Buy the DIP, and HODL!

[JayJuanGee]

There is no reliable exchange.

That is part of the point. You need to figure out ways to keep most, if not all of you value in self-custody, rather than relying upon third parties to hold your coins.

If you are leaving your coins on exchanges, or you are buying other products that require that you keep your coins with third parties, you are taking chances.

In the very beginning of your bitcoin journey, you may well keep coins on exchanges while you are figuring out ways to keep your coins privately,  and if you are buying coins on exchanges, you may well choose to ONLY periodically transfer your coins to self custody, such as once they reach more than $500, especially if you might be makng relatively small purchases of less than  $100 on a regular basis.

Yes sir, there is nothing better if we fail to secure assets in our own wallet. I see many investors who still trust their large assets in the exchange even though there have been many cases where the exchange has been targeted by hackers and they still don't understand what it means for them.

Safety in investment is the main focus because it will be useless to make routine purchases if our assets are in a third party. I hope the incident that befell by Bybit will be a valuable experience not to trust any party that can control our assets.

In addition, it is true sir, even I myself withdraw funds to my own storage only once a month because it will save a little transaction fee.

I have reduced my quantity of coins (value) on exchanges over the years.

Prior to 2020 I probably had around 16% of my value on exchanges, and then in 2020, I reduced that value to around 11% on exchanges, and then in 2022, I reduced it to around 8% on exchanges, and these days, I have about 4% my total portfolio value on exchanges.

Yeah.  Each guy has to figure out and find his way of balancing the risk, and hopefully not keeping too much value on exchanges because any of them can end up having issues, and cause lost coins or even frozen assets.

[justinlamode]

With the hack that happened on the Bybit exchange yesterday, it will serve as a lesson to those investors who don't want to take the phrase "not your key, not your coins" seriously now because they would put themselves in the shoes of those investors who lost their assets on the Bybit exchange. For the newbies in this thread to get it clear and also do the right thing by keeping their bitcoin safe from centralized exchanges, there's nothing like an exchange wallet, but centralized exchanges, so newbies should help themselves and stop keeping their bitcoin on a centralized exchange like Binance, Kucoin, Gate, Bitget, and so on for a very long time so that they will avoid this type of bad news in the future.

Thank you so much boss for this crucial information, that is how one of my guy lost is entire assets some time ago on one of the exchange you mentioned.

Please help me recommend some save and reliable exchange best for save gaurding of your assets or coin.
Thank you

There is no reliable exchange.

That is part of the point. You need to figure out ways to keep most, if not all of you value in self-custody, rather than relying upon third parties to hold your coins.

If you are leaving your coins on exchanges, or you are buying other products that require that you keep your coins with third parties, you are taking chances.

Now I see why you have the phrase "Self-Custody is a right" in your bio info. Anyone who follows you will never miss road. Thank God I realized early that how to store my Bitcoin is as important as buying the Bitcoin, because safely storing my Bitcoin is under the basic knowledge I need before getting started. So, I started with Electrum wallet and still working on getting hardware wallet as I have not figured out all the intricacies but I believe soon I will get all the information I need to safely use that and by then my Bitcoin portfolio would have also gotten bigger.

In the very beginning of your bitcoin journey, you may well keep coins on exchanges while you are figuring out ways to keep your coins privately,  and if you are buying coins on exchanges, you may well choose to ONLY periodically transfer your coins to self custody, such as once they reach more than $500, especially if you might be makng relatively small purchases of less than  $100 on a regular basis.

Due to withdrawal fees in the exchange I use to buy my Bitcoin, I usually keep all my Bitcoin in the exchange after purchase and then withdraw once per month. This may appear a little risky but it is a risk I can bear because if anything happens, it will only affect my one month purchase.

[JayJuanGee]

With the hack that happened on the Bybit exchange yesterday, it will serve as a lesson to those investors who don't want to take the phrase "not your key, not your coins" seriously now because they would put themselves in the shoes of those investors who lost their assets on the Bybit exchange. For the newbies in this thread to get it clear and also do the right thing by keeping their bitcoin safe from centralized exchanges, there's nothing like an exchange wallet, but centralized exchanges, so newbies should help themselves and stop keeping their bitcoin on a centralized exchange like Binance, Kucoin, Gate, Bitget, and so on for a very long time so that they will avoid this type of bad news in the future.

Thank you so much boss for this crucial information, that is how one of my guy lost is entire assets some time ago on one of the exchange you mentioned.

Please help me recommend some save and reliable exchange best for save gaurding of your assets or coin.
Thank you

There is no reliable exchange.

That is part of the point. You need to figure out ways to keep most, if not all of you value in self-custody, rather than relying upon third parties to hold your coins.

If you are leaving your coins on exchanges, or you are buying other products that require that you keep your coins with third parties, you are taking chances.

Now I see why you have the phrase "Self-Custody is a right" in your bio info. Anyone who follows you will never miss road. Thank God I realized early that how to store my Bitcoin is as important as buying the Bitcoin, because safely storing my Bitcoin is under the basic knowledge I need before getting started.

Even though self-custodial is important, you do not need to learn self-custody before getting started investing in bitcoin.  In investing in bitcoin, amongst the most important of things is to get started, as long as you have a discretionary income.. start right away, and if you don't know things, then just start out smaller and learn as you go... so for example, if you know that you have $100 per week that you could put into bitcoin, you might start with $10 per week and work your way up to $100 per week as you learn various basic aspects of bitcoin.  Each person will be different in terms  of how much time he has to learn and at what kind of time line does he need to figure out some kind of a self-custody solution, whether  electrum or some hardware wallet or some combination, and of course, there can be needs for timing, but there are likely greater needs to get started buying some bitcoin first.

So, I started with Electrum wallet and still working on getting hardware wallet as I have not figured out all the intricacies but I believe soon I will get all the information I need to safely use that and by then my Bitcoin portfolio would have also gotten bigger.

Of course open source is good, and this website (Athena) has ratings of various  hardware wallets.   

This other website (The Bitcoin Hole) has a list of hardware and software wallets and some of the features.

Of course there are some other sites too.

In the very beginning of your bitcoin journey, you may well keep coins on exchanges while you are figuring out ways to keep your coins privately,  and if you are buying coins on exchanges, you may well choose to ONLY periodically transfer your coins to self-custody, such as once they reach more than $500, especially if you might be makng relatively small purchases of less than  $100 on a regular basis.

Due to withdrawal fees in the exchange I use to buy my Bitcoin, I usually keep all my Bitcoin in the exchange after purchase and then withdraw once per month. This may appear a little risky but it is a risk I can bear because if anything happens, it will only affect my one month purchase.

That sounds reasonable to me, yet there might be guys who are ONLY buying  $10  per week, so they might not need to withdraw for 6-12 months..  since that would ONLY be $260 to $520, and yeah, sure it is a lot of their BTC, and  they have to find some balance regarding how frequency they want to withdraw in terms  of trade offs in regards to managing their UTXO sizes and various possible present fees or even future potential fees.

[Churchillvv]

Even though self-custodial is important, you do not need to learn self-custody before getting started investing in bitcoin.  In investing in bitcoin, amongst the most important of things is to get started, as long as you have a discretionary income.. start right away, and if you don't know things, then just start out smaller and learn as you go... so for example, if you know that you have $100 per week that you could put into bitcoin, you might start with $10 per week and work your way up to $100 per week as you learn various basic aspects of bitcoin.  Each person will be different in terms  of how much time he has to learn and at what kind of time line does he need to figure out some kind of a self-custody solution, whether  electrum or some hardware wallet or some combination, and of course, there can be needs for timing, but there are likely greater needs to get started buying some bitcoin first.

Of course I would agree with you that it's not much of the basics to invest in bitcoin but it comes along the line of accumulation and fortunately coin security is my most priority I encourage people to start making all type of coin security decisions before or once their accumulation is up to $500 or even below since exchanges pose more risk. Cold wallets on airgapped device is most important for a holder even some are not willing to go for a well secured wallets like electrum yet they can go for any other open source wallets that at least has no backdoors like exchanges and other types of wallets.

[Taskford]

There is no reliable exchange.

That is part of the point. You need to figure out ways to keep most, if not all of you value in self-custody, rather than relying upon third parties to hold your coins.

If you are leaving your coins on exchanges, or you are buying other products that require that you keep your coins with third parties, you are taking chances.

In the very beginning of your bitcoin journey, you may well keep coins on exchanges while you are figuring out ways to keep your coins privately,  and if you are buying coins on exchanges, you may well choose to ONLY periodically transfer your coins to self custody, such as once they reach more than $500, especially if you might be makng relatively small purchases of less than  $100 on a regular basis.

Yes sir, there is nothing better if we fail to secure assets in our own wallet. I see many investors who still trust their large assets in the exchange even though there have been many cases where the exchange has been targeted by hackers and they still don't understand what it means for them.

Safety in investment is the main focus because it will be useless to make routine purchases if our assets are in a third party. I hope the incident that befell by Bybit will be a valuable experience not to trust any party that can control our assets.

In addition, it is true sir, even I myself withdraw funds to my own storage only once a month because it will save a little transaction fee.

I have reduced my quantity of coins (value) on exchanges over the years.

Prior to 2020 I probably had around 16% of my value on exchanges, and then in 2020, I reduced that value to around 11% on exchanges, and then in 2022, I reduced it to around 8% on exchanges, and these days, I have about 4% my total portfolio value on exchanges.

Yeah.  Each guy has to figure out and find his way of balancing the risk, and hopefully not keeping too much value on exchanges because any of them can end up having issues, and cause lost coins or even frozen assets.

This should be done by people and don't put their 100% trust on exchange. Those hacking incident happen on big exchange recently is great indicator that there's none of them are reliable so we better pull out our funds on those exchange and just use them when we want to buy or sell something.

The problem with some people is they usually got hype if the exchange said SAFU or there's no funds of their costumer got affected, but they should take those situation as warning although no one lost their money at the moment and maybe next time they suffer those huge lose if they continue to patronize using this third party platform to store their Bitcoins.

Somehow the situation happen to Bybit is good wake up call for people to check what they are doing and do the right thing when talking about handling also safety of their funds.

[Wind_FURY]

While everyone is occupied and more focused on waiting for the United States' Strategic Bitcoin Reserve, China has been increasing its money supply. Could that also be a signal that the Federal Reserve will turn on their money-printer soon too?

 👀

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

[Popkon6]

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

[Ricardo11]

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

[Stormisover]

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

Bitcoin investors returns over a long term is not compelled to the strategy or strategies being used but your size of investment because one can outperform the other in different cycles, it is true that many got in to Bitcoin without having a lump sump amount, there can be cycle where the overall Bitcoin performance can be in a more good position for investors that lump or even front load of investment compared to supposed dca , am not really seeing any fight between various strategies but must choose the one that is compatible to our individual circumstances time and money. Though for a beginners DCA suits the most while figuring other various applications.

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

Bitcoin investors returns over a long term is not compelled to the strategy or strategies being used but your size of investment because one can outperform the other in different cycles, it is true that many got in to Bitcoin without having a lump sump amount, there can be cycle where the overall Bitcoin performance can be in a more good position for investors that lump or even front load of investment compared to supposed dca , am not really seeing any fight between various strategies but must choose the one that is compatible to our individual circumstances time and money. Though for a beginners DCA suits the most while figuring other various applications.

The DCA strategy is fantastic for beginners and seasoned investors alike, especially in the volatile world of Bitcoin. It effectively reduces the impact of market fluctuations, allowing us to accumulate BTC steadily without the stress of timing the market.
You're right in emphasizing that each investor's strategy should align with their individual circumstances. While DCA is a great way to build confidence and establish a foothold in the crypto space, it's also important to stay informed and flexible. There may be times when lump-sum investments could yield better returns, especially during significant price dips.

The Lump buying of Bitcoin emphasis more on investors choice and decision of buying rights away with the available amount regardless of the market conditions whether in dip or not

It will be more convenient to be specific when making use of the word crypto in this thread since it could mean varirans of coins whereas Bitcoin is the priority.

[john_egbert]

The Lump buying of Bitcoin emphasis more on investors choice and decision of buying rights away with the available amount regardless of the market conditions whether in dip or not

It will be more convenient to be specific when making use of the word crypto in this thread since it could mean varirans of coins whereas Bitcoin is the priority.

Lump buying is for those who are ready to face the consequences of it.
And if they are able to do so, having a good amount of money for the investment + properly managing the risks, however small they would be.

[Wind_FURY]

To the person who gave me a DM to ask what I meant about China's increase of money supply,

- China probably has doubled their money supply in one month. 👀

https://tradingeconomics.com/china/money-supply-m1

I'm not entirely sure if that signals other nation-states, particularly the United States, if they will start increasing their money supply, but if they will, we will ABSOLUTELY see the Bitcoin surge over $200,000.

 🙏

[Mayor of ogba]

With the news of a serious hack on bybit a popular exchange wallet most us here uses, even though it has nothing to do with bitcoin directly yet I find it necessary to remind you all that leaving your coins or assets in an exchange wallet is a big red flag and for every reason always find a way to move your coins to a safe open source wallets.

Coin security should be a priority. buy bitcoin and never leave them on an exchange wallet or any wallet that does not guarantee good percentage of security.

With the hack that happened on the Bybit exchange yesterday, it will serve as a lesson to those investors who don't want to take the phrase "not your key, not your coins" seriously now because they would put themselves in the shoes of those investors who lost their assets on the Bybit exchange. For the newbies in this thread to get it clear and also do the right thing by keeping their bitcoin safe from centralized exchanges, there's nothing like an exchange wallet, but centralized exchanges, so newbies should help themselves and stop keeping their bitcoin on a centralized exchange like Binance, Kucoin, Gate, Bitget, and so on for a very long time so that they will avoid this type of bad news in the future.

It has already been confirmed that customers asset are 1 on 1 backed hence there was no customers lost of asset because the exchange is buoyant enough to absorb such heat so there was no direct lost of customers assets but on the exchange which they posted on x that bybit is solvent enough even if the lost is not recovered.

Bybit's CEO knows that Bybit users will no longer want to keep their assets on the exchange anymore so that they will not lose their assets in the future, so that statement by the Bybit CEO could just be a way of getting back the trust of its users so that they will keep using Bybit. Since you don't really know what is happening at the backend of the Bybit exchange, do not believe anything you see online. If you have assets there, go and withdraw your assets for your safety.

[SilverCryptoBullet]

Of course open source is good, and this website (Athena) has ratings of various  hardware wallets.  

This other website (The Bitcoin Hole) has a list of hardware and software wallets and some of the features.

Of course there are some other sites too.

There are topics in Bitcoin forum about hardware walllets that need to be known too.

List of Open Source Hardware Wallets
[GUIDE] How to buy a Hardware Wallet the right way
Check and know your wallet like you built it. Like checking whether a wallet is open source, reproducible.

[Fuso.hp]

With the news of a serious hack on bybit a popular exchange wallet most us here uses, even though it has nothing to do with bitcoin directly yet I find it necessary to remind you all that leaving your coins or assets in an exchange wallet is a big red flag and for every reason always find a way to move your coins to a safe open source wallets.

Coin security should be a priority. buy bitcoin and never leave them on an exchange wallet or any wallet that does not guarantee good percentage of security.

If you put your coin in an exchange wallet and can highlight the risks associated with it then you are correct. Exchanges do offer trading facilities to Bybit but the point to note here is that hacking or vulnerabilities represent a central point of failure for your funds to see. I think every cryptocurrency holder should be given some priority and private ownership of assets. You can use some reputable wallets to protect your personal assets, such as reputable open-source software, hardware wallets.

If you do this you will minimize the risk of losing your funds through exchange violations or mismanagement Reputable open-source software, hardware wallets play a special role in ensuring long-term security of your assets. Not only key, not only coin, you take responsibility for the security of your assets by using this method.

What did you mean by every cryptocurrency holder, if you are holding shitcoins you are only playing with your money because you will wake up one day and hear that everything has crash down it is better to accumulate and hodl great asset such as bitcoin instead of holding shitcoins whereas if you must do this let be just be 10% of your income, and this is not a cryptocurrency related thread.

Why risk our money by investing in all these shitcoins when we have better options to invest. I'd say people who think it's more important to buy and hold shitcoins than investing in bitcoins really don't know much about investing. Now we mean Bitcoin as an investment. I haven't noticed any changes in the Bitcoin market over the last six months compared to any other coin. Shitcoins in the market follow Bitcoin, but when the value of Bitcoin increases, the value of Shitcoin does not increase, on the contrary, when the price of Bitcoin dumps a little, the value of Shitcoin decreases a lot. This is not only a problem in the case of sitcon, another problem is that if a large amount of investors invest in this coin, this coin can disappear from the market at any time. Since shitcoin has so many problems then why should we invest in shitcoin. I think one of the most reliable investment platform for investment is bitcoin and investors can definitely expect good things if they are patient by investing in this platform. I am a bitcoin investor myself and if I give someone an investment advice first tell them that you should invest in bitcoin and be patient here and invest as you wish.

[Mrbluntzy]

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

You speak as if DCA is one very specially investment of its own but it's not, every Bitcoin investor doesn't have to use DCA before they become profitable, I am not saying that the strategy of DCA is not good, it's good but let's assume I have $1 million dollars and I invested it all at once into Bitcoin and held it for twenty years and someone else started to DCA on the same month that I invested $1m, assuming he spends $10k every year on DCAing, in 20 years, he should have spent $200k total capital, you can not still compare his profit with mind. Because of my high amount that was invested, I still stand more chance to get more profit.

Since I don't have $1m right now and I am yet a student, DCA is beneficial for me because I will definitely buy Bitcoin only when I have the capital to buy and spread it into partitions to target different buy price.

[Tonimez]

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

You speak as if DCA is one very specially investment of its own but it's not, every Bitcoin investor doesn't have to use DCA before they become profitable, I am not saying that the strategy of DCA is not good, it's good but let's assume I have $1 million dollars and I invested it all at once into Bitcoin and held it for twenty years and someone else started to DCA on the same month that I invested $1m, assuming he spends $10k every year on DCAing, in 20 years, he should have spent $200k total capital, you can not still compare his profit with mind. Because of my high amount that was invested, I still stand more chance to get more profit.

Since I don't have $1m right now and I am yet a student, DCA is beneficial for me because I will definitely buy Bitcoin only when I have the capital to buy and spread it into partitions to target different buy price.

Investing $1M at once could also be regarded as lump-sum investment which is also an investment/investor strategy. Advocating for DCA doesn't make it the only strategy but it relieves investors of financial stress and external pressures. Let's assume that you eventually hit a contract that could give you $20M in a deal, there's nothing bad about investing with $1M in bitcoin at once. Imagine making $1.5M from a deal and you decide to invest $1M into bitcoin at once, it could amount to financial stress especially if you are a contract worker. With such investment, you may be forced to sell all or part sooner than you would have loved to sell it.

DCA and Discretionary income is aimed at ensuring that an investor also attend to his basic responsibility with little or no financial stress to also help prolong your life and health. While thinking about investment, also consider Life.

[Gallar]

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

DCA is indeed the simplest and most effective method for becoming a consistent long-term investor in bitcoin. Because the strategy relies on consistency in accumulation, this is a specialty of this DCA technique. So if someone can invest in bitcoin with consistency with the DCA technique for the next two cycles, I am also sure that the investor will reap quite satisfactory profits. But even though DCA is a very good buying strategy when used on bitcoin. But I personally also really like other purchasing strategies such as the Lumsump strategy. Because even with the Lumsump strategy, I think it is no less good than DCA. Although if you look at several things, DCA is indeed superior. But for people who are very busy but want to invest in bitcoin, this lumpsum method is very suitable for that type of person. Because by investing in bitcoin using the Lump sum method we don't need to look at the market often and of course this really saves time. So in essence, I personally really support any method for investing in Bitcoin. Because I'm sure whatever method it is, if it is done consistently, investing in Bitcoin will definitely still be profitable.

[Sim_card]

Conservative Bitcoin All Time High this cycle is $200,000. Optimistic All Time High, $500,000? If you're a DCA investor, this sort of market movement is the BEST for your strategy. 👏

Of course, no one hesitates to choose the best, that's why I have been following the DCA method for a long time and will continue to do so in the future. And the DCA method plays the best role in maximizing the value of Bitcoin, if Bitcoin is collected for a long time in the DCA method, it is able to maintain long-term investment.
However, since the day I have been holding Bitcoin in the DCA method, my investment has been growing, because I like to invest Bitcoin in the DCA method weekly.

I agree with you, In fact, if you invest in Bitcoin in DCA, The amount of benefit it will give you, without DCA It cannot be obtained in any other way. When Bitcoin exceeds $200K - $500K in the next cycle, then DCA investors will undoubtedly benefit the most. In fact, if DCA is continued continuously in the long term, an investor can benefit more than his expectations in the future, That's why for Bitcoin investing (logn term), DCA is the best investment method.

DCA is indeed the simplest and most effective method for becoming a consistent long-term investor in bitcoin. Because the strategy relies on consistency in accumulation, this is a specialty of this DCA technique. So if someone can invest in bitcoin with consistency with the DCA technique for the next two cycles, I am also sure that the investor will reap quite satisfactory profits. But even though DCA is a very good buying strategy when used on bitcoin. But I personally also really like other purchasing strategies such as the Lumsump strategy. Because even with the Lumsump strategy, I think it is no less good than DCA. Although if you look at several things, DCA is indeed superior. But for people who are very busy but want to invest in bitcoin, this lumpsum method is very suitable for that type of person. Because by investing in bitcoin using the Lump sum method we don't need to look at the market often and of course this really saves time. So in essence, I personally really support any method for investing in Bitcoin. Because I'm sure whatever method it is, if it is done consistently, investing in Bitcoin will definitely still be profitable.

Mixing the three methods will yield the best result ig done properly. However, whatever method that you use to accumulate bitcoin should be based on your own discretionary income and your own financial situation playing around you. The main focus is to keep your bitcoin accumulation journey ongoing overtime with consistent, persistent an d aggressive buying overtime.

You need to possess that continuous buying practice in you so that you can build and grow your bitcoin investment to a good height in future. It's good to be flexible with the market by exploiting the market with any of the methods best for the market and based on your preparations at that moment.

[Tonimez]

Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $95,000 at the moment. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors.


Bitcoin price dipped on Tuesday, reaching as low as $93,388 but recovering to close above $95,600 and currently below 95k. This price knee-jerk movement has  been fueled by the news that defunct crypto exchange FTX has begun repaying funds to customers with account balances of $50,000 or less

At this point, there's practically no genuine reason not to accumulate more bitcoin by any real investor. I guess the Dip everyone is clamouring for is finally here. In bitcoin investment, News is a very big factor and an influencer that could be both positive and negative.

[Derekfunds]

The Lump buying of Bitcoin emphasis more on investors choice and decision of buying rights away with the available amount regardless of the market conditions whether in dip or not

It will be more convenient to be specific when making use of the word crypto in this thread since it could mean varirans of coins whereas Bitcoin is the priority.

Lump buying is for those who are ready to face the consequences of it.
And if they are able to do so, having a good amount of money for the investment + properly managing the risks, however small they would be.

When you said lump summing is for those who are ready to face the consequences what do you mean by that. Because talking about... looks like traders and gamblers kind of stuff because if someone is actually lump summing to hold for some years then we shouldn't be talking or mentioning consequences here unless they used the money that is meant for other expenses to lump sum because if they do their holding won't last for long and they might even end up selling at loss. Lastly, whenever we are talking about Bitcoin investment risk should not be a factor because the word risk minimal in Bitcoin investment.