Buy the DIP, and HODL!

[Mayor of ogba]

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.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

[Tmoonz]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

This assertion has been corrected @jay juanGee of which I completely agreed with him that anyone can actually come in to a situation in which they have lump sum amount available and make such decision of utilizing the lump sum buying strategy in to Bitcoin investment such as one could (1) win a lottery (2) received a bonus at work (3)  or an inheritance money, just few to mention which of this doesn't necessarily or exactly make them rich but out of their personal decision to lump sum buy after taken care of their living expenses and provisional emergency funds, what am emphasizing on is that the idea of the lump sum buying is not only subjected to the rich. But however, the logic is that every investor must choice a strategy or strategies that will suit him or her.

[Taskford]

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

It designs to all and very manageable strategy to use by anyone. That's why this has been the hottest topic since many think that even newbies can able to do this strategy since its easy to understand and execute depends on there willingness to invest at certain times.

But they should not forget that there are other good methods to use like lump sum investing which people could also consider to use and they can diversified their portfolios by using this. Now its up to the investor to research on which strategy is suitable for them since both DCA and lump sump is good methods to use for their investment on bitcoin.

[Bravut]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

This assertion has been corrected @jay juanGee of which I completely agreed with him that anyone can actually come in to a situation in which they have lump sum amount available and make such decision of utilizing the lump sum buying strategy in to Bitcoin investment such as one could (1) win a lottery (2) received a bonus at work (3)  or an inheritance money, just few to mention which of this doesn't necessarily or exactly make them rich but out of their personal decision to lump sum buy after taken care of their living expenses and provisional emergency funds, what am emphasizing on is that the idea of the lump sum buying is not only subjected to the rich. But however, the logic is that every investor must choice a strategy or strategies that will suit him or her.

Well said, Any investor can lump sum as far the money is readily available which can be sourced from your point already listed out, lump summing does not mean an investor needs have thousands of dollars but simply any amount above the normal for instance; Someone who already had a savings of $500, he decides to start investing in Bitcoin which he did use $300 to buy Bitcoin and initiated a plan that allows him use $20 weekly to keep accumulating the, $300 is the lump summing amount.

Everyone is entitled to there choice and decision on how they choose to go about there investment, the goal should be focus on consistency and discipline aligning with your plan.

As I would always say, the strategy is not the criteria for a good stash of Bitcoin though has an influence but the amount invested is directly proportional to the amount (stash) of Bitcoin present.

[Uhwuchukwu53]

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

It designs to all and very manageable strategy to use by anyone. That's why this has been the hottest topic since many think that even newbies can able to do this strategy since its easy to understand and execute depends on there willingness to invest at certain times.

But they should not forget that there are other good methods to use like lump sum investing which people could also consider to use and they can diversified their portfolios by using this. Now its up to the investor to research on which strategy is suitable for them since both DCA and lump sump is good methods to use for their investment on bitcoin.

All what your saying is correct in terms of investor making a choice because even as it's preferably investment strategy may be certain individual has what they prefer most, though while the lump sum is mostly discussed here for me is as a result of many who speak of investment like newbie may hardly have what it takes to lump sum, because the DCA for me is more easy because since it's not just once buying, it does not look too huge interems of releasing the money one has at hand why engaging on it, using the lump sum some who are not financially competent may be afraid if the money to lump sum is very Big but this DCA seem gradual accumulating that one will not know before hand has invested huge .

[Y3shot]

when we can invest regularly using the DCA method, of course this will be able to control the average purchase and this can certainly provide profits according to what we want.

making use of the DCA (Dollar-Cost Averaging) method to invest is good and can also be of good help to invest bitcoin.Tge DCA method of investing bitcoin brings down timing risks, make discipline in investment habit and average out market functions.

 investing a certain amount of money in Bitcoin at regular intervals, it will be good buying more bitcoin when prices are low and fewer amount of Bitcoin when prices are high. This can help one to realise good accumulation  of bitcoin  and increase the chances of long-term investment success.

[Ruttoshi]

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.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

The DCA method also gives you the opportunity to buy bitcoin and grow your investment gradually, because you will be buying always weekly or monthly. Before you know it you will have accumulated a good amount of bitcoin within 4-10 years time and above, based on how much that you are using to buy from your discretionary maybe at $10, $30 $100 and above. You will be buying with ease and you will not feel it, only what you need is discipline and sacrifice in order for you to reach your bitcoin target.

DCA strategy is good for new beginner and low coiner to use in accumulating bitcoin since the plan is to just keep on buying without stopping for a very long time so that they can be able to cover up their lateness to bitcoin, because they still have a very long way to go in their bitcoin accumulation journey before the price of bitcoin goes very high.

[Aanuoluwatofunmi]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

[Ricardo11]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

[Samlucky O]

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.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping.  Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price.

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

Yes exactly DCA strategy is not only for the poor as @finepoine0 claims, as a matter of fact DCA is for everyone because there is no place that it is stated that a certain amount for the poor is used to accumulate. DCA is adjustable base on ones financial capacity, meaning anyone can accumulate as low as $5 and above $200 per week base on the persons source of income and the amount he or she has in discretion, so surely DCA is not for only the poor but it is a strategy that is suitable for any class or set of human being. provided that they can afford as low as $5. And $5 Bitcoin being the least amount to accumulate in DCA doesn't make it a poor people Investment strategy.

[Agbamoni]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals. Of all the strategies waiting to buy bitcoin during DIP alone without applying DCA strategy might slow your bitcoin investment growth because the price might not DIP to your desired levels and timing the market can be stressful.

Any strategy can work in investing in Bitcoin as long as the investor is consistent and do not deviate from accumulating enough Bitcoin as well as holding it for long. The decisions will make is what matter at the end, whether we chose to sell along the line taking gains (which is not advisable as it may slow the accumulation process) or we choose to hold our investor for longer purposes (quite the best approach) and benefits.

So why wait for the price to dip when you can be accumulating bitcoin through DCAing consistently to ensure steady accumulation, peradventure if it DIPs to your desired amount and you have extra bucks to buy fine but if it does not your accumulation through DCA continues to progress. DCAing can be done alone regardless of market fluctuations as long you keep it consistent but I don't see any need to wait for the DIP alone to accumulate bitcoin rather combining DCA with buy during DIPs can further enhance portfolio growth by taking advantage of lower prices when they occur.

Yeah, it is true, no matter what we do we should not stop buying Bitcoin as long as we have the funds or have decided to b allocating some percentage of our funds to investing in Bitcoin. Buying the dip is not bad at all but waiting for the dip is dangerous It may lead us to not invest in Bitcoin because we keep waiting and waiting for a dip, what it never comes. My approach to such situation is that i see every time as a dip which makes me buy more.

[wmaurik]

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

The DCA strategy is suitable for everyone from any group with any level of capital so it is very unobtrusive to continue to use by investors or by people who like to collect a certain amount of Bitcoin. Because the reason is also quite clear, namely about accumulation that is more comfortable and also does not burden the user, so this strategy can be used at any time and by anyone. But at this time there are also some people who use other strategies when they want to collect Bitcoin with goals that are not much different from the people who use this strategy, so this also needs to be looked at and understood well because the goals are almost the same.

[Kwarkam]

Yes exactly DCA strategy is not only for the poor as @finepoine0 claims, as a matter of fact DCA is for everyone because there is no place that it is stated that a certain amount for the poor is used to accumulate. DCA is adjustable base on ones financial capacity, meaning anyone can accumulate as low as $5 and above $200 per week base on the persons source of income and the amount he or she has in discretion, so surely DCA is not for only the poor but it is a strategy that is suitable for any class or set of human being. provided that they can afford as low as $5. And $5 Bitcoin being the least amount to accumulate in DCA doesn't make it a poor people Investment strategy.

Precisely! DCA is not a "poor people" strategy because it is all about consistency and discipline. The beauty of DCA is that it allows investors to benefit from both market highs and lows, resulting in an average cost basis. This means that, over time, investors can build a substantial portfolio regardless of their initial financial status.
Also, the concept of DCA is not limited to any specific amount. It can be tailored to fit any budget, and that's why it's suitable for investors across the income spectrum. 💲💲💲

If you look at it though, DCA helps investors avoid making emotionally-driven decisions that can actually lead to disastrous results. By investing a set amount regularly, investors are forced to stick to their strategy regardless of market fluctuations, which can help eliminate the fear and greed that often accompany volatile markets.

Moreover, DCA can help reduce the impact of market timing.

[Tmoonz]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

What put you in to a higher overall return is the amount or quantity of Bitcoin you have and long you were able to hold irrespective of when you make your Bitcoin purchase whether when it was in higher or lower price, your narrative speak much of buying at the dip which doesn't make much of the difference with those buying at the peak price if only the intention is to hold for long term, moreso a newbie shouldn't have any concern of the market condition but rather focused on maximizing every opportunities that shows it self in the market, with dca your are on time in the market without any form of timing the market. Irrespective of your strategy or strategies what is most important is having a good size of Bitcoin up to a reasonable amount and hold as long as possibly 4 to 10 years or more.

[Rabata]

The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin.

The DCA strategy is suitable for everyone from any group with any level of capital so it is very unobtrusive to continue to use by investors or by people who like to collect a certain amount of Bitcoin. Because the reason is also quite clear, namely about accumulation that is more comfortable and also does not burden the user, so this strategy can be used at any time and by anyone. But at this time there are also some people who use other strategies when they want to collect Bitcoin with goals that are not much different from the people who use this strategy, so this also needs to be looked at and understood well because the goals are almost the same.

No matter what one follows or implements, there is no obstacle. If he collects bitcoins he is definitely moving towards a goal. There are many people who get stuck after setting a target but I would advise them that DCA is definitely more useful than any other strategy for investing in Bitcoin. An investor can accumulate bitcoins at his convenience without any problem which can be problematic in the long run if done by any other strategy. Whether a rich or poor investor can keep a portion in regular use of bitcoins depending on his income at a particular time which can surely give high returns to the investor at the end of a particular period.

[Mayor of ogba]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

That is why bitcoin is different from other investments. In bitcoin investment, you don't need to fully understand how it works before you can start accumulating it. What newbies should be worried about is their personal finances. To know if they will have a discretionary fund, they will use and accumulate bitcoin. Buying bitcoin at a low price alone will not guarantee you a higher profit from your bitcoin investment; what will determine your profit is how long you were able to hold your bitcoin. Someone who holds bitcoin for the long term will get more x from his bitcoin investment than the person who holds it for the short term. For you to say that real investors only buy at the dip makes you sound more like a trader because they are the ones who are more concerned about buying bitcoin at the dip so that they can sell when bitcoin is high for short-term profit.

[JayJuanGee]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.

You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

There are some contradictions and ambiguities in the way that you are posting about getting started in bitcoin Ricardo11.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin.  Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..

so then again, surely we have an issue that already exists with so many people not having any price exposure to bitcoin, so there are likely way more people who just need to get started in their investment journey into bitcoin and to study it as they go.. especially with something that is so likely to be promising like bitcoin and with so many people either having no exposure at all or maybe just a little bit of price exposure... so yeah, no coiners and or low coiners wait to your own peril.. and if you are already in bitcoin and you are suggesting that they wait rather than jumping in, you are not really helping them in terms of what they likely should be figuring out to do.. even while each person is responsible for his/her own finances and price exposure to something like bitcoin... which is that the only way to prepare for the possibility of UP prices in bitcoin is to have some BTC rather than waiting and/or studying the matter or trying to be overly strategic in terms of the need to just get started and at least to get some while studying the matter - or run the risk of just waiting and coming to bitcoin much later when bTC prices are likely to be much higher than they are now.. even though yeah, none of us knows exactly about the future prices of bitcoin.

[Mayor of ogba]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

[laijsica]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

If a new bitcoin investor has a lump sum of money it can be easy for him to accumulate more stash in a short period of time. Basically if you want to invest in Bitcoin and get more profit, you should buy a lump sum. In addition DCA strategy allows you to regularly accumulate bitcoins which is the bulk of disposable income. If your floating money is sufficient. You may find it difficult to get dips in terms of investment so you can start accumulating bitcoins through DCAing. For a long time.

[JayJuanGee]

These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

Both lump sum and DCA can be done in front-loading kinds of ways in which there is a kind of purposeful attempt to gather more bitcoin towards the beginning of the investment, whether that front loading is with a few lump sum investing or more aggressive DCA, but a person could have a timeline in which s/he is specifically trying to get a certain amount into bitcoin.. for example, he comes to bitcoin with an already investment portfolio of around $200k, he specifically would like to get 15% invested into bitcoin, but he wants to be careful in terms of how he might cash out of other assets that he has, so his target is to get $30k into bitcoin and maybe he wants to do it in 6 months or a year or some other kind of a fairly aggressive timeline, but he also may have some particular aspects in regards to assets that he already holds that he may or may not have flexibility with those other assets.. and so whether he ends up with $230k in his investment portfolio at the end of the investment (with $30k invested into bitcoin) or may he still has an investment portfolio of $200k, and yet he has taken away from some of his other investments in order to allocate the $30k towards bitcoin so in the second scenario he has $170k in other investments, so there can be a variety of ways that someone comes into bitcoin with a kind of front-loading lump summing and/or DCAing technique, and the particular ways that they hold their assets or the goals that they might want to achieve might well have to do with the resources that they already have (and how they are holding their value) at the time that they decide that they are coming into bitcoin.

[edited out]

I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.