Buy the DIP, and HODL!

[I_Anime]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

I don't think it's necessary for him to mention any amount as little income, reason being that what's little to you might be big for others and vice versa. It's is now left for the investor to determine which amount is to be considered little or that's appropriate for them to invest. Believe me if he mention any amount here as a base for little amount, there are people here who will quote him and say they disagree that such amount is too big to be considered as little. From the amount of money you listed above, there are people who are earning less than that, yet they are still making their DCA regularly. We shouldn't use the condition of things around and judge as the basic, there are people who live in countries where there minimum wage is less than the $50 you listed above. So when he said little amount, your condition of living will now determine what will be little to you.

One can use any amount he or she can afford to start accumulating Bitcoin with the use of DCA strategy. As long you are being persistent with it , beside ones earning can't be stagnant. So as your sources increases same goes with your cashflow, so as your Bitcoin accumulation should also what increase. For instance, Mr. A earnings was around $50 and Mr. A is an investor who's interested in , investing in Bitcoin Mr. A may decide to allocate 30% of his earning into his Bitcoin accumulation using DCAing, which means he will be purchasing $15 worth of Bitcoin every weeks . So if by any chances Mr. A earnings undergo an increment to $100 . He may choose to increase his allocation percentage to 50% while he use the other percentage for his emergency funds. His DCAing rate would increase, because he would then be purchasing $50 worth Bitcoin weekly . And it may also decide to use other strategy to accumulate more quantities of bitcoin depends on his situation at then .

Mate, what you explained is not the DCA strategy, but buying the bitcoin dip. The DCA strategy is when you invest in a fixed amount of money like $30 at a regular interval regardless of the market condition. As a newbie just stick with the DCA strategy so that you will not mess up your bitcoin accumulation plan. The DCA strategy will help to control the volatility part of bitcoin in your bitcoin portfolio and also control your emotions.

that's a nice points,  Briankimp1 if you continue with such mindset you won't be able to go far with your Bitcoin accumulation, in other words you won't able to hit your Bitcoin accumulation. Because you have developed the mindset of waiting for the dip before accumulating bitcoin, which is not how things works when it comes to holding Bitcoin for long-term. Because as a long-term investor , we  should focus on how to stash more bitcoin in our portfolio. And waiting for the dip always won't help with that . Though you may set aside a reserve funds to purchase the dip whenever there's any or if any occurs. So focus on your DCAing and be persistent with it and with time you will see howfar your portfolio has grown.

[Falconer]

Once again, we have the opportunity to buy the dip for accumulation purposes today. Have you done that when bitcoin dropped to $68k today?

I'm still waiting to buy on a deeper dip, I mean it's reasonable to expect the price to drop to $65k leading up to the bitcoin halving day. The selling pressure from panicked traders gave me a good opportunity to hopefully buy low again before the price headed for the moon, but well, I didn't want to let the day pass without any purchases.

[JayJuanGee]

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.

Your right, DCA must not be for those with steady income, although it would have been netter if you used some illustration like Jay does, let me try if I cam get this right.

Let's assume a guy might have received a government fund that comes 4 times a year on equal or irregular intervals and this amount is 3k, so he decides to invest 1k into bitcoin and yeah he should just go and buy Bitcoin right away with all the funds but instead of that he decides to divide that money into 12 parts which should be 83$ each approximately so that it would meet up till the next time that money comes, and one good advantage of this, is it that you don't have to worry about volatility or price changes, so for many reasons we mostly recommend it for beginners and I guess you should try it too. Hope your right now@ berry2d

Of course,  if you are going to attempt to describe some kind of an unsteady or irregular income, you would attempt to describe what it is, and there might be some certain aspects and there may well be some uncertain aspects, so it usually is not going to be exactly known, especially if it is an income that happens so infrequently.

But yeah, if he knows for sure it is going to be right around $3k every 3 months, then that does allow him to figure out how much he has left after expenses, yet even expenses, may well have some aspects that are certain and other aspects that vary.  Some aspects of the expenses are discretionary and some aspects are somewhat fixed.  Housing costs, utilities and transportation might be somewhat fixed (within a small range of variability)  Food expenses might have some upper and lower boundaries, and surely there might be choices to spend a bit more on good quality food, and to cut back on eating in restaurants.. yet there still could be some variability that helps to dictate how much funds need to be held in reserves or as a float.. and surely the emergency fund would ONLY end up being their in an actual emergency rather than being used as a float or as reserves.

When the income is so irregular, there may also be some preference to hold back on any investing that it made, so maybe the person knows his expenses are somewhere between $500 and $700 per month, so that is going to leave him with between $300 and $500 of discretionary income per month, but he is afraid to spend his discretionary income until towards the end of the investment period or maybe even after he gets his next payment.. so he kind of holds all or most of his discretionary income in reserves until his next paycheck comes in.. .. Another thing that he could do is to spend $30 per week no matter what on bitcoin, so then that would largely mean that he is already making a choice, and he would have to subtract $120-ish each month from the remaining part of his discretionary income, and he would decide what to do with any of the extra when either it comes close to his receiving his next check or maybe not until the next check is actually in his hands.. since we cannot really know that we are going to have the money until we actually have it. .so we might have to keep some extra spare money, especially if our payments are so infrequent. .and even worse if they are irregular too... .since sometimes the date of payment and the amount might be uncertain.. but maybe worse case scenarios it is ONLY $1,200 every 3 months and best case scenarios it is $4,800, but most of the time, it is right around $3k every 3 months, and plans should be made around any of those kinds of particular irregularities, including that sometimes guys are able to add extra sources of income in order to help to lessen some of the pressures of the extent of the irregularities that they are experiencing.

[edited out]

front loading would be a preferable option to choose from in a situation like this.

I just recommended the opposite of front-loading.. since the pay is irregular.. Front-loading is good when you have extra cash that you know you don't need and you either have a sense that you don't have enough BTC or that the price might go up without a correction (does not mean that you are going to be correct, but you want to prepare for up and you feel that you don't have enough BTC).

If you get four time payment per year and you're not certain of the particular time of the year each of the payment will come, it's best not to stress yourself trying to keep a particular part of the money for regular DCA till the next pay comes. You can decide on the percentage of your pay that will go into buying Bitcoin once you receive the money and you just ensure you're strict with it to the latter. It's actually same as doing DCA only that this time you're not buying a small amount but investing huge so you just relax till your next pay comes in and you invest again.

That is some variation of what I said.. and that is not front loading... although I did recommend a way that a small amount could still be put into BTC but that there would be some holding back based on the irregularity of the income.

One of the advantage you get from following such is that you wouldn't put yourself in a situation where there is delayed payment and you're not able to meet up with your DCA plan and doesn't require you to be too concerned about being discipled with at every week or months. You just buy only four times every year and those four times counts big.

You would not have to ONLY pay 4 times every year, but I don't really disagree with you about the possibility that it might be more practical to wait until your next check comes in before you spend all of your earlier check. so then you are ONLY investing into BTC what you have left at the end of the period rather than at the beginning when you might end up needing that money.

You might not be too lucky to buy at the best DIP price at all the four occasions but you will definitely accumulate a good quantity of Bitcoin using such methord.

You cannot assume that people in this situation are going to be able to accumulate more.  The main thing to assume is that the person is trying to not put themselves into an emergency situation, and they are ONLY investing into bitcoin from discretionary income rather than investing with money that they end up needing for their monthly expenses.

The usual DCA methord mosty works well in cases when you are receiving a weekly or monthly salary and then you can decide to buy on a weekly or monthly bases.

You can still DCA with those kinds of irregular income situations, you just have to figure out ways to budget for it.. .. so which way you end up going is up to you.  I personally like the idea of weekly DCA, especially for someone in his/her first bitcoin cycle. and surely there could be circumstances in which weekly DCA does not make as much sense, even though I do still like the idea of trying to work out budgets so that you are able to weekly DCA, especially if you are fairly new in your DCA accumulation journey.

Their are people that have probably front loarded a good amount of Bitcoin that they don't necessarily have to buy every week or month and it's not as if they are doinh the wrong thing but what's the case is that you've got to use the methord that helps you most and that doesn't put you in a situation where where you're faced with a mix of emotion that's going to deter you from buying more than you would normally do with the right plan in place.

These are the correct ideas.. You are just using the term front-loading in a weird way, but it is possible that at the end of every 3 month period, the guy sees how much income that he has left  at the time that he gets his next pay check, so if he uses up  whatever is left at that time, then maybe that could be kind of considered as front-loading, even though it is not exactly the right way to use the term.. since it has more to do with already having extra money and then buying extra BTC because of a perception of not having enough BTC and a perception that the BTC price might not dip so there is a desire to use that extra money to prepare for up.

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Yes, people don't need to be rich before they can start investing in bitcoin, but they need a good income source that can cover their expenses so they can accumulate bitcoin without finding it hard to solve their unforeseen financial problems. This will allow them to hold their bitcoin for the expected year they want to sell it. 

While going through you all comments on this thread, I had a thought may be one of a genius not to hype myself about it but what do you all think about Incorporating both the Dip and hold with the DCA strategies.

To further elaborate further, what if you only apply the DCA strategy when it’s a bear market that way you’re constantly buying BITCOIN at a low rate you can simply set a stop price in your head of when to stop buying more BITCOIN and simply hold till it’s next bear market, This would aid you in accumulating a lot more through this what do you guys think is it all craziness

Yes, both strategies can be combined to get the most perfect investment, but not with your level of understanding and explanation, it literally becomes not a good practice from what you just responded. The DCA pattern is a strategy on its own not dependent on any other strategy but only be positively compromised by purchasing massively during Dips.

The best way to go about combining both is by focusing mainly on  DCAing as a strategy, since the DIPs are bound to happen during the cycle we can now apply catching the very DIP by investing massively in same DCA kind of approach and same intervals. It's not really necessary nor advisable to hold funds in regards to waiting the bear market, during the holding process unforseen circumstances may happen which means altering the investment plan.

Exactly..

As a newbie.. stick with DCA one or two or maybe even more cycles.  After you get up to a certain quantity of BTC, you might be in a position to attempt to tailor your DCA to timing dips, but even then it can be problematic to screw around too much with timing.. until you are sure that you are getting to a point of accumulating enough or more than enough BTC.. .which you have to determine when you get to such point of having had overaccumulated BTC.

[JoyMarsha]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

[I_Anime]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

Where most newbies mostly have issues, is thinking that bear market is the only best time to accumulate Bitcoin. To accumulate Bitcoin during bear market is also pretty nice . But we should know that there's no best time to accumulate bitcoin, because every time is the best time to accumulate Bitcoin. That's is always advisable for newbie to focus more in using DCA to accumulate Bitcoin, and not to wait for the dip before purchasing. IMO the only set of people that can only have such mindset of purchasing only during the dip are those that are gotten their accumulation goal . Because they have already gotten themselves some good quantities of Bitcoin already, so maybe if they encounter any dips in market they can purchase that dip with lump-summing style . While keep holding....

[ginsan]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

The point is, do you the assumption that investing in Bitcoin is only appropriate in bearish times?

In my opinion DCA does not look at the market angle between Bearish or Bullish where if someone buys with DCA they will continue to buy every week without any pressure for them.

That's what I like with the DCA technique, we don't need to worry about price changes because we always buy it every week.
It is certainly very appropriate for beginners to use DCA rather than using other techniques in the investments they make.

[Hallroom]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

[Cryptoprincess101]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

The point is, do you the assumption that investing in Bitcoin is only appropriate in bearish times?

In my opinion DCA does not look at the market angle between Bearish or Bullish where if someone buys with DCA they will continue to buy every week without any pressure for them.

That's what I like with the DCA technique, we don't need to worry about price changes because we always buy it every week.
It is certainly very appropriate for beginners to use DCA rather than using other techniques in the investments they make.

The only people that gets worried using the DCA are the short term investors because they always have this buying at a dip and the price skyrockets, they sell off. Using the DCA is for long term hodlers because that is when the desired profit would be met even if you don't have money to lump sum at an extreme dip but it helps you accumulate to a certain level within the long run. Obviously, a lot of investors await the dip before they accumulate because they want excessive profits but Bitcoin investment doesn't work that way as every price is a buying time so far as it is within the long interval. If an investor continues waiting for a dip they may end up not accumulating at all.

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

Where most newbies mostly have issues, is thinking that bear market is the only best time to accumulate Bitcoin. To accumulate Bitcoin during bear market is also pretty nice . But we should know that there's no best time to accumulate bitcoin, because every time is the best time to accumulate Bitcoin. That's is always advisable for newbie to focus more in using DCA to accumulate Bitcoin, and not to wait for the dip before purchasing. IMO the only set of people that can only have such mindset of purchasing only during the dip are those that are gotten their accumulation goal . Because they have already gotten themselves some good quantities of Bitcoin already, so maybe if they encounter any dips in market they can purchase that dip with lump-summing style . While keep holding....

Technically Bitcoin investment requires some good insight of the strategy you can apply at every stage of your investment reason being that Bitcoin accumulation is a process, depending on it's activity in the market. It's so unfortunate that some people more especially the ones with low income earnings mostly depends on the DCA alone even when there is a drastic dip because they don't have enough money to do the lump sum in that particular period of time. Every investor, even if your in-flow is very little, should be able to maximize your source of income so that in a case of immense dip your can basically lump sum a heavy dump so that even if you don't continue DCA you have already accumulated a whole lot of stash through lump summing.

[Btcdeybodi]

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

Sometimes I do wonder how some persons just come up with archaic expression, "HODL for life" some people doesn't know the essence of Bitcoin investment or the reasons for accumulating Bitcoins. Every investment have the possibility of profits or losses then in an investment where you have recorded a reasonable amount of profits, is it not for you to make withdrawal?. This are some of the expressions that chases people away from investing in Bitcoin because on a normal sense, if you hodl for life then of what value is the Bitcoins you have stored? It really sounds ridiculous though.

Diversification is good for an investor but a Bitcoin investor needs not to invest in shit coins even at the lowest quantity because these are basically coins that may not be sustainable in the future so of what need to invest on them? Instead making investments on some real life assets will be more preferable to investing on shit coins, f*ck shit coins!

[Barikui1]

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

Sometimes I do wonder how some persons just come up with archaic expression, "HODL for life" some people doesn't know the essence of Bitcoin investment or the reasons for accumulating Bitcoins. Every investment have the possibility of profits or losses then in an investment where you have recorded a reasonable amount of profits, is it not for you to make withdrawal?. This are some of the expressions that chases people away from investing in Bitcoin because on a normal sense, if you hodl for life then of what value is the Bitcoins you have stored? It really sounds ridiculous though.

Diversification is good for an investor but a Bitcoin investor needs not to invest in shit coins even at the lowest quantity because these are basically coins that may not be sustainable in the future so of what need to invest on them? Instead making investments on some real life assets will be more preferable to investing on shit coins, f*ck shit coins!

I also buy the same sentiment as you bro, most newbies don't know that as long as the crypto industry is concerned, their is nothing to diversify, their is no substitute to Bitcoin, because all this alt and shit coin that are popping out every day are just things most of this people are creating to milk investors of their hard earned money.

All my time in the crypto industry, I have come to understand that aside Bitcoin, you will eventually get burn at some point, and one thing they normally use in enticing newbies is their crazy returns, but someone that have gotten a good knowledge of Bitcoin will never think of investing in anything other than Bitcoin,  because it's the real deal.

[Bd officer]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

Yes investing in DCA method must continue for long term, if you don't invest in DCA method for long term you will not be successful. Currently the price of bitcoin is going up and down so it is better to invest in DCA method at this time, because you can buy bitcoins at average price if you invest in DCA method. If you can continue with DCA method for 8-10 years in long term then you can definitely be a successful investor. If you invest small amount in DCA method then at some point your investment amount will increase a lot. So keep investing with DCA method.

[Mayor of ogba]

My take on this Is buy when there is a drop in price, hold enough of it , whether Bitcoin or shitcoins, when it comes to crypto space we can't accurately predict the future,  some years ago specifically the early days of BTC one will tell you that holding enough of Bitcoin was risky, but that can't be said of it today, as it has gained more values, the same goes to other shut coins buy when there Is a drop in price, hold as many as you can , and maybe later in future you don't know what will happen,

When Investing in shitcoins you just just invest like a life savings in shitcoins, because you can't predict the future of that shitcoins, but a life savings can be invested in BTC given that the future of Bitcoin is already bright, for newbies DCA strategy can maybe be suggested to them, holding coins for a long term really pays on a long run.

Most things you are just saying Is off mate. FYI we don't have to wait For any drop in price before thinking of accumulating, this bitcoin we taking about, well I guess the reason you have such mentality is due to the fact that you have been In to shitcoins for so long which is bad ( and your post says it all). There's reason why DCA strategy is there for us to make use of. It gives us the chances to purchase bitcoin at any price interval. And I won't advice to use such strategy in shitcoins so that you won't endup getting self reckt so badly , because the risk in shitcoins are just so much , so please try to reduce such urge in investing in and focus mainly on your bitcoin accummulation to be in more safer side . I hope in that part that I bold when you mentioned coins , hope you talking about bitcoin so that you won't endup misleading newbies in investing in some shitty shitcoins.

You seem too committed to the DCA method that you tend to have forgotten that there is another method of buying called buying the dips. There is nothing wrong with setting aside some funds to buy when price dips and when waiting,  using the DCA method to continue buying without stop and waiting for the dips to buy lump sum. This is a kind of combined method which is very effective. I think most experienced investors apply this method and I recommend the method for anyone who want to fully take advantage of different market conditions.  

I'm pretty much aware that they are other nice strategy out There for accumulating bitcoin. But they all have their time ( depending on market conditions)  . For instance you can't just keep waiting for the dip always before one should consider accumulating, So is better for to continue with his DCA purchasing , having some funds set aside (which known as reserved funds) to purchase the dip whenever any occurs. The other way of accumulating are also helpful when it comes to bitcoint accummulation, but being consistent with your DCA is just the best too, and also making use of the other strategy for instance, spreading out your reserved to purchase the dips ( or you can all in at once but still prefer spreading it), have some nice amount of money to spare as a normies you can go all in at once with the use of lump-summing strategy, depending on the market condition, So if  you look at it we are clearly on same page here.

Let it not look like we are making a repetition of our discussions here so some times we should spend quality time going through this thread

As far as this thread is active and newbies keep on coming here to learn about the various strategies and what to put in place before investing in bitcoin, people here will keep repeating themselves to guide some newbies who are taking the wrong steps in bitcoin. For instance, some newbies always talked about investing in shitcoins or investing in bitcoin for short-term gain. When we see things like this often here, we will keep telling them not to invest in shitcoin and not to invest in bitcoin for short-term gain so that they will be guided in the right part of investing in bitcoin.

[ultrloa]

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

Sometimes I do wonder how some persons just come up with archaic expression, "HODL for life" some people doesn't know the essence of Bitcoin investment or the reasons for accumulating Bitcoins. Every investment have the possibility of profits or losses then in an investment where you have recorded a reasonable amount of profits, is it not for you to make withdrawal?. This are some of the expressions that chases people away from investing in Bitcoin because on a normal sense, if you hodl for life then of what value is the Bitcoins you have stored? It really sounds ridiculous though.

That's crazy narrative since for me there's no such thing that HODL for life. Its like you are doing a bad investment for not having any plans to sell your hodl coin since we do that just to maximize the benefits of bitcoin since this is best so before concluding to hold much better if we set some target years on when we can able to sell since this is the best approach since we also need to cash out our profit since its useless for us to hodl for life without gaining anything in return. So if you are a good investor then maybe don't say about hodl for life thing since it maybe can create impression to other people that bitcoin is bad investment since it claiming something unrealistic claims just because they heard some word like that from those people who's expressing so much unrealistic words towards bitcoin.

[Uhwuchukwu53]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

Yes investing in DCA method must continue for long term, if you don't invest in DCA method for long term you will not be successful. Currently the price of bitcoin is going up and down so it is better to invest in DCA method at this time, because you can buy bitcoins at average price if you invest in DCA method. If you can continue with DCA method for 8-10 years in long term then you can definitely be a successful investor. If you invest small amount in DCA method then at some point your investment amount will increase a lot. So keep investing with DCA method.

The DCA despite not been capital intensive really need a stable source of income to enable investors mind to totally not been centered on it as source of sustainable investment when unforseen circumstances occurred because this is the reason why most investment is not able to meet up the requirements of long term hold or practice as the case may be.

I see DCA as investment that require investors to maintain it proposed time interval no matter the course of challenges and flee away emotional or any rational thinking when ever the investment had already been entered or kick start.

DCA is the best among all the strategies on the system as it accommodate all kind of investment peradventure one is able to meet the term or contract or investment . At first I was grips with phobia on how to go about investment on BTC but hearing about the DCA method and after reading from the beneficiary of this method my heart gladding for I have hope to partake on BTC investment, entering interested this method strategy one really need made proper decision and be able to maintain the terms and conditions because it's the only way where huge benefits can be obtained at the end

[EarnOnVictor]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

Many hear the DCA but do not know it, and I must say, though it is simple, it is still not the regular method of investment like you said. It is a specific style of investment in which, if you make a mistake, you would think you are still investing through DCA means, but in practice, you are doing a different thing entirely. Many will just say they are DCAing, but they are only investing randomly which is why I love us to ascertain what we are practicing in the name of DCA, it may not just be that way. For this, I will rather say it is not regular but popular.

Nevertheless, you are right about the success, it has its track record and can be used for both long and short-term investment practices. This means that you might just want to invest your asset with the target of just 6 months, you may use it (short-term), while others may want to invest it for the long-term scope where they leave it for years or decades. However, the most important criteria here are the right division of the money to be committed into the asset in equal parts and striking the investment at an averagely right price. If not, the DCA may not work for you. At that time, it is you to be blamed and not the DCA itself.

This is why I advise you that you to think it wisely about how you practice your DCA even as Bitcoin is high already. Sending in your money within the space of two months as stated may only be comfortable when the coin is not too high. In this regard, DCA or not, Bitcoin cannot perform magic.

[Tmoonz]

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

nt of having had overaccumulated BTC.

Thanks for the clarification I now have a more clear picture of the term HODL and I completely agree and understood the clarity made by you. However, it is very wrong generalizing the meaning of the term HODL to be hold for dear life in terms of Bitcoin whereas it is in shitcoin involvement whose aims are only for quick profits maximization that has zero percent guarantee which is very unrealistic and can never in any way be compared with Bitcoin that has a solid foundation. Generally, what I understood from your explanation is that Bitcoin is not as risky as most persons claims or proclaim it to be.

[I_Anime]

I also buy the same sentiment as you bro, most newbies don't know that as long as the crypto industry is concerned, their is nothing to diversify, their is no substitute to Bitcoin, because all this alt and shit coin that are popping out every day are just things most of this people are creating to milk investors of their hard earned money.

IMO there's no point of thinking of diversification as an Bitcoin investor who haven't gotten enough Bitcoin stashed in his portfolio, because you diversifying when you are still in your Accumulation stage would reduce the rate of one accumulation. Because you will have to allocate some percentage of your earnings in the certain project you might have taken, for the purpose of diversification ( when you should have focus such percentage on your Bitcoin accumulation). So such act won't be encouraging at all , but in a scenario where one have gotten far with his Bitcoin accumulation he may choose to diversificate his money into another project, and trust am not talking about some shitcoins . May something nice outside this space would be nice 

All my time in the crypto industry, I have come to understand that aside Bitcoin, you will eventually get burn at some point, and one thing they normally use in enticing newbies is their crazy returns, but someone that have gotten a good knowledge of Bitcoin will never think of investing in anything other than Bitcoin,  because it's the real deal.

Newbies that are thinking of jumping into trading due to encounting some pages in social media showing off their wins, such users would endup wasting Their resources in trading and get themselves reckt eventually. So to avoid any form of misleading just focus on your bitcoin accumulating while you keep holding for long-term investment, because bitcoin is all about the future.

[Marvelockg]

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

nt of having had overaccumulated BTC.

Thanks for the clarification I now have a more clear picture of the term HODL and I completely agree and understood the clarity made by you. However, it is very wrong generalizing the meaning of the term HODL to be hold for dear life in terms of Bitcoin whereas it is in shitcoin involvement whose aims are only for quick profits maximization that has zero percent guarantee which is very unrealistic and can never in any way be compared with Bitcoin that has a solid foundation. Generally, what I understood from your explanation is that Bitcoin is not as risky as most persons claims or proclaim it to be.

either you're talking about Bitcoin or shitcoin, the term HODL doesn't in any way suggest that you're holding your Bitcoin for dear life and it's only bent on misleading and trapping newbies and vulnerable bitcoinner to believe that they have to hold thier investing for a very long period of time before profiting from it. Shitcoin should always never find a place in the equation of being invested into and if for any reason you think you want to hold on to a shitcoin, you probably don't know what to do with your money or you're possibly misinformed about all crypto having an investible potential.

Regardless of what you think about the word holding or HODL maybe in terms of what you've read in an article that gave you such idea or what someone has told you about how that you need to hold on to your bitcoin for dear life before being in profit which has all contributed to shaping your thought process, you've got to receive this right reorientation that it's always lots like that wnd that you dont need to wait too long before you reach your goal. As fast as two circles can put you in a good profitable region where you can decide to take your profit and upgrade yourself from it or do whatever you choose to do it. It's all about the ability to accumulating as much Bitcoin as you're able to and if you can accumulate a good quantity of Bitcoin withing four years and then the price of bitcoin gets to a comfortable region, you don't have to wait for too long before reaching that hight.

But then, you would have to make the final decision at the end of the day if you're going to take out your profit after you've reached your accumulating goal or if you won't. The advantage of having a stack of Bitcoin in reserve even after reaching your accumulation goal is that with time, your stack is bent to keep on increasing in value multiple of times above what it currently has now and with speculation that Bitcoin might climb as high as $200k and above, you can't tell how high Bitcoin will get to in the future and having a good fraction of it would be one of the greatest investment yoi will possibly make.

[Tmoonz]

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

I completely disagree with you on this because it will make you  waiting for too long before entering the market as you are not certain about how long the bullish market will be and at what level will the bearish is going to be too there by missing good buying opportunity, there is no point waiting for the bearish market before making purchases as the price point you are considering to be high can as well be consider to a dip tomorrow because  Bitcoin will ever be going higher, you can consider the historical significance of Bitcoin from it's inception till date. But with your dca strategy you can make purchases at different intervals irrespective of the price point while making preparations for the ups and down that may or may not happen which includes buying during the bearish market which will apparently give you more Bitcoin with the same amount of money than it's previous high. The first best time is or would have been yesterday and the second best time is today such that waiting for any bearish market will lead to procrastination of ever buying Bitcoin.

[letteredhub]

DCA method means regular investment method. All investors can be successful by investing in this way. Because it is a successful method of investing for a long time, I definitely invested in it and I have continued this investment for the last two months. However, this Bitcoin DCA method will remain active for two more halvings.

Yes investing in DCA method must continue for long term, if you don't invest in DCA method for long term you will not be successful. Currently the price of bitcoin is going up and down so it is better to invest in DCA method at this time, because you can buy bitcoins at average price if you invest in DCA method. If you can continue with DCA method for 8-10 years in long term then you can definitely be a successful investor. If you invest small amount in DCA method then at some point your investment amount will increase a lot. So keep investing with DCA method.

DCA is one of many common strategic ways of a long term bitcoin investment plan, however,  not all who in the start of their DCAing made a milestone of success at it. 8-10 DCA plan is a very long, that's a complete two halving which means you will for sure encounter a lot of different market challenges that will test your resolute to keep hodling and DCAing, another inevitable challenge is that of a consistent source (s)  of income. It is from your source of income that you are able to have a successful DCA plan be it short or long.

Therefore, making assurance for a constant source of income while you plan your duration of DCAing is very important as we have seen investors selling off their hodling at a prematured time because their income source(s) had a breakdown and they were forced to sell at a dip meaning they sold at a loss after all the time they were able to run some accumulations. Hence, while you any investor makes plans on accumulating for a long term they should always make plans on increasing their sources of income as they go.