Buy the DIP, and HODL!

[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.

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.

apart from the fact that he quoted the wrong person, it seems that he has misunderstood the meaning of Thinking about the Bitcoin price as used in the context of the quote he is referring to.

The person he's quoting is suggesting that it's best to be concerned about the price that one is buying his Bitcoin as it's a way of buying at a cheaper rate which is same as timing the market before eventually buying. He on the other hand is looking at it from the angle of doing proper planning and ensuring that we're investing with the right amount. Those are two different things and As we continue in our discussion, it's best we try to understand the angle the next person is coming from and come into the discussion with a balanced understanding so our point don't go off as one that doesn't relate well with the line of thought we've established here.

[JayJuanGee]

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.

Surely one of the best, if not the best, of teachers is experience, so each of us should be taking the advice of others with a grain of salt, and not presuming them to be able to determine what is best for us, yet at the same time, sometimes many of us can become stubborn and end up doing something that ends up screwing up, and sometimes we will repeat similar screw-ups before we finally learn our lesson, and so surely a forum like this allows us to explore our ideas, and figure out the extent to which other forum members address our issues, yet so many times, I find that most of the more difficult problems (and dilemmas), I have to figure out my own balancing of the trade-offs.... and surely sometimes other members are helping me indirectly when they might explain some of their thinking process or how they went about resolving one of their dilemmas..

Let's say that a member suggests that you should figure out your cashflow and expenses for the next 6 months and attempt to figure out your discretionary income for each pay period, and then when you are starting out to start to invest with less than 50% of your discretionary income in case you make some mistakes, yet you believe that the recommendation is too conservative so not ONLY do you not project out your cash flow, you also ballparkedly estimate an investment rate of around 80% of your discretionary income, and maybe that sloppiness ends up working out, yet it could blow up in your face in a major way in which you end up having to sell some of your bitcoin or take some other emergency measures, or it might just blow up in a smaller way in which you have to move funds around and sweat a bit for around a month or so to make sure that your income is higher than your expenses for the period until your next paycheck.  Sometimes the learnings sink in much more when a guy goes through some scenarios in which he is able to recognize mistakes that he actually made and reasons that he might want to avoid making those kinds of mistakes in the future.

So sometimes we can say to another member:  "you dummy!!!  Why didn't you listen to other members", and surely sometimes the member is ONLY able to absorb so much of the information about what to do or how to do it without plugging the information into their own practices, and they might not even be able to see the exact fit of the information until they had gone through some kind of a similar situation in order to figure out why certain practices can end up saving them but increasing the odds of profiting in financial and psychological ways... including that sometimes the result of profits (or being in a better position) are not apparent for quite a long time later, maybe even years and years later... so in that sense, sometimes the first several years in bitcoin, there might be a lot of work that needs to be done to both build strong cashflow management practices and to also build up a bitcoin portfolio holdings (that might not always be in profits), but then years and years down the road there can be recognition that the earliest times of preparation ended up paying off quite significantly in order to establish good systems, put them into practice and maybe even sometimes being able to see how some of the earlier purchases ended up with really high appreciation rates and added to the overall stack of BTC...

....such as I remember sometimes being a bit worried that some of my earliest bitcoin purchases in 2015 were not really going to add up to much, yet at around that time, I had put a system into practice so that if I had any kind of extra cashflow that came to me, whether $20, $50 or $100, then I would divide that amount in half in order to buy bitcoin with half of it right away (or within a day), and then put the other half into my cashflow reserves, which likely was going to be needed for various extra expenses within that month or the next month.  So at that time, bitcoin prices were mostly in the mid-$200s, so if I ended up buying $25 worth of bitcoin, that would mean that I got right around 0.1BTC, which seemed so small, but still a continued stacking process through that whole year in which my cashflow was fairly tight based on some then business related issues that I was having, and it did not help matters financially or psychologically that BTC prices were down, too... not until much later, there was a realization that the low BTC prices were just a temporary (even though seeming long term) phenomena.

[edited out]

..... Buying more units of Bitcoin during DIP periods is definitely not a mistake, no?

It is a mistake if the BTC price does not end up dipping, and they had been holding too much cash waiting for such a dip that did not end up happening.

Sure there are guys who wished that they had more to buy during dips, yet a balance still needs to be struck in regards to continuing to stack bitcoin and not getting too caught up upon the price, especially for newbies who likely are still in their earlier of stages of stacking bitcoin and still need to build up their BTC stack to prepare for up. 

Repeatedly, I describe that an overwhelming majority of the world (including folks who already own some bitcoin) are overly prepared for down and insufficiently prepared for UP, so each person needs to assess his level of preparedness for up in order to assure that he is sufficiently prepared for UP, and he ONLY has himself to blame if he is sitting on too much cash and overly preparing for downs that may not end up happening.

[edited out]

.......
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.

Frequently newbies get overly obsessed about the extent to which they are in profits or not, especially in their first years of investing, which frequently causes them to do dumb things like overly waiting for dips that might not happen and sometimes selling too much too soon because they become too worried about either locking in profits or trying to buy back more at cheaper prices that might not end up happening within the timeline that they expect such cheaper prices to happen.

Ongoing BTC accumulation is likely a much better practice that also puts the BTC accumulator into a much better and more consistent mindset too.. yeah, it might not always be short term profitable to remain focused on ongoing BTC accumulation, yet I doubt there are very many traders who are going to be able to show better BTC portfolio as compared with the buyer accumulator, especially once we might get into  longer timeframes such as 1-2 whole cycles... and yeah traders frequently think that they are so smart in the shorter time frames, yet selling too much BTC too soon has a pretty fucking large costs as compared with the HODLer who did not sell, even though such traders are likely still showing dollar profits.. but they tend to be way smaller than the longer term BTC HODLer.. and we have so many of those examples in BTC's history.. even a recent example of so many traders selling large chunks (if not all) of their BTC in the lower to mid $30ks in the October/November 2023 timeline and maybe they bought back in, yet I have my doubts about their outperforming the buyers/accumulators/hodlers.

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.

Surely investors need to consider position size when they get started, and whether they invest with lump sum or DCA, they may still need to monitor position size, yet at the same time, they can still figure out their position size, and not become overly concerned about the extent to which their investment is profitable, especially in the first whole cycle, and also they might get distracted or deterred from investing in something like bitcoin if they are overly concerned about whether they are profits or not, especially if they come to bitcoin and they already know that it is likely to be extremely volatile in either direction in the short term, which could cause their investment to not be in profits during much of the earliest years, and surely if they are not comfortable with the level of volatility, the level of uncertainty or their desires to make sure that they are in profits in shorter timelines, then either they should adjust their position size until they are comfortable or perhaps get out of the investment (or don't even get into bitcoin) if they cannot figure out a position size level that allows them to NOT be overly obsessed with their BTC investment being in profits in relatively short timelines such as in less than a whole cycle.

[DubemIfedigbo001]

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.

I don't hesitate to laugh uncontrollably at the foolishness of anybody that makes that statement. It's just trying to prove that simple interest is better than compound interest over a longer period of time.  It's very funny that people are so narrow minded to reality.

Besides the financial benefits of investing in Bitcoin, it gives us some good living benefits like the freedom to focus on other careers of choice and make money for yourself without having to be responsible for your investments profitability, removal of emotional stress of having portfolio reduction or total funds loss when you enter a bad trade and  having to go through the long process of learning trading and losing a fortune to it.

Generally, investing in Bitcoin is much easier than trading and more profitable too. Historic data celebrates people who have made fortunes from investing in Bitcoin and rarely have I seen someone celebrated for amasing a large fortune from trading.

[sotelorene]

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.

You are actually correct I mean that's what most people practice or do nowadays but then again, what if there expectations is or are been cut short I mean after loaning to buy Bitcoin hoping to see a bullish movement or market but unfortunate becomes the case what will happen to them. Most people will never learn in this life that's for sure and doing this simply means one don't know how Bitcoin works and i also see it as an unwise act the fact that Bitcoin is one of the best asset so far, with good potential doesn't me we should go about it in the wrong way. I believe there's always a best way to go about everything and for Bitcoin I think the best way to go about it is to invest and hold for long term no matter the amount you are using to...

[Litzki1990]

apart from the fact that he quoted the wrong person, it seems that he has misunderstood the meaning of Thinking about the Bitcoin price as used in the context of the quote he is referring to.

The person he's quoting is suggesting that it's best to be concerned about the price that one is buying his Bitcoin as it's a way of buying at a cheaper rate which is same as timing the market before eventually buying. He on the other hand is looking at it from the angle of doing proper planning and ensuring that we're investing with the right amount. Those are two different things and As we continue in our discussion, it's best we try to understand the angle the next person is coming from and come into the discussion with a balanced understanding so our point don't go off as one that doesn't relate well with the line of thought we've established here.

From investment experience, it is very important to set goals and plan properly before investing. You have money you can invest anytime but if you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing. No matter which workplace we go to, I am not allowed to do that work, but I have to take training for that work first.  
After training, when the organization or certain organization feels that they can do this work by me, they allow us to do that work. Who should we take investment so seriously? I learned about investment, I should do regular market observation for a few days before investing.  

After regular observation of the market one should try to invest with some amount of money but it is a very small amount of money this is practical application.  
If the investor feels that he can invest properly and can accept all the temporary loss or risk then he can step to the next step of investment later he can start the main investment.

You are actually correct I mean that's what most people practice or do nowadays but then again, what if there expectations is or are been cut short I mean after loaning to buy Bitcoin hoping to see a bullish movement or market but unfortunate becomes the case what will happen to them. Most people will never learn in this life that's for sure and doing this simply means one don't know how Bitcoin works and i also see it as an unwise act the fact that Bitcoin is one of the best asset so far, with good potential doesn't me we should go about it in the wrong way. I believe there's always a best way to go about everything and for Bitcoin I think the best way to go about it is to invest and hold for long term no matter the amount you are using to...

Buying bitcoins on credit has never seemed acceptable to me as employing bitcoins. So far I have always told the people I have advised on investing that there is no problem in investing but be careful not to let it become a problem for you. Set aside an amount of money that if you don't have, it won't affect your life too badly. No matter how close you take the loan, since money is involved, you can definitely face a lot of problems in paying back this money in the future. It may also happen that after you invest your investment is at a temporary loss at that time you are pressured for money but you are forced to sell your investment and then repay the loan. So everything should be planned well in advance, if you start investing 6 months or a year late then no one will stop you but if a due date of loan repayment is delayed then the person who gave you the loan will not talk to you.

[Lidger]

Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.

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.

We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term. It is difficult for many but the simpler we take it the easier it is for us to do it. Since investment is our personal matter, no one outside will interfere with the amount of money we have invested here, so we can make long-term investment plans if we want.

[Ricardo11]

Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.

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.

We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term. It is difficult for many but the simpler we take it the easier it is for us to do it. Since investment is our personal matter, no one outside will interfere with the amount of money we have invested here, so we can make long-term investment plans if we want.

When it comes to investing in Bitcoin, it is very important to maintain regular investment consistency. Investing small portions regularly over long term eventually turns into a big asset, besides increasing our investment portfolio in long-term holdings due to Bitcoin's high potential, it gives us a lot of profit.

But this requires long-term planning, and financial stability is essential because we have to maintain it regularly. A certain amount should be kept invested in DCA on a regular weekly or monthly basis. In this way, it will become a habit of ours to invest regularly, as a result, the investment pressure will be reduced and you will be able to continue investing for a long time, and continue holding.

So a new investor must make a proper long term investment plan before investing. And by continuing to invest in Bitcoin and continue to hold for a long time by running DCA, an investor will definitely benefit in the long term.

[asarfiar]

Actually it is difficult for us to decide the right time to invest in Bitcoin, but we have to read and research a lot about it. Many people think about Bitcoin or navigate that it might crash to the bottom of the ocean never to rise again. But a review of Bitcoin's various histories reveals that since its inception, Bitcoin prices have acted like a cycle in the world of cryptocurrencies, which is currently a tumultuous chapter. Choose the right time and start buying and increase the stock in long term and worry less about short term price.

I think deep buying is not a long-term investment strategy, it is a form of short-term market manipulation, although it can be profitable if executed correctly, but it is very important to distinguish between short-term strategic action and well-thought. -Out investment plan. Deep buying can be profitable but it also has risks, you diversify your portfolio and you allocate the ability to lose it.

As the price field can be said to be skyrocketing as time goes by, take a closer look to see where the price is now. I therefore buy within my means and those who do not yet buy will only criticize and regret.

[cryptoWODL]

When it comes to investing in Bitcoin, it is very important to maintain regular investment consistency. Investing small portions regularly over long term eventually turns into a big asset, besides increasing our investment portfolio in long-term holdings due to Bitcoin's high potential, it gives us a lot of profit.

But this requires long-term planning, and financial stability is essential because we have to maintain it regularly. A certain amount should be kept invested in DCA on a regular weekly or monthly basis. In this way, it will become a habit of ours to invest regularly, as a result, the investment pressure will be reduced and you will be able to continue investing for a long time, and continue holding.

The first and foremost way to be consistent in investing in Bitcoin is to have a specific investment plan and set reserve funds. Whenever investors have enough funds to invest, they will be able to continue their investments smoothly without any hindrance. If we are financially stable in terms of investment then we can buy Bitcoin whenever we want in any amount. If are talking about stress free investment then you need financial stability first because when we see bitcoin price going down in the market we get doubt and stress in our mind. So to get rid of this stress or uncertainty we need extra money so that when the market goes down we can use that money to buy bitcoins for stress free investment.

[Ricardo11]

When it comes to investing in Bitcoin, it is very important to maintain regular investment consistency. Investing small portions regularly over long term eventually turns into a big asset, besides increasing our investment portfolio in long-term holdings due to Bitcoin's high potential, it gives us a lot of profit.

But this requires long-term planning, and financial stability is essential because we have to maintain it regularly. A certain amount should be kept invested in DCA on a regular weekly or monthly basis. In this way, it will become a habit of ours to invest regularly, as a result, the investment pressure will be reduced and you will be able to continue investing for a long time, and continue holding.

The first and foremost way to be consistent in investing in Bitcoin is to have a specific investment plan and set reserve funds. Whenever investors have enough funds to invest, they will be able to continue their investments smoothly without any hindrance. If we are financially stable in terms of investment then we can buy Bitcoin whenever we want in any amount. If are talking about stress free investment then you need financial stability first because when we see bitcoin price going down in the market we get doubt and stress in our mind. So to get rid of this stress or uncertainty we need extra money so that when the market goes down we can use that money to buy bitcoins for stress free investment.

Yes of course, having a reserve fund is very important for investment consistency.

What are the uses of having reserve fund?

Firstly Having an emergency fund allows us to continue investing risk-free, Because we can handle any emergency situation with that cash stashed fund.

Secondly when the market goes down too much. At that moment we should buy as much as possible. so we can temporarily invest the emergency money in bitcoins so that we can buy more at low prices while buying bitcoins (Not every time, it only when the price of Bitcoin will dumping a lot.) and then put the emergency money back again as soon as possible.

That means we can use that emergency fund both for investing when the price of Bitcoin is low and also for emergencies.

As a result we were able to buy a good amount of bitcoins when the price of bitcoins was low and Later, by re-depositing that emergency money, you can continue to DCA again on a regular basis. As a result, our profit margins will also be higher, and we can safely continue holding DCA for a longer period without risk.

[Wind_FURY]

[edited out]

..... Buying more units of Bitcoin during DIP periods is definitely not a mistake, no?

It is a mistake if the BTC price does not end up dipping,

 

I'm not asking you whether Bitcoin will DIP or not. I'm asking if it's a mistake to look buy Bitcoin during DIP periods. Because it's obviously not a mistake to take advantage of opportunities for discounts and buy more units of Bitcoin for the same amount of investment.

But I agree to the fact that the current market is mainly for DCA. The Golden Opportunity to buy the DIP for the current cycle was when Bitcoin went below the 200-Weekly SMA. We were encouraging everyone who read this topic to take the opportunity and buy.

[Justbillywitt]

I think deep buying is not a long-term investment strategy, it is a form of short-term market manipulation, although it can be profitable if executed correctly, but it is very important to distinguish between short-term strategic action and well-thought. -Out investment plan.

Actually long term investors can also utilise the dip buying strategy. But what is important is for them to back it up by continuous buying in the form of DCA either weekly or monthly while waiting for their maturity date. It will be more beneficial to the investor that he is making use of both DCA and dip strategies rather than just sticking to buying the dip alone

Deep buying can be profitable but it also has risks, you diversify your portfolio and you allocate the ability to lose it.

By portfolio diversification are you suggesting that the investor should invest in landed properties? Or shit coins? Well for me the best advice I will give is that if an investor gotten enough Bitcoin in his portfolio and is confident that the Bitcoin he has accumulated over the years will be enough for him and his future generations then he can diversify by storing up cash reserves. I won't encourage such an investor to go and invest in any shit coins in the name of diversification. It is better to have Bitcoin and enough cash reserves than investing in any thing that will cause you troubles and sleepless nights. After all Bitcoin has been the most performing asset over the last decade. I rather keep my investment in Bitcoin where I will have rest of mind than investing in several stuffs I don't really understand.

[laijsica]

Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.

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.

We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term. It is difficult for many but the simpler we take it the easier it is for us to do it. Since investment is our personal matter, no one outside will interfere with the amount of money we have invested here, so we can make long-term investment plans if we want.

Essentially we can set aside floating cash and bitcoin deposits from discretionary income to make long-term bitcoin investment decisions and we should always focus on our strengths. Some investors make impulsive investment decisions but they need to strategize themselves by following a sustainable holding pattern on their long-term basis. Although low-income investors need to burn more time to get a decent portfolio, if they have patience and accumulate bitcoins at regular intervals, it is a Time can be greatly improved even if it requires more than two cycles. Build a backup fund to save yourself from unwanted stress while running Bitcoin deposits and keep cash floating around to make every decision smooth in meeting your family's daily needs. As you accumulate a holding over time your financial strength will continue to grow as well as peace of mind.

When it comes to investing in Bitcoin, it is very important to maintain regular investment consistency. Investing small portions regularly over long term eventually turns into a big asset, besides increasing our investment portfolio in long-term holdings due to Bitcoin's high potential, it gives us a lot of profit.

But this requires long-term planning, and financial stability is essential because we have to maintain it regularly. A certain amount should be kept invested in DCA on a regular weekly or monthly basis. In this way, it will become a habit of ours to invest regularly, as a result, the investment pressure will be reduced and you will be able to continue investing for a long time, and continue holding.

The first and foremost way to be consistent in investing in Bitcoin is to have a specific investment plan and set reserve funds. Whenever investors have enough funds to invest, they will be able to continue their investments smoothly without any hindrance. If we are financially stable in terms of investment then we can buy Bitcoin whenever we want in any amount. If are talking about stress free investment then you need financial stability first because when we see bitcoin price going down in the market we get doubt and stress in our mind. So to get rid of this stress or uncertainty we need extra money so that when the market goes down we can use that money to buy bitcoins for stress free investment.

You should have made your point more clear to the novice investors who may not have a lot of money in hand when it comes to investing in Bitcoin but they want to get Bitcoin and tend to hold it for the long term. I think investors should continue to deposit a portion of their discretionary income weekly or monthly in case they may not have enough money and should create a backup fund to protect the investment in case of future long term DCA. It is important to keep yourself stress free while depositing bitcoins regularly and tend to focus on alternative income in real life while also combining the necessary ingredients to deposit bitcoins for the long term. If an investor expects higher profits from Bitcoin in the short term, he should change his expectations and try to hold long term holdings.

[Ruttoshi]

If you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing

Bitcoin investment is not like other investment that you need to have a good knowledge on before you can start investing because you will be wasting the time that you are suppose use to be accumulating bitcoin and building your bitcoin portfolio. A new investor who wants to start his bitcoin investment only needs to know about the basic knowledge of bitcoin and after that he is to figure out how much from his discretionary income that he will use to buy bitcoin without stressing himself so that he can keep his regular DCA ongoing for 4-10 years and above.

The new investor can be investing and learning more about bitcoin at the same time whike he keeps on growing and building his bitcoin investment. If you want to have good knowledge it is when you are investing that you are learning more because there are some aspect of bitcoin that you can only learn through experience and not theory. Like hodli in a long-term because that messes up with your emotions and you will learn how to control your emotions only when you are investing and have bitcoin in your possession.

Discipline and consistent mindset to be your bitcoin investment ongoing is through practice.

I learned about investment, I should do regular market observation for a few days before investing.  

There is no need for a new investor to observe the market for somedays or weeks before getting started because he might miss out the opportunity in the market for delaying to buy bitcoin right away. What if during the time that you are observing the market the price of bitcoin keeps increasing, and you think that is how the price will keep increasing and you bought. You have missed out buying at a cheaper price immediately. What if after you bought and the price started dipping, and went below your expectations.

There is no need for all of time because it is impossible for anyone to know the exact direction with bitcoin price will move to and observing the market cannot give you any idea of the price movement of bitcoin and that's why you should start buying bitcoin immediately you have the money since you are on a long term ride and you know that bitcoin is volatile so the price shouldn't be your concern but your concern should be to keep your bitcoin accumulation journey ongoing persistently overtime and learn whatever you want to learn because bitcoin investment is all about buying which does not take up to 20 minutes.

[Frankolala]

Actually it is difficult for us to decide the right time to invest in Bitcoin, but we have to read and research a lot about it

The right time to invest in bitcoin is now because bitcoin price waits for no one likewise time. Waiting is the dumbest thing any new investor will think of, reading and making a lot of research about when to buy bitcoin is a waste of time and a sign that you are not prepared or ready to start your bitcoin investment.

Secondly when the market goes down too much. At that moment we should buy as much as possible. so we can temporarily invest the emergency money in bitcoins so that we can buy more at low prices while buying bitcoins (Not every time, it only when the price of Bitcoin will dumping a lot.) and then put the emergency money back again as soon as possible.

This is a wrong practice and a way to demolish your bitcoin investment by selling it when it if not of your own will because you neglect the important and necessity of emergency funds at all time when you are investing in bitcoin.

Emergency funds is not funds that you can use to buy bitcoin when the price dips because it shows that you are gambling and over buying aggressively which will later burn you. This is because you don't know when an emergency will arise and if you use your emergency funds to buy bitcoin at the dip because it's cheap and the next day a real emergency arises like the roof of your house gets pulled of by storm or you lost your job, what will you fall back to. You will sell your bitcoin investment and go back to square one.

Emergency funds should never be tampered and that is why it is good to have a reserve funds available and an emergency funds. So that when there's a dip, you can use your reserve funds to buy at the dip because you are prepared for it. If your DCA is ongoing and you don't have a reserve funds, there's no need to worry about buying more bitcoin because your ongoing DCA will still make you benefit from the dip.

That means we can use that emergency fund both for investing when the price of Bitcoin is low and also for emergencies.

No, you cannot and it is a wrong mindset.

[EarnOnVictor]

Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.

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.

We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term.

Beautiful! This sounds like a good investment plan, though it's more savings inclined but it's worth it especially if one cannot afford big money for the investment at once. You are also one of the few who didn't call out DCA like most people do here, it's not the only investment plan as they make it look and there are factors to choosing it which doesn't include this one because the money is randomly saved into Bitcoin unlike those who already have a certain plan for it. Still, I like you to consider the price at which you save the little money in Bitcoin, prices could be disadvantageous at times, which is why it's good you wait till the price is favourable even if you'd invested some part earlier. Investing at peak levels will never be a good strike.

[letteredhub]

If you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing

Bitcoin investment is not like other investment that you need to have a good knowledge on before you can start investing because you will be wasting the time that you are suppose use to be accumulating bitcoin and building your bitcoin portfolio.

In every investment start-up you need to have some good knowledge about it before starting including bitcoin too so that you don't invest in the wrong way, it's the lack of the required knowledge that makes new investors take loan to invest in bitcoin thinking that they are doing it right. Bitcoin investment may not be same with other investments and that's the more reason a newbie investor should abreast himself with the knowledge about what differentiates it from other form of investments.
How we start is very important for a long term investment, consistency and patience is very key also but some newbie investors lack the knowledge of this very principle thereby investing all they have to their name putting themselves in pressure because from the very beginning they never knew the importance of having an emergency funds available against the uncertainty of the future. So it's really no waste of time acquiring bitcoin investment knowledge before going in because it helps you have a right investment attitude in planning ahead of time.

[Obim34]

If you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing

Bitcoin investment is not like other investment that you need to have a good knowledge on before you can start investing because you will be wasting the time that you are suppose use to be accumulating bitcoin and building your bitcoin portfolio. A new investor who wants to start his bitcoin investment only needs to know about the basic knowledge of bitcoin and after that he is to figure out how much from his discretionary income that he will use to buy bitcoin without stressing himself so that he can keep his regular DCA ongoing for 4-10 years and above.

Don't you as well think having that basic knowledge about Bitcoin before involvement is quite a good start up for a beginner? I once might have saw from this perspective but in a more relatable sense it is better off knowing as little as the basic aspect of Bitcoin which involves the process of purchasing and holding Bitcoin in a more safer space. Up till now some people are still being attacked and scammed off their portfolio on the sense of maybe starting up their investment process before learning about Bitcoin.

We might come to an agreement that it is likely more better learning about Bitcoin and avoiding further attacks instead of kicking on investing then get to experience something tragic, either by hack or whatever way possible, for someone who does not know how to protect their holdings will likely hold their investment in an exchange which is an easy option for scammers, also the exchange can as well be hacked and customers assets be stolen.

Skills as mentioned by @Litzki1990 is what is not necessarily required, Bitcoin involvement does not require those advanced knowledge before start up, anyone joining should just stick their very interest into the basic aspect and focus on accumulating, whatever skill in need of can be acquired in the long run.

[MainIbem]

If you don't have good knowledge about investment or if you don't have skill in this matter but you can't be very successful in investing

Bitcoin investment is not like other investment that you need to have a good knowledge on before you can start investing because you will be wasting the time that you are suppose use to be accumulating bitcoin and building your bitcoin portfolio.

In every investment start-up you need to have some good knowledge about it before starting including bitcoin too so that you don't invest in the wrong way, it's the lack of the required knowledge that makes new investors take loan to invest in bitcoin thinking that they are doing it right. Bitcoin investment may not be same with other investments and that's the more reason a newbie investor should abreast himself with the knowledge about what differentiates it from other form of investments.
How we start is very important for a long term investment, consistency and patience is very key also but some newbie investors lack the knowledge of this very principle thereby investing all they have to their name putting themselves in pressure because from the very beginning they never knew the importance of having an emergency funds available against the uncertainty of the future. So it's really no waste of time acquiring bitcoin investment knowledge before going in because it helps you have a right investment attitude in planning ahead of time.

Exactly mate, every investment needs an understanding about it before even doing it, the impression that one mustn't have good knowledge about Bitcoin before investing on it is wrong cause if the investor doesn't know much about Bitcoin, how would they know how or where to buy Bitcoin from, how would the investor know where to save and which is the best place to save Bitcoin, how would the investor even know which strategy is best for accumulating Bitcoin? All those questions are what the person who made that statement should've put into consideration before saying that. Infact before you go into anything that involves money or finance you must have a good knowledge about it so you'll be able to do it properly, for instance if JayJuanGee didn't have good knowledge about Bitcoin investment, how would he have been able to teach people about it and how to go about it the right way but from his post, you'll understand that he's an experienced investor and someone with a deep knowledge about Bitcoin and how to invest and accumulate it over time, that's why you won't see him advising people to go into trading or other risky ways of accumulating Bitcoin, therefore an investor must be very knowledgeable about Bitcoin before investing on it. Saying it a waste of time is misleading cause the investor would be wasting their time when they invest wrongly and end up losing what they're trying to accumulate.

[Mayor of ogba]

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.

I think so too, slowly many investors will realize how stupid they are to choose shitcoin in their portfolio. It won't take long for shitcoin to die because they won't have any idea to attract us into them.

I think bitcoin is number 1 to be used as an investment for old age, bitcoin will be adopted by many countries in the next 10 years. Fiat will disappear and bitcoin will dominate it. For beginners, don't be afraid to invest in bitcoin because bitcoin is the best choice compared to other assets.

Bitcoin has been proven to be the only asset that is resistant to inflation even though its price fluctuates, this makes Bitcoin validated as the best safe haven, as far as I have heard, 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.

You are wrong; smart investors will never use their bitcoin as collateral to take a loan to solve their emergency problems because they know how risky it is to keep bitcoin in the hands of third parties, which is one of the problems bitcoin has solved. Smart investors will invest in bitcoin with the money they will not need for a long time and also keep their emergency funds, reserve funds, and float, so if there's any emergency, they will depend on their emergency funds to solve it, and they will not depend on their bitcoin investment to solve the emergency. Since bitcoin total supply is only 21 million bitcoins, that makes it easier for you to lose your bitcoin when you use it as collateral to take a loan. What will be your fate if you fail to meet your loan repayment time? You will lose your precious bitcoin cheaply, which is a bad practice for any smart investor. No matter how shitty your income source could be, always make available emergency funds, reserve funds, and float so that anytime you find yourself in difficult situations, you can easily use one of the funds you kept to sort out your life and continue accumulating bitcoin.