Buy the DIP, and HODL!

[SmartCharpa]

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

Of course, in the next 10 to 20 years, many people will look back and bite their fingers, blaming themselves for not taking the risk and investing in Bitcoin when the price was still below $60k. At this point, many individuals will regret not purchasing Bitcoin last year when the price was around $25k, and others who did will wonder why they didn't accumulate more when the price was still lower. It's better for those who want to invest in Bitcoin to do so while they still have the opportunity because they will regret their actions later.

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down.

You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.

[Popkon6]

You should follow the Bitcoin market constantly, because if you are not constantly reflecting on the market, you will not be able to focus on investing properly. Especially when investing in DCA method, market research must be done, especially as regular investment will attract newcomers more. A new investor can participate in repeated investments to grow his portfolio only through the DCA strategy.

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down. Excessive market review can be detrimental to the DCA strategy. Lured by the lure of higher profits, you may shy away from DCA. This would not be desirable at all.

concentration of bitcoin investors lies on the price, about 80% of investors consider the future price of bitcoin before they invest on it, I know that whenever the price of bitcoin decreases in value many investors utilize the opportunity knowing that the possibility of the price getting increased is that high, and that's why you can see Bitcoin investors targeting the price of bitcoin to decrease so that they can use the opportunity they use such opportunity to make profit massively, the beat time to accumulate bitcoin is when the value or the price decreases

Newbies to Bitcoin investing should always keep an eye on the market, because the more information about the price of Bitcoin in the market, the more attracted new investors are to investing. Now generally in terms of investment newbies can invest the most because the bitcoin market is dumping now so regular investment following DCA method will definitely lead to success. 

But the price of bitcoin is going down so bye should not panic and invest more. Bitcoin investment should be done in such a way that it is possible to be sufficiently self-sustaining by making regular investments. And while new and old investors are definitely having the most success doing this DCA method, this strategy is the single best strategy for investing in Bitcoin.

[Jegileman]

There are a lot of long term investors that don't have a targeted price they want to reach with Bitcoin and there are some that has such price tag which they want to reach with Bitcoin and for me I think having a target price will give you more sense of belonging and since you have that focus you will not be tempted to sell off your bitcoin.

Target price has nothing to do with selling off your bitcoin, they are two different things in your accumulation process. People sell off due to panic and not because they don’t have a targeted price for their bitcoin savings. You may have a target price or might have even reached the targeted price but would be tempted to see when there’s a huge crash in the market. Those moments of crash (dip) are meant for you to add more bitcoin to your savings in order to reach your target if not reached yet or learn to be patient throughout the period of the dip and not forced to sell at loss.

I have a friend who is into Long term Bitcoin investment when ever he holds his Bitcoin and Bitcoin hit a certain price he was always tempted to sell little and he will, that was how it was for him until he decided to have a price target which he wants to reach with Bitcoin and that was how the temptation to sell when ever there was an increase in Bitcoin price stopped.
So I think having a price target with Bitcoin will help you hold your Bitcoin very well without the feeling of selling, it will increase your patience level.

Your friend was a scalper and not a long term investor of bitcoin as you called him. Bitcoin price is not that volatile like other coins that you’ll immediately want to sell when there’s a little profit from it. Your friend is always selling when there’s a profit on the investment, that means he invested to get the small profits, then leave the market. If he had been selling when there’s a fall in the market, I would have said he’s trying to get over his emotions and he’s panicking to sell as he’s scared of losing his money as a newbie who’s yet to perfect well how the market work and how he can use the market downturn to his advantage always as a supposed long term investor he wants to be or calling himself already.

[synchronym]

Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.

But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.

Of course, in the next 10 to 20 years, many people will look back and bite their fingers, blaming themselves for not taking the risk and investing in Bitcoin when the price was still below $60k. At this point, many individuals will regret not purchasing Bitcoin last year when the price was around $25k, and others who did will wonder why they didn't accumulate more when the price was still lower. It's better for those who want to invest in Bitcoin to do so while they still have the opportunity because they will regret their actions later.

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down.

You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.

Those who are new to investing in bitcoins have other important things to do besides checking the value of bitcoins, for those who are new to bitcoins it is very important to invest patiently. Many times it is seen that new investors are too hasty to invest and due to hasty investment they may end up in losses rather than profits. We should always have a long-term plan before making new investments. If we have a long-term plan and wait patiently to see what the market wants, we will surely achieve enough success through investment that will make us more interested in investing. Many times we lose patience so we should not lose patience. Patience is very important in investing. If we can invest with patience then we will be very successful in Bitcoin investment. The most important thing in Bitcoin investment is that we should first gain enough awareness about Bitcoin market. If we know enough about Bitcoin market, we will invest Bitcoin more carefully.

[Rustam Meraj]

Those who are new to investing in bitcoins have other important things to do besides checking the value of bitcoins, for those who are new to bitcoins it is very important to invest patiently. Many times it is seen that new investors are too hasty to invest and due to hasty investment they may end up in losses rather than profits. We should always have a long-term plan before making new investments. If we have a long-term plan and wait patiently to see what the market wants, we will surely achieve enough success through investment that will make us more interested in investing. Many times we lose patience so we should not lose patience. Patience is very important in investing. If we can invest with patience then we will be very successful in Bitcoin investment. The most important thing in Bitcoin investment is that we should first gain enough awareness about Bitcoin market. If we know enough about Bitcoin market, we will invest Bitcoin more carefully.

I agree with you new bitcoin investors should have patient and they should not make rush into things. Make decisions rapidly can lead to losses but take your time and wait for better entry can bring success. It is important to have some plan and wait for right time to invest. Patient is key when investing which always helps newbie and it helps us to avoid making mistakes. Learning about bitcoin and about market is also good because it help us to make good decisions and reduce risk of losing money. With patient and having knowledge about bitcoin new investors can do well in bitcoin investing.