Buy the DIP, and HODL!

[JayJuanGee]

One of the major thing an investor should know especially the newbies coming into cryptocurrency is to have a strong and prepared mindset that when bitcoin price dips, it should be an opportunity for us to buy more and not to panic into selling off my portfolios. A newbie that is able to conquer this in their mind, they will never have problems with the dip. 1BTC will always be 1BTC unless you take a portion of it and sells out that its value will reduce. A projected profit target should be reached before you sell off your bitcoin.Many dips have come and gone and bitcoin always bounce back. The enthusiasm in bitcoin has made it an asset that many people have believe in to always bounce back even when the future of it is not certain by anyone. Owning bitcoin for several years is not a guarantee that they can be able to withstand the market conditions, if their mind is not prepared for it, they’ll always feel bad and have a reason to sell some part of it off.

The only nest time to sell part of your bitcoin is when you have already have more than enough Bitcoin in your portfolio that you might no need to buy more but just to hodli. And that does not mean that you should sell all your bitcoin because you have gotten the profit that you need from your bitcoin portfolio but only sell little portion that will not affect the size of your bitcoin portfolio at all, so that you can continue hodli your bitcoin for more compounding profit in future.

Well, it depends on the individual or institutions choice, someone can have more than enough Bitcoin in their portfolio and decide to diversify to other good investment option, it's a nice idea and they won't really be affected by their choice since they've already accumulated enough Bitcoin and they could still buy back when an opportunity comes or when they make profit from the new investment. But if you noticed, most institutions have refused to sale even when they're holding enough and are accumulating more instead. For instance, according to JP Morgan, institutions accumulated more while retails sold aggressively, they sold about $1b while institutions accumulated up to $14b, you can see that even with the rate of the recent dip, top holders accumulated more while lots of small and medium scale holders panic sold, that's the more reason I think new Bitcoin investors are more prone to panic sale than old investors.

Diversifying is good when you have more than enough Bitcoin but it is not everyone that has the proper knowledge to diversify and do it correctly. Also, I don't think that it is good to sell part of your bitcoin for diversifying sake but rather the funds that you are putting in bitcoin should be put into another investment since you feel you already have enough Bitcoin. Selling bitcoin to invest in another business can lead to running down your bitcoin investment because you might sell too much just to grow the new investment.

It is difficult to know what any of you guys are talking about overaccumulation or even diversification without some kinds of examples, and some of the ideas of overaccumulation and/or when the ideas of diversification might trigger might not even make a lot of sense without showing some kind of example of how bitcoin might have had appreciated during a time in which it was accumulated and contributed to a guy having had reached an overaccumulation status.

Let's say for example, a guy hears about bitcoin during the 2017 price run, and maybe this guys is in his early 30s, and he had already been working and investing fairly aggressively around 15% of his income in various traditional assets over the previous 10 years, so maybe at that time in late 2017 and going into early 2018 his investment portfolio was close to $100k and his income was around $40k per year... So when he decides that he was going to get into bitcoin, he considers that he wants to try to reach a target of 15% of his investment portfolio invested into bitcoin, which he considers might be a target of getting his BTC size around $20k-ish, if he adds $20k to the $100k of his already existing investment portfolio instead of taking from the $100k, so then he figures that if he invests aggressively into bitcoin, he might be able to reach his investment target in about 14 months, but he would have to invest somewhere in the ballpark of $300 per week, which he considers to be achievable based on his income and based on his various resources, including that he already had strong cash management systems (and back up funds) in place.   So based on his calculations he figures that if he starts investing $300 per week in January 2018, he will reach is goal of having have invested $20k in bitcoin and his original $100k in his traditional investment portfolio (and whatever that might appreciate during the year) by around April of 2019.. so he considers his investment portfolio should be in the ballpark of $120k by April 2019 and whatever other ups or downs that might happen in the market during that time.

He kind of needs to see how everything goes over his initial allocation and investment period, and maybe after the whole initial investment period he can consider and/or reassess where he is at (and historically we could se that $300 per week during that period would have gotten him to about 3.36 BTC by April 1, 2019.)

Maybe at that point in April 2019, he might want to reduce some of his investment levels in BTC back down to more of a maintenance level, so he might consider how much he is going to continue to invest into bitcoin as compared to his other investment.. so if he ends up no longer wanting to invest into his traditional assets that might be one thing, but if for example his employer has matching funds on a 401k retirement fund, he might still want to invest into his traditional investments based on the matching that his employer is doing... .. so maybe after April 2019, de decides to reduce his investments to $150 per week, and half goes to bitcoin and half goes to his 401k retirement funds.  So that would be $75 per week into each.  We can look back historically, and we can see that investing $75 per week into bitcoin from April 1, 2019 to present would have had caused the guy to invest around $21k into bitcoin and he would have had accumulated a total of 1.2 BTC.

So maybe by now the guy has around $150k or maybe close to $200k in his traditional investments, and he has around $41k invested into bitcoin which had accumulated a total of about 4.56 BTC (3.36 BTC + 1.2 BTC).  Had the guy overaccumulated enough in order to start to sell or what does he do?  4.56 BTC is worth about 172k in regards to its 200-WMA and $252k spot price, and maybe it is around 50% of the overall investment portfolio, even though the guy's initial target was to reach around a 15% allocation into bitcoin, so surely he is overallocated, but is he so overallocated to justify selling BTC or perhaps just continuing to invest in BTC or to divert into traditional investments.  The answer seems somewhat individual specific, even with a guy who spent 14 months investing into bitcoin pretty aggressively and where he did not stop investing into bitcoin over the years and perhaps according to his own budget, he is thinking that he needs to continue to invest into bitcoin (and maybe he might or might not want to continue to invest into his traditional investments), but he might not consider himself to be at or near fuck you status until the 200-WMA value of his BTC has reached somewhere between $800k and $1million, so either the BTC price has to go up by another 5x and/or he has to continue to accumulate BTC, yet it still can be a bit unclear if such guy even reached an overaccumulation status that would allow him to feel that it is o.k. to start to sell BTC at any time of his own choosing.

Maybe some other example can be given in regards to when such overaccumulation status might have had been considered to have been achieved that gives some perceived liberties in the selling of BTC department whether it might be considered as price based sales or time based sales.

I think that when we might be considering overaccumulation status, we might need to consider targets of the individual, budgets of the individual and also there are likely not too many scenarios in which DCAing into bitcoin is going to get anyone to an over accumulation status unless there might be some ways that the guy is able to front-load his BTC investment whether through DCA and/or through lump sum investing or perhaps if there might have had ended up playing out some great amount of BTC price appreciation that ends up causing the BTC portion of the holdings to become way disproportionate to other assets in the investment portfolio.

I would not mind seeing some numbers that might help to justify what a guy might conclude to be an overaccumulation status.. and maybe even some ideas in regards to how a guy gets to such status and how much time it might take to get there.

In situations like this, it is worth mentioning that we need a strong mentality when facing sudden market changes. Therefore, I always say to prepare yourself as best as possible before starting to invest in Bitcoin. This means that you have to be able to survive all the fud, drastic declines and also be able to fight the worries that surround your mind.

I like to say.  Get the fuck started investing in bitcoin, and prepare as you go, including that the ONLY preparation that you need prior to investing into bitcoin is to figure out that you have a disposable income, and if you do, then you can get started.  Now the devil is in the details regarding how much to invest, and how messed up your cashflow management (and psychology) might be, yet if you have a disposable income, then you have the prerequisites for getting started investing in bitcoin and you should be able to figure out the various other details along the way... hopefully you are not a dummy.  I am not going to presume normal people to be dummies who are not able to figure out the extent to which they have a disposable income or not. If they cannot figure out if they have a disposable income or not or they make mistakes in terms of figuring out that part, then that's on them, and seems to be part of basic knowledge that I am going to presume that an overwhelming majority of normies already have.. even if there are a lot of dummies in the world, that's on them to figure out basics of whether they can start out with investing $10 per week into bitcoin, $100 per week or some other amount that is reasonable for their individual situation.

Really like the ideas you give and I always remember to invest with money that we never use for living needs. That way, our investment will run smoothly without burdening our daily finances. If this is properly implemented, an investor will have a strong mentality in any condition. I remember when you mentioned the reserve money or emergency cash that we set up in the bitcoin investment strategy and of course now might be a good time to do that or take the money that we set aside to buy aggressively. But it is also very true as you said that the aggressive level is timeless or we can do it if we want to execute it and basically our income stream increases at that time.

But yes, it's difficult for me to put it together correctly but I like your very directed explanation. Of course we remain Hold in whatever conditions we will face during the investment journey and of course we get a lot of good input from you.

Even with your timeline registered on the forum, we can likely give examples of guys who might have had been modestly aggressive through the past 8-ish years and made a lot of progress in bitcoin accumulation based on merely a modest level of consistent aggressiveness in their bitcoin accumulation.  Yet surely there are also guys who have been registered during your timeline yet might not have had made a lot of progress in their in their bitcoin accumulation in their earlier years of being registered on the forum, so at some point, they might have had come to realize to become more aggressive and more consistently aggressive based on their own cashflow management implementations rather than trying to figure out BTC price moves that might or might not end up happening but instead trying to figure out how much of their budget they are able to target towards ongoing bitcoin accumulation.. and sure within such a potentially systematic approach they can classify their money as DCA, lump sum or buy dips with the realization that the buying on the dips method  does require holding some money back which may or may not be a good idea for the brand new investor, but a person who had been accumulating for a while might be in a better financial position to be holding some back for either buying on dips or other ways that he might allocate his various reserve funds related to living his life and having money for things that he wants or needs.  

For example, maybe a guy had been saving up to buy a motorcycle and he has around $1k in the fund, and the dip comes, he might decide to use half of that money to buy bitcoin rather than keeping it to buy the motorcycle, so after he uses half of the money to buy bitcoin, he realizes that he is going to need another few months to get his motorcycle fund back up to its previous level after he had take half of the money away from it to buy bitcoin on the dip.

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Yes I also think bitcoin market has been good to investors this year. Both people who invest little at a time and those who buy when price is low have been able to get bitcoin. But people who sold when price went down or are still waiting might be sorry later. I think it is best to keep investing little at a time and holding onto bitcoin instead of trying to guess what market will do. This way we can benefit from long term growth of bitcoin. Right now the price is around $57k which is a good time to buy.

It seems to me that there are frequently so many opportunties to buy, and each cycle seems to provide a lot of those kinds of opportunties to buy in, even though so many folks fail/refuse to take such opportunities to continue to accumulate or to start to accumulate in the event that they have not already gotten some BTC to help to prepare themselves for UP...so frequently it can take a bit of time for the UP to end up playing out, which yeah, should be considered as opportunities or ongoing opportunities... though we can never know how long such opportunities will last and/or if the opportunities may or may not get even better, so perhaps part of the problem continues to be the failure to take advantage of opportunities out of hope that they will get better, which may or may not end up happening.

[$crypto$]

What are you prepared with reserve funds to buy now it is time for DIP because bitcoin has fallen 20%, if there is no then continue weekly accumulation maybe that's the best way for middle people like us.

Who doesn't panic, everyone will panic seeing their portfolio falling deep, but then again investors the goal is not now this is not the end of everything, surviving will be better even the 4-year plan for hodl is still long then it can be to get through the current situation.

What is panicking now is that traders are going "long".
An investor will remain safe, will not be liquidated if he does not sell.
Hold on! Buy now.

You seem to be assuming, $crypto$ that people in your audience are in their earliest of BTC accumulation stages, and that surely makes sense for anyone still in fairly early BTC accumulation stages to not get too worked up about bitcoin prices, and just continue to buy.. .but yeah part of the problem can come when a person might question where he is at and had been considering that maybe he has enough BTC, but he is not sure, so then those kinds of guys who are in that status of not really being sure, they might start to get worried about how much their overall holdings are dropping in value rather than focusing on continuing to accumulate.

I otherwise agree with you $crypto$... part of the goal is merely surviving.  Sure you can continue to buy, but surely some guys ran out of money.  They bought on the dip and they DCA'ed already, so they might have to still wait for some time before their next cash comes in for additional BTC buys so they may well end up missing the greatest part of the dip, to the extent that it even matters, but people get worried about these kinds of perceptions of lost opportunities..   Yet we can still ONLY work with what we got.

Anyone who is just in the early stages of BTC accumulation, there is no need to worry about continuing the accumulation journey because that is the main goal. If they see this as a concern, they may be nervous and hesitate to continue accumulating, afraid that they will see the portfolio go down even though they have just started.

If he already has enough BTC, has his goal been achieved or still wants to increase his BTC, it is only natural that they have started to worry because maybe the portfolio is already large, so when there is a decline below 20% it can be a panic, but they should be able to relax if their target is not now, anyway because the price of bitcoin has definitely recovered again, just wait for patience.

Yeah of course we prioritize survival, if the reserve funds are used up buying during the decline then we cannot survive because the funds have run out, let this not be an opportunity to buy when it goes down, but if it can still be continued with DCA it has become something good too, the important thing is that we can survive as long as DCA can still be done while they can.

[Wind_FURY]

[edited out]

I believe the longer a person has been HODLing, and the lower his/her average purchasing price - he/she would have less probability to panic. That's perhaps because of simple human psychology and experience?

Think of person who bought his/her Bitcoins last cycle with an average purchasing price of $5,000 vs. a person who bought his/her Bitcoins this cycle with an average price of $50,000.

The solution for people who panic - Cold Storage in an offline computer. It will take a few extra steps to move your Bitcoin, making you not to move them at all.

I am not overly excited about your theory that the mere fact of being in profits is going to necessarily cause enough difference in the level of tension that any HODLer might feel based on BTC [price drops, since if we might go further in our example to suggest that the earlier guy might have had invested the same amount, such as $25k (so he has 5 BTC), and the later guy might have invested $25k, but he ONLY has around 0.5 BTC.

The guy with 5 BTC might feel that he is starting to get close to enough BTC, yet the guy with only 0.5 BTC might feel that he needs to continue to accumulate.  Maybe the guy with 0.5 BTC was similar to you in terms of his start date in BTC and he accumulated right around an average of about $60 per week in BTC since May of 2016.. and maybe he also made a few mistakes along the way (which you have also stated that you had made some mistakes along the way, too).

Sure both of these guys are in profits, but the profit levels of the first guy are so much greater than the second guy, and the first guy might even get distracted by whether continuing to buy more BTC raises his cost per BTC, but if he already has a practice of regularly buying $60 per week of BTC, he can still think through the matter in terms of whether he feels that he has enough BTC rather than thinking about the extent to which buying more BTC raises his cost per BTC.  

Maybe the second guy is so much close to his cost level, so buying more BTC largely just keeps him at a very similar cost level as compared to the first guy relatively speaking, yet their ability to hold and even their continued buying of BTC (rather than selling or fucking around with trading) may also relate to the kinds of goals that they might have for themselves that also might relate to their timeline in BTC and various other aspects of their cashflow management.. And surely if the later guy had also invested around $25k into BTC, but he had ONLY been in BTC for around a year, then maybe the second guy had been buying around $470 BTC per week for the last year.  and surely, he may well already be in a mindset to continue to accumulate BTC, but surely there could be questions about whether he is going to be able to continue to sustain buying around $470 per week or if he might have to make some tweaks to his budget based on various aspects of his cash management, as compared to the first guy might not feel as large of a burden to continue to buy $60 per week of bitcoin and the first guy might not even feel as much pressure to need to continue to accumulate BTC.

I suppose that I am not really disagreeing with you in any kind of meaningful way, yet there still is likely more going on in regards to the level of the conviction that each of the guys might have based partly on how they have set up their cashflow management and maybe even how they might feel about their BTC investment, as compared with other places that they could put their value or if they might even feel that it is futile to invest, and surely being in profits likely helps to reinforce the idea that bitcoin is a good place to invest, but a guy who had been investing longer might also sometimes end up getting impatient with his own desires to want to consume some of the profits of his investment.

It could be possible that at some point in his BTC accumulation journey, the first guy converted from a DCA strategy to a buying on the dip strategy.. but it also could be the case that at some point he considered himself to be out of his accumulation stage.  A similar thing could have had happened to the second guy, and surely there are some guys that do not realize the extent that they might have a need to at least go through a whole cycle of accumulation before they might transition to a new level of maintenance or perhaps to allow the incorporation of other kinds of ways of managing their BTC stash.

For sure my example of the second guy could also be wrong in the sense that if the second guy might have ended up accumulating a lot of BTC in a front-loading kind of way, and if he over did his front-loading or his accumulation of bitcoin, when the BTC price drops, he might get worried that he is losing whatever money (or profits that he felt that he had in bitcoin), yet that still seems to constitute a kind of trading and/or gambling mentality rather than an investing mentality or approach.  If the guy had a $100k investment portfolio, and he decided that he wanted to put somewhere between $15k and $25k into bitcoin in order to have 15% to 25% of his investment into bitcoin, maybe he ends up investing his money in a short period of time in various lump sums rather than DCA'ing, yet investing with the lump sums could contribute towards his being more nervous about his investment into BTC as compared with a guy who might have had been DCAing over a longer period of time.. and surely there are guys who might not have planned out their budgets very well who also might end up experiencing some level of panic if they might be using money that they need for some of their various expenses.

Of course, in earlier times, you had mentioned the ideas of locking yourself away from your BTC to make more obstacles to sell BTC, and I am not completely opposed to those kinds of ideas, yet it seems to me that we should already be able to have various mental barriers and even other systems and practice in place so that we are not having to physically restrain ourselves from selling.. and surely there are other kinds of security reasons that we might have systems in place to make it a bit cumbersome to get access to some decent portions of our coins.. in some sense there are likely some portions of our BTC stash that we are not transacting in or moving around, so there might not really be any need to access them regularly, even though we might want to check our ability to access them on a periodic basis... we shouldn't necessarily want to end up locking ourselves out of our coins by causing them to be colder than we had intended them to be.

From a psychological perspective, being in profit and being comfortable with your average purchasing price does help a person from feeling less-comfortable with his/her investment. Hypothetically, compare that with a person who recently purchased Bitcoin at $50,000 with his life-savings, then I'm confident that that person would absolutely feel ten times less-comfortable than the person who bought Bitcoin at $5,000 with his/her life-savings. Plus there's also the experience and how deep is the person's understanding which I believe also helps in HODLing Bitcoin.

But you're also right, some of it would also depend on a person's own psychology. Indeed purchasing Bitcoin using all of his/her savings does require a person to lose some of his/her mental sanity.

[EclipseXcrypto]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

[JayJuanGee]

[edited out]

From a psychological perspective, being in profit and being comfortable with your average purchasing price does help a person from feeling less-comfortable with his/her investment. Hypothetically, compare that with a person who recently purchased Bitcoin at $50,000 with his life-savings, then I'm confident that that person would absolutely feel ten times less-comfortable than the person who bought Bitcoin at $5,000 with his/her life-savings. Plus there's also the experience and how deep is the person's understanding which I believe also helps in HODLing Bitcoin.

But you're also right, some of it would also depend on a person's own psychology. Indeed purchasing Bitcoin using all of his/her savings does require a person to lose some of his/her mental sanity.

Even though I attempted to give a variety of examples, I did not consider my examples to really emphasize the extent to which a person might have had exhausted his savings, even though surely those would more likely end up being examples in which a person would be more inclined to panic.

My main two examples attempted to emphasize two possible comparative responsible approaches, yet one person had been in bitcoin for a while, so they are likely much less inclined to panic based on their having a long practice of buying, yet even my example of the guy who had ONLY been in bitcoin for a year, if he has a preset plan to accumulate a few hundred per week, then he likely would not be bothered by BTC price changes (and may even welcome a drop in prices) even though his BTC accumulation payment amounts are not really changing, and if the dip is relatively fast, he might not even end up catching the max of the dip, depending on the day of the week that his DCA is applied.

So maybe in some sense we are agreeing that the ones who seem to be flying by the seat of their pants are more likely to panic, yet even if the guy who got in had started to come into bitcoin without plans and with practices of flying by the seat of his pants, after several years and perhaps more than a whole cycle of bitcoin accumulating, he might have had  figured out some systems to help him to deal with large price changes, whether it is buying on the dip or continually buying... but yeah, the longer a guy is in, he might not feel as much of a need to continue to buy, so then when he might have a decent amount of cash building up from his not having had bought, he might really appreciate dips that are 20% or more and he might have one or two thresholds that trigger him to buy a bit more. 

I hate to attempt to pigeonhole these different kinds of guys too much since there surely can be quite a bit of variance when there might not be plans, and surely I tend to already have various plans, and I also have various buy orders that are already set at certain increments, and so even for me, sometimes I can still get a bit nervous if the BTC price is dropping so fast that so many of my buy orders are getting executed, so then I can sometimes even question myself in regards to whether I had bought too many at higher prices and I could have had set them lower and various kinds of questions including considering at what point I might start to get worried that I am running out of buy orders that are preset and if I might need to make any adjustments to what I had already preset.

[Lidger]

in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

besides that, with those who are experienced, I think maybe they will take advantage of this moment by buying more and taking long-term or long-term investments, for those who are still beginners, it is unlikely that they can take long-term or long-term investments. because it requires consistency that is truly maintained.

There is no certain opportunity in bitcoin meant for experienced investors only, opportunity is open to everyone regardless of your experience level. Every opportunity available can be utilize, so long as an investor have  the abilities to plan, strategies, and research you can make significant stride out from certain situations be it newbie or  whatever. Bitcoin investment is all about engaging in critical thinking that will enhance your investment portfolio. This forum have been very impact full that some new investors are aware of the knowledge that when there is price decline its an opportunity to take advantage of by purchasing more coins at lower prices to increase your holdings. What is necessary is to save money and be prepared for times like this becuase its unknown to anyone.

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing. It can be seen that all these investors will invest only motivated by seeing the success of other's investment, but what amount of money he is investing, how long will he hold this investment, but these things will not work in his mind. So I will always value the experience. Everyone should get enough understanding about the investor's investment and then engage in the investment

[Tmoonz]

in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.

besides that, with those who are experienced, I think maybe they will take advantage of this moment by buying more and taking long-term or long-term investments, for those who are still beginners, it is unlikely that they can take long-term or long-term investments. because it requires consistency that is truly maintained.

There is no certain opportunity in bitcoin meant for experienced investors only, opportunity is open to everyone regardless of your experience level. Every opportunity available can be utilize, so long as an investor have  the abilities to plan, strategies, and research you can make significant stride out from certain situations be it newbie or  whatever. Bitcoin investment is all about engaging in critical thinking that will enhance your investment portfolio. This forum have been very impact full that some new investors are aware of the knowledge that when there is price decline its an opportunity to take advantage of by purchasing more coins at lower prices to increase your holdings. What is necessary is to save money and be prepared for times like this becuase its unknown to anyone.

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing. It can be seen that all these investors will invest only motivated by seeing the success of other's investment, but what amount of money he is investing, how long will he hold this investment, but these things will not work in his mind. So I will always value the experience. Everyone should get enough understanding about the investor's investment and then engage in the investment

I would say that an experienced investor was once inexperienced hence both stages are as well very important, Bitcoin investment is quite different from other investment such that one doesn't need much of the understanding before getting started, perhaps there are so many things to learn while already in the market, a fans watching football game can not merely understand the intensity of what is happening inside the field compared to those playing. It is better to get fucking started and figure out other things on your way up.

[SuperBitMan]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.
Which ever way one chooses but it should be what will suit you.
Yeah the dip is a good opportunity for everyone to accumulate more Bitcoin irrespective of the strategy you are using.

The reason why some people panic when ever there's a dip in Bitcoin are.

1. Lack of knowledge.

Some people really don't understand how Bitcoin works and they don't know the history of Bitcoin growth, if one has knowledge about the growth of Bitcoin till date you will know that dip has been part of Bitcoin and still it has grown this big.

2.wrong mindset.

Some people has this mindset that Bitcoin won't grow more than a certain level or price, and some believe a time will come when Bitcoin will fall.
We were discussing about Bitcoin one day and someone said a time will come when will fall down to $20k or even more, all this mindset now makes some people to panic when ever there's a dip in Bitcoin.
However all this mindset are not correct and will lead people to regret why they didn't take there accumulation seriously just like those that had the opportunity to invest in Bitcoin 10 years ago but refused because of there wrong mindset.

[sotelorene]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Yes I also think bitcoin market has been good to investors this year. Both people who invest little at a time and those who buy when price is low have been able to get bitcoin. But people who sold when price went down or are still waiting might be sorry later. I think it is best to keep investing little at a time and holding onto bitcoin instead of trying to guess what market will do. This way we can benefit from long term growth of bitcoin. Right now the price is around $57k which is a good time to buy.

You are absolutely correct investing in Bitcoin little at a time is still like the DCA method which is termed the best strategy to invest in Bitcoin and investing little at a time doesn't mean one investment won't yield a good profit but it depend on how long you are able to hold your Bitcoin and how consistent you are in your DCA method there's never specific time that is said to be a good time to invest in Bitcoin, everytime is best to invest but for those who always buy at the Dip the best for them is falling down of Bitcoin (Dip).

So, does it mean that if there's no Dip in the market those who buys at the Dip won't invest. Do they always wait till Bitcoin Dip before they invest. Well, if they do..., I don't think the strategy is really good because the more one keep waiting for the Dip the more opportunity one will miss. Monitoring the market is like a waste of time and energy unless you are a trader because there's no need to monitor the market since one is investing to hold for some period of time. The falling down of Bitcoin price may be a great advantage but not for everyone because there are people who don't have enough fund to take advantage so in this case it's not for that person and if the person tries to..., Is either the person land him/herself into big problem or maybe panic later so the Dip shouldn't make us take decision or actions that will affect us later.

[Roseline492]

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing.

Even a novice with a proper understanding about Bitcoin doesn't need much experience because Bitcoin investment is like an express way were you just need to only concentrate on your accumulation, however from your perspective of the need of having experience I think I would agree with you to an extend because let me use @JayJuanGee for instance he has been into Bitcoin investment for a long time and he has gotten a lot of experience, so perhaps it was through those experience and knowledge he has he was able to advise us the new investors or starters to consider those investment strategies he has earlier explained because with his experience and knowledge he knew those strategies will seriously be of a help to everyone and all thanks to him our investment has been going very well through those strategies, so actually it was through this scenario I believe experience is good for guiding beginners on the right part to go about there Bitcoin investment but it shouldn't prevent someone from investing on Bitcoin.

[Cryptoprincess101]

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing.

Even a novice with a proper understanding about Bitcoin doesn't need much experience because Bitcoin investment is like an express way were you just need to only concentrate on your accumulation, however from your perspective of the need of having experience I think I would agree with you to an extend because let me use @JayJuanGee for instance he has been into Bitcoin investment for a long time and he has gotten a lot of experience, so perhaps it was through those experience and knowledge he has he was able to advise us the new investors or starters to consider those investment strategies he has earlier explained because with his experience and knowledge he knew those strategies will seriously be of a help to everyone and all thanks to him our investment has been going very well through those strategies, so actually it was through this scenario I believe experience is good for guiding beginners on the right part to go about there Bitcoin investment but it shouldn't prevent someone from investing on Bitcoin.

When we talk about a beginner or a novice, we are practically referring to those who have no formal knowledge about how investments in Bitcoin works but that not withstanding, a beginner or a novice as you call it don't need any experience at the start of their investment, all they need do is just to buy Bitcoin and hodl then with time they can learn about the different strategies that will propel them within the interval of making their investments. Experienced people are those that have been into investment in Bitcoin for long and they have understood properly how the market works and they have been conversant with the nature of how investing in Bitcoin works so learned and experience individuals like @JayJuanGee have the capacity to mentor a new investor on the right strategies they can use in order to become successful Bitcoin investors.

[avp2306]

Experience definitely counts, you can look at the investment strategies of an experienced investor and a novice investor to get proof of this, hopefully you'll get the answer. I have money I invested again when I wanted again I sold the investment like this but the investment does not happen. An experienced investor must plan before investing. How much money he can invest and whether he can do it consistently or for how long he will hold the investment is within the strategy of an experienced investor. An inexperienced investor who doesn't think too much about investing.

Even a novice with a proper understanding about Bitcoin doesn't need much experience because Bitcoin investment is like an express way were you just need to only concentrate on your accumulation, however from your perspective of the need of having experience I think I would agree with you to an extend because let me use @JayJuanGee for instance he has been into Bitcoin investment for a long time and he has gotten a lot of experience, so perhaps it was through those experience and knowledge he has he was able to advise us the new investors or starters to consider those investment strategies he has earlier explained because with his experience and knowledge he knew those strategies will seriously be of a help to everyone and all thanks to him our investment has been going very well through those strategies, so actually it was through this scenario I believe experience is good for guiding beginners on the right part to go about there Bitcoin investment but it shouldn't prevent someone from investing on Bitcoin.

When taking decision to invest with bitcoin for long term it doesn't actually need deeper knowledge like we need to know the technical aspects on bitcoin. Some basic buying then hold is fine since they already do a good start with that situation.

Now its up to the investor on how they deal with their investment since if they are damn serious with their decisions made for sure those learnings will follow especially if they are resourceful to seek those helpful information and participate on remarkable discussion regarding on bitcoin holding. Learning is long process that's why consistency is always important in bitcoin investment since without this and the investor doesn't have patience to wait provably that they might fail.

[Promocodeudo]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Yea, but some people will still complain because most of them fail to do the needful because of either fair or lack of understanding, even though the price dip to the lowest today, some people will still not buy, the will either sell, complain or procrastinate, I have always known that Bitcoin investment is for the strong thats capable of taking what the market  brings at anytime as an opportunity, don't be surprised that this topic of discussion which is buy the dip and hodl has not been a practical thing for many people here, because I believe that anyone that understand this facts will never think otherwise whenever there is an avenue to buy with whatever strategy that they think that is comfortable for them to purchase with, smart people are always looking for smart opportunities like the recent dip and I believe that they are the ones that has been buying during this continues temporal dip that has been occuring in the recent time.
Predicting the price of Bitcoin seem to be a time waste, I think volatility defines that in details, volatility do not favour investors all the time thats why when Bitcoin dip in price bitcoiners should grab such opportunity as if it will never present itself again because this stuffs works sideways, at all time investors should be expectant of any situation to occur but the major move should be to acquire more of the asset continuously with the little we can and hodl for the awaited inevitable future profit which is the set goal.

[Justbillywitt]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.

DCA is suitable for all level of investors, be it contractors or salary earners. A contractor who gets contract once in a while can make use of DCA perfectly. Nothing stops him if after executing a contract and he decides to invest like $3k into bitcoin, and he chooses to invest like $50 every weekend from the $3k he has set aside for investment. In this scenario, he is utilizing DCA method to invest, even though he is not a monthly salary earner. The moment you understand the concept of DCA, you will realize how it works. Every investors irrespective of your financial structure you can still make use of DCA. So don't think that DCA is just meant for salary earners alone. That's a wrong mentality.

[SOKO-DEKE]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Honestly, the Bitcoin market has given much opportunity to so many people who want to continue accumulating Bitcoin. However, I would not fully say that those waiting for a dip have started accumulating, except for those who are not too selfish and want more of a dip. Some people are still waiting for a further drop, even as the Bitcoin price recently dropped to $50k.

There is one problem with waiting for a dip: even if the price drops, your mind may still tell you to wait for an even lower dip. I know some people who have been waiting for a dip since they saw Bitcoin price at $40k a few months back, and they still haven't bought any.

I just wish they had been using the DCA strategy; they would have some amount of Bitcoin in their wallets by now. As for me, I don't really abide by the waiting method because it can cause someone to miss the opportunity of buying more forever, as Bitcoin is not something anyone can predict.

[Sim_card]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.

I don't think that the DCA strategy is not suitable for contractors. DCA is for everyone be it a salary earner, business man or contractor. Do you know that some contractors do make huge profits that can last them for one year than monthly salary earners. A contractor can have contract twice in a year and still DCA monthly without any problem. Since his funds comes in once in a while what he needs to do is a proper plan on how much he can use to DCA because he will have enough discretionary income after taking care of his bills for 6 months.

If he receives his payment, he can keep aside the amount of money that he will use to DCA regularly till another payment comes in. If for instance his discretionary income that he plans to use in buying bitcoin is $2400, he can choose to DCA weekly, biweekly, monthly or even quarterly. The contractor can use $400 to DCA every month or $1200 to frontload for  3 months and the other $1200 for the other 3 months. Or still if he wants to buy every week it means that he will be buying at $92 approximately every week.

What matters is proper planning because the contractor will just keep the $2400 without using it for any purpose but to invest in bitcoin according to the time he chooses to buy.

[DubemIfedigbo001]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.

Now are you trying to say that the contractor is paid every contract entitlement at once?, or are you saying that those contracts finished as soon as they're sealed?. I've never seen that pattern since I started seeking for contracts, every contract agreements has milestones and when such milestones are reached, certain amount of money is released by the employer to further the project. Not minding that contractors gets contracts once in a while, most contracts lasts as long as several months, so the contractor can plan himself to be consistent with DCA from periodic funding that comes from projects he undertakes. Some contracts even lasts for several years and there's consistent funding, so it's almost the same thing. Consistency can be achieved irrespective of your job description, as long as funds are available, proper planning puts everything in place.

Which ever way one chooses but it should be what will suit you.
Yeah the dip is a good opportunity for everyone to accumulate more Bitcoin irrespective of the strategy you are using.

This is even where the contractor gets more advantage than the salary earner as more funds are made available to him to plan for a longer period of time. If for example, he  buys $200 Bitcoin monthly and he sealed a deal of $10000 contract with 60% upfront payment and the dip presents itself within that period, he can opt to buy the dip at once with like $1000 which should have been for 5 months and then plan to buy again from the next 5 months.

Now he's gaining because he's purchased more quantity at the same price that a normal salary earner would still meet up with in 4 months time.

[KeenanEl19]

Of course, if we might know about some of the details of some newbie investors, such as if they are reasonably investing within their discretionary income and they are providing themselves with various kinds of cash cushions, then it may well become more and more likely that they are going to be able to have a consistent investment in bitcoin and they are not going to be easily shaken out of their bitcoin investment due to lack of proper financial preparations... yet sure, there could be other things, besides having solid financial preparations that could influence whether a person decides to stay or not in their bitcoin investment in the long term, such as 4-10 years or longer.

determining a plan is something that must be considered, because this is something that is also said to be important. if you think about it, for those who are just starting to invest in bitcoin, they have their own strategies and choices that they think are the best choices for themselves, whether it is long or short term, they will take what they think is good.

[Asiska02]

Of course, if we might know about some of the details of some newbie investors, such as if they are reasonably investing within their discretionary income and they are providing themselves with various kinds of cash cushions, then it may well become more and more likely that they are going to be able to have a consistent investment in bitcoin and they are not going to be easily shaken out of their bitcoin investment due to lack of proper financial preparations... yet sure, there could be other things, besides having solid financial preparations that could influence whether a person decides to stay or not in their bitcoin investment in the long term, such as 4-10 years or longer.

determining a plan is something that must be considered, because this is something that is also said to be important. if you think about it, for those who are just starting to invest in bitcoin, they have their own strategies and choices that they think are the best choices for themselves, whether it is long or short term, they will take what they think is good.

Starting out as a newbie in bitcoin investment does not necessarily translate that you would stay long and that does not mean that you’ll opt out as soon as possible. Other factors can contribute to how far you’ll be staying in the bitcoin investment. You just have to be sure that the factor is not such that cannot be handled by you when you’re already going far in the investment. You’ll definitely face some challenges like the cash flow, market conditions and other unforeseen circumstances that may annul your investment process, personal and urgent miscellaneous.

Sometimes, you might have already made up your mind and all you need to do was to continue and cross all the hurdles that may stop you from continuing, some cannot be overcome and you don’t have the choice than to pause and continue some other time. This is why it has also being necessitated to have a continous source and flow of income that can supplement your investment, when you can’t take from their to grow your bitcoin savings anymore, you can stop and continue some other time without touching the one you’ve already gathered over the time.

[Sobz]

The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly

Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.

For those who sells their bitcoin out of fear when the market falls it means the market is not for them. If everyone decides to hodl bitcoin when the market dips bitcoin may become scarce for investors to buy more to hodl, atleast when the market goes dip we have investors who are ready to sell to investors who are ready to always take advantage of the dip of the market.  Buying bitcoin and hodling it is a good investment plans that is why investors who have the understanding of buying bitcoin won't allow the opportunity to go of their way. I don't blame people who sells their bitcoin when the price falls, this happens because no better understanding of bitcoin. Accumulating bitcoin to hodl us for those that understands bitcoin better and not for people that are trying to make quick profit.