Buy the DIP, and HODL!

[Churchillvv]

You should have a long-term plan to invest in Bitcoin so that you can grow your wealth, but we can never determine the value of Bitcoin, however, if you have money left over from your income source after meeting the needs of your family, you can invest in Bitcoin regularly or weekly or monthly according to your ability. In this way, if you continue to invest for a long time, your investment will start to grow stronger.

Consider Bitcoin investment as a type of savings, which can be called Bitcoin savings. Set a goal and keep chasing that goal consistently. How long your savings journey will be depends on your goal, but at least keep saving for a cycle (4 years). There is no specific time limit on how long you can extend it, in this case you have to prioritize your goal. It is your sole decision whether to extend your savings journey or stop after achieving the goal. One thing that is advisable is that never sell the entire investment.

If you perceived bitcoin as a form of savings then you should know that savings is a life time goal and not just a few years goal hence if you consider bitcoin investment as your savings then you will probably deep hands into your savings to save yourself in days you need urgent money, hence making bitcoin investment you can consider it a life time savings that you would keep stacking up till a very large number of years, however at the same time, before you go for the goal of bitcoin as life time investment you should also make sure you have some kind of emergency funds or reserve funds to keep you going on days that might feel tempting to deep hands into your bitcoin investment.

[avp2306]

You should have a long-term plan to invest in Bitcoin so that you can grow your wealth, but we can never determine the value of Bitcoin, however, if you have money left over from your income source after meeting the needs of your family, you can invest in Bitcoin regularly or weekly or monthly according to your ability. In this way, if you continue to invest for a long time, your investment will start to grow stronger.

Consider Bitcoin investment as a type of savings, which can be called Bitcoin savings. Set a goal and keep chasing that goal consistently. How long your savings journey will be depends on your goal, but at least keep saving for a cycle (4 years). There is no specific time limit on how long you can extend it, in this case you have to prioritize your goal. It is your sole decision whether to extend your savings journey or stop after achieving the goal. One thing that is advisable is that never sell the entire investment.

If you perceived bitcoin as a form of savings then you should know that savings is a life time goal and not just a few years goal hence if you consider bitcoin investment as your savings then you will probably deep hands into your savings to save yourself in days you need urgent money, hence making bitcoin investment you can consider it a life time savings that you would keep stacking up till a very large number of years, however at the same time, before you go for the goal of bitcoin as life time investment you should also make sure you have some kind of emergency funds or reserve funds to keep you going on days that might feel tempting to deep hands into your bitcoin investment.

Maybe best way to define it is like a time deposit since if you think its saving you might have this thinking that you can take your funds out anytime.

If you have this time deposit mindset then provably that your mind is set to wait for the time your investment mature.

Also as always we better have separate funds for emergency purposes since this will save us for some cases that we didn't expect to happen and for sure if we have that we will make our finance systematize and our investment flow will became smooth. Proper handling is important because from here the discipline starts and there's good chance we succeed to our long term plans.

[JayJuanGee]

I personally believe that bitcoin will likely outgrow a lot of assets for a long time into the future, but surely the steepness of the growth curve is going to continue to be less steep.  The punchline in the end does not point to some other place in which we should put our money, so we just have to do what we can do, even if we happens to be new and/or early in our bitcoin accumulation journey.

I agree with you because there has yet no other assets that have physical or technical traits that can compete and win against Bitcoin in the present. In the future, I don't think any altcoins can be designed better than Bitcoin technically so there will be no Bitcoin killers.

Gold can not change its traits, and if any change occurs, it will only increase gold circulation and total supplies.
Altcoins as proven in many years can not compete with Bitcoin.

there is no digital asset that can compete bitcoin for now, but we can be sure it will be like this forever. life is unpredictable and the only thing constant in life is changes. there is a possibility that another thing may supersede bitcoin in the future just as bitcoin came into existent and superset gold. this new development may not be an altcoin but another form of technology. altcoin will forever be under bitcoin and can never do better than bitcoin. all we can do for now is to accumulate bitcoin stash as we can be able to now, since it is still the best digital asset to invest for now. life is all about switching to a more profitable, reliable, trust worthy and more long lasting investment that is more guaranteed. just as people shifted from gold to bitcoin. anything is possible in the future but like i said for now let us utilize bitcoin.

You talk like a shitcoiner to put out the idea that there could be another and better bitcoin, so we should be ready to switch if that happens.

Sure, I am with you that technically and theoretically you are correct, but still, we have nothing that is even close to bitcoin, so why do we need to be prepared to switch?

For now, stay focused on bitcoin, and yeah, I have no problem to be ready to switch if necessary, but you are speaking totally theoretically, and it seems quite unlikely that any thing is going to come along that is better than bitcoin..

Bitcoin had a bit of an advantage because it broke the paradigm and solved the double spend problem, and it was alone being built on for several years before any copy cats came about, and even the copy cats would probably need to be 10x or more better than bitcoin in order to cause a switching. 

So, I thin the point should be to stay focused on accumulating bitcoin through buying it persistently, consistently, ongoingly, regularly and possibly even aggressively until you get to a point of having enough or more than enough.

[Tungbulu]

I personally believe that bitcoin will likely outgrow a lot of assets for a long time into the future, but surely the steepness of the growth curve is going to continue to be less steep.  The punchline in the end does not point to some other place in which we should put our money, so we just have to do what we can do, even if we happens to be new and/or early in our bitcoin accumulation journey.

I agree with you because there has yet no other assets that have physical or technical traits that can compete and win against Bitcoin in the present. In the future, I don't think any altcoins can be designed better than Bitcoin technically so there will be no Bitcoin killers.

Gold can not change its traits, and if any change occurs, it will only increase gold circulation and total supplies.
Altcoins as proven in many years can not compete with Bitcoin.

there is no digital asset that can compete bitcoin for now, but we can be sure it will be like this forever. life is unpredictable and the only thing constant in life is changes. there is a possibility that another thing may supersede bitcoin in the future just as bitcoin came into existent and superset gold. this new development may not be an altcoin but another form of technology. altcoin will forever be under bitcoin and can never do better than bitcoin. all we can do for now is to accumulate bitcoin stash as we can be able to now, since it is still the best digital asset to invest for now. life is all about switching to a more profitable, reliable, trust worthy and more long lasting investment that is more guaranteed. just as people shifted from gold to bitcoin. anything is possible in the future but like i said for now let us utilize bitcoin.

You talk like a shitcoiner to put out the idea that there could be another and better bitcoin, so we should be ready to switch if that happens.

Sure, I am with you that technically and theoretically you are correct, but still, we have nothing that is even close to bitcoin, so why do we need to be prepared to switch?

For now, stay focused on bitcoin, and yeah, I have no problem to be ready to switch if necessary, but you are speaking totally theoretically, and it seems quite unlikely that any thing is going to come along that is better than bitcoin..

Bitcoin had a bit of an advantage because it broke the paradigm and solved the double spend problem, and it was alone being built on for several years before any copy cats came about, and even the copy cats would probably need to be 10x or more better than bitcoin in order to cause a switching. 

So, I thin the point should be to stay focused on accumulating bitcoin through buying it persistently, consistently, ongoingly, regularly and possibly even aggressively until you get to a point of having enough or more than enough.

That's right @Berry2d's previous response is a lot more theoretical and rather than just focusing on mere theory, it'll be a lot more beneficial to focus on the current reality. Bitcoin's first mover advantage, it's paradigm shifting solution to the double spending and of course its years of solo development has given Bitcoin quite a significant lead. And given the current landscape, it seems more reasonable and of course more realistic to prioritize accumulating Bitcoin through consistent and regular buyings. The whole idea about needing a 10x improvement for an alternative to outperform Bitcoin is a great and notable point too, and if not for anything, I would've say it's impossible for any existing shitcoin or non-bitcoin to match Bitcoin's network effects, adoption and security, let alone surpassing it, so the chances are pretty much zero.

It's a lot more practical and effective to stick to accumulating Bitcoin until reaching a desired level of accumulation. By prioritizing consistent accumulation, investors are able to take full advantage of the asset's current position and potentially benefit from its long term growth and performance.

Inasmuch as it's crucial for every investor to be prepared for potential future changes, it's still worth nothing that, this doesn't necessarily have to mean diverting attention away from Bitcoin. It's rather about always staying informed and having the readiness to make necessary adjustments in their approach and strategies if circumstances changes. But for now, consistent accumulation of Bitcoin seems like a more solid and realistic plan and approach towards Bitcoin.

[Olatundespo]

Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.

I think it is really hard to time the Bitcoin market. I know people from previous cycles, who want to invest in bitcoin and looking for the perfect entry point but they kept waiting. Similarly, people try to find the exact top for exiting the markets, but they always end up holding for too long, because it's hard for retail to time the market. The best thing retail investors should do is to DCA at all levels, whether they are buying or selling bitcoin.

To me, it is only the institutions that can time the market, as they are the ones who know when to pump and dump the market. In fact, they have the money to move the market according to their will.

It is not really easy to time the market as most person thinks. Timing the market because of waiting for a desire dip which may or may not occur can make an investor to miss market opportunities. So DCA strategy is a very good strategy that is stress free and the pressure of always timing the market is not there. This strategy allows an investor to make informed decision and to be able to build a good portfolio in bitcoin in the long run.
I disagree with what you said about the fact that only institutions can time the market, even for institutions it is still hard for them to speculate or predict exactly the market direction. There is no institution that have control over the price of bitcoin and as such they will only try to speculate the market direction.

The difference is clear.
The DCA strategy provides a more consistent, long-term approach by making people feel little or no pressure since they don't have to predict how the market will go which makes it great to develop a steady portfolio and accumulation of more volatile asset (Bitcoin), whereas market timing can be difficult for both individual investors and organizations.
 DCA approach keeps Bitcoin as an asset that it is not gambling.

Absolutely, DCA promotes steady long term accumulation of bitcoin, making it one of the best methods for building a portfolio without looking at the volatility of the Bitcoin. DCA transforms Bitcoin investing into a disciplined strategy, helps in steady growth, therefore reducing the urge to outsmart Bitcoin potentials and helps in accumulating bitcoin and hodl for a long period of time

DCA method doesn't help reduce the urge to outsmart Bitcoin potential. Outsmarting is a mindset and choice someone already have and so if you are using the DCA and you have this mindset, you will definitely tend or try to outsmart Bitcoin, DCA help an investor invest at any given price of the market with ease. The DCA is the best strategy ever but yet some people are complaining even when they are using it do you know why? It Is because they are not using it well, some try to do funny things but you can not do something funny and get away with it unless you correct it immediately.

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

The DCA strategy is a great strategy for Bitcoin accumulation but to keep it going in the long term you should practice how to be active in investing in discretionary income backup funds and emergency situations. Keep the size of the floating fund and mental preparation formed so that Bitcoin holdings can be kept safe in any situation and keep the accumulation going.

[kanftka]

I personally believe that bitcoin will likely outgrow a lot of assets for a long time into the future, but surely the steepness of the growth curve is going to continue to be less steep.  The punchline in the end does not point to some other place in which we should put our money, so we just have to do what we can do, even if we happens to be new and/or early in our bitcoin accumulation journey.

I agree with you because there has yet no other assets that have physical or technical traits that can compete and win against Bitcoin in the present. In the future, I don't think any altcoins can be designed better than Bitcoin technically so there will be no Bitcoin killers.

Gold can not change its traits, and if any change occurs, it will only increase gold circulation and total supplies.
Altcoins as proven in many years can not compete with Bitcoin.

there is no digital asset that can compete bitcoin for now, but we can be sure it will be like this forever. life is unpredictable and the only thing constant in life is changes. there is a possibility that another thing may supersede bitcoin in the future just as bitcoin came into existent and superset gold. this new development may not be an altcoin but another form of technology. altcoin will forever be under bitcoin and can never do better than bitcoin. all we can do for now is to accumulate bitcoin stash as we can be able to now, since it is still the best digital asset to invest for now. life is all about switching to a more profitable, reliable, trust worthy and more long lasting investment that is more guaranteed. just as people shifted from gold to bitcoin. anything is possible in the future but like i said for now let us utilize bitcoin.

You talk like a shitcoiner to put out the idea that there could be another and better bitcoin, so we should be ready to switch if that happens.

Sure, I am with you that technically and theoretically you are correct, but still, we have nothing that is even close to bitcoin, so why do we need to be prepared to switch?

I hope Berry2d gets the message you passed here, bcus I lowkey feel like all this talk about “something better than Bitcoin” is just a noise for now.. Like, people forget this are not just about code or speed or whatever tech flex they bring, Bitcoin is way deeper than that. It’s battle tested… It has earned its stripes… All these other coins might look good on paper but they have never faced what BTC has survived and still came out solid.

And fr, what exactly are we switching to? Some VC backed project with a pre mine and a slick website? Bitcoin was not handed to us, it grew out the mud. That history and trust can not be replicated any time soon, and no whitepaper is gonna change that.

So yeah, maybe something might sound better, but real ones know there is levels to this. Bitcoin is still the standard and nothing else is even close rn. No need to be preparing to switch when there is nothing worth switching to….

So, I thin the point should be to stay focused on accumulating bitcoin through buying it persistently, consistently, ongoingly, regularly and possibly even aggressively until you get to a point of having enough or more than enough.

You’ve just said it all, jst stay focus and keep buying Bitcoin as much as you can..

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Bro I’m not even tryna fight ur opinion, but I feel like you’re kinda overcomplicating something that is meant to make life easier for the average person. DCA ain’t some low tier strategy that needs upgrading, it is literally how most people stay sane while stacking.

You talk about “having your own strategy” like everyone is sitting on some secret sauce or perfect entry plan. Truth is, most people trying to time the market just end up wrecked… They either FOMO in too high or wait too long hoping for a dip that never comes… DCA cuts through all that BS, it gives you structure, routine, and stops your emotions from hijacking your money.

And the whole “it increases the unit price” thing… yeah, sometimes won’t lie.. But that is just part of the game. It also protects you when prices drop… That is why it’s called averaging. It balances out the highs and lows, especially over time. You’re not gonna get the bottom every time, but you also don’t need to…

Not saying it is the only way, but for real, if you’ve got responsibilities, a job, family, school, whatever, DCA fits into life without needing 24/7 market obsession…

[Futurexxx]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy.

Looking at this statement from you and your rank in the forum, I expected you to know more honestly because the DCA accumulating strategy has proven overtime the best way to accumulate Bitcoin even as a low and average income earner, because you are going to be buying either weekly or monthly according to your financial strength, if you are consistent in your accumulation, before you knows it, you will reach your accumulation goals very quick, but you are here talking of your own completely different and innovative accumulation strategy, so am just curious, can you throw more light on it?
Or you are talking about timing the market or buying the dip? Because if that's the case here, that is actually lame because you may be thinking that you are trying to outsmart the market by waiting for the dip, but you actually don't know that you will be wasting a whole lot of buying opportunities, and most times you wouldn't even buy at all because you are going to think that the price will go deeper, so it's not a wise way to accumulate Bitcoin if you really want to reach your accumulation goals very quick.

[Joy- maker]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Buddy I don't know any other strategy you feel will should apply to our bitcoin investment in other to increase our bitcoin holding apart from the regular strategies which are DCA, buying the dip and lump-sum, but responding to your first paragraph you're wrong about DCA, because DCA strategy is best strategy for bitcoin accumulation and almost everybody out there consider DCA the best strategy of time, because it allows us to buy bitcoin at any fucking time regardless of the market condition since our mindset is  long term holding 4 to 10 years or longer. DCA strategy also make us who are investing in bitcoin for long term to be consistence in accumulating bitcoin either on a weekly basis or on a monthly basis with our discretionary income and hold, because you can only reasonable profit from bitcoin when you accumulate a good portion of bitcoin and hold.

[ruykeri]

Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.

I think it is really hard to time the Bitcoin market. I know people from previous cycles, who want to invest in bitcoin and looking for the perfect entry point but they kept waiting. Similarly, people try to find the exact top for exiting the markets, but they always end up holding for too long, because it's hard for retail to time the market. The best thing retail investors should do is to DCA at all levels, whether they are buying or selling bitcoin.

To me, it is only the institutions that can time the market, as they are the ones who know when to pump and dump the market. In fact, they have the money to move the market according to their will.

It is not really easy to time the market as most person thinks. Timing the market because of waiting for a desire dip which may or may not occur can make an investor to miss market opportunities. So DCA strategy is a very good strategy that is stress free and the pressure of always timing the market is not there. This strategy allows an investor to make informed decision and to be able to build a good portfolio in bitcoin in the long run.
I disagree with what you said about the fact that only institutions can time the market, even for institutions it is still hard for them to speculate or predict exactly the market direction. There is no institution that have control over the price of bitcoin and as such they will only try to speculate the market direction.

I completely agree with you. The two things you said here are really important for those who are investing in Bitcoin. In fact, we should not worry about the price of Bitcoin going to dip. Investors should forget the word DIP. Those who have an intention towards dip cannot invest for an ultimate long time. Those who think of buying Bitcoin at DIP, they sell it when the price is comparatively high. And those who follow DCA and invest in Bitcoin for a long time, they do not worry about the price being low or high.  From discretionary income, they just continue their accumulation To achieve the desired goal. And if invest by following DCA, there is no external pressure and even if anyone get into financial problems, an emergency fund reserve fund is ready to turn around from it. And many people confuse Bitcoin with other altcoins, that's why they think that big companies can accurately predict the future price of Bitcoin. In fact, no one can accurately predict the future price of Bitcoin. However, based on past experience and current demand, it can only be assumed that Bitcoin will be much more valuable in the future than it is now.

[Rockstarguy]

Consider Bitcoin investment as a type of savings, which can be called Bitcoin savings. Set a goal and keep chasing that goal consistently. How long your savings journey will be depends on your goal, but at least keep saving for a cycle (4 years). There is no specific time limit on how long you can extend it, in this case you have to prioritize your goal. It is your sole decision whether to extend your savings journey or stop after achieving the goal. One thing that is advisable is that never sell the entire investment.

If you are investing in Bitcoin and consider it as an investment, there is a high probability of tampering with the investment when you are really in need of money. This is the reason why it is important for investors to have a backup fund while investing in Bitcoin.

This backup fund is the money that can be used for emergencies when money is needed. Investing in Bitcoin and considering it as a savings investment makes it impossible to keep your eyes and mind off it when you really need money to solve problems. While investing in Bitcoin, you also need to plan for having backup funds that can save you when you are in trouble. If you don't have them, you might be depending on your Bitcoin savings investment to save you when you fall into an emergency.

[Wind_FURY]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Buddy I don't know any other strategy you feel will should apply to our bitcoin investment in other to increase our bitcoin holding apart from the regular strategies which are DCA, buying the dip and lump-sum, but responding to your first paragraph you're wrong about DCA, because DCA strategy is best strategy for bitcoin accumulation and almost everybody out there consider DCA the best strategy of time, because it allows us to buy bitcoin at any fucking time regardless of the market condition since our mindset is  long term holding 4 to 10 years or longer. DCA strategy also make us who are investing in bitcoin for long term to be consistence in accumulating bitcoin either on a weekly basis or on a monthly basis with our discretionary income and hold, because you can only reasonable profit from bitcoin when you accumulate a good portion of bitcoin and hold.

It actually depends on your preference, your situation in life, your age, your marital status, and other things that may or may not make you more comfortable in a particular strategy.

There's also the timing, luck, and which part of the cycle Bitcoin is currently in. I admit that I merely got lucky with the timing in 2019. I had the savings, and I had NO responsibilities/distractions.

[Loyang]

Consider Bitcoin investment as a type of savings, which can be called Bitcoin savings. Set a goal and keep chasing that goal consistently. How long your savings journey will be depends on your goal, but at least keep saving for a cycle (4 years). There is no specific time limit on how long you can extend it, in this case you have to prioritize your goal. It is your sole decision whether to extend your savings journey or stop after achieving the goal. One thing that is advisable is that never sell the entire investment.

If you are investing in Bitcoin and consider it as an investment, there is a high probability of tampering with the investment when you are really in need of money. This is the reason why it is important for investors to have a backup fund while investing in Bitcoin.

This backup fund is the money that can be used for emergencies when money is needed. Investing in Bitcoin and considering it as a savings investment makes it impossible to keep your eyes and mind off it when you really need money to solve problems. While investing in Bitcoin, you also need to plan for having backup funds that can save you when you are in trouble. If you don't have them, you might be depending on your Bitcoin savings investment to save you when you fall into an emergency.

We need to have an emergency fund to protect our investments. If there is no emergency fund, then in that case, we need to create an emergency fund along with the investment. After creating an emergency fund, you can create separate funds. For example, you can create a backup fund, a reserve fund, etc. so that your investment can be more secure.

But it is not always right to take money from the emergency fund. When you have no other option except your emergency fund, then you can take money from the emergency fund to deal with your financial crises. You can create a backup fund, etc. to deal with small financial crises.

[Jostern]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Buddy I don't know any other strategy you feel will should apply to our bitcoin investment in other to increase our bitcoin holding apart from the regular strategies which are DCA, buying the dip and lump-sum, but responding to your first paragraph you're wrong about DCA, because DCA strategy is best strategy for bitcoin accumulation and almost everybody out there consider DCA the best strategy of time, because it allows us to buy bitcoin at any fucking time regardless of the market condition since our mindset is  long term holding 4 to 10 years or longer. DCA strategy also make us who are investing in bitcoin for long term to be consistence in accumulating bitcoin either on a weekly basis or on a monthly basis with our discretionary income and hold, because you can only reasonable profit from bitcoin when you accumulate a good portion of bitcoin and hold.

It actually depends on your preference, your situation in life, your age, your marital status, and other things that may or may not make you more comfortable in a particular strategy.

There's also the timing, luck, and which part of the cycle Bitcoin is currently in. I admit that I merely got lucky with the timing in 2019. I had the savings, and I had NO responsibilities/distractions.

Definitely there are always factors to consider when starting out investment, most importantly having the financial capacity of having a discretionary income, so when we consider our situation in life could be more of financial availability and being able to afford our expenses and paying our bills which are primary and essential needs as well, I really don’t think that we should consider our age when we want to start investing in Bitcoin, life is always full of uncertainty, considering that we’ve a discretionary income and we can continue to accumulate Bitcoin on a regular basis, marriage and all that are just all a bonus and also will still have to deal with our financial situation and expenses.

I think if we’ve a financial income, definitely everyone have a financial responsibility, and that is why we need an income to take care of our financial responsibilities, and then we choose to invest in Bitcoin we could also consider having financial income to sustain our financial responsibilities and also sustain our Bitcoin investment, the timing of making an investment in Bitcoin is always now possibly with a discretionary income available.

[POPOLUV]

Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.

I think it is really hard to time the Bitcoin market. I know people from previous cycles, who want to invest in bitcoin and looking for the perfect entry point but they kept waiting. Similarly, people try to find the exact top for exiting the markets, but they always end up holding for too long, because it's hard for retail to time the market. The best thing retail investors should do is to DCA at all levels, whether they are buying or selling bitcoin.

To me, it is only the institutions that can time the market, as they are the ones who know when to pump and dump the market. In fact, they have the money to move the market according to their will.

It is not really easy to time the market as most person thinks. Timing the market because of waiting for a desire dip which may or may not occur can make an investor to miss market opportunities. So DCA strategy is a very good strategy that is stress free and the pressure of always timing the market is not there. This strategy allows an investor to make informed decision and to be able to build a good portfolio in bitcoin in the long run.
I disagree with what you said about the fact that only institutions can time the market, even for institutions it is still hard for them to speculate or predict exactly the market direction. There is no institution that have control over the price of bitcoin and as such they will only try to speculate the market direction.

The difference is clear.
The DCA strategy provides a more consistent, long-term approach by making people feel little or no pressure since they don't have to predict how the market will go which makes it great to develop a steady portfolio and accumulation of more volatile asset (Bitcoin), whereas market timing can be difficult for both individual investors and organizations.
 DCA approach keeps Bitcoin as an asset that it is not gambling.

Absolutely, DCA promotes steady long term accumulation of bitcoin, making it one of the best methods for building a portfolio without looking at the volatility of the Bitcoin. DCA transforms Bitcoin investing into a disciplined strategy, helps in steady growth, therefore reducing the urge to outsmart Bitcoin potentials and helps in accumulating bitcoin and hodl for a long period of time

DCA method doesn't help reduce the urge to outsmart Bitcoin potential. Outsmarting is a mindset and choice someone already have and so if you are using the DCA and you have this mindset, you will definitely tend or try to outsmart Bitcoin, DCA help an investor invest at any given price of the market with ease. The DCA is the best strategy ever but yet some people are complaining even when they are using it do you know why? It Is because they are not using it well, some try to do funny things but you can not do something funny and get away with it unless you correct it immediately.

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

The DCA strategy is a great strategy for Bitcoin accumulation but to keep it going in the long term you should practice how to be active in investing in discretionary income backup funds and emergency situations. Keep the size of the floating fund and mental preparation formed so that Bitcoin holdings can be kept safe in any situation and keep the accumulation going.

Why so many investors emback on using DCA strategy is not because is the best when it comes to Bitcoin investments but it is because DCA strategy allows so many investors and more especially the newbies prefer using DCA strategy because the DCA strategy allows them to buy Bitcoin small small without being afraid of Bitcoin fluctuation and with DCA strategy you can't afford to lose or your mindset will not be monitoring the market price time to time just because of being afraid of losing your money but with DCA strategy will only focus on building up your Bitcoin portfolio because you will be free minded with your investments.

[imthegreat]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Buddy I don't know any other strategy you feel will should apply to our bitcoin investment in other to increase our bitcoin holding apart from the regular strategies which are DCA, buying the dip and lump-sum, but responding to your first paragraph you're wrong about DCA, because DCA strategy is best strategy for bitcoin accumulation and almost everybody out there consider DCA the best strategy of time, because it allows us to buy bitcoin at any fucking time regardless of the market condition since our mindset is  long term holding 4 to 10 years or longer. DCA strategy also make us who are investing in bitcoin for long term to be consistence in accumulating bitcoin either on a weekly basis or on a monthly basis with our discretionary income and hold, because you can only reasonable profit from bitcoin when you accumulate a good portion of bitcoin and hold.

DCA is so simple and effective that when newbies ask me: "When is the best time to invest?" I advise them not to rush and not to try to guess where the bottom of the Bitcoin price will be. After all, this is stupid. I always say that you just need to split your free funds into several investments and systematically buy Bitcoin from month to month, without selling it and setting exclusively long-term goals. This strategy allows you not to worry about the price and sleep peacefully.

And even if there are worries about the price, then over time they will disappear, because those who invest according to DCA receive a part of the Bitcoin at excellent prices, and this should relieve any investor - experienced or newbie - from worries.

[Cgrexp]

Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.

I think it is really hard to time the Bitcoin market. I know people from previous cycles, who want to invest in bitcoin and looking for the perfect entry point but they kept waiting. Similarly, people try to find the exact top for exiting the markets, but they always end up holding for too long, because it's hard for retail to time the market. The best thing retail investors should do is to DCA at all levels, whether they are buying or selling bitcoin.

To me, it is only the institutions that can time the market, as they are the ones who know when to pump and dump the market. In fact, they have the money to move the market according to their will.

It is not really easy to time the market as most person thinks. Timing the market because of waiting for a desire dip which may or may not occur can make an investor to miss market opportunities. So DCA strategy is a very good strategy that is stress free and the pressure of always timing the market is not there. This strategy allows an investor to make informed decision and to be able to build a good portfolio in bitcoin in the long run.
I disagree with what you said about the fact that only institutions can time the market, even for institutions it is still hard for them to speculate or predict exactly the market direction. There is no institution that have control over the price of bitcoin and as such they will only try to speculate the market direction.

I completely agree with you. The two things you said here are really important for those who are investing in Bitcoin. In fact, we should not worry about the price of Bitcoin going to dip. Investors should forget the word DIP. Those who have an intention towards dip cannot invest for an ultimate long time. Those who think of buying Bitcoin at DIP, they sell it when the price is comparatively high. And those who follow DCA and invest in Bitcoin for a long time, they do not worry about the price being low or high.  From discretionary income, they just continue their accumulation To achieve the desired goal. And if invest by following DCA, there is no external pressure and even if anyone get into financial problems, an emergency fund reserve fund is ready to turn around from it. And many people confuse Bitcoin with other altcoins, that's why they think that big companies can accurately predict the future price of Bitcoin. In fact, no one can accurately predict the future price of Bitcoin. However, based on past experience and current demand, it can only be assumed that Bitcoin will be much more valuable in the future than it is now.

DIP means buying when the price drops. In my eyes, the two characteristics of DIP are one beneficial and the other harmful. But for whom is it beneficial and for whom is it harmful? Basically those who use DIP in the right way and see it as an opportunity.

A new investor. Whose monthly income is limited. He has no plan. He thinks that if the price drops, he will profit if he buys. So he invests after hearing about DIP. After buying, he sees that the price has dropped further and he is scared and sells it. Again, when he sees that the price has increased, he thinks that it would have been better to buy earlier. Thus, he falls behind and loses the opportunity. Thus, there is no continuity in his investment, but he often faces losses. If he had invested a part of his income through DCA in the beginning, he would not have had to face so many worries and losses. If he had bought regularly through DCA, the market fluctuations would not have affected him, so his investment would have been planned, regular and stress-free. Therefore, the intention of buying DIP out of greed and selling it when the price rises is very risky. Especially for new investors, I do not support DIP.

 Now let's come to how is DIP beneficial i.e. like an opportunity. In my opinion DIP is profitable with the right strategy. But it is not suitable for everyone. Suppose a person invests $1,000 per month in DCA strategy. He budgets his discretionary income in such a way that after all expenses, emergency funds and investments, he keeps some money in DIP fund. Suppose,He sees that the market has dipped 20 percent in July. He invested a total of $1,200 in July. Here $1000 is his regular monthly DCA investment and an additional $200 from DIP fund. And if there is no DIP next month, he invests only $1000 as DCA. Here, DIP has provided him with an additional opportunity without any pressure or obligation. In addition to continuing his main investment regularly in DCA strategy, when he has financial capacity and the market situation is favorable, he takes advantage of additional opportunities by using DIP. In this, he continues his regular investment and he does not take any pressure from market fluctuations. DIP is a strategy that not everyone can use and should not do.

 In my opinion, if there is financial capacity, those who are able to keep extra money in hand in addition to conducting DCA in a planned manner can take DIP as an opportunity. DIP is not mandatory. It is effective for capable, experienced and aware investors. So I think DIP is an opportunity in the hands of the wise and a danger in the hands of the inexperienced.

[blackberrman]

Even though the DCA strategy is the best strategy for Bitcoin, you cannot consider it the best strategy of all time because you have some of your own strategies that are completely different and innovative compared to this strategy. Regardless of the price this method is recommended for accumulating Bitcoin but during the continuous increase in price you should review the fact that this method increases/decreases the unit price as the holding increases in your portfolio and apply your own strategy accordingly. Therefore you need to apply some of your own strategies in terms of investment that will increase the holding over time and reduce the average price.

Buddy I don't know any other strategy you feel will should apply to our bitcoin investment in other to increase our bitcoin holding apart from the regular strategies which are DCA, buying the dip and lump-sum, but responding to your first paragraph you're wrong about DCA, because DCA strategy is best strategy for bitcoin accumulation and almost everybody out there consider DCA the best strategy of time, because it allows us to buy bitcoin at any fucking time regardless of the market condition since our mindset is  long term holding 4 to 10 years or longer. DCA strategy also make us who are investing in bitcoin for long term to be consistence in accumulating bitcoin either on a weekly basis or on a monthly basis with our discretionary income and hold, because you can only reasonable profit from bitcoin when you accumulate a good portion of bitcoin and hold.

Yes, if you want to increase your holdings, it is essential to use the DCA strategy. If you use the DCA strategy, you will not make these mistakes. Many investors think that if the price of Bitcoin is dumping, they will buy, but in reality, the opposite happens and then they lag behind. Therefore, the DCA strategy is the best for them because DCA gives us the opportunity to buy Bitcoin regularly without worrying about market timing. For those who have planned to invest in Bitcoin for a long time and have a long-term plan, DCA is a kind of gold for their future.

[Fuso.hp]

You should have a long-term plan to invest in Bitcoin so that you can grow your wealth, but we can never determine the value of Bitcoin, however, if you have money left over from your income source after meeting the needs of your family, you can invest in Bitcoin regularly or weekly or monthly according to your ability. In this way, if you continue to invest for a long time, your investment will start to grow stronger.

Consider Bitcoin investment as a type of savings, which can be called Bitcoin savings. Set a goal and keep chasing that goal consistently. How long your savings journey will be depends on your goal, but at least keep saving for a cycle (4 years). There is no specific time limit on how long you can extend it, in this case you have to prioritize your goal. It is your sole decision whether to extend your savings journey or stop after achieving the goal. One thing that is advisable is that never sell the entire investment.

If you perceived bitcoin as a form of savings then you should know that savings is a life time goal and not just a few years goal hence if you consider bitcoin investment as your savings then you will probably deep hands into your savings to save yourself in days you need urgent money, hence making bitcoin investment you can consider it a life time savings that you would keep stacking up till a very large number of years, however at the same time, before you go for the goal of bitcoin as life time investment you should also make sure you have some kind of emergency funds or reserve funds to keep you going on days that might feel tempting to deep hands into your bitcoin investment.

If we consider investing in Bitcoin as a matter of whether the investment will be made continuously or whether this Bitcoin investment can be held for a long time, I think Bitcoin investment should be compared to that. There are many investors who do not trust keeping money in the bank, that is why they invest the remaining money in Bitcoin excluding their expenses and they consider this investment as savings. Although savings and investment are two different things, but if you think of savings as investing in Bitcoin continuously, then there is nothing wrong with considering investment as savings.

In the second line, you have highlighted another important point, which is to form an emergency fund to make investments continuously. An investor knows how important an emergency fund is for investment, many times when the need for money arises, the amount of money that an investor used to invest continuously is not invested by the investor, which results in investors becoming erratic in their investments. But if there is an emergency fund at that time, then even if the economic situation is bad, the investment will be continuous. Basically, those who are very serious about their investments are usually the ones who think of forming an emergency fund.

[Localhostspeed]

Why so many investors emback on using DCA strategy is not because is the best when it comes to Bitcoin investments but it is because DCA strategy allows so many investors and more especially the newbies prefer using DCA strategy because the DCA strategy allows them to buy Bitcoin small small without being afraid of Bitcoin fluctuation and with DCA strategy you can't afford to lose or your mindset will not be monitoring the market price time to time just because of being afraid of losing your money but with DCA strategy will only focus on building up your Bitcoin portfolio because you will be free minded with your investments.

DCA isn't only about newbies, those who owned Bitcoin before now can use dollar cost average to buy and sell Bitcoin because at the end of the day, you are when you add all the prices you have been buying Bitcoin, you are going to have an average price of it. If at that period of your buy the market was dumping, you are going to have an average lower price and if it's when Bitcoin is pumping, you are going to have an average pump price but the good thing is, you are going to be winning.

Not everyone has money to buy everything at once, this is why this method buying Bitcoin remains one of the best. You are free to enter the market when you like and to don't have to worry if the Bitcoin price is high or the price is low. If it's low, it's an added advantage to buy more because by the time the market bounce back, you are going to be at the top.

[blackberrman]

Why so many investors emback on using DCA strategy is not because is the best when it comes to Bitcoin investments but it is because DCA strategy allows so many investors and more especially the newbies prefer using DCA strategy because the DCA strategy allows them to buy Bitcoin small small without being afraid of Bitcoin fluctuation and with DCA strategy you can't afford to lose or your mindset will not be monitoring the market price time to time just because of being afraid of losing your money but with DCA strategy will only focus on building up your Bitcoin portfolio because you will be free minded with your investments.

DCA isn't only about newbies, those who owned Bitcoin before now can use dollar cost average to buy and sell Bitcoin because at the end of the day, you are when you add all the prices you have been buying Bitcoin, you are going to have an average price of it. If at that period of your buy the market was dumping, you are going to have an average lower price and if it's when Bitcoin is pumping, you are going to have an average pump price but the good thing is, you are going to be winning.

Not everyone has money to buy everything at once, this is why this method buying Bitcoin remains one of the best. You are free to enter the market when you like and to don't have to worry if the Bitcoin price is high or the price is low. If it's low, it's an added advantage to buy more because by the time the market bounce back, you are going to be at the top.

Using this DCA strategy, not only the rich but also the poor or those who have met the needs of their family from their source of income can invest with the remaining money. In this case, the DCA strategy is a ray of hope for them because through it they can invest in small amounts weekly or monthly. At the same time, if they continue this investment for a long time, they will continue to be skilled investors. They will be able to strengthen their investments at some point. This is the real beauty of the DCA strategy.