Buy the DIP, and HODL!

[Promocodeudo]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

[Samlucky O]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor sometimes your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.

Surely the beginning of any investor may quit be difficult considering there level of disposable income expecially when the income generation from salary is not enough. But whatever be the case scenario, we must try as much as possible to start from somewhere and not being procrastinative due to inability of having a nice discretion before starting, maybe along the line we may be lucky enough to increase our disposable/discretionary fund,  to be able to buy the dip and lump sum and not only DCA.  even though DCA may be more preferable than others but all strategy works together to aid the accumulation process. because it is the most important thing in bitcoin accumulation and can never be neglected.

Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping

Although bitcoin may not be easy to predict due to its price fluctuations, wether high or low volatility our concern should be focused on accumulating more. Hence if others can accumulate alot of stashes in their portfolio I see no reason to think about the price of bitcoin.

[wxa7115]

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

edited

"Only buy something that you would be perfectly happy to hold if the market shut down for 10 years." Warren Buffett.

And that in a nutshell is what investing is about.

A great deal of all of those that consider themselves investors fail to meet its most minimum standards, with most of them being traders, aspiring traders or people that like to burn their money away, but whatever the case, it would be for the better if they stopped calling themselves investors, since many newbies read those kind of claims and mistakenly believe investing requires holding their bitcoin for a very short amount of time.

[Dickiy]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

[Ruttoshi]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

Taking a break will slow down your bitcoin target which is not a wise decision when trying to build your bitcoin investment as a brand new investor or a low coiner. This is why you must prepare for all possible case scenarios which is the good and worst case scenarios. A new investor needs to plan properly to make sure that he uses part of his discretionary income to buy bitcoin that will not affect his regular buying weekly or monthly so that he can always buy his bitcoin as budgeted. Consistency and persistence is very important when you are accumulating bitcoin no matter how small the amount you are using to buy is. If you stop buying because bitcoin if pumping or dumping means that you are not serious in accumulating more bitcoin fast.

No one can predict the price movement of bitcoin and that is why you are to invest in a long term using DCA to constantly buy irrespective of the price of bitcoin to enable you have a good size of bitcoin stash overtime. You can continue with your DCA regularly buying and at the same time re-access your buying pattern but not to stop buying. Only investors who have a good size of bitcoin portfolio can stop buying at a certain time because the price of bitcoin is high but they will always want to buy when the price of bitcoin dips because that is when they will buy in discount price.

A new investor is just to keep buying for 4-10 years and above. Bitcoin investment is for the future and the size of your bitcoin investment is what matters a lot because that is what will determine your profits overtime.

[Wind_FURY]

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

[Tungbulu]

My point frequently has been that even if it is good to have goals and even somewhat concrete goals, it is also not to necessary to get too obsessed with goals that you may or may not be able to reach, especially since we cannot really be sure of the price of bitcoin and the feasibility of reaching something like 1 BTC based on whatever budget that you have, and so you can largely just shoot for doing the best that you can - and so there are a variety of ways to measure that.. so even though i question the goal to reach 1 BTC, I am not opposed to it.. and even I had some kind of a BTC based goal when I started in late 2013, and I had largely surpassed my goal within the first year of my being in bitcoin, but that is largely based on the BTC prices going down in the first year that I was in BTC, so I continued to set goals that were somewhat based on BTC, but they were also somewhat random and not really pegged to anything, and so going through the process of both accumulating BTC and also going through some price waves and even rethinking of your thinking, any of us may well end up refining our earlier goals to be attempts to peg our goals to where we are at and to where the values had changed over time, so we might end up juxtaposing both dollar and BTC values and attempting to peg our goals based on where we are at.. which becomes more concrete especially after going through more than a whole cycle.

Yeah ready understand not to get obsessed with goals one may or may not be able to reach, when I started my bitcoin journey at first my goal was to accumulate till I have gotten myself some good bitcoin stashes like 4 BTC , but as time goes the began to increase and the chances of me hitting that goal was reducing also , but still I continue to strive till bitcoin got to this point, so I have to make some adjustments because if I continue with my previous goal I may endup being discouraged because bitcoin price may keep increasing, so I have to set a goal that won't take much years to hit , like for example I can set my first to be 0.5 BTC and if by any chances I endup hitting it I will increase it to 1 BTC which is my goal for now and after hitting I may decide to push further by adding more stashes. May be at that time I will focus on using lump-summing and buying the dip method to purchase.

Sure it might not be a bad idea to keep in mind some quantity of BTC that you would like to reach at various points in your bitcoin journey, yet for me, I tend to think about more concrete goals that I am able to reach that might involve ways to calculate your disposable income and then have amounts that you are able to invest within your disposable income in the coming 6 months to year, and surely even within the concept of disposable income, there are ways to be creative with that - which might involve something like making sure that you buy bitcoin every week (or some other period) no matter what, and surely there could be some ways that you might be able to incorporate buying the dip into your already existing accumulation system, yet lump sum buying largely relates to coming across extra money at various points in the year, and surely if you already have bitcoin buying systems and even bitcoin buying thinking in place, then you are likely in a much better position to incorporate lump sum buying with any extra cash that might end up coming in your direction.  One of the great things about receiving some kind of extra or surprise payment is that it can facilitate your being able to employ some BTC buying techniques that might have had previously been outside of your normal routine.. so guys who had previously been blowing their bonuses or buying stupid things with their bonuses, if you have a BTC buying plan in place, then receiving bonuses all of a sudden creates bitcoin investing opportunities for you that you had not previously considered as empowering.

Of course, when it comes to the BTC accumulation, being well organized even from the theoretical standpoint can make you feel surprisingly powerful. It creates consistency and discipline in the investment plan by determining the disposable income and the portion set aside regularly to invest in BTC.

Being able to incorporate the idea of buying the dip additively into your regular accumulation plan is even more of an improvement to the strategy. It offers an edge by leveraging on lower prices when they are available, although your basic strategy is not solely pegged on DIPs, which may be unpredictable.

As identified, lump-sum buying can therefore indeed be a strong addition to the normal BTC buying plan. It also helps when you receive some amount of money which is not expected, for instance bonuses and other forms of windfalls, one already has a BTC investment plan that is followed as opposed to going on a spending spree.

These methods simply become a part of your planning, execution and schedule, at some point helping you lock your investments and at the same time leverage on possible opportunities most people probably won’t even notice. This is a forward looking strategy that places you in a much better situation of reaping from Bitcoin’s long term prospect

[Y3shot]

buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

You must not wait for the market to go dip before buying bitcoin, any one waiting for the market to go dip it means the person doesn't understand how bitcoin works. If eventually the markets goes dip it is a good thing to buy and never to miss the opportunity but waiting for the market to go dip can be seen as greed, lack of understanding because you can't predict the market. It is possible when one buys the market can even than what you expected,  and the increase is a gain. When you buy bitcoin their will always be an increase, I don't see any reason to wait for the dip to occur to buy bitcoin. One thing I know for sure is that the dip is something that should never be miss when it occurs and should not be a reason why one is waiting for to invest in bitcoin first because it is unpredicted.

[Justbillywitt]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

I don't have a problem with investors talking a little break from investing in bitcoin due to personal reasons, or the fact that they may consider that they have gotten a reasonable amount of stash in their portfolio. But if the reason is to go and research the the market to know the reason for a down trend, that's where am not too comfortable with and I don't support that. Long term investors has nothing to do with whatever that's causing down trend in the market. We are quite aware that things like this do happens and our own is just to continue with our buying. Let me ask you this question, what exactly are you hoping to achieve when you finally know the reason for the down trend? Why put yourself through the psychological and emotional stress by researching the market? Personally I don't always care to know what's causing any down trend, provided I'm engaging with my DCA. And when the down trend reaches the level I already projected for myself before time, I utilize my buy the DIP strategy and move on.

[Roseline492]

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

Your point was quite understandable because anybody who read your post will actually know that it was all a joke because we all know that no matter how serious someone would need money to invest on Bitcoin those things will never be something that deserve consideration, however I was actually Amazed when I saw the post because it reminds me of what we called extracurricular activity during my school days because in as much as the main focus was learning but there are also need for some excitement and laughter, so actually in as much as our focus is for buying Bitcoin and holding doesn't mean that we cannot also make ourselves happy here while we continue our Bitcoin investment.

[temple]

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

edited

"Only buy something that you would be perfectly happy to hold if the market shut down for 10 years." Warren Buffett.

And that in a nutshell is what investing is about.

A great deal of all of those that consider themselves investors fail to meet its most minimum standards, with most of them being traders, aspiring traders or people that like to burn their money away, but whatever the case, it would be for the better if they stopped calling themselves investors, since many newbies read those kind of claims and mistakenly believe investing requires holding their bitcoin for a very short amount of time.

Yet I think Warren Buffett can be a controversial figure at times. He somewhere said he would do it the exact same way today as he did back then. But this statement has so many flaws. It is very abstract to put it that way and people think he is right because he is the billionaire and they are not. Well, now there are lots of billionaires because of Bitcoin while he wouldn't have become one as it is rat poison in his opinion. He missed several tech stocks back at the time because he couldn't see how technology would enfold. Yet I respect that he sticked to his guns, but as much as you could become rich running a bakery in the 60s, as unlikely is it today doing the same.

He said he would again concentrate on finding businesses with lots of value + growth potential. But times have indeed changed. The advantage he got over others due to gathering knowledge wouldn't enfold the same way to his advantage today. There are cycles in life and those who became a billionaire with Bitcoin would probably say that it was a once in a lifetime chance. Maybe it is going to happen twice in a lifetime to some of us. But Buffett was born in 1930 and he invested all the way through the post Second World War boom and was immensely wealthy when the 1970s recession kicked in. That was the time when most of the world had to dump while he was able to buy.

He did a lot of things correctly, but he refused to buy Google despite allegedly having insider information back at the time. He failed to buy Amazon and himself calls it dumb. He failed to buy Apple early, only started in 2016. He calls Bitcoin rat poison.

In conclusion, he was the right man at the right time in the right place under the right circumstances. I don't know how far Coca Cola and McDonalds would get him today.

[Stable090]

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying?

When there is a crash in the market, nobody knows how low it’s going to go, and when there is a pump, nobody knows how high it’s going to go. So what  I do recommend to people ask me similar questions is just make sure you do your analysis before you start accumulating and make use of the DCA strategy.

We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k

The problem I have with some people who are always saying they want bitcoin to dump is that, no matter how much bitcoin dumps, they are not going to invest. They will keep on saying they want it to dump more before they are going to invest. Even if bitcoin dumps to $1k, some people are not still going to invest, they will keep on waiting for it to dump more until the price bounces back, and they will start regretting why they didn’t invest when the price drops.

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

I don’t know how you felt after your first investment in bitcoin. But I expect any newbie to panic when they want to invest in bitcoin, and after investing, and the market dumps. Any newbie that comes here and claims they don’t panic even when the market is dumping after they have invested in a coin is just deceiving himself. It’s normal for all newbies to panic, even if their intention is to hold for the long term.

[EclipseXcrypto]

sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.

An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

On a norm, there is know break in Bitcoin investment whether bitcoin is pumping or dumping, the DCA method is already available for every investor to contonue with the process, I come to understand that why people decide to give break during Bitcoin investment is sustenance, this investment should be done with ease as such investors shouldnt go into the investment with what they can not sustain, although  as an investor something your starting point may not be sustainable as time goes on and that's why you have to continue accumulating by using DCA method with the little you can afford.
Bitcoin investment need a good basic understanding for one to remain in the market, we can't wait or go for break  although it is not an easy thing to keep accumulating when the market keeps pumping but we can't just wait to always buy when the market dips because bitcoin is a long-term investment as such a good investor that understands the market wouldn't think towards short-term because we already know that our target may not be achieved within that short period, so if you think Bitcoin, think long-term, nothing should discourage us at all time hence the goal is targeted to be achievd in a long run.

knowing whether Bitcoin is pumping or dumping will give you a reason to take a break during your investment, consider giving a break to help your overall investment strategy, there's nothing wrong with taking a short break, giving you time to research more deeply and look at the market, the latest news and other reasons that can influence the price of bitcoin, things like this help control emotions when you are investing or running your investment. So that the decisions you make can have a good impact on your overall investment and maintain your investment, but you shouldn't continue to give yourself a break. This will slow down your bitcoin accumulation, it is only recommended to give a time lag when prices are rising high and you don't have enough funds to accumulate your bitcoins.
Therefore, it is recommended to use the DCA method to accumulate your bitcoins, because market prices are difficult to predict, and providing a time lag when the price is rising is also profitable, but you also have to consider the right time lag that can benefit you. and you should not wait for a price drop to accumulate your bitcoins. because long-term investments should be planned and be your reason to keep accumulating your bitcoins

Building a solid portfolio in bitcoin requires consistency and commitment. Especially, when you are still in early phase of accumulating. Holding Bitcoin for a long period doesn't require any lapses along our holding journey, taking a break because of dumping and pumping  in the market could be a step backwards, we just have to keep going and stay on the track of accumulation no matter the market circumstances.

Using a DCA strategy that you can invest a regular fixed amount from your income or earnings at your own comfort, why consider going for break when consistency and commitment is required to grow your bitcoin stash. As you invest continuously, research can still be made on how to improve and increase your holdings.  You dont necessarily need a break in regards to dumping and pumping, each of these market moments presents opportunities for investors to capitalise on. If an investor is holding bitcoin for a long term,  we should always see these market situation in a positive direction that when our accumulation has matured it will be beneficial to our investments.

[$crypto$]

Okay, I'm going to answer this question for me because it's important in my strategy.

1. How well are you managing your finance?
2. What have you been buying most?
3. Has your spending increased?
4. Has your monthly/weekly income increased?
5. Is there a way you can increase your income?
6. Is there a way you can increase your investment funds?
7. Are you making progress at all in your accumulation?, etc.

-It must be good at money management, otherwise the money will quickly run out by not managing it properly.
-Bitcoin (90% portfolio)
-Will prevent excessive spending, of course with a frugal lifestyle.
-Overall just rely on a fixed salary every month.
-Increase that income only by hunting airdrops and other sources.
-Almost 80% of the income from other sources that I said earlier is invested in bitcoin, the rest is for my own needs.
-Of course, accumulation has never stopped over the past few years, as long as you can still do it, finances can still be obtained from work, accumulation will continue.

By asking yourself these questions, you are already taking a break, inorder to restrategize, and make adjustments that will give you a healthy investment plan for the next phase(maybe the coming year, or months, or weeks). When these questions are asked, you should be able to identify the difference between your needs and wants, thereby cutting off your spending habits inorder to give room for more accumulation.

That is an obstacle in many people where they sometimes have the desire to buy something that is completely meaningless in the sense that the item becomes not important in your life let alone just to show off to others.
So for needs is important but look back which one is needed that will always be fulfilled.

So with good management, the money put into investment will be more.

[laijsica]

buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

You must not wait for the market to go dip before buying bitcoin, any one waiting for the market to go dip it means the person doesn't understand how bitcoin works. If eventually the markets goes dip it is a good thing to buy and never to miss the opportunity but waiting for the market to go dip can be seen as greed, lack of understanding because you can't predict the market. It is possible when one buys the market can even than what you expected,  and the increase is a gain. When you buy bitcoin their will always be an increase, I don't see any reason to wait for the dip to occur to buy bitcoin. One thing I know for sure is that the dip is something that should never be miss when it occurs and should not be a reason why one is waiting for to invest in bitcoin first because it is unpredicted.

Bitcoin market conditions are predictable but reality can be different so you should stay in regular buying as you will keep stashing into your portfolio whether the price of Bitcoin is bearish or bullish. When its price goes down, the same amount of money accumulates more bitcoins that increase over time, even continuing to accumulate during bullish periods. Accumulating bitcoins for a long time also makes you more experienced in investing so bearish and bullish divergences can become more positive for you than they do for larger investors. DCA naturally becomes easier for you as your stash gets progressively bigger and it becomes easier for you to decide to continue accumulating bitcoin for 10 years or more. Since your portfolio is a decent size you can be aggressive in buying bitcoin during dips. For example, if the price of Bitcoin is going up for 6 months then you continue to accumulate normally and if the price goes down for the next 1 month then you should continue to buy aggressively. By conducting DCA in this process after 10 years you will see a huge stash of Bitcoins in your portfolio which can give you huge profits. So you should increase holdings and go long.

[JoyMarsha]

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

I think this is the wrong approach to this. You are promoting unhealthy and illegal behavior in the marriage.

Stealing and kidnapping are not the answer. IMO building a strong relationship is about trust, good communication, and honesty. If your wife isn't supportive of your investment goals, the right approach is to have healthy conversations with her. Explain your reasons for believing in Bitcoin and the benefits of the long-term plans. If she is a supportive wife she will help out and if she insists on not helping, then you should find another alternative.

Ser before you post something serious, please get the actual context and actually read the reply to my post, and it will definitely be obvious to you that I was joking, and he was joking in return as well.

Plus why would I, or any normal person in the forum, suggest kidnapping yourself and having yourself on ransom, so you yourself can get the money for DCA activities.

I am laughing very hard at the context of how everything played out, and someone elsewhere is being serious about your playful discussion without another fella, trying to convince you of the way to follow without knowing that you are pretty much kidding.

That said, people can misunderstand other people's words without knowing the true context of the words spoken.

[synchronym]

Sure it really feels good to buy Bitcoin at a DIP but when do we know that a DIP is enough to start buying?

When there is a crash in the market, nobody knows how low it’s going to go, and when there is a pump, nobody knows how high it’s going to go. So what  I do recommend to people ask me similar questions is just make sure you do your analysis before you start accumulating and make use of the DCA strategy.

We have been experiencing DIP for sometime now and there are still people waiting for it to DIP more before they Buy which it may not go DIPPER than $52k

The problem I have with some people who are always saying they want bitcoin to dump is that, no matter how much bitcoin dumps, they are not going to invest. They will keep on saying they want it to dump more before they are going to invest. Even if bitcoin dumps to $1k, some people are not still going to invest, they will keep on waiting for it to dump more until the price bounces back, and they will start regretting why they didn’t invest when the price drops.

But i think if you want to invest in bitcoin then don’t be worry about the price. Bitcoin price always are dumping and pumping. So you can buy any prices and wait for your goal. One thing bitcoin invest is long term holding investment.

I don’t know how you felt after your first investment in bitcoin. But I expect any newbie to panic when they want to invest in bitcoin, and after investing, and the market dumps. Any newbie that comes here and claims they don’t panic even when the market is dumping after they have invested in a coin is just deceiving himself. It’s normal for all newbies to panic, even if their intention is to hold for the long term.

When it comes to investing in Bitcoin we must always gain enough experience about the Bitcoin market before we invest in Bitcoin. Many times it is seen that in the condition of lack of experience in Bitcoin, investing in Bitcoin has to face more losses than clubs. But for those who are new or new to Bitcoin, I must tell them that before investing in Bitcoin, they need to know enough about Bitcoin before investing. Bitcoin we always have to have a long term plan and check the market and then invest. Many times it is seen that we are too hasty to rush back and make wrong decisions due to which we lose the profits that we have invested. If we can bring Bitcoin and invest patiently with a long-term plan, surely we will be able to earn enough profits in Bitcoin that will make us more interested in Bitcoin.

[Greyhats]

Sure it might not be a bad idea to keep in mind some quantity of BTC that you would like to reach at various points in your bitcoin journey, yet for me, I tend to think about more concrete goals that I am able to reach that might involve ways to calculate your disposable income and then have amounts that you are able to invest within your disposable income in the coming 6 months to year, and surely even within the concept of disposable income, there are ways to be creative with that - which might involve something like making sure that you buy bitcoin every week (or some other period) no matter what, and surely there could be some ways that you might be able to incorporate buying the dip into your already existing accumulation system, yet lump sum buying largely relates to coming across extra money at various points in the year, and surely if you already have bitcoin buying systems and even bitcoin buying thinking in place, then you are likely in a much better position to incorporate lump sum buying with any extra cash that might end up coming in your direction.  One of the great things about receiving some kind of extra or surprise payment is that it can facilitate your being able to employ some BTC buying techniques that might have had previously been outside of your normal routine.. so guys who had previously been blowing their bonuses or buying stupid things with their bonuses, if you have a BTC buying plan in place, then receiving bonuses all of a sudden creates bitcoin investing opportunities for you that you had not previously considered as empowering.

Before the start of the year I plan out how much I would like to invest in BTC for DCA. Then I kind of speculate on what the monthly avg cost to buy BTC will be through DCA. This way I can estimate/forecast how much BTC I will accumulate in the year. Its only an estimate, I'm not married to it, ultimately DCA buys will dictate what it turns out to be for said month. As the months roll by in the year I update monthly costs, bought vs speculated. Its a bit of fun to track. If  big stuff changes in the general market I update the speculation it for the remaining months.

Then at the end of the year it helps me to see did I hit the accumulation goal. Every year that I have been on this journey, I have also met or exceeded my accumulation goal, so make it reasonable too. This of course then plays into the next year of planning etc etc.

If people are finding it hard to set an overall accumulation goal one way to look is the block rewards(dont count fees) post halving for next few. Pick one, you have a total and a year date to work towards. Now you can work backwards and figure out how can you do this.

2024 - 3.125 BTC
2028 - 1.5625 BTC
2032 - 0.78125 BTC
2036 - 0.390625 BTC
2040 - 0.1953125 BTC
2044 - 0.09765625 BTC

Surely individuals have other accumulation goals and everyone is different and can pick what they want. The important thing though is have an accumulation goal.

[Hewlet]

First of all you sound like a trader from your statement. Bitcoin is not to be bought a hodli for few years because you are not going to make any good profit and you will regret your actions in future. The least year that bitcoin should be held is 4 years which is a whole circle and a newbie or a new investor will not just buy and hodli but will continue with his gradual bitcoin of his bitcoin stash by buying weekly or monthly using DCA method all the time for 4-10 years and above while he continues hodli his bitcoin.

The best way to invest in bitcoin is to invest in a very long period of time because that is only when you can make profit due to the compounding effect of your bitcoin portfolio overtime. A new investor like you might not be able to acquire enough Bitcoin or reach your bitcoin target within 10 years because as time passes by the price of bitcoin increases so reaching the fuck you status might take up to 20 years. It is only if you are after short-term profits that you will think 3 years is a long time.

edited

"Only buy something that you would be perfectly happy to hold if the market shut down for 10 years." Warren Buffett.

And that in a nutshell is what investing is about.

A great deal of all of those that consider themselves investors fail to meet its most minimum standards.

As much as this kind of statement holds ground theoretically and goes to explain the need to believe in whatever asset one is investing into,  we can't be too certain on what will become of Bitcoin if the Bitcoin market shuts down for a period of 10 years. And even when we consider another asset, it's not all that easy to keep HODling an asset after 10 years of its value shutting down except you're left with no option than to keep HODling since you've invested too much already.

The idea of HODling is from a standpoint of giving yourself enough time that allows you to accumulate a lot of Bitcoin and so I wouldn't totally agree with this quote that tend to suggest that the yardstick for measuring which asset you're investing into or how long you're HODling your asset is based on your mere long term believe in the asset. Primarily, everyone that's investing in Bitcoin already believes that Bitcoin is the best digital asset to HODL and that's the reason why we keep buying both at the bears and even during the bull using the DCA methord and by consistently doing it for a number of years upto the point when we've reached our goal, it's not just because we want to HODL for a very long time as though it's how long we have HODLed our Bitcoin that guarantees the profitability of our investment, it's just that buy continuous DCA with respect to time, we are placed at a better position where we have a large amount of Bitcoin which determines the profitability of our Bitcoin investments.

So in summary, it's not about how long you've HODL but how well you utilized those period and how much Bitcoin you're able to buy within such space of time. Some of the long term HODLers only buys an initial Bitcoin or ceased it from a source and might succeed in holding it for 10 to 20 years, you can't compare the rate of profitability of such holders to how profitable another person that DCA consistently for 4 to 8 years considering that the amount of Bitcoin the latter must have bought would be more than what the initial person has held unto.

[SOKO-DEKE]

buying when the market is dip is the right approach for an intending and existing bitcoiner but if you can't wait till the market dips, buy the liitle you can to avoid  squandering the funds meant for the said investment.

You must not wait for the market to go dip before buying bitcoin, any one waiting for the market to go dip it means the person doesn't understand how bitcoin works. If eventually the markets goes dip it is a good thing to buy and never to miss the opportunity but waiting for the market to go dip can be seen as greed, lack of understanding because you can't predict the market. It is possible when one buys the market can even than what you expected,  and the increase is a gain. When you buy bitcoin their will always be an increase, I don't see any reason to wait for the dip to occur to buy bitcoin. One thing I know for sure is that the dip is something that should never be miss when it occurs and should not be a reason why one is waiting for to invest in bitcoin first because it is unpredicted.

That is the truth. It is not possible for anyone to predict Bitcoin's price. There are some set of people who are always trying to predict the price of Bitcoin, but the truth is that they are just guessing the price of Bitcoin is due to various things happening around the world, such as inflation or fighting Between two countries. However, they are always getting it wrong many times. Bitcoin is not controlled by anyone, so I wonder how someone can just predict the direction of Bitcoin. Bitcoin's value is a decision of many people, as people are buying, others are selling. The truth is that nobody can accurately predict how many people will buying Bitcoin in a particular month or year and applicable to selling so to know whether the price is going down or up.

So, the best thing for someone who wants to invest in Bitcoin is to not always wait for a dip because it can make them miss the opportunity to invest at the right time. Instead of waiting for a dip, people should consider using the strategy of Dollar Cost Averaging (DCA), by buying a fixed amount of Bitcoin weekly or monthly. I believe that method will provide the opportunity to buy at different prices instead of continually waiting for the market to dip.