Buy the DIP, and HODL!

[JayJuanGee]

Bitcoin is easy to understand, a beginner does not need in-depth knowledge nd understanding of Bitcoin.

"I think that it is important to point out that no one is really rejecting the idea of having knowledge or even suggesting or promoting the idea of ignorance"
 These were the exact words @JayjuanGee used when he was addressing similar post as this your statement here in this thread last week. And I think there is enough sense in what he was saying. In as much as some newbie can make his first investment in bitcoin without having adequate knowledge in bitcoin, does not mean that such investor should stand on his ignorance and make it look like it is the right thing to do. To successfully hold his investment, there are things he needs to figure out immediately before making his subsequent investments, especially if he is buying through DCA. Knowing his disposable income and and separating it from his reserve, emergency funds and daily expenditures funds are very important thing he need to figure out. These things forms part of the in dept knowledge that an investor need to have and they are crucial to the investor.

I think that part of these points about knowledge and/or how much knowledge is needed or how much is prerequisite, a lot of them are discretionary, which means that it is up to the person to figure out how much knowledge that he wants to have in order to protect his income, and to get started most of the knowledge is not needed beyond just knowing whether he has some extra money within his disposable/discretionary income (whether it is $10 or some higher amount) to put into bitcoin to get started.  Surely, to call it an investment rather than a trade, then there are likely going to be more requirements of knowledge that may well need to be built along the way in order to make the investment successful, so surely we have a bit of presumption that we would like our investment into bitcoin is going to be successful in terms of putting us in a better position for having had invested in bitcoin as compared with the position we would have had been in if we had not invested into bitcoin.

Maybe even getting started the person buying BTC might not even be sure if he is investing or trading, since he might not have had even established that he is going to be able to put his money into bitcoin for 4-10 years or longer, yet I would argue that if he ends up not being able to commit to 4-10 years or longer then he is more likely engaging in trading rather than investing, yet I doubt that there is any requirement that he establishes those kinds of parameters upon himself right from the start.  It may well take an investor 6 months to 12 months or even longer to figure out that he is going to be investing 4-10 years or longer, even though many of us would likely argue that the guy is going to be better off to engage in some planning rather than just being whimsical about his investment, since the more likely that he has not set any parameters, then the more likely he is either going to engage in trading behaviors including having more likelihoods to be scared (or greedy) in selling his BTC without committing to any kind of longer timeline, in which a longer timeline would likely end up being more to his advantage.

The more knowledge we gain along the way, then the more likely we will be able to tailor our BTC investment plan in long term kinds of ways, yet we still may well realize that there are various  levels of knowledge about BTC, and even the DCA investor does not need to have a lot of knowledge about bitcoin as compared with other investments in order to still set a DCA plan and even to consider himself investing into bitcoin merely based on his belief that bitcoin has number go up technology built in... which is not even really a very informed kind of way of thinking about bitcoin, yet there might not need to be much more knowledge than that in order to invest into bitcoin and build, establish and maintain a bitcoin position.

Surely, a lot of the bitcoiners also consider that a lot of the value that comes from bitcoin relates to its individual sovereignty attributes, so in that sense it seems that a lot of bitcoiners will need to hold their own keys for bitcoin in order to retain its value, yet each individual does not need to engage in self-sovereignty behaviors of building knowledge and/or employing self-sovereignty practices in order to still profit from getting price exposure to bitcoin, including holding bitcoin on exchanges, or through ETFs or other third party investment mechanisms, and  yeah, some of us might argue that they are not really participating in bitcoin, even though they are engaging in practices to get price exposure to bitcoin and they might be running risks of rugpulls, and that is their choices (even a choice if they want to even learn about the difference between holding actual bitcoin or holding bitcoin through 3rd parties).  Of course, personally I believe that it is better to hold most if not all of your BTC in self-custodial kinds of ways, yet I am not going to argue that all individuals need to make those kinds of choices or engage in that kind of learning prior to their buying BTC (or buying BTC price exposure).

When DCA investing into bitcoin, a person might not need to know very much about bitcoin in particular, yet they may need to know some particulars about from where they are sourcing their bitcoin, and know whether they are buying manually or automatically, whether weekly or otherwise, and surely they need to know that they are spending within their discretionary income otherwise they may well make the mistake of spending money that they need for their expenses whether in the short-term or further down the road.. So there may need to be some knowledge of current and/or future cashflow and expenses in order to assure not getting put into a position of having to sell some or all of his bitcoin investment at a time that was not of his complete own choosing.

Bitcoin is undeniable the best asset to invest. But if you keep waiting for the dump then what will happen to you on bullish times? Provably you are in standby mode doubting and trying to figure out on when you could enter. That situation you gonna choose is confusing and provably that confuse you or create fear not to buy. So instead of waiting for the dip better if you buy your bitcoins at what price you could able to buy. You are doing DCA anyway and for sure those big pumps and dumps would never affect you.

That is the question I have been meaning to ask those who always say that Bitcoin is too high for them to buy now because that means they will not be able to buy Bitcoin in the future when the price must have gone very higher, actually what those people do not understand is that any assets that has serious value tend to have a great potential and when the assets is of a great potential it tends to have a very high increase in value as time goes by and of course Bitcoin is the assets of a great potential so the more people are waiting for the right moment that's the more the value will be drastically increasing and only those who understand the worth are the ones who is continually buying.

You are correct.  There are some folks who psychologically price themselves out of buying bitcoin because they prematurely judge where that the current price is over valued, and most likely they don't really know about bitcoin, yet they come to a premature conclusion that it is overly priced.  They likely have to spend a lot of time researching bitcoin in order to unlearn their wrong perceptions of bitcoin, and so they may well have to end up have fun staying poor, unless they can overcome some of their own wrong perceptions and perhaps even spend a bit of time studying bitcoin in order to come to some better understandings of it. 

It is true that some people (even very smart people) have difficulties wrapping their heads around what is bitcoin and why bitcoin is valuable... and sometimes even that they might still be better off to take some kind of a small position in bitcoin, such as 1% of their investment portfolio, even if they don't really feel that they understand it...

So sometimes folks can be skeptical and/or even somewhat ignorant of bitcoin (or unable to wrap their heads around it), and so those kinds of doubts might well be better to justify taking a smaller position in bitcoin rather than completely abstaining from investing into bitcoin. Yet, surely people are going to make their own choices, and a lot of times, they fail to take any position in bitcoin rather than taking the more prudent route of just taking a small position in bitcoin, such as 1%, even though since 2020, I have been recommending everyone (even beginners to bitcoin) should shoot to take a 5% to 25% position in bitcoin, so the ones with more skepticism would error on the lower side of the range rather than the higher side... yet in the end, each person has to decide for himself/herself in regards to whether to invest in bitcoin and if so what position size to establish that will satisfy a balance of their own budget but also potentially their skepticisms about bitcoin.

[I_Anime]

I'm glad you pointed out how important it is for students not consider the option of using money meant for their tuition fees to invest in Bitcoin. It's very crucial to lay much emphasis on the importance of prioritizating essential expenses such as tuition fees because it falls under money they can't afford to lose. It may not be considered to be smart investing at all to use money meant for other important expenses to accumulate Bitcoin as it could put you on a very uncomfortable spot when the sudden need for that money arises, keeping one in a compromising state of considering to sell off their holding in order to foot that need, which very bad for investment. To avoid such scenarios,  it's very crucial to strike a balance between financial responsibilities and smart investing, because by doing this, they'll be building a very strong and solid foundation for their financial future.

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher.

But due to the fact that the world is going digital each day, it has create opportunity for young students to be able to learn some skills online , which have help alot of students to start earning in their comfort zone without it affecting their studies. So such individual can actually start investing in Bitcoin with some portion of the money usually get from that skill, and he or she  may choose to focus his own personal earning in Bitcoin investment while his parents take care of his emergency funds.In that way he or she will be able to build a better investment for he or her self in a long run .

Than wasting money in some irrelevant things because now and days most young students can differentiate want from need , so they may start leaving a luxurious life style.

[JayJuanGee]

I'm glad you pointed out how important it is for students not consider the option of using money meant for their tuition fees to invest in Bitcoin. It's very crucial to lay much emphasis on the importance of prioritizating essential expenses such as tuition fees because it falls under money they can't afford to lose. It may not be considered to be smart investing at all to use money meant for other important expenses to accumulate Bitcoin as it could put you on a very uncomfortable spot when the sudden need for that money arises, keeping one in a compromising state of considering to sell off their holding in order to foot that need, which very bad for investment. To avoid such scenarios,  it's very crucial to strike a balance between financial responsibilities and smart investing, because by doing this, they'll be building a very strong and solid foundation for their financial future.

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher.

But due to the fact that the world is going digital each day, it has create opportunity for young students to be able to learn some skills online , which have help alot of students to start earning in their comfort zone without it affecting their studies. So such individual can actually start investing in Bitcoin with some portion of the money usually get from that skill, and he or she  may choose to focus his own personal earning in Bitcoin investment while his parents take care of his emergency funds.In that way he or she will be able to build a better investment for he or her self in a long run .
Than wasting money in some irrelevant things because now and days most young students can differentiate want from need , so they may start leaving a luxurious life style.

I don't really like the idea of parents serving as an emergency fund, even though surely there is some truth in that, yet when we start to invest into something like bitcoin, each of us likely need to get into some good practices, including the creation of our own emergency fund, even if we might be able to get away with building and/or maintaining a smaller amount because we have our parents as additional emergency funds... the same is true for other kinds of better practices in regards to using reserve funds prior to even touching emergency funds, so it may well become way and way more likely that any of us might be investing for many years and never even come close to touching our emergency funds because we use our other categories of back up funds prior to ever getting into a state of emergency (or having to use any of our emergency funds).

[sotelorene]

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

[Tungbulu]

I'm glad you pointed out how important it is for students not consider the option of using money meant for their tuition fees to invest in Bitcoin. It's very crucial to lay much emphasis on the importance of prioritizating essential expenses such as tuition fees because it falls under money they can't afford to lose. It may not be considered to be smart investing at all to use money meant for other important expenses to accumulate Bitcoin as it could put you on a very uncomfortable spot when the sudden need for that money arises, keeping one in a compromising state of considering to sell off their holding in order to foot that need, which very bad for investment. To avoid such scenarios,  it's very crucial to strike a balance between financial responsibilities and smart investing, because by doing this, they'll be building a very strong and solid foundation for their financial future.

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher.

Yes you're absolutely correct.
Bitcoin can be a very reliable and efficient store of value for anyone who wish to store their wealth under the umbrella of bitcoin, but this isn't advisable when the intention is to store the wealth for a short-term,  due to the uncertainty and unpredictable nature of the bitcoin market, there's no way to predict the next move of the market, hence considering the long-term trajectory of the market remains the only to secure one's holding.

If a guy buys bitcoin today (with intentions of preserving the value of his wealth and protection at against inflation) with intentions of selling in a matter of weeks, it's possible that bitcoin price can drastically drop in within weeks and it could stay within that range for the next few months, meaning that if he eventually sell as planned, he'll end up hitting a huge loss, thereby defeating his original intentions of wealth preservation. So buying bitcoin with money you have short-term plans for is a totally bad idea, because it would no longer be called an investment but a gamble because then, there chances of losses becomes pretty much.

~snip~
 

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher.

But due to the fact that the world is going digital each day, it has create opportunity for young students to be able to learn some skills online , which have help alot of students to start earning in their comfort zone without it affecting their studies. So such individual can actually start investing in Bitcoin with some portion of the money usually get from that skill, and he or she  may choose to focus his own personal earning in Bitcoin investment while his parents take care of his emergency funds.In that way he or she will be able to build a better investment for he or her self in a long run .
Than wasting money in some irrelevant things because now and days most young students can differentiate want from need , so they may start leaving a luxurious life style.

I don't really like the idea of parents serving as an emergency fund, even though surely there is some truth in that, yet when we start to invest into something like bitcoin, each of us likely need to get into some good practices, including the creation of our own emergency fund, even if we might be able to get away with building and/or maintaining a smaller amount because we have our parents as additional emergency funds... the same is true for other kinds of better practices in regards to using reserve funds prior to even touching emergency funds, so it may well become way and way more likely that any of us might be investing for many years and never even come close to touching our emergency funds because we use our other categories of back up funds prior to ever getting into a state of emergency (or having to use any of our emergency funds).

Most definitely...
Everyone is meant to be in total control of their emergency fund, and the emergency fund should at all time be accessible to the owner at all time.  Allowing your parents to take care of your emergency fund simply means giving them the control over it. In Addition,  your parents could have their own emergencies too, and they'll definitely use the funds to sort them out, so what if your emergency occurs right after your parents just finish using the emergency funds to sort out their own emergency?  That would only mean 1 thing, and that's you dipping your hand into your bitcoin portfolio to sort out your emergency hence messing up your financial plans and foundation.

So it's very important to have your own personal emergency funds, even if you have the liberty of getting help from your parents whenever you need it. Instead, I think it'll be a much preferable idea if your parents gives you the money at a specific interval and you on the other hand puts it in your emergency fund under your custody,  that way, your parents are indirectly helping you taking care of your emergency fund, by also providing you with financial support.  This way you're sure that the emergency fund is accessible to you at all time.

[salad daging]

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

I prefer to consistently do DCA rather than buy DIP this has been a long term strategy plan in DCA accumulation, more convenient of course I still have fiat to own and get a better price.
This strategy should be maintained and I also see many interesting arguments here, although there is no conclusion on myself yet I still maintain the DCA strategy.
It has been more than 2 years with the DCA strategy and the results are quite good after looking at the portfolio and will certainly continue to be maintained.

[Felicity_Tide]

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher

But due to the fact that the world is going digital each day, it has create opportunity for young students to be able to learn some skills online , which have help alot of students to start earning in their comfort zone without it affecting their studies. So such individual can actually start investing in Bitcoin with some portion of the money usually get from that skill, and he or she  may choose to focus his own personal earning in Bitcoin investment while his parents take care of his emergency funds.In that way he or she will be able to build a better investment for he or her self in a long run .

Than wasting money in some irrelevant things because now and days most young students can differentiate want from need , so they may start leaving a luxurious life style.

I couldn't grab the actual message you were trying to pass from the first paragraph, but I agree with the other part of your writeup.

Let me just add to what have been said from other two paragraphs. When you say students, we are not just referring to every random individual that carries a school bag to class, take lectures and do assignments. We are referring to individuals that are financially open minded, and understand the need to prepare for the future. In this current generation, education is not longer a go to school and get a job approach. Sorry to say this, but the truth is that, the majority of those in schools don't even know that the future demands alot, and early preparation is the key. Take El Salvador for example, where Bitcoin is a legal tender. I sometimes watch online videos of some of their students, as they are been taught how to perform basic Bitcoin transaction and other things that are related. Such basics is already/automatically a open door to encourage them to invest in Bitcoin.

A student who is not financially open minded won't see a need in investing in Bitcoin even when such information comes his/her way. Bitcoin investment isn't a social media trend or something to play with. It's a financial decision, that anyone can decide to opt for.

~

I don't really like the idea of parents serving as an emergency fund, even though surely there is some truth in that, yet when we start to invest into something like bitcoin, each of us likely need to get into some good practices, including the creation of our own emergency fund, even if we might be able to get away with building and/or maintaining a smaller amount because we have our parents as additional emergency funds... the same is true for other kinds of better practices in regards to using reserve funds prior to even touching emergency funds, so it may well become way and way more likely that any of us might be investing for many years and never even come close to touching our emergency funds because we use our other categories of back up funds prior to ever getting into a state of emergency (or having to use any of our emergency funds).

I think I understood the point from which I_Anime is coming from by insisting that parents should serve as emergency funds. In this scenario, most students are 100% under the care of their parents, so whatever funds that comes from them will be used to address basic things, and serve for emergency purpose. But this form of care shouldn't make any student too comfortable, but rather, serve as extra motivation to accumulate a better portfolio without making excuses. But it might not be applicable for those that don't receive 100% support from parents.

[ginsan]

Most definitely...
Everyone is meant to be in total control of their emergency fund, and the emergency fund should at all time be accessible to the owner at all time.  Allowing your parents to take care of your emergency fund simply means giving them the control over it. In Addition,  your parents could have their own emergencies too, and they'll definitely use the funds to sort them out, so what if your emergency occurs right after your parents just finish using the emergency funds to sort out their own emergency?  That would only mean 1 thing, and that's you dipping your hand into your bitcoin portfolio to sort out your emergency hence messing up your financial plans and foundation.

So it's very important to have your own personal emergency funds, even if you have the liberty of getting help from your parents whenever you need it. Instead, I think it'll be a much preferable idea if your parents gives you the money at a specific interval and you on the other hand puts it in your emergency fund under your custody,  that way, your parents are indirectly helping you taking care of your emergency fund, by also providing you with financial support.  This way you're sure that the emergency fund is accessible to you at all time.

Emergency funds, Reserve Funds of course must be controlled by ourselves. We invest with our own money that we earn from the work we do and we are the ones who manage our finances, not other people or our parents.

However, if they are still students, it is quite natural for their finances to still be controlled by their parents. But we are already married and have a wife, so we are the ones who manage everything about finances. Whether it is in the investments we make, of course we control everything in the expenses and savings that are made.

There are several concepts in investing in Bitcoin that we might be able to think about before we do it.

1. Have a sufficient income so that we can set aside a few percent to invest in Bitcoin.

2. Have a good stance, meaning that we manage our finances well without any pressure from your parents or siblings.

3. In investing in Bitcoin, you can be anonymous or not tell anyone other than your wife or children.

4. Manage your cash flow, be it reserve funds, emergency funds, or regular funds that you are ready to use anytime you need them.

 5. If you apply investment for the long term then patience is very much needed. Do not be reckless and never be emotional with any decision you make.

[Obim34]

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

Yes, absolutely. A lot of emphasis has been made regarding this topic thread which has incurred a lot of knowledge on investors to make choices when deciding to invest and how to keep up there investment plans but all discussed are just options that are laid to part every investor to a successful investment. Meanwhile, discussions/ideas made (shared) are supposed to be well filtered before implementing, every investor are entitled to how they view and would want to manage their investment, yet said it is aswell beneficial to pay more attention to interesting ideas discussed and perfect into our investment process.

Whether to DCA or DIP, I find both convenient (in midst DCA best) because I get to understand that investment strategies can be compiled not basically doing one and leaving the other, first is being able to understand when and how to implement them before doing so.

[Tmoonz]

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

This part of your post has been addressed by jayjuanGee in one of his posts in other thread of which I found meaning to it about the idea of the DCA strategy not to be only subjected to the same amount, that what determines your DCA amount is your cash flow and your expenses, considering the fact there are times when our expenses makes difference either in weeks or months, one must be able to tailor down his or her DCA amount according to the cash flow and the expenses, the dca strategy is more simplify and shouldn't be seen as a burden of compulsorily meeting up a particular amount all the time.

[reefsea]

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

A good pattern, not a chart pattern but the pattern you say. Hitting the buy button is the best among many strategies available today.
Investors will be successful in accumulating lots of bitcoins because they are diligent in hitting the buy button.

Bitcoin investment is the best compared to shitcoin. I am not sure how much has been lost by buying shitcoin. They should be aware of themselves to buy Bitcoin today.

[Wind_FURY]

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

Yes, absolutely. A lot of emphasis has been made regarding this topic thread which has incurred a lot of knowledge on investors to make choices when deciding to invest and how to keep up there investment plans but all discussed are just options that are laid to part every investor to a successful investment. Meanwhile, discussions/ideas made (shared) are supposed to be well filtered before implementing, every investor are entitled to how they view and would want to manage their investment, yet said it is aswell beneficial to pay more attention to interesting ideas discussed and perfect into our investment process.

Whether to DCA or DIP, I find both convenient (in midst DCA best) because I get to understand that investment strategies can be compiled not basically doing one and leaving the other, first is being able to understand when and how to implement them before doing so.

Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

A good pattern, not a chart pattern but the pattern you say. Hitting the buy button is the best among many strategies available today.
Investors will be successful in accumulating lots of bitcoins because they are diligent in hitting the buy button.

Bitcoin investment is the best compared to shitcoin. I am not sure how much has been lost by buying shitcoin. They should be aware of themselves to buy Bitcoin today.

I'm VERY confident that most of those cryptocurrencies that are not Bitcoin will simply die and/or become irrelevant after two or three decades. That's also how long your time-preference be for your Bitcoin investments in my personal opinion.

[Promocodeudo]

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.
You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest, what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

It is funny that till this moment poeple that have been part of this investment do not understand how it works, what's I their to examine when we already know that our target for this investment is the future, we should stop examining anything because there are things that may deter us from investing if we continue doing that, instead of those antics of procrastination which self delay why not apply the mindset of buying the little you can afford at a constant pace or rate without obstruction and keep hodling for a long-term to avoid being left out in the future.

[sotelorene]

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

This part of your post has been addressed by jayjuanGee in one of his posts in other thread of which I found meaning to it about the idea of the DCA strategy not to be only subjected to the same amount, that what determines your DCA amount is your cash flow and your expenses, considering the fact there are times when our expenses makes difference either in weeks or months, one must be able to tailor down his or her DCA amount according to the cash flow and the expenses, the dca strategy is more simplify and shouldn't be seen as a burden of compulsorily meeting up a particular amount all the time.

I think you misunderstood what I was trying to say. I didn't say that someone cash flow can not affect their investment, DCA method to be precise because sometimes one's cash flow may not be stable and sometimes it can be stable and even exceed what they actually use to earn in a week, month etc as the case maybe and these can affect our investment pattern ( either reducing what we use to invest or increasing what we use to invest) so don't get me wrong. What I was saying is, examining the market doesn't make one good investor after all we are not traders so examining isn't necessary and I was also saying that the decrease or increase of Bitcoin price doesn't affect our investment provided we are using the DCA method.

[Wind_FURY]

Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.

You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest,

But there WAS a perfect time to invest in Bitcoin. That was during the bear market when the price dropped near/under the 200-Weekly SMA. Because people miss it doesn't actually mean that it doesn't exist.

 ¯\_(ツ)_/¯

That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.

what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.

[2Pizza410000BTC]

To my fellow plebs.

Buy the DIP or DCA, more aggressive or less aggressive - we can debate and argue these things in the topic. BUT when it comes to actually doing an investment plan/strategy - that's up to you. You press the buttons/press the enter key, not the people in the topic, YOU.

There are larger/richer asset managers who are currently accumulating Bitcoin today than during 2020.

I prefer to consistently do DCA rather than buy DIP this has been a long term strategy plan in DCA accumulation, more convenient of course I still have fiat to own and get a better price.
This strategy should be maintained and I also see many interesting arguments here, although there is no conclusion on myself yet I still maintain the DCA strategy.
It has been more than 2 years with the DCA strategy and the results are quite good after looking at the portfolio and will certainly continue to be maintained.

DIP is not possible for everyone is because there are many investors who can't wait till DIP market is developed for them it is best to use DCA method only for them not to use DCA method for everyone. But I had invested Bitcoin from DIP market long ago and wanted to continue the DCA method as a result of which my investment was seen to be very successful.  I still continue to invest using the DCA method in my investments. I was out of work on bitcoin forum for quite a while and was not able to earn but I had a physical source of income from which I continued to invest using the DCA method with some money. I have always thought that if I can buy bitcoins and invest using the DCA method than keeping money in my bank, I will get many times more returns than keeping my money in the bank. Moreover, almost everyone knows about my situation in Bangladesh, it is not safe to keep money in the bank from this country, that's why I always keep money in Bitcoin instead of keeping money in the bank, which is why I am constantly continuing the DCA method. I hope that the way I am going is the best way to go.

[JayJuanGee]

[edited out]

Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.

Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy, and part of the reason that DCA is better than buying on dips, especially for newbies, no coiners and low coiners, is because they need to buy BTC in order to prepare for up.  Once they have some BTC, then they might have more luxury to wait around for dips, since once they have BTC then at least they are somewhat prepared for up rather than not being prepared or being insufficiently prepared and having to panic merely because their dumbass personality did not cause them to do the right thing for themselves, which is to buy some BTC in order that they would be prepared for up.

[edited out]

I'm VERY confident that most of those cryptocurrencies that are not Bitcoin will simply die and/or become irrelevant after two or three decades. That's also how long your time-preference be for your Bitcoin investments in my personal opinion.

I am all for considering long investment timelines, but let's attempt to be realistic and practical.  Some folks don't have a 2-3 decade investment timeline.

Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.

You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest,

But there WAS a perfect time to invest in Bitcoin. That was during the bear market when the price dropped near/under the 200-Weekly SMA. Because people miss it doesn't actually mean that it doesn't exist.
 ¯\_(ツ)_/¯

It is almost irrelevant what you are saying since we cannot turn the clock back.  Either you invested or you did not invest. Remember October 2023, you were waiting for bitcoin prices to go down and telling everyone about the dip down to lower $20ks that thought was coming, and at that time the BTC price was already below the 200-WMA, yet you were telling people to wait for more dip, that did not end up happening, and the opposite ended up happening.. which was going from $27k to $74k in a matter of 4-ish months.  How did that waiting for the "perfect" time work out when you had not even known that you were already in a good enough time?

That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.

what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.

If you are holding back money and not investing, then you may well be led to FOMO more easily than someone who is already investing (through DCA) on a regular consistent and persistent basis.

[Wind_FURY]

[edited out]

Personally, I believe that you should do what's best for your own personality and where you are most comfortable. Some people like to buy the DIP to take advantage of discounts during bear markets or during large crashes, some like DCA. There are also some people who like both. It's about YOU and your personality.

Yeah but who gives any ratt's asses about you and your personality if you don't have any BTC, then you should not be fucking around using waiting as your investing strategy,

But you may have missed the point, ser. Because those people who would be more comfortable in buying the DIP would have already bought the DIP. Plus it's not about what you believe is what's "perfect" for each and every individual. The point also is for each and every individual to choose and know which investment strategy fits their own personality because each and every one of us are different, no?

¯\_(ツ)_/¯

[$crypto$]

That simple "line" holds historical significance in Bitcoin, although "some people" may disagree.

what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

I believe you're applying the wrong attitude towards choosing a DCA strategy. A DCA investor accepts the condition that he/she can't predict the market, and therefore purchases an asset in a fixed amount/in regular intervals. Telling yourself, "what if the price of Bitcoin keep soaring", will merely lead you to FOMO.

If you are holding back money and not investing, then you may well be led to FOMO more easily than someone who is already investing (through DCA) on a regular consistent and persistent basis.

What's the point of holding money without investing? Maybe because it's waiting for an uncertain downturn? Obviously this will be easier to get FOMO when bitcoin has soared and he doesn't invest but just holds it while other people who are successful with consistent DCA continue to experience the profits he does all the time with his DCA then those who hold money will FOMO and buy bitcoin prices at high prices, it is not wrong to buy any bitcoin price as long as the long-term is 10 years, but we know people who are FOMO will usually feel easy to panic again when prices fall.

Unlike an investor whose DCA strategy will remain consistent under any circumstances.

[laijsica]

The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.

when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin

Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

This part of your post has been addressed by jayjuanGee in one of his posts in other thread of which I found meaning to it about the idea of the DCA strategy not to be only subjected to the same amount, that what determines your DCA amount is your cash flow and your expenses, considering the fact there are times when our expenses makes difference either in weeks or months, one must be able to tailor down his or her DCA amount according to the cash flow and the expenses, the dca strategy is more simplify and shouldn't be seen as a burden of compulsorily meeting up a particular amount all the time.

In fact the cash flow should be consistent as if you keep doing DCA and increase the flow level on the other hand it will give you extra level to invest. I mean if one starts depositing bitcoins through DCA method he has to gradually increase the level of cash fund and if the amount of floating cash fund is enough to meet his family's daily expenses for 3-6 months then he can increase the level of depositing bitcoin. Later if his cash fund continues to grow and is enough to cover household expenses for 1-2 years then he can run aggressive DCA or aggressive lump sum Bitcoin buying as per market conditions to further accelerate his holding growth. With the DCA method you should have more cash flow to reduce the tendency to accumulate particular levels and increase the amount of Bitcoin deposits.