Buy the DIP, and HODL!

[Odohu]

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.

I'm happy to have passed this stage in my Bitcoin journey, at least I know what I am doing and what to look out for, I have develop a method of building my Bitcoin portfolio that helps me buy effortlessly without having to be confused. Those who are yet should do same, chose your method of buying and work with it to avoid distractions because building Bitcoin portfolio could turn emotional exercise if not followed with rules.

To be specific, I adopted the DCA method some time ago and I have been using same to build my portfolio. I'm happy with the result so far and I'm glad I was able to make the decision to use it. I could buy at the dip once in a while depending if I got excess of my projected income. When I do this, I buy when the market drops and become a little stable within a zone. I don't usually care if it goes further than that after all, the DCA method is in place to buy if it gets lower.

The early one develop a strategy in buying Bitcoin, the better because a strategy saves a lot of energies and time.

[I_Anime]

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.

I'm happy to have passed this stage in my Bitcoin journey, at least I know what I am doing and what to look out for, I have develop a method of building my Bitcoin portfolio that helps me buy effortlessly without having to be confused. Those who are yet should do same, chose your method of buying and work with it to avoid distractions because building Bitcoin portfolio could turn emotional exercise if not followed with rules.

To be specific, I adopted the DCA method some time ago and I have been using same to build my portfolio. I'm happy with the result so far and I'm glad I was able to make the decision to use it. I could buy at the dip once in a while depending if I got excess of my projected income. When I do this, I buy when the market drops and become a little stable within a zone. I don't usually care if it goes further than that after all, the DCA method is in place to buy if it gets lower.

The early one develop a strategy in buying Bitcoin, the better because a strategy saves a lot of energies and time.

you actually right, back then i focus on buying in dip most time end up missing out because all my target was when the price is low I will buy and sell when it's has risen to a certain profitable price but never do me any good because always miss out ever since I started using the DCA strategies I've seen my portfolio increasing even when sometimes market experience some corrections, I don't panic at all I just take as opportunity to buy more.

When practicing the DCA strategies the chances of you missing out pretty low

[Churchillvv]

[Edited out]

"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.

This is usually not a problem with buying the dips, from you perspective it seems difficult to dilute the whole concept but let's buttress; no matter the price fall of Bitcoin it's still an opportunity for you to accumulate more Bitcoin, If you bought the dips around 42k price and the continue falling to a 40k and then to 38k price it doesn't call for panic rather it's another opportunity to grab more bitcoin. instead of getting confused you should make use of all the dips whether a 40k dip or 38k dip you should buy more when it dips because sure the price will bounce back and when it does it now becomes a discount for you. instead of buying at a high price that's the essence of buying the dips. And this kind of issues are one of the major reasons why we are advised to aways be prepared for the two ways movement of the Bitcoin market, if it falls more because you're prepared you will seize the opportunity to buy more and when the price goes up you become more profitable.

From the concept of the thread which is buy the dip and hodl you should start understanding that the dips are not a problem rather an opportunity in the Bitcoin market.

[Hewlet]

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 get to a fixed price before buying is not a realistic method but the best thing to do is to set out the range of amount the price of bitcoin will fall to before you start buying and also set the range of amount the price of bitcoin will get to before you can sell off your holdings. Except you want to be a greedy investor if not, knowing the most convenient range of value I buy the DIP shouldn't be a big deal and should be a fix stuff because the volatile nature of BTC itself suggest that the price of BTC isn't stable and that while you are waiting for the price I go down to the threshold you've set for yourself, others are waiting for the bull run which will counter your plans of buying at the DIP.

[MusaPk]

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. 

The irony with Bitcoin is that we don't know when we are at the bottom or when we are at the peak. Take example of yesterday, Bitcoin went down to 40k and we have speculations that price may go down to 36k but very next day we have price up at 41.5k. The point is we have to create a strategy about when to buy or sell. Everyone of us have to create that strategy our self as there is no standard way defined about when to buy and sell. What suits you may or may suit me.
If I talk about myself, I prefer more buying on dips then when price is up and I follow DCA method to accumulate Bitcoins.

[adultcrypto]

you actually right, back then i focus on buying in dip most time end up missing out because all my target was when the price is low I will buy and sell when it's has risen to a certain profitable price but never do me any good because always miss out ever since I started using the DCA strategies I've seen my portfolio increasing even when sometimes market experience some corrections, I don't panic at all I just take as opportunity to buy more.

When practicing the DCA strategies the chances of you missing out pretty low

What you were doing was trading, buy low and sell high. Sometimes you will make money but most times you will lose. Buying the dips for short term trading is not much different from gambling, like you already said, you will surely miss out sometimes and the losses will never depart from you.

Buying the dip for long term investment is not a bad way of Bitcoin accumulation, it is definitely a nice way of getting decent amount of Bitcoin at discount price. The problem I only see in buying the dip is that it could be very tempting to sell when the price finally goes higher and seems to have stalled even if it is just for some moment. The investors might face the temptation of wanting to sell in order for the price not to dump and return to below the major entry points. It will really be painful for the investors to buy the supposed dips, see good profits and still allow the price to go back below the entry point, this might lead to some form of regrets.

When an investor is ready to overcome these thoughts and drive that is associated with buying the dips, then it could turn out to be a very good approach to Bitcoin investment.

[I_Anime]

you actually right, back then i focus on buying in dip most time end up missing out because all my target was when the price is low I will buy and sell when it's has risen to a certain profitable price but never do me any good because always miss out ever since I started using the DCA strategies I've seen my portfolio increasing even when sometimes market experience some corrections, I don't panic at all I just take as opportunity to buy more.

When practicing the DCA strategies the chances of you missing out pretty low

What you were doing was trading, buy low and sell high. Sometimes you will make money but most times you will lose. Buying the dips for short term trading is not much different from gambling, like you already said, you will surely miss out sometimes and the losses will never depart from you.

Buying the dip for long term investment is not a bad way of Bitcoin accumulation, it is definitely a nice way of getting decent amount of Bitcoin at discount price. The problem I only see in buying the dip is that it could be very tempting to sell when the price finally goes higher and seems to have stalled even if it is just for some moment. The investors might face the temptation of wanting to sell in order for the price not to dump and return to below the major entry points. It will really be painful for the investors to buy the supposed dips, see good profits and still allow the price to go back below the entry point, this might lead to some form of regrets.

When an investor is ready to overcome these thoughts and drive that is associated with buying the dips, then it could turn out to be a very good approach to Bitcoin investment.

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

[JayJuanGee]

[edited out]

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.

On the surface, that sounds dumb. It sounds as if you are gambling rather than investing.  It might work out, but on the face of it, such a plan sounds dumb.

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.

Ok.  If you have a cashflow, and you have income versus expenses, then you would have some kind of idea how much your expenses are and how much your income is, right?  If after you account for your expenses, then you invest 100% into bitcoin, then that sounds like it could be possible to do, but how does anyone know for sure what all of his expenses are going to be between the time that you get paid. You have to have some kind of a float.  Otherwise if you are paid weekly every friday, then you would spend it all as soon as you are paid and you would not have any money between saturday and the next friday when you get paid again.

I think ultimately you already have some kind of a reserve or a float, and you are merely arguing about how much of a float or a reserve to keep.

Even if we go with an attempt at a more charitable and non-gambling interpretation of your cashflow situation, there could be some logic to build your BTC prior to building your reserve, even though you would still be gambling, but let's say that you have get paid $250 every week and you have $200 for your expenses, and so you decide to invest all of the remaining $50 into bitcoin (so that would be 20% of your income.  so maybe to some extent you would be considering your BTC holdings as your emergency fund... and so maybe that is all fine and dandy, but after a year of investing $50 per week (20% of your income), you have invested $2,600 into bitcoin (which is like 10x of your weekly income), and if BTC is still your emergency fund, and you still have not built an emergency fun, you are just asking for trouble... and maybe you get lucky and maybe you don't but seems a bit short-sighted to handle your finances in that kind of a way.. since all of your efforts to invest could end up blowing up on you due to your own lack of prudent risk management.

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.

Good.. at least you are learning.  Usually it is best to have at least between 3-6 months of an emergency fund.. but of course, the greater the size of your BTC investment, the more likely that you would want to have a larger emergency fund to off-set any temptation to dip into your BTC investment... these kinds of risk management and cash versus investment balances are soley in the discretion of each of the investors.

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/

Well 4-5 months of investing is not very long, and maybe you might need to just figure out what the right balance is so that you keep buying, especially during dips, and maybe after 3-4 years of investing you might be able to trace back the power of your having had continued to invest through the earlier years, and maybe in 3-4 years we might be going through another bear market, so maybe you might need to consider a cycle and a half of ongoing investing. and then see where you are at in 6 years or so.

Yeah it can be tough in the beginning, but probably you have to find a comfortable size, whether that is $100 per week, $10 per week or some other amount that is comfortable for you, your wife and your situation.

Regarding withdrawing every week, given the various recent fee spikes and the signal that we might have future fee problems, I personally don't consider that to be necessary or prudent to withdraw to a private wallet every week, unless your withdrawal amounts are at least $500 to $1k, and so personally I think that it is better to allow your UTXOs to at least reach a certain level prior to withdrawal.. and that is not merely about current fees, but it is also about future possible fee issues that could come about..

[edited out]

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.

You could set up your buy the dip structure to have a lot of legs in the buying down, and surely it could take some time to build up those legs, especially if you were new to investing.

Let's say, for example, that you have been investing into bitcoin for a year and a half, and so your investment budget is $100 per week, and you had been buying half right away $50 and the other $50 you were saving for buying on dips.  So if the BTC price stays flat or it does not correct more than 8%, then you are not buying any extra BTC, but if there is an 8% or more correction, then you begin to buy additional $50 at 8%, 10%, 12%, 14%, 16%, etc etc etc... and sometimes you end up using some of your reserve funds and sometimes your reserve funds just continues to build up, so maybe between mid-October and mid-January, you had only a few occasions in which your buy on the dip funds were triggered, so you mostly had been building up your buying on the dip funds during that time.  so maybe recently, our dip got between 18% and 20%, so you might have had several buy on the dip orders execute, and maybe if the BTC price stays in high dip areas, your regular DCA might end up increasing to higher amounts than $50 per week because we are already in dip territory, and so you can structure those buying on the dips however you like in terms of how large are the buys, how many buys and what amount of price increments you want to have between your buy on the dip triggered price point.

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.  

Guys can also come to an investment such as BTC and consider that they are going to invest for 6 years, and then they will consider selling at around that time. 

They may or may not end up selling merely because they reached 6 years, because they could reassess the situation and figure out a better plan.  But you are correct, there could be a specific reason why they might choose to get in and out of BTC, which may or may not be a good idea if they  are still planning to live for a while and have needs for investments such as bitcoin that could serve as a hedge in regards to their other investments.

The person who invested into bitcoin for 6 years might even decide to consider beginning some kind of sustainable withdrawal rather than withdrawing immediately, as I describe in my sustainable withdrawal thread.   

[Fara Chan]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

[JayJuanGee]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading. 

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

[Mahanton]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading. 

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

The only issue on here is that you would really be needing to risks more and we know that not all could be able to bare up such risks and this is why they woudl really be that deciding on holding their positions instead
rather than on hassling  themselves on going into those trading platforms and spending their times on making those buy and sells.This do really actually depends on someones preference and risks appetite
on which we know that each person would really be having on different approach towards this risky and unpredictable market.

The reality, for those people who do plan to risks are the ones who do have the opportunity to make money more specially on short time
but its not really that necessary for you to dive in with this kind of path to take if you arent that even confident on what you are doing.

[I_Anime]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading.  

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

The only issue on here is that you would really be needing to risks more and we know that not all could be able to bare up such risks and this is why they woudl really be that deciding on holding their positions instead
rather than on hassling  themselves on going into those trading platforms and spending their times on making those buy and sells.This do really actually depends on someones preference and risks appetite
on which we know that each person would really be having on different approach towards this risky and unpredictable market.

The reality, for those people who do plan to risks are the ones who do have the opportunity to make money more specially on short time
but its not really that necessary for you to dive in with this kind of path to take if you arent that even confident on what you are doing.

trading is actually good when it comes to making short term profiting, but not everyone can just dive into trading just like that without any proper proper researching or risk management. You need time to learn more about trading before diving into it, while holding on the other hand don't actually require such skills or time. You just need to make research on the right coin to hold but bitcoin as made that easy because is the best coin, especially when it's comes to holding (long-term investment) is not as risky as other coins. I do trade but still prefer holding.

[ginsan]

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Buy and hold it will make you have greater success in the future or the next 10 years. Long-term investments are more popular with those who really focus on their life savings for old age. Before Bitcoin, people used to invest for their old age by buying gold, but for the current era which has developed or rather the modern era, of course they will  focus more on their investment in Bitcoin. Surveys even show that the percentage of people aged 40 and over are starting to show their interest in making Bitcoin an investment for their old age and you can read that in this article https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/

In my opinion, long-term investment in bitcoin can yield greater ROI than those who trade daily. For this reason, our mission is long term and every month we set aside our income to buy Bitcoin. Bitcoin has a limited supply so it is not surprising that currently large companies are starting to buy more BTC for them to store. So we don't back down to them, that is, we stick to our position of buying Bitcoin and holding it for the long term.

[Troytech]

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.

I really don't think that anyone would just buy an asset without having a plan or purpose of buying either short term or long term. And if eventually such a person exits, I think he is rather undecided about what he is doing or just heard about bitcoin and decided to also invest. But his learning process would be highly hindered since he didn't have any purpose for investing, he might spend his first few months if not more just buying bitcoin recklessly and if eventually situations favours him, he would sell and claim profit and if doesn't he would end up beign a new person that would talk bad about bitcoin. From what I know long term holders become long term holders based on orientation and mindset and this depends on their view of bitcoin as an asset or as a scheme to just make some extra cash

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.

Without proper plan and strategy it's true you can end up dipping your hands in your investment, but other reasons can cause this too, given a case that an emergency occurs and you don't have sufficient funds to cater for it, you might end up dipping your hand in your investment, so proper plan along side safety precautions like saving up an emergency funds that you feel would be enough for you and also planning out your cashflow properly could help too. So it doesn't matter how much your investing into bitcoin but how comfortable you are with how much your putting in. It's a good psychology not to be too aggressive if you haven't planned things out well

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

I mostly think many persons are ill advice or have a poor vision of bitcoins potential as an asset and are there just to take advantage of its volatile nature to make huge profits, while this may have its benefits to the trader, it also carries equal risk and I've seen many on the other side of the coin. If most traders calculate how much has been lost and how many opportunities they have missed in buying bitcoin that would never return to them cause bitcoin price is bound to increase and its most beneficial for long term holders than short term investors, even if many have good results from trading, I don't think those results would in any way match up to a long term holders comfort and reward that might not come quick but would happen on the long run.

[JayJuanGee]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading. 

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

I believe it is a wrong mindset to think about selling bitcoin or trading bitcoin because it is more profitable, especially for guys in the earliest of BTC accumulation stages, and I think since our emphasis in this thread is to buy and hold and does not involve selling, so therefore, the idea is accumulation of BTC rather than trying to second guess anything in regards to BTC profitability that might come from any conduct that is other than buying and accumulating BTC. 

It is difficult to know on any kind of personal level how much BTC that a guy might need to accumulate in order to start to become over allocated, yet if any of us is thinking int the long term, it surely seems that the earliest stages of BTC accumulation would be to strive to get a BTC portfolio that is at least 1 years worth of salary, and that could take 10 years if the guy is merely investing 10% per year of his salary, and yeah, BTC prices could also appreciate to such an extent that an investment of 1 years worth of salary into bitcoin could end up appreciating greater than other assets, yet I still find it problematic to conclude that the guy should consider himself out of BTC accumulation stages and into maintenance or some other stages based on those kinds of facts...

Once you get into maintenance, there can be ways to sell BTC on the way up, but that is presuming that you are somehow over accumulated so you would not be accumulating, so what is the situation?  are there other investments besides bitcoin and cash, and then at that point there might need to be assessment about what those are because it would seem kind of silly to be selling BTC on the way up, while realizing that you don't have enough and the BTC price keeps going up and then you have just moved yourself into a waiting rather than a buying mindset because who wants to be buying at higher prices than the sold, so why sell in the first place, if you are not quite to  the point of really being able to justify that you had over accumulated.. but again what are the facts getting us there.

It seems to me that you Mahanton are off topic because you are suggesting that guys should sell in order to accumulate more and that seems to be your sense of greater profits by trading rather than just holding, so even if there are ways to do it, you still seem to be off topic by trying to push the conversation in that direction... or to make those kinds of suggestions without further developed facts to justify what you are asserting.

The only issue on here is that you would really be needing to risks more and we know that not all could be able to bare up such risks and this is why they woudl really be that deciding on holding their positions instead
rather than on hassling  themselves on going into those trading platforms and spending their times on making those buy and sells.This do really actually depends on someones preference and risks appetite
on which we know that each person would really be having on different approach towards this risky and unpredictable market.

That does not really justify what you are saying.  I mean if you are in this thread and you are trying to stay on topic then maybe you might suggest to limit the risk by suggesting that if guys cannot resist gambling (or trading), then they should make sure that they don't gamble with any more than 10% of their BTC holdings, and if they fuck around and lose that 10% they should have strict enough rules so that they do not come back to their bitcoin holdings and take another 10% for their gambling addiction.. so if they lose the 10% and they are investing $100 per week into bitcoin, then maybe they can ONLY stack away $10 per week to gamble with and the other 90% should be going into bitcoin rather than taking extra chances with an asset that is already risky.. and even if they do that, then they still should be paying attention if they are really benefitting from the time and efforts that they are putting into gambling/trading when presumptively and accordance with the theme of this thread, their main goal is BTC accumulation. 

.
The reality, for those people who do plan to risks are the ones who do have the opportunity to make money more specially on short time
but its not really that necessary for you to dive in with this kind of path to take if you arent that even confident on what you are doing.

Well if you use less than 10% and you are trying to learn with that, then maybe at some point you could be able to develop those kinds of skills, but none of us should take for granted that anyone is likely to do any better to be trading rather than focusing on other ways to increase their abilities to accumulate BTC by working or maybe by earning more income and cutting expenses...

I will grant that there could be some guys who might not be very employable based on geography, skill set, age, health, family responsibilities or some other limitations, so they may well be in a position that they are able to spend time learning to trade, so I won't take away from that possibility, but that still is a topic of another thread, and surely some specialized skills to play those kinds of games with potentially one of the best (if not the best) asset available.. and sure if they end up getting into shitcoins, that could be very time consuming, but there could be ways to trade shitcoins without necessarily getting to much sucked into unethical behaviors.... and so there can be a lot of curiousities in the world in the various ways that various shitcoins affect the world. but again sometimes there is going to be a lot having to get into really dumb stuff and spend your brain power on some of the deceptions and fake outs and to play some of the various dumb and misleading talking points without necessarily believing all the bullshit that you will get drug through, so hopefully there would be limits in how much to expose yourself to that, and to recognize the value of bitcoin.. yet part of the temptation for anyone who gets sucked into dumb shitcoin talking points will sometimes also having some feelings about needs to deploy more capital than their 10% limitation in order to really make it BIG with whatever their shitcoin play might be (whether they have good information or not might not always be clear or worth it to explore into it or spend so much time on those kinds of deliberations and investigations).

In my opinion, long-term investment in bitcoin can yield greater ROI than those who trade daily. For this reason, our mission is long term and every month we set aside our income to buy Bitcoin. Bitcoin has a limited supply so it is not surprising that currently large companies are starting to buy more BTC for them to store. So we don't back down to them, that is, we stick to our position of buying Bitcoin and holding it for the long term.

Frequently the reason why I (and maybe some other members will do it to) will show a longer term DCA approach, so if a guy comes in here bragging about how great trading is or some other waiting around strategy is blah blah blah... then we can ask him to compare his own performance to a strict DCA approach, especially if he has been in bitcoin for 6 or more years... the longer that he has been in, the less likely that he is going to be able to say that he has beaten a relatively strict and/or aggressive DCA approach... sure it is possible, but it can take a lot of time to employ various other strategies, including the waiting around strategy.. when it frequently is better to just get the fuck started, buy regularly and then maybe reassess your income versus expenses and maybe the amount of your holdings and your various funds (emergency and reserve funds) from time to time to figure out if you might need to do some tweaking, such as figuring out ways to make more money or to cut some expenses, and maybe figuring out ways to secure your coins, too.

[adultcrypto]

Frequently the reason why I (and maybe some other members will do it to) will show a longer term DCA approach, so if a guy comes in here bragging about how great trading is or some other waiting around strategy is blah blah blah... then we can ask him to compare his own performance to a strict DCA approach, especially if he has been in bitcoin for 6 or more years... the longer that he has been in, the less likely that he is going to be able to say that he has beaten a relatively strict and/or aggressive DCA approach... sure it is possible, but it can take a lot of time to employ various other strategies, including the waiting around strategy.. when it frequently is better to just get the fuck started, buy regularly and then maybe reassess your income versus expenses and maybe the amount of your holdings and your various funds (emergency and reserve funds) from time to time to figure out if you might need to do some tweaking, such as figuring out ways to make more money or to cut some expenses, and maybe figuring out ways to secure your coins, too.

I have been opportune to see few of those we can say they succeeded in trading and there are few things I observed about them that really got me worried. Although they made so much money and can actually show some great cash volumes that passed through their account, a lot of them are not conservative, they use this money lavishly and sometimes in a reckless manner. Beside that, they are so noisy and boastful. I don't know if this habit is common for all others, I'm just talking about the few that I know.

What I do know is that although those trading may see big wins and may appear rich sometimes, those investing and holding for long becomes richer on the long run, save for the future, enjoy peace of mind and have little to no chance of becoming broke. Unlike the trader than simple mistakes can lead to serious loss.

Having examine both options, I tend to love long term investment and will not try or advice anyone to focus on trading as that is exclusively reserved for those who have the skill set and the mind to handle the ups and downs that comes with trading.

[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.

I'm happy to have passed this stage in my Bitcoin journey, at least I know what I am doing and what to look out for, I have develop a method of building my Bitcoin portfolio that helps me buy effortlessly without having to be confused. Those who are yet should do same, chose your method of buying and work with it to avoid distractions because building Bitcoin portfolio could turn emotional exercise if not followed with rules.

To be specific, I adopted the DCA method some time ago and I have been using same to build my portfolio. I'm happy with the result so far and I'm glad I was able to make the decision to use it. I could buy at the dip once in a while depending if I got excess of my projected income. When I do this, I buy when the market drops and become a little stable within a zone. I don't usually care if it goes further than that after all, the DCA method is in place to buy if it gets lower.

The early one develop a strategy in buying Bitcoin, the better because a strategy saves a lot of energies and time.

Holding Bitcoin for long term rather than Short term trading reduces the risk of lossing value to Short term Price fluctuations while still having the opportunity to benefit from Long term price appreciation, Bitcoin has not had a crash since creation (2009) I want to be part of the change Bitcoin is bringing to the world as I continue to accumulate through the DCA strategy I learnt in this forum and having my emergency fund set aside specifically to overcome the thought of selling in time of unforseen contingencies that may arise in the process of accumulation.

[Salahmu]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading. 

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

I believe it is a wrong mindset to think about selling bitcoin or trading bitcoin because it is more profitable, especially for guys in the earliest of BTC accumulation stages, and I think since our emphasis in this thread is to buy and hold and does not involve selling, so therefore, the idea is accumulation of BTC rather than trying to second guess anything in regards to BTC profitability that might come from any conduct that is other than buying and accumulating BTC. 

Yeah that's true because I notice that one of the challenges most starters normally have on there investment journey is always looking for a possible ways to make profits so perhaps just like you have advise every investors especially the starters should totally remove there mindset of any possible way they feel they can take advantage of the market because they may likely end up regretting there decision.

Actually one of things that affect most investors is greed of always wanting to use one stone to kill two birds without knowing that they could end up not getting anyone at all, however there was this new beginner who started accumulating Bitcoin so when saw someone who sold his Bitcoin and bought again he feels that he could actually do the same without realizing that is gonna be his greatest mistake so after he sold his Bitcoin he never had the chance again to Buy it back. So the best way is to remove any negative mindset that will influence them to act that way.

[Troytech]

Frequently the reason why I (and maybe some other members will do it to) will show a longer term DCA approach, so if a guy comes in here bragging about how great trading is or some other waiting around strategy is blah blah blah... then we can ask him to compare his own performance to a strict DCA approach, especially if he has been in bitcoin for 6 or more years... the longer that he has been in, the less likely that he is going to be able to say that he has beaten a relatively strict and/or aggressive DCA approach... sure it is possible, but it can take a lot of time to employ various other strategies, including the waiting around strategy.. when it frequently is better to just get the fuck started, buy regularly and then maybe reassess your income versus expenses and maybe the amount of your holdings and your various funds (emergency and reserve funds) from time to time to figure out if you might need to do some tweaking, such as figuring out ways to make more money or to cut some expenses, and maybe figuring out ways to secure your coins, too.

Very interesting, with DCA I actually have an edge over traders, since traders are actually buying and selling bitcoin in short term to make profit, as a long term investor I would have a chance to build a more substantial bitcoin holdings over the long run than to be making profits and having no bitcoin at last, from every angle ive looked at it, long term holders are at much better advantage than traders. No matter how profitable trading is, DCA method beats it. Cause at every interval I'm investing in bitcoin, I'm already a step ahead in building a more substantial value than there are. I'm looking more at the compounding effects my bitcoin holdings would give me and the profits are much larger depending on how long I plan on holding my bitcoin.

[I_Anime]

That where those days I was new to this crypto space, didn't have much knowledge on how things work back then all I thought was that one's it's low you buy and sell when it's high unknowingly to me was just spot trading. It's actually course me alot of losses.
Have to take my time to understand how things work In this space and this forum had also help with that. Now I'm now using DCA strategies and I'm now the long-term investment type

Long-term investment has always been more profitable than spot trading, because the two are very different jobs so the level of profit is never the same. Everyone can see that investors who invest in the long term always buy more often than sell, while traders who rely on spot always balance between buying and selling because they don't plan for the long term like investors have done so far. Currently, I am still quite happy using the DCA strategy if I want to buy something on the market because it is a strategy that has been very commonly used by many investors for a long time.

Even though long-term investing is likely to be more profitable for more than 90% of normal people, there are people who are able to make more by trading.  

There are a lot of hurdles, and surely one of the problems is to be in and out of an investment, especially something like bitcoin, and if you are out at the wrong time, it could end up wiping out all of your profits, even if you might still be profitable in dollars, you might end up missing out on a step up that never comes back down (so you lose compounding effects).

Of course, we are not talking about trading in this thread, but it is not always going to earn less, but it seems to be quite problematic to even be attempting to trade something like bitcoin which is amongst the best of investments available (if not the best), and then some guys are dicking around trying to trade it, like they are playing with dynamite, and sure it might end up working out, but does not seem to be the kind of asset that a guy should be playing with.

One of the reasons on why i have decided to make some active trades on which this is far more profitable than on just simply holding. Its impossible that you wont really be able to see and realize that stuff.

I believe it is a wrong mindset to think about selling bitcoin or trading bitcoin because it is more profitable, especially for guys in the earliest of BTC accumulation stages, and I think since our emphasis in this thread is to buy and hold and does not involve selling, so therefore, the idea is accumulation of BTC rather than trying to second guess anything in regards to BTC profitability that might come from any conduct that is other than buying and accumulating BTC.  

Yeah that's true because I notice that one of the challenges most starters normally have on there investment journey is always looking for a possible ways to make profits so perhaps just like you have advise every investors especially the starters should totally remove there mindset of any possible way they feel they can take advantage of the market because they may likely end up regretting there decision.

Actually one of things that affect most investors is greed of always wanting to use one stone to kill two birds without knowing that they could end up not getting anyone at all, however there was this new beginner who started accumulating Bitcoin so when saw someone who sold his Bitcoin and bought again he feels that he could actually do the same without realizing that is gonna be his greatest mistake so after he sold his Bitcoin he never had the chance again to Buy it back. So the best way is to remove any negative mindset that will influence them to act that way.

you are absolutely right as starter or newbie having such mindset always endangered your funds. Like those days was actually trading ignorantly those losses I made just imagine using those funds I wasted back then in trading. I actually use to money to accumulate bitcoin at that time bitcoin price was still in the price range of $15k. Now I would have being in great profit but instead greed and ignorance get the best of me thinking trading was a get rich quick scheme.

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.

JJG have help in proven that long-term investment is the best. Mostly when you backing it up with some DCA strategies. That would also help in managing risk expecially when yah investment is bitcoin, because any time its experience any bearish corrections it will surely rise back. I would love to ask this.  what do you think would be the  best duration in holding?🙂