Buy Bitcoin, and HODL!

[MusaPk]

If they are looking for short term profit then they will be disappointed and you are I know that for us to see reasonable profit in bitcoin investment we must invest for the long term and not short term. That's why it's necessary for people coming into bitcoin investment to have the right orientation/mentality. They have to know on time if are coming into bitcoin investment as a trader or hodler.

When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.

Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed.

Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting.

[Bravut]

We cannot necessarily presume lump sum to even be an option, since sometimes people come to bitcoin an they don't already have cash available and/or they might not even have other investments from which they would be able to employ lump sums, so sometimes it does not even make sense to presume lump sum as an option when it is not automatically an option that normal people end up having and even if they were to have some lump sum potentiality, they would first have to designate such amount towards bitcoin investing, which might be an actual obstacle for some folks in which DCA makes more sense for them since they are not ready, willing or able to redesignate some lump sum amount that they might have towards bitcoin investing.

I really understand what you are saying but it is very important and for everyone to have a broader knowledge of various strategies as it being exhaustibly disscued here in terms of figuring out from what financial stratification you belong to, and for reference purposes. However, the lump sum buying are mostly practice by those in upper class and not for some middle or lower class where identifying your class gives you the preparedness in terms of making an informed decisions towards your investment plan, it pointless for anyone presuming lump sum to be an option when apparently you don't have what takes, everyone has to figure out the class where he or she belongs to in terms of choice of strategies, be it dca , lump sum and the rest of them, which will be a hedge over your planning working towards a successful Bitcoin investment.

Lump sum, DCA are strategies that can be used by any investor in terms of Bitcoin Investment. I won't associate social class to any form of investment, whereas we talk about it in terms of ability to be consistent in your accumulation phase.

For instance; An income earner of $3k monthly decides to begin his journey in Bitcoin and starts with $1500 which is 50% of his income, that lump summing probably later on he develops a plan in which he accounts $200 weekly. Any class can lump sum or DCA is just a matter of subjectivity. Just like sometime you can decide to add extra $$ to your weekly amount for accumulating Bitcoin just to increase your holdings.

In essence, everyone should have a plan, DCAing keeps us in a position of continual Investment same time you can lump sum too. Both works, it just a matter of discipline and consistency not exhausting yourself not social class or whatever.

[bitLeap]

Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.

You might be mischaracterizing a bit my  own BTC accumulation journey, since I did not particularly go out to buy and/or accumulate bitcoin in a bear market, and none of us is likely going to know whether we are in a bear market or not or which way the BTC price is going to go for the short to medium term.

So any kind of suggestion that it is best to determine and/or figure out if we are in a bear market prior to engaging in BTC accumulation and/or aggressive BTC accumulation seems to be quite misleading  - and it could cause newbies to wait rather than getting started ASAP..

If you don't have any BTC, then what are you going to do wait for lower prices from here?  Or if the BTC price does not go down from here, then you are going to wait for after it goes up and then when it comes back down, but to where is it going to come back down?

I cannot see how waiting could be a strategy for anyone who might have assessed that he does not have any coins or that he does not have enough coins.

Sure, some folks might come to a wrong assessment that they do not need any BTC, and sure they can do what they like, but they are likely going to end up buying later and at higher prices, so again, why wait?

There are some folks who are worried about price dips coming, and perhaps those kinds of folks will feel better if they hold some funds aside for buying on dips, but even that seems like a questionable strategy for anyone who either does not have any coins or does not have very many coins.

This reminds me of one of the brothers who always said "just wait until the price goes down" that statement never came true until now, do you know how many years he regretted it? well for 4 years he complained and regretted why he didn't make a purchase since Bitcoin was still at the bottom. The view about waiting is often misinterpreted, just because the price is now high and then in the end you still have to wait? to hell with waiting if you don't have a plan for when to get in. I mean I'm not encouraging my brother to be aggressive, but at least there is a plan in place to start putting in money.

As said in this post, investment with determination will produce results. No matter how long Bitcoin has never disappointed us once in every 4 years. It is proven that I released 70% of my ownership at ATH this year and for me it was the right decision. Investing in Bitcoin with consistent methods and principles can educate us in the future to understand every process, the rise and fall of prices, know when to enter to buy, etc.

[avp2306]

Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.

You might be mischaracterizing a bit my  own BTC accumulation journey, since I did not particularly go out to buy and/or accumulate bitcoin in a bear market, and none of us is likely going to know whether we are in a bear market or not or which way the BTC price is going to go for the short to medium term.

So any kind of suggestion that it is best to determine and/or figure out if we are in a bear market prior to engaging in BTC accumulation and/or aggressive BTC accumulation seems to be quite misleading  - and it could cause newbies to wait rather than getting started ASAP..

If you don't have any BTC, then what are you going to do wait for lower prices from here?  Or if the BTC price does not go down from here, then you are going to wait for after it goes up and then when it comes back down, but to where is it going to come back down?

I cannot see how waiting could be a strategy for anyone who might have assessed that he does not have any coins or that he does not have enough coins.

Sure, some folks might come to a wrong assessment that they do not need any BTC, and sure they can do what they like, but they are likely going to end up buying later and at higher prices, so again, why wait?

There are some folks who are worried about price dips coming, and perhaps those kinds of folks will feel better if they hold some funds aside for buying on dips, but even that seems like a questionable strategy for anyone who either does not have any coins or does not have very many coins.

This reminds me of one of the brothers who always said "just wait until the price goes down" that statement never came true until now, do you know how many years he regretted it? well for 4 years he complained and regretted why he didn't make a purchase since Bitcoin was still at the bottom. The view about waiting is often misinterpreted, just because the price is now high and then in the end you still have to wait? to hell with waiting if you don't have a plan for when to get in. I mean I'm not encouraging my brother to be aggressive, but at least there is a plan in place to start putting in money.

As said in this post, investment with determination will produce results. No matter how long Bitcoin has never disappointed us once in every 4 years. It is proven that I released 70% of my ownership at ATH this year and for me it was the right decision. Investing in Bitcoin with consistent methods and principles can educate us in the future to understand every process, the rise and fall of prices, know when to enter to buy, etc.

Common thing suggested that they should wait for dip to buy. But these people failed to realize that they missing some of their chance to accumulate when they are ready since if they entertain that idea to acquire only when there's a dump happening then for sure that huge instances that they will fail since they might get afraid of the dump and might doubt to take some action. That's why its better for investor not to think about the dip but rather focus to accumulate at what figure it is. We are talking about long term here and not short term goals that's why they should ignore those bad suggestion but rather they focus on other good things that can help them earn more money so that they can add up on their investment and maximize their potential volume then earn some good profits for it in future.

That's why its important to consider positive things that can help us generate good result. That's we should erase the other thoughts that can create disturbance and focus only on the goals we set since this could give us more fulfilling result especially if we already see some good profits as the result of the efforts and trust we made for bitcoin. Its good to see that you already secure your profit since that is really the main purpose of that. What's important is to plan the next action and start to accumulate back again.

[JayJuanGee]

I don't really like to play into arguments that rich people are more privledged, since anyone could come into a situation in which they have lump sums available and they are willing to dedicate some or all of that lump sum to bitcoin investing.  For example they could 1) win the lottery, 2) inherit money, 3) have had been investing for 10 years and building their investment portfolio little by little (so they are not exactly rich, but they have been engaging in good savings/investing practices), 4) received a bonus at work for some kind of job they carried out (expected or not expected these kinds of things sometimes can happen to even less wealthy people), 5) they recalculated their various funds (emergency, reserves and float) and unexpectedly, they come to the conclusion that they have an extra $2k that they are able to invest 6) they received a gift from friend/relative/acquaintance and/or 7) a variety of other possible reason they could come accross extra money, whether that is some extra from their DCA amount or maybe it is a more modest amount

Exactly anyone can actually use  lump-sum strategy depending on the individual condition though , and sir JJG have already given some wonderful example already , like winning a lottery, recieving a bonus at work for some kind of job they carried out etc. You can only say that the rich has more advantages when it comes to lump-sum purchasing, like most time due to having alot of cashflow, the money most  rich are using may be higher than an average Man.

Surely the rich have advantages over the poor both in terms of the assets that they are likely to have and also the disposable income that they are likely to have; however, the mere fact of being richer than someone else neither means that investments into assets are going to be managed well or that the right kinds of investments will be chosen (such as into bitcoin), and so surely if we take a rich man and a poor man and we give them similar kinds of strategies, the rich man is going to have advantages, including that the poor man may well be able to catch up.

On the other hand, not all rich folks have good habits, so it could well be the case that poor people are able to catch up and even pass up some richer folks.. but sure, the poor folks still have to figure out ways to have disposable income, so it could well be really difficult for a poor man who is ONLY able to figure out ways to invest $10 per week into bitcoin to catch up to someone who ONLY sporadically invests $100 or $1k into bitcoin - but still the guy investing $10 per week is still doing better than the similarly situated guy who is not investing at all... .. and so yeah, we might choose ways to compare our own bitcoin investment performance to others or to compare our performance to other variations of ourselves, and there are likely going to be ways that the organized, persistent and consistent BTC investor is going to catch up, surpass and out perform other possible alternative scenarios.

If they are looking for short term profit then they will be disappointed and you are I know that for us to see reasonable profit in bitcoin investment we must invest for the long term and not short term. That's why it's necessary for people coming into bitcoin investment to have the right orientation/mentality. They have to know on time if are coming into bitcoin investment as a trader or hodler.

When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.

Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed.

What you are saying is not exactly accurate, especially since people likely come to bitcoin with all kinds of perspectives and goals, and surely if someone has already been into bitcoin for a while, then that person may already be filtered out as more of a long term investor into bitcoin merely based on the fact that he continues to stay in bitcoin.

Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting.

I think that you are still getting at the option of whether a lump sum is even available... so if there is a question whether a lump sum is available, then DCA makes more sense, but if a lump sum is available, then for sure there are more options, but it still might make a certain amount of sense to spread out the lump sum rather than investing right away, and if we go back to the example of someone who has an extra $3k... then there are so many ways to consider the matter, and it would seem short-sighted to completely ignore the availability of the $3k and to just DCA and buy on dips with it, since that would be presuming that the BTC price is either going to remain flat or to dip, so the more practical way of preparing for all price directions would be to use some of that $3k to buy right away, yet it is still a question of how much to use to prepare for up rather than preparing for down or sideways.. and each person has to live with their own decision, since there is not really any one correct answer, even though some answers (or approaches) seem more logical and reasonable than others... but people can still vary in their reason and also we might not completely know all of the reasons (the 9 individual factors) of another person without really knowing the person.

[Ryu_Ar1]

I think it's not a problem, okay maybe it would be great if we could minimize the expenses that we will do because after all it becomes a plus because with that we can be more free to be in bitcoin with a little bigger but in the end we also have to realize that we don't need to force it directly because investing in bitcoin is not a compulsion and the initial benchmark is still how ready you are to lose and we also have to see how much budget we really have to fulfill consistently so that what we do in investing in bitcoin does not eat up the budget of the others.

With this in mind if indeed we have around $200 of income and we have to spend $190 for our needs then there is no problem if indeed it is only $10 because this is our ability. although indeed in terms of profit also in the end it will not be much different but if indeed we can afford it only that much then still do it because forcing it to be more can ultimately burden yourself in the future.

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

[KeenanEl19]

What you are saying is not exactly accurate, especially since people likely come to bitcoin with all kinds of perspectives and goals, and surely if someone has already been into bitcoin for a while, then that person may already be filtered out as more of a long term investor into bitcoin merely based on the fact that he continues to stay in bitcoin.

That's right, I agree with what you said, of course everyone who comes to Bitcoin has a different perspective but the goal is most likely the same, namely to make an investment and be able to make a profit in the future, but of course not everyone will turn their hand.

but for those who have been involved in Bitcoin for a long time, of course they know what they have to do, sticking with their perception is one of the things that must be done. because there are people who come to bitcoin but they can't last long and the result is only disappointment.

[Ruttoshi]

On the other hand, not all rich folks have good habits, so it could well be the case that poor people are able to catch up and even pass up some richer folks.. but sure, the poor folks still have to figure out ways to have disposable income, so it could well be really difficult for a poor man who is ONLY able to figure out ways to invest $10 per week into bitcoin to catch up to someone who ONLY sporadically invests $100 or $1k into bitcoin - but still the guy investing $10 per week is still doing better than the similarly situated guy who is not investing at all... .. and so yeah, we might choose ways to compare our own bitcoin investment performance to others or to compare our performance to other variations of ourselves, and there are likely going to be ways that the organized, persistent and consistent BTC investor is going to catch up, surpass and out perform other possible alternative scenarios.

Of course, it is impossible for a poor folk who is accumulating bitcoin with the same way a rick folk is accumulating because the amount that they will use to DCA weekly will have a big difference, and that is why the rich serious bitcoin investor will always do better than the poor investor. However, there is a way a poor bitcoin investor will be able to surpass a rich bitcoin investor smwho is not serious with accumulating bitcoin and he is buying whenever he likes be cause he feels that he has enough cash or cash related property or another assest which makes him feel that it is not necessary for him to invest in bitcoin regularly, consistently and persistently.

With time I believe that the poor investor might get closer to the rich folk in terms of how much is their total value or he will be on the same level of value with the rich folk. This is because bitcoin price increases overtime and it will generate more profit based on the size of your portfolio better than what the rich guy is depending on which is making him to accumulate bitcoin in a whimpy way. Bitcoin have given the poor an opportunity to become rich in future if only they can invest and build their portfolio to a certain level based on their discretionary income overtime.

[Felicity_Tide]

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with  what your strength can carry and ensure you maintain a consistent level.

[rachael9385]

On the other hand, not all rich folks have good habits, so it could well be the case that poor people are able to catch up and even pass up some richer folks.. but sure, the poor folks still have to figure out ways to have disposable income, so it could well be really difficult for a poor man who is ONLY able to figure out ways to invest $10 per week into bitcoin to catch up to someone who ONLY sporadically invests $100 or $1k into bitcoin - but still the guy investing $10 per week is still doing better than the similarly situated guy who is not investing at all... .. and so yeah, we might choose ways to compare our own bitcoin investment performance to others or to compare our performance to other variations of ourselves, and there are likely going to be ways that the organized, persistent and consistent BTC investor is going to catch up, surpass and out perform other possible alternative scenarios.

Of course, it is impossible for a poor folk who is accumulating bitcoin with the same way a rick folk is accumulating because the amount that they will use to DCA weekly will have a big difference, and that is why the rich serious bitcoin investor will always do better than the poor investor. However, there is a way a poor bitcoin investor will be able to surpass a rich bitcoin investor smwho is not serious with accumulating bitcoin and he is buying whenever he likes be cause he feels that he has enough cash or cash related property or another assest which makes him feel that it is not necessary for him to invest in bitcoin regularly, consistently and persistently.

With time I believe that the poor investor might get closer to the rich folk in terms of how much is their total value or he will be on the same level of value with the rich folk. This is because bitcoin price increases overtime and it will generate more profit based on the size of your portfolio better than what the rich guy is depending on which is making him to accumulate bitcoin in a whimpy way. Bitcoin have given the poor an opportunity to become rich in future if only they can invest and build their portfolio to a certain level based on their discretionary income overtime.

Poor investors can't compete with the rich when it comes to investments. The reasons why those that have a lot of money are called rich is because of how they spend and how much in their bank account and both the assets they have. Rich folks spend more on investment, and they don't care whether their investment is risky or not, they only do it because it's risky, and they also have a passion for making more money. The kind of amount they put into investment is way too much. A rich folk could one day buy $100k BTC even if he doesn't know what Bitcoin is about. And one thing I like about rich folks is that they don't care to know what they are dealing with before they put money in believing that along the line they will know the whole things about the investment, and it will also motivate them to invest more.

The poor would like to make sure they know what they are doing before they put money on it because they believe that they know how hard they manage to get the money, so they won't want to risk it just like that without gathering knowledge or doing their own research.

Now let's keep the poor behind. The kind of advantage most rich people have is that even if the average person started investing in Bitcoin for 4 years with $100 per month (that's $4800 total), if the rich starts his/her investment in a week, he/she will invest more than what the average salary earner in just a day.

But IMO, I can say that rich investors are always busy with something else, so once they have a lot of bitcoin in their wallet, they might forget about accounting to get more Bitcoin. And if an average salary earner is investing in DCA, he/she will not be content with the kind of BTC he/she has because the figures might be too small for him/her. And if the rich investor is no longer accumulating but only holding for long because he has a lot (like 10 BTC), then the average investor might try and accumulate up to 1 BTC before he/she might relax a bit.

[Moreno233]

If they are looking for short term profit then they will be disappointed and you are I know that for us to see reasonable profit in bitcoin investment we must invest for the long term and not short term. That's why it's necessary for people coming into bitcoin investment to have the right orientation/mentality. They have to know on time if are coming into bitcoin investment as a trader or hodler.

When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.

Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed.

Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting.

I think there are only two method that I know of which is lump sum buy and the DCA method. You mentioned buying the dip but this is also a lump sum buy that is done when price retraces after an upward movement. It is different from buying using the DCA method because it involves an instant order whereas the DCA is a continuous buying process that is done weekly or monthly as the case may be. Maybe there is further distinction between between buying the dips and other forms of buying that is done at once for which I consider less important so as to avoid memorizing too many things. Maybe for academic purposes, such distinction might even become necessary and there is nothing wrong about it.

A combination of both methods is possible but it requires someone with experience and discipline to do effectively. I will not recommend that for a newbie to avoid being emotional about the whole process, rather I will suggest focusing mainly on the DCA method that is easier to follow and produces outstanding results when followed dutifully. However, no matter what method is adopted, some level of effort is needed to be able to follow such method with a sense of responsibility.

[ginsan]

What you are saying is not exactly accurate, especially since people likely come to bitcoin with all kinds of perspectives and goals, and surely if someone has already been into bitcoin for a while, then that person may already be filtered out as more of a long term investor into bitcoin merely based on the fact that he continues to stay in bitcoin.

That's right, I agree with what you said, of course everyone who comes to Bitcoin has a different perspective but the goal is most likely the same, namely to make an investment and be able to make a profit in the future, but of course not everyone will turn their hand.

but for those who have been involved in Bitcoin for a long time, of course they know what they have to do, sticking with their perception is one of the things that must be done. because there are people who come to bitcoin but they can't last long and the result is only disappointment.

Everyone who comes to bitcoin of course they want to learn about bitcoin but in this case they only learn half way and leave it at that. I mean they didn't go ahead with their intention to invest or anything. Yes, some of them might come back again because they are curious about Bitcoin and learn how to invest again. Likewise, for old investors or those who are already involved in bitcoin but they don't have bitcoin in their portfolio, this is due to several mistakes they made, such as cashing out so quickly that they didn't buy any more.

Many of these goals are quite true, sometimes there are people who jump into bitcoin just to gamble where they have fun in themselves by buying bitcoin to gamble and that incident definitely there is. Apart from that, basically we only take the positive side where we will learn from their best experiences in the way they invest. Successful people are those who rise to correct their mistakes and that is what I often encounter. On the other hand, bitcoin has changed the world to become easier in all aspects so old or new investors will return for one goal, namely to become true holders.

There are many reasons for failure but it is just a memory for them. Now that times are getting more advanced, we have to think about changing our fate, namely investing in Bitcoin and one day we will see the results of the investment we made.

I also found an interesting article for us to read and we can take the positive side of it to strengthen our enthusiasm to continue holding Bitcoin https://cointelegraph.com/news/early-bitcoin-dev-misses-out-on-1-3b-after-selling-too-soon

[ShowOff]

Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed.

Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting.

I think there are only two method that I know of which is lump sum buy and the DCA method. You mentioned buying the dip but this is also a lump sum buy that is done when price retraces after an upward movement. It is different from buying using the DCA method because it involves an instant order whereas the DCA is a continuous buying process that is done weekly or monthly as the case may be. Maybe there is further distinction between between buying the dips and other forms of buying that is done at once for which I consider less important so as to avoid memorizing too many things. Maybe for academic purposes, such distinction might even become necessary and there is nothing wrong about it.

A combination of both methods is possible but it requires someone with experience and discipline to do effectively. I will not recommend that for a newbie to avoid being emotional about the whole process, rather I will suggest focusing mainly on the DCA method that is easier to follow and produces outstanding results when followed dutifully. However, no matter what method is adopted, some level of effort is needed to be able to follow such method with a sense of responsibility.

There are many methods or strategies to build your investment portfolio well, one of which is being discussed is buy dip and hold. It is recommended that DCA be carried out on an ongoing basis so that your average costs are lower compared to buying a lump sum. Both methods are not wrong, you can combine them with whatever approach you think suits your financial situation.

You don't need to be a professional to invest. What you need is capital and courage. You have to understand what the risk is and how to minimize it, even if you are not very good at making analysis, you can still generate returns just by buying and holding. Buy with the DCA method and hold can help you get a low average price, regardless of your entry price.

[JayJuanGee]

[edited out]

I think there are only two method that I know of which is lump sum buy and the DCA method. You mentioned buying the dip but this is also a lump sum buy that is done when price retraces after an upward movement. It is different from buying using the DCA method because it involves an instant order whereas the DCA is a continuous buying process that is done weekly or monthly as the case may be. Maybe there is further distinction between between buying the dips and other forms of buying that is done at once for which I consider less important so as to avoid memorizing too many things. Maybe for academic purposes, such distinction might even become necessary and there is nothing wrong about it.

A combination of both methods is possible but it requires someone with experience and discipline to do effectively. I will not recommend that for a newbie to avoid being emotional about the whole process, rather I will suggest focusing mainly on the DCA method that is easier to follow and produces outstanding results when followed dutifully. However, no matter what method is adopted, some level of effort is needed to be able to follow such method with a sense of responsibility.

Just because you do not recognize and/or appreciate the practicality of buying the dip does not mean that it does not have its place and/or benefits.

For example a brand new person could come into bitcoin right now, and he already knows his budget.  He has $9,400 that he can buy bitcoin, right now and he also has about $2,600 that is going to be available over the next six months.  So that is $12k over 6 months.

He could buy $9,400 right now at $68,300-ish, and then just DCA with the other $100 per week over the next 26 weeks, or he could set aside some of his $9,400 to be included in his DCA amounts or to set some of it aside for buying on dips. 

Let's say that he decides to lump sum buy right now $4,700 and then maybe he sets up 17 buy orders every $1k dip from $67k down to $50k, so each of them would be right around $276.50, and so they would be buying on the dip if they were to execute, and if they do not execute and the BTC price moves up rather than down, then maybe after a certain time, he might choose to remove those buy orders or maybe he moves them up. to higher prices (but they would still be buying on dips.. and whether that is practical or useful might not be agreed about whether that is a good idea rather than just lump sum buying and/or adding to DCA... and the mere fact that someone wants to employ that third technique makes it a valid technique even if it may or may not be one that is as effective as other techniques.. in part depending on what the BTC price ends up doing, which is not very knowable in advance.

On the other hand, not all rich folks have good habits, so it could well be the case that poor people are able to catch up and even pass up some richer folks.. but sure, the poor folks still have to figure out ways to have disposable income, so it could well be really difficult for a poor man who is ONLY able to figure out ways to invest $10 per week into bitcoin to catch up to someone who ONLY sporadically invests $100 or $1k into bitcoin - but still the guy investing $10 per week is still doing better than the similarly situated guy who is not investing at all... .. and so yeah, we might choose ways to compare our own bitcoin investment performance to others or to compare our performance to other variations of ourselves, and there are likely going to be ways that the organized, persistent and consistent BTC investor is going to catch up, surpass and out perform other possible alternative scenarios.

Of course, it is impossible for a poor folk who is accumulating bitcoin with the same way a rick folk is accumulating because the amount that they will use to DCA weekly will have a big difference, and that is why the rich serious bitcoin investor will always do better than the poor investor. However, there is a way a poor bitcoin investor will be able to surpass a rich bitcoin investor smwho is not serious with accumulating bitcoin and he is buying whenever he likes be cause he feels that he has enough cash or cash related property or another assest which makes him feel that it is not necessary for him to invest in bitcoin regularly, consistently and persistently.

With time I believe that the poor investor might get closer to the rich folk in terms of how much is their total value or he will be on the same level of value with the rich folk. This is because bitcoin price increases overtime and it will generate more profit based on the size of your portfolio better than what the rich guy is depending on which is making him to accumulate bitcoin in a whimpy way. Bitcoin have given the poor an opportunity to become rich in future if only they can invest and build their portfolio to a certain level based on their discretionary income overtime.

Poor investors can't compete with the rich when it comes to investments. The reasons why those that have a lot of money are called rich is because of how they spend and how much in their bank account and both the assets they have. Rich folks spend more on investment, and they don't care whether their investment is risky or not, they only do it because it's risky, and they also have a passion for making more money. The kind of amount they put into investment is way too much. A rich folk could one day buy $100k BTC even if he doesn't know what Bitcoin is about. And one thing I like about rich folks is that they don't care to know what they are dealing with before they put money in believing that along the line they will know the whole things about the investment, and it will also motivate them to invest more.

The poor would like to make sure they know what they are doing before they put money on it because they believe that they know how hard they manage to get the money, so they won't want to risk it just like that without gathering knowledge or doing their own research.

Now let's keep the poor behind. The kind of advantage most rich people have is that even if the average person started investing in Bitcoin for 4 years with $100 per month (that's $4800 total), if the rich starts his/her investment in a week, he/she will invest more than what the average salary earner in just a day.

But IMO, I can say that rich investors are always busy with something else, so once they have a lot of bitcoin in their wallet, they might forget about accounting to get more Bitcoin. And if an average salary earner is investing in DCA, he/she will not be content with the kind of BTC he/she has because the figures might be too small for him/her. And if the rich investor is no longer accumulating but only holding for long because he has a lot (like 10 BTC), then the average investor might try and accumulate up to 1 BTC before he/she might relax a bit.

You make a lot of presumptions about poor versus rich, and of course, even within the categories there is going to be a lot of variance in terms of disposable income, other investments and even investment behavior - including considering whether we should assume levels of interest in regards to bitcoin to be the same or not.

Usually, when running any experiment between kinds of people, it is better to figure out which of the variables might be similar and which ones might be different, and if there are too many variables, then it makes it a lot harder to make generally sweeping comparisons and/or presumptions regarding how one might compare to another.

It might even be helpful in terms of what you are considering to be rich versus poor and perhaps starting out with something like disposable income and also a description of already existing investments.  Those would be the main categories, then from there we might describe someone who chooses to be whimpy or aggressive in his bitcoin investment journey, and are we starting from now, or are we giving an example over a 4-5 year period of time (in which we have some BTC price data) that already exists.

[Promocodeudo]

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

As a newbie being hasty in making investment decision is not advisable but waiting to have advanced knowledge of a particular asset before you can invest in it, is not a good idea, Bitcoin does not require much knowledge from a newbie, what a new invest need is to have a basic knowledge on how to buy and hold if possible, a newbie should should also know the strategy that suits his capital in other not to invest with a mindset of premature sells, it has been said over and over again that the bear market is the expected perioid for investors to buy as much as they can but it does mean that we can't buy anytime we feel like buying, lets not forsget that Bitcoin price does not has stable movement so we shouldn't wait until the price drop from us to invest because in the course of waiting we may spend the money meant for the investment.
Most times constant check on the market can deprive us the opportunity to invest because it is almost impossible to predict the price movement of Bitcoin, this mere predictions fails, if not for anything, this year halving taught many of us  a great lesson about Bitcoin, many felt that halving will have immediate effect on bitcoin price but the reverse was the case, IMO I think bitcoin as an investment has presented itself for everyone to invest whenever we are ready mentally and financially.

[AirtelBuzz]

That's right, I agree with what you said, of course everyone who comes to Bitcoin has a different perspective but the goal is most likely the same, namely to make an investment and be able to make a profit in the future, but of course not everyone will turn their hand.

Everyone who comes to invest in Bitcoin has a different vision and different goals. Not everyone has the same goals and vision when it comes to investing in Bitcoin because everyone has a different approach to investing. Some buy small amounts of Bitcoin while others buy large amounts. Some goals are long term and some are short term goals. What we can say when it comes to Bitcoin investing is that long-term Bitcoin investors will be able to make more profits than short-term investors.

but for those who have been involved in Bitcoin for a long time, of course they know what they have to do, sticking with their perception is one of the things that must be done. because there are people who come to bitcoin but they can't last long and the result is only disappointment.

Yes of course those who have been involved in Bitcoin for a long time know when what will happen in the market and when buying Bitcoin will enable them to invest properly even profit from that Bitcoin investment. These individuals are able to analyze the Bitcoin market well, which gives them an added advantage.
People who come to invest in Bitcoin and don't last long I think they don't come to invest with a proper investment plan or properly judgement. They only come to invest on impulse and when they run out of money they sell their investment which later makes them more depressed.

[Mayor of ogba]

I think it's not a problem, okay maybe it would be great if we could minimize the expenses that we will do because after all it becomes a plus because with that we can be more free to be in bitcoin with a little bigger but in the end we also have to realize that we don't need to force it directly because investing in bitcoin is not a compulsion and the initial benchmark is still how ready you are to lose and we also have to see how much budget we really have to fulfill consistently so that what we do in investing in bitcoin does not eat up the budget of the others.

With this in mind if indeed we have around $200 of income and we have to spend $190 for our needs then there is no problem if indeed it is only $10 because this is our ability. although indeed in terms of profit also in the end it will not be much different but if indeed we can afford it only that much then still do it because forcing it to be more can ultimately burden yourself in the future.

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

If someone is earning $200 a month and decides to invest $20 in bitcoin each month, it is not a bad idea that would mess up his bitcoin investment. In a country where someone is receiving $200 a month, that's a lot of money if converted to their local currency, and it's okay to take care of your living expenses for each month. You can even have a reserve after investing in bitcoin if you are careful when spending it. For someone who is into bitcoin investment, your lifestyle will be very different from others so that you will not be spending money unnecessarily because you know you are working on a great project, and you will not want to mess it up by going to places that will make you spend unnecessarily. What should be your biggest concern is how you can afford a good meal every day and how to pay your bills when they arise. We should also stop buying expensive things and solve our problems in order of their relative importance so that it will help us manage our money. If you are not financially okay and you start accumulating bitcoin, you will know the kind of sacrifice you make so that you can freely accumulate bitcoin without messing it up. There are things you will have to forget in your life that are not important at the time you are investing in bitcoin that would make you mess up your bitcoin investment, such as partying, buying expensive clothes, and a costly phone that you will use like your 3-4 monthly salary to buy.

[Btcdeybodi]

I don't really like to play into arguments that rich people are more privledged, since anyone could come into a situation in which they have lump sums available and they are willing to dedicate some or all of that lump sum to bitcoin investing.  For example they could 1) win the lottery, 2) inherit money, 3) have had been investing for 10 years and building their investment portfolio little by little (so they are not exactly rich, but they have been engaging in good savings/investing practices), 4) received a bonus at work for some kind of job they carried out (expected or not expected these kinds of things sometimes can happen to even less wealthy people), 5) they recalculated their various funds (emergency, reserves and float) and unexpectedly, they come to the conclusion that they have an extra $2k that they are able to invest 6) they received a gift from friend/relative/acquaintance and/or 7) a variety of other possible reason they could come accross extra money, whether that is some extra from their DCA amount or maybe it is a more modest amount

Exactly anyone can actually use  lump-sum strategy depending on the individual condition though , and sir JJG have already given some wonderful example already , like winning a lottery, recieving a bonus at work for some kind of job they carried out etc. You can only say that the rich has more advantages when it comes to lump-sum purchasing, like most time due to having alot of cashflow, the money most  rich are using may be higher than an average Man.

Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.
Lump-sum payment is complete opposite of DCA, you aware that DCA is the purchasing set amounts of Bitcoin at regular intervals, whether the price is high or low. While lump-summing is the act of going all in at once, just like the example I gave about the $3000 and all that. Most people that are financially stable may use lump-summing to start their investment to have some good head start in their accumulation without it affecting their regular life style or tampering with their investment. But if an individual who's not financially stable start his accumulation using lump-summing without any proper planning he or she may endup using the funds that are being meant for their emergency (which known emergency funds) in order to execute a nice lump-sum purchase. So such individual won't be able to sustain his self without any emergency funds which may lead to he or she tampering with their investment , and won't be able to execute his long-term plans, selling their investment in an premature state. It is always advisable to invest according to your financial capability, by starting investment with some nice DCA strategies, so that you can set a proper plan for their investment.

For someone using the DCA, lump summing is always good when a dip happens because it doesn't make any sense buying all in when the price is still high and for investors that have good cash flows they can solely depend on lump sum whenever there is a dip lower than their initial buying price but for investors with low income they are mostly the ones that used the DCA but that doesn't mean that if a DIP comes up when they still have some reserved funds that they shouldn't lump sum, they can still lump sum and continue DCAING later on. Bitcoin investment requires regular cash flows at regular basis because that is the only way a huge portfolio can be gotten whether if it's someone accumulating using DCA or lump sum.

[Popkon6]

 For someone using the DCA, lump summing is always good when a dip happens because it doesn't make any sense buying all in when the price is still high and for investors that have good cash flows they can solely depend on lump sum whenever there is a dip lower than their initial buying price but for investors with low income they are mostly the ones that used the DCA but that doesn't mean that if a DIP comes up when they still have some reserved funds that they shouldn't lump sum, they can still lump sum and continue DCAING later on.

If you can never buy and deposit bitcoins with the DCA method without depositing money, you will definitely need cash to buy bitcoins following the DCA method. If you invest in DCA method repeatedly then your portfolio will surely grow and if you continue it as per plan for long time you will surely get maximum benefits. Because in the next future you will own bitcoins for sure.

Bitcoin investment requires regular cash flows at regular basis because that is the only way a huge portfolio can be gotten whether if it's someone accumulating using DCA or lump sum.

Many people are afraid to buy and deposit Bitcoin with cash and they deposit it in the bank is a complete misconception. At present if buy bitcoins follow DCA method and accumulate for long time it will definitely be big portfolio. Because if you look at the price of Bitcoin a few days ago and the price of Bitcoin at the present time, the price of Bitcoin took a huge dump after the halving and is now almost on the road to recovery. I think Bitcoin hoarding will be the highest good and noble investment.

[Smilevictorobinna]

See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.

We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.
You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.

So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.

Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with  what your strength can carry and ensure you maintain a consistent level.

there are no minimum capital that we need to use in starting Bitcoin investment,every amount can be used as a capital for our startup.
of course we need an extra money and not using a required money or our life saving.
remember,
cryptocurrency is not an assets that can be meassured by a common sense,
what i mean is you can double your money tomorrow and you also can lose it all tomorrow.
that is why many people always say it to newbie or beginner :
'Always invest what you can afford to lose'.

in cryptocurrency,we're only lossing it as long as we sell it cheaper than what will bought it.
whenever your portfolio goes low, you need to wait until it recovers its price back.
that is why you need to invest your extra money or your discretion income instead of your life savings  or money you want to make use of.