Buy the DIP, and HODL!

[I_Anime]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Yeah that 9 factory by sir JayJuanGee was actually a big help to me too had to take my time to go through it , so is highly recommended for anyone that's new to bitcoin, especially those that want to engage in long-term holding in bitcoin. Because is due to not having good guide or knowledge that's most people most time endup Messing up with their investment (bitcoin). I was once like that going into this space without any proper guidance or knowledge. I endup with countless losses as a trader but now I'm more of a holder ( long-term Investor) than a trader.

Well we have been saying that one don't need any complex knowledge to start accumulating bitcoin which is true, but as time goes he or she is going to need some good knowledge about Bitcoin in order to keep their bitcoin investment moving smoothly.

[Zackz5000]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Waiting for the dip before accumulating Bitcoin will really delay or slow down your Bitcoin accumulation journey it simply means that if the price of Bitcoin doesn't dip you won't be able to accumulate Bitcoin which is a wrong approach in term of accumulating Bitcoin because you won't have enough Bitcoin stack but with the continue use of the your DCA strategy you can accumulate more Bitcoin regardless of the price level either weekly or monthly and hodl for long with your discretionary income available rather than waiting for the dip in price before accumulating Bitcoin.

[Greyhats]

Adding some info to the ongoing discussions about different strategies with a real life example.

I came into some extra funds 3 months ago, instead of lump summing it I spread it out over my weekly DCA's for the last 3 months. The last DCA plays out next week.

Last week I came into some more extra funds, I changed my strategy for this slightly. I lump sum bought 20%, i have laddered buys with another 20% and then spread the 60% left into my weekly DCA's. If the laddered buys dont get filled in the next two months I will shift them into either increasing the DCA amounts or doing a lump sum buy.

The reason I changed my strategy is that i think(i dont know) that it will be a bit more volatile over next two months than it was over the last 3 months. I think there will be a few wildish swings but over all we will be going up. So the 20% ladder buys is there to account for that. Worst case I have to buy at a higher price later on.

The price was nice when I lumped in, so happy with that 20% in. It could of course go down too, so the ladders are there as a a bit of a hedge. The DCA what can I say you all know what it is, how to do it, and why we do it

Keep Stacking!!

[WhoYouCantKill]

Mr JJG, the explanation you explained was quite good and added insight for me. I will make it a practice not to think out early and continue week after week to continue accumulating Bitcoin. Why do I believe that is because the money I use to invest in Bitcoin is money that is not used or that is not burdened in my daily life. For this reason, I will no longer say when the ideal age is for them or for myself to experience the results of investing in Bitcoin because it is all their own decision.
~Snip

Yes, JJG does provide very appropriate advice for anyone who wants to invest in Bitcoin (especially for members who like discussing or reading his posts). Especially in terms of thoughts or ideology about collecting money into bitcoin. Because it cannot be denied, many people and sometimes me too, think too much when they want to buy Bitcoin. Although basically it is normal to think first before buying Bitcoin, if you overdo it it will definitely end badly.

Moreover, thinking too deeply about when can enjoy the results of Bitcoin investment will certainly dampen enthusiasm for investing, especially for people who are no longer young. So as you said, if have money that is very cold or unused, don't think too much, it's better to just collect it in the form of bitcoins. Because in essence the money invested in Bitcoin will certainly not be lost or suffer losses, but what is certain is that the money invested will still be there and its nominal value will definitely continue to increase. Because it has been proven to date, Bitcoin continues to experience quite significant price increases.

I believe we who are now the current set of investors are at a better advantage than earlier investors and we can actually learn from the mistakes they've made and ensure that we don't repeat those mistakes.

I doubt that we can avoid mistakes.  We have to do the best we can with the information that we have, and sometimes we are going to make mistakes because we might not sufficiently figure out how to tailor our approach to our own circumstances, and so we likely will have to tweak our approach from time to time, since our information might change and also our circumstances might change and we have to make choices about how to balance out our approach to attempt to best account for those changes in information and/or circumstances.

If you say more profitable, I don't think that's the right word. Because current bitcoin investors and also old bitcoin investors, if you look at the price of bitcoin, it is clearly more profitable to buy bitcoin in the past. So if you look at this, it is clear that bitcoin investors who have been around for a long time can be said to be more profitable than current investors. However, if viewed from a scientific context, it is true that bitcoin investors who are just starting out now find it easier to find information about bitcoin investment. Because as you said, we can take the experiences and mistakes experienced by previous investors and use them as lessons for us now.

However, as JJG said, the knowledge we take from the experience of old investors will not guarantee us 100% error-free. This is indeed true, because everything in this world continues to develop, including bitcoin too. Because a simple example like this, stock investment, has been around longer than bitcoin investment. So everyone who wants to invest in shares must be able to avoid mistakes that can cause losses, because there are still many other people's experiences that can be applied. However, the evidence is that currently quite a few people have experienced losses in stock investments due to their own mistakes. So that's what's happening among bitcoin investors right now. Even though can get a lot of information and knowledge about Bitcoin investment, there are still many who can fall into the abyss of mistakes or losses.

So what triggers this to happen? namely implementation.
Because in essence what is difficult is not seeking knowledge, but what is more difficult is applying that knowledge to the bitcoin investment that we make. So even let's say someone is going to invest in bitcoin and hire a great mentor who has experience with bitcoin. This will be useless if the person who hires the mentor does not apply all the knowledge that the mentor has explained to him.

Both of us seem to be suggesting that learning comes from experience, and personally, I am not even suggesting that people are going to learn and the same rate. Some people learn faster and might even have had better and more interesting experiences in their lives prior to getting into bitcoin, and frequently if we try to be in touch with our limitations we might be able to experiment and also to try to make sure that we are learning from our mistakes rather than making similar mistakes over and over, since sometimes it can be difficult to even know the extent of our mistakes and some practices might not be the right practices.  Sometimes we might get overly focused on short-term profits, lack of profits or even losses that we have, but then we also might learn that getting too focused on short-term might not be to our advantage if we are accumulating bitcoin and we are early in the process of BTC accumulation, we may well not be in profits, and it may well not even be very important if we are in profits. Sometimes it might be better that we are not in profits in the beginning, since in the beginning we should be accumulating BTC, which can take one or two cycles to get to a really good place with our BTC accumulation, depending on the level that we are able to make our disposable income - which also sometimes young people might be attending school (university) and training in various ways so they might not be in as good of a position to increase their disposable income and to invest into bitcoin, so they have to find a balance in their investment that is comfortable for them.

Experience may be more important than a mentor, yet the idea of a mentor is to get advice and guidance, yet sometimes the free sources are as good as the paid sources, yet guys have to figure out their balances in that too, since one of the selling points of a paid mentor is that they will specifically focus on helping in a way to cause a belief that their services were worth it.

You are right, experience is a great teacher, nonetheless, free things such as tutorials, speeches in podcasts, or books could be as good as or even better than paying for a mentor. However, getting a good mentor is valuable since he or she will be assigned to guide, monitor, and support the person being mentored.

As you rightly pointed out, the issue is to achieve balance. Some of them may like studying by themselves, while some of them depend on individual help. Mentoring can be done freely, charged or fully paid meaning paid mentors come with the advantage of giving individual advice and have a stake in the mentee’s success but of course this comes with some cost.

In the end, the goal is to discover what would serve each person well, whether it is using the websites and the free apps or enlisted assisting via paid professionals or learning on the job. And you’re correct, for every man has his own proportions and an idea of how much time he is ready to spend for his personal and professional development.

[Frankolala]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Waiting for the dip before accumulating Bitcoin will really delay or slow down your Bitcoin accumulation journey it simply means that if the price of Bitcoin doesn't dip you won't be able to accumulate Bitcoin which is a wrong approach in term of accumulating Bitcoin because you won't have enough Bitcoin stack but with the continue use of the your DCA strategy you can accumulate more Bitcoin regardless of the price level either weekly or monthly and hodl for long with your discretionary income available rather than waiting for the dip in price before accumulating Bitcoin.

Waiting for the dip is like you are going on a journey by bus to a bitcoin city which you don't know when you will get there, and some people are already half way of their journey to Bitcoin city and you are left with three buses. Bus A, B, and C. You are on the bustop and Bus A is the dip, you were there at the bus stop when Bus A came to pick passengers to that are going to the same state that you are going to, instead of you entering, you say that the price is too expensive and it got filled up and left. Immediately Bus B came which the price is just few dollars higher than Bus A, but you refuse to enter and decided to still be waiting for Bus A that is on his way to Bitcoin city which you don't know when it will get to there and come back to pick you up.

Bus C came and you are still less concerned about going because the price is still not the same with Bus A. Before you know it, you will sleep at the bus stop for many days which you don't even know if Bus A will come back or not. And those people that entered Bus A, B and C have covered some part of their journey to bitcoin city, and you are still there waiting until you will get tired and use your transport for something else because you need to eat while you are waiting. All the people at the bustop with you who are also going to bitcoin city joined the three buses but you choose not to join them because you wanted a cheaper bus fare, you might end up not reaching bitcoin city in your life because you took those buses opportunities for granted.

Getting started with your bitcoin investment as a new investor is what will make you have a good bitcoin size, when you are on strictly DCA with commitment for la very long time than who is waiting for the dip because he might end up being a low coiner when he is no longer able to accumulate more bitcoin due to old age.

[avp2306]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Waiting for the dip before accumulating Bitcoin will really delay or slow down your Bitcoin accumulation journey it simply means that if the price of Bitcoin doesn't dip you won't be able to accumulate Bitcoin which is a wrong approach in term of accumulating Bitcoin because you won't have enough Bitcoin stack but with the continue use of the your DCA strategy you can accumulate more Bitcoin regardless of the price level either weekly or monthly and hodl for long with your discretionary income available rather than waiting for the dip in price before accumulating Bitcoin.

It will slow you down to the fact that you are waiting for the scenario which is unpredictably happen. Also if there are dumps would came then lots of negative sentiments spread you will provably get affected then afraid to accumulate in that situation. So for people planning to accumulate maybe more better for them to ignore waiting that scenarios since it will never bring any good to them. They are not doing any trades so waiting for dips is really useless.

More ideal is they focus to implement the DCA method the way how they accumulate since this will give them more better realistic result. This has been discussed for many times so hopefully aside for learning the basic things needed to do at early part of their accumulation, they also know how to execute well so that there will be no other disturbance will come up on their minds. Lastly much better for people to ignore trading since volatility of the market is so harsh for people who doesn't have patience so people must avoid it to avoid losses.

[Cryptoprincess101]

Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.

Actually you can't blame those early Bitcoin investors who sold their Bitcoin way too early because just like some people are gambling on altcoins now that was basically how the early investors where doing same with Bitcoin because it was just a coin that was new into the market so no one would have given their 100% trust as at then and it's almost impossible to trust any system that just got introduced and has not gotten much attention and recognition by a large number of people so that was what happened among those early Bitcoin investors but now that they have seen the growth of Bitcoin I believe they won't find it difficult to buy at a high price now when they try to consider the price they bought it years back so the most important thing is having the finance to start now because with the height we all are anticipating the price of Bitcoin to reach, it's still at an affordable price now and buying Bitcoin doesn't mean we should go an all in or buy 1 BTC at a go, they can basically start accumulating now and hodl a reasonable amount that will boost their portfolio in time coming. I understand the psychological difficulties you are talking about but they don't need to continue dwelling in the past as Bitcoin has even proven to be more trustworthy now than when it was earlier invented. So the only thing now is to accept the mistakes of the past and move on to start making accumulations.

I doubt that I am blaming early bitcoiners for selling, since we can make investment choices and even selling choices, and then we have to live with the consequences of our actions, and surely some folks learn from their experiences better than others.  And, whether someone considers it to be a mistake to sell too much too soon, and yeah the way I am describing it is as a mistake because a lot of people do not realize that they are selling too much too soon until later, and sometimes they make the same mistake over and over and over.  Other folks learn techniques in which they might still be able to sell, but not to sell too much and not to sell too soon.

There are also folks who spent 1- 2 cycles mostly accumulating BTC before selling any... so yeah, some folks recognize the value of what they have earlier than others.

And, yeah, knowledge about bitcoin has changed over the years, but people are still making the same and similar mistakes including NOT recognizing the value of bitcoin, which seems to be part of the explanation why we have so many no coiners and low coiners.  It could well be that somewhere close to 99% of there world's population is comprised of low coiner and no coiners, and no one is going to buy bitcoin for them, they have to figure it out for themselves and take action...otherwise they will remain low coiners or no coiners.

It will be a fair time for an investor who considers to sell after 8 years (2 cycles] because by then he must have made a lot of accumulations and decides to take profits from his investments so it all depends on the time target of the investor and if he has succeeded in owning a huge stash of bitcoins in his portfolio.
        Any early investor who sold their Bitcoins in the past and are willing to start all over again to make accumulations I don't think they have to feel bad about their wrong decisions years back again they should just accept the current price and make sure they don't repeat the mistakes of the past anymore and allow their investments to grow for a long time before thinking of selling.
         Even if the higher percentage of the world is not hodling, it is the duty of those who have heard about Bitcoin to exonerate themselves from the majority that are not hodling and make sure they take proactive measures that will strengthen their investments in Bitcoin and forget about those who are still making mistakes of the past, of course those that don't understand the history of the past are doomed to repeat the mistakes of the past so it will be so bad if someone who made bad investments decisions in the past still continue in same mistakes in this modern day that Bitcoin investments have proven to be the best way to wealth creation for those who can be patient enough to reap the dividends of their hodlings.

[JayJuanGee]

Some investors got to bitcoin early, yet did not recognize what they had, so they end up selling way too much too soon, so instead of continuing to buy bitcoin and making sure that they are continuing to build their wealth, they see 2x, 5x, 10x or even higher levels of profits in dollars, so then they end up selling way too much too soon, and based on their own income, they are not able to accumulate nearly as many bitcoin as they previously had with anywhere close to the same amount that they had invested earlier.. .so yeah, maybe they will come around to buying bitcoin again, but it can become psychologically difficult to switch from an accumulator to a trader and then to get back into accumulating, becuase there may welll be a realization that BTC buys may well end up being made for way higher prices than the earlier sales.. so that causes psychological difficulties.

Actually you can't blame those early Bitcoin investors who sold their Bitcoin way too early because just like some people are gambling on altcoins now that was basically how the early investors where doing same with Bitcoin because it was just a coin that was new into the market so no one would have given their 100% trust as at then and it's almost impossible to trust any system that just got introduced and has not gotten much attention and recognition by a large number of people so that was what happened among those early Bitcoin investors but now that they have seen the growth of Bitcoin I believe they won't find it difficult to buy at a high price now when they try to consider the price they bought it years back so the most important thing is having the finance to start now because with the height we all are anticipating the price of Bitcoin to reach, it's still at an affordable price now and buying Bitcoin doesn't mean we should go an all in or buy 1 BTC at a go, they can basically start accumulating now and hodl a reasonable amount that will boost their portfolio in time coming. I understand the psychological difficulties you are talking about but they don't need to continue dwelling in the past as Bitcoin has even proven to be more trustworthy now than when it was earlier invented. So the only thing now is to accept the mistakes of the past and move on to start making accumulations.

I doubt that I am blaming early bitcoiners for selling, since we can make investment choices and even selling choices, and then we have to live with the consequences of our actions, and surely some folks learn from their experiences better than others.  And, whether someone considers it to be a mistake to sell too much too soon, and yeah the way I am describing it is as a mistake because a lot of people do not realize that they are selling too much too soon until later, and sometimes they make the same mistake over and over and over.  Other folks learn techniques in which they might still be able to sell, but not to sell too much and not to sell too soon.

There are also folks who spent 1- 2 cycles mostly accumulating BTC before selling any... so yeah, some folks recognize the value of what they have earlier than others.

And, yeah, knowledge about bitcoin has changed over the years, but people are still making the same and similar mistakes including NOT recognizing the value of bitcoin, which seems to be part of the explanation why we have so many no coiners and low coiners.  It could well be that somewhere close to 99% of there world's population is comprised of low coiner and no coiners, and no one is going to buy bitcoin for them, they have to figure it out for themselves and take action...otherwise they will remain low coiners or no coiners.

It will be a fair time for an investor who considers to sell after 8 years (2 cycles] because by then he must have made a lot of accumulations and decides to take profits from his investments so it all depends on the time target of the investor and if he has succeeded in owning a huge stash of bitcoins in his portfolio.
        Any early investor who sold their Bitcoins in the past and are willing to start all over again to make accumulations I don't think they have to feel bad about their wrong decisions years back again they should just accept the current price and make sure they don't repeat the mistakes of the past anymore and allow their investments to grow for a long time before thinking of selling.
         Even if the higher percentage of the world is not hodling, it is the duty of those who have heard about Bitcoin to exonerate themselves from the majority that are not hodling and make sure they take proactive measures that will strengthen their investments in Bitcoin and forget about those who are still making mistakes of the past, of course those that don't understand the history of the past are doomed to repeat the mistakes of the past so it will be so bad if someone who made bad investments decisions in the past still continue in same mistakes in this modern day that Bitcoin investments have proven to be the best way to wealth creation for those who can be patient enough to reap the dividends of their hodlings.

I don't really have any problems with what you are saying, yet I still would like to quibble with the idea that after 8 years investing into bitcoin (presumptively accumulating bitcoin) the person would feel some needs to "take profits," since that just seems like a trading term, but yeah, sure, after 8 years investing into bitcoin, there might be some abilities to transition into maintenance or even liquidation.. but there likely would not be any need to rush such process to transition, and surely we are presuming that a person investing into bitcoin for two cycles might have had reached his accumulation goals, which may or may not be the case in terms of realities and potential needs to reassess where he is at and if he might feel that he can transition out of BTC accumulation and into some other variation that might be deemed as maintenance.  He may well have to continue to assess his 9 factors in order to figure out whether he actually has gotten into some other stage of his bitcoin investment journey, and I still am bothered by calling whatever he does as "taking profits" since bitcoin is the most pristine of investments, but there still can be some reasons to balance and rebalance, especially after guys have reached certain levels of BTC accumulation.

[Btcdeybodi]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

[Samlucky O]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price.

Yes actually price is an important factor, but waiting for it to dip before buying may not be the right decision, rather you can apply all the three bitcoin investment strategy which are buying the dip, Dolla cost average (DCA) and lump sum. Atleast this will make you buy regularly through DCA and buy the dip when bitcoin price is dip or you can lump sum at a go when its dip or when you have received a huge fund which you will like to invest once. so that it would not be something you will have to wait to dip before buying. because bitcoin price always rise and fall so the DCA will keep you balanced in other not to put yourself into unnecessary stress of checking the price of bitcoin and when to buy the dip. Just make sure you always have a discretion fund to help you achieve this target because that will be your purchasing power after you may have settled all other family expenses.
 

These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

The number (1) of the (9) strategy which is cashflow may  not only be the best option, I believe that with my explanation above I think the number (8 ) is also important which you can check from the quote below from JJG 👇

   
(8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,

This means as time goes on you will learn more strategies because it's not only for newbies because surely most people still lean more strategies as time goes on. Since no man is an island of knowledge.

[Taskford]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

They are just giving their selves an issue and hardships for waiting on the dip since instead of they could start already there investment, here they are still monitoring the market waiting for perfect time before they buy. Usually those people do that didn't actually have strong faith on long term investment since maybe they have luck of understanding the way how bitcoin hodl should be done. Although its good for people to buy at the dip if they can spot it, but the question there is it really worth it to wait for dip to accumulate? Well for me its no since it will just give us wrong thoughts about how everything should be done on our bitcoin investment.

If they just start when they have funds and ready to accumulate then provably that they would became more consistent investor especially if they do those working strategies so well.

[laijsica]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

In most cases the dips seekers lose their opportunities and run out of cash that they had set aside for investment. To ensure proper utilization of your assets you should start depositing bitcoin today without any delay. The DCA method gives you the huge opportunity to accumulate any amount of bitcoin that are disposable. If you are constantly looking for dips to invest you will actually end up losing the level of dips you expect for a long time and depriving yourself of bitcoin holdings when you should have started DCA to accumulate your precious bitcoin even if to a limited extent. Later, if you get a downward price trend, you can definitely take an aggressive buying opportunity.

In line with your income and the disposable portion can grow progressively larger with regular deposits. But you shouldn't be in a hurry to tidy up your portfolio quickly as you need to continue to accumulate for a long time and gradually increase against consistent income so that the size of the stash grows simultaneously. If necessary you can try to complete more than one cycle to make it easier to achieve your desired goal.

[Tmoonz]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price.

Waiting for the dip is old fashioned for anyone that is still in his or her accumulation stage especially if you have not gotten to your maintenance level where probably you might not be buying or being consistent with your DCA but may decide to be buying at the dip only, Bitcoin volatility nature is what anyone coming into the space should be able to get used to as an inherent trait such that instead of looking at the market condition before making purchase of Bitcoin he or she is meant to focus more on increase his size of Bitcoin, waiting for the dip before buying Bitcoin is a wrong approach since the DCA strategy allows you to buy Bitcoin irrespective of it's point in different intervals either weekly or monthly, one can still be consistent with his dcaing and at the same time make other plans of buying at the dip, but as me focusing on my DCA is the best for me because I might not want anything that will distract me from my original plan.

[Popkon6]

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP?

Investing in the DCA method will invest in dips and pumping in the Bitcoin market, so if you invest regularly it will definitely control the average price. Investing in Bitcoin and DCA method is most popular as it has very low probability of loss, saving on both sides. It will save you the most if you buy regular dips, but the bitcoin market doesn't dip all the time so regular DCA method investing is the best method.

Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

In the case of Bitcoin, the more Bitcoins you accumulate in the DCA method, the larger the portfolio will continue to grow. Because this is the only DCA method applicable to anyone, because it can be dumping the market if they buy bitcoins at once. But if you follow the rules and keep investing in the DCA method over and over again, that's how the portfolio will continue to grow.

[B2Z]

You are right, experience is a great teacher, nonetheless, free things such as tutorials, speeches in podcasts, or books could be as good as or even better than paying for a mentor. However, getting a good mentor is valuable since he or she will be assigned to guide, monitor, and support the person being mentored.

I agree with you because experience is such an important factor in human life which prepares people to take many practical life tough decisions so having experience can make life's tough times easier. If we talk about experience it means that if we don't have experience in doing any business then we can't succeed successfully so experience is very important. If we talk about bitcoin investment then our experience is indispensable if we can gain enough experience bitcoin then bitcoin  It will help us in investing which will make us more interested in Bitcoin and if we are successful once we will publish this experience which will make others invest more in us. As we need experience on one hand and our patience on the other hand if we use these two properly then we will achieve a considerable amount of success in any investment which will help us to move our life forward.

[rachael9385]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

From my perspectives, I have concluded that every price is a dip (no matter how much it is) because we are expecting the price of Bitcoin to reach $100k or more this year or next year and from what I have imagined so far, I don't think that it will still drop below $50k or $60k anymore. Besides even if it reduces below $60k it's an opportunity for us to buy more.
However, IMO waiting for a dip is not also a good plan because none of us knows the actually date/time a dip will start, so waiting for it might not be a good idea. Now that Bitcoin is not above $70k I also called it dip because it's not too hight for me to buy.
We might be waiting for a dip and Bitcoin will be increasing and we might still end up at the wrong side (not buying) so why not buy it now and hold?
Accumulating Bitcoin with a DCA strategy is also a good plan but the only thing that might not work well is if one is waiting for a dip before he starts DCAing, and unfortunately price didn't dip at all. It's not a must for one (mostly a beginner on investment) wait for a dip before DCAing. One might know a good strategies but what won't make the strategies work for him is only a bad decision, which means even if one knows a good strategy but didn't make a good decision his portfolio wouldn't satisfy him/her.

If we talk about bitcoin investment then our experience is indispensable if we can gain enough experience bitcoin then bitcoin  It will help us in investing which will make us more interested in Bitcoin

Well, I am quite confused here but from what I can say, as a beginner in Bitcoin investment, you just have to get started as long as you have known how to buy. Just in a short period of time you will understand more about Bitcoin investment, because as you are buying continuously you will get to understand more about Bitcoin investment. You will also understand that price of Bitcoin is fluctuating, which means you have to hold for long term so that you can be able to make a resealable profit. If you wait to understand about Bitcoin before you start investing, you will miss a lot of opportunities.

[Sim_card]

You are right, experience is a great teacher, nonetheless, free things such as tutorials, speeches in podcasts, or books could be as good as or even better than paying for a mentor. However, getting a good mentor is valuable since he or she will be assigned to guide, monitor, and support the person being mentored.

I agree with you because experience is such an important factor in human life which prepares people to take many practical life tough decisions so having experience can make life's tough times easier. If we talk about experience it means that if we don't have experience in doing any business then we can't succeed successfully so experience is very important. If we talk about bitcoin investment then our experience is indispensable if we can gain enough experience bitcoin then bitcoin  It will help us in investing which will make us more interested in Bitcoin and if we are successful once we will publish this experience which will make others invest more in us. As we need experience on one hand and our patience on the other hand if we use these two properly then we will achieve a considerable amount of success in any investment which will help us to move our life forward.

The best way to get the experience in bitcoin investment is to start investing as a new investor because that is when you will be able start having the experience of the market and how to control your emotions when the price of bitcoin dips and pumps. Knowing about how much of your discretionary income that you will use to buy bitcoin regularly at your own pace maybe weekly or monthly by DCA  will be determined by you. Initially, you can start with little amount from your discretionary to buy bitcoin frequently.

As time passes by and you are having knowledge of the market, a time will come when you will have increased your faith in bitcoin based on your experience by then you can choose to increase the amount in which you are using to DCA so that you can accumulate more bitcoin compared to when you just started.

Bitcoin investment will also help you to have the experience on managing your discretionary income for the right purpose because you will be able to set aside your emergency funds, reserve funds and floats for backups so that you don't sell your bitcoin investment before time, because if you use the wrong amount it will affect you financially and that can make you sell part of your bitcoin. This will make you readjust the amount to the right one for you to continue accumulating with ease and less worry because have corrected your previous mistakes and everything is put in order for a long bitcoin accumulation goal.

[promise444c5]

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.

There's nothing actually bad taking Buying Dip along with your DCA so far  you have the disposable funds for it....
However, Buying DIPs can come from various perspective depending on the buyer, you can choose to buy every DIPs no matter how small it is or you can choose to have a target for your DIP entry which doesn't work most times as your expectations might not be met . The best thing is just sticking to the first statement "you have the funds to buy a dip?? buy it when the need arise" and make sure this doesn't affect your DCA(that's why I said disposable funds and provided you also consider your emergency funds..

[JayJuanGee]

   
(8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,

This means as time goes on you will learn more strategies because it's not only for newbies because surely most people still lean more strategies as time goes on. Since no man is an island of knowledge.

You learn strategies, but you also learn about yourself, and sometimes you are forced to tweak because either your circumstances are changing in regards to cashflow or even size of your bitcoin stash, but also circumstances around the market might even be changing to cause you to want to adapt in various ways to make sure that your expenses are adequately covered or maybe you are saving up for something that you want to buy (like a car or something expensive like that) with your reserve funds, so you have to fit those changing personal and/or world circumstances into how you are planning and how you are putting your plans into action.  Many times folks will argue how they are motivated by various world circumstances and their perceptions of where the BTC price might go in light of world circumstances, and sure those world circumstances are relevant, but they are likely not as relevant as the weight that people give them as compared with other various personal circumstances around balancing cashflow and discretionary income and making various projections and back up funds related to present and projected personal circumstances... even projecting out 6-18 months cashflows, expenses various kinds of reserves ... expenses and cashflow will be more specific in the present and the immediate month, and become more and more general when it gets further out, but even the next three months might include a certain high level of specificity in regards to certain expected expenses and certain expected income flows.

[ginsan]

Wow, amazing, we've reached 500 pages 

I believe 500 pages contain many posts that are quite high quality and useful for us or beginners to find effective ways to invest in bitcoin and the key is buy and hold.

They will easily find it if they want to dig up a lot of constructive information about bitcoin investment in this thread.

Especially for OP and Mr JJG, both of them are our role models with the experience they have and they also provide quite constructive suggestions.

Also to everyone here and I hope we all have one goal, namely buy and hold whatever strategy you use.

Bitcoin has united us with the investments we make, meaning we share useful information with each other in long-term investment planning.

DCA is also well known in this thread and I myself apply DCA in bitcoin accumulation in my investment journey.

Today Bitcoin is green again and we hope we will continue to see price movements continue to strengthen until the end of this year.