Buy the DIP, and HODL!

[Zackz5000]

It's an unhealthy advise telling someone to stick with Bitcoin when trading, deciding to trade with Bitcoin or any other cryptocurrencies issues same losses, nothing distinguishes the risk management, it all goes down to how the funds is being managed, using Bitcoin to trade does not stop you from losing as well. Anyone who is scared to lose should be focused on investing their funds in Bitcoin, either strategies are okay depending on the individual balance and how he understands the market.

Trading is generally risky but bitcoin trading is better. Altcoins are easily manipulated. Let me show an example



See how this coin was manipulated since 3 days ago.

When we are talking about Bitcoin it should be Bitcoin long term investment and not some trading stuff as Bitcoin is never a tradable coin.
It could be misleading when you say Bitcoin is better when trade, Bitcoin shouldn't be trade but invest for a long time purpose, with the DCA strategy of accumulating Bitcoin an investor can buy small small either weekly or monthly and hodl for a longer time and not to trade for a short time interval, an investor who accumulate Bitcoin and HODL for 4-10 years and above will definitely not regret trading or selling out his Bitcoin in a short while, as an investor our mindset should always be accumulate more Bitcoin and HODL for the future.

[Btcdeybodi]

Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year.   It would look something like this.



Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.

Surely the times when the cashflow are better, I think there is need to accumulate aggressively in regards to increase ones portfolio. because having an 8year plan of $50k investment required facilitating the accumulation process  since bitcoin is volatile, because if a person was not able to increase his accumulation in the 8years intervals, he might end up buying lesser amount of bitcoin. so sometimes the fuck you status could be arranged in somewhat a way that when there is an increase in cashflow, the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high. It is important to leverage on bitcoin during its early stage because 8 year ls certainly a long time for BTC to make huge changes.

What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.

I understand the point you are trying to make but volatility of bitcoin has nothing to do with an accumulator because his goal is focus on having a big bag of bitcoin in his possession so whether the price of bitcoin skyrockets or falls it's not a concern to him at all. For me, someone with 8 year plan of accumulation seems too sudden unless for someone who would just want to recap and analyze his progress within that interval of time and not give that time frame just because of the idea they can sell by then. There's no need for aggressive accumulation if your cash flow increases, perhaps you can just increase your DCA amount a little then the remaining funds can be added to your reserved funds, the need for this is so that in a case of DIP you can acquire more bitcoins with your reserved funds. Someone who has a time frame target of their investment should be able to know how to apply various strategies when the need arises so that they don't miss some opportunities that may come along line.

[Btcalysis]

Btcalysis, this is no a trading thread and there is a trading section in this forum where you can discuss about trading. Trading mindset is not an ideal way for a new investor to start with bitcoin because you will end up wasting time and resources which at the end will bring regrets and frustration after running at big loss.

I only corrected the person how altcoins are very volatile and risky. I know all what you are talking about.

When we are talking about Bitcoin it should be Bitcoin long term investment and not some trading stuff as Bitcoin is never a tradable coin.

Then what is bitcoin if it is not tradable? You can hold bitcoin and you can trade it at anytime you want.

[JayJuanGee]

Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year.   It would look something like this.

Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.

Surely the times when the cashflow are better, I think there is need to accumulate aggressively in regards to increase ones portfolio. because having an 8year plan of $50k investment required facilitating the accumulation process  since bitcoin is volatile, because if a person was not able to increase his accumulation in the 8years intervals, he might end up buying lesser amount of bitcoin. so sometimes the fuck you status could be arranged in somewhat a way that when there is an increase in cashflow, the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high. It is important to leverage on bitcoin during its early stage because 8 year ls certainly a long time for BTC to make huge changes.

I see what you are saying, and I don't even disagree with you.  However part of the problem is that I am attempting to mostly presume that the increase in later years is not due to lack of aggressiveness or willpower, but instead due to being as aggressive as he can be and ONLY being able to increase with the passage of time based on either increasing income or decreasing expenses due to ongoing fruther practicalities rather than due to the guy being whimpy.

Sure there are some folks who are whimpy too, yet I was not necessarily presuming that the lack of greater amounts in the earlier years was due to such whimpiness.

And, surely any of us can attempt to make bitcoin investment projections that are as aggressive as we can make them in regards to attempting to frontload our investment into bitcoin, yet we can ONLY be so aggressive before we might devolve into gambling and/or devolve into putting too much of our finances at risk due to our inclination to want to frontload our investment, and then we end up with less bitcoin than we could have had based on our becoming overly aggressive and recking ourselves partially or totally.

What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.

I think that you are missing something in regards to the ongoing debasement of the dollar is going to continue to cause us to have more dollars.. and surely, I am not opposed to the idea of being as aggressive as we are able to be, including in the beginning and perhaps even engaging in a reasonable amount of leveraging... but we still have limitations in regards to how much disposable income that we have at any given time, and we cannot presume our future earnings into the present.. and yeah, it well could end up being true that we front load our investment into BTC and the BTC price shoots way up and the BTC price never comes back down to its earlier price possibilities.. so surely I am not discounting those kinds of possibilities. which further justifies any attempts that can be made towards frontloading the BTC investment as much as reasonable..

I understand that some folks might consider these numbers to be overly pessimistic (bearish), and so you can create your own chart and put your own estimated numbers in there.  You can also attempt to be more granular about it too, if you like, yet from my own experience, there can be some value in regards to attempting to be somewhat general in future projections and then just tweak them from time to time as time passes (such as where the future becomes the past and then the numbers become known).

This is good
Been surprised is better than been dissapointed
I try to reduce expectations so I would feel more excited when my expectations are beaten.

If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

What's the essence of DCAing in trading when you still going to Sell.
The aim of trading is taking quick profit not accumulating and really doesn't require implementing DCA.

the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high.

That's why it was an hypothetical scenario.
We can make prediction of plan but there are many variables at play and to estimate some of these variables are kept constant.
Aggressive buying is a good approach I must say but what about the available disposable income isn't enough to cover for such aggressive buying
Or what happens when there's a strong dip after going aggressive?
Mindset comes in play, the weak sell some, some individuals continue DCA and others just go again more aggressive.
But I believe going aggressive always gives room in wanting to collect some profit early.
Just saying.

I think that your quotes are messed up.  You quoted me, and then you quoted someone else, but you did not say who.. so the reader is supposed to try to figure that out?

Regarding your comment on my chart, I already mentioned it is possible to create a variety of scenarios, including negative scenarios so that if BTC outpaces your negative scenarios you would still be happy.  I have no problem with that. 

I recall that when I started many of my base case scenario predictions dealt with a 6% per year increase in the bitcoin price, and so surely after a few years, BTC prices way outstripped my base case projections, but still ended up falling into some of my more pie in the sky projections.. so sometimes even way outperformance can leave us not sure about what to do if we have not adequately prepared financially and/or psychologically for the some variation of the scenario that ends up playing out.

Yes, we know investing in DCA method is much less loss and less risk. However, if your friend makes such a comment, there are some similarities between trading and gambling. Because if gambling is played a few times then there is a possibility of becoming an addiction, and later on you will be interested in gambling, just like if you start in trading then you will be attracted to trading later, in that case you will lose money there. As we know, investing in Bitcoin is the most profitable compared to trading. If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

I think those who compare DCA investing to trading and gambling may not have even the slightest understanding of this investment yet. I would instruct them to read this entire Buy the DIP, and HODL thread  thoroughly so that they can gain thorough knowledge about DCA investing (as it has been mentioned here hundreds of times that a newbie can start investing with little knowledge of Bitcoin and little money). But they are right on one point that trading can be compared to gambling as there is maximum risk and profit uncertainty in trading just like in gambling. Through DCA method to avoid risk and reduce stress, we commit to holding bitcoins for a long period of time by buying and accumulating bitcoins over a period of time using a fixed income source.

First, reading 568 pages of thread seems like a lot of time, and hopefully they start investing before they get too caught up in preparing and studying and failing/refusing to actually buy some BTC.

Second, it seems that DCA does not really eliminate risk, but instead allows us to tailor our BTC  investment amount to our own cashflow situation (including making sure that we stay within our discretionary income).

When we are talking about Bitcoin it should be Bitcoin long term investment and not some trading stuff as Bitcoin is never a tradable coin.

Then what is bitcoin if it is not tradable? You can hold bitcoin and you can trade it at anytime you want.

Even if bitcoin is tradable, it does not mean that you should trade it, especially since it amongst the best of investment assets ever known to mankind (if not the best), so why would you want to trade something that is already a good investment?

Think about if your goal is to build wealth, and if you want to accumulate BTC in order to accumulate wealth, then why would you sell BTC in order to accumulate it?  Hardly makes any sense, unless you are selling because you believe that you can buy back cheaper.. .. but why would you take such chances if your overall goal might be to accumulate more BTC?  Seems to me that those who sell BTC with an expectation of buying back cheaper are lacking in focus and perhaps more greedy than they need to be in terms of complicating their own finances and psychology merely because they think that they are smarter than the market.. or they can see where the BTC price is going in the short-to-medium term. .which may or may not even work out  for them.

Sure, you can do whatever you like, it is a free world the last time I checked.. .. at least when it comes to your selling your BTC.. you are free to go down such path if you believe that you can beat the BTC accumulator and HODLer.. especially when considering longer timeframes of 6-12 years or longer..  Seems to me that if you are fucking around with trading, then sooner or later your luck is going to run out and you would have had been way better off just focusing yourself rather than fucking around trying to time a dip that might not end up happening... and you end up with way fewer BTC than you could have had and way more stress and wasted time and energies at the same time..

[ginsan]

Of course we have a couple of changing variables, namely the amount of your disposable income and the expected change in the BTC price, and so I consider that I put a somewhat base case, and of course the table could be more granular such as twice a year or quarterly or even monthly, and surely there can be value in each of the cases, and you can get some general  ideas where you might be if your investment timeline might be 10 years but you can see if you are still on track after 2 years, 5 years, 8 years etc... .. so you have the amount that you put in and you have the uncertainties of how much BTC it is going to get you, too.

So if I put mmore of  base case, then you could have scenarios that are worse or way worse in terms of the BTC price, or higher or way higher in terms of BTC price, and your results are going to be different under each of the scenarios, and so surely once you create one table, then future tables become easier, and you could also create tables in which you link back to another field so that you change one or two things and then the whole table result change based on your one or two changes.

As time goes by I have almost reached 2 years or only need one more Quartel to be exactly 2 years that I have been through with bitcoin accumulation with DCA. Apart from that, it is true as you said that the price problem is getting high and getting higher in this two-year period. Since it dropped to $15k, that's when I started investing in Bitcoin with DCA. To sort the table, it might take me a day to compile the average entry per year that I have passed.

The adjustment of entry price certainly varies because DCA does not looking a price when the purchase period is due. but that's not a problem because I still follow up on it until I am satisfied with my btc ownership. So far there has been no increase that I have made, meaning to increase the purchase budget in the second year, as in the table you have shared. Especially in my principle, where I still like to maintain a more stable purchase cash flow standard because in terms of income there is no increase.

So, the important point that I take from the table you shared is of course our consistency in buying bitcoin. Starting from $71 to $152 for the next 8 years is something that might be quite good to implement if only we were supported by increasing income every year.

[As-Soon-As]

an investor who accumulate Bitcoin and HODL for 4-10 years and above will definitely not regret trading or selling out his Bitcoin in a short while, as an investor our mindset should always be accumulate more Bitcoin and HODL for the future.

To hold for future in long term you must accept target, only success is possible by adopting target. Whenever you start depositing bitcoins you instantly target depositing 1 bitcoin. And if you want to save for future then definitely take second target, where your bitcoins will be more than one and it will be easy for you to deposit 2 or 3 bitcoins because you are successful in depositing bitcoins for the first time. 
Because you will instantly become old when you pass from the present to the future, you will fail to earn money when you need money after getting old. This bitcoin will help you the most in those bad times, in that you are successful in depositing bitcoins and you can receive your bonus money.

[JayJuanGee]

Of course we have a couple of changing variables, namely the amount of your disposable income and the expected change in the BTC price, and so I consider that I put a somewhat base case, and of course the table could be more granular such as twice a year or quarterly or even monthly, and surely there can be value in each of the cases, and you can get some general  ideas where you might be if your investment timeline might be 10 years but you can see if you are still on track after 2 years, 5 years, 8 years etc... .. so you have the amount that you put in and you have the uncertainties of how much BTC it is going to get you, too.

So if I put mmore of  base case, then you could have scenarios that are worse or way worse in terms of the BTC price, or higher or way higher in terms of BTC price, and your results are going to be different under each of the scenarios, and so surely once you create one table, then future tables become easier, and you could also create tables in which you link back to another field so that you change one or two things and then the whole table result change based on your one or two changes.

As time goes by I have almost reached 2 years or only need one more Quartel to be exactly 2 years that I have been through with bitcoin accumulation with DCA. Apart from that, it is true as you said that the price problem is getting high and getting higher in this two-year period. Since it dropped to $15k, that's when I started investing in Bitcoin with DCA. To sort the table, it might take me a day to compile the average entry per year that I have passed.

Well one thing is looking at your own historical performance, and another thing is projecting into the future.  If you don't have your exact numbers, you can just look at charts and get estimates, and even when you are dealing with personal details you might be better served to be more precise, including considering putting in your weekly buys or your monthly buys.

When projecting into the future, you don't need to be as precise unless you are trying to account for some specific kinds of things that you are expecting to happen in regards to your own finances or perhaps in regards to bitcoin price expectations.  I frequently proclaim that we should be in a better position to tailorize our own circumstances rather than some of the outside factors such as bitcoin price and macro-economic happenings - yet it is understandable that even our own financial and psychological circumstances might have a decent amount of uncertainties, even though we are in a position to know our health, energy levels, our work skills and marketability, our family and/or business-related expenses.

We can even use some of the DCA threads to calculate average costs per BTC for various periods of time that we input the date.. like this one that shows the average cost per BTC between December 2022 and December 2023.. which I can see that if I invested $5,300 over that time I would have had gotten 0.19596 BTC.. which I can see is an average about $27,046 per BTC (that is $5,300/0.19596).

The adjustment of entry price certainly varies because DCA does not looking a price when the purchase period is due. but that's not a problem because I still follow up on it until I am satisfied with my btc ownership.

Of course even if you don't know all of the dates with your own purchases, you can try to figure out the total amount that you spent and the total amount of BTC that you have accumulated, and therefore get your average cost per BTC.  If you do not have very good records, then you can estimate, also this becomes more difficult for traders, and so there can be some value in trying to keep track even though traders (just like gamblers) will sometimes lose track and they may well have to just estimate how much they put in from the start of the period until the end of the period and try to figure out how many BTC that they had at the end of the period.

You saw with my earlier table that I had anticipated and increase of 10% per year in the amount of the discretionary income that could be spent on BTC DCAing, and at the same time, my anticipated price changes per year were somewhat estimations based on past BTC price performance, yet I was still trying to make them a bit more modest in regards to the anticipated extremes, so there could  be some value in regards to trying to create a more likely scenario and then making one or two scenarios on each side.  Once you start making scenarios you might not know when to stop, yet they are likely not going to make as much sense if you try to get too extreme with the scenarios, so you may well naturally gravitate towards the center or maybe you might want to become a bit more hopefully by preferring a bit more of a bullish scenario.. yet you will also likely see that the more bullish the scenarios, then the fewer BTC (satoshis) that you are going to be able to accumulate.

So far there has been no increase that I have made, meaning to increase the purchase budget in the second year, as in the table you have shared. Especially in my principle, where I still like to maintain a more stable purchase cash flow standard because in terms of income there is no increase.

Yeah.  If there is no increase in income, then all that you have left is to decrease your expenses, and sometimes it is NOT practical to further decrease expenses.  And surely there have already been a lot of guys who have been complaining about expenses increasing more than they are able to increase their income, so if that is the case, then there would be a lot of pressure on the ability to even continue the DCA amount at the same rate without reducing the amount.

So, the important point that I take from the table you shared is of course our consistency in buying bitcoin.

I thought that the important point is trying to establish realistic goals - goals that are within your ability to achieve.  If you create unrealistic goals then you are likely going to underperform and disappoint yourself.   Sure there is value in terms of being consistent and persistent, especially if you might place the accumulation of bitcoin on a relatively high prioirity level.

Starting from $71 to $152 for the next 8 years is something that might be quite good to implement if only we were supported by increasing income every year.

Many of us likely realize that the dollar (and other fiat) is going to continue to debase, yet surely there are some folks who might not get pay increases that are comparable to the debasement of the dollar/fiat, and surely some guys might be able to seek employment with higher pay, yet surely some guys might not be able to achieve those kinds of goals, so if they are not able to increase the amount that they put into bitcoin each year by the amounts that I showed, then they have to figure out more realistic numbers that better anticipate (predict) their own circumstances, and the numbers should be realistic in the sense of making goals that are achievable.   It does not seem to be a very good motivator if you are setting goals that you are not able to achieve, and to me it seems way better to be setting goals that you can realistically achieve, even if there might be aspects of the goals that are quite challenging, but it still seems better to set goals that are achieveble rather than not and perhaps also attempt to exceed the goals, while keeping in mind that it is o.k. if you do not end up exceeding your goals.

[Sticky Bomb]

Sure, you can do whatever you like, it is a free world the last time I checked.. .. at least when it comes to your selling your BTC.. you are free to go down such path if you believe that you can beat the BTC accumulator and HODLer.. especially when considering longer timeframes of 6-12 years or longer..  Seems to me that if you are fucking around with trading, then sooner or later your luck is going to run out and you would have had been way better off just focusing yourself rather than fucking around trying to time a dip that might not end up happening... and you end up with way fewer BTC than you could have had and way more stress and wasted time and energies at the same time..

I am yet to see traders who amasses so much wealth in bitcoin over the years, all I see are investors and not just baby investors, but long-term investors and Hodlers. Funny enough most of them are not even planning on selling off yet, which validates the fact that bitcoin still has lots more potentials to increase very much in value and they believe in it, staking their investments for yet a longer time. I believe it is very pertinent to work with provable statistics which is that bitcoin accumulation is the best shot regardless of the temptations of taking out short term gains.

In response to the bolded text above, I think what I would like to do and what is very reasonable to do is to keep accumulating bitcoin, not wasting unnecessary time and funds on trading so as to increase my chances of getting good profits after a long period of time possibly 10 years or more.

[Mayor of ogba]

It's an unhealthy advise telling someone to stick with Bitcoin when trading, deciding to trade with Bitcoin or any other cryptocurrencies issues same losses, nothing distinguishes the risk management, it all goes down to how the funds is being managed, using Bitcoin to trade does not stop you from losing as well. Anyone who is scared to lose should be focused on investing their funds in Bitcoin, either strategies are okay depending on the individual balance and how he understands the market.

Trading is generally risky but bitcoin trading is better. Altcoins are easily manipulated. Let me show an example



See how this coin was manipulated since 3 days ago.

As a newbie, you lack the knowledge that will guide you in trading, and you will easily sell your bitcoin at a loss if the bitcoin price drops because you cannot control your emotions to hold your bitcoin until it rises back. And you will spend so many months to gain this knowledge, and at the end you will not still be successful in trading. It would be better if you focused all your energy on accumulating bitcoin for the long term and saved yourself from the stress of always reading charts and the emotional damage that comes with trading. When it comes to accumulating bitcoin for the long term, you don't need wide knowledge about bitcoin before you start accumulating it. What should be your concern should be your own finance to know if you will have a discretionary fund that will allow you to invest in bitcoin. As a newbie, it is good to adopt the DCA strategy when accumulating bitcoin because it will allow you to be consistent in accumulating bitcoin even though bitcoin price is increasing or decreasing, which will make you not to wait for bitcoin to dump to a particular price before you can accumulate it.

[Samlucky O]

What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.

I am not opposed to the idea of being as aggressive as we are able to be, including in the beginning and perhaps even engaging in a reasonable amount of leveraging... but we still have limitations in regards to how much disposable income that we have at any given time, and we cannot presume our future earnings into the present..

yeah I understand your point or perspective on how it can be difficult to invest agresively without considering our level of disposable income  and we can not also predict our future from the beginning, but firstly before we can invest agresively we should have known the level of our disposable income. my explanation was directing towards a person with a reasonable cashflow and or disposable income that will be capable of investing agresively without being affected in anyways. in the aspect of predicting the future from the present surely to me it really matters as a good investor, you must be able to fosee the future. you know there is a saying that wise people know the end from the beginning. so it's good/important to plan ahead of time. that makes a person to achieve greater things. though it may not really happen accurately as planned due to unforeseen circumstances, but let it be that a positive idea is initiated, as good plans Produces good results.

[bubilas]

If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

It's an unhealthy advise telling someone to stick with Bitcoin when trading, deciding to trade with Bitcoin or any other cryptocurrencies issues same losses, nothing distinguishes the risk management, it all goes down to how the funds is being managed, using Bitcoin to trade does not stop you from losing as well. Anyone who is scared to lose should be focused on investing their funds in Bitcoin, either strategies are okay depending on the individual balance and how he understands the market.

I think this guy meant that Bitcoin has advantages in terms of trading over other cryptocurrencies.
But, I understand your point, in general, trading is really very dangerous, and even if you speculate with Bitcoin in an attempt to guess the price, you can lose your deposit as quickly as on roulette in gambling. And the fact that Bitcoin returned to ATH will not help here. Also, trading and speculating with the first cryptocurrency can make attempts to accumulate Bitcoin fickle, but investing according to DCA has advantages in this.
This method makes the one who wants to accumulate Bitcoin disciplined, despite all the other multiple advantages of this method.

[JayJuanGee]

If you start trading then start in bitcoin it will not let you face loss, but you will get profit from here especially use DCA it will help to reduce risk all the time. We know it's always better to use DCA as a smart investment.

It's an unhealthy advise telling someone to stick with Bitcoin when trading, deciding to trade with Bitcoin or any other cryptocurrencies issues same losses, nothing distinguishes the risk management, it all goes down to how the funds is being managed, using Bitcoin to trade does not stop you from losing as well. Anyone who is scared to lose should be focused on investing their funds in Bitcoin, either strategies are okay depending on the individual balance and how he understands the market.

I think this guy meant that Bitcoin has advantages in terms of trading over other cryptocurrencies.
But, I understand your point, in general, trading is really very dangerous, and even if you speculate with Bitcoin in an attempt to guess the price, you can lose your deposit as quickly as on roulette in gambling. And the fact that Bitcoin returned to ATH will not help here. Also, trading and speculating with the first cryptocurrency can make attempts to accumulate Bitcoin fickle, but investing according to DCA has advantages in this.
This method makes the one who wants to accumulate Bitcoin disciplined, despite all the other multiple advantages of this method.

It seems to me that trading an asset that is as powerful as bitcoin, there become considerably great risks of selling too much too soon, and that is especially bad if the goal of the trader had been to trade in order to try to increase his bitcoin holdings faster than merely buying bitcoin on a regular basis.  They also likely miscalculate the costs of waiting rather than persistently and consistently accumulating, so even though the DCA buyer might end up with higher costs per BTC based on his consistency, persistency and ongoingness in purchasing bitcoin, he will also likely end up with both more bitcoin and also NOT taking any chances on being out of bitcoin during times in which the BTC price does a step ladder upward move and does not return anywhere close to prior price levels. 

To me, it does not seem to be worth it to be fucking around with bitcoin in those kinds of trader ways, even though surely bitcoin is a more solid asset class, but still should not suggest that it is better to trade merely because it is a more solid asset class. ... but instead bitcoin being a solid asset class likely justifies that guys should not be fucking around and even trying to trade it, especially if they are in their earliest of stages of BTC accumulation and perhaps even if they are in their later stages of BTC accumulation, especially if they perceive themselves to still not have enough BTC.

But yeah traders going to trade and frequently not be able to control themselves in their attempts to improve upon an already great asset class (and investment) - namely bitcoin.

[reagansimms]

~~~

I am yet to see traders who amasses so much wealth in bitcoin over the years, all I see are investors and not just baby investors, but long-term investors and Hodlers. Funny enough most of them are not even planning on selling off yet, which validates the fact that bitcoin still has lots more potentials to increase very much in value and they believe in it, staking their investments for yet a longer time. I believe it is very pertinent to work with provable statistics which is that bitcoin accumulation is the best shot regardless of the temptations of taking out short term gains.

Traders only focus on seeking short-term profits, so they always apply risk management by setting stop-loss levels, and they also set a portfolio percentage to avoid the risk of loss when the market falls. The balance between risk and profit must be carefully considered is key in trading, which is why you have never seen traders holding large amounts of Bitcoin for years.

The Holders portfolio is proof that Bitcoin is reliable enough for long-term investment, but of course it requires the right strategy. Bitcoin has strong characteristics, which is why it can be used as a safe investment instrument in the long term because it is resistant to shocks amidst sluggish market conditions caused by inflation. Bitcoin's large capitalization is an important indicator in determining the fundamentals of an asset, in this case Bitcoin is the champion. So long-term holders do not easily change their investment plans when a major shock is happening in the market, because they believe, Bitcoin never disappoints them.

[iamsange]

The Holders portfolio is proof that Bitcoin is reliable enough for long-term investment, but of course it requires the right strategy. Bitcoin has strong characteristics, which is why it can be used as a safe investment instrument in the long term because it is resistant to shocks amidst sluggish market conditions caused by inflation. Bitcoin's large capitalization is an important indicator in determining the fundamentals of an asset, in this case Bitcoin is the champion. So long-term holders do not easily change their investment plans when a major shock is happening in the market, because they believe, Bitcoin never disappoints them.

The evidence that we have seen from Bitcoin and also from most of the portfolios of Bitcoin Holders who still believe in Bitcoin investment and they are all still quite happy to buy Bitcoin is something that is quite real now. So most people certainly no longer doubt Bitcoin as the best asset for investment and also as a good asset for long-term ownership.

And if there are still people who doubt Bitcoin as the best investment asset, of course he will explain the reasons and it could be that the person just wants to advance another damn coin that he likes himself without seeing the value of Bitcoin itself. So for now there is no particular reason for me to doubt Bitcoin as the king and I also hope that over time Bitcoin lovers will continue to grow and implement buy the dip and hodl.

[Lidger]

Absolutely right, and DCA investing solves the problem of trying to guess the bottom of the price.
Related story: recently a friend of mine started saying that gambling and trading are very similar, and he claimed that they are unpredictable. I just opened my mouth to object, and suddenly realized that the price of Bitcoin is really impossible to predict. It is easy to tie events after the price has moved, but no one knows the course of the price in advance. This is the difference between guessing (trading) and smart DCA investing.

Hopefully, none of us are claiming to know anything or trying to guess, especially short term BTC price movements, so if we generally have some ideas that bitcoin prices are likely to be higher 4-10 years or longer as compared to what they are today, and we also have a general expectation that the amount of the BTC price increases is likely to be at least better than the debasement of the dollar, then perhaps it would be better to have some allocation in bitcoin, including money that we don't mind tying up for 4-10 years or longer.

I doubt that we are really predicting, yet we can still try to figure out our position size in such a way that we realize that the most that we could lose is 100%, and so we just kind of hope it works out in our 4-10 year or longer investment timeline..and that we will be in better position for having had invested into bitcoin as compared to if we had not invested into bitcoin.

And this is right, because there is constant inflation in the world and even the dollar is depreciating. Of course, banks in our countries offer each of us deposits in dollars, but they have very small interest rates, especially since the condition for storing is giving your own money to the bank.
Therefore, it is much better to invest in Bitcoin, and for both experienced and beginners, the best approach is to periodically buy without trying to guess the bottom of the price in the current period.

This problem is now very common in developing countries where common people do not feel safe keeping money in banks. There are many banks in our country which are waiting to declare themselves bankrupt. There are also many customers who have deposited their entire life money in a single bank that now the bank is not giving them cash and when they ask the bank about this, the bank directly tells them that they have a cash crisis right now. My point is that I put my money in the bank for safety, if I can't withdraw that money from the bank when I need it, then why I put money in this bank. 

Now maybe the customers of these banks are asking themselves this question but they are not getting the correct answer from the bank authority. 
If these customers had invested in bitcoins instead of keeping money in the bank, their profits would have multiplied as well as they could have withdrawn the money whenever they wanted.

[As-Soon-As]

This problem is now very common in developing countries where common people do not feel safe keeping money in banks. There are many banks in our country which are waiting to declare themselves bankrupt. There are also many customers who have deposited their entire life money in a single bank that now the bank is not giving them cash and when they ask the bank about this, the bank directly tells them that they have a cash crisis right now. My point is that I put my money in the bank for safety, if I can't withdraw that money from the bank when I need it, then why I put money in this bank. 

Now maybe the customers of these banks are asking themselves this question but they are not getting the correct answer from the bank authority. 
If these customers had invested in bitcoins instead of keeping money in the bank, their profits would have multiplied as well as they could have withdrawn the money whenever they wanted.

Not all people in developing countries are educated enough, but those who are educated may have invested in Bitcoin. Investing in Bitcoin long-term is very easy if it follows the DCA method, but sustaining the investment in the DCA method is the most challenging. People in your country keep money in bank it is for safety but that money is owned by third party, but the person who invests in Bitcoin owns that money because the control is complete with the person who invests. So all these benefits should reach them, then people will not accept the risk of keeping money in the bank. And all the money they will look for Bitcoin investment method for more security and more small amount of money can be invested these benefits will reach them.

El Salvador, a Middle Eastern country that has become successful with Bitcoin, has made it useful enough to educate everyone on Bitcoin relations in the present day. And teaching in different school institutions to reach every people in their country about this Bitcoin. I like this idea best and it is useful for every person with choice.

[Taskford]

The Holders portfolio is proof that Bitcoin is reliable enough for long-term investment, but of course it requires the right strategy. Bitcoin has strong characteristics, which is why it can be used as a safe investment instrument in the long term because it is resistant to shocks amidst sluggish market conditions caused by inflation. Bitcoin's large capitalization is an important indicator in determining the fundamentals of an asset, in this case Bitcoin is the champion. So long-term holders do not easily change their investment plans when a major shock is happening in the market, because they believe, Bitcoin never disappoints them.

The evidence that we have seen from Bitcoin and also from most of the portfolios of Bitcoin Holders who still believe in Bitcoin investment and they are all still quite happy to buy Bitcoin is something that is quite real now. So most people certainly no longer doubt Bitcoin as the best asset for investment and also as a good asset for long-term ownership.

And if there are still people who doubt Bitcoin as the best investment asset, of course he will explain the reasons and it could be that the person just wants to advance another damn coin that he likes himself without seeing the value of Bitcoin itself. So for now there is no particular reason for me to doubt Bitcoin as the king and I also hope that over time Bitcoin lovers will continue to grow and implement buy the dip and hodl.

Many just realize that its better to invest for long term with bitcoin rather than participating on any trading activities which provably put them on unknown situation since every short term movements people take bring them huge risk to lose money especially that market is so unpredictable or volatile.

If they doubt that bitcoin is best asset to invest then that means they don't have knowledge about bitcoin. Maybe don't try to explain bitcoin to those people who don't believe since its like you are trying to hard sell this to them but at the end they still ignore it. Much better to focus on your investment and don't take to much unnecessary attention since it will just bother you. Bitcoin is really the king no doubt for that and it always good that we have some share save for future since provably that there's huge chance for us to earn with this since holders is always the winner if we base on past profits result from people who engage with bitcoin long term investment.

[Justbillywitt]

Hopefully, none of us are claiming to know anything or trying to guess, especially short term BTC price movements, so if we generally have some ideas that bitcoin prices are likely to be higher 4-10 years or longer as compared to what they are today, and we also have a general expectation that the amount of the BTC price increases is likely to be at least better than the debasement of the dollar, then perhaps it would be better to have some allocation in bitcoin, including money that we don't mind tying up for 4-10 years or longer.

I doubt that we are really predicting, yet we can still try to figure out our position size in such a way that we realize that the most that we could lose is 100%, and so we just kind of hope it works out in our 4-10 year or longer investment timeline..and that we will be in better position for having had invested into bitcoin as compared to if we had not invested into bitcoin.

And this is right, because there is constant inflation in the world and even the dollar is depreciating. Of course, banks in our countries offer each of us deposits in dollars, but they have very small interest rates, especially since the condition for storing is giving your own money to the bank.
Therefore, it is much better to invest in Bitcoin, and for both experienced and beginners, the best approach is to periodically buy without trying to guess the bottom of the price in the current period.

This problem is now very common in developing countries where common people do not feel safe keeping money in banks. There are many banks in our country which are waiting to declare themselves bankrupt. There are also many customers who have deposited their entire life money in a single bank that now the bank is not giving them cash and when they ask the bank about this, the bank directly tells them that they have a cash crisis right now. My point is that I put my money in the bank for safety, if I can't withdraw that money from the bank when I need it, then why I put money in this bank.

Bitcoin investment is never in anyway against keeping certain amount of your money in the bank.  Since you can't invest all your money in bitcoin, as you are definitely going to build up some fiat reserves, which is what what we spend in our individual countries. There are various reasons for keeping money in the bank, and the most common one is for safe keeping to avoid being attacked by armed robbers. If the banks explain to their customers that they are having cash crisis, that doesn't mean that the customers can't access their money. You can transfer your money to other banks or if you want to make payment that requires large amount of money, you can make inter bank transfers to your clients. What I see here is that the banks are trying reduce the amount of cash in circulation by adopting a cashless policies. Provided that your account is not blocked you can access your funds in many ways other than cash.
 

Now maybe the customers of these banks are asking themselves this question but they are not getting the correct answer from the bank authority. 
If these customers had invested in bitcoins instead of keeping money in the bank, their profits would have multiplied as well as they could have withdrawn the money whenever they wanted.

What if those money in question are the money they need to run their daily lives, or they are the money that they have set aside as emergency funds and reserve funds? Should they have also invested it in bitcoin, and be withdrawing from there anytime they like? Knowing too well that these money are not supposed to be invested in bitcoin. And you know that for someone to see a reasonable amount of profit in bitcoin, they have to hold it for at least a full circle. So if they invest it and be withdrawing daily from it, are you not turning them into day traders? And is it not the same fiat that they still need to spend in your country? Especially if bitcoin is not a legal tender in your country. Won't they still rely on the bank for fiat? That most of those people have fiat reserves in the bank doesn't mean that they don't have bitcoin investment in their portfolio. There are certain areas of problems that bitcoin do solves when it comes to the banking sector. That does not include the problem of issuing fiat to bank customers.

[$crypto$]

Many just realize that its better to invest for long term with bitcoin rather than participating on any trading activities which provably put them on unknown situation since every short term movements people take bring them huge risk to lose money especially that market is so unpredictable or volatile.

If they doubt that bitcoin is best asset to invest then that means they don't have knowledge about bitcoin. Maybe don't try to explain bitcoin to those people who don't believe since its like you are trying to hard sell this to them but at the end they still ignore it. Much better to focus on your investment and don't take to much unnecessary attention since it will just bother you. Bitcoin is really the king no doubt for that and it always good that we have some share save for future since provably that there's huge chance for us to earn with this since holders is always the winner if we base on past profits result from people who engage with bitcoin long term investment.

Trading is high-risk, it can be anxiety-inducing and energy-draining as monitoring the market at all times can be stressful for traders especially when the market is volatile.
And it is better to invest enough to be safer and calm our minds.

Actually there are still many of them doubt bitcoin as a long-term investment, I don't even care about that the important thing is to have confidence that investing in bitcoin will be more profitable in the future then now just collect more by means of any strategy you can afford.

I won't even think about other people who don't believe, it's better to ignore people like that, maybe he will regret it later when the price is still cheap but still doesn't buy because of doubts.

The important thing is how we grow the portfolio will be better.

[Agbamoni]

This problem is now very common in developing countries where common people do not feel safe keeping money in banks. There are many banks in our country which are waiting to declare themselves bankrupt. There are also many customers who have deposited their entire life money in a single bank that now the bank is not giving them cash and when they ask the bank about this, the bank directly tells them that they have a cash crisis right now. My point is that I put my money in the bank for safety, if I can't withdraw that money from the bank when I need it, then why I put money in this bank. 

Now maybe the customers of these banks are asking themselves this question but they are not getting the correct answer from the bank authority. 
If these customers had invested in bitcoins instead of keeping money in the bank, their profits would have multiplied as well as they could have withdrawn the money whenever they wanted.

This is the major reason why investor nowadays are migrating from investing in the bank to Bitcoin investment. Since they have decided to full custody of the money in the bank any opportunity these investors have to remove their fund they will quickly do that and shift all their fiat into Bitcoin. Soon the bank will lose the level of trust and number of customers. As Bitcoin adoption has increased, everyday more and more individuals would prefer to keep simple cash in Bitcoin, accept payments, make transactions like gadget sales and marketplace buys without needing to involve the bank. We are able to control and own our money instead which is what everybody wants. The only things we can think about would be credit ratings and the ability to borrow money which we know there will be a delay in processing.

To me, it does not seem to be worth it to be fucking around with bitcoin in those kinds of trader ways, even though surely bitcoin is a more solid asset class, but still should not suggest that it is better to trade merely because it is a more solid asset class. ... but instead bitcoin being a solid asset class likely justifies that guys should not be fucking around and even trying to trade it, especially if they are in their earliest of stages of BTC accumulation and perhaps even if they are in their later stages of BTC accumulation, especially if they perceive themselves to still not have enough BTC.

It may be a bit biased to completely exempt trading from Bitcoin. But yes, it is not worth it and if so there is no benefit of trading Bitcoin. Bitcoin is the right asset if we are against inflation, it is an asset that can grant financial freedom since its the best investment for 10 years to 20 years period. If we also want full control of our assets then its no other asset than Bitcoin. We can only have otherwise if we mistakenly go into trading with Bitcoin when we ought to invest rather than trading.