Buy the DIP, and HODL!

[Litzki1990]

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

The recent price drop is indeed very important to take advantage of, especially for those who are trying to collect more Bitcoin at $41K. Because I think the current decline will not last too long in Bitcoin because there are still some good influences for the next price increase this month even though it happens more slowly. However, I believe that the price decline will not be that long in Bitcoin, because the influence of the large number of buyers can also be a real factor in the next price increase which will make the market turn green again this month.

Here we will hold Bitcoin for the long term, here we will determine the price by following the DCA method of investing for the long term. If we buy bitcoin at current price of 41k, again if bitcoin price is 44k we will buy here as usual. We will average between these two prices and thus save our investment.

It is your complete misconception that we don't care about short term investments. You don't know every investor's plan or what every investor is planning with his investment or what is in his mind but you don't know. You can say whatever is on your mind or what you have planned. It is an investor's sole decision to hold that investment.  
Here we only express our opinion and discuss the things which are right and the method of investing which will make investment easy and long term investment or what can be done by long term investment. We are only discussing here but someone's personal matter but we cannot decide. I think investing in DCA method is reliable for you, many may not like this method, it's a personal matter.

We never think of short term investment, more long term investment the more we can grow wealth. Evolve your thinking, ditch short-term investments, and embrace long-term investments.

We cannot prohibit anyone from investing like this. You are directly telling us to never invest in short term plans. With your words like this, if an investor refrains from investing according to his wishes and invests according to your words, and if he is not satisfied by investing according to your words, will you take responsibility for that investment? It is not necessary for you that an investor must invest in you for a long period of time. If you are not in favor of short term investment then you can discuss long term investment.

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!

The 40k price level has been tested for several times, and the more often the price kisses or visits a support or resistance level, the weaker the level becomes, so I think we have right now another great opportunity to buy more Bitcoin, So, I have set some market orders way down to $38k should the price continues to dip down because $38k is another important level of support for the Bulls to fight, to try to push the price back up to continue the trend.

You placed an order at $38,000 which means you will start investing when the Bitcoin price is at $38,000. You have placed an order at $38,000, now the price of Bitcoin is slightly above $40,000, that is, the price of Bitcoin is not far from your order, but the main thing is whether Bitcoin will break the support of $40,000. If there is a strong support at $40,000, Bitcoin will keep going up again after hitting $40,000 and your investment will never be complete. You confirm with us how you are investing, if you want to invest a lot of money at once you can wait up to 38 thousand dollars or if you think you can hire a small amount without investing a lot of money at once.  In that case you can start your investment even from this market condition. It is often said that there is no point in stressing over small price differences when investing in a long-term plan.  
In the long run, your purchase price will never have that much difference in future value.

[1714681412]

1714681412

[1714681412]

1714681412

[1714681412]

1714681412

[JayJuanGee]

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!

"I'm not sure how low" , this is the problem with buying the dip. The confusion, the anxiety, the FOMO and all manner of unrest are what make me so uncomfortable with buying the dips. You could buy $42,000 and price drop further to $40,000 and further to $38,000 and even more. In this case, which is the real dip and when will it stop going down? This seem complicated for those of us trying to have a hang of this.

Buying at the dip is a good way to buy bitcoin in discount and you will get more profit, the moment bitcoin price surges high. This is why an investor needs to make a proper plan and prepare himself to buy at the dip and even when the price is up. This is done by placing a buy order for you to follow when bitcoin price goes up or down. For instance, you can say that if bitcoin price is $41k, you buy $150 and if it falls to $40k-$39k, you buy $200 worth of bitcoin. In this way you can also reduce your buy order when the price is increasing as so on. However everybody can sort out how to go about this based on their own situation.

My personal experience has been that if the BTC price has gone up a lot, then I end up accumulating a lot of cash, and I am not saying that would necessarily be the case for someone who is newer to bitcoin because you probably would mostly be accumulating BTC so you might not accumulate as much cash.  Yet, if some reason you have been building a reserve in order to buy BTC when the price dips, my experience has been that I have tended to be someone aggressive towards the beginning of the dip (even if I might try to wait for a 10% or more dip before I start buying), but then if the dip continues, I tend to be running out of money because I am buying mostly from my reserves and as the dip keeps happening my reserves become more and more depleted.  So at some point, I can see that I will run out of money if the BTC price dips below a certain price, so I end up having to lower the amount of my buys rather than increase them becuase of the running out of money problem and that running out of money problem can exist in a lot of circumstances that are even less than 50% price dips, but even something like June 2022 when the BTC price went below the 200-week moving average, I had already been reestablishing my budget so my buy amounts were already becoming smaller and smaller, and even when we had the later in the year dip from $20k-ish and down to $15,479, sure i bought some BTC, but I still felt that I could not completely exhaust whatever reserves I had at that time, because late 2022 or even early 2023, none of us could really know if that BTC price bottom was in yet or not.. and maybe we did not really start to feel like the bottom was in until much later into 2023, even though there still could have had been questions about the bottom or even how much to prepare ourselves with keeping some reserves in terms of how much the BTC price might still continue to drop, so even if the BTC price might start going back up, we are still likely going to continue to have some reserves that do not end up getting used, which seems to be a good thing, even though it is not putting that money to work.

Buying at the dip can also be done by saving any extra money that you have unexpectedly, like bonuses from work or traveling allowance e.t.c, so that when the dip comes, you can take advantage of it. Another way is that if you are DCAing $100 weekly, you can cut it to $70, and save $30 for buying at the dip. As a newbie in your early stage of accumulation, it is better to continue with DCA, and as time goes on when you have the strong believe on bitcoin, you can set a strategy that will enable to have the opportunity to buy at the dip, lump sum along side with your regular weekly or monthly DCA.

This is the opportunity to buy bitcoin aggressively, if you have the money but don't overdo it so that it doesn't affect you later when you go and tamper with your emergency funds.

These are all good points regarding potential ways to deal with possible cash shortfalls and uncertainties regarding how far the BTC price will drop and how long such drop is going to last.

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!

The 40k price level has been tested for several times, and the more often the price kisses or visits a support or resistance level, the weaker the level becomes, so I think we have right now another great opportunity to buy more Bitcoin, So, I have set some market orders way down to $38k should the price continues to dip down because $38k is another important level of support for the Bulls to fight, to try to push the price back up to continue the trend.

What trend?  You are talking about some kind of bullshit short-term trend that may or may not exist?  I doubt that there is very many questions to doubt the trend that we are already in even if we are currently experiencing a correction that is so far only slightly more than 20%.

The most major trend is that between late 2021 and late 2022 we went from $69k to $15,479, and then from late 2022 to now we have largely been going up (even though we might not have realized that we were going up until around mid-2023 or even not until late 2023 might we started to feel more comfortable that we are most likely in an uptrend that started from late 2022), and so it would be hard to believe that we are stopping from going up, even if we may well have various degrees of correction along the way, and even if we were to go back down to $25k.. seems like a BIG so what?  The trend is up, and don't get me wrong, I have my doubts that $25k is likely, even though it is not impossible to happen... but if we are largely longer term BTC holders and even BTC accumulators, we should always be attempting to prepare ourselves (Financially and psychologically) for both directions at the same time, including potential extremes that could end up happening.

[junder]

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

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.

yes I agree with you, indeed in my own opinion even before launching or doing investment things, of course we must have funds that are really not funds for other things, the other side of the needs are well covered, as well as emergency funds that are safely under control, if indeed these two things can be resolved then to invest in BTC or others. And it's true, basically everyone will definitely need an emergency fund, because something that happens unexpectedly of course it can happen and to overcome it of course a fund is needed, and with the emergency fund that is owned of course it will help overcome things that happen unexpectedly. and also it helps the investment made so that it is not disturbed.

in my opinion it should be as a man to have a job and also a clear income, because later a man will become the head of the family where it really has to be prepared, and not to mention that we must have our own desires so that it must be realized by our own efforts, with the income earned we can make it happen. As long as you can manage your finances well I think it can be done, dividing income for basic needs and for desires as well as setting aside to invest, but it must also be done properly and with good knowledge because if you do it carelessly then it is the same as lying. as you said, bitcoin investment is one of them, if you really understand it. As usual, if you have invested in one of them Bitcoin, don't let it be disturbed by other things, so in my opinion all of these things are interrelated, where emergency funds can help the investment journey. so as not to be disturbed, and investment also helps us for the future.

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

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.

However and in any case management must still be applied especially when it comes to finance, another thing is that I quite agree with the idea of your statement about how to have a good approach by having a balance in terms of finance and one of them is like setting up an emergency fund before you get involved in bitcoin accumulation.  This method is really recommended, especially especially for people who have medium or even below average finances, as the discussion this time that we will never know about what will happen in the future in our lives, it is very possible that we can experience unexpected things such as experiencing things that require emergency funds such as illness and require medical expenses, and obviously if we have not prepared an emergency fund at all, then obviously the more likely thing is that you will sell some of the bitcoins that you have and that you have maintained so far.

On the other hand, I think it may not be uncommon for investors to experience situations like this so that in the end there is no other way but to take or sell some of their bitcoins to solve problems in urgent situations. Therefore, planning is really a very important thing that must be prepared in advance such as preparing a number of things that are needed and one of them is like an emergency fund. Honestly there is absolutely no compulsion for anyone to get involved in bitcoin accumulation, if indeed you are still a schoolboy then I think this situation is not too appropriate for you to start getting involved, unless indeed you are already working and have your own salary and feel sufficient in terms of income then go ahead if you want to get involved in investing. Simply put if indeed you feel capable in terms of finance then please with a record of having a good understanding of the world of investment, my advice is not to focus too much on profits because after all investment is about profits and losses meaning you can profit and you can also lose and this can be one of the reasons why risk management is really a very important thing for a prevention or action to minimize.

Back to the original discussion that emergency funds are really needed to minimize the unexpected and this method will make you calmer and I think will not interfere with the DCA method that you are running, this is useful for maintaining and increasing the percentage of maximum profit at the end of planning and involvement.

it may happen,  but as @salad daging said before, before making an investment it is better to prepare an emergency fund in advance with a certain period of time, because this will certainly help deal with things that can happen suddenly such as illness that requires regular treatment as you said. as much as possible before making an investment, you must first prepare what must be prepared so that something unwanted does not happen such as selling the investment in the middle of the road, because in my opinion it is not the only option to overcome the things we discussed.

And as I said before,  it seems that investing is better done with money that is really not for anything else I mean the money used for investment is free money  not intended for anything else apart from that maybe there are some people who invest but don't prepare an emergency fund first,  so they just invest without thinking about the things they have to prepare first.

To be honest,  I think that if you invest but don't have an emergency fund in advance it is vulnerable to disruption of the investment made,  but it all comes back to yourself who has a choice,  and I'm sure we ourselves also have good thoughts so we will definitely do things that we think are good even if it's by selling investments in the middle of the journey,  if it's the best choice then there's nothing wrong with it.

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

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.

This is what im actually doing because i have some past experiences on the time that you are really that in short of funds then you would likely be pulling out all of those investment that you have made even if the position
neither be negative or positive then since you dont have any choice then you would really be that pulling up those investments without having second thoughts. Sometime you would really be having that kind of emotion
and feeling that this is something that cant really be avoided. On the time that i do make our some realizations that there's should really be that back up funds on where it is really that dedicated for emergencies
or would really be with those sudden unexpected moments on which it might cause for us to have those kind of decisions.

Buy the DIP and Hold? Sounds pretty easy but on the time that you are dealing with a volatile market then it wouldnt really be that so easy on how you would really be having those
kind of experience along the path. The thing here is that you should really know on when to make DCA and when to secure profits on the right time but since we are
talking long term on here then it would be your own personal choice on when.

in my opinion if there is no choice but to withdraw all the investments that have been made it is not a problem, because there is no other choice apart from that, but in my opinion when we do not have an emergency fund but make investments and one emergency fund. One day I found something that really needed money to deal with, maybe we can take out a loan first, at least we don't live alone, there are family or relatives who might be able to help, even if we can't help, in my opinion, you can take a loan from the bank. Even though the risk is big, if we are sure that we can manage everything well again,  in the sense of being able to pay off the loan,  and still be able to retain the investment that has been made, in my opinion there is no problem. if like that. And like the experience you had, at that time did you not think in this direction? So you choose to withdraw the investment you have made, because that is the only option you have.

it's not easy to be able to do this one thing, because in my opinion it requires as well as strong consistency not everyone can do this,  but everyone can learn to do their best. because in my opinion bitcoin investment or others do require a long or long time whose purpose is to produce clear benefits and also really profitable. and with this long period of time that must be considered.

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

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.

This is what im actually doing because i have some past experiences on the time that you are really that in short of funds then you would likely be pulling out all of those investment that you have made even if the position
neither be negative or positive then since you dont have any choice then you would really be that pulling up those investments without having second thoughts. Sometime you would really be having that kind of emotion
and feeling that this is something that cant really be avoided. On the time that i do make our some realizations that there's should really be that back up funds on where it is really that dedicated for emergencies
or would really be with those sudden unexpected moments on which it might cause for us to have those kind of decisions.

Buy the DIP and Hold? Sounds pretty easy but on the time that you are dealing with a volatile market then it wouldnt really be that so easy on how you would really be having those
kind of experience along the path. The thing here is that you should really know on when to make DCA and when to secure profits on the right time but since we are
talking long term on here then it would be your own personal choice on when.

Just like what @JJG said in his earlier post that, there are fours ways which an investor should prepare on when he wants to start his bitcoin accumulation, which are having plans to buy on the dip, lump summing and the superior of all the DCA method, and the fourth one is your emergency funds that will cover 3-6 months duration. The emergency funds is more important because if you don't have it ready, there is no way that you will succeed in your bitcoin accumulation journey. You will end up ruining it because you don't have what you will fall back on to use, when the unexpected and unforeseen challenges arises, which must be taken care of. This is why I make my emergency funds my priority as I am investing using the three methods to accumulate bitcoin depending on the rate of my cash inflow at that moment.

You are talking about taking profit while Dcaing, it means that you are killing the purpose of Dcaing, which is to increase your bitcoin portfolio during your accumulation stage. It is good to aim at long term profit and not short term profit so that you don't end up making wrong decisions that will lead to you regretting your actions through out the rest of your life. This is because there are mistakes that we take that we might not be able to correct anymore and they will live with us and it will be too late for us to do anything than regret.

Sell not but hodli and see that your investment is worth hodling for the future.

that's right, besides being able to help with investments made, emergency funds are also indeed important in our lives. and also with the four points  you conveyed, I think it should all be considered well prepared, especially with emergency funds that we can do. because even though someone does not invest, but if they already have a clear income then they must have an emergency fund. the purpose is to overcome things that happen suddenly. I hope everyone can look at this one thing that is indeed important in life even though they don't invest.

 I think everyone who invests of course they are aiming for big profits, but behind that what must be considered is our ability to run it, will we be able to hold it for a long time or not. because to make a big profit it may indeed take a long time, not short-term profits like you said. also by investing everything must be considered including the steps that will be taken, considering everything well so as not to take the wrong step and then regret for life like you said it, because with a lack of consideration of something in my opinion it will indeed produce something that is less than optimal or worse maybe bad.
because I think we should be able to hold it well, not sell it because of poor readiness.

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

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.

to be able to produce the best of course we have to do the best, and by learning every aspect related to investment it is a must, because it is impossible to invest without the slightest knowledge, it is like trapping a crocodile with a mouse trap that certainly will not work. and even though learning things that are supposed to take a long time, it is not a problem. because if someone has the desire and with strong ambition then I think they will not care about the length of time they have to learn many related things.

I agree with you bro, having an emergency fund will help us to be able to hold on longer, because as @Salad daging has said above, by having an emergency fund, of course the investment will not be disturbed so that way we can still run it well to be able to reach the peak that is targeted. because indeed a profitable investment is a long-term investment, but not everyone can do this, because it takes patience and strong consistency to be able to do this well.

[$crypto$]

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!

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

It is good idea  to have a longterm plan and not let small changes in the price affect your decisions. By doing this you can take advantage of the market and maybe get more Bitcoin. But it is important to know that it is hard to predict how long the price will stay low. It would be great if it stayed low for a week but the cryptocurrency market is always changing. It is good that you are optimistic and taking action to get more Bitcoin.

Here's the point, you want to take advantage of the DIP opportunity at $41K and then with the available capital then do it immediately don't let this price go high again before you buy DIP, it's discount time and won't be long.

But if you don't have money available for DIP then don't force it, let's continue DCA at any price as long as you are consistent all the time because the results will remain the same where you continue to fight for bitcoin with the first strategy, DCA.

So accumulate as many bitcoins as possible in any way and do not hamper you while you are still able to do it, if not your initial strategy it will be better.

[Salahmu]

The 40k price level has been tested for several times, and the more often the price kisses or visits a support or resistance level, the weaker the level becomes, so I think we have right now another great opportunity to buy more Bitcoin, So, I have set some market orders way down to $38k should the price continues to dip down because $38k is another important level of support for the Bulls to fight, to try to push the price back up to continue the trend.

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

[ginsan]

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

I don't think it's a problem for them to wait for the cheapest price to accumulate Bitcoin, they can wait for $30k, $35K or $38k as you mentioned. Yes, they can make purchase entries at that price without disrupting regular purchases with DCA. I often implement more aggressive purchasing planning at a cheaper price level with funds that I focus on purchasing at the lowest price but that will not disrupt my planning in DCA at all, meaning that DCA continues to run at every stage.

For this reason, it is important to have USDT in your wallet which can be prioritized for buying at unexpectedly low prices, for example making a purchase entry at $20k or $30k. Yes, even though it takes time and it is even difficult to happen at the moment, we don't know if the market situation could suddenly change strongly. However, for those who don't do it DCA or they just buy all at once with a cheap entry, it will certainly require patience to see the price at the level they are targeting. But generally they will miss many opportunities if they continue to delay their purchase. Doubts should not exist for someone who is a loyal holder, meaning they continue to buy with DCA and also buy at the lowest price with the reserve funds they have planned.

[SOKO-DEKE]

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

Waiting for Bitcoin to drop to $38k before buying can be risky because it's quite likely that Bitcoin might not go down to that specific price again. Instead, it could only dip to $40k and then start rising once more. This waiting game might cause you to miss out on the opportunity to accumulate Bitcoin for the entire year. Many people made this mistake when Bitcoin dropped to $20k; they expected further drops, kept waiting, and missed the chance to start buying. While getting Bitcoin at low prices is beneficial, waiting for an even deeper dip might not be a wise strategy.It's possible that the price may never reach the level you're aiming for, leading to missed opportunities and regret. It's important to strike a balance between waiting for a good price and seizing the opportunity when it arises.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

If you're thinking about buying Bitcoin and hoping for its price to go down to $38,000, there's no guarantee it will happen. Instead of waiting for this specific price drop, a smarter approach is to start buying a little bit of Bitcoin regularly, even at the current price. This method is called Dollar-Cost Averaging (DCA). It means you invest a fixed amount of money at regular intervals, regardless of the current price. By doing this, you avoid the stress of trying to time the market perfectly.

Regardless of Bitcoin's present worth, building up a collection over time can be a wise move if you want to keep onto it for a very long time. By doing this, you may take advantage of Bitcoin's potential growth over time and create a more stable investment without having to worry as much about the cryptocurrency's short-term price swings.

[Troytech]

Usually the best way to deal with fear is position size, so if you are trying to be aggressive with your BTC investment, you still likely have to not be so aggressive that you end up feeling uncomfortable... so ONLY you are going to be able to figure out that balance or even how much you might not want to say to others since your investment is your choice, but yeah, sometimes you want to share things with others close to you too. I know that I was called stupid by a lot of nocoiners and low coiners for 2-3 years and even more than that, because even when my BTC investment became profitable, I was called stupid for not cashing out in the big price rise of 2017, for example, and the same was true in the big price rise in 2021, why not cash out.  So people are going to second guess you and you can even end up showing that the investment continues to go up, and they will still say it is dumb..and what happened in the past cannot also guarantee future performance that is even going to be close to past performance, but that still might go to getting comfortable with a position size... and maybe no matter what there is going to be some discomfort in regards to whether you put in enough or if you might have put in too much...and I am not sure how long it takes for those feelings to go away or to be sufficiently reduced.. maybe with such  a volatile asset such as bitcoin that is almost inevitably going to continue to be volatile, uneasy feelings will never go away completely, but they can be put into some kind of a comfortable place that surely feels better when you are in profits as compared with being in losses, and even Michael Saylor (and MSTR) was in losses in regards to his bitcoin investment (with an investment average that was in the upper $20k and in the lower $30ks, depending on when you assessed his holdings) for a decent amount of time between mid-2022 and late 2023

I mostly don't care about what people would say with respect to this decision I've made, and if I end up on a profit or loss is not of their concerns too. From what you've said to me before now, which I'm standing on and I feel would work best not just as a strategy but also as a mindset, I would keep on buying and trying different things out until I've got that pattern that gives me that comfort and balance. And I plan not to go to aggressive till I end up in regret, cause I really want to hold, I'm not really looking for a short term profit from this action. If I'm able to keep on accumulating at a steady pace which I can increase as I know my numbers better and my emergency funds grow larger I believe I would still be at a the winning side on the long run, just that the only mistake I can minorly make is too end up accumulating a small percentage at a higher price when If I had given the market a different approach I would have end up accumulating even better.
And as continue to study your examples, I keep on seeing reasons why a good strategy and emergency funds can help me accumulate more for a lower average investment than even aggressively buying. And I believe as I continue to get acquitted with the experience, the feeling would reduce and confidence would replace fear. The fear or unease I'm feeling right now is coming totally form my lack of experience and when I get more experience, confidence would totally or I'll feel more comfortable with any challenge that comes my way.

I am not sure if I get exactly what you are saying, yet having a plan is very helpful and sometimes having some flexibility is helpful, too.  So yeah you can buy right away with some and then you can have some funds for buying on dip and also some funds that you add to your emergency fund, and once the emergency fund gets to a certain comfortable size, you likely would not need to keep adding to it, so then new money coming in would be able to dedicate to buying bitcoin DCA or holding for buying on dips.  I recall when I was having some cashflow problems in mid 2015, there were several times that I was getting some extra $20 or $100 or some other random amount, and so I had expenses, so usually when that money came in, then within a day, I would spend half of it on buying bitcoin (no matter when it was confirmed to come in, either hit my bank account or I would receive in cash), then then the other half would just go towards expenses, so at the end of the month or whenever my various expenses were coming due, I could reassess based on the half that was building up if I had anything left that I would be able to use for buying more bitcoin, otherwise that extra money would  just sit in my cash account an wait for various bills to come in and sometimes the certain bills would be expected to be a certain amount, and when they came in they might be more or less than expected, and some of the reserve funds would go to that if the bills were higher than expected, and if they were lower then expected then the money in that fund would be available for buying BTC... so yes, maybe you are saying something very similar, and after you practice such a thing several months, then you will get more used to what works for you and the ways that your cashflows are coming in.  My situation was different in 2015 than it had been in other times based on some problems that I had with a business partner at the time that caused me extensive uncertainties, expenses but then uncertainties in my cashflow too.

Now I get, I was initially thinking I would continue adding to my emergency fund like forever, that's why I've asked some time ago what's the use of emergency fund. Now I've got a clearer picture here. I think when I done building my emergency funds i would direct  that money for dip buys sunce it would put me at a better profit, since I'm actually buying BTC  at a lower price, I'll still adapt a little but flexibility so a little lump sum would not be that bad too with that extra going into my investment.

Well use whatever you are able to use.  I do find Excel to be very powerful to keep track.

But you could come up with various paper versions, even though the problem might be that you have to continuously rewrite everything once you change a variable or two.  One good thing about excel is that you change one or two variables and then all of the numbers will be adjusted accordingly, so sometimes you can have several different variations of similar things that help you to figure out various scenarios and to incorporate them with copy and paste..and maybe just change a few of the variables and get a whole different set of numbers that you can compare scenarios.

Thanks for the update, I'll start doing it now so i can get used to it. I guess having different senerios planned out and me tracking my progress in numbers would help me have a detailed documentation of where I am, where I aspire to be and where I'll be in a few months or so. This tracking process would really help me out in case I make mistakes I could know in details how I got there and I could easily analyse it and also learn from it. I guess this would be really fun. Starting to get fired up All over again.

Nothing wrong with that... You should be at a point that you are comfortable anyhow.. so if you start out with $25 per week even though you could do $100 per week, you might feel more comfortable, and even if you have $1k available that you could lump sum, maybe you decide to just lump sum $200 at some point that you are ready and to hold the other $800 in reserves.

Yeah my comfort is all that should matter to me, and having a good reserve for a start would keep me at peace in case the price start racing against me.

You also know more about yourself if you invest 3 months and then 6 months and the 9 months and then a year.  So as you are investing, you get to know yourself better..   you get to know your balances, and you become more informed about your investment, especially if you are having some troubles with the theory sinking in, after you have some of your own experiences, then you have some stronger reference points in which to compare what you did and where you are at and what you might do into the future based on what you did and also where you are at that had hopefully changed, especially if you are reassessing a year or even several years down the road... Sometimes it can seem that the progress is taking place so slowly, especially in the beginning the amounts might seem so low... but if your holdings are growing then maybe it still seems that the amount that you are adding is so small compared to your total investment, but you also realize that if you spend years and years and years adding certain amounts, the total starts to build and even what you added might end up having some compounding effects later down the road.

A journey of a thousand miles begins with a step, although I'm not acquitted with the road, I'm ready to keep walking until I'm used to it. In essence it's all about having a steady investment into bitcoin that can continue for years than to go aggressively and end up not been able to continue and probably because of poor initial planning and just diving in with reading what the sign says on the road. I'm here so there are mistakes that I can be saved from when I share my problems.

It seems that we are potentially in an upward trend this year and next year, but sure that is not easy to know.  Probably the best that you can do is to project how much cash you are going to put into bitcoin rather than how much bitcoin that you will end up getting from that cash injection.

And with an Excel spreadsheet you could plot out the various kinds of scenarios in regards to your expected progress for this upcoming year, and 2025, 2026, 2027, 2028 and maybe additional years.  Of course, you can do it on paper too, but it also seems to be one of those kinds of things that is constantly adjusting, which is one of the powers of the Excel spreadsheet, so you could even have some projected percentages of how much cash you might plan to spend to get BTC and also how much BTC you expect to get from each of the purchases, so you could have today's prices, and so as the price changes, the projections would change. .. so some scenarios might be BTC prices going down and others with BTC prices going flat and others with BTC prices going up, but I think that the most realistic is the scenarios of BTC prices going down, and so you might have some parts of thses projections that you change every month or whatever in order to project the future based on ongoing updates.

Wow neva thought of this. This is more accurate than the way I planned on using excel. That means I could plan up to even 10 years ahead putting numbers in place helping me to better guide my steps. With all this different senerio I'll be ready for anything that way I won't worry much about anything.

[Tmoonz]

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

Waiting for Bitcoin to drop to $38k before buying can be risky because it's quite likely that Bitcoin might not go down to that specific price again. Instead, it could only dip to $40k and then start rising once more. This waiting game might cause you to miss out on the opportunity to accumulate Bitcoin for the entire year. Many people made this mistake when Bitcoin dropped to $20k; they expected further drops, kept waiting, and missed the chance to start buying. While getting Bitcoin at low prices is beneficial, waiting for an even deeper dip might not be a wise strategy.It's possible that the price may never reach the level you're aiming for, leading to missed opportunities and regret. It's important to strike a balance between waiting for a good price and seizing the opportunity when it arises.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

If you're thinking about buying Bitcoin and hoping for its price to go down to $38,000, there's no guarantee it will happen. Instead of waiting for this specific price drop, a smarter approach is to start buying a little bit of Bitcoin regularly, even at the current price. This method is called Dollar-Cost Averaging (DCA). It means you invest a fixed amount of money at regular intervals, regardless of the current price. By doing this, you avoid the stress of trying to time the market perfectly.

Regardless of Bitcoin's present worth, building up a collection over time can be a wise move if you want to keep onto it for a very long time. By doing this, you may take advantage of Bitcoin's potential growth over time and create a more stable investment without having to worry as much about the cryptocurrency's short-term price swings.

Lesson well learnt, many will definitely take advantage of the knowledge being shared here while others will miss out, the individual cash flow is what i consider very vital follow by the investment strategies and getting started because procrastination could possibly lay off the target.

Waiting for the expected dip could be very risky because their is no guarantee that you can even be satisfied with the dip you are expecting, you may probably be waiting for more dip, take advantage of every dip by increasing your DCA is another smart approach, if your DCA allocation is usually $10 monthly it can be increased to $15 when in dip instead of waiting for the perfect dip that may not happen.

[Dailyscript]

~

Well, comprehensive writing, and now you understand why it is best to patiently buy Bitcoin and hold it for a long time instead of aggressively buying it with the intention of taking quick profits. You know, I started my Bitcoin investment journey just the way you did until I became acquainted with it. All thanks to Jayjuangee for helping me through this period. My candid advice to you is to maintain consistency since you have chosen a refined investment strategy that has worked for you. I am focusing on consistency here because if you started buying your Bitcoin with a specific target in mind, then you stopped at the way, maybe because of other expenses that you did not put into consideration, which will hinder your accumulation target, thereby increasing the time to reach your target.

If you have been following this thread for some time, you would have come across the part where Jayjunagee mentioned that Bitcoin is best invested in percentages and DCA is the right strategy to invest in using percentages. All you have to do is divide your income based on percentages into an emergency fund, monthly expenses, and investments. If you follow this method, you will not encounter any difficulties in your bitcoin accumulation. This is a risk-free and stress-free investment strategy that will increase your accumulation without worrying about the price movement of Bitcoin.

[DubemIfedigbo001]

Buying at the dip can also be done by saving any extra money that you have unexpectedly, like bonuses from work or traveling allowance e.t.c, so that when the dip comes, you can take advantage of it. Another way is that if you are DCAing $100 weekly, you can cut it to $70, and save $30 for buying at the dip. As a newbie in your early stage of accumulation, it is better to continue with DCA, and as time goes on when you have the strong believe on bitcoin, you can set a strategy that will enable to have the opportunity to buy at the dip, lump sum along side with your regular weekly or monthly DCA.

I'm not a fan of victimizing an obvious advantage over an anticipated one, in real sense, I would not advice someone to tamper with their already DCA accumulation journey because they're optimistic the there'll be a dip some day, and they buy with the money they've been cutting out from their DCA accumulation strategy, NO. In  financial intelligence, you don't alter your already  existing investment, to entertain another one, , instead you make new plans to contain a new Idea without hurting the previous one. Tampering with your investment routine before maturity is a very bad financial advice.

For and effective DCA accumulation, consistency and dedication is key, if you'll cut your routine purchase from $100 to $70 for buying the DIP,  you're no longer consistent. Now convince me that you'll not cut it further down to $50 if there's another interesting accumulation idea that comes to your mind?.

I'm a big fan of a win win formula and I believe from the time you feel that there's going to be the possibility of a dip and you're interested in buying it, you've to sort out another means of accumulating money for it, you can take up a new job solely for that very purpose, and create a different account to hold funds for buying the dip, you can also cut down  your spendings to be able to save more. Its better you find a way to make more money to buy the DIP whenever it presents itself than tampering with your already running investments. That way your DCA accumulation journey isn't tempered and your buying the DIP plan is effectively serviced.

[FinePoine0]

Waiting for the expected dip could be very risky because their is no guarantee that you can even be satisfied with the dip you are expecting, you may probably be waiting for more dip, take advantage of every dip by increasing your DCA is another smart approach, if your DCA allocation is usually $10 monthly it can be increased to $15 when in dip instead of waiting for the perfect dip that may not happen.

How is that possible?  Bitcoin price does not go up and down all the time.  Is the dip you suggested to purchase correct at all?

Since the Bitcoin market is unregulated, what decisions can be made when buying a dip is if the Bitcoin market is bullish. The bitcoin market will not be so low that when buying bitcoins at $10, secondly if buying dips then how is it possible to get $15 equivalent bitcoin digits. Ever wondered how much the bitcoin market would have to be to get a $5 profit if you bought $10 worth of bitcoin?

The current bitcoin market is up to 41.3k, here if you buy a bitcoin for $10 you will get 0.00024 bitcoins. If you want to collect 15 dollars worth of bitcoins with 10 dollars then the price of bitcoins should come to 31000 dollars then you will get 0.00049 digits of bitcoins.

@Tmoonz You judge how the price of Bitcoin can be so high, why are you misleading people with wrong advice. Is it possible for such a big Bitcoin market dumping, never.

Investing in the DCA method is a method in which you will continue to buy bitcoins regularly and hold them for a long time. Bitcoin should be invested in weekly or monthly DCA method. And once you start investing bitcoins with DCA method you will be attracted to investing yourself. DCA method is popular among all investors.

[Littlemini]

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!

The market is now at $41000 but there are many investors who are waiting for the market to come below $40K. If investors pledge to come below 40k then they might miss out on investing now. The market broke out of the barrier of $41K and went down, but the market did not last long, and soon the market went back above $41K. There isn't much difference between $40K and $41K when it comes to long-term investing. If a person invests one bitcoin the dollar difference will be one thousand dollars but most investors will not invest one btc at the same time. If under $40k is a good time to invest then I would say $41k is not a bad time to invest either.  Investors invested $30K $40K and a maximum of $48K.  

Investors have invested step by step but no one has done wrong by investing. Those who bought bitcoins during relatively high prices will probably sell bitcoins at relatively high prices, there will be demand to sell as much as to buy. Those who are waiting for the investment of forty thousand dollars can invest according to the current market if they want. I hope that your investment opportunity will not be missed.

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.

Reserve money means not spending that money all the time and spending that money for extra needs. Amount of money for investment is different and reserve currency is different. The investor will use the reserve currency when he is unable to invest regularly. For example, an investor is regularly investing $50 or $100 every week or every month, but due to excessive demand for money, it is not possible for that investor to invest that amount of money at that time every month or week, then that investor will get the benefit of investing by using money from his reserve. Thus, after investing from the reserve currency, when the additional financial needs of the investor are met, he can make up the amount that he used for investment from his reserve currency later.  

Although most investors do not keep reserves in their investments, it is definitely necessary in their investments. If you suddenly stop investing after investing for a few days, then you no longer have the same mindset to invest later. That is why it is very important to keep money in reserve so that the investment mindset is maintained properly and if you keep a reserve, the investment will definitely be much stronger.

Of course having money reserves is important in investing but I am a new investor and I want to invest all the money I have in Bitcoin. It's not that I won't have money in the future, I definitely will have money in the future and I can definitely keep some money in reserve for investments if I want to. I made an investment and made this sudden decision without much prior planning in holding that investment. Since now thinking about investment again, it will definitely be in my plan to have a reserve fund so that the investment is not irregular.

[Moreno233]

Of course having money reserves is important in investing but I am a new investor and I want to invest all the money I have in Bitcoin. It's not that I won't have money in the future, I definitely will have money in the future and I can definitely keep some money in reserve for investments if I want to. I made an investment and made this sudden decision without much prior planning in holding that investment. Since now thinking about investment again, it will definitely be in my plan to have a reserve fund so that the investment is not irregular.

Please don't invest all your money in Bitcoin, that is not how to go about Bitcoin investment else you will be forced to sell your Bitcoin when something that you need money for comes up in the future. The topic of this discussion is how to buy and HODL, that is keep your asset for as long as it is necessary. Many things are required to be able to hodl Bitcoin and part of them is that you do not put all your money in Bitcoin but some of them.

If you have some money now and you want to start investing in Bitcoin, first calculate (you can estimate if you do not have the exact figure) how much you need for your basic needs up to when you expect to have another money, keep that aside and check how much will be remaining. From the balance, remove some money again for any emergency that can come up between now to when you expect another money and also keep that one aside. Then you can invest the remaining money in Bitcoin and you will have peace of mind.

This way, you will be living your life normally while also making your Bitcoin investment and trust me, you will not be under pressure to sell your Bitcoin when problem come up in the future. Chose the best way to buy that is suitable to you, as have been explained in this topic and you are good to go.

[naira]

~

What trend?  You are talking about some kind of bullshit short-term trend that may or may not exist?  I doubt that there is very many questions to doubt the trend that we are already in even if we are currently experiencing a correction that is so far only slightly more than 20%.

The most major trend is that between late 2021 and late 2022 we went from $69k to $15,479, and then from late 2022 to now we have largely been going up (even though we might not have realized that we were going up until around mid-2023 or even not until late 2023 might we started to feel more comfortable that we are most likely in an uptrend that started from late 2022), and so it would be hard to believe that we are stopping from going up, even if we may well have various degrees of correction along the way, and even if we were to go back down to $25k.. seems like a BIG so what?  The trend is up, and don't get me wrong, I have my doubts that $25k is likely, even though it is not impossible to happen... but if we are largely longer term BTC holders and even BTC accumulators, we should always be attempting to prepare ourselves (Financially and psychologically) for both directions at the same time, including potential extremes that could end up happening.

It always coincides with my current personal situation. Where this morning my wife kept raving Bitcoin went down right after she bought it. btw he's been doing DCA once a week, now it's been going on for about 4 or 5 months, I need to be his mentor in dealing with unexpected situations like you said with extreme potential. There are many things that can be done including cultivating a strong mentality, avoiding negative media a little, and making sure not to look at Bitcoin prices too often. He just tries to buy, withdraw it into his wallet then forgets about it until next week when he goes in to buy.

Talking about trends definitely refers to longterm trends, we are still quite at the point of improvement, but if we are referring to shortterm trends then we don't have any targets in the near future, other than waiting for the halving which is around 100 days from now.

https://coinmarketcap.com/events/bitcoin-halving/

[Salahmu]

Of course having money reserves is important in investing but I am a new investor and I want to invest all the money I have in Bitcoin. It's not that I won't have money in the future, I definitely will have money in the future and I can definitely keep some money in reserve for investments if I want to. I made an investment and made this sudden decision without much prior planning in holding that investment. Since now thinking about investment again, it will definitely be in my plan to have a reserve fund so that the investment is not irregular.

One of the things you most understand is that the possible factors that crumble investment is actually caused by poor investment planning so perhaps I will suggest that in other for you to last longer on your Bitcoin investment is never to invest all the money you have because if you do there is every possibility that you may not last long because there is no way you will not ran out of funds and you will be left with no option but to sell off the Bitcoin you already accumulated.

Since you are still new on investment I would advise you not to be too aggressive on investing on Bitcoin because if I understand you correctly it seem your strategy of investment is to invest all the money you have without a reserve funds and with the believe that sometime in the future you will have some money and then you will keep it as a reserve funds, actually that's a bad investment planning because if I may ask what are the chances that other serious need will not arise before the time you had in mind for the reserve funds? So actually the earlier you change your investment narrative the better for you, so perhaps instead of putting all the funds on the investment you could just cut it down by investing half of it using DCA method and keeping the other one as an emergency fund then if other funds comes up you could still cut it again and invest half because with this method your chances of tampering your investment because of other needs will be reduced.

[avp2306]

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

I don't think it's a problem for them to wait for the cheapest price to accumulate Bitcoin, they can wait for $30k, $35K or $38k as you mentioned. Yes, they can make purchase entries at that price without disrupting regular purchases with DCA. I often implement more aggressive purchasing planning at a cheaper price level with funds that I focus on purchasing at the lowest price but that will not disrupt my planning in DCA at all, meaning that DCA continues to run at every stage.

For this reason, it is important to have USDT in your wallet which can be prioritized for buying at unexpectedly low prices, for example making a purchase entry at $20k or $30k. Yes, even though it takes time and it is even difficult to happen at the moment, we don't know if the market situation could suddenly change strongly. However, for those who don't do it DCA or they just buy all at once with a cheap entry, it will certainly require patience to see the price at the level they are targeting. But generally they will miss many opportunities if they continue to delay their purchase. Doubts should not exist for someone who is a loyal holder, meaning they continue to buy with DCA and also buy at the lowest price with the reserve funds they have planned.

It matter on how they capable of and what price they like to enter since at the end of the day they are the one can decide regarding if they want to enter on certain level or not. We can also see the level of understanding what people show since it became obvious to us especially if they are showy on strategy show to us.

I also often became aggressive for acquiring especially right now that there are good drops happening since I always believe that there will be more for bitcoin this year especially ETF and halving is there so for sure we can get good profits by third quarter or fourth quarter of this year if there's good hype will be build up after that events to occur.

For this year I am more doing DCA and only spend a little bit for long term since current possible hype for this year is good for that strategy and for sure there's a lot of people will get rewarded just like other halving year where big pumps happens.

[Mayor of ogba]

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!

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

It is good idea  to have a longterm plan and not let small changes in the price affect your decisions. By doing this you can take advantage of the market and maybe get more Bitcoin. But it is important to know that it is hard to predict how long the price will stay low. It would be great if it stayed low for a week but the cryptocurrency market is always changing. It is good that you are optimistic and taking action to get more Bitcoin.

Here's the point, you want to take advantage of the DIP opportunity at $41K and then with the available capital then do it immediately don't let this price go high again before you buy DIP, it's discount time and won't be long.

But if you don't have money available for DIP then don't force it, let's continue DCA at any price as long as you are consistent all the time because the results will remain the same where you continue to fight for bitcoin with the first strategy, DCA.

So accumulate as many bitcoins as possible in any way and do not hamper you while you are still able to do it, if not your initial strategy will be better.

Initially, I was using only the DCA strategy in accumulating my Bitcoin, but since I started following this Buy the DIP and HODL, with the knowledge JayJuanGee has shared here, I have been able to adopt another strategy that allows me to buy the Bitcoin dip with the money I set aside to use in buying the Bitcoin dip and I also continue with my DCA strategy after I have bought the Bitcoin dip.

[Popkon6]

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!

Since I've been accumulating my Bitcoin for a long term, I'm not worried about the recent dip in Bitcoin price. I'm happy because I will seize this opportunity to continue accumulating more Bitcoin at a low price. I hope this dip will last for a week so that I can use the money I kept to buy Bitcoin when there is a dip to accumulate more Bitcoin.

It is good idea  to have a longterm plan and not let small changes in the price affect your decisions. By doing this you can take advantage of the market and maybe get more Bitcoin. But it is important to know that it is hard to predict how long the price will stay low. It would be great if it stayed low for a week but the cryptocurrency market is always changing. It is good that you are optimistic and taking action to get more Bitcoin.

Here's the point, you want to take advantage of the DIP opportunity at $41K and then with the available capital then do it immediately don't let this price go high again before you buy DIP, it's discount time and won't be long.

But if you don't have money available for DIP then don't force it, let's continue DCA at any price as long as you are consistent all the time because the results will remain the same where you continue to fight for bitcoin with the first strategy, DCA.

So accumulate as many bitcoins as possible in any way and do not hamper you while you are still able to do it, if not your initial strategy will be better.

Initially, I was using only the DCA strategy in accumulating my Bitcoin, but since I started following this Buy the DIP and HODL, with the knowledge JayJuanGee has shared here, I have been able to adopt another strategy that allows me to buy the Bitcoin dip with the money I set aside to use in buying the Bitcoin dip and I also continue with my DCA strategy after I have bought the Bitcoin dip.

If you buy a dip in the Bitcoin market you can basically buy once. But investing time should not be wasted hoping to buy this dip as we have started investing here with DCA method. From JJG discussion we learn about long term investment, so we will mainly invest regularly in DCA method. So if we invest for the long term as a simple solution then our next holding portfolio will turn out.

[Litzki1990]

If you buy a dip in the Bitcoin market you can basically buy once. But investing time should not be wasted hoping to buy this dip as we have started investing here with DCA method. From JJG discussion we learn about long term investment, so we will mainly invest regularly in DCA method. So if we invest for the long term as a simple solution then our next holding portfolio will turn out.

At the first stage of investment planning, a new investor only thinks that he has to invest in Bitcoin. Before investing in a new situation, he has no idea that he has to hold his investment for a long time, but after investing, he gradually learns more detailed information about the investment. Very few new investors know about DCA method of investing. An investor invested 100 dollars in the first stage and later he thought to invest in stages but many investors do not know that this staged investment is considered as DCA method.

Those who have enough money and who have prior experience in investing can invest large amount of money at once as well as they can invest continuously but for those who do not have additional financial support DCA method of investment is a very effective method.  

By the time we are discussing long-term investments, many investors may be selling their investments. For example, if I plan now that I will hold my investment for the next six years, then in 2030 it will be time to sell my investment. Similarly, those who held their investment for six years in 2018 will sell their investment in 2024.  

I also have a solution to the issue you mentioned about waiting. If the investor has enough money, he will keep some money aside for the period when the market will come down a lot, but he will invest the remaining money consistently. If the investor plans in this way then I believe he will be able to make use of the opportunities that come along with investing consistently.

We should plan and decide on investments in such a way that we can definitely hold the investment for a long time. Investments should be planned in such a way that they can be retained rather than planning with the possibility of retention. It can be seen that this week I invested an extra amount of money, next week my demand for some money fell and I sold the investment and managed it like this but the investment did not happen. Invest a relatively small amount but be sure to keep an eye on your investment so that you can hold on to it and not sell your investment due to any danger.