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Author Topic: Buy the DIP, and HODL!  (Read 118655 times)
Roseline492
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June 12, 2024, 09:31:53 AM
Merited by JayJuanGee (1)
 #9101

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.
Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.
Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,

On the contrary @Lidger is very correct because is very important for people coming into Bitcoin to have the mindset of holding because there main goal of coming into Bitcoin investment is to have a good return so the only way that would be achieved is only but holding, however the word Holding is very essential in anything that has to do with investment, just like a proverb that says that a patient dog eat the farthest bone, which in other words means that patience is the key because that is what guarantees your success on your Bitcoin investment,  so don't just hold because you saw people doing it, hold because you love it and believe that in the future your investment will speak volume.











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Samlucky O
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June 12, 2024, 10:15:16 AM
 #9102

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,
The actual mindset of any investor is either to invest for a short or a long term profit. I don't see any problem if everyone who start investment is thinking of long term HODLing. Though longer term investment may not guarantee a greater return but the is a higher possibility due to volatility of bitcoin, that is why people emphasis more on a long term duration.

because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible,
Those newbies are those who doesn't know about bitcoin properly. They dive into investment with the motive of making money overnight with bitcoin and later got disappointed due to the mute or slow growth of bitcoin and switch to shitcoin


even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.
Investing or HODling for long term is never a trading or gambling strategy, it's only a person that is not granded or well knowledgeable about bitcoin and investment that will call an investor a trader.

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arwin100
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June 12, 2024, 10:27:26 AM
 #9103

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin,
The actual mindset of any investor is either to invest for a short or a long term profit. I don't see any problem if everyone who start investment is thinking of long term HODLing. Though longer term investment may not guarantee a greater return but the is a higher possibility due to volatility of bitcoin, that is why people emphasis more on a long term duration.

But its undeniable that there's a lot of newbies fall on the idea that short term is better since they want a fast cash from their investment on bitcoin. They usually failed to realize that its risky to participate on any short term activities with bitcoin knowing that the market is volatile and they might not predict what will happen next then it might cost some amount for them and that is bad experience to learn from. So they must correct their approach towards dealing on their investment on bitcoin and learn about for long term since this is really the most ideal option people will take since we know how bitcoin work so far and it never fail its investor.

If they want to learn strategy to use then they can do a research about DCA since for sure there would be a lot of results will show since this is effective and most used method by most of long term investors.

Those newbies are those who doesn't know about bitcoin properly. They dive into investment with the motive of making money overnight with bitcoin and later got disappointed due to the mute or slow growth of bitcoin and switch to shitcoin

Even though those cases happen for sure that people who look after on shitcoin after they encounter they lose from their short term investment won bitcoin would realize that they are participating again on more riskier options then for sure sooner or later they would realize that bitcoin is really the best asset to have especially if they decide to have it for long term purposes.

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June 12, 2024, 11:07:22 AM
 #9104

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.
Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

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June 12, 2024, 12:13:06 PM
 #9105

I see the idea of building up funds first before accumulating bitcoin as a plan that will delay our bitcoin accumulation journey. Instead of trying to build up funds before accumulating bitcoin, you can use the DCA strategy to accumulate bitcoin either weekly or monthly, whenever your money is readily available. There's no pressure to invest in bitcoin; no one is forcing you to do so. The only thing that can make you sell your bitcoin when it's not time for you to sell it is when you use your whole money to invest in bitcoin. You will depend on your bitcoin investment to survive because you used all your money to invest in bitcoin.
Indeed, this idea can delay us in accumulating Bitcoin and it will also make us delay the profits that we have obtained. Yes, using the DCA method in collecting Bitcoin will make it easier for us to collect Bitcoin. We can use any amount of funds and set our own schedule for collecting of course. we have to do it consistently, in making investments of course we have to be able to make our own decisions and don't let other people influence the decisions we make in investing, if we use all the funds we have to make investments of course this will make it difficult for us to maintain our investments and it would be better if we could have remaining savings for the needs we need to be able to carry out investments well.
Everyone who starts investing for the first time has the idea that they will employ a long-term plan, but for many, the long-term investment plan may not materialize. Some may fail to invest consistently while there are some investors who end up not holding their investments due to various financial crises. Apart from these, those who end up holding their investments for a long time but definitely get a lot better from the investment. DCA investment method is definitely an effective and simple investment method when it comes to long term investment. In addition to the DCA investment strategy, if the investor can build an emergency fund, the continuity of the investment is ensured. If an investor can invest these two combinations then he can later consider himself a successful investor.

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.
That is why everyone is advised to always carry out their research to find out things that would help them in life, and if not for this thread, you wouldn't have known that bitcoin is good for long-term holding. It is always important for any new investor in bitcoin to know that bitcoin is not a short-term investment so that the investor will know the money he or she will use to start his or her bitcoin investment. Only those investors who are into bitcoin investments for short-term profit will sell their bitcoin investments when they see a small profit. No investor who is into bitcoin investment for the long term will want to sell his bitcoin investment for short-term profit because he or she knows it is only through holding that you can achieve huge profits from bitcoin investment. The only thing that can make an investor who is into bitcoin investment for the long term sell his bitcoin investment is when he uses his whole money to invest in bitcoin.

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Wind_FURY (OP)
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June 12, 2024, 02:31:22 PM
 #9106

Congratulations to the DIP buyers who bought more units in Bitcoin yesterday, and to the investors who like to do DCA. Yesterday was a good day for buying if it was in your purchase schedule. Cool

Currently it's FOMO! Bitcoin will probably surge to a new ATH within the next two weeks, especially if CPI print is lower and Powell is dovish.

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Popkon6
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June 12, 2024, 03:30:54 PM
 #9107

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.
Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

Usually the DCA method will be based on your income, because if you invest regularly. Then you can invest weekly or monthly. Estimated average monthly expenses in your household are $100, and $170 if you are salaried. Then you can invest part of your expenses here and meet the basic needs, with the rest of the money you can invest.  
In this case, it is most important that you use an emergency fund, because people can get sick at any time. That is why you must use emergency fund so that your investment does not get lost.


Congratulations to the DIP buyers who bought more units in Bitcoin yesterday, and to the investors who like to do DCA. Yesterday was a good day for buying if it was in your purchase schedule. Cool


Those who did the dip yesterday will certainly have the most success, but the most important thing is whether the DCA list was yesterday. The person who put it on the list has certainly succeeded, but the Bitcoin market is more than likely going to start a bull run in a few days. This year is almost over as the peak bull run in 2025 is waiting for the market to begin.

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June 12, 2024, 03:48:29 PM
 #9108

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.
Whether you believe it or not, emergency funds guarantee consistent investment. Since you are earning a certain amount of money every month, the expenses will not be the same every month. We have some religious ceremonies and sometimes we have to spend money on some important occasions but they are beyond our account and when we have to spend those money but later we don't have any money left to invest. If you don't have an emergency fund, how will you maintain your investment during that time? Investing may be easy but maintaining that investment consistently and sustaining the investment for a long period of time is very challenging and not everyone can take up this challenge.

Usually the DCA method will be based on your income, because if you invest regularly. Then you can invest weekly or monthly. Estimated average monthly expenses in your household are $100, and $170 if you are salaried. Then you can invest part of your expenses here and meet the basic needs, with the rest of the money you can invest.  
In this case, it is most important that you use an emergency fund, because people can get sick at any time. That is why you must use emergency fund so that your investment does not get lost.



Emergency funds cannot be used in all situations, as the name applies it is used during severe and emergency situations, our emergency funds is not taking the duty of reserve funds. Emergency funds only help the investor avoid real life uncertainties like; Job loss, Death of family member,etc and enable continual accumulation.
Emergency, Discretionary funds are needed by investor as he invests in Bitcoin, DCAing or lump sum is choice of which the investor chooses from the one he can keep up with and be consistent.
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June 12, 2024, 03:49:49 PM
Merited by JayJuanGee (1)
 #9109

Congratulations to the DIP buyers who bought more units in Bitcoin yesterday, and to the investors who like to do DCA. Yesterday was a good day for buying if it was in your purchase schedule. Cool
Those who did the dip yesterday will certainly have the most success, but the most important thing is whether the DCA list was yesterday. The person who put it on the list has certainly succeeded, but the Bitcoin market is more than likely going to start a bull run in a few days. This year is almost over as the peak bull run in 2025 is waiting for the market to begin.
In the sense of their success, they made dip purchases several times and never delayed them, but unfortunately I can't do that, all I can do is apply DCA once a month regardless of the price, I will keep buying, this is my own way of commitment to accumulate bitcoin, not that I don't want to buy Dip yesterday but in terms of finance I'm not ready because fiat is not available, of course at the beginning of the month I will buy again no matter what the price is.

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June 12, 2024, 04:55:51 PM
 #9110

I don't know if I am right but I feel that only the DCA method can be used to invest in bitcoin and build your bitcoin investment gradually, and at the same time build your emergency funds from the left over of your discretionary income for those new beginners who are not earning much and don't have bulk cash available to use in startingtheir bitcoin investment. This is why I love the DCA strategy but if it can be mixed with buying at the dip when you are prepared, you will get a better result.
The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips.  If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.
But to be able to mix buying the dip with DCA we need more money, we must always have a fiat reserve available to buy bitcoin because no one knows when bitcoin will fall.

That comment hardly makes any sense.

You have whatever budget that you have, and you have to figure out how you are going to invest based on the budget that you have and also based on your other individual 9 factors, which happens to include how many BTC that you might have had already accumulated, and for sure the more BTC that you have accumulated, then the more luxury you will have to wait for buying dips rather than just buying BTC regularly and as soon as your money comes in.

And preparing additional capital can be a challenge for many people.I agree that this strategy will yield better results but it will be more complicated because it requires more capital and there will be risk if bitcoin does not fall further as you say.

Either you have additional capital or you don't.

If you earn some kind of income and the income keeps building up becuae you are waiting to buy the dip, then that is a choice that you have.


If you happen to have some assets (such as stocks or property or bonds or something like that), and you might want to choose to consider selling some of that and buying bitcoin, but you don't necessarily need to sell such other assets, but the selling of some other assets could be a form of capital that you are optionally able to generate.

Another thing could be that you receive a bonus or you inherit money or you win the lottery or you rob a bank (I am not advocating criminal activities), so there could be various ways that you might come upon a lump sum of capital that you could decide to buy bitcoin right away with all or part of it or you might choose to allocate some of that capital towards buying the dip and/or allocating it towards DCA purchases... You have discretion in those cash management regards, and surely there can be advantages to having capital or coming across capital, but there is no need to presume that anyone has any extra capital that goes beyond his/her regular monthly income (and even monthly income can have a considerable amount of variance and even expenses can have a considerable amount of variance... and the existence of such variance contributes towards variance in discretionary income that anyone might have).

So, I think we should be consistent and loyal to the DCA strategy to make our bitcoin accumulation easier and not make us more stressed because of bitcoin volatility.

DCA works so well because it can be tailored to the level of aggressiveness that any of us would like to employ, and surely once we start to accumulate a decent size of BTC stash, we might want to consider if we might want to modify the way that we do DCA including incorporating buying the dip and/or how we might consider the employment of lump sum purchases of BTC in those times that we might come accross extra cash that we have to decide how we are going to spend, invest and/or save it.

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June 12, 2024, 05:06:20 PM
 #9111

I may not totally agree with the part of everyone who start investment having the mindset of long term holding , but for the sake of this thread many has know that long term holding and using the DCA is the actual formula to achieve the real value of their investment in Bitcoin, because some newbie or new investor has the feeling that as the invested on BTC they will get the profit as fast as possible, even some still see investment for Long term holding as trading where they will quickly take their profit but true this regular discussion and answering many people question has solved allot of misconception of Long term investment.

The area of investor building an emergency fund this part is a primary thing that is inevitable for any who really want to hold for long term not to put into proper planning as one can't hold for long term with such saving of fund or planned the such to such without tempering the investment.
we are specifically discussing Bitcoin investment, and long-term holding is a crucial strategy in this context. Bitcoin's volatility and price fluctuations make short-term holding risky, and long-term holding provides a greater potential for accumulation, profit, and weathering price downturns. In the context of Bitcoin investment having a long-term mindset is essential to ride out the market's ups and downs and benefit from the asset's potential for long-term growth. By holding for the long term, investors can reduce the impact of short-term price fluctuations and increase their chances of success in the Bitcoin market.
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June 12, 2024, 05:21:22 PM
 #9112

Edited
The ONLY way that you get better results by mixing buying the dip with DCA is if the BTC price actually dips.  If the BTC price does not dip, then you do not get better results. There have been many times in bitcoin's price history that it did not dip further, so person's employing buy the dip in those circumstances may well not have had been better off than strictly employing DCA.

Part of the reason that DCA is so effective is not because it guarantees that you will have better costs per BTC and the fact is that you may well end up with higher costs per BTC by employing DCA - yet at the same time, you are able to figure out ways to be as aggressive as you can with your investment amount into BTC from your discretionary income - which is quite a good thing for no coiners or low coiners to strive to get a stake in bitcoin and not to preoccupy themselves with short term moves in BTC price.
But to be able to mix buying the dip with DCA we need more money, we must always have a fiat reserve available to buy bitcoin because no one knows when bitcoin will fall.

That comment hardly makes any sense.

You have whatever budget that you have, and you have to figure out how you are going to invest based on the budget that you have and also based on your other individual 9 factors, which happens to include how many BTC that you might have had already accumulated, and for sure the more BTC that you have accumulated, then the more luxury you will have to wait for buying dips rather than just buying BTC regularly and as soon as your money comes in.

And preparing additional capital can be a challenge for many people.I agree that this strategy will yield better results but it will be more complicated because it requires more capital and there will be risk if bitcoin does not fall further as you say.

Either you have additional capital or you don't.

If you earn some kind of income and the income keeps building up becuae you are waiting to buy the dip, then that is a choice that you have.


If you happen to have some assets (such as stocks or property or bonds or something like that), and you might want to choose to consider selling some of that and buying bitcoin, but you don't necessarily need to sell such other assets, but the selling of some other assets could be a form of capital that you are optionally able to generate.

Another thing could be that you receive a bonus or you inherit money or you win the lottery or you rob a bank (I am not advocating criminal activities), so there could be various ways that you might come upon a lump sum of capital that you could decide to buy bitcoin right away with all or part of it or you might choose to allocate some of that capital towards buying the dip and/or allocating it towards DCA purchases... You have discretion in those cash management regards, and surely there can be advantages to having capital or coming across capital, but there is no need to presume that anyone has any extra capital that goes beyond his/her regular monthly income (and even monthly income can have a considerable amount of variance and even expenses can have a considerable amount of variance... and the existence of such variance contributes towards variance in discretionary income that anyone might have).
I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.

R


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June 12, 2024, 07:58:10 PM
 #9113

qI agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly

When it come to accumulation of Bitcoin, we should always keep our DCAing constant irrespective of the market conditions. Expecially those of us that can't afford to purchase large quantities of bitcoin. Because if one have the mindset of always waiting for the dip before accumulating he or she will only endup missing out  or having small quantities of bitcoin in their portfolio.

That's why is better to save some funds (which is known as reserve funds) in case any dip occurs one can purchase the dip with the use of reserved funds, and he or she can choose to spread it out or go all in with the reserve funds like lump-sum purchases.

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June 12, 2024, 09:16:30 PM
 #9114

I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.
No one knows when the decline will occur, but everyone has the opportunity to buy it where they must have reserve funds which they prioritize to buy when the price of bitcoin falls. If they don't set aside spare money to buy at dips, of course they will miss the moment to buy when a decline is occurring. Along with the accumulation journey with dca it becomes very good to apply because every time we can buy on dips.

Apart from that, we are planning a long-term investment journey in Bitcoin, so prepare your money as best as possible so that you don't miss out on DCA purchases. As you said, it is quite appropriate if you are able to set aside money for a reserve fund, of course it is quite the right step because you can buy bitcoin when the price is corrected by 10% or more. Meanwhile, buying aggressively when prices fall can be combined with DCA+ buying at dips. This is also classified as aggressive buying and without realizing it, we often do that.

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June 12, 2024, 09:41:49 PM
 #9115

qI agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly

When it come to accumulation of Bitcoin, we should always keep our DCAing constant irrespective of the market conditions. Expecially those of us that can't afford to purchase large quantities of bitcoin. Because if one have the mindset of always waiting for the dip before accumulating he or she will only endup missing out  or having small quantities of bitcoin in their portfolio.

That's why is better to save some funds (which is known as reserve funds) in case any dip occurs one can purchase the dip with the use of reserved funds, and he or she can choose to spread it out or go all in with the reserve funds like lump-sum purchases.
And there are investors who made buying at the dip as there Bitcoin accumulation strategy and what if the market did not dip will they keep waiting? It will be better they use the DCA strategy and also buying the dip strategy together so that the DCA strategy can help them accumulate more Bitcoin at different price level weekly or monthly and also buy when the market is at dip with the help of their reserve fund. But if the investor is still a low coiner the buying dip strategy alone won't be a good Bitcoin accumulating strategy.

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June 13, 2024, 02:33:36 AM
 #9116

qI agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly
When it come to accumulation of Bitcoin, we should always keep our DCAing constant irrespective of the market conditions. Expecially those of us that can't afford to purchase large quantities of bitcoin. Because if one have the mindset of always waiting for the dip before accumulating he or she will only endup missing out  or having small quantities of bitcoin in their portfolio.

That's why is better to save some funds (which is known as reserve funds) in case any dip occurs one can purchase the dip with the use of reserved funds, and he or she can choose to spread it out or go all in with the reserve funds like lump-sum purchases.
And there are investors who made buying at the dip as there Bitcoin accumulation strategy and what if the market did not dip will they keep waiting? It will be better they use the DCA strategy and also buying the dip strategy together so that the DCA strategy can help them accumulate more Bitcoin at different price level weekly or monthly and also buy when the market is at dip with the help of their reserve fund. But if the investor is still a low coiner the buying dip strategy alone won't be a good Bitcoin accumulating strategy.

There may be absolutely no need for a brand new investor, and maybe someone in their first few years of buying/acumulating bitcoin to employ buying the dip strategies rather than sticking with straight-forward and regular DCA (which may well not even be sticking with any particular amount of BTC, but instead figuring out how much BTC to buy each week from the amount of disposable income that he has for that particular week, whether that is $100 or $10 or some other amount).

Yet of course, there might be some psychological reasons to hold some money aside for buying the dip, but it may or may not end up paying off because we cannot rely  on dips actually happening or even happening to such an extent that it is even going to make much of a meaningful difference in a person's bitcoin journey, especially if the person might be new to investing and ONLY investing around 10% of his/her income so it could take a whole 10 years to have 1 years of income invested into bitcoin.. so it is difficult to understand and/or appreciate what value might have had come from buying the dip rather than just buying regularly and not changing behaviors based on factors that might be difficult to measure the extent to which there might have been any kind of advantage to straight-forward DCA.

On the other hand, any of us might come across periods in which we receive extra money for a variety of reasons.  Some people might receive bonuses two or more times a year or there could be other times in which extra money comes available, and surely there could be some thoughts about lump sum, buying the dip or just incorporating that extra money into DCA... and maybe if the extra money just gets used right away for BTC purchases, then that extra money also becomes just a part of the person's DCA system, so I am not even suggesting either choice is more preferable since these are the kinds of discretionary choices that each of us has to make in terms of how aggressive or how whimpy that we want to be in terms of our ongoing bitcoin accumulation -

and there is no correct answer, even though there surely may well end up being a difference between the person who invests $100 per week into bitcoin for 10 years and the person who invests $10 per week into bitcoin for 10 years (because the person who invested $100 per week would have had accumulated 10x more bitcoin than the person who invested $10 per week into bitcoin), but there still is no correct answer regarding what might have been the better choice even though a lot of us may well appreciate having had accumulated 10x more bitcoin, but there may well might have been trade-offs along the way in terms of accumulating 10x more bitcoin, too.. such as maybe the person who invested $10 per week rather than $100 per week ended up having a happier life because he was spending that extra $90 per week on things that ended up contributing to his ongoing current happiness rather than his delayed his happiness. 

Each of us has to figure out and make our choices, and surely we could use some DCA charts to see how $10 per week versus how $100 per week would have had played out in terms of the quantity of bitcoin accumulated during the past 10 years, for example.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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June 13, 2024, 05:02:52 AM
Last edit: June 13, 2024, 05:22:59 AM by Tmoonz
Merited by JayJuanGee (1)
 #9117

I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.
No one knows when the decline will occur, but everyone has the opportunity to buy it where they must have reserve funds which they prioritize to buy when the price of bitcoin falls. If they don't set aside spare money to buy at dips, of course they will miss the moment to buy when a decline is occurring. Along with the accumulation journey with dca it becomes very good to apply because every time we can buy on dips.

Apart from that, we are planning a long-term investment journey in Bitcoin, so prepare your money as best as possible so that you don't miss out on DCA purchases. As you said, it is quite appropriate if you are able to set aside money for a reserve fund, of course it is quite the right step because you can buy bitcoin when the price is corrected by 10% or more. Meanwhile, buying aggressively when prices fall can be combined with DCA+ buying at dips. This is also classified as aggressive buying and without realizing it, we often do that.

Not all investor might actually be a fan of buying the dip because probably they don't want  to get into some emotional  devastation as per being already used to dca and may intend sticking to it as not to be carried away and overly invest at the cause of buying the dip. Any investor that is consistent with his dca can as well benefit from buying the dip, I stick with DCA because it's something I h have gotten use to. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into any kind of troubles. Going out of the plan without completely prepared for it can be very detrimental but however for those who have this figured out such that it will not influence their other plans can maximize such opportunity without over doing it. but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble.


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June 13, 2024, 05:28:58 AM
Merited by JayJuanGee (1)
 #9118

On the other hand, any of us might come across periods in which we receive extra money for a variety of reasons.  Some people might receive bonuses two or more times a year or there could be other times in which extra money comes available, and surely there could be some thoughts about lump sum, buying the dip or just incorporating that extra money into DCA... and maybe if the extra money just gets used right away for BTC purchases, then that extra money also becomes just a part of the person's DCA system, so I am not even suggesting either choice is more preferable since these are the kinds of discretionary choices that each of us has to make in terms of how aggressive or how whimpy that we want to be in terms of our ongoing bitcoin accumulation
from the way I look at it, after I have laid out plans on ground for my DCA, if I receive an extra income or some sort of bonus from any source, it's iether I will use part to strengthen my emergency funds while i use the rest  to make a lump sum purchase since keeping it in fiat form and waiting for possible DIP before buying might put me in a position to likely spend it on unreasonable thing old i will keep it all for lump sum purchase, but even with that, i have to first off decide how long to wait for a DIP and make it too strict that I must not wait past that time regardless of what happen. But putting this two options into consideration, the best would still be to do lump some purchase once you've removed any fund from it, that's if it's even necessary to add up to your emergency fund.

I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.
No one knows when the decline will occur, but everyone has the opportunity to buy it where they must have reserve funds which they prioritize to buy when the price of bitcoin falls. If they don't set aside spare money to buy at dips, of course they will miss the moment to buy when a decline is occurring. Along with the accumulation journey with dca it becomes very good to apply because every time we can buy on dips.

Apart from that, we are planning a long-term investment journey in Bitcoin, so prepare your money as best as possible so that you don't miss out on DCA purchases. As you said, it is quite appropriate if you are able to set aside money for a reserve fund, of course it is quite the right step because you can buy bitcoin when the price is corrected by 10% or more. Meanwhile, buying aggressively when prices fall can be combined with DCA+ buying at dips. This is also classified as aggressive buying and without realizing it, we often do that.

Not all investor might actually be a fan of buying the dip because probably they don't want  to get into some emotional  drama as per being already used to dca and may intend sticking to as not to be carried away and overly invest as the cause of buying the dip. Any investor that is consistent with his dca can as well benefit from buying the dip, I stick with DCA because it's something I have have gotten use to. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into any kind of troubles. Going out of the plan without completely prepared for it can be very detrimental but however for those who have those figured out such that it will not influence their other plans can maximize such opportunity without over doing it. but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble.


Note that apart from the problem of an investors inability to knowing when exactly is the DIP, almost all investors would normally want to buy at the DIP price and it doesn't mean they have to go out of the plan or to do anything strange. As much as buying using the DCA methord helps to keep you consistent with your routine buys, a complementary approach that could add up pace to your accumilation is to also make provision for buying during the DIP buy that still requires that you set out special funds for such purpose which wouldn't work to well for someone that's just fresh to his bitcoin accumilation journey and that hasn't figured a lot of things out financially.

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June 13, 2024, 06:04:01 AM
Merited by JayJuanGee (1)
 #9119

I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.
No one knows when the decline will occur, but everyone has the opportunity to buy it where they must have reserve funds which they prioritize to buy when the price of bitcoin falls. If they don't set aside spare money to buy at dips, of course they will miss the moment to buy when a decline is occurring. Along with the accumulation journey with dca it becomes very good to apply because every time we can buy on dips.

Apart from that, we are planning a long-term investment journey in Bitcoin, so prepare your money as best as possible so that you don't miss out on DCA purchases. As you said, it is quite appropriate if you are able to set aside money for a reserve fund, of course it is quite the right step because you can buy bitcoin when the price is corrected by 10% or more. Meanwhile, buying aggressively when prices fall can be combined with DCA+ buying at dips. This is also classified as aggressive buying and without realizing it, we often do that.

Not all investor might actually be a fan of buying the dip because probably they don't want  to get into some emotional  devastation as per being already used to dca and may intend sticking to it as not to be carried away and overly invest at the cause of buying the dip. Any investor that is consistent with his dca can as well benefit from buying the dip, I stick with DCA because it's something I h have gotten use to. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into any kind of troubles. Going out of the plan without completely prepared for it can be very detrimental but however for those who have this figured out such that it will not influence their other plans can maximize such opportunity without over doing it. but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble.

Even if all investors are not fan of buying at a dip but that is simply because they didn't map out plans for it if not it's good to buy at a dip price even though you are DCAing because buying at a dip price gives you advantage to make more profits unlike continuous use of the DCA strategy. Take for instance you are using the DCA on weekly basis and a dip occurs immediately after your last DCA and before your next DCA the price regains it original state before the dip occured, haven't you missed out on the dip? sure you have and this is where reserved funds plays an important role because during DIPs your reserved funds will help you to buy in those periods of dips even though you are still DCAing. However, if you don't have reserved funds you can still just stick to your every week DCA because since you have long term investment plan, making good profits and owning huge portfolio can be achieved in the long run.
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June 13, 2024, 06:15:53 AM
 #9120

I agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly.
No one knows when the decline will occur, but everyone has the opportunity to buy it where they must have reserve funds which they prioritize to buy when the price of bitcoin falls. If they don't set aside spare money to buy at dips, of course they will miss the moment to buy when a decline is occurring. Along with the accumulation journey with dca it becomes very good to apply because every time we can buy on dips.

Apart from that, we are planning a long-term investment journey in Bitcoin, so prepare your money as best as possible so that you don't miss out on DCA purchases. As you said, it is quite appropriate if you are able to set aside money for a reserve fund, of course it is quite the right step because you can buy bitcoin when the price is corrected by 10% or more. Meanwhile, buying aggressively when prices fall can be combined with DCA+ buying at dips. This is also classified as aggressive buying and without realizing it, we often do that.

Not all investor might actually be a fan of buying the dip because probably they don't want  to get into some emotional  devastation as per being already used to dca and may intend sticking to it as not to be carried away and overly invest at the cause of buying the dip. Any investor that is consistent with his dca can as well benefit from buying the dip, I stick with DCA because it's something I h have gotten use to. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into any kind of troubles. Going out of the plan without completely prepared for it can be very detrimental but however for those who have this figured out such that it will not influence their other plans can maximize such opportunity without over doing it. but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble.

Even if all investors are not fan of buying at a dip but that is simply because they didn't map out plans for it if not it's good to buy at a dip price even though you are DCAing because buying at a dip price gives you advantage to make more profits unlike continuous use of the DCA strategy. Take for instance you are using the DCA on weekly basis and a dip occurs immediately after your last DCA and before your next DCA the price regains it original state before the dip occured, haven't you missed out on the dip? sure you have and this is where reserved funds plays an important role because during DIPs your reserved funds will help you to buy in those periods of dips even though you are still DCAing. However, if you don't have reserved funds you can still just stick to your every week DCA because since you have long term investment plan, making good profits and owning huge portfolio can be achieved in the long run.

We all aware that buying the dip is a nice strategy, but relying on the dip alone is not smart at all expecially for am average man or a low coiner. Because as one is waiting for the dip alone he or she is just wasting time and same time missing out because the time his using to wait for the dip, would have help him to cover alot of gabs in his accummulation.

That's is the reason those that are interested in buying the dip should have a reserve funds while they keep DCAing, so that they can purchase the dip without affecting their DCAing. That's why when it comes to investing we should always try to plan ahead , in other to secure a better investment for ourselves.

And don't forget with DCAing one can also buy the dip .

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