Buy the DIP, and HODL!

[Frankolala]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

[Cryptoprincess101]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

You should understand that every one have their own investment strategy and plan because we have investors that ventures into Bitcoin for different purposes of which some are just interested in making little profits while some are interested in making a lot of profits and those that needs little profits are the short term investors and they are mostly the ones that waits for a perfect dip before accumulating whereas the investors with higher profit goals are the long term hodlers that can be patient enough and consistent in buying at any given price so far as they are into long term hodling. Your assumption about the price of Bitcoin in 10-13 years is good but the question is how many people are willing to allow their investments reach that level? Very few right? Looking at the invention of Bitcoin till now how many accumulated till this time? Isn't it few ones as well, so just like what I said about every investor having different motives about their investments but bitcoiners needs to understand the need for long term hodling.

I don't know why you are saying that people can invest in short-term, when we are talking about how to invest in a way so that you don't end up regretting your actions and wasting your time. Most people that think Bitcoin is a scam are people who invested in short-term because of their short sightedness and they run at loss, because they thought that bitcoin is is get rich quick scheme. The reason why one must invest in a long period of time in bitcoin is because of the risk level due to its high volatile nature. The long term investment limits the risk, and become future back up.

Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.

[Moreno233]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

There is nothing wrong buying a computer which is also your basic need but I thinking selling your Bitcoin holding because of this mean you did not make provision for emergency funds (money for any emergency that might come up while you are holding). To be able to hold your Bitcoin without having to sell this way, where you already demonstrated regrets, you have to plan your investment better. You don't put all your money into Bitcoin, the first step is usually to set aside some funds for your basic needs then some for emergency before you put the balance into Bitcoin. This way you will completely remove the pressure to sell when you do not plan to from the beginning. If you do not consider this option, then there is the possibility that you will continue selling your Bitcoin this way when other needs comes up in the future and that is not the way to HODL Bitcoin. I had done this method before and I ended up not making serious progress with my investment. $20 weekly growth is far better than $100 weekly growth that will end up coming back to $10 growth on the long run. This is what selling your Bitcoin for basic needs can do so by all means avoid it.

Now we should be well prepared for the next half opportunity, I would say, to avoid making the same mistake I did, you invest now and forget this investment for a long time, either you invest more together and hold for a long time or regularly Invest on a weekly or monthly basis using the DCA method for long periods of time. After you invest, instead of thinking about the price of Bitcoin, focus more on holding and keep holding without looking at the price for a long time, you will surely achieve a lot.

If you already know about the DCA method, then you are set for better investment approach. Just consider setting up the emergency funds I suggested in my response above, the continue with your DCA from the balance and you will make good progress.

[letteredhub]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

[Popkon6]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

You notice that usually the only successful investors are those who have invested for the long term. Because if you invest in DCA method then you must be sure that your investment will be long term. Because whenever you are not planning your investment for long term then you should not invest it in DCO method. Because DCA method of investment any investor is ready to do it, some invest with built up money and others with small amount invest it regularly for long term. So there must be a plan on what kind of investment he is making and how long he can be patient and his success will depend on it.

[I_Anime]

   
A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.  

But anyway there is no use in thinking about what has happened,

Just as Frankolala as said, you have successfully reduce the potential of your bitcoin generating good profit for you in the long run .this is also the reason they keep saying that avoid regular checking of market , because one may only endup getting his self tempted to withdraw from their investment . And we are still in the accumulation phase only those that have gotten far with Their accumulation can choose to take some profit form their holding because they have already gotten themselves a good quantities already and they all pass through this stage ( accummulation stage) before getting to where they are now . But is not too late you can continue your bitcoin accummulation with your DCAing to accumulate more bitcoin while you hold .

Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.

Well is true that most people don't enough cashflow and all that , that why is not advisable most time to go all in whenever you're investing , so one may choose to use DCA strategy by allocating some percentage of their earnings into investing in bitcoin and the other percentage to solve some financial situation while Holding. So aslong such individual is planning to hold for 4-10 years he or she would have enough time to sort things out and continue with their accummulation with such time they would be able to secure a nice portfolio for themselves. And most people are In short-term investments with the mindset of trying to get rich fast ( which is a greedy act) and not encouraging at all.

[Briankimp1]

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.

Glad I caught this, you’ve done justice to my inquisitive thoughts it was a simple thought which I hadn’t looked too deep into but after reading your message, I figured it to be a brilliant idea one can practice by only increasing the money used for DCA during the bear season.
Mind you while doing this to avoid letting it affect the money leftover after investing, This would cause a significant increase in volume of your Bitcoins more than regular DCA strategy.

[Taskford]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

You should understand that every one have their own investment strategy and plan because we have investors that ventures into Bitcoin for different purposes of which some are just interested in making little profits while some are interested in making a lot of profits and those that needs little profits are the short term investors and they are mostly the ones that waits for a perfect dip before accumulating whereas the investors with higher profit goals are the long term hodlers that can be patient enough and consistent in buying at any given price so far as they are into long term hodling. Your assumption about the price of Bitcoin in 10-13 years is good but the question is how many people are willing to allow their investments reach that level? Very few right? Looking at the invention of Bitcoin till now how many accumulated till this time? Isn't it few ones as well, so just like what I said about every investor having different motives about their investments but bitcoiners needs to understand the need for long term hodling.

I don't know why you are saying that people can invest in short-term, when we are talking about how to invest in a way so that you don't end up regretting your actions and wasting your time. Most people that think Bitcoin is a scam are people who invested in short-term because of their short sightedness and they run at loss, because they thought that bitcoin is is get rich quick scheme. The reason why one must invest in a long period of time in bitcoin is because of the risk level due to its high volatile nature. The long term investment limits the risk, and become future back up.

Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.

Well don't feel bad on the opinion of some people since they are just guiding you towards the right approach on how you can deal with your bitcoin investment.

Consider to read this https://cointelegraph.com/learn/day-trading-vs-long-term-cryptocurrency-hodling-benefits-and-drawbacks

Short term trading posses huge risk since its like you are trading your all capital in exchange with small profit but when you lose a huge part will be gone that's why experience investor avoid this since this know how risky this type of strategy and they go with more better option which is holding since they just need to plan their accumulation phase and then they wait for many years before they decide to sell and gain big profits with their holdings. Although its not easy since there are mental challenges that we are facing but if we practice ourselves to be more patience for sure we will ignore the thoughts about doing those risky trading decisions.

[Tmoonz]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

Mate,  I don't completely agree with you on this. However, let the clarity be made for what should be called short term and long term Bitcoin investment, in terms of duration. Holding a Bitcoin investment is at the minimum of 4years that is one halving circle where Bitcoin normally hits above it's previous ATH. Hence, any Bitcoin investment below 4 year shouldn't and can never be called a long term Bitcoin investment just as you included 3years in your expression, every long term Bitcoin investment should be from 4years  which is a whole a a whole circle and above which is another way of differentiating long term from short term Bitcoin investment, they shouldn't be seen as a long term Bitcoin investor or a hodler and I can not comfortably call them Short term investos but will preferably call such sets of people traders.@jayjuanGee I hope am correct?

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

There is no smartness in what you are trying to say, rather it is a short sighted approach for completely relying or paying attention only on buying the dip which is completely a waste of time and probably miss buying opportunity, Bitcoin can go up and never come down to the price point you were considering to be high, but with dca strategy weekly or monthly you are already there in the market while making other preparations for buying when there is dip which will give you the opportunity of buying more Bitcoin with the same amount of money at a price lower than it's previous high.

[Marvelockg]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

But anyway there is no use in thinking about what has happened,

  Now we should be well prepared for the next half opportunity, I would say, to avoid making the same mistake I did, you invest now and forget this investment for a long time, either you invest more together and hold for a long time or regularly Invest on a weekly or monthly basis using the DCA method for long periods of time. After you invest, instead of thinking about the price of Bitcoin, focus more on holding and keep holding without looking at the price for a long time, you will surely achieve a lot.

what you should have asked yourself is if you're investing or saving up in Bitcoin for the purpose of buying your laptop? Their is nothing wrong if you want to buy your laptop and you don't have enough resources to buy it at the time and then you DCA till you've reached your goal and then you sell off your holding for such purpose. Sometimes we need to be realistic enough to know that depending on what your short term goal is and how important it will be in ensuring that you're productive, you can take advantage of buying and then holding for few months and once you've reached an amount that's enough to buy an asset that will help you to become more productive with work, you just sell and use it for such purpose and maybe when you're comfortable enough to start really time long term DCA you can set out the right modalities in place to help you achieve that.

As simple as this your situations is, an average person that's in this thread have hard to sell part of his holding to meet up with things like this and as a person, thier hard been times I invested and HODL for about six months because I needed to save up to rent an apartment since I was just done with school and needed a quick way to save up for my house rent. I was fortunate that within the months I saved up, Bitcoin actually increased above amount it was when I started buying and i was abke to sell it and rented my current apartment. I knew the risk involved since I was working on a short timeframe and I knew the possibility that when I would need the money, Bitcoin might possibly go dip putting me in a situation where I would have to choose between waiting longer before selling or selling at whatever price Bitcoin is and probably end up being in loss but fate shun well on me and it works well for me. But then, short termed investment isn't always profitable and if you're unlucky, your plan might go futile and you probably wouldn't be able make anything good outa it.

[Obim34]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

You notice that usually the only successful investors are those who have invested for the long term. Because if you invest in DCA method then you must be sure that your investment will be long term. Because whenever you are not planning your investment for long term then you should not invest it in DCO method. Because DCA method of investment any investor is ready to do it, some invest with built up money and others with small amount invest it regularly for long term. So there must be a plan on what kind of investment he is making and how long he can be patient and his success will depend on it.

When we talk about DCA strategy, we are talking about a means of investment in a long lasting and convenient kind of pattern at which we are much likely to find conducive to hold longer without altering our portfolio. Let me briefly point this out, I see one reason why most investors are unable to hold on to their investment portfolio for a long time, it is simply because they had to stop investing and only have to monitor the price movement, it draws out their intentions and mostly interest them when they see their portfolio increase and disintegrate their mindset of holding when the price begins to devalue. Secondly, our mindset towards how we would like to profit from the market, an investor is likely to get profits in a shorter time as long he doesn't sell below his purchasing price and another investor is prompt to make much more profits while holding over many cycles than the other who sold just too early, we are then left to decide, short term or longer term.

[Uhwuchukwu53]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

That is why it's deeply advisable to know the purpose of a thing so that abuse will not be the order of the day, as long as the BTC investment is concerned one must know the best way to go about it if not after invest one will end up in regret because knowing the best way help you to accommodate patient as the best tool for the investment . You can't be making use of the DCA strategy when your mind is centered on short it will not work out, it's very important to engage in others activities that can sustain your financial needs which may serve as emergency money in order to free any thing that has to temper with the investment made on BTC mostly when using the DCA.

No body that lack the essential knowledge on how to go about this who heart believe on the income of selling in short term holding can actualize dream and benefits of Long term.

Killing the emotion of ATH when you have set to apply DCA strategy help to actualize the benefits associated to the strategy.

[Winterfrost]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

Mate,  I don't completely agree with you on this. However, let the clarity be made for what should be called short term and long term Bitcoin investment, in terms of duration. Holding a Bitcoin investment is at the minimum of 4years that is one halving circle where Bitcoin normally hits above it's previous ATH. Hence, any Bitcoin investment below 4 year shouldn't and can never be called a long term Bitcoin investment just as you included 3years in your expression, every long term Bitcoin investment should be from 4years  which is a whole a a whole circle and above which is another way of differentiating long term from short term Bitcoin investment, they shouldn't be seen as a long term Bitcoin investor or a hodler and I can not comfortably call them Short term investos but will preferably call such sets of people traders.@jayjuanGee I hope am correct?

don't make a big deal outta deciding if four year period is the perfect definition of a long term investment or not. I know you're coming from the place of a four year period being equal to a complete circle but even when you're looking at it from such angle, investing for four years doesn't mean that at the end of the four years you're going to end up during the halving, you've got to consider that for different individuals, the period they started stacking thier Bitcoin isn't necessarily from the start of a fresh circle and if they misunderstand when best to ever think on taking profit out of thier investment and confuse it that it can always happen once they've reached the end of a circle, then it technically means that someone that started stacking from 2021 can start thinking above taking his profit at this point because he has necessarily witnessed the end of a circle. But the reality is that within such space of time, the quantity of your Bitcoin would still be too small.

Even when you've been able to DCA for a period of four years, and you're in some  level of profit, the quantity of your stack wouldn't be still reasonable to have suggested you've made a good long term investment that's worth taking a profit from. Regardless of how long or short termed you consider holding for, what's necessary should be that within such space of time you should have stacked up a good amount of Bitcoin that will give you the expected profit that will see you to reaching your accumulation goal. What I'm saying in essence is, investing for a long period of time is good and if you're able to invest for as long as 20 years, it will be be better but you've got to ensure you're not just counting how long you're holding while accumulating little. You've got to create a balance between how long you're going to hold and ensure you stack up massively during that time frame.

[Miles2006]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

You should understand that every one have their own investment strategy and plan because we have investors that ventures into Bitcoin for different purposes of which some are just interested in making little profits while some are interested in making a lot of profits and those that needs little profits are the short term investors and they are mostly the ones that waits for a perfect dip before accumulating whereas the investors with higher profit goals are the long term hodlers that can be patient enough and consistent in buying at any given price so far as they are into long term hodling. Your assumption about the price of Bitcoin in 10-13 years is good but the question is how many people are willing to allow their investments reach that level? Very few right? Looking at the invention of Bitcoin till now how many accumulated till this time? Isn't it few ones as well, so just like what I said about every investor having different motives about their investments but bitcoiners needs to understand the need for long term hodling.

I don't know why you are saying that people can invest in short-term, when we are talking about how to invest in a way so that you don't end up regretting your actions and wasting your time. Most people that think Bitcoin is a scam are people who invested in short-term because of their short sightedness and they run at loss, because they thought that bitcoin is is get rich quick scheme. The reason why one must invest in a long period of time in bitcoin is because of the risk level due to its high volatile nature. The long term investment limits the risk, and become future back up.

Don't misquote me, I am trying to say that every one have a strategy of making investments so you can't stop someone who chooses to make investments for a short interval of time also it is for a long term investor despite the fact that we are adviced to invest on a long term. Do you know that majority of people investing in Bitcoin does that for a short term because they can't afford to be patient and wait for their investments to grow over the years and sometimes you can't really blame this people because most of them don't have a solid income generating source where they can use and sustain their livelihoods till their investments is matured enough.

I get your point and sometimes people who live their life with little source of income can't just jump into investing in bitcoin so sudden. At the other hand short term investment is not even proper talkless of giving an advice with a short term mindset, I will always tell people like this to invest with the little they have using a long term plan. There's a way an investor will invest regardless their little source of income, besides the long term investment is more profitable, taking out profit due to short term plan is wrong, an investor with such plan will feel delighted but they're causing more harm to their investment especially when they have not accumulated much like a balanced portfolio.

[letteredhub]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

Mate,  I don't completely agree with you on this. However, let the clarity be made for what should be called short term and long term Bitcoin investment, in terms of duration. Holding a Bitcoin investment is at the minimum of 4years that is one halving circle where Bitcoin normally hits above it's previous ATH. Hence, any Bitcoin investment below 4 year shouldn't and can never be called a long term Bitcoin investment just as you included 3years in your expression, every long term Bitcoin investment should be from 4years  which is a whole a a whole circle and above which is another way of differentiating long term from short term Bitcoin investment, they shouldn't be seen as a long term Bitcoin investor or a hodler and I can not comfortably call them Short term investos but will preferably call such sets of people traders.@jayjuanGee I hope am correct?

It is correct that any long term plan in bitcoin investment most be at least 4 years due to the halving circle for the investor to make profit from the bullrun, nevertheless, when I said 3-4 years long term bitcoin investment and you're disputing it that's because you are not considering the fact that there are investors that will be starting their investment after one year of the previous bullrun giving them three years left to DCA till the next halving and bullrun. 3 years is viable enough for a consistent DCAing investor to accumulate a considerable amount of bitcoin if he's doing $50 each week for 3 years to a next bullrun.  That was the angle I was thinking from that I had to say from 3-4 years could be considered a long-term investment. I should believe you now understand.

[Justbillywitt]

Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like

If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.

When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.

You notice that usually the only successful investors are those who have invested for the long term. Because if you invest in DCA method then you must be sure that your investment will be long term. Because whenever you are not planning your investment for long term then you should not invest it in DCO method.

It is not only those that invest in bitcoin through the DCA method that's supposed to hold it for the long term. Let's not get things mixed up here. No matter the methods you used in acquiring bitcoin, your target should be for the long. Mind you all investment in bitcoin should be aiming for the long term. So thinking that using other one method for long term hold and another method for short term hold is wrong and it should be discouraged, because that's not what the teaching in this thread read is all about. I don't know where you are getting this your thinking from, but no matter where you are getting it from, it's wrong and you should stop it before you harm yourself and others who might listen to you, thinking it's the right thing to do. No method of bitcoin investment is for short term. I want you to get that straight to your head.

[Mr.suevie]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

Thanks for the clarification but I would also like to add this particular problem of inconsistency is not only tied to newbies because I believe even some persons who have been in the space for some time can still make this error. One thing is to start an investment and the other is to end up with the actual plans you thought of starting with. The points you just dropped are actually the basics to starting a Bitcoin investment because if you don't have an steady means of income where you can atleast cut out a portion that won't affect you if you want to save it as Bitcoin then you might likely just end up using that same Bitcoin you intend to save to solve one or issues that's needs attention just because the planning wasn't certain.

[Dailyscript]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

That is why it's deeply advisable to know the purpose of a thing so that abuse will not be the order of the day, as long as the BTC investment is concerned one must know the best way to go about it if not after invest one will end up in regret because knowing the best way help you to accommodate patient as the best tool for the investment . You can't be making use of the DCA strategy when your mind is centered on short it will not work out, it's very important to engage in others activities that can sustain your financial needs which may serve as emergency money in order to free any thing that has to temper with the investment made on BTC mostly when using the DCA.

No body that lack the essential knowledge on how to go about this who heart believe on the income of selling in short term holding can actualize dream and benefits of Long term.

Killing the emotion of ATH when you have set to apply DCA strategy help to actualize the benefits associated to the strategy.

I have never heard about abuse of bitcoin. Investors cannot abuse bitcoin rather they abuse themselves because bitcoin had intrinsic values that if someone choses to sell off their investment immediately someone is willing to buy it. Choice is free, we cannot force ourselves to be long term holder it comes with discipline. Such discipline can be learnt by reading investment books, real life experience, and also interacting with the beginners and help board in the forum.

Also, i literally dont understand the meaning of killing the emotion of ATH. Perhaps you have a wrong meaning of ATH. It is an acronym for All Time High. Let me help you out here. When DCA it is certain that an investment do now keep in mind the ATH and ATL of bitcoin. He consistently invest in bitcoin against all odds in other to reach the target.

[Hallroom]

You can deposit bitcoins using DCA method but have you ever thought that you need a strong wallet.  Bitcoin storage should never be deposited in a light wallet, because you can never ignore Bitcoin, Bitcoin is a valuable asset.  So the best way to save Bitcoin DCA method and even better way is to use strong wallet.

[Kwarkam]

A few days ago I was withdrawing some money from my bitcoin holdings to fulfill my dream of a computer, which I also needed. But I think I was wrong, if I had bought the computer a few days later, I could have expected better things, as many people think that the price of Bitcoin will increase after the next halving. from my holding, I withdrew about $500 from Bitcoin when it was worth 69k , after halving it, sold my holdings and bought a computer, I would have got something better.

This is the mistake that newbies make by using the money for their needs to invest in bitcoin, and end up selling part of their bitcoin during accumulating period. You don't have an emergency funds, and you are using the money for emergencies to invest in bitcoin, I hope that you don't end up selling again when the price of bitcoin will not be in your favor and run at loss, maybe that is when you will regret it.

The purpose of investing in bitcoin is to grow it without selling any, no matter the temptation from the market, and that is why it is good to figure out that amount that would not be stressful to you or cause tension to you, and invest with it, so that you can hodli without thinking of selling for a very long period of time. When you are investing, have a bitcoin target and stay focused on achieving it. Although, it might not be easy, but with discipline and sacrifice, and the believe that bitcoin is one of the best assest to invest in for the future. It will be possible.

You have just limited the quantity of your bitcoin, which would have generted a higher profit for you, so what is next, start accumulating now that the price is higher than when you bought those one that you sold...not a wise decision.

Thanks for the clarification but I would also like to add this particular problem of inconsistency is not only tied to newbies because I believe even some persons who have been in the space for some time can still make this error. One thing is to start an investment and the other is to end up with the actual plans you thought of starting with. The points you just dropped are actually the basics to starting a Bitcoin investment because if you don't have an steady means of income where you can atleast cut out a portion that won't affect you if you want to save it as Bitcoin then you might likely just end up using that same Bitcoin you intend to save to solve one or issues that's needs attention just because the planning wasn't certain.

I agree with you, sir. At the very least, before any one goes into Bitcoin , you should  have an emergency saving, and yes a steady, reliable source of income, so you don't end up using your holdings prematurely to sort out emergency situations.
While there can be a lot of upsides to Bitcoin, remember that the downsides can be sudden and sharp. Also note that Bitcoin  may have a higher chance of going to zero than many other assets. In light of this, it would be wise to limit your allocations to an amount you can afford to lose.

If you're looking to diversify your portfolio or are saving for a particular goal (particularly a short-term goal), Bitcoin may not be an appropriate vehicle due to its unpredictability.
In essence, what I'm saying is that firstly, before going into Bitcoin, you should atleast have a reliable source of income that can fund your investment, so you don't have to touch your holdings to handle emergent issues, and then, Bitcoin best fits long term investment, as in the long run the profits pile, but in a short frame, losses can be counted due to its volatility. I think I made sense .