Buy the DIP, and HODL!

[Aanuoluwatofunmi]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

There's still more to expect from the market than the little we have seen on the bullrun, so if you're seeing the implication of the present market condition as something else, then don't worry, all you need to do is to invest the more and hodl, buy the dip, this is one of the way the bitcoin holders think and act, we are not move if the markets plummets because we still know that there's more to expect in the future if we stay along, we aren't done with the bull yet, we are just getting started, very soon, we will begin to realized seeing bitcoin at $100,000 and more if we remain in it together.

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[cxtreenal]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

You are right. Many people are observing the market with a microscope and buying dips. I think some investors have sold during the ATH price and coming back are lining up to buy dips again. Therefore, in this situation of the market, the best decision would be to focus on increasing the number in your portfolio without selling the stock.In addition to this, you can earn double or more if you invest on DCAs a weekly or monthly basis. At this time If it is a little late to make a decision, you can lose the BTC dips price in the market. Maybe you thinking, today or tomorrow will buy..... this way you are delaying your decision.

[Hewlet]

Investing in Bitcoins must be done using the DCA method, as you need to have regular investments. If you invest in high speed market you will invest regularly in dumping market. Then your average price control will come and your investment will be successful. So you can make your own way of regularization from the list.

Please this is not correct, there is no law that says investment in Bitcoin must be done through the DCA method because the DCA method is just one way of buying Bitcoin and not the only way. There are other methods and even the caption of this thread mentioned buying the dip which is one method of buying that is also great. It is not right to send the wrong or incomplete message out.

I have seen many great investors in Bitcoin who were able to share their story and most of them never used the DCA method, they just bought when they had the funds and were not too interested if price was low or high because their believe and trust in Bitcoin was high so they believe that the investment will not go bad especially as they planned holding for very long time. It should have been clear to you by now that the success of a Bitcoin investor is highly dependent on how he manages the investment than how he made the investment. So being able to hold your Bitcoin after getting is very important and should occupy most of our planning because any method used to get it is fine as long as we make plans to hold it while living our normal lives.

I can't agree less with you. The thread has made it obvious that buying during the dip is an option and along the conversation we've come to see that their are other fantastic methods that works also well like the use of the DCA methord and the lump sum purchase.

That you're applying a particular method doesn't mean any other person that isn't using that methord is doing anything wrong or different. What's important is that you're are able to meet your goal at the end of the day. To some extent, I don't blame those that make such conclusion that the DCA method is the best methord. It's probably because by virtue of their financial level, the only thing that can work well for them is the DCA methord and so they just need to stay fixed on accumulating some amount of satoshis even if it takes them years to meet thier investment goal. Outside of the DCA methord, Buying during the DIP is very profitable and like you've rightly pointed out, some persons don't even have a defined methord of accumulating Bitcoin. All they do is that whenever they have the resource, they just buy and wait until they have another resource and then they buy more.

It's good we understand that it's not everybody that are orderly with their investment. Some can't be disciplined enough to try buying with the DCA methord because if they ever try it, it won't take them up to the third month before they start skipping their investment routine. Such people might necessarily have to push out whatever comes their way immediately because it's possible they aren't good with income management and so what might be their best strategy would be lump sum purchase. No doubt, the DCA is good especially for someone that's disciplined enough to continue for a longer period of time. It will certainly increase the quantity of your holdings but outside of the DCA methord lies other methods like buying during the DIP, making lump sum purchase and doing a combination of them.

[Sim_card]

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

There is no point analyzing the market conditions as a newbie that just started his bitcoin investment. This is why the DCA method is the most recommended method that is good to accumulate bitcoin for beginners , because you are buying bitcoin at different price level. A beginner should only focus on DCA, and if the market dips farther, he is of the advantage of buying more bitcoin in a discount price. All what the new investor needs is to put in place all the necessities that will make him not think of selling his bitcoin investment.

How can a beginner understand how how analyze the market, the aim of venturing into bitcoin investment is to have a significant amount of bitcoin, which he can only achieve this when he continues buying regulary and increasing his bitcoin portfolio without being distracted with the price movement of bitcoin. This is why a new investor in his accumulation phase must prepare for the DOWNity and UPity of bitcoin price movement for him to enjoy his bitcoin accumulation process. Keep buying with DCA regularly and Hodli is the key. Just don't stop buying.

[Familian]

buying DIP is one of the best ways to get a big profit from the price movement of bitcoin until the time limit of how strong you hold it. but this can only be done by those who have a lot of money so that they can buy bitcoin as a whole.

I disagree with this statement where you said this can only be done by those who have alot of money so that they can buy Bitcoin as whole.

A dip is considered to be any price point that is below the ATH, hence any one can make purchases at that point and you must not necessarily have a lot of money to buy a whole Bitcoin before you can make purchases at a dip. Your statement can actually be misleading, the dip is when there is Price drop from the ATH any one can buy fractions of Bitcoin and not necessarily a whole Bitcoin.

And when there is a dip an investor tend to buy more Bitcoin with the same amount of money or probably make a lump sum buy and not necessarily buying a whole Bitcoin just as you said.

If profit is made by only those who have money to buy bitcoin at the dip as a whole  what's the essence of the exhaustive discussions about DCA from the beginning of this thread. The dip is an opportunity to make profit from both those holders that bought a lump sum and those that are with DCAing strategy, when the bull market is in place after all of this correction both the cda holders and those that bought bitcoin as a whole 1BTC will all make profit. What's important is keep stacking and holding for as long as it takes no matter the category of holder you fall in.

[Tmoonz]

after all of this correction both the cda holders and those that bought bitcoin as a whole 1BTC will all make profit. What's important is keep stacking and holding for as long as it takes no matter the category of holder you fall in.

Mate , I disagree with your expressions and it looks some worth contradictory and misleading,

At first it  is called DCA meaning dollar cost averaging, it is an investment strategy of accumulating Bitcoin that involves investing a fixed amount of money at regular intervals irrespective of the price over a period of time, it is a strategy and not to be seen as holder,. Whereas holders are the investors  that are being encouraged not to sell their investment when there is an upward or downward market price movements but to hodl in other to achieve their investment long term goals and objectives.

[Obim34]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

This market correction is an important influencer to help Bitcoin reach the peak of it's all time high, many already predicted the correction to happen and it did, every current price range is the absolute point to invest in not undermining it could go lower than the recent price. Dcaing on the DIP should be encouraged as we stand much better chances to accumulate more Bitcoin than just buying at a particular point, who knows if the price would go below.

I would advise investors who have enough finance to DCA massively than usual at this period when we are very close to the halving anything might happen. Bitcoin might return to hitting new price mark and it's encouraged for we to take the correct condition of the market for our own advantage.

[Moreno233]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

You are right. Many people are observing the market with a microscope and buying dips. I think some investors have sold during the ATH price and coming back are lining up to buy dips again.

What you have described here is simply trading, buy low to sell high which is what some people do but that is not what we are discussing here. We are concerned about buying  low even and even continuously and holding for long even beyond market correction like we have it now. We are not encouraging people to sell their Bitcoin with the hope of buying it back when the market goes lower because this can be risky and might make you run out of Bitcoin when price continues to go higher when you expected it to rise. Take for instance, when Bitcoin left price of $26k where it stayed for long and moved to around $36k some people who trade might sell hoping that it will dip again for them to buy. Now market refused to go back to that area and instead crossed $40k and started moving till the present day. Such people have gotten out of Bitcoin and kept their money in fiat and would have completely missed out on greater part of the games the market made since then even up to 100% of their capital. This is the problem with trading and the reason there is a sort of agreement here that it is not the best way to about investment in Bitcoin.

[Troytech]

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 profits 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.

He is clearly confused in what long term holding really even means, I highlighted the part that he contradicted himself by bolding it out, long term holders are not holding bitcoin just because they want to get quick profits from bitcoin and you seem to be thinking short term investment is different from trading, long term holders have a different approach or idea of profits than having a triple on their portfolio cause the only way to be really prepared for up is to have enough bitcoin, so the aim is to accumulate enough bitcoin for up to 4 years and keep on investing for up to 10 years, now that's how long g term holding really works.

They don't get profits from just the bull, their profist come by the compounding effect of bitcoin which is even much more higher and gives far greater profits than simply trading or involving in short term investment, and besides it's better to have your value in bitcoin than in any fait.

Your quite new here, you should take some time to ask questions and get to really know ehat we are talking about, ask questions and read through, lots of reasonable responses in the thread, if you have started your bitcoin investment for a long time now then you should already be in your second year or almost from your forum registration date, but I think think your just starting since you only made a post few weeks ago, so I'll adress you as a newbie in this matter, it's better to learn than to just talk the knowledge here might not be given to you any other place, people that do t know that they can accumulate bitcoin themselves and get huge profits go to ETFs thinking its a better way but we get this knowledge for free.

[teamsherry]

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. 

This is quite striking, it seems that an important part of our investment journey lies in this little discovery of what our discretionary income is, and from what you have said its not too good to be overly aggressive until we have found a balance or are able to some point to figure this out a little do we don't end up having or putting ourselves in instabilities like having to dip our hands in our emergency funds to cover up for expenses or our reserves and we miss out on opportunities or not having enough floats to carry around, and all this are also important part of our investment and are our various backbones in investing that would enable us maximise our investment in bitcoin, yes its better we allocate smaller amounts as newbies untill we have this calculations set out, then beign aggressive isn't an issue.

[JoyMarsha]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

The only time I know that an investor should begin to analyze the market is when they know that they don't have the spare money to invest in bitcoin. However if they have, they can invest in bitcoin by using a DCA strategy to accumulate more bitcoin because anytime an investor tries to invest in bitcoin in the long run, he or she is in for profits in the future since they are investing with their spare money. So, let's buy the dip and keep hodling because the future of bitcoin is ever-bright.

[Frankolala]

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. 

This is quite striking, it seems that an important part of our investment journey lies in this little discovery of what our discretionary income is, and from what you have said its not too good to be overly aggressive until we have found a balance or are able to some point to figure this out a little do we don't end up having or putting ourselves in instabilities like having to dip our hands in our emergency funds to cover up for expenses or our reserves and we miss out on opportunities or not having enough floats to carry around, and all this are also important part of our investment and are our various backbones in investing that would enable us maximise our investment in bitcoin, yes its better we allocate smaller amounts as newbies untill we have this calculations set out, then beign aggressive isn't an issue.

Yeah, it is better that as a new investor that don't have much faith in bitcoin, but wants to invest in it should start with a small amount that would not make him get worried. And after the first year, he must have improved in his bitcoin knowledge, amd have built more faith on bitcoin. Then he can increase the amount that is is using for his regular DCA weekly or monthly so that he can buy more Bitcoin than before.

When he has built strong faith in bitcoin and he has the opportunity to buy aggressively, then he has to do that so that he can acquire more bitcoin within a short period of time since he is still in his accumulation journey, but he should not overdo it, to the extend that he has no funds enough as his emergency funds, otherwise, he will go back and sell from his bitcoin, which has defeated the aim of constant buying and building to Hodli for long-term.

[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.

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.

Sir I think someone can have a good finance but out of poor management would still have a bad  psychology towards beign aggressive, its not very easy to draw the line between when your aggressive and overly aggressive when investing in such terms, let's say I've got a monthly income of 300$ and I'm still living with my parents so I don't have much monthly expenses and I round it up to 100$, let's say I use 60$ budgeted for expenses and the left 40$ as a float in case of extra, now I have decided to invest 100$ into bitcoin on a weekly basis and yeah I have to send about 60$ into emergency funds and 40$ left to building reserves, but the issue now is thigns may never go as planned and I can't go dip my hands in my emergency funds if I find out my budget went over for the week, so in situations like this I find I hard to know if I'm beign overly aggressive or not cause this has been my budget planning for the month and it normally goes smoothly leaving me my floats back and some weeks it doesn't go as planned, so yeah I'm still quite in that struggle of figuring out what I'm doing wrong or right having a clean plan like this.

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.

I guess figuring out the exacts numbers for each month or week concerning expenses is something that is bound to differ from time to time and I might well get it this month or week and the next week it doesn't work, so what I'm thinking right now would be to increase my budget for expenses and floats in such a way that I would have a 30% increase over the normal amount so that anyhow it might go I know that I am overly allocated to that side and if I have some left overs good then I can use them invest I to bitcoin.

IMO it's better to invest with peace and a sence of stability than to be unsure if you have done it right, so keeping extra amounts allocated to spending might do a lot of good and would help you not to be overly aggressive since you have well feed the only reason that would have counter that decision which is when you find yourself running out of cash to fix to spend on other stuffs.

[I_Anime]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

You are right. Many people are observing the market with a microscope and buying dips. I think some investors have sold during the ATH price and coming back are lining up to buy dips again. Therefore, in this situation of the market, the best decision would be to focus on increasing the number in your portfolio without selling the stock.In addition to this, you can earn double or more if you invest on DCAs a weekly or monthly basis. At this time If it is a little late to make a decision, you can lose the BTC dips price in the market. Maybe you thinking, today or tomorrow will buy..... this way you are delaying your decision.

One focusing on the dip alone , would reduce the rate of having alot of stash in your portfolio . And endup missing alot of opportunity because most time the dip may not occur before the surging of prices in market begins, so as an investor who are long-term base we should prepare for anything ( being flexible) , we are all aware that we can't predict market movement. But we can be ready for any scenario. By accumulating with DCA strategies buying at any given  price interval (when it high or low) , and also having an emergency funds to sustain oneself while holding to avoid the urge of tampering with one investment, and some nice reserve for buying the dip . As an investor having technical knowledge is not necessary, but having some good planning  for a smooth holding is something we all need as an investor.

Edited:

This is quite striking, it seems that an important part of our investment journey lies in this little discovery of what our discretionary income is, and from what you have said its not too good to be overly aggressive until we have found a balance or are able to some point to figure this out a little do we don't end up having or putting ourselves in instabilities like having to dip our hands in our emergency funds to cover up for expenses or our reserves and we miss out on opportunities or not having enough floats to carry around, and all this are also important part of our investment and are our various backbones in investing that would enable us maximise our investment in bitcoin, yes its better we allocate smaller amounts as newbies untill we have this calculations set out, then beign aggressive isn't an issue

there's not nothing wrong of being aggressive when accumulating Bitcoin, but one should not over do it. Being aggressive when accumulating would help you in building your Bitcoin stash faster , but if one financial stability was not able to keep up with his aggressiveness it may endup disorganizing his plans and accumulation, using his emergency funds and reserved funds to accumulate in order to keep up with such aggressiveness. That why we need to invest according to our financial stability in order to keep up with our plans in solving financial issues, without it affecting our accumulation. And as time goes on one may decide to in his aggressiveness

[arjunmujay]

buying DIP is one of the best ways to get a big profit from the price movement of bitcoin until the time limit of how strong you hold it. but this can only be done by those who have a lot of money so that they can buy bitcoin as a whole.

I disagree with this statement where you said this can only be done by those who have alot of money so that they can buy Bitcoin as whole.

A dip is considered to be any price point that is below the ATH, hence any one can make purchases at that point and you must not necessarily have a lot of money to buy a whole Bitcoin before you can make purchases at a dip. Your statement can actually be misleading, the dip is when there is Price drop from the ATH any one can buy fractions of Bitcoin and not necessarily a whole Bitcoin.

And when there is a dip an investor tend to buy more Bitcoin with the same amount of money or probably make a lump sum buy and not necessarily buying a whole Bitcoin just as you said.

the DIP category actually depends on each person how to judge it. so if as you say, it could be a 1% or 2% drop from ATH according to you it is already DIP. yes, and that can happen if you keep bbitcoin for years until bitcoin touches the new ATH several times. but for me personally, DIP is wider or when bitcoin corrects deep enough from ATH.
and what I mean by buying the whole here is not buying all the bitcoin available in the market at that time. if you are a so-called whale it might be possible. but what I mean is buying the whole 1 BTC alone not split into small parts.

If profit is made by only those who have money to buy bitcoin at the dip as a whole  what's the essence of the exhaustive discussions about DCA from the beginning of this thread. The dip is an opportunity to make profit from both those holders that bought a lump sum and those that are with DCAing strategy, when the bull market is in place after all of this correction both the cda holders and those that bought bitcoin as a whole 1BTC will all make profit. What's important is keep stacking and holding for as long as it takes no matter the category of holder you fall in.

I don't blame your argument, because it is also true and I have also written it in the previous post. because in the previous one there were 2 statements between buying DIP and DCA. a little I summarize again, so for those who have more funds and can buy bitcoin as a whole when the price is down far enough. and for someone who doesn't have enough money to buy it as a whole, can use the DCA method. so that you can buy pieces of BTC until you meet 1 BTC and so on.

[JayJuanGee]

[edited out]

I think you are misinterpreting the concept of this emergency fund. just like my explanation of keeping emergency fund just like we DCA does mean if the accumulated emergency fund is large enough that you can't use part to invest on bitcoin. Just as you said that if the accumulated emergency fund is upto $150k you can invest part of it to bitcoin, you are actually right about that. You know different people and how they do things, some people might also use part of the emergency fund for doing other things like buying necessarily items at home or using it to build house. Emergency fund may mean an amount set aside as a savings in the bank or you can call it whatever you like. I think calling it emergency fund does not necessarily mean it is only set aside for emergency. It can can also be use to settle other important things of our life. Emergency is a word use as an alternative fund when you cant touch neither your bitcoin HODLing or your family spending. It is at the middle. You can use it for anything that please you but the main thing is that it must not be empty. I think that is what the notion of emergency fund is talking about. If my explanation is not following the rules I think JJG would be in right position to educate us better.

You are correct that Neobanks does not seem to understand the concept of emergency funds, reserve funds, float and/or the reasons for maintaining a financial cushion.. and Winterfrost also addressed the issue pretty well in his responsive post.

Of course, we can call our various kinds of extra funds and/or our financial cushion whatever we like, yet we might end up getting into trouble if we are being too loosey goosey with various kinds of funds and financial cushions that we attempt to maintain and what kinds of financial cushions become even more important when we are invested into something as volatile as bitcoin. 

Part of the reason that we establish various kinds of financial cushions is so that we never have to dip into our BTC at any time other than our own choosing, which surely might be 4-10 years down the road, and if we do not have a sufficient financial cushion, then we may well end up using our BTC investment as our emergency fund, which seems to be a bad way of going about trying to become more financially secure and with more financial options.

Some people become more sloppy merely because their BTC are in profits, so all of a sudden they start to consider that they could tap into their BTC or that they do not need an emergency fund, and if shit hits the fan, they could just sell some of their BTC to take care of matters, and sure that is going to work and they are going to make profits, but they also might end up selling way too many bitcoin too soon and never being able to replace the BTC that they sold at a time that was not really of their own choosing, but instead was at a time that they were forced into because they failed/refused to adequately maintain a financial cushion, whether it is called an emergency fund, reserves and/or cash floats.

Many times various aspects of reserves and/or an emergency fund is going to feel like it is not sufficiently working because it is just sitting there for years and years and years and not doing anything and not earning any yield, and yeah that is part of the costs of having those kinds of extra funds available so that you do not have to touch your bitcoin.. and sure if you get to the point that you have several years of value that is built up, you may well have some of your emergency funds as working capital, yet there would likely be different kinds of investments that you have, and you still may well want to draw from the least valuable asset first, even if bitcoin might be the most liquid.. which again gets back to the value of cash in terms of it being very liquid, when it might take a bit of time to get in and out of some other kinds of investments whether stocks, commodities, property, bonds or cash equivalents. 

3-6 months of an emergency fund is a good general framework that is always maintained and only used for emergencies, and the reason that it is always able to be maintained is because you will also have other funds, such as reserve funds that you can spend from and if you happen to spend from some of your emergency funds, then you work towards immediately replenishing those funds to be prepared for if an actual emergency comes after you had spent from those emergency funds.

For instance, if there is a total some of $150k save as emergency fund to help tackle emergency challenges, a good investor and business oriented minded person can use part of this money to accumulate Bitcoin using DCA strategies for a long term investment and then be accruing the profit of the investment to emergency challenges and within little time in the near future there may be a reasonable rate of return from the little investment made from emergency fund.

maybe you're getting somany things twisted here and it's possible you don't know the value of the figure you're putting out here.
For clarity, 1BTC at the moment is just $61k and if we do our little maths, with that $150k you are looking at using for emergency fund, you can starch at least 2BTC and still have $28k left. Except you're a extremely rich, using $150k as an emergency fund doesn't look wise at all, I mean, how much have you starched up before having such reserve that's going up for emergency fund? Let's be realistic sometimes.

Yeah, people make silly claims, and so sometimes it can be difficult to figure out what they are talking about. 

Instead of talking in exact numbers, it frequently can be better to have some kind of a base that might be described in terms of months or even years of annual salary/expenses.

So if someone makes $50k per year, and maybe he had $36k per year of expenses, so then he has around $14k per year of disposable income that would be eligible for investing and/or building his emergency fund...  and even a guy with $36k of annual expenses might have $18k in an emergency fund (that is 6 months of expenses), or some guys will have a whole year of an emergency fund, but maybe half of that might be considered an emergency fund and the other half might be considered reserves.. especially since emergency fund would be an amount in which he would never go below absent an actual emergency, which frequently guys want their capital to be working and so sometimes they are willing to let their emergency funds go down as low as 3 months, since it can sometimes seem to be a bit of an overkill to have too many funds that are just sitting out there unless they are specified for something like for buying on dips or to be able to quickly take advantage of financial opportunties, and emergency funds are not to be used for those kinds of things. .but reserves and/or floats can be used for such purposes...

and in the end each guy has to figure out his own comfort levels that also might have to do with the complications of his cashflow, expenses and various investments that he might already have or be thinking about getting into.

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.

Historically speaking there is always a dip before halving and then new ATH. Like I said before we can't see the green weeks forever, irrespective that we have endured several years sleeping on the red candle as an investor. Indirectly buddy you tried to time the market waiting for the price to go down so that you will buy at a cheaper. Luckily for you, it worked but what if it didn't?

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.

When it was 72k and now at 62k or 61k. It has been a good time to buy Bitcoin. We are likely to see predictable corrections where the price drops before continuing to go up. It is in Bitcoin's nature to not just move so smoothly and consistently hence retaining its reputation for being volatile. So, we should not expect Bitcoin to go straight to the moon instead we should be expecting to see curved candles that we may think the forward movement is over. Long-term investors are not concerned about what is happening now only the weak hands are being threatened by the current market state most of them will lose confidence and sell while some will resist the temptation, it is a personal choice to choose which we will fall under.

Cited for the visibility of your chart.. yet I am not sure from where you got that chart.. Maybe you should provide a source for it.. It seems like it might be a chart from more than 3 months ago.

[I_Anime]

the DIP category actually depends on each person how to judge it. so if as you say, it could be a 1% or 2% drop from ATH according to you it is already DIP. yes, and that can happen if you keep bbitcoin for years until bitcoin touches the new ATH several times. but for me personally, DIP is wider or when bitcoin corrects deep enough from ATH.
and what I mean by buying the whole here is not buying all the bitcoin available in the market at that time. if you are a so-called whale it might be possible. but what I mean is buying the whole 1 BTC alone not split into small parts.

there's a  strategy I learned from sir JJG , is about spreading out your reserved funds to buy the dip without going all at ones. Like most time that dip we may consider the dip may not be the dip , like for instance when bitcoin price dip from the price range of $73k to $65k alot of individuals may think that $65k is the dip stop , before the price would surge again, then lateron it experience further Dip to price range of $58k . So instead of buying all the dip at once you could spread out your reserved funds like buying the first dip with some certain percentage of your reserved funds and lateron if it further dip you could still purchase with another percentage of your reserved funds. Like doing DCAing without waiting for weekly or monthly to buy.

[FinePoine0]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

Now if you do DCA then you will benefit the most. Investing in Bitcoin only with the DCA method is successful because the risk is the same with long-term investments. You have accumulated money and you can quickly deposit bitcoins using the DCA method. Because the DCA method controls the average price, you will never experience a loss when buying Bitcoin, because Bitcoin must recover after four years.

[adultcrypto]

When he has built strong faith in bitcoin and he has the opportunity to buy aggressively, then he has to do that so that he can acquire more bitcoin within a short period of time since he is still in his accumulation journey, but he should not overdo it, to the extend that he has no funds enough as his emergency funds, otherwise, he will go back and sell from his bitcoin, which has defeated the aim of constant buying and building to Hodli for long-term.

What do you mean by faith in bitcoin and how can it be built? Does it come with having personal experience like investing in bitcoin or checking previous performance or testimony from people who started earlier will suffice? These questions came from the that a lot of people already know bitcoin will change their lives just as it does to others even before they bought their first bitcoin. This is true especially for those who already have idea of the kind of use bitcoin have which makes it far better that other systems of payments. Many people who are holding bitcoin today do not even see bitcoin from that aspect of usage rather they see it from the aspect of making them rich and nothing more. This is why your description of faith in bitcoin got me asking those questions.

[I_Anime]

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

Now if you do DCA then you will benefit the most. Investing in Bitcoin only with the DCA method is successful because the risk is the same with long-term investments. You have accumulated money and you can quickly deposit bitcoins using the DCA method. Because the DCA method controls the average price, you will never experience a loss when buying Bitcoin, because Bitcoin must recover after four years.

Bitcoin that actually even need four years to recover it can happen anytime , but every bitcoin always undergo a tremendous increase in price . Yeah DCA method one of the most comfortable method in accumulating Bitcoin, but the other strategies also have their roles in accumulating Bitcoin. DCA strategy is like a fixed strategy in accumulating while the other have their seasons, like buying the dip is mostly when there's any dip in price. While we also have lump-summing so they all have their role to play in accumulating bitcoin.