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Author Topic: Buy the DIP, and HODL!  (Read 76345 times)
Marvelockg
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March 26, 2024, 07:56:14 AM
Merited by JayJuanGee (1)
 #7181


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.

It can not be said hard to start, invest, or afford. I can say stay with "regularity or continue" then 10th years or something. The real problem arises when someone stops investing after a few months.
it's not always an easy thing to start up investing and sometimes people wile away a good amount of time trying to figure out when best to start buying. the best thing you can do for yourself is to first start and along the line you will see how things goes for yourself.

Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.

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March 26, 2024, 08:40:13 AM
 #7182


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.

It can not be said hard to start, invest, or afford. I can say stay with "regularity or continue" then 10th years or something. The real problem arises when someone stops investing after a few months.
it's not always an easy thing to start up investing and sometimes people wile away a good amount of time trying to figure out when best to start buying. the best thing you can do for yourself is to first start and along the line you will see how things goes for yourself.

Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.

People may doubt on something they want to get in since at first they don't have knowledge about investing on bitcoin since this is new to them but once they got a lot of experience and learnings about what's better investment for them for sure that they will find holding is more better since they would compare all the losses they get from frequent trading than by just holding itself. Also for sure they would learn that its not stressful to execute this type of investment so for sure that once they learn and experience the worst on their early part of trying to earn with bitcoin they could figure out that holding is more better whatever figures they put for long term purposes.

R


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batang_bitcoin
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March 26, 2024, 10:26:03 AM
 #7183

DCA never gets old and it's the strategy that the majority of us is aware of. What we need to plan is to get on how long we're going to hold the bitcoins you've bought. If you have no exit plan, that's just fine and you can get some portion of it when you want to and sell it at your will if you need some extra cash for some purposes that you need to spend it.

DCA will be the most used method especially that majority of us can't buy bitcoins in bulk  then people will go use this strategy since they can buy their bitcoins on regular intervals depends on when they can afford to do it. I think planning to sell well depends on situation and the needs of the holder itself since if he feel that he need to cashout something then they must sell their profits nothing can stop them or tell that its wrong since that's profit already they can earn that back since your balance left will still generate you a profit and also you can do your interval accumulation once you are ready again to accumulate.
That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.



 

 

 

 

 

 


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March 26, 2024, 12:02:06 PM
 #7184

Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.

People may doubt on something they want to get in since at first they don't have knowledge about investing on bitcoin since this is new to them but once they got a lot of experience and learnings about what's better investment for them for sure that they will find holding is more better since they would compare all the losses they get from frequent trading than by just holding itself. Also for sure they would learn that its not stressful to execute this type of investment so for sure that once they learn and experience the worst on their early part of trying to earn with bitcoin they could figure out that holding is more better whatever figures they put for long term purposes.
All those who come to invest in cryptocurrency (BTC) invest their capital by analisis the market,whatever you call trading and long term. The BTC market is a bit more volatile so it may take some time to understand but most investors are very skilled.
It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.
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March 26, 2024, 01:02:34 PM
Merited by JayJuanGee (1)
 #7185

That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.
We cannot compare what large institutions do with the investments we make. However, in this case we can conclude that currently many large companies are buying bitcoin, so don't sell your BTC holdings to those who might have difficulty finding a cheaper price like the first purchase we made. The level of complacency is always there but for now we have to be against taking it because in the coming years bitcoin will be more expensive and that is because of the scarcity that is occurring.

All those who come to invest in cryptocurrency (BTC) invest their capital by analisis the market,whatever you call trading and long term. The BTC market is a bit more volatile so it may take some time to understand but most investors are very skilled.
It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.
Even though your explanation is confusing, I understand that you want to provide a constructive narrative on Bitcoin investment. It's just that you can mention Bitcoin directly without having to include Crypto. Apart from that, if you want to invest for the long term then don't get mixed up with trading.

If you are a beginner you can start with $10 with the DCA strategy, of course that is quite a start in approaching Bitcoin. Of course, when starting an investment, we may have to manage it as well as possible, especially since we are investing with $10, so at each stage we have to continue buying regularly every week.

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March 26, 2024, 01:55:09 PM
Merited by JayJuanGee (1)
 #7186

That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.
We cannot compare what large institutions do with the investments we make. However, in this case we can conclude that currently many large companies are buying bitcoin, so don't sell your BTC holdings to those who might have difficulty finding a cheaper price like the first purchase we made. The level of complacency is always there but for now we have to be against taking it because in the coming years bitcoin will be more expensive and that is because of the scarcity that is occurring.

You have brought up a very relevant part, many big institutions have already publicly announced to buy bitcoins and many institutions are buying secretly. If small bitcoin investors like us don't decide to sell at this time it's price will go more high. For now holding is going to be easy business for us. Big institutes can buy bitcoin to meet their needs but we shouldn't sell bitcoin there. So your bitcoin keep in holding status for now.
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March 26, 2024, 02:00:15 PM
 #7187

It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.
maybe if you had been more specific on what you're referring to as short term investment I would have agreed with you but with my general knowledge and from the general connotation of short term investment, if you go about it the wrong way you will end up being in a big loss or not having the expected profit you desire.

for instance you started buying from January and intend holding for a short period of time like say six months,  even if you started when bitcoin was at $38k and did your DCA for the period of  six months with a weekly DCA of $150 which an average person can go for,  and then Bitcoin price went high to $100k a long the line, would you be in profit? Absolutely yes, would you have accumulated enough quantity of Bitcoin, not at all. If we follow my analysis then you should have accumilated at least $3.6k worth of Bitcoin which wouldn't give you the expected profit you would possibly desire compared to making a long term investment. But what happens if you are patient and diligent enough to continue accumulating for at least four years? You would have accumilated $28.8k worth of Bitcoin which should put you at a good place in your profit region and this is the main reason why long term investment has always been preferred to investing for a short period of time. No one is against you investing using any time interval but being too short termed minded could be major distraction and could be to your disadvantage.

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March 26, 2024, 02:02:32 PM
 #7188

DCA never gets old and it's the strategy that the majority of us is aware of. What we need to plan is to get on how long we're going to hold the bitcoins you've bought. If you have no exit plan, that's just fine and you can get some portion of it when you want to and sell it at your will if you need some extra cash for some purposes that you need to spend it.

DCA will be the most used method especially that majority of us can't buy bitcoins in bulk  then people will go use this strategy since they can buy their bitcoins on regular intervals depends on when they can afford to do it. I think planning to sell well depends on situation and the needs of the holder itself since if he feel that he need to cashout something then they must sell their profits nothing can stop them or tell that its wrong since that's profit already they can earn that back since your balance left will still generate you a profit and also you can do your interval accumulation once you are ready again to accumulate.
That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.

All will matter on our capabilities and knowledge on doing something like this to make our plans works and we actually don't need to have a lot of money to became a holder since at first place any amount will do ang it will continue to grow once we are ready to accumulate and make those DCA strategy we use work according to our plan. Also we can't compare ourselves to those institutions since they have a lot of money to invest. And since we are small fish in the game then its better to use our brains to maximize our possible chance to earn, For sure there's a lot more to learn especially if we talk to those people who have same interest with us like what we or other people discuss on this thread. For sure a lot of people know something that can truly help to make their hodl plan to happen.

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March 26, 2024, 03:08:28 PM
 #7189

Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.

People may doubt on something they want to get in since at first they don't have knowledge about investing on bitcoin since this is new to them but once they got a lot of experience and learnings about what's better investment for them for sure that they will find holding is more better since they would compare all the losses they get from frequent trading than by just holding itself. Also for sure they would learn that its not stressful to execute this type of investment so for sure that once they learn and experience the worst on their early part of trying to earn with bitcoin they could figure out that holding is more better whatever figures they put for long term purposes.
All those who come to invest in cryptocurrency (BTC) invest their capital by analisis the market,whatever you call trading and long term. The BTC market is a bit more volatile so it may take some time to understand but most investors are very skilled.
It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.

Your statement is not that clear, but I understand what you are trying to say, it is also true that most investors knows how to analyze the market, but I don't really think it's necessary or needed if you are investing in Bitcoin for long term purpose.

And if am correct, you said that you have not seen anyone that have had terrible experience as a short term investor, bro, there are so many investors, that have had bad experience due to their short term thinking, because they sold when the market was in a major declined, thinking that their short term goal cannot be met, if they decide to hold on longer,  some it was even fear, because they thought the price of Bitcoin cannot recover, so to me, the best way to think as a Bitcoin investor, is to think long term only, so as to reap the full dividend of your investment.

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March 26, 2024, 03:27:11 PM
 #7190

What every plan should look like for each investor should depend on their goals. However, I consider buying through DCA as the best method for now if the goal is to hold the investment for a longer time. This is because the price will go down and will also go up from time to time, but it mostly goes up in the long run.
The DCA strategy will always be adopted, even if the bitcoin price is above $100k, because not every investor has the available money to accumulate bitcoin. Some investors depend on their monthly salary to accumulate bitcoin, and since bitcoin is a long-term investment, they will not use their entire salary to accumulate bitcoin. The DCA strategy also gives you the free will to buy bitcoin anytime your money is ready, without thinking about whether it is the right time to do so. 

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March 26, 2024, 03:39:40 PM
 #7191


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.

It can not be said hard to start, invest, or afford. I can say stay with "regularity or continue" then 10th years or something. The real problem arises when someone stops investing after a few months.
Investing is not an easy task, investment requires time and patience, and money is also required. And when all these things weaken a user, he will never be interested in investing. And a user must have money to invest from where he can start, otherwise he can never start. And if a user does and plans to hold it, then he must plan long term that he can hold it for a long time. If you think a certain amount of money is saved every week to make a video and if he can't invest the next week, then it's not good for him at all. So it is necessary to set a specific time to invest where you can invest an amount every month. And if you continue to invest like this year after year then surely you will eventually own a lot of money, and you must hold it, but you will get profit.

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March 26, 2024, 04:35:01 PM
 #7192

Maybe your first few months into your accumulation might not follow the best order and you might probably not buy at the best rate or with the right amount but the reality is that you learn more by doing rather than wishing or making multiple plans that end up not being executed. Like boss JJG rightly said, it's not a complex thing as some people are taking it, you just have to start somewhere even though it's as low as $10 or $100 depending on what's convenient for you. Thier is this feeling that's associated with seeing real result which will help you accumulate more. As long as you've started already, thier is a high probability that you will likely accumulate more but if you're yet to start, then it's almost certain that you will have to wait much longer thierby putting yourself in a position where you will possibly buy at a higher price than you should have bought it if you hard started earlier.

People may doubt on something they want to get in since at first they don't have knowledge about investing on bitcoin since this is new to them but once they got a lot of experience and learnings about what's better investment for them for sure that they will find holding is more better since they would compare all the losses they get from frequent trading than by just holding itself. Also for sure they would learn that its not stressful to execute this type of investment so for sure that once they learn and experience the worst on their early part of trying to earn with bitcoin they could figure out that holding is more better whatever figures they put for long term purposes.
All those who come to invest in cryptocurrency (BTC) invest their capital by analisis the market,whatever you call trading and long term. The BTC market is a bit more volatile so it may take some time to understand but most investors are very skilled.
It is doubtful that there are any precedents for bad experiences in terms of bitcoin. As far as I know no one has suffered from short term investments in bitcoin. If someone is in too much of a hurry, it's a different matter. In the long run Bitcoin gives you greater protection of your principal. On the other hand short-term investing can cause your nerves to fray every moment. So everyone wants to protect themselves first.
Firstly, this thread is not related to short term profit with bitcoin so why including short term profit, I simply view the short term profit as trading or gambling in what ever way. If an investor enjoy making profit so fast or rather enjoy taking profit so fast then such investor is a risk bearer. There's no enjoyable short term profit in bitcoin that will last for long, no one should mislead anyone as this is a forum, you can sometimes think you're earning but deep down you're probably wounding your investment and when it gets to some certain extend you'll get confused with a great loss. From what I have learnt long term planning is appropriate for bitcoin investment, even with little amount weekly doesn't necessary matter as long as an investor don't stop it's okay.

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March 26, 2024, 04:48:54 PM
Last edit: March 26, 2024, 05:02:12 PM by laijsica
 #7193


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.

It can not be said hard to start, invest, or afford. I can say stay with "regularity or continue" then 10th years or something. The real problem arises when someone stops investing after a few months.
Investing is not an easy task, investment requires time and patience, and money is also required. And when all these things weaken a user, he will never be interested in investing. And a user must have money to invest from where he can start, otherwise he can never start.
Yes... Investment is not easy, You have the right time planning (buying dips) for proper use of your resources (investment), the ability to combine these elements to reach the destination. Despite having these elements, you cannot be weak, maybe there is a lack of elements in your plan. Here you talk about time but not right time (buying dips), enough patience and enough money to invest. Lack of sufficient money and right time to start Bitcoin investment can make you look like a poor investor.



And if a user does and plans to hold it, then he must plan long term that he can hold it for a long time. If you think a certain amount of money is saved every week to make a video and if he can't invest the next week, then it's not good for him at all. So it is necessary to set a specific time to invest where you can invest an amount every month. And if you continue to invest like this year after year then surely you will eventually own a lot of money, and you must hold it, but you will get profit.
If you want to own a lot of money, it is more important for you to keep DCAing along with dip investment. Long term measures do not always guarantee you success so you should follow safe methods like DCAing.
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March 26, 2024, 05:11:12 PM
Merited by Lidger (1)
 #7194

Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.
Assuming your monthly salary is $1000, now you will invest $1000 every month or every week consistently. In this case, first of all, you need to confirm how much money you can spend every month on family management, children's education expenses, electricity bills and other sectors. Once you figure out these expenses, you can of course calculate how much money you have left over at the end of the month. You can consistently invest 60 to 70 percent of the money you have left over, minus all incidental expenses, within $1,000. After investing 60% to 70% consistently, you can save the remaining 40% or a part of 30% and keep some money for your spending. If you can invest with this plan then I am sure it will be very easy to hold your investment and you will be able to keep your investment for a long time and you will be able to consistently maintain your investment consistency.
It's OK to invest in the DCA method. Assuming $1000 or more, you can easily work out the numbers on paper no matter how you calculate them. It is easy to say but very difficult to do. But I'm not belittling you here, you definitely can if you try. However, if you get a $1000 salary, the most important thing is how much money you can save there. As people's income increases, their needs and family luxuries increase, the more you can control yourself. How much are you able to face the challenge of saving money in particular terms? If you can control the amount of your monthly salary, your spending rate from the first week of the month to the third week of the month, you can execute DCA properly by applying the investment in the last week of the month.

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March 26, 2024, 05:48:04 PM
 #7195

That's it, while the major institutions can do whatever they can and are able to buy in bulk and thousands of bitcoin. We as simple investors can do little by buying through DCA. And if you're onto the point that you want to sell, the matter is on how you are satisfied for your time of selling. But as you can see, many from the forum don't want to sell as soon as possible and there are more prolonged plans that they'd sell at the right time with a better pricing and no one knows when that time is going to come. As soon as you're wanting to cash out and you're happy with the price and that's how you reward yourself then do it.
We cannot compare what large institutions do with the investments we make. However, in this case we can conclude that currently many large companies are buying bitcoin, so don't sell your BTC holdings to those who might have difficulty finding a cheaper price like the first purchase we made. The level of complacency is always there but for now we have to be against taking it because in the coming years bitcoin will be more expensive and that is because of the scarcity that is occurring.
Just as what most of us are saying, it's about that there will be a point of time that we're going to have hard time buying these Bitcoins at a cheaper price. Right now, we're looking at it on an expensive price and there will be more price fluctuations to come that we're in a bull run. Maybe at some point after this bull run that we'll see cheaper price but I believe that it's harder to get Bitcoin at that time when it's going to have a new higher all time low and many will still consider it as something that they can't afford and for that reason, they cannot just sell too easy at these ranges because that's how we planned for it and that's what HODL means.



 

 

 

 

 

 


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March 26, 2024, 07:01:55 PM
 #7196


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.
The ideal and smart moment, in my opinion, for someone to make a $10 weekly investment in bitcoin for good profits in years to come should be during a bear market when the bitcoin price is declining rather than rising at an ATH. I said this because making an investment of $10 per week would not yield the same expected profits as making an investment during a bear market.

Given the current state of the market and the high price of bitcoin, a crypto investor would need to make significant investments in the bitcoin before the bull run ends. However, not every investor is willing to take the risk of investing more than they can afford to.

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March 26, 2024, 07:35:47 PM
Merited by JayJuanGee (1)
 #7197


It is not as hard as you are wanting to make it out to be.

Just get started.. $10 per week or whatever you can afford, and then look at the matter 10 years from now and see where you are at.
The ideal and smart moment, in my opinion, for someone to make a $10 weekly investment in bitcoin for good profits in years to come should be during a bear market when the bitcoin price is declining rather than rising at an ATH. I said this because making an investment of $10 per week would not yield the same expected profits as making an investment during a bear market.

Given the current state of the market and the high price of bitcoin, a crypto investor would need to make significant investments in the bitcoin before the bull run ends. However, not every investor is willing to take the risk of investing more than they can afford to.
When you don't have the confidence in bitcoin, as a beginner you can invest with little amount of money. As time passes by, and you have begin to understand or know more about bitcoin, and the price movement. You can increase the amount that you are investing, but this is based on our own discretion income, and scenario playing out in our financial lives. It is better use the amount that you can afford to lose so that you don't have problems with taking care of your important needs and emergency. However, if one have understand bitcoin investment that it is worth investing in, and you have the chance of investing aggressively and decided not to take advantage of it but continue to invest in a whimpy way, that person will regret in future when bitcoin becomes very expensive, just the way peoe that knew bitcoin way back and only invested little amount. This is because his bitcoin portfolio will be small in size.

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March 26, 2024, 08:24:12 PM
Last edit: March 26, 2024, 08:39:40 PM by I_Anime
Merited by JayJuanGee (1)
 #7198

Yes... Investment is not easy, You have the right time planning (buying dips) for proper use of your resources (investment), the ability to combine these elements to reach the destination. Despite having these elements, you cannot be weak, maybe there is a lack of elements in your plan. Here you talk about time but not right time (buying dips), enough patience and enough money to invest. Lack of sufficient money and right time to start Bitcoin investment can make you look like a poor investor.
one using DCA strategy should not be always concerned about the dip (but if there's any one can use his reserved funds to purchase the dip) , Because one Of the purpose of DCAing is  to purchase or accumulate Bitcoin at different price interval (either when the price low or high). Because if one keep on checking Market always, waiting for the dip he or she rate of Accumulation would be slow , because sometimes the dip one waiting for may not occur before the surging in price . And we are all aware that we can't actually predict the market movement, that why is always encouraging for one to start his accumulation with DCAing strategy buying at different price , and same time having a reserve funds to purchase the dip whenever there's any .
The ideal and smart moment, in my opinion, for someone to make a $10 weekly investment in bitcoin for good profits in years to come should be during a bear market when the bitcoin price is declining rather than rising at an ATH. I said this because making an investment of $10 per week would not yield the same expected profits as making an investment during a bear market
well I get your point, but is not fixed that such users would keep on using $10 weekly for his DCAing. During his years of accumulating, for instance maybe such individual is planning to accumulate and hold for 10-20 years . Such individual earning can't be stagnant for that long so if such individual, rate of earning under go an increase may be by having a far better sources or multiple sources . Such user may become more aggressive as his earnings rate as increase.  For instance his accumulating funds may increase from $10-$100 weekly. So any users who's accumulating should not be bother if it's bear or bull market , but focus on their accumulation. Or they can decide reducing their aggressiveness during the bull market. But being consistent with your investment would make speed up the chances of one hitting his accumulating of bitcoin goal quick.

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March 26, 2024, 11:26:15 PM
 #7199

and during periods that you feel that you have more than enough BTC, then you can start to be more strategic in terms of waiting with some of your buys, but if you wait too much, then you might end up screwing things up and holding too much dollars when the BTC price is shooting up.

In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.

From your explanation, you said if we feel we have enough bitcoin then applying waiting strategies would be fine, meaning that those that are still early in bitcoin should focus more on DCA buying so they don't get distracted or miss out on good opportunities to buy.

I think using dip buying as a primary strategy is not smart for a beginner cause it involves too much timing of the market and most of them haven't even gotten a good portfolio yet and they are already distracted by dip buying which can in turn slow down their accumulation process, like you said before, I think as a newbie we should focus more on consistent buying than waiting on dips unless we have reserves we can use for such.

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March 26, 2024, 11:41:55 PM
 #7200

and during periods that you feel that you have more than enough BTC, then you can start to be more strategic in terms of waiting with some of your buys, but if you wait too much, then you might end up screwing things up and holding too much dollars when the BTC price is shooting up.

In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.

From your explanation, you said if we feel we have enough bitcoin then applying waiting strategies would be fine, meaning that those that are still early in bitcoin should focus more on DCA buying so they don't get distracted or miss out on good opportunities to buy.

I think using dip buying as a primary strategy is not smart for a beginner cause it involves too much timing of the market and most of them haven't even gotten a good portfolio yet and they are already distracted by dip buying which can in turn slow down their accumulation process, like you said before, I think as a newbie we should focus more on consistent buying than waiting on dips unless we have reserves we can use for such.
yeah , purchasing the dip is an opportunity for all to purchase at a low price, but as a newbie who's forn of always waiting for the dip before purchasing some quantity of bitcoin, is not a smart move. For those that have gotten to their accumulation goal , having enough Bitcoin in their portfolio, waiting for the dip won't be any issue to them because they have already stop accumulating, all they are doing is just holding. Such individuals may decide to have this mindset of always purchasing using lump-sum whenever there's a dip just to addup some coin (bitcoin) In their portfolio . While those of us that haven't gotten far with their accumulation should focus on how to have more bitcoin in their portfolio using any method or strategies convenient for them.

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