Buy the DIP, and HODL!

[DubemIfedigbo001]

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

I think this is good, and I believe its important to properly plan yourself and know the amount you can comfortably part with at the moment you're about to invest. That funds you can  spare at that moment should be the funds  you utilize to start the investment, you can follow up to your target with the DCA method.

so in practical, if you've like $1k in your savings,  and you've the intention of having a bitcoin portfolio of $2k, you can start by investing $300 and having a backup of $700 for emergencies. You can continue using DCA to invest $50 monthly from your income, leaving the $700 as backup and growing your portfolio gradually to meet your target. You can still be saving little and adding to your backup. So you're both growing your investment and increasing your backup at the same time, thereby leaving a near zero chance of ever touching your bitcoin investments and this way, you're surely headed for a long term investment.

This method is a win win situation because your bitcoin investment is winning and your backup portfolio is winning too no matter how small and there's little or no chance that your investment will be uprooted to serve an emergency because your backup funds is both able and capable to satisfy your needs.

[1714230116]

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[Justbillywitt]

y
We having been discussing about the DCAing accumulation process for some time now but haven't put into consideration on how to take profits.
I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.
It is best to live the investment from your DCAing to mature after completing the budget reaching a significant price during the bull run it can also be from personal decision and the way we view the market.

You're still thinking short term and in such cases you should just take your profit like every normal trader but when you talk of accumulation of btc and using dca as a risk proof investment strategy then you start seeing the market in a different light and even when you've made some profit you'll tend to view it as an opportunity to invest more

Think of it as a business strategy,how many big cooperations or firms do you ever see their investors or shareholders sell their shares simply because the stock value is increasing and they've made considerable profit?? Of course none or rather very few instead they double down on it and invest more because the profit only signals that they're on the right trend and the business is likely to grow and amass even more profit

Why take profit when you can hold out for a couple more years,I think unless you have a critical life challenge that inevitably requires you to sell out all you ow,I seriously think this a wrong and hurtful approach to investment

Well I think every investors has a set goals/objectives of what they want to achieve and when such goals is achieve they tends to pull out part of their investments and set another goal. So taking profit is not wrong from my own perspective, provided you have attained what you are looking for. Just look at it like taking profit and waiting for another opportunity to enter again and start another goal that you have set for yourself. It could be that those investors have been holding for a long time and they have been in massive profit. The reward for investment is profit right?

[Litzki1990]

If you took profit once, or it is not a regular thing, then it is okay to take profit. Do not just make it a regular thing because that is where it will affect the profit you are supposed to make from DCaing which should be the increase of your portfolio. Also if you are to make a withdrawal from what you have been DCAing, try so that it is not a very big amount that affects or takes out amount of money equal to what you will DCA for like three weeks. What I mean is, if you must withdraw, there should be a limit to what you plan to withdraw from what you are DCAing.

We having been discussing about the DCAing accumulation process for some time now but haven't put into consideration on how to take profits.
I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.
It is best to live the investment from your DCAing to mature after completing the budget reaching a significant price during the bull run it can also be from personal decision and the way we view the market.

Something I would like to add to your first line is that it talks about investing in the DCA method, and by DCA method we mean investing in Bitcoin. You say saving in DCA method is not actually saving in DCA method. Saving means the amount of money left after the end of every month or week after spending, the amount of money that a user keeps in his bank account or somewhere else, we consider it as savings, but investment is different. A saver does not have to base his investment on the price of a particular coin just as the price of a particular coin changes. By DCA investment method we mean investing with fixed amount of money in different phases of coins.  

The second point you discussed is how we can take profit, our main objective of investing is to make profit. In terms of investment, some investors may be satisfied with small profits, while there are some investors who invest for a long time and have high expectations. The idea that there will be only profit in investment is wrong, in the case of investing for profit, you will have the possibility of profit as well as the possibility of losing your money. In this case you may ask me why should I invest if there is a possibility of losing my money? That is why before investing it is said that there must be some risk in investing and you have to take the risk of that money. Losing money after investing is a very normal thing because after investing the market can rise as well as the market can dump and it should be accepted naturally and then investment decision should be made.

One of the things I realized about most investors is that no matter there decision about there investment they easily get distracted from there investment decision if they see other investor who tries other ways of taking advantage of the market and it worked for them at first so perhaps to those investors that are looking for means to outsmart the market will easily follow that narrative and at last they will get cut up at the middle.

Investors who invest with wrong assumptions are subsequently misled. If an investor decides to invest only by seeing the success of others without knowing well about the investment in the beginning, then that investor will surely suffer confusion later on. There are many investors who invest by looking at other people's profits but they don't know or want to know about the hard work, patience and waiting time behind other people's profits. They just think that they invested like those investors and got huge profits within few days. Investments are not actually followed by others directly but can be done with some investment help from others. We should invest with the idea of investing so that after the investment we can hold our investment patiently and not get too excited by a small profit or loss so that we don't sell our investment. Investing is easier than holding on to it.

[SOKO-DEKE]

Therefore, before starting investment, prepare an emergency fund in advance for at least 3-6 months so that the reserve fund is safe when needed at any time, of course this will not interfere with your investment when in any emergency.

I always use this strategy because for us it is important about emergency funds, we are humans who will certainly require expenses and needs that we never expected in any case.
Never rely on parents means you don't have independence, if you are still in school then it is still the responsibility of the parents but if you have worked you yourself must be able to how to support yourself and start the investment because with the monthly salary you receive, for example, it is important to set aside on investment, especially bitcoin if you understand it.

Now when you have a problem in the sense that there must be greater expenses then the reserve fund can be relied on, your investment is safe will not be sold in the middle of the road, you can still continue investing in bitcoin when things are normal.

But when your finances are still healthy then continue your DCA to invest in bitcoin.

Having a safety net, such as emergency reserves, is essential for anyone hoping to enjoy their Bitcoin investment journey in case unforeseen issues happen. This safety net makes sure they won't rush to sell their Bitcoin investments quickly in the event of any unanticipated problems. Individuals frequently give up on their Bitcoin investments because of rash choices they make in times of dire need for money rather than because of any inherent issues.

It is difficult for Bitcoin investors to succeed when they constantly sell off a percentage of their holdings when they run into financial difficulties. One important realization is that you don't always need to invest a lot of money in Bitcoin to succeed. The Dollar-Cost Averaging (DCA) method is a more practical strategy that involves gradually purchasing Bitcoin until the appropriate quantity is accumulated. Investing greater sums becomes less daunting and more manageable with this strategy.

Emergency savings are not only essential in Bitcoin investment but also in any business venture where utilizing business funds exclusively for problem-solving isn't a prudent strategy. The importance of having a financial cushion transcends Bitcoin and extends to responsible money management in various aspects of life, ensuring a smoother and more resilient journey in both investments and business endeavors.

[Hewlet]

So this where most of us here in this thread gets it's all wrong because emergency funds are savings that are might to bail us put of situations that would have cost us our investment rather it will only take your emergency funds instead of your investment, that is the core purpose of emergency funds.
but most of you don't really understand this fact, if you're preparing yourself for investment, your emergency fund should be a priority for you in order to survive all kind of waves including the life threatening issues that was supposed to cost you your investment. This emergency funds should not just be for a mere car repair issues or minor medical issues but contain both the funds that will probably drive you away from all kind of problem that will seek you to attempt with your investment.

it seems you are making a theoretical statement sir.

As much as it is necessary to set out modalities in place that will prevent is from torching our holdings in times of emergency, the reality is thatt emergency do happen and it's not everybody that always have what you are talking about here as emergency funds. As a matter of fact, investing in bitcoin is the emergency fund of some people and when they are able to sell off their holdings to solve a particular life problem, it actually gives them relieve that the made a reasonable investment that they were able to use in solving their problem.

In this circle of individuals that are investing in bitcoin are the rich, the average individuals and the poor and emergency fund is more associated with people that are rich. The poor or average individuals considers their investment ad their backup and this is why they get easily tense by any fluctuation in the price of bitcoin.

[Patrol69]

Always having the concept of the thread in mind which is learning various strategies of accumulating Bitcoin for longer time will maximize best understanding, of which having an emergency fund is a key factor that should be infact be prioritize because it does not only help an investor to hold on to his investment it also help from not borrowing in an emergency which at most time attract interest fee at payback time. Bitcoin is in it's journey to the permanent cite it's limited in nature makes it very unique, is a store of value and wealthy. Bitcoin investment is a long time investment that any one venturing in to it should know in other to obtain what should be obtainable. Having an emergency fund will definitely make an investor hold more longer than planned. Hold as long as you can.

Bitcoin is a digital currency but we use this digital currency in different ways. As Bitcoin is used for trading, Bitcoin is used for short-term or long-term investment. You said bitcoin is only a long term investment coin but it depends on the investor whether he invests this coin in long term plan or he invests in short term plan. I think you may consider Bitcoin as an investment platform for long-term planning, but there are many investors who invest and sell their investments within a few days and invest again. The sustainability of the investment will mainly depend on what is the objective of an investor, how he plans his investment. If a different investor is less patient, it is difficult for him to hold the investment for long. Again if the investor is satisfied with a small amount of clubs then that person will not be able to hold his investment for a long time. The investor who can take the maximum risk in the investment, the amount of profit or the amount of loss after investing cannot affect the investor, that investor can basically hold his investment for a long time.

Investing is an art and the person who holds his investment for a long time is the master of that art.

I understand your point sir, the aggressive situation when dealing with bitcoin investment for beginners is not advisable and if focusing on buying only and forgetting to learn at that early stage the person might end up with another story, sometimes newbies focus more on buying aggressively cause of the profit and wanting to reach their target, although it's best for everyone to have a target when investing but not without  the investment knowledge, for example when I bought my first coin I started with just a little amount and as times goes each week I keep increasing gradually.
In terms of learning about investment this forum is the best place to learn about bitcoin and investing just like I have benefited more from other members in the forum concerning investing.

Humans do everything first. First in life we learned to hold a pen but there is a considerable difference between holding a pen for the first time and holding a pen now, first joining a job and still doing that job but there is a significant difference between the first day and now. If you are new to any work, but in a new situation, you should not be afraid today. If a new investor puts fear in his mind in a new situation, then this fear will remain in his whole life, so there is no need to invest with fear, I prefer to invest aggressively with courage in my mind. If someone new to investment sees this and instills such fear in his mind that investment is very difficult and should be invested very carefully, then this fear will remain in his mind for the rest of his life. On the contrary, if you give the investor such courage that you will definitely succeed in your investment, then the investor will have a lot of confidence at the beginning of the investment and can invest with a lot of enthusiasm.  

I have noticed that if an investment is over-thought then the investment backfires so the decision to invest quickly without over-thinking is the right decision.

Well I think every investors has a set goals/objectives of what they want to achieve and when such goals is achieve they tends to pull out part of their investments and set another goal. So taking profit is not wrong from my own perspective, provided you have attained what you are looking for. Just look at it like taking profit and waiting for another opportunity to enter again and start another goal that you have set for yourself. It could be that those investors have been holding for a long time and they have been in massive profit. The reward for investment is profit right?

It is up to you for what purpose you are investing and for what purpose you will keep your investment for long time but if you ask me why I invest and why I keep investing then of course I will say I invest for profit. You may not find investors who are investing for loss rather than investing for profit. I think the main objective of investment is to make profit. Although the strategy is different, everyone invests with the objective of possibly making a profit, investing for the purpose of making a profit, and holding on to their investments for a long period of time, knowing that losses may occur. Those who invest for a long time usually do not wait for an opportunity to sell their investment once they have made a profit and invest again but once they invest they will increase the amount of investment but they will not sell the investment. You can consider traders who buy and sell investments.

[Wind_FURY]

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

[Frankolala]

I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.

no one makes an investment without the intention of making profit, as a matter of fact, the reason why we are talking about the best way of investing in bitcoin is because we want to make profit out of our investment. It's not like any profit would be guaranteed if you don't invest in the first place.

Now talking about the best time to take off your investment is totally a personal situation because their are lots of factor that could lead one to stop holding on to his bitcoin which might include unplanned event or an opportunity that the individuals feels could give greater returns to his funds. But in an ideal process when all these factors are out of place, It's best to sell off your accumulation after the price of bitcoin has increased above the amount you bought it, using the DCA method puts you at an advantage while selling off your asset because it's almost 100% certain that you will sell it out in a price bigger than the one you bought it.

Like seriously, so if you bought bitcoin worth of $1000, and you have made a profit of $200, which your total worth of bitcoin becomes $1200, then you should take profit? No, with this pattern you will only end up putti g your fiat funds at risk, and that is not can an investment. Investment should be left to grow and mature. Long term investment is the best investment for bitcoin and if you have finally reached your bitcoin target, you can start maintaining your bitcoin portfolio, and if you must take profit because you see that you have enough bitcoin or more than enough, then that is cool, and it should be good that the profit should diversify the profit into another asset, but not when because you see small increase in your investment worth during your accumulation stage, then you jump into selling all and hold fiat.

If we know that bitcoin is a store of value and Appreciates over time, and because of that we invested, then why are you in a rush to sell and hold fiat that will depreciate instead of still keeping your bitcoin and increasing your bitcoin portfolio, so that you can be benefiting from the compounding interest. It is better to hodli your investment for a long term and if possible see it as a treasure that is worth keeping, so that you will not even sell 50% of it when your have reached your bitcoin target.

What I do tell people that have invested for four year, a whole circle and think that selling is the next option, is that if you can survive through out the four years that invested and grow your bitcoin portfolio without stress, why don't you continue hodling since you can do without your selling your investment and you will still be fine. A longer period of time should be the vision of an investor, so that he can be successful in his bitcoin journey.

[DubemIfedigbo001]

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

You're right, the price has been decreasing steadily now over the last few days, its surely Dipping now and its surely going to dip more in the coming days because I've a feeling less transactions occur at weekends. This is a rare opportunity presenting itself now. Its action time for those that are smart.

Buying the DIP and HODL is surely an unarguable good decision now.

[I.M.J.]

Market is dipping because so much the space has been infiltrated by grassroots investors who view capitalism and free-markets as akin to "gambling" as opposed to an inextricable way of freedom-in-life.

Too much emotion and fear by people who have family dinner conversations that include statements like "well you can do that stock market thing IF you trust them to PAY YOU! HA!", "I put 5k in and I'm up 200 dollars - should I pull it all out?" and "I'm glad I got out before it went to zero, man! Whew!". And so you get an ETF announcement and people aren't instant millionaires from it, then "it doesn't work! It's not true, sell it all before it goes to zero!"  And while I'm glad that crypto is widespread, an amount of vitriol towards the environment is warranted because the investing psychology clearly impacts these volatile markets.

But with that said, it's fine... bring it. I have stretch-goals in volume targets I need to hit and the lower it goes amidst this "ETF Hangover" the more volume I can add before my personal long-term-gains cutoff date.

[rachael9385]

If you took profit once, or it is not a regular thing, then it is okay to take profit. Do not just make it a regular thing because that is where it will affect the profit you are supposed to make from DCaing which should be the increase of your portfolio. Also if you are to make a withdrawal from what you have been DCAing, try so that it is not a very big amount that affects or takes out amount of money equal to what you will DCA for like three weeks. What I mean is, if you must withdraw, there should be a limit to what you plan to withdraw from what you are DCAing.

Sometimes taking the profits ones could be the beginning of your investment downfall because I have seen were someone who invested on Bitcoin and when he realized that his investment has gotten some profits so he now decided to sell off all the accumulated Bitcoin in other to have a good profits but with the intention of buying it immediately the price drops a little but actually little did he realize that he had made the greatest mistake on his investment because after selling his Bitcoin the price has increased so much that if he decided to buy the same amount he had bought before the number of Bitcoin he will get will not be the same even joining with the profits he had gotten he will not be able to get that amount, so he became disoriented that if he had known he would have not taking this decision and now a little profits he was chasing has cost him not only his investment but also with the chance of getting back to the investment because of the price increament of Bitcoin. So actually my point is that in as much as you feel that taking profits ones from your investment is good but however you should also think about impossibility of getting back to the Bitcoin accumulation after selling your investment.

That is quite a common problem of bitcoin in terms of guys who sell way too much too soon and then they become bitter.. and they keep waiting for dips that do not end up coming, even though they might have thought that they were smarter than everyone else by selling and making good profits.

However, what Salahmu said is correct because such situations can affect both business men and investors.
People who sell too much of their coins can not make good profits rather than losing everything they have sweats for, just like a business man using his or her profits to gamble without refreshing his or her business or investment with the profits he or she has made from the investment.
I might conclude that most of the investors who sells more than what they are supposed to sell are people who don't safe for emergency or do not plan very well before going into Bitcoin.
Some people might use their profits to do something that worth it.
Waiting for dip might be good but one can find it very hard to know when the dip is near, one might wait for a while month but can not no the time for the dip so i think buying without waiting for dip will be the best way.
Moreover, Bitcoin newbies might be scared to buy Bitcoin when the price is high but that's is why most of them have decided to wait for the dip.

[Roseline492]

Having a safety net, such as emergency reserves, is essential for anyone hoping to enjoy their Bitcoin investment journey in case unforeseen issues happen. This safety net makes sure they won't rush to sell their Bitcoin investments quickly in the event of any unanticipated problems. Individuals frequently give up on their Bitcoin investments because of rash choices they make in times of dire need for money rather than because of any inherent issues.

You are right emergency fund is very important in times of investment however even @Jay has also explain so much about it concerning how important it is to have a reserve fund incase any need arises, however this is actually one of the reasons why they said information is power because if almost all the investors has visit this thread to see the kind of information about investment decisions and strategies of accumulating Bitcoin most people would have not made some certain mistakes they have actually made on there investment.

So actually in as much as is very important to keep accumulating Bitcoin shouldn't cloud our judgment of making a reservation for emergency fund because no matter how most investors may feel that no matter unforseen circumstances may arise they will never tamper with there investment but however there would come a time when they will be left with no option but to sell there investment do pressing need that's coursed by lack of planning.

[salad daging]

-skip

so in practical, if you've like $1k in your savings,  and you've the intention of having a bitcoin portfolio of $2k, you can start by investing $300 and having a backup of $700 for emergencies. You can continue using DCA to invest $50 monthly from your income, leaving the $700 as backup and growing your portfolio gradually to meet your target. You can still be saving little and adding to your backup. So you're both growing your investment and increasing your backup at the same time, thereby leaving a near zero chance of ever touching your bitcoin investments and this way, you're surely headed for a long term investment.

This method is a win win situation because your bitcoin investment is winning and your backup portfolio is winning too no matter how small and there's little or no chance that your investment will be uprooted to serve an emergency because your backup funds is both able and capable to satisfy your needs.

It wasn't like that for me to begin with:
Let's say I have a $1000 reserve fund, it will remain undisturbed until I need it again in another emergency.
When you start investing, you will start from scratch, no need to take $300 from the reserve fund.
Let's say I start again from $20/$50/$100 per week/month depending on income, well then this will be more for me practically this investment will continue to grow while I still continue to do DCA all the time so the emergency fund remains safe while the investment is still running until now.

When there is already a reserve fund, you will feel very safe when other things are needed, now it only remains for you to play how aggressive the level of DCA is every week it also depends on you managing it well if 30% of the monthly salary is invested in bitcoin I think it is more than enough while the rest you can use in your expenses even you can add 5% to the reserve fund, but for me it is enough if the emergency fund is enough to last for 6 months.

[Dave1]

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

Prices still holding at $41k, but yeah, who knows, maybe in the next coming days it will be <$40k and so it will be a good buying opportunity again specially for those who have funds and take advantage of the situation.

Obviously, we don't want to see the price going down again as everyone is very bullish specially that we have ETF approvals already. But as we can see, the market is really unpredictable that it went on the opposite side. So yeah, it we will at the dip in a positive way, this is a great chance again to stack up sats and accumulate.

[ginsan]

Apart from that, if they are beginners, they should not be too selfish to buy aggressively because they need to strengthen their mentality when the price of Bitcoin changes suddenly. Because beginners often panic when prices fall because they are not experienced enough to deal with situations when prices fall drastically. For that reason, I agree with all the points which deserve to be a priority for us in accumulating Bitcoin for long-term investment.

I doubt that the justification for being aggressive has to do with whether someone is a beginner or not, and maybe the beginner has to be more careful about his level of aggressiveness, and since presumptively he would be in the earlier stages of learning about his investment, but as the person gets more and more systems in place and learns about his investment (and his cashflow situation) he thereby would be in a better position to increase his aggressiveness level.

Of course, for beginners, this will not prevent them from acting aggressively because if they have a lot of money, of course they will not be influenced by their decision to buy aggressively at the start of their investment. However, those who have not too big finances will definitely think about it if they act aggressively in the initial purchase. Indeed, arranging finances is a priority for beginners because they are still new and need learning to strengthen their mentality in Bitcoin investment.

I agree with you that the main point in taking aggressive action is not only carried out by beginners but also by old investors. So that they really think about the decision they make if their purchase is right at the lowest price point to trigger their enthusiasm to continue buying at the next stage. Even though this category is an investment for the long term, it is necessary to find a cheaper price if you want to do it aggressively.

[Tmoonz]

Always having the concept of the thread in mind which is learning various strategies of accumulating Bitcoin for longer time will maximize best understanding, of which having an emergency fund is a key factor that should be infact be prioritize because it does not only help an investor to hold on to his investment it also help from not borrowing in an emergency which at most time attract interest fee at payback time. Bitcoin is in it's journey to the permanent cite it's limited in nature makes it very unique, is a store of value and wealthy. Bitcoin investment is a long time investment that any one venturing in to it should know in other to obtain what should be obtainable. Having an emergency fund will definitely make an investor hold more longer than planned. Hold as long as you can.

Bitcoin is a digital currency but we use this digital currency in different ways. As Bitcoin is used for trading, Bitcoin is used for short-term or long-term investment. You said bitcoin is only a long term investment coin but it depends on the investor whether he invests this coin in long term plan or he invests in short term plan. I think you may consider Bitcoin as an investment platform for long-term planning, but there are many investors who invest and sell their investments within a few days and invest again. The sustainability of the investment will mainly depend on what is the objective of an investor, how he plans his investment. If a different investor is less patient, it is difficult for him to hold the investment for long. Again if the investor is satisfied with a small amount of clubs then that person will not be able to hold his investment for a long time. The investor who can take the maximum risk in the investment, the amount of profit or the amount of loss after investing cannot affect the investor, that investor can basically hold his investment for a long time.

Investing is an art and the person who holds his investment for a long time is the master of that art.

I understand your point sir, the aggressive situation when dealing with bitcoin investment for beginners is not advisable and if focusing on buying only and forgetting to learn at that early stage the person might end up with another story, sometimes newbies focus more on buying aggressively cause of the profit and wanting to reach their target, although it's best for everyone to have a target when investing but not without  the investment knowledge, for example when I bought my first coin I started with just a little amount and as times goes each week I keep increasing gradually.
In terms of learning about investment this forum is the best place to learn about bitcoin and investing just like I have benefited more from other members in the forum concerning investing.

Humans do everything first. First in life we learned to hold a pen but there is a considerable difference between holding a pen for the first time and holding a pen now, first joining a job and still doing that job but there is a significant difference between the first day and now. If you are new to any work, but in a new situation, you should not be afraid today. If a new investor puts fear in his mind in a new situation, then this fear will remain in his whole life, so there is no need to invest with fear, I prefer to invest aggressively with courage in my mind. If someone new to investment sees this and instills such fear in his mind that investment is very difficult and should be invested very carefully, then this fear will remain in his mind for the rest of his life. On the contrary, if you give the investor such courage that you will definitely succeed in your investment, then the investor will have a lot of confidence at the beginning of the investment and can invest with a lot of enthusiasm.  

I have noticed that if an investment is over-thought then the investment backfires so the decision to invest quickly without over-thinking is the right decision.

Well I think every investors has a set goals/objectives of what they want to achieve and when such goals is achieve they tends to pull out part of their investments and set another goal. So taking profit is not wrong from my own perspective, provided you have attained what you are looking for. Just look at it like taking profit and waiting for another opportunity to enter again and start another goal that you have set for yourself. It could be that those investors have been holding for a long time and they have been in massive profit. The reward for investment is profit right?

It is up to you for what purpose you are investing and for what purpose you will keep your investment for long time but if you ask me why I invest and why I keep investing then of course I will say I invest for profit. You may not find investors who are investing for loss rather than investing for profit. I think the main objective of investment is to make profit. Although the strategy is different, everyone invests with the objective of possibly making a profit, investing for the purpose of making a profit, and holding on to their investments for a long period of time, knowing that losses may occur. Those who invest for a long time usually do not wait for an opportunity to sell their investment once they have made a profit and invest again but once they invest they will increase the amount of investment but they will not sell the investment. You can consider traders who buy and sell investments.

@ patrol69 apparently I think you are deviating from the concept of this thread Which is mainly discussing the various strategies for accumulating Bitcoin for long time, you are even mentioning a short time investment and trading i think that doesn't belong to this thread, if am wrong someone should let me know.
Investing  in bitcoin for short time are know or see as trading Which is more like gambling, but you can accumulate and hold through the different strategies, which includes the lump sum, the DCA and also buying when there is a dip.
It is a certainty that every investment comes with it's shares of risk (gain or loss) it is said to hold for long time so that if there was a loss in the process it can be recovered late.

[Troytech]

Volatile nature of Bitcoin is a big issue even for long time investment, it makes both the new investors who's intention is to learn more in the process and the old investors to experience or maximize FOMO and the fear of doubt and uncertainty Which are very common to investors, volatility should only be seen are a characteristic of Bitcoin to encourage investors not to sell but to hold and accumulate even more regardless the nature of the volatility which has made some investors to sell their investment.

I believe many investors already know that bitcoin is volatile even before going into it and this can not be the reason for them to sell their holdings or stop their learning process. I believe it all boils down to proper investment orientation and accumulation strategy which we are all enjoying from this thread, cause what an unexperienced investor ill call them would see as a loss or would cause him to panic and sell his asset another who has a proper investment plan(DCA), has checked out his numbers(his income and expenses), and has already started building a good emergency funds would be in that same position and is only thinking of buying more at that dip and continues his accumulation. Besides Bitcoin price no matter how much it falls always finds its way back up. Think about the March 2020 event too.

This method is a win win situation because your bitcoin investment is winning and your backup portfolio is winning too no matter how small and there's little or no chance that your investment will be uprooted to serve an emergency because your backup funds is both able and capable to satisfy your needs.

Yes it's true that with DCA your investment is always winning as long you've got it all planned well and it's also important to add other strategies like lump sums to keep yourself ahead but it all boils down to what you hope to achieve. But referring to emergency funds, I believe that this is used to take advantage of market opportunities that would have seemed like a loss, like a major dip and then you use your emergency funds that has been kept in case anything happens during your accumulation. I think think its advisable to separate your investment emergency funds from another you can have normal savings incse of expense emergency, but its always good to have emergency funds for your investment incase of worst case senerios. Sir Jay mentioned to me earlier that we can plan out different senerios the market or our investment can go, this would help you to be prepared for everything that could happen.

I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.

no one makes an investment without the intention of making profit, as a matter of fact, the reason why we are talking about the best way of investing in bitcoin is because we want to make profit out of our investment. It's not like any profit would be guaranteed if you don't invest in the first place.

Now talking about the best time to take off your investment is totally a personal situation because their are lots of factor that could lead one to stop holding on to his bitcoin which might include unplanned event or an opportunity that the individuals feels could give greater returns to his funds. But in an ideal process when all these factors are out of place, It's best to sell off your accumulation after the price of bitcoin has increased above the amount you bought it, using the DCA method puts you at an advantage while selling off your asset because it's almost 100% certain that you will sell it out in a price bigger than the one you bought it.

I like you guys to start seeing bitcoin as an asset and not just any investment commodity or scheme and I think the term investment is putting confusion here since many persons have started to look at the profit side although I can't seem to find a word that can replace its context or meaning. See bitcoin more like a real estate, tesla stock or any big companies stock. The idea here is to own as much a large share of bitcoin so that as it progresses your investment progresses. The joy of long term is I bought bitcoin at 1k and now it's worth 50k, now that's we bitcoin holders are looking at , the long term value of bitcoin. So when you guys are talking of profit, you should be talking in term of what percentage or numbers you have accumulated in your investment journey.

[lienfaye]

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

Indeed. Probably many of us are expecting the price will already skyrocket after the recent good news circulating crypto as a whole. But it didn't go the way they expected and the price had correction. This might be a not so good news for investors who have a high expectation that bull run is already coming. But for investors who still want to engage themselves or wants to accumulate more, this situation is an opportunity.

Therefore, don't miss the chance especially if your plan is to hold for long term. Remember that if you want to gain something then you need to take risk. So buy and forget for a while. In time, you'll see the worth of holding Bitcoin (long time investors already proven it).

[FinePoine0]

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Humans do everything first. First in life we learned to hold a pen but there is a considerable difference between holding a pen for the first time and holding a pen now, first joining a job and still doing that job but there is a significant difference between the first day and now. If you are new to any work, but in a new situation, you should not be afraid today. If a new investor puts fear in his mind in a new situation, then this fear will remain in his whole life, so there is no need to invest with fear, I prefer to invest aggressively with courage in my mind. If someone new to investment sees this and instills such fear in his mind that investment is very difficult and should be invested very carefully, then this fear will remain in his mind for the rest of his life. On the contrary, if you give the investor such courage that you will definitely succeed in your investment, then the investor will have a lot of confidence at the beginning of the investment and can invest with a lot of enthusiasm.  

I have noticed that if an investment is over-thought then the investment backfires so the decision to invest quickly without over-thinking is the right decision.

Well I think every investors has a set goals/objectives of what they want to achieve and when such goals is achieve they tends to pull out part of their investments and set another goal. So taking profit is not wrong from my own perspective, provided you have attained what you are looking for. Just look at it like taking profit and waiting for another opportunity to enter again and start another goal that you have set for yourself. It could be that those investors have been holding for a long time and they have been in massive profit. The reward for investment is profit right?

It is up to you for what purpose you are investing and for what purpose you will keep your investment for long time but if you ask me why I invest and why I keep investing then of course I will say I invest for profit. You may not find investors who are investing for loss rather than investing for profit. I think the main objective of investment is to make profit. Although the strategy is different, everyone invests with the objective of possibly making a profit, investing for the purpose of making a profit, and holding on to their investments for a long period of time, knowing that losses may occur. Those who invest for a long time usually do not wait for an opportunity to sell their investment once they have made a profit and invest again but once they invest they will increase the amount of investment but they will not sell the investment. You can consider traders who buy and sell investments.

@ patrol69 apparently I think you are deviating from the concept of this thread Which is mainly discussing the various strategies for accumulating Bitcoin for long time, you are even mentioning a short time investment and trading i think that doesn't belong to this thread, if am wrong someone should let me know.
Investing  in bitcoin for short time are know or see as trading Which is more like gambling, but you can accumulate and hold through the different strategies, which includes the lump sum, the DCA and also buying when there is a dip.
It is a certainty that every investment comes with it's shares of risk (gain or loss) it is said to hold for long time so that if there was a loss in the process it can be recovered late.

Here actually the newbies about investing don't face any losses and get the opportunity to buy Dip in the right way. However, since the price of Bitcoin fluctuates up and down, these discussions are very important to strengthen and ultimately sustain the investment for the long term. Holdings should not be short-term compared to the price of Bitcoin, the target should be for several years then the target will be complete. Whenever you compare your long-term holdings with the price of Bitcoin, the lure of money will force you to divest your holdings.  This is why I would say that you should never compare your long-term holdings with the price of Bitcoin. My holding will be for 7-10 years only then it is possible to convert to long term holding.

[Gallar]

Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!

Buy the DIP, and HODL!

Prices still holding at $41k, but yeah, who knows, maybe in the next coming days it will be <$40k and so it will be a good buying opportunity again specially for those who have funds and take advantage of the situation.

Obviously, we don't want to see the price going down again as everyone is very bullish specially that we have ETF approvals already. But as we can see, the market is really unpredictable that it went on the opposite side. So yeah, it we will at the dip in a positive way, this is a great chance again to stack up sats and accumulate.

Yes, for bitcoin investors looking to take advantage of the bull market, the current dip is indeed a great opportunity to jump in and buy. I tried checking on the exchange earlier, it turns out that Bitcoin has experienced a price decline again. Even though it's not very deep, this is the right moment to buy bitcoin. Although we don't yet know whether the price of bitcoin will fall further or not. But in my opinion, don't wait for prices to drop again. Because it could be that a few days later the price will rise again and it will be difficult to reach the price at the current point. Because as you said, the current price of bitcoin is difficult to predict. Therefore, it is better to take advantage of the existing momentum, rather than having to wait.

Although the risk of price decline is still quite large. But in my opinion the potential for price increases is quite large too. Because if you look at market sentiment and fundamentals, the price of bitcoin will continue to move towards increasing prices. The reason is because Bitcoin will soon face a Halving cycle. Which of course will make many bitcoin investors flock to buy this asset. Then the second reason, as you said, the bitcoin ETF has now been legalized. If seen from a positive perspective, Bitcoin will become increasingly popular with many people.

So if you look at these aspects, I think bitcoin will continue to experience price increases.