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.

[Wind_FURY]

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.

In other words, it might not make too much difference if you bought bitcoin around $50k, $60k or $70k or maybe even $100k.. it is all going to seem cheap..

I believe not. If Bitcoin does surge to over a seven digit valuation, then each additional unit of Bitcoin that a user purchased at discounts would truly matter.

We can agree to disagree, and you can choose to place whatever level of additional stress upon yourself as you like.

Personally, I think that it is way better to try not to overthink matters of how many additional BTC you might be able to get if your average BTC purchase price were lower, since largely it is not going to likely matter as much as you think that it does, and whatever, you are free to your own perspective... including if you saying that you are o.k. with following the ideas of DCA, yet at the same time, you are holding back a whole bunch of fiat because you are hopeing for BTC prices to drop lower.

All that extra fiat you were holding back in September and October 2023 did not fare too well when the BTC price went from $25k to $40k or $50k and you were still waiting for lower $20ks or even sub $20ks that did not end up playing out.

Yeah, you can rationalize all that you like regarding the value that came from your failure/refusal to spend your money at that time... and in the end, you are the one who has to make the judgement and to live with your decision, since none of us are going to be very concerned if you could have had bought an additional 0.001BTC or not.  You have to be happy with your stash and your stacking techniques...and whether you whine about and second guess yourself about you could have had more blah blah blah.

Just like today if I say that I bought at $500, $600, $700 or $1k, it all seems low.. and any of those prices work out quite well,  even though twice as many bitcoin could have had been bought at $500 as compared with $1k.. but there is ONLY so much that any of us can do in regards to our cashflow, and in the whole scheme of things we  cannot really know where the BTC price is going to go.. so in some sense, the just keep buying practices end up working themselves out in the long run, even though sometimes in the short run, we might question our strategies, yet there are a lot of folks who ended up accumulating way more bitcoin (even though they paid more for them),

so then in the end, the having of more bitcoin ended up being the main thing that makes a difference.. since would you rather have:

1) 5 bitcoin with an average price of $600  (total cost of $3,000) (maybe someone who made a few BTC purchases between 2014 and 2016 and was always proud of having a low cost per BTC),

or

2) 30 bitcoin with an average cost of $2k (total cost of $60k) (maybe someone with a fairly tight budget who started DCA buying bitcoin in 2014 with $10-$50 weekly, and continuing to buy bitcoin with DCA and over the years.. so investing with DCA over 10 years and having times of increasing to $100 to $200 weekly as his income went up and his cashflow management abilities got better).. so he got way more bitcoin for each dollar in the earliest of his BTC accumulating days.. but since his budget was never really that great - especially, in the earlier days, he had to always scramble to buy as many Bitcoin as he could afford within his discretionary income, and he continued to accumulate BTC during each week no matter the BTC price depending on his own cashflow that improved over the years but was never really great... and then now he is starting to feel that he has enough BTC ). ..

Frequently, in bitcoin's history, the consistent, persistent and ongoing accumulator of bitcoin ends up spending quite a bit more money (fiat) to buy his bitcoin and might even have multiple or magnitudes more costs  than the whimpy investor, but then in the end, the persistent BTC accumulator ends up with way more bitcoin, too... even though sometimes along the way, it might have hurt financially and psychologically.. and even he spent a decent amount of time in the negative or not really in profits and even worrying about if some kind of a BTC price bounce was going to come at some point.. or if maybe he was sometimes thinking that had put too much in the bitcoin.. .. but then in the above example.. there is some kind of reality that sometimes there might be a need to spend 20x more than another similarly situated person in order to really show commitment to investing into bitcoin, but then end up having way more options because of the persistence int he stacking of the sats (of course, there are needs to preserve the bitcoin holdings too and to learn about good ways to guard your bitcoin holdings in order to not lose them).

?
But why not 30 Bitcoins with an average price of $600.00, which is the actual point of the argument for looking for discounts?

Fuck off with that nonsense of screwing around with the hypothetical.

I am trying to give you a somewhat realistic example that highlights the difference between someone who might have had taken a somewhat whimpy approach as compared with another person who took a more aggressive approach.

sure, there can be all kinds of variations of in between, and even the guy that I am claiming to be aggressive, I already say right with the hypothetical that he was being as aggressive as he could have had been through the last 10 years, but you still want to describe some circumstances in which the guy has an ability to be even more aggressive than I described.

I believe that would definitely give more superior returns than if the average purchasing price is $2000, no?

No. The guy was not able to buy 30 BTC in 2014 or 2015 or 2016 at $600 per coin... .. he dollar cost over the years within his means, and I even described that in the beginning of his investment into bitcoin, he was ONLY able to buy $10 to $20 per week worth of bitcoin, but he continued to be as aggressive as he could with his BTC buys over the years within his means..

You want to fantasize him into having some other kind of circumstances in which he would have had been able to buy $18k worth of bitcoin in his early years, and he did not have $18k.. and in fact he only had $10 or $20 per week in those early years and he was scraping to do what he could to buy bitcoin.  Did you not realize that there are people who do not have any kind of savings at all?  They are barely scraping by, and it could be arguable in regards to whether they have any discretionary income at all, so they almost have to force themselves into a situation of having discretionary income by increasing their income and/or cutting their expenses to struggle to even figure out a way to have $10 or $20 that they can use to buy bitcoin, and you are all of a sudden wanting to proclaim some imaginary scenario that all of a sudden they are going to have $18k extra that they can invest into bitcoin, when they are barely getting by?

?

But why? I was merely making a point that a lower average entry price for the same amount of capital used will be holding more units in Bitcoin compared to the person who bought Bitcoin later, and therefore would make a better Return On Investment.

OK, to make a more practical example, the total cost is $60,000 for Investor A who bought Bitcoin with an average price of $2,000 vs. Investor B who bought Bitcoin with the same amount of capital but with an average price of $1,700.

That 5.2941 units in Bitcoin would definitely make a very big difference if Bitcoin surges over six digits, no?

[Adams0001]

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.

That is the basic element of investment anything you try, you must be patient before you can succeed. Many individuals who lose money on investments are those who are unable to be patient for extended periods of time they believe they will not reach their goal and decide to sell their coin in a loose manner. Bitcoin is a very good investment for people that understand it and have an interest to invest their funds. Some understand bitcoin and they still lose on it, and I think is because they didn't get any source of income that will support their bitcoin investment and they sell it when they are in need of money, that is why it is better to get enough funds before putting your self on bitcoin investment, Because you cannot invest and expect to earn in a short period of time you must confront problems and risks. When you invest, keep in mind that risk is involved you may profit and then lose again this is the crypto market for you, it cannot be predicted.

That is why our bitcoin investment gurus constantly advise you to be patient and learn about bitcoin in order to understand how it works so that you are not surprised when the market falls. Bitcoin takes a long time before the price will pump. That is why they stated that patience is the key to success. If you are patient enough, you will realize how bitcoin can make you smile one day.

[EarnOnVictor]

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.

I disagree on this, though you are right that his friend is not a long-term investor but he's also certainly not a scalper. If you read the definition of scalping, you will understand this well, and I've never heard of scalping in investing but in trading.

What the guy engages in is not totally condemnable, as the practice, if used well will deliver massive success into his account. I don't buy the idea of keeping my Bitcoin for so long again, I invest and divest at the right time to maximize my profits. I've two portions of Bitcoin investment, I HODL some since 2022 and I started investing and divesting the other part regularly since last year. I tell you, the one I regularly invest and divest has grown so much more than the one I HODL.

It's practical, but one thing the guy's friend is doing wrongly is not knowing the reason why he divested but just acting emotionally.

[Justbillywitt]

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.

Okay, thank you in advance.
In this thread I read a lot about DCA, and after I found out that this strategy I think everyone can use it because it doesn't seem to need a lot of money to do it, you just have to be consistent in doing it.
But is DCA the best strategy to use?

I will say it is the best method to use for many reasons. The DCA gives you the opportunity to get your bitcoin stash at different prices. It gives room for all investors to invest according to their financial capacity. The DCA method doesn't discriminate between poor and rich investors, it gives room for for everyone to invest. If there is a down trend in the market, the DCA helps our portfolio not to be heavily impacted. After considering these benefits, I can tell you that the DCA method is actually the best method to use while starting your bitcoin investment journey. Another thing I have to tell you is that you have to be consistent with it in order to see results. Don't just DCA when the market is green. You have to do it at all market conditions, be it green or red. This is the only way to see the full benefits of DCA on the long run.

[Silikiem]

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.

I disagree on this, though you are right that his friend is not a long-term investor but he's also certainly not a scalper. If you read the definition of scalping, you will understand this well, and I've never heard of scalping in investing but in trading.

What the guy engages in is not totally condemnable, as the practice, if used well will deliver massive success into his account. I don't buy the idea of keeping my Bitcoin for so long again, I invest and divest at the right time to maximize my profits. I've two portions of Bitcoin investment, I HODL some since 2022 and I started investing and divesting the other part regularly since last year. I tell you, the one I regularly invest and divest has grown so much more than the one I HODL.

Why spreading bad energy in a thread that’s dedicated to buying and holding bitcoin for long. If you don’t believe in buying and holding bitcoin for long, then what the hell are you doing here my friend. I Think it will be best you stay clear off the thread and go to other threads where people like you are. I find your statement problematic and misleading to the audience of this thread and newbies who believes in holding bitcoin for long. I don’t fucking care about the few bucks you think you might be making at present that’s making you think you are doing the right thing and discrediting holding bitcoin for long. But don’t come here and say things of this nature in a major thread like this, that’s mostly dedicated to long term hold.

[Hewlet]

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.

I disagree on this, though you are right that his friend is not a long-term investor but he's also certainly not a scalper. If you read the definition of scalping, you will understand this well, and I've never heard of scalping in investing but in trading.

What the guy engages in is not totally condemnable, as the practice, if used well will deliver massive success into his account. I don't buy the idea of keeping my Bitcoin for so long again, I invest and divest at the right time to maximize my profits. I've two portions of Bitcoin investment, I HODL some since 2022 and I started investing and divesting the other part regularly since last year. I tell you, the one I regularly invest and divest has grown so much more than the one I HODL.

Why spreading bad energy in a thread that’s dedicated to buying and holding bitcoin for long. If you don’t believe in buying and holding bitcoin for long, then what the hell are you doing here my friend. I Think it will be best you stay clear off the thread and go to other threads where people like you are. I find your statement problematic and misleading to the audience of this thread and newbies who believes in holding bitcoin for long. I don’t fucking care about the few bucks you think you might be making at present that’s making you think you are doing the right thing and discrediting holding bitcoin for long. But don’t come here and say things of this nature in a major thread like this, that’s mostly dedicated to long term hold.

I bet you didn't read his statement with an open mind rather than trying to paint him as a bad egg for pointing out the approach he has used that has worked well for him. Mind you that while we've always emphasis the need to HODL for a longer period of time it is because of the effect it will have on how much Bitcoin we would have stacked if we DCA for the said period of time. It's not as though every investor must follow that pattern. And note that it's not just about how long you invest but more of how much you invest. We are all different and can choose to make use of whatever approach we dim comfortable with and if it's working well for us, thier isn't a single negative energy with sharing such information so we get to learn from it.

He's rightly pointed out the importance of holding Bitcoin for the long run and maybe by reason of his financial capabilities, he's able to combine building a portfolio by the use of the DCA methord and was able to afford selling at certain instances which might have worked well for him. For the rest of us that don't have the financial means of trying a multiple of those kind of strategy out, that's obviously not working out well for us but You can't dispute the fact that we are not dealing with an ideal case here where Everything we've planned on doing will go out as smoothly as we expect. There are individuals that plans HODling straight up for the long run but ended up selling part of thier holding at certain point in time. It's good to talk as people that aren't robots but that are actually doing what we are saying on this thread. I believe that Newbies that joins the thread will even enjoy reading people's experience which will guide them to make a better decision.

[SuperBitMan]

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. 

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

[bestcoins1]

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

Apart from what you said, there is also another thing that a beginner needs to pay attention to and that is about the knowledge of what he is collecting and when he already knows that what he is collecting is the best asset of all time like Bitcoin, of course he will also know how to manage his time to continue to accumulate by collecting as much Bitcoin as he can. This means that in terms of investing in Bitcoin and also with the aim of continuing to collect Bitcoin, anyone does not need to waste more time looking at how the price chart is in the market except just to see and know about how the trend will occur in the market in the future.

[Tmoonz]

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.

There is nothing absolutely wrong if a newbie could make mistakes in his or her  accumulation process, what is most important is how he or she was able to handle it by learning from the mistakes.

The narrative of first gaining enough awareness or knowledge about Bitcoin before getting started has been overly emphasis as not a major criteria for anyone before coming into terms with Bitcoin investment, the basic knowledge is what is most important, get the fucking started and figure out other things on your way up, in a nutshell i will love to say that experience is the best teacher hence, you can't gain this experience just sitting around the corner.

[Roseline492]

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy, perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

[Sim_card]

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy,perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

I disagree with you that every strategy is suitable for a brand new investor because it means that you are encouraging new investors to wait for the dip when we all know that waiting for the dip is not ideal and improper way for a new investor to start his bitcoin journey with because he does not know when the dip will happen and he might end up not acquiring any bitcoin s the dip did not come.

The last time I checked, we have three methods of accumulating bitcoin which is buying at the dip, lump sum and DCA. For new investors DCA is the best strategy for them because it gives them room to buy bitcoin constantly with part of their discretionary income without jeopardizing with the financial responsibilities. Not all new investors are rich to have huge amount of money to buy lump sum and even if they have because they are still new to bitcoin, if they lump sum, they will miss the opportunity which the market offers to those that DCA strictly constantly, persistently and consistently.

When you lump sum as a new investor, it is only when bitcoin price is above the amount that you lump sum is when you will be in profit but if you use DCA method some point or with time your average bitcoin price will be reducing as long your DCA is ongoing overtime because he will buy at the dip, when the price is high and at price consolidation. Lump sum is good when you mix it with your regular DCA buying, or when an investor bitcoin size has reached a certain level. Imagine a new investor who lump sum at 73k because of the hype from the approval of bitcoin ETF, since that time till date his bitcoin portfolio value is still low compared to when he bought.

[Barikui1]

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. 

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

Yea, I support your idea here and I also share the same sentiment as you bro, wether newbie or veterans investors, their is absolutely no point monitoring the market, that is what traders do which to me is very irrelevant to a long term investor especially.

Secondly, why I think that it's actually a very bad idea keeping your attention mostly on the market as a long term holder is that it can make you make emotions decisions, due to a sharp dip in the price of Bitcoin or a strong rise of it price, so you might sell at a loss due to fear or you might sell when you are at a profit, no knowing that that is a very wrong way of building a generational wealth, by taking small profit, so in essence of what am trying to say is that, it's not a good thing as an investor to pay too much attention at the market, because if you have been accumulating Bitcoin since 2020 without tempering with it, by now, you are definitely going to be in a whole lot of profit, so the best is to just be buying gradually and forget about it if you can.

[Promocodeudo]

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. 

I don't think that is a good idea for newbies, if a newbie is investing for long term, looking at the market will not do him any good, what he she should be concern about is accumulating enough Bitcoin and not watching the market, except the newbie is into trading which is a wrong way for a newbie to go.
As a newbie investing in Bitcoin and then always watching the market will only delay your accumulation journey for example if you are a newbie and you just started a Bitcoin investment and before you no it there's a dip it may stop you from accumulating more or reduce the percentage you are putting into Bitcoin.
I think what a newbie should be more concern about is accumulating.

It is not advisable for newbies to concentrate on the price of Bitcoin because it could serve as an act discouragement to them, a newbie that does not understand the concept of Bitcoin may discontinue his or her plan if the market keep dipping but if a newbies concentrate on their set goals without giving attention to the price of Bitcoin at any time, these set of newbies will not get a divided attention, for me I don't see price checking as a good thing because it has more negative impact than good side, I think as a newbie your concentration should be how to have a bulky portfolio if really you want to remain relevant in the system to achieve your aim of being a Bitcoin investor.
Why would newbies even think towards the lane of checking the market price unless such newbie did not understand the basics of the said investment, long-term should always be the goal of newbies considering the fact that Bitcoin is driven by fluctuation and volatility.
My advice for newbies is that market corrections and dip itself must happen to pave way for more intending and existing investor to buy at a lesser price but it shouldn't be a form of discouragement that's why am of the opinion that newbies should keep doing the needful irrespective of what the market says at anytime.

[Mayor of ogba]

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 the 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.

It is only those investors who are interested in bitcoin for short-term profit that need to constantly analyze bitcoin so that they can accumulate it at a low price and sell it at a higher price for their short-term profit. However, investors who are investing in bitcoin for the long term don't necessarily need to analyze bitcoin before they can accumulate it; they can use the DCA strategy to accumulate their bitcoin. When you are accumulating bitcoin with the DCA strategy, you don't need to do any market research. The DCA strategy allows investors to freely accumulate bitcoin without doing any research when their DCA money is readily available, and it can be either on a weekly or monthly basis.

[Obim34]

On how we might preach the whole process to be, investing by lump summing isn't suitable for a beginner, how should he know at what price is comfortable to purchase, even a well knowledged investor might slightly enter from a wrong position which may hinder the progress of his profits.

Every strategy is well suitable for every beginners, so I wouldn't discriminate beginners in terms of utilizing the strategy, perhaps I think your advice should be that if beginners does not have an additional plan or having a good source of income that would easily backed them up if they Lump sum they should not go into it but if they have there is nothing wrong in adding more fraction to there investment portfolio while DCA is still there major target, we shouldn't feel or have the mindset that all the beginners are not financially stable because on the contrary there are so many rich people who chose to diversify there funds into Bitcoin so perhaps as they are doing there DCA whenever any opportunity come out for them to Lump sum they would always buy more.

As a beginner there is yet a low level of understanding on how the market flows, anything could hinder one's success of accumulating a good amount of Bitcoin, relatively with how much funds the person has invested already. Beginners are expected to play safe, even those who understands and also are wealthy to lump sum preferably choose to DCA rather than alone lump sum. Both can be done in the whole process of accumulation but it is not advisable for a beginner to prioritize the root of lump summing other than DCA, wrong timing to lump summing is one big effect as to yet a beginner.