Buy the DIP, and HODL!

[Btcdeybodi]

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

A lot of people who are into bitcoin investment are willing to buy bitcoin in every because every dip is an opportunity to accumulate bitcoin but because of many responsibilities they may not be able to meet up of taking advantage over the dip.

 Missing the dip because of too much loads just to survive is not a problem as far as one doesn't always wait for the dip to take place to buy bitcoin but also use the DCA method to buy bitcoin whenever money is available to buy bitcoin. As far as one understands that their is no perfect time to buy bitcoin, even if the person is not able to buy bitcoin during the dip because of financial challenge I don't think the person is really missing out because there is always a chance to buy bitcoin whenever one can afford it.

Yeah anyone can buy Bitcoin whenever they wish to but for anyone using the DCA strategy, it requires consistency. That is if you want to DCA every week or every month you have to make sure that the funds will always be coming regularly because as soon as you are slow in your DCA, before you know it you can start becoming so tired just like you talked about other responsibilities, that is why we are advised to start with an amount that will not affect us and while making use of the DCA, it is good to have reserve funds so that in case of a DIP you can have the opportunity of buying and also having emergency funds to attend to any needs that may arise so that it doesn't affect your DCA amount. If you make provisions for all this things then you are most likely to have a smooth investment process.

[Yucky]

A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.  

I believe that all of us have their own targets but the problem starts when we actually hit our target and we don't comply and follow the plan that we've setup. And the reason for that is the nature of human about greediness. We all want to see more, the better and higher price that's why even if we hit the target, we don't obey to our own plans.

IMO, I don’t know the kind of plan you’re referring to but definitely every bitcoin investor target is getting a good portfolio. After owning the desired amount although there’s nothing like satisfied bitcoin accumulation, an investor might feel like they've gotten much but still keep accumulating that’s normal and good because there’s no limit owning bitcoin . Consistent accumulating is the best plan for me, continues accumulating after reaching an achieved target doesn’t mean greed if that’s what you’re referring to.

in most cases, the first goal of an investor is always so small and just centered at building your portfolio up to the slightest  extent. In the pursuit of building Bitcoin portfolio to that extent you gain knowledge and get to set the right plans in place that can help you reach a better goal, thier is absolutely nothing that's wrong with having such a plan as an investor as long as you're not doing it at the detriment of fulfilling your core desires.

Greed is mostly applicable to altcoins that lack Future potentials and when you managed to hit some profit from it and still want to get more. For Bitcoin that's solid and less risky in terms of long term investment, reaching your goal and wanting to achieve more is not same as being greedy. Except you have a desire or an important project you've yarn to do and that is the main reason you're building your Bitcoin portfolio so you can easily achieve it, if that's the case then after reaching your goal, it is wise to carry out such project since you will certainly take out your holding at certain point and it's best you utilize it in doing the right thing and not try to reinvest it in a less profiting asset.

[JayJuanGee]

A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.  

I believe that all of us have their own targets but the problem starts when we actually hit our target and we don't comply and follow the plan that we've setup. And the reason for that is the nature of human about greediness. We all want to see more, the better and higher price that's why even if we hit the target, we don't obey to our own plans.

IMO, I don’t know the kind of plan you’re referring to but definitely every bitcoin investor target is getting a good portfolio. After owning the desired amount although there’s nothing like satisfied bitcoin accumulation, an investor might feel like they've gotten much but still keep accumulating that’s normal and good because there’s no limit owning bitcoin . Consistent accumulating is the best plan for me, continues accumulating after reaching an achieved target doesn’t mean greed if that’s what you’re referring to.

That is the two different school of thought we have as long as bitcoin investment is concerned. In everything that is called investment, there is supposed to be a target whereby if the Investor hits this target they will exit that investment. But in Bitcoin investment there are some people who do not have any target, they just want to save  in Bitcoin and believe that one day bitcoin will worth very high and they will become financially free.
While there are some who are invest in because of the Bitcoin halving and bull run season. This set of people always by during the bear market and wait till the bullrun starts for cash out.

However, if all things being right for a person, it is right to hold bitcoin for a very long time and see what bitcoin will be in the future.

It could be the case that some people think about their investment as something that they build up  and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating,  does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.

[$crypto$]

If a new investor that his DCA is ongoing consistently, and he has $1000, he can chose to share it into three parts whereby he uses $300 to lump sum, $200 to buy at the dip and $500 to DCA with $50 for 10 weeks. The important thing is that your DCA should not stop but keep buying for a long period of time.

Tweaking from one strategy to the other will depend on the size of your bitcoin portfolio and how best you understand using those different strategies.

A beginner can make this kind of simulation an important part of a bitcoin investment strategy and indeed one can adjust which is more comfortable among the 3 parts or doing all 3 parts would be better.

The important thing is that DCA should be the main strategy for accumulation, while the others can follow the flow of money you have including beginners who are just starting out.

I prefer the main DCA strategy to be weekly.
Trading funds to anticipate when the price drops then ready to buy it.

[Wind_FURY]

If they can buy in bulk then maybe its good for them but if they do DCA maybe they should start as early as they can since this is I think more better decision to do compare of waiting for unnecessary dumps.

You could do both.

¯\_(ツ)_/¯

After all of these years talking about this buy the dip topic, you should realize and appreciate by now that there are always tradeoffs for anyone who decides to hold back value in order to wait for dips that may or may not end up coming.  

I learn and continue to learn and I have accepted the fact that a person can do BOTH if he/she chooses to. Because, why not? Both have their advantages in an accumulators' strategy.

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

[MainIbem]

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

[Roseline492]

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

[Taskford]

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

It really never be a bad idea to use 10% of our monthly salary to buy bitcoin if this is what we can afford. If they think other people that this is small amount then let them think about that. Maybe they are rich that's why they say about that. What's important is they are accumulating and for sure that numbers will not remain like that since for sure that there are times we earn extra money then used it to buy bitcoin.

For sure we still have good balance to have especially if they decide to hold it for long years. Its really challenging to separate some funds for investment if we have personal obligations from our family. But if the person is really eager to make their life became more better for sure there's always a way to make everything they want to happen. Also we should never invest all our money since for sure that we will have or encounter an issue if we do this.

[Moreno233]

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

I don't think there is any point deciding what percentage of salary others should invest in Bitcoin because that depends on a lot of factors which varies from individual to individuals. In other words, the percentage an individual should invest in Bitcoin is something the individual should work out by himself to know what will be suitable base on his level income and responsibility because the bigger picture is to invest in Bitcoin and be able to manage the investment properly so they are not sold off when there are challenges. Therefore, one of the key role of the investor is to ensure plans and provisions are made to take care of anything that might make the investment to be sold off.

[Jaycoinz]

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

A lot of people who are into bitcoin investment are willing to buy bitcoin in every because every dip is an opportunity to accumulate bitcoin but because of many responsibilities they may not be able to meet up of taking advantage over the dip.

 Missing the dip because of too much loads just to survive is not a problem as far as one doesn't always wait for the dip to take place to buy bitcoin but also use the DCA method to buy bitcoin whenever money is available to buy bitcoin. As far as one understands that their is no perfect time to buy bitcoin, even if the person is not able to buy bitcoin during the dip because of financial challenge I don't think the person is really missing out because there is always a chance to buy bitcoin whenever one can afford it.

Yeah that's true, buying Bitcoin during the dip is important and also at good advantage to the investor but even at that it's not mandatory that you must wait for the dip to come before buying. If the investor steadily buys Bitcoin then I believe he is more covered than actually waiting on the dip before buying but just Incase the opportunity is available then buying during the dip is the better but consistency too must be maintained and that's where DCA method comes in play, I mean just continue buying and when the Dip present itself and funds is available you buy even more.

[sotelorene]

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

Investing with 10% of our weekly or monthly salary is a bit small and a bit high depending on what is been received weekly or monthly, that is to say there are investors who's salary is  very small to the extent that they barely sustain themselves till next salary and there are also investors who receive handsome salary that even if the salary is been divided into 3 parts,  1 part of it can be enough till the other month so this kind of investor 10% will be like a child's play. In summary the percentage to use for investment is dependent of the weekly or monthly salary.

Dude, lets be specific what we are talking or discussing here is not cryptocurrency rather what we are talking about is Bitcoin investment and going to loan money to do crypto is very risky and then again you are sounding like a trader because even you invest or made an entry when the price of Bitcoin was/is  $60k plus and then the market declined to $50k that doesn't make investor to be in a mess unless you are trading I mean that's volatility it is band to happen  and sooner or later it will take an uptrend.

[Zanab247]

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

Investing with 10% of our weekly or monthly salary is a bit small and a bit high depending on what is been received weekly or monthly, that is to say there are investors who's salary is  very small to the extent that they barely sustain themselves till next salary and there are also investors who receive handsome salary that even if the salary is been divided into 3 parts,  1 part of it can be enough till the other month so this kind of investor 10% will be like a child's play. In summary the percentage to use for investment is dependent of the weekly or monthly salary.

Dude, lets be specific what we are talking or discussing here is not cryptocurrency rather what we are talking about is Bitcoin investment and going to loan money to do crypto is very risky and then again you are sounding like a trader because even you invest or made an entry when the price of Bitcoin was/is  $60k plus and then the market declined to $50k that doesn't make investor to be in a mess unless you are trading I mean that's volatility it is band to happen  and sooner or later it will take an uptrend.

It depend what you are earning from the place of your work before you can say the 10% from the salary is too small because there are some people who pay light bill, house rent bill, children school fees and feed the family from the salary and if such person budget 10% from his or her salary to invest in BTC weekly or monthly, I guess it will bring out good results in the nearest future. Yes, it depend what you are earning from your organization and your knowledge towards BTC investment because if you don't have the knowledge of the investment, there is no way you can take a good risk from your salary to invest what will make your profit big, because what you invest in BTC will determine what you are going to earn when bull run occur.

This is BTC investment we are talking about here not cryptocurrency or fiat investment, but don't forget that some people use loan to make profits from BTC investment, but I will not encourage anyone to use loan to invest in BTC to make profits because is a big risk in BTC when the price remain low through out the year and it will make you not to live comfortable in your environment.

[bitcoin_mining]

Yesterday I made a big investment decision, I am thinking of setting up a separate fund for my investments to ensure continuity of my investment and to make the investment long term. 

Basically the main purpose of setting up this separate fund is to use that fund at critical times. People can face danger and need money any time, if I have a big financial need and if I have a big problem, that's why I decided to set up a separate fund so that my investment doesn't get irregular. Basically I will use this fund for a very limited period of time, when I find that I can't spend money on investments, I will spend money from that emergency fund and continue investing. When I have money again and things are back to normal, I will put the money I took from my emergency fund back into that separate fund. I don't know how you see it, but I think it might be acceptable and right for me.

[Justbillywitt]

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

Any investor that cannot invest 10% of his weekly or monthly salary is not a serious investor. 10% is not that very big, neither can it be considered as being excessively aggressive. No matter how large your family is, if 90% of your salary can't sustain you till your next salary comes in, I don't think 100% will be enough for you. If you find yourself in this situation what you have to do is to cut down on your expenses, and not to cut down on the 10% that's is to be invested in bitcoin. If you check very well on those your expenses that you think that the 90% of your salary won't be able to solve, there are things which you can do without there. You just have to let them go so that the 10% budgeted for bitcoin investment will be sustainable.

[Ruttoshi]

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

Any investor that cannot invest 10% of his weekly or monthly salary is not a serious investor. 10% is not that very big, neither can it be considered as being excessively aggressive. No matter how large your family is, if 90% of your salary can't sustain you till your next salary comes in, I don't think 100% will be enough for you. If you find yourself in this situation what you have to do is to cut down on your expenses, and not to cut down on the 10% that's is to be invested in bitcoin. If you check very well on those your expenses that you think that the 90% of your salary won't be able to solve, there are things which you can do without there. You just have to let them go so that the 10% budgeted for bitcoin investment will be sustainable.

A new investor will invest in bitcoin based on his own discretionary income because that is the most important thing that will keep his DCA buying ongoing for a very long time so that he does not use more than the amount he is supposed to use to buy bitcoin, if not he will end up selling part of his bitcoin when he is faced with difficulties. Using part of your discretionary income is the best be it 5% and above, as long as you are DCAing consistently and persistently building an d growing your bitcoin stash overtime.

If his salary or income increases, he can also increase his DCA amount. However, if a brand new investor who does not understand much about bitcoin and wants to invest immediately, he can start with 5% of his salary for one - two years and when his confidence and trust increases, he can increase the amount to 10% or more since he c an afford it and that will not affect his monthly expenses, since he only wanted to start with a little amount in the beginning. The size of your emergency funds will also determine how aggressive you will be when increasing the amount that you will use for your regular DCA.

[SOKO-DEKE]

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

A lot of people who are into bitcoin investment are willing to buy bitcoin in every because every dip is an opportunity to accumulate bitcoin but because of many responsibilities they may not be able to meet up of taking advantage over the dip.

 Missing the dip because of too much loads just to survive is not a problem as far as one doesn't always wait for the dip to take place to buy bitcoin but also use the DCA method to buy bitcoin whenever money is available to buy bitcoin. As far as one understands that their is no perfect time to buy bitcoin, even if the person is not able to buy bitcoin during the dip because of financial challenge I don't think the person is really missing out because there is always a chance to buy bitcoin whenever one can afford it.

Yes, almost everyone wants to get Bitcoin at a dip, but the question is: do we know when the dip will happen again? The answer is no, because nobody can accurately predict Bitcoin's price. So, why should anyone who really wants to invest in Bitcoin wait for a dip that they don’t know when it’s going to happen? Some people have been waiting for Bitcoin to dip again so they can accumulate more, but I think this approach is wrong. Someone could be waiting for something they have no assurance of. Instead of waiting for a dip that is uncertain, why not adopt the DCA (Dollar Cost Averaging) strategy? This approach allows you to buy Bitcoin at different prices as you invest regularly, whether weekly or monthly.This method has enabled many people to accumulate Bitcoin, and as they continue to do so, they also see the advantage of it. By buying at different prices, whether during a dip or at a higher price, their wallet value hardly decreases anyhow.

[Marvelockg]

Basically I will use this fund for a very limited period of time, when I find that I can't spend money on investments, I will spend money from that emergency fund and continue investing. When I have money again and things are back to normal, I will put the money I took from my emergency fund back into that separate fund. I don't know how you see it, but I think it might be acceptable and right for me.

Because of how unpredictable emergency situations are, it's best to keep our emergency funds and never use it for your investment purpose. I know that the issue you're likely considering is that when you keep that emergency funds for a long period of time without using it, it might appear as though you're wasting it for nothing but that's not the case. It's better to have an emergency funds you're not spending but that's lying dormant and ready for the time you would want to utilize it than using your emergency fund to buy Bitcoin and when you are faced with an unplanned event, you're forced to sell your Bitcoin to sort out your emergency.

If you do the required planning and allocate a certain portion of your earning for your DCA and then another for your upkeep and then the third portion for your emergency funds, it's going to help you have a balanced investment routine. Maybe at this start you might not be all that strong financially to set all these in place but you just have to set a structure that you're going to follow when things falls well in place and start investing and implementing them In a little way.

[tiCeR]

...

It could be the case that some people think about their investment as something that they build up  and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating,  does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.

I think you couldn't be more accurate here. I would add though that it might a question of needs and opportunities. If you reached the accumulation target for BTC and the price is amazing (whatever that means) and in the neighborhood out of a sudden there is this once in a lifetime opportunity to buy that house that you ever dreamt of, then maybe it is also a question of satisfaction that can become decisive. Now if that means I am forced to sell off everything in BTC and then top of that take a mortgage to get it financed, I should probably think twice (unless I have some deadly disease and want to live in a dream place for a short time...).

It's true that people can have a target without actually intending to sell by then. Regarding the price, the truth is that we are still so early days that I think nobody can reasonably estimate where BTC will end up or peak for a long time. I will be honest and say it could be anything. If governments start racing for accumulation because they once and for all understood that bitcoin has geopolitical relevance, well, how much does there even remain for us normal human beings? And this is not an unrealistic scenario. It's probably already happening for sure apart from El Salvador.

I just remember people saying that BTC will never reach 1,000 USD, then they said it will never reach 10,000 USD, then they doubled that number, then institutions started to announce that bitcoin could change the world, then governments were involved in various ways like selling seized BTC, which actually legitimates it because governments can't prohibit something that they sell themselves.

So many details to consider here. I am curious to see where this is heading in the next 5 - 10 years. It doesn't mean we won't see crashes. For sure there will be crashes as with any asset that is subject to herd behavior, but bitcoin is very often fought back in the recent past when some experts announced that there will be a black swan event.

[ginsan]

It could be the case that some people think about their investment as something that they build up  and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating,  does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.

I think you couldn't be more accurate here. I would add though that it might a question of needs and opportunities. If you reached the accumulation target for BTC and the price is amazing (whatever that means) and in the neighborhood out of a sudden there is this once in a lifetime opportunity to buy that house that you ever dreamt of, then maybe it is also a question of satisfaction that can become decisive. Now if that means I am forced to sell off everything in BTC and then top of that take a mortgage to get it financed, I should probably think twice (unless I have some deadly disease and want to live in a dream place for a short time...).

It's true that people can have a target without actually intending to sell by then. Regarding the price, the truth is that we are still so early days that I think nobody can reasonably estimate where BTC will end up or peak for a long time. I will be honest and say it could be anything. If governments start racing for accumulation because they once and for all understood that bitcoin has geopolitical relevance, well, how much does there even remain for us normal human beings? And this is not an unrealistic scenario. It's probably already happening for sure apart from El Salvador.

I just remember people saying that BTC will never reach 1,000 USD, then they said it will never reach 10,000 USD, then they doubled that number, then institutions started to announce that bitcoin could change the world, then governments were involved in various ways like selling seized BTC, which actually legitimates it because governments can't prohibit something that they sell themselves.

So many details to consider here. I am curious to see where this is heading in the next 5 - 10 years. It doesn't mean we won't see crashes. For sure there will be crashes as with any asset that is subject to herd behavior, but bitcoin is very often fought back in the recent past when some experts announced that there will be a black swan event.

It may be true that if you are in that situation you will make two decisions, the first is to get luxury goods/houses or everything that you have dreamed of for years, and the second decision is that you will think wisely about the bitcoin investment that has been built from a long time ago. Yes, my answer is maybe if we have achieved the desire to have a luxury home and at that time all your wealth that you have in BTC. If it happened to me, maybe I would only sell some BTC and the others I would keep for years to come.

The reality is someone who has fallen in love with Bitcoin of course will not leave BTC in the investment that he will make. So at this point we can rebuild our BTC portfolio by accumulating every week because we only sell some BTC just to satisfy ourselves with our dream of having a luxury home.

This often happens to the wider community where they change their lifestyle when they have reached the level of wealth that they have built from the investments they have made. I remember one word, fulfill your dream when you are able to achieve it. Yes, that is a common thing and we remain in our position to have BTC and also have a luxury home. Just sell some of it and buy it back through DCA, of course, slowly you will have the BTC back like before you sold it.

[JayJuanGee]

If they can buy in bulk then maybe its good for them but if they do DCA maybe they should start as early as they can since this is I think more better decision to do compare of waiting for unnecessary dumps.

You could do both.
¯\_(ツ)_/¯

After all of these years talking about this buy the dip topic, you should realize and appreciate by now that there are always tradeoffs for anyone who decides to hold back value in order to wait for dips that may or may not end up coming.  

I learn and continue to learn and I have accepted the fact that a person can do BOTH if he/she chooses to. Because, why not? Both have their advantages in an accumulators' strategy.

Of course, you can do both.

Yet, the mere fact that you can do both does not mean that you need to do both or that it would be preferable to do both. 

Each person has to decide regarding the extent to which one approach might be better than another in the context of his own circumstances.

Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

There is nothing wrong with thinking about a formula for yourself, even though some newbies may end up better reversing those numbers or to have all or almost all dedicated to DCA buying and little to none dedicated to buying dips, especially as some members already mentioned that they are going to be buying dips and non-dips through DCA,and also that there is no real way to know whether more dip is coming or not, yet surely any person could have some kind of a regular buying of $100 per week and then after becoming concerned that there might be more dip, convert over to buying $70 each week and holding the remaining $30 to buy on dips and perhaps set some kind of dip parameters, and if the dip parameters are somewhat restrictive (or at least not getting triggered), then perhaps after 10 weeks, $300 might end up building up, so even the amount of money building up (for the purpose of buying the dip), could end up contributing to some needs to reconsider how to allocate the money... and yes, individual choices.. including that the person might also receive some kind of an unexpected bonus (let's say $1,000), so then might need to consider how to allocate that money in terms of buying the dip money, DCA allocating or perhaps buying right away with some or all of it, and so sometimes receiving some kind of unexpected amount of extra cash (or discretionary income) can provide a lot of relief due to providing additional options regarding how to treat such extra cash that came into the picture.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

If you have money available to buy at that price, sure.. no problem, yet it can be problematic to hold very much value out of anticipation of such potential dip prices that might not end up playing out.

By the way, I surely don't know if I am very likely to be correct or not, yet for several months, maybe half a year or more, I have been suggesting that I would be willing to bet that the BTC spot price does not go any lower than 20% above the 200-WMA until the end of 2025, so that means that I have been anticipating that the odds are less than 50/50, and that is  why I am willing to make such bet - yet at the same time, having bets with something in the ballpark of 50/50 odds is not really expressing a whole hell of a lot of confidence, yet maybe at least enough confidence to enter in the bet with an expectation that the odds of winning are greater than the odds of losing... so yeah, in recent times, the 200-WMA has been moving up between around $30 to $45 per day, and currently in the lower end of that range, yet surely as the BTC price goes up then the amount that the 200-WMA moves up per day will likely also move up.. and right now, BTC spot price is right around 52% higher than the 200-WMA.  https://bitcoindata.science/withdrawal-strategy.

If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

Using 10% of monthly salary by salary earners is not a bad idea, I consider this one of the best approach when it comes to DCA, cause one would still have reserve funds as a leverage to take advantage of the market when their's a massive dip for instance about weeks ago when Bitcoin fell below $50k. This is the more reason why it's advised that people shouldn't loan money to go into Cryptocurrency, imagine if someone made entry with a loaned money at $60k plus and the market declined below $50k they'll end up being in a big mess cause I wonder how they'll pay off the debt, investing on Bitcoin especially when someone is using the DCA method is meant for those who got a stable income and not some jobless person trying to alleviate themselves with the little funds they got through Bitcoin.

I don't think there is any point deciding what percentage of salary others should invest in Bitcoin because that depends on a lot of factors which varies from individual to individuals. In other words, the percentage an individual should invest in Bitcoin is something the individual should work out by himself to know what will be suitable base on his level income and responsibility because the bigger picture is to invest in Bitcoin and be able to manage the investment properly so they are not sold off when there are challenges. Therefore, one of the key role of the investor is to ensure plans and provisions are made to take care of anything that might make the investment to be sold off.

I don't have any problem with folks trying to figure out some kind of a target amount that they are going to invest and/or save, and I recall that even when I was young, I would try to target something like 10% or more of my gross income to invest and/or save.

Of course, as you mentioned, there is a bit of devil in the details, and we should attempt to use the correct language, which is that no one should be investing more than their discretionary income, which truly some people have higher levels of discretionary income than others, yet sometimes we can also increase our discretionary income by increasing our income and/or cutting our expenses.  So we an assess how much of our discretionary income is part of our gross income, yet we can also assess how aggressive we are going to be in terms of our use of our discretionary income for investing/savings rather than for consumption.  There is no one correct formula, yet those who are more aggressive in regards to the amount of their discretionary income they invest into bitcoin are likely going to progress more greatly in their bitcoin investment, yet they might end up sacrificing other areas of their personal life, so they likely need to find some kind of a reasonable balance... that also allows them to feel that they are making reasonable progress in their bitcoin accumulation journey.