Buy the DIP, and HODL!

[Natalim]

Don't be too desperate, if you make a mistake in your first investment, then you can fix it, my advice is to forget your past and focus on investing in bitcoin the right way.

Definitely, there’s no mistake that can’t be corrected, and Bitcoin still has room to grow, even though we’re no longer early investors. Just ignore the market volatility (pump and dump), and instead, focus on the long-term goal. The best thing to do is HODL. This strategy is simple, and that misspelled word carries a deeper meaning for crypto enthusiasts.

If we make a mistake once, that's fine. But repeating the same mistakes shows a lack of trust in Bitcoin’s future success. It’s already successful now, but we’re aiming for massive success that benefits long-term holders.

Just imagine if we’re holding now, starting to invest today, and if John McAfee’s prediction of Bitcoin reaching $1 million comes true, that’s around a 16x return on our investment. Sure, there might be short-term hits because the market is unpredictable, but when the market turns bullish, prices can soar. That’s why the meme “to the moon” became popular-Bitcoin has taken us there many times before. So, don’t miss the next ride and keep HODLing, because Bitcoin’s future looks really, really good!

[Wind_FURY]

Davido?



Those sorts of "coins" are causing the opposite of onboarding people in crypto. If a normie's first experience in "crypto" is buying and losing his capital in "Davido", then I'm very confident that that person will never return and start generalizing everything in crypto as a scam. That's actually going to hurt the cryptocurrency that's built to make real social change - Bitcoin.

I saw when that shitcoin DAVIDO was trending in X and I new that a bunch of gullible were about to get burnt. It was not long before the the news turned against those who thought they were making a wise decision by buying the trend and they started counting their losses. Rumors even have it that the found deliberated cheated his fans by dumping on them at the peak of the hype, typical of every shitcoins where founders always leave the gullible with bag of shit after collecting their money.
 
This is a good reminder that Bitcoin is the reliable asset to invest in for the sake of peace of mind because no one can dump Bitcoin beyond recovery like they do in shitcoins. I'm glad I now know better so I cannot fall for shitcoins anymore as I'm carefully building my Bitcoin portfolio.

How much was Bitcoin during that time, and how much would an average pleb would have gained if he/she merely invested all of that in Bitcoin, and HODLed? It might not be the sort of profit gained that he/she imagined with Davido, but he/she would still be HODLIng his/her capital in the best cryptocurrency in the world - Bitcoin. Plus he/she still would be owning it decades from now.

Invest your precious, limited capital only into Bitcoin my fellow plebs.

[Salahmu]

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long?

I don't no how you are seeing it that makes you think that Bitcoin has made people to become lazy, actually for me I see nothing like being lazy in Bitcoin investment and besides nobody would just invest a certain amount of money and decided to leave in other for it to appreciate in the future without the provision of persistent accumulation, so actually long term holders are are not supposed to be regarded as a lazy investors because there long term goals will always keep them steady on there accumulation of Bitcoin because that's the only way for them to be able to achieve the amount of Bitcoin stash they targeted in the future.

Whether the Bitcoin price drop more further below your accumulated point it shouldn't be an issue or setback to our investment because the major concerned shouldn't be on the profit you are supposed to be having but instead how to continue increasing our portfolio should be the main focus because expecting a profits on the early stage as you are implying is just like asking an employer to pay your monthly salary when you have not fully been employed.

I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition.

DCA is not a strategy of trading so I wonder why you would want someone to consult your trading chart before doing there normal DCA it actually sound somehow to me or are you mistaken DCA strategy for a trading pattern? Actually DCA strategy is not dependent to any form of market price or anything before accumulating so there is no need of consulting any chart before someone can starts accumulating.

[Litzki1990]

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

An investor can generally invest in DCA in any way.  Someone may be investing a certain amount of money every day, some investors are investing weekly, and some investors are investing monthly, that is, all investors get the opportunity to customize this investment strategy and invest according to their own wishes. By investing in this way, the investor will always feel the investment is stress-free and will create an incentive in his mind for this investment. When we take any work as fun then we will not make any mistake in that work and we will be able to finish that work. So personally I think among all strategies DCA investment method is the most effective investment strategy for long term investment.

[EarnOnVictor]

The statement of the the DCA method being overhyped might seem surprising but it's not surprising to me cause I see it as a prove to a statement I made earlier that not everyone understands the concept of Bitcoin investment. The question I've got for EarnOnVictor is that, how is the DCA method overhyped? I wonder why he'll say a method that gives every class of investors the opportunity to invest periodically overtime is overhyped.

You reasonably asked this excellent question, but if you have been reading my posts about this, it has always been answered here many times. Regardless, it is overhyped by many people here because they believe it will always work without considering the condition of the asset itself, how senseless is that? The asset (Bitcoin in this case) and its price are "supreme" here, and its nature/behaviour must be the number one priority/factor to consider and not the DCA strategy for it to work best.

Fine, the DCA approach is good, no one is disputing that, it averages the risks and gains but telling me to apply it blindly as JayJuanGee and many others are preaching is gross to me. Quote me anywhere, there are situations where the DCA approach will fail you for years and other investment approaches will help you out unless you wait (patience), this is why investors should not be static like many of them preach. You can wonder those who believed in the DCA approach buying Bitcoin at $68,000 in 2021 with no regard for the asset condition/chart/behaviour at that time, tell me, 3 years after, are they still in profits? No, what investment plan is that? This is practical!

All I preach against is not for people to use the DCA, but before using it, try to learn the prevailing market conditions to be careful and avoid tying your money somewhere unprofitably. These guys are only following what they read and watch online, some of them are only lucky one way or another thinking they know investing, but they don't. I wonder how someone would want to DCA with disregard to other market factors if not for their low knowledge of it or being a newbie in it. If DCA is that perfect, I wonder why big companies are contracting their investment management to brokerages and other investment firms, they should have just DCA at any price and continue to gamble away their money.

[Ruttoshi]

they should have just DCA at any price and continue to gamble away their money.

You are very funny to say that investors are gambling using DCA. There is power is accumulating little by little consistently and before you know it will become something big beyond your imagination. El Salvador and Bukele used DCA to accumulate bitcoin and they have a huge bitcoin portfolio currently and in good profit based on the current price of bitcoin.

There are people who don't care about short-term profits but only believe in buying and stacking their portfolio continously not because they want to make profit but because they are seeing bitcoin as a store of value that is worth saving their funds from inflation and also they are saving for the future and not about what they want today.

Trading is more of gambling because as long as you don't sell your bitcoin and you are only increasing and hodli, you are not gambling because your investment is still intact. Microstrategy has bought bitcoin from time to time and he didn't sell but hodli will you call that a dumb idea. Don't regret your actions in future mate because i see that you are only concerned about today.

[Stablexcoin]

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

Your statement is wrong! I can't imagine Bitcoin investment making people lazy due to long-term investment. Long-term plans are like a marathon, and not a sprint. It's like planting a seed that you know you will surely reap from it in the future. Now the nurturing stage is the accumulation process, though it grows slowly it magically grows to yield a good fruit. If buying gradually with DCA and planning a long-term plan is very slow and looks lazy from your own perceptive. I don't care because I am planting a seed in the future. It's better to accumulate gradually and see your investment grow in the future than trying to be a millionaire in weeks with trading. It's all about a strategy and not sloth.

I don't know what you classify to be laziness. Do you think traders are the busy/serious ones in Bitcoin because they tend to time the market regularly? I doubt you have any good reason to say long-term holders are lazy. Because a long-term investor has a long-term plan to accumulate Bitcoin. If he has plans to hold for a decade or two. He can set goals to keep accumulating till two cycles pass. He may choose to start diversifying later on if he feels the accumulation is enough, lol but seeing your portfolio grow can make someone not get tired of investing.

I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

If you are DCAeing you are not trading and when you are trading it's not DCA. The difference is clear, in the context of trading, you're buying and selling frequently. But when you DCA you are buying consistently till your maturity date and not selling until sustainable withdrawal.

[Zackz5000]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

Encouraging people to always wait for Bitcoin dip before accumulating to me is a wrong advise, what if the Bitcoin market doesn't dip it means an investor shouldn't accumulate Bitcoin right? It's wrong for this will always make an investor have low Bitcoin stack because the opportunity of always accumulating Bitcoin regularly is no longer there because such investor always wait for Bitcoin dip before accumulating.
The dip should only be an opportunity for an investor to accumulate more Bitcoin because he will buy at low price but waiting for it to dip before buying is not a good approach for with your DCA strategy you can still accumulate Bitcoin regularly weekly or monthly regardless of the price and hodl for the future than always waiting for Bitcoin dip before accumulating.

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

Your statement is wrong! I can't imagine Bitcoin investment making people lazy due to long-term investment. Long-term plans are like a marathon, and not a sprint. It's like planting a seed that you know you will surely reap from it in the future. Now the nurturing stage is the accumulation process, though it grows slowly it magically grows to yield a good fruit. If buying gradually with DCA and planning a long-term plan is very slow and looks lazy from your own perceptive. I don't care because I am planting a seed in the future. It's better to accumulate gradually and see your investment grow in the future than trying to be a millionaire in weeks with trading. It's all about a strategy and not sloth.

I don't know what you classify to be laziness. Do you think traders are the busy/serious ones in Bitcoin because they tend to time the market regularly? I doubt you have any good reason to say long-term holders are lazy. Because a long-term investor has a long-term plan to accumulate Bitcoin. If he has plans to hold for a decade or two. He can set goals to keep accumulating till two cycles pass. He may choose to start diversifying later on if he feels the accumulation is enough, lol but seeing your portfolio grow can make someone not get tired of investing.

I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know someone's style. All you want is a blind investment approach, I can't join you on that.

If you are DCAeing you are not trading and when you are trading it's not DCA. The difference is clear, in the context of trading, you're buying and selling frequently. But when you DCA you are buying consistently till your maturity date and not selling until sustainable withdrawal.

DCA strategy and trading doesn't work together since trading is for short term purpose. DCA strategy is for long term investment purpose since an investor will be accumulating Bitcoin regularly weekly or monthly and continue to hodl for long periods of time.

[laijsica]

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

An investor can generally invest in DCA in any way.  Someone may be investing a certain amount of money every day, some investors are investing weekly, and some investors are investing monthly, that is, all investors get the opportunity to customize this investment strategy and invest according to their own wishes. By investing in this way, the investor will always feel the investment is stress-free and will create an incentive in his mind for this investment. When we take any work as fun then we will not make any mistake in that work and we will be able to finish that work. So personally I think among all strategies DCA investment method is the most effective investment strategy for long term investment.

DCA method for depositing Bitcoins is a timely decision that is suitable for people of any income. You should plan to deposit weekly or monthly basis and also increase the tendency to deposit bitcoins if your income increases every year. By applying the same investment amount strategy, you may be delaying the growth of Bitcoin in the future. So if you have sufficient backup fund like at least 6 months or more then you can increase the deposit amount more. Also, tending to increase the amount deposited in DCA during each bearish period will allow you to accumulate more bitcoins in a short period of time. Investing will be stress free for you when you have a guaranteed source of income and regular cash flow which is considered as disposable income and an investment backup fund which can protect your valuable investment in case of any emergency.

In conclusion I would suggest that you should have the mindset of depositing accordingly if your income increases every year rather than just tending to deposit the same amount when you are running the DCA method of depositing bitcoins. Long term runs lead to further growth in Bitcoin and a large holding is accumulated.

[Mayor of ogba]

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

Every person should have negative thoughts about Shitcoin. Many people invest in Shitcoin only to make profit despite knowing its disadvantages. They know there is more to lose than gain in Shitcoin. Temporarily a number of people are lured by the phenomenon of earning from Shitcoin and they get into Shitcoin. Their aim is that they too will earn more money in less time and become rich overnight. I think they are deluded and will realize it after they lose more.

Where is the profit in sheetcoins?  
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we choose them.

You have been in this thread for a long time, and you have seen how we used to tell newbies how risky it's to invest money in shitcoins, but you choose to use your money to trade shitcoins with the hope of making a quick profit, but you ended up with an unexpected loss. There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price, and once there's no hype with the shitcoin you are trading, it will dump hard on you. I'm sorry you learn in the hard way before you realize how risky it's to trade shitcoins, and this will serve as a lesson for any newbie who wants to trade shitcoins.

[Ambatman]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Hopefully you learnt something from this endeavour and not try a revenge approach.
Is like been told not to touch the red button
You get curious and press and realize the reason why there's a Do not.
I guess like you did, many would see this and believe you weren't skilled enough or something.
No matter how skilled you are if you continue playing with fire
It would eventually burn you.

[Obim34]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

Bitcoin is not a daily job and not advisable to reckon on as an investment to create living expenditures, so why do we need to be hardworking when investing in it. Everyone investing in Bitcoin is expected to be as much lazy in exemption to those who are Bitcoin traders, the holders are only expected to keep their assets safe and continuously improve their portfolio and nothing more to do.

From the look of things, i believe you reckon more on buying the Dip, compared when decides to DCA. Those who DCA are as well not in exemption from buying dips, an investor can keep up as much strategies he is capable of, moreover any investor implying DCA understands perfectly that it is a journey for the long run, so buying at any price point is very comfortable. One strategy by good investors are to buy in more when the dips happen, this boosts how much portion they got from buying in a much lower price while still approaching with DCA.

[SuperBitMan]

Shitcoins has frustrated a lot of people and I ask are people blind to see what is happening because I'm still seeing some people investing in shitcoins the risk in shitcoin investment is too much and should be avoided.

Every person should have negative thoughts about Shitcoin. Many people invest in Shitcoin only to make profit despite knowing its disadvantages. They know there is more to lose than gain in Shitcoin. Temporarily a number of people are lured by the phenomenon of earning from Shitcoin and they get into Shitcoin. Their aim is that they too will earn more money in less time and become rich overnight. I think they are deluded and will realize it after they lose more.

Where is the profit in sheetcoins?  
Yet people take more risks and the fear of losing money also creeps in. These are nothing but foolishness. Because Bitcoin is the most brilliant to keep away from, you'll notice the last dumping was at $56,000, from where it touched $64,000 again. So if you buy the dip and hold for a long time you will have more success. But once the shitcoins are dumped, they are not pumped later and investors lose money.

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we choose them.

You have been in this thread for a long time, and you have seen how we used to tell newbies how risky it's to invest money in shitcoins, but you choose to use your money to trade shitcoins with the hope of making a quick profit, but you ended up with an unexpected loss. There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price, and once there's no hype with the shitcoin you are trading, it will dump hard on you. I'm sorry you learn in the hard way before you realize how risky it's to trade shitcoins, and this will serve as a lesson for any newbie who wants to trade shitcoins.

Shitcoins has really caused a lot of damage to people's life and some people are still investing in it after hearing what it has done to others, the reason why some people are still interested in shitcoins are because.
1. the potential for high returns in a short period.
Some people see shitcoins as a way to make huge profit in a very short time, they believe Bitcoin is slow in it's growth and investing in it will take a very long time for it to bring forth good profit so they decide to go for shitcoins.
2. some investors are drawn to shitcoins due to their low entry barrier.
Some investors feels since shitcoins are still new and is very cheap is better they invest in it and accumulate a lot of it with just a little amount of money.
A lot of investors this is what drew them to shitcoin investment, someone told me that since Bitcoin has been in existence for some time now is unwise for me to invest in it because I won't make huge profit like those who started investing in it 10 years ago that I should look for a new coin that is just coming up and invest my money on it and stay patient that it will grow just like Bitcoin, some people has listen to such advise and later regret shitcoin is shitcoin and should be avoided.
Bitcoin has not reached half of it's growth so is still growing and people who choose to invest in it today with patience and consistency will still make very huge profit 10 to 20 years to come, is better will see Bitcoin as a long term investment or a retirement investment so as to stop this quick want of it growing because that's one thing that gets us frustrated when we wait for it, you need to give it time don't be in a rush.

[Furious 7]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Bitcoin remains the most Acura and less volitile asset to either trade or hold for long term, because with Bitcoin, your chances of losing is very low and take a long time for that to possibly happens, but this can not be same with shitcoins coins.

Many cryptocurrency investors have lost a whole lot of money ever since the memecoins craze came on board a d still many are willing to lose more instead of learning from their mistakes and choosing only Bitcoin as against those shitcoins.

Honestly, my view of you for now is that you are still mixing investment and trading too much so that you confuse yourself from what is happening.

You say as an investor but do trading which is 2 things that are actually different, when we talk about investing then indirectly we don't trade what we invest in so there is no such thing as an investor but trading with the same asset at the same time too.
In addition, our discussion from the beginning is actually talking about how we can invest well in bitcoin and many options are done such as referring to DCA or buy dip hold as stated in the title but this only focuses on bitcoin not other things. So it will not be too relevant when our discussion is about investing but the understanding is misinterpreted to trading because it is like two different paths.

[ginsan]

Hopefully you learnt something from this endeavour and not try a revenge approach.
Is like been told not to touch the red button
You get curious and press and realize the reason why there's a Do not.
I guess like you did, many would see this and believe you weren't skilled enough or something.
No matter how skilled you are if you continue playing with fire
It would eventually burn you.

Therefore, I don't want anyone to mix their ideas here, I mean don't let anyone say shitcoin anymore because the discussion could run far and could backfire on beginners. It's better to focus on buying bitcoin to increase our confidence in bitcoin. Bitcoin is far superior in all aspects to be used as a long-term investment.

Bitcoin is not a daily job and not advisable to reckon on as an investment to create living expenditures, so why do we need to be hardworking when investing in it. Everyone investing in Bitcoin is expected to be as much lazy in exemption to those who are Bitcoin traders, the holders are only expected to keep their assets safe and continuously improve their portfolio and nothing more to do.

I don't understand, how do I draw the conclusion you said. But I want to tell you that someone who has focused on investing in bitcoin will not let go of themselves to continue learning about Bitcoin. Moreover, they invest for the long term, of course every week they continue to buy bitcoin. It's not a job but this is a form of follow-up by buying regularly.

Shitcoins has really caused a lot of damage to people's life and some people are still investing in it after hearing what it has done to others, the reason why some people are still interested in shitcoins are because.
1. the potential for high returns in a short period.
Some people see shitcoins as a way to make huge profit in a very short time, they believe Bitcoin is slow in it's growth and investing in it will take a very long time for it to bring forth good profit so they decide to go for shitcoins.
2. some investors are drawn to shitcoins due to their low entry barrier.
Some investors feels since shitcoins are still new and is very cheap is better they invest in it and accumulate a lot of it with just a little amount of money.
A lot of investors this is what drew them to shitcoin investment, someone told me that since Bitcoin has been in existence for some time now is unwise for me to invest in it because I won't make huge profit like those who started investing in it 10 years ago that I should look for a new coin that is just coming up and invest my money on it and stay patient that it will grow just like Bitcoin, some people has listen to such advise and later regret shitcoin is shitcoin and should be avoided.
Bitcoin has not reached half of it's growth so is still growing and people who choose to invest in it today with patience and consistency will still make very huge profit 10 to 20 years to come, is better will see Bitcoin as a long term investment or a retirement investment so as to stop this quick want of it growing because that's one thing that gets us frustrated when we wait for it, you need to give it time don't be in a rush.

I hope you don't get caught up in shitcoin, forget about shitcoin because Bitcoin is number 1 which is the best to buy. Know that many of them have lost a lot in shitcoin, but they are silent, even unable to express it on social media. An argument that misleads many people, if they say that shitcoin can provide comfort for its holders when in fact it is not true.

So just stop it. Don't continue, I'm afraid many beginners will be trapped by what you say. It's better to discuss how far your strategy is in the investment that you have made.

[Raflesia]

I weep for myself after losing all my capital from trading a shitcoins last week, and this made me very sad and disappointed in shitcoins, because their are more or less a gamble and anytime we have to make a choice on which coin to hold or trade in, we should look away from shitcoins because we only draw closer to loses if we make a choice on them.

Hopefully you learnt something from this endeavour and not try a revenge approach.
Is like been told not to touch the red button
You get curious and press and realize the reason why there's a Do not.
I guess like you did, many would see this and believe you weren't skilled enough or something.
No matter how skilled you are if you continue playing with fire
It would eventually burn you.

The focus should be changed because by looking at the conditions that occur for most cases in the end trading will only make it more difficult for you to get what is expected even though in the initial phase you may get profit but in the end defeat and liquidation when you cannot make predictions correctly can always happen at any time. So instead of doing more risky things like this it would be better for the focus of trading to be changed to investment in the long term and of course the focus that was originally on shitcoin must also be changed to bitcoin.

That is the most worth it for now, although it may sound as a suggestion that does not mean much but in the end we must have a commitment and priority scale so that we know which one we should do and which one we should stop.
Since the beginning we did not discuss shitcoin for reasons like this so why be forced to be in a condition that makes you uncomfortable just because you want instant.
Achieving financial freedom is not that instant, friend, because there will definitely be a process that we have to do, so start fixing your plans so that you don't regret it more when the losses continue to exist because you are too forced to be in shitcoin and trade in it.

[Ryu_Ar1]

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

After all, it's all about consideration when in the end we are in a slightly stagnant condition in terms of value or maybe you call it selling time when we can afford to buy why not, because the focus of DCA is certainly not on price benchmarks so in the end regardless of whether it is a smart way or a way that is considered aggressive by some people when we can do it then why not.

Because the benchmark from the beginning we are definitely long-term so when the market is considered bearish or bullish even for short-term measures as long as we are able to buy without any compulsion or intervention from anyone then we just have to buy it without the need to think further.
Not that this is also a reckless act in the end because after all we must have other considerations and our considerations are long-term so that the current price (decrease or increase that occurs in the short term) is not a reference because in the end when bitcoin is in a downward trend we still buy it again.

Instead of waiting too long and the money we will allocate is used for other needs, as long as we can buy where the allocation for bitcoin is already there and ready with all forms of risk that occurs, then why delay the purchase just because it is fixated on the market.

[Litzki1990]

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

An investor can generally invest in DCA in any way.  Someone may be investing a certain amount of money every day, some investors are investing weekly, and some investors are investing monthly, that is, all investors get the opportunity to customize this investment strategy and invest according to their own wishes. By investing in this way, the investor will always feel the investment is stress-free and will create an incentive in his mind for this investment. When we take any work as fun then we will not make any mistake in that work and we will be able to finish that work. So personally I think among all strategies DCA investment method is the most effective investment strategy for long term investment.

DCA method for depositing Bitcoins is a timely decision that is suitable for people of any income. You should plan to deposit weekly or monthly basis and also increase the tendency to deposit bitcoins if your income increases every year. By applying the same investment amount strategy, you may be delaying the growth of Bitcoin in the future. So if you have sufficient backup fund like at least 6 months or more then you can increase the deposit amount more. Also, tending to increase the amount deposited in DCA during each bearish period will allow you to accumulate more bitcoins in a short period of time. Investing will be stress free for you when you have a guaranteed source of income and regular cash flow which is considered as disposable income and an investment backup fund which can protect your valuable investment in case of any emergency.

In conclusion I would suggest that you should have the mindset of depositing accordingly if your income increases every year rather than just tending to deposit the same amount when you are running the DCA method of depositing bitcoins. Long term runs lead to further growth in Bitcoin and a large holding is accumulated.

Earlier investing usually required pooling some amount of money and after pooling a certain amount of money one could invest with that money but now the strategy of investing has completely changed. Earlier those who earn a lot of money monthly or weekly could invest properly but low income people were deprived of this investment. But now every professional person gets an opportunity to invest in DCA investment strategy. If a day laborer earns five to ten dollars a day and within this amount he can pay his family expenses and still have some money left over to invest in bitcoins. Again in this method there are many students who save tiffin money or tuition and continuously invest in Bitcoin. People who once invest in DCA investment strategy will always want to stick to this investment strategy.

[reagansimms]

I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition.

DCA is not a strategy of trading so I wonder why you would want someone to consult your trading chart before doing there normal DCA it actually sound somehow to me or are you mistaken DCA strategy for a trading pattern? Actually DCA strategy is not dependent to any form of market price or anything before accumulating so there is no need of consulting any chart before someone can starts accumulating.

It seems that he misunderstood the meaning of DCA, he needs to be directed to a further level so that he can interpret this strategy correctly. DCA strategy is a straightforward investment method with very high efficiency, investors can divide a certain amount of investment into several different amounts instead of investing it all at once. DCA also offers convenience and investors can invest even with low capital in a certain amount during a specified period. Therefore, the reason many Bitcoin investors apply this strategy is because it is a safe long-term investment method.

[Tmoonz]

But Bitcoin is such a situation that the fear of losing money is close to zero, if he is ready to hold it for a long time then surely Perth will benefit several times. But generally we need to know our Bitcoin buying strategies which we call as DCA method, you can definitely be successful if you buy investment regularly. And if you can buy bitcoins in the deep market it will be possible to hold more.

If you are adopting DCA in investment then why mention dip season. The Dollar Cost Averaging method is where you purchase bitcoins for investment purposes on a weekly, monthly or quarterly basis. My only point of mentioning this is that since you are buying bitcoins for investment with a certain amount of money over a period of time then why should you wait for the dip season.

He is waiting for the dip season, and for this, he is more reasonable. The DCA strategy might have been overhyped by many of you, but it also has its downside, and if waiting for the market to dip before he applies it to maximise his profits, why not?

A clear explanation goes for those who were overbearing by Bitcoin as far back as 2021, they bought the coin at $68,000 in the name of having believed in Bitcoin and DCA strategy is supreme, can they still be in profits after over 3 years (in 2024) judging by the current price of Bitcoin? The answer is a capital NO. This is why we should rather be reasonable than be brainwashed by a certain strategy. No doubt, the DCA strategy is a very good one, still, the right applications matter depending on the market condition and not just buying and buying even as the market is clearly at an overbought region.

Any reasonable and experienced investor must consider other factors like that for him to know when is the best price to strike the market. Above all, the price you buy matters regardless of whether you DCA or not, which is what @As-Soon-As was trying to explain because you will gain more and be even safer buying the dip than buying at the peak. Who does that in the history of investing except such a person is inexperienced?

It is funny to hear that an intending investors is more reasonable in his investment plans just because he is waiting for the dip season to come before he can invest, this is the first time am hearing that and its very surprising to me, @EarnOnVictor with what you have said already it means that your advise to newbies is centered of changing thier mindset to buy during the Bitcoin dip season

Bitcoin has made many people lazy investors since it is such that you can buy and leave and over time, it will still go back to the level regardless of whether you will hardly make a dime from it or not. Where they start having issues is when they buy at the peak and Bitcoin never returned there for so long, is that a smart investment when losing or earning little for too long? Investing is never by force, that's why we should be reasonable. I see no hurt in wanting to apply the DCA approach but first consult my trading chart to know the market condition. If the market is either overbought or diverging towards the bearish side or already started selling, why not wait until the dip effectively happens before DCAing? That is smarter and you even make more than the person who would buy it from the peak. I don't know why that's difficult for many of you to know as someone's style. All you want is a blind investment approach, I can't join you on that.

Bitcoin is not a daily job and not advisable to reckon on as an investment to create living expenditures, so why do we need to be hardworking when investing in it. Everyone investing in Bitcoin is expected to be as much lazy in exemption to those who are Bitcoin traders, the holders are only expected to keep their assets safe and continuously improve their portfolio and nothing more to do.

From the look of things, i believe you reckon more on buying the Dip, compared when decides to DCA. Those who DCA are as well not in exemption from buying dips, an investor can keep up as much strategies he is capable of, moreover any investor implying DCA understands perfectly that it is a journey for the long run, so buying at any price point is very comfortable. One strategy by good investors are to buy in more when the dips happen, this boosts how much portion they got from buying in a much lower price while still approaching with DCA.

In as much as I completely agree with you on this, but the  truth remains that buying the dip as to this regards requires certain level of preparedness so as not to use the money that is meant for your other living expenses to buy the dip, I must say that one who doesn't maximize buying the dip but only focus on dcaing which he or she finds comfort does mean such person or investor is a bad one, an investors will only make used of strategy or strategies that suits him or her and that doesn't make one better than the other, it is not a competition. However, I completely gat your point but your choice of words can be very problematic or misleading.