Buy the DIP, and HODL!

[POPOLUV]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I believe that no investors here that is impersonating to any one ways of life when it comes to Bitcoin investments because everyone has the right to do what him/her think will be beneficial to them and so many investors here is in this forum to share ideas were necessary on the best options to choose when it comes to Bitcoin investments, because many investors prefer trading in shorter run because they couldn't have  the patient to for a long term run but always in desperation to make quick money, which with the ideas that so many has contributed in this thread that if you eventually put your mindset on monitoring  of Bitcoin price in the market that means you are gambling and you will surely lose so much profit in the process of gambling, which could have gotten more profits and save you from risking your money assuming you undergose the long term investment using DCA strategy which allows you to buy small small and accumulate in a long term without being afraid of losing.

[Lembo69]

There’s indeed a high risk in trading because it’s volatility can lead to rapid losses, especially with leverage. And trading is one thing that will require good time management, you’ll always have to monitor it. And as such it’s not advisable to go into such.

Investing in bitcoin is indeed the best practice, and patient is a principal thing when investing in bitcoin, since it’s long term price appreciation has been proven, although there maybe short time price fluctuations. But regular buying  and accumulating more bitcoin over time with your discretionary income using DCA strategy will save you stress and reduce the impact of volatility.

When a person trades with Bitcoin, he has to start this business with a relatively high risk. Another difficulty in trading is that a trader has to observe the market well at all times and how the candles are changing. If a trader makes a mistake, there is a possibility of a big loss of money, so I agree with what you said about DCA investment. Investing in Bitcoin is a relatively low-risk step and here an investor can continue investing by ensuring maximum security of money.
In the DCA investment method, an investor can invest independently as well as he can hold this investment for a long time. So I think we should pay more attention to Bitcoin instead of wasting time on trading unnecessarily.

OP, what you said is not to waste time unnecessarily in trading. It is not exactly a waste of time, your idea is wrong. If you are good at trading, then do trading. That is why people are encouraged to do investment, trading is risky. But for a person who understands trading, it is just normal.

You will invest for the future. And it will be risk-free. If you want, you can also increase your portfolio through the DCA strategy. A trader takes risks if he does not monitor the market and he loses his money. But an investor does not lose until he sells his investment. Unless he is a victim of hacking. Investment will bring profit even after a long time. But there is no guarantee in trading. So if you want to make a risk-free investment, invest in Bitcoin through the DCA strategy. However, if someone wants to risk his money and trade, then that is his personal matter. But I think that even to avoid risk, one should invest in Bitcoin through the DCA strategy or through the long term.

[fredericktaylor]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I believe that no investors here that is impersonating to any one ways of life when it comes to Bitcoin investments because everyone has the right to do what him/her think will be beneficial to them and so many investors here is in this forum to share ideas were necessary on the best options to choose when it comes to Bitcoin investments, because many investors prefer trading in shorter run because they couldn't have  the patient to for a long term run but always in desperation to make quick money, which with the ideas that so many has contributed in this thread that if you eventually put your mindset on monitoring  of Bitcoin price in the market that means you are gambling and you will surely lose so much profit in the process of gambling, which could have gotten more profits and save you from risking your money assuming you undergose the long term investment using DCA strategy which allows you to buy small small and accumulate in a long term without being afraid of losing.

It is true that everyone has the right to invest in Bitcoin in their own way. There are many people who are helping with their experience and good advice on this forum. On the other hand, there are many who prefer to make money by investing in the short term, they cannot have the patience to invest in the long term, because they want to get rich quickly. Investing in the short term in the hope of quick profit is like gambling, through this investment you can lose your money at any time. So by investing in the long term, the amount of risk can be reduced and there is a possibility of getting more profit in the future. We can plan long-term investment through the (DCA) method, through (DCA) there is absolutely no possibility of losing money by investing in small amounts gradually and it becomes much easier to collect more Bitcoins in the future without risk.

[Jewan420]

We can plan long-term investment through the (DCA) method, through (DCA) there is absolutely no possibility of losing money by investing in small amounts gradually and it becomes much easier to collect more Bitcoins in the future without risk.

I often say, never say Bitcoin investment is completely risk-free. Never make guaranteed comments about the future. This can have a negative impact on a new investor. If a new investor trusts your words and enters the investment and somehow suffers a loss, would you be willing to take responsibility for that? No, you would never want to take it. Investment is still not risk-free, even in the long term.

So you should say it in a way that a new investor does not consider Bitcoin investment to be completely risk-free and can be careful about risk management. Risk management in investment is certainly important and if you ignore risk management, you may face losses. Your risk may be reduced somewhat in a long-term plan with the DCA strategy, but it is not risk-free.

No matter what kind of strategy and steps you take in investment, long-term Bitcoin investment is still not 100% risk-free. Although with the right strategy and proper planning, the chances of losing (risk) are very low, we should not ignore the fact that there is a slight chance of losing. So always try to educate yourself on risk management and also practice investment management.

[Kelward]

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

I understand that this thread priotize Bitcoin investment over trading but yet I've seen a few guys that I know personally who combines the two and they're doing well for themselves. Although I cannot advice anybody to combine the two but it doesn't mean that a few people are not combining it and making profit. They have none custodial wallet for investment and exchange account for trading. But most people who combines them fails woefully because trading can be a distraction for most investors.

I emphasize again that I cannot advice anybody to combine trading and investment, those individuals that I mentioned are experienced trading professionals and they don't depend on trading profits to survive. A fact is that if you place trading and investment on a scale, investment weighs far better than trading because it carries far lesser risk than trading that is why Bitcoin investment is highly recommended. 

[Obulis]

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon

Most of the people that are always waiting for the DIP to happen before they invest in bitcoin might not really be investing. If you really want to invest in bitcoin, then you won’t be waiting for the dip to happen first before you going to invest in bitcoin.

Since we don’t know how low bitcoin price will always go whenever their is a dip in the market, even when their is dip in the market, most of those people won’t be investing in bitcoin even when their is a dip in the market, they will keep on waiting for bitcoin to dump more, and even if there is a crash in bitcoin price, they still not going to invest because they going to be waiting for more dip in the market before they invest in bitcoin.

I do recommend DCA strategy when you planning to invest in bitcoin, and whenever their is a dip in the market, if you are having extra money, then you can just accumulate more bitcoin, you can take advantage of the dip in the market, but you don’t have to wait for dip before you going to invest in bitcoin. If you are waiting for dip to happen, then that’s means you not ready to invest.

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

[Hewlet]

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

waiting for a speculations of bitcoin going higher in the future before knowing that the best time to buy bitcoin is the now is a bad investment approach that stands only to retard an investors degree of bitcoin accumilation while giving him a false hope of procrastinating the need to get started in his investment with the assumption that there is always time to invest in the future. every opportunity that an investor has to invest is a DIP that should never be taken for granted. today you have the opportunity to buy below $120k, in the next five years, a lot of the other investors that might have come into the system at that time will even wish that they had the opportunity of bitcoin when it is at $150k.

all things being equal and things continues in the part it is going now, with the degree of adoption by whales and institution getting better by the year, anyone that was intentional enough to buy bitcoin at the current price or even in prices that is even slightly above the current price will still be better positioned in the future. even if an investors does not follow the DCA methord the ideal way it is supposed to be done and can only buy his bitcoin whenevr he(s) is able to, doing that consistently will stil place the investor at a good point in the long run which is what matters most.

[Cossyblack]

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

In a few more years the recent Bitcoin ATH will also look like a Dip considering the price of Bitcoin as of that time. Investors should see the Dip as a supplementary strategy to accumulate bitcoin rather than a primary strategy since the Dip doesn't occurs most often and the specific time of it occuring cannot be accurately predicted as no investors can outsmart the markets. I think DCA should seen as a primary strategy used in accumulating bitcoin because with DCA, an investor can buy bitcoin consistently regardless of the price using his discretional income.

[MainIbem]

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

Exactly, it's just like serving two masters at the same time which can't be possible at once, a traders mindset is to take profits when the opportunity arises whereas, investors need to hold their profits for longer period to gain better profits in the future and even add to it periodically to grow better, those are two different mindset that can't be achieved by one person that why you'll either choose to do any, however I won't advise people to thread the risky path, I mean the part of trading, it better to buy Bitcoin and hold the major requirements are having your discretionary funds intact and being patient which is very possible if the person is determined.

[Merit.s]

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

Exactly, it's just like serving two masters at the same time which can't be possible at once, a traders mindset is to take profits when the opportunity arises whereas, investors need to hold their profits for longer period to gain better profits in the future and even add to it periodically to grow better, those are two different mindset that can't be achieved by one person that why you'll either choose to do any, however I won't advise people to thread the risky path, I mean the part of trading, it better to buy Bitcoin and hold the major requirements are having your discretionary funds intact and being patient which is very possible if the person is determined.

In addition, anyone that is into both trading and investing practice will later end up being a trader in the long run if he doesn't stick to only investing. This is because he will always have that mindset of gambling with the market and if he exhaust all his trading funds, he will be tempted to take from his investment funds with the false hope that when he will make profit and replace it, before you know it gradually, he is decreasing his bitcoin portfolio instead, of adding to it.

In future, that person will have only little bitcoin as his overall portfolio, because he will have the habit of a trader than an investor which is waiting to buy at the dips, losing too many bitcoin because traders always run at loss in the long run.

He is going to complicate things for himself because he is involving in two different activities with different risk which that of trading is very high.

I wouldn't advise anyone to think of trading as a means to pile up wealth for the future because it's the opposite, so why would you involve in an activity that you take more from you than what you get back.

[blackberrman]

I have always view those guys that choose to wait for the perfect dip before investing into bitcoin as people who are not even serous about thier plan of investing into bitcoin because had it mean they're serous they would've adopt the DCA method instead of waiting for a perfect dip that will not be happening anytime soon

Most of the people that are always waiting for the DIP to happen before they invest in bitcoin might not really be investing. If you really want to invest in bitcoin, then you won’t be waiting for the dip to happen first before you going to invest in bitcoin.

Since we don’t know how low bitcoin price will always go whenever their is a dip in the market, even when their is dip in the market, most of those people won’t be investing in bitcoin even when their is a dip in the market, they will keep on waiting for bitcoin to dump more, and even if there is a crash in bitcoin price, they still not going to invest because they going to be waiting for more dip in the market before they invest in bitcoin.

I do recommend DCA strategy when you planning to invest in bitcoin, and whenever their is a dip in the market, if you are having extra money, then you can just accumulate more bitcoin, you can take advantage of the dip in the market, but you don’t have to wait for dip before you going to invest in bitcoin. If you are waiting for dip to happen, then that’s means you not ready to invest.

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

Yes, waiting for Bitcoin to fall before investing in Bitcoin will cost you some of your valuable time and opportunity, and you will be far behind in investing, when the price of Bitcoin goes up you will be disappointed because you will regret it yourself, so if you are new to investing then the DCA strategy will be most effective for you, when you have discretionary income you buy Bitcoin consistently no matter how much the market fluctuates, Bitcoin which will lead to a gradual increase in your wealth in the long run, but in this case we can never deny that Bitcoin has been able to increase its value since history and continues to do so in the present. The demand for Bitcoin has also increased relatively greatly, so you do not lag behind and continue to invest using the DCA strategy on a monthly or weekly basis.

[Ryu_Ar1]

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

That's a good point buddy, and it's true that even the names are different (trading and investing), so it's obvious that the application, initial plan, strategy, and risks involved will be very different. However, at this moment, especially with the growing FOMO around Bitcoin, while there may be positive aspects, many people fail to study the basics from the start because they assume such activities can be done on the fly. This leads to a misunderstanding where trading and investment are equated in terms of meaning, even though they are fundamentally different.

I often see arguments, even in this thread, where people still confuse trading with investing. While this misunderstanding may stem from a lack of understanding, it must be clarified because, ultimately, if this misconception persists, it will have long-term consequences for them.

[Ricardo11]

we must also have an emergency fund, whether it's setting aside an emergency fund before buying BTC or saving for it at the same time as we buy BTC. And of course, this emergency fund must be increased over time, because if it isn't increased, our long-term BTC investment could be at risk of being sold and ultimately failing to achieve a profit.

After investing, we definitely need an emergency fund. There are many people who have worked for a long time and have saved a lot of money. If they want, they can use some of the money they have saved as an emergency fund and start investing. But those who do not have any saved money can create an emergency fund along with investing if they want. For example,

*You invest $50, from that you can keep $20 for the emergency fund, and you can invest the remaining $30.

*A person should remember that it is very good to keep 3 times his stable income in an emergency fund or 3 times his monthly expenses in an emergency fund.

Creating an emergency fund is very important for every investor, because it will ensure the safety of your investment.
When you invest in Bitcoin, you must keep it for the long term, then you must be able to overcome all kinds of obstacles.
Unexpected situations can come in people's lives in any way, if a family member of yours gets sick or faces financial danger in some other way, then if you do not have enough emergency funds at this time, then you will be in a lot of trouble financially at that time.
Then you may have to sell your Bitcoin investment, which will bring losses for you, so it is very important to take all kinds of preparations for long-term protection.
By keeping an emergency fund ready, you will not have to sell your Bitcoin during any unexpected situation and your investment will remain intact in the long term, which will give you a chance for long-term success.

[Miramax12]

I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.

I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.

I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I believe that no investors here that is impersonating to any one ways of life when it comes to Bitcoin investments because everyone has the right to do what him/her think will be beneficial to them and so many investors here is in this forum to share ideas were necessary on the best options to choose when it comes to Bitcoin investments, because many investors prefer trading in shorter run because they couldn't have  the patient to for a long term run but always in desperation to make quick money, which with the ideas that so many has contributed in this thread that if you eventually put your mindset on monitoring  of Bitcoin price in the market that means you are gambling and you will surely lose so much profit in the process of gambling, which could have gotten more profits and save you from risking your money assuming you undergose the long term investment using DCA strategy which allows you to buy small small and accumulate in a long term without being afraid of losing.

I totally agree that everyone’s situation and strategy is different and that’s okay. Some are in for quick flips, others for the long haul. But the truth is, trying to time the market too much usually turns into emotional trading, and that’s where people get burned. DCA might not be flashy, but it’s solid if you believe in Bitcoin long term. Appreciate the fact to stay focused and not let the hype or fear take over.

[JayJuanGee]

Everyone has the freedom to live their life the way they want, and that also includes how they choose to use their money, whether it’s investing for the long term or taking risks in trading.

I very well agree with you on this. I read through some of the comments here( I don't need to start mentioning names), and I noticed how some persons painted trading like pure gambling, as if nothing good can ever come out of it, which for me is a very wrong way of seeing it. The truth is that trading can only feels like pure gambling when someone enters into it without knowledge, a clear plan, or proper risk management. With discipline, and then the right mindset trading is just like any other skill.

That being said, Bitcoin investments is however more preferable for me than trading Bitcoin, but that doesn't mean that trading is bad or wrong.

This thread is about bitcoin and it is also about investing, so even though we have buying the dip in the title, there is still an investing emphasis in this thread.

If you want to proclaim that trading in itself might be a good thing, you are way off topic, even if you might be able to support such a claim.

Surely many of us suggest that trading and gambling are similar in order to emphasize a point, and yeah there could be some folks who are able to figure out systems in which trading helps to hedge their bitcoin, and they may even use various financial instruments to give them options or to protect them no matter the BTC price direction, not only are those kinds of topics off topic, they would be more advance techniques that might not even be advisable to employ, even if a person might be able to figure out how to utilize them in a way that is more beneficial rather than harmful in an asset like bitcoin.

Much of the time we are talking about the various ways to accumulate bitcoin and/or even how to build and/or strengthen our cashflow management systems/practices, since those tend to be way more important skills for guys to build in the beginning of their investment and even to build and maintain if they had already been investing for decently long periods of time.

At the end of the day it all depend on your mindset and what you aim to achieve. If your goal is simply to accumulate Bitcoin over the years without worrying yourself about short term price swings, or if your goal is simply to build a long term finacial stability, then Bitcoin investment is a good fit for you.

Mindset is hopefully coupled with action, and investing can involve a lot of action over many many years, so even if we might be ongoingly buying bitcoin and shoring up our cashflow systems, we likely would not be engaging in selling, if our goal is to accumulate more bitcoin, since that might put us in the class of a trader rather than an investor..

Trading, on the other hand, is risky no doubt, but that doesn’t mean it is totally useless.

In bitcoin trading is problematic.

Think about it.  Bitcoin is one of the best, if not the best, investment available, and people are going to fuck around trading it?  That makes hardly any sense... especially the longer and longer that a person invests into bitcoin and builds u his bitcoin holdings, it seems quite difficult for a trader to outperform a person who is largely erroring on the side of accumlating bitcoin and just holding it.

Some people consider that they might want to learn better about bitcoin and trading, so I suppose if they limit their trading (gambling) to no more than 10% of the size of their bitcoin holdings, without cheating, then they could at least try to learn about trading without overly putting too much of their bitcoin holdings at risk.  Part of the problem with the trading mindset is that it may well put guys into positions in which they start to think that 10% is not enough, so then at certain times, they are tempted to go beyond 10% because they identify "sure thing" kinds of trades (bets), and yeah, maybe 9 out of 10 times they nail their "sure things," yet it might take only one time to lose and to end up losing all of the gains from the previous bests, where it would have had been better to just stay focused on investing rather than fucking around with trading...and so they end up with way less bitcoin than what they would have had otherwise had if they had stayed focused on investing.

If your goal is to take advantage of market movement for faster profits, growing of capital in a shorter time, or you simply enjoy analyzing charts and making quick decisions, then Bitcoin trading with a solid risk management is a better fit for you

Maybe 1 out of 20 guys is ale to actually make this work in a way that is meaningful and consistent, especially over a long period such as more than a couple of cycles.

Of course in the end guys can do whatever they like, including take their chances if they think that they can beat investing into bitcoin with their trading of bitcoin techniques.

In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

I understand that this thread priotize Bitcoin investment over trading but yet I've seen a few guys that I know personally who combines the two and they're doing well for themselves. Although I cannot advice anybody to combine the two but it doesn't mean that a few people are not combining it and making profit. They have none custodial wallet for investment and exchange account for trading. But most people who combines them fails woefully because trading can be a distraction for most investors.

I emphasize again that I cannot advice anybody to combine trading and investment, those individuals that I mentioned are experienced trading professionals and they don't depend on trading profits to survive. A fact is that if you place trading and investment on a scale, investment weighs far better than trading because it carries far lesser risk than trading that is why Bitcoin investment is highly recommended. 

I doubt that many guys are beating bitcoin investment, especially over a couple of cycles, even if they might happen to be  professionals.

One of the problems of trying to live off of your trades is that you are constantly drawing from them; however, if a person had one fund that was only to support themselves, so they just withdrew from the fund for their income, and then the other fund was for trading, then that might be able to work, yet them ight have to have a decent amount of capital in the other fund that they are using to sustain themselves.

Let's say that they wanted to have a $80k income per year, then maybe they need to have 15.547 BTC in their fund that provides their income.  Of course, if they ONLY needed to have $40k per year then they could half the amount in their fund that is providing their income, which would be 7.7735 BTC.

And yeah so their other funds (outside of their income fund) would be for trading and/or for their "working capital," so they would not be dependent upon any of their trading funds in order to live and so whatever bets they were to choose with their trading fund would be locked into their trading fund. They could even have their income fund with enough value to support and/or provide extra funds for their trading.. so let's say that they have a fund that has 15.547 BTC right now, and it generates $80k per year of income, yet if the guy chooses to only use $60k of that income for living, he can continue to add right around $20k per year into his trading account, to the extent that he considers that as potentially being helpful

[Dareo]

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For sure, buying the dip is likely to be an inferior strategy, yet it could be a good supplemental practice for someone who might start their bitcoin investment with a lump sum and then maybe wanting to hold back some of the initial injection money for possibly buying dips after their having had initially bought with such a lump sum amount... for example, if a guy had started out investing $100 per week into bitcoin, and then he remembered that he had right around $2,600 extra that he had in savings.  He realizes that $2,600 is about the same as his investing for 26 weeks, and so he considers whether to buy with the $2,600 right away and/or maybe to defer using time (dca) with part of it and/or whether he might structure some buys of the dip with some of it.

Maybe he also knows that once or twice a year, he gets a bonus that is anywhere between $1,500 and $3k, depending on how well his company does...so he can consider those bonuses to potentially be eligible for buying BTC right away and/or DCAing and/or buying on the dip.  He could divide the amount into three parts and/or he could put some of the money into his back up funds, whether in his emergency funds and/or reserve funds.  Nice thing about receiving a lump sum amount is having more options, and perhaps prior to getting into bitcoin, a guy might have just considered some things that he might buy with the extra funds, but then after learning about bitcoin, he learns how to invest with the money and perhaps have some hope that he will be better off to invest into bitcoin rather than not doing so. 

You are doing an extremely valid point regarding the timing disadvantagedness of the dip. I myself have experienced the same, when I attempted to wait and see the ideal moment, this will only create a feeling of hesitation and loss of opportunity. That is why DCA is so consistent, it reduces the guess work and leaves you compounding consistently no matter what. 

I prefer your example of a person earning 100/week and then finding out that person has a 2600 bonus just sitting there. To strike a wise balance between risk and opportunity, it is reasonable to divide that bonus into pieces; some to do direct purchases, some to DCA, some in the event of a dip possibility. It is like a mini strategy within a strategy so it is flexible but does not over think each market action. 

I believe that the main takeaway here is that when getting lump sums, such as the bonuses, it is possible to increase your choices, instead of feeling pressure. The thought of diversifying the investment portfolio can also be less daunting by planning on how to allocate those emergency, reserve, and bitcoin funds. Wondering whether anyone has this split of the added on cash or different ways to mix together DCA and lumps.

[Dunamisx]

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.

Exactly, it's just like serving two masters at the same time which can't be possible at once, a traders mindset is to take profits when the opportunity arises whereas, investors need to hold their profits for longer period to gain better profits in the future and even add to it periodically to grow better, those are two different mindset that can't be achieved by one person that why you'll either choose to do any, however I won't advise people to thread the risky path, I mean the part of trading, it better to buy Bitcoin and hold the major requirements are having your discretionary funds intact and being patient which is very possible if the person is determined.

I like the way you both have contributed on this aspect, because being an investor, you may need more of reinvesting your asset back to build it until you stand strong to a particular level whereby falling becomes resistible by you, for those that trade, they know that they often exchange from buying and selling regularly and thereby rarely hold for long and also take profits instead of reinvesting on it.

I personally see investment on a long term as the best to go for, because this can be more suitable for anyone interested in bitcoin, which works more better for both the newbies and experienced one in crypto, because all you need is time to hold and you will be in profit.

[Popkon6]

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

There is definitely no risk in holding Bitcoin for long-term Bitcoin investment, as long as you invest more Bitcoin and continue to buy Bitcoin for a long time according to the DCA method, the Bitcoin investment is safe. Because the more Bitcoin you buy, the more savings you will make on the purchase price, that is why the DCA method is the best.
No matter what situation you buy Bitcoin in, buying it for a long time creates a huge savings on your purchase price, and after holding Bitcoin for a long time, that investor is definitely ready to get the maximum benefits.

[G_Besar]

Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.

Investors who continue to buy Bitcoin frequently using any method, including DCA, will never worry about the current price drop, especially if the price drop itself isn't far enough from Bitcoin's all-time high. So, we need only look at the unique example of investors who continue to hold Bitcoin, yet at the same time, they also frequently buy without concern for price drops. Therefore, people who continue to wait for a price drop to buy Bitcoin should be completely ignored, without any particular reason. Because such people will only disrupt our concentration on implementing the plans and methods that suit us at this time, in order to continue buying Bitcoin without the influence of others.

[ejikeme24]

which with the ideas that so many has contributed in this thread that if you eventually put your mindset on monitoring  of Bitcoin price in the market that means you are gambling and you will surely lose so much profit in the process of gambling, which could have gotten more profits and save you from risking your money assuming you undergose the long term investment using DCA strategy which allows you to buy small small and accumulate in a long term without being afraid of losing.

As your primary aim is not for the short term profit so monitoring the market would make an investor to start looking into trading his bitcoin as he may not be able to withstand the pressure, so monitoring the market comes with a lot of challenges this is why is not advised for an investor to engage him or herself into monitoring the market because it can make you to start having the mindset of traders. Because majority of the investors that became traders started from monitoring the market and in the process of monitoring the market they got trapped and that's how they were converted to traders, so this are the reasons why we shouldn't be attempting to monitor the market. We are suppose to focus on the ongoing buying of bitcoin until we reach our investment goal, and  monitoring the market is one of the things that can prevent us from not reaching our investment goal.