Buy the DIP, and HODL!

[FATIHA]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

[EarnOnVictor]

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024. I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

[SuperBitMan]

<>

Let's say that a person similar to you (Sim_card) had been investing into bitcoin for nearly 2 years as aggressively as he is able to do, whether that is $100 per week or some other amount, and eve from time to time, such person might come across extra money that he is able to invest into bitcoin, yet he might have to weigh whether he wants to invest all of the extra money right away or if he might want to split some of the extra money into buying on the dip and/or DCA.

Investing $100 per week is about $10,000 but if by any chance he received extra money and invested it in Bitcoin his portfolio might probably be more than $10k. But I think it would be a bit hard for him (including me) to weigh if he's going to invest them at ones on during the dip or DCA. However, I would prefer to invest them all at once while using the DCA strategy, the only thing there is that I will increase the amount I want to DCA with only when I have extra free funds. Although it wouldn't be a bad idea if I invest it during the dip, I just prefer the DCA method. The reason why I won't choose the dip is because I might not have the opportunity to experience the dip for a long time.

It all depends on what you are comfortable that is why we are different and so have different preferences. Choosing to invest the total amount at once means that you have it as liquid cash at hand, in that case, I see nothing wrong with that because if you keep the money to be invested weekly, you might be tempted to use part of it for something else that is not Bitcoin, this being the major challenge of people especially in a festive period like this. To avoid such temptations, it is better to convert the funds to Bitcoin at ones and spend only the money budgeted for festivities without going beyond budget.

The DCA method of investing in Bitcoin is a great option for all but those who have predictive cashflow like salary will enjoy is so much because working out their discretionary income will be very easy and straightforward since they already know how much they will be getting at the end of the month or week as the case may be. Others with different kind of income sources can still use the DCA method but that will require some kind of calculations based on estimates which is still workable. Although, people that have such income source tend to go with lump some buying which is not also bad.

For sure, you are correct Odohu that the guys with straight-forward and regular income and expenses are going to have it way easier to establish how much BTC to buy on a regular basis, perhaps even weekly buys.

The guy with irregular income/expenses may well DCA into BTC small amounts each week, and may end up erroring on the low side to make sure that he does not make any mistakes, or maybe if he is really nervous, he might let the whole month float before he spends, which then he could invest whatever is available at the end of the month or he could spread whatever is available over the weeks of the subsequent month.. there are trade offs to any approach, and he may not even retain the exact same approach each week, yet if he is purposefully making sure to save and to develop systems for buying into bitcoin, he will likely get better at figuring out what kind of an approach is more suitable for his finances, his psychology and even his limitations in regards to figuring out short-term BTC price moves to the extent that such short term BTC price moves might affect the strategy he chooses to employ each month (or week).

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

Of course, you are never going to make any kind of fortune with $10 to $20 per month of investing, especially in the short term, and perhaps even in the long term, the amounts are not going to be very great; however, if you continue to do as best you can with the amounts that you invest, and you continue to figure out ways that you might be able to increase your income and/or cut your expenses, you may well start to see that after a few years investing, that you are really starting to build up a decent-sized stash, and sure part of the stash will be from your ongoingly putting value into it, yet other parts of the stash might be realized through a kind of compounding effect on the value that might happen over a decently long period of time, so that even relatively small amounts of value end up adding up to considerable amounts of value. .and the main reason happens to be the passage of time and your ongoing adding to it with a kind of commitment to making sure that you are adding rather than subtracting.

I remember going through a period of tight cashflows through most of the first half of 2015, and really I did not start to feel that I was out of those tight cashflows until the BTC price had returned to going up at the end of May in 2016, and so through much of that time, I would not really have any extra money to buy BTC, yet I still made it a point that every time that I had some extra money, even if I had gotten $20, $100 or $300 from some kind of an inflow of cash, I would immediately divide that amount in half, and buy bitcoin with half, and put the other half towards aspects of my monthly budget that would not necessarily be resolved until the end  of the month.  So through much of 2015 BTC was less than $250 per bitcoin, so the amounts of half of $20, $100 or $300  would be $10, $50 or $150 and resulting in about 0.04 BTC, 0.2 BTC  and 0.6 BTC respectively.   At the time, it seemed as if I was making very little progress, yet if we add up the whole amount, if I had a couple of weeks in which I was able to buy $210 worth of BTC based on those above numbers, then I ended up with 0.84 BTC from that $210, which now days there is a lot of benefit that came from having had stacked away that bitcoin and to have had held onto it.

Sure, not every one has been ready, willing and/or able to hang onto the BTC that he was able to buy in 2015, which is nearly 10 years ago, yet those 10 years make a difference and we might not have had felt that we were making very much progress in our BTC stacking sessions from 2015... but our persistence, consistency and ongoing focus ended up paying off in the past 10 years.  

The amounts that we invest do not need to be the same, the timeline in which we invest does not need to be the same, yet we can try to figure out, even from some of our irregularities in regards to how much money we might have available and to figure out whether we are able to put into bitcoin without worrying ourselves about whether the bitcoin price is going up, down or sideways in value in the short-to-medium term.

Sir JJG your story about your Bitcoin accumulation journey is impactful when you said that there was a time when you don't have extra money to purchase Bitcoin but still any Time you have some extra money, even if is $20, $100 or $300 from some kind of an inflow of cash you got you would immediately divide that amount in half, and buy bitcoin with half, and put the other half towards aspects of your monthly budget, this shows how dedicated and committed you are in your accumulation, and I have learnt something from this your story when ever I have extra cash that is not coming from my monthly salary I will just divide it and then use half to buy Bitcoin and the other half for my monthly expenses, when I will get my salary for the month I will then have more discretion income because I have already settled some of my monthly expenses with the extra cash I got which was not my salary, this will help me in accumulating more Bitcoin because the bigger my discretionary income for any month the Bigger the amount I will use for accumulation for that month.

You are right when you invest with such money that you won't have to worry about if Bitcoin price is going up, down or sideways it will help you hold your Bitcoin for more years to come, people that hold form 2015 or 2016 till date didn't worry about Bitcoin going up or down and that's because they invited with just there discretionary income.

[betswift]

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024. I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

If it's okay for you to stay afloat and all the needs that you've got, the ones that come by suprise sometimes too - then you are a legend.
I hope to see more from you and where it would lead in the end. It will be glorious 

[Moreno233]

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

Don't worry about the asset being trust and ignore every other thing called "asset" and buy Bitcoin because that is the focus here. Buy the DIP and HODL simply means buy Bitcoin and HODL. There is no point giving attention to anything  thereby bordering ourselves on if the asset is trustworthy, as we know, Bitcoin is trustworthy and anyone that cannot trust Bitcoin cannot trust any other thing.

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024.

How were you able to survive, I mean pay rent, feed, cover medications and other important expenditure using only 15% of your income? Could it be that you are so rich that 15% of your income is enough to cover your needs and still enable you set aside some emergency funds or you were using the method I used then which involved converting most of the funds to Bitcoin and when issues hit, you sell part of the Bitcoin to solve them? I used this method before but it was not effective, hence the DCA method became the missing link I found in my journey in Bitcoin investing.

I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

You seems to have been mistaken or limiting the DCA method greatly because from what I know about the DCA method, you would have still achieved the same result or even better result should you have adopted the DCA method with the same amount of money you were investing using the lump sum method. The DCA method does not mean you have to invest small amount of money rather it allow the investor make regular investment with total amount spread over a period of time. If you have $10k to invest and you decide to buy at once, the person that decide to spread the investment into 10 weeks of $1k weekly investment would have still achieved $10k invested into Bitcoin after the 10th week. He might even get some at prices lower than your entry which mean means he would have more Bitcoin for the same $10k investment than you that bought at a spot.
[/quote

[john_egbert]

Don't worry about the asset being trust and ignore every other thing called "asset" and buy Bitcoin because that is the focus here. Buy the DIP and HODL simply means buy Bitcoin and HODL. There is no point giving attention to anything  thereby bordering ourselves on if the asset is trustworthy, as we know, Bitcoin is trustworthy and anyone that cannot trust Bitcoin cannot trust any other thing.

The main portion of any portfolio should be Bitcoin, in my opinion.
Anything else would be an addition to it.
 
There are of course those who try to make an alt breakthrough, but it usually ends up in something not good. And it's not as stable as to invest in Bitcoin.

[rachael9385]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

You have a point on what you said about the DCA method, but the DCA method can only help when you invest on Bitcoin for the long term, as it doesn't matter whether you are buying Bitcoin at a lower rate or a higher rate. However, the DCAing method helps reduce emotional stress for a gambler, especially one who always feels bad whenever he's losing his capital in an investment. Actually, why I like the DCA method is because it makes you disciplined as you need to invest constantly with the amount you can afford to invest with. If one invests through the DCA method on Bitcoin for a short term, the person will probably lose his capital because only those who don't have the patience to invest for a long term, and they are so emotional that they can not withstand the pressure of seeing their capital being lost in an investment.

The way the DCA method favors an investor is if the person has a long-term perspective and also invests a specific amount and also invests in Bitcoin regularly.

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

Bitcoin is trustworthy and anyone that cannot trust Bitcoin cannot trust any other thing.

Correct
But the thing is, we can't force anyone to trust Bitcoin. There are folks that don't trust Bitcoin because they have labeled Bitcoin as (crypto). I have a friend that said "Bitcoin is crypto, and it can not be trusted because your capital might be gone within seconds". So, we can't force those kind of people to make wse decisions with Bitcoin. We can only give them advice but can't force them to take advantage of Bitcoin.

However, if one is looking for a safe investment to start, it's probably Bitcoin, because Bitcoin is a trusted asset and anyone who cannot trust Bitcoin can not trust any other investment (just like you have said previously). One needs to focus on Bitcoin alone.

The topic above simply means that we should buy Bitcoin at the dip and hodl it. HODL simply means "Hold On For Dear Life", and truly, we need to hodl Bitcoin till dear life because it's a good store of value.

[hero_the_bossman]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

A person won't get much if he would invest in Bitcoin short-term. And a person probably doesn't understand Bitcoin if he invests into it that way.
Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.

[sotelorene]

A person won't get much if he would invest in Bitcoin short-term. And a person probably doesn't understand Bitcoin if he invests into it that way.
Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.

You are partially right though but the truth is we can not tell for sure if someone will not get much if they invest in bitcoin for short term, remember the market is very volatile that is why it is not certain and your definition of not getting much is what i do not really understand because you can not actually tell what is much and what is not for another individual perhaps some do not invest in short term with the intention of getting much perhaps some invest just to have something reasonable in return. investing in bitcoin for short term does not mean lack of bitcoin understanding rather it is choice and everyone investor has different choice and approach so saying they do not understand bitcoin is a wrong statement remember not everyone has the patient to invest and wait for a very long time and investing with the DCA or Lump sum method you do not need too many analysis or information rather just ensure to keep your reserve and emergency funds and have a good management skill you are  good to go...

[CageMabok]

If it's okay for you to stay afloat and all the needs that you've got, the ones that come by suprise sometimes too - then you are a legend.
I hope to see more from you and where it would lead in the end. It will be glorious 

A person who is able to understand and can bring himself to stay okay in any condition can indeed be called a pretty extraordinary person because that person is able to make adjustments to himself to the situation that is happening. Actually, anyone can survive and fulfill any needs that are desired as long as their focus and consistency never disappear towards the goals and plans that have been made previously. You can follow some of the methods that have been used by successful people in order to understand the path they have taken and also to be able to know about what are the weaknesses of the plans that we have made.

The main portion of any portfolio should be Bitcoin, in my opinion.
Anything else would be an addition to it.
 
There are of course those who try to make an alt breakthrough, but it usually ends up in something not good. And it's not as stable as to invest in Bitcoin.

The main portion is indeed better for Bitcoin, while the rest can be considered as snacks that are only taken at certain moments for the purpose of small profits in the short term. As for Bitcoin, this should be the main focus of investors because they have a longer target for more profits although anyone can use profits from other things to buy Bitcoin.

[PremiumcryptoHub]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

Although you have discussed the DCA investment method in detail, seems to have missed a few points here. Such as, to invest in DCA method one must first ensure a source of income and to invest in this method you must hold your investment for long term. As we buy small amount of bitcoins through DCA strategy, everyone is advised to invest in this method for long term investment. If the investment is long-term, even if you buy a small amount of bitcoins, it will eventually become a lot more bitcoins, which means that your investment portfolio will be much larger.

Before investing, this may be very important that the wallet we will use for investment, that is, the wallet in which we will deposit our bitcoins, must ensure the security of the wallet.

[Futurexxx]

A person won't get much if he would invest in Bitcoin short-term. And a person probably doesn't understand Bitcoin if he invests into it that way.
Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.

     investing in bitcoin for short term does not mean lack of bitcoin understanding rather it is choice and everyone investor has different choice and approach so saying they do not understand bitcoin is a wrong statement remember not everyone has the patient to invest and wait for a very long time and investing with the DCA or Lump sum method you do not need too many analysis or information rather just ensure to keep your reserve and emergency funds and have a good management skill you are  good to go...

One thing you need to understand is that their is no short term investor as you claimed, it's either you are Bitcoin investor that buy and hold for a very long time or you are a trader that buys and sells for minimal gains which have no significant effect on your finances, so those people that called themselves investors that sell at every price increments is nothing but a trader not an investor.
Because the way Bitcoin is wired, it's best to buy and hold for a very long time in other to reap the full dividend of your investment, not selling prematurely as they usually does.

[Ruttoshi]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

In addition to what you said, DCA gives you the opportunity to accumulate more bitcoin overtime because you are always buying weekly or monthly regularly. There is power in small gathering and allowing it to accumulate overtime, because it's done bit by bit and make you flexible with your bitcoin accumulation without feeling as if you are investing. DCA strategy is just like you are laying a brick to fence your house. You have to put the bricks one after the other till he gets very high. Same applies to bitcoin investment when using DCA method. DCA disciplines you on how to manage your income.

Before investing, this may be very important that the wallet we will use for investment, that is, the wallet in which we will deposit our bitcoins, must ensure the security of the wallet.

It's not important for a brand new investor to know about wallets first before investing, because wallet is technical and that can waste his time on getting started immediately with his discretionary income that is already on ground for him to start.

A new investor can still be leaving his bitcoin in an exchange for it to continue accumulating, and at the same time learn about the best wallet he can use when he as he is investing. Note that small DCA buying shouldn't be transferred immediately into your self custody wallet to avoid too many small UTXO, which will lead to very expensive transaction fees in future.

[Bd officer]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

Although you have discussed the DCA investment method in detail, seems to have missed a few points here. Such as, to invest in DCA method one must first ensure a source of income and to invest in this method you must hold your investment for long term. As we buy small amount of bitcoins through DCA strategy, everyone is advised to invest in this method for long term investment. If the investment is long-term, even if you buy a small amount of bitcoins, it will eventually become a lot more bitcoins, which means that your investment portfolio will be much larger.

Before investing, this may be very important that the wallet we will use for investment, that is, the wallet in which we will deposit our bitcoins, must ensure the security of the wallet.

Yes it is most important, wallet security must be carefully maintained. DCA is the best way to invest in Bitcoin. Now you must have an income source, because if you don't have an income, where will you get the money to buy Bitcoin? Now if you invest in Bitcoin you must plan to hold for the long term. Those who have invested in Bitcoin and held it for a long time and still hold it are currently in huge profits.

I will not look at many pasts who started investing from 2020 and still invest in DCA strategy and now they are in huge profit. The price of bitcoin will increase even more in the future, hopefully at some point the price of bitcoin will be 1 million dollars. So investing in Bitcoin with DCA method and holding for long term can be very profitable in future. Those who invest in Bitcoin and cannot hold for long will regret it in the future. So buy bitcoin and hold for long term.

[Uhwuchukwu53]

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

In addition to what you said, DCA gives you the opportunity to accumulate more bitcoin overtime because you are always buying weekly or monthly regularly. There is power in small gathering and allowing it to accumulate overtime, because it's done bit by bit and make you flexible with your bitcoin accumulation without feeling as if you are investing. DCA strategy is just like you are laying a brick to fence your house. You have to put the bricks one after the other till he gets very high. Same applies to bitcoin investment when using DCA method. DCA disciplines you on how to manage your income.

Before investing, this may be very important that the wallet we will use for investment, that is, the wallet in which we will deposit our bitcoins, must ensure the security of the wallet.

It's not important for a brand new investor to know about wallets first before investing, because wallet is technical and that can waste his time on getting started immediately with his discretionary income that is already on ground for him to start.

A new investor can still be leaving his bitcoin in an exchange for it to continue accumulating, and at the same time learn about the best wallet he can use when he as he is investing. Note that small DCA buying shouldn't be transferred immediately into your self custody wallet to avoid too many small UTXO, which will lead to very expensive transaction fees in future.

The truth remain that no body operate Bank without account number, wallet is the account number for proper saving of your Bitcoin it's actually two sided in the area of gas fees while running small transmission as gas fee will be very high also keeping or allowing your asset on exchange too can be dangerous is like storing physical cash in your house instead of taking it to the bank, just as we human know that given your asset to be hold by external body no matter how trust is built on the person when any thing happened your mind will first runs into the person holding your asset. Exchange has never been a good place to keep your asset no matter how small it could be weather the person is newbies, the best is to learn speedily on how wallet can be used to safeguard his asset and store it's asset without any middle man because I see anything exchange as middle man when keeping asset, though it could be very risky for newbies who lack knowledge on how to handle self custodian wallet as if proper care is not taking could lost everything but having 100% confidence rely on when wallet is used not exchange be it a newbies.

[ginsan]

~~~
Sure, not every one has been ready, willing and/or able to hang onto the BTC that he was able to buy in 2015, which is nearly 10 years ago, yet those 10 years make a difference and we might not have had felt that we were making very much progress in our BTC stacking sessions from 2015... but our persistence, consistency and ongoing focus ended up paying off in the past 10 years. 

Yes sir, of course many early investors failed to hold BTC and there are also many early investors who have succeeded in holding their BTC until now, maybe not 100% of their assets but 20%, including investors who have been successful in overcoming many obstacles in the last 10 years.

I admit that sometimes our minds are not able to overcome all the obstacles that exist and it is a bad decision that he makes by giving up his BTC holdings. Also on the one hand, it could be that they want to have luxury goods, luxury houses and luxury cars, so they sacrifice everything with what they have built in the past 10 years.

So the successful are those who manage to set aside their BTC for their old age, that is their greatness. I want to refer to myself like them, hopefully with the existing mentality and previous experience I can hold BTC for a long time.

[topbitcoin]

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024. I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

That's the point, as long as we can buy bitcoin regardless of whatever scheme is done as long as you are comfortable then do it as long as you don't make it seem as if everything stops in bitcoin like you did because for me leaving 15 percent is quite crazy and too aggressive a step to take even though for now you must have felt pretty good results. Hopefully you can still hold your assets now because after all when you release all ownership then that means you will not be able to get back the bitcoin that you already have because it doesn't belong to you anymore.

But for the future even though all the ways, be it DCA or other strategies in buying it are still quite good, we still have to pay attention to our financial condition because for me the way you do it by leaving only 15 percent of everything you have is the most extreme way and I will dare to guarantee that I can't do that and don't even want to do it

[JayJuanGee]

I do agree, it's not like DCA is etch on stone, for small investors like the majority of us, we could used a tweak and see how it will fit on our budget. Maybe can can start small and make some adjustments based on our regular income. The key here is to be consistent, $10 or even $20 a month that wouldn't hurt your budget and see how it goes. For all you know, it will grow significantly over time due to compounding. So even with limited resources, you can still used this method each month or weeks and be as effective like those whales or institutions. Again, there is no secret here,  just focused on long-term growth, and DCA will be your friend.

I love this. The DCA approach is just an approach, there are many other approaches to invest wisely, the main consideration is for the asset to be trusted. Thankfully, Bitcoin is a trusted asset and investing similarly to what you explained helped me mainly between 2022 and 2023, and part of 2024.

What I did was to convert almost all the money in my bank account to Bitcoin, I only reserved about $100 (after conversion), it was crazy .

I continue to deposit about 85% of any money that enters my account into Bitcoin those years. I practically made Bitcoin my true saving account and it even helped me to avoid unnecessarily spending for I was so determined to do it until a point in 2024. I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

Sure, there is nothing wrong with front-loading your BTC investment, when you are able to, yet not everyone is in a position (either financially and/or psychologically) to front load their bitcoin position.  They also might not have good cashflow management skills in place to just jump straight into bitcoin with seemingly high allocations that might be appropriate for your situation, yet less appropriate for others, including that many folks have difficulties even saving/investing 10% of their income, so sometimes they may well need to walk before running to merely get used to setting money aside for investing/saving, whether in bitcoin or otherwise.

Personally, I suggest that beginners to bitcoin can come in with 5% to 25% of their income into bitcoin, yet they surely have to figure out if even my own recommended range works (and is appropriate) for their personal circumstances, and in the end each person is responsible for his own choices of both whether to invest in bitcoin and how much, and surely many of us suggest to get off zero and to get into some kind of a beginning range (such as 5% to 25%), yet there still is an overwhelming majority of normies who are still stuck at either zero or very low levels of allocations to bitcoin.

[edited out]

Sir JJG your story about your Bitcoin accumulation journey is impactful when you said that there was a time when you don't have extra money to purchase Bitcoin but still any Time you have some extra money, even if is $20, $100 or $300 from some kind of an inflow of cash you got you would immediately divide that amount in half, and buy bitcoin with half, and put the other half towards aspects of your monthly budget, this shows how dedicated and committed you are in your accumulation, and I have learnt something from this your story when ever I have extra cash that is not coming from my monthly salary I will just divide it and then use half to buy Bitcoin and the other half for my monthly expenses, when I will get my salary for the month I will then have more discretion income because I have already settled some of my monthly expenses with the extra cash I got which was not my salary, this will help me in accumulating more Bitcoin because the bigger my discretionary income for any month the Bigger the amount I will use for accumulation for that month.

Of course, you need to have pretty good assessment of your cashflow management in order to figure out which portions of your income are extra amounts that are coming in, so even though I had a system in which I divided any of my "extra" amounts into half, some other proportion might be more appropriate to your circumstances in order for you to keep your level of proportion of your BTC accumulation level at a level of aggressiveness that you feel is good for your particulars... which for each of us might be:  "How aggressive can I afford to be in my ongoing BTC accumulation levels (practices), without over doing it?"

You are right when you invest with such money that you won't have to worry about if Bitcoin price is going up, down or sideways it will help you hold your Bitcoin for more years to come, people that hold form 2015 or 2016 till date didn't worry about Bitcoin going up or down and that's because they invited with just there discretionary income.

People from the earlier times (including in 2015 and 2016) were making similar if not the same mistakes as they are today. 

There were some folks who are aggressive in their BTC accumulation, others who were whimpy, others who were bitcoin naysayers, others fucking around with shitcoins, others who were trying to trade bitcoin, and so even though in current times, we have a lot of BIGGER players entering the bitcoin scene, there are a lot of ways that bitcoin newbies are continuing to screw up in similar ways as they did in 2015/2016 in terms of thinking that they are too late and other nonsense that contributes to their ongoing failure/refusal to  get started in their bitcoin accumulation journey (or to make sure that they are sufficiently aggressive in their bitcoin accumulation journey, without overdoing it).

[edited out]
I am happy about this approach today because I wouldn't have done more if I only stuck to a DCA approach.

You seems to have been mistaken or limiting the DCA method greatly because from what I know about the DCA method, you would have still achieved the same result or even better result should you have adopted the DCA method with the same amount of money you were investing using the lump sum method. The DCA method does not mean you have to invest small amount of money rather it allow the investor make regular investment with total amount spread over a period of time. If you have $10k to invest and you decide to buy at once, the person that decide to spread the investment into 10 weeks of $1k weekly investment would have still achieved $10k invested into Bitcoin after the 10th week. He might even get some at prices lower than your entry which mean means he would have more Bitcoin for the same $10k investment than you that bought at a spot.

For sure, even though EarnOnVictor seems to be poo-pooing DCA as a method, there are going to be times in which front-loading your investment into bitcoin will be much advantaged over DCA, and especially we can see in retrospect that if the BTC price had mostly gone up, then we would have had been better to buy more in the earlier times (aka front-loading) rather than spreading our BTC buys out over time.

Of course, there are a few flaws in EarnOnVictor's seeming attempts to brag about his frontloading, which is that many folks may well not be in a position to either frontload or to lump sum, and DCA is the best that they are able to do in order to buy as many bitcoin as they can and as aggressive as they can as their income comes in.  Many times even guys who frontload their investment into bitcoin will be advantaged by continuing to DCA and/or buying on the dip.... so yeah, resting on the laurels of having had frontload invested into bitcoin comes off as a trading rather than investing mentality that could end up contributing towards guys losing their BTC investment focus, since even front loading might not be enough to get someone close enough to something like a fuck you status or some level of bitcoin stack/stash building that could well take 4-10 years or more just to build towards being in a decently good place, even with having had done some front-loading of it.

Another thing is that we really cannot know which way the BTC price is going to go, so frontloading might not be the greatest idea if the BTC price ends up going down rather than up. In any event, we should attempt to not get too distracted by guys who seem to be bragging out their intra-cycle profits, since it seems to largely be an attempt to get us into a trading rather than an investment mindset, which many times, it ends up distracting many of us from our needs to focus on ongoing BTC accumulation and not getting too worked up about whether our BTC holdings are in profits or not, especially if we are still in the first 1-2 cycles of accumulating bitcoin and/or investing into bitcoin, even though surely there could be some folks who are able to frontload their BTC investment, even in their first cycle, yet I doubt that it is even productive to get distracted by those guys or those kinds of ways of thinking about your bitcoin holdings, unless for some reason you might consider yourself to fall in such a situation that it becomes potentially relevant rather than largely a distraction to what an overwhelming majority of newbies should be trying to stay more focused on their BTC accumulation process rather than getting distracted into speculating whether trading might be a way for them to deal with the management of their BTC portfolio.

Don't worry about the asset being trust and ignore every other thing called "asset" and buy Bitcoin because that is the focus here. Buy the DIP and HODL simply means buy Bitcoin and HODL. There is no point giving attention to anything  thereby bordering ourselves on if the asset is trustworthy, as we know, Bitcoin is trustworthy and anyone that cannot trust Bitcoin cannot trust any other thing.

The main portion of any portfolio should be Bitcoin, in my opinion.
Anything else would be an addition to it.
 
There are of course those who try to make an alt breakthrough, but it usually ends up in something not good. And it's not as stable as to invest in Bitcoin.

If you are talking about bitcoin versus shitcoins, then you better not be fucking around with more than 10% of the value of your bitcoin in shitcoins, and even 10% might be too much, yet surely some guys do like to gamble and/or they get distracted into shiny baloney and shitcoin talking points, so yeah, even if some guys might try to limit themselves to 10%, they might get lured into more into shitcoin based on the usually dumb talking points or even thinking that they can trade it or thinking that the shitcoin is a long term rather than a short-term proposition.

[edited out]

However, if one is looking for a safe investment to start, it's probably Bitcoin, because Bitcoin is a trusted asset and anyone who cannot trust Bitcoin can not trust any other investment (just like you have said previously). One needs to focus on Bitcoin alone.

I agree with the idea of focusing on bitcoin first, and learning about bitcoin first, yet we should not blindly trust bitcoin, so we have to be considerate about figuring out our BTC position size in accordance with our building confidence in how we might end up choosing to allocate into bitcoin and the process can take a while to build confidence in bitcoin, even if we might start out investing into bitcoin as soon as possible, I would think that any of us should be trying to learn about bitcoin in order to increase our confidence in it and to be able to feel more comfortable, with the passage of time to increase our level of aggressiveness in investing into it... I doubt that we can automatically have confidence in bitcoin without having any clue about some aspects of what bitcoin is beyond just recognizing it as a word.

The topic above simply means that we should buy Bitcoin at the dip and hodl it. HODL simply means "Hold On For Dear Life", and truly, we need to hodl Bitcoin till dear life because it's a good store of value.

That is a dumb expression to proclaim that HODL means hold on for dear life, which makes it sound as if bitcoin were some other shitcoin, which it is not. 

Some dumbass from mainstream media started to spread the idea that HODL is hold on for dear life because they had no fucking clue about bitcoin, beyond seeing that it is volatile and wanting to emphasize the volatile aspect of bitcoin.  Sure bitcoin is volatile, but bitcoin is more than just volatile, and we should try not to get trapped into misleading characterizations of bitcoin merely based on some mainstream attempts to group bitcoin with shitcoins.

DCA is a highly effective strategy that provides investors with stress-free and regular investment opportunities. It’s a method where you invest regularly in a certain amount of money that doesn’t depend on market fluctuations. The biggest advantage of DCA is that you don’t worry or worry over the price. You can make long-term investments by handling it at a specific time of the month or week, so your average price may decrease with time. It’s a stress-free process, such as if you buy Bitcoin for $20 and the next week’s price is $10, there’s no problem, because you think it’s a long-term savings for the future. If you follow a specific routine of savings, that is, if you invest regularly together, you cannot worry about market fluctuations and your savings will increase. In addition, DCA gives you peace of mind, because your average entry price becomes more controlled and reliable.

A person won't get much if he would invest in Bitcoin short-term. And a person probably doesn't understand Bitcoin if he invests into it that way.
Before doing steps like that and DCA or buy in lumps, a person should consider all the risks, analyze a big chunk of info needed, and keep acting toward the goals in his mind.

Your quoting seemed to have been wrong, and I think that I fixed it, and you seem to be wrong @hero_the_bossman if you believe that there is some kind of a need to study BTC prior getting started with DCA or if you believe that getting into bitcoin in a short-term kind of a way is a good approach to bitcoin investing.  If we are talking about investing rather than trading, then we likely should be striving to consider our bitcoin investing timeline to be 4-10 years or longer, so if we are considering less than 4 years, then we likely would be considering our bitcoin involvement as a trade rather than as an investment.

[Odohu]

~~~
Sure, not every one has been ready, willing and/or able to hang onto the BTC that he was able to buy in 2015, which is nearly 10 years ago, yet those 10 years make a difference and we might not have had felt that we were making very much progress in our BTC stacking sessions from 2015... but our persistence, consistency and ongoing focus ended up paying off in the past 10 years. 

Yes sir, of course many early investors failed to hold BTC and there are also many early investors who have succeeded in holding their BTC until now, maybe not 100% of their assets but 20%, including investors who have been successful in overcoming many obstacles in the last 10 years.

I admit that sometimes our minds are not able to overcome all the obstacles that exist and it is a bad decision that he makes by giving up his BTC holdings. Also on the one hand, it could be that they want to have luxury goods, luxury houses and luxury cars, so they sacrifice everything with what they have built in the past 10 years.

So the successful are those who manage to set aside their BTC for their old age, that is their greatness. I want to refer to myself like them, hopefully with the existing mentality and previous experience I can hold BTC for a long time.

How long you can hold your Bitcoin depend on a lot of factors some of which I will explain as follows:

• The purpose for which the investment was made like if you bought as a returement plan, to save for your heirs or just because others are buying or because of the hype. Indeed, people buy Bitcoin for different purposes and they hold towards such motivations.
• The money used in buying the Bitcoin, if it is money that can be kept in Bitcoin for a long time or not. If the investor uses discretionaryincome to buy Bitcoin, such investor will hold Bitcoin longer and better than someone who uses money meant for basic needs to buy Bitcoin. This is why it is advisable to only buy Bitcoin with discretionary income.
• Provision for emergency funds which is money set aside to cover any emergency that may arise that was not planned for when making the investment. This is important because it will help protect the investment from sudden liquidation when the investor run into a situation that requires money and cannot just wait. The emergency fund is very important and hoghly recommendedfor every investor that wants ti hold Bitcoin for a long period of time.

[SmartCharpa]

Sir JJG your story about your Bitcoin accumulation journey is impactful when you said that there was a time when you don't have extra money to purchase Bitcoin but still any Time you have some extra money, even if is $20, $100 or $300 from some kind of an inflow of cash you got you would immediately divide that amount in half, and buy bitcoin with half, and put the other half towards aspects of your monthly budget, this shows how dedicated and committed you are in your accumulation

You are right when you invest with such money that you won't have to worry about if Bitcoin price is going up, down or sideways it will help you hold your Bitcoin for more years to come, people that hold form 2015 or 2016 till date didn't worry about Bitcoin going up or down and that's because they invited with just there discretionary income.

If I understand properly, @JayJuanGee did not say that it is a bad idea to continue accumulating your Bitcoin when you are short on funds and to do so with whatever little cash you have left over. However; I believe that there is a saying that you can start building up your Bitcoin holdings with any amount you can afford, even if it is only $10 to $20 per week or month. But investing such an amount of money will not provide high returns. And if expenses are preventing you from investing a large amount of money, you should try to reduce them.

However, only individuals who are new to Bitcoin will be worried about market movements, and they must learn from those who have been accumulating Bitcoin for years and continue to hold. Using the DCA strategy to accumulate should be done consistently for a long period, whether monthly or weekly. It is unsafe for any individual to do so for a short time.