Buy the DIP, and HODL!

[Wind_FURY]

People are retarded if they are distracted into shitcoins, and this has been a phenomena that has existed through quite a bit of bitcoin's history, even going back to 2014 there were various shitcoins coming onto the scene including Ethereum sparking the proliferation of more and more shitcoins, and now various Ethereum competitors sparking new waves of shitcoins, including shitcoins being built on and pegged to bitcoin through NFTs, ordinals, runes, inscriptions etc.. .. so there are frequently going to be distractions, and surely some of the distractions are going to have had shocking levels of returns for some (non-insider) normie folks who time their entrance and their exit - but who the fuck should want to be spending his time trying to both figure out which shitcoin to get into and how to attempt to time their entrance/exit including surely some folks get distracted into trying to either be insiders or to be connected sufficiently to insiders in order to attempt to get the scoop on some shitcoin prior to other more gullible (and less informed) normies.  

Personally, I consider it a BIGASS waste of time to be trying to play the various roulette wheels of potentially 20k different shitcoins and to choose which one might have more pumpamentals than others including wasting time following supposed influencer groups or in some other way trying to get some kind of an inside scoop on some scammy project, whether it is Trump coin or some other bullshit unethical piece of crap project.  

Sure guys are going to still want to spend time on shitcoins, and my own suggestion has been that if they can at least limit their time, energies and money to less than 10% of what they put into bitcoin, then at least they might have some chances of moderating their level of distractedness, yet surely it can be difficult to save a gambler/trader from himself, since each gambler/trader has a right to figure out his strategy and even to learn that he is not smarter than everyone else when he ends up going down the trader/gambler path and figuring that he is going to be in the 1%-ish or whatever who ends up actually beating bitcoin in real terms rather than baloney made up spin numbers that they shitcoiners/gamblers frequently present to show their supposed outperformance of bitcoin blah blah  blah.

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

We are not sure about that since the point that they are into shitcoins provably that they will just find another shitcoins to invest especially if they are greedy enough thinking about they can earn with this alts again.

They would never think about investing on those shitcoins if they have long patience dealing with good investment. Since shitcoins is for short term. To bad for them if they HODL those bad options since provably that they have less chance to recover knowing that to many rug pulls on that scene. More better for people to erase some bad thoughts that they can easily earn a lot of profit or get rich with those shitcoins since provably what they experience first is they get broke with it if bad luck hit them.

If they don't change their viewpoint, then they will learn - the HARD WAY - that they have wasted their time and money by HODLing those shitcoins.

 

If I was very stubborn and continued HODLing Decred until today, I would probably be looking at Bitcoin's graph and get more anxiety than the anxiety of a Bitcoin crash. Haha. Although Decred's Core Developers had good intentions and they are good in what they do, Decred is still a shitcoin compared to Bitcoin.

[Gallar]

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is inve. sting a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

Okay, so you're saying DCA is like making a bunch of small, separate lump sums.  Kinda true, but it's different.  Lump sum is ONE big investment. DCA is many small ones, spread out.  It's like the difference between dumping a bucket of water all at once versus slowly pouring a glass at a time.  Both get you water, but DCA is less risky.  Anyone who put a load of cash in Bitcoin years back probably knows the deal and is likely still adding to it, just like you should be.  It's all about stacking sats, whether big or small.

Yes, it is fair to say that DCA can also indirectly be said to be a lump sum purchase. Because quite a lot of people don't have a lot of cold or free money and invest bitcoins with the DCA method every week. This could actually be said to be a lump sum purchase at that point. Because basically the person no longer has any cash because he invested it in bitcoin that week. Maybe next week the person will get more money, because let's say the person who invested in DCA gets a weekly salary. However, because this person routinely buys bitcoin every week, this can be said to be DCA.

Because basically, after I researched further what DCA is, it turns out that DCA is like saving money. However, quite a few also think that in carrying out DCA we have to collect the same amount of money at each allocation time. So if you look at these factors, when doing DCA we are required to have a fixed income and the same expenses to continue to have a regular discretionary income. But I wouldn't worry about this, because the most important thing is if we do DCA on bitcoin. While we have cold money we continue to accumulate that cold money into bitcoin.

And talking about a lump sum purchase, I think if you say it's a one-time investment. Maybe this is true, but if for example that person regularly buys Bitcoin, I think that person could be said to be doing DCA too. So basically the purchasing method when investing in bitcoin can be said to have the same thing. But still there are differences.

[Y3shot]

Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

These are the same set of people that will tell you they are waiting for bitcoin price to come down low to buy bitcoin but they feel so comfortable to invest on shitcoins that has so much potentials to crash. If you don't have the real understanding of bitcoin everything will be used as reason for not being able to buy and invest. People who see bitcoin interesting to invest when the price is coming up, are only interested of it just because of greed, they want to make quick money from it but when bitcoin price is very low they do not bother to buy to invest. When the price of bitcoin goes up they will come up with a question if it is too late to invest in bitcoin.

[ejikeme24]

We have to admit that the best way to invest in Bitcoin is the DCA method, it is a good way for every investor. To hold Bitcoin for the long term we need to have confidence that Bitcoin will do well in the future, we need to take risks and be patient. What I have learned from my real experience, is to invest what you can afford to lose in order to hold Bitcoin for the long term. I invest in Bitcoin and forget that I invested in Bitcoin. So I prefer to buy Bitcoin even at this time, my plan is to continue investing with DCA method until 2029. Now everyone has a different strategy, one person's plan will not match another's.

The DCA method is very relevant for use by all investors, both investors from the lower middle economic class and the upper middle class. Because if explained more simply, the DCA technique looks like saving. However, the difference is that DCA is more well organized and has a regular time for making bitcoin purchases. That's why DCA is perfect for all bitcoin investors. Because buying bitcoin regularly means investors don't need to be afraid of price fluctuations. But in my personal opinion, DCA can also be divided into two types depending on the circumstances of bitcoin investors. The reason is that quite a few investors collect their money first, then carry out DCA and divide their purchasing time into a certain period of time. However, there are also those who carry out DCA based on the discretionary income they can get every month from their work salary. I think these two DCA methods have the same goal. But the first method may be more suitable for rich people and the second method may be more suitable for people with middle economic conditions. So with this, it is clear that DCA is a very good purchasing method for investing in bitcoin.

I personally think that inconsistencies in income and expenses could be reasons for holding back value rather than investing right away, so surely poor people have disadvantages over rich people in terms of even making sure that they have enough income to be able to invest into bitcoin, since sometimes there is not enough income to work with in terms of making sure that they are able to build an emergency fund, yet the poor person likely needs to the emergency fund more than the rich person, yet if your point was that the poor person is not able to hold any money back for an emergency fund, then the poor person is going to end up getting fucked when he has any little emergency and he has to tap into his investment prior to his intention. so emergency funds are just as important (if not more important) for poor people as compared with rich people... but yeah, it is likely that a lot of poor people stay poor because they end up using their investment as their emergency funds rather than making sure that they have enough flexibility in their cashflow to make sure that they never have to sell their BTC at a time that is not of their own choosing.. which becomes way more dangerous with any investment that is volatile, like bitcoin.

I agree with your. I prefer long-term planning with Bitcoin, so from my point of view it becomes a bit difficult for poor people to invest long-term, because they don't have enough money to invest.  However, it is more important for poor people to have an emergency fund than for rich people, as their income is less stable and unexpected expenses can further damage their finances.  If a poor person wants to invest in Bitcoin, he must have an emergency fund because his long-term investment can solve the problem from the emergency fund in case of financial problems, that's why basically every person needs an emergency fund.

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey. Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

Of course setting an emergency fund is very important during this process, because is only when we don't have any other option apart from our bitcoin investment that we can be tempted to sell after a short term of investing in bitcoin, those investors who are well prepared to go into bitcoin investment will first of all build up their emergency fund before they can start accumulating.

reason is because they don't want a process whereby after investing to an extent maybe something very emergency just pop up you know at this point you will be Left with only one option that's to sell your bitcoin to figure it out. However, as a bitcoin investor building up your emergency fund should be the first thing you need to consider before accumulating so as to avoid selling our bitcoin within a short term.

[Barikui1]

Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.

They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.

These are the same set of people that will tell you they are waiting for bitcoin price to come down low to buy bitcoin but they feel so comfortable to invest on shitcoins that has so much potentials to crash. If you don't have the real understanding of bitcoin everything will be used as reason for not being able to buy and invest. People who see bitcoin interesting to invest when the price is coming up, are only interested of it just because of greed, they want to make quick money from it but when bitcoin price is very low they do not bother to buy to invest. When the price of bitcoin goes up they will come up with a question if it is too late to invest in bitcoin.

One thing I have noticed in Bitcoin investment and also in our daily lives is that people always look for an excuse not to do what they don't want to do. Today they will say that the value of Bitcoin is too high, so they can't buy now, and when the value has dip, they will say that it's too dangerous to buy because it might dip even further, so it pointless convincing anyone to invest in Bitcoin because at this present day and time, even the haters knows that Bitcoin is on the rise, but it's mostly those procrastinating motherfucker that always sees a reason not to buy, so it's best you focus on accumulating more Bitcoin and increase your stash than convincing anyone to do the right thing which they knows already .

That's why I don't feel sorry for anyone in this crypto space that lost his money in trading or in shit coin investment, because I believe that you will only get what you deserve if you fail to gain the right knowledge and do the right thing, or if you decide to remain ignorant and less knowledgeable on certain this, at some point, your ignorant or greed for 10x or 20x will cost you dearly.

[BenCodie]

The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.

That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.

Plus from the standpoint of plebs like us, who merely get lucky because we were just in the right place, during the right time, trading profits, and trading losses, usually add to negative, OR a smaller amount of profit compared to our own projections illustrated by our own imagination/fantasies. But if we plebs truly just "get lucky", then why not Buy the DIP during a bear market, and HODL to maximize the luck.

The longer you are in it, the more of a chance you have to get lucky. You have to be in it to win it, as they say. Though what LDL said was true, trying to catch a falling knife on an altcoin/token is virtually impossible...and if it is truly a shitcoin, there is definitely no reason for it to pump more than once. Buying the dip is best for Bitcoin and well-established projects with real valuations, and there definitely aren't many of those on the index!

[Mayor of ogba]

DCA (Dollar Cost Averaging) is one of the most effective strategies for investing, so this effective strategy is used by everyone from wealthy investors to those with relatively little money. It is different for those who don't know about DCA investment till now but those who know about DCA investment strategy should definitely invest in DCA strategy instead of investing in other strategies.

You are correct that the DCA strategy is the most-used strategy in bitcoin investment, but that doesn't mean if you use other strategies in accumulating bitcoin, you won't be successful in your bitcoin investment. As far as bitcoin investment is concerned, if you are using the DCA strategy, the lump sum strategy, and the buying the dip strategy, if you have a steady income and invest in bitcoin with your discretionary income or invest in a way that you will not always struggle to sort out you daily expenses, you will surely succeed in your bitcoin investment because you will not depend on your bitcoin investment to survive. The reason the DCA strategy is mostly adopted by the rich and poor folks is because it allows them to consistently accumulate bitcoin in both the bullish and bearish states whenever their money is readily available, and the DCA strategy also helps to control investors emotions so they will not think of buying bitcoin at a high price.

[ultrloa]

The principle of all trading whether short trading or long trading is same, you have to buy in dumping market and sell the invested coins in pumping market.  But if the market is dumping again after buying then you need to hold until the market starts pumping again. However, there are some cryptocurrencies that need to be held after investing in the market for a long time.

That is not true at all.
For starters trading is very different from investing long term. What you do also depends a lot on the market. For example a shitcoin that is dumping should be avoided like the plague. There is no reason for them to get pumped again.

You are also working in reverse in "pump participation strategy". When you see the shitcoin pumping you should buy in and sell it before it starts dumping. If you buy after the dump begins hoping for another pump, you are heading for disaster.

Plus from the standpoint of plebs like us, who merely get lucky because we were just in the right place, during the right time, trading profits, and trading losses, usually add to negative, OR a smaller amount of profit compared to our own projections illustrated by our own imagination/fantasies. But if we plebs truly just "get lucky", then why not Buy the DIP during a bear market, and HODL to maximize the luck.

The longer you are in it, the more of a chance you have to get lucky. You have to be in it to win it, as they say. Though what LDL said was true, trying to catch a falling knife on an altcoin/token is virtually impossible...and if it is truly a shitcoin, there is definitely no reason for it to pump more than once. Buying the dip is best for Bitcoin and well-established projects with real valuations, and there definitely aren't many of those on the index!

That's the reason people should change their perspective that there's nothing sustainable situation on shitcoins. If they believe that there would be more rounds for pump that will on those shitcoins then provably that they are making those scam dev becoming more reaching for decision of people to catch those dumps on their shit projects. If they just decide to buy Bitcoin and Hodl it for sure that they would never participate on any stressful schemes like waiting for dumps then hoping to see for a pump to earn.

Shitcoins will never be a good option that's why its better for people to stop about thinking that they can hit some luck with it. Just go with the top and choose the best option rather than trying the risky one since its more good to invest on something we know that have great future coming ahead.

[Mayor of ogba]

We have to admit that the best way to invest in Bitcoin is the DCA method, it is a good way for every investor. To hold Bitcoin for the long term we need to have confidence that Bitcoin will do well in the future, we need to take risks and be patient. What I have learned from my real experience, is to invest what you can afford to lose in order to hold Bitcoin for the long term. I invest in Bitcoin and forget that I invested in Bitcoin. So I prefer to buy Bitcoin even at this time, my plan is to continue investing with DCA method until 2029. Now everyone has a different strategy, one person's plan will not match another's.

The DCA method is very relevant for use by all investors, both investors from the lower middle economic class and the upper middle class. Because if explained more simply, the DCA technique looks like saving. However, the difference is that DCA is more well organized and has a regular time for making bitcoin purchases. That's why DCA is perfect for all bitcoin investors. Because buying bitcoin regularly means investors don't need to be afraid of price fluctuations. But in my personal opinion, DCA can also be divided into two types depending on the circumstances of bitcoin investors. The reason is that quite a few investors collect their money first, then carry out DCA and divide their purchasing time into a certain period of time. However, there are also those who carry out DCA based on the discretionary income they can get every month from their work salary. I think these two DCA methods have the same goal. But the first method may be more suitable for rich people and the second method may be more suitable for people with middle economic conditions. So with this, it is clear that DCA is a very good purchasing method for investing in bitcoin.

I personally think that inconsistencies in income and expenses could be reasons for holding back value rather than investing right away, so surely poor people have disadvantages over rich people in terms of even making sure that they have enough income to be able to invest into bitcoin, since sometimes there is not enough income to work with in terms of making sure that they are able to build an emergency fund, yet the poor person likely needs to the emergency fund more than the rich person, yet if your point was that the poor person is not able to hold any money back for an emergency fund, then the poor person is going to end up getting fucked when he has any little emergency and he has to tap into his investment prior to his intention. so emergency funds are just as important (if not more important) for poor people as compared with rich people... but yeah, it is likely that a lot of poor people stay poor because they end up using their investment as their emergency funds rather than making sure that they have enough flexibility in their cashflow to make sure that they never have to sell their BTC at a time that is not of their own choosing.. which becomes way more dangerous with any investment that is volatile, like bitcoin.

I agree with your. I prefer long-term planning with Bitcoin, so from my point of view it becomes a bit difficult for poor people to invest long-term, because they don't have enough money to invest.  However, it is more important for poor people to have an emergency fund than for rich people, as their income is less stable and unexpected expenses can further damage their finances.  If a poor person wants to invest in Bitcoin, he must have an emergency fund because his long-term investment can solve the problem from the emergency fund in case of financial problems, that's why basically every person needs an emergency fund.

As far as bitcoin investment is concerned, both the poor and the rich investors need to set aside an emergency fund because it is what will help them to solve their unforeseen problems that may occur along their bitcoin accumulation journey. Even if they don't build up their emergency fund at the beginning of their bitcoin investment, there is no problem with it; they can go ahead and start their bitcoin investment, but they should make sure to build it up as they are accumulating bitcoin. Surely bitcoin investment is applicable on a long-term basis, so anyone who is interested in investing in bitcoin should understand that bitcoin investment is about being patient because it is only in the long run that someone can actually achieve success in bitcoin investment.

Of course setting an emergency fund is very important during this process, because is only when we don't have any other option apart from our bitcoin investment that we can be tempted to sell after a short term of investing in bitcoin, those investors who are well prepared to go into bitcoin investment will first of all build up their emergency fund before they can start accumulating.

reason is because they don't want a process whereby after investing to an extent maybe something very emergency just pop up you know at this point you will be Left with only one option that's to sell your bitcoin to figure it out. However, as a bitcoin investor building up your emergency fund should be the first thing you need to consider before accumulating so as to avoid selling our bitcoin within a short term.

Setting aside an emergency fund alone will not guarantee that you will hold your bitcoin investment for the long term. If you want to hold your bitcoin investment for the long term, you should not invest all your money into bitcoin so that you won't end up selling your bitcoin investment one day just to sort out your daily expenses. I know an emergency fund is very much important in bitcoin investment and is one of those things that will aid you to hold your bitcoin investment for the long term, but if you don't build up your emergency fund at the beginning of your bitcoin investment, it is very much okay, and you can start your bitcoin investment without building your emergency fund at first, but you have to do that along your accumulation journey so that you would always be in the position of sorting out your unforeseen problems anytime they arise during your bitcoin accumulation journey.

[Sim_card]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

Some of these shitcoiners don't learn from their mistakes, even after being kicked on the ass by shitcoins, they still remain greedy. My sister who was fucked up by the crash of late 2022, called recently and asked of promising projects to invest into since she knows I'm into the crypto world. Knowing she loves investing considerably I asked her to buy Bitcoin with 90% of the funds and scatter the other 10% in few promising projects I'll recommend, but she refused claiming that she needs projects with high yield, like 200x or more in a short while. I explained how risky it is and how it's not advisable to use all capital to chase shitcoins, but she wasn't listening.

I just told her I'll get back to her on that, but never did because I don't want to be the one to take the blame if her greed ruins her. I think it's better not to offer any suggestions since she's not ready to do the right thing and also better she doesn't invest at all than gamble with so much money.

Of course, sometimes it can be difficult with family members since we want to keep our relationship with them, yet at the same time, we also have to be concerned about how to spend our own time and energies, and most likely I would not have had told her that I would call her back, and I would not even get into any details of talking about any shitcoin, since it is a slippery slope into more conversation,  yet sure, maybe you could have had a couple of shitcoins that you considered to potentially have some abilities to go up, yet at the same time, it is way too messy to be getting involved with any shitcoins, but instead stick with a blanket recommendation for her to stay away from shitcoins, yet if she could not resist then at least she should limit her involvement in them to no more than 10%, and yeah, she is not even close to being within the same kind of thinking as you, so you likely just have to let her venture off into her own seemingly quasi-desperate kind of gambling thinking.

It is like you are not even close to being on the same page, and you could even talk with the person about investing 4-10 years or longer, and if you already know your sister to not be an old person and/or she is not with any kind of known health conditions, then you likely need to telling her that she should be thinking about bitcoin in terms of 10 years or longer and not between 4-10 years, even though sure sometimes the folks are just so maniacally focused on short returns (of perhaps a few months or maybe a year at most), so they cannot even relate to what you are saying.  

Accordingly, my practice has been to just stick to my guns and say that I cannot really help with shitcoin practices, trading, gambling and/or short term recommendations. In the end, she can do what she likes, but you are mostly suggesting at minimum a 4-year timeline, and perhaps better 10 years or more.. and also you are recommending ongoing, persistent, consistent, regular and perhaps even regular buying of bitcoin that may well last more than a whole cycle before she might be able to let off on the buying of bitcoin - depending on where she is at and/or if she is able to front load invest into bitcoin.  We know that many folks are not really able to front load into bitcoin, even though they might have some modest abilities to front load perhaps 3-6 months worth in advance.. but yeah, if her budget is something like $100 to $200 per week, then 6 months might be having cash in the ballpark of $3k to $5k to front load inject into bitcoin. whether DCA, lump sum and/or buying on dips..

Surely some guys might have more patience to spend with their family members or friends, but frequently it is a pretty BIG ASS waste of time to be talking with someone who has almost totally a different way of considering the matter, so they either have to figure it out on their own or perhaps find someone with a similar kind of framework... and sure, maybe they will get lucky, but the odds are not really in their favor... but you never know.. .. and that is on them including that if you might not even be able to get her to put 50% into bitcoin.. and she is not able to come even close, and perhaps she will end up with absolutely nothing in bitcoin, as Moreno233 described to be a tendency that he is seeing with the shitcoiners...and sure I have seen that too.. complete rejection of bitcoin and fantasies about the pumpamental potentials of various other coins/projects.  These folks likely just have to figure out on their own.. and see what happens (aka fuck around and find out).  Your sister is too smart for you DubemIfedigbo001 (or so she believes).

I have also experienced this with my elder sister too. In the last quarter of 2023, my sister already know that I have a bit knowledge on digital asset. She asked me that she wanted to invest but she doesn't know the right coin to invest, because my younger brother introduced one of those shitcoin to her and the got rugged pull. I told her only bitcoin will give her rest of mind and that it is trusted and confirmed.

She took to my advise and started her bitcoin investment. Currently, she is still accumulating every month and she keeps on calling me to thank me. My younger brother first me into the cryptospace but he was more focused on shitcoins. When I told him about bitcoin, he immediately went against the idea, and said he trust his shitcoins to make huge profits from them. Unfortunately, it didn't go as he expected it. It was last year December that he came to me saying he is ready to invest in bitcoin after he saw the price of bitcoin pumped to $94k. I told him to apply DCA accumulation method, he is even buying at all prices whenever he has his funds ready.

Some of these shitcoiners can still turn away from shitcoin and invest in bitcoin for long term and it's those that have the long term mindset of investing and being careful not to run at loss.

[EarnOnVictor]

I stumbled on this news late at night but what caught my attention was the part that emphasized the fact that this is the first time Bitcoin is going below 100k in 10 days. This immediately rose above 100k within hours. The speculation on bitcoin future is unfolding. If this trend continues, a time will come when it will never be heard that Bitcoin is going below 100k.

Bitcoin, like any other market, will always face its good days and hurdles, the beautiful thing is that it always overcome. I expected a bit of what happened on Monday, many attributed it to China's Deepseek but I don't, Bitcoin is for all, it is just a needed market correction that coupled with the weekend-caused bearish pattern mess on the daily chart.

This coupled with Trump who is perceived as a crypto messiah continues to show the world that he is just an opportunist, the respect around his presidency linked with crypto is now fading, so what do you expect? Like I've always said, we should not think one person can be a Bitcoin messiah, it is a collective work and Bitcoin has done what no asset in history has done before Trump's saga.

One way or another, Bitcoin will pump, every fall is an opportunity to buy more, it's a progressive coin, isn't it?

[Mayor of ogba]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

[Jewan420]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

[Futurexxx]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

It is not just wrong for newbies investors alone to wait for a dip before they buy, even veterans too, it doesn't matter wether you are a newbie investors or not, it is absolutely wrong to wait for a dip before making a purchase of Bitcoin especially when your stash of Bitcoin is not good enough to wait, those investors that has gone far in their accumulating journey can have the leverage of waiting for a dip, but it's not ideal, because they know that they can miss a lot of buying opportunities too,  but due to how far they have gone in their accumulation of Bitcoin, it wouldn't be much of a disaster but those that are just getting started, those that has less or no stash at all, waiting would really be a terrible idea.

So the best thing to do wether you are a newbie investors or a veteran investor, is to buy Bitcoin regardless of it present price, but if in the process the price dip further, you can buy aggressively only if you have the financial leverage to do so, but waiting for the dip is what I really don't find encouraging.

[Zanab247]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

That is not the only way you can earn profits from BTC, but if you want to earn a big profit from BTC, buy dip and sell when the price is very high in the market, which is the only way you can achieve such massive profits from BTC because it will allow you not to sell in the low price until the high price occur before you can sell to earn massive profits.

If they are not financial buoyant, I guess waiting for the dip is the best option for such category of investors to buy BTC from the market because it will help them to buy plenty of BTC and hodl for the price of their desire to come before they can visit the market to earn profit. But if you want to use DCA to accumulate BTC, make sure you are financial buoyant because there is nothing that will make you sell your BTC in a short term than to continue to buy in the dip to accumulate BTC in your portfolio.

[Olatundespo]

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

DCA strategy for Bitcoin accumulation is a strategy that allows an investor to accumulate Bitcoin over a long period of time in a consistent manner. Year after year, the positive results of accumulating a Bitcoin stash are a combination of careful review of each week or each month and the various price movements. By continuing to deposit any amount consistently over time, you are better off than spending time waiting for the price to dip.
Investors should not be confused by the naming of the thread. Buying dips means considering the price at which you can buy in the context of the current time. It is a smart strategy to make discretionary income and savings equally regardless of the price of Bitcoin.
In the context of the fact that it is difficult and impossible to be aware of the future price, you should deposit Bitcoin using the DCA strategy. This strategy can give you a great experience about your feelings about the past price movement. By examining the price chart of the past year you can easily understand why most investors recommend Bitcoin positively and entice you to keep holding it.

[Stablexcoin]

[edited out]

The point is, stupid or smart, whatever viewpoint a person may have in shitcoining, they would STILL too hold those profits in Bitcoin. Because what kind of mental decay is a person having if he insists that he/she should HODL a shitcoin or, Oh My God, a stupid MEMECOIN of a dog with a hat shilled by the most mentally decayed people in the cryptocurrency community.

Or they probably are not stupid. They probably sold they're memecoins at their ATH and left their "community" to HODL those worthless shitcoins.

I am not going to presume that shitcoiners are smart enough to put their value in bitcoin.  Sure some shitcoiners figure out that they need to store most of their value in bitcoin, yet many of them fall into the camp of degenerate and/or misinformed gamblers, so they end up wrongly concluding that they are not going to end up richie unless they put enough value into whatever shitcoin of the day they happen to be chasing, so almost no matter what, they will end up overallocating to various kinds of shitcoins and shit projects, and potentially even consider that wherever they are holding their value is merely temporary and rotating and sure, they may well be correct that their intention was to move it in and then move it out, yet no one wants to sell at a loss so sometimes (or perhaps frequently) they get their value locked into various pieces of shit with ongoing dilemmas regarding when to get out or even whether to put more value into their already existing shitcoins when the price is going down rather than their anticipated UP.   Getting lured into shitcoins tends to be a trap in which they suck more and more and more value out of the gullible ones who are investing into them, and so yeah, bitcoin is too boring for them, and they end up with pretty high odds of underperforming as compared to if they had just focused 90% or more of their time, energies and value on bitcoin... but they can't and they cannot control themselves, even if they might  have been intending to limit their shitcoin involvement it devolves into greater and greater and greater value and ultimate losses prior to their potentially learning their lesson (and sure not all of them learn their lesson, they stay in the world of shitcoins, dumb, trading and/or gambling).

Some of these shitcoiners don't learn from their mistakes, even after being kicked on the ass by shitcoins, they still remain greedy. My sister who was fucked up by the crash of late 2022, called recently and asked of promising projects to invest into since she knows I'm into the crypto world. Knowing she loves investing considerably I asked her to buy Bitcoin with 90% of the funds and scatter the other 10% in few promising projects I'll recommend, but she refused claiming that she needs projects with high yield, like 200x or more in a short while. I explained how risky it is and how it's not advisable to use all capital to chase shitcoins, but she wasn't listening.

I just told her I'll get back to her on that, but never did because I don't want to be the one to take the blame if her greed ruins her. I think it's better not to offer any suggestions since she's not ready to do the right thing and also better she doesn't invest at all than gamble with so much money.

Of course, sometimes it can be difficult with family members since we want to keep our relationship with them, yet at the same time, we also have to be concerned about how to spend our own time and energies, and most likely I would not have had told her that I would call her back, and I would not even get into any details of talking about any shitcoin, since it is a slippery slope into more conversation,  yet sure, maybe you could have had a couple of shitcoins that you considered to potentially have some abilities to go up, yet at the same time, it is way too messy to be getting involved with any shitcoins, but instead stick with a blanket recommendation for her to stay away from shitcoins, yet if she could not resist then at least she should limit her involvement in them to no more than 10%, and yeah, she is not even close to being within the same kind of thinking as you, so you likely just have to let her venture off into her own seemingly quasi-desperate kind of gambling thinking.

It is like you are not even close to being on the same page, and you could even talk with the person about investing 4-10 years or longer, and if you already know your sister to not be an old person and/or she is not with any kind of known health conditions, then you likely need to telling her that she should be thinking about bitcoin in terms of 10 years or longer and not between 4-10 years, even though sure sometimes the folks are just so maniacally focused on short returns (of perhaps a few months or maybe a year at most), so they cannot even relate to what you are saying.  

Accordingly, my practice has been to just stick to my guns and say that I cannot really help with shitcoin practices, trading, gambling and/or short term recommendations. In the end, she can do what she likes, but you are mostly suggesting at minimum a 4-year timeline, and perhaps better 10 years or more.. and also you are recommending ongoing, persistent, consistent, regular and perhaps even regular buying of bitcoin that may well last more than a whole cycle before she might be able to let off on the buying of bitcoin - depending on where she is at and/or if she is able to front load invest into bitcoin.  We know that many folks are not really able to front load into bitcoin, even though they might have some modest abilities to front load perhaps 3-6 months worth in advance.. but yeah, if her budget is something like $100 to $200 per week, then 6 months might be having cash in the ballpark of $3k to $5k to front load inject into bitcoin. whether DCA, lump sum and/or buying on dips..

Surely some guys might have more patience to spend with their family members or friends, but frequently it is a pretty BIG ASS waste of time to be talking with someone who has almost totally a different way of considering the matter, so they either have to figure it out on their own or perhaps find someone with a similar kind of framework... and sure, maybe they will get lucky, but the odds are not really in their favor... but you never know.. .. and that is on them including that if you might not even be able to get her to put 50% into bitcoin.. and she is not able to come even close, and perhaps she will end up with absolutely nothing in bitcoin, as Moreno233 described to be a tendency that he is seeing with the shitcoiners...and sure I have seen that too.. complete rejection of bitcoin and fantasies about the pumpamental potentials of various other coins/projects.  These folks likely just have to figure out on their own.. and see what happens (aka fuck around and find out).  Your sister is too smart for you DubemIfedigbo001 (or so she believes).

I have also experienced this with my elder sister too. In the last quarter of 2023, my sister already know that I have a bit knowledge on digital asset. She asked me that she wanted to invest but she doesn't know the right coin to invest, because my younger brother introduced one of those shitcoin to her and the got rugged pull. I told her only bitcoin will give her rest of mind and that it is trusted and confirmed.

She took to my advise and started her bitcoin investment. Currently, she is still accumulating every month and she keeps on calling me to thank me. My younger brother first me into the cryptospace but he was more focused on shitcoins. When I told him about bitcoin, he immediately went against the idea, and said he trust his shitcoins to make huge profits from them. Unfortunately, it didn't go as he expected it. It was last year December that he came to me saying he is ready to invest in bitcoin after he saw the price of bitcoin pumped to $94k. I told him to apply DCA accumulation method, he is even buying at all prices whenever he has his funds ready.

Some of these shitcoiners can still turn away from shitcoin and invest in bitcoin for long term and it's those that have the long term mindset of investing and being careful not to run at loss.

Home can be a bit complicated when it comes to suggesting financial path for anyone. It is very funny how many people underestimate Bitcoin at first untill they become a victim or rug pull. Your sister didn't made a mistake of investing she was smart though at first she was misled but Bitcoin is a gmae changer for anyone who is thinking long term and she was able to invest in it not minding what she lost in the past.

Tell your brother he needs to change his mindset into looking for crypto that can give him quick profits. Now he has learnt the hard way together leading his elder sister into it if not you that brought her out of that chain. Quick profits can only mislead someone, slow and steady will always win the race. DCA is definitely the best advice you can give to your family member. It obviously take the pressure of timing the market.

Most people who fall for shitcoins just need to taste a loss to wake up and realize that Bitcoin is the real deal. It’s not over hyped, but it’s reliable. Hopefully, with stories like this, more folks will see the light before losing too much. Huge thanks to you for guiding them both in the right direction.

[JayJuanGee]

I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is inve. sting a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

Okay, so you're saying DCA is like making a bunch of small, separate lump sums.  Kinda true, but it's different.  Lump sum is ONE big investment. DCA is many small ones, spread out.  It's like the difference between dumping a bucket of water all at once versus slowly pouring a glass at a time.  Both get you water, but DCA is less risky.  Anyone who put a load of cash in Bitcoin years back probably knows the deal and is likely still adding to it, just like you should be.  It's all about stacking sats, whether big or small.

Yes, it is fair to say that DCA can also indirectly be said to be a lump sum purchase. Because quite a lot of people don't have a lot of cold or free money and invest bitcoins with the DCA method every week. This could actually be said to be a lump sum purchase at that point. Because basically the person no longer has any cash because he invested it in bitcoin that week. Maybe next week the person will get more money, because let's say the person who invested in DCA gets a weekly salary. However, because this person routinely buys bitcoin every week, this can be said to be DCA.

Because basically, after I researched further what DCA is, it turns out that DCA is like saving money. However, quite a few also think that in carrying out DCA we have to collect the same amount of money at each allocation time. So if you look at these factors, when doing DCA we are required to have a fixed income and the same expenses to continue to have a regular discretionary income. But I wouldn't worry about this, because the most important thing is if we do DCA on bitcoin. While we have cold money we continue to accumulate that cold money into bitcoin.

And talking about a lump sum purchase, I think if you say it's a one-time investment. Maybe this is true, but if for example that person regularly buys Bitcoin, I think that person could be said to be doing DCA too. So basically the purchasing method when investing in bitcoin can be said to have the same thing. But still there are differences.

For sure, as you are suggesting, there are several ways that lump sum and DCA are quite similar, especially if a guy might manually employ DCA every week and also if the guy might go through a bit of a process in  regards to  how to divide up his weekly DCA allowance in terms of figuring how much BTC to buy and perhaps how to maximize his BTC investment amount.  There are people who also set their weekly DCA in automated ways, and perhaps for some people automated works better in terms of their being able to carry out other things in life and also not to forget to do their weekly DCA, since it is automatic.  I personally prefer manual DCA, yet for sure I can understand why a person would set automatic DCA so that they don't have to spend time manually doing it -or run the risk of forgetting to do it.

Sometimes we like to consider some surprise amount of income as having potential for lump sum, yet if we already have a practice of investing  all of our extra income into bitcoin then even if we get some extra amount, then it may well not be any different from DCA in the way that we decide to buy right away with it.  Surely whenever we have extra income (or even receive some surprise, like a bonus), we may well want to consider our various options besides just buying BTC right away with it, and we might choose to defer by structuring DCA's out into the future with that amount and/or structuring buy on dips with some of the amount.  None of these considerations are bad, as long as we can recognize/appreciate the tradeoffs that are involved with each of them, and there is almost no way to get a perfect outcome, except just to attempt to tailor what we do to our own individual preferences, which sometimes we might not even know our preferences until after we sit down and ponder on what it is that we want to do with the extra (perhaps surprise) lump sum that came into us. 

Let's say, for example, we are used to investing $100 per week, and we have been investing into bitcoin with this strategy for a couple of years.  Suddenly we receive a surprise bonus for $5k, and if we had not known that we were going to get it, it could take us several days to figure out how we are going to want to allocate such extra money, and perhaps we will consider that extra $5k to be equal to a whole year of DCA, and even if we think of the possibility of allocating all of that extra money to bitcoin and dividing the amount into three  parts, such as DCA, buy right away and buy on dip, we also might not be be sure either how we want to do it and if that is what we want to do... so sometimes we might even question our own priorities, yet we still are likely advantaged by our knowing about bitcoin and having had already established a bitcoin investing system,  since if we had not known about bitcoin, we might have had ended  up being more wasteful in regards to how we would have had ended up allocating our surprise bonus $5k.

[edited out]

Of course setting an emergency fund is very important during this process, because is only when we don't have any other option apart from our bitcoin investment that we can be tempted to sell after a short term of investing in bitcoin, those investors who are well prepared to go into bitcoin investment will first of all build up their emergency fund before they can start accumulating.

reason is because they don't want a process whereby after investing to an extent maybe something very emergency just pop up you know at this point you will be Left with only one option that's to sell your bitcoin to figure it out. However, as a bitcoin investor building up your emergency fund should be the first thing you need to consider before accumulating so as to avoid selling our bitcoin within a short term.

If you attempt to consider matters from a more realistic and practical way, there is no reason to build up an emergency fund prior to investing into bitcoin, since your emergency fund would not be protecting anything, since if you build it first, then by definition you have no bitcoin, so you don't have anything to protect.

Of course, you can choose to do whatever you want, and so depending on the status of your finances, there are likely many people who are in a position to get started buying bitcoin as soon as possible, and I would think that even poor people may well already have 2-6 weeks of cash that they float so that they are able to pay bills and/or any expenses that they have between pay periods.  Yeah, sure they likely have times where they have more of a cash cushion and other times that are lower, but still I think that it is reasonable to expect that an overwhelming majority of folks keep some kind of cash float,  which justifies getting started with bitcoin sooner rather than fucking around with establishing some pie in the sky emergency fund that just ends up resulting in delaying investing into bitcoin for a year or more.. . and that is just stupid to be delaying when it comes to bitcoin... especially it can take a long ass time, just for a normie to figure out from where he is going to source his coins, and if he finds a place to establish an account on an exchange, that can take time too.. so normie newbies need to get started buying bitcoin right away and without delay, even if they are poor.

On the other hand, if a person has finances that are so messed up that he cannot even figure out if he has discretionary income, then that person needs to make sure that he has discretionary income before buying any bitcoin, since bitcoin should ONLY be bought with discretionary income, not money that is needed for short-term expenses.

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

Especially for a newbie, planning an investment by buying dips will not be a good plan. Waiting for the dip while inexperienced and newbie will only make you lose buying opportunities. An experienced investor will stay out of this discussion, because he knows when to do what and what action will be right for him. But buying dips for a newbie is just a reason for delay. I never advise a newbie to buy dips, because this advice will only keep a newbie away from investing and maybe he will be deprived of investment.

When you are new or inexperienced in investing, I will advise you to invest in the DCA strategy. DCA gives you the opportunity to invest without any delay and allows you to enter at all moments of the market. You do not have to be experienced or wait for the right time to invest in this method. There is no specific time to invest in DCA, whenever you have investable money, you can buy and hold it for a long time. To buy a dip, you have to watch the market and wait for it to buy, which is a waste of time.

It is not just wrong for newbies investors alone to wait for a dip before they buy, even veterans too, it doesn't matter wether you are a newbie investors or not, it is absolutely wrong to wait for a dip before making a purchase of Bitcoin especially when your stash of Bitcoin is not good enough to wait, those investors that has gone far in their accumulating journey can have the leverage of waiting for a dip, but it's not ideal, because they know that they can miss a lot of buying opportunities too,  but due to how far they have gone in their accumulation of Bitcoin, it wouldn't be much of a disaster but those that are just getting started, those that has less or no stash at all, waiting would really be a terrible idea.

So the best thing to do wether you are a newbie investors or a veteran investor, is to buy Bitcoin regardless of it present price, but if in the process the price dip further, you can buy aggressively only if you have the financial leverage to do so, but waiting for the dip is what I really don't find encouraging.

You are largely correct that the circumstances for a newbie investor may not be a whole hell of a lot different from even an experienced bitcoin investor, especially if the experienced bitcoin investor has not reached a very good accumulation status and maybe he realized that he has been too whimpy in his historical bitcoin investment, so surely he would likely need to just continue with his DCA and maybe even increase his level of aggressiveness based on his historical whimpiness in buying bitcoin.

Let's say that there is a guy in his mid-to-late 30s, and perhaps he had spent around 10 years investing in various non-bitcoin investments prior to coming to bitcoin 6 years ago, and perhaps the guy had quite a bit of potential to invest into bitcoin at $500 per week, yet instead he ONLY invested $100 per week, and so he ended up investing nearly $32k over the past 6 years, and he ONLY has slightly less than 2 BTC, and so he might realize that he made a mistake by being too whimpy, so he may well have to continue DCAing or maybe even to increase his DCA amount.

Surely the same guy who had been more aggressive, and perhaps he invested $500 per week for the past 6 years, and so he ended up investing $157k into bitcoin, yet he also has 5x more bitcoin with right around 9.3 BTC in his BTC stash.  And so the second guy might be starting to feel that he had invested enough into bitcoin and even more than enough, even though his BTC stack is not quite to the point that he can quit his job. So the second guy might start to go through a bit of a dilemma in regards to whether he should continue to invest into bitcoin with the same level of aggressiveness, or maybe he might want to either stop DCAing or or slow down DCAing or maybe somehow to change his strategy.

I am not going to say that I know the answer for either of these guys, especially since each of them is in a better position as compared with the newbie who has hardly any BTC, yet the second one would be more justifiable to let off on the level of his aggressiveness in investing into bitcoin.  Perhaps the first guy needs to increase his aggressiveness rather than decreasing it or stopping it... and sometimes we might not realize our mistakes or our luck, and some of our luck or our mistakes may well relate back to how aggressively we might have had been in our earlier years of BTC accumulation, and we might not really be in a position to measure where we are at until after a whole cycle or perhaps 2 cycles.

Buy the Dip and Hodl, that's the only way. Someone who saw it at 98.5k would think it will fall further as even the media predicted further fall before returning above 100k.

I know you are saying to buy the dip and hold is the only way because of the name of this thread, but do not be deceived by the name of this thread. Buying the dip is not the only way to achieve success in bitcoin investment, and since the name of this thread is to buy the dip and hold, you shouldn't focus only on buying the dip because it will delay you from starting up your bitcoin investment since nobody is certain if the dip will happen today or tomorrow. Since you are a lower coiner, you should focus more on accumulating bitcoin with the DCA strategy so that you would be at an advantage of consistently accumulating bitcoin anytime your money is readily available, which will allow you to accumulate more bitcoin than someone who is using the buying the dip strategy.

That is not the only way you can earn profits from BTC, but if you want to earn a big profit from BTC, buy dip and sell when the price is very high in the market, which is the only way you can achieve such massive profits from BTC because it will allow you not to sell in the low price until the high price occur before you can sell to earn massive profits.

If they are not financial buoyant, I guess waiting for the dip is the best option for such category of investors to buy BTC from the market because it will help them to buy plenty of BTC and hodl for the price of their desire to come before they can visit the market to earn profit. But if you want to use DCA to accumulate BTC, make sure you are financial buoyant because there is nothing that will make you sell your BTC in a short term than to continue to buy in the dip to accumulate BTC in your portfolio.

Even though members seem to get sucked into the idea of buying the dip for the purpose of selling, we are not talking about trading in this thread.  And, surely many of us have come to understand how distracting it can become to buy the dip, even though personally I have no problem with guys wanting to buy the dip in order to buy more bitcoin with the same quantity of money.... but yeah, guys still get distracted into trading ideas rather than long term accumulating, and perhaps in the whole scheme of things, whether we bought on the dip or just bought regularly, there might not be a lot of differences in regards to the total BTC stash later down the road when we might get to a point of actually starting to withdraw from our stash..   if we are not trading, then do we transition into some kind of withdrawal after a whole cycle? a couple of cycles?  more than a couple of cycles?  When and how we transition can truly depend on how long it might end up taking a guy to get to a BTC accumulation level (or status) in which transitioning is starting to make sense from his own perspective and BTC accumulation level circumstances.

[MusaPk]

He calculates out the amount that he has to set aside for his expenses, and then he attempts to maximize his BTC buys with whatever he has available, and sure sometimes the amounts might be regular and weekly or every couple of weeks, but every once in a while he might receive amounts that are way larger than his regular amount, so perhaps every week he is getting around $10 extra that he can spend on BTC, but every 3-4 months he has some side project that he receives somewhere between $150 and $300 - depending on details of how the project ended up going, so at that time, when he gets those larger payment amounts, he suddenly has 15x to 30x his usual weekly DCA amounts, so he knows that he could still choose to treat the amount as a DCA amount and buy right away, even though he also knows that when he gets those larger amounts, he has more options during the times that he ends up receiving those larger than usual amounts.

That's the strategy we have to adopt, specially the one who dont have huge cash in the form of lump sum but have some extra cash occasionally. As long as you don't have enough Bitcoin be bullish in putting anything you have in Bitcoin. I have shared my personal experience of how HODLing Bitcoins for less then a year can be helpful. If Bitcoin can increase it's value considerably in one year then how much benefit it will give in next 10 to 15 years? For that we need to go bullish in accumulating Bitcoins.   

From time to time, there are still going to be some strange situations that end up happening in terms of guys sometimes forgetting about their BTC or even forgetting how to access it.. and then maybe remembering at some later point...... .so even a person might buy a few hundred dollars worth of bitcoin, and then maybe the price goes up 8x or more, so the guy goes to try to figure out how to access his  BTC, but he cannot figure it out, and then maybe the price drops back down, so then he thinks that he will just get back to the problem of trying to access his coins later, and maybe he keeps procrastinating because he is not even sure he can figure it out, and maybe the BTC price goes up again, and then it is 20x or more higher than his earlier price, so then he becomes even more inspired to try to figure out how to access his coins.. and yeah, maybe it sounds weird.. but there can sometimes be weird kinds of situations that may also relate to a person who has a variety of other things going on in their lives and maybe even  some explanation why they are not putting more effort into monitoring and/or managing their BTC in a more reasonable (or normal) way.

There are many such examples in initial days of Bitcoin, when people got whole bunch of Bitcoins for just few dollars or even for free. In those early days people mostly take Bitcoin for granted and they woke up when there few dollars worth of Bitcoins were in millions but they don't know how to access them. Anyone who is doing such silly mistake today must be tagged as a fool. Because of the previous cases, we must be aware that Bitcoin today will have it's value increased in coming years. To get benefit of your current hodlings in future, one must has to take care of his Bitcoins keys/passwords.   

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I have one thing going on in my mind for quite long i.e. DCA is also a form of lump sum investment. Like if a person is investing 10$ per week then he is like investing a lump sum of 10$ in week one and then a lump sum 10$ in week two and so on. DCA is also a kind of accumulation of Lump Sum investment that are made over a period of time. It's my own interpretation, it may or may not be correct.

You also have a valid point that anyone who invested a huge money several years ago and is ignorant about Bitcoin that he didn't invest at later stage, such are just hypothetical assumptions. The person who is inve. sting a lump sum money into bitcoin is well aware about Bitcoin and will continue to invest in Bitcoin over a period of time.

Okay, so you're saying DCA is like making a bunch of small, separate lump sums.  Kinda true, but it's different.  Lump sum is ONE big investment. DCA is many small ones, spread out.  It's like the difference between dumping a bucket of water all at once versus slowly pouring a glass at a time.  Both get you water, but DCA is less risky.  Anyone who put a load of cash in Bitcoin years back probably knows the deal and is likely still adding to it, just like you should be.  It's all about stacking sats, whether big or small.

Your context is wrong and I think he is right. Lump is the same thing like gathering things together until it becomes one big thing. How does that relate with DCA? When you buy $1 dollar worth of Bitcoin every day for 365s, you will be having different inputs(unspent transaction outputs), they are combine to give you a sum of $365 but you wouldn't see this inputs until you want to spend it, with his context of lumps DCA, he is right because you accumulate small amount of Bitcoin together until you have enough of your target.

Microstrategy is one perfect example of person that is doing DCA every day, they have a public wallets address on watch. You can use Akram platform to check the history of their DCA, the wallet address has been receiving Bitcoin since 2012 and till date, the wallet still receives more Bitcoin and he they don't have any precise day of when they are going to sell a single On my way. Blackrock is another example of wallets that is DCA Bitcoin everyday because they having vision and goals for Bitcoin.