Buy the DIP, and HODL!

[letteredhub]

And of course, guys can do whatever they like, yet if we are talking about various accumulation strategies in this thread, it can be a bit irritating when we see guys talking about strategies that seem to gravitate towards trading or even selling to accumulate more BTC, but then at the same time, they do not present the idea very well, and surely it seem to be off topic since even the topic of the thread does not say anything about selling and the idea of HODL in the context of this thread largely is suggesting the opposite... don't sell.  So then there is nothing wrong with having different opinions, even though the concept of trading or selling to accumulate seems to be off topic.. at least for guys who may admit that they are in the earliest of stages of their BTC accumulation journey..

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

from what you're saying you may agree with me that between the earliest stage bitcoin holders and the recent stage holders, the earliest stage bitcoin holders has the tendency to hold much more longer than they have even previously held compared to the recent bitcoin holders who have just gotten into the market and have little or no experience of certain ups and down in the market from what earliest holders must have experienced.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

[1715031540]

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[Mayor of ogba]

I agree with you that buying a fixed amount of bitcoin will ruin his bitcoin accumulation plan because if he sticks with buying a fixed amount of bitcoin weekly or monthly, he will end up not making a provision for emergency funds. For instance, If he bought his first bitcoin of 0.003 BTC at $42700 and wants to buy another bitcoin with a fixed amount of 0.003 BTC and the bitcoin price is at $50k, he will have to pay more money to accumulate the 0.003 BTC, which will make him use most of his weekly or monthly salary to accumulate the fixed amount of bitcoin, and he will depend on his bitcoin investment to settle his financial needs because the strategy he adopted to accumulate bitcoin did not allow him to keep an emergence fund. I see this as gambling because he might miss out on owning a bitcoin.

I don't know if the DCA method can be calculated in terms of the Bitcoin quantity because what I do know is that it is based on dollar amount that is why it is called dollar-cost averaging. If an investor decides to buy a fixed quantity of Bitcoin per time irrespective of price fluctuations, that is possible and achievable as it may be that he would have set a target to achieve in terms of Bitcoin quantity. For instance, someone can set a target of owning 1BTC before his 20th birthday and may decide to be accumulating 0.01BTC weekly or monthly as the case may be. As expected, he would have made adequate financial preparations for this, bearing in mind that while following his plans he will also pay his bills and also set up some reserve funds. I do not see anything wrong with setting such personal targets neither does it mean that he would not have factored in price fluctuations in his planning.

I look forward to seeing what others will have to say about such plans, if it qualifies as DCA or something similar to it. I'm with my pen and my note, time to learn something new.

Yes, I agree with this. People who have a big income flow daily, weekly, and monthly can buy a fixed amount of bitcoin anytime they want to accumulate it. We should introduce a buying plan that will be suitable for the newbies because they are here to be guided on the right path to accumulate their bitcoin. A newbie who has a low monthly income flow might adopt the buying of a fixed amount of bitcoin, thinking that he or she is using the DCA strategy to accumulate bitcoin, not knowing that he or she will end up selling his bitcoin holdings shortly because he or she will not be able to save an emergency fund to use and settle his financial needs when they arise.

[Barikui1]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

I just believe that the DCA method is design for us to buy in a comfortable manner, not in away that will make us to start doing opportunity cost just to meet up to the target of buying a fix amount of Bitcoin.

[Wind_FURY]

My fellow plebs, there's no need to argue or debate on what's the best Bitcoin buying strategy. We simply need to know that if we want to HODL, it should be done with the best asset that will continue to exist for many cycles. If you want to invest in commodities - invest in Gold, if it's in stocks - choose the best companies, but in cryptocurrencies? HODL Bitcoin.

What we truly need to remember is that there's a reciprocation between the global money supply and Bitcoin. If someone could get a graph of the Rate Of Change of the global money supply Year-On-Year, and put a price chart of Bitcoin over it, the reciprocation would be obvious. Is this merely an accident? A mere coinidence? Perhaps it is, but I believe Satoshi might already have a projection in what would happen because of the way the supply distribution and supply inflation was designed.

[Moreno233]

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Those who held Bitcoin all the way from $7k to $50k are probably lifetime holders. They would have concluded that no matter the price of Bitcoin, they will hold it. They would have overcame the temptation of taking profit that many investors usually do. That price range actually shows such person have seen two bull runs yet still holding so I don't think there is any basis for comparison between such old hands and some new investors that have nit witnessed any bull run.

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

Many are not interested in any investment that will take up longer time probably with the notion that they are not going to live longer enough to enjoy it neither do they want family or generation to enjoy it or that they are much comfortable with their current condition and refused to take a step.

I do not know about people like this and even if they exist, it could mean such a person is sick of terminal disease of which doctors would have informed him his health status and how long they might possible live. It could also be someone that is healthy but very old to think about investing rather enjoying the retirement and remaining days of their lives is their major concern. Apart from other of these categories, it does not really sound nice to me that someone will refuse to plan for their children and heirs and would want to lavish all he has worked for without leaving a legacy and something the next generation can build from.

To be honest with you, such discussion is outside the scope of our discussion here because we are talking about how to invest in Bitcoin and hold for a long time. If we go into that discussion, it might distract us from the topic of this thread.

[Roseline492]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

The truth is that is actually very difficult and challenging to  constantly buy a certain amount of Bitcoin on a weekly or monthly basis through DCA method reason been that the price of Bitcoin use to be very volatile and the possibility of meeting or buying at the same price as the previous week is not certain and perhaps it could be that the price has gone up way beyond the price of your last buy so perhaps that's were the ability to adjust to Bitcoin accumulation pattern comes in, so perhaps you can still accumulate with your normal weekly budget even if the amount of Bitcoin you will have will not be up to the last accumulation but however if you have other spare funds that doesn't have any budget for, then you can adjust the accumulation pattern a bit.

[letteredhub]

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Those who held Bitcoin all the way from $7k to $50k are probably lifetime holders. They would have concluded that no matter the price of Bitcoin, they will hold it. They would have overcame the temptation of taking profit that many investors usually do. That price range actually shows such person have seen two bull runs yet still holding so I don't think there is any basis for comparison between such old hands and some new investors that have nit witnessed any bull run.

Of course there is a basis, the only difference between the old holders than the recent new holders is just in the price at which they met bitcoin and nothing more. The spirit of thought to be drawn from the old holders by the recent new holders as a motivation to hold steadfast for long long should be that if the old holders could hold that long and had made this amount of profit assuming as at a time when bitcoin was 7k to now it's rally around $43k, this thought should be something for recent holders to go on with as new investors in the market believing that they too can become lifetime holders just like the earliest bitcoin holders till date. In any business a person engages in if he/she doesn't have a motivating factor it's very easy for the person to crash at the hit of any challenge, which is why in this case the old holders should be seen as a motivating factor to the recent new holders for them to be able to hold too for long because the huge profit from bitcoin is embedded in a long time holding.

Old holders are like heroes the new holders should aspire to be like in the next few years in their holding.

[Miles2006]

from what you're saying you may agree with me that between the earliest stage bitcoin holders and the recent stage holders, the earliest stage bitcoin holders has the tendency to hold much more longer than they have even previously held compared to the recent bitcoin holders who have just gotten into the market and have little or no experience of certain ups and down in the market from what earliest holders must have experienced.

This is right and sometimes experience can determine the faith of an investor, I can relate with what you're trying to say even if I haven't gotten to such level in terms of holding. We can't compare an experienced investor to some newbies who just started their early journey and each time the price keeps increasing or decreasing there's this urge to sell cause they're new to the market. Aside from bitcoin investment, the example you set out is common and I can agree that a lot of newbies could not reach their target due to the excitement or fear of the price meanwhile investors who started earlier could decide to hold regardless of an increase or decrease in Price.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

We can all agree not all investors have this faith of holding bitcoin for long term or rather some are just here to hold till they get an increase in the price and decide to sell.
In situations like this It doesn't necessary matter cause it seems they buy for just profit and nothing else. Newly investors who really want to buy and hold will not get over excited with an increase in price, I believe every one has a target for their long term holding and if working towards the line rightly you will definitely exhibit the habit of self control, like some newbies will ask how can I develop such characteristics of an experienced investor, this is just simple and all you need to do is learning from experienced investors who love sharing different ideas on their early holding for example JJG, as a newly investor it's advisable to always follow and read threads like this "dip and hold". I don't know why most people find it difficult to hold or maybe they lack finance for investing but in summary it's advisable never use the money met for something else to accumulate bitcoin.

[Makus]

I would suggest that the guy invest equally in his bitcoin and his emergency fund, so even if it takes him 12 to 18 months to build his emergency fund up to 3 months, he has been simultaneously building his Bitcoin, and so once his emergency fund is 3 months, then he can likely be more aggressive with his bitcoin investment, and perhaps still continue to build his emergency fund up to 6 months, and maybe after 4-6 years investing in bitcoin, at that point he might have started to get close to reaching 6 months of an emergency fund and maybe right around the same for his bitcoin investment, and perhaps even more for his bitcoin investment, and the stronger his emergency fund, the more aggressive he can start being with his bitcoin investment and maybe he has a combination of BTC investment, emergency fund, reserve funds and a float.. all building up the longer that he is in bitcoin.

Indeed, anyone looking forward to build an emergency fund should build it alongside his Bitcoin investment. Lets say the person is using DCA strategy for investment, from a monthly income of $2k. based on the fact that he is still a single youth, he can minimize his expenses to 1k a month then, such person could possibly invest 30% of his income into Bitcoin for a month, which  would be $600 while he can keep 20% for his emergency fund which is a $400. Based on the fact that his monthly expenses can be dealt with $1k, after doing this for 15 months, he must have built a 6 months expenses worth of emergency fund. And thereafter, we can become more aggressive with his Bitcoin investment untill he feel he'll be needing a break or if he has accumulated enough.

Even though I am glad that some of you guys feel some benefits from some of the ideas sharing in this thread (and maybe other parts of the forum), don't come crying to me if you end up losing money...  

Many of us are regular people and sometimes we even make mistakes in terms of how we say things and how we might be interpreted by others...

and another thing is that there can be two guys looking at the same situation, who may well end up slightly different tradeoffs, and maybe either choice is good for that person, but sometimes there are better choices amongst the ones available, and it can frequently be difficult to know exactly how to make the tradeoffs.. and sometimes taking a bit of extra risk is o.k.. and sometimes playing around a bit is o.k... as long as we don't devolve too much into gambling.. and no one is going to completely know when they have devolved too far into gambling.. because 10% to 20% investment might work for some guys, but others might not be able to afford that level of investing based on their own cashflow versus expenses situation.

I doubt that any of your advise could lead to such scenario of making a failed investment planning. Anyone thinking normally can understand the benefits of your teachings and apply them to make a successful life investment  except, the person is dumb enough not to understand. Though mistake can aren't something we all are immune from, but from experts like yourself, they are minimal.

But for those that are good in trading and they're making a living out of it, I see people that do that and I guess it's just really for them but for me, it's not but it won't stop me to do trades.

This issue of trading has been addressed by JJG that we shouldn't be doing the comparison between buying and holding and trading in this thread as talking more about trading seems to be like an off topic discussion since the name of the thread is buying the dip and hodl. I honestly see the reason why he said so. Moreover I don't see a base for the meaningless comparison between hodling and trading. Anyone who is interested in talking about trading should look for a thread talking about trading or a thread that allows the comparison between trading and holding. But here let's keep the discussion going according to the thread name.

Trading is like a term used in shitcoins, and Bitcoin primarily is not a short term investment. Those who started their investment early and still holds their coin can attest to the fact that Bitcoin is not a coin for trading. I saw a post some couple of months ago were an investor was bitterly expressing his experiencing how he sold some of his Bitcoin when the price pumped, and he thought that was all, unknown to him that the price just started then. And his advice was, don't sell your coin hold and if possible you could pass some to your next generation. There are many others who had such experience with selling your coin at the peak of a bull run and later came to understand that, it was a dumb discussion they took. Trading Bitcoin will only result to missed opportunities compared to what you could achieve with just holding.

[Tmoonz]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

The truth is that is actually very difficult and challenging to  constantly buy a certain amount of Bitcoin on a weekly or monthly basis through DCA method reason been that the price of Bitcoin use to be very volatile and the possibility of meeting or buying at the same price as the previous week is not certain and perhaps it could be that the price has gone up way beyond the price of your last buy so perhaps that's were the ability to adjust to Bitcoin accumulation pattern comes in, so perhaps you can still accumulate with your normal weekly budget even if the amount of Bitcoin you will have will not be up to the last accumulation but however if you have other spare funds that doesn't have any budget for, then you can adjust the accumulation pattern a bit.

I don't agree with you guys, your most emphasis on price fluctuations are made upon upward trend whereas there can also be a downward trend of price fluctuations which will become more advantage to the investor who has decided to accumulate a certain quantity within a specific period of time. There is a prvoverb that says before a blind man says he is going to stone you he already had a stone in his possession. It shouldn't be seen that anyone venturing in to Bitcoin investment is poor there is still investors that can afford to buy Bitcoin even if the price makes x3 or more the current price that is an assumption based on if their is an upward trend in price fluctuation what about when there is a downward trend?

In my own opinion I dont see any difficulty using the dca method in terms of accumulating Bitcoin on a particular quantity either weekly or monthly, before an investor will have this decision definitely he must have got all his plan worked out by making provisions for his personal needs emergency and reserve fund and also have factored in the price fluctuations as a principle factor of Bitcoin functionality. I think this whole thing is apparently and typically based on individual financial capability.

[Roseline492]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

The truth is that is actually very difficult and challenging to  constantly buy a certain amount of Bitcoin on a weekly or monthly basis through DCA method reason been that the price of Bitcoin use to be very volatile and the possibility of meeting or buying at the same price as the previous week is not certain and perhaps it could be that the price has gone up way beyond the price of your last buy so perhaps that's were the ability to adjust to Bitcoin accumulation pattern comes in, so perhaps you can still accumulate with your normal weekly budget even if the amount of Bitcoin you will have will not be up to the last accumulation but however if you have other spare funds that doesn't have any budget for, then you can adjust the accumulation pattern a bit.

In my own opinion I dont see any difficulty using the dca method in terms of accumulating Bitcoin on a particular quantity either weekly or monthly, before an investor will have this decision definitely he must have got all his plan worked out by making provisions for his personal needs emergency and reserve fund and also have factored in the price fluctuations as a principle factor of Bitcoin functionality. I think this whole thing is apparently and typically based on individual financial capability.

It actually depends on your investment capital because if you think or believe that your portfolio is big enough to adjust to accumulating a certain amount weather the price of Bitcoin drops or increase fine you can do that but otherwise if your investment portfolio is not sufficient enough then stick to what your portfolio can afford because if you go more than that it will be considered as an aggressive investment and if you are not mindful you can get into trouble, perhaps that's one of the reasons why they advise investors of investing only with what they can afford and not what will affect them on the process.

[promise444c5]

Maybe you will be able to figure out how to sell BTC in order to accumulate more BTC, yet it seems to me that in your earliest  years of BTC accumulation you should not even try selling BTC to try to accumulate more, and you should merely be using various kinds of buy strategies including DCA, buying on dips and lump sum buying.  The more BTC you accumulate the more options that you have, and the more BTC you accumulate, you can attempt to assess the status of your own BTC holdings (including how much they are in profits - presuming that they are in profits) and also how much they are worth compared to other kinds of investments (which also may well including your various currency/cash holdings) that you have.

Yes ! One shouldn't sell BTC to buy more BTC, fine  it might seem like a strategy but not a good one because we are dealing with future event and you might end up losing out of your BTC  which is opposite of what you are expecting .
However, there are good strategies out there and it has been listed by JayJuanGee and  what fits  the analogy of accumulating more btc without selling  most is buying  the dips as you don't have worry about the sell limit , you should just keep on buying the sell.

Thus, trying DCA  gives room to no worries  either the market is experiencing a dip or not, just keep on buying the fixed amount and you will start seeing some nice average results of your buying.

[Obim34]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

The truth is that is actually very difficult and challenging to  constantly buy a certain amount of Bitcoin on a weekly or monthly basis through DCA method reason been that the price of Bitcoin use to be very volatile and the possibility of meeting or buying at the same price as the previous week is not certain and perhaps it could be that the price has gone up way beyond the price of your last buy so perhaps that's were the ability to adjust to Bitcoin accumulation pattern comes in, so perhaps you can still accumulate with your normal weekly budget even if the amount of Bitcoin you will have will not be up to the last accumulation but however if you have other spare funds that doesn't have any budget for, then you can adjust the accumulation pattern a bit.

We should not be confused on this, before the beginning of every Bitcoin accumulation journey, one should first consider setting a budget planned on the bases of dollars amount or Bitcoin.

Secondly, determining at what regular interval that becomes appropriate for the accumulation due to availability of funds, it can be weekly, bi weekly or monthly.

After all this, the amount to be invested according to it's availability should be on a dollar value in a way It won't affect one's cost of living and not in a specific amount of Bitcoin due to it's volatility, purchasing in amount of Bitcoin will not be sufficient enough to get what has been budgeted if the price decides to keep depreciating because it will be bought on a lesser value.

And of course, guys can do whatever they like, yet if we are talking about various accumulation strategies in this thread, it can be a bit irritating when we see guys talking about strategies that seem to gravitate towards trading or even selling to accumulate more BTC, but then at the same time, they do not present the idea very well, and surely it seem to be off topic since even the topic of the thread does not say anything about selling and the idea of HODL in the context of this thread largely is suggesting the opposite... don't sell.  So then there is nothing wrong with having different opinions, even though the concept of trading or selling to accumulate seems to be off topic.. at least for guys who may admit that they are in the earliest of stages of their BTC accumulation journey..

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

from what you're saying you may agree with me that between the earliest stage bitcoin holders and the recent stage holders, the earliest stage bitcoin holders has the tendency to hold much more longer than they have even previously held compared to the recent bitcoin holders who have just gotten into the market and have little or no experience of certain ups and down in the market from what earliest holders must have experienced.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Experience could be one factor to facilitate one's decision to continue holding their investment, some people are easily moved with a slight increase in the price of Bitcoin and can as well be tempted not just new investors even those who had long stayed in the system and have not yet understand the power of long term holding, so it goes more with the mindset, we are clearly expected to open our mind and accept the fact that during our Bitcoin accumulation it is expected of us to generate the mindset of long term holding and abstain from unnecessary sell pressure.

[Promocodeudo]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

I just believe that the DCA method is design for us to buy in a comfortable manner, not in away that will make us to start doing opportunity cost just to meet up to the target of buying a fix amount of Bitcoin.

Let's understand this DCA stuff, when you are DCAing it doesn't mean that you are stagnated or forced to continue investing the particular amount you have been investing, you can decide or be flexible enough to adjust or increase your investment as you desire it to be, so don't misunderstand this process, I must say that your perception about this strategy is wrong, as far as Bitcoin investment is still in existence DCA is one of the best strategy rolledout for everyone no matter your income to be involved in Bitcoin investment, no one is going to do any opportunity cost stuff to meet up for anything as you said, what everyone that's is involved in DCAing needs to do is, keep investing the amount that will be comfortable for you so that you wont go about trying to borrow or thinking about spending your emergency fund in other to satisfy your investment plan.

[Odohu]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

I did not actually said that buying a fixed amount of Bitcoin at regular interval us the same thing as the DCA method. It was a pattern I imagined to be possible, hence the reason I took my stand on it and still left room for more contribution. I have stated before that we should not only view Bitcoin investment as something reserved for the poor because Bitcoin was not just created as a means of escape from poverty even though it has the potential of changing the financial status of investors.

We must understand that there are rich people who are heavily invested in Bitcoin. They can set their target on the amount of Bitcoin they want to achieve at a certain time or age and will continue buying certain amount weekly or monthly or even yearly to get to their target. They don't necessarily need to check the price because they can purchase it at any price as money was never the factor when they even started it.

As a matter of fact, I have even seen story of someone who targeted getting 0.5BTC to achieve before his graduation from the university. Although he did not buy fixed quantity of Bitcoin per time, rather he was buying with 20% of any money that enters his hands from the parents as a student. The price of Bitcoin was cheaper then so it was easy for him to achieve.

The point I'm making is that the method of buying might vary but the ultimate goal is to buy Bitcoin and hold.

[Churchillvv]

[edited out]

Emergency funds savings set aside specifically to cover unexpected expenses or financial emergencies.These funds are typically taken process can be followed DCA.Financial experts often recommend having enough funds in an emergency fund to cover three to six months' worth of living expenses although the exact amount may vary depending on individual circumstances.

This funds in that they have set aside to provide financial stability and security at-least 10% or 15% BTC. It's are often used in a broader sense encompassing savings set aside for various purposes beyond just emergencies.Reserve funds may include savings for future large purchases, planning to expenses or to cover fluctuations in income or expenses and also can be used strategically to maintain financial health and stability over the long term.

Float can delay between when a check is written and when it clears from the issuer's account float effectively can provide opportunities for cash flow management and may allow individuals or businesses to earn interest or other benefits from the temporary use of funds.
emergency funds and reserve funds are savings set aside for financial stability and security with emergency funds specifically designated for unexpected expenses while float refers to the time delay in financial transactions. Each concept plays a role in ensuring financial health and stability in both personal and business finances.

To you (smelody), your quote took forever to scroll pass, it's not useful to quote the whole post instead you should just quote only the few lines you wish to elaborate on.

Although you're a newbie so it's understandable but you should take note henceforth.

Additionally, I guess you didn't get what exactly JayJuanGee was trying to say or you are probably omitting the point. I will buttress in order for you to understand.

There are some of us here in the process of accumulating Bitcoin we tend to see opportunities of selling out our bitcoins in order to accumulate more but this narrative of some is quite wrong. what JJG is trying to say is the idea is not all wrong but for most of us at this stage it's very inappropriate to practice such because we may not still be in the position to sell in order to accumulate more. At this very earliest stage of accumulation we shouldn't be thinking of selling to buy more except we have acquired some certain level of knowledge in the accumulation practice or even gotten a good stash of Bitcoin which might take some years to get to such level.

At the end what his saying is its best to practice buying the dips and hold which is the context of this thread, DCA which is buying bit by bit with some designated amount from your income that would probably never affect your daily cost of living, and Lump Sum buying than go into some strategy of buying to accumulate more that is more risky for this very early stage of accumulation of ours.

[Troytech]

Maybe you will be able to figure out how to sell BTC in order to accumulate more BTC, yet it seems to me that in your earliest  years of BTC accumulation you should not even try selling BTC to try to accumulate more, and you should merely be using various kinds of buy strategies including DCA, buying on dips and lump sum buying.  The more BTC you accumulate the more options that you have, and the more BTC you accumulate, you can attempt to assess the status of your own BTC holdings (including how much they are in profits - presuming that they are in profits) and also how much they are worth compared to other kinds of investments (which also may well including your various currency/cash holdings) that you have.

Yes ! One shouldn't sell BTC to buy more BTC, fine  it might seem like a strategy but not a good one because we are dealing with future event and you might end up losing out of your BTC  which is opposite of what you are expecting .
However, there are good strategies out there and it has been listed by JayJuanGee and  what fits  the analogy of accumulating more btc without selling  most is buying  the dips as you don't have worry about the sell limit , you should just keep on buying the sell.

Thus, trying DCA  gives room to no worries  either the market is experiencing a dip or not, just keep on buying the fixed amount and you will start seeing some nice average results of your buying.

I might not be right on this, but hear my opinion and what I've learnt so far l,  I dont think the problem here is selling our bitcoin to get more bitcoin, but it should not be on our list of strategies as eaely investors, cause when we are trying to be smart about thigns and trying to take advantage of volatility and this is just like trading or doing short term investment gambke with our holdings, we should know that we are taking a risk with our bitcoin and since our major objective is to hold bitcoin. But if someone has built a stash of at least up to 4 years, then using a little percentage of his holdings to sell and aquire more isnt that bad.

But in general taking risk like this is not guaranteed to give us positive outcomes and at times we could end up buying even more than we sold. So it's good that everyone should be careful and also accept responsibility for any risk taken with their Bitcoin holdings.

And of course, guys can do whatever they like, yet if we are talking about various accumulation strategies in this thread, it can be a bit irritating when we see guys talking about strategies that seem to gravitate towards trading or even selling to accumulate more BTC, but then at the same time, they do not present the idea very well, and surely it seem to be off topic since even the topic of the thread does not say anything about selling and the idea of HODL in the context of this thread largely is suggesting the opposite... don't sell.  So then there is nothing wrong with having different opinions, even though the concept of trading or selling to accumulate seems to be off topic.. at least for guys who may admit that they are in the earliest of stages of their BTC accumulation journey..

so sometimes we do likely have to try to figure out whether guys really have long term intentions or if they are merely engaged in some kind of flipping practice or pursuing dollars, which seems to then result in trading rather than investing, even though there still might be profits involved, but not the kinds of profits that would come from both longer term holding or investing over a long period of time, and then the earliest purchased bitcoins will likely have higher levels of profits than the more recent purchased coins, yet it also seems that the longer and longer that we stay invested then we will be building and building the size of our BTC stash and the longer that we are in, then probably the more likely that we are going to have older coins that have gone up a lot in value.. perhaps both exponentially and having several compounding events.. and at least those are goals, even though they surely are not guaranteed and even along our bitcoin journey we are also likely going to experience a lot of volatility along the way and have strategies in place to deal with the likely to be near inevitable volatility without panicking.

Imagine a $7k price rise into the current $43k+ price of bitcoin making it $50k, a recent holder will be triggered)tempted to jump into selling to make dollar profit forgetting that the idea was initially to hold for a long long period accumulatively without tampering regardless of  the market price, but to an earliest holder such a price increase is next to nothing or less because he had seen many higher price increases in the past than what he's getting now and to him the holding target continues even after the next ATH. It will take a lot of discipline and determination to hold irrespective of what come may in price for a recent holder to find himself in the lines of holding for long as expected.

Your very right, the Temptation to sell is much higher with new investors than old investors, new investors can easily be swayed by little profits to sell their holdings, but I don't think this should stop anyone from continuing with their original plan even if they regret later, its normal for us to fail something in our journey, even many old investors would recall a time or two they messed around.

That's why the DCA method is good cause when you divide your allocations into bits and invest on intervals the pressure to sell would be lesser, and moreover I feel DCA also gives us a long term approach to investing, since our accumulation would only increase over time.

[promise444c5]

I might not be right on this, but hear my opinion and what I've learnt so far l,  I dont think the problem here is selling our bitcoin to get more bitcoin, but it should not be on our list of strategies as eaely investors, cause when we are trying to be smart about thigns and trying to take advantage of volatility

Well, you made your point  and it'sactuallya good one. Fine, it's  a strategy and we definitely have somepeople practicing this but it's  not a good one to be precise and thank God you know it's a gamble because volatile  market like Bitcoin  are not easily determined on a short term basis
You end it well  though!
 

But in general taking risk like this is not guaranteed to give us positive outcomes and at times we could end up buying even more than we sold. So it's good that everyone should be careful and also accept responsibility for any risk taken with their Bitcoin holdings.

....

[Justbillywitt]

I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

The truth is that is actually very difficult and challenging to  constantly buy a certain amount of Bitcoin on a weekly or monthly basis through DCA method reason been that the price of Bitcoin use to be very volatile and the possibility of meeting or buying at the same price as the previous week is not certain and perhaps it could be that the price has gone up way beyond the price of your last buy so perhaps that's were the ability to adjust to Bitcoin accumulation pattern comes in, so perhaps you can still accumulate with your normal weekly budget even if the amount of Bitcoin you will have will not be up to the last accumulation but however if you have other spare funds that doesn't have any budget for, then you can adjust the accumulation pattern a bit.

I don't agree with you guys, your most emphasis on price fluctuations are made upon upward trend whereas there can also be a downward trend of price fluctuations which will become more advantage to the investor who has decided to accumulate a certain quantity within a specific period of time. There is a prvoverb that says before a blind man says he is going to stone you he already had a stone in his possession. It shouldn't be seen that anyone venturing in to Bitcoin investment is poor there is still investors that can afford to buy Bitcoin even if the price makes x3 or more the current price that is an assumption based on if their is an upward trend in price fluctuation what about when there is a downward trend?

During the downward trend you buy with the money set aside for buying the dip. It is not about being poor or being rich. It is about the strategy that will give the highest level of profit and reduce loss. Every investors want minimize profit and reduce loss. That you are rich doesn't mean you shouldn't follow investment principles. When it comes to investments, you think of ways that are more profitable.

In my own opinion I dont see any difficulty using the dca method in terms of accumulating Bitcoin on a particular quantity either weekly or monthly, before an investor will have this decision definitely he must have got all his plan worked out by making provisions for his personal needs emergency and reserve fund and also have factored in the price fluctuations as a principle factor of Bitcoin functionality. I think this whole thing is apparently and typically based on individual financial capability.

You are missing something here, the  the idea behind the DCA method was designed to meet the need of those investors who wants to owe bitcoin but don't have the money to finance their desired level of bitcoin holding at once. These are the low or medium class level of income earners who receive their money on a weekly or monthly basis. The DCA gave such investors the flexibility to own bitcoin without disrupting their daily financial needs in their lives. So if they are to buy at a fixed amount of money as they can afford let's say $50 or more weekly or monthly that will be okay with them. But if the idea was to be buying at fixed fraction of bitcoin weekly or monthly it will be difficult for them to meet up, and also it disrupt their other financial obligations in their lives.
How often do we see the dip? Mind you there is no general acceptable price level that is considered as dip. Dip is on individual satisfaction level.

[Ruttoshi]

Experience could be one factor to facilitate one's decision to continue holding their investment, some people are easily moved with a slight increase in the price of Bitcoin and can as well be tempted not just new investors even those who had long stayed in the system and have not yet understand the power of long term holding, so it goes more with the mindset, we are clearly expected to open our mind and accept the fact that during our Bitcoin accumulation it is expected of us to generate the mindset of long term holding and abstain from unnecessary sell pressure.

An investor should have his mind on a long term investment plan, before he venture into investing in bitcoin. He can achieve this by having a bitcoin target as his goal, so that this will keep him more focus and consistent on his bitcoin accumulation. Since he has that on his mind, he will not think of selling when he sees a little profit from the price of bitcoin, because he has not reached his bitcoin target.

But when an investor does not have a bitcoin target and he is just investing, he might be entice by the little profit that he has made in his bitcoin investment and forget that he has plans to go on a long term investment, and he will see the little profit as something big to him, which might make him sell his investment thinking that it will be easy for him to buy back, killing his long term investing goal. This is why we need to set a bitcoin target to help us achieve our long term goal, by hodling and accumulating bitcoin using DCA method, and also lump sum when we have the opportunity to buy at the dip.