Buy the DIP, and HODL!

[Patrol69]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

If we want to get education through mobile phone or read books then why do we go to school. You cannot become a scholar by reading yourself. In school we go to expand our knowledge. We can learn a lot more in school than what we can learn from outside. There are many things which are unknown to us and we can learn about those things through school teachers. In other words, there is a lot of need for practical learning in all fields. We will have complete knowledge about investment when we will invest to get a practical application. Investing yourself creates your own idea about that investment and from that idea you can advise others.

[Sim_card]

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.

No one can predict the price of bitcoin and that is why it is risky for a newbie investor to think he can start his bitcoin investment by timing the dip. It is the same reason why traders are run at loss because nobody can know the next price movement of bitcoin. Assuming it is possible nobody will want to hodli but they will prefer to sell and buy back to increase their bitcoin portfolio. This is why investing with DCA as a new investor or low coiner and hodli for long is the best because you don't bother about the market but think more on how to stay focus on accumulating your bitcoin regularly overtime.

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.

It all depends on how you have prepared for your buying orders during the dip or pump. Those whose portfolio is already in a decent size might not care about DCAing when the price of bitcoin is pumping because they will only be able to buy very little quantity due to high price and that might not have any effective value on their portfolio. So such investors only prepare to buy bitcoin at the dip in order to buy large quantities at a cheaper price.

[Familian]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Gaining experience about bitcoin investment and learning about bitcoin is a two different things in my opinion. Learning comes before experience. You have to learn about bitcoin before start off in it either through investment or trading to get an experience of it through those use. You gain experience about anything order than bitcoin by participation in activity of it. Experience is gotten from the practicing of that which we have learned.  

Teachers  teaching in an institution don't teach out of experience but out of what they have learned and understood.

[Ruttoshi]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Gaining experience about bitcoin investment and learning about bitcoin is a two different things in my opinion. Learning comes before experience. You have to learn about bitcoin before start off in it either through investment or trading to get an experience of it through those use. You gain experience about anything order than bitcoin by participation in activity of it. Experience is gotten from the practicing of that which we have learned.  

Teachers  teaching in an institution don't teach out of experience but out of what they have learned and understood.

First of all let's focus on bitcoin investment and not trading because that is the opposite of investing.

If a new person wants to start his bitcoin journey he only needs to know about the basic knowledge of bitcoin which his how he can buy bitcoin and hodli for long term with an amount that he can afford to lose. If he has understood these, he can start his bitcoin investment right away without knowing much because it is better that he learn about bitcoin investment by buying and hodli because that will give him a better knowledge about bitcoin and how he will be able to tweak to some strategies of accumulating bitcoin based on his financial situation at that moment and the scenario playing around him.

If you only learn the theory first and you did not invest immediately, you will not understand a lot of things which are how to control your emotions and to be committed to investing consistently and persistent due to discipline and sacrifice. Learning and investing at the same time is the best for a new investor. If you are new to bitcoin, you will also be able to know the amount that you will use to buy bitcoin from your discretionary income so that it will not affect your monthly expenses in order for you not to sell your bitcoin before time.

Building an emergency funds along side with your bitcoin investment simultaneously is also all what you will learn and know on your own if you get started immediately after knowing the basics because nobody will teach you that when you want to invest because our discretionary income is not the same. Investing in bitcoin is better learnt by experience.

[Miles2006]

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.

Short term plans and profit are basically for traders and if we’re talking about bitcoin knowledge we should remember that newbies accumulate and learn during the process. What’s wrong if newbies buy and learn at same time,  in that way it’s beneficial because no one can actually predict bitcoin price or try to foresee with previous market price. That statement above talking about lack of experience about bitcoin market is actually not true, anyone can start their bitcoin journey with zero market experience and still make progress as I believe studying the market are meant for traders. newbies are here to learn including me personally, definitely buy and hold is the target and  part of the learning process, if anyone should ask how does tracking bitcoin market works it’s obvious traders can give details not investors that’s why investors mostly newly investors are advised to avoid tracking the market, if I should ask no newly investor has ever mentioned of getting to a satisfied portfolio talk less of selling so there’s no point talking about experience in terms of tracking the market.

[Justbillywitt]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

If we want to get education through mobile phone or read books then why do we go to school. You cannot become a scholar by reading yourself. In school we go to expand our knowledge. We can learn a lot more in school than what we can learn from outside. There are many things which are unknown to us and we can learn about those things through school teachers. In other words, there is a lot of need for practical learning in all fields.

You are making lot of sense in what you are saying, the reason we go to school is just beyond learning. In school  you have to learn different characters and learn how deal with different people. You have to learn how to handle people of different background, religion and ethnics. No matter how people tends to learn from books and mobile phones it will never be the same with the one you have an instructor who is guiding you and giving periodic assessment to know the progress you are making. Yes through your phones, you can have  zoom lectures I quite understand that. But it's never the same thing when someone is just reading books online and reading from mobile phones. In physical classes there are things that lectures will share with you from their personal experiences that you can't find in a phone or books.

[Obim34]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Gaining experience about bitcoin investment and learning about bitcoin is a two different things in my opinion. Learning comes before experience. You have to learn about bitcoin before start off in it either through investment or trading to get an experience of it through those use. You gain experience about anything order than bitcoin by participation in activity of it. Experience is gotten from the practicing of that which we have learned.  

Teachers  teaching in an institution don't teach out of experience but out of what they have learned and understood.

On the list, learning is very much important other than having the experience, at some disadvantageous situation one should prefer not experiencing something but instead learn from other people experience. Same way I would advise anyone entering into Bitcoin to  first ascertain the basic knowledge that will enable him to maximize and secure his investment instead of ignorantly investing funds into Bitcoin and lose funds due to lack of certain knowledge.

[Stable090]

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.

Most newbies don’t really have proper knowledge about bitcoin before they jump into it which is very wrong, that’s why they mostly lose, and some scammers brainwash them because  they can easily  be scammed. We shouldn’t be in a rush to invest in bitcoin, we should rather be in a rush to accumulate more knowledge, because if you are in a rush to invest, then you might end up losing at the end, which is equal to not investing at all, because what’s the point of investing if you still end up losing your investment?
 
Anyone investing in bitcoin should make sure they keep on learning on a daily basis, because the more you go on research, the more you learn new things. So anyone investing in bitcoin shouldn’t get tired of learning, reading is supposed to be part of us.

[I_Anime]

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.

  well that's why sir JayJuanGee keep saying that don't over do it , most of us here can't actually afford one bitcoin ones that's why we went into DCA , which also gave us the advantage of buying at different price interval as bonus. So there's no need for you thinking of things like stealing from ones wallet or kidnapping yourself which kinda sounds funny lol. Just accumulate with the amount you can afford that won't affect your normal daily activities, like some discretionary income.

Our main focus is how to buy or accumulate and hodl more Bitcoin in our portfolio. Because being in this space and not having any stashes of bitcoin ain't smart, especially for those that prefer buying some joke coins instead of buying bitcoin, which is the king of digital currencies, that always keep to its standard, with its nice potential of growth .

[Humblevirus]

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.

Yes, knowledge is really very important in every aspect of life, especially in business or investment, so we can be guided in the right direction. There are some people who are not part of the cryptocurrency industry because they were scammed by scammers or sold their Bitcoin investments at the wrong time, all due to a lack of proper knowledge.

Investing in Bitcoin is not really hard when someone is genuinely interested. All they need to know at the start is the difference between non-custodial and custodial wallets, and the best exchanges to buy Bitcoin. After buying, they should move it to the right wallet, which is a non-custodial wallet, for proper security. Once someone has this knowledge, they can start investing in Bitcoin. It doesn't require a lot of experience to begin a Bitcoin investment.

When they start investing with they little knowledge they first gathered they will continue learning. Infact start after investing, the desire to protect their funds will make them more serious about learning about Bitcoin and others cryptocurrency. Nobody likes to lose their invested Bitcoin.

[ultrloa]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Gaining experience about bitcoin investment and learning about bitcoin is a two different things in my opinion. Learning comes before experience. You have to learn about bitcoin before start off in it either through investment or trading to get an experience of it through those use. You gain experience about anything order than bitcoin by participation in activity of it. Experience is gotten from the practicing of that which we have learned.  

Teachers  teaching in an institution don't teach out of experience but out of what they have learned and understood.

On the list, learning is very much important other than having the experience, at some disadvantageous situation one should prefer not experiencing something but instead learn from other people experience. Same way I would advise anyone entering into Bitcoin to  first ascertain the basic knowledge that will enable him to maximize and secure his investment instead of ignorantly investing funds into Bitcoin and lose funds due to lack of certain knowledge.

Learning by books will not give you full learnings since you need to experience those technicalities what bitcoin could possibly show up to you. That's why its important also to learn thru experience since this will make you became more better investor.

Market is unpredictable and we should know how to deal with the situation, since it could help us do good decision  especially if we are facing uncertain things on the market. Its common for bitcoin to have pumps and dumps that's why its good for people to have experience in this situation so that by next time that scenario occur it cannot affect their decision to accumulate and also continue to hold. So use all things that can help on your investments since this is more better for people to learn a lot of things on bitcoin, since this make them became more better or knowledgeable investor.

[As-Soon-As]

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.

Most newbies don’t really have proper knowledge about bitcoin before they jump into it which is very wrong, that’s why they mostly lose, and some scammers brainwash them because  they can easily  be scammed. We shouldn’t be in a rush to invest in bitcoin, we should rather be in a rush to accumulate more knowledge, because if you are in a rush to invest, then you might end up losing at the end, which is equal to not investing at all, because what’s the point of investing if you still end up losing your investment?

To invest in bitcoins one must acquire education, because little knowledge is dangerous. The more you learn about Bitcoin investing the easier it will be for you to invest, no one can cheat you and you won't fall for anyone's scams. As Bitcoin education is being taught in El Salvador, you notice that anyone can invest in Bitcoin if they have money.
But in that case Nayib Bukele is teaching the people of his country about Bitcoin. And it is self-sufficient and comprehensive education where there are many students, especially young students, the amount of which is most noticeable.


 

Anyone investing in bitcoin should make sure they keep on learning on a daily basis, because the more you go on research, the more you learn new things. So anyone investing in bitcoin shouldn’t get tired of learning, reading is supposed to be part of us.

El Salvador is constantly educating the people of the country in this way, so they will become successful investors. But they have never seen decline in learning, learning new things as they gain education. If you can really gather knowledge, you will surely succeed in future days.

[synchronym]

To invest in bitcoins one must acquire education, because little knowledge is dangerous. The more you learn about Bitcoin investing the easier it will be for you to invest, no one can cheat you and you won't fall for anyone's scams. As Bitcoin education is being taught in El Salvador, you notice that anyone can invest in Bitcoin if they have money.

On the one hand, education is very important in Bitcoin investment, on the other hand, having Bitcoin experience is very important because if you are not experienced in Bitcoin, you cannot invest well if you do not have a good idea about Bitcoin, so experience is very important in Bitcoin, just as education is important. When it comes to Bitcoin investing, we must acquire enough knowledge about the Bitcoin market. Only if we acquire enough knowledge about the Bitcoin market can we expect to achieve enough success with Bitcoin. Many times it is seen that many new investors do not acquire enough knowledge about Bitcoin and they end up losing more than profit when they come to invest. Therefore, we must always have a long-term plan when investing in Bitcoin. Can invest with considerable success. Many times we get little disappointed so we should not be disappointed we should always invest in bitcoin patiently if we patiently invest bitcoin and not disappointed then surely we will be very positive in bitcoin investment.

[JayJuanGee]

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

Your post is confusing.

You start out by saying that it is good to take a break, and then you say that there may be reasons not to take a break, but you are not really clear about the matter, yet you recommend DCA, which with DCA there wouldn't be any reason to take any break, whether you perceive BTC prices to be high or low..   The main point of DCA is to figure some kind of a manageable amount to invest into bitcoin on a regular basis that is based on your disposable income, and surely you do not even need to maximize spending disposable income on bitcoin, you might choose to allocate a relatively small amount of your disposable income to bitcoin, so if you end up doing that, then you can keep up doing your DCA even while you are investigating further into bitcoin and even if you perceive the BTC price to be potentially high, but surely if you are in your early stages of investing (maybe in the first full cycle?), then it is hard to think of reasons that you might perceive yourself to need to take a break or even that you would necessarily know if the BTC price is high, low or otherwise. 

Maybe if you had front-loaded your BTC investment, then those might be reasons to take a break?  But still whether to take a break or not has to deal with a variety of circumstances that include your overall personal circumstances (including the nine on my list) and maybe also have to do with if you might have had accumulated enough BTC or too much BTC.. yet you can even study your personal circumstances while you continue to buy BTC, so it does not even make sense to take any break unless you have figured out that you have overaccumulated (or maybe you figure you made some kind of overaccumulation mistake?).

By the way Dickiy, since you have a forum registration date that is in April 2017, it surely could be possible that you have accumulated enough or more than enough BTC, especially since if you started buying bitcoin around the time of your forum registration, then you have had more than 7 years accumulating bitcoin, which is getting close to two full cycles, and yeah, I understand that some guys might make mistakes or maybe they had not been accumulating as many BTC as they could have or should have in their earlier years, yet I still prefer to presume that the audience of our discussion are underallocated to bitcoin (just like the overwhelming majority of the world's population - around 99% of it) rather than presuming that the audience's members of this kind of discussion have enough or more than enough BTC that would thereby justify waiting rather than continuing to accumulate.

[Uhwuchukwu53]

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

Your post is confusing.

You start out by saying that it is good to take a break, and then you say that there may be reasons not to take a break, but you are not really clear about the matter, yet you recommend DCA, which with DCA there wouldn't be any reason to take any break, whether you perceive BTC prices to be high or low..   The main point of DCA is to figure some kind of a manageable amount to invest into bitcoin on a regular basis that is based on your disposable income, and surely you do not even need to maximize spending disposable income on bitcoin, you might choose to allocate a relatively small amount of your disposable income to bitcoin, so if you end up doing that, then you can keep up doing your DCA even while you are investigating further into bitcoin and even if you perceive the BTC price to be potentially high, but surely if you are in your early stages of investing (maybe in the first full cycle?), then it is hard to think of reasons that you might perceive yourself to need to take a break or even that you would necessarily know if the BTC price is high, low or otherwise. 

Maybe if you had front-loaded your BTC investment, then those might be reasons to take a break?  But still whether to take a break or not has to deal with a variety of circumstances that include your overall personal circumstances (including the nine on my list) and maybe also have to do with if you might have had accumulated enough BTC or too much BTC.. yet you can even study your personal circumstances while you continue to buy BTC, so it does not even make sense to take any break unless you have figured out that you have overaccumulated (or maybe you figure you made some kind of overaccumulation mistake?).

By the way Dickiy, since you have a forum registration date that is in April 2017, it surely could be possible that you have accumulated enough or more than enough BTC, especially since if you started buying bitcoin around the time of your forum registration, then you have had more than 7 years accumulating bitcoin, which is getting close to two full cycles, and yeah, I understand that some guys might make mistakes or maybe they had not been accumulating as many BTC as they could have or should have in their earlier years, yet I still prefer to presume that the audience of our discussion are underallocated to bitcoin (just like the overwhelming majority of the world's population - around 99% of it) rather than presuming that the audience's members of this kind of discussion have enough or more than enough BTC that would thereby justify waiting rather than continuing to accumulate.

JJG has said it all there is no reason one should see taking break as good choice except it's one who have accumulated more than enough he planned if not you can expect beginner who is looking for any possible means to acquire Bitcoin to take break the saying that time is money is reality, I realized that even the money in human hand act as spirit most time if you don't invest it one may spend it things that will not profit you at the end because many unforseen circumstances will arise and some unnecessary need will push up just to spend the money, the best is continuous accumulating if what it take to do so is available as one can still gain more if the number of Bitcoin accumulated is very high the profit become more higher for you holding break is like cutting down more inflow if your investment growth.

[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.

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.

Or if someone is truly planning something very nefarious, he/she probably won't post it in a forum where everyone could read what he's going to do, no? No jokes about robbing a bank before actually robbing the bank.

¯\_(ツ)_/¯

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.

It's understandable if some context was fully misunderstood, the thread has gotten very crowded with different people quoting the same post and each with different contexts.

BUT, let's not forget the MAIN context of the topic. - The more Bitcoin stays at a lower price, the more opportunities to buy more units in Bitcoin. DCA here would sort of be like buying the DIP.

[Promocodeudo]

We must have experience in any subject before giving advice.

You are right I agree with you. Before giving advice to someone else he needs to gain experience in the matter. If a person is not experienced enough about bitcoin, he cannot answer your question. Because if an experienced person answers someone's question by answering their question, you will understand how experienced he is. An experienced person's post will always be very positive. Questions cannot be answered well by hearing from others. But experience is very important in bitcoin investment If we want to invest in bitcoin we must gain experience. Sometimes due to our lack of experience we may not earn enough profit in Bitcoin. And before investing in Bitcoin, you must know yourself well about Bitcoin. Slowly we will become more experienced in Bitcoin. But no one can gain experience in Bitcoin from scratch.  At first he invested in Bitcoin as a newbie and slowly through his knowledge and skills he became very experienced in Bitcoin. But the Bitcoin market is very volatile. So in case of bitcoin investment we must be careful enough then we have to invest. In this way if we can invest in bitcoin we can definitely achieve a lot of success.

Gaining experience about bitcoin investment and learning about bitcoin is a two different things in my opinion. Learning comes before experience. You have to learn about bitcoin before start off in it either through investment or trading to get an experience of it through those use. You gain experience about anything order than bitcoin by participation in activity of it. Experience is gotten from the practicing of that which we have learned.  

Teachers  teaching in an institution don't teach out of experience but out of what they have learned and understood.

On the list, learning is very much important other than having the experience, at some disadvantageous situation one should prefer not experiencing something but instead learn from other people experience. Same way I would advise anyone entering into Bitcoin to  first ascertain the basic knowledge that will enable him to maximize and secure his investment instead of ignorantly investing funds into Bitcoin and lose funds due to lack of certain knowledge.

Yea, I somuch love this logic, I have heard severally from some people that experience is the best teacher but I don't agree to that, personally I believe that experience is the worst teacher, you don't allow events to affect you before you learn, I think that will be a distrous way to learn, you learn to avoid some things from occuring although there are natural phenomenon which are unavoidable, having said this, relating it to Bitcoin investment, as new investor learning the do and don'ts at the early stage will help you to excel in the market, you dont have to gat all the experience at once, you learn more in the system, most knowledgeable bitcoiners didnt just study it without being part of the investment rather they grabbed the basics which lead them into being guru in the business, there are somethings we can't just know like that without being part of the process, once you find Bitcoin investment intereting, just learn the basics and start your accumulation process according to your level of sustenance to avoid stoping half way because long-term is the goal.

[Justbillywitt]

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.

Yes, knowledge is really very important in every aspect of life, especially in business or investment, so we can be guided in the right direction. There are some people who are not part of the cryptocurrency industry because they were scammed by scammers or sold their Bitcoin investments at the wrong time, all due to a lack of proper knowledge.

Investing in Bitcoin is not really hard when someone is genuinely interested. All they need to know at the start is the difference between non-custodial and custodial wallets, and the best exchanges to buy Bitcoin. After buying, they should move it to the right wallet, which is a non-custodial wallet, for proper security. Once someone has this knowledge, they can start investing in Bitcoin. It doesn't require a lot of experience to begin a Bitcoin investment.

When they start investing with they little knowledge they first gathered they will continue learning. Infact start after investing, the desire to protect their funds will make them more serious about learning about Bitcoin and others cryptocurrency. Nobody likes to lose their invested Bitcoin.

As a beginner the primary focus should be on bitcoin. They should not have anything to do with any other crypto currencies, because that's where the scams are. That's the mistake most people do. Beginners should just stay on the lane of bitcoin, be it on learning basis or investing. They should forget whatever anybody is telling them about learning any crypto currencies, because the moment they do that they are already positioning themselves for scams. Whatever you are continuously reading or learning has a great potential of influencing your future decision/judgement. If they dive into learning about other crypto currencies, they will be tempted to invest in it. And when they invest in it and get scammed they will relate it to bitcoin and they will lose their interest to keep holding bitcoin.

[Barikui1]

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.

Yes, knowledge is really very important in every aspect of life, especially in business or investment, so we can be guided in the right direction. There are some people who are not part of the cryptocurrency industry because they were scammed by scammers or sold their Bitcoin investments at the wrong time, all due to a lack of proper knowledge.

Investing in Bitcoin is not really hard when someone is genuinely interested. All they need to know at the start is the difference between non-custodial and custodial wallets, and the best exchanges to buy Bitcoin. After buying, they should move it to the right wallet, which is a non-custodial wallet, for proper security. Once someone has this knowledge, they can start investing in Bitcoin. It doesn't require a lot of experience to begin a Bitcoin investment.

When they start investing with they little knowledge they first gathered they will continue learning. Infact start after investing, the desire to protect their funds will make them more serious about learning about Bitcoin and others cryptocurrency. Nobody likes to lose their invested Bitcoin.

As a beginner the primary focus should be on bitcoin. They should not have anything to do with any other crypto currencies, because that's where the scams are. That's the mistake most people do. Beginners should just stay on the lane of bitcoin, be it on learning basis or investing. They should forget whatever anybody is telling them about learning any crypto currencies, because the moment they do that they are already positioning themselves for scams. Whatever you are continuously reading or learning has a great potential of influencing your future decision/judgement. If they dive into learning about other crypto currencies, they will be tempted to invest in it. And when they invest in it and get scammed they will relate it to bitcoin and they will lose their interest to keep holding bitcoin.

My brother, you are very much on point, most newbies in this crypto space are very much misinformed, they were mostly told that shit coin and alt coin gives more returns, but they were not told all it entails, how they fell more than they rise, how most people have lost their hard earned money by  investing in shit coin.

Most times, it's just greed, some are rightfully informed, but because of 10x to 100x, they choose to gamble their hard earned money on it, when it goes south, they start saying that they were scammed, and started associating Bitcoin with it, by generalizing it, but the good thing is that, at some point, they will learn the hard way, because greed is never a good thing in this crypto space, so in essence is that it's only greed or misinformation that will make an investor to invest in shit coin other than Bitcoin, when it's very clear that Bitcoin is the only reliable currency in the crypto space.

[Zackz5000]

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

Considering your fate or thought will actually make an investor not to have a good quantity of Bitcoin stack in his portfolio, when other investors are busy accumulating more Bitcoin while you keep on listening to news or doing researches before accumulating Bitcoin which will really slow down your Bitcoin accumulation journey just as you have said.
It actually got me confused too it would have been understandable if you stand on one point rather than puting new investors in a confusional conference.