Buy the DIP, and HODL!

[Justbillywitt]

In collecting Bitcoin, everyone has a different strategy, there are those who buy it all at once whatever the price when they buy it and there are those who use the DCA method by collecting consistently according to the date they have set, but in both cases there are advantages and disadvantages too because if we buy At the same time, whatever the price at the time of purchase, of course we have to prepare a lot of money and we have to be able to hold it for a long period of time to be able to make a profit and if we use the DCA method, of course we have to buy it every date we have set and it will be very difficult if we don't have a fixed income.

Yes, that's right, when someone wants to invest in bitcoin, there are definitely many ways to buy it. Starting from lump sum purchases (Lumsump), to periodic purchases (DCA). So basically there is no need to be confused about this. Because the main purpose of purchasing bitcoin is of course to add to your portfolio. So whatever purchasing method you choose, the results will definitely not be much different. Moreover, if the aim of buying Bitcoin is to use it as a long-term investment, in my opinion if you want to use the Lumsump or DCA technique the results will definitely be the same.

I totally disagree with you here, purchasing Bitcoin through the lumsump strategy and the DCA method can never give the same results, the lumsump strategy is way more profitable because you are only buying the dip and hold, which means you can get a very large amount of Bitcoin at a very cheap rate, compared to DCA that you can even buy at an expensive rate most times. what makes the DCA method special is that as an investor that don't have much capital, you are able to buy at your own comfort bit by bit, monthly or weekly and you don't have to wait for the deep for you to buy, because most times that deep you are actually waiting for my not come again, since no body knows the lowest possible deep this time around, so it's mainly good at accumulating large amount of Bitcoin over time.

I think what he is trying to say is that those who buy with lump sum and those who buy with DCA will end up making profit in their investments on the long term. What really matters is the size of investment at the end of the day. He is not say that they will have the same level of profit from their various investments. But it's also very possible that the person buying through DCA might end up making more profit. Bitcoin might dip more than the price you bought with your lump sum and remain there for many years while the person that is buying through DCA is continually buying before you know it he/she has acquired more bitcoin than your lump sum at different prices, some even cheaper than your lump sum buy entry point.

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[Troytech]

In collecting Bitcoin, everyone has a different strategy, there are those who buy it all at once whatever the price when they buy it and there are those who use the DCA method by collecting consistently according to the date they have set, but in both cases there are advantages and disadvantages too because if we buy At the same time, whatever the price at the time of purchase, of course we have to prepare a lot of money and we have to be able to hold it for a long period of time to be able to make a profit and if we use the DCA method, of course we have to buy it every date we have set and it will be very difficult if we don't have a fixed income.

Yes, that's right, when someone wants to invest in bitcoin, there are definitely many ways to buy it. Starting from lump sum purchases (Lumsump), to periodic purchases (DCA). So basically there is no need to be confused about this. Because the main purpose of purchasing bitcoin is of course to add to your portfolio. So whatever purchasing method you choose, the results will definitely not be much different. Moreover, if the aim of buying Bitcoin is to use it as a long-term investment, in my opinion if you want to use the Lumsump or DCA technique the results will definitely be the same.

I totally disagree with you here, purchasing Bitcoin through the lumsump strategy and the DCA method can never give the same results, the lumsump strategy is way more profitable because you are only buying the dip and hold, which means you can get a very large amount of Bitcoin at a very cheap rate, compared to DCA that you can even buy at an expensive rate most times. what makes the DCA method special is that as an investor that don't have much capital, you are able to buy at your own comfort bit by bit, monthly or weekly and you don't have to wait for the deep for you to buy, because most times that deep you are actually waiting for my not come again, since no body knows the lowest possible deep this time around, so it's mainly good at accumulating large amount of Bitcoin over time.

I equally disagree with you that lumpsum buying gives more profits. Have you thought about missing opportunities and FOMO that is common with lumpsum buying? You will agree with me that it is difficult if not impossible to determine the true dip, this is why most people who wait for the dip often experiences missed opportunities. Using the DCA method on the other hand, does not really require the waiting and possible missing of opportunities. I will give you some examples. Instead of arguing which gives more profit, I think we should be focused on how best we can apply that which is suitable to us, I mean our preferred method of collecting bitcoin.

There was a time bitcoin stayed around $26k for a long time. Those that buy the dip will be waiting for the dip here while those using DCA will be collecting a lot of bitcoin at this price. Bitcoin never gave any shock before price left this zone to the $29k to $30k area. Those buying the dips might either miss the opportunity or buy tiny fraction of their budget. Same scenario played out in the $36k and even when price crossed $39k.

It is therefore very clear that the DCA method can be very useful and highly profitable in most cases even when price is in a range or in downtrend. It is also important to emphasize that the method of buying is a matter of individual choice and so long as the purchase is for long term holding, it is absolutely profitable. 

I don't think it's right for us to argue which strategy is better or which is not, at the end of the day its our ability to hodl our crypto that really matters. But in terms of strategy, how we apply it could give us different results, like applying lump sums on dips and using DCA to navigate the volatile market.

I believe that the purpose of saying newbies should use DCA is because of the fact that to be successful at lump sums, you need a little market timing and should be more experienced about bitcoin than others, cause lump sum could be seen as a whole buy and just imagine newbie that bought Bitcoin at the last ATH  of about 60k and till now the price hasn't even gotten close to it, and surely he must not have developed a good mindset for investing and might have sold out, so hence we say that DCA is better for newbies cause its easy to learn, doesn't require much knowledge to start and most of all, you are safe from high volatility.

So at the end of the day it's based on preferences as an investor and which strategy we feel safe practicing.

Snip

you shouldn't procicute yourself over selling some stash Wayback when there was an uptrend. at a point in every one's life there is that tempting sensation that make you feel to sell off, and you might end up selling some stash but that doesn't change anything from you. let by gone be by gone. what matters is how you where able to make some corrections and still keep to the rules. by now I know your wallet will be like a straw berry, waiting to chop off. LOLs

I feel real good about my whole system, and I don't even feel that bad about my mistakes - except just to sometimes realize how our perspectives change, and even when I analyze some of my past behaviors, I will sometimes see some of the behaviors, practices and mindset differently now as compared to when I was doing some of them,

That is exactly what am saying. In as much as we hold for long sometimes we decide to sell some stash and it is based on individual differences. because you have it and decides to sell off when you see the need for such. Afterall you have hold for a long term, of which not every one could even hold that long. They would have sold off. So the important of investment is to use it when necessary. and there shouldn't be a question towards it. Because HODL onto bitcoin is not hold forever, or hold into death. but HODL for a long term for future porpos. and it's your priority. Afterall you reaped the fruit of your labour and it didn't change the fact that your holding is still higher than the stash you sold. Where it could have been bad is selling of an unreasonable amount that will affect your entire holding. But checking the amount you sold then was just a peanut and wouldn't even affect the accumulating process.

IMO I think  it's also good investor should  have a purpose for  investing in bitcoin, cause I feel that one of the reasons that made you hold this long was because you had a purpose of investing and maybe on the long run that purpose changed and evolved into you wanting to always have a portion of asset and monetary value in bitcoin. Many investors have switched roles from long term investors to short term because they didn't have a purpose or reason to invest, some of them heard about hold and bough some amount of bitcoin and when the price soared they sold, and you would find out that it was never their plan at first but they didn't have any future purpose for investing and holding.

Our purpose for investing at times must not be something great, and no one would tell me he want to hold forever without selling sometimes to maybe get that dream car, he wished for something and some even invest cause they see bitcoin as a better way to store value.
Judging from sir Jay's last example of his friend’s that he sent some bitcoin and even advised them to hold and purchase more, the way I see it this people didn't have any any self generated reason to follow him on that path despite all the profits and reasons he showed them, so they couldn't keep up with holding and sold their bitcoins.

In conclusion to what I'm saying, I think it's a good thing that we have our own reasons or I can call it motivations to invest in bitcoin, even tho this reasons might change and we might want to hold or maybe even have a portion of our wealth always in bitcoin, having a purpose or reason to invest is a must if we must stay long term.

[I_Anime]

In collecting Bitcoin, everyone has a different strategy, there are those who buy it all at once whatever the price when they buy it and there are those who use the DCA method by collecting consistently according to the date they have set, but in both cases there are advantages and disadvantages too because if we buy At the same time, whatever the price at the time of purchase, of course we have to prepare a lot of money and we have to be able to hold it for a long period of time to be able to make a profit and if we use the DCA method, of course we have to buy it every date we have set and it will be very difficult if we don't have a fixed income.

Yes, that's right, when someone wants to invest in bitcoin, there are definitely many ways to buy it. Starting from lump sum purchases (Lumsump), to periodic purchases (DCA). So basically there is no need to be confused about this. Because the main purpose of purchasing bitcoin is of course to add to your portfolio. So whatever purchasing method you choose, the results will definitely not be much different. Moreover, if the aim of buying Bitcoin is to use it as a long-term investment, in my opinion if you want to use the Lumsump or DCA technique the results will definitely be the same.

I totally disagree with you here, purchasing Bitcoin through the lumsump strategy and the DCA method can never give the same results, the lumsump strategy is way more profitable because you are only buying the dip and hold, which means you can get a very large amount of Bitcoin at a very cheap rate, compared to DCA that you can even buy at an expensive rate most times. what makes the DCA method special is that as an investor that don't have much capital, you are able to buy at your own comfort bit by bit, monthly or weekly and you don't have to wait for the deep for you to buy, because most times that deep you are actually waiting for my not come again, since no body knows the lowest possible deep this time around, so it's mainly good at accumulating large amount of Bitcoin over time.

I think what he is trying to say is that those who buy with lump sum and those who buy with DCA will end up making profit in their investments on the long term. What really matters is the size of investment at the end of the day. He is not say that they will have the same level of profit from their various investments. But it's also very possible that the person buying through DCA might end up making more profit. Bitcoin might dip more than the price you bought with your lump sum and remain there for many years while the person that is buying through DCA is continually buying before you know it he/she has acquired more bitcoin than your lump sum at different prices, some even cheaper than your lump sum buy entry point.

To me exercising both is kinda the best. You know  as a Investor you got to be flexible, using the lumsump strategies you can focus buying the dip and all that what if in a scenario you thought that market would undergo a certain correction (dip)  before you buy. And at the end it endup not meeting your expectations (increase without undergoing that dip) you will only endup missing out. So I will keep saying if you are the type who only focus on buying the dip always try and also use DCAing to accumulate more quantities during so you would endup with better profit. And this the period we should focus on DCAing because we know that bitcoin gonna under go a new break through soon and there's time to accumulate more bitcoin in your portfolio.

And please DCA is not for only those who don't have much funds to invest, they are alot of early investors out there who are still using DCA method to accumulate more bitcoin. Because it would give them the opportunity of buying at different prices making theit portfolio to be more mature and more profitable. So anyone can exercise DCA strategies. And by the way when you are more financially capable that when the DCA would be more effective

[ginsan]

I think what he is trying to say is that those who buy with lump sum and those who buy with DCA will end up making profit in their investments on the long term. What really matters is the size of investment at the end of the day. He is not say that they will have the same level of profit from their various investments. But it's also very possible that the person buying through DCA might end up making more profit. Bitcoin might dip more than the price you bought with your lump sum and remain there for many years while the person that is buying through DCA is continually buying before you know it he/she has acquired more bitcoin than your lump sum at different prices, some even cheaper than your lump sum buy entry point.

For my understanding if someone buys at once with all the money he has then there is a big potential in two contexts where if the price goes down after he has finished buying then he has no chance to buy in the Dips. And also if the price rises after they make a purchase, they will be more enthusiastic about investing in Bitcoin because they will immediately see the profits they get. Even though the investment they use is for the long term, I prefer to do it with DCA better than with a lump sum purchase.

Purchasing at once will usually have an impact on a person's psychology because he has already used all the money for the first purchase. and when the market situation changes suddenly, of course he will think of a thought about his first decision that seems as if he didn't have to make it. A thought arises that may not be ready for that moment which will certainly result in a wrong decision if he is unable to forget it. Apart from that, whether you buy it all at once or DCA, you will definitely get a profit in the end, the important thing is that they have the desire to keep Holding it.

[Ludmilla_rose1995]

I totally disagree with you here, purchasing Bitcoin through the lumsump strategy and the DCA method can never give the same results, the lumsump strategy is way more profitable because you are only buying the dip and hold, which means you can get a very large amount of Bitcoin at a very cheap rate, compared to DCA that you can even buy at an expensive rate most times. what makes the DCA method special is that as an investor that don't have much capital, you are able to buy at your own comfort bit by bit, monthly or weekly and you don't have to wait for the deep for you to buy, because most times that deep you are actually waiting for may not come again, since no body knows the lowest possible deep this time around, so it's mainly good at accumulating large amount of Bitcoin over time.

The lump sump strategy that I know is very different from the buy the dip strategy, the lump sump strategy is where you buy all at once with all the capital you have but the buy the dip strategy is usually used by investors who only enter the market when the market is just bearish conditions

I suggest for investors who only have limited capital, don't use the sumlump strategy, you will only waste your money, the bitcoin market is very volatile, it is better to just use the DCA strategy, although slowly, this strategy has been proven to be much better than sumlump and has many large investors have successfully implemented this DCA strategy

[Fuso.hp]

As we move into the future, the demand for Bitcoin is increasing along with the basic needs. I think if a person invests properly by following the DCA method, he can definitely prove himself as an ideal investor. It is better to invest from present time, like me (I have kept my investment alive for 14 months) I also want to make my investment for long term. I got to see my portfolio and it made me want to invest more. So 10% of my income I invest here for long term following DCA method. This is a proper journey that I learned from JJG text.

The information that JJG always provides about investing changes the way many people think about investing. There are many members who have been regularly active in this section and have changed their thinking about investing. I would never have realized that investing is so easy if I wasn't active in this section regularly. Sometimes small ideas can be the turning point in our life. Earlier I understood that investing means I have to accumulate a lot of money and I have to invest a lot of money but after learning about the DCA method of investing, investing now seems a lot easier for me. Earlier, when I tried to manage a large amount of money in the field of investment, the money was spent differently at different stages of management, as a result of which I could not invest at the right time even after trying.  But currently in DCA investment method we can invest money only when we have money so that there is no possibility of spending money. 

You hold your investment for long 14 months and gradually you increase your investment, also you hold your investment for longer period.  To make your investment more long term you can create emergency fund for investment. The advantage of creating an emergency fund is that your investment will never be irregular, that is, even if a financial crisis occurs, you can invest consistently from that emergency fund.

I have already held my investment for almost two years and I am satisfied at this stage of the market but I am not interested in selling the investment now. I have enough profit on my investment now but I will not sell my investment because I have a plan till certain time and I will definitely hold the investment till that time.

I have three emergency funds for investments and always try to invest consistently but if I ever have a financial crisis I use my emergency fund for investments. But if I spend money from the emergency fund, I try to replenish that fund very quickly later because it keeps me more focused on my investments.

[Samlucky O]

You didn't get my points, talking about p2p isn't about exchanging Bitcoin with fiat but rather as a means of performing transactions with one another, okay after you must have accumulated as many bitcoin as you can will you just leave it their for decoration or remembrance? Not actually as you would also want to use part of it to afford some things you needed in life and you can buy from people that uses Bitcoin as a medium of payment as well that's my point so don't misinterpret what I'm saying when I talk about p2p because I'm actually referring to a decentralized system of dealing directly with whom ever I want to do transactions with rather than using centralized medium like the banks and other third party methods.

Actually fellow I know that bitcoin is used for transaction and of buying and selling of goods and services, and not a thing of decoration according to you. This is where you get it all wrong, Now what I want to let you know is that when talking about bitcoin investment for a long term there is no need of using it for transaction anymore. Now the accumulated Bitcoin becomes a prisoner to you in your portfolio and not to be released till when the need arises, and that is tactically creating scarcity and it will definitely add value because you have also reduce the number of bitcoin in circulation. I think when we talk about Bitcoin invest using DCA, we convert fiat to btc and keep in wallet or portfolio an the reason for converting it is to use it as a hedges against inflation and keep as store of value for future porpos. So there no need for frequent transaction. I think emergency fund has already been set aside, talking about using Bitcoin for transaction doesn't sound nice. Although many people might use Bitcoin as a medium of transaction but that is not a close range to HODLers. Because the mindset of the HODLers is to convert fiat to btc and keep for a long term and not to be used for frequent transaction. The concept or notion of HODL, is to hold onto Bitcoin as much as possible for a Long term, an when the time of harvest has come it will either be used as a direct P2P transaction with bitcoin or better still be converted to fiat according to how the HODLer feels.

We are accumulating bitcoin for the future in other for it to stand as medium of exchange of goods and services and also to replace the use of fiat since it is a digital currency so it's only when we have acquired alot in our portfolios that we can make it's adoption become a reality so let's keep accumulating because that's exactly the stage we are in for now.

I don't really think we are holding bitcoin to replaced the use of fiat in the future. But rather holding for long because it's a great store of value compeard to other assets. Fiat is Fiat and can not be replaced, but bitcoin is rather used as a medium of reviving it's lost value of the past against the future. because as Time goes on fiat keeps on depreciating while bitcoin keep appreciating, so in the nearest future what Bitcoin will only do is to replenish the lost value of your fiat by doubling or tripling your investment and also adding value of volatility to it, making it X10 or X 20 of your investment. Because it has a higher volatility compared to other assets. Though I know that Bitcoin volatility is not always forward ⏩ it also goes backward 🔙 but it has been proven over the years that it will still rise beyond expectations. So with HODLing your future is assured.

[Hewlet]

What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no?

in as much as gaining the basic knowledge about bitcoin is important, having a mere knowledge without application is a totall waste of time. Their are times when basic knowledge is important and their are boards and threads assigned for such discussion, and from what has been regularly reiterated here, those that lack the basic knowledge on bitcoin investment have been regular advice to go back and do the necessary research and come back to the thread so they can contribute positively and meaningfully.

Investing in bitcoin is basically the primary thing that makes you an active member of the forum because you can't really share an experience in this field when you've not started accumilating bitcoin and you've not used a particular strategy you've either learnt from the board, the head or one that is convenient for you. The whole essens of the forum and the reason why it is the most active bitcoin forum is because the people here are not mere motivational speakers that read shit about bitcoin and are sharing the knowledge based on what they learnt. This is a conglomerate of experienced and new investor that shares their wealth of experience with new investors all for the whole essence of making profitable investment

[Justbillywitt]

What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no?

in as much as gaining the basic knowledge about bitcoin is important, having a mere knowledge without application is a totall waste of time.

No knowledge is a waste actually. If it's not handy for you at the moment it will surely benefit you at one stage in your life. That you are not applying it now doesn't mean you won't apply it later. There are people who tend to understand more of the theory before venturing into practical aspect of it.

Their are times when basic knowledge is important and their are boards and threads assigned for such discussion, and from what has been regularly reiterated here, those that lack the basic knowledge on bitcoin investment have been regular advice to go back and do the necessary research and come back to the thread so they can contribute positively and meaningfully.

There is no need in sending anyone who has no basic knowledge about bitcoin to go back and research elsewhere before coming back here. They can also learn from here. Where is the best place to learn from I not in the midst of people who has been in bitcoin for long and are continually sharing their knowledge. They can learn here, the only thing is they can do more of reading than posting.

[jossiel]

I have three emergency funds for investments and always try to invest consistently but if I ever have a financial crisis I use my emergency fund for investments. But if I spend money from the emergency fund, I try to replenish that fund very quickly later because it keeps me more focused on my investments.

I think you got it wrong when you're using the term of emergency funds and investments. Emergency funds are there for any unexpected expenses that you're going to use.

While for investment, you have it planned and that's why you're going to use money there for exactly that will be there.

If you're in a financial crisis, that's when you'll be using your emergency funds but it's not just limited to that use. It's just so happen that I think that I understood it differently based on what you've said.

And you're doing the right thing of replenishing it once used.

[Mayor of ogba]

So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..

However, in the strategy that I have done, I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two weeks. So I think I will get a chance that might be more accurate to get a cheaper price.

Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip. The reserved fund is the fund that will help you in the future to take care of your financial needs when you lose your source of income or job, so that you will not depend on your bitcoin investment to settle your personal needs.

The more days passes by so do more newbies flood the system. Most came with the notion of leaning new things like learning the accumulating process. Why some came with the notion of Merit hunting to rankup and apply for signature campaign. Although I can't question anybody on h/her reason of flooding or spamming the board but as an intellectual fellow you are, I know you are fully awear about it and just decided to play along. Because I know by now you should have known the difference between the sheeps from the goat or the spraut from a bean. But the main thing in life as I have learnt so far in this forum is that a reasonable word is better than a thousand junk of word without meaning. One should be able to sit down and understand when there is communication and when there is no communication.

Newbies will continue to come to this thread because this thread will help guide them on the right path to take in accumulating bitcoin so that they will not make a mistake that will make them sell their bitcoin at a loss and never want to invest in it again because of the bad experience they had. You don't need to talk down on someone just to gain favor. If you see anyone spamming this thread, you have to correct him or her on how things are being done here, but if they refuse to take the correction and are still spamming this thread, you can report them to moderate. If it's easy to get merit on this forum, everyone should have been on the list of member ranks, but it is not easy to get merit here, so any newbie who got merit on this thread deserves it because he or she has tried to share a meaningful comment or material that will be useful to the members coming to this thread. I will put it to you that you are here for merit haunting because you have not been on this thread for a long time and you decided to come back to this thread because you have not been getting merit recently from other threads.

[ginsan]

So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..

However, in the strategy that I have done, I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two weeks. So I think I will get a chance that might be more accurate to get a cheaper price.

Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip. The reserved fund is the fund that will help you in the future to take care of your financial needs when you lose your source of income or job, so that you will not depend on your bitcoin investment to settle your personal needs.

Yes, maybe you misunderstood in another context, meaning that I want to interpret that the reserve funds are for accumulating Bitcoin and are not a benchmark for my economic sustainability because I only use 10% of my income to invest in Bitcoin. So within that 10% of course I didn't budget to save it in reserve funds to buy at low prices. But I will use that 10% to buy Bitcoin with the DCA strategy once every two weeks or twice a month as I did in the previous stage.

So, for that reason, you need to have a good understanding of allocating your finances when investing in Bitcoin. If you are able to budget 10% every month then it will no longer be touched for all your life's needs because you have the other 90% to meet your life's needs. So, that way you won't be stressed about the investment you make because you don't need the money for other purposes.

So some of them have budgeted above 10% or 15% to invest in Bitcoin but they have thought this through carefully in all their decisions because if they are stressed then their investment planning could stop midway.

[Hallroom]

So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..

However, in the strategy that I have done, I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two weeks. So I think I will get a chance that might be more accurate to get a cheaper price.

Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip. The reserved fund is the fund that will help you in the future to take care of your financial needs when you lose your source of income or job, so that you will not depend on your bitcoin investment to settle your personal needs.

The more days passes by so do more newbies flood the system. Most came with the notion of leaning new things like learning the accumulating process. Why some came with the notion of Merit hunting to rankup and apply for signature campaign. Although I can't question anybody on h/her reason of flooding or spamming the board but as an intellectual fellow you are, I know you are fully awear about it and just decided to play along. Because I know by now you should have known the difference between the sheeps from the goat or the spraut from a bean. But the main thing in life as I have learnt so far in this forum is that a reasonable word is better than a thousand junk of word without meaning. One should be able to sit down and understand when there is communication and when there is no communication.

Newbies will continue to come to this thread because this thread will help guide them on the right path to take in accumulating bitcoin so that they will not make a mistake that will make them sell their bitcoin at a loss and never want to invest in it again because of the bad experience they had. You don't need to talk down on someone just to gain favor. If you see anyone spamming this thread, you have to correct him or her on how things are being done here, but if they refuse to take the correction and are still spamming this thread, you can report them to moderate. If it's easy to get merit on this forum, everyone should have been on the list of member ranks, but it is not easy to get merit here, so any newbie who got merit on this thread deserves it because he or she has tried to share a meaningful comment or material that will be useful to the members coming to this thread. I will put it to you that you are here for merit haunting because you have not been on this thread for a long time and you decided to come back to this thread because you have not been getting merit recently from other threads.

New members can actually learn about depositing bitcoins from here, how to deposit bitcoins and what are the benefits of holding them for a long time? All such education can be acquired from here. There are many wise people in this thread who have very valuable discussions. All suggestions discussed here by reputable members are DCA method discussions about Bitcoin.

[Marvelockg]

The lump sump strategy that I know is very different from the buy the dip strategy, the lump sump strategy is where you buy all at once with all the capital you have but the buy the dip strategy is usually used by investors who only enter the market when the market is just bearish conditions

Let's get this right because it seems everyone seems to be advocating that the DCA method is the best. I know the methord is very popular and most people that might have practiced it in the past might have hard positive result from it but what about a situation that someone has enough money and monitors the price of bitcoin and when it gets bearish to a  particular range of value he buys it and does that continually for the particular number of
year.

I know it might seem like the same thing that traders do but you're not monitoring the price for the purpose of trading when the price goes up but what you're just after is the most convinient price you're going to be buying whenever you want to buy.

[Tmoonz]

but what about a situation that someone has enough money and monitors the price of bitcoin and when it gets bearish to a  particular range of value he buys it and does that continually for the particular number of
year.

For me I don't see any smartness in this and I see it as something that will make an investor not to accumulate his Bitcoin, considering the fact that there is no certainty as per knowing the breaking point of the bear market before the bull, and there is a possibility of the bear market not have gotten to the range of value expected before the bull, what if it couldn't get to the range of value expected? You might miss out buying Bitcoin for that year according to your expression while others would have been adding to their portfolios. Why not consider dividing the budgeted sum in two parts and starting with dcaing either weekly or monthly and buy wholesomely when there is downward trend in the market. Thou is just a suggestion the choice is yours and always know that what happened in the past may not happen in the future.

 Always Stay focused and informed, working towards achieving your expected goals and objectives.

Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip.

For me i think the reserves fund may be use to cover up certain non routine or  scheduled expenses as well buying at the dip if there is a  better chances of replenishing it as soon as possible after making provisions for your daily upkeep and your emergency funds of up to 3 - 6 months worth of your salary as expected.

[Out of mind]

No matter how much the price of Bitcoin increases, if Bitcoin is deposited regularly, one should always continue to invest in the DCA method. Because if we invest every week then we will calculate monthly average. And if I invest monthly DCA method then I will calculate annual average. By calculating the average price that will come, of course, we should continue our investment in this way. Investing as an average is less likely to result in a loss, because if the price of Bitcoin goes up, we will have a price chart with the median as the price from the lowest to the highest. Because if we have invested 10-15 dollars per week then we will average the average price list.

When you invest using the Bitcoin DCA method, you will make a profit even if the market price of Bitcoin goes up, but you will not fall into losses. The core of the DCA method is that you have to keep investing all the time, and when you keep investing in bitcoins and once the price of bitcoins has skyrocketed to the highest ATH, it is possible to make a lot of income. If you invest every week then surely you will get a good fraction of bitcoin calculated monthly, and you must do it using DCA. If Bitcoin price increases more in a month than you will gain a lot and if it decreases you will not suffer so much but using DCA you will be in a phase. If you can make an average chat every week or month then it is best to invest as you can expect good things and profit from it.

[JayJuanGee]

[edited out]

As a newbie I have been thinking about the powerful thread in the meantime taken a chance how to write me.

One of the trader who trade in business place for the best return basically his expectation 50% or 100% or also more how much become he more delightful.
As a assumption the price of cryptocurrency 2030 maybe 543K which price by today is 48k.

Why late! if you have enough money to invest! You must buy today last week its price was 43k.

We are not talking about cryptocurrencies or shitcoins in this thread.

If you meant to say bitcoin, then why didn't you use the word bitcoin?

if you don't know how to use the word bitcoin, then you likely do not understand bitcoin, and you need to learn how to use the word bitcoin in order to not be presenting gobble-dee-gook ideas merely because you are trying to sound smart, and one of the first steps is to know when you use the word bitcoin and when to use the term cyptocurrency.. perhaps if you are denigrating shitcoins or maybe in a context in which you have clearly distinguished bitcoin within the context of your use of such otherwise vague and meaningless term.

[edited out]

What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no?

Yes, people to think about bitcoin as a ponzi, and they don't really tend to understand what bitcoin is.. and I still see no reason to get worked up at the term investment, especially since a lot of people also don't know how to use the term investment in relation to bitcoin because they may well be thinking about their "investment" into bitcoin as a means to get short-term profits in dollars, which is probably more like trading and gambling than investing, so in that regard they are considering bitcoin differently and don't really understand long term investing, even though technically they are still investing, but just not in the sense that many longer term bitcoiners understand the term investing when it comes to bitcoin.

Probably one of the better solutions is largely attempt to put these matters in context without abandoning preferences to talk about bitcoin as an investment - including the various ways that many of us consider investing into bitcoin in the long term with our time, energy and monetary value.

People are going to speculate about bitcoin and not even know it very well, and there are likely many folks who are just getting into bitcoin, and it may well take them a whole cycle of investing (buying bitcoin, accumulating and/or holding) and also studying, reading about it, researching into it, writing about it, before the really start to begin to have greater understandings of bitcoin.

Look at you and me, for example Wind_FURY, we argue about various bitcoin fundamentals, even though we agree about several aspects of bitcoin too, so frequently even longer term bitcoiners can disagree and even have various misunderstandings about bitcoin.. I am no exception to having those kinds of misunderstandings about various aspects of bitcoin and sometimes needing to change my ideas and/or my ways of talking about dee cornz.

Part of my point would still be to express a preference to frame our descriptions and explanations about bitcoin in largely positive terms within a context and not getting caught up in semantics in regards to what gambling, trading and/or bad short-term (perhaps fiat-based) misunderstanding that they might have in regards to bitcoin.  It is likely going to take people time to come to realize that bitcoin is likely amongst the soundest and best of investments (if not the soundest and best), and so in that regard, even if bitcoin experiences a lot of ongoing and likely inevitable volatility that goes in both directions, they likely should be mostly striving to accumulate it and hold it even if frequently in the beginning years (perhaps a whole cycle or more) their holdings might experiences of times in which it might not be in profits.

So being directionally correct pays off even if there are likely to be some mistakes along the way. .and the mistakes may or may not be perceptible at the time that they are being made... there can be some questions or tensions regarding how much of a balance to keep in various accounts that we might create. .and questions about whether we can put off some expenses (defer them) or if we might spend time trying to earn more income or if we might set aside some value to prepare for dips, and how much value do we want to keep on the sidelines for preparing for dips versus just buying right away or spreading our BTC buys out over a whole week..

However, in the strategy that I have done, I am not too interested in focusing on setting up reserve funds to wait for cheap price because I tend to accumulate Bitcoin every two weeks. So I think I will get a chance that might be more accurate to get a cheaper price.

Saving up a reserve fund doesn't mean you will use it to accumulate bitcoin when the bitcoin price is in a dip. The reserved fund is the fund that will help you in the future to take care of your financial needs when you lose your source of income or job, so that you will not depend on your bitcoin investment to settle your personal needs.

Some of these arguments about what to call and how to use your emergency funds, reserve funds and/or float money may well be semantical arguments, but at the same time there can be some practicality in regards to how much cash anyone might build up in those kinds of funds and for what purposes they might assign the funds without ending up putting themselves into a bad situation in which they might use too many of the funds when actual emergencies might end up thereafter presenting themselves and they do not end up having sufficient funds in order to cover the possible emergencies for which they were supposed to be prepared.

[Ricardo11]

The psychological impact of making a large purchase all at once versus employing a DCA strategy can indeed influence one's perception and decision making process. When purchasing everything at once there a sense of commitment and finality which may lead to feelings of regret or doubt if market conditions change suddenly.

On the other hand DCA spread out the investment over time reducing the immediate impact of market fluctuations and potentially alleviating regret if prices drop shortly after the initial purchase. This approach can provide a sense of security and discipline as it minimizes the risk of making a significant investment at an inopportune moment.

Both strategies can lead to profits over time provided that the investor has the patience and commitment to hold onto their investments through market fluctuations. The key lies in maintaining a long term perspective and staying focused on one investment goals rather than becoming overly influenced by short term market movements or past decisions.

The most important thing to profit from investing in Bitcoin is, patience and holding. Investing in Bitcoin can be successful if you are patient and hold it for a long period of time. Some people who first invested in Bitcoin and Stop holding for lost patience in fear of Bitcoin's price, rise will now understand, and regret it greatly. Because the price of bitcoin is now around 50k over 49k, if they had been holding bitcoin since then they would have got a lot of return by now. But the past is past, now they should start investing in DCA method from now, instead of worrying about the past. Or they can make one big purchase at once if they want. But the only aim should be, long term holding, holding and holding. Only then can they achieve success.

[Roseline492]

[edited out]

What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no?

Yes, people to think about bitcoin as a ponzi, and they don't really tend to understand what bitcoin is.. and I still see no reason to get worked up at the term investment, especially since a lot of people also don't know how to use the term investment in relation to bitcoin because they may well be thinking about their "investment" into bitcoin as a means to get short-term profits in dollars, which is probably more like trading and gambling than investing, so in that regard they are considering bitcoin differently and don't really understand long term investing, even though technically they are still investing, but just not in the sense that many longer term bitcoiners understand the term investing when it comes to bitcoin.

That's a very nice clarification @JayJuanGee because not everybody that thinks or believe that they are actually investing on Bitcoin is true because there is no way we can classify investment on Bitcoin for a long term and those that invest with a short-term profits making, however funny enough most of them have the mindset that weather short-term or long term that they are all investment without knowing that there is a big difference from the two, although i wouldn't blame them because they have no knowledge about what Bitcoin investment is all about, perhaps just like you mentioned is only those who have been into Bitcoin investment earlier will actually understand what type of investment should be regarded as a true investment.

[salad daging]

Let's get this right because it seems everyone seems to be advocating that the DCA method is the best. I know the methord is very popular and most people that might have practiced it in the past might have hard positive result from it but what about a situation that someone has enough money and monitors the price of bitcoin and when it gets bearish to a  particular range of value he buys it and does that continually for the particular number of
year.

I have been practicing DCA for almost two years and now feel a pretty good profit in the portfolio but I will not sell sooner because I will continue to accumulate in this way DCA is the best way where collecting bitcoin does not have to be difficult in the sense that within $50/week it is more than enough.

Those who have enough funds to buy all at once during the bearish time it is better their budget is big enough then they can afford to do that, but for me it will not be able to afford it so I jumped to the DCA strategy which I am more able to do all the time and the expenditure and income to bitcoin is much more stable and that is why many people practice DCA.