Buy the DIP, and HODL!

[Promocodeudo]

The first thing to pay attention to when holding bitcoins is to prepare yourself mentally. BUY DIP AND HOLD by properly researching when bitcoin price is going down and when the price is going up. I think society and the environment still have a lot of skepticism about Bitcoin, which maybe puts us in a cycle when it comes to investing in Bitcoin. In fact, we are still in the early stages of discussing Bitcoin, which makes us skeptical about Holding Bitcoin. We need to gain step by step knowledge about Bitcoin and long term BTC investing strategy.

Buddy if you are really interested in Bitcoin as a newbie, what you actually need is the basic knowledge and before this I think you shoul have been prepared mantally and financially any other stuff can be learned when you kick start your bitcoin journey fully, i must advise that you should invest with DCA method because it enables you to constantly buy with what you can afford slowly and consistently without any form of interruption and hodl for a long-term which should be your main target as a bitcoiner.

I don't agree that intending or existing investors should keep bothering themselves with what the price says, this could lead an investor to lose confidence in the said investment which may cause lack of motivation to invest in Bitcoin, despite how doubful the society has been with Bitcoin which I think is normal for people that has not been part of a particular investment shoul feel, I still believe that there are ndividuals that understands the authenticity and value accompanied with Bitcoin investment, even though you are still in the early stage of Bitcoin discussion as you said, you shouldn't be skeptical about Bitcoin investment rather it should be a matter of concern to you why many people will be in a forum like this having a discussion about bitcoin investment and other aspects of Bitcoin if not for its long-term benefits.

In conclusion the step by step knowledge newbies or intending investors should be seeking for about Bitcoin Investment and Bitcoin long-term investment strategy is the basic knowledge which I have said earlier and the basic knowledge includes how to buy your Bitcoin, the wallet to use in storing and hodling your Bitcoin for the long-term and  continue acuamulating the little you can gradually, steadily and continuously until you reach your level of satisfaction, any other things you want to learn should be when you are fully involved in the system anything that is not inline  with the aforementioned will be regarded as procrastination.

[JayJuanGee]

You seem to be talking about trading rather than sustainable withdrawal.. So I was suggesting that once a large enough stash is established then 10% per year could be withdrawn in perpetuity as long as the BTC spot price is staying at least 25% above the 200-WMA and the 200-WMA is being used as the valuation of the BTC stash based on bottom prices rather than based on top prices.  Perhaps my discussion of this is too complicated for my to be stating it and members seem to be misinterpreting what I am saying.

I never like to think positively about short term bitcoin trading because it's pretty clear to me that the real profits are hidden in the long term accumulation of bitcoins. I may have spent some time to be able to understand what you mean.It is certainly logical that Bitcoin can be withdrawn if the spot price is above 25% if an investor has a decent sized holding. As per your advice I think it must be a sustained withdrawal trend as well as regular bitcoin accumulation so a logical suggestion to fill that void is to continue buying the DCA method uninterrupted.

If you are a long term bitcoin investor, then think about that first, and think about how much BTC you need to accumulate in terms of your various goals in life and considering your 9 individual factors.  For many folks it takes 30-40 years to really build up an investment, and sure it could be possible that if you are already investing, then you are going to build up your bitcoin holdings faster, and so maybe you might want to try to get several years worth of your expenses into BTC before you might start to feel comfortable about the size of your bitcoin holdings.

If you have an income of between $1.8k and $3.2k per month with an average of $2,500, and your expenses are between $1,500 and $2,200 with an average of $1,800, then on average you have $700 left over that you can invest into bitcoin, so even if you were investing the whole $700 into bitcoin, it is going to take you nearly 3 years to invest an amount that would cover 1 year of your expenses, and surely most people down even have that high of a percentage of disposable income, and I would not even recommend investing all of your disposable income, since you might need some of your disposable income to cover your miscalculation in your expenses, or to cover or build up your various reserve funds, and so there are reasons to not invest all of your discretionary income into bitcoin, even though surely it is within the range of anyone.   When I mentioned the ability to withdraw up to 10% of your bitcoin holdings and to still have it profitable as long as it is  25% above the 200-WMA, I am not talking about you being 25% in profits, and  I presume that you are way more in profits, yet whatever you can do what you like if you think that being 25% in profits is any kind of meaningful thing.. when it seems like peanuts.  There are guys who are 20x or 30x or more in profits, and they are not really thinking about their level of their profits when they get to a stage of considering withdrawing their BTC.. and another thing is that maybe we are getting way too far off of the topic of this thread, since this thread is more about accumulating BTC rather than talking about maintenance and/or withdraw...and you seem way the fuck too early in your BTC accumulation journey to be considering withdraw or trading or whatever you seem to be considering to be selling with 25% profits, when that is just retardedly low levels of profits.

When I refer to the 200 WMA, that is referring to BTC bottom prices and potential ways to assess the value of your BTC holdings, even though surely people are selling BTC at spot price, yet they can valuate their BTC holdings by considering bottom prices, which is what the 200-WMA represents, and right now BTC spot prices is about 50% higher than the 200-WMA   The reason that I suggest that you can employ your sustainable withdrawal when the BTC price is at least 25% above the 200-WMA, then at least you are not at or near bottom BTC prices, so I would think it would be better to modify any of your selling to be less if the BTC price is less than 25% above the 200-WMA... and you should not even be thinking about selling any BTC anyhow unless you have spent at least a whole cycle accumulating or if you had front loaded your BTC investment, and again which gets us back to establishing a sizeable bitcoin holdings first prior to employing something like sustainable withdrawal... in traditional investments, usually the withdrawal rate is 4% annualized, which means that you need to have 20 to 30 years of your income/expenses in your investment portfolio to start to withdraw in a sustainable way and presuming that your investment portfolio is invested in ways that you are able to earn more than 4% on average and to be able to withdraw from it... so with bitcoin, I am presuming that once you reach your accumulation targets of around 10 years or more, then you should be able to withdraw 10% per year in a sustainable way to produce the same income as you would be able to in a traditional investment, but you still likely would have to monitor your withdrawal rates if you are potentially dipping into your principle which also becomes dangerous if you are withdrawing at full rates and the BTC price is less than 25% higher than the 200-WMA.

But I think if he has the stamina to do it for a longer period of time from regular DCA deposits, he should continue to deposit for a cycle or two or more without withdrawal.

I surely am suggesting to attempt to reach a state of over-accumulation before beginning a time-based sustainable withdraw approach.

Of course! An investor should build a rational holding in his long term Bitcoin journey where he will simultaneously accumulate Bitcoins in the DCA strategy and take advantage of a maximum 25% withdrawal from excess savings if the spot price is higher than the average purchase price.

You seem to be quite mixed up in your expression of your ideas here.  DCA strategy is a way to build up your BTC holdings that is within reach of a lot of people who might not be able to lump sum invest, and it also allows ongoing investment into bitcoin rather than waiting for BTC price dips.  We surely have to get through our BTC accumulation stages prior to talking about withdrawal, and so I think that it becomes overly confusing to be talking about withdrawal strategies prior to making sure that we have reach sufficient and/or overaccumulation first, and many times, folks might go through a bit of transition phase when they are no longer really accumulating more BTC prior to getting into any kind of a withdrawal stage, since it does not make a lot of sense to spend years building up a bitcoin holdings and then to feel some kind of need to go straight into selling it.. and including that if you had been investing DCA, then your earlier DCA purchases would potentially be reaching their 4-10 year or longer timeline sooner than any of your last BTC purchases, so if you are long term investing into bitcoin rather than trading, then you should not be anxious to sell any BTC that you might have had just bought and so in that regard, your last DCA purchases might still have to wait 4-10 years or longer to start to consider whether or not to start to withdraw them.. which is also assuming that your withdraw starts once you reach a kind of overaccumulation goal, which of course, you create your own goals, even if you end up doing dumb things, no one is going to save you if you devolve into trading ideas and practices rather than an investment approach to your BTC.

[Justbillywitt]

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

The truth is any person that's taking loan to invest in Bitcoin shows that the person is not in for the long term. The person is basically in for the short term profit and is looking for every little opportunity to make little money by trading off the Bitcoin holding. Because the moment there is a little bullish tend and he see little profit, he/she will sell off the Bitcoin holding to repay the loan. Such people shouldn't be seen or considered as an investor. Because the approach adopted in the first place is not that of an investor but that of traders, because only traders will have that kind of mentality. And these set of people will never listen to what other people will tell them. That's why I don't give a fuck about them when they run into trouble eventually.

[livingfree]

Exactly.

Investments aren't mostly for short term although if you're in a jackpot and your investment pumped a lot in a short period, that's for you to decide.

But in the case of Bitcoin, this is better for long term holds.

Is there anything like jackpot on Bitcoin investment? Because I have not actually heard of it before, do you mind explaining it? Or is it when the Bitcoin price moves very higher as you are holding it that's why is considered to be jackpot?

We're not the only one that invests here, there were those that have been holding for years and no doubt that they're in a jackpot and have profited a lot to the value of the Bitcoins that they're holding.

And yes, it's about when the price has increased higher and from the bought price you've made for Bitcoin, you can consider that for yourself as a jackpot when you've profit from it.

Well is the investors decision on what they intend for there investment because anybody who has made up there mind to invest on Bitcoin is not supposed to get too much attached with getting or wining a jackpot because there is a huge difference from a short term profit and long term profit because is obvious Long term will always supersede the short term.

Both are good as long as they're profit but many of us here prefer the long term because we've seen results, greater results.

[Tauja]

Switching to trading practice is certainly a pretty bad idea for those who have reached the middle of the bitcoin accumulation journey. Confidence must be there to prevent that mistake especially the confidence to continue accumulating bitcoin with DCA practice without having to cash it out.
A good idea is to continue accumulating like a routine that has been passed every week.

A good criterion to strengthen us to continue to hold is certainly not to open the exchange at all times. Because often monitoring price movements will change our minds.

[Moreno233]

A good criterion to strengthen us to continue to hold is certainly not to open the exchange at all times. Because often monitoring price movements will change our minds.

The means of storing your Bitcoin is one of the most important aspect of the Bitcoin accumulation process because any mistake in the storage will make all your efforts wasted. Holding Bitcoin in an exchange is a very bad practice because if anything happens to the exchange, your Bitcoin will be gone. Don't forget so fast how many people have lost money to hacks and some funny practices that those centralized exchanges do. Don't forget MtGox, FTX, Bitforex, and recently Indodex exchange hacks and how people lost fortune. This is why using exchange for holding Bitcoin is like gambling with your wealth because you do not own the private keys. The best option will be to use hardware wallet or any wallet you control the private keys like Electrum.

[terrific]

Just buy whenever you want to. It's true that buying the DIP isn't only for the traders but it is for everyone, literally all of us.
And if you're not that much carried away by buying the DIP, then it only means that you're not pressured at all.
This should be what investing is, we're free to do it whenever we want and no pressures at all because you know how long the market will stand for.

it's only on an exceptional case and mostly applicable for some individuals that already  have a good chunk of Bitcoin that we can understand that they know what they are doing by trying to buy the dip if not, most of the people that tries buying the DIP ends up trading or gambling with thier investment. As a starter or someone that's likely at his first two to three years of Bitcoin accumilation and that can't buy much Bitcoin at a single time, it should never be a serious consideration that you want to buy at a DIP price. It might look a bit rewarding that you were able to buy at the time Bitcoin was $50k and then afterwards it went up to $60k. Though looking at it without doing an actual analysis of it might seems that you've made a good decision but when you critically look at it, What it will do to you is that you're going to make yourself believe that you should wait till the price goes down to that extent before you should buy so you wouldn't be at a disadvantage buying above a range of price you've tagged as a DIP price subconsciously. It's only going to slow down your accumilation routine while you're trying to wait for the best time to buy while if you look at it real good, the difference between buying at these prices we've seen so far if your DCA amount isn't much doesn't really matter.

Even though some people might still misunderstand the buying approach of microstrategy to mean that he's Buying at the dip, what's likely the case is that he's buying when he has the resource to doing so and isn't paying much attention to the prices. If big and well extablished investors like that will still DCA consistently for the long term, it shows that trying to time the market for a DIP prics before buying even when we don't even have enough resource to buy with is an absolute waste of time.

That's why, buying whenever you are able to is the best thing. You buy the dip that you believe is the dip.
Because if someone who has done that and are looking for any validation from elsewhere, thinking that he/she hasn't bought the dip.
It is when the doubt starts and might discourage one from buying more. DCA, buy when you are ready and comfortable at all.
No pressures, no hassles, do what you have to do.

[Taskford]

A good criterion to strengthen us to continue to hold is certainly not to open the exchange at all times. Because often monitoring price movements will change our minds.

The means of storing your Bitcoin is one of the most important aspect of the Bitcoin accumulation process because any mistake in the storage will make all your efforts wasted. Holding Bitcoin in an exchange is a very bad practice because if anything happens to the exchange, your Bitcoin will be gone. Don't forget so fast how many people have lost money to hacks and some funny practices that those centralized exchanges do. Don't forget MtGox, FTX, Bitforex, and recently Indodex exchange hacks and how people lost fortune. This is why using exchange for holding Bitcoin is like gambling with your wealth because you do not own the private keys. The best option will be to use hardware wallet or any wallet you control the private keys like Electrum.

They are exposing their selves on more higher risk if they let their balances stay on exchange since there's huge risk to lose their money since those platforms is vulnerable for attacks or scamming by its own owners. So to avoid losing money from unwanted incident grabbing secured wallets which they have full control is a must. People need to remember that Not your keys, not your coins so they doubt to trust third party platforms when dealing their funds.

So everything to go smooth a good wallet should be acquired or used so that there's no other bothering feeling will disturb them and they can stay on their lane focus on their accumulation without thinking other stressful events which is not necessary to get. Being in control is somehow make you successful that's  why always choose the best and don't get lazy in terms of security since this is more important especially that we are for long term investment with bitcoin.

[Dailyscript]

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

The truth is any person that's taking loan to invest in Bitcoin shows that the person is not in for the long term. The person is basically in for the short term profit and is looking for every little opportunity to make little money by trading off the Bitcoin holding. Because the moment there is a little bullish tend and he see little profit, he/she will sell off the Bitcoin holding to repay the loan. Such people shouldn't be seen or considered as an investor. Because the approach adopted in the first place is not that of an investor but that of traders, because only traders will have that kind of mentality. And these set of people will never listen to what other people will tell them. That's why I don't give a fuck about them when they run into trouble eventually.

Those who take loans are hoping that the price is going to rise and when they get profit they repay the loan. It's such a bad idea to me. Do they ever consider that they can take a loan and buy Bitcoin at $65k and the price reduced to $50k? If it is 10% interest in a year the price might take over 6 months going to one year returning to the buying talk more of making profits.

My solid advice to investors is to get out of debt. Invest with what you have. Its better to have X amount of Bitcoin without debt, than having an X + Y amount of Bitcoin with debt. It may turn out to be X - Y which means there won't be any profit at all if it he doesn't get the profit within the loan timeframe. Such investors will end up paying the interest plus the capital without any profits.

[PonderingCuriosity]

Those who take loans are hoping that the price is going to rise and when they get profit they repay the loan. It's such a bad idea to me. Do they ever consider that they can take a loan and buy Bitcoin at $65k and the price reduced to $50k? If it is 10% interest in a year the price might take over 6 months going to one year returning to the buying talk more of making profits.

Yes!
I remember some thread on 4chan from late 2017 the OP of which claimed that his brother sold his house to buy bitcoin and when the price plummeted, he committed suicide. Never invest the money you owe.

[Falconer]

-snip-

Buddy if you are really interested in Bitcoin as a newbie, what you actually need is the basic knowledge and before this I think you shoul have been prepared mantally and financially any other stuff can be learned when you kick start your bitcoin journey fully, i must advise that you should invest with DCA method because it enables you to constantly buy with what you can afford slowly and consistently without any form of interruption and hodl for a long-term which should be your main target as a bitcoiner.

Mental and financial aside, I think a beginner who is interested in investing in bitcoin must have a proper investment plan. They must have a goal for investing and a time frame that they want, this is intended to get the best approach to their investment. All investment plans must also be adjusted to the budget they have without ignoring the need for a reserve budget, this is important so that they do not destroy their investment plans midway.

A basic understanding of what they are investing in is clearly important and they should have learned that before they decided to invest. It makes absolutely no sense to invest in what you don't know, so they should already know what bitcoin is and how to buy and withdraw and store it.

I don't agree that intending or existing investors should keep bothering themselves with what the price says, this could lead an investor to lose confidence in the said investment which may cause lack of motivation to invest in Bitcoin, despite how doubful the society has been with Bitcoin which I think is normal for people that has not been part of a particular investment shoul feel, I still believe that there are ndividuals that understands the authenticity and value accompanied with Bitcoin investment, even though you are still in the early stage of Bitcoin discussion as you said, you shouldn't be skeptical about Bitcoin investment rather it should be a matter of concern to you why many people will be in a forum like this having a discussion about bitcoin investment and other aspects of Bitcoin if not for its long-term benefits.

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so. You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have. It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

[Justbillywitt]

I don't agree that intending or existing investors should keep bothering themselves with what the price says, this could lead an investor to lose confidence in the said investment which may cause lack of motivation to invest in Bitcoin, despite how doubful the society has been with Bitcoin which I think is normal for people that has not been part of a particular investment shoul feel, I still believe that there are ndividuals that understands the authenticity and value accompanied with Bitcoin investment, even though you are still in the early stage of Bitcoin discussion as you said, you shouldn't be skeptical about Bitcoin investment rather it should be a matter of concern to you why many people will be in a forum like this having a discussion about bitcoin investment and other aspects of Bitcoin if not for its long-term benefits.

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so. You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have.

Bitcoin is designed in such a way that you can buy as little or as much as your financial strength can get you. If your financial strength is $10 to $100 you can buy with that amount since I believe that you are utilising the DCA method to invest in Bitcoin and I also believe that you are investing for the long term. How low do you think that Bitcoin can go, that your $100 can get you enough Bitcoin stash that will be enough for you? What happens if you keep timing the market and your expected price level don't materialised, does it mean that you won't make the investment? That's why investors are encouraged to invest according to their financial strength, and not to time the market . And have long term mentality is encouraged.

It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

Yes Individuals are always encouraged to do their own research when necessary or when you feel that someone advice could be misleading. But there are some certain cases that even with your own researches, you will still not get it the right and at that point you will need to listen to someone that's more knowledgeable than you. when you're doing the wrong thing and someone that's more knowledgeable talked to you about doing things with the right approach that will be more efficient and productive, would you still remain in your ignorance and do things your way? You can only neglect people's advice, when proven beyond reasonable doubts that they are telling you to do the wrong thing. That's the more reason why places like this exist so we can improve our knowledge and approach of doing things which ordinarily we don't know.

[Shadiq]

Switching to trading practice is certainly a pretty bad idea for those who have reached the middle of the bitcoin accumulation journey. Confidence must be there to prevent that mistake especially the confidence to continue accumulating bitcoin with DCA practice without having to cash it out.
A good idea is to continue accumulating like a routine that has been passed every week.

A good criterion to strengthen us to continue to hold is certainly not to open the exchange at all times. Because often monitoring price movements will change our minds.

Trading is not a good choice for any type of people. Especially for a long-term investor, entering the trade is not advisable at all. Trades are high risk and people are lured here most of the time, considering these factors I think trades are enough to destroy an investor's investment. The trade will not only destroy the investment but also expose you to huge losses. I personally do not support trade and I am very afraid of trade. Because here I feel more likely to lose than gain. Although risk is reduced by gaining knowledge about the trade, trading is still riskier than investing. More profit can be gained from trading but the risk of losing here is more. Long-term investing is just the opposite. Although the amount of profit is less, the chance of losing is very less. So I think an investor should not enter the trade at all. A trader can opt out of trades and enter into investments, but he must enter into investments with the intention of going long-term. When a trader becomes an investor, it becomes easier for him to invest, because a trader's risk-taking capacity is high and the resulting market dump will not panic him. He will enjoy this period by learning the methods of investment.

[Tungbulu]

You seem to be quite mixed up in your expression of your ideas here.  DCA strategy is a way to build up your BTC holdings that is within reach of a lot of people who might not be able to lump sum invest, and it also allows ongoing investment into bitcoin rather than waiting for BTC price dips.  We surely have to get through our BTC accumulation stages prior to talking about withdrawal, and so I think that it becomes overly confusing to be talking about withdrawal strategies prior to making sure that we have reach sufficient and/or overaccumulation first, and many times, folks might go through a bit of transition phase when they are no longer really accumulating more BTC prior to getting into any kind of a withdrawal stage, since it does not make a lot of sense to spend years building up a bitcoin holdings and then to feel some kind of need to go straight into selling it.. and including that if you had been investing DCA, then your earlier DCA purchases would potentially be reaching their 4-10 year or longer timeline sooner than any of your last BTC purchases, so if you are long term investing into bitcoin rather than trading, then you should not be anxious to sell any BTC that you might have had just bought and so in that regard, your last DCA purchases might still have to wait 4-10 years or longer to start to consider whether or not to start to withdraw them.. which is also assuming that your withdraw starts once you reach a kind of overaccumulation goal, which of course, you create your own goals, even if you end up doing dumb things, no one is going to save you if you devolve into trading ideas and practices rather than an investment approach to your BTC.

You’re absolutely right. Thinking or talking about withdrawing or selling your Bitcoin when your accumulation hasn’t reached a fuck you status is more of a trader’s mindset rather than an investor’s. Investors should prioritize consistent buying using the DCA strategy and probably when they’ve achieved the fuck you status or a state of over accumulation, then they may consider selling when there’s need to.

Investors focuses more on the long term trajectory of Bitcoin, the stability of their portfolio and how best to accumulate more Bitcoin in the long run, while Traders on the other hand focuses more on short term benefits of the investment. Investors are known for their adoption of the DCA strategy which encourages them to consistently buy and accumulate more Bitcoin without considering the short term fluctuations in the market, while aiming for the fuck you status which is a great milestone for investors, and achieving this status come with so many benefits, which involves

1. Freedom all kinds of financial stress or pressure.
2. ⁠Having financial security and a solid backup.
3. ⁠Having the ability to make certain choices without feeling any sort of financial hold backs.

And until investors has achieved this status and has access to these benefits and privileges, it’s essential to prioritize consistent buying via the DCA strategy or whatever strategy that works for you, try as much as possible to avoid any kind of emotional decisions, always have the long term perspective at all times and also focusing more on wealth accumulation rather than selling for profits.
And When you’ve noticed that you’ve met your financial goals and your portfolio is in an over accumulated state, then you can consider selling or rebalancing your portfolio

[EarnOnVictor]

smart investors will only make Bitcoin their main investment, and when they need money, they will use the Bitcoin they have as collateral in a lending platform, they are very smart because they realize that there are only 21 million Bitcoins and the amount cannot be increased or decreased.

No, no, no! Anyone using his bitcoin investment as a collateral is no worth regarding as smart because it makes no sense using your bitcoin to take loan on fiat. This is why we are advised to while planning on investing for a long time we also have a reliable income source if possible a stream's of income in order to avoid finding yourself in a messy situation where you would have to make such unwise decision because it's like telling an investor to stake his bitcoin for an altcoin.

How the discussion moved from buying bitcoin for long term holding to loan is what baffles me. The discussion have completely shifted to a new ground that is more or less a distraction. Why would someone doing DCA, for instance, consider taking a loan? The mere though of it simply means that the investor does not really have the cashflow needed to sustain a bitcoin investment for long term so investing in bitcoin may not be the best decision for him but to fix the cashflow. To succeed in bitcoin investment, there should be plans for emergency fund which will serves to keep the investment going when there is some development that requires money which was not seen or planned for in beginning. Without emergency funds, the investment is continuously exposed to risk. Taking a long is never in any of the process of healthy bitcoin investment.

The truth is any person that's taking loan to invest in Bitcoin shows that the person is not in for the long term. The person is basically in for the short term profit and is looking for every little opportunity to make little money by trading off the Bitcoin holding. Because the moment there is a little bullish tend and he see little profit, he/she will sell off the Bitcoin holding to repay the loan. Such people shouldn't be seen or considered as an investor.

Hahaha...so you are telling me that if I analysed the market and decided to outsmart it by investing in just a month (or even less) after carefully anticipating what would happen, I am not an investor? You are joking, I guess the ugly teachings here and other similar threads are now confusing many of you.

First, you should know that investment could be short, medium or long-term, it's part of the long-term investment plan that you HODL. Mind you, HODLing is optional, it's by choice and it doesn't make you any better investor. What makes you a better investor is what you earn from your investment and the consistency of the earnings.

While you are busy downgrading the person who invested his money and liquidated it in a short space of time and continues to repeat the process when the opportunity presents itself, they would have made multiples of what you who are HODLing make in a year. But what I don't like is collecting loans to invest, we should invest only the amount we can afford to lose, not the one that will mount pressure on us.

[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.

How would you presume that I missed whatever point you were attempting to make without much clarity in regards to what kind of person you are talking about, and your further attempts at clarifying are also not very helpful because they are vague and they still seem to emphasize vague and even seemingly dumb strategies that involve waiting for the dip.

There are a lot of ways that people can start out in bitcoin and surely their particulars circumstances will make differences, including if they had already been buying BTC, whether they bought bitcoin on the dip or they bought bitcoin at some other time.

I think part of the justification for not to be changing the name of the thread is that you cannot get "buying the dip" out of your head as if it were subliminally a preferred way of establishing a stake in bitcoin, and surely I have no problem with buying dips or incorporating buying the dip into some of the BTC accumulation strategies, especially if buying dips does not end up involving way more waiting for dips (which is not a great strategy) rather than actually buying BTC on a regular basis (which is likely a better strategy for most people).. so surely part of the dilemma that anyone has is to figure out the extent to which he is going to be content if the BTC price ends up going up rather than going down, and if the BTC price ends up going up, has he come to a comfortable point in his BTC stacking journey that he is not regretting for not having had bought more at the lower prices, and so if someone is sitting around and allowing fiat to stack up because he is waiting for a dip, then he likely is not employing good BTC accumulation practices, financially or psychologically... even if you want to suggest vague notions that people can do whatever  they want, and most people when left to do whatever they want, end up not doing anything.. .which ends up damaging them in the end, even if they were doing what they wanted to do.  So investment in bitcoin is likely more of an active an proactive kind of behavior rather than a waiting around strategy, even if you seem to continue to enjoy to promote your buying on the dip waiting strategy.

No one made a "justification" on whether an individual should buy the DIP, or DCA, or both. Or whether an investment strategy is better than another investment strategy. Simply, merely choose the path that makes YOU comfortable in your investments.

Would that be a mistake?

¯\_(ツ)_/¯

Yes.  Your ongoing mistake is you continue to fail/refuse to be specific.  You are almost always describing some fantasy in which it might be nice to maintain some dry powder for buying BTC dips, since you are claiming that kind of a waiting for dips strategy to be more advantageous for guys who are poor, blah blah blah.  

There's a place and advantage for both Buy the DIP, and DCA. It depends on the person's personality and in which strategy he/she is most comfortable. It might be utilizing both for some individuals. Plus there's also the current situation of where the market is in. Because the bear market is over, and the Golden Opportunity of buying the DIP under the 200-Weekly SMA is gone, people will now need to DCA in regular intervals.

BUT if they want to mix in some Buy the DIP during market mini-crashes under some price-point, then why not? Buying more units of Bitcoin during DIP periods is definitely not a mistake, no?

[Marvelockg]

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so. You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have. It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

with a financial strength that can only work with $10 to $100 at Everytime you're to buy Bitcoin, thinking about the price or monitoring the price for the best spot that's most convenience before buying wouldn't help you buy at a seemingly best price. You might be lucky that for some instance, you might buy at a lower price but even at that, because of how small the amount you're using per buy his, it will only give you a slight difference in the price you've bought Bitcoin but in terms of looking for what point you will buy enough Bitcoin, it will take a very longer time

This is what I mean, if we assume that you had $100 you've decided that you're going to use in buying Bitcoin but then, at the time the money is available Bitcoin went up to $66k. Because you feel that Bitcoin can still dip further to $46k, you might get tempted to keep waiting till Bitcoin goes down to somewhere close to that. While you're still waiting, you might end up staying for a very long period of time because we know that we can't be too sure if Bitcoin will DIP further in the next moment or go up the more. Chances are that in the process of waiting, you might not be up touching a portion of the money if care isn't tajen. On the other hand, If you ignored the price and just buy at the time you have the money, you've saved yourself from unnecessary monitoring of the price and can now focuse on getting more money you can use in your next buy.

It's not as though it's totally out of place to look at Bitcoin price, and if we're able to, we can buy at a DIP price which will be to our advantage. The only issue is when you allow it deter you from buying as at when you ought to buy all because you want to be at a small profit.

[Zackz5000]

Switching to trading practice is certainly a pretty bad idea for those who have reached the middle of the bitcoin accumulation journey. Confidence must be there to prevent that mistake especially the confidence to continue accumulating bitcoin with DCA practice without having to cash it out.
A good idea is to continue accumulating like a routine that has been passed every week.

A good criterion to strengthen us to continue to hold is certainly not to open the exchange at all times. Because often monitoring price movements will change our minds.

Trading is not a good choice for any type of people. Especially for a long-term investor, entering the trade is not advisable at all. Trades are high risk and people are lured here most of the time, considering these factors I think trades are enough to destroy an investor's investment. The trade will not only destroy the investment but also expose you to huge losses. I personally do not support trade and I am very afraid of trade. Because here I feel more likely to lose than gain. Although risk is reduced by gaining knowledge about the trade, trading is still riskier than investing. More profit can be gained from trading but the risk of losing here is more. Long-term investing is just the opposite. Although the amount of profit is less, the chance of losing is very less. So I think an investor should not enter the trade at all. A trader can opt out of trades and enter into investments, but he must enter into investments with the intention of going long-term. When a trader becomes an investor, it becomes easier for him to invest, because a trader's risk-taking capacity is high and the resulting market dump will not panic him. He will enjoy this period by learning the methods of investment.

I don't believe that trading in Bitcoin will be more profitable than investing and hodling for a long time and it wrong to say that investors who's aim and objective is to accumulate Bitcoin and HODL for long gets less profit.

As an investor your major concern shouldn't centralize on profit making at the moment but how you can be able to accumulate more Bitcoin for long.

People that trade in Bitcoin believes or think they get more profit compare to investor who accumulate Bitcoin and hodl but to me what they get is pinnut compare to what HODLers received, and making more profit in Bitcoin investment depends on how much amount of Bitcoin an investor was able to accumulate and hodl for a longer period of time. Bitcoin investment is not a get rich quick scheme.

[synchronym]

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so. You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have. It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

We have to think about the price that's why when we invest in anything we must first think about how much capital he wants to invest and we have to invest carefully. Many times it is seen that we invest in a hurry without thinking about the capital, due to which we suffer a lot in investment, so before investing, we must think about how many dollars we want to invest and how much capital we will get through this investment. We have to confirm that. When we invest, we invest to earn a substantial amount of profit from the investment, so we have to invest in such a way that we get a substantial amount of financial gain from the investment, and the success of our investment makes others interested in investing as well. Due to our big decision many times we suffer a lot in investment so due to our right decision we must check the market and invest with a long term plan.

[Tmoonz]

There is nothing wrong with thinking about prices because basically the market has different cycles. Prices fluctuate all the time and investors need to know when is the best time to do so. You can't completely ignore the price when your financial strength is only $10 to $100, meaning the lower you buy, the more bitcoin you have. It is not always right to follow other people's advice, of course because you have to do your own research with a good strategic approach.

We have to think about the price that's why when we invest in anything we must first think about how much capital he wants to invest and we have to invest carefully. Many times it is seen that we invest in a hurry without thinking about the capital, due to which we suffer a lot in investment, so before investing, we must think about how many dollars we want to invest and how much capital we will get through this investment. We have to confirm that. When we invest, we invest to earn a substantial amount of profit from the investment, so we have to invest in such a way that we get a substantial amount of financial gain from the investment, and the success of our investment makes others interested in investing as well. Due to our big decision many times we suffer a lot in investment so due to our right decision we must check the market and invest with a long term plan.

I just want to bring to your notice that you have mis quote another user, please you can check very well to avoid further mistakes in subsequent times.

Secondly, Bitcoin investment shouldn't be seen as a burden where you can be considering much about capital, invest only with an amount that you can be comfortable with conveniently without seeing it as a stress, that is one of the reasons why the DCA strategy dominates our discussion because it allows investors to gradually grow or increase their Bitcoin size as little as possibly they can be over period of time.