Buy the DIP, and HODL!

[Agbamoni]

Anyone else hear about that? I wonder do they fear that the market could fall even further?

Yes i did. Let me put it this way. Not only bitcoin is being hold in the ETF they have various assets like the MSTR which has significant potential as Bitcoin. What actually happens is that money were gradually swapped from pure Bitcoin to ETF holdings. The plan was to take small profit by closing the market in a short while, perhaps they delayed that is what may have cause the bitcoin market to see some crash while the MSTR gets high. It would be a bad idea if the ETF buy high now becuase it will affect the market to dip more and more after the mistake were made. Although it wont go below 60k for now.

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[Stablexcoin]

Does Bitcoin actually have a Dip season?

Bitcoin unlike any other investment asset has a certain period when there is a decline in its price. This period when investors or traders start experiencing this nature of bitcoin is what is meant to be a dip and it is temporary just like when the market starts appreciating. It is the nature of Bitcoin not to stay in one price position for long which is considered volatile movement or price flutuation.

Also, these dips can come anytime but it is mostly determined to be a dip season for bitcoin when the price gets so high like a price recovery or when bitcoin reaches its new all time high. Which it already did last week.

Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.

You may choose to purchase bitcoin anytime depending on the type of investor you are. Buying Bitcoin when it is lower than the price of last week or yesterday doesn't mean you are buying at the dip. But In this case, buying now can be considered as buying the dip because you are buying below the all-time high. So many investors would rush into bitcoin now since they feel they may not see bitcoin price soon at the price to buy. Bitcoin is actually doing some correction and by speculation we expect to see the market back up.

While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.

I don't think there is any discussion here about altcoin and we should keep that aside for now. If you want to diversify your portfolio other assets can be bought aside from bitcoin. Don't get rekt with the aim of diversifying then you risk your money into shitcoins. Be wise. As an investor with the long term goal you would rather stick to bitcoin and dca your mind shouldn't be else where. Dont you know how old bitcoin is and what it has done since its birth? Do not be scared that bitcoin will not recover unless you are not ready to invest in it.

Just a slight correction in the price of bitcoin you are already scared and thinking of diversifying.

[Troytech]

1Does Bitcoin actually have a Dip season? Or 2  just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.

For your first question I think you are referring to the bearish period when the overall market trend is going down and price is reducing, I don't really understand your second question or what you mean by anytime an investor is capable to purchase beign the investors deep - I think you should throw more light on what you mean.

Buying  bitcoin at its dip is a good strategy for accumulating bitcoin, but we can't call it the best cause the dip is not a constant market condition and this means you would only have to buy bitcoin when the price is low and you won't be buying bitcoin again, but on this thread we have discussed this issue and have come to a conclusion that using the DCA strategy is a better strategy for accumulating bitcoin cause of many benefits and mainly because it helps as a shield to protect us from price volatility of Bitcoin and this is because with the DCA strategy you would be buying bitcoin consistently and would buy at almost every Market point, when they is a deep and when the price is high. This strategy or method is also easy to understand and involves no technical analysis or the user doesn't have to time the Market to check for dips, you just have to divide your capital into several parts and invest them on intervals.
It's also a good strategy for peopel with low income unlike buying on dips that you would have to have a huge capital to really take advantage or accumulate a huge quantity, but with DCA  a low income earning can accumulate much bitcoin cumulatively since he is going to Continue buying for a longer period of time than others, yeah i know that having huge capital is an advantage and can cover a person's long time investment in DCA but when investing in an unpredictable asset like bitcoin we should have in mind that timing the market is not a good strategy and the price your expecting can or would never come, moreover timing the market would be unproductive. So yes for many reasons DCA would stand out over buying the dip even if there are both good strategies.

While we alternates to diversify our investment to the altcoins, I don't think if there would be confidence of reliability to buy and hold for such a long term while aiming for increments in the market value. Believe it, altcoins cans be funny.

Not just that investing in altcoins is not a wise action and is in no way an investment but rather a gamble cause you know there are shitcoin and have no real world utility.

[Tmoonz]

Look at the market today compared to where it was last week it is down $10k it presents a perfect
opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom,
be thankful of the discount which is presented now.

It just goes to show that the Bitcoin market always presents corrections and dips for everyone and anyone
to divert more FIAT. DCA can be practiced anytime and can be doubled up when there is a dip.

Interestingly I have been told yesterday that the ETF's generally dont buy during a dip, they apply typical
traditional market sentiment to the Bitcoin market and would see the current dip as a "Major Crash",
Anyone else hear about that? I wonder do they fear that the market could fall even further?

I have not heard something like that, but I will do some research on it to know for myself. Anyone who has been around bitcoin will not be worried about the little dip in the price; he or she will use the opportunity to accumulate more bitcoin at a low price before it rises again. For those who have kept money to buy the bitcoin dip, this is an opportunity to do so.

Now is basically a good time to invest because Bitcoin has turned from bullish to current lows. The Original Bitcoin Dip is currently ongoing, so it's a good opportunity for those who have saved up to buy the dip. Because investing in Bitcoin now will get you more Bitcoin, so invest DCA in Bitcoin regularly.

I can say that every entry point depends on individual financial ability because this present price was also seen as being too high but now everyone is say is a good time to invest,  the current price could actually be a great time but that doesn't make those that are going to buy above any much different,  however it is not pretty much about when you buy but how persistence you are or you can be with your hodl, am saying this because sooner the present ATH of $73k will as well be seen as a dip when Bitcoin Will hit more than that, hence the real gist should be buying and not being much concerned about the price fluctuations if your intentions are actually to hodl for longer time.

While we alternates to diversify our investment to the altcoins,

Fuck shitcoins and talking about it in this thread in such a maner of diversification. It is best when considering diversification to spread out on different asset classes that has no relationship, you can consider selling commodities, lands real estate and gold according to your financial ability.

[Fara Chan]

I can say that every entry point depends on individual financial ability because this present price was also seen as being too high but now everyone is say is a good time to invest,  the current price could actually be a great time but that doesn't make those that are going to buy above any much different,  however it is not pretty much about when you buy but how persistence you are or you can be with your hodl, am saying this because sooner the present ATH of $73k will as well be seen as a dip when Bitcoin Will hit more than that, hence the real gist should be buying and not being much concerned about the price fluctuations if your intentions are actually to hodl for longer time.

ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year.

After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand. Because this is also based on the level of people's trust in Bitcoin which is currently starting to increase sharply so this has been a quite good influence for Bitcoin because the number of crypto market users has also increased as well. So don't worry too much about price corrections or prices that are already high, because Bitcoin prices could be even higher than now.

[teamsherry]

-snip-
The point is that DCA must not be applied by individuals with regular incomes, even those with incomes that are not regular can apply the DCA method.

That's right, I agree with that method. To start DCA it is not necessary to have a fixed income - if someone has an income only once in a while, if he is good at managing his finances, he can set aside a part of his income to be able to carry out DCA for some time. Even though this is quite difficult for some people, if the person is consistent and able to manage their finances well, it shouldn't be a problem for them.

I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors. 

I think there is a mistake from odohu, maybe a typo error but I think he ought to say that it's not necessary to have a consistent income to use DCA which is very right as explained by himand the person that replied to that.

Your right in a way too if you look at it from the perspective that the inconsistent income might not be enough to Carter for himself and families he has one and also his investment which needs some kind of extra preparation like keeping emergency funds and reserves.

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.

What you should rather do in situations like this is to find a way to get a much higher income to be able to invest and also take care of yourself.
Now anyone can use DCA as long as he has disposable funds whether his income is inconsistent or consistent, if he has enough to build his emergency fund and also cater for needs he can DCA, ao the problem isn't how the income comes but how much enters and if has enough or disposable funds to allocate to bitcoin after knowing his expense, keeping floats and having a stable financial state.

[Obim34]

Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?

This is a very nice question that deserves a well defined answer, DIP season refers to a particular period in time when investors have to invest into something (For example, Bitcoin) as soon the price value decreases to a point beyond normal volatility. The price of Bitcoin can drop from $63k down to $61k and we do not call it DIP, instead we consider it as it's volatile nature but when it goes far deeper, hence keep declining in value then it becomes a DIP/ DIP SEASON.

Despite every entry price when dealing with Bitcoin is always said and proven to be profitable, there is always a point where the urge comes into investing massively due to encountering the price at a much lower value, it becomes unsual cause there is every tendency of going back to its previous all time high or probably exceeding it. So investors are luckily and in a rush to accumulate once the DIP season comes.

[Smartvirus]

ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year.

After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand.

Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway.

For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come.

[JayJuanGee]

Look at the market today compared to where it was last week it is down $10k it presents a perfect
opportunity to get some FIAT into Bitcoin during the dip. Dont wait to try and time the absolute bottom,
be thankful of the discount which is presented now.

It just goes to show that the Bitcoin market always presents corrections and dips for everyone and anyone
to divert more FIAT. DCA can be practiced anytime and can be doubled up when there is a dip.

Interestingly I have been told yesterday that the ETF's generally dont buy during a dip, they apply typical
traditional market sentiment to the Bitcoin market and would see the current dip as a "Major Crash",
Anyone else hear about that? I wonder do they fear that the market could fall even further?

First off, BTC does not always present opportunties to buy on a dip.

Second, ETFs have to buy BTC to reflect the quantity of shares their clients have bought, so they cannot choose when they buy in any way that is different from what their clients want.. and so in that regard, their clients can be quite varied in terms of their preferences, whether individuals, institutions and/or governments.

[I_Anime]

While we alternates to diversify our investment to the altcoins,

Please is better to diversify your money in a safe investment with lower risk , than investing in something that may endup getting you reck like shit coins . That why we don't recommend any one to invest on it , but to invest in Bitcoin ( though there's is risk but can be easy control) than that of shitcoins .

This is a very nice question that deserves a well defined answer, DIP season refers to a particular period in time when investors have to invest into something (For example, Bitcoin) as soon the price value decreases to a point beyond normal volatility. The price of Bitcoin can drop from $63k down to $61k and we do not call it DIP, instead we consider it as it's volatile nature but when it goes far deeper, hence keep declining in value then it becomes a DIP/ DIP SEASON.

 well said , and as an long-term investor we find the dip as an golden opportunity to stash more bitcoin, so as long you holding bitcoin ( not shitcoins) the dip shouldn't make one panic but put some smile one face when  purchasing the dip , by spreading out your funds when purchasing without going all in once , because sometime what we may consider the dip might not be the dip . But for those that are used to wait for the dip alone to accumulate some quantities of Bitcoin, the dip may not occur and one may end up missing out big time is advice to start accumulating with DCA at different price interval whether the price increase or decrease and same time have a good emergency funds, with some money set aside for reserve to buy the dip incase any occursm

[letteredhub]

ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year.

After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand.

Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway.

For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come.

With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point  and continue towards the upper circle after this very one in focus, for  long term holding is where the main  profit making really lies  in bitcoin investment.

[Troytech]

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.

Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions.

What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm  safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them.

But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment.

[Onyeeze]

ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year.

After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand.

Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway.

For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come.

With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point  and continue towards the upper circle after this very one in focus, for  long term holding is where the main  profit making really lies  in bitcoin investment.

You should not blame anybody because its obvious that the price of bitcoin is unpredictable, at a point you can the price of bitcoin forty-five thousand and later you see the price at sixty thousand, the price of bitcoin is unpredictable indecency that nobody knows how the regulations of bitcoin moves, what I will even encourage us to do, is that any step of bitcoin try to be smart and make research to know what will be the next step the market will take, don't panic and don't because of recent fall and you went ahead to withdraw your investment bitcoin,  that's almost inquisitive profit investors does, but it will be more fair for we to take out time to observe the next step the market will take us to, by learning the interpretation of candles sticks, so you can neither utilise this opportunity by accumulating your bitcoin.

[Dorkylickjj]

While we alternates to diversify our investment to the altcoins,

Diversification of investment, in my opinion, should have zero to nothing to do with altcoins, reason being that we know the risks involved in cryptocurrency as a whole, and then the coin in question is shitty? Sometimes, the risks are too great that an investor minded individual wouldn't take. Instead, try stocks or something else that's not shitcoin

[Stablexcoin]

I disagree......! It is important that you have enough income to sustain the DCA method. You have to manage enough money to meet the daily needs of yourself and your family.
Of course....you have to need money.... you need to sufficient income for start DCA. If you have no sufficient money how can you start DCA.... Even if you not Meetup your daily needs how can you decide to put money through DCA strategies. At first you will meet the daily needs to yourself and your family than others activities. If you not survive today, what will be done in future. Yes you must be HOLD Bitcoin, you must be DCA strategies after maintenance of your beloved family. How much money do you invest through DCA strategies it's depend on daily, weekly or monthly income basis. One of the best facilities of DCA strategies that it does not getting pressure to investors. 

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not,

I agree with you on this. And am glad you mentioned disposable income because most investors do not know when to invest and lack putting things into consideration before investing. Before you invest you need to know have your written budget (YNAB). If you to put everything that is left or not to into investing after you have made a budget for your monthly expenses or emergency fund. It is good to understand your true expenses, there are little things we don't put into consideration but mostly come in a month where we get to spend in a month which you will feel the need to put into the budget soon. After YNAB, an investor should know the percentage left so he could know how he would spread it around.

There are times when the things we need the least are not put into consideration we still need to know that they exist by so doing we fully understand what we need and what we don't. It's a normal thing for us to pay bills, tuition fees, car maintenance, clothes, car and electronic maintenance, and other things that reoccur every month that should be included in the budget and should be well thought out before using our disposable income for investment.

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.

What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm  safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them.

Your second paragraph is so good! Whenever we tend to put ourselves under pressure it immediately puts fear in us. Before we could control it we lost the zeal to invest or continue our investment. Especially the current decrease in the price of bitcoin has triggered more fears than greed in the crypto market. Pressure is a hindrance to achieving our investment goal.

Considering the background most people come from, maybe from extreme poverty or less. They have quite good money to invest after working hard but it is so hard for them to invest because they are scared of losing such an amount which they had worked so hard to make, the thing they do not know is that they can never get reach with that mentality. With time it becomes a psychological issue that they need to see a therapist. The truth is don't invest more than what you can afford to lose but how can this set of persons invest when they are not willing to risk anything (lose anything) when we all know that there is no investment without risk? DCA is a good solution for people like this, Like investing 5 or 10% this week from their income and doing it repeatedly into bitcoin this will give them balance with time and build their confidence in bitcoin investment.

With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point  and continue towards the upper circle after this very one in focus, for  long term holding is where the main  profit making really lies  in bitcoin investment.

Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH.

[JayJuanGee]

But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.

Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions.

What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm  safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them.

But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment.

These are things to learn.

it is good to be as aggressive as you are able to be without being overly aggressive, and if you go through the experience of setting these matters up, you should be able to learn how aggressive you are able to be, and like I mentioned so many times, you are only able to be aggressive when your finances and your psychology is in good order, and so your psychology is likely to be in better order when your finances are in good order.

For sure, if you are able to measure the difference between your income and your expenses, then that amount would be your discretionary income, and surely if you are new  to making those kinds of calculations, you might not have a good way to categorize your discretionary income properly, so you will make mistakes, and you should not be spending 100% of your discretionary income on bitcoin investing because if you end up making a mistake, then you are might end up going beyond your discretionary income. which surely would be categorized as overly aggressive, rather than merely being aggressive.  When you are more organized and more experienced, then you will already know how aggressive you are able to be without crossing into being overly aggressive.

So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road.

Of course, a lot of folks had been recently talking about El Salvador having close to 6k bitcoin (less than $400 million), and yet its annual governmental revenues is around $7 billion.. and so the fact of the matter, is that bitcoin is still ONLY around 1/20th of its annual revenues.. so El Salvador has a long way to go to get to fuck you status in terms of the amount of bitcoin that it holds.. and maybe I have been rethinking that in bitcoin, a person, institution or government might be able to get to fuck you status if bitcoin constitutes around 12x its annual revenues... so El Salvador has a long way to go in terms of building its bitcoin holdings.

The same with an individual, they are surely in a better situation if they can get to a whole year's worth of income/expenses built up or saved up in bitcoin, but they still likely need to get to 12x or more in order to potentially start to be able to draw from his bitcoin in a form of sustainable income.

[Kwarkam]

Basically, there only exists two types of Bitcoin investors:
Those who want to hit it big, and are doing the needful, you know them as holders
And those who use btc as a means to an end.
Clearly, posterity has shown us which is the better investment path.
Imagine buying btc when it was below 20k, and then , just how you'll bask in brofit now that it's tripled, this only applies for holders, get the point?
The fullness of Bitcoin profit is only enjoyed by HODLers. This doesn't apply to shitcoin, as if you hold on to them, you'll have reason to cry

[I_Anime]

Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH

Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high. This actually the type of time to increase the rate of DCAing as the price has gone down, while most traders would be scared to dive into Market because at this point no one know where market heading to. As an long-term investor the recent drop in price is an opportunity .

[So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road.

which such target 4-10 years depending on how frequent one his in his bitcoin accumulation, one can be able to secure a good portfolio for himself after accumulating and holding for such time rate . And for someone who's interested in holding , would actually need a good good source to hold for that long . One should always make good plans ahead accumulating and same time handling financial situation.

You have been mentioning aggressive when accumulating bitcoin if I may ask I can one know if his over doing it (getting too or over aggressive) with his investment , so sir @JayJuanGee how can one know  .

[JayJuanGee]

Basically, there only exists two types of Bitcoin investors:
Those who want to hit it big, and are doing the needful, you know them as holders
And those who use btc as a means to an end.
Clearly, posterity has shown us which is the better investment path.
Imagine buying btc when it was below 20k, and then , just how you'll bask in brofit now that it's tripled, this only applies for holders, get the point?
The fullness of Bitcoin profit is only enjoyed by HODLers. This doesn't apply to shitcoin, as if you hold on to them, you'll have reason to cry

You speak a lot of nonsense.

Guys can do whatever the fuck they like.

Some of them are more whimpy investors (or timid in their approach) and others are more aggressive.  Some have more abilities to ongoingly buy and some might not realize that they are able to do that or that it would be a good idea to do that.

Some guys are also confused with the value of holding and are tempted to sell rather than to buy, so they get tempted to want to trade, even prior to their having had built up their BTC investment size.. so it can take a while to go through some of those kinds of phases, and I see no real value to denigrate guys who might be truly trying to figure our their own approach to bitcoin that is customized to their own situation.

Why don't you tell us a little bit about yourself? 

Have you been buying bitcoin since your forum registration in mid 2022?  or before that ? or after that?

What was your approach, and how is it going?

You are a bit new to bitcoin to be lecturing about what might be the better of approaches, unless your forum registration does not adequately demonstrate your investing experience, either with bitcoin or otherwise.

[So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road.

which such target 4-10 years depending on how frequent one his in his bitcoin accumulation, one can be able to secure a good portfolio for himself after accumulating and holding for such time rate . And for someone who's interested in holding , would actually need a good good source to hold for that long . One should always make good plans ahead accumulating and same time handling financial situation.

You have been mentioning aggressive when accumulating bitcoin if I may ask I can one know if his over doing it (getting too or over aggressive) with his investment , so sir @JayJuanGee how can one know  .

Maybe you should provide an example in regards to where the confusion might lay?

The general idea is that each of us should have some ideas about our discretionary income - which is the difference between income and expenses, and surely not too many folks are going to have exactly the same discretionary income each month, even if they might have a pretty steady income and some pretty steady expenses.  There is likely going to be some variance, which is part of the reason to maintain emergency funds, reserves and to manage aspects of your cash float.

The more organized that you are and the more experience that you have, then the more aggressive you can be in terms of spending higher amounts of your discretionary income on bitcoin (maybe even being able to spend 100% of your discretionary income on bitcoin), but if you are still trying to figure it out with exactness, and if you are still building your emergency funds and your reserves, then you would likely be better served by being less aggressive in terms of how much of your discretionary income you are spending on BTC, maybe only 10% to 20% of it.

You are likely going to be going overaggressive if you are spending beyond your abilities to be sufficiently organized, or spending high levels of your discretionary income without being sufficiently organized, or not establishing much if any of an emergency fund and/or reserves or prematurely tapping into your reserves and/or your emergency funds to put yourself into risky situations in regards to actual emergencies that might come, or inabilities to take advantage of BTC price moves, such as dips because you exhausted all of your funds without adequate preparations to be able to continue to buy and/or to buy on dips, if dips come. 

[Oasisman]

Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH

Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high.

Why not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? I mean, If you truly been DCAing since, you won't gonna be worried whether bitcoin pulls back a little bit to make another buy or not. It is true that every bitcoin correction could be a good opportunity to buy more, but everyone who have been DCAing might as well be ready during bull market and not gonna be worried or FOMO because they have been too ready for it to happen. So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better.
We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun, so I assume you've made enough bag while DCAing, but nevertheless, $62k at current price is still somehow a good buy as well.