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Author Topic: Buy the DIP, and HODL!  (Read 102663 times)
Kliss
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June 13, 2024, 06:55:19 AM
 #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.

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
 #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.
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, 08:32:51 AM
 #9123

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.

R


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Roseline492
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June 13, 2024, 08:45:45 AM
Merited by JayJuanGee (1)
 #9124

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.

R


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bestcoins1
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June 13, 2024, 09:03:39 AM
 #9125

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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Ruttoshi
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June 13, 2024, 09:19:47 AM
 #9126

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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Tmoonz
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June 13, 2024, 09:42:48 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.
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, 11:56:30 AM
 #9128

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
 #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.
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.

R


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June 13, 2024, 12:58:29 PM
Merited by JayJuanGee (1)
 #9130

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
 #9131

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
 #9132


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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June 13, 2024, 02:24:28 PM
 #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.
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 are using the DCA method of accumulation and don't think about the dip.
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price. 

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June 13, 2024, 02:54:27 PM
 #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.
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 are using the DCA method of accumulation and don't think about the dip.
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price.

@Mayor of Ogba you are right,  Those who invest and accumulate through DCAing are only present in every market situation, accumulating at intervals but in a simpler sense that does not guarantee the amount of Bitcoin to be accumulated would be greater as it dwells upon the amount invested. Those who wait for dip already have allocated money and yet still accumulating with DCA which means they have an edge above others because they can buy more during a dip which does not reveal itself and also DCAing if we are to consider who have more stash it would be the one that DCA and also bought at the dip price.


As I earlier said, the Stash of Bitcoin in holding does not rely on one DCAing, lump summing, buying at the dip but the Amount of Money invested.
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June 13, 2024, 03:03:13 PM
Last edit: June 14, 2024, 07:46:32 PM by Tmoonz
Merited by JayJuanGee (1)
 #9135


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.

It is very problematic to argue the terms of lump sum buying and buying on dips as both strategies has their unique functionalities with meaningful differences such that you can not refer any kind of buying the dip as a lump sum simply because you are buying with a larger amount of money more than your usual, the idea of the lump sum buying has to do with an investor decision in terms of investing a huge amount of money that is readily available for investment and decided to invest this money right away such that it has nothing to or necessarily connected with whether or not there is a dip but rather it has more to do with your personal decision, the lump sum strategy are unique on its own such that at some time it is use as an upfront or front loading investment strategy.

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June 13, 2024, 04:49:26 PM
Merited by JayJuanGee (1)
 #9136

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 are using the DCA method of accumulation and don't think about the dip.
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price. 
Both of you can be wrong somehow because there is no certainty in either of the scenarios described. Someone using the DCA method only will not always have more Bitcoin neither will someone using a combined DCA method and buying the dips, it is always depend on the market condition and the interval of time the assessment is made. Let us assume both investors A a B have $10k to inject in Bitcoin within one year or a couple of months. Investor A decided to use the DCA method only and divided the funds into equal parts to suit the duration. While invest B decide to invest 50% through the DCA and the remaining 50% via buying the dips. What will determine the outcome of both investment is generally the market condition.
  • If the market is continuously bearish, there are higher chances that investor B that uses the combined method would not have invested all the funds within that duration because he will invest part when it dips, thereafter keep some parts for further dips and will always have some parts not yet invested as the market continue to declined and if by chance he chose a limit and invested all the funds and the mark continue further down, investor A that put bigger amount in DCA method will get more Bitcoin at lower prices.
  • If the market is continuously bullish, it is even worse because investor B that is using the combine method will not invest much of the funds since he might be waiting for dips whil the market continue to climb. Meanwhile investor A that uses the DCA only will continue to buy as the market continues until all the funds are invested within the duration
  • If there is a transitional market in which market moves from bullish to bearish or vice versa, then it becomes a kind of obvious that investor B that uses a combined method might succeed in getting more Bitcoin that investor A that use only the DCA method.

Above are the reason I said both of you can be wrong because there is never certainty in the positions both of you have taken in that discussion.

R


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Justbillywitt
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June 13, 2024, 05:40:09 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.

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.
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 are using the DCA method of accumulation and don't think about the dip.
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price.

@Mayor of Ogba you are right,  Those who invest and accumulate through DCAing are only present in every market situation, accumulating at intervals but in a simpler sense that does not guarantee the amount of Bitcoin to be accumulated would be greater as it dwells upon the amount invested. Those who wait for dip already have allocated money and yet still accumulating with DCA which means they have an edge above others because they can buy more during a dip which does not reveal itself and also DCAing if we are to consider who have more stash it would be the one that DCA and also bought at the dip price.


As I earlier said, the Stash of Bitcoin in holding does not rely on one DCAing, lump summing, buying at the dip but the Amount of Money invested.
Of course the amount of money invested will definitely determine who have more stash irrespective of the approach used for the investment. But the person who invested in all market situation which is the DCA method has some form of advantage, as he has derived more utility from his money and  has limited his level of loss impact should there be a sharp dip in the market. But if we look at the situation from the angle that both investors has same amount of money to invest, the person who by at all market situation will definitely has more stash then the investor who buys at the dip.
Moreover the dip level is not even predetermined for us to actually calculate it. So since it is this way, we will always consider the person who has bitcoin as someone who has more bitcoin than the other person. So far as he is still waiting for the dip to buy we won't consider him/her as an investor or someone who owns bitcoin because no purchase has been made yet, so until he make his first purchase before it can be determined between him and the other person who always buy at all market conditions who has more stash of bitcoin.

R


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June 13, 2024, 07:31:58 PM
Last edit: June 13, 2024, 07:55:32 PM by Frankolala
 #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.
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.
Your friend s using the wrong approach by stopping his DCA and wait for the dip. The reason why new beginners or investors who are in their accumulating stage should not stop accumulating is because the price of bitcoin waits for no man and as the days is passing by, no one knows what will be the next price of bitcoin. So consistent and persistent buying gives you an opportunity to buy bitcoin at various price and increase your bitcoin portfolio overtime, maybe 4-10 years so that you can have a good quantity bitcoin in position for the future. What is worth doing is worth doing well.

If you are DCAing and you stop, feeling that the dip is coming, this is how your bitcoin portfolio will be stagnant, amd what if the dip did not come for a year, you will not buy bitcoin. It means that person does not understand how to go about his bitcoin journey in order for him to be successful. The seize of your portfolio is what will determine your profit overtime. It is good to forget about buying at the dip if it will distract you from your regular DCA accumulating way. Increasing your bitcoin size is the focus and that can be done gradually with DCA before you know it, after 4 years you will be surprised at how many bitcoin you have acquired. Waiting kills the opportunity of increasing your bitcoin portfolio.

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June 13, 2024, 08:38:26 PM
 #9139


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.

It is very problematic to confliate the terms of lump sum buying and buying on dips as both strategies has their unique functionalities with meaningful differences such that you can not refer any kind of buying the dip as a lump sum simply because you are buying with a larger amount of money more than your usual, the idea of the lump sum buying has to do with an investor decision in terms of investing a huge amount of money that is readily available for investment and decided to invest this money right away such that it has nothing to or necessarily connected with whether or not there is a dip but rather it has more to do with your personal decision, the lump sum strategy are unique on its own such that at some time it is use as an upfront or front loading investment strategy.
I clearly understand Agbamoni point and it’s so simple if an investor can accumulate using the lump sum strategy during the dip, this is the time an investor can accumulate more according to their strength in order to build their portfolio faster, then after accumulating with huge amount the investor can continue using the dca. We can only say buying bitcoin has no time set like when people specify buying only the dip but we cannot say same for the lump sum strategy, from my view anyone can venture using their desired strategy but basically while accumulating bitcoin using the dca strategy now it’s also good an investor save some money so at the appropriate time the investor can use the money to accumulate more during the dip.

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June 13, 2024, 08:42:44 PM
 #9140

[edited out]
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.

I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin.  Perhaps such a person will need 20-30 years or  more to really get to a decent place with his/her bitcoin stash.

For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.

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.

Tmoonz has the right idea.

The mere fact that you have extra money that you are holding aside to buy the dip does not convert that into lump sum, merely because the amount might be larger than your normal buys.

The three main strategies in accumulating bitcoin is DCA, buy the dip and lump sum.  Sure you can combine these strategies and even front load your investment by buying more in the beginning, yet if you really want to attempt to apply strategies in differing ways, sometimes there may well be advantages to understanding the difference between the practices in order to take advantage of such differences, and yeah, whether you know the advantages and disadvantages or not, you can do whatever you like and call it whatever you like, even though you might cause confusion when you are not able to differentiate between what is buying the dip and what is lump sum and what is DCA.

[edited out]
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price. 

You only advantage from holding money aside to buy the dip if the BTC price actually dips. So how could you always advantage from buying the dip if the BTC price does not end up dipping?

I think that another valid point that Chiomaobi was making is that some of the newbies that he knows get so caught up in terms of strategizing whether or not to buy the dip and what is a dip and all that bullshit, so they put themselves into more of a waiting rather than an acting kind of mindset (and practices), so many times it may well end up being a lot better to just act and to continue to buy BTC, even if your average cost per BTC might be higher .. .. and in that regard, you stay in a buying mindset rather than a waiting mindset.. and yeah, sure there could be circumstances in which the waiter will actually get more advantages and end up buying more BTC than the one who regularly buys BTC, but really?  does it make a difference, and maybe it is better to just continue to buy until you get to a certain level of BTC accumulation and then thereafter (when you have accumulated a decent amount of BTC) begin to strategize about buying dips rather than just buying regularly, persistently and consistently in your earlier BTC accumulation stages.

Sure in the end, guys can do whatever they like in terms of figuring out the extent they might be advantaged by holding some money aside to buy dips or just to buy BTC regularly no matter the price.

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.
It is very problematic to confliate the terms of lump sum buying and buying on dips as both strategies has their unique functionalities with meaningful differences such that you can not refer any kind of buying the dip as a lump sum simply because you are buying with a larger amount of money more than your usual, the idea of the lump sum buying has to do with an investor decision in terms of investing a huge amount of money that is readily available for investment and decided to invest this money right away such that it has nothing to or necessarily connected with whether or not there is a dip but rather it has more to do with your personal decision, the lump sum strategy are unique on its own such that at some time it is use as an upfront or front loading investment strategy.

Yes... I said something similar.. but yeah.. that sounds like the right idea to consider advantages and disadvantages of various strategies, and surely some strategies will be better or worse for guys, yet each of us has to decide for ourselves in regards to which strategies to use and to live with the consequences of whichever choices we make in regards to our strategies.

Surely there are some folks who rarely get opportunities to lump sum buy bitcoin (or any other investment), yet sometimes if a person is engaged in good cashflow management practices, s/he might be able to advantage from situations that he had not previously thought were available to him.. which is one of the advantages of already have a plan and practice in place, when opportunities (of extra money) come, the plan and practice is already in place to be able to take advantage of the opportunity rather than spending the extra money on potentially frivolous and unnecessary things that may well not have as many longer term advantages as compared to investing into bitcoin.

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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