Buy the DIP, and HODL!

[ginsan]

Not everyone who is accumulating bitcoin is living a comfortable life, but since they know how important it is to have bitcoin, they have adopted a strategy that will make them spend less of their money so that they can accumulate bitcoin. Anyone who is using 80% of his salary to feed will find it difficult to be consistent in accumulating bitcoin because he or she does not have enough money to take care of his financial challenges. And that person will easily sell his or her bitcoin quickly because he or she does not have enough money to keep an emergency fund that will take care of unexpected financial problems

Essence of the point you are making doesn't seem to be there, I mean why should we measure other people's lives. Everyone has their own views on how they invest, especially for those who have known Bitcoin for a long time so they will be very comfortable continuing to hold Bitcoin in the long term. For those of us who may be a little late, of course we have to remain focused on the Bitcoin investments we have made and the approach we take is not the same even if they move with a DCA strategy or with instant purchases. But if they don't succeed in holding it in the long term, of course it won't be an achievement for them to achieve success with a large ROI.

Indeed, in terms of investment patterns, of course there are many options that we have discussed many times, but I still always remind you that if you are a beginner, start with a smaller amount and start your approach while learning about Bitcoin. Buy regularly to add to your motivation to continue accumulating Bitcoin throughout this year. Many think they are slow but this is not a reason to continue learning about Bitcoin while buying Bitcoin with DCA.

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[Fara Chan]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

[Odohu]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

I agree with you completely. The moment a target selling price is set, then it becomes trading because by that singular decision,  the investors is more focused on achieving that price target and not necessarily building a large Bitcoin reserve.

He will not hesitate to sell if that price is even achieve in a month from the point of investment. We cannot call this long term investment if it happens that he sold shortly after buying because he achieved the target selling price.

One thing is certain, anyone who is accumulating Bitcoin with the intention of selling at a price set from the beginning will surely get agitated when the price is not forthcoming. There will surely be a time he will become tired of waiting if the price refused to get to his target.

Therefore, instead of having a selling price in mind while buying Bitcoin,  it is better the focus be shifted to buying as much as is possibly convenient and holding on to it, making the buying process a continuous one to such a time one is comfortable to begin to liquidate in parts and gradually and not pulling out all the funds at once. I feel that this method us better for investors as it eliminates worries, anxiety and also the chances of running out of Bitcoin completely when the price continues to go higher.

[Tmoonz]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

I agree with you completely. Many the moment a target selling price is set, then it becomes trading because by that singular decision,  the investors is more focused on achieving that price target and not necessarily building a large Bitcoin reserve.

He will not hesitate to sell if that price is even achieve in a month from the point of investment. We can call this long term investment if it happens that he sold shortly after buying because he achieved the target selling price.

One thing is certain, anyone who is accumulating Bitcoin with the intention of selling at a price set from the beginning will surely get agitated when the price is not forth coming. There will surely be a time he will become tired of waiting if the price refused to get to his target.

Therefore, instead of having a selling price in mind while buying Bitcoin,  it is better the focus be shifted to buying as much as is possibly convenient and holding on to it, making the buying process a continuous one to such a time one is comfortable to begin to liquidate in parts and gradually and not pulling out all the funds at once. I feel that this method us better for investors as it eliminates worries, anxiety and also the chances of running out of Bitcoin completely when the price continues to go higher.

Determining your investment horizon is essential as it aligns with your investment strategy and goals. Short-term traders aim to capitalise on short-term price movements. At the same time, long-term investors often have a more patient approach, looking to benefit from the potential growth of Bitcoin over a more extended period.

However, attempting to time the market ideally can be challenging, market conditions can change rapidly and accurately predicting market movement can as well be difficult.
It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

[Tmoonz]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

How can you that to start a debate. Obviously, and logically, if the person is under-employed then his/her problem is not if/when/how to buy Bitcoin, but where and how to find his/her next job. Plus such a person would develop mental insanity with Bitcoin's volatility if all of his/her rent and shopping money is held Bitcoin. That person will be forced to sell.

By under-employment I mean people whose salary is just enough for their basic needs and little savings but not enough to afford privileges like vacation, luxuries, even buying a house as they can only rent. Such people spend as much as 80% of their income on food, rent, school fees of children and normal healthcare but not serious surgeries. People at that stage easily resort to borrowing when they have serious emergencies which do not come always though. Unfortunately, majority of workers in my country fall into this category. Minimum wage in my country is about $30 with inflation at 29%, a country of 200 million people that have over 83 million people living below $2.5 per day. So my use of that word is a reflection of the realities on ground here.

Not everyone who is accumulating bitcoin is living a comfortable life, but since they know how important it is to have bitcoin, they have adopted a strategy that will make them spend less of their money so that they can accumulate bitcoin. Anyone who is using 80% of his salary to feed will find it difficult to be consistent in accumulating bitcoin because he or she does not have enough money to take care of his financial challenges. And that person will easily sell his or her bitcoin quickly because he or she does not have enough money to keep an emergency fund that will take care of unexpected financial problems

As a general guideline, invest only funds you are willing and able to lose without experiencing significant financial hardship. This percentage will vary for each individual, as everyone's financial situation is unique. Some individuals may be comfortable allocating more funds to Bitcoin, while others may choose a smaller percentage.

By investing what you can afford to lose, you mitigate the risk of financial strain or negative consequences if the value of your Bitcoin investment declines. Prioritise essential expenses such as housing, food, utilities, healthcare, and debt repayment before considering any investments, including Bitcoin. Establishing a solid financial foundation with sufficient emergency savings and a budget that covers necessary living expenses is essential.

[Troytech]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

Edited out.
~Snip

Because sometimes the remaining 70% of the salary/money earned is sometimes not enough for one month's needs. Especially for an ordinary worker or employee. So if that's the case, I think a better solution is to invest Bitcoin at the end of the month. So what I mean is, for example, in month 1 you receive a salary from the company where you work. So, don't invest that money directly into Bitcoin (30%). But first use the money (100%) for your needs for a month. Then, if at the end of the month you still have money left over after that month's needs are met and the next day you will be paid again in the second month by the company where you work, then you can invest the remaining money in Bitcoin. So by using this technique I am sure it will be better and safer. Because the point is, when you invest, all your needs are met and the next day you will receive another salary. So that invested money is good cold money to invest in Bitcoin.

In the case of such person as he explained where salary is low, I don't think that even using 100% of salary to cater for the first months need would help, cause at the end of the day the next month would come with equal problems or even lesser or more still, and he would end up using the next months income to still cater for his needs, or a little would be left and he would invest that one for the next month as you said.

But what about the upper month, and the next and till he continues to be in that state of low income, I think this would really affect him cause his investment would be mostly inconsistent and he might not even be able to succeed as an investor cause emergency might also occur and he would have to cater for those too, and if this inconsistency continuities it might also lead to him starting to procastinate and giving excuses which could cripple his determination and goal, what I think is best for such individual if they must invest is to remove an allocation of 10% to build up for emergency first or divide that 10% for both DCA and emergency funds, so at least they have started and they would now see the need for a salary raise to boost their investment and manage the rest 90% for needs and expenses,  such person must also have a high discipline more than another investor starting with higher capital and comfort  to manage his cashflow and chunk some unnecessary expense out to help himself.

Cause I think so far in this thread we have come to agree that cashflow would also play an important role in one's plan to accumulate bitcoin, either a person of this level would be okay to do poorly untill he can grow his income or should not bother investing, cause he would always be at a state of emergency.

 While I'm not saying a person with low income cannot invest, I'm just establishing the fact that it would be too difficult for him to endure cause his progress would be slow, and his holdings would always be at risk to poor emergency funds and low cashflow, which are two major important factors we need to accumulate bitcoin successfully.

Agreed, Accumulating Bitcoins even on a low income can be relatively easy if the investor understands that. Although this is a simple matter, many investors find it difficult. I would say that if one invests his little money in Bitcoin apart from his monthly or weekly expenses and keeps it going for long term then it will make a big portfolio in next 2-3 years.

Yeah it might be easy to say but not in actual reality, the monthly income budget we are talking about here is 30$ which is relatively low considering the cost of living , so I won't like to call I easy for many reasons, one being that this person has no comfort at all if we are to add that he might me living independent and taking acre of himself, okay let's assume he uses 15$ for feeding and 5$ for all his transportation, then he pays bills for another 5$, all he has left as extra cash would be 5$ to save and to cater for any emergency, then what goes to bitcoin.

The only way for this to happen successful is to suffer one side of the expense to fill in for bitcoin which could affect him also if emergency occurs, let's imagine that all his emergency would be at his level, meaning his highest emergency could be at 5$, so u think his first best move is to build up emergency funds or if he must invest invest little In DCA and use a higher allocation to build up emergency and he must go for a higher income if he really plans on achieving much bitcoin.

Many save with fiat currency. There an investor is losing their money due to inflation after keeping their money for a long time. But if he had kept that money in Bitcoin, he would have retained the value of his real money and his returns would have increased.

Yeah saving money in fait is a bad idea 💡, and is not reliable cause fait doesn't hold value much, its a leaking bucket, but in this guys case, his problem isn't store of value, its investing and only an income raise can really save him. I consider his state of living an emergency itself.

Essence of the point you are making doesn't seem to be there, I mean why should we measure other people's lives. Everyone has their own views on how they invest, especially for those who have known Bitcoin for a long time so they will be very comfortable continuing to hold Bitcoin in the long term. For those of us who may be a little late, of course we have to remain focused on the Bitcoin investments we have made and the approach we take is not the same even if they move with a DCA strategy or with instant purchases. But if they don't succeed in holding it in the long term, of course it won't be an achievement for them to achieve success with a large ROI.

Indeed, in terms of investment patterns, of course there are many options that we have discussed many times, but I still always remind you that if you are a beginner, start with a smaller amount and start your approach while learning about Bitcoin. Buy regularly to add to your motivation to continue accumulating Bitcoin throughout this year. Many think they are slow but this is not a reason to continue learning about Bitcoin while buying Bitcoin with DCA.

Yeah I do agree with you, cause at the end of the day it all boils down to our investment approach and knowledge we have, even low earner can succeed as long as he knows how to go about it. DCA has continued to be the best option for beginners cause it does not only offer safety and comfort but it also gives users a chance to get acquitted to bitcoin and an opportunity to learn more. In fact its the only totally flexible pattern I know for now cause everything is subject to change, you can decide to be aggressive or even Conservative based on what and how you feel about the Market, you can easily see opportunities and take advantage of them. So far with DCA it's been a very good experience, I must say.

[Cryptoprincess101]

It depends on individuals, If someone invest 30% of his salary on bitcoin, I think no matter the emergency involved the remaining 70% will be enough for any situation that may arise

What if the person is underemployed? You started your statement well that it depends on individual and by that individual I want to believe you are referring to individual needs, his income and other factors such as his confidence in Bitcoin. We must acknowledge the peculiarity of wealth distribution, which have some people living in surplus and others barely able to feed. So their investment decision will be determined by their circumstances. The percentage should not be a factor here before some persons will draw conclusion that a particular percentage is what should be invested in Bitcoin. It depends entirely on the situation of the individual.

~Snip

Personally, I think investing in bitcoin may not be as complicated as you think. Carrying out financial percentages is very necessary when investing in bitcoin. But don't forget, we may have experienced it, sometimes emergencies can come at any time and anywhere. As a result, the percentages sometimes change due to emergencies. Therefore, in my opinion, dedicating 30% of one's money to Bitcoin cannot be considered a fixed percentage. Because sometimes the remaining 70% of the salary/money earned is sometimes not enough for one month's needs. Especially for an ordinary worker or employee. So if that's the case, I think a better solution is to invest Bitcoin at the end of the month. So what I mean is, for example, in month 1 you receive a salary from the company where you work. So, don't invest that money directly into Bitcoin (30%). But first use the money (100%) for your needs for a month. Then, if at the end of the month you still have money left over after that month's needs are met and the next day you will be paid again in the second month by the company where you work, then you can invest the remaining money in Bitcoin. So by using this technique I am sure it will be better and safer. Because the point is, when you invest, all your needs are met and the next day you will receive another salary. So that invested money is good cold money to invest in Bitcoin.

You are right to some extent but what you've just explained here is an irregular investment since you ain't too sure if the percentage you scrap out for handling other needs would be enough before you receive your next income, that's why it is advisable for an investor not to have one source of income so that you can make the whole analysis with your first income then a situation where by you may not be able to meet up your DCA due to some uncertainty then you can as well swap to your other income and continue your DCA .

This is the more reason why one needs thorough reasoning when trying to invest through DCA and most importantly having alternative source of income can actually help not to miss out the DCA because whatever that causes you not to meet up your DCA believe me your interest to continue would start diminishing and possibly push you to tamper with your holdings because it will actually look like a stress to you in the sense that it would look as if continuing your DCA would deprive you of some certain things though definitely anyone using DCA should just be prepared and be more disciplined about it if not there are times you would actually feel like not continuing due to one challenge or the other that's why an investor doesn't need emotions at all rather you go all hard in other to achieve your target(s)

[Patrol69]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

When an investor invests in a long-term plan or thinking of investing, he will not worry much about the market. It will not matter to him how cheaply he can invest. The most important thing for an investor then is to implement a plan to hold his investment for a long time. There is definitely risk involved in investing but the investor decides to invest only when he is fully prepared to accept the risk. The investor must accept that he is investing and after investing he will not only continue to earn profits but he must also accept the fact that the market may go down after his investment resulting in loss of his investment. If the plan is long-term then the investor should use that opportunity when the market goes down. That is, if the market goes down after the investor invests, the investor has to invest even in that situation. As a result of investing in two situations, there will be a compromise in the price. As a result, if the market increases slightly after investing in the second stage, the investor will recover the temporary loss. An investor must pay attention to his investment retention in order to maintain his investment in depth. 

So that temporary dumping does not have any adverse effect on the investor's investment, the investor should refrain from monitoring the market frequently so that his attention is diverted and he can hold the investment for a long time.

Indeed, in terms of investment patterns, of course there are many options that we have discussed many times, but I still always remind you that if you are a beginner, start with a smaller amount and start your approach while learning about Bitcoin. Buy regularly to add to your motivation to continue accumulating Bitcoin throughout this year. Many think they are slow but this is not a reason to continue learning about Bitcoin while buying Bitcoin with DCA.

A new investor who is going to invest for the first time but already has an understanding of long-term investment, if he invests relatively large amount of money, I do not see any problem. An investor who is the first to invest but does not want to invest without knowing a single bit of information about the investment. Maybe through this forum or some other medium he must have some knowledge about investment and based on that knowledge he is interested in investing. 

Everyone has their own investment strategy, in the beginning if an investor can start investing with enough money as he can afford and gradually increase his knowledge about investment, but investing more money in the beginning is not a bad decision for him. A new investor can start investing with the initial amount of money he has and after starting, he can think about how to increase his investment along with long-term planning of his investment. 

A new investor must be aware of the DCA method if he has decided to invest and if he is aware of the DCA method then he must later adopt the DCA strategy in increasing his investment.

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Determining your investment horizon is essential as it aligns with your investment strategy and goals. Short-term traders aim to capitalise on short-term price movements. At the same time, long-term investors often have a more patient approach, looking to benefit from the potential growth of Bitcoin over a more extended period.

Traders have small targets and are always satisfied with small profits. Traders who intend to sell their coins for a small amount of profit do not need to be very patient, but an investor who invests in a long-term plan must have high expectations and from that high expectation, he will try to be patient enough. A long-term investor has enough patience as well as enough faith in his investment and no matter how much the market is dumping he has faith that the market will return to normal again. A long-term investor has enough patience and has enough faith in his investment and has enough courage to go ahead with his investment is the characteristic of a long-term investor.

However, attempting to time the market ideally can be challenging, market conditions can change rapidly and accurately predicting market movement can as well be difficult.
It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

Markets are changing and will continue to change all the time. If you do enough research on the market, you can predict the next movement in the market, but you cannot say for sure which direction the market will go. But since we are long-term investors, we don't need to worry much about market movements. We have to continue investing with some risk of money and if a big opportunity comes in the middle of the series then we have to take advantage of that opportunity. The plan we invest in must be kept in mind so that we can execute this plan perfectly.

[JayJuanGee]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

The topic of this thread is built upon a presumption of long term investing, and we are not trading here or even selling for short term profits and/or expectations to buy back lower. 

if your investment plan is 4-10 years or longer, you are likely going to have better chances of experience compounding of your invested amount and also you will likely increase your options regarding what you might want to do with your bitcoin investment later down the road, especially if you both hold and invest more than one whole cycle... notice the thread topic also says nothing about selling, and that is on purpose (rather than an accident).

Surely some people will lose their Bitcoin upon death, especially those who have not worked out a way of transferring their Bitcoin to heirs and people they care about. It is therefore important to work towards retirement and handing over when we get to certain stage in life.

Preparing from now on to whom the valuable assets we call Satoshi's inheritance will be transferred. This is done by telling the person the seed phrase, password, including active email associated with access to the wallet.
If the assets you currently own are not just Bitcoin which is partly located on an exchange, provide your email and password so they can access it someday.

Why prepare from now on, because at our age we don't know when we will reach our final rest.
For those who are married and have children, entrust it to your wife and explain what and for whom the assets will be used in the contents of the letter so that you are calm and don't regret it.

It is not advisable to save ones asset in centralized exchanges because of the risk of hack like the case of Mt.Gox and many others or the owners of the exchange stealing your funds like the case of FTX. The recommend practice is to save your asset in a wallet you control the seed phrase. Many people who made the mistake of leaving their coins in exchange have various stories to tell so it is not wise to continue making the same mistake that people made in the past.

There are many safe ways to go about this including using hardware wallet or software wallets such as Electrum wallet. This link can help you with how to set up Wallet with single or mutltisignature: https://bitcointalk.org/index.php?topic=5469290.msg62949141#msg62949141

Finally don't forget the popular statement not your keys, not your coins. This is a reminder that anywhere you safe your asset in that you do not have the seed phrase is not safe.

Exchange will never be a good option for people if they want to hold or slowly acquiring some assets because we all know for how many times a exchange compromise their costumers. And we should stop seeing their reputation as valid reason to trust them since even if they are providing good service they have huge scam to turn into scam just like what Mt.gox and FTX did also there are other more issue like this happen.

So for us to have smooth accumulation of bitcoin for long time hold or to trade it whatever timeline we like we should store our bitcoins on those wallets which the private key is in our control since this safe option to have.

Always to keep in mind that  word not your keys not your coins word you said should always consider or think about by people so that they will not fall on exchange scam and can make sure that they can get something for the efforts they do especially for doing those long term hold or for their acquiring.

You guys seem to be getting all hot and bothered about keeping coins on exchanges, but also you should not be ignoring that if guys are making a lot of small purchases of BTC, they might need to consider allowing their BTC stash to build up to a certain amount prior to withdrawing them, and personally I recommend to not purposefully create UTXOs that are less than $500 to $1k, even if you might be able to currently transfer for reasonable fees, we also need to give ourselves more options in the future, so part of that is holding our own keys but another part is to make sure that we do not have UTXOs that might be too uneconomical to spend under certain high fee market conditions that might happen in the future that might even be worse than the fee situation in the last nearly 3 months.

[Hewlet]

It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

For people that have mastered the art of trading, they might look at buying the DIP end HODLing it as a strategy for the inexperience ones while those that only buy the DIP and HODL might think that traders are high risk takers but the thing is more of focusing on what works well with you and sticking with it. The only issue is that because of the complexity involved with trading and the chances of a new person just starting his Bitcoin journey to experience looses more in trading than he will do in just Buying the DIP and HODLing is the main reason why it is more advisable for a beginner to start his Bitcoin investment journey by just accumulating it and Hodl.

[Fuso.hp]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

People who invest and want to hold investments deeply are actually more focused on buying investments than selling investments. Selling investments is not a feature of long-term investment at all, rather holding the same amount invested by an investor as well as adding new investments is the main feature of long-term investment. Buying and selling is normal but for those who want to hold Bitcoin deeply, selling is not normal but buying is normal. After investing there is no need to think that we have to sell the investment but our full focus should be on holding the investment deeply. It happens in the market that the price of any coin fluctuates and due to fluctuations, investment sometimes shows profit and sometimes loss. Considering these gains and losses one should not sell the investment but considering the ups and downs of the market one should think of increasing the investment amount.

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

I think for those who really like Bitcoin and also really like implementing the buy the dip and HOLD strategy, there is no need to determine a selling price target very early if the purpose of buying on the dip itself is for long-term investment. Because those who usually determine the selling price very early or after successfully making a purchase at a dip price are traders and this will certainly not be the same as investors who like to hold Bitcoin in the long term. Although they all also consider risk control when doing something in the market.

I agree with you completely. Many the moment a target selling price is set, then it becomes trading because by that singular decision,  the investors is more focused on achieving that price target and not necessarily building a large Bitcoin reserve.

If an order is set with the target price fixed after investing and if one's investment is sold at that order then it must be considered a trade.  That is why it will be considered a business because the investor bought but could not hold it, he sold it at some profit and it definitely falls into the business. In case of holding the investment deep, the investment cannot be sold at some profit but an investor can increase his investment if he wants to by DCA method.

He will not hesitate to sell if that price is even achieve in a month from the point of investment. We can call this long term investment if it happens that he sold shortly after buying because he achieved the target selling price.

Long-term investments are generally made with a specific time frame in mind. For example, if an investor invests himself in a five-year plan and the market price changes significantly during these five years, and despite this change, the investor holds the investment for a certain period of time without selling the investment, this is long-term investment. If the investor thinks that he buys Bitcoin for $1000 and he sells it when he gets $200 on his investment, but here he has a business objective of making a certain amount of profit. Since his investment in this case depends on a certain amount of profit, if we consider his method as a businessman, then we may not be wrong. If the investment is made with the intention of holding the investment in depth, one must try to hold the investment for a certain period of time.

One thing is certain, anyone who is accumulating Bitcoin with the intention of selling at a price set from the beginning will surely get agitated when the price is not forth coming. There will surely be a time he will become tired of waiting if the price refused to get to his target.

It is normal that I invest and after waiting for some time the market goes up a bit due to which I see some profit from my capital at which time my mind wants me to take this profit. If we invest with the intention of receiving profit, but we could not hold the investment for a long time, then we have to be patient and hold the investment without selling it in the hope of something better. Just as we get excited to sell when the price goes up a bit, when we dump a bit we feel like we may have invested at the wrong time, but in both cases we need to be patient enough. Because we have invested to hold our investment for a certain period of time, what happens in the middle periods will continue even if we do not give much importance and the more we give importance, the more we will be hindered in holding our investment deeply.

Therefore, instead of having a selling price in mind while buying Bitcoin,  it is better the focus be shifted to buying as much as is possibly convenient and holding on to it, making the buying process a continuous one to such a time one is comfortable to begin to liquidate in parts and gradually and not pulling out all the funds at once. I feel that this method us better for investors as it eliminates worries, anxiety and also the chances of running out of Bitcoin completely when the price continues to go higher.

I totally agree with you that while buying we should buy thinking that the amount of money we are investing is not for sale at all. After investing and every time we increase the investment we have to think that we will focus only on holding the investment deeply and increasing the investment by understanding the opportunities. Whenever our full focus is on holding the investment deep as well as growing the investment, we will not want to sell the investment even if we see enough profit because then our expectations will be high.

[Odusko]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

The topic of this thread is built upon a presumption of long term investing, and we are not trading here or even selling for short term profits and/or expectations to buy back lower. 

if your investment plan is 4-10 years or longer, you are likely going to have better chances of experience compounding of your invested amount and also you will likely increase your options regarding what you might want to do with your bitcoin investment later down the road, especially if you both hold and invest more than one whole cycle... notice the thread topic also says nothing about selling, and that is on purpose (rather than an accident).

Bitcoin investment cycle should be aimed at long term investment because that os the only way to fully accumulate all the variables that usher in good profits, and yes indeed our focus in this topic is based on that fact, but most time, young upcoming investors who may not have the cashflow to hold they Bitcoin for that 4-10 year long term bitcoin investment cycle,  because they are forced at some point to sell their Bitcoin to solve one problem or the other, or even applying the DCA approach so as to increase their capital with the thought that buying low and selling high based on short-term speculation could help the to achieve a more financially stable position,  those set of Bitcoin investors will always speak based of their mindset and position,  even though that, on the long run, the maximize profits in that practice cant match up with the one that comes along with just holding your Bitcoin for that space of time without doing any action either to sell with the intention to buy back at low which is what most call DCA approach.

[Justbillywitt]

It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

For people that have mastered the art of trading, they might look at buying the DIP end HODLing it as a strategy for the inexperience ones while those that only buy the DIP and HODL might think that traders are high risk takers but the thing is more of focusing on what works well with you and sticking with it. The only issue is that because of the complexity involved with trading and the chances of a new person just starting his Bitcoin journey to experience looses more in trading than he will do in just Buying the DIP and HODLing is the main reason why it is more advisable for a beginner to start his Bitcoin investment journey by just accumulating it and Hodl.

Traders are not hodlers anymore because as they are into buying and selling at any little profit they see in the market. It's not about sticking to what what works for you . The thread is named buy the Dip and Hodl for a reason. Anyone who see those who are buying the dip and hodl as inexperienced ones don't know what what they are talking about. Is Microstrategy inexperienced? Hodlers has been the people who has recorded massive profit in bitcoin. So for me I don't see anything like inexperienced in buying the dip and hodl.

[Lamkuthang]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

Not only that, this factor alone requires reading the direction of the market. For example, if the market keeps going up and up in a day, slowly and normally, in general, the lowest price is what we are most looking for to buy, especially if we have set a schedule beforehand in a week, at least we can buy and BTC installments at least 3 times.

[Wind_FURY]

--Snip--

I was actually thinking about what you posted, and you may be right. Perhaps it shouldn't be how much a person could purchase now, and chase life-changing gains. Bitcoin is more about self-sovereign ownership of our own assets, freedom, and censorship-resistance, NOT entirely to get rich. Although getting rich and doing that with Bitcoin would be nice.

Remembering the ethos upon which the foundation of Bitcoin was built on, then DCA, buy at any price NOW if you can is probably what people should do.

[Taskford]

It's generally advisable to take a long term perspective when investing in Bitcoin and focus on the fundamental of the technology and it's potential growths.

the decision to go for either what you call long term investment which is HODLing or short term investment which I feel you're referring to TRADING depends totally on the individuals choice and experience.

For people that have mastered the art of trading, they might look at buying the DIP end HODLing it as a strategy for the inexperience ones while those that only buy the DIP and HODL might think that traders are high risk takers but the thing is more of focusing on what works well with you and sticking with it. The only issue is that because of the complexity involved with trading and the chances of a new person just starting his Bitcoin journey to experience looses more in trading than he will do in just Buying the DIP and HODLing is the main reason why it is more advisable for a beginner to start his Bitcoin investment journey by just accumulating it and Hodl.

Traders are not hodlers anymore because as they are into buying and selling at any little profit they see in the market. It's not about sticking to what what works for you . The thread is named buy the Dip and Hodl for a reason. Anyone who see those who are buying the dip and hodl as inexperienced ones don't know what what they are talking about. Is Microstrategy inexperienced? Hodlers has been the people who has recorded massive profit in bitcoin. So for me I don't see anything like inexperienced in buying the dip and hodl.

Depends on their plans towards their accumulation since there are people intend to split their balance into half so that they can use it for hodling and the other half for DCA then I find it good strategy to use after all since a person doing that may have balance to use in future if good thing happened which I expect since there's huge potential for bitcoin to grow more also they can ride up the current short term happening with bitcoin because they also have balance to use intended for it.

That's why its important for a person to know their priorities or set goals towards their trades and accumulation so that they would know what they really like to happen on their investments. I know its hard for some people to figure out what they like but constant experience towards the market events will help them gain knowledge and possibly they can create their own plan that can possibly generate them some good results.

[oppophonebox00]

Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years.  .Now bin our time and expect to earn multiple times in a few years from now.

[Odohu]

Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years.  .Now bin our time and expect to earn multiple times in a few years from now.

On the contrary holding Bitcoin for long does not require you to keep a close eye on the market. There are certain conditions that will enable you hold Bitcoin for long and monitoring the price is never one of them. As a matter of fact, if you have your eyes glued to the market, monitoring the price, you are setting yourself up for emotional torture and the temptation of selling quick.

To be able to hold Bitcoin for long, first calculate your basic expenses check if your income is enough to cover it and still keep some balance, part of which you will invest in Bitcoin and keep the other part for any emergency expenditure that will come up any time within the period you are buying the Bitcoin.

To achieve this, how you buy the Bitcoin is very important. I mean, you can chose a method of buying Bitcoin which is call DCA, it require you to be investing a certain amount you have calculated to be fine for you to put in Bitcoin without putting your self under pressure. This amount can be invested weekly or monthly into Bitcoin as the case may be. If you are not comfortable with this method, you can just buy Bitcoin anytime you have the finances but the most important thing is that you must invest only what you can afford to leave in Bitcoin for a long time without being affected in any way.

[Tmoonz]

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

Not only that, this factor alone requires reading the direction of the market. For example, if the market keeps going up and up in a day, slowly and normally, in general, the lowest price is what we are most looking for to buy, especially if we have set a schedule beforehand in a week, at least we can buy and BTC installments at least 3 times.

The question is how can you determine or assume that which is the lowest price or dip considering the volatility nature of Bitcoin, the conception should be buying at every dip because waiting for the lowest price or dip can be a wrong approach in your Bitcoin accumulation and can be time consuming. However you can keep accumulating your Bitcoin through the DCA method and take advantage of every dip rather waiting for the lowest price or dip.

[I_Anime]

Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years.  .Now bin our time and expect to earn multiple times in a few years from now.

On the contrary holding Bitcoin for long does not require you to keep a close eye on the market. There are certain conditions that will enable you hold Bitcoin for long and monitoring the price is never one of them. As a matter of fact, if you have your eyes glued to the market, monitoring the price, you are setting yourself up for emotional torture and the temptation of selling quick.

To be able to hold Bitcoin for long, first calculate your basic expenses check if your income is enough to cover it and still keep some balance, part of which you will invest in Bitcoin and keep the other part for any emergency expenditure that will come up any time within the period you are buying the Bitcoin.

To achieve this, how you buy the Bitcoin is very important. I mean, you can chose a method of buying Bitcoin which is call DCA, it require you to be investing a certain amount you have calculated to be fine for you to put in Bitcoin without putting your self under pressure. This amount can be invested weekly or monthly into Bitcoin as the case may be. If you are not comfortable with this method, you can just buy Bitcoin anytime you have the finances but the most important thing is that you must invest only what you can afford to leave in Bitcoin for a long time without being affected in any way.

monitoring the market movement on a regular, won't be encouraging ones yah seeing your portfolio going down due to a certain dip the mindset of you selling would be initiated. Like when bitcoin dip to the price range of $38k I didn't bother checking my portfolio I just keep on accumulating more bitcoin, because you monitoring it always yah just testing your emotions. And beside not even thinking of withdrawing this year I may start atlest around the year of 2025 that why I'm actually focusing on learning more about this [ANN] JJG Sustainable Bitcoin Withdrawal Strategy. so that when I'm ready I would make use of this strategy