Buy the DIP, and HODL!

[jcojci]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

And now, at the weekend, we see the price of bitcoin regaining its red candle. Maybe this has become a habit of bitcoin prices getting corrections at the weekend. Well, the current situation must be used to buy bitcoin. As for the amount, it is adjusted to the DCA plan that we made.

[Taskford]

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

For having that decision not to buy on that situation it determine that they have lack of knowledge on certain condition since they are still doubting while bearish situation to happen. Can't also blame them since massive scare scattered at that time that's why that affect there decision making to accumulate some volume when the market is currently in bearish condition.

But once they gain experience since there's no late on everything about bitcoin for sure they would provably join us so I guess we should let those people learn about how to deal with volatile market of bitcoin.

For sure they can develop some good strategy in future and decide either they do DCA or do long term hold so maybe they just need to experience everything then bitcoin investment will go smooth for them in future especially if they are consistent on monitoring the market.

[summonerrk]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

And now, at the weekend, we see the price of bitcoin regaining its red candle. Maybe this has become a habit of bitcoin prices getting corrections at the weekend. Well, the current situation must be used to buy bitcoin. As for the amount, it is adjusted to the DCA plan that we made.

Your reasoning that the candle changes its direction towards the end of the work week is correct. As a rule, it often decreases, and it does not matter whether it was green or red. This means that a small correction is taking place, and it is due to the fact that many traders are summing up the results of the week, or simply closing positions because they need money for the weekend. Of course, this is not such a global closure of positions as before the new year or at the end of the financial period, but we can see it.
Also, near DIP or ATH you can see small or “collapsed candles” (sharp), they mean uncertainty of opinions among market participants.

[Litzki1990]

One of my neighbors is a brother working in the company, and the Job tenure is nearing its end. But he could not deposit any money, a small amount was deposited in the bank. Due to increasing corruption within the country, the condition of the bank is very deplorable. And he withdrew the money from the bank, and came to me asking for some kind of wisdom as to what he was going to do with the money. But I have been familiar with Bitcoin for about 1½ years, so I presented him with some information about Bitcoin.  
The benefits of Bitcoin investment are several times higher than the bank, and if Bitcoin can be invested for a long time, it will be possible to own more Bitcoins in the future. Given such advice and he agreed to invest in Bitcoin. I bought him the first bitcoin for $42.5k. And after some time came to see the profit share. And I made it clear to him that if you are able to invest in DCA method then you will never expect any benefit, because it will continue this investment until your job is over. This Bitcoin will come in handy in your old age and he introduced a powerful Bitcoin Trezor wallet, where Bitcoins will be stored.

Your friend works in a private company and it was from you that your friend first came to know about investing in Bitcoin. That is to say that your friend is brand new to bitcoin investing and as you said investing in bitcoin can make a lot of money compared to banks. If you say something positive about something new to a new person, they will be more interested in working on it without thinking twice, and your friend was no exception.  

You have only told your friend about the positive aspects of investing so your friend has become more interested in investing in Bitcoin but you have not told him about the risk of investing. How do you explain to your friend when the investment does not yield as expected or when your friend suffers a temporary financial loss due to market volatility? You have invested your friend with high hopes but since he has no idea about investment, his money will suffer a bit if the market is temporarily dumping and at that time he will question you that if you said investment will make a lot of money then why his money has lost. This means that your friend's trust in you will be lost and he will start distrusting you even though your friend has no idea about investing. You are not getting any profit by getting your friend interested in investing, so don't be in such a hurry and tell him about the investment first. After explaining the details, if he can take the risk and hold his investment for a long time then the investment is fine for him. There is no need to do good to your friend if you are distrustful of him while doing good.

For those who are like you, I would like to say that there is no problem in discussing the investment with your neighbor or friend but definitely discuss it in detail and then ask to invest so that the investor cannot blame you later.

[Crypto_I.N]

snip-

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

And yes we don't know whether it will grow or not, therefore we need to continue monitoring and know when we should sell, buy or hold.

And honestly, with this discussion forum, I learned a lot from people who first entered the world of crypto/bitcoin and it really helped me as a beginner.

[G_Besar]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years. And I think you yourself also understand how investment works because you have mentioned that there must be patience and analysis before someone invests in something.

And yes we don't know whether it will grow or not, therefore we need to continue monitoring and know when we should sell, buy or hold.

And honestly, with this discussion forum, I learned a lot from people who first entered the world of crypto/bitcoin and it really helped me as a beginner.

Monitoring must always be there for everyone under any circumstances, especially when someone has bought and held it for a long period of time. Because selling is for the purpose of making a profit, while buying and holding what has been bought is part of an effort to make a profit. So it is quite clear in this case that everyone really needs to sort out these three things if they want to get a profit with the desired target amount, because it all starts with the best efforts and hopes in the market.

[Mayor of ogba]

What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.

Buying in lump sum can also be good for the short term investment as to those who finds it necessary, maybe a period of 2 years. Imagine those who bought Bitcoin when the price was down as $15k and checking out the current price now that is already enough profit, now holding for a minimum of 2 years this is a blown up investment.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

In terms of who would hold Bitcoin much longer comparing both the rich guy and poor guy, it may be from personal decisions on holding that long but i think the rich dude will hold longer as he has all he needs and with the knowledge of Bitcoin altering his investment wouldn't matter to him cause he has many more to comply for his needs. The rich mindset in terms of investment are just too professional, they build the mentality of longer term investment than a shorter one.
A poor guy is faced mainly with certain challenges which at a point it becomes an option to sell, yes its compulsory that we must sell when due even the rich guy would sell but in terms of a poor man it may occur precisely the urgency to sell of his portfolio not because he wants to but just that a need arise which his emergency funds would not be of good help to him. In terms of commitment the poor guy will be more committed in investing than the rich guy because he knows how hard it is to raise such money to carry out his DCA.

For me I think the poor guy has the tendency of holding Bitcoin for a longer time. The rich guy who invented with a big money will see a huge profit once there is a little positive shift in the market. But the poor guy whose investment is not that much won't see that big profit in that short positive price movement, hence the need to hold for a longer time till when Bitcoin makes a reasonable price movement let's say from its current price to like $80,000 to $100,000. Unlike the rich who will see a big profit if price move from current price to $46,000 to $50,000.

I disagree with you on this mate. After all, a rich guy will be the one who will hold his bitcoin for the long term even though he sees a reasonable profit because the rich guy knows if he continues holding his bitcoin the profit will be bigger, and the rich guy still have enough money to live comfortably, while the poor guy can easily sell his bitcoin once he sees x4 or x5 profit on his bitcoin investment because he has not made such money in his entire live. The poor guy will be happy to sell his bitcoin and use the money to better his live.

[JayJuanGee]

For me I think the poor guy has the tendency of holding Bitcoin for a longer time. The rich guy who invented with a big money will see a huge profit once there is a little positive shift in the market. But the poor guy whose investment is not that much won't see that big profit in that short positive price movement, hence the need to hold for a longer time till when Bitcoin makes a reasonable price movement let's say from its current price to like $80,000 to $100,000. Unlike the rich who will see a big profit if price move from current price to $46,000 to $50,000.

I see your points but being poor comes with certain criteria whereas you keep checking your portfolio and the urges to sell comes in but the rich has nothing to worry about, all they care for is as long they are free from scammers and their Bitcoin is somewhere safe, they do not even care about the price movement, even during the Dip they sees it as an advantage to keep accumulating more and more, they do this because they have much money outside their investment, some might just keep holding because they want to keep wealth for their too come generation but some poor persons holds Bitcoin just because they need something to elevate them from poverty and they see Bitcoin as something of that nature.

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

I do not know how efficient the strategy of waiting for the price to begin increasing before deciding to enter into the market, i think its a poor method or strategy to implement. Some days might begin with a green long candle and there thinking the bull has begin not knowing the market will eventually return back, the market is volatile and no assurance of predicting so accurately. So it should be considerate enough to taking advantage of every Dip and buy more or buy frequently at intervals by implementing the DCA strategy.

I completely agree that each of the newbie accumulators need to mostly focus on DCA, and if they want to try to wait and time dips, they also should be putting deadlines on themselves, so for example, if they have a weekly DCA, and they want to try to time the dip within each week, then they try to time their BTC buy for when the price seems to be most dipped within the week, but if the price is only going  up, then they are going to have to have a deadline.. such as Saturday at noon or whatever time in which their definition of the week ends and the new week begins, so they make themselves buy by the deadline if they had not bought earlier in the week.

[edited out]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Yep it is much better to figure out ways that you buy when the price comes to you, rather than your chasing the price around, and if the price does not come to you, then you just buy at whatever the price happens to be at the time of your deadline.. if it is weekly, twice a month, monthly or whatever is your regular buy timeline... I recommend weekly for newbie investors.. it is much more manageable and keeps you active rather than a more passive and/or spread out time frame.

[edited out]

For having that decision not to buy on that situation it determine that they have lack of knowledge on certain condition since they are still doubting while bearish situation to happen. Can't also blame them since massive scare scattered at that time that's why that affect there decision making to accumulate some volume when the market is currently in bearish condition.

But once they gain experience since there's no late on everything about bitcoin for sure they would provably join us so I guess we should let those people learn about how to deal with volatile market of bitcoin.

For sure they can develop some good strategy in future and decide either they do DCA or do long term hold so maybe they just need to experience everything then bitcoin investment will go smooth for them in future especially if they are consistent on monitoring the market.

I am not sure if I would call it lack of knowledge or even lack of experience, but some kind of lack of confidence and appreciation of the value of acting rather than fucking around trying to figure out which way the BTC price is going to go in the short term..

So if they commit to the longer term, it is likely not going to make a lot of difference to their portfolio if they are spending so much time waiting around, rather than acting, and the practice of acting will likely result in more BTC based on ongoing conviction to buy no matter what every week, even if some weeks it might only be $10 and other weeks $100 and other weeks some  other amount, and so if they earn a certain amount of money every month, and then they give themselves a weekly allowance for buying BTC, and then by the end of the month they buy the BTC allotted in the allowance and they get another allowance the next month, and sure some months and weeks might have variability and uncertainty in how much they are able to buy, but there is value that comes from ongoing conviction to buy and acting upon that conviction.

And depending on how much they are able to budget towards buying BTC, it could take 4-10 years or longer to even see meaningful results, but if they have a income that allows them to invest between $40 and $600 per month into BTC, depending on how things go, and then maybe once or twice a year, the receive extra funds from other jobs or maybe a bonus or maybe some surprise payments, then they can take that extra income and figure out how much of it is going to go into BTC.. so maybe they get $2k, and then they decide to allocate $1,200 to BTC and the other $800 to some other things that they have going on or want or need to do, and then they consider whether to divide the $1,200 into the three categories of buying on dips, lump sum and/or DCA... so if they are active they can decide right away how they are going to divide it, and part of what they decide is going to be based on other aspects of their BTC accumulation that had already happened, as well as other individual factors (including considering the 9 factors that I mention in my other post).

snip-

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

And yes we don't know whether it will grow or not, therefore we need to continue monitoring and know when we should sell, buy or hold.

And honestly, with this discussion forum, I learned a lot from people who first entered the world of crypto/bitcoin and it really helped me as a beginner.

If you are thinking about when you should buy, sell or hold, then you have a traders mindset.

Sure, it is good to have an exit strategy for any investment, yet with something like bitcoin it is probably better to figure out your investment size as if you are investing 4-10 years or longer.  So if you cannot invest into bitcoin without thinking about when you are going to sell, then maybe you should either not be investing into it or maybe you need to figure out a smaller position so that you are not using money that you are going to need in less than a full 4 year cycle, and really if you are thinking about the potential of meaningful wealth then you should be considering that even if you are reassessing at various points along the way, the main point should be ongoing BTC accumulation until you have accumulated enough to put  yourself into a decently good position with options.  And, you generally should not be considering the accumulation of BTC by using selling techniques.  The best way to accumulate BTC and to put yourself into the right mindset is to consider various ways of accumulating such as DCA, lump sum investing and buying on dips.

Hopefully you figure out these matters for yourself.. and also of course, we frequently talk about the creation of an emergency fund, also so that you never have to sell any of your BTC except at times that are completely of your own choosing... and some of the problems of newbie investors is that they think that they have to trade, they fail/refuse to establish a sufficient emergency fund, they get distracted into shitcoins, so hopefully, you can avoid some of those kinds of potential pitfalls in your BTC accumulation journey.

By the way, above you mentioned "crypto/bitcoin."  Fuck crypto (and shitcoins) we are talking about bitcoin in this thread, so if you are messing around with shitcoins, then hopefully, you are keeping them to less than 10% of the size of your bitcoin holdings, to the extent that you are even tempted to gamble/trade rather than to invest, and generally speaking investing does not work with shitcoins.. you have to figure your in and out strategies with them, and we are not talking about those kinds of topics in this thread, except maybe just to denigrate them from time to time.

[edited out]

I disagree with you on this mate. After all, a rich guy will be the one who will hold his bitcoin for the long term even though he sees a reasonable profit because the rich guy knows if he continues holding his bitcoin the profit will be bigger, and the rich guy still have enough money to live comfortably, while the poor guy can easily sell his bitcoin once he sees x4 or x5 profit on his bitcoin investment because he has not made such money in his entire live. The poor guy will be happy to sell his bitcoin and use the money to better his live.

You seem to be describing mistakes that poor people make in order to keep themselves poor forever... especially when they prematurely choose consumption when they likely have not made it.. 4x to 5x does not make them rich, even if they have put a whole year's salary into the investment.. because remember in order to get to fuck you status, the generally idea is to get to 20x to 30x of your annual salary/annual expenses, and then at that point you would be getting to the point of entry-level fuck you status. .and able to have more options to get yourself out of poor man's status.

Of course, no one has to completely get to fuck you status in order to benefit from wise investing, yet part of the problem with the poor guy selling at 4x to 5x in profits is that he may well have ONLY invested less than $10k, so even if he makes $50k out of the deal, he is still fucking poor as shit, and he should not be selling merely because he might want to consume and is able to get 5x profits.

So part of the problem of the poor guy is to figure out how to deal with how much his wealth has gone up on paper and to not be tempted by consumption.. and to figure out some strategy to manage it in a way that it helps him to achieve some kind of financial independence status rather than getting so caught up in the idea of short-term profit taking... and sure, it could be the case that selling som profits to reinvest could be a good idea, and it could be that selling some and treating oneself could be a good idea too, as long as there is some moderation to it, in the event that the person has not yet met his financial goals, but to sell it to consume or to buy a house or whatever is likely not a good idea, even if he has 4x to 5x profits.

The rich guy who put $100k to $1 million would have $500k to $5 million, but he still might not decide to sell all of it, yet the rich guy likely has other assets and other resources, that is why he was able to invest in the first place, 10x to 100x more than the poor guy.

[Justbillywitt]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.

[MusaPk]

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

Bitcoin DCA is open for everyone, as long as you are willing to invest at least 10$ in bitcoin every week there is good profit waiting for you, if you planning to invest for longer period. Here are result of investing 10$ a week for 10 years and 5 years.




https://dcacryptocalculator.com/bitcoin

"If you are born poor it’s not your mistake but if you die poor it’s your mistake." Whoever said this is very much true. As we are discussing on this thread, there are ways to improve your financial conditions for investing little amount in bitcoin for longer duration. Those who have enough cash can surely earn big here but there is room for those who have little cash with them.

[usekevin]

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

The standard of living can be changed by keeping the funds in the bitcoin for the longer period like 4-5 years.The bitcoin traders can skip to use the emergency funds in the bitcoin trading,but they can inverse the free money in the bitcoin trading.Some people use the free money for the gambling,but it was not sure with the profit from the gambling.But the bitcoin traders use the money to multiple by just holding in the bitcoin.Many people who hold since January 2023 was gain huge profits at the end of the year.This was the gift of many bitcoin traders when the bull run occurred before the Christmas of last year.

I completely agree that each of the newbie accumulators need to mostly focus on DCA, and if they want to try to wait and time dips, they also should be putting deadlines on themselves, so for example, if they have a weekly DCA, and they want to try to time the dip within each week, then they try to time their BTC buy for when the price seems to be most dipped within the week, but if the price is only going  up, then they are going to have to have a deadline.. such as Saturday at noon or whatever time in which their definition of the week ends and the new week begins, so they make themselves buy by the deadline if they had not bought earlier in the week.

The price of the bitcoin may vary in the same week,the bitcoin trader should buy at the bear market.Bitcoin is the only coin which has huge amount of day traders in the market,the minor change of the bitcoin price was used by the day traders to make the profit.The bitcoin had the halves this year,so many bitcoin holding people waiting for the next bull run from the 42k mark.Most probably the bitcoin price will reach the new all time high in the month of April and holder get a chance to win a profit from holding.

[Promocodeudo]

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

Bitcoin DCA is open for everyone, as long as you are willing to invest at least 10$ in bitcoin every week there is good profit waiting for you, if you planning to invest for longer period. Here are result of investing 10$ a week for 10 years and 5 years.




https://dcacryptocalculator.com/bitcoin

"If you are born poor it’s not your mistake but if you die poor it’s your mistake." Whoever said this is very much true. As we are discussing on this thread, there are ways to improve your financial conditions for investing little amount in bitcoin for longer duration. Those who have enough cash can surely earn big here but there is room for those who have little cash with them.

What you said is true, no one should wait until he or she is in a comfortable zone before they can invest, why many people are poor today is because they don't think about expanding their cost with their little finance, they think big which is not a problem but they despise starting from the foundation, though investment is a mindset, when you don't have it, it will be almost impossible for you to invest if the minimum starting amount for such investment is 1$.

For you as person to think about investment, you should possess the spirit of patience in you, for business or investment to flourish obstacles must occur at this time, you keep holding I know that it may seem impossible at the beginning but I know that we can scale through if really want to suffer and earn better in future.

My advice for any potential investor is that whatever you have, go in with it, don't delay further because any delay can be seen as a missed or lost opportunity and this can be regretted forever. 

[Ruttoshi]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

[JayJuanGee]

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

The standard of living can be changed by keeping the funds in the bitcoin for the longer period like 4-5 years.The bitcoin traders can skip to use the emergency funds in the bitcoin trading,but they can inverse the free money in the bitcoin trading.Some people use the free money for the gambling,but it was not sure with the profit from the gambling.But the bitcoin traders use the money to multiple by just holding in the bitcoin.Many people who hold since January 2023 was gain huge profits at the end of the year.This was the gift of many bitcoin traders when the bull run occurred before the Christmas of last year.

Yeah, but we are not really talking about trading or gambling here.  Of course, there can be ways to gain income from any source and then to use that money to buy bitcoin and to hold bitcoin for a long time, once the bitcoin is purchased.

I completely agree that each of the newbie accumulators need to mostly focus on DCA, and if they want to try to wait and time dips, they also should be putting deadlines on themselves, so for example, if they have a weekly DCA, and they want to try to time the dip within each week, then they try to time their BTC buy for when the price seems to be most dipped within the week, but if the price is only going  up, then they are going to have to have a deadline.. such as Saturday at noon or whatever time in which their definition of the week ends and the new week begins, so they make themselves buy by the deadline if they had not bought earlier in the week.

The price of the bitcoin may vary in the same week,the bitcoin trader should buy at the bear market.Bitcoin is the only coin which has huge amount of day traders in the market,the minor change of the bitcoin price was used by the day traders to make the profit.The bitcoin had the halves this year,so many bitcoin holding people waiting for the next bull run from the 42k mark.Most probably the bitcoin price will reach the new all time high in the month of April and holder get a chance to win a profit from holding.

If you are merely suggesting that the BTC investor/holder is doing better than the trader, then sure there is likely quite a bit of truth in that, and yeah many times the trader is going to have to employ some skills in terms of making sure that he is profitable no matter which way the BTC price goes, and surely some traders get reckt pretty bad, even if they are being conservative, if the BTC price keeps going up and they keep trying to figure out where to enter and the BTC price is not meaningfully and/or sufficiently correcting for their trade.. and so the buyer and holder does not have that same problem, and that is part of the reason that BTC has been such a great investment for so many years for the one who is emphasizing accumulating BTC and mostly holding for the long term, such as 4-10 years or longer.

[Justbillywitt]

You are not wrong Obim34 - however, the poor person should be trying to set himself up, to the best of his ability, so he does not have to think about or consider the possibility of selling his BTC, even if it becomes very tempting.  In other words, the greater and greater is the emergency fund, then the more likely all of the needs can be satisfied, and the BTC investment can continue to ride and serve as a kind of delayed gratification rather than considering that it needs to be tapped into in order to improve current needs or wants.

Maybe it takes 4-10 years or longer, before both the bitcoin portfolio and the emergency fund is built up high enough that other resources can start to be directed more towards current needs, wants and improving various aspects of the standard of living... and so there can be quite a bit of value in finding happiness in terms of living within your means and building your investment portfolio for a later date.. and hopefully you would not be so old in 4-10 years that you are not able to enjoy the various incremental ways that your BTC investment is likely to drag your standard of living upwardly with the passage of time.. even though it can seem like such a long time to get there.. especially for some guys who are investing in the $10 to $20 per week range, and it takes a year to invest $520 or $1,040, and it takes 10 years to invest $5,200 or $10,400.. so it could surely take a long time to build up your investment portfolio (including your BTC) in such a way that you might not feel as poor.. even if you still might not be exactly rich and might not be able to catch up to the rich person, but you can surely improve your own situation, even if you are disadvantaged in terms of the starting places of your finances.

Bitcoin DCA is open for everyone, as long as you are willing to invest at least 10$ in bitcoin every week there is good profit waiting for you, if you planning to invest for longer period. Here are result of investing 10$ a week for 10 years and 5 years.




https://dcacryptocalculator.com/bitcoin

"If you are born poor it’s not your mistake but if you die poor it’s your mistake." Whoever said this is very much true. As we are discussing on this thread, there are ways to improve your financial conditions for investing little amount in bitcoin for longer duration. Those who have enough cash can surely earn big here but there is room for those who have little cash with them.

What you said is true, no one should wait until he or she is in a comfortable zone before they can invest, why many people are poor today is because they don't think about expanding their cost with their little finance, they think big which is not a problem but they despise starting from the foundation, though investment is a mindset, when you don't have it, it will be almost impossible for you to invest if the minimum starting amount for such investment is 1$.

Investment is not just something you wake up one morning and dive into. Proper planning needs to be done about it before taking the first step or venturing into investment. If this is not done I think that investment might not last long before it will be sold off, and most of the times losses are usually incurred. If you take time to plan for your investments, even in your little finance you will map out a certain percentage of your income for investment, so that when the opportunity arises you won't find it difficult to invest, as the amount set aside will come in handy.  Those waiting to be in comfort zones before investing often ends up without having any investments on their names and they usually the best losers and they are the people who will be pressing the calculators for those who took the bold step and invested even though they didn't have enough money but made that sacrifice.

[Litzki1990]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.

Yes I have also said this before that investing is not like trading at all you wait for opportunities and invest when the opportunity rises and sell when the price rises. Bitcoin is now worth $45,000 At this time, those who are waiting for the time when Bitcoin will go to $35,000 do a good research, when the price of Bitcoin was $35,000 they were waiting for the price of Bitcoin to return to $25,000. That is, such investors have been trying to invest for a long time but they are only planning to invest in a market much lower than the current market, that is why they have not been able to invest so far.

I can confidently say that investors who are currently waiting for the Bitcoin market to return to $35,000 will again wait for the market to return to $45,000 when the price of Bitcoin touches $55,000 or $60,000. If they could have invested without thinking so much when the price of Bitcoin was 35000 dollars at that time, but at this time they did not have to wait for the market to go back to 35000 dollars.

The Bitcoin market is now hovering between $40,000 and $45,000. At this time, those who will invest in Bitcoin without thinking too much and keep their investment for a long time will consider their decision as the right decision without regret in the future. If you have an idea about investing, there is nothing to do so much research or wait so much about the market, you have money to invest, invest and keep that investment and if possible keep increasing your investment is the best decision for a new investor.

[boty]

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

When someone only has plans to be able to invest in Bitcoin of course they have to start doing it, don't just plan and never start, if we wait until the price is low in our opinion before buying it of course we will never be able to buy it and it will be very detrimental if we couldn't collect any of it.
What you say is very right, it would be better for us to continue to develop our Bitcoin portfolio using the DCA method and also we will continue to buy it with the amount we can afford, anyone can invest in Bitcoin using this method and we must focus on ourselves and never care other people's losses.

[Salahmu]

What we have seen so far in this discussion about Lump sum and DCA is that Lump Sum is good provided you are good to invest it for longer duration i.e. more then 5 years. DCA is also good specially for those who don't have enough money to spend. We have seen this case in hype-3, where you invest 60$ per week for 10 years from 2013 to 2023 and ROI is 3595%.
I may be one of few guys who is not very much interested in this ETF stuff. I will go with accumlating Bitcoin in DCA manner since to me thats the only sustainable way to move forward.

Buying in lump sum can also be good for the short term investment as to those who finds it necessary, maybe a period of 2 years. Imagine those who bought Bitcoin when the price was down as $15k and checking out the current price now that is already enough profit, now holding for a minimum of 2 years this is a blown up investment.

That's a cool way to put it, but I think I will narrow this down to the fact of seriousness or commitment because some poor folks that lack these virtue can also fail to hold, being poor isn't actually a motive for them to hold for long and being rich doesn't make you reluctant to hold for long, but I totally understand your point though but Micheal saylor is one rich fuck that have continued buying and stacking Bitcoin despite the fact that he has lots of money and Bitcoin also. Although like JJG was implying the order reluctancy tend to be more on rich fellows but a share portion of these poor folks too are lazy when they lack the sight to see a prosperous future in keeping or continually buying and holding Bitcoin.

In terms of who would hold Bitcoin much longer comparing both the rich guy and poor guy, it may be from personal decisions on holding that long but i think the rich dude will hold longer as he has all he needs and with the knowledge of Bitcoin altering his investment wouldn't matter to him cause he has many more to comply for his needs. The rich mindset in terms of investment are just too professional, they build the mentality of longer term investment than a shorter one.
A poor guy is faced mainly with certain challenges which at a point it becomes an option to sell, yes its compulsory that we must sell when due even the rich guy would sell but in terms of a poor man it may occur precisely the urgency to sell of his portfolio not because he wants to but just that a need arise which his emergency funds would not be of good help to him. In terms of commitment the poor guy will be more committed in investing than the rich guy because he knows how hard it is to raise such money to carry out his DCA.

For me I think the poor guy has the tendency of holding Bitcoin for a longer time. The rich guy who invented with a big money will see a huge profit once there is a little positive shift in the market. But the poor guy whose investment is not that much won't see that big profit in that short positive price movement, hence the need to hold for a longer time till when Bitcoin makes a reasonable price movement let's say from its current price to like $80,000 to $100,000. Unlike the rich who will see a big profit if price move from current price to $46,000 to $50,000.

I disagree with you on this mate. After all, a rich guy will be the one who will hold his bitcoin for the long term even though he sees a reasonable profit because the rich guy knows if he continues holding his bitcoin the profit will be bigger, and the rich guy still have enough money to live comfortably, while the poor guy can easily sell his bitcoin once he sees x4 or x5 profit on his bitcoin investment because he has not made such money in his entire live. The poor guy will be happy to sell his bitcoin and use the money to better his live.

There is a point on what @Jaycoinz said because there is no way you can compare someone who invested huge on Bitcoin and someone who invest little by little on Bitcoin so I agree with @Jaycoinz that the poor tend to hold more longer than the rich because of the profits margin because there is no way a poor man who invested $200 on Bitcoin could easily see a good profits even if the price of Bitcoin gets to $60k but however they will have to wait for a longer time until the price gets to a certain level before they could see a little profits and however sometimes is not even guarantee that price will get to that extent. But in times of the rich investment do to how huge he may have invested on Bitcoin any slight move on Bitcoin reflects a good profits to his investment, so perhaps that's why we cannot compare the poor and the rich on that aspects, I think @Jay JuanGee explains a bit about these on his previous post, perhaps you can go back to his previous post to read through for more clarification.

[Promocodeudo]

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.

What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

Waiting for bitcoin to arrive at a particular before investing can discourage you as an investor, bitcoin value remains it value, people make poor decision by thinking that bitcoin will reach their preferable price, as a good investor what you should be looking out for is the durability of the stuff you want to invest in.

The risk level, if the risk level surpasses the profit in the long run, as an investor that understands bitcoin, you should know that bitcoin price is not fixed, it can rise and fall overnight, you might wait but the price keep disappointing your satisfaction and then you might have used the fund set aside for the investment, so if your are interested just make a move don't be a spectator, most importantly be guilded.

[Agbamoni]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.