Buy the DIP, and HODL!

[Hewlet]

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. 

i kind of like the mentality that the statement "the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.

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.

this has been the peril of so many persons that are waiting for the price of the DIP to get to a certain price before they will buy. It's not bad to set a range of price one will buy but once you're just too concerned on the entry point before buying, it makes you more of a trader rather than you buying for the purpose of holding. It's

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[Litzki1990]

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.

When an investor has a lot of confidence in the investment and when he becomes very eager to invest then he invests with so much effort. Earning in student life is difficult but not without appreciating the thinking of those who think about the future in this student life. Since there is not much chance of income in student life, every student has to live with money from family. A student doesn't get much money from the family yet there are some students who keep saving that little money and with that little money they invest in Bitcoin. That is, in student life they are investing in order to get something good out of the investment in the future rather than prioritizing the temporary pleasure of student life.  

If investing is not a problem for you then you can continue investing and investing will give you a good understanding of investing from your student life and will help you avoid wasting money on your bad activities later on. There are many more students like you who have accumulated money in various ways in their student life and are investing that money in Bitcoin. There is no need to take extra pressure, keep doing the best you can, hope this sacrifice will give you great things in the future.

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

Before investing, new investors should know what exactly DCA investment method is and how DCA investment method works. If you have an idea about DCA investment method then you are one step ahead in investing but for those new investors who have no idea about DCA investment but have heard about DCA investment I am giving some discussion about DCA investment.  

The DCA investment method is such that an investor invests in the first instance and after he invests, the price of the particular coin changes slightly and he invests again after seeing that price change. That is, the number of times the investor invests in a new way, the few times the price will differ significantly, it will be seen that the investor's high price, low price and middle price will be compromised and the investment will be strong.  

As the investment becomes strong, the risk in the investment of the investor will be greatly reduced.  Another advantage of DCA investment method is that here the investor can increase the investment as per his wish he does not need to take pressure.  
As far as I know about the DCA investment method, investors can enjoy this investment by investing in this method. So I would say DCA investment method is always the best investment method for everyone whether a new investor or an experienced investor.

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.

If you don't have any idea to invest then you have to plan your investment with minimal idea. Yes it is true that investing does not need to know everything about investing rather the investor can learn about investing while investing. However, investors must try to know about the general issues.  
For example, the investor must know how to invest, how much money to risk in investing, as well as having enough faith in the investment, that is, these things must be known to the investor and then the investment decision must be made.

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.

In DCA investment method an investor can invest whenever he wants. An investor can follow the weekly DCA investment method as well as an investor can follow the monthly DCA investment method if he wants. Apart from following the weekly and monthly investment methods, if the investor thinks that he will invest in DCA method every day, it is also possible for him because the investor has the opportunity to invest here as he wishes. Since the DCA investment method offers so many advantages to the investors, it is only natural that the investors would take this advantage.

[Popkon6]

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.

DCA strategy is the best strategy to invest in Bitcoin, it is not only an investment strategy for new investors, but all investors from old ones can use this strategy. This DCA method balances the gap between your purchased bitcoin price if you buy bitcoins. If you buy bitcoins at the bullish price and if you buy bitcoins at the current price, you must have several steps to buy, and a few price combinations to buy bitcoins. is the average DCA method.

[Publictalk792]

DCA strategy is the best strategy to invest in Bitcoin, it is not only an investment strategy for new investors, but all investors from old ones can use this strategy. This DCA method balances the gap between your purchased bitcoin price if you buy bitcoins. If you buy bitcoins at the bullish price and if you buy bitcoins at the current price, you must have several steps to buy, and a few price combinations to buy bitcoins. is the average DCA method.

You are right the DCA strategy is a good way to invest in Bitcoin. It's not just for new investors, but for all investors. The DCA method helps to reduce the impact of the market going up and down a lot. You buy Bitcoin regularly no matter what the price is. This way you can average out the price you pay over time. It reduces the risk of buying when the price is high or missing out on gains by waiting for the price to be perfect. The DCA method lets you take advantage of Bitcoin longterm growth while minimizing the impact of shortterm price changes. Overall DCA is one of the best strategy.

[Justbillywitt]

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

Holding of bitcoin does not require any method. The DCA is not a method of holding bitcoin rather it is a method of buying bitcoin at a certain interval on a regular basis.

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.

Yes as a newbie all you need is the basic knowledge of knowing how to set up your wallet and how to buy bitcoin from exchanges both Dex and Cex and knowing who to withdraw your bitcoin to your wallet. Also to know that you are not to keep your coin in an exchange for long because it's dangerous.

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.

Once again DCA is not strategy of holding bitcoin, It is a strategy of buying Bitcoin. Another mistake you are making about DCA is were you are saying, buying a fixed amount of bitcoin every week or month. Instead of fixed amount of bitcoin, it is a fixed amount of money.
If you say fixed amount of bitcoin it might be difficult to achieve it, as you will be going against your budget to buy when the price of bitcoin is high in the market. But with fixed amount of money, you can always stay in your budget and buy irrespective of bitcoin price whenever you want to buy.

[smelody]

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. 

i kind of like the mentality that the statement "the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.

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.

this has been the peril of so many persons that are waiting for the price of the DIP to get to a certain price before they will buy. It's not bad to set a range of price one will buy but once you're just too concerned on the entry point before buying, it makes you more of a trader rather than you buying for the purpose of holding. It's

Absolutely right! You said the right thing. Many are sitting to buy at DIP prices. But it may have to wait for a long time. Most people are not satisfied with the purchase. Because if you buy or sale something today, tomorrow if the price goes up or down, you will regret it.

[7juju]

While buying at a lower price can be tempting, it's important to be cautious and not rush into decisions.investing involves risk, and prices can be volatile.

I don't really know what is tempting when buying bitcoin at a lower price. Seeing bitcoin a lower price is a rare opportunity which hardly comes. So whenever you see it and you have funds available seize the opportunity and accumulate as much as you can. That's why it is always advisable to divide your investment funds into three parts, one for buying the dip, one for DCA and one for lump sum buy. So when bitcoin price is lower you use the part set aside for buying the dip and buy. This will make you to stay focused and organized.

[Ruttoshi]

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.

If anyone believe that the drop in price of btc is temporary and the fundamentals of the asset are still strong you might consider buying at the lower price.Take some time to research about this further and historical price movements. This can help you make a more informed decision about whether to buy, sell, or hold. can be taken advice from investment professionals or experienced traders about btc.

You have misunderstood the person that you quoted.

A newbie, don't need to be making research about the price movement of bitcoin history before he should buy bitcoin or need to wait for the dip before he buys. This is because all those things are waste of time. A newbie should only know the basic knowledge of bitcoin, check his income and make out plan on how much that he can use to invest in bitcoin, that will not affect his other expenses, after he must have kept his emergency funds. The the left over money should be used to start investing in bitcoin weekly or monthly using DCA method, and hodli for a very long period of time. DCA method gives you the opportunity to buy bitcoin regular irrespective of the price of bitcoin,  DCA is also used to buy at the dip if you don't have a reserved funds to buy at the dip. So there is no need to wait for the dip, that no one knows if it will play put or not.

DCA method is easy to cope with, because it gives you the opportunity to buy bitcoin in a comfortable way without pressure, and you will also have time to plan for other things. You must important thing is that you get into bitcoin Asap and continue to grow your bitcoin portfolio bit by bit by being consistent and persistent in accumulating bitcoin.

You don't need to start talking of selling at the beginning of your investment journey, because it shows that you are gambling and will run at loss, with little or no bitcoin in your portfolio, and you are not investing but trading. This is why before you start your bitcoin journey, you must consider investing in a long term, so that you can use that period to noture, grow and build your bitcoin portfolio to your bitcoin target. When you sell in your accumulation stage, you will not be able to achieve your bitcoin goal and you will lose focus on your bitcoin long term investment journey.

[Barikui1]

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. 

i kind of like the mentality that the statement "the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.

People don't actually know that one of the enemy to every investment is procrastination, someone that doesn't want to invest or is afraid of doing so will always looking for an excuse of why he hasn't done so, but they don't actually know that we are still in the early days of Bitcoin, so now is the best time to buy irrespective of the current price, all those people that have been investing into Bitcoin since from the days of 18000 to 20000usd are now in serious profit because they were confident about Bitcoin, and they never procrastinated, so I will suggest, that if anyone want to actually be intentional, then he should start acting now.

[Su-asa]

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.

Positive way to wait is when you are holding and accumulating, if one didn't buy bitcoin and he's waiting there might not be any positive news if Bitcoin keep rising.

While buying at a lower price can be tempting, it's important to be cautious and not rush into decisions.investing involves risk, and prices can be volatile.

I don't really know what is tempting when buying bitcoin at a lower price. Seeing bitcoin a lower price is a rare opportunity which hardly comes. So whenever you see it and you have funds available seize the opportunity and accumulate as much as you can. That's why it is always advisable to divide your investment funds into three parts, one for buying the dip, one for DCA and one for lump sum buy. So when bitcoin price is lower you use the part set aside for buying the dip and buy. This will make you to stay focused and organized.

This can be possible if you have money when Bitcoin is low, you have a point but we don't know when Bitcoin will low and when it's low if you don't have money to buy, just let go as it's not good to loan money because you want to buy Bitcoin at low price.
It's also tells that you must have money to buy Bitcoin if you want to invest. When bitcoin is high you have to save money and wait for it to low then you buy, Bitcoin can high any moment and low any moment that's what makes it risky, so have in mind to lose and not to gain.

[Samlucky O]

Once again DCA is not strategy of holding bitcoin, It is a strategy of buying Bitcoin. Another mistake you are making about DCA is were you are saying, buying a fixed amount of bitcoin every week or month. Instead of fixed amount of bitcoin, it is a fixed amount of money.
If you say fixed amount of bitcoin it might be difficult to achieve it, as you will be going against your budget to buy when the price of bitcoin is high in the market. But with fixed amount of money, you can always stay in your budget and buy irrespective of bitcoin price whenever you want to buy.

You are actually correct about your analysis .Bitcoin should not be bought on a specific fraction, like saying you will be buying 0.000756BTC every week. because Btc price changes overtime because that same fraction of bitcoin might change in price maybe from 0.000756 of $32 to $37 next week, which your salary remain constant. your budget for emergency will be tampered by $5, making it difficult for you to achieve your goal.

Yes as a newbie all you need is the basic knowledge of knowing how to set up your wallet and how to buy bitcoin from exchanges both Dex and Cex and knowing who to withdraw your bitcoin to your wallet. Also to know that you are not to keep your coin in an exchange for long because it's dangerous

For me I think CEX is more preferable to buy coin than Dex because of the transaction fee. Like now if you want to buy bitcoin, you buy on vex and send to Dex like a place of store and it will save you the cost.

[Fuso.hp]

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.

DCA strategy is the best strategy to invest in Bitcoin, it is not only an investment strategy for new investors, but all investors from old ones can use this strategy. This DCA method balances the gap between your purchased bitcoin price if you buy bitcoins. If you buy bitcoins at the bullish price and if you buy bitcoins at the current price, you must have several steps to buy, and a few price combinations to buy bitcoins. is the average DCA method.

When discussing long-term investments, the name of Bitcoin will definitely come up and the DCA investment method is another important investment strategy for an investor to use for long-term investments. DCA investment strategy is now the most acceptable and most accurate investment strategy for investors. In this investment strategy, the investors can easily invest as well as hold the investment according to the specific plan as they wish. People from students to professionals are currently investing in DCA investment method.  

If an investor thinks that he has to manage money to invest and if he doesn't have enough then he will never invest. After making that investment, if he changes his mind and thinks that since there is no obstacle to invest later, when I have money later, I will invest again, but start investing with the amount of money I have now. The second thought the investor has is the correct one and that is the DCA investment method.  

Many people are stuck investing in other investment strategies simply because they don't have much money to invest. However, DCA investment method gives investors the opportunity to invest with a minimum amount of money. Due to this investment strategy, an investor is no longer waiting to manage his money but is investing and can continue investing as he wishes.

~snip~

You are right the DCA strategy is a good way to invest in Bitcoin. It's not just for new investors, but for all investors. The DCA method helps to reduce the impact of the market going up and down a lot. You buy Bitcoin regularly no matter what the price is. This way you can average out the price you pay over time. It reduces the risk of buying when the price is high or missing out on gains by waiting for the price to be perfect. The DCA method lets you take advantage of Bitcoin longterm growth while minimizing the impact of shortterm price changes. Overall DCA is one of the best strategy.

DCA investment method is very simple equation and a common investor can easily understand the investment equation in this method. This investment method mainly works on making price compromises. I have enough money to invest and I invested all the money together at a certain price my entire money invest in one step profit and loss but i will come depending on that price. But if I invest the same amount in several steps, even if the market goes down, the loss will not be much.  

For example, if I make a table like this, I list the price of Bitcoin from $38,000 to $45,000. Between $38,000 and $45,000, we invest five or six times, but we have to buy bitcoins at different prices each time.  
That is, in the first step of such an investment method, I may be able to purchase an investment of $38,000, in the second step, I may be investing in $42,000, and in the third step, I may be investing in $40,000. In this case, if the price falls below $38,000, there will not be much loss. Rather, when the market goes up, there will be a compromise between these steps, but then we will make a profit, and we see that the financial risk in this type of investment is very low. So all in all DCA investment method is always best for long term investment.

While buying at a lower price can be tempting, it's important to be cautious and not rush into decisions.investing involves risk, and prices can be volatile.

I don't really know what is tempting when buying bitcoin at a lower price. Seeing bitcoin a lower price is a rare opportunity which hardly comes. So whenever you see it and you have funds available seize the opportunity and accumulate as much as you can. That's why it is always advisable to divide your investment funds into three parts, one for buying the dip, one for DCA and one for lump sum buy. So when bitcoin price is lower you use the part set aside for buying the dip and buy. This will make you to stay focused and organized.

But if we just wait for opportunities without investing, it will be difficult to seize our opportunities like this. If we are a consistent investor, we can grab all kinds of opportunities in our field. I think those who wait too long don't get investment opportunities because they can't target when they will invest. They cannot set their target because if the price goes down then they expect the market to go down further and if they go down further they expect the market to go down further thus they do not become invested. However, if that investor is in regular investment, then when the market continues to go down relatively, he will be able to use the opportunities due to continuous investment.

[Miles2006]

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.

If anyone believe that the drop in price of btc is temporary and the fundamentals of the asset are still strong you might consider buying at the lower price.Take some time to research about this further and historical price movements. This can help you make a more informed decision about whether to buy, sell, or hold. can be taken advice from investment professionals or experienced traders about btc.

You have misunderstood the person that you quoted.

A newbie, don't need to be making research about the price movement of bitcoin history before he should buy bitcoin or need to wait for the dip before he buys. This is because all those things are waste of time. A newbie should only know the basic knowledge of bitcoin, check his income and make out plan on how much that he can use to invest in bitcoin, that will not affect his other expenses, after he must have kept his emergency funds. The the left over money should be used to start investing in bitcoin weekly or monthly using DCA method, and hodli for a very long period of time. DCA method gives you the opportunity to buy bitcoin regular irrespective of the price of bitcoin,  DCA is also used to buy at the dip if you don't have a reserved funds to buy at the dip. So there is no need to wait for the dip, that no one knows if it will play put or not.

DCA method is easy to cope with, because it gives you the opportunity to buy bitcoin in a comfortable way without pressure, and you will also have time to plan for other things. You must important thing is that you get into bitcoin Asap and continue to grow your bitcoin portfolio bit by bit by being consistent and persistent in accumulating bitcoin.

You don't need to start talking of selling at the beginning of your investment journey, because it shows that you are gambling and will run at loss, with little or no bitcoin in your portfolio, and you are not investing but trading. This is why before you start your bitcoin journey, you must consider investing in a long term, so that you can use that period to noture, grow and build your bitcoin portfolio to your bitcoin target. When you sell in your accumulation stage, you will not be able to achieve your bitcoin goal and you will lose focus on your bitcoin long term investment journey.

It took me few days to understand this method called dip and hold when I started new, I found out something special about the dip and hold method, even if it's considered to be one of the best strategy when buying bitcoin it also have something so special and I believe a lot of investors have benefited from this method, investors like students, workers, low income earners, newbies etc. I'm yet to benefit like other investors but to reap this benefit needs the sacrifice of patience.
For example investors who bought earlier when bitcoin started using this strategy "dip and hold" are very Lucky, this strategy talks about the price and when to buy but surprising anyone can buy using this method at anytime and hold, that's what makes it risky but with the mindset of a long term investment you'll definitely not regret. I believe investors who never made profit using this strategy earlier never wanted a long term investment but rather a short term investment. Let's be realistic no one can actually use this method for short term and no one should actually use this method if they're looking for quick profit cause this strategy doesn't work that way.

[Moreno233]

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.

If anyone believe that the drop in price of btc is temporary and the fundamentals of the asset are still strong you might consider buying at the lower price.Take some time to research about this further and historical price movements. This can help you make a more informed decision about whether to buy, sell, or hold. can be taken advice from investment professionals or experienced traders about btc.

You have misunderstood the person that you quoted.

A newbie, don't need to be making research about the price movement of bitcoin history before he should buy bitcoin or need to wait for the dip before he buys. This is because all those things are waste of time. A newbie should only know the basic knowledge of bitcoin, check his income and make out plan on how much that he can use to invest in bitcoin, that will not affect his other expenses, after he must have kept his emergency funds. The the left over money should be used to start investing in bitcoin weekly or monthly using DCA method, and hodli for a very long period of time. DCA method gives you the opportunity to buy bitcoin regular irrespective of the price of bitcoin,  DCA is also used to buy at the dip if you don't have a reserved funds to buy at the dip. So there is no need to wait for the dip, that no one knows if it will play put or not.

The problem is that many people are trying to be too smart with Bitcoin thereby complicating what is supposed to be an easy thing. I know it is in human nature to seek for better alternatives but when that which you want to be the better alternatives turn out to be too complicated than what you are modifying, wisdom demands that you recede and take a second look, perhaps you will see the right thing to do. Anyone that go through at least two pages of this thread will already see that the target here is the buy and hold for long time and not using some complex technical analysis for immediate profit. This is why the DCA method have been supported by majority of us as it removes the need to worry about the price.

From the response of Smelody, one can easily conclude that his approach is not different from scalping strategy which is deployed in day trading of forex and other asset classes. That is really at variance with the method required for long term hold of Bitcoin

You don't need to start talking of selling at the beginning of your investment journey, because it shows that you are gambling and will run at loss, with little or no bitcoin in your portfolio, and you are not investing but trading. This is why before you start your bitcoin journey, you must consider investing in a long term, so that you can use that period to noture, grow and build your bitcoin portfolio to your bitcoin target. When you sell in your accumulation stage, you will not be able to achieve your bitcoin goal and you will lose focus on your bitcoin long term investment journey.

The provision for emergency funds will readily take care of the urge for selling. Some investors fail to setup emergency funds and that is one sure of of accumulating pressure that can lead to quick sell. I have noticed that most people who display high zeal to sell are probably over invested in Bitcoin and will easily sell at the site of profit to avoid selling at loss when they are in dare need of cash for their needs.

Those who understand the important of emergency funds will make provisions for it because it is actually a way of protecting the main investement.

[avp2306]

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.

Positive way to wait is when you are holding and accumulating, if one didn't buy bitcoin and he's waiting there might not be any positive news if Bitcoin keep rising.

Then provably they would miss a lot of chances for continue waiting for certain things that didn't come on their side. Since they are doubting to buy then I guess they are not really ready face any consequences and maybe afraid to lose their money since that's everything they have. That's why its important to settle thing needed especially bring enough funds so there's no one can bother them for deciding to buy and they can execute their orders at any price they want and for sure with that they can see a more better result that doubting on current situation which provably can make them regret on not doing any action while the price of bitcoin is quiet reachable for them.

To many people do that so we can assume that they are newbie in the scene but once they learn on how to deal with any technicalities then for sure that there would be more potential profit especially if you or they are eager to learn a lot from bitcoin.

[Promocodeudo]

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

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.

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.

Promo- are you not aware that there are investors who invest in bitcoin but do not know so much about bitcoin investment like strategy to start with or thinking about their investment. In as much as bitcoin knowledge is important not everyone is expected to go deeper in the knowledge. As a beginner who had just heard about bitcoin investment or introduced newly to. You only need to know to read the bitcoin white paper first, followed by  knowing how to keep your bitcoin safe (security). After that you can learn other aspects with time.

The criteria for a pleb should be knowing how to protect thier little bitcoin from hacks, market condition- like piece fluctuation which can be dome by avoiding the act of trading. Although many beginners are influenced by people who they see as mentors in the space. So they try to take similar risk those big investors do take. forgetting that they are  new to the bitcoin investment and that the amount of bitcoin they have cannot be compared to what these mentors claim they have.

Though I used the word full knowledge, I strongly know that what every bitcoiner need is just the little understanding about how to safeguard their bitcoin unless such person want to be a vendor or universally trader, sure you reminded me of something which is very paramount for a newbie in the system and that's is trading, am not trying to discourage anyone on this, newbies that has a good long term investment plan should beware of trading, I have heard people say am a good trader to me I see those word as fiction because in trading I don't think the market is mastered and this aspect is not good for a newbie, a newbie should concentrate of buy and make sure that his bitcoin with a good wallet as you said.

[promise444c5]

To many people do that so we can assume that they are newbie in the scene but once they learn on how to deal with any technicalities then for sure that there would be more potential profit especially if you or they are eager to learn a lot from bitcoin.

Assume what !! newbie??  Apart from influencers(which we all know that they are no  noobs)  i don't think investors announces their investment  status, probably you mean  they bluff publicly to make people think they are newbie, no one cares if you are a newbie or not  they only care about what you have  to offer.

Then provably they would miss a lot of chances for continue waiting for certain things that didn't come on their side. Since they are doubting to buy then I guess they are not really ready face any consequences and maybe afraid to lose their money since that's everything they have. That's why its important to settle thing needed especially bring enough funds so there's no one can bother them for deciding to buy and they can execute their orders at any price they want and for sure with that they can see a more better result that doubting on current situation which provably can make them regret on not doing any action while the price of bitcoin is quiet reachable for them.

Yes they might miss a lot of chances because it's pretty hard to know when things will spike, instead, in Btc investors sees a down trend in market as an opportunity to buy more Btcs,as you can see from the title Buy the DIP  and HOLD , it means  buying the down trend and keep on holding.
However from your statement

That's why its important to settle thing needed especially bring enough funds

it not necessary to bring enough fund  at ounce probably you mean accumulating enough funds into investing in Btc, if an investor wants to invest and he/she dosn't have enough funds, then he/she could try the DCA method of investing into Btc as it has  been said across this particular thread

notice: avoid pyramid post

[Lida93]

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.

In any field you want to get into for you to thrive as a newbie you have to brush yourself with as much knowledge as possible about such field before diving all in, especially in the basics of such field which bitcoin investment is not an exception. Before start you have to be knowledgeable about things like  the investment strategy of your interest, risk management, market sentiments/psychology and with an investment plan (mainly a long term duration holding plan).

It is best to learn (equip yourself) before going into the market, instead of hoping to learning everything or the most important things about the market while in the market.

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.

Yes, you're correct DCA is a good investment strategy for mostly to the benefit of low income earners who can't afford to big bitcoin in large quantity within a short time if they can maximize it under a well constructed plan in relation to their weekly or monthly income flow by devoting a certain percentage they are comfortable with  for DCAing.

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. 

i kind of like the mentality that the statement "the best time to enter bitcoin was yesterday and the second best time to enter bitcoin is today" brings to every bitcoin holder that procrastinate ever buying Bitcoin or the person that is asking on the right time to buy the DIP. The best time to buy is never tomorrow regardless of the speculation on how low the price of bitcoin might drop in the future, if you can't buy it now, their is no certainty that you will be able to buy it tomorrow.

Some of us today that are enjoying the benefits of bitcoin today never bought it the day before yesterday but because of the knowledge we later grew about bitcoin that got us to cease from further procrastinating and started investing in BTC without minding or considering  the current price of that very time and today profits has been made from that decision of yesterday.

For it is same opportunity today as it were for those of us that bought and started investing from yesterday, and if they can stop from procrastinating further and start investing today not waiting for price to fall dipper before taking action to invest they will have themself to thank for taking action today.

What I think that makes some persons to continually procrastinate in their decision to invest in bitcoin is due to the lack of the right knowledge because just looking at the historical events of bitcoin price right from day one till date you can see from it that we're still in the right position to come into the market to invest. You can have the knowledge but if it's not the right knowledge you can't know how and when to make the right decisions. it's as simple as that.

[Roseline492]

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

Holding of bitcoin does not require any method. The DCA is not a method of holding bitcoin rather it is a method of buying bitcoin at a certain interval on a regular basis.

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.

Yes as a newbie all you need is the basic knowledge of knowing how to set up your wallet and how to buy bitcoin from exchanges both Dex and Cex and knowing who to withdraw your bitcoin to your wallet. Also to know that you are not to keep your coin in an exchange for long because it's dangerous.

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.

Once again DCA is not strategy of holding bitcoin, It is a strategy of buying Bitcoin. Another mistake you are making about DCA is were you are saying, buying a fixed amount of bitcoin every week or month. Instead of fixed amount of bitcoin, it is a fixed amount of money.

I think you are getting it wrong that DCA strategy is not for holding because on the contrary is intertwined with buying and holding because is only those who intend to hold Bitcoin for a long time that intend using DCA strategy as there method of buying Bitcoin. However I agree with you on the aspect you mentioned that it may likely be very difficult buying the exact amount of Bitcoin on a weekly basis, yeah of a truth it could be challenging buying the same exact amount of Bitcoin every week considering the price movement of Bitcoin, perhaps let's take for example your last buy was when the price was at $40k  and maybe before your next buy the price gets to $46k however considering your weekly budget it will be very difficult getting the exact amount of Bitcoin of your last buy unless you have enough funds to be able to adjust your accumulation budget as the Bitcoin price increases.

[Hewlet]

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.

as someone that is new to the system, the first thing you should know is that you need to Buy the DIP. You might not necessarily understand how the DCA method works but after buying you can now work on best ways to accumulate more holding and that's where using the DCA method comes in.

And like you rightly pointed out, Buying of bitcoin doesn't require a complex knowledge, the most important thing you need to know before buying as a new person is the right time to buy. Once you know the right time to buy, then you've successfully launched yourself into an amazing Bitcoin journey.

With regards to getting knowledge a long your Bitcoin holding journey, it's necessary you know what's happening in the industry and follow up discussions to know when to expect a possible bull run which will guide you on selling at the right time. Knowledge related to your security is also something very important for a new person that has bunch of holdings because if your security is compromised, your holdings is in serious risk and all your accumulation could go overnight so the right thing to do is to get the basic knowledge on the right time to buy, then you buy the quantity that you're comfortable with and then ensure you put out the best security measures in place that will prevent your holdings from being taken from you.

The rest of the knowledge that you will need all available on the forum and by following and inquiring from discussions in the forum, you will do just fine as you climb the ladder of your Bitcoin investment journey.