Buy the DIP, and HODL!

[Hewlet]

As a newbie who is making your first investment in bitcoin, I expect your first buy to be in lump sum or possibly an aggressive buy in order to have a reasonable amount of bitcoin in your portfolio.

for most newbie, the DCA method would be the best approach they will consider as a means of accumulating Bitcoin but it's going to be difficult for a newbie to start his bitcoin accumulation journey with a huge purchase because they are just new to the system and are more concerned on how not to expertience serious loss because most of them are not just new to the forum but are new to the bitcoin industry and would want to invest small amount first while they monitor to see that they get the first returns that will serve as a motivation to enable them accumulate more.

I'm not saying a newbie can't start his bitcoin journey with huge purchase because in the real sense the amount of bitcoin one accumulate is more about how financially strong one his and ones ability to taking a reasonable risk.

[1714830226]

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[Manlikefrank1]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost.But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit.imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin.but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

[Salahmu]

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

The concept or principle of Bitcoin investment doesn't state that everyone most have enough or sufficient knowledge before they could start investing on Bitcoin because in times of Bitcoin investment there is no fundamental analysis you should know before investing, perhaps that's one of the good things about Bitcoin investment because unlike most investment were you will need to have a very good knowledge about it before starting but however in times of Bitcoin you don't need much of that because you can start investing even when you don't no much about it and the strategy to use, however the introduction of DCA method became a game changer for so many persons who are looking for a strategy and also those that feels that there accumulation budget is too small for them to start the Bitcoin journey can now invest through DCA strategy with the believe that they will surely get to there destination in Bitcoin in the future.

[GbitG]

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

Yeah, obviously, bro, this is true that Bitcoin is always gives you the opportunity to buy because Bitcoin is highly volatile and their price movements are not always the same. I mean, Bitcoin always provides opportunities for investors to participate in it. When Bitcoin rises, it does not mean that the price went up and will not fall again, that is, it will not give you an opportunity to enter again, but Bitcoin gives you good opportunities every time you take an entry. This is our example. It is clear that when Bitcoin was 37k in 2022, no one expected that the price of Bitcoin would go to $16,625.08 on January 1, 2023. When it actually happened, everyone was surprised. So it means to say that Bitcoin always gives you the opportunity to take entry.

[ginsan]

How easy it is for beginners who really want to learn how to invest well in Bitcoin and how to manage money well in long-term investments.

Below I present an article for you to study if your intention is to really understand Bitcoin and invest in Bitcoin.
 https://www.coindesk.com/learn/what-is-bitcoin-dollar-cost-averaging-a-beginners-guide/

The hope of achieving profits is always the main point in every investment we make. So, in Bitcoin investment, we also have high hopes for the future, or to be precise, when our investment target is achieved. On the previous page there was something that said about mentality/psychology and of course that must be eliminated when investing in Bitcoin. If you are burdened with a thought, of course you will act on an unexpected decision in the middle of your investment journey. Maybe to prevent this, you have to be prepared to invest with a small budget from your monthly income and when you are mentally ready, you can budget larger funds to accumulate Bitcoin.

Apart from that, if a plan fails in the middle of the road, that shouldn't happen to us. Yes, unexpected things often happen in our lives and one of the best things not to disrupt our investment planning is of course to invest with money that is not used for other needs. Everyone may have made mistakes but they learn not to repeat them and that is a turning point to achieving success in their investments. Tell me honestly, if you still have doubts about Bitcoin then you are at a crucial period in your life, doubts must be removed to change your thinking about investing in Bitcoin as part of investing in our old age. In Bitcoin investment you start from the short term and change to the long term and become more successful in the future. Keep buying regularly, even if it's in small amounts, but over time you will see larger BTC holdings in your portfolio.

[Tmoonz]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,

Mate, you don't have to be an expert or have technical skills before investing in Bitcoin, you can invest in Bitcoin having a basic understanding by setting out your goals and objectives by considering the following factors

1. Your income flow

2. Method of buying, (lump sump) or dca

3.setting out your emergency funds, reserves and float of which you are going to learn more as time progresses.

But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.

Having it in mind that every investment comes with it's shares of gain and lost(risk) gives you a certain level of preparation being ready to accept the risk part of it and not only looking at the profit side of it, having this in mind will give you that emotional rest needed to grow your asset.

but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.

How do you determine the perfect dip? The drop in price should be seen as an added advantage to even accumulate more Bitcoin in your portfolio and maximize profit at the end. Monitoring the market movement is mostly done by the short term investors whose aim is only to maximize profits within the shortest frame, whereas the discussion is about strategies of accumulating Bitcoin for a long term investment. The DCA strategy gives investors the opportunity to purchase Bitcoin at any time and price and accumulate more when in dip and hodl for future profit maximization.

[avp2306]

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

The concept or principle of Bitcoin investment doesn't state that everyone most have enough or sufficient knowledge before they could start investing on Bitcoin because in times of Bitcoin investment there is no fundamental analysis you should know before investing, perhaps that's one of the good things about Bitcoin investment because unlike most investment were you will need to have a very good knowledge about it before starting but however in times of Bitcoin you don't need much of that because you can start investing even when you don't no much about it and the strategy to use, however the introduction of DCA method became a game changer for so many persons who are looking for a strategy and also those that feels that there accumulation budget is too small for them to start the Bitcoin journey can now invest through DCA strategy with the believe that they will surely get to there destination in Bitcoin in the future.

It maybe doesn't state anything but actually as a investor you need to get more knowledge so that you will not fall down on some technicalities happen on the market and you can do any action regarding to what you are experiencing.

To many times market doesn't move the way how we like to see that's why its good to have great knowledge about something so we can shift our strategy to other that might work so that we can maximize our potential profit for sometime we execute our trade or on the time we aim or set.

DCA strategy is really a game changer since it make trading somehow easy for people who have less knowledge about trading and if they enhance more their trading skills for sure there would be a lot of potential for them to earn and be bullish.

[Mrbluntzy]

but what else can we plebs do? Buy the dip, and HODL! You do not want to end up empty handed on the next cycle, https://twitter.com/misir_mahmudov/status/1118243131584065537

Always zoom out if in doubt, https://bitcoin.zorinaq.com/price/

Yes, I don't want to end up with empty hands in the next circle that's why I am buying small chunks of Bitcoin.  Since I am a student and not yet working to earn a real salary, the small Bitcoin I hold was purchased with the money I saved  out of my parents gift to me. When I receive money from my parents and family relatives, I used some and invest some in Bitcoin, the money is not enough to buy too many chucks but I only buy the amount I can afford now and I will hold it for a long time. Even after I graduate from school and start earning salary, I will be buy more Bitcoin every month and hold it.

[Callido]

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

The concept or principle of Bitcoin investment doesn't state that everyone most have enough or sufficient knowledge before they could start investing on Bitcoin because in times of Bitcoin investment there is no fundamental analysis you should know before investing, perhaps that's one of the good things about Bitcoin investment because unlike most investment were you will need to have a very good knowledge about it before starting but however in times of Bitcoin you don't need much of that because you can start investing even when you don't no much about it and the strategy to use, however the introduction of DCA method became a game changer for so many persons who are looking for a strategy and also those that feels that there accumulation budget is too small for them to start the Bitcoin journey can now invest through DCA strategy with the believe that they will surely get to there destination in Bitcoin in the future.

One thing about Bitcoin is no matter how knowledgeable we think we are, can never be sufficient through out our Bitcoin journey, the more we keeping using and accumulating Bitcoin with time the better we grow further in understanding much more about Bitcoin.

Secifically down to Bitcoin investment the DCA approach is considerate enough for everyone, with no need for any further analysis and perfect timing, since the strategy is accumulating Bitcoin at specific regular intervals without considering the current price. The DCA appproach is just about keep buying and adding to one's portfolio without monitoring the value whether a DIP or pump.

[Moreno233]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.

We are not discussing trading here my dear Frank. Technical knowledge is for people doing day trading whose focus is the perfect entry and exit. What we are discussing and practicing is long term investment which involves how to buy and hold Bitcoin in such a manner that the buying is effortless and the holding without pressures.

most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost.But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit.imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin.but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

Like I already said before, seems you are mistaken the discussion here for trading because all you have explained so far is Bitcoin trading that is executed and settled within a very short interval of time. If you check the caption of this thread which is "Buy the DIP, and HODL!", you will realize you have deviated so much from the topic of discussion.

According to what have been discussed here so far, even newbies can buy and hold Bitcoin. They don't need complex knowledge and complicated mastery of the price movement of Bitcoin to be able to buy and hold Bitcoin. The DCA method have been properly explained and many newbies are already taking advantage of it to build their Bitcoin portfolio. It is not necessary to make it too confusing and complex!

[Tmoonz]

It maybe doesn't state anything but actually as a investor you need to get more knowledge so that you will not fall down on some technicalities happen on the market and you can do any action regarding to what you are experiencing.

For me I think there should be specifications as regards to what you meant by more  knowledge and technicalities because it has been said severally that having a basic understanding is quite ok to go and learn other necessary
Things as time progresses.

To many times market doesn't move the way how we like to see that's why its good to have great knowledge about something so we can shift our strategy to other that might work so that we can maximize our potential profit

Every good investor must performs a risk assessment to know if it is at his comfort before venturing in to it and know that things might not perfectly work the way he planned  all the time being ready for all this will make an investor to make corrections where and when necessary and know that investment is  not only about maximizing profit that there can be lost too.

DCA strategy is really a game changer since it make trading somehow easy for people who have less knowledge about trading and if they enhance more their trading skills for sure there would be a lot of potential for them to earn and be bullish.

Trading is more complex and more like a gambling  of mostly for quick profit maximization which is not supported or encourage in the thread, the concept is more about Bitcoin accumulation strategies for long term investment and not trading of any kind.

[Obim34]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost.But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit.imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin.but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

There are far more stuffs for you to really comprehend. Do you mean buying the DIP? for you deciding to hold your money to be invested only to monitor the price of the market before accepting to begin investing is not totally part of the DCA strategy.

Even during the DIP with the price drops , accumulating at this time is commonly known as buying the DIP of the market and holding for as long as it takes the price to move higher than the purchasing price before wanting to sell, unlike the DCA strategy where measures of price analysis and many other factors are not needed, just a matter of keeping up ahead with the slated amount of Bitcoin to purchase at the intervals. Either daily, weekly or monthly it requires no perfect knowledge and understanding.

[Agbamoni]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost.But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit.imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin.but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

At first you said for a beginner the technical knowledge is a criteria before thinking about investing in bitcoin. But the techniques and well structured investment plans can be really difficult for a beginner to practice on the first day they got to invest in bitcoin. You don't necessarily need deep or much understanding of the technical part to invest in bitcoin. However, along the line the more you continue to learn about bitcoin and having experiences while you manage your investment. The more familiar you begin to grasp good strategy for your investment and make good financial decisions to strengthen your accumulation. if you have a target.

Just like i have said earlier if you are going to invest in bitcoin for long term then you dont need much technical knowledge but perhaps you have the intention to regularly buy rhen sell your Bitcoin then you need to learn the require skill so you can be good at it. But actually that is not the topic of discussion. Our concentration is how we can accumulate bitcoin and hold them for long term purposes.

[Churchillvv]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge. most people engaging in bitcoin are uninformed money users, which don’t have any good knowledge about bitcoin, but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made. In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost. But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost. but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit. imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin. but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

Hey buddy! first before I digest everything you have said, I will advise you to make use of some good AI tools to give your writings a better meaning. I suppose it's exhausting to start editing your post before I can write a valid comment on it. You can use Grammarly and Quilbot Grammer checker to correct your grammatical errors.

In the aspect of Bitcoin Investment which is a core part of our discussion I do not see a relationship with technical knowledge and Bitcoin Investment because currently anyone can invest in Bitcoin without so much knowledge of it yet. as they say experience is the best teacher in this context ad long as one starts Bitcoin Investment with a minimum amount as time goes on he/she will get aquatinted with Bitcoin knowledge gradually as long as they practice. so having technical knowledge is absolutely not part of the discussion, I see that you're a newbie so you will still find it hard to understand everything that's is being discussed here, although before diving into the discussion you should have read at least 1 - 3 pages of he thread to get a clue of what's being discussed and at least 2 of the last pages then you will comprehend gradually.

This should cover almost every part of what you said wrong. Bitcoin volatile nature has brought about some critical thinking that lead to some purchase strategies that are currently keep the ships sailing with low risk and profit certainty if only held for a long term and this strategies are called DCA (dollar cost averaging), Lump Sum and buying the dips which was the intention of wind_fury for creating this thread. amongst all of this strategies DCA is the most convenient that allows investors but high knowledge and low knowledged invertors to invest and profit from the management without much worries. this strategy eliminates your fear which is the price of Bitcoin moving the opposite direction. those who invest through DCA do not worry about the market volatility anymore because they accumulate Bitcoin gradually with some certain amount and with this they put themselves inorder and do not panic when the market moves to a depreciating direction. if you want to know more about this strategies you can visit search for threads like JJG's Outline of Bitcoin Investment Ideas. https://bitcointalk.org/index.php?topic=5376945.0

[Troytech]

How easy it is for beginners who really want to learn how to invest well in Bitcoin and how to manage money well in long-term investments.

Below I present an article for you to study if your intention is to really understand Bitcoin and invest in Bitcoin.
 https://www.coindesk.com/learn/what-is-bitcoin-dollar-cost-averaging-a-beginners-guide/

The hope of achieving profits is always the main point in every investment we make. So, in Bitcoin investment, we also have high hopes for the future, or to be precise, when our investment target is achieved. On the previous page there was something that said about mentality/psychology and of course that must be eliminated when investing in Bitcoin. If you are burdened with a thought, of course you will act on an unexpected decision in the middle of your investment journey. Maybe to prevent this, you have to be prepared to invest with a small budget from your monthly income and when you are mentally ready, you can budget larger funds to accumulate Bitcoin.

Apart from that, if a plan fails in the middle of the road, that shouldn't happen to us. Yes, unexpected things often happen in our lives and one of the best things not to disrupt our investment planning is of course to invest with money that is not used for other needs. Everyone may have made mistakes but they learn not to repeat them and that is a turning point to achieving success in their investments. Tell me honestly, if you still have doubts about Bitcoin then you are at a crucial period in your life, doubts must be removed to change your thinking about investing in Bitcoin as part of investing in our old age. In Bitcoin investment you start from the short term and change to the long term and become more successful in the future. Keep buying regularly, even if it's in small amounts, but over time you will see larger BTC holdings in your portfolio.

IMO we don't necessarily need to start from short term and change to  long term, although this happens to be the case for some investors who never knew the advantage of long term investment and the use of DCA strategy that eliminates the tension from checking the charts all the time to time our investment and deal with market volatility.

We can start with really small budget for our DCA making it cost friendly and we can also increase our budget as we continue to gain confidence and want to increase our portfolio. With DCA method making mistakes won't be such a big deal cause you can easily correct it, and also it gives us the flexibility to allocate our funds in building other necessary things like our emergency funds which would enable us not to dip our hands back in our investment and building up Good reserves and floats.

Let's look at an example of how DCA can help us accumulate bitcoin. Mr X, has a total income of 50000$ monthly and already has a habit of savings and preparing for emergency since before he started out his bitcoin journey , but he starts our late so has already defined that he wants to accumulate bitcoin for, and since he has a short time of 5 years to accumulate Let's say about a minimum of 8 bitcoin and he favours to use the DCA  strategy since he doesn't know how to use any other strategy, he decided to allocate about 50% of his income which is 25000$ for a month, he divdes them equally for 4 intervals for the month, let's also assume that the current bitcoin price during his first month of accumulation was 50000$ -45000$, and he ends up buying his first week at 49000$ for 6250$, he ends up accumulating about 12.7% for 0.127 bitcoin on his first week, and the next week the price of bitcoin dropped a little to 46,000$ and he buys again for 6250$ for 13.58% of bitcoin and he accumulates a total of 0.1358 bitcoins for the second week , and let's say the 3rd week he bought for 48,000$ for same allocation he buys about 13% for 0.132 bitcoins and the last week of the month he buys at 50,000$ for 6250$ for 0.125 bitcoins. His total bitcoin accumulated for the week would be 0.5198 bitcoin for an average price of 48, 250$ of bitcoin.

So that's how DCA works, like in my senerio he accumulates more bitcoin with DCA there could be other senerios where the price continues to rise per intervals and he won't accumulate as much or when price reduces and he accumulates even more.

[JayJuanGee]

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

Yeah, obviously, bro, this is true that Bitcoin is always gives you the opportunity to buy because Bitcoin is highly volatile and their price movements are not always the same. I mean, Bitcoin always provides opportunities for investors to participate in it. When Bitcoin rises, it does not mean that the price went up and will not fall again, that is, it will not give you an opportunity to enter again, but Bitcoin gives you good opportunities every time you take an entry. This is our example. It is clear that when Bitcoin was 37k in 2022, no one expected that the price of Bitcoin would go to $16,625.08 on January 1, 2023. When it actually happened, everyone was surprised. So it means to say that Bitcoin always gives you the opportunity to take entry.

You can always participate in bitcoin, but it does not meant that at any particular time that any of us is considering entering bitcoin that there is going to be any advantage in waiting and/or that an "obvious" entry point will present itself.

There is an expression that it likely pretty close to being true, and that is that the best time to enter bitcoin was yesterday, and the second best time to enter bitcoin is today. 

In other words, the mere fact that the BTC price has historically dipped and/or provided unexpected dip prices does not mean that it is going to happen to the degree that any of us is going to clearly and unambiguously be able to recognize such dip as an entry point.

[michellee]

In this world of cryptocurrency especially bitcoin you need to have your technical knowledge.most people engaging in bitcoin are uninformed money users,which don’t have any good knowledge about bitcoin,but if you are a smart money investor you will know when to purchase an asset when its price drops and holding onto it until there's a significant price increase and profit made.In in our society when engaging in bitcoin you need to crucial because of exchange rate and not to be at lost.But before you decide to “buy the dip,” you need to be fairly certain that the asset's price will rebound and not continue to decrease because you will be at lost.but to to able to engage in bitcoin dip you need to have good steady income to engage in it passively and to make profit.imagine those who bought bitcoin at the rate of 40k and which it decreases to 16k and should it would have been in lost .so have many income level it’s important before join bitcoin.but those who hold and waited till it raise will make profit.so engaging in this activity of bitcoin you need to have patience and good income level to succeed

There are far more stuffs for you to really comprehend. Do you mean buying the DIP? for you deciding to hold your money to be invested only to monitor the price of the market before accepting to begin investing is not totally part of the DCA strategy.

Even during the DIP with the price drops , accumulating at this time is commonly known as buying the DIP of the market and holding for as long as it takes the price to move higher than the purchasing price before wanting to sell, unlike the DCA strategy where measures of price analysis and many other factors are not needed, just a matter of keeping up ahead with the slated amount of Bitcoin to purchase at the intervals. Either daily, weekly or monthly it requires no perfect knowledge and understanding.

Buying at DIP is difficult because we don't know when the price will be at DIP. He can only predict at what price the DIP will reach but will not know whether it is a DIP or will still decline again.

But when he chooses the DCA method, he doesn't need to look for DIP because he just buys Bitcoin regularly. That would allow him to lower his average purchase price. Besides, he didn't need to think about analysis or other factors.

Maybe he needs to compare buying Bitcoin during the DIP and buying Bitcoin using the DCA method. But before he buys during the DIP, he needs to analyze the price movement first. He will see which is more profitable to buy Bitcoin.

[smelody]

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

Yeah, obviously, bro, this is true that Bitcoin is always gives you the opportunity to buy because Bitcoin is highly volatile and their price movements are not always the same. I mean, Bitcoin always provides opportunities for investors to participate in it. When Bitcoin rises, it does not mean that the price went up and will not fall again, that is, it will not give you an opportunity to enter again, but Bitcoin gives you good opportunities every time you take an entry. This is our example. It is clear that when Bitcoin was 37k in 2022, no one expected that the price of Bitcoin would go to $16,625.08 on January 1, 2023. When it actually happened, everyone was surprised. So it means to say that Bitcoin always gives you the opportunity to take entry.

This strategy stand on the belief that market downturns or temporary price declines present buying opportunities. For fundamentally strong assets.
I hope its a similar of gold market. The price of bitcoin increased almost 40 thousand times in the last 14 years. It is a bridging of demand with time.

[Antonil]

As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

[salad daging]

JayJuanGee, yes, I agree they can learn with time. Some investors have done it and they have really succeeded in developing their investment skills even to the expert level. It all starts with interest, they can develop strategies and abilities over time, and I admit that. Thinking too hard before starting allows someone to get scared and abandon their intention because they feel they are not ready to take the risk, but starting from something small for example $10 per week or $40 per month can make them more courageous in their steps forward.

The hardest thing here is to control emotions and psychology. There are many external influences that can make an investor change his plans midstream, including friends or family. Sometimes that is the reason why we don't need to tell our friends and family about investment plans, they can influence us not to take big risks regardless of their support for the final decision. Starting small and going big is much better than the other way around.

When the interest is ready then we can do it slowly from small capital, I think with this capital we can feel how the skills we have and continue to improve the strategy over time because with the small money that goes into BTC then you will not be tense but rather a process where we can adjust to a larger level of money later (said to be aggressive), $10 per week then after running 1 year it can be above $50 because it has adjusted to the skills, DCA strategy applied so far.

The most important thing is that we must be able to control emotions and psychology because this is not only about those in trading in investment they will definitely feel this, but I think in investment emotions will not be too high as long as you have healthy funds in addition to investment funds then it will be quite safe with the investment plan that is run.

The point is that emergency funds must be there when there are family or friends who need us not to disturb the investment so that it is not damaged in the middle of the road.