Buy the DIP, and HODL!

[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.

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[JayJuanGee]

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.

Many times in this thread we end up talking about diversification to become necessary after your bitcoin holding might become quite large and even several years the size of your annual expenses/income, and so you are correct that there is no reason to diversify within crypto.. since bitcoin is already a leader in the area, which largely means that other crypto (shitcoins) are dependent upon (or correlated to) bitcoin's performance, so there would not be much if any value to diversify into shitcoins.  So, generally the concept of diversification would relate towards other sectors that are supposed to be non-correlated, such as equities, properties, bonds, commodities,  and/or cash/or cash equivalents (again not referring to shitcoins).  One of the problems with poor people getting into various shitcoins likely come from their not having access to other investments, so they might consider shitcoins as their best option, which may or may not excuse such behavior because if they mostly have bitcoin and they build up their wealth to several times their annual income/expenses, then surely at some point they might have enough value to diversify into various kinds of other traditional asset classes to the extent that it might be justifiable to invest in that direction.

Another problem that so many of us consider to exist with a variety of traditional asset classes is that they are so correlated to the debasement (and indebtedness) of the dollar and all other fiat currencies suffering similar or worse problems than the dollar, so in some of those senses, the various traditional asset classes suffer a kind of similar fate in regards to their being inflated beyond their true values and therefore overly correlated to the dollar (or the debt).

I will agree that newbies to investing likely do not need to think about diversifying at all until they get up to a certain quantity of value invested, whether that is a year or more or maybe some might consider that they would like to begin to diversify when they get to 25% to 50% of a year invested, which would ONLY be 3-6 months of their yearly salary/expenses, and surely those are personal choices, and surely many of us here would consider that there is no need to invest in shitcoins at all, but some folks who want to gamble and experiment and explore, then maybe if they are so inclined, then if they at least limit their investment into shitcoins towards less than 10% of the size of the value of their BTC holdings.. and hopefully not cheating too much in terms of continuing to siphon value from bitcoin if they lose their shitcoin investments (trades/gambles).

[ginsan]

Many times in this thread we end up talking about diversification to become necessary after your bitcoin holding might become quite large and even several years the size of your annual expenses/income, and so you are correct that there is no reason to diversify within crypto.. since bitcoin is already a leader in the area, which largely means that other crypto (shitcoins) are dependent upon (or correlated to) bitcoin's performance, so there would not be much if any value to diversify into shitcoins.  So, generally the concept of diversification would relate towards other sectors that are supposed to be non-correlated, such as equities, properties, bonds, commodities,  and/or cash/or cash equivalents (again not referring to shitcoins).  One of the problems with poor people getting into various shitcoins likely come from their not having access to other investments, so they might consider shitcoins as their best option, which may or may not excuse such behavior because if they mostly have bitcoin and they build up their wealth to several times their annual income/expenses, then surely at some point they might have enough value to diversify into various kinds of other traditional asset classes to the extent that it might be justifiable to invest in that direction.

Of course it is true as you have said that if they have accumulated more BTC in their portfolio then they can budget the allocation into several points if they want to complete a small collection in their portfolio. But as long as I am here of course we are still too confident to focus all the budget we have only on buying BTC. Because our investment target has not yet reached a greater level of BTC holdings in our portfolio so I still continue to focus on accumulating BTC for some  next year.

Some of those who have started buying BTC since 2015 certainly already have large amounts of BTC in their portfolio so it will be easy for them to diversify their budget. But I doubt they will because the longer we are in btc the more we find a conviction to continue buying btc and forget about shitcoins in the slightest context

[teamsherry]

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.

Your right on this, I also think that a time would come when accumulating bitcoin would be even more difficult than this , cause as price continues to increase one set of persons are benefiting which are those that already have bitcoin in their possession and new investors or persons just making the decision to invest would have to buy bitcoin at a higher price than it is now and history has proved this.

So with every passing year those who hold bitcoin continue to be amongst the people that would benefit more than even those that trade bitcoin which are not actual holders and cannot gain if bitcoin gains more values or even short term holders.

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.

We cannot limit the fact that he said diversify to just other coins although it might also be what he meant, which we have agreed to be very risky and unwise cause shitcoin have no real value and they are not asset. But if he meant maybe other asset like gold, real estate or any other substantial and proven asset then he is good to go.
But it's very wise that you build your bitcoin portfolio first before diversification, unless you have a bigger income and can handle growing each portfolio at once and have good emergency funds and reserves to help you stand strong as an investor.

[Cryptoprincess101]

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.

How do you know how long it is going to take for bitcoin's authenticity will be visible for all to see?  We might not get authenticity in bitcoin for another 50-100 years.  And what does authenticity mean exactly?  There have been certain bitcoin supporters who have already been considering bitcoin to be authentic in the last 10-15 years, and sure there is even variation in terms of how long it might take someone to become convinced about bitcoin, and even if bitcoin might be a one way street for a lot of people who learn about it, there are going to be a lot of folks who do not learn hardly anything about anything, but they merely do what everyone else is doing... so there are some people who consider bitcoin authentic because that is what everyone else is doing, or if they want to buy eggs at the corner stand rather than at the store, the farmer only takes bitcoin, so they have to figure out a way to get bitcoin because they prefer the farmers eggs rather than the store's eggs.

I quite agree with you on this because there are whole lots of people that got involved in Bitcoin investment not actually because they are interested but because people are more enticed by hype and trends so whichever way they see majority going towards with their investments, that's where they would focus their energy as well and just like you said there are still people that believes that Bitcoin has gained authenticity because looking from when it was invented and to still beat every other coin to become the most sort after coin means a lot to bitcoin investors and moreover the approval of spot Bitcoin ETFs by SEC also aided more investors to be fully guaranteed of the security of their assets hence they believe it's authentic.

Let the truth be told most people are just interested in short term profits because they're always afraid of the fluctuations in the price of Bitcoin in the market hence they always panic whenever they buy at a dip and instead of the price rising it still dips further but they fail to understand that every dip gives and opportunity to accumulate more and hold for long term profits.

You are correct that we probably don't really know how much of a dip there is going to be at any given time, but still I wonder how many people actually are involved in this process of buying bitcoin, probably less than 1% of the world's population, even though there are some parts of the world in which there are higher percentages of the population who both know about bitcoin and are involved in buying it regularly.

Yeah actually some investors keeps waiting for a dip and when the dip doesn't come forth they lose interest and doesn't buy anymore Bitcoin because they feel the price is too high even when it hasn't reached it's ATH and just like you said, the percentage of people buying Bitcoin is so low as many who buy only does that for a short term just for the price to go high and they sell it off which is a very bad habit because an investor that can't be patient enough to allow his investments grow is likely to incur more losses while trying to trade his coin after when the price skyrockets because even if he sells at a higher price he can't buy at a lower price again. Those part of the world that's shows more interest in buying and holdling Bitcoin are rather countries in which the adoption of Bitcoin has been legalized thereby giving all individuals in that part of the world the liberty to buy, hodl and trade with bitcoins.

[Fauderz]

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.

Crypto disverification is a nonsense because at the end of the day, we have to realize that the purpose of disverify is to secure the assets we have in order to avoid great risk and when talking about bitcoin and disverifying it with altcoins, doesn't this make our initially risky condition even more risky?
I think it might be possible to verify with other assets such as gold or real estate that can still be done if you have very large money but disverify bitcoin with altcoins will be a funny situation in the end because we actually make our risk bigger.

If in the end our money is only sober for what to think about diversification because it would be better to just focus on what you want to achieve with your bitcoin.

[I_Anime]

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.

Crypto disverification is a nonsense because at the end of the day, we have to realize that the purpose of disverify is to secure the assets we have in order to avoid great risk and when talking about bitcoin and disverifying it with altcoins, doesn't this make our initially risky condition even more risky?
I think it might be possible to verify with other assets such as gold or real estate that can still be done if you have very large money but disverify bitcoin with altcoins will be a funny situation in the end because we actually make our risk bigger.

If in the end our money is only sober for what to think about diversification because it would be better to just focus on what you want to achieve with your bitcoin.

yeah right diversificating altcoins and bitcoin can be quite risky. Is better to just invest those asset you wanna use in disverifying in other altcoins. When you diversificating thinking it would reduce more risk that even though one of the investment gone bad the other would cover it up you are just increasing more risk unknowingly. Imagine whereby in a scenario that bitcoin surge and the altcoins you are diversificating on didn't pumb and just endup being dump at that point yah bitcoin be the one covering the losses. When you would made good profits is better to make diversificating project to be something outside the crypto space. And focus on BTC alone

[Troytech]

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.

Okay I seem to understand you more now, just as you originally explained I think we are making this senerios based on what can actually happen like a down trend senerio or up trend senerio which is part of a framework, and not preparing for senerios which would most likely or even not happen and maybe start putting efforts into it.
Because from what I had already been practicing as you taught, I just did a basic plan on how I would approach the market if it started an uptrend like, after the etf approval, the market did a little spike to 49k, I only DCA once at that time and that was my worst case senerio, but in other not to slow down on my accumulation process, I allocated more that my original 10% to it, I did 30% that week so I would match up with my Norma Dca plan, and when we had that dip to 39k I actually started lump summing more than DCA, I did three times that week and still did my DCA but this time 15%, I used a bit money from my reservation for the lump sum and I did a little cutting down expense to meet up with DCA,  and then my normal plan would be when the Market is consolidating around a certain price, I would just go with a mix of monthly lump sum and regular weekly DCA, just to balance things up.
This was how I original understood it.
Sir pls if you have any advice to give to me, that could enable me make my plan better would  be fine.

[JayJuanGee]

Many times in this thread we end up talking about diversification to become necessary after your bitcoin holding might become quite large and even several years the size of your annual expenses/income, and so you are correct that there is no reason to diversify within crypto.. since bitcoin is already a leader in the area, which largely means that other crypto (shitcoins) are dependent upon (or correlated to) bitcoin's performance, so there would not be much if any value to diversify into shitcoins.  So, generally the concept of diversification would relate towards other sectors that are supposed to be non-correlated, such as equities, properties, bonds, commodities,  and/or cash/or cash equivalents (again not referring to shitcoins).  One of the problems with poor people getting into various shitcoins likely come from their not having access to other investments, so they might consider shitcoins as their best option, which may or may not excuse such behavior because if they mostly have bitcoin and they build up their wealth to several times their annual income/expenses, then surely at some point they might have enough value to diversify into various kinds of other traditional asset classes to the extent that it might be justifiable to invest in that direction.

Of course it is true as you have said that if they have accumulated more BTC in their portfolio then they can budget the allocation into several points if they want to complete a small collection in their portfolio. But as long as I am here of course we are still too confident to focus all the budget we have only on buying BTC. Because our investment target has not yet reached a greater level of BTC holdings in our portfolio so I still continue to focus on accumulating BTC for some  next year.

Don't get me wrong, I am not advocating any kind of early diversification, even though I concede that guys have discretion regarding when and how much they end up diversifying beyond bitcoin and dollars (and/or their local fiat).  So even someone who is investing 10% of his annual salary/expenses into BTC, he is still going to take around 10 years before he has invested one years salary/expenses into BTC.

Also, even though we cannot presume exactly where each person is in their bitcoin journey, we still tend to talk quite abit about newbies and getting started because when you are getting started then that is likely where you need to develop the most skills and good practices, and also so many people are not really used to investing, so it does not hurt to continue to aim our discussion towards the most beginner levels while at the same time anticipating that not everyone is in the earliest of the beginner stages of their bitcoin journey, and so there are guys here with all kinds of levels of experiences, but still may need to either hone their basics or prepare themselves for times in which they may well be ready to pass into different stages.  Some of the mistakes that newbies and even intermediate investors make tends to be to prematurely start to believe that they are ready to enter into more advanced levels of BTC accumulation or maintenance or even to start to screw around with selling and/or trading BTC before their BTC portfolio sizes are sufficiently built up.

It could be that guys only diversify between bitcoin and cash (or cash equivalents) for many many years and they do not hold any other kinds of investments, and that could well be enough, even though the more and more bitcoin that you get, then the easier it should become to justify considering holding some other kind of assets, yet those are completely discretionary considerations, even though we know that if we start to get a point that we have 3 years of our income in BTC and then maybe we have 12 months in cash, we still are going to start to have problems because we have 3x more value in BTC, and if we reduce our case down to 6 months, then we have 6x more in BTC, and if we reduce our cash to 3 months then we have 12x more in BTC, so we might start to really realize that we are in a very volatile position because let's say our salary/expenses are around $25k per year, and so if we are holding 3 years ($75k) in bitcoin, then maybe our BTC holdings double or maybe it gets cut in half.. so then we might start to feel that we are too overly weighted in bitcoin, which is part of the further justification in regards to making sure that we hold our value in a variety of asset rather just in bitcoin, yet not everyone is going to agree about that.

 I am not going to push the issue especially since there are options, including that maybe if some of us end up having 10 years income/expenses in bitcoin (remember 20-30 years is entry-level fuck you status, and some folks might even be able to figure out ways, especially with bitcoin to be able to turn something close to 10 years in bitcoin to be entry-level fuck you status, especially if they are valuing based on bottom prices such as the 200-WMA rather than spot price), so they might get concerned that they have too much value in BTC, even if they might have 6 months to 2 years in cash, but that cash would not be working for them, so maybe they have 3 months in  and emergency fund.  3 months in reserves and then they have to figure out ways to invest the other 18 months worth of cash, so maybe they would put it in index funds in the stock market or in bonds or in something that they believe might not move the same as bitcoin so that if bitcoin is going down maybe these other assets are not going down as much and maybe they could be gaining in value when bitcoin is going down.. NOT easy to figure out exactly, but if we have many years investing and building the size of our BTC stash (and the overall size of our wealth) these end up NOT being bad problems to have.   

Some of those who have started buying BTC since 2015 certainly already have large amounts of BTC in their portfolio so it will be easy for them to diversify their budget.

Sure the chances are that the longer that a person has been into BTC, then the more likely that he has been able to accumulate BTC along the way and to be able to profit from the passage of time and keeping some BTC in his holdings; however, we cannot assume that everyone has errored on the side of accumulating BTC  because sometimes guys get distracted into accumulating fiat, so they lose their focus, and they misunderstand how much they should be building and accumulating their BTC holdings rather than believing that they are doing well merely because they gain some dollar profits here and there along the way.

But I doubt they will because the longer we are in btc the more we find a conviction to continue buying btc and forget about shitcoins in the slightest context

Sure, and sometimes when guys make mistakes along the way, they sometimes learn that they need to just start to focus more and begin to stack sats as if they were just starting because sometimes they get worked up about mistakes that they made in the past, and then they try to make up for the mistakes that they made in the past, and while engaging in all that conduct and activism in regards to bitcoin, they might not have developed, built and put good bitcoin accumulation actions into practice.

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.

Okay I seem to understand you more now, just as you originally explained I think we are making this senerios based on what can actually happen like a down trend senerio or up trend senerio which is part of a framework, and not preparing for senerios which would most likely or even not happen and maybe start putting efforts into it.
Because from what I had already been practicing as you taught, I just did a basic plan on how I would approach the market if it started an uptrend like, after the etf approval, the market did a little spike to 49k, I only DCA once at that time and that was my worst case senerio, but in other not to slow down on my accumulation process, I allocated more that my original 10% to it, I did 30% that week so I would match up with my Norma Dca plan, and when we had that dip to 39k I actually started lump summing more than DCA, I did three times that week and still did my DCA but this time 15%, I used a bit money from my reservation for the lump sum and I did a little cutting down expense to meet up with DCA,  and then my normal plan would be when the Market is consolidating around a certain price, I would just go with a mix of monthly lump sum and regular weekly DCA, just to balance things up.
This was how I original understood it.
Sir pls if you have any advice to give to me, that could enable me make my plan better would  be fine.

It is difficult to give more suggestions than what I already have because you seem to be wanting to time your buys in a way to attempt to get as much bang from them as you can, and sure there is nothing wrong with that, up to a point, but you have to still consider that no matter what you do, you are likely going to still have some cash in your reserves and the price goes up or you run out of cash and the price goes down.

It seems that you also have gone through some of the exercises that we discussed, but really best case, worst case and base case scenarios have short, medium and long term components, and they likely are not very relevant for short term since you probably should mostly be focusing on DCA rather than trying to buy the dip and things like that. .It seems that you do not have enough money coming in on a regular basis to be covering  all of the scenarios..so you have to just keep building your various stashes that are going to be combined with BTC, emergency funds, reserves and maybe even maintaining some float so you don't cause yourself to go crazy if you make mistakes and you try to push your BTC buys but then run out of money or fail to plan properly..

One of the solid ways that I can suggest is to create a plan for either 3 or 6 months at a time, but hey, I know that you don't want to do that because you are all excited about the ETFs and about the halvenings, so I cannot really blame you for those kinds of inclinations to front-load rather than budgeting for 3 or for 6 months.

Anyhow, if you budget for 6 months, then you add up all the money that you have available for investing (and maybe you already bought bitcoin with that), an then you have your income coming in which is weekly or twice a month or maybe it is more sporadic than that, but still you have some kind of an idea of your budget, so if you have a weekly allowance in which you are able to buy $100 per week, then whenever the week starts, you can try to figure out the best of the dips during the week, and maybe you buy $33.33 worth of bitcoin each time there is a significant dip, and then by the end of the week, you spend whatever is left, if you have any left, and then the next week you have another $100 in your allowance that you are able to spend, so you can try to buy the dips, but maybe you will get too stressed by that, so what is wrong with just picking a day of the week and then just buy every week on that day?

$100 per week would give you $2,600 invested in 6 months.

If you have $2,400 in your savings, and you decide that you want to spend half of it right away, then you end up buying $1,200 right away, and then maybe the other half you use to buy dips (if there are dips), so then maybe you might set your first dip buy $100 at around $38k, and then every $750 that the BTC price drops then you would end up buying another $100, but that would give you only 12 BTC buy orders, and is that enough for you or not?  In my thinking you want BTC buy orders to go slightly below where you think is the most that the BTC price is likely to drop, but maybe you consider that there are no way that you could have 12 buy orders fill.. because that would be buying $100 at each of the price points:

1    =  $38,000
2    =  $37,250
3    =  $36,500
4    =  $35,750
5    =  $35,000
6    =  $34,250
7    =  $33,500
8    =  $32,750
9    =  $32,000
10  =  $31,250
11  =  $30,500
12  =  $29,750

No one knows, so you just try to set your buy orders (increments and amounts) the best that you can (based on your budget and based on your view of not wanting to run out of money to buy but being happy if the BTC price goes up rather than down), and you hope that all of your buy orders don't get filled unless the BTC price spikes down, fills all your orders and then goes back up (I know newbies are not as affected by price drops, but still getting yourself into a mentality of a BTC holder is that you should probably be stacking BTC to such an extent that you are always hoping the BTC price goes up rather than down or sideways). 

You don't know.. are your orders going to get filled or not?  They should feel like insurance that you don't want to have to use, but you have it in case the drop happens.  And maybe the longer that you are in bitcoin the longer you maintain these kinds of buying on the dip ladders while at the same time you are DCA buying on a regular basis, perhaps $100 per week or some other amount that is reasonable based on all of your circumstances that you reassess from time to time.

[Obim34]

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.

Crypto disverification is a nonsense because at the end of the day, we have to realize that the purpose of disverify is to secure the assets we have in order to avoid great risk and when talking about bitcoin and disverifying it with altcoins, doesn't this make our initially risky condition even more risky?
I think it might be possible to verify with other assets such as gold or real estate that can still be done if you have very large money but disverify bitcoin with altcoins will be a funny situation in the end because we actually make our risk bigger.

If in the end our money is only sober for what to think about diversification because it would be better to just focus on what you want to achieve with your bitcoin.

yeah right diversificating altcoins and bitcoin can be quite risky. Is better to just invest those asset you wanna use in disverifying in other altcoins. When you diversificating thinking it would reduce more risk that even though one of the investment gone bad the other would cover it up you are just increasing more risk unknowingly. Imagine whereby in a scenario that bitcoin surge and the altcoins you are diversificating on didn't pumb and just endup being dump at that point yah bitcoin be the one covering the losses. When you would made good profits is better to make diversificating project to be something outside the crypto space. And focus on BTC alone

Without considering any more opinions Bitcoin is relatively the best of investment in terms of dealing with cryptocurrencies. This same mistakes most people do make encouraging a massive accumulation of Altcoins, sometimes not those that are highly correlated with Bitcoin but just picking their interest on some of these new filthy Altcoins due to generating a new pump giving them 100x of their investment, yet the certainty of making such profits may still be opposed by some certain criterias like the project not being successful or the Devs scamming the investors.

It is best we use our tongue to count our teeth whereas knowing where to invest our money and Bitcoin stands the highest chance of being the subject matters.

[7juju]

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Your statement is very correct because if an individual want everything to be so perfect before they invest, they will most likely not invest. In economics,  we were thought that human needs are insatiable. This means the more you try to satisfy your needs the more new things comes up. Besides, technology and innovation is improving a lot of things so every now and then new and better things comes up. This is the reason some people change their phone as soon as new model is launched like in the case of iPhone.

To be able to invest in Bitcoin, we must know where to draw the line between what is most important and what is not. There should be some level of discipline we must imbibe for the greater good. For instance, if I already have a phone that is fine and can do main thing I need a phone for, no need of changing it to a higher version that can also do the same thing when I can simply use the money and buy Bitcoin. Such a phone is not a basic need,  so it can wait and that craving will just be one of the sacrifices I have to pay to be able to invest in Bitcoin and secure my future.

So it is important to identify the basic needs, set some funds aside for them, keep some for emergency and then one can start investing in Bitcoin. Other things can be varied and must not be done so one can actually build for the future.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.

[Mayor of ogba]

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.

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out. Do not allow FOMO to make you accumulate bitcoin when you have no source of income. Before you accumulate your bitcoin, make sure you have a place where you are getting money weekly or monthly to enable you to keep an emergency fund that you will use to settle your financial needs so that you can accumulate your bitcoin without depending on your bitcoin holdings to take care of your financial challenges.

Mate, if you have any intentions of buying the bitcoin dip but are afraid of waiting for it because it is not favorable, I think if you have enough money to use in accumulating your bitcoin, you can divide it into two equal parts and keep one part to buy bitcoin when there is a dip and use the second part to continuously accumulate bitcoin with the DCA strategy.

[Cryptoprincess101]

Without considering any more opinions Bitcoin is relatively the best of investment in terms of dealing with cryptocurrencies. This same mistakes most people do make encouraging a massive accumulation of Altcoins, sometimes not those that are highly correlated with Bitcoin but just picking their interest on some of these new filthy Altcoins due to generating a new pump giving them 100x of their investment, yet the certainty of making such profits may still be opposed by some certain criterias like the project not being successful or the Devs scamming the investors.

It is best we use our tongue to count our teeth whereas knowing where to invest our money and Bitcoin stands the highest chance of being the subject matters.

We ain't talking about cryptocurrencies and other altcoins here, shitcoins are mere pump and dumps as some investors seems to invest base on hype and FOMO and all that but however, lets not digress from our major discussion here as our interests should be focused on buying and hodling enough Bitcoin in our individual portfolio now that the price hasn't skyrocketed yet, the DCA is a profound way of accumulating at regular intervals as that has always been the bone of contention of our discussion here because the halving is quite approaching and afterwards the bull run begins so it would be so sad that as a bitcoin investor, you couldn't accumulate much bitcoin as a result of waiting for further dip which may not occur and at the end of the day you don't have reasonable amount of Bitcoins in your portfolio.

Using ones tongue to can't the teeths would be meaningless if you don't buy now and hodl because so many persons actually talks about buying and holdling here but yet if you check their individual portfolios you will find out that they have little or no bitcoin in there.

[Out of mind]

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Your statement is very correct because if an individual want everything to be so perfect before they invest, they will most likely not invest. In economics,  we were thought that human needs are insatiable. This means the more you try to satisfy your needs the more new things comes up. Besides, technology and innovation is improving a lot of things so every now and then new and better things comes up. This is the reason some people change their phone as soon as new model is launched like in the case of iPhone.

To be able to invest in Bitcoin, we must know where to draw the line between what is most important and what is not. There should be some level of discipline we must imbibe for the greater good. For instance, if I already have a phone that is fine and can do main thing I need a phone for, no need of changing it to a higher version that can also do the same thing when I can simply use the money and buy Bitcoin. Such a phone is not a basic need,  so it can wait and that craving will just be one of the sacrifices I have to pay to be able to invest in Bitcoin and secure my future.

So it is important to identify the basic needs, set some funds aside for them, keep some for emergency and then one can start investing in Bitcoin. Other things can be varied and must not be done so one can actually build for the future.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.

There are many types of plans to invest in Bitcoin, but it is not possible to make such a plan because a person will never sell and invest the things he likes. No one wants to sell favorite thing, but we know iphone is every person's dream and favorite thing, so they invest a lot to buy this thing just hoping for money. If you have an iphone or samsung mobile then you never think of investing by selling them, instead you make another plan and go for money to invest in bitcoins. If you save but have no money then you can invest from there but if you sell a phone, and you invest then you will definitely need another phone then you will not have money. But if you want to invest Bitcoin then you must first work hard and earn your money then invest it will be able to bring you maximum success. Why iPhone is not a big thing, but you must have a mobile or laptop to invest if you sell mobile then if there is no such thing then there will be nothing to invest so it is a wrong decision. But if you invest then definitely use your savings, it will pay you good amount in future. Also, you must use DCA method before investing as it will always free you rather you will not face losses.

[dderekwalcott]

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.

Even people who have mastered trading still lose money while trading, which is why trading is not something a newbie should practice because he or she will lose his money. Of course, traders are high-risk takers because they will be making little profit from bitcoin by buying at a low price and selling at a high price in the short term. Which I think is not a good strategy towards owning a bitcoin because you might miss out on bitcoin when you buy bitcoin at a low price and sell it at a high price and still wait for bitcoin to dip so that you can buy it again, but the bitcoin price refuses to dip and keeps making an upward trend to the point where you cannot buy it again. It is not just for beginners to accumulate bitcoin, but they should make sure before they start accumulating bitcoin they have a source of income that they will use, like 10% of their income to accumulate bitcoin every week or month, and they should also keep an emergency fund to take care of their financial needs after they start their bitcoin accumulation journey with the DCA strategy, so they will not sell their bitcoins at a loss because there is no more money to take care of their financial needs.

In the world of investing wait for the perfect financial situation before taking the plunge can often lead to missed opportunities.Instead of focusing solely on having a comfortable emergency fund before investing, consider adopting a "dip and hold" strategy that allows you to start small and gradually build wealth over time.Many investors fall into the trap of waiting until they have a substantial amount saved up before considering investments.However,this mindset can hinder financial growth and delay the achievement of long-term goals. Instead,think about how much income you have coming in regularly whether it's daily,weekly,or monthly and allocate a portion of it towards investments.With the "dip and hold" approach,you divide your income into segments one for emergency expenses, another for daily needs,and the remaining portion for investments.By setting aside a portion of your income for investments regularly,you can start building a portfolio even with a modest amount of savings.One key aspect of the "dip and hold" strategy is to remain committed to your investment plan,especially during market downturns or fluctuations.During periods of market volatility,it's tempting to panic and sell off investments to mitigate losses.However,staying disciplined and holding onto your investments during dips can often lead to greater returns in the long run.By consistently investing a portion of your income and holding onto your investments during market downturns,you can take advantage of buying opportunities when prices are low and potentially reap the rewards when markets rebound.This approach not only helps you start building wealth with limited savings but also instills the discipline needed to navigate the ups and downs of the investment landscape.In conclusion,the "dip and hold" strategy offers a practical approach to investing that allows you to start small and gradually build wealth over time.By allocating a portion of your regular income towards investments and remaining committed to your investment plan during market fluctuations,you can set yourself on the path to financial success while avoiding the pitfalls of waiting for the perfect financial situation before investing.

[ultrloa]

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.

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out. Do not allow FOMO to make you accumulate bitcoin when you have no source of income. Before you accumulate your bitcoin, make sure you have a place where you are getting money weekly or monthly to enable you to keep an emergency fund that you will use to settle your financial needs so that you can accumulate your bitcoin without depending on your bitcoin holdings to take care of your financial challenges.

For the fact that market is volatile we should plan each action we want to take since if we rush all things since we got FOMO on certain situation then provably we will fail by the time we acquire our bitcoin since provably we can face something negative especially if market declines and for sure we don't want to see that.

That's why its really better to widen up our knowledge first and learn each strategy mentioned by a lot of people for us to try so that we can develop something that can possible help us regarding on what path we are going to take. And once we experience a lot of things here especially on our trades for sure at that time we will not get bothered about market events and we will be in focus on the timeline we set or either we want to trade using DCA or strategy or we don't give a shit on anything and all we want is to hold.

[Tmoonz]

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Your statement is very correct because if an individual want everything to be so perfect before they invest, they will most likely not invest. In economics,  we were thought that human needs are insatiable. This means the more you try to satisfy your needs the more new things comes up. Besides, technology and innovation is improving a lot of things so every now and then new and better things comes up. This is the reason some people change their phone as soon as new model is launched like in the case of iPhone.

To be able to invest in Bitcoin, we must know where to draw the line between what is most important and what is not. There should be some level of discipline we must imbibe for the greater good. For instance, if I already have a phone that is fine and can do main thing I need a phone for, no need of changing it to a higher version that can also do the same thing when I can simply use the money and buy Bitcoin. Such a phone is not a basic need,  so it can wait and that craving will just be one of the sacrifices I have to pay to be able to invest in Bitcoin and secure my future.

So it is important to identify the basic needs, set some funds aside for them, keep some for emergency and then one can start investing in Bitcoin. Other things can be varied and must not be done so one can actually build for the future.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.

for most persons saying they don't have money to invest in bitcoin the reason could be that they don't know it doesn't take a thousands of dollars to invest in bitcoin, yes am saying this because many do not know that a single Bitcoin is made up of 100 million smaller units know as satoshi of which they can possibly buy a fraction of it.

On the other hand most person have made a mistake of starting there Bitcoin journey without having a source of income flow, selling a gadget, electronics or whatever to start a bitcoin investment is not just enough, it has been discussed severally in this thread that having a source of income flow and a provisional reserved and emergency funds is paramount after meeting up our basic needs.
And that is the only way you can be successful in your bitcoin accumulation journey unless selling of your property or properties is to start or add up to your existing business which will be giving you steady income flow. If is on the part of starting a new business, the money sold from your property should be divided in to three where one part will be use for your up keep, the second part for business and the part for your Bitcoin investment, if in the case of an existing business the money sold from your property should also be shared in to three one allocated to your business for full back up the other for personal needs and lastly for your Bitcoin investment through your DCA strategy which could be weekly or monthly, I think this is the best way to go about it because you now have a backup for both your personal needs, your business and your Bitcoin investment.

[Mayor of ogba]

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.

Even people who have mastered trading still lose money while trading, which is why trading is not something a newbie should practice because he or she will lose his money. Of course, traders are high-risk takers because they will be making little profit from bitcoin by buying at a low price and selling at a high price in the short term. Which I think is not a good strategy towards owning a bitcoin because you might miss out on bitcoin when you buy bitcoin at a low price and sell it at a high price and still wait for bitcoin to dip so that you can buy it again, but the bitcoin price refuses to dip and keeps making an upward trend to the point where you cannot buy it again. It is not just for beginners to accumulate bitcoin, but they should make sure before they start accumulating bitcoin they have a source of income that they will use, like 10% of their income to accumulate bitcoin every week or month, and they should also keep an emergency fund to take care of their financial needs after they start their bitcoin accumulation journey with the DCA strategy, so they will not sell their bitcoins at a loss because there is no more money to take care of their financial needs.

In the world of investing wait for the perfect financial situation before taking the plunge can often lead to missed opportunities.Instead of focusing solely on having a comfortable emergency fund before investing, consider adopting a "dip and hold" strategy that allows you to start small and gradually build wealth over time.Many investors fall into the trap of waiting until they have a substantial amount saved up before considering investments.However,this mindset can hinder financial growth and delay the achievement of long-term goals. Instead,think about how much income you have coming in regularly whether it's daily,weekly,or monthly and allocate a portion of it towards investments.With the "dip and hold" approach,you divide your income into segments one for emergency expenses, another for daily needs,and the remaining portion for investments.By setting aside a portion of your income for investments regularly,you can start building a portfolio even with a modest amount of savings.One key aspect of the "dip and hold" strategy is to remain committed to your investment plan,especially during market downturns or fluctuations.During periods of market volatility,it's tempting to panic and sell off investments to mitigate losses.However,staying disciplined and holding onto your investments during dips can often lead to greater returns in the long run.By consistently investing a portion of your income and holding onto your investments during market downturns,you can take advantage of buying opportunities when prices are low and potentially reap the rewards when markets rebound.This approach not only helps you start building wealth with limited savings but also instills the discipline needed to navigate the ups and downs of the investment landscape.In conclusion,the "dip and hold" strategy offers a practical approach to investing that allows you to start small and gradually build wealth over time.By allocating a portion of your regular income towards investments and remaining committed to your investment plan during market fluctuations,you can set yourself on the path to financial success while avoiding the pitfalls of waiting for the perfect financial situation before investing.

We all know bitcoin investment is a long-term investment for like 4-5 years before you can benefit from it. People who have what gives them money daily, weekly, and monthly are very much allowed to start accumulating bitcoin without running into financial problems because they can save an emergency fund anytime they receive their money to be used to take care of their financial needs while they accumulate bitcoin with the DCA strategy. But people who do not have what gives them money daily, weekly, and monthly should not rush to invest in bitcoin because they cannot save up emergency funds they will use to take care of financial challenges, and we depend on their bitcoin investment to survive when the money they managed to save before they started accumulating bitcoin has finished. As a newbie, stick with accumulating bitcoin with the DCA strategy to enable you to buy bitcoin at different prices and reduce the volatile part of bitcoin in your holdings, but if bought at the dip and it continues dipping, you will be angry by the little loss you experience in your bitcoin holdings because you are new to it and might even make you sell your bitcoin at a loss.

[Justbillywitt]

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Your statement is very correct because if an individual want everything to be so perfect before they invest, they will most likely not invest. In economics,  we were thought that human needs are insatiable. This means the more you try to satisfy your needs the more new things comes up. Besides, technology and innovation is improving a lot of things so every now and then new and better things comes up. This is the reason some people change their phone as soon as new model is launched like in the case of iPhone.

To be able to invest in Bitcoin, we must know where to draw the line between what is most important and what is not. There should be some level of discipline we must imbibe for the greater good. For instance, if I already have a phone that is fine and can do main thing I need a phone for, no need of changing it to a higher version that can also do the same thing when I can simply use the money and buy Bitcoin. Such a phone is not a basic need,  so it can wait and that craving will just be one of the sacrifices I have to pay to be able to invest in Bitcoin and secure my future.

So it is important to identify the basic needs, set some funds aside for them, keep some for emergency and then one can start investing in Bitcoin. Other things can be varied and must not be done so one can actually build for the future.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.

for most persons saying they don't have money to invest in bitcoin the reason could be that they don't know it doesn't take a thousands of dollars to invest in bitcoin, yes am saying this because many do not know that a single Bitcoin is made up of 100 million smaller units know as satoshi of which they can possibly buy a fraction of it.

On the other hand most person have made a mistake of starting there Bitcoin journey without having a source of income flow, selling a gadget, electronics or whatever to start a bitcoin investment is not just enough, it has been discussed severally in this thread that having a source of income flow and a provisional reserved and emergency funds is paramount after meeting up our basic needs.
And that is the only way you can be successful in your bitcoin accumulation journey unless selling of your property or properties is to start or add up to your existing business which will be giving you steady income flow. If is on the part of starting a new business, the money sold from your property should be divided in to three where one part will be use for your up keep, the second part for business and the part for your Bitcoin investment, if in the case of an existing business the money sold from your property should also be shared in to three one allocated to your business for full back up the other for personal needs and lastly for your Bitcoin investment through your DCA strategy which could be weekly or monthly, I think this is the best way to go about it because you now have a backup for both your personal needs, your business and your Bitcoin investment.

There are some properties that are liabilities instead of an asset. When someone has a property that is a liability and the person choose to dispose the property and invest the money in bitcoin, I don't think there is a problem with that. Not really that the person is jobless or don't have any means of steady flow of income. Some people dispose their assets which are seen as liability and use the money for a lump sum buy in bitcoin.

[teamsherry]

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Your statement is very correct because if an individual want everything to be so perfect before they invest, they will most likely not invest. In economics,  we were thought that human needs are insatiable. This means the more you try to satisfy your needs the more new things comes up. Besides, technology and innovation is improving a lot of things so every now and then new and better things comes up. This is the reason some people change their phone as soon as new model is launched like in the case of iPhone.

To be able to invest in Bitcoin, we must know where to draw the line between what is most important and what is not. There should be some level of discipline we must imbibe for the greater good. For instance, if I already have a phone that is fine and can do main thing I need a phone for, no need of changing it to a higher version that can also do the same thing when I can simply use the money and buy Bitcoin. Such a phone is not a basic need,  so it can wait and that craving will just be one of the sacrifices I have to pay to be able to invest in Bitcoin and secure my future.

So it is important to identify the basic needs, set some funds aside for them, keep some for emergency and then one can start investing in Bitcoin. Other things can be varied and must not be done so one can actually build for the future.

Same thing can also be said for those who are using bigger or more than one gadgets but don't have any investment in bitcoin. When you ask them why they don't own a bitcoin they will say I don't have money to invest but, I will invest when money comes. Why wait for when money will come when you can dispose one of the phones. For instance someone using iPhone 14 or 15 with a Samsung phone and is still waiting for money to invest in bitcoin. Such a person can sell one of the phones and use the money realized and invest in bitcoin. He/she will still have one phone left and his life won't be negatively affected and he has also started his bitcoin journey. When more money comes in he can keep buying more. Instead waiting such person has taken action in the right direction.

for most persons saying they don't have money to invest in bitcoin the reason could be that they don't know it doesn't take a thousands of dollars to invest in bitcoin, yes am saying this because many do not know that a single Bitcoin is made up of 100 million smaller units know as satoshi of which they can possibly buy a fraction of it.

On the other hand most person have made a mistake of starting there Bitcoin journey without having a source of income flow, selling a gadget, electronics or whatever to start a bitcoin investment is not just enough, it has been discussed severally in this thread that having a source of income flow and a provisional reserved and emergency funds is paramount after meeting up our basic needs.
And that is the only way you can be successful in your bitcoin accumulation journey unless selling of your property or properties is to start or add up to your existing business which will be giving you steady income flow. If is on the part of starting a new business, the money sold from your property should be divided in to three where one part will be use for your up keep, the second part for business and the part for your Bitcoin investment, if in the case of an existing business the money sold from your property should also be shared in to three one allocated to your business for full back up the other for personal needs and lastly for your Bitcoin investment through your DCA strategy which could be weekly or monthly, I think this is the best way to go about it because you now have a backup for both your personal needs, your business and your Bitcoin investment.

I think if a person doesn't have money to invest or Start his bitcoin journey, the best thing for him or her to do is yo be patient cause as you said selling a gadget to making any hasten decisions would not solve the problem especially if this person would want be buying regularly and doing his investment in a proper and calculated manner, having a cashflow is the first basis of investment either your earning salary or you own a business, allow me to deviate a little, a little after I joined this thread I started reading books on investment and I came across this book cashflow quadrant by Robert t. Kiyosaki, he is popular in some regions, he teaches mainly on real estate investment and from what I've read, the most important part of starting an investment is to have a cashflow. So if thsi person really wants to start his investment journey what he should do is get himself a job that can pay him even a minimal of 30-50$ weekly that he could start to plan out himself, and since his just starting and in his case, it would be good he start to save up his emergency funds first while he looks forward to rising his cashflow may 3 months of emergency funds savings then he could start up his investment.

It's all about patience cause if he starts hastily, he would end up in regret or later failing to really hold. Comfort first then investment.