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Author Topic: Buy the DIP, and HODL!  (Read 100639 times)
cryptoWODL
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August 12, 2024, 04:10:44 AM
Merited by JayJuanGee (1)
 #10301


Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.

Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment.  

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.


Of course, the best time to invest is during the dip.
There's no specific time or period to invest in bitcoin. If anyone is interested in investing in bitcoin, and if that person has already kept the funds somewhere to start his bitcoin investment, the person can start right away to accumulate bitcoin with the DCA strategy. Trying to invest in bitcoin only during the dips is not a good strategy to adopt; it will delay your accumulation process, and you might miss out on holding bitcoin if the bitcoin price fails to dip to the price you want to buy. For the sake of those who are new to bitcoin or who are just starting their bitcoin investment, your comment is misleading because they will believe the best time to invest in bitcoin is during the dip.
Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

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Glen Hoddle
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August 12, 2024, 05:22:34 AM
Merited by JayJuanGee (1)
 #10302

🤔
I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.


Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).


What i feel about this is that i think there are some groups making profit off the selling and buying points can't be an individual actually but the major reverse stays on 69K+ (i might be wrong on this but  this is what i'm thinking because it more obvious that there's something going on at that region.... Nothing more for me actually the Dip has always been an opportunity and there're millions with same mind set even though the minors might be trapped with FUD(since the sell is on the wrong hands) but that does not really matter Smiley more people will keep buying the Dip.

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.
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August 12, 2024, 05:29:18 AM
 #10303


Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

Thanks for the tips! With DCA, as I understood, the factor of the volatility of the market can be minimized a bit, and I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.

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August 12, 2024, 05:37:46 AM
 #10304


Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.

Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment. 

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.



Of course, the best time to invest is during the dip.
You have to make a long term plan, and stick to that plan, you keep investing some part of your income regularly, and that investment must be from an income that you will never need, That is, you cannot depend on that invested money in any emergency. Don't panic and keep holding, and keep investing and holding until the real bull run happens. You will see that your ROI will be the minimum more than 3X after the original bull run.
The dip is just an opportunity to accumulate more with less price or account an not the best time to accumulate, if you say is the best time to accumulate that means one has to wait till the dip before one can start accumulation and the difference in amount may be very small.
There's no best time to accumulate Bitcoin as long as you have the knowledge about Bitcoin and how to invest you can start, there's no best time in Bitcoin accumulation.
This statement is one reason some people always wait for a dip to happen before they can start accumulating they feel the dip is the best time to accumulate Bitcoin.
Waiting for the dip or thinking the dip is the best time for accumulation will only slow you down in your accumulation journey and before you know it years has passed without you having a good number of Bitcoin.
If you want to go far in your Bitcoin accumulation then stop thinking about dip being best time for accumulation.

You know, before I use to think the best time to invest in Bitcoin is the Dip but while I was growing I realized that I was wrong and that it can only be best time for those who uses that strategy but that strategy is nothing to compared with the DCA method which is termed the best strategy in accumulating Bitcoin because one can accumulate regardless of the price or market movement and after accumulating it is advise to hold for some period of time. A wise person is someone who reads, Check himself if he's doing well or not in his investment and if he's not then, he will re-strategize and do what is needful and at the end of the day, he will see himself doing absolutely fine which is what every investor wants though it can be ard sometimes but it's always good and it may not be in Bitcoin investment but other investment or business.
In the Bitcoin market of investment, short term goal is usually for the week investors with FOMO or little dreamers who chases little profits and not being, aware, it becomes devastated that they are disappointed in that short while and they are blindfolded to take advantage by buying more and holde during when the market is Dipped.

Long term investors will always stand on the safe side enlarging their Bitcoins values in a gradual increase of the market, having enough to time to balance their emotions in eliminating of FOMO and then buying more and hodl while unpanick. There then they stand better chances to multiply their targets as a course of holding patiently as said, patient is virtue.

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August 12, 2024, 05:45:13 AM
Merited by JayJuanGee (1)
 #10305

🤔
I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.

I had been proposing bets that the spot price would not go below 20% above the 200WMA until after 2025, yet surely we have been getting pretty close to those numbers in recent times.  Even though I am willing to bet, I know that I could end up being wrong, so I would not be betting very much or even beyond 50/50 odds.. .. but yeah, when folks are proclaiming super low BTC price dips, they tend to back off of their assertions when you ask them to bet on their prognostication of such seemingly extreme dip numbers.

We know that there is an idea of cycles and what kind of a market we are in, too, but even the ideas of cycles could disappear, and we might not be in a bull market, even though it seems that we are, potentially until 2025-ish.. .


That's especially true currently now that the Bitcoin Spot ETF is open and available for institutions to enter/exit to and from Bitcoin positions. It may have changed the "cycles". Because if we were to base the current point of the cycle today from the last cycle, today would be a time during 2020 which were not testing the previous all time high.

Quote

Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).

Surely all of us who are buying or holding onto our BTC hope that we are on the correct side of matters, yet there are no guarantees, even though historically the buyers and holders have been disproportionately more correct than those who had failed/refused to take a sufficient/adequate bitcoin position.  Bitcoin's investment thesis does not seem any weaker, and there seem to be a lot of ways that its investment thesis is way stronger than it had been historically, even if the upside potential (in terms of percentage moves) is not as great as it had been in earlier times.


That's true, but Bitcoin may still have more upside than most investments you could find in legacy markets. Cool

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KeenanEl19
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August 12, 2024, 12:11:07 PM
 #10306

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.
that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.
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August 12, 2024, 12:55:18 PM
Last edit: August 12, 2024, 02:46:24 PM by DubemIfedigbo001
Merited by JayJuanGee (1)
 #10307


Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.

Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment.  

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.


Of course, the best time to invest is during the dip.
There's no specific time or period to invest in bitcoin. If anyone is interested in investing in bitcoin, and if that person has already kept the funds somewhere to start his bitcoin investment, the person can start right away to accumulate bitcoin with the DCA strategy. Trying to invest in bitcoin only during the dips is not a good strategy to adopt; it will delay your accumulation process, and you might miss out on holding bitcoin if the bitcoin price fails to dip to the price you want to buy. For the sake of those who are new to bitcoin or who are just starting their bitcoin investment, your comment is misleading because they will believe the best time to invest in bitcoin is during the dip.
Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.
Waiting for the dip only to buy Bitcoin comes with a lot of obvious disadvantages. For example, you may be targeting to buy the dip only and miss out actually buying Bitcoin if the level of dip you're expecting doesn't occur because you can't predict the extent of the volatility of the price of Bitcoin. You also subject yourself to unnecessary emotional stress while constantly checking for the dip or if your buy orders have executed.

You can also never predict the perfect dip as prices may continue to dip even after your dip has reached and you have purchased Bitcoin giving you significant loses as compared to the person who uses DCA strategy who continues to buy the new dip.
Also focusing on short term price fluctuations may give you short sight and deprive you of focusing on bitcoin's long-term growth and development potential.


Quote
Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.
While buying the dip is also a good accumulation strategy, employing only it is what I term foolish because a lot of opportunities can be missed and we all know that money comes and goes, it can even go into things of less importance if not used correctly, worse still if kept in the bank, it continues to depreciate, so why would you just keep the funds stagnant, gambling with the dip when you can put it into proper use by purchasing periodically as the discretionary funds presents itself.

It's also evident that when you've much money in your account, you tend to be lazier to hustling for more, but when you're aware that the funds have gone into something meaningful like DCA in Bitcoin and it's not coming out anytime soon, it gives you this motivation to hustle move to get more funds available for you to maintain your level of living.

Finally, DCA helps reduce the impact of volatility as you purchase regularly at fixed intervals over time, this helps also to relieve the investor the pressure of losing lots of money at the same time.

R


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August 12, 2024, 01:06:29 PM
Merited by JayJuanGee (1)
 #10308

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.

R


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August 12, 2024, 01:27:09 PM
 #10309

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.

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August 12, 2024, 01:32:24 PM
Merited by JayJuanGee (1)
 #10310

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
Buying on the dip can make an investor more profitable but dip hunting is completely unwise when it comes to investing in Bitcoin. Some investors are still looking for dips as Bitcoin hits its post-2021 low of $16k. If during that period the focus was on increasing the amount of Bitcoin by investing regularly rather than looking for dips then surely that investor could have profited. Because Bitcoin rose from that $16k to $73k. Controlling the temptation to buy from the dip is also a big task if the intention is to profit from Bitcoin. We should remember that Bitcoin will never return to the level it was in 2017. Therefore should avoid dip and start holding bitcoins at the point where one have the money to invest in the position.

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August 12, 2024, 02:28:12 PM
Last edit: August 12, 2024, 04:12:35 PM by DaNNy001
 #10311

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
Buying on the dip can make an investor more profitable but dip hunting is completely unwise when it comes to investing in Bitcoin. Some investors are still looking for dips as Bitcoin hits its post-2021 low of $16k. If during that period the focus was on increasing the amount of Bitcoin by investing regularly rather than looking for dips then surely that investor could have profited. Because Bitcoin rose from that $16k to $73k. Controlling the temptation to buy from the dip is also a big task if the intention is to profit from Bitcoin. We should remember that Bitcoin will never return to the level it was in 2017. Therefore should avoid dip and start holding bitcoins at the point where one have the money to invest in the position.
Well I would agreed on some point and also note that it's also very paramount and helpful that as an investor utilizing the dip as it is helpful but it's not a mandate so you can be increasing your portfolio and at the same time maybe up your stakes by buying big during a dip so that your investment keeps on striving big with atleast a slight advantage because everyone knows that the dip is probably the best time to buy Bitcoin to get better figures but most importantly continuation in what you doing is the most because waiting without buying until the dip comes is actually somewhat foolish so making a steady DCA and buying big when the Dip comes is also a welcomed idea well that's for those who are well prepared for their long term investment journey.

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August 12, 2024, 02:39:09 PM
Merited by JayJuanGee (1)
 #10312

that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.

If you are looking for learning about investing in Bitcoin, you can take advantage of more topics in this forum besides this one topic so that your understanding of how to invest in Bitcoin can continue to grow and make it easy for you to draw conclusions. In addition, you can also read on more websites for things like Bitcoin investment and also for the best methods that are still used by many Bitcoin investors today besides understanding the various opinions on topics like this.

And if you really know about Bitcoin and also about the history of Bitcoin itself, at least at this time you can also make a few decisions that at least are buying and holding it for the long term. But if you can't afford to buy in large quantities, you can use the method of buying in installments for a certain period of time by utilizing your own monthly income.

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August 12, 2024, 02:41:34 PM
 #10313

Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.
Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment. 

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.
Of course, the best time to invest is during the dip.You have to make a long term plan, and stick to that plan, you keep investing some part of your income regularly, and that investment must be from an income that you will never need, That is, you cannot depend on that invested money in any emergency. Don't panic and keep holding, and keep investing and holding until the real bull run happens. You will see that your ROI will be the minimum more than 3X after the original bull run.
The best time to invest in bitcoin as a new investor is immediately your have the money to invest whether the price of bitcoin is at the dip or not. This is because the dip is unpredictable and might not come at our own expected time, in the sense that we might not be ready when the dip will come. So getting started immediately with DCA after you have figured out how much of your discretionary income that will enable you to buy continuously overtime. It is better to start with little amount and know that you have started your bitcoin investment journey than waiting for the dip, because bitcoin price waits for no one.

There is power in DCA accumulation strategy because no matter how little you start with as a new investor, as long as you are persistent and consistent with it for 4-10 years and above, you will be surprised at how much bitcoin you have accumulated when you check your portfolio. Life itself is a gradual process and there is nothing that is done at rush when it comes to nature. Same applies with bitcoin investment, gradual growth of your portfolio by regular buying for long will make you not feel the burden of investing, and before you know it, you have acquired a significant amount of bitcoin in a very long period of time.

Those that are waiting for the dip, as a new beginner into bitcoin investment are looking for easy way to accumulate more bitcoin with little amount of money which the probability of that happening is 50-50. But with DCA, you have the opportunity to take average of the market at different prices to increase your bitcoin portfolio.

Planning to buy during the dip puts you in the wrong mindset, especially for newbies or anyone who has not sufficiently and/or adequately prepared for up, and the ONLY way to prepare for up is by buying bitcoin.
Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market and also the only way to guarantee the safety of your funds but to make that a reality, its important to employ an effective strategy because its not just about Buying Bitcoin, it takes more than just that. For instance, the commonly adopted market timing approaches such as buying in the dips can be dangerous to investors, especially the beginners, just as you've rightly pointed out. Instead, take a buy and HODL strategy where you can find yourself holding Bitcoin for several years without selling to enjoy the benefit of its increasing value on the market. Thus, this strategy enables you to concentrate on the asset’s prospect and not the direction of its short-term performance. Also, one must take time and learn more about Bitcoin and the cryptocurrency market, and then know what they want to achieve financially and never invest a dime they can’t afford to lose.
It is advisable to focus only on bitcoin market and avoid the urge of venturing into any other shitty assets in the name of investments. Bitcoin has no comparison, it is on a class of it's own. For the number if years that I have been in bitcoin investment I haven't seen bitcoin disappoint it's investors, even if there are temporary dips, it only lasts for certain duration and things goes back up. Therefore someone who is considering his financial future should focus on bitcoin, be it on learning or investment basis. So many scams are happening in the name of crypto currencies and it should be avoided. People should never be encouraged to go and learn anything about those shitty things.

R


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August 12, 2024, 03:07:57 PM
Merited by JayJuanGee (1)
 #10314

Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be  less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.
Investing of course DCA method is best to invest in Bitcoin and not anywhere else. Because if you invest anywhere other than Bitcoin then your entire money will be at risk. So you should also have a plan how to make your investment long-term, and planning is most important to save long-term investment. 

DCA method is the easiest method for any investor to multiply his money here. If the person wants he can deposit his money continuously weekly or monthly like when I enter this thread I immediately start doing Bitcoin DCA method after few days. I'm almost two years past investment age and the most self-sufficient I've been since 2023.
Of course, the best time to invest is during the dip.You have to make a long term plan, and stick to that plan, you keep investing some part of your income regularly, and that investment must be from an income that you will never need, That is, you cannot depend on that invested money in any emergency. Don't panic and keep holding, and keep investing and holding until the real bull run happens. You will see that your ROI will be the minimum more than 3X after the original bull run.
The best time to invest in bitcoin as a new investor is immediately your have the money to invest whether the price of bitcoin is at the dip or not. This is because the dip is unpredictable and might not come at our own expected time, in the sense that we might not be ready when the dip will come. So getting started immediately with DCA after you have figured out how much of your discretionary income that will enable you to buy continuously overtime. It is better to start with little amount and know that you have started your bitcoin investment journey than waiting for the dip, because bitcoin price waits for no one.

There is power in DCA accumulation strategy because no matter how little you start with as a new investor, as long as you are persistent and consistent with it for 4-10 years and above, you will be surprised at how much bitcoin you have accumulated when you check your portfolio. Life itself is a gradual process and there is nothing that is done at rush when it comes to nature. Same applies with bitcoin investment, gradual growth of your portfolio by regular buying for long will make you not feel the burden of investing, and before you know it, you have acquired a significant amount of bitcoin in a very long period of time.

Those that are waiting for the dip, as a new beginner into bitcoin investment are looking for easy way to accumulate more bitcoin with little amount of money which the probability of that happening is 50-50. But with DCA, you have the opportunity to take average of the market at different prices to increase your bitcoin portfolio.

Planning to buy during the dip puts you in the wrong mindset, especially for newbies or anyone who has not sufficiently and/or adequately prepared for up, and the ONLY way to prepare for up is by buying bitcoin.
Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market
Stop referring to bitcoin as cryptocurrency so that newbies or new investors in bitcoin will not see cryptocurrency as bitcoin. When you are talking about bitcoin investment, you need to be specific so that newbies or new investors in bitcoin will not be misled into investing in altcoins, thinking they are investing in bitcoin. There are so many threads in this forum that you can easily talk about cryptocurrency or altcoins, but as far as this thread is concerned, you should always refer to bitcoin as bitcoin so that we will not be distracted. We are all in this thread to share our ideas and experience in the bitcoin accumulation process and also learn from those who are more knowledgeable than us when it comes to bitcoin investment.

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August 12, 2024, 03:23:11 PM
Merited by JayJuanGee (1)
 #10315

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.
It is not compulsory to buy from the dip before you will be profitable because as long as you are on a long-term bitcoin investment journey using DCA regularly or lump sum will give you profit, because your profit is determined by the size of your bitcoin portfolio and how long that you have hodli.
I don't see how the knowledge of trading is important for an effective DCA when the DCA method is to just continue buying regularly weekly or monthly as along as you have your discretionary income ready to keep on buying without missing or skipping it. Trading is complex and any investor who is still in their accumulation stage don't need to know anything about trading apart from buying.

What will make you regular DCA more effective is your consistent and persistent ongoing DCA buying with the right amount from your discretionary income provided that the have in place your emergency funds and reserve funds so that when an emergency arises you don't sell part of your bitcoin. Increasing your discretionary income due to increase in your income and aggressive DCA buying without overdoing it will help you reach your bitcoin goal faster.

Patience, discipline, sacrifice, turning deaf hears to FUD and not waiting for the dip but continuous buying with focus of reaching your bitcoin target will be good for effective DCA. This is why new investors only needs to use DCA method to get started immediately to build and grow their bitcoin stash overtime.

R


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August 12, 2024, 04:35:26 PM
 #10316

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.
Buying at the dip or not those not make one get profit, what gives one good profit in Bitcoin is holding patiently for a long time, anyone who's always waiting for the dip before investing is only delaying his or her investing journey.
I'm not saying buying in the dip is wrong, what is wrong is waiting for it to happen before you invest.
If you are using the DCA strategy to run your Bitcoin investment you also need to prepare your backup funds which will help you secure your Bitcoin investment and also help you to accumulate more when there's a dip by using your reserved funds to accumulate.
Buying Bitcoin at a high price is not a lose, one just need to use long term investment strategy, Bitcoin is already at a high price all we need is to accumulate as many as possible and then hold.
Those that are involved in trading don't apply any efficient manner of DCA strategy, what they do is trading and trading is trading no matter how you try to decorate it.
And I will advise every newbie to desist from trading and focus in long term investment to avoid losing money and unnecessary thinking.
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August 12, 2024, 08:25:59 PM
Merited by bestcoins1 (1)
 #10317

🤔
I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.
I had been proposing bets that the spot price would not go below 20% above the 200WMA until after 2025, yet surely we have been getting pretty close to those numbers in recent times.  Even though I am willing to bet, I know that I could end up being wrong, so I would not be betting very much or even beyond 50/50 odds.. .. but yeah, when folks are proclaiming super low BTC price dips, they tend to back off of their assertions when you ask them to bet on their prognostication of such seemingly extreme dip numbers.

We know that there is an idea of cycles and what kind of a market we are in, too, but even the ideas of cycles could disappear, and we might not be in a bull market, even though it seems that we are, potentially until 2025-ish.. .
That's especially true currently now that the Bitcoin Spot ETF is open and available for institutions to enter/exit to and from Bitcoin positions. It may have changed the "cycles". Because if we were to base the current point of the cycle today from the last cycle, today would be a time during 2020 which were not testing the previous all time high.

Even though I am suggesting and maybe even proclaiming that cycles could disappear, I doubt that we are anywhere even close to having actual facts to support the actual disappearance of cycles, and likely we are not even going to know or realize that the cycles were no longer persuasive until much after such time that BTC's price performance no longer supports cycle theory... so in that regard, I think that it is way better to continue to presume that cycles are ongoing rather than prematurely proclaiming they had already disappeared based on current evidence (facts) in front of us... including that the mere fact that we reached an ATH prior to the halvening rather than after the halvening seems to amount to lame ass evidence to supposedly support the disappearance of the cycles.

In other words, we surely have BTC price moves that are up and they are down and the fractals seems to be within reasonable parameters to overlay the previous fractals, even if the magnitude of some of the price moves might be lesser or greater than they had been within earlier fractals.

Maybe no matter what, whether we get 4 year patterns, we still likely should be able to presume that the general pressures on BTC prices is going to continue in the upwards direction, even if we might have extended periods of suppression or maybe even price rises that fail to correct back down within what we had expected to be our cyclical time frame.

Another combating theory concerns power law theory versus stock to flow, and surely, I still like to assert that stock to flow is a great way of looking at bitcoin price performance, even if we might not be able to identify with any precision the multiples and/or the magnitudes of the price cycles, there are folks that argue that stock to flow just falls within a powerlaw curve and merely complicates the powerlaw dynamics by adding more largely irrelevant variables to the equation (suggesting that the 4-year cycle is mostly irrelevant).. In the end, I personally give few shits regarding whether powerlaw might be more true than stock to flow, I still consider the 4-year cycles to remain valuable in terms of looking at the BTC price moves, even if there remains a bit of fictional inabilities to really tie such 4-year cycles to actual real world BTC price dynamics..

Here are a couple of recent podcast interviews in which Giovanni Santostasi argues that power law supersedes and is more important and relevant than his claims of stock to flow's inferior adaptation of power law.

Simply Bitcoin - 
https://overcast.fm/+AA1uZKBe3D8

Crypto Voices
https://overcast.fm/+AANK1lG6bqA

Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it...  hahahahaha).

Surely all of us who are buying or holding onto our BTC hope that we are on the correct side of matters, yet there are no guarantees, even though historically the buyers and holders have been disproportionately more correct than those who had failed/refused to take a sufficient/adequate bitcoin position.  Bitcoin's investment thesis does not seem any weaker, and there seem to be a lot of ways that its investment thesis is way stronger than it had been historically, even if the upside potential (in terms of percentage moves) is not as great as it had been in earlier times.
That's true, but Bitcoin may still have more upside than most investments you could find in legacy markets. Cool

I am not even suggesting that there is any better place to put your money apart from bitcoin, even though I also would argue that anyone is going to be foolish if they are not attempting to maintain some kind of balance in regards to having assets in cash and/or cash related traditional investments in order to attempt to account for needs to be able to live in the real world with real world expenses that are likely mostly reflected in dollars and having a decent amount of practicality to have cashflows and/or capital that is held in dollars and/or dollar-related assets - even when we know that the dollar is being debased anywhere between 3% and 20% per year depending on how such debasement is measured.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.

Perhaps your punchline that newbies should just employ DCA regularly without considering the dip is correct, yet you seem to presume that some people might be smarter than other people and including yourself into such smarter than other people group.

In other words, you still seem to be presuming that there is some kind of ability to know what is a dip and what is not a dip in BTC and to be able to predict BTC's price directions with any kind of level of meaningful accuracy, which seems a bit presumptuous and even lacking in persuasiveness that there might be some point that someone (whether you or anyone else) who becomes smarter than others about being able to see whether there might be a dip in the works or not and/or to fuck around with changing his/her BTC buy orders based on such supposed knowledge of where the BTC price might be going.

In the end, you can do what you like including if you believe that you are really effectively able to employ BTC buys (or refrain from doing such) based on your supposedly having some kind of meaningful and material insight into upcoming BTC price movements beyond guessing in a kind of 50/50 manner  (or maybe 53/47 when you might happen to have a lot of confidence and/or supposed insight).

[edited out]
Stop referring to bitcoin as cryptocurrency so that newbies or new investors in bitcoin will not see cryptocurrency as bitcoin. When you are talking about bitcoin investment, you need to be specific so that newbies or new investors in bitcoin will not be misled into investing in altcoins, thinking they are investing in bitcoin. There are so many threads in this forum that you can easily talk about cryptocurrency or altcoins, but as far as this thread is concerned, you should always refer to bitcoin as bitcoin so that we will not be distracted. We are all in this thread to share our ideas and experience in the bitcoin accumulation process and also learn from those who are more knowledgeable than us when it comes to bitcoin investment.

Of course, I agree with your overall point Mayor of ogba - which seems to be both that the term cryptocurrency is ambiguous and likely to be misleading, and also that talking about cryptocurrencies and/or shitcoins is more appropriately carried out in other threads.

On the other hand, any of us should feel free to present matters that we consider to be potentially relevant to this thread, and surely as long as we are not vague in our reference and we are not pumping shitcoins, there might be some cases in which references to shitcoins might be relevant to some reasonable point that a member might want to make, so in that regard, it surely would be best to try to clearly state how some shitcoins or some general reference to shitcoins might be relevant to a point that the member is wanting to make in connection to this thread and our attempts to mostly stay within the bounds of this thread that is focusing on bitcoin and bitcoin accumulation, and surely we have frequently seen that reference's to shitcoins might also get us off topic, since shitcoins tend to be traded rather than invested into so there tend to be several ways that too much discussion of shitcoins or even attempting to bring it up devolves into irrelevant off-topicness, especially in a thread like this one.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 12, 2024, 09:07:31 PM
 #10318


Edited out

 I would agree that buying each and every time on a specific timer (one a week, half a month, or a month) is beneficial to a person, rather than just waiting for a dump to happen (because it may not) because of the facts you and many others here talked about.
Yeah, That's it! using the DCA strategy  of buying doesn't eliminate buying of DIPs but instead it covers beyond... Either the market is in a Dip or not  the DCA strategy doesn't focus on that so you can buy dips or buy outside dips using the intervals you mentioned which is a good way of investing.
Think of it like this buying of dips is like a bonus to your investment,  if you still  have some disposable funds after considering your DCA and other necessary stuffs then buying dips with such funds can be a bonus for your investment.


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August 12, 2024, 09:24:09 PM
Merited by JayJuanGee (1)
 #10319

You are generally speaking in the wrong context, because all the discussions here are about buying hold and dips in the Bitcoin DCA method and how to hold Bitcoin for a long time. Perhaps you are standing against the perspective of the current dip, when an investor holds bitcoins with a dip and DCA method, but your discussion will scare many newbies. So no one should be surprised and never block the spirit of this thread, so you talk about discussions that will be useful to every bitcoin holder.
that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.
Perhaps the only way to learn is to ask questions, I would prefer you ask questions where seems confusing to you than for you to create some level of assumptions that seems very lame and unrealistic. looking at the context of the thread there are few other threads where you can learn basic things about bitcoin investment and smarter ways to buy and hold for a longer term if you indicate interest in them or such thread I will be glad to refer you to some of JayJuanGee's thread which he discussed the basics on each entry that you could make. this threads are even suggested outside the forum which shows the level of original and how true it is, now I would love you to ask or request for links if you're interested but if not you can stick with this thread and ask questions instead of confusing others with your own perspectives.

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August 12, 2024, 09:44:48 PM
 #10320

Experienced and knowledgeable people will never wait for dip season to invest. Because they will buy regularly instead of waiting for dip season and adopt DCA method to increase their investment. Moreover, if an investor uses the dollar cost averaging method in his investments, he may not have to wait for a bearish market because he will spend the same amount of money on a weekly or monthly basis to buy Bitcoins. If the market goes up, he has a little disadvantage because he can buy less bitcoins at that price, and if the market goes down, he has the advantage that he can buy a little more bitcoins at that price. However, even if the market is going up or down, the average cost of his investment will remain the same.

Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

DCA is the best method for investing in bitcoin easily without waiting for the dip. is always a good time to invest in bitcoin using the DCA method. Some investors, especially newbie investors, like waiting for the dip before they invest, and the market is unpredictable. Nobody knows what will happen at the last minute. That is why, at any time, at any moment, as long as there is money to investtake advantage of the current price and do that at any time. and plan for a long time investment, and you will surely get enough profit.
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