Buy the DIP, and HODL!

[Salahmu]

You see, no investment is 100% guaranteed be it a trader or a hodler as all are very risky and due to some unforseen circumstances that may actually affect ones investments make some people to only be interested in trading rather than investing and you can't actually blame them at all. If not that Bitcoin has a higher level of volatility do you think it would have gotten this far?

Volatility is inevitable in any kind of a growing and BIG new asset class, and for something as disruptive and all encompassing like bitcoin, it is even more likely to have had been and continue to be volatile into the future... In other words, the volatility did not cause or contribute to bitcoin being successful, even though volatility does happen to be a by-product of bitcoin whether bitcoin is going to continue to be successful or not.

Yeah I agree with you sir so long as Bitcoin is concerned or any asset there is bound to be volatility because is a normal market movement and it involves buying and selling so there must be some ups and downs but however it's quite surprising that must people or rather investors sees the volatility as the determining factor of Bitcoin strength without knowing volatility has nothing to do with the growths  of Bitcoin because if volatility was to be the determining factor of Bitcoin being successful perhaps the price would have gone to zero considering the amount of Bitcoin that's being sold a day, so perhaps just like you said volatility is a normal thing on every assets that has a very good potentials and there is no way it can be averted.

Inasmuch as investment in concerned, every investor is actually interested in a coin that it's future is certain that's why a lot of the investors are involved in Bitcoin. Moreover, you need to understand that despite the popularity of Bitcoin, it's still very much young looking at when it was invented till now so it's gonna take few more years before it's authenticity can be visible for all to see though it takes patience for an investor to make profitable and long lasting investments.

The truth is that no matter how long it takes the authenticity of Bitcoin will always be questioned by some persons because I believe when Bitcoin came to an existence there are people who were still skeptical and question the authenticity of Bitcoin however considering from those days till now and seeing how well and improve Bitcoin has become everybody would have not question the authenticity of Bitcoin, so perhaps if after seeing or witnessing how far Bitcoin has gone now and still doubt the authenticity that means even if it takes 50 years there would still be people who will question the authenticity, so perhaps I don't think there is a possibility for everyone to believe on the authenticity of Bitcoin because if that was possible it would have been done long ago because Bitcoin has shown and prove how authentic it is on this number of years.

[Ruttoshi]

Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

You are wrong and you are misunderstand what HODL! means. What you just stated is a short term,and traders are known to be the ones involved in such practice. Hodlers don't sell within one month, they keep hodling their investment for a very long time like 4-10yrs and above. Some hodlers use their bitcoin as a lifetime investment. What you said is a bad way to handle your bitcoin, because if you are after little profit from bitcoin price fluctuation, you will never have any bitcoin investment in future. The best thing as a newbie is for you to have the mindset and plan of a long term investment, to limit the same risk attached to the volatile nature of bitcoin, and you can also have enough time to grow your invest, so that in the long run, you can have a good profit from your bitcoin portfolio because as the time passes on, bitcoin price is always going up, which is your reward for still holding.

Imagine that because you bought bitcoin price at 39k, and bitcoin price moved up to 42k, and you sold your bitcoin. The next thing that you see is that bitcoin price keep on going up, and when it moved down, it never moved down below $43k, it means that you can't buy back the same unit of bitcoin when you sold. OR when you bought at $39k, and bitcoin price didn't move up but instead it went down below $39k stayed there for let's say one to two months. It means that you will panic and sell, and run at loss because you are only after bitcoin price to move up within a very short term which tend not to happen during your own speculated time.

You will only give yourself more pressure and stress because you will be restless since that is what you plan to do with your bitcoin. Traders or short term investors can never make the kind of profit that they will get if they trade for ten years compare to a hodler that you was able to increase and accumulate his bitcoin regularly through DCA method weekly or monthly. As someone who wants to start investing in bitcoin, only think of accumulating and not selling, so that you can so that you can increase your bitcoin portfolio size, because bitcoin is worth holding than selling for little profit.

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

[letteredhub]

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

[avp2306]

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

Buy whenever you are comfortable since what's important is you are fine with positions you are taking and have enough money to handle some situations that possible to occur in the market.

What you need to consider is your next plan when you successfully accumulate your bitcoins since it will matter to you if you go for short term like waiting for few months and event then dump or either save it for future because you want to have some bitcoin save either for retirement or other good things that you want to use for.

Any price is good and it matter know on your strategy so people need to figure out their goals since once they have fix aim for sure they can do a lot of things with their acquired bitcoin.

[Eternad]

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

You’re suggestion is not wrong because that’s really an efficient way to accumulate but not all people have a good patience on waiting and the luxury to frequently check the price like me due to the nature of my work.

I usually purchased whenever I’m feeling that price is decreased a little bit while I have spare money that I can use to purchased Bitcoin. Not always I have free money since I have other things to do with my money especially if I’m currently not using it because I can always wait for my salary to get another money that I can dedicate for whatever stuff that I failed to buy before. That’s why I always purchased whenever I feel like I don’t have anything to do with my spare money aside from buying Bitcoin instead of wasting my time waiting for the perfect dump while we all know that Bitcoin price will surely grow astronomically in the future. I’m investing and not trading so I don’t care about minor price difference of my buy if the end goal is still the same.

[Tmoonz]

Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

If you are are buying bitcoin and selling within few months then you are not a hodler. What you are doing is simply bitcoin scalping for few dollars. Bitcoin investment is for the long term if you must see a reasonable profitability. What happens next if you experience loss in the few months you are talking about will you still sell the bitcoin at loss? You are just looking at the positive side of bitcoin investment without considering the other possibility that price could also dip and it could take time to come up even to the price you bought it. Know it today that bitcoin investment in for the long term.

This is actually true because this is actually the beat time to invest because you are certain that you wouldn't experience any loss from buying at this current price.

In as much as I agree with you that this is the best time to invest in bitcoin. I won't agree to your statement that you are certain that one wouldn't experience any loss at this current price. Few weeks ago we saw bitcoin price above $48k and many never thought we will see $39k again, but bitcoin surprised them and traded below $40k and those who bought at $48k are still in loss. So in bitcoin investment we expect anything at all time. The market is not always one way.

On a general view, this might not be the best time but a good time to invest in bitcoin. I agreed with you in your other expression, in as much as an investor may decide to buy bitcoin at this current price, it is not possible to predict the future with certainty. Considering volatility and price fluctuations of bitcoin which can significantly take place within a short period, your DCA strategy is there to mitigate your risk tolerance by making your bitcoin purchase of weekly or monthly with an allocated % of about 5 to 10 based on your income flow with your emergency funds set aside for your unforseen circumstances enabling you to remain focused in your bitcoin accumulation journey.

[michellee]

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

Buying whenever you have money is one way to take advantage of owning Bitcoin. And no one knows when the right time to buy is. We can only be sure to buy when the Bitcoin price is at a low price. And whatever the low price is, it will depend on our analysis.

But we already have a DCA strategy for buying Bitcoin that does not depend on the Bitcoin price. We have to follow the time to buy, for example, once a week, once every two weeks, or once a month to buy Bitcoin. We just follow the plan while allocating a certain amount of money to invest in Bitcoin.

And even though the market is unpredictable, we can still use DCA to buy Bitcoin regularly. That will help us to have lots of Bitcoins. That is enough for new investors to start investing in Bitcoin. Their job is just to increase the number of Bitcoins, and they do not need to monitor the price too often.

[Roseline492]

Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

It seems you don't really understand much about the concept of holding because you would not have said that holding tend to do with short time investment however when we talk about holding we are actually referring to long time investment by buying Bitcoin and holding it for long, and secondly no matter how volatile Bitcoin may be but is never a guarantee that you could have a reasonable returns from your investment during the short time you are referring to, although is obvious that profits is always the major goal of every investors at the end but with lack of investment planning could make someone losing instead of making profits at the end. So perhaps if your strategy is dependent on the volatility to make profits within a short time I would advise you to re strategize and focus on holding instead.

[DubemIfedigbo001]

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

There's a great difference between a good investment and a great one, when you get your little gains in a short period of   investing with bitcoin(I call it a gamble), you can say you had a good investment because you got gains at least, but having a great investment comes with investing for a longer period and that's the psychology and gospel behind bitcoin investment. Check the statistics and observe that those who really made a fortune from bitcoin investments are those that invested for a long term, they surely had a great investment.

I guess what you are trying to say is that investing earlier will give you a better advantage over those waiting for the price of bitcoin to drop to as low as $37k before investing as anytime from now, the market will experience a bull that will make people without a single holding to regret their inactions and indecisive nature. This is actually true because this is actually the beat time to invest because you are certain that you wouldn't experience any loss from buying at this current price.

I greatly fault those waiting for bitcoin to continue dipping. Why the wait?, you can get strategic with your accumulation so you don't lose out completely while you wait. You can go ahead with acquiring gradually with DCA while you wait for the dip you're expecting. If that dip comes by, you can buy with lump sum. If not, at least you're still acquiring bitcoin. Its a win win situation.

You're not certain of anything with bitcoin, you're only in anticipation, being certain is having absolute trust in something with zero possibility of failure. With bitcoin, we're only anticipating that the bull run once again will increase the value of bitcoin and bless investors with profits.

[aylabadia05]

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

Buy now because it is no longer at $43K but is trading at $42.5K. When the price rises to $45K, then the profit has been made.
Buying whenever you have the money to buy can be done, but strategic calculations for making a profit will not be ignored for those who use Bitcoin as an investment asset.

I think when someone tells you to try using the DCA method in purchasing, then that's good advice to increase your Bitcoin holdings.
Buying Bitcoin at whatever price and whenever it is done will not result in a loss if the aim is to hedge against fiat currency, but if you focus on buying Bitcoin to expect profits when the price is high, consideration of using methods and strategies in buying is important.

[Odohu]

Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

You are probably not in tune with our discussion here. We are not discussing short term investment which is what you are referring to. Like the caption says, our target is to buy and HODL for long. If you are looking to buy low and sell high within a short time, then you are definitely in the wrong thread. To correct your impression that Bitcoin investment is not all that long term, we know there are people that invest for various purposes but to maximize the opportunities that Bitcoin offers, we suggest and encourage long term investment. The advantages of long time investment are huge and can never be compared to short term investment that have all the attributes of trading.

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

i guess what you are trying to say is that investing earlier will give you a better advantage over those waiting for the price of bitcoin to drop to as low as $37k before investing as anytime from now, the market will experience a bull that will make people without a single holding to regret their inactions and indecisive nature. This is actually true because this is actually the beat time to invest because you are certain that you wouldn't experience any loss from buying at this current price.

If I got him correctly, he was saying that it will be difficult to get the real bottom, I mean the exact point the price will reverse so it will be better to consider buying when you see reasonable retracement and not wait for the perfect bottom. When price is correcting, you will agree that it is not always easy knowing the exact point it will turn or how long the correction will take. So it is better to consider buying as soon as reasonable discount have been offered by the market. This way you will not miss out on the major move because of waiting for the perfect bottom. For instance, when the post ETF retracement started, you will never know that price will go as low as $37k and even if you wanted and expected the price lower, there are chances you will not get into the market by now and price has already reversed and looking ready to go higher. This is a case of you missing out on the market because of waiting for the perfect bottom which cannot easily be known.

[Mayor of ogba]

Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.

although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment  as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.

Mate, bitcoin is not something you will hold for a while; it is something you have to hold for the long term, like 4-5 years before you can see a huge profit from your bitcoin investment. I can see you are accumulating bitcoin for the short term, which is not a good way of owning a bitcoin because you can miss out on having a bitcoin because you are pursuing a short-term gain. For instance, if you accumulated bitcoin when the price was $39k and sold it when the price was $42k, you would make a little profit. For you to buy another bitcoin, you have to wait for the price to drop before you can buy it again. But if the bitcoin price is still on an upward trend, you have no choice but to wait because you are in for the short term, which could make you miss out on bitcoin.

[adultcrypto]

On a general view, this might not be the best time but a good time to invest in bitcoin. I agreed with you in your other expression, in as much as an investor may decide to buy bitcoin at this current price, it is not possible to predict the future with certainty. Considering volatility and price fluctuations of bitcoin which can significantly take place within a short period, your DCA strategy is there to mitigate your risk tolerance by making your bitcoin purchase of weekly or monthly with an allocated % of about 5 to 10 based on your income flow with your emergency funds set aside for your unforseen circumstances enabling you to remain focused in your bitcoin accumulation journey.

There is no best time or best price to buy Bitcoin as any price and time is good provided you have a long term view to Bitcoin investment. If you are waiting for the best time or best price to buy, you may likely not buy it. When Bitcoin got to $500, I'm sure there were people that said it was too high priced to buy. Same thing happened when it got to $1k, $3k and even $10k. This pessimism and procrastination will not stop even now so I'm not surprised when some people feel now is not the best time or price to buy.

I have the feeling that in the future, those thinking that now is not the best time or best price to buy will look back and said they wished they had bought Bitcoin when it was at $43k, this is a possibility because Bitcoin have the potential of making it happen. Check the growing interest bearing in mind that it has a maximum supply that will never be exceeded. You can see the potential of Bitcoin and the need to join the party as soon as you can if you have the resources and means of joining.

[Justbillywitt]

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

As a long time hodler why do you need to be bothering yourself with watching the market? Your sole purpose is just to keep buying and don't let your attention be bothered by market activities. If your goal is to accumulate and hodl for 6 years and above, then the market timing is not something you should be bothering yourself with. You should just be concerned with getting steady flow of liquidity to inject in bitcoin. Any price you meet bitcoin when you liquidity is available you buy. Let the day traders bother themselves with the market timing.

[teamsherry]

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.
 

For real the role of emergency funds cannot be neglected if we really want to hold out bitcoin for long because we do not want a case where circumstances might arise and need to tamper with our future investment becomes an option. But as we also preach about the importance of emergency funds, I think its also important for us to talk about discipline and self control as we pursue or long term holding dream or aspirations, I came across a thread where someone said that he used his money that he was supposed to use to invest in bitcoin to buy a game, while many might think of this action as absurd, we should recognise the fact that our lust for pleasure can also become a hindrance to our Bitcoin accumulation and only by exerting discipline can we reach certain heights as bitcoin holders.

Considering a situation where by a person lacks self control and maybe decides to sell his bitcoin holdings to buy something of luxury when he hasn't built any large portion of bitcoin stash or maybe a newbie investor that started investing with large capital and felt over allocated and just decides to sell his holdings probably because of a little profit on his portfolio to buy a want. So I also think several things could be distractions to us and also hider us from accumulating enough bitcoin as newbies.

[Moreno233]

Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

It is difficult to time the market and that is a waste of time, especially a new investor that is a low coiner, because nobody can predict the price movement of bitcoin. It is better to get started the moment you have the money to invest and keep on growing your invest by buying regular either weekly or monthly, and all necessary funds are in place that will not make you think of selling your bitcoin.

Actually there's nothing wrong at buying whenever you have the money available but I think what he/she meant by timing the market is just by buying at each dip that occurs, take for instance a week+ ago bitcoin price moved up to $47,000+ and after a while dropped to $39,000 then later took a leap to around $43/42,000+ right now (as at the time am writing this). For a investor that is timing the market he/she will know that $39k is a right time to buy because the price will surely move up again for him to make profit and for sure it did moved from $39k to $43k, so isn't it a right timer for any investor? We know the market is unpredictable but there are moves that we will critically observe and we won't need a fortuneteller to tell us what could happen next, only experience will tell.

You seems to be ignoring the key ingredients needed to HODL the Bitcoin purchase whenever you have money. If the focus is just on buying whenever you have money without planning on how to hold it, then the very essence of the investment will be defeated sooner than you can imagine. As I was reading through the earlier part of the thread, JayJuanGee mentioned that even if your funds is not regular, there should be a way of estimating how much you will get in like 3 months or 6 months, with this you can do a form of estimate of your cash flow should you run into bulk funds. With this in place, the DCA method can be applied with the key requirements such as emergency funds also compensated for in your calculation. I'm saying this because the major problem those of us from low income background face is being able to hold our investment amidst needs. So care must be taken to follow the recommendations of setting up emergency funds in addition to our basic needs to be able to resist the temptation of premature selling of our assets.

[Troytech]

I doubt that many of us should be investing into bitcoin or anything else with a state of mind that anything can happen, because the fact of the matter is that there are more probable and less probable events and there are better and worse investments, and sometimes, we might invest into a variety of possible outcomes, but it is also quite likely that if something has 1% or less chances of happening, we should be careful that we do not invest more than 1% of our efforts, money and energy into such possibility, but we also should not treat it as zero% either.. so we have to figure out some proportionality in our actions.  

Earlier on in this thread you made mention of us creating diverse senerios of events that could happen In our investment, like a best case senerio when the market undergoes a down trend and we have an opportunity to buy Bitcoin at a lesser price, a normal case senerio where the market just consolidates around a particular price range and a worst case senerio where the price spikes and we have to buy at a much expensive rate(and this scenario would differ with respect to different individuals at different time frames and also needs at that time), so with respect to this events mentioned, I guess all of them might have equal probability of happening and we would prepare for all of them at once, but I'm wondering if in a case of senerios, preparation can be seen as investment or efforts since they have not exactly happened or could you better explain this in terms of putting efforts to each possibility.

But in overall I do understand that we would and should put our effort (whether it be in terms of cash , thinking or efforts) in term of the possibility of any event happening, so that we would not put effort In events less likely to happen than in events most likely to happen just because we expect them to happen or for whatever reason that may cloud or judgement. Meaning that any investment decision we make should calculated in terms of what is most likely to happen or not giving us a kind of precision even if not accuracy in our decisions.

Another thing I doubt that anyone should be investing based on positive feelings, either.  There are needs to be tempered in your investment, and to have enough flexibility to reassess ways that you may be wrong or might have been wrong in the past, and sometimes adjustments might need to be made based on new information. .and positive feelings might not make any difference if you ended up investing into something based on hype rather than substance.

Then, I believe they should be a place for what is right and what we feel in our investment path and decision-making, because we may be locked in a place of feeling good about a specific pattern of investing rather than doing what is right or most logical. Another example of how emotions can influence us is when we become too rigid to adjust to or change our investments depending on new information, as you mentioned. And this means that even we, the investors, need to regularly go back and analyze our investment progress, and at times check what we are doing or even reassess our plans to see if there is a place for change or to adapt to new market conditions. So a investor must be flexible, but some persons have gotten accustomed to a pattern of doing things that they even resist change and this could in turn affect them.

[JayJuanGee]

I doubt that many of us should be investing into bitcoin or anything else with a state of mind that anything can happen, because the fact of the matter is that there are more probable and less probable events and there are better and worse investments, and sometimes, we might invest into a variety of possible outcomes, but it is also quite likely that if something has 1% or less chances of happening, we should be careful that we do not invest more than 1% of our efforts, money and energy into such possibility, but we also should not treat it as zero% either.. so we have to figure out some proportionality in our actions.  

Earlier on in this thread you made mention of us creating diverse senerios of events that could happen

My suggestion to provide various and diverse frameworks should still be within some frameworks rather than throwing up your hands and saying "anything can happen" because it is not correct that anything can happen with the same kinds of odds... maybe I am quibbling..?  but there is a difference between saying anything can happen and saying to prepare for a variety of scenarios.

In our investment, like a best case senerio when the market undergoes a down trend and we have an opportunity to buy Bitcoin at a lesser price, a normal case senerio where the market just consolidates around a particular price range and a worst case senerio where the price spikes and we have to buy at a much expensive rate(and this scenario would differ with respect to different individuals at different time frames and also needs at that time),

In the short term all of those scenarios could seem to be happening at the same time..   .. meaning over a year or two or three we could have extreme up, down, sideways, and so it is likely that we expect a variety of possibilities even within the scenarios and difficulties in terms of determining which one is playing out.. .. which is  part of the reason to have 4-10 years or longer in mind, as long as you are considering your investment in that kind of way, and surely some young folks are going to have 30-40 year timelines, but at the same time, they still need to be investing and doing their preparations in shorter periods in order to build towards their longer term goals, and there is almost no way that we can know specifics the further we go out and even knowing a couple years in advance can be difficult... so sometimes our main ideas might be trying to get directionally correct rather than correct about various specifics along the way..even though we might be prepared for a variety of extremes that might come in the middle of longer wave directional correction playing out in ways that we hope to have had prepared ourselves sufficiently well..

so with respect to this events mentioned, I guess all of them might have equal probability of happening and we would prepare for all of them at once

Even though you likely have a considerable amount of blindness, you still likely have base case scenarios..

Frequenntly my base case scenarios involved BTC as flat or even ONLY appreciating on average the same as the stock market which would hav had been around 6% per year, but at the same time, I understood that my base case was not even likely to play out exactly... but it was a way of projecting out.. and also considering extremes within too.

, but I'm wondering if in a case of senerios, preparation can be seen as investment or efforts since they have not exactly happened or could you better explain this in terms of putting efforts to each possibility.

Some things are in your control and some are not.. so ongoing buying and maybe holding funds aside to buy on dips and perhaps earning more income or spending less.. so sure you are going to be making various efforts along the way, and maybe even monitoring and measuring where you are at whether you are in the red or black and maybe you could spend 3 years or more seeming to not be making much progress.. but if you are still building your BTC holdings then maybe that would be your shorter term goal and your calculation that you will be in a better position from those earlier efforts in the future even though in the present it might not be looking as great on paper.

But in overall I do understand that we would and should put our effort (whether it be in terms of cash , thinking or efforts) in term of the possibility of any event happening, so that we would not put effort In events less likely to happen than in events most likely to happen just because we expect them to happen or for whatever reason that may cloud or judgement. Meaning that any investment decision we make should calculated in terms of what is most likely to happen or not giving us a kind of precision even if not accuracy in our decisions.

That mostly sounds correct.

Another thing I doubt that anyone should be investing based on positive feelings, either.  There are needs to be tempered in your investment, and to have enough flexibility to reassess ways that you may be wrong or might have been wrong in the past, and sometimes adjustments might need to be made based on new information. .and positive feelings might not make any difference if you ended up investing into something based on hype rather than substance.

Then, I believe they should be a place for what is right and what we feel in our investment path and decision-making, because we may be locked in a place of feeling good about a specific pattern of investing rather than doing what is right or most logical.

My point is that you need more than just feeling, but of course, if you are doing things in pretty solid ways, you are likely going to feel good about it.

Another example of how emotions can influence us is when we become too rigid to adjust to or change our investments depending on new information, as you mentioned. And this means that even we, the investors, need to regularly go back and analyze our investment progress, and at times check what we are doing or even reassess our plans to see if there is a place for change or to adapt to new market conditions. So a investor must be flexible, but some persons have gotten accustomed to a pattern of doing things that they even resist change and this could in turn affect them.

Sometimes patterns can be good, and sometimes we might not know that it would be better to make some adjustments, and sometimes the adjustments might merely be discretionary and might not make any kind of BIG difference.. and other times we might not realize that we should have had made changes earlier, and when it comes time to make the changes, we might have to reconsider whether it is still a good idea to make the same changes or to formulate other kinds of changes based on new information and new assessments that we have made.

Sometimes if we spend several days thinking about whether we should make changes or not, and then maybe in the end, our time might have been better spent in some other kinds of activities.

Just the other day (a week ago or so), I spent several hours to make several changes to some of my buy sell orders, and then towards the end of that period I realized something that I had overlooked.. and I did not want to continue with working on it.. so I took a break for nearly a week before going through and revising my work in order to account for the overlooked aspect, which again ended up taking a couple of hours (not as much time as the first time), but still enough time that involved my continuing to think about it and then finally to execute it, and not always knowing the exact details until I actually put it into place and then look at it on paper for a while and make some cross comparisons to other kinds of information that I have to make sure that I am comfortable with all of the changes, and probably a bit of back and forth.. but in the end, I am feeling comfortable with the changes. 

Sometimes changes like this can have BIG ramifications and other times the ramifications might not be as BIG.. and the main way to come to the solution that is comfortable is to have some back and forth in the consideration of various scenarios.. .

[Rabata]

As a long time hodler why do you need to be bothering yourself with watching the market? Your sole purpose is just to keep buying and don't let your attention be bothered by market activities. If your goal is to accumulate and hodl for 6 years and above, then the market timing is not something you should be bothering yourself with. You should just be concerned with getting steady flow of liquidity to inject in bitcoin. Any price you meet bitcoin when you liquidity is available you buy. Let the day traders bother themselves with the market timing.

Bitcoin market is volatile which can create different sentiments at any time among those who follow the market. Those who are committed to long-term holding would definitely do well to keep an eye on how to further diversify their portfolio. Those who understand the value of Bitcoin see the dumping of Bitcoin as an opportunity for them. Those who are short-term investors may be happy with small profits but a Bitcoin holder usually dreams big.

Considering a situation where by a person lacks self control and maybe decides to sell his bitcoin holdings to buy something of luxury when he hasn't built any large portion of bitcoin stash or maybe a newbie investor that started investing with large capital and felt over allocated and just decides to sell his holdings probably because of a little profit on his portfolio to buy a want. So I also think several things could be distractions to us and also hider us from accumulating enough bitcoin as newbies.

It is advisable to adopt a long-term strategy of Bitcoin investment. But holding depending on long-term investments may not be easy for everyone. Some may even convert their bitcoins into fiat before leaving for a specific destination. Keeping a reserve balance is definitely important for those investors. But if they know about the importance of holding bitcoins and if they can do it in the proper way in Dollar cost average (DCA) then they can create a path to solve any problem easily.

[justinlamode]

As a long time hodler why do you need to be bothering yourself with watching the market? Your sole purpose is just to keep buying and don't let your attention be bothered by market activities. If your goal is to accumulate and hodl for 6 years and above, then the market timing is not something you should be bothering yourself with. You should just be concerned with getting steady flow of liquidity to inject in bitcoin. Any price you meet bitcoin when you liquidity is available you buy. Let the day traders bother themselves with the market timing.

Bitcoin market is volatile which can create different sentiments at any time among those who follow the market. Those who are committed to long-term holding would definitely do well to keep an eye on how to further diversify their portfolio. Those who understand the value of Bitcoin see the dumping of Bitcoin as an opportunity for them. Those who are short-term investors may be happy with small profits but a Bitcoin holder usually dreams big.

Are you saying that buying other coins in addition to Bitcoin is really diversification? I do not agree with you on this one because Bitcoin is enough to avoid mistake. I think the main focus of most of the people here is how to build their Bitcoin portfolio and not diversify into other coins that you are not sure if their founders will dump it and run away.

Many people have lost fortune investing in coins they were convinced will give them big profits. I expect you to learn from the mistakes of those people and concentrate in building your Bitcoin portfolio rather than thinking of diversifying when you are just exposing yourself to danger.