Buy Bitcoin, and HODL!

[Mayor of ogba]

That is why most newbies investors sell off their holdings, because they initially thought that buying Bitcoin would make them rich in a very short period of time, which is never the case, and at the end, they were disappointed because the only way to achieve such feat, it's to hold for a very long period of time.

This mostly happens to newbies who see bitcoin investment as what gives huge profits in the short term. Newbies who want to invest in bitcoin must know bitcoin is not a quick-to-get-rich scheme, so they will not use their whole money to invest in bitcoin. Because any investor who uses his or her whole money to invest in bitcoin, thinking that he or she will get rich soon, will likely sell his or her bitcoin investment to survive because there will be no money left to cover his or her living expenses and unexpected problems. Newbies should always accumulate bitcoin with the money they can afford to lose or the money they can do without for a long time. They should also make provisions for emergency funds, reserve funds, and floats to have good control over their bitcoin investment and also solve their unexpected problems whenever they arise.

[Kwarkam]

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.

You raise several excellent points about the importance of getting started with Bitcoin and building up knowledge and exposure gradually. You are absolutely correct that the primary concern for those just starting out should be establishing an initial belief in Bitcoin as a viable investment opportunity and beginning to educate themselves about the cryptocurrency.

Many people remain hesitant to invest in Bitcoin, despite its potential, because they lack understanding or feel it's too complex. However, this can be mitigated by starting with a small initial investment, as you suggest.Indeed, the real risk for potential Bitcoin investors is waiting too long and missing out on the potential gains that could come from getting in early. As you mentioned, the only way to prepare for the possibility of Bitcoin prices going up is to actually own some.

It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket. This way, even if Bitcoin doesn't perform as expected, they have other investments to fall back on.
Newbies in Bitcoin should actually put their thoughts, not on the technicalities of Bitcoin, but mostly on their financial strengths, and reliability of the investment as every other investor should.
New Bitcoin investors shouldn't worry too much about the technical intricacies of Bitcoin or trying to predict market movements in the short term. In the initial stages, it's much more important to focus on understanding the fundamentals of Bitcoin, such as its decentralized nature, limited supply, and potential use cases.

While it's certainly beneficial to stay up-to-date on Bitcoin news and developments, trying to time the market or predict short-term price fluctuations can lead to unnecessary stress and potential mistakes.
That's in my opinion that is.  Well, there are other things a 'new coiner' should focus on though.
I think lowcoiners should focus more on holding and stuff like that, instead of market predictions and chasing the wind.

[Marvelockg]

 Of course, Bitcoin is unlikely to grow as quickly and rapidly as it did in 2009-2013, but it will help in the fight against inflation   . You know, inflation is a beast that never sleeps and constantly eats away at your savings.

is the index for making this assumption a function of what's playing out these few months after this halving or you have another bases for assuming that Bitcoin would not do too well like it did in 2009 to 2013? If you're making a four year speculation on what Bitcoin price would likely be, isn't it better to compair it to the previous circle rather conspiring it to the period when Bitcoin was almost close to being valueless? And again, understand that it's deficult to make analysis on what played out at the time when Bitcoin value was close to nothing and what was more pupolar about it was that it had the ability to preserve wealth, help in carrying out international transaction and volatility was not of serious concern to her users at the time. The thing is, no one is even expecting such rate of bull to happen at this phase that Bitcoin has gotten to and that's the reason why we emphasize more about Buying enough Bitcoin now such that even if in the next four years it only gets to $200k, because you've bought a good amount of it, it places you in a good profit region. even with the few months i have been in this system, i have witnessed Bitcoin going from $35k to $73k and now revolving about $60k to $60k. Isn't that a literal 2x that it just had in less than no time ago? If one had gathered around $20k worth of Bitcoin some months again when Bitcoin was less than $39k, wouldn't it have given yhe person a profit of at least a $15k? Which other investments have the potential of yielding such worth within such space of time?

But if you got into the industry to turn your 1 year's savings into the equivalent of 10 years of income, then I doubt that Bitcoin is the best vehicle for such transformations. Over time, Bitcoin will most likely fluctuate in a multi-year flat pattern.

generally, you don't get the dividend of an investment after putting in your resource for one year. It doesn't work that way even in real estate or in any other investment option you're considering and the reality is that for Bitcoin, apart from institutions, it's deficult for an individual to gather a good amount of Bitcoin that would place him in profit after one year of DCA. One year investment should be more like setting the foundation right and ensuring that you've made all the mistakes you're expected to make in terms of being consistent with your investment for the long term. And the thing is that even if at the end of the day Bitcoin don't become too bullish as most investors anticipate, you're certain that you've stored your value against the effect of inflation just like you've rightly said.

[Justbillywitt]

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.

The truth is that dip happens every time in the market, it is what the investor is expecting that's the might differs. The level of dip that the investor is looking for is what's going to determine if he/she is going to keep waiting for long. If you check the bitcoin price movement in coingecko or coinmarketcap, you will see that in every 24 hours there is always a high and the low, so if an investor is waiting for a dip it will be difficult to actually know what kind of dip he is looking for. Dip is a sharp drop in price of bitcoin, so if bitcoin was trading at $70,000 and within the next 2 hours it now starts trading at $68k or $65k that's a dip, although the investor who's waiting for the dip might not see it as a reasonable dip, but in the actual sense dip has really happened. So for me it's not just enough to say you are waiting for the dip without being specific on the level of dip you are waiting for.

[Chiomaobi]

[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.

Yeah I will, and I'm happy that I started than waiting  to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.

[Kliss]

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.

The truth is that dip happens every time in the market, it is what the investor is expecting that's the might differs. The level of dip that the investor is looking for is what's going to determine if he/she is going to keep waiting for long. If you check the bitcoin price movement in coingecko or coinmarketcap, you will see that in every 24 hours there is always a high and the low, so if an investor is waiting for a dip it will be difficult to actually know what kind of dip he is looking for. Dip is a sharp drop in price of bitcoin, so if bitcoin was trading at $70,000 and within the next 2 hours it now starts trading at $68k or $65k that's a dip, although the investor who's waiting for the dip might not see it as a reasonable dip, but in the actual sense dip has really happened. So for me it's not just enough to say you are waiting for the dip without being specific on the level of dip you are waiting for.

Timing the market with those DIP can be a real challenge, the stress of watching and waiting for perfect entry point can definitely keep investors in their toes because the uncertainty of whether the price will continue to drop or bounce back. DIPs are like those sudden drops in price, Waiting to invest during DIP depends on how much  the investor is ready to lump-sum. It's all about what you are comfortable with and how much you are willing to put in. If you're aiming for a big dip way below the current price, it might not always hit that mark or drop to your desired level. But if you're cool with a smaller dip and have the cash ready to put in, then that could work just fine for you.

DCA is more Conservative approach involving regular investment regardless of market performance, DCA is like playing it safe with those regular investments, no matter what the market's up to. It's all about that steady approach to even out the bumps along the way.  the beauty of DCA no need to stress about timing the market or constantly watching for that perfect moment to jump in. It takes the pressure off and lets you focus on steadily building your investment over time without all the market watching.

Combination of the both strategies can be a great approach using DCA as the foundation and occasionally buying the dip with a portion of your funds. It's like having that steady, consistent approach with DCA while also seizing those opportunities when prices take a tumble.

[Frankolala]

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.

For those who are new to bitcoin investing, I must say that before investing in bitcoins, you need to acquire enough knowledge about bitcoin.

A new beginner who wants to invest in bitcoin does not need to acquire enough knowledge before he starts investing. He should start right away as long has he has his money ready. The reason is the there is no time wasting in learning too much about bitcoin and use that to deprive your from starting your bitcoin journey right away. This is because you can be learning about bitcoin as you are accumulating and growing your bitcoin investment.

You are already late to bitcoin so why do you still want to delay the opportunity that you have to start and grow your portfolio overtime. Bitcoin knowledge is complex and cannot be learnt in one year, and since you are on a long term journey, you only need to know the basic which is how to buy and which wallet to use that is safe to store your bitcoin, and how to transfer your bitcoin to your self custody wallet, cold storage is the best. Whatever area of bitcoin that you are interested in, you can learn it with ease and not in a rush because your are accumulating continuously.

A new investor that has a good financial management and always save money in the bank or anywhere for a long time whenever he gets paid, will easily invest in bitcoin using DCA strategy by putting that amount of money that he is always saving into buying bitcoin regularly weekly or monthly consistently and persistently. For those new beginners who are not used to saving some part of their income, what they need is to make a proper calculation on how much of their discretionary income that they will use to buy bitcoin that will make them be able to invest regularly and increase their bitcoin portfolio overtime.

It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket.

It is not important to diversify your bitcoin portfolio into other assest that is not in the same line with bitcoin. It is a matter of choice by that  investor. You should also note that a new beginner in his bitcoin journey or a low coiner should not think of diversifying and should only focus on one investment which is building his bitcoin portfolio to a certain level before he diversify if he chooses to do so. If in the early age of your bitcoin journey, you start diversifying, you will lose focus on which investment to focus on and that will lead to a poor outcome in the long run due to lack of proper planning before diversifying.

[bestcoins1]

Yeah I will, and I'm happy that I started than waiting  to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.

Initial experiments will always be a very valuable lesson for anyone and you are one of those people who can have more luck if you believe in investing in Bitcoin as long as possible. Because your task will not be difficult enough for this, namely just buying Bitcoin as much as you can while studying it over time for a deeper and more knowledge of Bitcoin. And you must be confident in the decision you make because you have found a pretty good way to invest in Bitcoin without any doubts or complaints that are not important for the long term.

[JayJuanGee]

[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.

Exactly, gaining more knowledge and being very observant during one's accumulating years is very necessary because it is assumed that after 4 years one must have undergone thorough study of how Bitcoin investment works so for someone that have been using the DCA to buy Bitcoin at regular intervals, can decide either to increase their DCA depending on his capacity through his income in-flow because if one has started earning higher and sees the need to increase their DCA amount or have some reserved funds incase of a DIP then it is also left for such investor to begin to use different accumulating strategy like the lump summing as these strategies helps in building huge portfolios and owning a high amount of Bitcoins unlike the regular DCAing. Bitcoin investment is just about being able to understand the activities of the market at a particular period of time.

You are not incorrect in anything that you are saying Btcdeybodi, yet you seem to make the process of the first four years of investing in bitcoin to sound more magnanimous than it may well be in terms of each of us likely coming from different places in terms of our investments and/or starting points, and so it could well be that someone comes into bitcoin and is brand new to any kind of investing into anything, and there are also folks who come into bitcoin and have already experienced other kinds of investing, so they are adding bitcoin into the mix of their already existing investments.  .. so surely, I don't necessarily mind presuming and/or exploring cases in which people might be completely new to both investing and new to bitcoin, yet it still remains dangerous to presume too much of that without specifically pointing that out to be our presumptions.. and if we are getting to a place in which someone is brand new to both bitcoin and to investing, I really have my doubts about their making magnanimous progress within a 4 year timeline, even if 4 years might be enough time for them to really to get the hang of managing their finances (and psychology) and likely putting in place good systems of cashflow management, such as establishing and managing of an emergency fund, reserves and their monthly cash floats.  Those kinds of practices can be decently established in 4 years, but not necessarily expecting to become rich or even to be in any kind of meaningful profits with your bitcoin investment.

No matter what when we add some kind of a new investment into our practices, we are likely going to be attempting to learn along the way, and there may well be some aspects of bitcoin that we do not really realize that we do not know until we have been looking into bitcoin for a while and have studied and thought about it. 

I do consider that many times people overly emphasize how much we need to know about bitcoin in order to invest into it, when the more important learning points remain learning about ourselves, our finances, our psychology and how to manage our cashflow, including our bitcoin investment, even though surely there are some special aspects of bitcoin that are also worthy of learning - especially since bitcoin is a paradigm shifting asset class that is quite unique and it could take several years  (beyond merely 4 years) to wrap our heads around having a better understanding in regards to how bitcoin differs from other investment options that we might have when we start in bitcoin or other investment opportunities that might come to us during our first 4 years involved in bitcoin.. and will we get distracted or not or will we be able to keep ourselves with some kind of a meaningful focus that is tailored to our personal circumstances.

Your seeming presumption about making a lot of progress over 4 years of investing into bitcoin may well be overly presumptuous, since it could take 20 years or more for someone to really meaningful and significantly build up an investment (whether bitcoin or any other investment or even if we might consider that there are possibilities that our bitcoin investment could end up paying off in a shorter period of time than other places that we might put our value.. without guarantees, either), so we cannot necessarily presume that someone coming into bitcoin is going to become totally transformed into riches in 4 years, and it could even be the case that 4 years of investing into bitcoin has not actually realized a whole lot of progress (and maybe not even being in profits).. but still there could be values in terms of going through such a process of investing, learning about yourself and organizing yourself.

Regarding your ideas of lump sum investing opportunities..  frequently the consideration of lump sum opportunities might come in the very beginning of an investment, but surely as you suggested, there could be opportunities for lump sum investing at various points down the road too.. yet at the same time, the longer that anyone is in bitcoin, then there would be a bit of a presumption that such person had already been building up his/her bitcoin stash including that how and the extent to which the bitcoin stash is being built up (in comparison to any other investments - including cash reserves that the person has) is going to help to inform that person in regards to future actions in terms of if some lump sum amounts of money might suddenly come available and then there might already be a system in place so that the lump sum extra amounts might be able to be plugged into bitcoin in full or perhaps in part.. and with discretion and insight regarding whether and how to employ lump sum investment opportunities if they might come later down the road rather than coming in the very beginning stages of a bitcoin investment period.

[edited out]

It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket. This way, even if Bitcoin doesn't perform as expected, they have other investments to fall back on.

That is not true.  There is no need to diversify for the mere sake of diversification.. especially for newbies.

Newbies in Bitcoin should actually put their thoughts, not on the technicalities of Bitcoin, but mostly on their financial strengths, and reliability of the investment as every other investor should.

You seem to be contradicting yourself a bit.  Sure, newbies may well need to figure out their own finances and their psychology.. but you seem to be focusing also on some kind of need to understand the underlying investment (which is bitcoin in this case).

New Bitcoin investors shouldn't worry too much about the technical intricacies of Bitcoin or trying to predict market movements in the short term. In the initial stages, it's much more important to focus on understanding the fundamentals of Bitcoin, such as its decentralized nature, limited supply, and potential use cases.

Maybe I kind of agree with you here.., even though you are saying it in a bit of a weird way.

I think the main point is get started and learn along the way.. and also if there is discomfort with the amount of bitcoin knowledge, or even discomfort with the person's (newbie's) financial / psychological status, then adjust the investment amount into bitcoin downwardly while learning about bitcoin and to be able to feel that s/he is not overly investing in such a way that it is going to contribute towards either financial and/or psychological stress.

While it's certainly beneficial to stay up-to-date on Bitcoin news and developments, trying to time the market or predict short-term price fluctuations can lead to unnecessary stress and potential mistakes.
That's in my opinion that is.  Well, there are other things a 'new coiner' should focus on though.
I think lowcoiners should focus more on holding and stuff like that, instead of market predictions and chasing the wind.

Surely I agree with you in regards to the earliest of bitcoin accumulation stages which may be 4-10 years or longer depending on how aggressi vely that a newbie is able to invest into bitcoin, so yeah, maybe after several years investing into bitcoin, s/he might be able to start to consider market timing kinds of matters.. but yeah, in the very earliest of BTC accumulation stages there may well be hardly any need to really think too much about timing of the market...

Let's say for example that a newbie gets started in bitcoin and decides to invest 10% of his/her salary into bitcoin and with that rate of investment, it is going to take right around 10 years to have 1 year's worth of salary invested into bitcoin, and so we cannot necessarily presume that bitcoin values are going to out pace the rate of inflation, so after 10 years we may well ONLY have an investment that is right around 1 year's worth of salary (expenses)...   I have a hard time considering that someone that ONLY has around 1 year's salary invested into bitcoin would really be in a strong financial situation to start to time the market, even though surely folks are able to engage in their own analysis including it makes way more sense to analyze where someone is actually at after 4-10 years or longer rather than speculating about it, so in that regard, the analysis makes more sense when it is based on the data that accounts for where the person is actually at rather than where the person may or may not be.. and of course, we can also choose our level of aggressiveness in order to attempt to try to get to a stronger financial and/or psychological situation faster,

and so for example a person who invests 25% of his salary into bitcoin is going to reach 1 years of salary in right around 4 years, so the time is drastically reduced when a person develops the capacity to invest higher percentages of his/her salary (by either increasing income or reducing expenses), and yeah, not all people are able to invest anywhere close to 25% of their salary, and there are so many folks who struggle (and/or are not ready, willing or able) to even invest somewhere in the ballpark of 10% of their salary into something like bitcoin.. so surely some folks might speculate that investing is easy, but it takes a quite a bit of efforts to both establish a system and then to employ such system while at the same time not being tempted to be dipping into one's investment prior to allowing their investment with the passage of time to continue to grow... poor people can really be tempted to dip into their investment portfolio and to borrow from it or to  take profits or some other short-sighted nonsense that they might not realize and/or appreciate the negative consequences of their inabilities to refrain from dipping into their investment portfolio (whether bitcoin or anything else.. here we are talking about bitcoin, of course).

[edited out]

You are already late to bitcoin so why do you still want to delay the opportunity that you have to start and grow your portfolio overtime. Bitcoin knowledge is complex and cannot be learnt in one year, and since you are on a long term journey, you only need to know the basic which is how to buy and which wallet to use that is safe to store your bitcoin, and how to transfer your bitcoin to your self custody wallet, cold storage is the best. Whatever area of bitcoin that you are interested in, you can learn it with ease and not in a rush because your are accumulating continuously.

Probably the most basic thing to learn in the beginning is whether you have discretionary income or not.. and if you determine that you do, then you can figure out how much to buy, and so you have to figure out from where to buy it.

Now if you are starting out by buying $10 to $200, then maybe there is no need to learn how to self-custody.. so self-custody and wallet use may well be learned later down the road... maybe even after already buying bitcoin for several months, maybe even a year.. depending on how much you might be buying and/or if it might become justifiable to hold your coins in self-custody.

Don't get me wrong, I consider self-custody to be a very self-empowering part of bitcoin, but self-custody and/or learning about self-custody surely are not prerequisites to getting started in bitcoin.

A new investor that has a good financial management and always save money in the bank or anywhere for a long time whenever he gets paid, will easily invest in bitcoin using DCA strategy by putting that amount of money that he is always saving into buying bitcoin regularly weekly or monthly consistently and persistently. For those new beginners who are not used to saving some part of their income, what they need is to make a proper calculation on how much of their discretionary income that they will use to buy bitcoin that will make them be able to invest regularly and increase their bitcoin portfolio overtime.

Surely, these are the basic ideas that any investor needs to know or learn in the beginning of investing, and surely some new investors might not already have good cash management practices or even clear ways of understanding the extent to which they have discretionary income and how to manage their discretionary income in such a way that they are able to invest with some of their discretionary income.

It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket.

It is not important to diversify your bitcoin portfolio into other assest that is not in the same line with bitcoin. It is a matter of choice by that  investor. You should also note that a new beginner in his bitcoin journey or a low coiner should not think of diversifying and should only focus on one investment which is building his bitcoin portfolio to a certain level before he diversify if he chooses to do so. If in the early age of your bitcoin journey, you start diversifying, you will lose focus on which investment to focus on and that will lead to a poor outcome in the long run due to lack of proper planning before diversifying.

Yep.. bitcoin and cash are the two main categories in order to start investing, and surely if any beginner starts to get into other investments, then there may well both be a loss of focus and a dilution of funds... so surely as you stated Frankolala, there is no need to consider diversification as any kind of necessary prerequisite, and considering diversification surely can both be distracting and counter-productive for the  newest of investors.

[Obim34]

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.

The truth is that dip happens every time in the market, it is what the investor is expecting that's the might differs. The level of dip that the investor is looking for is what's going to determine if he/she is going to keep waiting for long. If you check the bitcoin price movement in coingecko or coinmarketcap, you will see that in every 24 hours there is always a high and the low, so if an investor is waiting for a dip it will be difficult to actually know what kind of dip he is looking for. Dip is a sharp drop in price of bitcoin, so if bitcoin was trading at $70,000 and within the next 2 hours it now starts trading at $68k or $65k that's a dip, although the investor who's waiting for the dip might not see it as a reasonable dip, but in the actual sense dip has really happened. So for me it's not just enough to say you are waiting for the dip without being specific on the level of dip you are waiting for.

You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

[promise444c5]

Timing the market with those DIP can be a real challenge, the stress of watching and waiting for perfect entry point can definitely keep investors in their toes because the uncertainty of whether the price will continue to drop or bounce back. DIPs are like those sudden drops in price, Waiting to invest during DIP depends on how much  the investor is ready to lump-sum. It's all about what you are comfortable with and how much you are willing to put in. If you're aiming for a big dip way below the current price, it might not always hit that mark or drop to your desired level. But if you're cool with a smaller dip and have the cash ready to put in, then that could work just fine for you.

DCA is more Conservative approach involving regular investment regardless of market performance, DCA is like playing it safe with those regular investments, no matter what the market's up to. It's all about that steady approach to even out the bumps along the way.  the beauty of DCA no need to stress about timing the market or constantly watching for that perfect moment to jump in. It takes the pressure off and lets you focus on steadily building your investment over time without all the market watching.

Combination of the both strategies can be a great approach using DCA as the foundation and occasionally buying the dip with a portion of your funds. It's like having that steady, consistent approach with DCA while also seizing those opportunities when prices take a tumble.

DCA itself give the advantage of buying the DIP so it's more than a single strategy you don't need to worry about catching the dips  that mush as that is already covered in your regular intervals of investment plans, it just that sometimes  a DIP might come short and we might  have a new pump following, it's unlikely  to determine  those short DIPs so if an investor has a disposable fund to get it then he/she  can do it without affecting  his/her DCA plan within that period...

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.

Yeah I will, and I'm happy that I started than waiting  to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.

Glad you did... Remember learning  never stops even when you think you know , there's will always be a need to learn more and  refresh your knowledge by staying upto date,  for example in technicals new stuffs are been added maybe to compliment or replace , sometimes  serves as alternate to existings.. like in the case of address type [there're  more alternates now to the previous] so using someone who knows how address works 10 years ago... coming to present , such person needs to refresh his knowledge to stay  current with latest update [ in this case we can clearly affirm that Learning of bitcoin never stop] so keep learning.

[JayJuanGee]

[edited out]

You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

We might be going through consolidation for nearly 4 months, but I doubt that "stable" is any kind of an accurate way of describing BTC prices or BTC price dynamics.

[Felicity_Tide]

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.

As the replies keep getting deeper, I realize that there are two points of view most replies are coming from:

1. A situation where the investor has the will to keep investing and holding with no plans of stopping or no specific time to quit.
2. A situation where the investor has a specific time frame for investing and holding.

Now let me make reference to these two.

Aside from Bitcoin investment, there are certain people in the world today who make massive investments in several projects with the mindset of doing it just for future benefits. Mind you, just for future benefits doesn't mean they already have plans on how to spend or use their profits. The ability for them to make such long term investments is because they prioritize investment over profits, and not profit over investment. Let me give an example:

Let's take a scenario of someone who has realized the future potential of Bitcoin and decides to invest in it. Due to how well this person understands long term investment, he or she won't have the urge or plan to tamper with the Bitcoin investment along the line because of the high priority placed on making investments only. Some of us here might have been in such situations, especially when it comes to alt. We sometimes invest massively but have no interest in spending it. We might even forget the seed phrase where those coins are kept.

Being able to do this is not for everyone. The ability to make your present profit a lesser priority and your continuous investment a major priority would enable you to invest longer.

As for the second point, the very moment an investor drafts a specific time frame for investing and holding, then getting quick profits becomes the number one priority rather than investing and holding for long term.

I am not saying that making profits is bad. But what we choose to prioritize most will determine how long we can invest. When we prioritize consistent investment and holding over making profits, we tend to invest for long term. But, when we prioritize profits over consistent investment and holding, we tend to invest for only a short period of time, and any ATH might even end our investment.

[JayJuanGee]

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.

As the replies keep getting deeper, I realize that there are two points of view most replies are coming from:

1. A situation where the investor has the will to keep investing and holding with no plans of stopping or no specific time to quit.
2. A situation where the investor has a specific time frame for investing and holding.

Now let me make reference to these two.

Aside from Bitcoin investment, there are certain people in the world today who make massive investments in several projects with the mindset of doing it just for future benefits. Mind you, just for future benefits doesn't mean they already have plans on how to spend or use their profits. The ability for them to make such long term investments is because they prioritize investment over profits, and not profit over investment. Let me give an example:

Let's take a scenario of someone who has realized the future potential of Bitcoin and decides to invest in it. Due to how well this person understands long term investment, he or she won't have the urge or plan to tamper with the Bitcoin investment along the line because of the high priority placed on making investments only. Some of us here might have been in such situations, especially when it comes to alt. We sometimes invest massively but have no interest in spending it. We might even forget the seed phrase where those coins are kept.

Being able to do this is not for everyone. The ability to make your present profit a lesser priority and your continuous investment a major priority would enable you to invest longer.

As for the second point, the very moment an investor drafts a specific time frame for investing and holding, then getting quick profits becomes the number one priority rather than investing and holding for long term.

I am not saying that making profits is bad. But what we choose to prioritize most will determine how long we can invest. When we prioritize consistent investment and holding over making profits, we tend to invest for long term. But, when we prioritize profits over consistent investment and holding, we tend to invest for only a short period of time, and any ATH might even end our investment.

You bring up some decent points Felicity_Tide, yet I doubt whether your framework is correct...

It is quite likely that you are comparing investing versus trading rather than two kinds of investing.

There would really be no reason for any bitcoin investor to have any specific time-frame for getting out or when to get out or how to get out, but surely it does not hurt to come into something like bitcoin with at least a 4 year timeline, so then the 4-10 years or longer idea may well come into play, so that if there might be some specific kinds of reasons that a person might consider that there might be some reason to start to draw upon his investment somewhere after 4 years whether it is based on some age considerations or maybe some kind of a purchase that he might want to make (such as someone saving up for a house or something like that).

When we are talking about timelines that are less than 4 years then we are back to trading rather than investing, even if you want to call it investing, I have my doubts about the appropriateness of "investing" as a label.

Also, I am not sure what you mean about "especially when it comes to alt" when this is not even a thread that remotely relates to alts..  We are talking about bitcoin here, so why the fuck would we want to consider some kind of a base consideration that involves alts, which also shows that you (Felicity_Tide) may well be distracted in your own assessment regarding the point(s) that you may well be wanting to make.

[Felicity_Tide]

As the replies keep getting deeper, I realize that there are two points of view most replies are coming from:

1. A situation where the investor has the will to keep investing and holding with no plans of stopping or no specific time to quit.
2. A situation where the investor has a specific time frame for investing and holding.

Now let me make reference to these two.

Aside from Bitcoin investment, there are certain people in the world today who make massive investments in several projects with the mindset of doing it just for future benefits. Mind you, just for future benefits doesn't mean they already have plans on how to spend or use their profits. The ability for them to make such long term investments is because they prioritize investment over profits, and not profit over investment. Let me give an example:

Let's take a scenario of someone who has realized the future potential of Bitcoin and decides to invest in it. Due to how well this person understands long term investment, he or she won't have the urge or plan to tamper with the Bitcoin investment along the line because of the high priority placed on making investments only. Some of us here might have been in such situations, especially when it comes to alt. We sometimes invest massively but have no interest in spending it. We might even forget the seed phrase where those coins are kept.

Being able to do this is not for everyone. The ability to make your present profit a lesser priority and your continuous investment a major priority would enable you to invest longer.

As for the second point, the very moment an investor drafts a specific time frame for investing and holding, then getting quick profits becomes the number one priority rather than investing and holding for long term.

I am not saying that making profits is bad. But what we choose to prioritize most will determine how long we can invest. When we prioritize consistent investment and holding over making profits, we tend to invest for long term. But, when we prioritize profits over consistent investment and holding, we tend to invest for only a short period of time, and any ATH might even end our investment.

You bring up some decent points Felicity_Tide, yet I doubt whether your framework is correct...

It is quite likely that you are comparing investing versus trading rather than two kinds of investing.

My emphasis on profits seems to hinder the actual message I was trying to pass. I wasn't actually trying to bring this from the angle of trading.

For the first point, I was trying to say that: even if Bitcoin gets to a ATH along the line of someone's investment, giving him/her the impression that they've gotten more than what they invested, it still doesn't affect the long term decision of the investor in anyway.

For the second point, I was trying to say that: when some investor realize that they've gotten more than what they've Invested, it has a way of affecting their decisions on whether to continue or stop investing.

Which I then trace back to what an investor might prioritize most.

There would really be no reason for any bitcoin investor to have any specific time-frame for getting out or when to get out or how to get out, but surely it does not hurt to come into something like bitcoin with at least a 4 year timeline, so then the 4-10 years or longer idea may well come into play, so that if there might be some specific kinds of reasons that a person might consider that there might be some reason to start to draw upon his investment somewhere after 4 years whether it is based on some age considerations or maybe some kind of a purchase that he might want to make (such as someone saving up for a house or something like that).

Sure. 4-10 years isn't bad in anyway.

When we are talking about timelines that are less than 4 years then we are back to trading rather than investing, even if you want to call it investing, I have my doubts about the appropriateness of "investing" as a label.

Oh, I get it now. In other sense, the set of people who fall in point 2 should be treated as traders rather than investors.

Also, I am not sure what you mean about "especially when it comes to alt" when this is not even a thread that remotely relates to alts..  We are talking about bitcoin here,

My intention was not to talk about alts, but rather to use it as a simple reference. I couldn't find a better reference that everyone could easily understand and would also fit the context , but I guess I must edit and fill it with something random so It doesn't deviate in anyway.

[Chiomaobi]

Timing the market with those DIP can be a real challenge, the stress of watching and waiting for perfect entry point can definitely keep investors in their toes because the uncertainty of whether the price will continue to drop or bounce back. DIPs are like those sudden drops in price, Waiting to invest during DIP depends on how much  the investor is ready to lump-sum. It's all about what you are comfortable with and how much you are willing to put in. If you're aiming for a big dip way below the current price, it might not always hit that mark or drop to your desired level. But if you're cool with a smaller dip and have the cash ready to put in, then that could work just fine for you.

DCA is more Conservative approach involving regular investment regardless of market performance, DCA is like playing it safe with those regular investments, no matter what the market's up to. It's all about that steady approach to even out the bumps along the way.  the beauty of DCA no need to stress about timing the market or constantly watching for that perfect moment to jump in. It takes the pressure off and lets you focus on steadily building your investment over time without all the market watching.

Combination of the both strategies can be a great approach using DCA as the foundation and occasionally buying the dip with a portion of your funds. It's like having that steady, consistent approach with DCA while also seizing those opportunities when prices take a tumble.

DCA itself give the advantage of buying the DIP so it's more than a single strategy you don't need to worry about catching the dips  that mush as that is already covered in your regular intervals of investment plans, it just that sometimes  a DIP might come short and we might  have a new pump following, it's unlikely  to determine  those short DIPs so if an investor has a disposable fund to get it then he/she  can do it without affecting  his/her DCA plan within that period...

Buying Bitcoin with the use of the DCA method doesn't necessarily mean that you have to buy during the DIP, as a matter of fact, at the different times you will eventually make your buys, there will come several moment when you will buy at an higher amount and other moment when you will buy at a lower amount but what's important is that  the DCA methord helps you to consistently buy your Bitcoin over a long period of time which will help compound into a good amount of Bitcoin in the long run.

If you're doing your DCA, it doesn't really have to be a serious concern to you if there will be any special DIP during this month or not. It's just best you set out your scheduled amount and time that you are going to buy Bitcoin and then stick with it. Most of the DIP that happens within a month don't in most cases exceed $10k or so and apart from some special when we've experienced a sharp upward move in the price of Bitcoin, whatever time within the month you choose to buy your Bitcoin is still always going to be okay. if we look at the Bitcoin price movement as at last month for instance, there were certain times it went DIP to around $60k and other time it went up close to $70k but if you're being realistic, you know that if you're doing monthly DCA, you only have  to buy just once in a whole month and so it's not even necessary to stress yourself about what price within the month is DIP enough for you to make your buys. Same is what's applicable for those doing weekly DCA as they can only make four buys within the month which means it's not even wise to attempt timing the price before making any buy.

As long as you're buying your Bitcoin for the sake of holding it for the long term, even if you buy at $60k, $70k $80k or even $100k and you do it consistently for a period of ten years and Bitcoin manage to get to $150k or above, it's still a very profitable investment because you've at one point preserved your wealth for future use and in addition to that, you've made a good reward out of it most expecially if within this timeframe you've been able to buy a good amount of Bitcoin.

[GigaBit]

Yeah I will, and I'm happy that I started than waiting  to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.

Initial experiments will always be a very valuable lesson for anyone and you are one of those people who can have more luck if you believe in investing in Bitcoin as long as possible. Because your task will not be difficult enough for this, namely just buying Bitcoin as much as you can while studying it over time for a deeper and more knowledge of Bitcoin. And you must be confident in the decision you make because you have found a pretty good way to invest in Bitcoin without any doubts or complaints that are not important for the long term.

Of course, if you are not confident, it is not possible to invest there. Moreover, when it is possible to establish complete trust, only then the investor will be satisfied with the investment. DCA strategy is more effective than other strategies in investing in Bitcoin. An investor has the opportunity to invest in Bitcoin according to his/her ability. If necessary he can take a temporary break from his investment but those who keep on accumulating bitcoins regularly for a long term can benefit the most from bitcoins because if bitcoins are stored for a long time then the amount of bitcoins will increase for a certain period of time and also the price of bitcoins will increase in the long term. As a result an investor can benefit from both sides.

[Btcdeybodi]

[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.

Exactly, gaining more knowledge and being very observant during one's accumulating years is very necessary because it is assumed that after 4 years one must have undergone thorough study of how Bitcoin investment works so for someone that have been using the DCA to buy Bitcoin at regular intervals, can decide either to increase their DCA depending on his capacity through his income in-flow because if one has started earning higher and sees the need to increase their DCA amount or have some reserved funds incase of a DIP then it is also left for such investor to begin to use different accumulating strategy like the lump summing as these strategies helps in building huge portfolios and owning a high amount of Bitcoins unlike the regular DCAing. Bitcoin investment is just about being able to understand the activities of the market at a particular period of time.

You are not incorrect in anything that you are saying Btcdeybodi, yet you seem to make the process of the first four years of investing in bitcoin to sound more magnanimous than it may well be in terms of each of us likely coming from different places in terms of our investments and/or starting points, and so it could well be that someone comes into bitcoin and is brand new to any kind of investing into anything, and there are also folks who come into bitcoin and have already experienced other kinds of investing, so they are adding bitcoin into the mix of their already existing investments.  .. so surely, I don't necessarily mind presuming and/or exploring cases in which people might be completely new to both investing and new to bitcoin, yet it still remains dangerous to presume too much of that without specifically pointing that out to be our presumptions.. and if we are getting to a place in which someone is brand new to both bitcoin and to investing, I really have my doubts about their making magnanimous progress within a 4 year timeline, even if 4 years might be enough time for them to really to get the hang of managing their finances (and psychology) and likely putting in place good systems of cashflow management, such as establishing and managing of an emergency fund, reserves and their monthly cash floats.  Those kinds of practices can be decently established in 4 years, but not necessarily expecting to become rich or even to be in any kind of meaningful profits with your bitcoin investment.

No matter what when we add some kind of a new investment into our practices, we are likely going to be attempting to learn along the way, and there may well be some aspects of bitcoin that we do not really realize that we do not know until we have been looking into bitcoin for a while and have studied and thought about it.  

I do consider that many times people overly emphasize how much we need to know about bitcoin in order to invest into it, when the more important learning points remain learning about ourselves, our finances, our psychology and how to manage our cashflow, including our bitcoin investment, even though surely there are some special aspects of bitcoin that are also worthy of learning - especially since bitcoin is a paradigm shifting asset class that is quite unique and it could take several years  (beyond merely 4 years) to wrap our heads around having a better understanding in regards to how bitcoin differs from other investment options that we might have when we start in bitcoin or other investment opportunities that might come to us during our first 4 years involved in bitcoin.. and will we get distracted or not or will we be able to keep ourselves with some kind of a meaningful focus that is tailored to our personal circumstances.

Your seeming presumption about making a lot of progress over 4 years of investing into bitcoin may well be overly presumptuous, since it could take 20 years or more for someone to really meaningful and significantly build up an investment (whether bitcoin or any other investment or even if we might consider that there are possibilities that our bitcoin investment could end up paying off in a shorter period of time than other places that we might put our value.. without guarantees, either), so we cannot necessarily presume that someone coming into bitcoin is going to become totally transformed into riches in 4 years, and it could even be the case that 4 years of investing into bitcoin has not actually realized a whole lot of progress (and maybe not even being in profits).. but still there could be values in terms of going through such a process of investing, learning about yourself and organizing yourself.

Regarding your ideas of lump sum investing opportunities..  frequently the consideration of lump sum opportunities might come in the very beginning of an investment, but surely as you suggested, there could be opportunities for lump sum investing at various points down the road too.. yet at the same time, the longer that anyone is in bitcoin, then there would be a bit of a presumption that such person had already been building up his/her bitcoin stash including that how and the extent to which the bitcoin stash is being built up (in comparison to any other investments - including cash reserves that the person has) is going to help to inform that person in regards to future actions in terms of if some lump sum amounts of money might suddenly come available and then there might already be a system in place so that the lump sum extra amounts might be able to be plugged into bitcoin in full or perhaps in part.. and with discretion and insight regarding whether and how to employ lump sum investment opportunities if they might come later down the road rather than coming in the very beginning stages of a bitcoin investment period.

I like how detailed and voluminous your explanations are, however Bitcoin is a broad subject that we keep making improvements in different intervals of our investments and I know that 4 years is not enough to have a complete understanding about bitcoin but I was actually referring to a newbie who just started the accumulating process because within an interval of four years they should have had a literal knowledge about the right strategy to follow in every stage of their accumulating process and just like you said within 4 years interval it is expected that they should know how to manage their cash flows and how to split it in order to apply each strategy when the needs arises. Actually anyone who have made accumulations within just four years should not see themselves that they have arrived as within that interval is just like a road map that will lead to the profits making in the long time. At least before any investor can see themselves to have some stash of bitcoin should be from 10 years depending on the DCA amount that's for someone still very consistent in the strategy.

About lump summing opportunities, sure it can come at the early stage of one's investment but you can agree with me that someone who is new to Bitcoin investment may not have the idea of lump summing yet even when they have some reserved funds but within the periods of their investments, they can be understanding the activities of the market and see a need for lump summing during DIPs because at the beginning they may just have a literal understanding. We should not forget that lump summing at a DIP price also gives us more advantage to owning a huge portfolio especially in a very drastic DIP such that an investor can even decide to buy huge amount of Bitcoins at that point and continue with the DCA later on. However, the idea of lump summing always comes along the line when using the DCA because a beginner may not really have the idea at that early period of time except someone that just want to go all in their Bitcoin investment without considering the DCA.

[lepbagong]

Yeah I will, and I'm happy that I started than waiting  to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.

Initial experiments will always be a very valuable lesson for anyone and you are one of those people who can have more luck if you believe in investing in Bitcoin as long as possible. Because your task will not be difficult enough for this, namely just buying Bitcoin as much as you can while studying it over time for a deeper and more knowledge of Bitcoin. And you must be confident in the decision you make because you have found a pretty good way to invest in Bitcoin without any doubts or complaints that are not important for the long term.

Of course, if you are not confident, it is not possible to invest there. Moreover, when it is possible to establish complete trust, only then the investor will be satisfied with the investment. DCA strategy is more effective than other strategies in investing in Bitcoin. An investor has the opportunity to invest in Bitcoin according to his/her ability. If necessary he can take a temporary break from his investment but those who keep on accumulating bitcoins regularly for a long term can benefit the most from bitcoins because if bitcoins are stored for a long time then the amount of bitcoins will increase for a certain period of time and also the price of bitcoins will increase in the long term. As a result an investor can benefit from both sides.

Because they are sure that many invest, and it is also certain because it is profitable. I think you are very right to do the DCA scheme for a strategy of investing in bitcoin, because that is what can be done, because the price is indeed very expensive.
Investment in bitcoin is indeed for the long term because it usually always increases every 4 years and, coincidentally, next year is the period, and it is certain that many are waiting for a situation like this.
Be prepared to be able to get results from the investment you make for a long time and, finally, it will produce. Now is the time to hold and prepare your bitcoin.

[JayJuanGee]

[edited out]

I like how detailed and voluminous your explanations are, however Bitcoin is a broad subject that we keep making improvements in different intervals of our investments and I know that 4 years is not enough to have a complete understanding about bitcoin but I was actually referring to a newbie who just started the accumulating process because within an interval of four years they should have had a literal knowledge about the right strategy to follow in every stage of their accumulating process and just like you said within 4 years interval it is expected that they should know how to manage their cash flows and how to split it in order to apply each strategy when the needs arises. Actually anyone who have made accumulations within just four years should not see themselves that they have arrived as within that interval is just like a road map that will lead to the profits making in the long time. At least before any investor can see themselves to have some stash of bitcoin should be from 10 years depending on the DCA amount that's for someone still very consistent in the strategy.

About lump summing opportunities, sure it can come at the early stage of one's investment but you can agree with me that someone who is new to Bitcoin investment may not have the idea of lump summing yet even when they have some reserved funds but within the periods of their investments, they can be understanding the activities of the market and see a need for lump summing during DIPs because at the beginning they may just have a literal understanding. We should not forget that lump summing at a DIP price also gives us more advantage to owning a huge portfolio especially in a very drastic DIP such that an investor can even decide to buy huge amount of Bitcoins at that point and continue with the DCA later on. However, the idea of lump summing always comes along the line when using the DCA because a beginner may not really have the idea at that early period of time except someone that just want to go all in their Bitcoin investment without considering the DCA.

You are using the term lump summing differently from me.

From my point of view, saving extra money to buy the dip may or may not be a good strategy,  and from my point of view that is not lump summing... that is buying the dip. .there is no reason to call it lump summing merely because you are saving extra money for such buying the dip opportunities, which again may or may not be a good idea... especially for beginners who likely need to focus on stacking BTC without trying to guess about when dips might or might not come.. but sure you can do what you like in terms of holding back money to buy dips that may or may not pay off better than merely just ongoingly buying in a DCA kind of style.

There are already quite a few guys here who are coming around to understanding lump sum buying is different from buying the dip, and including that we either might come across extra money when we start to invest, or we might come accross extra money for a variety of reasons.. such as bonuses from work, inheritance, win the lottery, rearrange finances and realize that you hae more money than you thought that can be used for buying bitcoin. 

If you are combining the idea of lump summing and buying the dip, you may well not know what one or the other of those is since you are not able to distinguish them.

The same is true in terms of understanding the tradeoffs involved in regards to engaging in strict DCA versus holding some money aside for buying the dip.

I am not saying not to hold money aside, but likely there is hardly any need to hold extra money aside, especially in the first few years that you might be buying BTC, especially if you are ONLY buying through DCA and you might not be front loading your investment or lump summning from the start, so guys who might lump sum or front load from the start, may well find justification to also hold some cash aside for buying the dip and/or DCA'ing... I feel that I am repeating myself with these ideas so many times described why folks might supplement early lump summing and front loading with buying the dip and DCA but it may well might not be worth it to be saving money to buy the dip for those who are engaging in regular DCAing rather than those who front load their BTC investment.. need I give an example? of some one who might DCA $100 per week, but then if that person has $6k to invest right away, maybe that person invests $3k into bitcoin in a lump sum kind of way and then splits the other $3k into 50% buying the dip and 50% DCA..