Buy Bitcoin, and HODL!

[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.

[promise444c5]

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.

Well I don't know the quite you're replying  too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because  there could be other dip in markets under trading  and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm  I trying  to prove

For me I see buying only when the market is DIP as trading.

This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we  emphasize  on the word ONLY.

[Gallar]

~Snip

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.

~Snip

Yes, buying bitcoin when the price is cheap or falling is very good. However, that doesn't mean that when the price of bitcoin rises we have to wait until the price of bitcoin falls before we can make a purchase. So when there is an opportunity (have money) to buy bitcoin, it is better to do it immediately. Because as you said, sometimes emergencies come without us realizing it.

However, what I will correct a little here is, if for example someone intends to buy bitcoin, but when there is an emergency their money is disrupted because of this situation. This means that the money to be invested is included in the hot money category and not cold money. So, so that the DCA accumulation system is not hampered by emergency problems, of course we have to prepare cold money. Apart from that, when managing finances, emergency money must also be available, so that the money planned to be invested in Bitcoin is not disturbed when an emergency occurs. Because if, for example, we invest in Bitcoin using the DCA technique and the money collected is hot money, it will definitely not go smoothly in the end. Because the money that has been accumulated in Bitcoin can most likely be withdrawn to cover if an emergency occurs. Therefore, when you want to invest in Bitcoin, financial management is absolutely necessary.

[Roseline492]

However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...

Indeed we cannot dispute the fact that buying at Dip is not good but however you should understand that Bitcoin price will not always remain Dip, so perhaps instead of focusing on buying only the Dip you can also think about accumulating with any current price since you will be using the DCA strategy, however one of the ways at which investors go about buying the Dip when they are using DCA is that when they noticed that Bitcoin price is Dipping they will adjust there accumulation amounts so that they will be able to buy more and when the price increases they continue with there normal amounts.

However it seems you are confusing buying at Dip to be use by traders because is totally different thing from traders and besides traders only focus to utilize the opportunity of every price consolidation or correction while holders are only the ones that utilizes the Dip the most, however you sounded so much like a trader because if not you wouldn't have been emphasizing on how buying at Dip could be use by traders.

[Troytech]

snip

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.

I can't agree with what you are saying cause I hate to see ranking as a measure to know who is more knowledgeable than others in this forum, you also have to understand that this thread is a little complex than other threads cause we are talking about investment and money management here and you know that everyone has to bear the risk himself for which ever decision that he makes, anyone that shows interest has the right to argue with whoever opinion that he finds contradictory to what he knows and thats the only way to really learn by disproving each others facts.

I can remember when I started off in the thread it took me a while to start understand what everyone was saying and even till this moment i still have my own opinion concerning some matters we argue or discuss here, and just for clarity someone could have Been on this forum for longer doesn't have anything do with his experience concerning investment, I had already started investing or rather bought Bitcoin once before this forum, everyone is something outside here and irrespective of rank we must understand than everyone's opinion is valid and should be correct if wrong or respected if correct.

Moreover what margin do we use to know who is correct or wrong everyone here speaks as he knows, not like there is a textbook to investing in bitcoin, we all learn and tell others what works for us, newbie or legendry alike, we are here to learn.

[teamsherry]

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.

Well I don't know the quite you're replying  too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because  there could be other dip in markets under trading  and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm  I trying  to prove

Buying the dip would always be a good strategy with regards to bitcoin, but it better works as a backup strategy since it only involves buying at one market trend, since we have already said that using DCA is better since it involves ongoing consistent buying of bitcoin weekly or monthly or which ever way that the user chooses to, i think the misunderstanding here is with the usage of the buying on the dip, preferably like I said before, buying the dip is good cause it can help to accumulate bitcoin at lower prices but one of its flaws when used independently is you would always have to wait for dips and at times we could end up having indecision with regards to when is the dip or how to identify the dip and this could lead to underaccumulating of bitcoin making it a good strategy as a backup, buying on dip isn't trading unless a person decides to use it for short term accumulation to get profits of market waves.

For me I see buying only when the market is DIP as trading.

This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we  emphasize  on the word ONLY.

Your right buying on dips isn't the best strategy for beginners considering that fact that it doesn't support ongoing and consistent buying of bitcoin which i think I'd what most beginners should be most bothered about since they are just starting out, but that doesn't mean they also can't practice it, yeah it's could be quite difficult for someone who doesn't know much to identify a dip and most newbies could tend to want to be smart and end up waiting to long or trying to caught the lowest point of the price and might missout on the whole thing, but yeah if the strategy is understood I think anyone can use it especially as a backup strategy to accumulate more bitcoin in times of low prices.

[Promocodeudo]

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

Not everyone is blessed enough to have huge amount of money to invest in bitcoin at once, if i am not mistaken majority of the people don’t have that much to invest all at once that’s why the DCA strategy was introduced to so the less privileged can also have the opportunity to invest as well and not miss out. The amount we invest depends on the capability of risk tolerance and not the amount of money we have in our bank accounts. Some might be earning just little and still risk 50% of it into investing in bitcoin while a person who earns more might find it difficult to invest up 10% of their money in bitcoin.

Waiting to accumulate more money to invest is not the best way for me, while trying to save up one might be faced with different financial challenges which might lead to spending part of the money meant for your investment so investing the little you can afford first and topping up whenever you can is the best way to accumulate bitcoin especially for those who don’t have huge amount.

You are very correct, individual capability differs in terms capital to invest in Bitcoin but the area of concentration should not only be having the money itself but the ability to keep the ground running by accumulating continuous which should be an investors priority, although Bitcoin investment is not meant for everyone but it is an opportunity thatt has avail itself for every interested person be it poor or rich, although DCA strategy has help everyone so there shouldn't be excuse for anyone to be ababdone by the train, note investing in bitcoin should be depndent on the amount of money you can afford to lose not necessarily the amount you have because if anything happens no one will be blamed for it, the loss incurred will be a personal problem of the investor, thats why is not advisable to risk it all. Invest with what you have and accumulate more as your income increases, this an investment, don't risk what you can't tolerate in other to avoid emotional upset.

[Spaceman1000$]

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

Not everyone is blessed enough to have huge amount of money to invest in bitcoin at once, if i am not mistaken majority of the people don’t have that much to invest all at once that’s why the DCA strategy was introduced to so the less privileged can also have the opportunity to invest as well and not miss out. The amount we invest depends on the capability of risk tolerance and not the amount of money we have in our bank accounts. Some might be earning just little and still risk 50% of it into investing in bitcoin while a person who earns more might find it difficult to invest up 10% of their money in bitcoin.

Waiting to accumulate more money to invest is not the best way for me, while trying to save up one might be faced with different financial challenges which might lead to spending part of the money meant for your investment so investing the little you can afford first and topping up whenever you can is the best way to accumulate bitcoin especially for those who don’t have huge amount.

You are very correct, individual capability differs in terms capital to invest in Bitcoin but the area of concentration should not only be having the money itself but the ability to keep the ground running by accumulating continuous which should be an investors priority, although Bitcoin investment is not meant for everyone but it is an opportunity thatt has avail itself for every interested person be it poor or rich, although DCA strategy has help everyone so there shouldn't be excuse for anyone to be ababdone by the train, note investing in bitcoin should be depndent on the amount of money you can afford to lose not necessarily the amount you have because if anything happens no one will be blamed for it, the loss incurred will be a personal problem of the investor, thats why is not advisable to risk it all. Invest with what you have and accumulate more as your income increases, this an investment, don't risk what you can't tolerate in other to avoid emotional upset.

For me I think emphasis should be laid on having the money, because the DCA method can work only if you have the capital to follow through it, whether it's 6 months or one year or how long you plan to invest.
For those that risk it all Just like you said, are people that are not factual about their analysis, the DCA method was not created for you to risk it all, is an avenue to buy Bitcoin little by little no matter the price, so if you say you want to risk it all, and you have the capacity for huge investment then why not use the lung-sum method instead. but mind you, Bitcoin investment is not that sort of investment you wake up one morning and you've lost all your investment, it's even rewards you even for your huge investment and your long time wait.

[Alpha Marine]

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.

As long as you have an income, you have capital to invest in bitcoin. Your problem is, you see capital as a special fund that is either outsourced or saved for a long time. Capital is simply money you can use to invest and with bitcoin you can invest with whatever you have.
If yo have an income. The smaller your income, the smaller your investment might be.
Imagine having savings and saying you're waiting for capital to invest in bitcoin. It doesn't make sense because that savings can be your investment. It can be $20, but as long as that $20 can grow to $25 or drop to $15, that's an investment and that's how it is with bitcoin.
As long as you have an income, you have capital to invest in bitcoin in my opinion.

[laijsica]

Your right buying on dips isn't the best strategy for beginners considering that fact that it doesn't support ongoing and consistent buying of bitcoin which i think I'd what most beginners should be most bothered about since they are just starting out, but that doesn't mean they also can't practice it, yeah it's could be quite difficult for someone who doesn't know much to identify a dip and most newbies could tend to want to be smart and end up waiting to long or trying to caught the lowest point of the price and might missout on the whole thing, but yeah if the strategy is understood I think anyone can use it especially as a backup strategy to accumulate more bitcoin in times of low prices.

DIP searches can be relatively difficult for new investors in BTC because of the paucity of considerations in their investment. Continual purchases can be supported if he considers the DCA method. The best strategy for them may be to keep BTC deposits as a long-term strategy regardless of monthly income. Before investing he should be prepared first about his capital growth strategy and to acquire the title of long term holder so that he does not have to take the risk of withdrawal of investment which is floating money. Adequate knowledge of DCA for new investors can make them smart investors.

although Bitcoin investment is not meant for everyone but it is an opportunity thatt has avail itself for every interested person be it poor or rich, although DCA strategy has help everyone so there shouldn't be excuse for anyone to be ababdone by the train,

DCA is a universal strategy for eliminating ability differences in investing that is applicable to people at all levels. Keeping in mind the ongoing consistent strategy and the habit of taking care of the BTC stack can make him a high quality holder in the future. You rightly say that the train waits for no one so I would say that the price that currently creates an opportunity to buy BTC will probably be a DIP for the foreseeable future. So regardless everyone should focus on BTC accumulation.

[Tmoonz]

Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin.

You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment.

Not everyone is blessed enough to have huge amount of money to invest in bitcoin at once, if i am not mistaken majority of the people don’t have that much to invest all at once that’s why the DCA strategy was introduced to so the less privileged can also have the opportunity to invest as well and not miss out. The amount we invest depends on the capability of risk tolerance and not the amount of money we have in our bank accounts. Some might be earning just little and still risk 50% of it into investing in bitcoin while a person who earns more might find it difficult to invest up 10% of their money in bitcoin.

Waiting to accumulate more money to invest is not the best way for me, while trying to save up one might be faced with different financial challenges which might lead to spending part of the money meant for your investment so investing the little you can afford first and topping up whenever you can is the best way to accumulate bitcoin especially for those who don’t have huge amount.

You are very correct, individual capability differs in terms capital to invest in Bitcoin but the area of concentration should not only be having the money itself but the ability to keep the ground running by accumulating continuous which should be an investors priority, although Bitcoin investment is not meant for everyone but it is an opportunity thatt has avail itself for every interested person be it poor or rich, although DCA strategy has help everyone so there shouldn't be excuse for anyone to be ababdone by the train, note investing in bitcoin should be depndent on the amount of money you can afford to lose not necessarily the amount you have because if anything happens no one will be blamed for it, the loss incurred will be a personal problem of the investor, thats why is not advisable to risk it all. Invest with what you have and accumulate more as your income increases, this an investment, don't risk what you can't tolerate in other to avoid emotional upset.

For me I think emphasis should be laid on having the money, because the DCA method can work only if you have the capital to follow through it, whether it's 6 months or one year or how long you plan to invest.
For those that risk it all Just like you said, are people that are not factual about their analysis, the DCA method was not created for you to risk it all, is an avenue to buy Bitcoin little by little no matter the price, so if you say you want to risk it all, and you have the capacity for huge investment then why not use the lung-sum method instead. but mind you, Bitcoin investment is not that sort of investment you wake up one morning and you've lost all your investment, it's even rewards you even for your huge investment and your long time wait.

I consider your mentioning of 6 months or one year investment plan in your narrative problematic and off as the thread only lay emphasis on a longer term investment plan of about 4 to 10 years or more of accumulating and holding Bitcoin with various strategies that suits such an investor in order to have a reasonable amount of Bitcoin.

[rachael9385]

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.

Well I don't know the quite you're replying  too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because  there could be other dip in markets under trading  and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm  I trying  to prove

For me I see buying only when the market is DIP as trading.

This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we  emphasize  on the word ONLY.

Well, from the beginning of your first comments, I understood the whole thing that you were saying, and I understand your points clearly. If a trader is buying at the dip, he's hoping to sell at a high price because everyone into Bitcoin (trading or not) wants to make a profit. In Bitcoin trading, everyone who's doing it must always keep their eyes on the market to make sure what is happening so that they will be able to know if they will sell or not. Buying a dip is another method of investing in Bitcoin and both traders and investors can use that method to buy Bitcoin. Traders are not different from short-term investors because those people can not hold for a long term.
The difference with the DCA method of buying dips is because, with DCA, you can buy at every given opportunity (whether Bitcoin is high or not), ones you have the money. But as you are using the DCAing strategy to invest in Bitcoin, then you eventually meet Bitcoin at dip time you should be able to grab that opportunity and buy as much as you can.

A trader can start trading during the dip but won't have the patience to hold the Bitcoin he bought because he's not an investor of Bitcoin but a trader. I advise anyone that's ready to make an investment in Bitcoin to use the DCAing strategy, because regardless of the price of Bitcoin, one can still invest any amount they want and can achieve what they want if they always DCA as planned from their portfolio (just like I have said earlier). When you are buying Bitcoin at the dip, you won't be given the opportunity to buy it always because, as Bitcoin's price is fluctuating, sometimes it goes up, and sometimes it comes down, but using the DCAing strategy allows you to buy even when Bitcoin is up or down in price.

[GigaBit]

I consider your mentioning of 6 months or one year investment plan in your narrative problematic and off as the thread only lay emphasis on a longer term investment plan of about 4 to 10 years or more of accumulating and holding Bitcoin with various strategies that suits such an investor in order to have a reasonable amount of Bitcoin.

By long term planning we must mean a long period of time. In this concern 6 months period can never be long term even if 1-2 years it is not long term either. In my opinion, we can consider the period from 5 to 10 years or more as long term. Moreover, Bitcoin holders are encouraged to invest for the long term as they will be there for a long time. They will have the opportunity to accumulate bitcoins for a long time by doing DCA. This will help the Bitcoin price increase as well as strengthen Bitcoin holdings. Not only this, a trader will get an opportunity to grow their investment in both bearish and bullish conditions during this period which is not possible for short term traders.

[Justbillywitt]

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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.

I can't agree with what you are saying cause I hate to see ranking as a measure to know who is more knowledgeable than others in this forum, you also have to understand that this thread is a little complex than other threads cause we are talking about investment and money management here and you know that everyone has to bear the risk himself for which ever decision that he makes, anyone that shows interest has the right to argue with whoever opinion that he finds contradictory to what he knows and thats the only way to really learn by disproving each others facts.

I can remember when I started off in the thread it took me a while to start understand what everyone was saying and even till this moment i still have my own opinion concerning some matters we argue or discuss here, and just for clarity someone could have Been on this forum for longer doesn't have anything do with his experience concerning investment, I had already started investing or rather bought Bitcoin once before this forum, everyone is something outside here and irrespective of rank we must understand than everyone's opinion is valid and should be correct if wrong or respected if correct.

Moreover what margin do we use to know who is correct or wrong everyone here speaks as he knows, not like there is a textbook to investing in bitcoin, we all learn and tell others what works for us, newbie or legendry alike, we are here to learn.

I understand what you are saying and I agree with you that not everybody who is in this from is here because they invested in bitcoin. Many come for different reasons and of which all of us know that the forum is very vast, and have almost every threads that talk about the issues of life. Some people who are legendary and other senior ranking members are more knowledgeable in the field and threads they often visit and discuss on. Some people who are good in politics and society will be knowledgeable in those areas. But there are exceptional people who has knowledge in almost every issues of life, sometimes I wonder how they do it, and one of those people I know is @JJG. I saw him in almost all the threads that discuss issues from Economics, politics and society, bitcoin and many more, and when you see him talk he makes valid and vital points which when applied you will see results. So people like that don't just get Legendary because of forum ranking, they got there because they have been contributing what they know is the best way to go about things. How did they know, the answer is this "They have been practicing it and teaching it for years and have seen it work all the time" So when they are teaching us what they know, we might be thinking we know it all and tend to argue because we are ignorant.

[Barikui1]

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.

Well I don't know the quite you're replying  too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because  there could be other dip in markets under trading  and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm  I trying  to prove

For me I see buying only when the market is DIP as trading.

This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we  emphasize  on the word ONLY.

Well, from the beginning of your first comments, I understood the whole thing that you were saying, and I understand your points clearly. If a trader is buying at the dip, he's hoping to sell at a high price because everyone into Bitcoin (trading or not) wants to make a profit. In Bitcoin trading, everyone who's doing it must always keep their eyes on the market to make sure what is happening so that they will be able to know if they will sell or not. Buying a dip is another method of investing in Bitcoin and both traders and investors can use that method to buy Bitcoin. Traders are not different from short-term investors because those people can not hold for a long term.
The difference with the DCA method of buying dips is because, with DCA, you can buy at every given opportunity (whether Bitcoin is high or not), ones you have the money. But as you are using the DCAing strategy to invest in Bitcoin, then you eventually meet Bitcoin at dip time you should be able to grab that opportunity and buy as much as you can.

A trader can start trading during the dip but won't have the patience to hold the Bitcoin he bought because he's not an investor of Bitcoin but a trader. I advise anyone that's ready to make an investment in Bitcoin to use the DCAing strategy, because regardless of the price of Bitcoin, one can still invest any amount they want and can achieve what they want if they always DCA as planned from their portfolio (just like I have said earlier). When you are buying Bitcoin at the dip, you won't be given the opportunity to buy it always because, as Bitcoin's price is fluctuating, sometimes it goes up, and sometimes it comes down, but using the DCAing strategy allows you to buy even when Bitcoin is up or down in price.

I don't actually think it's proper to be mentioning trading in this thread, because I believe that this thread is meant for Bitcoin investment only, so I suggest you take your trading discussion to the right place.

And as for Bitcoin investment and accumulating process, I believe that the DCA accumulating strategy is the best among them all, because you will buy in your own convenient, either weekly, monthly, and what makes it very special is that you can also buy the deepest part of the deep, which the person relying on lump sum method might miss out due to the fact that he thought the price of Bitcoin will go deeper, and as long as you are a long term holder, which have accumulated a very good stash of Bitcoin, you are definitely going to be successful in your investment.

[Mayor of ogba]

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.

Buying the dip is not trading; even though you are accumulating bitcoin for the long term, there is nothing wrong with buying bitcoin in a dip because it will help you accumulate bitcoin at a low price. But since you are a newbie, it is not advisable for you to adopt buying the dip so you will not try to time the market and get delayed in your bitcoin accumulation journey. You can stick with the DCA strategy so that you can accumulate bitcoin either weekly or monthly, even though bitcoin is increasing or decreasing. The DCA strategy will also help you control your emotions.