Buy the DIP, and HODL!

[Roseline492]

What do you think that he's the benefit of holding Bitcoin and what do you think that is the meaning of accumulating Bitcoin so for me there is not different between holding bitcoin and accumulating Bitcoin, we define Bitcoin in different participative and holding of Bitcoin will define it in different ways so I know very well that is good for we to hold and also accumulate it is the same thing for my own understanding

Actually there is a different between holding and accumulation of Bitcoin but however they are actually intertwine depending on the intention of the investors because not everyone who claims to be accumulating Bitcoin is actually a holder because lately most people has been confusing  six months to seven holding to be a long term holding when the actual fact is that you can only be considered as a holder if you are able to hold your Bitcoin at least seven to ten years and above.

Meanwhile accumulation on the other hand refers to acquiring Bitcoin into your portfolio which is different thing from holding but however if your intention is for a long term holding then the both of them can work together, however in terms of benefits of Bitcoin without being told you will know that Bitcoin is a very potential coin and in the future your investment will determine the possible profits you would realize because there is no way you would invest little and expect huge returns.

[Nheer]

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Snip

When you invest in bitcoin it means you have disposable money and in that case i also will not regard it as capital so don’t understand why he keeps arguing about this, I think maybe because he lacks understanding about it but i don’t get why a junior member rank will want to argue with a legendary rank with experience? Keeping a cool head and being loyal is the best way to gain knowledge and not argue even when you feel you are right.

Why can't lower-ranking members debate with higher-ranking members? Does the forum have any regulations about that? And that shows you lack respect for newbies, they don't have the right to learn, don't have the right to express their investment opinions?

I agree that those who have been in the markets for a long time will have more experience, but everyone has a different view on investing and just because they don't have the same view as us doesn't mean they are wrong and we are right. Furthermore, sometimes newbies don't have too much understanding and arguing is a good thing because it shows they are trying to learn. Maybe right now they don't understand and are stubborn with their views, but maybe later they will thank us when they understand everything.

I don't also get the point why he bring up the rank discussion since it doesn't mean that if they have high rank account in this forum automatically they are more knowledgeable than those people which have low rank accounts. This is not the measurement of intelligence since not all can spend a lot of time in this forum since maybe they are in focus outside and just visiting here when they need something especially seeking for updates regarding on new trends. I see a lot of knowledgeable low rank account that discuss a lot of technical matters about bitcoin. So hopefully there's no other other discriminating opinion towards them since we are here to share our knowledge and contribute to the topic discuss in this thread.

If they don't like the opinion shared by low rank member then I guess its better to share the correct insights so that they could also learn something that there's something need to  correct on their first opinion posted here.

You guys don’t seem to get my point, this is a forum where we all interact and share ideas and we learn new things from each other every single day regardless of the ranks and even higher ranks can learn from a newbie I don’t dispute that but going back to their discussion I discovered how he disagreed and argued about capital and to my understanding i agree with JJG’s point and further advised him not drag the issue too far and reason from his perspective even if he feels he is wrong.

Y’all attacking me but it’s the plain truth, knowledge shouldn’t be measured by rank, but not just in the forum anywhere you go rank speaks highly of a person more because we all believe a person with higher rank is more qualified. I would have speak highly of him if only his rank was higher or seen a proof of how knowledgeable he is around the forum but I didn’t see anything.

You should tell him the truth instead, to learn and improve one needs to show signs of respect to their seniors no matter how knowledgeable or gifted you think you are it will help you grow more.

[wmaurik]

What do you think that he's the benefit of holding Bitcoin and what do you think that is the meaning of accumulating Bitcoin so for me there is not different between holding bitcoin and accumulating Bitcoin, we define Bitcoin in different participative and holding of Bitcoin will define it in different ways so I know very well that is good for we to hold and also accumulate it is the same thing for my own understanding

Who are you asking, mate?
If you already know that saving Bitcoin is a good thing, of course you will never get bored of collecting it every day in order to have a larger amount of Bitcoin in the future. Because for most people Bitcoin is an asset that is very worthy of being collected and stored properly because Bitcoin has the potential to help its holders from inflationary conditions. So you don't need to hesitate to continue accumulating Bitcoin and saving it while you can still collect it every day with the abilities you have and the strategy you apply yourself.

[Zackz5000]

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

That's right, collect cash first before buying Bitcoin, of course this is very wrong, we can skip buying when the price is down and it would be better if we continue to make purchases whenever we have funds that we can use to invest in Bitcoin and do it consistently in order to achieve satisfactory investment targets from the results of the investments we make.

Make a plan of how you will invest, if investing with accumulated money you must wait for the dip. But if you keep investing regularly using DCA method then you can invest monthly or weekly with your income or salary. So it only depends on the investor whether his investment is long term or short term, but Bitcoin investment is better to be long term. Because the longer the Bitcoin investment, the higher the benefits and the lower the risk.

I don't think waiting for the dip before accumulating Bitcoin as a good strategy, for there is no need waiting for the dip before accumulating Bitcoin as it is not necessary or important when buying using DCA method.

For me I see buying only when the market is DIP as trading. With your DCA strategy you can accumulate more Bitcoin regardless of the price either weekly or monthly as the case may be.

[laijsica]

What do you think that he's the benefit of holding Bitcoin and what do you think that is the meaning of accumulating Bitcoin so for me there is not different between holding bitcoin and accumulating Bitcoin, we define Bitcoin in different participative and holding of Bitcoin will define it in different ways so I know very well that is good for we to hold and also accumulate it is the same thing for my own understanding

While holding and depositing BTC essentially mean the same thing, there are some policy differences. Someone who is financially sound can buy a lump sum of BTC with his cash which is a direct holding here for the long term and is a long term holder with a target of 4-10 years. He feels more comfortable keeping his investment goals for the long term with faith. Long-term holders in BTC often prefer to focus more on timing rather than price. Most of the investors in this system are elite class and also various investment institutions.

On the other hand investors who deposit BTC are also holders but they follow the strategy of depositing uninterruptedly and consistently following the DCA method at fixed time intervals. Following the DCA method in the long term is ideal for all three categories of investors, large, medium or small, as each category of investor has the opportunity to deposit any amount of BTC they can afford. Every category of investor is recommended to keep investing whether weekly or monthly with regular deposits. In this case, investors are advised to keep 3-6 months of floating cash to cover their family's daily needs in case of emergencies and protect their holdings with 4-10 years of uninterrupted DCA continuity.

Basically BTC holders should aim to take care of their holdings for the long term because if they focus too much on the price, there may be deviations that may not yield the desired returns. So BTC holders are the real beneficiaries for future.

[mv1986]

-snip-

I sometimes feel that everyone who hears something about cryptocurrencies will search for the next thing that he or she believes will explode 10000x. It is the feeling that they missed the train and now find themselves hunting that one coin nobody else knows about. In other words, probably 90% of new investors decide against going down the solid route and DCA into Bitcoin overtime right from the start.

The worst is when you get into hopping from Bitcoin into shit coins and try to do that repeatedly, hoping to double your money. In the very, very beginning I have given some shit coins a shot and while it is exciting to see some of them go up, the markets for them very quickly dry out or some of the "dev wallets" get flash dumped and you are screwed.

Yes, I quite understand it, and of course you have explained it well.
There are several common reasons why some new investors own altcoin compared to bitcoin, one of which is that the price of bitcoin is very expensive compared to altcoin price.

They seem eager to buy a lot (meme or otherwise) that they find profitable, but at the same time they fail to understand that bitcoin can also give them returns if they know how to manage their investment budget. As mentioned, DCA will help them earn more bitcoin over time, but their big ambition for altcoin profit mean some of them don't want bitcoin in their portfolio.

The proof lies in the data for Bitcoin. There are threads that explain in a very solid way where somebody would be if they had investors X amount over time in a certain interval. It is mind-blowing and only in hindsight do more people understand how powerful DCAing would have actually been for them even with small amounts.

Of course DCA is good and would be better if used consistently for accumulation.

No, I assume it is the lack of understanding the semantics of what you post. If you say that they think Bitcoin is expensive compared to "altcoins aka shitcoins", it often is the case that they don't even understand the principle market cap is based on. They go for Dogecoin and see it is pennies, while they don't take into account that there is a multitude of coins in circulation compared to other coins. If those people decide to buy a coin based on the sheer price they see, how can you even help them? There is no point in explaining Bitcoin in better detail. There is no need to let them know the value Bitcoin does indeed have! Intrinsic value I would argue! Capital mobility, self-custody, neutrality, etc. I understand that speed and transaction cost are a problem at the moment, but these problems do not negate the advantages Bitcoin has. I have been holding presentations about Bitcoin since 2013 and in my opinion nothing has changed. All the advantages it had back then, it has right now. The only thing that changed is transactions cost. It's a big one, I admit. But I feel there will be solutions to that to a degree that Bitcoin is not only the better gold.

[Ryu_Ar1]

So if you really want to be comfortable then just set it for investment without having to think again to be used as trading especially if we don't understand the trading scheme because in the end it can be like gambling where you only guess according to your instincts.

I wouldn’t advise a person who lacks understanding of trading to think of channeling their investment funds into trading because of the risk involved, trading has higher percentage of risk than Investing and holding and also trading carries more work load than investing because there are lots of things to be learned and understood before one starts trading and even after having the required knowledge the risk is only reduced and still not equal to or less than that of investing. Trading requires practice to perfect to some extent and to achieve this takes lots of time and effort and at the end success is not still not guaranteed. This is why beginners are advised to accumulate  bitcoin to hold instead of trading.

Actually, this should not be suggested because we are here to support each other (remind each other) not to bring each other down by pushing someone into a more difficult situation. I'm not going to say trading is a mistake because that would offend a lot of traders but at the end of the day we also need to believe that something like this cannot be used by everyone without a lot of courage and the science of trading is very difficult so for lazy people like me, I would rather avoid this because the risk is definitely not bearable.

In addition, for beginners also should not be here just for trial and error because it is not a suitable thing to try without a clear approach to something because when only relying on instinct alone it is not trading but gambling so it would be better for beginners to learn investment well first because in addition to the risk is much safer this will also not make our money disappear suddenly exposed to liquidation because it is in the wrong position.

[ginsan]

You seem to be arguing and quibbling with the main points that I was making, which was to rebutt your assertion that investing does not give up anything in the current time, which it likely does, and if it does not then you may well be investing way too whimpily.

Sure your level of aggressiveness is a choice, yet your earlier blanket statement that investing into bitcoin does not contribute to giving anything up seems to be factually wrong, whether a person is investing whimpily or aggressively, and even if he ONLY invests $10 per month, he is still giving something up by dedicating that amount to bitcoin rather than buying a couple extra cups of coffee... or however he might have chosen to otherwise spend or use or save the $10.

That's not what I meant and moreover I support everything you have said in the post I quoted, but in this case you might interpret it in another direction, so sorry if that makes you upset. But I always support every point you have explained and I want to strengthen it with my explanation, perhaps what I explain is a bit difficult for other people to understand.

I support what you said in the previous post that they act aggressively to buy bitcoin by selling cars and saving their monthly expenses to invest in bitcoin. And here I just add a few points from my idea that if they are beginners who invest all their income, of course they are not ready when everything happens to the market, for example a 50% drop.

As for the second point, I also support your point, when they get additional income, of course they can use that money to buy bitcoin aggressively ( when they get additional income).

On the other hand, I support everything you have said and there are many useful points for those who are beginners in investing in bitcoin. They can start from $10 or depending on their ability to manage their cash flow.

[Tungbulu]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

You make quite a notable point.
Stalking and piling up fiat before buying bitcoin is indeed a flawed approach to bitcoin investment, the price of bitcoin can be really volatile and pretty difficult to predict, so before you even manage to gather enough funds, the price might have become higher than it was, making it even more expensive for one to buy.

Rather waiting till you feel you've stacked up enough fund before buying, a more suitable and effective approach would be the DCA strategy, by adopting a strategy of buying on a regular basis, regardless how small, then maybe you could increase the amount of your buys overtime and you'll see that you'll be able to accumulate even more bitcoin in the long run than someone who's waiting to buy at once. The DCA technique doesn't only help to accumulate more bitcoin, it's also a good way to reduce the impact of the market's volatility.

[Tmoonz]

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

That's right, collect cash first before buying Bitcoin, of course this is very wrong, we can skip buying when the price is down and it would be better if we continue to make purchases whenever we have funds that we can use to invest in Bitcoin and do it consistently in order to achieve satisfactory investment targets from the results of the investments we make.

Make a plan of how you will invest, if investing with accumulated money you must wait for the dip. But if you keep investing regularly using DCA method then you can invest monthly or weekly with your income or salary. So it only depends on the investor whether his investment is long term or short term, but Bitcoin investment is better to be long term. Because the longer the Bitcoin investment, the higher the benefits and the lower the risk.

I don't think waiting for the dip before accumulating Bitcoin as a good strategy, for there is no need waiting for the dip before accumulating Bitcoin as it is not necessary or important when buying using DCA method.

For me I see buying only when the market is DIP as trading. With your DCA strategy you can accumulate more Bitcoin regardless of the price either weekly or monthly as the case may be.

 For me , Buying only the dip strategy is not only done by the traders, those that has gotten to their maintenance level in their accumulation journey can also adopt the buying the dip strategy as they may not longer need to be buying frequently with the dca strategy but may decide to only be buying the dip comfortably. But yeah it will be wrong for any low coiner to consider waiting for the dip before making purchases of Bitcoin,  in as much as buying at the dip can be good as it gives the opportunity of buying more Bitcoin with a lesser amount of money as when compared to buying at it previous high but it shouldn't be taken as a primary strategy especially for a low coiner who should be maximizing every opportunities that shows it's self in the market in order to have a sizeable worth of Bitcoin up to a reasonable amount, buying the dip strategy should be a secondary strategy for low coiner.

[Sim_card]

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

I have thought about doing this, with the income I have every month I will set aside some money to save and invest, of course not forgetting to meet my needs. Indeed, if you wait for the money to accumulate and then allocate it to Bitcoin, that's possible, but I don't think everyone can hold cash in fiat consistently, because there are unexpected needs or expenses and the money in the pile will always be used.

Of course, we won't know whether the price will rise or fall in the future, but what is clear is that we hope for the best, namely that the price will rise.

Exactly fiat cannot be held for long without an unforeseen force will come up and eat it up. It is good that you have an income in which you are planning to use some fraction of it to start investing in bitcoin. What you should do is that you don't need to wait till you receive the money before planning since it is certain and a guarantee that you will get paid.

It is better that you start a rough work on your monthly expenses and needs so that any left over that is what you can use part of it to invest in bitcoin for a long-term. While you use the other part to start building your emergency funds to that of three months at least, before you build your reserve funds. The reason why is because so that you can continue using that amount to invest weekly or monthly regularly consistently amd persistently in order to build your bitcoin stash nonstop.

It is better to prepare down so that immediately you get paid you get started immediately. There is no time, as the price of bitcoin is unpredictable and you have no bitcoin yet so delay is dangerous because we do not know what will be the price of bitcoin next. It is good that you use the DCA method only for a start so that it will enable you to stay focus in accumulating regularly and also reduce tension since you have assigned the money to investing on bitcoin.

[Tungbulu]

Not everyone can afford to invest in BTC, due to lack of capital 

There is an important distinction related to the point that you seem to be wanting to make, which seems to be that you are missing some nuance in regards to what makes a person able or unable to invest.

There is some correctness that if a person lacks capital, then he may well not be able to invest into bitcoin or anything else, yet the more important point would be that a person's ability to invest in bitcoin or anything else relates to the extent to which he has discretionary income.   

So in that sense there is no requirement that anyone has any capital at all in order to invest into bitcoin, and so the main requirement is that a person has discretionary income - and sure, a person who has a lot of capital may well be able to invest into bitcoin by moving his capital from certain kinds of assets into bitcoin, so there could be exceptions to any proclamation - even though we already know that it is not required to have any capital to invest into bitcoin so long as you have discretionary, even though having capital could be another way to establish an investment into bitcoin.

but at least if you want and want to why not, and I agree with what you said about the DCA method which is intended for these people.

So are you admitting that there is no need for capital to invest into bitcoin?

But isn't it better to collect money first for some people who are unlucky or whose jobs are below minimum wage.

With something like bitcoin, many times it is better to get started as soon as possible, especially once you have figured out that you have discretionary income.   

Now you might have a lot of messiness in your cashflows and your psychology, so you may well need to get some of those things in order, yet I would not presume that it mis necessary to get your finances and psychology in order prior to getting started in your investment into bitcoin, unless your situation happens to be so bad that you are not even able to figure out with any level of confidence whether you actually have discretionary income or not. 

Even though a large number of people might have a lot of complications in their finances and perhaps even lacking in their abilities to manage their finances very well.  Most likely an overwhelming number of folks should be able to tell you wether they have $100 per week or maybe $10 per week that they would be able to spare or throw away (meaning that it is extra and not needed to cover their expenses).    When folks have really small amounts of extra income and a lot of disorganization in their finances, it is likely more important that they start out more slowly and that they also spend time getting their shit figured out, but that still may well not justify waiting rather than getting started right away with some small amount of discretionary income that can be figured out. 

If there is no way to establish the existence of discretionary income, then those people need to make sure that they have discretionary income before they can start to invest into bitcoin.

Because if they try to invest even if it's only a little bit of what they can afford, wouldn't it hamper their finances more

Yes... if they have figured out that they actually do not have discretionary, then the should not be investing into bitcoin, because if they were to do that they would be gambling rather than investing.  They need to be able to put the money into bitcoin and have a certain level of confidence that they are not going to need such money for 4-10 years or longer and also understand the risk that the amount that they put in could go to zero (meaning they could lose up to 100% of the amount that they put into bitcoin, so they have to be ready, willing and able to accept that possibility, and if they are not able to do that, then their finances and psychology is not ready to invest into bitcoin).

, and would it be more risky for their own lives, because investing is not far from the risks they will face. Isn't it better to be slow but sure to minimize something that is not wanted?

No it is not better to be slow.  It is better to figure your shit out, and either you have disposable income or not.  If you have disposable income, then it is better to get started investing into bitcoin as soon as possible and figure out some kind of a system. 

Otherwise, if you figured out that you either do not have disposable income, then you should realize that you are not able to invest into bitcoin until you are sure that you have disposable income and then you can ONLY invest into bitcoin up to 100% of the amount of your disposable income, but if you are not sure if you have disposable income then you cannot invest into bitcoin.  I would not call that waiting, but instead you either have disposable income or you do not, and if you do not have it you cannot (or should not) be investing into bitcoin, and if you are not sure if you have disposable income or not, then you are likely in the same situation of not having it.. because you need to be clear that you actually have disposable income in order to invest into bitcoin, otherwise you are gambling and not investing.

It is very clear that one's inability to invest in bitcoin or whatever it is that is prioritized is capital. Because there are constraints with one's inability to invest. The inability is based on his job. Very different from people who are capable because basically people who are capable because there is the ability and there are no obstacles to investing. it is very clear what you say the main requirement is additional income, but if in the position of someone who works only in one job with a salary below the minimum wage. And there is no additional income, will it be very inhibiting to start as soon as possible and not collect money first.

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

If a person is only focused on one job, and there is no additional income or perhaps additional income each country is different. If for example there is additional income and each country is different from the additional income, is it possible to start as soon as possible, it will be very risky, and in my opinion if we start investing in BTC by starting 1 year or maybe 3 years to come, I think it's a good decision too, because seeing from the first BTC came out and until now it is still stable.

Collecting money at first as you mentioned will only ruin your investment cause at that early stage of investment you should not bother about profit for needs or making quick money rather you should build your investment gradually even if it takes time not minding the time duration. Bitcoin investment gives room for long term planning so an investor who find it difficult can still plan and invest. Just a quick question, how sure can you tell if bitcoin price will remain in a stable range for the next 2 or 3 years, honestly speaking the best time to buy bitcoin is now so you should take the opportunity and invest. The mistake most people get when it comes to capital and investment mostly bitcoin investment is just simple, it’s never a must to start with huge amount at first or generally, you just need to start with what you have at the moment and gradually you’ll make progress as time goes on.

When it's come to Bitcoin investment, it's always essential to prioritize gradual investment, as well as long-term planning, rather than just the short-term gain, because you could be eating up your seedlings, rather than nurturing and watering them for them to grow and yield the actual fruit.
Due to the Bitcoin's price volatility, it's almost impossible for investors to predict its stability over a specific period like 2 to e years, and that's why the best approach is always to consider it for its long-term potentials.

Just as you've said, there's no best time to buy bitcoin other than now, trying to time the market could land one into even deeper shit as one can't accurately predict what turn the market would take and when it'll take it.
It's best to start investing whatever that's at your disposal, of course after making provision for emergency funds, just incase unforeseen circumstances arise in the future.
It doesn't matter how small, as long as it's consistent and frequent, you'll be able to build up a strong portfolio for yourself.

You can start small and gradually increase your investment, in my own opinion, I think that's even a more sustainable and less risky way to accumulate bitcoin rather than waiting till the fund is huge and then lump-summing.

[Mr.suevie]

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

I have thought about doing this, with the income I have every month I will set aside some money to save and invest, of course not forgetting to meet my needs. Indeed, if you wait for the money to accumulate and then allocate it to Bitcoin, that's possible, but I don't think everyone can hold cash in fiat consistently, because there are unexpected needs or expenses and the money in the pile will always be used.

Of course, we won't know whether the price will rise or fall in the future, but what is clear is that we hope for the best, namely that the price will rise.

Exactly fiat cannot be held for long without an unforeseen force will come up and eat it up. It is good that you have an income in which you are planning to use some fraction of it to start investing in bitcoin. What you should do is that you don't need to wait till you receive the money before planning since it is certain and a guarantee that you will get paid.

It is better that you start a rough work on your monthly expenses and needs so that any left over that is what you can use part of it to invest in bitcoin for a long-term. While you use the other part to start building your emergency funds to that of three months at least, before you build your reserve funds. The reason why is because so that you can continue using that amount to invest weekly or monthly regularly consistently amd persistently in order to build your bitcoin stash nonstop.

It is better to prepare down so that immediately you get paid you get started immediately. There is no time, as the price of bitcoin is unpredictable and you have no bitcoin yet so delay is dangerous because we do not know what will be the price of bitcoin next. It is good that you use the DCA method only for a start so that it will enable you to stay focus in accumulating regularly and also reduce tension since you have assigned the money to investing on bitcoin.

Again procrastination is one thing that delays or spoils an investor plans of wanting to set something. Without doubt so many people have failed to meet with their said plans because of the act of procrastinating and this have left many investor backwards especially in with a volatile asset like Bitcoin that can change it price anytime.

There are so many factors that makes an investor go against their plans and one is actually not planning ahead by keeping or dividing your funds and piling one part for the inevitable emergency ahead because lack of knowing this can make you as an investor procrastinating which can scatter the whole entire idea of wanting to be consistent with your buying of Bitcoin.

If an investor deem it be that their serious with their Bitcoin investment then they must plan ahead because just gathering the money until a certain point for the big purchase isn't a wise choice and also not planning or saving extra money for emergency is also not good because no matter how we do not pray for such things to happen it is undeniable true that they might hit us and when you are not prepared you will definitely temper with your HODLings.

[promise444c5]

I don't think waiting for the dip before accumulating Bitcoin as a good strategy, for there is no need waiting for the dip before accumulating Bitcoin as it is not necessary or important when buying using DCA method.

For me I see buying only when the market is DIP as trading. With your DCA strategy you can accumulate more Bitcoin regardless of the price either weekly or monthly as the case may be.

Buying only the dip strategy is not only done by the traders, those that has gotten to their maintenance level in their accumulation journey can also adopt the buying the dip strategy as they may not longer need to be buying frequently with the dca strategy but may decide to only be buying the dip comfortably.

Buying the Dip is not supposed to be considered as a form of trading   but looking from the perspective bitcoin buying a dip   in an uptrend seems to be a good idea... I wouldn't  give it a trading option only too as its a strategy to buy more with less fund so it's pretty much a good strategy just that the "only" attached is not suitable for beginners who have no reasonable amount yet waiting for dip could just be the  most stupid  that could  be done

[Obim34]

What do you think that he's the benefit of holding Bitcoin and what do you think that is the meaning of accumulating Bitcoin so for me there is not different between holding bitcoin and accumulating Bitcoin, we define Bitcoin in different participative and holding of Bitcoin will define it in different ways so I know very well that is good for we to hold and also accumulate it is the same thing for my own understanding

Users must have made really good comments on this, which I still don't know whom you would have wanted to quote a reply for but I am to add a little more light on this. There is no wide difference between them both, but we can detect quite an atom of data which slightly distinct them. Holding Bitcoin is an act likewise accumulating, but we should consider a say like this "one is accumulating Bitcoin to hold for the long term", this tells that an investor can accumulate Bitcoin to his/her portfolio but his intentions are not subjected to holding for the long run probably a few months after making profits but when dealing with Bitcoin holding it becomes a good measure of creating wealth over time by holding through Dips and Bull season.

[Tmoonz]

But one thing we have to know about investment is this, "the higher the risk, the higher the profitability. So without risk there is no investment.

For me, am considering such statement as a way of passing a negative information about Bitcoin, let the clarity be made as Bitcoin investment is not as the same as other investments and I also feel that Bitcoin is not as risky as most people proclaims or claims it to be, which is one of the reasons why it is always advisable to invest only the money that you can afford to lose, money that you can do without and that is where the idea of making use of your discretional or disposable income comes in, because it is assumed that you must have taken care of your personal needs and emergency funds inclusive and have nothing much to worry about with the hope of a future return. For me, that is the concepts I have when considering Bitcoin as an investment, but I don't know about you.

[rachael9385]

I don't think waiting for the dip before accumulating Bitcoin as a good strategy, for there is no need waiting for the dip before accumulating Bitcoin as it is not necessary or important when buying using DCA method.

For me I see buying only when the market is DIP as trading. With your DCA strategy you can accumulate more Bitcoin regardless of the price either weekly or monthly as the case may be.

Buying only the dip strategy is not only done by the traders, those that has gotten to their maintenance level in their accumulation journey can also adopt the buying the dip strategy as they may not longer need to be buying frequently with the dca strategy but may decide to only be buying the dip comfortably.

Buying the Dip is not supposed to be considered as a form of trading   but looking from the perspective bitcoin buying a dip   in an uptrend seems to be a good idea... I wouldn't  give it a trading option only too as its a strategy to buy more with less fund so it's pretty much a good strategy just that the "only" attached is not suitable for beginners who have no reasonable amount yet waiting for dip could just be the  most stupid  that could  be done

Well, if you think that buying at a dip is trading, then I suggest you get involved properly in trading for a while and come back to investment after, so that you can be able to differentiate between trading and investment by buying Bitcoin during the dip or making use of DCA strategies.

The perfect time to buy more Bitcoin is during the dip, but most times I don't fully agree with anyone who's waiting patiently for the dip. The reason why is that most times we might experience a dip not knowing where we are during the dip period. So, buying the moment you have the money to buy Bitcoin is the best time. One might have the money to buy bitcoin but might be scared to buy Bitcoin because either Bitcoin price is higher or the other, so the person might not buy. Now most people, out of this fear, keep their money and wait. Maybe within a short while, some emergencies might occur and the person will use the money he kept for Bitcoin to do something else.

Once a person has the money to invest (beginner or not), they should go straight ahead and buy the amount they can with the money, then apply the DCAing strategy alone, and it will help the person to achieve a significant amount he didn't expect if only he did it constantly. However, to achieve a big Bitcoin investment, you don't have to stay away from discipline. If you make up your mind to buy some small amount of Bitcoin weekly, or monthly, you should try and continue. Moreover, from my understanding, as long as the investment and DCA method is concerned, I don't see any money as small money, even if it's $10 weekly, if you are disciplined enough to continue constantly without skipping any week in a whole year (52 weeks a year), you will have a good amount of bitcoin from your $10 weekly purchase. What matters in Bitcoin investments is your commitment and the kind of strategies you apply.

[Stepstowealth]

If you have disposable income, then there is no need to wait... but if you do not, then maybe you have to wait until you do... yet I would not presume that a person has to wait merely because his/her disposable income is small, which seems to be what you are saying in a kind of dumb-ass, repetitive and stubborn way.

An individual with a disposable income even if it is small can invest that comfortably into bitcoins with less pressure.

sure your level of aggressiveness is a choice, yet your earlier blanket statement that investing into bitcoin does not contribute to giving anything up seems to be factually wrong, whether a person is investing whimpily or aggressively, and even if he ONLY invests $10 per month, he is still giving something up by dedicating that amount to bitcoin rather than buying a couple extra cups of coffee... or however he might have chosen to otherwise spend or use or save the $10.

I agree because to the two sets of people, the one who is investing aggressively is given what he can based on their disposable income, and the small investor investing little based on their disposable income, are both giving something that has value to them, it is a sacrifice, because they can choose not to as well.

It is better to take the investment journey in a relaxed manner without forcing all their money to be in bitcoin.

Who says?  People can choose their own level of aggressiveness, and yeah they can structure their investment into bitcoin so that they are not stressed, but they don't have to.. The level of aggressiveness or whimpiness is completely discretionary... which means each person can choose and such person may or may not have regrets later over how they choose to go about their level of aggressiveness of their bitcoin investment.

I would say that you choose your level of aggressiveness based on the results that you want. If you Intend to invest and really benefit from Bitcoin you need to be very aggressive about it because you want the best results, but if you are okay with any outcome for your investment, wimpy investment is better than no investment.

[JayJuanGee]

For some people there may be those who invest without capital, but for others or most people the main requirement is capital, on the contrary I have not found people who invest without capital, in my opinion, I do not agree with the absence of capital, because the slightest thing, the will or desire of a person can be said to be capital, to be confident.

Being able to invest into something like bitcoin is called having disposable income. There is no need for capital, as I already mentioned several times.. but you want to argue about it.

When you invest in bitcoin it means you have disposable money and in that case i also will not regard it as capital so don’t understand why he keeps arguing about this, I think maybe because he lacks understanding about it but i don’t get why a junior member rank will want to argue with a legendary rank with experience? Keeping a cool head and being loyal is the best way to gain knowledge and not argue even when you feel you are right.

I don't have any problem with arguing if some kind of a meaningful point was being made, and of course, any of us can be wrong or phrase things badly, so the back and forth will sometimes clarify areas in which we might differ, including if we don't agree.

One of the difficulties of making a kind of absolute assertion such as the one that Reredmi896 was making is that he is not completely wrong - except that he expressed the need for capital as an absolute, and then even after I gave him a specific example in which his absolute was not correct, he still continued to insist that there is a need for capital to invest into bitcoin.

So maybe I am criticizing him more for his ongoing arguing about a wrong point rather than proclaiming that he should not be arguing.. yet we have the problem of both being wrong and then arguing about it, even after being shown specifically how the point that he was making was wrong.

It is difficult to take guys like that seriously, but yeah, let's see if he comes back and continues to try to argue that same point or if there might be some kind of a clarification that he is able to make.. or maybe he might just admit that there are cases in which what he said is wrong.

[edited out]

Why can't lower-ranking members debate with higher-ranking members? Does the forum have any regulations about that? And that shows you lack respect for newbies, they don't have the right to learn, don't have the right to express their investment opinions?

I agree that those who have been in the markets for a long time will have more experience, but everyone has a different view on investing and just because they don't have the same view as us doesn't mean they are wrong and we are right. Furthermore, sometimes newbies don't have too much understanding and arguing is a good thing because it shows they are trying to learn. Maybe right now they don't understand and are stubborn with their views, but maybe later they will thank us when they understand everything.

I largely agree with you.  Newbies have the right to argue about whatever they like, and it is even better if they are able to back up their points with facts, logic and/or reasonable conclusions.. and even opinions that may or may not be well expressed..

And, yeah, sometimes it will take quite a bit of back and forth battling before any of us might figure out if there are good or bad arguments being made.... At  the same time, some of the longer term forum members might be bad with their own ways of expressing themselves, including but not limited to yours truly.. and it can be quite good that another member point out those weaknesses, illogicalities, confusing areas and/or other substantive and/or style problems.

You seem to be arguing and quibbling with the main points that I was making, which was to rebutt your assertion that investing does not give up anything in the current time, which it likely does, and if it does not then you may well be investing way too whimpily.

Sure your level of aggressiveness is a choice, yet your earlier blanket statement that investing into bitcoin does not contribute to giving anything up seems to be factually wrong, whether a person is investing whimpily or aggressively, and even if he ONLY invests $10 per month, he is still giving something up by dedicating that amount to bitcoin rather than buying a couple extra cups of coffee... or however he might have chosen to otherwise spend or use or save the $10.

That's not what I meant and moreover I support everything you have said in the post I quoted, but in this case you might interpret it in another direction, so sorry if that makes you upset.

I usually don't get upset in regards to posts, and so far I have not considered myself to be upset in our back and forth discussion of these matters.

But I always support every point you have explained and I want to strengthen it with my explanation, perhaps what I explain is a bit difficult for other people to understand.

I support what you said in the previous post that they act aggressively to buy bitcoin by selling cars and saving their monthly expenses to invest in bitcoin. And here I just add a few points from my idea that if they are beginners who invest all their income, of course they are not ready when everything happens to the market, for example a 50% drop.

Sure BTC accumulators (investors) can overdo their ongoing allocation and then have regrets when the BTC price drops, but they can also under do and have regrets when the price rises.

As for the second point, I also support your point, when they get additional income, of course they can use that money to buy bitcoin aggressively ( when they get additional income).

On the other hand, I support everything you have said and there are many useful points for those who are beginners in investing in bitcoin. They can start from $10 or depending on their ability to manage their cash flow.

There still was a reason that I gave those examples in the first place, and it had to do with a claim that you made regarding people being able to invest in ways that they would not be sacrificing anything, so that's most likely the reason I gave the examples in the first place, and so we may well be making various different points, and some of the main points might have had gotten lost in the whole process, to the extent that any of it matters in the first place... which my main reasons for responding to the first of your posts in this series of discussions was that I was claiming that almost no matter how much a person invests, whether it is $10 per month or $1k per week, there is going to be sacrifices in the present for the future, and yeah, sure we can imagine really extreme examples where nothing is missed, and those would most likely happen to be whimpy investors.. but yeah, whatever, all of these details and examples might mot even be that important, if we are losing the context (or reasons) regarding why they were brought up in the first place.

[Justbillywitt]

But one thing we have to know about investment is this, "the higher the risk, the higher the profitability. So without risk there is no investment.

For me, am considering such statement as a way of passing a negative information about Bitcoin, let the clarity be made as Bitcoin investment is not as the same as other investments and I also feel that Bitcoin is not as risky as most people proclaims or claims it to be, which is one of the reasons why it is always advisable to invest only the money that you can afford to lose, money that you can do without

If this is what you tell people people around you then I think you are misleading them to be frank with you. How can you comfortable say this. When you say bitcoin is not as other investments, I agree with you because every form of investments has it's own uniqueness, but one thing that's common about all forms of investments is risk. So you telling me that bitcoin is not risky as people thinks I struggle to come to terms with what you are saying. For investment to be considered as an investment, there is supposed to be an atom of risk in it.

Do you know why they tell people to invest the money they can afford to lose in bitcoin, money that they will lose and it will not disturpt their life is because there is an atom of risk associated with bitcoin investment. If the professional who made such statement in the first place never saw an atom of risk in bitcoin investment, I don't think they will be able to make such Statement in the first place.

There is nothing misleading about my position that the higher the risk, the higher the profitability in an investment. Be it bitcoin investment or anything other forms of investments. So without risk there is no investment. The level of profitability you see in bitcoin as an individual is the level of risk you are willing to undertake or tolerate, whaereas those who are willing to take more risk by investing more than you will ever do, stand a higher chance of making profitability more than you and it goes either ways. Don't quote me wrongly but quote me anywhere that I said there is a level of risk involved in bitcoin investment. But if you can't identify any risk, I will point out one for you, and that's the risk of profitability. There is no guarantee that your investment in bitcoin will generate profits and even when it does, you can't determine the level of profits before hand.