Buy the DIP, and HODL!

[Raflesia]

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

Don't focus too much on the obsession for btc to increase one or 2 times what is imagined, just focus on doing what you can to increase your portfolio because in the end this will be much better than always imagining that when we invest in a certain nominal number, we will get x2 or x3 profits and so on because if something like that is done, even though it is good enough to expect an increase in what we plant, it can actually interfere with your planning.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.

[1714693510]

1714693510

[1714693510]

1714693510

[Mayor of ogba]

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

Bitcoin is not a crop, Bitcoin is a digital asset that gives you total control over your money and no third party can decide when you can make use of your Bitcoin, and you can also send money to your friends at ease with Bitcoin.
Your strategy is only for the people who want to hold Bitcoin for the short term and this strategy will make you not get a good profit from your Bitcoin investment, and you can still miss out on Bitcoin because you will be waiting for the price of Bitcoin to drop, so you can rebuy but Bitcoin price keep make an upward trend. I will advise you to use the DCA strategy in accumulating your Bitcoin, the DCA strategy will also control the volatility part of Bitcoin on your Bitcoin investment. For instance, if you want to buy $100 worth of Bitcoin, you can divide the $100 into 10 places and use it to buy Bitcoin weekly until you accumulate the $100 worth of Bitcoin you want to hold.

Thank you very much for giving nice idea about Bitcoin. And I compared bitcoin to crops for example.

You are welcome mate, we are all here in this Buy the Dip, and Hodl to guide ourselves on the best strategy or method in accumulating our Bitcoin and also correct anyone who is taking the wrong step towards accumulating his Bitcoin. It is a good thing you are in this thread, it will help you increase your knowledge of Bitcoin.

[FinePoine0]

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

Bitcoin is not a crop, Bitcoin is a digital asset that gives you total control over your money and no third party can decide when you can make use of your Bitcoin, and you can also send money to your friends at ease with Bitcoin.
Your strategy is only for the people who want to hold Bitcoin for the short term and this strategy will make you not get a good profit from your Bitcoin investment, and you can still miss out on Bitcoin because you will be waiting for the price of Bitcoin to drop, so you can rebuy but Bitcoin price keep make an upward trend. I will advise you to use the DCA strategy in accumulating your Bitcoin, the DCA strategy will also control the volatility part of Bitcoin on your Bitcoin investment. For instance, if you want to buy $100 worth of Bitcoin, you can divide the $100 into 10 places and use it to buy Bitcoin weekly until you accumulate the $100 worth of Bitcoin you want to hold.

Thank you very much for giving nice idea about Bitcoin. And I compared bitcoin to crops for example.

You are welcome mate, we are all here in this Buy the Dip, and Hodl to guide ourselves on the best strategy or method in accumulating our Bitcoin and also correct anyone who is taking the wrong step towards accumulating his Bitcoin. It is a good thing you are in this thread, it will help you increase your knowledge of Bitcoin.

Here all the strategies for long term investing can be learned easily. Because there is an experienced person always monitoring Jayjuangee he always gives positive idea about DCA method and all bitcoin investors. Then the advice is the best for me, then according to me I invest till the present time. And I've made it a long-term investment, because life is at the pinnacle of success if his advice is really put into practice.

[Fara Chan]

You are welcome mate, we are all here in this Buy the Dip, and Hodl to guide ourselves on the best strategy or method in accumulating our Bitcoin and also correct anyone who is taking the wrong step towards accumulating his Bitcoin. It is a good thing you are in this thread, it will help you increase your knowledge of Bitcoin.

This topic can indeed be a guide to several other guidelines in several other sub-forums too, because for someone who is looking for guidance and knowledge about Bitcoin, they must have several topics that can be relied on to increase their knowledge. And here the discussion about Buy Dip and Hodl is also widespread enough to make most people understand it better, especially new people who are looking for more knowledge about Bitcoin and how to look after it well.

[Justbillywitt]

Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot.

When buying through DCA, you do that at different price of level, both price increase and price decrease. No price of BTC is too high for investors who are buying through DCA. When you say that now price is over $40k and it's too high and you will wait for price to drop, do you know how long it will take for this happen or if it will drop to your range of expectation? Those who are waiting for the price of Bitcoin to drop below $40k are still waiting and no one knows how long they will keep waiting. It might take them forever or it might not, who knows? In summary no price is too high for DCA method, you just keep buying at different prices.

[michellee]

When buying through DCA, you do that at different price of level, both price increase and price decrease. No price of BTC is too high for investors who are buying through DCA. When you say that now price is over $40k and it's too high and you will wait for price to drop, do you know how long it will take for this happen or if it will drop to your range of expectation? Those who are waiting for the price of Bitcoin to drop below $40k are still waiting and no one knows how long they will keep waiting. It might take them forever or it might not, who knows? In summary no price is too high for DCA method, you just keep buying at different prices.

No one knows when the price will fall, stay at that price, or even rise. Using DCA means there is a schedule that we make for buying Bitcoin. There are many ways to determine this schedule, such as he can use the time to buy once a week, once every two weeks, or even once a month. The important thing is that he regularly buys Bitcoin on his schedule and saves it.

Many people spend once a month investing in Bitcoin to fit their salary. This method works well for those who work in offices because they can adjust their salaries and allocate their salaries according to their location. They can determine how much money to use to invest in Bitcoin. The important thing is to stay within the amount of money you can afford because you must still meet your daily needs.

The price this week can often be lower or higher or only slightly different from last week when we bought. And with many purchases at many prices, our average purchasing price will decrease. That is our advantage.

[Ndabagi01]

When buying through DCA, you do that at different price of level, both price increase and price decrease. No price of BTC is too high for investors who are buying through DCA. When you say that now price is over $40k and it's too high and you will wait for price to drop, do you know how long it will take for this happen or if it will drop to your range of expectation? Those who are waiting for the price of Bitcoin to drop below $40k are still waiting and no one knows how long they will keep waiting. It might take them forever or it might not, who knows? In summary no price is too high for DCA method, you just keep buying at different prices.

When you use DCA method to buy bitcoin, no price will indeed be too big for you because that’s the reason behind the DCAing. For many times if you’ve started DCAing for long, let’s say maybe when the price was less than $20K and you’ve been consistent with it maybe weekly, monthly or every quarter year, you would have gathered a lot of bitcoin that when you still buy at the current price, the average price it would have been that you bought each of the bitcoin will still be less than $30K. With this, you would have accumulated more bitcoin than the person that is still waiting for the price to drop to $40K to buy the dip. If the price dips or doesn’t dips, you would have reached your target or still look to buy more to lower the average price of each bitcoin in your portfolio more.

If anyone has been in this space for a very long time, they should by now know the relevance of DCAing over other methods that you can use to accumulate bitcoin. You don’t need to fear or panic using this strategy to accumulate bitcoin, just be focus on what you want. The market is very volatile and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.

[Publictalk792]

No one knows when the price will fall, stay at that price, or even rise. Using DCA means there is a schedule that we make for buying Bitcoin. There are many ways to determine this schedule, such as he can use the time to buy once a week, once every two weeks, or even once a month. The important thing is that he regularly buys Bitcoin on his schedule and saves it.

Many people spend once a month investing in Bitcoin to fit their salary. This method works well for those who work in offices because they can adjust their salaries and allocate their salaries according to their location. They can determine how much money to use to invest in Bitcoin. The important thing is to stay within the amount of money you can afford because you must still meet your daily needs.

The price this week can often be lower or higher or only slightly different from last week when we bought. And with many purchases at many prices, our average purchasing price will decrease. That is our advantage.

I think using a DCA strategy is a good way to invest in Bitcoin or other risky assets. With DCA you set a schedule to buy regularly. This helps reduce the risk of buying when prices are high and lets you buy when prices are lower.It is a more balanced and discipline way to invest instead of trying to guess the best time to buy.
And matching the investment plan with paycheck can offer a practical and easy way to put money into Bitcoin. This guarantees that people are investing an amount that they can afford and not putting their everyday financial requirements at risk.
And by continuously purchasing Bitcoin at different prices the average purchasing price will likely decrease. This will be good and the entry point will change.And keep in mind
that the past performance is not indicating of future results and we know that cryptocurrency market is highly unpredictable.

[Mayor of ogba]

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy

One thing we must know about the DCA strategy is that it doesn't mean we are going to buy Bitcoin at a low price all the time. Since we have a fixed amount to invest in Bitcoin at regular intervals it does not matter whether the price of Bitcoin is high or low. As a result, the investor will be buying less of Bitcoin as the price is relatively high, and buy more of Bitcoin as the price goes lower. For instance, an investor can decide to invest in Bitcoin with the DCA strategy. His first buy can be 0.0373 BTC, and his second buy 0.0333. The DCA strategy can make investors pay less to accumulate Bitcoin.

[Wind_FURY]

For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.

That does not sound right.  DCA works for everyone, whether plebs or not.

In order to prepare for UP, you have to get a stake in the game, and if you have no stake in the game, then you run the risk of FOMOing when the BTC price is going up.. so sometimes a bit of front-load lump summing can be a good thing, and just planning to buy for the next 4-10 years or longer, and reassess at various points along the way.

?
What my post was suggesting/emphasizing was long-term/low-time-preference investing is much better for low capitalized plebs like me than a more active "trading" approach, which opens the pleb to more mistakes, more emotions which also opens him/her to further trading mistakes, and a negative effect on his/her general mental well-being.

Yeah, but you and I already agree (and know) that this thread is not about trading, so there no dispute that selling in order to buy does not tend to be a good technique for anyone except maybe folks who want to learn how to trade and gamble, which results in 90% or more doing worse than if they had just bought BTC on a regular basis rather than screwing around with those kinds of selling techniques.

So then the main questions in front of you and me still revolve around our differences of opinions in regards to what kinds of circumstances might constitute waiting versus just buying right away and regularly... I think that my post largely speaks for itself.. because ongoing buying may well be better than HODL, and even if it is not better, at least it is not "the ONLY way" to invest in bitcoin.

It's merely a matter of personal preference and acting on what you know.

Sure you can account for personal preferences, but personal preferences is not going to completely resolve the potential issue regarding some practices likely being better than others, so you could exercise your personal preference and end up getting a worse result, even in terms of getting what you want.  Sometimes people do not necessarily know that it is better to do some things that might be uncomfortable in the short-term but end up having better long term results. I have argued those kinds of points several times, in order to suggest that frequently a bitcoiner who buys regularly and often might have a higher cost per BTC, but he also might end up with a larger BTC stash too, as compared to the ones who are not buying regularly and often..

But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.

[Popkon6]

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy

One thing we must know about the DCA strategy is that it doesn't mean we are going to buy Bitcoin at a low price all the time. Since we have a fixed amount to invest in Bitcoin at regular intervals it does not matter whether the price of Bitcoin is high or low. As a result, the investor will be buying less of Bitcoin as the price is relatively high, and buy more of Bitcoin as the price goes lower. For instance, an investor can decide to invest in Bitcoin with the DCA strategy. His first buy can be 0.0373 BTC, and his second buy 0.0333. The DCA strategy can make investors pay less to accumulate Bitcoin.

Admittedly, the DCA strategy helps investors accumulate bitcoins. If you invest in the DCA method you are accumulating bitcoins regularly. Just take the risk to accumulate bitcoins first and then invest in regular DCA method and your dream will come true. Investing in the DCA method only saves a lot of investment according to the average of the previous purchase and the current purchase of Bitcoin. This is why the DCA method is so popular with investors that thousands of investors have found their success.

[Razmirraz]

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.

DCA is an effective investment strategy in reducing the risk of loss. To maximize profits from the investment you make, you need to implement the DCA strategy more effectively by doing it in a disciplined manner and determining the right investment time. The increasing price of BTC will certainly test your courage to apply the DCA strategy consistently, but who can predict market movements, your worries about the Bitcoin price are still gray, maybe BTC will continue to increase and you have lost your opportunity in that period.

Timing in the DCA strategy is very important to maximize profits, apart from investing at the same time periodically, you can apply flexibility in this strategy. If you feel that price changes will occur, you need to change the time of investment. If you usually invest every week, now try to do it every month. If no correction occurs while you are waiting, you can immediately increase the investment amount because it is likely that the BTC price will increase again.

[nara1892]

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy

One thing we must know about the DCA strategy is that it doesn't mean we are going to buy Bitcoin at a low price all the time. Since we have a fixed amount to invest in Bitcoin at regular intervals it does not matter whether the price of Bitcoin is high or low. As a result, the investor will be buying less of Bitcoin as the price is relatively high, and buy more of Bitcoin as the price goes lower. For instance, an investor can decide to invest in Bitcoin with the DCA strategy. His first buy can be 0.0373 BTC, and his second buy 0.0333. The DCA strategy can make investors pay less to accumulate Bitcoin.

Admittedly, the DCA strategy helps investors accumulate bitcoins. If you invest in the DCA method you are accumulating bitcoins regularly. Just take the risk to accumulate bitcoins first and then invest in regular DCA method and your dream will come true. Investing in the DCA method only saves a lot of investment according to the average of the previous purchase and the current purchase of Bitcoin. This is why the DCA method is so popular with investors that thousands of investors have found their success.

Yes, it is true, and on average this strategy is more widely used and recommended for those who do not have large capital at one time so it is clear that the existence of DCA really helps all circles, with this strategy now not only people who have a lot of money can be involved in the accumulation of bitcoin but people who have medium to low finances can also be involved because of the system of putting the amount periodically and also with a low level of risk.

On the other hand although this is very good but I think it will not always be that easy to be able to realize dreams at the end of the engagement, you must really have very good planning and management of your bitcoin accumulation, even though you use DCA which as we know this strategy is easier but on the other hand if you don't have good management of the following finances by still not being able to be consistent in doing it I think you will not be able to get the maximum results, The key is to consistently put money on bitcoin periodically, it can be once a week or once a month, it's all up to you if you have been able to plan everything including by preparing a budget for your DCA allocation at any time then I think everything can go well. What must be considered and prepared is, in terms of dividing money, first separating the money for living needs and another thing is that you must also have personal savings outside of your bitcoin investment, the reason is that you will never know what will happen in the future, it is very possible that you experience something unwanted that forces you to spend money, not infrequently people who fail in their DCA method because they do not have good planning and preparation.  So if you have a personal savings account, if something unexpected (that requires money urgently) happens, you will not disturb the money for your bitcoin accumulation budget because you have prepared a personal savings account to handle it.

[Ruttoshi]

But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.

For newbies, it is better that they get started by buying bitcoin at the current price using DCA method to increase the bitcoin portfolio size and shouldn't wait for the dip, especially those investors that have little amount of bitcoin in their portfolio. JJG is someone that he giving the best way and method that a newbie can start his bitcoin journey to a greater height, even though he has reached his bitcoin target and is even in the right position to wait and buy at the dip.

@OP, I believe that your bitcoin portfolio size has reached a certain height that you believe that waiting and buying at the dip is the best strategy for you, but this is not the best strategy for most of us that are still new in our bitcoin accumulation journey and this is why you see that JJG is emphasizing on DCA method to guide us and reduce the risk of tension in the market, because bitcoin price is unpredictable and nobody knows when the dip will come. The rules is that new investors should keep on accumulating with DCA method not to distract themselves with the volatile nature of bitcoin.

[dragonvslinux]

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

[Frankolala]

[edited out]

Although, one thing that I believe for sure is that as long as Bitcoin is fluctuating, it will drop and it will still skyrocket again, so what I am trying to say is that, even if Bitcoin drop now it will still rise again and as Bitcoin is dropping, it is also given some others who are yet to because an investor a chance to buy as much as they can and hold it for dear life.

Even though you seem to be using that expression (hold for dear life) in order to talk about holding bitcoin for the long term, there are many times that the expression is not used very well, and seems to try to give the impression that bitcoin is an unsafe investment due to its likely inevitable ongoing volatility.

And, surely I believe that it is near inevitable that bitcoin is going to continue to be volatile for the next 4-10 years or longer, yet at the same time, one of the better ways to prepare for such volatility relates to position size and also relates to ongoingly buying it until you reach a bitcoin stack size that causes you to feel that you have enough.

Perhaps another thing about holding for dear life is that if any of us recognize and appreciate bitcoin is likely one of the best (and probably the best) asset that we are able to accumulate and hold, then we should be careful to develop strategies around which we either do not need to sell any of it, or if we are selling any of it, we are doing so in proportion to any of the other assets or currencies that we have accumulated.. so we should have systems in place in which we make sure that we preserve our most pristine asset (which would be bitcoin or at least should be considered as being bitcoin).

I believe that if an investor see bitcoin as what he should have and make it part of his life that he has bitcoin investment even in old age, it will be more easy for that investor to forget about selling all his bitcoin portfolio when he has reached his bitcoin target. Instead he will only be taking little profit time to time as the price of bitcoin increases over time, to diversify into other asset, just like what you use to call the maintenance level. It is investors that don't have the foresight of value that bitcoin can add to their lives in future, that thinks that bitcoin investment is only to accumulate to an extend and sell majority of their bitcoin portfolio for fiat.

If you want to prepare for the future, you likely need to attempt to figure out how bitcoin works, including if you are managing your own UTXOs, and many of us emphasize to try to maintains some if not most or all of your BTC in private wallets rather than holding your BTC with third parties.  So when we are managing our own coins, we need to know how UTXOs work, otherwise we might not realize how many fees we might end up incurring in the future, especially if we end up creating a bunch of UTXOs that have low quantities of BTC. 

I think that we need not be discouraged from investing into bitcoin based on concerns of present and/or future transaction costs, but we should attempt to learn enough about these kinds of matters, especially if we are sending a bunch of low value transactions and creating UTXOs that might become very expensive to spend in the future, which might even contribute to our miscalculating how much value we actually hold if it is expensive to transact in bitcoin based on limitations that we had ended up creating for ourselves.

Yea, you are right. We don't need to be discouraged in accumulating bitcoin and increasing our portfolio size because of the current high transaction fee or high transaction fee in future. This is anyone buying bitcoin in little amount using DCA weekly, should pile up his bitcoin in an exchange until it has reached from $500-$1000 before he makes transfer to his private wallet so that UTXOs will not be smaller.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.

High price shouldn't be what will discourage any newbie who is still in his accumulation phase, as long as he is using DCA method. The only thing that should make a newbie not to buy for that week should be because he doesn't have the money to buy at that time and if he has the money next week, he can double his DCA amount to two weeks purchase.

The market is very volatile, and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.

This is why it is good that an investor should have prepared himself on how he can accumulate bitcoin at the dip, when he is using DCA method to buy regularly, by saving some money aside from his bonus or unexpected funds that come his way, so that he takes advantage of the dip when it comes and use such funds to buy bitcoin at discount price.

[Moreno233]

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

The market at this point require some level of flexibility to be able to navigate through because the uncertainty are just too much. Take for instance, many people jumped into the market with the hope that the ETF approval will make price to skyrocket. Unfortunately, those who did this are probably in tears because some of them will sell and take their losses while some will still be holding hoping things will turn around.

Because of things such as we have seen in the market lately, using the DCA method is surely the best practice because those using it might not be caught up in the funny market behavior. They would have already entered some of their positions when the price was still very low and will not panic when the ETF minor pump and huge dump happened.

Anyone still doubting the effectiveness of the DCA method is not helping himself. Buying the dip is good provided the intention is to hold for long. Some people who bought around $45,800 thinking that was the dip are already seeing price go lower and continue to go lower. That means what seemed like the dip is not actually the dip.

[Mayor of ogba]

[edited out]

Although, one thing that I believe for sure is that as long as Bitcoin is fluctuating, it will drop and it will still skyrocket again, so what I am trying to say is that, even if Bitcoin drop now it will still rise again and as Bitcoin is dropping, it is also given some others who are yet to because an investor a chance to buy as much as they can and hold it for dear life.

Even though you seem to be using that expression (hold for dear life) in order to talk about holding bitcoin for the long term, there are many times that the expression is not used very well, and seems to try to give the impression that bitcoin is an unsafe investment due to its likely inevitable ongoing volatility.

And, surely I believe that it is near inevitable that bitcoin is going to continue to be volatile for the next 4-10 years or longer, yet at the same time, one of the better ways to prepare for such volatility relates to position size and also relates to ongoingly buying it until you reach a bitcoin stack size that causes you to feel that you have enough.

Perhaps another thing about holding for dear life is that if any of us recognize and appreciate bitcoin is likely one of the best (and probably the best) asset that we are able to accumulate and hold, then we should be careful to develop strategies around which we either do not need to sell any of it, or if we are selling any of it, we are doing so in proportion to any of the other assets or currencies that we have accumulated.. so we should have systems in place in which we make sure that we preserve our most pristine asset (which would be bitcoin or at least should be considered as being bitcoin).

I believe that if an investor see bitcoin as what he should have and make it part of his life that he has bitcoin investment even in old age, it will be more easy for that investor to forget about selling all his bitcoin portfolio when he has reached his bitcoin target. Instead he will only be taking little profit time to time as the price of bitcoin increases over time, to diversify into other asset, just like what you use to call the maintenance level. It is investors that don't have the foresight of value that bitcoin can add to their lives in future, that thinks that bitcoin investment is only to accumulate to an extend and sell majority of their bitcoin portfolio for fiat.

If you want to prepare for the future, you likely need to attempt to figure out how bitcoin works, including if you are managing your own UTXOs, and many of us emphasize to try to maintains some if not most or all of your BTC in private wallets rather than holding your BTC with third parties.  So when we are managing our own coins, we need to know how UTXOs work, otherwise we might not realize how many fees we might end up incurring in the future, especially if we end up creating a bunch of UTXOs that have low quantities of BTC. 

I think that we need not be discouraged from investing into bitcoin based on concerns of present and/or future transaction costs, but we should attempt to learn enough about these kinds of matters, especially if we are sending a bunch of low value transactions and creating UTXOs that might become very expensive to spend in the future, which might even contribute to our miscalculating how much value we actually hold if it is expensive to transact in bitcoin based on limitations that we had ended up creating for ourselves.

Yea, you are right. We don't need to be discouraged in accumulating bitcoin and increasing our portfolio size because of the current high transaction fee or high transaction fee in future. This is anyone buying bitcoin in little amount using DCA weekly, should pile up his bitcoin in an exchange until it has reached from $500-$1000 before he makes transfer to his private wallet so that UTXOs will not be smaller.

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy and not infrequently stop their DCA activities for a longer time until the price drops a lot but if we are already focused on doing consistency I think we already know what we have to do so from this it is important for those who do DCA especially if they want consistency, price issues sometimes have to be put aside first.

High price shouldn't be what will discourage any newbie who is still in his accumulation phase, as long as he is using DCA method. The only thing that should make a newbie not to buy for that week should be because he doesn't have the money to buy at that time and if he has the money next week, he can double his DCA amount to two weeks purchase.

The market is very volatile, and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.

This is why it is good that an investor should have prepared himself on how he can accumulate bitcoin at the dip, when he is using DCA method to buy regularly, by saving some money aside from his bonus or unexpected funds that come his way, so that he takes advantage of the dip when it comes and use such funds to buy bitcoin at discount price.

I see this as something that will make an investor not accumulate his Bitcoin comfortably because the investor will be saving the fund that He/she is supposed to use and settle his financial challenges and use it to buy the Bitcoin dip. Instead, an investor can reduce the amount of money he/she wants to use in accumulating Bitcoin through the DCA strategy and save the remainder to use and buy the Bitcoin dip. For instance, if Johnson is supposed to invest $50 every week in Bitcoin, he can invest $40 and save the remaining $10 to use and buy the Bitcoin dip.

[Dailyscript]

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

Unfortunately, those who did this are probably in tears because some of them will sell and take their losses while some will still be holding hoping things will turn around.

I taught this thread is about buying the Dip and Hodl? So why would they regret it if their intentions were to buy bitcoin and hold it for so long? Only those who went in for the quick gains would be disappointed. Any investor who is reasonable enough knows he is buying more Bitcoin because of what the price will be at the end of the year or in the next five years. I believe so many people were smart enough to understand that Bitcoin will not follow the hype of the approval of the bitcoin ETF to move high. In a logical sense, we were expected to see an increase in the price of bitcoin to about $50,000 after the announcement. But bitcoin is not a shitcoin it maintains its pattern and would surpass that price at the right time. I am expecting that before the week ends, it will go up to $50,000.

[Obim34]

But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.

You need to correct me then maybe if I'm wrong, Bitcoin DIP happens in every 4 years cycle? If so, then why wait to catch the DIP instead of also making use of the DCA approach. You still don't know the break point of the DIP before Bitcoin surge, you might miss out. Consider the option firstly by starting the Dcaing then during the DIP any point you consider fit you buy wholesomely to hold.
We are always left on our own free will to choose the strategy but in the process we get to choose one which will put us in a better profit despite not being a fan of it.

Now just to wait for a dip to hodl, and I right?

Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.

All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!

I'm surprised, expecting a DIP in this 2024, I do no think so. The market is currently recovering and I don't think we should expect anymore DIP. The DIP which we have been anticipating is now at this price for those who earlier missed buy at the $15k+, $20k+ and $30k+ as long we are still below the last ATH, I consider it a good DIP for many investors to come in.