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Author Topic: Buy Bitcoin, and HODL!  (Read 87990 times)
Zackz5000
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June 12, 2024, 09:41:49 PM
 #9121

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
 #9122

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.

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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)
 #9123

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)
 #9124

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)
 #9125

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
 #9126

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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June 13, 2024, 06:55:19 AM
 #9127

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.
For new investors or those in the early stages of accumulating Bitcoin, sticking to a straightforward DCA approach is often more suitable than focusing solely on buying the dip strategy. DCA allows for consistent and manageable purchases based on available disposable income each week, regardless of the specific amount. This method helps in building a Bitcoin portfolio steadily over time without the need to time the market. It can be challenging to predict market dips accurately especially for new investors. Relying solely on waiting for dips may not always result in significant benefits, especially when investing a smaller portion of income. Sticking to a consistent DCA strategy can be a more reliable and straightforward approach for long-term Bitcoin accumulation.

Consistency is key when it comes to accumulating Bitcoin, especially for those who can't afford to purchase large quantities at once. By maintaining a regular DCA schedule you will be taking advantage of DCA reducing the impact of market volatility, and building a solid foundation in Bitcoin. Waiting for the perfect dip can lead to missed opportunities and a smaller portfolio. Instead using a combination of DCA and reserve funds for opportunistic purchases provides a good strategy. Reserve funds allow you to take advantage of market downturns while avoiding the risk of reducing your regular investment funds.

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June 13, 2024, 07:05:50 AM
Last edit: June 13, 2024, 08:11:24 AM by laijsica
 #9128

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.
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.
A long 10-year DCA futures plan for Bitcoin deposits can be followed on a relatively weekly or monthly basis, allowing for realism and solidifying holdings. Here various buying prices are combined and will show the average price up to the last point. Example: If depositing bitcoins at $100 per month, $1200 in 1 year and the average price will show a combination of different prices per month. $12,000 accumulates over 10 years and averages out at different monthly buying prices. Eventually you get a decent portfolio that accumulates more bitcoins by investing the same amount of money. However, the average value of Bitcoin tends to increase in contrast to the high price of Bitcoin, but the average price tends to decrease relatively due to the downward trend in price.

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June 13, 2024, 08:22:58 AM
Merited by JayJuanGee (1)
 #9129

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.
You are correct me as a newbie I don't think about the dip at all I just keep investing using the DCA method, one thing about waiting for the dip as a newbie is that it will delay you and you may even wait and there will be no dip so is better one start investing and forget about the dip. All newbie should always choose a long term investment when it comes to bitcoin investment that way you won't bother about the dip, one thing I discovered recently is that those who use the DCA method in accumulating Bitcoin but still wait for the dip usually don't accumulate as many as those who is using the DCA method of accumulation and don't think about the dip.
Thinking about the dip will always slow your investment so is better you forget about it and focus on accumulating as many Bitcoin as you can because procrastinating about something you don't even know will happen in the next 2 years is very wrong it will always slow you down if we all have the mindset that there's nothing like dip in Bitcoin you will see how far we will all go this mindset of dip is really drawing a lot of people back especially newbies.
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June 13, 2024, 08:32:51 AM
 #9130

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.
Seeing from the situation that occurred and indeed the effect of a person's psychology that sometimes raises the aggressive side, it is possible that it can happen, but in this case I don't really agree if we leave the DCA that has been done because after all this could be an unexpected risk if you forget DCA as one of the main strategies that you always struggle with. But in this case we can compensate by continuing to do DCA but on the other hand we can also set aside a little of our money to do the situation by waiting for bitcoin to be dipped. This can still happen because after all in the management of our money we must have a fund post where it is intended for reserve funds or unexpected needs and if it is unused then the time is suitable for buying bitcoin on the dip then indeed this strategy can still be done in the end.
It's just that things like this depend on their respective perspectives so it's up to those who have money but I would be a little against when those who do do DCA and delay it just because they are waiting for the dip and not moving in the end because I think something like that is less worth it.

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June 13, 2024, 08:45:45 AM
Merited by JayJuanGee (1)
 #9131

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.

Actually I'm not disputing the fact that buying at dip is not good but the best way to go about it is only those investors who has been accumulating Bitcoin for some time now and also that have been into Bitcoin for long to utilize it and not just those beginners who just started there Bitcoin accumulation to reply on the dip, similarly to the point @JayJuanGee was saying because we all understand what dip is about and something that doesn't happen regularly in terms of Bitcoin price movement but instead we only witness some little correction which is very normal for a coin of that kind of potential but saying that it will regularly dip is not possible, and also dip is something that can just happen without people expecting so it should be an added opportunity for investors to utilize and add up more on there investment portfolio but dwelling on the dip will be totally poor investment planning because you could wait for a very long time.

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June 13, 2024, 09:03:39 AM
 #9132

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.

You also have to understand that not all Bitcoin investors will think like that, especially if each Bitcoin investor has a different amount of reserve funds each month. Investors who have the funds to buy Bitcoin in a certain amount will not think about accumulating more but they will immediately buy without having to wait for the price of Bitcoin to fall, especially if they do not plan to sell again in the near future. The DCA strategy is good, but it is mostly used by small investors who do not have enough reserve funds, while large investors and companies such as Blackrock will never wait for the price to fall if they want to buy Bitcoin.

So don't think that most Bitcoin investors will carry out their plans as you describe, because you also need to know that currently there are still investors who prefer to buy Bitcoin without caring about whether the price is going down or up. And they even often like to collect more Bitcoins without determining when they will sell the Bitcoins back into the market.

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June 13, 2024, 09:19:47 AM
 #9133

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.
You are correct me as a newbie I don't think about the dip at all I just keep investing using the DCA method, one thing about waiting for the dip as a newbie is that it will delay you and you may even wait and there will be no dip so is better one start investing and forget about the dip. All newbie should always choose a long term investment when it comes to bitcoin investment that way you won't bother about the dip, one thing I discovered recently is that those who use the DCA method in accumulating Bitcoin but still wait for the dip usually don't accumulate as many as those who is using the DCA method of accumulation and don't think about the dip.
Thinking about the dip will always slow your investment so is better you forget about it and focus on accumulating as many Bitcoin as you can because procrastinating about something you don't even know will happen in the next 2 years is very wrong it will always slow you down if we all have the mindset that there's nothing like dip in Bitcoin you will see how far we will all go this mindset of dip is really drawing a lot of people back especially newbies.
You are contradicting yourself and you don't fully understand what it means by DCA and buying at the dip.

The reality is that any investor that is accumulating bitcoin using DCA method to buy regularly weekly or monthly non stop, and he has built his emergency funds for 3-6 months and also have reserve funds, can also include buying at the dip to his budget should incase bitcoin price dips, but that does not mean that he is waiting for the price of bitcoin to dip before he buys, but he buys always with DCA.

DCA means using an amount maybe $10, $50, $100 or from your discretionary income based on your own case to buy bitcoin regularly weekly or monthly without skipping any one for 4-10 years. While buying at the dip is when an investor keeps his money in fiat and everyday, he is busy watching the chart and bitcoin price hoping to see a dip for him to be able to buy. The annoying thing with these set of investors who do not have enough Bitcoin and is waiting for the dip, always have their own price in which the want bitcoin to fall to be they will buy. So e of them will end up waiting till infinity without buying one Satoshi.

So there is nothing bad there if in your bitcoin journey, after two years or three when you have confidence in bitcoin and you have understand your cash inflow, which may/not have increased, you plan for the DOWNity and UPity of bitcoin price. However, a new beginner like you chiomaobi should only focus on using the DCA method to accumulate bitcoin in a long-term 4-10 years and above. Also don't forget that your emergency funds is very important for you to be able to keep accumulating more bitcoin weekly or monthly and hodli for long, if not you might sell of when it is not the right time due to unexpected emergency.

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June 13, 2024, 09:42:48 AM
 #9134

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.
You are correct me as a newbie I don't think about the dip at all I just keep investing using the DCA method, one thing about waiting for the dip as a newbie is that it will delay you and you may even wait and there will be no dip so is better one start investing and forget about the dip. All newbie should always choose a long term investment when it comes to bitcoin investment that way you won't bother about the dip, one thing I discovered recently is that those who use the DCA method in accumulating Bitcoin but still wait for the dip usually don't accumulate as many as those who is using the DCA method of accumulation and don't think about the dip.
Thinking about the dip will always slow your investment so is better you forget about it and focus on accumulating as many Bitcoin as you can because procrastinating about something you don't even know will happen in the next 2 years is very wrong it will always slow you down if we all have the mindset that there's nothing like dip in Bitcoin you will see how far we will all go this mindset of dip is really drawing a lot of people back especially newbies.

The dip is characterized by a noticeable decline or fall in price of an asset which could either take place within a short or long period of time, a dip can be sudden it can as well take a long time which is not as considerably 2 years as you imply. Yeah waiting for a dip before making purchase can be a very wrong approach especially for a newbie that is meant to be accumulating Bitcoin without having anything to do with the market condition. However, combination of strategies can be good with a proper planning such that any one that is already accumulating Bitcoin with dca can as well buy the dip if it has been well figured out such that it will not affect your consistent dca and your various aspects  living expenses, as buying the dip give the opportunity of buying more quantity of Bitcoin with the same amount of money as when compared with buying from it previous high.

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June 13, 2024, 10:52:54 AM
Merited by JayJuanGee (1)
 #9135

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.
You are correct me as a newbie I don't think about the dip at all I just keep investing using the DCA method, one thing about waiting for the dip as a newbie is that it will delay you and you may even wait and there will be no dip so is better one start investing and forget about the dip. All newbie should always choose a long term investment when it comes to bitcoin investment that way you won't bother about the dip, one thing I discovered recently is that those who use the DCA method in accumulating Bitcoin but still wait for the dip usually don't accumulate as many as those who is using the DCA method of accumulation and don't think about the dip.
Thinking about the dip will always slow your investment so is better you forget about it and focus on accumulating as many Bitcoin as you can because procrastinating about something you don't even know will happen in the next 2 years is very wrong it will always slow you down if we all have the mindset that there's nothing like dip in Bitcoin you will see how far we will all go this mindset of dip is really drawing a lot of people back especially newbies.
You are contradicting yourself and you don't fully understand what it means by DCA and buying at the dip.

The reality is that any investor that is accumulating bitcoin using DCA method to buy regularly weekly or monthly non stop, and he has built his emergency funds for 3-6 months and also have reserve funds, can also include buying at the dip to his budget should incase bitcoin price dips, but that does not mean that he is waiting for the price of bitcoin to dip before he buys, but he buys always with DCA.

DCA means using an amount maybe $10, $50, $100 or from your discretionary income based on your own case to buy bitcoin regularly weekly or monthly without skipping any one for 4-10 years. While buying at the dip is when an investor keeps his money in fiat and everyday, he is busy watching the chart and bitcoin price hoping to see a dip for him to be able to buy. The annoying thing with these set of investors who do not have enough Bitcoin and is waiting for the dip, always have their own price in which the want bitcoin to fall to be they will buy. So e of them will end up waiting till infinity without buying one Satoshi.

So there is nothing bad there if in your bitcoin journey, after two years or three when you have confidence in bitcoin and you have understand your cash inflow, which may/not have increased, you plan for the DOWNity and UPity of bitcoin price. However, a new beginner like you chiomaobi should only focus on using the DCA method to accumulate bitcoin in a long-term 4-10 years and above. Also don't forget that your emergency funds is very important for you to be able to keep accumulating more bitcoin weekly or monthly and hodli for long, if not you might sell of when it is not the right time due to unexpected emergency.
I understand DCA method very well what I'm trying to say is that there are a lot of people who engage in the DCA method of accumulation especially newbies but always stop at a particular time because they feel is better to wait for the dip some will wait for months and when they see there's no dip they start accumulating again using the DCA method.
I have a friend that is always doing this and the reason he always stop is because of this mindset of buying in the dip, a lot of people can't focus in the DCA method because they feel waiting and buying in the dip will be more better, I know of a guy that only invest 2 percent every month on his Bitcoin investment then keeping 20 percent so he can buy in the dip.
All this mindset will affect your accumulation of Bitcoin and those without this mindset will go more far than those with this mindset.
But if one takes his DCA method of accumulation seriously and also have a reserve funds which he can use to buy in the dip if it eventually comes I think that is more better it won't affect your accumulation journey.
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June 13, 2024, 11:56:30 AM
 #9136

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.

Actually I'm not disputing the fact that buying at dip is not good but the best way to go about it is only those investors who has been accumulating Bitcoin for some time now and also that have been into Bitcoin for long to utilize it and not just those beginners who just started there Bitcoin accumulation to reply on the dip, similarly to the point @JayJuanGee was saying because we all understand what dip is about and something that doesn't happen regularly in terms of Bitcoin price movement but instead we only witness some little correction which is very normal for a coin of that kind of potential but saying that it will regularly dip is not possible, and also dip is something that can just happen without people expecting so it should be an added opportunity for investors to utilize and add up more on there investment portfolio but dwelling on the dip will be totally poor investment planning because you could wait for a very long time.

Buy when there's a chance to do it when bitcoin is experiencing a dip. But if not then investors should continue to make their accumulations plan to happen and don't entertain any negative disturbance that can distract them for what they are doing. And yeah this incident doesn't always happen so it will be so bad to wait for that to happen if the market is experiencing a good run. For sure in that case they get afraid to accumulate since their concern again is the price of bitcoin is much expensive for them to acquire. They should think that if they accumulate whatever figures the market showing to them for sure there's no statement that bitcoin price is expensive and they afraid for a dump. That's why take action and utilize everything they could use so that they succeed on their investment on bitcoin and they will not going into something bad that they might regret later on.

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June 13, 2024, 12:09:35 PM
 #9137

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.
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.
A long 10-year DCA futures plan for Bitcoin deposits can be followed on a relatively weekly or monthly basis, allowing for realism and solidifying holdings. Here various buying prices are combined and will show the average price up to the last point. Example: If depositing bitcoins at $100 per month, $1200 in 1 year and the average price will show a combination of different prices per month. $12,000 accumulates over 10 years and averages out at different monthly buying prices. Eventually you get a decent portfolio that accumulates more bitcoins by investing the same amount of money. However, the average value of Bitcoin tends to increase in contrast to the high price of Bitcoin, but the average price tends to decrease relatively due to the downward trend in price.
Dollar Cost Averaging is an investment strategy where you are able to buy and invest in small chunks of Bitcoin in hopes of averaging down the price. The dollar cost averaging approach to investing in Bitcoin can be handy if you don't have a lot of cash to invest.

Everyone has an investment aim to invest in dollar cost averaging method. One is able to continue their investment for 5 years, 4 years and 10 years. One thing is true that the longer you invest in the DCA method the more you can earn because the longer you invest the more bitcoins you accumulate. Before investing in this method check carefully whether you will invest on monthly basis or weekly basis. Because proper planning is more important in investment. Many investors are not able to continue investing for long because they do not have a proper investment plan. So invest in such a way that you buy bitcoins with the same amount on weekly or monthly basis and keep it for investment.

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June 13, 2024, 12:58:29 PM
Merited by JayJuanGee (1)
 #9138

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.



Well said and I think the whole issue starts with deciding what a dip is. Nobody knows what a dip is until it is too late. Sure if Bitcoin goes down all the way to $30k now, that is probably called a dip. But if it does then I think those who were waiting for a dip might be so afraid of the recent price development that they are now uncertain whether this drop has come to an end or whether we go down to $10k. If someone defines 10% as a dip, ok then stick with it and leave some money aside and make the purchase if those 10% are reached at a certain point in time. If it is not reached by say one month from now, they can still use the money they put aside and use it for an increased DCA investment for the weeks or months to come.

But all of this goes back to having a strategy and while some set one up, only a minority sticks to it. That's why I think a rigorous DCA strategy works best for most and if unexpected additional income occurs, the money can still be used for some degree of freedom.
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June 13, 2024, 01:44:53 PM
 #9139

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.

The concepts or idea of the lump sum completely has nothing to be talked about in terms of buying the dip, the idea of the lump sum buying has to do with making purchase of Bitcoin with the huge sum that is readily available to be invested right away without considering whether the market condition is in dip or not.

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June 13, 2024, 01:50:14 PM
 #9140


The concepts or idea of the lump sum completely has nothing to be talked about in terms of buying the dip, the idea of the lump sum buying has to do with making purchase of Bitcoin with the huge sum that is readily available to be invested right away without considering whether the market condition is in dip or not.

Bro you are wrong here and you tend to sound like you are right. Lump sum still involves buying the dip, it depends on the investor whether he chooses to Lump sum at any time without minding the price of the market or he may choose to Lump sum during the dip. And it is true that the best time to Lump sum is during the dip and then DCA through any market interval. In my own opinion this is the right approach to follow an investment. If there are extra buck that comes in along our investment, we can choose to wait for the dip then and when it comes, we Lump sum as well.

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