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Author Topic: Buy the DIP, and HODL!  (Read 117481 times)
As-Soon-As
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May 05, 2024, 01:01:46 AM
Merited by fillippone (1)
 #8141

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.

We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;

1.)It doesn't require much knowledge to start

2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.

We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.

This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.


I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!



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Cryptoprincess101
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May 05, 2024, 02:49:26 AM
Merited by JayJuanGee (1)
 #8142

I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!


It's not really about getting of proof of someone who is using the DCA but the question is are you accumulating? Seeing other people's proofs without making a step to have your own portfolio is a total waste of energy and time. It has oftenly been discussed about the need to DCA as a beginner and someone who gets your income at regular intervals so you can accumulate at every time your income comes into your DCA and by so doing you will get a whole lot of stashes in your portfolio. Why making Bitcoin investment also consider applying the best investment practices to acquaint you with the proper knowledge needed to guide you all through your investment processes.

The image shows how difficult it is to make a bold step because of too many obstacles that will arise but at last you will reach the peak of your investment because Patience and perseverance is the step to owning a mouthwatering portfolio.

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May 05, 2024, 03:13:06 AM
Merited by JayJuanGee (1)
 #8143

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.

We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;

1.)It doesn't require much knowledge to start

2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.

We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.

This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.


I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!




@As -Soon-As,  I could say that it is a wrong choice of words or intention to approach investment in terms other options, you don't just follow the crowd or Make investment in terms of what people seems to talking about or doing, it cuts across having your own personal conviction which will allow you make that informed decisions according to your personal situation, every investor must tailor down his or her investment plan to suits him or her not because it seems to be a general opinion , you must understand your psychology, your financial situation, investment goals and objectives that will be personal to you not based on people opinion.

.
Duelbits
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Justbillywitt
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May 05, 2024, 06:44:52 AM
 #8144

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.

We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;

1.)It doesn't require much knowledge to start

2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.

We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.

This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.


I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!



You don't just invest because someone gave you an opinion to invest. You have to take time and do your own research about such investment, see the challenges involve in it and check out if you are ready and willing to face such challenges. The general view about bitcoin investment on this thread is for long term hold, once you have understand that concept very well, the next thing to consider is your source of funding, how stable it is, of course multiple sources of income is highly encouraged for every investors. You have to make plans for your emergency funds, reserve funds and floating funds. Before making your first investment. These things I mentioned above has to be in place, If you go through the thread you will see how extensively these things were discussed, because they are the fundamentals to a successful investment and long term holding. Bitcoin investment is nothing something to rush into without putting these things in place, because if you neglect any of them you will have difficulties along the way.

R


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May 05, 2024, 08:17:19 AM
Merited by Fuso.hp (2), AirtelBuzz (2), bitcoin_mining (1)
 #8145

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

First of all I want to make sure that you don't invest as everyone else thinks because why invest according to other people's idea when you have to take the entire financial risk in investing. All you can do is try to learn from what other members have discussed about investing or what other members have advised you about investing. Through others you can learn about investment or get education about investment but you have to have your own strategy in investment and you have to make your own merits from your own strategy and then invest. 

I am an investor and I invest in my own strategy, if you want to invest in my strategy, you may not succeed in investing in my strategy. Everyone has their own strategy and everyone should invest in their own strategy. If you follow others directly in investing, you may not understand whether you are investing in the right way or you are investing in the wrong way. When it comes to investing, I would suggest you to keep learning about investments along with planning investments and keep trying to learn about investments. When you have enough understanding about investing then you can apply investing practically.

Investing means just buying a coin and holding it, but not like that, investment requires proper planning. Like in which coin you will invest, for how long you will invest and how long you will hold your investment after investing but all this should be planned before investing. If you can invest with a proper plan and invest in the right coin in the right way and if you are patient enough to hold your investment for a long time then surely you will be successful in investing. But before these you need to know about investment, understand the application of investment and accept the risk.

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May 05, 2024, 08:25:28 AM
Merited by JayJuanGee (1)
 #8146

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.
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May 05, 2024, 09:26:36 AM
 #8147

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.

Allot of discussion here if one pay attention don't need any new topic again relating to how to invest when Dip and hold for Long term, many analysis and benefits of buying in dip and hold for long term is already in the topic all you need is to read .

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May 05, 2024, 09:46:37 AM
 #8148

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

This topic itself is actually more about buying in the Dip and holding it for the long term without really thinking about when you will sell it. But if what you understand here is just investment, it looks like you need to read more on this topic using the time necessary. Because this topic has been going on for so long that there is a lot of discussion that has happened here so everyone just needs to look at the basic discussion because this topic has been going on for two cycles where there are already more people who have felt the benefits after buying on the Dip and holding it until the cycle next market.
Yes, the thread has been for long, far beyond when I came into the forum and I must attest that I already have learnt a lot and still learning meanwhile all has shaped me to the kind of investor I see my self becoming, an investor who gives deaf ears to Bitcoin critics, avoiding purchasing Bitcoin in an inconvenient manner that may result to having deal with life challenges that could be merely resolved by not investing very aggressively or keeping aside emergency or reserve funds. A lot I can say, i have learnt from this thread and it is best to frequent the threat to keep up the encouragement and learning process. The utmost reason is to purchase the DIP in a convenient manner and Hold like wise DCAing.

.
Duelbits
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May 05, 2024, 10:09:53 AM
Merited by JayJuanGee (1), fillippone (1)
 #8149

I will start investing according to everyone's idea and make my investment long term. 
Dont invest based on someone's advice invest when you have a goal in mind and find a suitable strategy that would help you achieve that goal. The mistakes newbies do when investing is because they listen to others opinions and suggestions that does not suits their financial level or investment target thereby they end up encountering issues along the way and some quickly sell of their investment since they cant cope or continue again. This thread contains so much information's and discussion on investment but ins as much as you give ears to these ideas and opinions always make your own conclusion and convictions before jumping into your investment. Goodluck on the ride!

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May 05, 2024, 10:20:40 AM
Merited by alastantiger (2), JayJuanGee (1)
 #8150

I doubt that we should be measuring our BTC investment in short time frames, and surely if we measure in 4 year or longer time frames, then we likely are going to be doing quite well, even right now.

Let me take a couple of shorter time frames and let's see where we might be, even if we started investing $100 per week in BTC at various high price points in 2021.

Example 1: Started buying $100 per week at the beginning of the year right before the first 2021 price peak.  We would have had invested $17,500, and we would have about 0.5386 BTC (currently worth about $33,833) (so nearly 100% in profits... or nearly doubled in value.


Example 2: Starting in October 2021 - right before the second peak in the BTC price. The guy buying $100 per week would have had invested $13,600, and we would have about 0.4489 BTC (currently worth about $28,218) (so a little more than 100% in profits... or more than doubled in value.

Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..

Let's try another example (Example 3) of a person who has been buying $100 per week for the last 4 years, so that would take us back to May 2020...  He would have had invested $20,900 and accumulated 0.8405 BTC (currently worth about $52,909) (so about 150% in profits...

Let's try another example (Example 4) of a person who has been buying $100 per week the last 7 years, so that would take us back to May 2017.. back before the 2017 run up...  He would have had invested $36,600 and accumulated 3.689 BTC (currently worth about $232,300) (so about 535% in profits...

So there is a kind of tendency that the longer that you invest, then the more likely you are going have created more options for yourself, as long as you mostly accumulate and protect your stash from getting taken from you... maybe privately storing it.

We can likely see it in our BTC portfolio with the passage of time, so no one would have to tell us; however, surely in the first 4 years or so, it might not be so clear regarding the amount of profits, so sometimes it can take a while to see that the bitcoin investment had given more options by investing into it as compared to not having had invested into it (or perhaps choosing to invest your money in other places).
I haven’t had the opportunity to hold Bitcoin for a year since I only just joined started building my portfolio this year but, am not looking to hold for a short time, nope, not by any chance.

Available testimonials on various levels (both the negative and positive) have proven that, Bitcoin shouldn’t even have a timing to it and I’ll tell you why am saying that.

Those who bought Bitcoin back then in 2010 through 2014 and later got to sell it. Even though they might have sold on profit and have reasons to be happy about the price they sold, some of those guys still gets to look at the price on the chart today and wish they had held on. It even gets worst for those who used it to pay for some product or service and later come to realize just how many of those product the said amount could buy in recent times.
Hence, having to sell in today would still have that same effect as per those who sold in the time past when the future year becomes a prevailing reality.

One thing is for sure though, situations do push people to doing that which they would have hoped to avoid but, never sell because you feel you’ve hold enough and should be taking profit. Also, accumulations shouldn’t stop, i think it should be a save guarding your future approach towards it and you don’t do that at once, you continue to buy through your existence. Let your buying enrich your portfolio and let the market price appreciate your efforts in Bitcoin price.
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May 05, 2024, 02:21:58 PM
 #8151

I will start investing according to everyone's idea and make my investment long term. 
Dont invest based on someone's advice invest when you have a goal in mind and find a suitable strategy that would help you achieve that goal. The mistakes newbies do when investing is because they listen to others opinions and suggestions that does not suits their financial level or investment target thereby they end up encountering issues along the way and some quickly sell of their investment since they cant cope or continue again. This thread contains so much information's and discussion on investment but ins as much as you give ears to these ideas and opinions always make your own conclusion and convictions before jumping into your investment. Goodluck on the ride!

Starting an investment based on other people's ideas is certainly not good. Because, this action is considered to have no basis in itself. However, what I can summarize from Brother As-Son-As' explanation, it seems like he is only expressing his opinion, that he will follow the advice or knowledge he gets from everyone discussing on this forum to start investing in bitcoin. I think As-Son-As' opinion is not completely wrong. However, his impression of not having a stance makes his opinion a little less pleasant to read. And I also agree with Dailyscript's opinion, that the knowledge or insights contained in this thread still need to be filtered. Because everyone who wants to start investing in Bitcoin must have different readiness. Both in terms of money and mental. However, if you look at the contents of this thread. Actually, many members discussed DCA. And I think this technique is very good to use in bitcoin investment. Because one of the advantages of DCA in my opinion is that it doesn't really differentiate between the money or capital that must be invested (in terms of amount). This means that no matter how much money you have (as long as the amount can be sent to an exchange), as long as the money is cold, the DCA technique can definitely be used on bitcoin.
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May 05, 2024, 02:46:05 PM
 #8152

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.

Welcome mate to this thread, let me run a quick brief on what we have been discussing here, as the title implies 'buy the dip and hold' the thread is about to best ways to accumulate bitcoin and the best kind of practices you can involve in your be successful at that.

We have settled for the fact that the DCA METHOD or dollar cost averaging is the best strategy for beginners amongst other strategies cause ;

1.)It doesn't require much knowledge to start

2.)You can start buying right away with any amount you have, you don't have to be rich or have a huge capital to start buying bitcoin, all you need is to is divide the capital you have at hand into several parts and invest at equal time intervals.

We have also discussed about building up emergency funds as an insurance we don't sell our holdings due to emergency when we don't plan too, this is important cause as a long term investor you have to ensure that your bitcoin remains intact throughout your investment time.

This is a short summary of some important stuffs you can do some research on DCA to aquire more information on what it's about.


I got a proof of the DCA method, I really like the process, you can also check it out if you want. View post, there is a lot of interesting information here but I feel stronger, now that I see this strong evidence and commit myself to investing according to your opinion.

Agree or disagree?
#DCA into #BTC
Don't #FOMO or #FUD!



You don't just invest because someone gave you an opinion to invest. You have to take time and do your own research about such investment, see the challenges involve in it and check out if you are ready and willing to face such challenges. The general view about bitcoin investment on this thread is for long term hold, once you have understand that concept very well, the next thing to consider is your source of funding, how stable it is, of course multiple sources of income is highly encouraged for every investors. You have to make plans for your emergency funds, reserve funds and floating funds. Before making your first investment. These things I mentioned above has to be in place, If you go through the thread you will see how extensively these things were discussed, because they are the fundamentals to a successful investment and long term holding. Bitcoin investment is nothing something to rush into without putting these things in place, because if you neglect any of them you will have difficulties along the way.
We are in a bitcoin forum, and bitcoin have been recognized over the years as an investment that gives good profit overtime depending on how long you hodli, and the size of your bitcoin. This is why there is no need to make any research on bitcoin again, but invest immediately you can do so, and learn at the same time, because there is no need to waste anytime since OP do not have any bitcoin investment yet.

All he needs is to know how much his discretionary income will be in order for him to use that amount to invest in bitcoin using DCA to buy regularly and persistently weekly or monthly, sothat he can hodli and build his bitcoin stash overtime. If he has his emergency funds and reserve funds in place, then he is good to go.

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May 05, 2024, 03:06:52 PM
 #8153

I will start investing according to everyone's idea and make my investment long term. 
edited

Starting an investment based on other people's ideas is certainly not good. Because, this action is considered to have no basis in itself.
Of course you weren't experienced before you started investing—when you were new. You was among the novices that self-decisions can ruin your success. Market review and its underlying issues are best taken from the experts. I would recommend you to check the historical past of any investable commodity in the market. You should keep yourself out of the opinion of others and make investment decisions with reality. You should always keep in touch with those who are experts in real market analysis and take their advice and make a final investment decision. It is your responsibility to protect your capital and reap the benefits from it.

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May 05, 2024, 03:15:34 PM
Merited by MusaPk (1)
 #8154

Sure it is good to have a longer time line, and that was part of the reason that I outlined the examples to show that the longer that we invest, even if we might start out at a market top, we still might well end up still putting ourselves into a good position.. even though surely it is not guaranteed, but we can see how our BTC portfolio is growing over a timeframe in which we might continue to buy for 4 years or more and then perhaps reassess if we might need to make any changes to what we are doing or just keep buying regularly.
The common problem with most investors is that they put too much attention on the short-term rather than the long-term.
Setting your gaze on the long-term and having a disciplined investment often helps to ride out market fluctuations because the fluctuations only affects the short-term investors.
Having a longer timeline also leads to a much stronger position in the long run.
Most investors believe there's a best time to buy, but fail to understand that everytime is considered a best time, because even if one buys at a market top and then HODL over a longer period of time, it can help to average out the cost as well as increasing one's chances of profitability.

I think that part of the point is that we have a pretty good idea that BTC is going to be volatile, yet we cannot know exactly how much in either direction, while at the same time, we have some fairly strong senses that the price is going to be going up over the long run, while not being completely sure about that, how much it will go up or even how long it will take to go up.

Through regular BUYING and HODLing for 4 years or more,  one can take advantage of the DCA strategy and reduce the impact of the short-term fluctuations. It's also very important to reassess ones strategy overtime as this usually helps to make necessary adjustments in one's approach and to make more informed decisions about one's investments.

Probably the more important part is the ongoing management of one's own cashflow... and yes within that there can be concerns about how aggressive the person is able to be in terms of ongoing bitcoin accumulation.

Although, Investing in Bitcoin, just like every other investments is associated with lots of risk and do not guarantee success but at least, it'll be safer to know that a well thought out approach, patience, self discipline and persistence can help one to increase their chances of achieving one's long-term goals.

That sounds right.

Even if an investor has the same strategy, he might end up buying bitcoin at a higher price and then a lower price, so even a guy that got into bitcoin earlier could end up having a higher cost per BTC than someone who came in later, but in the longer run, he still would end up having more BTC, so the time in the market may still end up being better, even if he ended up with a bit of a higher cost per BTC than someone who came in later.  At the same time, there is ONLY so much value in comparing to other people, but a guy could still compare to himself at time one or time 2, and surely I am not much of a proponent for waiting, even though I know that sometimes, there may need to be adjustments to how much is bought based on anticipations of price conditions, including being able to buy BTC as the price is going down, if that might end up being a guy's point of entrance into BTC.
You're right that even with same strategy, people can still end up buying at different prices, leading to different costs per BTC purchased by each person. However the main point worth noting here is that, though timing the market isn't always the best approach but time in the market could actually still be a very notable factor in determining overall success.

Just as you've also pointed out, it's always better to focus and evaluate one's progress and make all the necessary adjustments in areas that's required, rather than comparing oneself to another person because it could actually turn out to be inexpedient and futile. Rather than comparing oneself to others, one could try making comparisons to their own previous positions as this could actually help to assess one's growth and also make all the necessary changes and adjustments for future growth.

When comparing to one's self, there can be various scenarios that are considered in terms of both projecting forward but also looking back, so surely there can be assessments regarding the level of aggressiveness, or how organized a person is in his finances or even assessment  of various mistakes that were made.. so one side and the other side (or variations) can be compared in each of these kinds of scenarios.

At the end of the year we may not be satisfied with our holdings as the DCA strategy implies consistent short buying. In this case, you can buy a bit more than the series when you realize that its price has entered a bear cycle if you have a floating cash supply. Recommend you to do more research on these marketing strategies. Again after some time when the market rises in the bull cycle, continue with regular DCA and you can get the benefit of over-accumulation in earlier DIP and the average price will fall.
If the goal is still the same as the target of buying on Dip and holding for the long term, I don't think anyone needs to spend any more time doing research related to marketing. Because the only weakness when we see the Dip price is when we don't have much money to buy, even though our desire to buy is very big when we see the price has started to Dip.

And now the price of Bitcoin has recovered and is heading towards $65K so that people who did not hesitate to buy Bitcoin when it was below $60K have once again experienced victory due to the surge in Bitcoin prices which started to occur again at the beginning of this month. This can be a valuable example for everyone that price corrections only occur briefly, but the next price increase in Bitcoin is always more likely to occur in the near future.

Sometimes when the BTC price dips, we just do not know if it is going to recover or not, or if we might be beginning a longer correction cycle or even a bear market.

Sure the four-year cycle and even things that are going on in the world (whether it is ETF approvals and/or government attacks on BTC) give us some guideline and some historical references, but none of those things guarantee price direction.. yet I am overall in agreement with you in terms of some value in buying on dips, especially for guys who are in a stage of their BTC accumulation that might be other than pure DCA strategies. .., which in other words, DCA is likely going to continue to work best for most newbies who are still building their BTC stash and who might be within the first 4 years or so of their BTC accumulation (and who might not have had been able to significantly front load their BTC investment).  Otherwise, there is nothing wrong with employing a combination of strategies...

Sure, the odds might be low that the BTC price might not ever recover, but the odds are not zero, so you have to temper your own investment into bitcoin and to balance your cashflow, and if you were already convinced about bitcoin, you might not have any extra money when the BTC price ended up dipping below the 200-WMA because you had already been investing aggressive and/or overly aggressive prior to the BTC price even dropping below the 200-WMA, so part of the reason that it is difficult to know is partly based on your own situation, and if you had been accumulating all along then why would you have extra dollars merely because the BTC price happens to be down.
Having said that I am fully convinced about Bitcoin, I don't have huge money to go for lump sum investment rather I will go for DCA and if I see price of Bitcoin going down 200-WMA then I will take that opportunity to go aggressive. It's a kind of ideal situation that price of Bitcoin is down below 200-WMA and you have cash to buy bitcoin  
 

So far in bitcoin's history, it has ONLY gone down below the 200-WMA the one time (between June 2022 and October 2023), at least for sustainable periods of time, so there surely may well be quite a bit of value to buy all the way down, because you cannot really know how far the BTC price is going to correct back down or how close it might get to the 200-WMA or if it might go below the 200-WMA again.

My tentative current expectation is that the BTC price will not go below 20% above the 200-WMA for the next 18 months or so, and sure I could be wrong in that expectation, but that is currently how I am considering the matter, absent some facts changing, and there have been so many times that I have been wrong in various tentative expectations that I have in regards to bitcoin's price movement - and so in that sense I don't make any kinds of meaningful changes in my own strategies, and/or BIG bets based on various tentative expectations that I form from time to time. 

So based on past price of Bitcoin we must not get worry even if price of Bitcoin is going below 200-WMA.
You should be able to have some confidence, but it still remains up to you regarding how much conviction that you have and no one is going to save you if you end up estimating wrong in terms of how you choose to balance your own cashflows.  You are also going to be the one who is going to have to suffer if you make the wrong balancing choices.
It's my money so I am the one who will enjoy the profit or bear loss. I am convinced that my money is going in right direction.
   

Of course, no problem with that.  Each of us should be attempting to strike a balance that is sufficiently comfortable.

There are many folks around who are investing in ETFs but I am one of few who is least interested in this ETF stuff.
There are some folks, institutions and/or governments who would have never been ready, wiling and/or able to invest into bitcoin directly, so the ETF provides an onramp to bitcoin that had not previously been available to certain kinds of investors to get exposure to bitcoin.
They want to play safe or don't want to take the risk that's why they go for ETF to avoid risk or legal complications.

Some of them legally cannot do it.. They absolutely cannot buy bitcoin and hold it themselves, so the ETFs provide vehicles for them to get in, and there is almost no way that they were going to set of their own third-party custodian situation in order to achieve some level of bitcoin price exposure, since that is what they seem to want to achieve.. They are not concerned about being able to directly experience the various powers that come from self-custody - even though surely some individuals will end up learning about bitcoin based on their institutions getting involved in the ETF, and some of them will choose to get involved in bitcoin self-custody - in spite of various ways that self-custody seems to be under-attack in recent times.

If the investor who invested at the late october peak 2021 baught when the first  person baugh he could also have made him self alot of profit but now you can see there different clearly  $17500 and $13600.
The first guy has 0.5386 BTC  and the second guy has 0.4489 BTC. and sometimes we still cannot change the facts and/or the prices in which we end up accumulating BTC, and there may well be cases in which we acquire a bunch of BTC, and then the price goes down, and then we see some later entrants who are able to buy more BTC than we have for lower prices.. so yeah, we cannot necessarily avoid some of those kinds of situations, and we just need to do our best in terms of building our own stack so we feel as if we are prepared the potential of UP and also for down too.
definitely, but It depends on when you bought your coin. like those who baught btc at the rate of $100 each, will never face the challenge of buying at higher price and it dips and another person bought cheaper than the first person. I think people who actually accumulated alot that never regret the ups and downs market fluctuations are those early adopters who accumulated less than $100. because even if btc surly reaches $75k and dip down to $20k, they are still at advantage. so I presume early adopters should be classified as those who bought below $100.

I don't really object to your idea of buying below $100 as a kind of early adopter status, yet earlier adopter status is on a kind of spectrum with a lot of differing levels of early adopter, since if you think about it, even those various early adopter who bought a decent number of BTC below $100, they likely also got into bitcoin at various prices along the way and maybe also sold too much too soon, so they might have spent some time reacquiring some of the bitcoin that they sold.  

So, it can be a bit problematic to attempt to describe anyone in terms of locking in some kind of early adopter price.

There may be some real world feasibility for any of us to consider in regards to various costs of our BTC, since we might have certain amounts of bitcoin at various costs, and then we also have our overall average cost per BTC, and depending upon what we are calculating, we might use different calculations in order to either justify differing actions or to tell different stories about our BTC stash and aspects of our bitcoin journey. which can have real world results in terms of how many BTC we might be choosing to sell later down the road, and then how to calculate it.

[edited out]
You don't just invest because someone gave you an opinion to invest. You have to take time and do your own research about such investment, see the challenges involve in it and check out if you are ready and willing to face such challenges. The general view about bitcoin investment on this thread is for long term hold, once you have understand that concept very well, the next thing to consider is your source of funding, how stable it is, of course multiple sources of income is highly encouraged for every investors. You have to make plans for your emergency funds, reserve funds and floating funds. Before making your first investment. These things I mentioned above has to be in place, If you go through the thread you will see how extensively these things were discussed, because they are the fundamentals to a successful investment and long term holding. Bitcoin investment is nothing something to rush into without putting these things in place, because if you neglect any of them you will have difficulties along the way.

Regarding your last sentence, I think that one of the most important things with bitcoin is to get started, so sure it is important to figure out your finances, but it still seems that the message should be to get started rather than suggesting that there might be complications in regards to having to learn things first.

Even though I know that there are some folks who are completely fucked up in terms of their organization skills and they have also gotten themselves in to various pickles in regards to how they manage their finances, and there are a lot of people who gamble in the way that they manage their money.  At the same, time I would like to presume that an overwhelming majority of folks have enough of an assessment of their cashflow to figure out if they have $10 or $100 per week or some other reasonable quantity that they can get started investing into bitcoin right away without putting themselves into worse finances than they might already be.

The mere organization of finances and also and putting together various budgeting matters is likely going to make a lot of people more rich - even though the more richness might not happen right away, but perhaps just over 3-4 years, a person who organizes their finances (which may or may not include putting some of that into bitcoin) is likely going to feel richer, and of course, having a stake in bitcoin seems quite likely to even put them in a greater position of actually being better off (even though there are no guarantees of such).

[edited out}
Investing means just buying a coin and holding it, but not like that, investment requires proper planning. Like in which coin you will invest, for how long you will invest and how long you will hold your investment after investing but all this should be planned before investing. If you can invest with a proper plan and invest in the right coin in the right way and if you are patient enough to hold your investment for a long time then surely you will be successful in investing. But before these you need to know about investment, understand the application of investment and accept the risk.

You make several good points Lidger - yet you deviate in a couple of regards - especially in the sentence that I bolded above.

1) sure no problem with planning, but it does not need to be accomplished prior to investing into bitcoin.. it can be done simultaneously

and

2) Fuck shitcoins and talking about the right coin.... that is misleading 1st because we are not talking about shitcoins in this thread and second because shitcoins are likely not investing, a waste of time and if you actually cannot resist the temptation to buy shitcoins, then limit the amount to less than 10% of the size of your bitcoin investment size, without cheating in regards to allowing shitcoin suck value from your portfolio.

[edited out]
I haven’t had the opportunity to hold Bitcoin for a year since I only just joined started building my portfolio this year but, am not looking to hold for a short time, nope, not by any chance.

Available testimonials on various levels (both the negative and positive) have proven that, Bitcoin shouldn’t even have a timing to it and I’ll tell you why am saying that.

Those who bought Bitcoin back then in 2010 through 2014 and later got to sell it. Even though they might have sold on profit and have reasons to be happy about the price they sold, some of those guys still gets to look at the price on the chart today and wish they had held on. It even gets worst for those who used it to pay for some product or service and later come to realize just how many of those product the said amount could buy in recent times.
Hence, having to sell in today would still have that same effect as per those who sold in the time past when the future year becomes a prevailing reality.

One thing is for sure though, situations do push people to doing that which they would have hoped to avoid but, never sell because you feel you’ve hold enough and should be taking profit. Also, accumulations shouldn’t stop, i think it should be a save guarding your future approach towards it and you don’t do that at once, you continue to buy through your existence. Let your buying enrich your portfolio and let the market price appreciate your efforts in Bitcoin price.

I am not really against anything that you said, yet I would like to say that there can be levels of BTC accumulation that is enough and/or too much, so then once you feel that you have too much BTC, then you can figure out ways to sell some of it without feeling guilty about shaving some off here and there.  And, for sure, I am not suggesting that anyone should be selling large portions of his BTC stash.  

Even though there can be some accounting difficulties in spending BTC, I am not really against the idea of using bitcoin for transactions, especially in a sell and replace way, even if you might not really make any money in engaging in such conduct,, but surely if businesses support bitcoin transactions, that should help to inspire any of us bitcoiners to want to use their services, when it seems somewhat reasonable for us to do so.. which would be spend and replace.,. but yeah, I understand that sometimes there can be extra transactional obstacles that discourage spending and replacing kinds of activities.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 05, 2024, 03:37:20 PM
Last edit: May 05, 2024, 04:24:53 PM by Tungbulu
 #8155

I will start investing according to everyone's idea and make my investment long term.  
Dont invest based on someone's advice invest when you have a goal in mind and find a suitable strategy that would help you achieve that goal. The mistakes newbies do when investing is because they listen to others opinions and suggestions that does not suits their financial level or investment target thereby they end up encountering issues along the way and some quickly sell of their investment since they cant cope or continue again. This thread contains so much information's and discussion on investment but ins as much as you give ears to these ideas and opinions always make your own conclusion and convictions before jumping into your investment. Goodluck on the ride!

Very true.
It's very important to take personal responsibility when going into any investment. One should always define their financial goal so you know what you really want and how to achieve those goals. Also define your risk tolerance as well as your investment horizon. By doing this, it gives you the opportunity to be able to tailor out a suitable investment strategy that will be in alignment with your objectives and goals.

Many who do not know the importance of developing their own strategy often follow others' opinions blindly and this is sure to lead to poor decision making. This is exacythe common mistake that new investors usually make, diving into Bitcoin investment without first drafting their goals and tailoring a strategy that suits their goal, following and adopting someone else's strategy without even knowing the person's goals or considering first their financial situation, not able to diversify or developing a good risk management skill and then they end up making impulsive decisions drawn from their emotions.

.
Those who bought Bitcoin back then in 2010 through 2014 and later got to sell it. Even though they might have sold on profit and have reasons to be happy about the price they sold, some of those guys still gets to look at the price on the chart today and wish they had held on.
You're absolutely on the right path considering Bitcoin for it's long-term profit, because not only will you reap the actual benefits of Bitcoin, it'll also give you the courage to overlook the short-term fluctuations in Bitcoin price.
A lot of investors who do not know this are obviously panicking and some are obviously selling at low price right now, maybe with intentions of buying when it goes even lower or closing Their portfolio for fear of not losing everything. Ignorance is a bitch...

Reading what you wrote about those who had already bought bitcoin back then in 2010 through 2014, I just can't help but to remember the famous case of Laszlo Hanyecz who paid Jeremy Sturdivant 10,000 Bitcoins for just two Papa John's Pizza. Whenever I remember that tale, I first of begin to imagine how Laszio would be feeling right now remember that he gave away over $643,000,000 (calculating with the current price of Bitcoin). Honestly I can't even imagine how devastating that'll be.

But one thing I've come to realize during my journey as a Bitcoiner is that, it doesn't really matter when you started building your portfolio, Some experts predict that bitcoin has the potential to reach 1M in the future, so starting to build your portfolio now with the right technique and HODLing through these short-term fluctuations, you'll be happy happy with your achievement in a couple of years.
Sure it is good to have a longer time line, and that was part of the reason that I outlined the examples to show that the longer that we invest, even if we might start out at a market top, we still might well end up still putting ourselves into a good position.. even though surely it is not guaranteed, but we can see how our BTC portfolio is growing over a timeframe in which we might continue to buy for 4 years or more and then perhaps reassess if we might need to make any changes to what we are doing or just keep buying regularly.
The common problem with most investors is that they put too much attention on the short-term rather than the long-term.
Setting your gaze on the long-term and having a disciplined investment often helps to ride out market fluctuations because the fluctuations only affects the short-term investors.
Having a longer timeline also leads to a much stronger position in the long run.
Most investors believe there's a best time to buy, but fail to understand that everytime is considered a best time, because even if one buys at a market top and then HODL over a longer period of time, it can help to average out the cost as well as increasing one's chances of profitability.

I think that part of the point is that we have a pretty good idea that BTC is going to be volatile, yet we cannot know exactly how much in either direction, while at the same time, we have some fairly strong senses that the price is going to be going up over the long run, while not being completely sure about that, how much it will go up or even how long it will take to go up.
Indeed.
Almost everyone knows about Bitcoin's volatility, although while we all anticipate price fluctuations, it's impossible to predict the particular direction and magnitude it'll take.
You're also right that even people who believe in Bitcoin's long-term potential for growth, it's also impossible to predict the exact timing, the extent it'll grow and the exact pace at which it will.

These uncertainty shouldn't actually be a bad thing, to me, it's exactly what makes bitcoin investment exciting and adventurous because the more you advance, the more you learn and discover new techniques and approaches, learn from your earlier errors and advance.
It's very crucial for an investor to know exactly how to understand and manage these uncertainties through risk assessments, long-term perspective, regularly balancing one's portfolio, diversification and always eager to research and learn more.

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May 05, 2024, 07:29:27 PM
 #8156

Indeed.
Almost everyone knows about Bitcoin's volatility, although while we all anticipate price fluctuations, it's impossible to predict the particular direction and magnitude it'll take.
You're also right that even people who believe in Bitcoin's long-term potential for growth, it's also impossible to predict the exact timing, the extent it'll grow and the exact pace at which it will.

These uncertainty shouldn't actually be a bad thing, to me, it's exactly what makes bitcoin investment exciting and adventurous because the more you advance, the more you learn and discover new techniques and approaches, learn from your earlier errors and advance.
It's very crucial for an investor to know exactly how to understand and manage these uncertainties through risk assessments, long-term perspective, regularly balancing one's portfolio, diversification and always eager to research and learn more.
Bitcoin is bound by uncertainty of what the price would be especially in the future. But doing one interesting thing is that you can be uncertain what the price would be tomorrow next week or next month. One thing is assured that the price in the next 2 to 3 years would be greater that what it is today, So the question is two to 4 years a so big that investors won't have patience to wait? Many persons are misled by the dip action currently thinking it will dip even more. My dear one doesn't need to be persuaded much a true investor will see an opportunity like this and buy the dip instead of thinking about where the price would be soon.

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May 05, 2024, 08:29:13 PM
 #8157

Indeed.
Almost everyone knows about Bitcoin's volatility, although while we all anticipate price fluctuations, it's impossible to predict the particular direction and magnitude it'll take.
You're also right that even people who believe in Bitcoin's long-term potential for growth, it's also impossible to predict the exact timing, the extent it'll grow and the exact pace at which it will.

These uncertainty shouldn't actually be a bad thing, to me, it's exactly what makes bitcoin investment exciting and adventurous because the more you advance, the more you learn and discover new techniques and approaches, learn from your earlier errors and advance.
It's very crucial for an investor to know exactly how to understand and manage these uncertainties through risk assessments, long-term perspective, regularly balancing one's portfolio, diversification and always eager to research and learn more.
Bitcoin is bound by uncertainty of what the price would be especially in the future. But doing one interesting thing is that you can be uncertain what the price would be tomorrow next week or next month. One thing is assured that the price in the next 2 to 3 years would be greater that what it is today, So the question is two to 4 years a so big that investors won't have patience to wait? Many persons are misled by the dip action currently thinking it will dip even more. My dear one doesn't need to be persuaded much a true investor will see an opportunity like this and buy the dip instead of thinking about where the price would be soon.

There's isn't any guarantees that one is going to make more profits in the next 3 or 4 years and above, because we can't actually tell the or predict the market movement. But still is better to have some good quantities of bitcoin stash, than having none just as sir JayJuanGee said inorder to be prepare for the up one should prepare for the down also by accumulating. The reason most time I usually encourage long-term holding, is because whenever one is holding and accummulating for longer-term purposes he or she will have enough time to stash some good quantities of bitcoin in Their portfolio, and the other reason is that base on history bitcoin as being tend to be increasing in value the past years , so we all believe such may continue.

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May 05, 2024, 08:35:22 PM
Merited by ShowOff (1)
 #8158

Starting an investment based on other people's ideas is certainly not good. Because, this action is considered to have no basis in itself. However, what I can summarize from Brother As-Son-As' explanation, it seems like he is only expressing his opinion, that he will follow the advice or knowledge he gets from everyone discussing on this forum to start investing in bitcoin. I think As-Son-As' opinion is not completely wrong. However, his impression of not having a stance makes his opinion a little less pleasant to read. And I also agree with Dailyscript's opinion, that the knowledge or insights contained in this thread still need to be filtered. Because everyone who wants to start investing in Bitcoin must have different readiness. Both in terms of money and mental. However, if you look at the contents of this thread. Actually, many members discussed DCA. And I think this technique is very good to use in bitcoin investment. Because one of the advantages of DCA in my opinion is that it doesn't really differentiate between the money or capital that must be invested (in terms of amount). This means that no matter how much money you have (as long as the amount can be sent to an exchange), as long as the money is cold, the DCA technique can definitely be used on bitcoin.
You can consider other people's ideas in adjusting your investment plan. If you already have your own plan then it is better for you to apply it in your investment journey. No one forces us to implement other people ideas because we are investing with our own money and we will decide. However, in this case everything needs good adaptation which we may not yet understand, so input from other people's ideas can open our horizons in investing in bitcoin.

The best way is to accumulate bitcoin every week with the financial level we have, for example if you can afford $50 per week then buy it regularly until you feel satisfied with your bitcoin ownership.

Our investment goals have various meanings, starting from investing for old age for those who have passed the age of 50 years. And also for those aged 30 years and over, maybe they invest to make a profit and buy things they have dreamed of.

So far we have only bought and it is difficult to hold bitcoin for long, therefore we need ideas from other people regarding their explanations of how we can hold bitcoin longer.

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May 05, 2024, 09:47:21 PM
Merited by Stablexcoin (2), DirtyKeyboard (1)
 #8159

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
There's no need to show us proof of your bitcoin investment when you start investing in bitcoin because it isn't advisable to show your bitcoin online so that you will not be attacked. If you invest with everyone's ideas, you will not hold your bitcoin for a long term because you will not have enough money left to take care of your unforeseen problems. As a newbie, I will advise you to invest in bitcoin with the DCA strategy so that you will be accumulating bitcoin and also take care of your emergencies as they arise. The DCA strategy will help to control the volatile part of bitcoin in your portfolio and also control your emotions in deciding when to buy bitcoin. With the DCA strategy, you can also buy bitcoin even if the price is increasing or decreasing.

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May 05, 2024, 10:13:32 PM
Merited by fillippone (1)
 #8160

I just entered this topic for about an hour, and I will start looking at the details from today. But I have been looking at this topic for an hour with ideas and my mind is useful enough to invest. I will start investing according to everyone's idea and make my investment long term.  Because everyone here says long term investment is only more profitable, I will definitely show you the scenario of investing with proof from the day I start investing. So I am interested enough to invest now.
There is this thing I would want you to do for yourself at first, are you really convinced to venture into bitcoin investment?
This includes bearing the risk associated to it without you in a day saying you were convinced by people over here because whatever lost you incur won't be replaced by anyone and bitcoin investment is like a personal choice and not what the public has given to you to do, as an investors you can seek their idea but doesn't mean that you should implement them as quickly as possible.

What you would is that take your time look over them and see if those thing suits you very much before taking your final step if you aren't that desperate of pulling of your investment after few months or in a year interval, because most people has been forced to sell of their investment since they had no additional source of income or any fund that is keep aside for emergencies maybe as a cushion money sets aside for sustaining yourself and your family all these are things you need to consider before putting some of your percentage into bitcoin investment.

Note that risk are not divided over here, so whatever thing you are doing you should do it at your own risk.

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