Buy the DIP, and HODL!

[Kwarkam]

I can see you're now getting the gist , at first try and arrange your post quoting properly, that why I told that most people use shit Coin for short term profit during trading cause of the risk, yeah there people who are making from trading and all that but before getting to that stage , you don't want to imagine the Shit you going to pass through, and it take alot of practicing and skills to get there. But in investing you just need basic knowledge and you good to go with your accumulation. Like when I was still into trading due to the losses I didn't have the guts to recommend trading To my friends but I can gladly recommend them into holding of bitcoin and doing so, I don't have to stress my self to say too much , bitcoin growth as already made it obvious on how amazing bitcoin is . So if you still insist in trading I would advice you to trade wisely and as trading try accumulating more bitcoin ( for holding not trading) and don't let your trading affect your bitcoin accummulation.

Trading is not advice worthy, you'll make a lot of bad acquaintances if you tell people go trading😂
Good point about your last line, there. Holding has proven it's worth, and I've preached it, all every bull run gives me a reference.

[FinePoine0]

I can see you're now getting the gist , at first try and arrange your post quoting properly, that why I told that most people use shit Coin for short term profit during trading cause of the risk, yeah there people who are making from trading and all that but before getting to that stage , you don't want to imagine the Shit you going to pass through, and it take alot of practicing and skills to get there. But in investing you just need basic knowledge and you good to go with your accumulation. Like when I was still into trading due to the losses I didn't have the guts to recommend trading To my friends but I can gladly recommend them into holding of bitcoin and doing so, I don't have to stress my self to say too much , bitcoin growth as already made it obvious on how amazing bitcoin is . So if you still insist in trading I would advice you to trade wisely and as trading try accumulating more bitcoin ( for holding not trading) and don't let your trading affect your bitcoin accummulation.

Trading is not advice worthy, you'll make a lot of bad acquaintances if you tell people go trading😂
Good point about your last line, there. Holding has proven it's worth, and I've preached it, all every bull run gives me a reference.

This is not about trading, it is about how we can save Bitcoin in the long run. We protect our bitcoin holdings by following the same approach as how bitcoin hedges risk in the long term, and the DCA method helps control the average price. So we will discuss holdings as any other discussion may change the mind of investors, so we only apply to the discussion of how to accumulate bitcoins for the long term.

[Neobanks]

The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.

It's certainly true that Bitcoin market is dumping but I still believe that the declining will not take much time before it will appreciate and this time the appreciation will be in parallel increase in the price of Bitcoin. However, the decline in the price of Bitcoin is a good opportunity for investment in Bitcoin market and to acquire more Bitcoin as possible but irrespective of the unexpected decline in the price of Bitcoin I think it will good for one to have adequate knowledge and understanding of Bitcoin price focasting and proper budget  planning before thinking of investing much money to Bitcoin.

I smell regret for those who will not buy now. Bitcoin is trying to give those who have been reluctant more and more opportunity to bag more they have now if there is money. For me this is point in the market i aggressively buy in as much i am still dcaing. The whole point of the dca is to ignore the market price. Truly we should just continue dcaing no one knows if this is a top or bottom or just like what everyone is saying that the market is correcting itself. That is bullshit, correcting or no correcting we should buy it doesnt stop us from buying.

It would have made more sense to stop buying if we know when the price will go down but unfortunately no one knows what will happen in the market. But there is something certain in the market, once bitcoin exceeds some level in the market it never hoes down to that price ever again. Keep buying till 2024 is over.

In my opinion, those who are still sitting on DIP to buy. ...now is the time for them, I had some doubts about DIP but now my attitude has changed.
Suppose after 3 months if the price of BTC is 80k or 100k, then if we consider the price at that time, now its price is in DIP. This is simple calculation. yes those who don't buy BTC now will regret it in the future as it seems to be at rock bottom right now.

Considering the flutuation in the present price of Bitcoin there may be expectable more declining in price, although it's not certain but it seen to happen and if this happen those that are in rush to buy Bitcoin now may still regret for not waiting for minimum decline before making the investment. However, the present decline may be an avenue and the opportunity for those that were not financially able to invest at the high price of Bitcoin to invest and accumulate more Bitcoin as much as they may possibly afford with the expectation of a near future appreciation of Bitcoin price.

[Obim34]

Bitcoin does not necessarily need advertisment because when something is too good it can't be hidden, it is a choice to either invest in Bitcoin or not, advertising Bitcoin now is not something to be bothered about because it has pass that stage  and has gotten the recognition needed . Investing in Bitcoin should become more of self convinction and not because it is what every body is doing or talking about, who will invest will invest and who will not invest will not invest irrespective of how much discussion and adverts.

Bitcoinb has become the volume and preferred investment for investors, making it is the best experience and source of income for investors around the world. There is no doubt about its popularity and acceptance . But until Bitcoin's legality is fully clarified ,the hype will continue. Attention to legalization can increase its naturalness and acceptance. Advertising gives people the right information about the benefits and risks of Bitcoin which increases their confidence in this new and important asset.  Without regulatory clarity, advertising is a necessity so that people get accurate and truthful information and are well guided in their investment decisions. Advertising Bitcoin can increase its acceptance even faster and help people understand its value and future.  Therefore , until Bitcoin legal framework is in place, advertising will continue to be required.

Bitcoin have passed the level of advertisement, and it would be on whose accord to do that. Bitcoin is already famous for SEC to have approved bitcoin ETF, that alone has made bitcoin more popular than before, because it has given room to those that don't believe in bitcoin to believe in it, and adopt it.

If you feel that bitcoin is not yet popular in your region or location, you can volunteer to educate people in your neighborhood about bitcoin and investing in it. You should not force anyone to accept what you say, but only the ones that shows interest in bitcoin should be taught.

Many financial institutions already know about bitcoin and its potential. El Salvador has adopted bitcoin without advertisements, and the country has their reserve funds in bitcoin. All the second world countries government knows about bitcoin, because initially they saw it as a threat to their fiat currency.

There isn't any actual necessity to advertise Bitcoin, probably a social media campaign, ads or whatever is not a good one. I came to realize that Bitcoin is already as more versatile than we think, just that most people who claims to know nothing must have heard about Bitcoin but only ignorant on how it works, too lazy to pick up the internet and get details of Bitcoin.

Not just alone financial institutions, companies and many other platforms already made Bitcoin as part of payment option, this should tell more about the popularity and wide range of adoption.

[JayJuanGee]

[edited out]

I know I've not been that long in bitcoin but at least if this bull run is over I would count that as one cycle cause I started accumulating during the bear market and one thign I noticed is how much it is hard to hold in such market conditions and how it can affect the best of us especially those that have a major portion of their asset or Value stored in bitcoin,

I am confused.  I thought that you ONLY recently started accumulating bitcoin.. so if so, you were not investing in a bear market.

And, even if you started investing in the last 16 months, it was not a bear market.

I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.

You cannot proclaim that it was a bear market merely because it was below the previous ATH.. the fact of the matter of the last 16 months is that the BTC price had been pretty much going up the whole time even though there were some corrections in there and some of us might not have had been clear about it having had been a bull market the whole time.

In other words it is a bunch of bullshit when people are mislabelling what kind of market that we were in....

Now, if you had been in the market in late 2021 and through out 2022, then you would  have been in a bear market, yet you would not have realized that you were in a bear market until maybe some time around May 2022 it became somewhat clear that we were in a bear market.

I will grant you that we don't really necessarily know what kind of market we are in at the time that we are in it, so sometimes we should be talking with some caution about what kind of market that we are in, especially since laboring what kind of market we are in is a lagging indicator, and the mere fact that we might be in a bull market and there are some corrections in the middle of the bull market, the market does not change merely because there is a correction, even though we might not know where we are at, even though at any given time, we can see that we are in an uptrend or a correction or maybe a consolidation range.

Anyhow, part of my point is that the dynamics are different if you are getting in and you are buying while the BTC prices are going up as contrasted if you are buying while they are going down.

Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).

Maybe you need to explain your timeline again in order for me or anyone else to understand when you were buying and what you were doing because my sense (or memory.. which might be faulty) is that you have not even been buying more than 16 months.. so therefore you were likely buying in a bull market, even if you might not have had realized it.. but feel free to correct me if my memory is wrong.

although I was so early I've had thoughts of how the old folks manages go persiver through all those hard times and one thign that came to my mind is how they all had a personal conviction about their investment In bitcoin and how they all consistently continued in their buying of bitcoin in all market conditions.

There is no way to answer for everyone, but if you are buying (or establishing a position in) bitcoin, then you could front load lump sum, DCA and/or buy on dips, and so maybe you could have a target allocation that you are wanting to reach in light of the rest of your investment portfolio... so if you initially establish what your target allocation is going to be, then it could make some differences if you are acquiring your position while the BTC position is going up versus acquiring it while the BTC prices are going up.

If you are not sure about what your target is, then you would just have a budget and just continue to accumulate BTC.. within the budget, and if the budget is not very BIG, then it could take several years before you try to consider or figure out what your target level of  accumulation is going to be.

If you are worrying about getting in and out then you are trading/gambling and not investing.. so yeah, it likely depends on what kind of mindset you come to your investment... and of course, anyone is likely going to become nervous when the price is moving around a lot and he is still trying to establish his position since it could take a year or two to establish.. or maybe if there is lump sum investing up front, it still could take 6 months or more to establish a position, but if the price is moving around a lot then there could be some rethinking that ends up happening becaue the price is moving around a lot and perhaps the movements of the price could challenge the investment thesis. if the price moves had not been anticipated.

IMO in anything one wants to achieve great result in life persistence is one attribute that we must have even when thigns are quite against us, and I think one way to actually reduce the impact of those hard times is to have a long term plan for your investment, cause if its a short term or the time duration is too short like a year or two its so possible that your investment can still be mutually experiencing one side of the trend like the bear or maybe you bought at very high prices, you would most likely have feelings of failure in your investment but if you had a longer term plan its easier to have patience cause your approach to bitcoin won't be to solve a short term problem but for a longer term plan, like maybe reaching a fuck you status or retirement.

Well if you would have started out by buying towards the top of the market let's say at various times in 2021.  It could have been early 2021 and then the price goes up and then drops and then goes up again and then drops. or even if you started towards the end of 2021, then you might have had front-loaded your investment, so then your cost per BTC would have had been quite high, and so when the price ends up dropping more than 70%, then you may well be a lot in the negative, and even if you keep buying, maybe you do not have enough money to really off set the amount that you bought at or near the top, so you end up staying in the negative for a couple of years.

A similar thing happened to Bukele (and El Salvador)  He started buying in 2021, so he ended up buying a lot coins at or near the top, and sure it could have had been worse for him, but he (on behalf of El Salvador) had something in the mid $40ks as his average cost per BTC  when the price dropped down to $15,479, and at some point he (El Salvador) resumed buying BTC and even announced in November 2022 that they (El Salvador) were going to resume buying at 1 BTC per day.

So I think it takes some level of commitment to continue to buy at a rate that you believe is reasonable, even while your BTC holdings are in the negative, overall and on average.  So if you keep buying while the price is below your average costs, each time you buy more BTC, you are bringing down your average costs per BTC... even though it may be just little by little, but then it does not take as much for the BTC price to go up in order for your BTC holdings to get back into profits.

From my little experience I know that it has been way easier for me to have patience and be consistent cause I know that my plan is for a much further future so I just tend to keep my eyes of profit and loss and focus more on accumulating bitcoin.

It may well be similar for anyone.  If you have decently strong confidence that each new BTC purchase that you make is for 4-10 years or longer, and so even if you have older coins and newer coins and each of your purchases have differing costs, you still can also average them out and there may well be some excitement to be continuing to buy and bringing down your average cost per BTC, even if your holdings is still in the negative in the process of going through such ongoing BTC purchases.


By the way, any guys waiting for dips, now we have slightly more than 12% (from $73,794 down to $64,780, so far). Who knows if the BTC price is going to go lower on this particular correction.

[Odohu]

The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.

It's certainly true that Bitcoin market is dumping but I still believe that the declining will not take much time before it will appreciate and this time the appreciation will be in parallel increase in the price of Bitcoin. However, the decline in the price of Bitcoin is a good opportunity for investment in Bitcoin market and to acquire more Bitcoin as possible but irrespective of the unexpected decline in the price of Bitcoin I think it will good for one to have adequate knowledge and understanding of Bitcoin price focasting and proper budget  planning before thinking of investing much money to Bitcoin.

It is not about what you believe as that cannot change what the market wants to do. Instead of focusing in that, your plans should be how to take advantage of the opportunity the market is offering you with the declines and purchase some Bitcoins as your finances permit. Following thus thread should motivate you to be invested in Bitcoin already while you continue to improve on your knowledge of Bitcoin.

I usually feel happy when I see new people join us because I was once a newbie and I made a lot of mistake when I started. Being active in this forum and engaging in the discussion help shape my understanding which helped in my decision making process. I always appreciate the process that brought me this far and I'm grateful for the opportunity to be part of Bitcoin.

[Negotiation]

I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.

Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.

[JayJuanGee]

I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.

Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.

You are reading me out of context.  I was talking about anyone who may have been investing in bitcoin in the last 16 months has been investing in a bull market, and even if you have intentions to invest longer than 16 months, there surely are quite a few forum members who are participating in this thread who started in the last 16 months.

Furthermore, your forum registration date is coming upon 5 years, so maybe you are getting close to 5 years of investing into BTC.?

By the way, another thing that I frequently mention is that anyone who considers himself as an investor in BTC and buys new BTC should have a plan to invest 4-10 years or longer for any new purchases that he makes, otherwise from my point of view, he would be considered a speculator rather than an investor on those new purchases if he is not able to consider an investment timeline of at least 4 years.

[Btcdeybodi]

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow)  am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.

I think there are not a few people who initially doubted bitcoin especially when bitcoin was not as well known as it is now in the eyes of the public, but with the growth of bitcoin which does bring certainty for a more beautiful future along with quite a number of people who have managed to take advantage of a fairly large amount then indirectly this event makes people involved in accumulation even though at first they always carry doubts in their minds. On the other hand you gave very good advice and direction by suggesting him to use the DCA approach as the initial stage of involvement, and of course this is a good suggestion because DCA is more specialized for those beginners who just want to jump in by investing the same amount (not too big is fine) in the long run which can indirectly keep their financial situation balanced and can make them make maximum profits in the future as long as they don't delay too much during the allocation period.

One thing with human is that when something is introduced newly not everyone will show interest yet because they are afraid if it will have a future, every one is careful with their investments as no body want to lose while investing. The few that embraced Bitcoin when it was introduced, had the most advantage of it and some of them who were so determined to continue investing saw a "light at the end of the tunnel"
I have come across various posts talking about using the DCA as a beginner in Bitcoin investment but that's not a prerequisite that when you use the DCA that you are good to go but what is important is your ability to maintain the DCA because it is not just about saying it but actions matters a lot like what effort will you be putting in place to make your DCA survive the test of time so before thinking of DCAing, a reliable source of maintaining the DCA must be put in place

[Barikui1]

I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.

Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.

By the way, another thing that I frequently mention is that anyone who considers himself as an investor in BTC and buys new BTC should have a plan to invest 4-10 years or longer for any new purchases that he makes, otherwise from my point of view, he would be considered a speculator rather than an investor on those new purchases if he is not able to consider an investment timeline of at least 4 years.

You are actually right on this sir, I have not been into this crypto space for too long, but have done a lot of research and findings and what I have observed and take notice of is people that bought Bitcoin with the intention of holding it for a very long time like 4 years upward as you mentioned, are people that benefited the most from their investment, because I have seen that Bitcoin investment is more beneficial to a long term holder, than a short term holder, and during the cause of that lengthy years, the accumulation of that person will be much more impressive if he or she keeps to his accumulating strategy during that time, and he will sure reap bountifully when the perfect time comes that he wish to take some profit.

[Troytech]

[edited out]

I know I've not been that long in bitcoin but at least if this bull run is over I would count that as one cycle cause I started accumulating during the bear market and one thign I noticed is how much it is hard to hold in such market conditions and how it can affect the best of us especially those that have a major portion of their asset or Value stored in bitcoin,

I am confused.  I thought that you ONLY recently started accumulating bitcoin.. so if so, you were not investing in a bear market.

And, even if you started investing in the last 16 months, it was not a bear market.

I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.

You cannot proclaim that it was a bear market merely because it was below the previous ATH.. the fact of the matter of the last 16 months is that the BTC price had been pretty much going up the whole time even though there were some corrections in there and some of us might not have had been clear about it having had been a bull market the whole time.

In other words it is a bunch of bullshit when people are mislabelling what kind of market that we were in....

Now, if you had been in the market in late 2021 and through out 2022, then you would  have been in a bear market, yet you would not have realized that you were in a bear market until maybe some time around May 2022 it became somewhat clear that we were in a bear market.

I will grant you that we don't really necessarily know what kind of market we are in at the time that we are in it, so sometimes we should be talking with some caution about what kind of market that we are in, especially since laboring what kind of market we are in is a lagging indicator, and the mere fact that we might be in a bull market and there are some corrections in the middle of the bull market, the market does not change merely because there is a correction, even though we might not know where we are at, even though at any given time, we can see that we are in an uptrend or a correction or maybe a consolidation range.

Anyhow, part of my point is that the dynamics are different if you are getting in and you are buying while the BTC prices are going up as contrasted if you are buying while they are going down.

Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).

Maybe you need to explain your timeline again in order for me or anyone else to understand when you were buying and what you were doing because my sense (or memory.. which might be faulty) is that you have not even been buying more than 16 months.. so therefore you were likely buying in a bull market, even if you might not have had realized it.. but feel free to correct me if my memory is wrong.

Nah I've not been up to 16 months in, I've only been 6 months in although I started beign consistent from December, but now I'm confused can please explain more about the bear market and the bull market, cause i initially thought that the bear is when bitcoin is experiencing a price decline and much people are selling instead of buying while the bull is when bitcoin is appreciating in price and more people are buying instead of selling. This has been the definition of what a bear market and a bull Market has been to me, is there a better way to define this or have I been wrong with my own personal definition or concept of bear and bull markets.

If I started buying before December or rather let me use December, the trend was kind of bearish casue we were still experiencing some kind of price decline and I think bitcoin also had a major dip or correction to 25k around that same period of time, so i think anyone nee to bitcoin woudl assume they are in a bull, that's why I've been thinking that way.


I highlighted a paragraph out, I've not been mixing strategies, I've been buying but I always thought we have been in the bear Market and I have also expressed myself in terms if us beign in the bear market but right now I feel my perspective of what a bear market or bull market is shattered, so I think it would be fair if I could explain more about it.

[smelody]

I can see you're now getting the gist , at first try and arrange your post quoting properly, that why I told that most people use shit Coin for short term profit during trading cause of the risk, yeah there people who are making from trading and all that but before getting to that stage , you don't want to imagine the Shit you going to pass through, and it take alot of practicing and skills to get there. But in investing you just need basic knowledge and you good to go with your accumulation. Like when I was still into trading due to the losses I didn't have the guts to recommend trading To my friends but I can gladly recommend them into holding of bitcoin and doing so, I don't have to stress my self to say too much , bitcoin growth as already made it obvious on how amazing bitcoin is . So if you still insist in trading I would advice you to trade wisely and as trading try accumulating more bitcoin ( for holding not trading) and don't let your trading affect your bitcoin accummulation.

Trading is not advice worthy, you'll make a lot of bad acquaintances if you tell people go trading😂
Good point about your last line, there. Holding has proven it's worth, and I've preached it, all every bull run gives me a reference.

This is not about trading, it is about how we can save Bitcoin in the long run. We protect our bitcoin holdings by following the same approach as how bitcoin hedges risk in the long term, and the DCA method helps control the average price. So we will discuss holdings as any other discussion may change the mind of investors, so we only apply to the discussion of how to accumulate bitcoins for the long term.

If you have to benefit, from all kinds of strategies you have to move forward only if you will succeed. Suppose you have a super shop, if you just want from a running product to be more profitable in that case you need to hold a few days, If the price is low or high in the market, you can buy product by following DCA strategies, thus you can keep your capital safe and more profitable if you invest. This strategy will make you more profited by both. And the big businessmen became even bigger businessmen following this method. If you have a lot of money you could invest by HOLD, and after a period you will be beneficial....Simultaneously following DCA can boost your profit.

[Justbillywitt]

If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.

yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow)  am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.

I think there are not a few people who initially doubted bitcoin especially when bitcoin was not as well known as it is now in the eyes of the public, but with the growth of bitcoin which does bring certainty for a more beautiful future along with quite a number of people who have managed to take advantage of a fairly large amount then indirectly this event makes people involved in accumulation even though at first they always carry doubts in their minds. On the other hand you gave very good advice and direction by suggesting him to use the DCA approach as the initial stage of involvement, and of course this is a good suggestion because DCA is more specialized for those beginners who just want to jump in by investing the same amount (not too big is fine) in the long run which can indirectly keep their financial situation balanced and can make them make maximum profits in the future as long as they don't delay too much during the allocation period.

One thing with human is that when something is introduced newly not everyone will show interest yet because they are afraid if it will have a future, every one is careful with their investments as no body want to lose while investing. The few that embraced Bitcoin when it was introduced, had the most advantage of it and some of them who were so determined to continue investing saw a "light at the end of the tunnel"
I have come across various posts talking about using the DCA as a beginner in Bitcoin investment but that's not a prerequisite that when you use the DCA that you are good to go but what is important is your ability to maintain the DCA because it is not just about saying it but actions matters a lot like what effort will you be putting in place to make your DCA survive the test of time so before thinking of DCAing, a reliable source of maintaining the DCA must be put in place

The DCA is talked about so much because it is the best method if strictly followed. Before one talk about investing in bitcoin it is assumed that everything like source of funding is in place. Anyone who talks about the DCA method without following it, is not deceiving anybody but him/her self because at the end of the day it is what you have accumulated that you will stand a chance of profiting. Before you start up your investment journey it is always advisable to have plan, and holding period, something like roadmap so that you will always be guided by it. When it comes to investing in bitcoin we shouldn't just do it any how. We should do it with all diligence, knowing that we are investing our resources there and what we are doing has the possibility of transforming our life.

[teamsherry]

I can see you're now getting the gist , at first try and arrange your post quoting properly, that why I told that most people use shit Coin for short term profit during trading cause of the risk, yeah there people who are making from trading and all that but before getting to that stage , you don't want to imagine the Shit you going to pass through, and it take alot of practicing and skills to get there. But in investing you just need basic knowledge and you good to go with your accumulation. Like when I was still into trading due to the losses I didn't have the guts to recommend trading To my friends but I can gladly recommend them into holding of bitcoin and doing so, I don't have to stress my self to say too much , bitcoin growth as already made it obvious on how amazing bitcoin is . So if you still insist in trading I would advice you to trade wisely and as trading try accumulating more bitcoin ( for holding not trading) and don't let your trading affect your bitcoin accummulation.

Trading is not advice worthy, you'll make a lot of bad acquaintances if you tell people go trading😂
Good point about your last line, there. Holding has proven it's worth, and I've preached it, all every bull run gives me a reference.

Trading is nor the subject of this discussion and bitcoin is not an asset that anyone should be playing around with, it's wrong to give bitcoin the same value as any altcoin and go around messing with it.

Right now I believe that many of us are in very early stages of accumulating bitcoin and our major focus should be on trying to build a proper emergency funds and getting more knowledge about bitcoin, and also a consistent buying no matter the market condition.

Any newbie that deviates from the norm of buying bitcoin into trying to get profits from it at very early stage is actually trading and is messing around with bitcoin, trading is not only when you Invest in altcoin but also when you play around with your bitcoin Invest and that is a note we shoudl all take for ourselves.

[Negotiation]

~snip~

Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.

You are reading me out of context.  I was talking about anyone who may have been investing in bitcoin in the last 16 months has been investing in a bull market, and even if you have intentions to invest longer than 16 months, there surely are quite a few forum members who are participating in this thread who started in the last 16 months.

No, I read your context carefully and shared my experience. 

Furthermore, your forum registration date is coming upon 5 years, so maybe you are getting close to 5 years of investing into BTC.?

Chapter 1.
Well to the point of old times, I saved some Bitcoin(meaning USD not full Bitcoin) and traded on the Binance platform and won some trade then my balance was around $3k. badly said that my Binance account was lost with $2500+USD in BTC pair.  I can not recovery this account.

Chapter 2.
Since I got married, we have been very separated as a family. Our family refused to accept us because of our love marriage. I now spend the BTC I earn to meet my family's needs, where I can't save a bit even if I want to. But I want to save a bit if possible consistently.

[Bloodseekers]

The DCA is talked about so much because it is the best method if strictly followed. Before one talk about investing in bitcoin it is assumed that everything like source of funding is in place. Anyone who talks about the DCA method without following it, is not deceiving anybody but him/her self because at the end of the day it is what you have accumulated that you will stand a chance of profiting. Before you start up your investment journey it is always advisable to have plan, and holding period, something like roadmap so that you will always be guided by it. When it comes to investing in bitcoin we shouldn't just do it any how. We should do it with all diligence, knowing that we are investing our resources there and what we are doing has the possibility of transforming our life.

What you say is very true, in any type of investment of course we must have a source of funding to be able to carry out the investment, because without a source of funding it is very impossible to be able to carry out investments with any strategy, it would be better to have a good plan. investments that we will make before deciding to start because without planning it will be very difficult if we experience difficulties in investing and we could experience failure in investing because we make mistakes and don't have a good investment plan.

Every person who makes an investment of course has hopes of profit from the investment they make and it is important for them to be able to do it well if they want to make a profit on the investment they make.

[letteredhub]

Considering the flutuation in the present price of Bitcoin there may be expectable more declining in price, although it's not certain but it seen to happen and if this happen those that are in rush to buy Bitcoin now may still regret for not waiting for minimum decline before making the investment. However, the present decline may be an avenue and the opportunity for those that were not financially able to invest at the high price of Bitcoin to invest and accumulate more Bitcoin as much as they may possibly afford with the expectation of a near future appreciation of Bitcoin price.

Thats where the deception and the statements of "had I known" usually arises as a result of the thinking that the market will continue to dip to a certain point  before we can then start buying and we end up failing to buy because the market as a speculative one later disappointed us of our expectations and dis the opposite by rising to a new price level unexpected. As a holder with a long term DCAing strategic plan as the market dips at each level that's how we should continue to buy if the money is available, we keep DCAing with each deep instead of waiting for it to get to a certain dip before buy, that idea is a wrong attitude and should be eliminated. Buying the dip doesn't have any price depth it is for us to keep buying and holding as it dips so that when the bull run takes flight we make multiple levels of profits from each point of the dip we bought (DCA) at in total.

[Cryptoprincess101]

Considering the flutuation in the present price of Bitcoin there may be expectable more declining in price, although it's not certain but it seen to happen and if this happen those that are in rush to buy Bitcoin now may still regret for not waiting for minimum decline before making the investment. However, the present decline may be an avenue and the opportunity for those that were not financially able to invest at the high price of Bitcoin to invest and accumulate more Bitcoin as much as they may possibly afford with the expectation of a near future appreciation of Bitcoin price.

Thats where the deception and the statements of "had I known" usually arises as a result of the thinking that the market will continue to dip to a certain point  before we can then start buying and we end up failing to buy because the market as a speculative one later disappointed us of our expectations and dis the opposite by rising to a new price level unexpected. As a holder with a long term DCAing strategic plan as the market dips at each level that's how we should continue to buy if the money is available, we keep DCAing with each deep instead of waiting for it to get to a certain dip before buy, that idea is a wrong attitude and should be eliminated. Buying the dip doesn't have any price depth it is for us to keep buying and holding as it dips so that when the bull run takes flight we make multiple levels of profits from each point of the dip we bought (DCA) at in total.

Buying at a dip price is not a bad strategy, it's just that it is not advisable to keep waiting for a dip before accumulating unless maybe a short term hodler that is just interested in the little profit they would get in short interval of time. Apart from Bitcoin there are other investments that we do in real life that takes so many years before the profits start coming. Investment is not a get rich quick project as it requires a lot of patience and perseverance before you can start recording success in it.
Every long term hodler knows that there is no late time in Bitcoin accumulation process because certainly they will record some profits in the future so they are never afraid to keep accumulating even at a price that looks unbearable.

The reason why some investors fail while using the DCA is improper planning because I see no reason why an investor that have engaged in a lot of investment strategies would not know that before choosing to DCA they need a stable atmosphere that will not deprive them of their continuous accumulation therefore having a reliable source of income and possibly alternative means should in a case where the principal source isn't coming forth again, they can eventually fall back to the alternative means to still continue forwarding the DCA.

[cxtreenal]

The reason why some investors fail while using the DCA is improper planning because I see no reason why an investor that have engaged in a lot of investment strategies would not know that before choosing to DCA they need a stable atmosphere that will not deprive them of their continuous accumulation therefore having a reliable source of income and possibly alternative means should in a case where the principal source isn't coming forth again, they can eventually fall back to the alternative means to still continue forwarding the DCA.

You are right! Why should a man go to DCA if his income is not right. A person can think of keeping his money in a safe place only when he has a consistent income arrangement. And if he is sitting in the gallery waiting for the bull run to break his target after buying Bitcoin on DIP, then he is living in a fool's kingdom.
You should set a target of at least 4-10 years. And in between keep a target on DCA on weekly or monthly basis only then you can reach your destination

[I_Anime]

I can see you're now getting the gist , at first try and arrange your post quoting properly, that why I told that most people use shit Coin for short term profit during trading cause of the risk, yeah there people who are making from trading and all that but before getting to that stage , you don't want to imagine the Shit you going to pass through, and it take alot of practicing and skills to get there. But in investing you just need basic knowledge and you good to go with your accumulation. Like when I was still into trading due to the losses I didn't have the guts to recommend trading To my friends but I can gladly recommend them into holding of bitcoin and doing so, I don't have to stress my self to say too much , bitcoin growth as already made it obvious on how amazing bitcoin is . So if you still insist in trading I would advice you to trade wisely and as trading try accumulating more bitcoin ( for holding not trading) and don't let your trading affect your bitcoin accummulation.

Trading is not advice worthy, you'll make a lot of bad acquaintances if you tell people go trading😂
Good point about your last line, there. Holding has proven it's worth, and I've preached it, all every bull run gives me a reference.

This is not about trading, it is about how we can save Bitcoin in the long run. We protect our bitcoin holdings by following the same approach as how bitcoin hedges risk in the long term, and the DCA method helps control the average price. So we will discuss holdings as any other discussion may change the mind of investors, so we only apply to the discussion of how to accumulate bitcoins for the long term.

If you have to benefit, from all kinds of strategies you have to move forward only if you will succeed. Suppose you have a super shop, if you just want from a running product to be more profitable in that case you need to hold a few days, If the price is low or high in the market, you can buy product by following DCA strategies, thus you can keep your capital safe and more profitable if you invest. This strategy will make you more profited by both. And the big businessmen became even bigger businessmen following this method. If you have a lot of money you could invest by HOLD, and after a period you will be beneficial....Simultaneously following DCA can boost your profit.

Well is not actually fixed that one need to be a big businessman to become successful using different strategies or method of accumulating Bitcoin, aslong one is able to have a good sources to accumulate more bitcoin and same time able to manage his financial situation, while accumulating. Can also become successful while holding Bitcoin, such individual should base mainly on DCAing method ( maybe sometime buying the dip ) with some lump-summing, inorder to build a good portfolio successfully.

Any newbie that deviates from the norm of buying bitcoin into trying to get profits from it at very early stage is actually trading and is messing around with bitcoin, trading is not only when you Invest in altcoin but also when you play around with your bitcoin Invest and that is a note we shoudl all take for ourselves

you're right, I don't see any reason one should trade with his bitcoin while he can just hold and same time accumulate some quantity and watch it grow  in their portfolio, because when trading with your coin yah only killing the potential of it yielding some good profits. Because you can compare those that are holding their Bitcoin to those that are trading with theirs. So you taken such manners in always taking profit when you haven't gotten anywhere with your investment, shows that you are not ready to hold and same time hindering the growth of that investment.

Edited:

You are right! Why should a man go to DCA if his income is not right. A person can think of keeping his money in a safe place only when he has a consistent income arrangement. And if he is sitting in the gallery waiting for the bull run to break his target after buying Bitcoin on DIP, then he is living in a fool's kingdom.
You should set a target of at least 4-10 years. And in between keep a target on DCA on weekly or monthly basis only then you can reach your destination

if the individual has already reach his accumulation destination ( having a enough Bitcoin in his stash already). Taken profit during the bull run after Bitcoin as undergo another breakthrough won't be any issues, because the individual as already hit his Accumulation goal, without he or she selling all his Bitcoin though.  So such individual can decide buying the dip once in a while to just increase his quantities as time goes on after taking some profit from his investment. But those that have just started their Bitcoin accumulation and those low coiners, would have to keep accumulating without thinking of taken profit yet. And it may take a whole cycle for such individual to be able to have accumulate alot of Bitcoin in their portfolio.