even though I agree that there are likely advantages to learn from people with more experience, we still need to be careful in regards to both understanding the source of our information and also to make sure that we are coordinating the information that we learn with our own experiences and knowledge of our own situation in order that we attempt to make the right decisions for ourself.

And, if we have doubts about what to do there are ways to hedge our risk with position size.. that we can adjust in accordance with our learning.  

A lot of our learning should relate to knowing ourself and figuring out our own cashflow situation, but of course there are other areas of learning too, such as the ones that I listed in my 9 areas to consider and to build.  I am a bit bothered by the idea of "professional economist" - whether you are referring to some kind of a consultant who knows about investing, but many of the folks that we understand to be current professional portfolio advisors do not tend to advise about bitcoin because there is hardly no way that they can charge fees with bitcoin, even though in the future, there are more and more products that allow them to take a fee.. whether the bitcoin spot ETF that is likely to be approved and maybe some other bitcoin related product that might be available, but still there are a lot of disadvantages to holding those kinds of products as compared with directly holding bitcoin.

I doubt any of those kinds of biases are going to go away when it comes to consulting with professional investment advisors, even though surely there may be some of them who are able to still help you without directing you towards products in which they get a cut.

However in times of Bitcoin accumulation and holding is not mostly advisable for an investors who doesn't really understand the potential of Bitcoin to always monitor the price movement of Bitcoin because they could easily be influenced by just a normal price consolidation thinking that the price is about to fall without knowing that the price doesn't just moves straight without consolidating at some certain zone at times.

There is nothing wrong looking at the price movement of Bitcoin consistently. I like watching at the price, so that if price goes down that's great. It will give me more time to accumulate since i just started accumulating Bitcoin. However monitoring the market doesn't mean I dont have lots of confidence in Bitcoin and also downturns dont bother me because I understand the nature of Bitcoin. For those who have long invested in Bitcoin for 3 to 4 years now I think having a good feel for the market can help you know when it's time to sell a little and take that sweet gains.

When I first got into bitcoin in late 2013, I was not really sure about a 1-2 year investment into bitcoin minimum.. but with the passage of time, it seems that the investment case for bitcoin in the long term is even greater, so I doubt that 3-4 years is a long term investment, and if you are planning on cashing out for "sweet gains," then you are surely only thinking in terms of short-term dollar gains rather than planning for a possible lifetime in which you might always own bitcoin absent some kind of notice that you might not be living very long and then decide to cash out  more of your bitcoin within that kind of a context.

Sure one of the problems with older people who might be 65 years or beyond, they might start to feel that they are not really able to sacrifice a lot of liquidity, so they might be worried about their abilities to invest in the long term, and surely a person who is younger with health conditions might have similar difficulties in terms of his/her investment time horizon.    No one can tell you what is your investment time horizon, or what you believe might be a better investment than bitcoin to put your "sweet gains" rather than merely letting your bitcoin investment ride and letting the gains roll over into the potential of more gains when your BTC investment compounds and compounds and compounds.. and yeah, there are no guarantees, and probably the lack of guarantees causes you to feel that there might be some advantage to realize your supposed "sweet gains" rather than merely allowing them to roll over until you reach a higher stage of actually knowing what might be the reason that many longer term bitcoin holders have way more wealth related options as compared to those who are not able to hold through even a whole cycle.

[liuka]

When I first got into bitcoin in late 2013, I was not really sure about a 1-2 year investment into bitcoin minimum.. but with the passage of time, it seems that the investment case for bitcoin in the long term is even greater, so I doubt that 3-4 years is a long term investment, and if you are planning on cashing out for "sweet gains," then you are surely only thinking in terms of short-term dollar gains rather than planning for a possible lifetime in which you might always own bitcoin absent some kind of notice that you might not be living very long and then decide to cash out  more of your bitcoin within that kind of a context.

Sure one of the problems with older people who might be 65 years or beyond, they might start to feel that they are not really able to sacrifice a lot of liquidity, so they might be worried about their abilities to invest in the long term, and surely a person who is younger with health conditions might have similar difficulties in terms of his/her investment time horizon.    No one can tell you what is your investment time horizon, or what you believe might be a better investment than bitcoin to put your "sweet gains" rather than merely letting your bitcoin investment ride and letting the gains roll over into the potential of more gains when your BTC investment compounds and compounds and compounds.. and yeah, there are no guarantees, and probably the lack of guarantees causes you to feel that there might be some advantage to realize your supposed "sweet gains" rather than merely allowing them to roll over until you reach a higher stage of actually knowing what might be the reason that many longer term bitcoin holders have way more wealth related options as compared to those who are not able to hold through even a whole cycle.

I am amazed at those of you who are able to hold Bitcoin for a long period of time. Have you encountered any major obstacles such as worrying that the price will go to zero in the time you have spent on your bitcoin investment?  So far you have made quite a big profit in the Bitcoin you bought in 2013 and my question is whether you will use Bitcoin as an asset for your retirement in the future. I want to invest as well as possible in bitcoin by waiting for cheaper prices to accumulate bitcoin.
Of course, the target time for investing in Bitcoin can be a lifetime or some of them can use Bitcoin as an asset for their children when they have children. I think someone who understands the times will invest their money in bitcoin rather than saving it in the bank.

[JoyMarsha]

So it doesn't matter how well you can handle it but what matters is how most people who doesn't really understand Bitcoin will handle it if they continues to monitor the price movement of Bitcoin.

That's the reason I said is not mostly advisable to constantly be watching and monitor every price movement of Bitcoin on less you are a Lump sum investor.

We can also say that only a newbie would notice a decline in the price of bitcoin and become anxious about losing their investment. However, for someone who believes in bitcoin, an increase or decrease in price won't stop them from viewing their wallet at any time they feel like because they understand that any price they see will benefit them in some way.

A price decrease will allow them to accumulate more bitcoin. An increase will allow them to decide whether to sell their bitcoin holdings for a profit or not.

[Fausto Arta]

Since the price of bitcoin has down from $44,000 to $41,000, so I think a buy on dip strategy is worth considering now. I don't think such a correction will last long, especially since the halving and ETF have been the reason for the big rally. Personally, DCA isn't really needed right now, lump sum seems to be the best option.

[cakravothy]

even though the price of the coin is now decreasing, the current price is still far from its lowest price, so if you want to buy in dip, you have to wait even longer, because soon there will also be a 4-year halving event, the price of the coin will go up not down.
but I think buying now is no problem, because halving will cause the coin price to rise high

[JayJuanGee]

When I first got into bitcoin in late 2013, I was not really sure about a 1-2 year investment into bitcoin minimum.. but with the passage of time, it seems that the investment case for bitcoin in the long term is even greater, so I doubt that 3-4 years is a long term investment, and if you are planning on cashing out for "sweet gains," then you are surely only thinking in terms of short-term dollar gains rather than planning for a possible lifetime in which you might always own bitcoin absent some kind of notice that you might not be living very long and then decide to cash out  more of your bitcoin within that kind of a context.

Sure one of the problems with older people who might be 65 years or beyond, they might start to feel that they are not really able to sacrifice a lot of liquidity, so they might be worried about their abilities to invest in the long term, and surely a person who is younger with health conditions might have similar difficulties in terms of his/her investment time horizon.    No one can tell you what is your investment time horizon, or what you believe might be a better investment than bitcoin to put your "sweet gains" rather than merely letting your bitcoin investment ride and letting the gains roll over into the potential of more gains when your BTC investment compounds and compounds and compounds.. and yeah, there are no guarantees, and probably the lack of guarantees causes you to feel that there might be some advantage to realize your supposed "sweet gains" rather than merely allowing them to roll over until you reach a higher stage of actually knowing what might be the reason that many longer term bitcoin holders have way more wealth related options as compared to those who are not able to hold through even a whole cycle.

I am amazed at those of you who are able to hold Bitcoin for a long period of time. Have you encountered any major obstacles such as worrying that the price will go to zero in the time you have spent on your bitcoin investment? 

Sure, bitcoin has been a rollercoaster ride over the last 10 years, yet being able to stay in bitcoin or any other investment for the long-term, there is a need to make sure to adjust position size, and if you are a brand new investor (and your only investment is bitcoin - besides cash that you might have), then you might have to take different measures as compared with someone who might come into bitcoin after already having several other investments, so then bitcoin just gets added into the mix of an already existing investment portfolio.   

So far you have made quite a big profit in the Bitcoin you bought in 2013 and my question is whether you will use Bitcoin as an asset for your retirement in the future. I want to invest as well as possible in bitcoin by waiting for cheaper prices to accumulate bitcoin.

Many times, I have already said various things that I had done and what I am doing, so I am not really sure how much that would matter to how  you might decide what you might do, since you still have to figure out your own bitcoin investment amount and your various BTC accumulation strategies in accordance with your own situation.

If you are thinking that you want to get to a certain level of investment into bitcoin because you want to be able to live off of bitcoin, then it can take a long time to get to that point, and you cannot necessarily rush matters, except maybe if you had concluded that bitcoin is a good investment, then maybe you decide that you want to be aggressive in terms of your own bitcoin investment approach, and there is nothing wrong with being aggressive, as long as you do not overdo it... so you want to stay in the game and continue to build.. even if sometimes it might seem that the building process is slow...

Many people take 30-40 years or more to build their investment for their ability to retire and/or to get to fuck you status, and surely a lot of people do not even make it to a point in which they are able to retire early... so if you are able to cut down the time that you get to fuck you status from 30-40 years and down to 15-20 years, then you have likely done quite well with such an accomplishment, or even if you still end up taking 30-40 years to get to fuck you status, you may also rest assured to having had been able to get to such status, because it is quite an uphill climb to even be able to get to such a status.. and I doubt that any of us can rush getting to such a status, even if we might have some of the possible and potential advantages of both knowing about bitcoin and planning to actually act upon such knowledge.. rather than merely talking about it or wishing it.. .. because making progress takes action and persistence.. and sometimes it may well be difficult to measure the extent to which progress is happening or not.

Of course, the target time for investing in Bitcoin can be a lifetime or some of them can use Bitcoin as an asset for their children when they have children. I think someone who understands the times will invest their money in bitcoin rather than saving it in the bank.

You can have a combination of investments, and surely kids cost quite a bit of money but they could also be considered as a kind of investment, and the extent to which you have money in the bank or you have other kinds of investments will have to do with your situation, and surely I doubt that it would be a good approach to completely avoid and/or ignore banks, even if you might develop an investment approach that prioritizes your allocation to bitcoin.. but you still might be in a different position in your first few years investing into bitcoin as compared to where you might be after a whole one or two cycles investing into bitcoin (considering each cycle as 4-ish years).

So it doesn't matter how well you can handle it but what matters is how most people who doesn't really understand Bitcoin will handle it if they continues to monitor the price movement of Bitcoin.

That's the reason I said is not mostly advisable to constantly be watching and monitor every price movement of Bitcoin on less you are a Lump sum investor.

We can also say that only a newbie would notice a decline in the price of bitcoin and become anxious about losing their investment. However, for someone who believes in bitcoin, an increase or decrease in price won't stop them from viewing their wallet at any time they feel like because they understand that any price they see will benefit them in some way.

A price decrease will allow them to accumulate more bitcoin. An increase will allow them to decide whether to sell their bitcoin holdings for a profit or not.

That sounds pretty short term to be thinking that an increase in price causes long term investors to consider to sell versus merely being happy that their investment is going up in value (so they get reassurance from the BTC price going up), but if they have an investment timeline of 4-10 years or more, then why would they get inclined to sell merely because the BTC price is going up?  Are you presuming that they have already overly accumulated BTC , and if so how much do they have that they are starting to consider selling BTC rather than just continuing to accumulate and feel good about increased prices because their past investments are  appreciating in value?

Since the price of bitcoin has down from $44,000 to $41,000, so I think a buy on dip strategy is worth considering now. I don't think such a correction will last long, especially since the halving and ETF have been the reason for the big rally. Personally, DCA isn't really needed right now, lump sum seems to be the best option.

Some people do not have any choice regarding lump sum.   If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

[Sim_card]

Since the price of bitcoin has down from $44,000 to $41,000, so I think a buy on dip strategy is worth considering now. I don't think such a correction will last long, especially since the halving and ETF have been the reason for the big rally. Personally, DCA isn't really needed right now, lump sum seems to be the best option.

Some people do not have any choice regarding lump sum.   If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

You are right JJG, the regular DCA is the only option for people that don't have extra cash to lump sum or that didn't prepare for the price of bitcoin to go down to this price. Another thing is that if you have the funds to lump sum now and you will not DCA according to Fausto Arta, it is better to share the money into three parts, use one part to lump sum, use the second part to buy at the dip and use the last part for your regular DCA, so that your bitcoin portfolio will keep on growing rather than you lump sum with all the funds. This is because if you lump sum alone, what if bitcoin price dips below the price that you lump sum on, that might cause regrets of your action and since you are on a long term bitcoin accumulation journey is is good to buy with DCA for consistency increase in portfolio.

[Publictalk792]

Some people do not have any choice regarding lump sum.   If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

I understand that some people don't have a choice when it come to investing a large amount of money at once. If someone has  fix income and not have much extra money... they may not be able to save a lot for buy investments when the prices are low. In these cases they may have to keep investing a little bit of money regularly. But it is important to think about ways to make more money or spend less so they can save more for investing. It's about finding the right balance between regular investing and taking advantage of good opportunities in the market. And this is only Bitcoin where they can believe in.

[Aanuoluwatofunmi]

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.

Are your really waiting for someone to help you do what you would have sat down for and have a finished work on, many of these charts you're seeing members posting were extracted by themselves from the price chart for them to talk about, this is why we must learn to do things on ourselves and also make our own personal research about the bitcoin network and the market price speculations, even content creators could be wrong sometimes about their assumptions, we need to learn how to do our own research for he benefits of our own good.

[Justbillywitt]

While you might be right about some investors monitoring the price movement of Bitcoin and the possibility of it influencing them to sell when they see price going down or consolidating. You can't also take away the fact that some are doing that in order to learn the daily, weekly and monthly charts or movement of Bitcoin. Lots of people do this to be able to make their weekly contents for their audience who follows them on social media.

I don't think it's wrong if content creators take advantage of this moment to present data and information about daily, weekly and monthly movements and, if necessary, correlate it with the investment model with DCA. It's just that we take the positive points if they contain what was conveyed by the content creator, just use them if not, just ignore them. I think it's safe.

Are your really waiting for someone to help you do what you would have sat down for and have a finished work on, many of these charts you're seeing members posting were extracted by themselves from the price chart for them to talk about, this is why we must learn to do things on ourselves and also make our own personal research about the bitcoin network and the market price speculations, even content creators could be wrong sometimes about their assumptions, we need to learn how to do our own research for he benefits of our own good.

No I didn't say I will let someone do anything for me. We were talking about screen monitoring for some newbies who are just new into Bitcoin investment. Someone said it's not good for newbies to be monitoring price movement as it might make them sell their Bitcoin once their is a price dip, either for consolidation or just a dip. We were talking about why some investors and others monitor the price of Bitcoin, that it could be for different purposes.

[Jaycoinz]

Some people do not have any choice regarding lump sum.   If they have $2,400 coming in per month, and they have between $50 and $100 per week that they are able to spend on Bitcoin, then maybe they are choosing to buy BTC every week, but surely if they save some extra on the side for buying on dips, maybe they don't have a lot that is set aside, so they still might not have much choice but to invest whatever extra cash flow that they are able to generate by increasing their income and/or by reducing their expenses, and maybe once in a while they might be able to get some extra cash coming in that they would have the ability to decide the extent to which lump sum and buying on dips might be preferable to just continuing with their ongoing practice of DCA.

I understand that some people don't have a choice when it come to investing a large amount of money at once. If someone has  fix income and not have much extra money... they may not be able to save a lot for buy investments when the prices are low. In these cases they may have to keep investing a little bit of money regularly. But it is important to think about ways to make more money or spend less so they can save more for investing. It's about finding the right balance between regular investing and taking advantage of good opportunities in the market. And this is only Bitcoin where they can believe in.

I don't know why the need to stress oneself is compulsory because I believe before ever anyone would think of an investment, proper assessment of your income flow needs to be checked as not everyone is an high earner that can easily save up a portion of their earnings that's why it's important to secure at least more than one job or have multiple income flow because without this aspect of thought one can be tempted to touch or sell their investment bit by bit to meet up with life struggles.

The DCA method can be helpful and also the notion to always buy on dips because that would be an advantage for them as one can get a good amount of Bitcoin secure but the issue will be that this needs to be done consistently.

Also their is fact that not all investors actually get to achieve their way because of the lack of planning even the one's that has lots of cash to cover up their DCA plans as commitment to the plan is also another that people actually miss out on the important window to stack up some coins when they have the chance to buy the dip.

[SmartGold01]

The Bitcoin market is bullish now so after you invest in Bitcoin the price of Bitcoin may have increased a bit for which you think you may have made a profit as you invested but this profit is temporary.

It is quite exciting seeing some gains in the market but I think it is too early to conclude that we are in a bullish market. There still chances of this being a bull trap. A lot of theories have been postulated as to why the market is rising, some believe it is rumors of Bitcoin ETF approval while some believe it is as a result of Ordinals, that is NFTs on the Bitcoin Network. If the former is true and Bitcoin ETF did not see the light of day at least for now, the market might dropped drastically even though we don't know the extent to which the drop will be but surely the market will respond accordingly. This will confirm that we are really still far from being in a bull market as many things are still hanging in the balance. As we approach Q1 of 2024, a lot of things will become clear.

Nevertheless, the wise thing to do now is to continue to collect Bitcoin with whatever method you are using because the bull market will eventually come even though we are not certain when it will happen. In line with the topic of the thread, "Buy the DIP, and HODL"

I don't really like the idea of flip-flopping back and forth from we are in a bear market or we are in a bull market, and so sure, you may be correct Odohu that the bull market has not been confirmed yet, but I doubt that you are correct that we are not in a bull market.   Almost always there are corrections along the way, but that does not take us out of the bull market, unless maybe we go back to test the bottom such as $15,479 or maybe even getting below $20k or something like that.

Sure, you are free to talk about these markets as if they are flip flopping, but I doubt it brings vary much clarity to frame them in that kind of way. 

So if we look at our current situation, we had a low of $15,479 in November 2022, and so the BTC price has been moving up ever since then with several corrections along the way, and yeah, the mere fact that we went from the most recent local low of $24,920 in early September to our current high of $37,978, it does seem to appear that we could have some pretty severe corrections from here that could even go back down to the local low and maybe even lower, but surely a decent amount of space has been created between the two, and perhaps it will be difficult to get back down to that September low of $24,920, and maybe getting back below $30k might also be difficult, even though we surely are not very far away from $30k.. but even having had said all of that, sometimes in bitcoin's historical price performance, it does not go back to those previous prices, so if we end up getting more UP before down, then it could contribute to some difficulties in getting back to those kinds of lower prices such as either below $30k or below or touching upon the 200-week moving average which currently is at $28,622.

Yes, we know that the BTC price can go either way, and the BTC price is especially vulnerable to a deep correction when it has gone up quite a bit in a short period of time, but I doubt that means that we would be flip flopping from bear to bull and then back to bear.. when maybe we might be getting caught into semantics a bit in terms of trying to describe where we are at and what is the current trend.

You are correct sir

From the market direction it has proven and broken all indications that we are no longer in bear or having to say from Odohu that we are going to witnessed any dip currently, even though there will be, it could just be a market correct which I know won't go below $29k if at all it would go... This is not possible even though we can say that BTC is highly volatile but that doesn't mean that is a flip flop, there could be a little sideways movements but this won't entirely affect or effects the entire direction of bitcoin price to start dipping down in a way to go against its principle as they said " That we have the Bull and Bear season" Which we are currently on the bull run compared to where the price was right in the beginning of this year or do I say last year yet the market didn't disobey its principle.

It can be tempting for the price but there isn't a way the price would go against how its designed and configured, even though there are any kind of news that may hit the market so hard but that doesn't mean it would instantaneously changes its direction to bear sign or having to go below $29k although any thing is possible over here but with the fate and believe I have so far in bitcoin progression and the history never seized to repeat itself.